Marie

MINE TOO

client has 10 rentals, all single family units. I know husband and wife both work rentals regularly. Do I aggregate? and how do I elect and do it? or do I just mark as a qualifying business? Please some help

client had HSA marketplace insurance, husband and wife, both over 55. Maximum contribution $6900, plus $1000 (for over 55). Do they get another $1000 for wife over 55? I believe it is a family policy as only one premium paid and both on the form

I've removed taxable amount in that box. 1099R in a separate box states 100% housing, and I know it is, just had never had a retired minister with a 1099R, just active ministers with houseing allowance. The minister also has more housing expenses than retirement. He tracks that very well

OK, THANKS

How is this put on the 1099 input form? On w-2's there is a place to mark clergy, but can't find that on the 1099r, or anything associated. On the 1099 R, The box (2B )is marked that taxable amount is not determined and the taxable amount box (2a) is blank. Is there a worksheet for the housing for a 1099R like there is for a W-2?

on unproductive property, Does ATX have a place to check to use this election or do I need to put it in the blank election? If so, what should it say?

Also, if there is a loss, is there any reason to figure the 199a?

Looking for guidance on a dairy farm that sells to DFA. also has calf sales and other misc income. DFA has given a DPAD amount on 2018 1099 patr

YES, THANKS

You can only put money into an IRA if you make earned income. So Sch c or F or partnership draws subject to SE have to make a profit for taxpayer to contribute. How could it not be attributable?

When figuring QBI? Sch c has a profit of $10000. pays SE tax, has SEHI, and a $2000 IRA, all shows up on sch 1 as deductions from income. Is QBI $10000 to put on the 199A worksheet, or $10,000 minus all those deductions of SE, SEHI, and IRA. Some examples show the deducts, other worksheets don't, and the examples in various pubs, etc only talke about the profit and then figuring 20% of profit or 20% of taxable income, whichever is less.

So, on my milkers I have to chose between dpad or qbi. I'm still looking for a good resource on dairies selling to coop, how to figure . most milkers raise calves, crops etc. How do I adjust expenses between the coop income and other. Maybe I've got this wrong, I've read so much, I am very confused.

OK, WHAT I THOUGHT, BUT IT'S A CONFUSING THING. THANKS

I THOUGHT, TOO, BUT, THE 1099 ISSUED BY DFA HAS DPAD AMOUNT ON IT. WOULD LIKE TO FIND INFORMATION ON FIGURING DAIRY FARMS QBID

FARMER SELLS PURCHASED BREEDING STOCK. ALL GAIN IS ORDINARY GAIN FROM 4797. ALSO SOLD EQUIPMENT, RECAPTURING THE DEPRECIATION, SO ORDINARY GAIN. DO THESE AMOUNTS ADD INTO THE 199A COMPUTATION?

DAIRY SELLS THEIR MILK TO DAIRY FARMERS OF AMERICA COOP. IF THEIR INCOME IS UNDER THE THRESHOLD DOES THE ADJUSTMENT CALCULATION NEED TO BE MADE? DFA IS PASSING ON A DPAD. CAN I USE THAT AND THE QBID?

I need that, too

line 1b on the SE form is the subtraction for crp payments.

i thought only CRP payments could be subtracted from SE

ALL MACHINERY(NEW AND USED)IS ELIGIBLE FOR BONUS DEPREC BUT I THINK ONLY NEW EQUIPMENT IS 5 YR

New farm machinery and equipment is set up for 5 years instead of used equipment at 7 yrs. ATX does not have a new equipment selection. Am I just to use 5 yr farm asset for the new equipment?

sure glad I'm not the only one who hates the new form.

What about ordinary income from sales of farm assets, like cows and bulls. does that add into the qbi?

The tab "Services trade or Business: Qualified business income deductio worksheet" I cant get anything to flow to that? Client has a w-2 and profit on a Sch F. What tabs should have numbers on them? The other tabs I have filled out, I put Farm net profit, and it gave me a 20% deduction. Is that right? Income is under threshold