2019年6月3日 · REIT dividends that are reported in Box 5 of the 1099-DIV do qualify for the Section 199-A deduction. You don't need to fill out a 1099-MISC in the system, but rather a 1099-DIV (which will show the REITs in Box 5). If the system is asking for the EIN, look on page 1 of your consolidated form, likely at the very top (and quite likely in small ...

2019年6月4日 · The upshot is that Box 5 shows things other than the amount of basis subtracted from the gross distribution (Box 2) to produce the taxable amount in Box 2a. "Employee contributions" in Box 5 are voluntary contributions made …

2019年6月6日 · Box 5 reports the amount of wages subject to the Medicare Tax. There is no maximum wage base for Medicare, so the amount showing in Box 5 may be larger than the amount showing in Box 1. It is quite common for Boxes 3 and 5 to be higher than Box 1. Here's an example: Your wages for the year were $30,000.

2025年2月19日 · Box 1 (tuition paid) is significantly less than Box 5 (scholarships/grants received). This makes it seem like I received $7,000 more in scholarships than my actual tuition costs, which is not true. The IRS might interpret this as taxable income, and I may lose eligibility for education tax credits that I should qualify for.

2019年6月1日 · My K-1 Has a number in box 5. Turbotax Premier 2018 has two inputs for box 5. "Interest income" and "Interest from U.S. Obligations in Box 5" . My instructions for my K-1 state "Line 5 Interest Income - Reported on Form 1040, Line 2b. In 2018, Interest Income reported on your Federal K-1 includes 100% from US Government Sources."

2019年6月6日 · The amount in box 5 is the net amount that Social Security paid out, after accounting for any repayment. It's not supposed to be the amount you actually received. The fact that some of what they paid went towards your Medicare …

2025年2月8日 · Please look at Box 7, if Box 7 is checked, then Box 1 on the 1098-T DOES include January 2025 fees. Box 5 (scholarships posted) USUALLY lags behind a year and posts on the next year's 1098-T. If you had a 2023 1098-T (or earlier) please try to match the expenses with the scholarships. If the "inflated" Box 5 on your 2024 1098-T reflects classes ...

2024年1月29日 · The box 5 amount is only 5$ more than the box 16 amount. I don't participate in 401K. Turbotax is asking me to include a W2 copy and an additional statement with my return. I'm not sure what to put in this additional statement. Is this really needed?

2019年6月4日 · I f you have an entry in Box 5 of Schedule K-1, the Partnership had interest income (or the Corporation had dividend income or the Estate Trust had portfolio/non-business income). Since interest/dividend/portfolio income is passive, non-business income , it is subject to different tax treatment than other types of income and must be reported ...

2019年6月7日 · The number in box 1 is over $4000 greater than the number in box 5 (the number in box 6 is $0.00. Box 7 and the box for at least half-time student are checked. Box 3 is blank and boxes 4 & 10 are $0.00 . However, whereas I get a deduction of $4000, all of the income in box 7 is treated as income in my 1040.