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In master forms I added 4 records for a total of 5 and customized each record as shown below. You have to restore the FMV field when you're done, but that was the only way I could get the 'Were goods or services exchanged...' question to appear. I guess the programmers think they're doing us a favor by making parts of the forms hidden until we make entries, but I hate it!

I couldn't buy the amount of clothing my clients give away every year. And if my "Misc Household" stuff was worth what they are claiming, I'd KEEP it. Oh how I wish this was gone. Love the "H8 8283 Club!"

We haven't made any reservations yet but we're really looking forward to it. I've made a few notes about ATX letters, but I have a lot more work to do to fill the 3 hours Jack has alloted. If I went on for 3 hours, you'd all be so drunk you'd start throwing things at me.

I can add that! I could do it in a Jeopardy! format just for laughs!

@Abby Normal, you have to do a seminar on ATX tips and tricks. And give us all a certificate of completion. How else are we going to write this off? That is a lot of business miles I can rack up from CA to TN and back. Tom Modesto, CA

Welcome to the H8 8283 club. One of the biggest PIA's in prepping TR's. This was brought up her about a month ago. Some preparers including myself will lump several of the receipts from the same institution together. If the IRS wanted to crack down on this, they would probably throw out 90% of the claims. I have been in some of the thrift stores and the selling prices are much lower than most people are claiming.

I am very disappointed that I cannot make the party due to other obligations. I do love a party, especially one with all of you. Looking forward to hearing all about it and wishing everyone a great time, Rita will make sure of that. I will be with you in heart and spirit. Bill PS. If possible, I would like a 5x7 for my desk of Rita on her tractor with her million dollar smile after taking care of a special client.

I am working every angle I can to get there with my spouse. But, I lost my day job and it will totally depend on if I get hired somewhere after we get back from our London vacation. Really hoping I don't have a job until July...or August...or later. I am enjoying the unemployed life. My backyard is becoming fabulous, all the to-do's around the house are getting done, and I have time to work on tax issues without any pressure. I could get used to this. Anyway, I have never driven across the country, so I am really excited to drive from CA to TN. I have a sister in southern OH, so I will stop by and see her too. But being away from the house for 2 weeks is a stretch for the spouse. I guess that means I am a maybe. Tom Modesto, CA

You betcha!

I absolutely hate 8283's. Same old information over and over again. Clothing & HH Goods. I note a previous post from JohnH saying he set up master forms for these, but he uses Drake. ATX has input worksheets. Do any of you use a master form for these? Or combine receipts to the same donee institution into one entry? I usually do and just type in "XX trips." I recently got a return done by a CPA and he input every single receipt separately which meant 4 individual 8283 schedules.

I don't use ATX. I have a check box to pro forma to next year. So, the clients that take in boxes and bags of stuff each month, have 12 forms that roll over for me. Very little typing after that first year. And, I can duplicate forms in the current year, a huge help if they always give to Goodwill or whichever charity. I probably have a "master form" method, but the check-the-box method makes it really fast for me. I still need to charge more, due to "education" time. This year EVERY client received a FMV Guide.

I've not tried the master form method, but I do combine receipts to the same donee if more than a few. If I could charge for the real value of my time for every entry, and not lose the client, I'd be more inclined to do that, but I kinda wonder if that's why your client left the CPA who included all the details. If we charge what it's costing us to not be doing another task, we lose clients. It's frustrating.

Pub 974 is a real bear; just tried to skim it. Not only is the iterative Method pages long, but the Simplified Method is not even close to being simple or short.

I've been dinking with your numbers for about two hours (from the other thread) and I'm with you on the throwing up. I'm not getting anywhere with this one. I'm sorry, this is no help, except to say I commiserate and have not come up with a solution. In the final paragraph of this old article, the author saw this coming: https://obamacareguide.wordpress.com/2014/07/25/self-employed-health-insurance-deduction-the-iterative-calculation/

I have this exact problem and am using ATX software MFJ No dependents Total income $82932. SE Income 73, 045. Deductible SE 5161.00. 1095A Part III Col. A 17634.48 B. 17662.56 C. 11644.32 Taxpayer paid $5990.00 in premiums. 8962. payback $11644.00 but when added to SEHI $5990.00 Total 17634.00 SEHI then the 8962. shows a net premium credit of $192.00 and no payback? I know this cannot be right. I have been wrestling with this for days and I just want to poke my eyes out!

Hubby loves to string along those calls. Kept one like Catherine's on the line for a very long time by playing dumb and asking lots of questions. After the caller had fully committed to repairing a Windows PC and was getting very exasperated, hubby said he had a MAC. I think there was a swear word and a hangup then. But, semi-retired hubby had fun and kept someone else from receiving a call during those minutes. You go, Catherine!

