Marie

Sorry, I marked final K-1, where is the final disposition box I should mark?

I did check the box as final k-1 and nothing has flowed, I've looked everywhere, searched bunny hopped with no luck. Also no 1099B was given to me, I guess i'll have to call and have her check with her broker.

TP sold interest in LP. K-1 has no figures except box marked final K-1. There are no figures anywhere. I do have unallowed losses from previous years. How and where do these losses go? I think losses are allowed when interest is sold out? These losses are in my software, I just can't figure out how to get them to flow. Since this was sold, should there be a 1099B for this? I hate these things!

ok, thanks

Is there an election for this? Or by reporting the entire sale in one year is that the election? I have a sale of rental house and acres. We want to report and pay taxes all in one year even though they will make payments in 2015 and possibly 2016.

I'VE HAD TO MAKE A FEW OTHER CHANGES, TOO, ALONG WITH INCLUDING THE ELECTION. DO I WRITE "SUPERSEDED" ON TOP? OR JUST SEND IN A NEW RETURN. I THINK I WILL HAVE TO MAIL?

Didn't get the election in original return. Can I amend before April 15 and include?

I THOUGHT THE MAGI WAS THE SAME FOR THE SUBSIDY AMOUNT AND THE PENALTY. WHAT IS THE DIFFERENCE?

Client went on the marketplace, got insurance and a subsidy. Her husband is disabled and receives social security. I'm almost sure that no one told her she had to add in his SS to their income to get a household income figure. Well, now they owe over $2000 for repayment. If she does not want to repay, what are the repercussions? They are not receiving a refund- never do, she runs the family farm and does not pay estimates. I understood that no liens could be put on, and really nothing forcible to get the subsidy back. Is that right? If she gets a USDA payment of some sort, would that amount be held out of the USDA payment?

Forgot about the 1 month gap. thanks on the 1095's - all are put on one sheet? As I read, I do not put totals into lines 11 since insurance wasn't the same all year?

TP and spouse go to the marketplace Jan, Feb, March both names on 1095 and numbers same for these 3 months April - Oct both names, monthly prem higher, but same for all months Nov - only husband's name premium looks like just for him (about half) Dec both names again, prem back up, but not the same as the first of the year. They rec'd 4 1095. In Sept, had a child, but child got put on state insurance (Medicaid) Couple makes $44000. Do I put all four on the same 8962, the software calculates a repayment to IRS then put the wife on the 8965 showing no insurance for 1 month? with a small penalty?

Taxpayer was on unemployment for july, aug, and sept, which at that time he and his daughter went without insurance. when he started working in Oct, insurance was reinstated. does this qualify for the B exemption. it says less than 3 months, does that mean 2 months then?

SO, If dependent had only made $5000, dependent's income would not have to be added in to parent's income?

dependent (under 18) made 7776 - how much do I add into household income(line 7) of the shared responsibility worksheet. I think the dependent threshold is 7750, am I correct? She will file as a dependent on her parents' tax return.

found the source, VA benefits are not included in MAGI according to the irs link

Do VA benefits add into household income to figure penalties and exemptions?

In ATX, The worksheet in the 8965 with the links to insurance information doesn't seem to figure the insurance credit. When I use the valuepen website, it figures the premium with the subsidy, which I've been using as the cost of insurance. the worksheet link just shows total premium, which most times is unaffordable for lower income tax payers. Am I doing it wrong? has anyone else filled in that worksheet?

Farmers return: I'm putting in raised cows sold, over 2 years old qualifies for LT, but error message keeps saying that "dates indicate short term holding period, Review force code" not a red error, but error message is wrong. I put in 4797 code, should I have let the software put in the code instead?

1263 A 3H SAYS "apply safe harbor for small taxpayers to NOT apply improvement rules to eligible bldg. materials" Is that the $500 safe harbor rule on repairs and supplies? Sorry I'm so dense - all this confusion, I just want to make sure I get the right election.

I KNOW, BUT IS IT IN THE ATX ELECTIONS? OR DO I NEED TO MAKE MY OWN

Things I've read sometimes refer to the $200 and $500 as the same reg 1.263a. It's been very confusing

Does ATX have this, I can only find 1.263a.

WHERE IS THE $500 ONE, I HAVE ONLY FOUND THE $200 ONE

thank you

I FOUND THOSE, BUT HOW DO I DISTINGUISH BETWEEN $200 SAFE HARBOR AND $500 SAFE HARBOR?