For tax year 2023 returns: The IRS has implemented a new transition rule that delays reporting threshold changes. Your client may still receive 1099-Ks for transactions under the new, lower thresholds but they may not need to be separately stated in the tax return. Click here for more info.
This table will help you find ProSeries inputs to report amounts from common source documents for Individual returns.
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Source Form
|
Description
|
Input instructions
|
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Form 1099-A
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Acquisition or Abandonment of Secured Property
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Form 1099-B
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Proceeds from Broker and Barter Exchange Transactions
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Form 1099-C
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Cancelation of Debt
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Form 1099-DIV
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Dividends and Distributions
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Form 1099-INT
|
Interest Income
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Form 1099-K
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Payment Card and Third Party Network Transactions
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Form 1099-LTC
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Long Term Care and Accelerated Death Benefits
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Form 1099-MISC
|
Miscellaneous Income
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| Form 1099-NEC | Nonemployee Compensation | See Entering Form 1099-NEC, Nonemployee Compensation in ProSeries |
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Form 1099-OID
|
Original Issue Discount
| See Entering Form 1099-OID in ProSeries |
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Form 1099-PATR
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Taxable Distributions Received From Cooperatives
| in ProSeries |
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Form 1099-Q
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Payments From Qualified Education Programs (Under Sections 529 and 530)
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Form 1099-R
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Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc.
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Form 1099-S
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Proceeds from Real Estate Transactions
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Form 1099-SA
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Distributions from an HSA, Archer MSA, or Medicare+Choice MSA
| See Entering Form 1099-SA in ProSeries |
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Form 1098
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Mortgage Interest Statement
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Form 1098-E
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Student Loan Interest Statement
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Form 1098-MA
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Mortgage Assistance Payments
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| Form 1098-T | Tuition Statement | See Entering education expenses in ProSeries |
| Form SSA-1099 | Social Security Benefit Statement | See Common questions on Social Security Benefits in ProSeries |
