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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   screen 1042
1098 Mortgage Interest Statement screen 1098
screen A
1098-C Contribution of Motor Vehicles, Boats & Airplanes screen A, line 12
(line 17 in Drake17 and prior)
screen 8283 (if over $500)
1098-E Student Loan Interest Statement screen 4, line 20
(line 33 in Drake18 and prior)
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 screen 99C
1099-DIV Dividends & Distributions screen DIV
screen 3, line 3
(line 9 in Drake17 and prior)
1099-G Certain Government & Qualified State Tuition Program Payments screen 99G
1099-H Health Coverage Tax Credit (HCTC) Advance Payments screen 8885 (HCTC)
1099-INT Interest Income screen INT
screen 3, line 2
(line 8 in Drake17 and prior)
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 screen 8853, section C
1099-MISC Miscellaneous Income: screen 99M

lines vary depending on form received and schedule/form to which it applies. 
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 screens MSA or 8853

1099-OID Original Issue Discount screens INT​ or OID
1099-PATR Taxable Distributions Received from Cooperatives screen F, line 3a (cash) or 38a (accrual)
PATR screen*
1099-Q Distribution from Coverdell ESA or Qualified Tuition Program (QTP) Two options (see below): screens 
5329 and/or 3*
1099-R Distributions from Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. screen 1099
1099-S Proceeds from Real Estate Transactions Sale of business use or rental real estate -screen 4797
Sale of investment real estate - screen 8949
Sale of home - HOME screen

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


Attachments

Guide to 1099 Data Entry.pdf 59.00 KB, 591 views

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