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If you're trying to enter the DPAD from a cooperative off of a Form 1099-PATR, don't use the Form 8903. Enter it in the smart worksheet on Schedule F below question G. That will populate it to the Form 8995A
If you're trying to flow the cooperative DPAD deduction from a partnership K-1 onto your return, go way down on the K-1 worksheet to Section D2 line K.
There is also a similar line on the S corporation K-1 worksheet if flowing the DPAD from an S corporation. .
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Heck, I have no idea if this will work but might be worth a try.
- Print out your not ready to file 8903
- Fill out the IRS online PDF of 8903 and print it out
- Override any place on the return that the 8903 carries to
- attach a PDF of the 8903 you printed from the IRS
- Turn off error checking
- Transmit and pray.
I'm considering trying the same thing with a 6252, when I get closer to 3-1
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If you're trying to enter the DPAD from a cooperative off of a Form 1099-PATR, don't use the Form 8903. Enter it in the smart worksheet on Schedule F below question G. That will populate it to the Form 8995A
If you're trying to flow the cooperative DPAD deduction from a partnership K-1 onto your return, go way down on the K-1 worksheet to Section D2 line K.
There is also a similar line on the S corporation K-1 worksheet if flowing the DPAD from an S corporation. .
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I would say that the Form 8903 that isn't available till 3/31 was the "old" way of reporting DPAD.
Going thru the smart worksheets below the Schedule F will flow thru till you get a 8995 Sch C and then a Schedule D for Patron to report the deduction on the 1040 level and avoid using the Form 8903 completely.
Is that how you see it?
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Yes. Form 8903 was the "old way". Nobody should be using Form 8903 any more.
DPAD is dead except for cooperatives passing it through to their patrons on Form 1099-PATR and partnerships/S corps that receive a Form 1099-PATR passing it on to their partners/shareholders.
Everything flows through the Form 8995A from the smart worksheets on Schedule F and the K-1 worksheets if you're dealing with a DPAD from a cooperative.
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Thank you, this is very helpful. Appreciate the quick response!
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Thank you for the response, this is helpful!