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Dan

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  1. Dan

    OK Form 511, Line 4b

    It is very easy to do the above with the ATX program. I have no idea how to get Form 4835 (out of State income) to flow to 511, line 4b. I really don't know the reason income from Sch E and Sch F did flow to 511, line 4b.
  2. Dan

    OK Form 511, Line 4b

    Question about Drake software: I have a problem finding how to complete line 4b of Oklahoma Form 511? I have out of state income from Kansas for Sch. E, Sch. F and form 4835. The Out State Income for OK 511 (line 4/ OK 511 Sch B line 2) includes Sch E and Sch F but not Form 4835. As a result, OK 511, line 4b only has the income from Sch. E and Sch. F. The income from Form 4835 is missing. How can I get the income from Form 4835 to show up on OKOUST.LD worksheet?
  3. Has anyone seen this error in the Kansas K-40, Schedule S Part A, line A11 form? This happens when you have two states that send out form 1099-G's.
  4. Has anyone else seen the error on A11 of the Kansas K-40 Schedule S Part A? I have two 1099-G's. One is a refund from Kansas and the other is from Oklahoma. According to the working of the ATX program only the Kansas refund comes in line All. Both refunds need to come in because both are taxed in the federal return. The instructions say in the Kansas booklet for line A11 "Enter any state or local income tax refund included as income on your federal return." I been in conversation with ATX a lot and am not getting this problem fixed.
  5. The ATX program automatically puts the amount in the State and local income worksheet on line 1c. I don't know how they get the amount in 1c. When I fill out the State and Local Income Tax Refund Worksheet for Schedule 1, line 1, I don't see any amount for 1c. When I delete the amount in 1c. it shows my total state tax refund. When I restore line 1c it brings in the original number before I had deleted it and causes my state refund to be less than received.
  6. Question: Are you required to enter the amount of state and local general sales taxes you could have deducted in 2020 on the State Income Tax Worksheet? If you are to enter this, it will lower your State(s) refund. In ATX, I deleted this amount on the worksheet. For example: Originally 1a had 1965; 1b had 2231; and 1c (general sales tax could have deducted) was 914. Before I deleted the 914 from 1c the taxable amount was 1317. When I deleted the 914 from 1c the amount was 1965 which was the total of state refunds.
  7. Program error on the 2021 Form 8995. There error is seen in line 11 of that form. Line 11 does not calculate correctly. The instructions to line 11 say, "Enter your taxable income figured before any QBI deduction, computed as follows. Form 1040, ...line 11, minus Form 1040, line 12c." Example: Form 1040, line 11 is 96,795 - line 12c is 28,400 = 68,395 The ATX program puts 68,995 which is not according to the instructions. It should be 68,395. What are we do about this problem? I can override the number but it leaves a red box if I do.
  8. What about this idea? Put the total amount of the 1099-G (agricultural program payment) on both the Schedule F (line 4a) and Form 4835 (line 3a). Then put the taxable amount that should be taxed on Schedule F (line 4b) and the taxable amount that should be taxed on Form 4835 (line 3b). There is only one Form 1099-G which has both Schedule F and Form 4835 income. I don't know if it is wise to add a second 1099-G to the ATX program since there is only one received.
  9. Thank Lion EA for your response but I need someone who has both Schedule F and Form 4835 to deal with. By your answer above you probably don't add Form 1099-G to your return. When I add Form 1099-G to the return it has in box 7 of the 2020 return called agriculture payments where I put the total of payments there and then a link to Schedule F. That links the amount to the proper line on Schedule F. The same could be said for Form 4835 as mentioned above after using Form 1099-G and linking it to Form 4835. The IRS would be able to see you had the correct amount reported on 3a and 3b from your 1099-G even though you did not use that form in the program. But how would the IRS deal with you taking part of payments to put on Form 4835, line 3a and 3b and part of the payments on Schedule F, line 4a and 4b?
  10. QUESTION: Are you required in the ATX program and also in tax law to use form 1099-G that the government sends you to enter all information from that form in the tax program and link that to Schedule F or Form 4835? Can you instead of using 1099-G, go to Schedule F, line 4a and do a jump to link field and enter your CRP payments under 3 (Other Agricultural Program Payments)? The reason for this to happen is because some info needs to be on Schedule F and some info needs to be on form 4835. Does the IRS allow this to happen? If they don't allow this to happen you could enter a minus amount to back some items on the 1099-G out of schedule F but I am not sure of that either.
  11. I am wondering if a retired farmer needs to fill out Form 4835 for a few years after he retires and has turned the land over to a tenant to farm? The 2021 instructions for Schedule F state: "If you are a retired farmer, you are treated as materially participating in a farming business if you materially participated 5 or more of 8 years preceding your retirement." Example: the farmer retires January 1, 2021. He materially participated in the farming business for the preceding 8 years. If the farmer receives a crop share from the tenant, could he report that crop share on Schedule F or would he have to report that crop share on Form 4835? The farmer did not materially participate in the production of the crop. Schedule F requires materially participation Form 4835 only requires actively participation
  12. Dan

