WITAXLADY Posted February 28, 2021 Report Posted February 28, 2021 Receiving PATR with the 199A amount in box 6 - Where does that go? and how does that flow thru on the 8995 - Ones prior the 8995 were negatives but this one is $52,000 so it does make a difference on how much depreciation I need to write off. Thank you so much! I am fine with most of the concept of the Sttb, etc - just not coming thru from 1099-PATR Darlene/WI Quote
SEVeithCPA Posted February 28, 2021 Report Posted February 28, 2021 I literally spent the last few hours, messing around with this in the software too... On the 8995 input, activities tab (mine also had a Sch F)...scroll all the way to the right, to input payments from cooperative(1099PATR box 7)...this will make form 8995-A form populate. Go to line 38 (of 8995-A - page 2, part IV), and enter your 1099PATR box 6 (from the letter from the coop). Line 39 of 8995-A will flow thru to Form 1040, line 13. Quote
WITAXLADY Posted February 28, 2021 Author Report Posted February 28, 2021 thank you I will try that - I had used the first part,,, but not the latter. Thank you for sharing! so much messing around! Flat tax!! I will find something else to do - there are always books to balance or new businesses to help! or old! Quote
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