1099-q

Collapse
X
Collapse
 
  • Page of 1
  • Time
  • Show
Clear All
new posts
Previous template Next
  • Burke
    Senior Member
    • Jan 2008
    • 7068
    #1

    1099-q

    My software (ATX) does not have an input form for the 1099-Q distributions. Does most other software have it?
    Tags: None
    • FEDUKE404
      Senior Member
      • May 2007
      • 3648
      #2
      Oui

      Originally posted by Burke
      My software (ATX) does not have an input form for the 1099-Q distributions. Does most other software have it?
      So far as I know - "yes" (Form 1099-Q has been on two different tax software programs I've used)

      FE

        Comment

        • Roland Slugg
          Senior Member
          • Aug 2006
          • 1860
          #3
          Well, if some or all of the earnings reported on form 1099-Q are taxable, they go on F-1040, line 21 -- Other income. Does your tax prep program have an input screen for line 21?
          Roland Slugg
          "I do what I can."

            Comment

            • Possi
              Senior Member
              • Mar 2006
              • 1432
              #4
              Link

              See if there is a link from line 34.
              "I am proud to pay taxes in the United States. The only thing is I could be just as proud for half the money." Arthur Godfrey

                Comment

                • Burke
                  Senior Member
                  • Jan 2008
                  • 7068
                  #5
                  Originally posted by Roland Slugg
                  Well, if some or all of the earnings reported on form 1099-Q are taxable, they go on F-1040, line 21 -- Other income. Does your tax prep program have an input screen for line 21?
                  Yes, it has an input screen for Line 21 and 1099Q is on there for the net bottom-line taxable amt if any. What it does not have is an input screen for the 1099Q and/or a worksheet to calculate this as outlined in the Education Credit Pub for QTP's. So it has to be done outside the program.

                    Comment

                    Previous template Next

                    Disclaimer

                    Collapse

                    This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.

                    Working...