2017 Conversion Instructions TaxACT to ATX Individual

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Bartholomew Hicks
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1 Updated 08/27/ Conversion Instructions TaxACT to ATX Individual TaxACT is a registered trademark of 2nd Story Software, Inc.2nd Story Software, Inc. does not sanction nor participate in this conversion project. ATX is a registered trademark of Universal Tax Systems, Inc. and its affiliates and/or licensors. Before conversion begins The following will be needed: A full installation of the ATX 2016 program A full installation of the TaxAct 2016 program Internet connection Update to the latest version of ATX Please note: Due to differences between tax programs, not all data from your original returns will be converted. The conversion utility and ATX does not recreate your original 2016 return. Once your original returns are converted, you should check all returns to ensure accurate calculations. After you verify your returns, further processing of your 2016 tax returns in ATX is unnecessary. For depreciation returns, please see the Special Notes for Depreciation section. Verify the print options in the TaxAct program to get the most data converted. The rollover portion of the conversion will be activated with the first release of ATX for Conversion Instructions To update the program and download the conversion utility, use the following steps: 1. Update ATX 2017 to the latest program update, if not already updated, by using the Updates feature inside the program. 2. Visit and click the Login button in the upper right corner. 3. Enter your Client ID, User name and Password and click Login. 4. Access the download section of the site by clicking on the Download Center tab near the top of the page. 5. Locate and click on Conversions on the left-hand side of the screen. 6. Locate the TaxAct conversion and click the download icon to begin downloading. 7. Select Save As on the File Download dialog box. 8. Select a location on your hard drive where the conversion utility installation will be saved. We recommend that you save to your desktop so the installation can easily be located when you're ready to run it. 9. The conversion installation utility will be named TaxAct_conversion.exe. 10. Click the Save button to save the utility. To install the conversion utility, use the following steps: 1. Access your Desktop (or the location where you saved the download) and locate the conversion installation file TaxAct_conversion.exe. 2. Double-click the file to begin installation. 3. Click the Next button on the Welcome screen to begin installation. 4. Select the I agree to the terms and conditions radio button. You must agree to the terms and conditions to install the utility. 5. Click the Next button to continue installation. 6. Click the Install button to install the conversion. 7. Click the Finish button to close the install wizard. A copy of this guide will appear on-screen at this time. You can open the user guide at any time by going to the \CCH Small Firm Services\ATX2016\Convert folder. As with all conversions, we recommend that you check your data carefully after conversion. Verify Print Options in the TaxAct program To get the most data from the TaxAct returns the following steps will need to be followed before you try to convert your returns: o Open the TaxAct program o Click on the Preparer menu option o Choose the Master Information option o Chose the General option - 1 -

