Bklyn1_241

I don't believe I indicated that anywhere because I don't even know where that option is located. I am at a loss as to why ATX is not automatically reporting the other income and excise tax of 6%.

No, they are not over the age of 55.

Code W on two W-2s for taxpayer total $9,152, which is $852 more than the $8,300 maximum for a family HSA. Why isn't the excess automatically reported on Schedule 1, Line 8f and Form 5329, Part VII by ATX? Am I missing something?

I am experiencing a related issue. My issue is that the NOL to be used in the current year on the NOL summary does not seem to carry over automatically to Line 8a of Schedule 1 and I have to enter it manually. Why would this occur?

I think I found it - FECWKST. Thank you very much!

Do you happen to know the worksheet number?

i am trying to e-file a Form 1040 that has a foreign payer included on the 1099R worksheet. The payer does not have an EIN. Is there something that I can include in that field to allow the tax return to be e-filed?

Thank you all for the wealth of information. It is truly appreciated.

My client is the individual (not the executrix or the trust). The individual receives a Schedule K-1 (1065) in the name and EIN of her trust. I believe each sibling receives one as well. If I understand you correctly, the following should occur: (1) Individual receives K-1 (1065) and CA state K-1 for her trust (2) Trust should file Form 1041 and issue K-1 (1041) to individual. If the source state requires a trust tax return, then one needs to be filed as well. (3) Individual reports income from K-1 (1041) on personal federal return and source state return. is this accurate?

Per the executrix of the will and trusts, this is an irrevocable trust for distributions to siblings. The siblings receive Form K-1 (1065) each year as their trusts are in a partnership where some of the income is sourced in CA. Help!

Thank you Abby!

TP resides in one state but has nonresident K-1 income for another state. Is there a way in ATX to designated the income associated with a K-1 (1120S) to a specific state?

Thank you for all the information. I am awaiting more details from the TP that I will share once I have it.

TP receives a few K-1 (1065) forms in the name of her trust that has it's own EIN. How would you report this? Does the trust need to file a tax return separately? Would you include the income with the TP personal return? Furthermore, there are CA state K-1s attached but the TP resides in another state. Is there a CA state tax filing obligation?