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4164 lines
101 KiB
4164 lines
101 KiB
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Detailed TXF Category Descriptions
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<h1>
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Detailed TXF Category Descriptions
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<font color="#0000ff"></font>
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<table
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Tax Form \ TXF Code
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<br>
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Description
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<th>
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Extended TXF Help messages
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<font color="#0000ff"> Income</font>
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<font color="#ff0000"> Expense</font>
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<font color="#0000ff"><b>< help \ </b>H001<br>Name of Current account is exported.</font>
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<font color="#0000ff">Categories marked with a "<" or a "^", require a Payer identification to be exported. "<" indicates that the name of this account is exported as this Payer ID. Typically, this is a bank, stock, or mutual fund name.</font>
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<font color="#0000ff"><b>^ help \ </b>H002<br>Name of Parent account is exported.</font>
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<font color="#0000ff">Categories marked with a "<" or a "^", require a Payer identification to be exported. "^" indicates that the name of the PARENT of this account is exported as this Payer ID. Typically, this is a bank, stock, or mutual fund name.</font>
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</TD>
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<font color="#0000ff"><b># help \ </b>H003<br>Not implimented yet, Do NOT Use!</font>
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</TD>
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<TD
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<font color="#0000ff">Categories marked with a "#" are not fully implemented yet! Do not use these codes!</font>
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</TD>
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</TR>
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<font color="#0000ff"><b> none \ </b>N000<br>Tax Report Only - No TXF Export</font>
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</TD>
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<font color="#0000ff">This is a dummy category and only shows up on the tax report, but is not exported.</font>
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</TD>
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</TR>
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<TR>
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<TD
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<font color="#0000ff"><b> F1040 \ </b>N261<br>Alimony received</font>
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</TD>
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<TD
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<font color="#0000ff">Alimony or spousal support payments received from a former spouse. Do not include child support payments since they are not considered taxable income.</font>
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</TD>
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</TR>
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<TR>
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<TD
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<font color="#0000ff"><b> F1040 \ </b>N257<br>Other income, misc.</font>
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</TD>
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<TD
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<font color="#0000ff">Miscellaneous income such as jury duty fees, hobby income, amounts recovered on expenses deducted in previous years. Do not include prizes, awards, gambling winnings or income from self employment.</font>
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</TD>
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</TR>
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<TR>
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<TD
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<font color="#0000ff"><b> F1040 \ </b>N520<br>RR retirement inc., spouse</font>
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</TD>
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<font color="#0000ff">Spouse's portion of tier 1 railroad retirement benefits that are equivalent to social security benefits is reported on Form RRB-1099. These benefits are subject to the same computation as social security benefits to determine taxable amount.</font>
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</TD>
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</TR>
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<TR>
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<TD
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<font color="#0000ff"><b> F1040 \ </b>N519<br>RR retirement income, self</font>
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</TD>
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<TD
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<font color="#0000ff">The portion of tier 1 railroad retirement benefits that are equivalent to social security benefits is reported on Form RRB-1099. These benefits are subject to the same computation as social security benefits to determine the taxable amount.</font>
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</TD>
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</TR>
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<TR>
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<TD
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<font color="#0000ff"><b> F1040 \ </b>N258<br>Sick pay or disability pay</font>
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</TD>
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<TD
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<font color="#0000ff">A payment to you to replace your regular wages while you are temporarily absent from work due to sickness or personal injury. This does not usually include Workers' Compensation, Accident and Health Insurance Benefits, or Compensatory Damages.</font>
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</TD>
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</TR>
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<TR>
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<TD
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<font color="#0000ff"><b> F1040 \ </b>N483<br>Social Security inc., spouse</font>
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</TD>
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<TD
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<font color="#0000ff">Net social security benefits your spouse receives reported on Form SSA-1099. A maximum of 85% of benefits may be taxable if income exceeds $44,000 for married joint; $34,000 for all others except $0 if married separate AND living together this year.</font>
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</TD>
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</TR>
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<TR>
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<TD
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<font color="#0000ff"><b> F1040 \ </b>N266<br>Social Security income, self</font>
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</TD>
