Investments? Sch D, Wash-Sales, 1099s, Real Estate

CPA for 26 years.

I have used TurboTax for 8 years. Quicken for 10 years & QuickBooks for 10 years.

I am a very active investor. I help my clients manage their investments using Quicken.

I am a Registered Investment Advisor(RIA).

S-Corp? LLC? Rental Property? Farms? Call me

Wall Street Journal:

'Rate-Reduction Credit' Leads To Confusion Among Tax Filers

If you received the maximum amount of the tax-relief check last summer, leave the "rate-reduction credit" line blank. It's line 47 on Form 1040, line 30 of Form 1040A, or line seven of Form 1040EZ on this year's return. (The maximum amount was $600 for a married couple filing jointly, or for a qualified widow or widower. For a head of household, it was $500. For singles or married people filing separately, the amount was $300.)

If you made a mistake, don't file an amended return until after the IRS processes your original return. The IRS says it is "checking all returns to see that the rate-reduction credit line is handled properly and should notify you of any change it makes." The IRS adds that it is rejecting electronically filed returns that show the amount of the tax-cut check on this line, or that show a dependent claiming the credit, "so that the taxpayer or return preparer may quickly fix the problem and transmit a corrected return."