2 o Under Filing/Print Options verify that the following lines are marked. Print all capital gain/loss transactions on Form 8949 File Form 104o/1040NR instead of short forms on all returns- (1040 only) File Schedule C instead of Schedule C-EZ on all returns Print Schedule B even if under $1,500 (1040 only) To convert your tax returns, use the following steps: The TaxAct program should be closed before beginning this process. The conversion utility will open the program during the conversion. When the program opens you will need to sign into TaxAct as you normally would. 1. Click Start, point to All Programs and select the CCH Small Firm Services- ATX 2017 program group. Another sub-menu will appear, choose the TaxAct Conversion. 2. The ATX Conversion Utility - TaxAct box will appear. 3. Click on the Add Files to Convert button. The default path \TaxAct\TaxAct2016 Preparer's Edition directory should be highlighted on the tree view. If you did not install TaxAct to the default location, you should adjust the path accordingly. Click OK. 4. On the Load Clients box you choose to use the manual or automatic client process with this version. Click No for the manual process and use the instructions below. Click Yes for the automatic process and continue to Step Indicate if you would like for all of the clients' data to convert or if you want only certain clients. Click Next. 6. The default path of C:\ProgramData\CCH Small Firm Services\ATX2016\Import \CompetitorReturns should be listed in the Converted files will be saved to the following location folder line. If you did not install ATX 2016 to the default location, you should adjust the default path accordingly. 7. Click the Convert Selected Files button. A conversion process meter box will appear. The amount of time this takes varies by the number of returns being converting. 8. The message Conversion completed successfully box will appear. Click the Close button. Click the Exit button and the conversion box will close. Your returns are now converted to an ATX 2016 format. Manual processing instructions: Before starting the conversion process please follow these steps to custom print the client data in PDF format. 1. Create a folder which will hold the client data in PDF format. 2. Open TaxAct. 3. Open each client return you wish to convert 4. From within the open return, click the File menu and select Custom Print. 5. In the opened Custom Print tab of the Print Center dialog, click Select All in the top and bottom windows and then click the Print button. 6. Verify that Send output to PDF is selected. 7. Check that the PDF filename points to the PDF folder that you created in Step 1. If the path is not correct you should click Browse and point to the correct path created in step After printing each client return to PDF, you may close TaxAct. 9. Now, follow the steps listed above for converting your tax returns. Make sure that at step 2 you select the folder where the PDF files were saved and at step 3 you select No on the Load Clients dialog box. To import your converted returns into ATX 2016, use the following steps: 1. Click the Start menu, point to All Programs and select ATX On the Returns menu, point to Import and select Converted Returns. 3. Click Continue. 4. In the list of returns, select the returns you want to import. You can filter return types shown using the Files of type dropdown menu. Press the Ctrl key while selecting returns to select multiple returns or press Ctrl+A to select all returns. 5. Click Open to begin the import process. The amount of time this takes varies by the number of returns being imported. 6. In the Returns Converted dialog box, click Done. Your converted returns are now imported into ATX Special Notes for Depreciation Tax programs utilize many different combinations of Depreciation methods. Some methods of depreciation listed in your prior program may not be able to be converted into ATX. For all assets containing state depreciation, you should enter the state information manually. We strongly advise you to check your depreciation closely to verify that each asset is correctly represented in ATX

3 Verify all converted Asset Categories, Methods, and Convention Codes in returns containing depreciation. You should verify all returns containing depreciation and amortization for accuracy. ATX does not convert all the Form 4562 or Depreciation Worksheets from TaxAct. If there are assets in TaxAct that you would like to carryforward from year to year in ATX and these assets did not convert then these assets will have to be entered manually. Depreciation may or may not convert to the correct parent form. You may or may not need to change the parent form. Individual Conversion Items to Note Calculated and Overridden Fields Due to the differences in which information is stored in calculated and overridden fields, you should verify all returns containing the forms listed below for accuracy. Schedule K-1s Schedule A Schedule C Schedule D Schedule E At-Risk Indicators Vehicle expenses Vehicle expenses on Schedule C, Schedule E, Form 2106, Schedule F and Form 4835 may not convert to ATX due to the different ways that the information is stored in the PDF for TaxAct. Form 2441 The Providers and qualifying expenses on Form 2441 may not convert due to the different pages shown in the PDF. If total amounts are available for any of the forms, schedules, and worksheets listed below, then only the totals will be converted and not the individual or contributing amounts. The contributing or individual amounts will only be converted if the total is not available for conversion. What data will be converted? 1040 Conversion Items Client Information Taxpayer name Spouse name Taxpayer social security number Spouse social security number Filing status Presidential election Taxpayer occupation Spouse occupation Street address City State Zip Taxpayer blind Spouse blind Married Filing Separately spouse name Married Filing Separately spouse SSN HH Qualifying dependent name Taxpayer phone number - home Taxpayer phone number- cell Dependent Information Dependent first name Dependent last name Dependent SSN - 3 -