Oh My, Coffee just shot through my nose null After my ACA conundrum I really needed a laugh! Thank you!!!

A classic telemarketer prank! https://www.youtube.com/watch?annotation_id=annotation_420523&feature=iv&src_vid=mkdoogjic4I&v=-7OgWcwgB50

Does the venue have quality Wifi? I will be toting my laptop and we can facetime or Facebook video chat, or several other ways to let people be there that can't be in person. Think "Big Bang Theory". Maybe even possibly stream some of it live... It is just the life-long geek coming out in me....

Love the master form, H8 the 8283.

That is exactly what I told my kids (well 24 years) when I got home after figuring out the 1% / 99% allocation deal. It was made sooooo much worse because ATX wouldn't allow zeros in column f of 8962 and it took me forever to realize that was the hold up. And when the clients picked up, they really had no idea what I saved them. Yes, I made it very clear. $8,778. It's burned on my brain. Did the returns three ways and gave them copies of all. They didn't like the $475 charge for two returns. Let me tell you, I didn't either. They came in two days ago to pay me (yes, I extended credit after all that). They were all smiles and appreciative. Yes, there was hugging that did not end in death. I feel better about it. But HOLY ACA H*LL.

I know isn't it great (eye rolling snark) if my taxpayer underestimated their income for 2017, got an advanced premium credit of 12K for their HI and then get to deduct it all on their tax return saving themselves from paying back the APTC of $11644.00 that they didn't qualify for in the first place , as their income was too high. I can take it above the line on 1040 but if I check the box to not take the PTC on 8962 ATX will not let me Efile.

These clients itemize deductions my first thought was SEHI $5990. which they paid. The $11644.00 excess advance premium to Schedule A medical and I can E file the return. Or Check the box not taking PTC on 8962. payback 11644. take 17634.00 SEHI and then paper file the return. I have never been this perplexed by a tax issue in the thirty years that I have been in practice. I gave these clients the option of IRA and SEP-IRA and they can't swing it. They had an exceptional year last year Earning over 100k in gross SE income and didn't bother to notify marketplace about change in income or make any estimated payments......they really need a hug! Thanks for letting me vent and I really appreciate your help!

Caution from Pub 974: If you are unable to complete Step 6 because changes between steps are always $1.00 or more, do not use the Iterative Calculation Method. Instead, use the Simplified Calculation Method or any computation method that satisfies the rules for the self-employed health insurance deduction and PTC as long as the sum of the deduction claimed for the premiums and the PTC computed, taking the deduction into account, is less than or equal to the premiums. The sum of the SEHI plus the PTC can't exceed the actual premiums. That actually makes sense, so I think a single taxpayer would just be stuck paying it all back. Which really is reasonable because they didn't qualify for the APTC to begin with, but because SEHI is an above the line deduction, we have an oh sh*t scenario of epic proportions. Excuse me while I also poke my eyes out.

There's a caution in Pub 974: If you are unable to complete Step 6 because changes between steps are always $1.00 or more, do not use the Iterative Calculation Method. Instead, use the Simplified Calculation Method or any computation method that satisfies the rules for the self-employed health insurance deduction and PTC as long as the sum of the deduction claimed for the premiums and the PTC computed, taking the deduction into account, is less than or equal to the premiums. If you use 17,634 as SEHI, you can't have any PTC or APTC. You're limited by the premiums. I think your guy uses 17,634 as SEHI, pays back the premium, and no PTC allowed. Now to get there. The other thing you can try is MFS, allocate 99% of APTC to lower earning spouse. I couldn't get ATX to allow zero where I did an allocation like this, not MFS, but an allocation that was 1% and 99%. Payback will be limited. They can never pay us enough for dealing with this.

Oh I just had SO much fun!!! I got a call from some low-life scum who wanted to take over my computer because of "suspicious activity" and I had him going for several minutes. I played dumb clueless ditz. Finally he told me my computer had been "compromised" and I told him that I *never* left my computer alone in a room with a man. (Guess I've read Jane Austen a few too many times...) Then I told him he had the wrong person - goodbye! I managed to hang up just before I busted out laughing.

Rich: The instigator of all this..... will be traveling Toronto. So... I think I will not be bringing the Crab Cakes I promised. Rich

I just did some checking. There IS such a thing as a disclaimed interest in a trust. But it can get tricky. Note that a disclaimed interest in an estate is treated as though the beneficiary predeceased the deceased. Therefore, the executor follows the terms of the will as to where the assets go as a result which is why I said "contingent" beneficiaries. Also, disclaimers must be in writing, delivered to the executor/trustee, and cannot specify what to do with the money. The other beneficiaries do not have anything to say in the matter. Again, these things are covered by state law and that needs to be reviewed.

