Incorrect Coop Payments Error

bestmurf — Mon, 06 Jul 2020 16:56:17 GMT

Smart Check keeps giving me this error "Schedule C: Qualified coop payments should not be more than Total gross receipts or other income reported in Part 1". I don't have any coop payments with my business, I can't find why it's giving me this error or even why it's asking for coop payments.

Re: Incorrect Coop Payments Error

DavidS127 — Tue, 07 Jul 2020 19:30:01 GMT

After entering the information for your Schedule C, there is a Continue button at the bottom of the summary page. When you Continue, you encounter a screen "Is this Qualified Business Income?". When you choose the button Yes, the next screen is "Let's cover some uncommon situations". One of the boxes is "This business received Form 1099-PATR". If you select that box, new boxes open up to enter your 1099-PATR amounts.

If you didn't have a 1099-PATR, you should check to make sure that none of those boxes have anything in them. Check the box for 1099-PATR, make sure everything is blank (not zero), and then un-check the 1099-PATR box.

If you do have a 1099-PATR entered in your return, please provide more information about how that is entered and whether it relates to this Schedule C business.

topic Incorrect Coop Payments Error in Business & farm

Incorrect Coop Payments Error

Re: Incorrect Coop Payments Error