Marie

1098 T SHOWS TUITION OF 23759, SCHOLARSHIP OF 10000 AND BOX 7 MARKED. DO I USE THESE NUMBERS TO GET THE AOC, OR DO I HAVE TO KNOW HOW MUCH PARENTS ACTUALLY PAID. ONE PLACE I READ SAID YOU COULD TAKE FOR EITHER YEAR. IS THIS CORRECT? AND THEN HOW TO I FILL IN THE SOFTWARE TUITION 1098?

WHen you file the extensions because you can't get it finished, what do you do about the filing late penalty? Most of my extensions owe money.

Anyone else having an issue with input on the 8949? Things keep jumping around. I will put in a stock sold, hit the tab, and it disappears and shows up in another place. I have a hard time adding a record. I have had to go out and open up the 8949 again. Doesn't happen every time.

putting info in like usual, but now the scholarship amount keeps showing up as income. Seems like something as changed. Scholarships are less than tuition, getting the lifetime learning credit for the difference , but can't seem to elimainate the program making the scholarship taxable. I can override and get rid of the amount, but don't like to do that. Has anyone had this problem?

Partnership received dividends from broker. There are some exempt dividends on the state side. How do you put that into the partners K-1 and/or deduct from their state returns?

ok, you are right. and we won't get a letter for years and then won't remember what iit is about.

Does taxpayer have to pay the $1.00? What i read is anything less than $1.00. None of my returns have cents, so never anything less than $1.00

OK, I WILL GO AHEAD AND FILE THE LATE ONES

The deadline is past, but I'm still getting 1099s to file for clients. Should I go ahead and file? Has anyone received a penalty for filing 1099's late?

ok, that's what i thought, just making sure. thanks

Farmer builds a barn, starts at the end of 24. Barn won't be finished until 2025. Does the farmer send 1099nec for labor that he paid in 2024, even though he hasn't paid for the rest until 2025, and isn't depreciating it unitl 2025 when it is put in service?.

probably should write up a gift deed? calt.iastate mentions livestock. I believe feeder calves would be the same as grain according to them. Do you agree?

YES, I READ THAT, TOO. GOOD INFO

can a farmer who raises grain or feeder calves donate these to a charity and let the charity sell? Then the farmer does not have to report the income, and of course, does not get to take the charitable deduction on Sch A. Does anyone have any info on doing this if it is allowed?