Marie

have mortgage interest divided between farm and business.  I put in the input sheet but doesn't carryover to the schedules.

What box or schedule have I missed.  I do have a partnership on the Sch E with interest deduction.  does that affect these other two schedules? 

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? 

 Does the 943 need to be sent in when there are no numbers on it?  Farmers children are all under 18 so there is no FICA due 

thanks, sounds good

An error shows up when creating the w-2 efile, says an email is required for employer.   Some of my clients do not have email addresses.  What do I need to do? 

I got the 2024 to work, but I have other years on my computer.  how do I put them on the authenticator app? 

I am still working on windows 10, do I need to change to windows 11 for the 2024 tax season?  How does changing affect my previous years returns.  Will I still be able to open old returns?  Always worries me about changing.

 Still not sure.  What about filing a 8832?

Farm LLC was a partnership LLC. I filed a final partnership return.  It is now converted to a single member LLC.  Does the single member LLC need to apply for another EIN, or can it keep the partnership EIN?  Do I need to file Form 8832? 

Another:  Roofing LLC was a partnership.  He changed the name to Flooring LLC with the secretary of state and now it will be filed as a sole proprietorship.  The change was just the name, same operating agreement, but he doesn't have a partner anymore.  Again I filed a final partnership return under Roofing LLC.  Does he keep the same EIN and I file Form 8832?  

Please help me with this.

ok, i will review, thanks

He has capital gains and gains on his 4797 ( individual return).  the 8592 doesn't show any carryover of losses .  no amounts under passive loss in col g