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11742: Guide to 1099 Informational Returns


1040 Individual Data Entry

In a 1040 return, where do I enter information from 1042, 1098, 1099 and similar forms?

For an abbreviated printable PDF version of this article, see the attachments below.

FORM TITLE DATA ENTRY POSSIBILITIES IN DRAKE SOFTWARE
1042-S Foreign Person's US Source Income Subject to Withholding   1042 screen
1098 Mortgage Interest Statement 1098
A screen
1098-C Contribution of Motor Vehicles, Boats & Airplanes A screen Line 17
8283 (if over $500)
1098-E Student Loan Interest Statement Screen 4 Line 33
1098-T Tuition Payments Statement Screen 8917/8863 for Taxpayer, spouse or dependent.
1099-A Acquisition or Abandonment of Secured Property No entry screen. If taxable, entry depends on the nature of the amount reported.*
1099-B Proceeds from Broker & Barter Exchange Transactions For sales/dispositions of capital assets, Screen 8949
For barter transactions, consult Pub. 525.
1099-C Cancellation of Debt 99C
1099-DIV Dividends & Distributions DIV
Screen 3 Line 9
1099-G Certain Government & Qualified State Tuition Program Payments 99G
1099-H Health Coverage Tax Credit (HCTC) Advance Payments 8885 (HCTC)
1099-INT Interest Income INT
Screen 3 Line 8
1099-K Payment Card and Third Party Network Transactions Enter as part of gross receipts. Not separately reported.
1099-LTC Long Term Care & Accelerated Death Benefits 8853 Section C
1099-MISC Miscellaneous Income: 99M
Rent/Royalty Income
Prizes or Awards NOT for Services
Payments to Crew Members (Fishing)
Payments for Health Services
(Medical Assistance Programs)
(Health/Accident Insurance Plans)
Payments for Services by Persons
(Not Treated as Employees)
(Directors, Subcontractors)
(Golden Parachute Payments)
Fish Purchases Paid in Cash for Resale
Substitute DIV & Tax-Exempt INT
Crop Insurance Proceeds
Gross Proceeds Paid to Attorneys
1099-MSA Distributions from MSA or Medicare + Choice MSA MSA
8853
1099-OID Original Issue Discount INT​ or OID
1099-PATR Taxable Distributions Received from Cooperatives F screen Line 3a (cash) or 38a (accrual)
PATR screen*
1099-Q Distribution from Coverdell ESA or Qualified Tuition Program (QTP) 5329 Part II Line 5 and Screen 3 Line 21*
1099-R Distributions from Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. 1099
1099-S Proceeds from Real Estate Transactions Sale of business use or rental real estate - 4797
Sale of investment real estate - 8949
Sale of home - HOME screen

1099-SA Distributions from a health savings account (HSA) or Archer MSA, or Medicare Advantage (MA) MSA 8889 or 8853
     
*See Related Links below for details.


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Guide to 1099 Data Entry.pdf 59.00 KB, 137 views

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