4 Dependent DOB Relationship Individual Tax Return (Form 1040) Household employee Income not reported on W2 Taxpayer Scholarship and Fellowships Alimony received Other Income Social security received this year Railroad tier received this year Medicare premiums to Schedule A Federal tax withheld Federal refund applied from prior year 1st Quarter federal payment 2nd Quarter federal payment 3rd Quarter federal payment 4th Quarter federal payment Alimony paid SSN Alimony paid amount Student Loan Educator expense Tuition and expense deduction Other adjustments Wages, Salaries, and Tips (W-2) Owner (Taxpayer or Spouse) Employer name Employer address Employer city Employer state Employer ZIP Employer foreign country Federal EIN Box 1 - Wages, tips and compensation Box 2 - Federal withholding Box 12-1,2,3,4 codes and amounts Box 14 1, 2, 3, 4 types and amounts Statutory Employee Retirement Plan Third Party sick pay State name 1, 2, 3, 4 State ID 1, 2, 3, 4 Locality name 1, 2, 3, 4 Locality tax withheld 1, 2, 3, 4 Unemployment benefits (1099G) Payer name Unemployment benefits received Repayment of benefits received Federal tax withheld State tax withheld Pensions, IRA Distributions (1099R) Payer name Payer address Payer city Payer state Payer ZIP Federal EIN Account number Gross distribution Taxable amount Capital gain in line 2 Federal tax withheld Total Distribution check box Taxable amount not determined check box Federal Tax Withheld Box 7 Code - 4 -

5 IRA/SEP/Simple check box State name 1 and 2 State ID 1 and 2 Locality name 1 and 2 Local tax withheld Simplified Method QCD check box and amount HSA check box and amount PSO check box and amount Itemized Deductions (Schedule A) Other real estate taxes paid on residence Other taxes type amount Personal property taxes General sales tax Mortgage individual name Mortgage individual address Mortgage individual TIN Mortgage individual amount Home mortgage interest and points reported on form 1098 Investment Interest Employee expense description Employee expense amount Tax preparation fees Other misc. expenses subject to the 2% floor description and amount Other miscellaneous deductions not subject to the 2% floor description and amount Medical expense amounts 50% cash charity amount 50% non-cash charity amount Interest and Dividend Income (Schedule B) Seller financed mortgage name Seller financed mortgage SSN Seller financed mortgage address Seller financed mortgage amount Owner (Taxpayer, Spouse, Joint) Interest source description Interest Amount Early Withdrawal Penalty Interest on US savings bonds Interest Income Federal Withholding Tax-exempt interest AMT Private Activity Bond Exclusion code Exclusion amount Dividends source description Ordinary dividends Qualified dividends Capital Gain Unrecaptured Section 1250 Gain Dividend Income Federal Withholding Exempt Interest Dividends Business Income (Schedule C) Owner (Taxpayer or Spouse) Business description Business code Business name Business address Business city, state, ZIP EIN Accounting method Accounting method other description Gross receipts or sales Returns and allowances Other income Advertising - 5 -

6 Commissions and fees Contract labor Depletion Employee benefit programs Insurance Mortgage interest paid to bank Other interest Legal and professional services Office expense Pension and profit-sharing plans Rent or lease vehicles, machinery, and equipment Rent or lease - other Repairs or maintenance Supplies Wages Taxes and licenses Travel expenses Utilities Wages Other expenses descriptions and amounts Inventory method Purchases Cost of labor Materials and supplies Other costs End inventory Date vehicle placed in service Total business mileage Capital Gains and Losses (Schedule D) Short Term Carryforward Loss Capital Gains distributions Description of Properties Date Acquired Date Sold Sales amount Cost or basis amount Ownership T, S, J 28% check box Rent and Royalty Income (Schedule E) Properties A, B, C Property address Property personal use days Property rental days Property QJV Property type Property income Travel expenses Advertising Cleaning and maintenance Commissions Insurance Legal and other professional fees Management fees Mortgage interest paid to banks Other interest Repairs Supplies Taxes Utilities Other expense description and amount Rent and Royalty Income (Schedule E Duplicate) Properties A, B, C Property address Property personal use days Property rental days Property QJV - 6 -

