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Federal input screens

Screen 1099P - Distributions from Cooperative (1040)

Overview

Use this screen to enter cooperative distribution information from Form 1099-PATR.
Source data entry
The UltraTax CS
Source Data Entry
 tool lets you enter data on facsimile versions of forms your clients submit for the preparation of their tax returns. Once the facsimile forms are completed, you can export the data and transfer it into your client data files via the Data Sharing feature.

General Information

This field will automatically update with amounts entered in boxes
1
,
2
,
3
, and
5
 in the
1099-PATR Facsimile
 input section. Enter a taxable amount, including 0 (zero), if different from the total of boxes
1
,
2
,
3
, and
5
. Data entered in this field is reported on the related form or schedule. The following table lists where the amount is reported on the form.
Form/Schedule
Line
Schedule C
Line 6, Other income
Schedule F
Line 3b, Taxable amount of cooperative distributions
Form 4835
Line 2b, Taxable amount of cooperative distributions
Enter
X
 in this field to delete the content from this screen during next year's proforma.

1099-PATR Facsimile

The fields that have a plus sign (
+
) at the end of the field name aren't used in the tax return, but are available for the Data Mining feature. You don't need to enter information in fields marked with a plus sign unless the data in the field will be used for data mining purposes. Data will be shared to these fields from the
Source Data Entry
 tool.
Data entered in these fields is reported on the form or schedule. The data will also automatically update the
Taxable cooperative distributions
 field. The following table lists where the amount is reported on the form.
Form/Schedule
Line
Schedule F
Line 3a, Total amount of cooperative distributions
Form 4835
Line 2a, Taxable amount of cooperative distributions
An amount entered here goes to Form 8995-A, line 38, but can be limited to tax liability. Use the
Portion of QBI allocable to qualified payments received from cooperative
 and
W-2 wages allocable to qualified payments
 fields on the
F-3
 screen to calculate Form 8995-A, line 38 properly. If you enter an amount here, don't enter an amount in the
Domestic Production Activities Deduction under section 199A(g) allocated from cooperative
 field on the
F-3
 screen.
The investment credit from the cooperative is carried to Form 3468. The default is line Part II, line 9 of the form. Use the code selection field next to the credit amount field to select a different part of Form 3468 to report the credit.
An amount entered in this field transfers to Form 5884, line 3.
An amount entered in this field transfers to Form 6251, line 3. If the activity is at-risk or passive, the adjustment will be used to complete the AMT version of Forms 6198 and 8582, respectively. Then, the AMT Passive and Loss Limit Worksheet is completed to get the adjustment to Form 6251, line 2m or 2n.
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