Unfortunately, this form is not supported by
TurboTax Online. The form is now in the Desktop version. You can access it
through the Forms mode.
1) Use TurboTax Desktop
(TTD) version, not TurboTax Online.
2) Use this form to fill it out
manually https://www.irs.gov/pub/irs-pdf/f8903.pdf
3) Then open your tax file in
TTD and go to Forms - top left corner for Mac users and top right corner for
Win users.
4) On the left where all the
forms are listed, find 1040 Wks.
5) Scroll down to line 36 and
right above it, you will see a Worksheet.
6) Add DPAD description in line H.
7) Put the amount from line 25
of your Form 8903 (see step 2).
😎 Enter the amount.
Here are a couple of links that
will help you with logistics:
Purchase TTD https://turbotax.intuit.com/personal-taxes/cd-download/ (Even Basic version will work
for your purposes).
Download your tax file from TurboTax
Online to TTD https://ttlc.intuit.com/questions/1901476-how-do-i-switch-from-turbotax-online-to-the-turbotax-softw...
2018 Entering Domestic Production Activities Deduction
1099-PATR box 6
There
are 2 types of Domestic Production Activities Deduction that can show up in the
1099-PATR box 6. They will not show up on the same one but the difference
is whether the cooperatives accounting year is fiscal or calendar.
Cooperative
filing on a Fiscal year where the tax year began before 1/1/18:
These
cooperatives still fall under the old regulations and have DPAD under IRC
199. The amount from box 6 of the 1099-PATR is reported on Line 23 of the
8903 which will flow to Schedule 1 as an adjustment to income.
QBI
calculation needs to be adjusted on the appropriate entity the co-op income is
reported on as the income that generates the DPAD cannot also be used for
QBI.
A
diagnostic warning will appear in Final Review if this adjustment needs to be
made:
"Both
Form 8903 and either Schedule F or Form 4835 are present in the return. Income
associated to the Form 8903 deduction is not allowed for calculating the
Qualified Business Income deduction. You will need to adjust the Qualified
Business Income eligible for the deduction by the amount of income (possibly
the amount in box 6 of the 1099-PATR). Go to the appropriate Schedule F or Form
4835 where the income was reported and override the amount on Line E1 of the
Qualified Business Income Deduction Info worksheet at the bottom of the
Schedule/Form."
Cooperative
filing on a calendar year or fiscal year where the tax year began after 12/31/17:
These
cooperatives fall under the new regulations and have DPAD under IRC
199A(g). The amount from box 6 of the 1099-PATR does not go on the form
8903. The amount, after any adjustments per Line 39 of the Worksheet 12-A
(see pub 535) which shows up in ProSeries as the QBI Complex Worksheet, will
flow to Line 10 of the new Form 1040. There is a required statement that
will be attached to reflect the Line 10 is adjusted by this 1099A DPAD.
A
future update will allow a distinction between these two types of Domestic
Production Activities Deduction and allow a flow-through for Line 39 of the QBI
Complex Worksheet.
From
<https://accountants-community.intuit.com/articles/1813265-2018-entering-domestic-production-activiti...>