7 Property type Property Income Travel expenses Advertising Cleaning and maintenance Commissions Insurance Legal and other professional fees Management fees Mortgage interest paid to banks Other interest Repairs Supplies Taxes Utilities Other expense description and amount Farm Income (Schedule F) Owner (Taxpayer or Spouse) Principal product Activity business code Accounting method FEIN Material participation check box Sales of livestock purchased for resale Cost of livestock Sales of livestock you raised Total coop distributions Coop distributions taxable amount Agricultural program payment Agricultural program Taxable amount CCC loans reported under election CCC loans forfeited CCC loans taxable amount Crop insurance proceeds Crop insurance taxable amount Amount deferred from last year Defer to next year check box Custom hire Other income amount Chemicals Conservation expenses Custom hire Employee benefit programs Feed Fertilizer Freight and trucking Gas, fuel and oil Insurance Mortgage interest Other interest Labor hired net credits Pension plans Rent or lease Repairs and maintenance Seeds and plants purchases Storage and warehousing Supplies Taxes Utilities Veterinary breeding and medicine Other expense description and amount Schedule F, Page 2 Sales Total coop distributions Coop distributions taxable amount - 7 -

8 Agricultural program payments Agricultural program taxable amount CCC loans reported under election CCC loan forfeited CCC loan taxable amount Crop insurance proceeds Custom hire income Other income Cost of purchases Ending inventory 1099-G Government Payment Worksheet Payer's Name Unemployment Benefits Received Repayment of Unemployment Benefits Federal Tax Withheld State Tax Withheld EIN Farm Income (Form 4835) FEIN Owner (Taxpayer or Spouse) Active participation Income from production Total coop distributions Coop distributions taxable amount Agricultural program payments Agricultural program taxable amount CCC loans reported under election CCC loans Taxable amount Crop insurance proceeds Section 451 defer amount Crop insurance taxable amount Mortgage interest Other interest Other income Chemicals Conservation expenses Custom hire Employee benefit programs Feed Fertilizer Freight and trucking Gas, fuel and oil Insurance Interest Other interest Labor hired Pension and profit sharing Rent or lease Repairs and maintenance Seeds and plants Storage and warehousing Supplies Taxes Utilities Veterinary breeding and medicine Other expense description and amount Vehicle/Business Employee Expense (Form 2106) Taxpayer/Spouse indicator Occupation Parking fees, tolls, transportation Travel expenses Business expenses Meals and entertainment expense - 8 -

9 Employer reimbursements Vehicle - date placed in service Vehicle total business miles Vehicle total miles Vehicle Gasoline, oil, repairs, vehicle insurance, etc. Vehicle Vehicle Rentals Child and Dependent Care Expenses (Form 2441) Provider name Provider address Provider city, state, ZIP Provider SSN or EIN EIN check box Amount paid to provider Qualifying child Qualifying child SSN Qualified expenses Foreign Earned Income (Form 2555) Taxpayer/Spouse Indicator Foreign Address Foreign Country Country Code Occupation Employer s Name Employer s U.S. Address Employer Entity Type Employer Entity Type Other description Previous year form 2555 filed Type of exclusion Country of which a citizen/national Moving Expenses (Form 3903) Number of miles from old home to new workplace Number of miles from old home to old workplace Amount paid for transportation and storage Travel from your old home to your new home Amount paid by employer Installment Sale Income (Form 6252) Description of property Date acquired Date sold Related party? Marketable security Selling price Existing mortgage assumed Cost or other basis Expense of Sale Income recapture Main home exclude gain Profit percentage Payments received in the current year Prior payments received Ordinary income Mortgage Interest Credit (Form 8396) Street address City State Zip Name of Issuer Certificate Number Issue Date Interest Paid Certificate rate Credit carryforward from