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<TD
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<font color="#0000ff">Net social security benefits you receive reported on Form SSA-1099. A maximum of 85% of benefits may be taxable if income exceeds $44,000 (married filing joint); $34,000 (all others) except $0 (married separate AND living together this year.)</font>
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</TD>
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</TR>
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<TR>
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<TD
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<font color="#0000ff"><b> F1040 \ </b>N260<br>State and local tax refunds</font>
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</TD>
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<TD
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<font color="#0000ff">Refund of state or local taxes which you deducted as an itemized deduction in a prior year.If you did not itemize and take a deduction for state and local taxes last year, you do not need to report the refund as income. Reported to you on a 1099-G.</font>
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</TD>
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</TR>
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<TR>
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<TD
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<font color="#0000ff"><b> F1040 \ </b>N269<br>Taxable fringe benefits</font>
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</TD>
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<TD
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<font color="#0000ff">The most common taxable fringe benefits are the value of your personal use of a company-provided car or a membership in a country or health club. Generally, your employer determines the amount of fringe benefits and includes it in your wages.</font>
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</TD>
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</TR>
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<TR>
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<TD
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<font color="#0000ff"><b> F1099-G \ </b>N672<br>Qualified state tuition earnings</font>
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</TD>
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<TD
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<font color="#0000ff">The amount of qualified state tuition earnings that was distributed to you.</font>
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</TD>
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</TR>
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<TR>
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<TD
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<font color="#0000ff"><b> F1099-G \ </b>N260<br>State and local tax refunds</font>
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</TD>
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<TD
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<font color="#0000ff">Refund of state or local taxes which you deducted as an itemized deduction in a prior year.If you did not itemize and take a deduction for state and local taxes last year, you do not need to report the refund as income. Reported to you on a 1099-G.</font>
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</TD>
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</TR>
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<TR>
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<TD
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<font color="#0000ff"><b> F1099-G \ </b>N479<br>Unemployment compensation</font>
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</TD>
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<TD
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<font color="#0000ff">Payments received as Unemployment Compensation from federal or state sources are taxable on your federal tax return.</font>
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</TD>
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</TR>
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<TR>
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<TD
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<font color="#0000ff"><b> F1099-MISC \ </b>N562<br>Crop insurance proceeds</font>
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</TD>
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<TD
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<font color="#0000ff">The amount of crop insurance proceeds received by farmers from insurance companies unless the expenses were capitalized under section 278, 263A, or 447.</font>
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</TD>
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</TR>
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<TR>
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<TD
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<font color="#0000ff"><b> F1099-MISC \ </b>N559<br>Fishing boat proceeds</font>
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</TD>
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<TD
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<font color="#0000ff">The amount of your share of all proceeds from the sale of a catch or the fair market value of a distribution in kind received as a crew member of a fishing boat.</font>
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</TD>
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</TR>
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<TR>
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<TD
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<font color="#0000ff"><b> F1099-MISC \ </b>N560<br>Medical/health payments</font>
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</TD>
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<TD
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<font color="#0000ff">The amount of medical and health care payments you received as a physician or other supplier/provider of medical and health care services.</font>
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</TD>
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</TR>
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<TR>
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<TD
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<font color="#0000ff"><b> F1099-MISC \ </b>N561<br>Nonemployee compensation</font>
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</TD>
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<TD
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<font color="#0000ff">The amount of nonemployee compensation received for services performed. This may include fees, commissions, prizes and awards, the value of bartered services, directors' fees, and gross oil and gas payments for a working interest.</font>
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</TD>
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</TR>
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<TD
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<font color="#0000ff"><b> F1099-MISC \ </b>N557<br>Other income</font>
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</TD>
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<TD
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<font color="#0000ff">The amount or FMV of prizes and awards received, but not for services performed. This may include game show winnings, punitive damages from cases without physical injury or sickness, or deceased employee's wages paid to their estate or beneficiary.</font>
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</TD>