    1099-G

    I know you can subtract CRP payments from Schedule SE if you also receive Social Security Payments. You can subtract CRP payments on line 1(b) as you mentioned. My question in this blog is concerning PLC (price loss coverage) payments that should go on form 4835. These payments came as a result of farmer turning over land to a tenant. The farmer still materially participates in the CRP but does not materially participate in regard to PLC. One blog I read says: "Many times farmers will receive a Form 1099-G that reports information that the IRS computers expect to see on a certain line on Schedule F. Many tax preparers assume that they are required to report the income on those lines and that is the end of the process. The correct procedure is to report this income on those appropriate lines so the IRS computer will match it up properly and then usually adjust out the correct amount as a negative item on the other income line on Schedule F." Blog by Paul Neiffer, CPA Is there anywhere in IRS publications that say this? Thanks for your responses.
  13. Dan

    1099-G

    I have a lot of questions about this. Do you have to put CRP payments on Schedule F? Publication 225, page 11 says, "Under CRP, if you own or operate highly erodible or specified cropland, you may enter into a long-term contract with the USDA. You must include the annual rental payments and any one-time incentive payment you receive under the program on the appropriate lines of Schedule F." And yet a tax return I saw had CRP payments on the 4835 Form. I also have questions about what I said in my previous entry.
  14. Dan

    1099-G

    Would this be the correct way to do it? (Number 3 Above) 1. On Schedule F, the PLC payment is put on Line 8 (other income) as a minus number. 2. On Form 4835, the PLC payment is put on line 6 (other income) as a positive number.
  15. Dan

    1099-G

    Question: If you have a 1099-G (U.S. Department of Agriculture form) and in the past have put all information from that 1099-G on the line which says Agriculture Program Payments which is 4a and 4b on the 2020 Schedule F Form, how do you enter in 2021 some of that info on form 4835? Example of what is on the 1099-G: 1. Coronavirus Food Assistance 2. CRP payment 3. PLC payment At first, I would put the total 1099-G payment on Schedule F. The farmer materially participates with 1 and 2 above but not with number 3. The question is: how and where to enter number 3 on form 4835? The PLC payment received is the landlord's share of the 2021 payment.
  16. Question: How large can PDF files be in order to e-file them? When I created the PDF file is said, "The file is large and my slow or prevent success e-file transmission." I see from ATX info that ATX allows attachments up to 256 K. My PDF for one State has 504 KB and the other State has 1370 KB. I have tried to find what K stands for. If K means Kilobit, than I am way over the amount allowed because 256 Kilobit would only be 32 KB. Thus would not be able to e-file the two State returns because of the question above. Question: What does K stand for if I haven't mentioned the right one above?
  17. So are you saying we are to enter the Social Security Administration number? On the chart that I see on this site it has above the column EIN (Filer); EIN (Spouse). When I did a check return it also gave me a error which said (IRS e-file limitation: Each withholding amount must have an associated EIN. Enter 00-0000000 (9 zeroes) if an EIN is not available).
  18. Effective for tax years beginning after 2019, the age 70 1/2 no longer applies as long as all other IRA contribution rules are met. One stipulation is that you must have earned income to make an IRA contribution and the amount of earned income must exceed the amount of your IRA contribution. Question for those doing Kansas Returns: If you have earned farm income, do you included your contribution amount in line B13 as an amount from Kansas Sources? It shows up on B13 as a total from the Federal Return but not as an amount from Kansas Sources unless you enter it there. Line B13 is on Schedule S, part B-Part-Year Resident/nonresident allocation form for Kansas Thanks for your early reply!!
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  19. Oklahoma statute authorizing the addition--when I called the Oklahoma Tax Policy department today they mentioned that the Oklahoma statute was 68 Oklahoma Statute 2358. That statute deals with Revenue and Taxation. In the ATX 2019 it did not have the word other in Oklahoma to make a pdf file but in 2020 it does.
  20. Question: In the Oklahoma instructions under Schedule 511-B and B8 Miscellaneous: Other additions: it says when Entering the number 5 if the following applies these words: "Provide a statement of explanation specifying the type of addition and Oklahoma Statute authorizing the addition, and verifying documents." There are two adjustments: (1) adjustment SE deductible part of self-employment and (2) adjustment self-employment health insurance. These two adjustments must be added to the Oklahoma return and so the questions in ATX are: 1. How do you make a statement for Schedule 511-B, line 8 2. What is the statue authorizing these additions 3. The verifying documents should be I believe Schedule SE or (schedule 1, part II, line 14) and schedule 1, part II, line 16 which shows the self-employed health insurance deduction. These deductions are added back to Oklahoma return because they were subtracted on the Kansas return.
  21. Dan

    Red Box

    I now have gotten rid of the red box but I can't enter $300. Why? Answer: I clicked the arrow on 10b and entered 300 in the blue box on 5. I now have 300 in Form 1040; line 10b
  22. Dan

    Red Box

    Question: Why does the box show read on Form 1040; line 10b? I now have gotten rid of the red box but I can't enter $300. Why?
  23. Dan

    Red Box

    Question: Why does the box show read on Form 1040; line 10b?
  24. Charitable Contribution - I see that effective for 2020 there is a new deduction up to $300 for a qualified charitable contribution as above-the-line deduction in calculating AGI without the taxpayer having to itemize deductions (1040-10b). On Form 1040 is there anything that says a taxpayer is required to enter their total charitable deductions or just the $300 amount on 10b?
  25. I see that a lot have viewed this post but no answers. Please respond if you have ever did the above and the e-file went through correctly.
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