10 Business Use of Home (Form 8829) Area used for business Total area of home Schedule C copy number Direct and Indirect expenses Carryover of unallowed operating expenses Excess casualty losses Carryover of unallowed operation losses Adjusted basis of home Value of land Qualified Adoption Expenses (Form 8839) First and Last Name for Child 1 First and Last Name for Child 2 First and Last Name for Child 3 Year of birth for Child 1, 2, and 3 ID Number for Child 1, 2, and 3 Special Needs check box Foreign Child check box Disabled Child check box Adoption final in 2016 and earlier check box Amount of prior year 8839 Domestic Production Activities Deduction (Form 8903) Domestic production gross receipts (DPGR) Oil Related activities Domestic production gross receipts (DPGR) All Activities Allocable costs of goods sold Oil-related activities Allocable costs of goods sold All Activities Deductions and losses allocable to DPGR Oil Related activities Deductions and losses allocable to DPGR All Activities Cost of Goods sold for simplified overall method Oil Related activities Cost of Goods sold for simplified overall method All Activities Form W-2 wages Domestic production activities deduction from cooperatives Expanded affiliated group allocation Archer MSA and Long-term Care Insurance Contracts (Form 8853) Archer MSA contributions made Compensation from employer Partnership Information (Form K-1) Partnership name Foreign partnership check box EIN PTP box PTP sold this year 100% interest sold this year Ordinary income Net income/loss from rental real estate Net income/loss for other rental Guaranteed payments to partner Interest income Ordinary dividends Qualified dividends Net short term capital gain (loss) Net long term capital gain (loss) Collectibles 28% gain (loss) Unrecaptured Section 1250 gain Net Section 1231 gain (loss) Other portfolio income Section 179 expense deduction Cash contributions 50% Cash contributions 30% Portfolio interest expenses on investment debts Deductions royalty income Deductions portfolio 2% floor

11 Deductions portfolio other Dependent care benefits Qualified productions activities Employer s W-2 wages Penalty on early withdrawal Net earnings from self-employment Gross farming or fishing income Backup withholding Post- 86 depreciation Adjusted Gain or Loss Tax Exempt Income Investment income Investment expense S-Corporation Income (Form K-1) Owner (Taxpayer, Spouse, or Joint) S-Corp name Foreign corporation check box EIN Ordinary income Net income/loss from rental real estate Net income/loss for other rental Interest income Ordinary dividends Qualified dividends Net short term capital gain (loss) Net long term capital gain (loss) Collectibles 28% gain (loss) Unrecaptured Section 1250 gain Net Section 1231 gain (loss) Section 179 expense deduction Cash contributions 50% Cash contributions 30% Portfolio interest expenses on investment debts Deductions royalty income Portfolio 2% floor Portfolio other Qualified production activities Employer s W-2 wages Penalty on early withdrawal Backup withholding Post- 86 depreciation Adjusted Gain or Loss Tax-exempt interest income Investment income Investment expense Estate and Trust Information (Form K-1) Estate name EIN Interest Qualified dividends Total ordinary dividends Net short term gain Net long term gain Unrecaptured Section 1250 gain 28% rate gain Other portfolio and non-business income Ordinary business income Rental real estate Other rental income Estate tax deduction Excess deduction on termination Short-term capital loss carryover Long-term capital loss carryover Accelerated depreciation Tax exempt interest

12 Qualified production activities income All Activities Employer s W-2 wages Net investment income Gross farm and fishing income Nondeductible IRAs and Coverdell ESAs (Form 8606) Owner (Taxpayer or Spouse) Current year non-deductible contributions Basis for previous years Credit for Prior Year Minimum Tax (Form 8801) Last year Form 6251, combined lines 1, 6, 7, and 10 Adjustments and preferences total amount Minimum tax foreign tax credit on exclusion items 2015 Form 6251, line Form 6251, line Form 8801, line Credit Carryforward 2015 unallowed qualified electric vehicle credit Form 4562, page 1 Depreciation Activity Description Asset Entry Worksheet Description of property Date placed in service Schedule E Property Column (A, B, or C) Cost or Basis - federal Salvage/Land value Business use %, listed and vehicle Prior year depreciation federal Prior 179 election amount federal Recovery period for AMT federal Current-year 179 election amount federal

2014 Conversion Instructions UltraTax 1040 to TaxWise

2014 Conversion Instructions UltraTax 1040 to TaxWise Important Notice Please Read!!! The data contained in these returns is minimal and contains ONLY the items needed to pass through to the 2014 return.