There is a way to avoid the distribution via disclaimer, and as Roberts says, you can't 'choose' who gets the money. Without seeing the document, if the 3 were equal beneficiaries with no other qualifiers, it would have gone to the Trustee's (who disclaimed) heir if the wording was 'per stirpes' and not designated by class, or most likely equally to the remaining to beneficiaries if no per stirpes or heirs. There could have been a beneficiary settlement agreement changing the terms as your Trustee desired, but it would have needed to be approved by the Court. Both of these options would have avoided the trustee receiving a K1. However, it sounds like he just 'gifted' his share, as others suggest, so assuming that's the case, he receives a k1 and does a gift tax return. Eeegads. Why do peeps expect us to fix things AFTER the fact?!?

1. "maybe [you] were not aware that it is not necessary to do an exact accounting of assets anymore." The jurisdiction that applies here is the local probate court and their instructions. I see you are in NY. Has anyone checked with the local court? In VA, accountings to a court can be waived in the will if all beneficiaries sign off on it; however, they still have the right to demand an accounting from the [preparer/executor/administrator/personal representative] if so desired. 2. Note post reply above says Line 9 & 10 say "required to be distributed." This is not correct. Line 9 says "required to be distributed currently." (Where the will or trust specifies it, and that is whether or not it is received by the beneficiaries). Line 10 says "Other amounts paid, credited.....etc" Note the comma! If the income was paid (distributed), your software will compute DNI and the adjusted income flows through to the beneficiaries. So do the return as it is supposed to be, and send the K-1's and then let the benes put this monkey on their back. 3. Yes, if the money was required, (or not required to be distributed -- as long as it was -- ), it triggers reporting of the income.

Me, too! I just have to figure out how to get all the Cincinnati Chili fixin's there in good order. No Graeter's ice cream as it would surely melt. We need a count by mid-June, I suggest, to be sure we all bring enough of whatever we're bringing!

It better be real, because I've made reservations already!

I told this client of mine at 589% of poverty level last year that he would not qualify for APTC. But he knew this insurance guy, BBFB (blah, blah, frikkin blah, per Possi). We have an insurance agent here who has figured every single one of my clients' income incorrectly in "helping" them, and every single one has paid back the subsidy. I didn't want my client taking his return to this guy (or someone else) and being told, "OMG, if she had only told you to put $100 in an IRA..." I have a tremendous aversion to criticism. That's the size of it. For your client, a $6,500 contribution to an IRA would get him down to 386%. A $5,000 contribution would get him down to 399%. My client wasn't even close to being in a position where an IRA would help. I didn't want anybody to be confused about that. Plus, I used to be a Math teacher and it bothers me not to see the real number. A lot.

I'll be having a hip replaced this summer, and maybe spinal surgery, too. Doctors are still arguing about the source of my pain and weakness. Have already had x-rays, an MRI, blood work, etc. Rheumatologist, who was holding out for spinal stenosis, went to a conference and changed his mind to hip. But internist, who agreed with the orthopedic surgeon re hip, is now concerned about the source of weakness on my left side, so he's sending me to a spine specialist next week. I'm concerned about the source of PAIN on my left side. If I have a hip replaced and still hurt, I will not be a happy camper. At least one hip needs to be replaced soon, but maybe there is something I need done first. Anyway, I won't be at Rita's in TN nor at Appalachia Service Project in TN, KY, WV, VA, or NC, and might miss hubby's family reunion on the Cape. I didn't sign up for the CCH User Conference at the Fountainebleau in Miami Beach, because I don't think I'll be doing a log of walking this fall. Luckily, I'm pretty comfortable sitting (especially on a heating pad) so can prepare taxes and do anything else at my computer. I look forward to the live stream from Rita's back forty!

Total Turtle Poop! That is the one day in June that I cannot be in TN. I am Treasurer of my Church, and we are paying a consultant for a retreat to be held that day to deal with some transition and search committee issues. Have so much fun! I would have loved to join you. Perhaps it will go so well that you'll all agree we should do something again next summer. You are all welcome in KS.

What happens if the clients payback amount added to SEHI is more than the $2550.00 in my case as follow: MFJ No Dependents Total income $82932. SE Income $73045.00 Deductible SE $5161.00 1095-A Part III A. 17634.48 B. 17662.56 C. 11644.52 Pay back on 8962 is 11644.00 But if$11644. 00 added to SEHI then client gets a Credit PTC credit ???? This is making me throwup