Form 8997 – Statement of Qualified Opportunity Fund Investments
The Tax Cuts and Jobs Act of 2017 provided for certain economically distressed census tracts to be designated Qualified Opportunity...
- Home
- Where Do I Enter....In The Tax Program
Where Do I Enter....In The Tax Program
-
-
Form 6781 – Contracts and Straddles
Form 6781, Gains and Losses From Section 1256 Contracts and Straddles, is used to report: Any gain or loss on... -
Form W-2 – Other Compensation Menu
For most returns, Form 1040 Line 1, “Wages, Salaries, Tips, etc.” consists of income reported on Form W-2. There are... -
Lump-Sum Election – Social Security
A lump sum Social Security payment is one that was paid in the current year as back pay for previous... -
Form 1099-R – Other Data Menu
To access the following items, from the Main Menu of the tax return (Form 1040) select: Income IRA/Pension Distributions (1099R,RRB-1099-R)... -
Form 1099-G – Unemployment Compensation
Unemployment compensation is included in gross income. Taxpayers must report unemployment compensation on Form 1040, Form 1040A, or Form 1040EZ. ... -
Form 8582 – Passive Activity Loss Limitations
Form 8582, Passive Activity Loss Limitations is used to calculate the amount of any passive activity loss that a taxpayer... -
Form 1040 – Schedule K-1 Input
Schedule K-1 is used to distribute the net profit/loss to shareholders or partners based upon the percentage of stock or... -
Installment Sale Income – Form 6252
An installment sale is a sale of property in which the taxpayer receives at least one payment for the sale... -
Schedule D (Form 1040)
When a taxpayer sells a capital asset, i.e., property owned and used for personal or investment purposes, the sale will...