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</TR>
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<TR>
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<TD
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<font color="#0000ff"><b> F1099-MISC \ </b>N259<br>Prizes and awards</font>
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</TD>
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<TD
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<font color="#0000ff">Cash or fair market value of property received as a prize in a television or radio quiz program, beauty contest or lottery.</font>
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</TD>
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</TR>
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<TD
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<font color="#0000ff"><b> F1099-MISC \ </b>N555<br>Rents</font>
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</TD>
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<TD
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<font color="#0000ff">The amount of rent payments received from a trade or business.</font>
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</TD>
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</TR>
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<TD
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<font color="#0000ff"><b> F1099-MISC \ </b>N556<br>Royalties</font>
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</TD>
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<TD
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<font color="#0000ff">The amount of royalty payments received from copyrights, patents, and oil, gas, and mineral properties.</font>
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</TD>
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</TR>
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<TR>
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<TD
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<font color="#0000ff"><b> F1099-MSA \ </b>N632<br>MSA earnings on excess contrib</font>
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</TD>
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<TD
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<font color="#0000ff">The earnings on excess contributions made to your qualified Medical Savings Account. This amount is always taxable.</font>
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</TD>
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</TR>
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<TR>
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<TD
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<font color="#0000ff"><b> F1099-MSA \ </b>N631<br>MSA gross distribution</font>
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</TD>
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<TD
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<font color="#0000ff">The gross amount of distributions made from a qualified Medical Savings Account. The distributions can be made to you or to a provider on your behalf.</font>
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</TD>
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</TR>
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<TR>
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<TD
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<font color="#0000ff"><b> F1099-R \ </b>N623<br>SIMPLE total gross distrib.</font>
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</TD>
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<TD
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<font color="#0000ff">The gross amount of a distribution received from a qualified SIMPLE pension plan.</font>
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</TD>
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</TR>
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<TR>
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<TD
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<font color="#0000ff"><b> F1099-R \ </b>N624<br>SIMPLE total taxable distrib.</font>
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</TD>
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<TD
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<font color="#0000ff">The taxable amount of a distribution received from a qualified SIMPLE plan. This amount may be subject to a federal penalty of up to 25%.</font>
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</TD>
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</TR>
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<TR>
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<TD
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<font color="#0000ff"><b> F1099-R \ </b>N477<br>Total IRA gross distrib.</font>
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</TD>
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<TD
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<font color="#0000ff">The gross amount of a distribution from a qualified Individual Retirement Arrangement (IRA) plan.</font>
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</TD>
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</TR>
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<TR>
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<TD
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<font color="#0000ff"><b> F1099-R \ </b>N478<br>Total IRA taxable distrib.</font>
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</TD>
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<TD
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<font color="#0000ff">The taxable amount of a distribution from a qualified Individual Retirement Arrangement (IRA) plan.</font>
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</TD>
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</TR>
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<TR>
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<TD
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<font color="#0000ff"><b> F1099-R \ </b>N475<br>Total pension gross distrib.</font>
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</TD>
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<TD
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<font color="#0000ff">The gross amount of a distribution from a qualified pension or annuity plan. Do not include IRA distributions here.</font>
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</TD>
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</TR>
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<TR>
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<TD
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>
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<font color="#0000ff"><b> F1099-R \ </b>N476<br>Total pension taxable dist.</font>
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</TD>
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<TD
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<font color="#0000ff">The taxable amount of a distribution from a qualified pension or annuity plan. Do not include IRA distributions here.</font>
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</TD>
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</TR>
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<TR>
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<TD
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<font color="#0000ff"><b> F2106 \ </b>N387<br>Reimb. exp. (non-meal/ent.)</font>
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</TD>
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<TD
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left
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<font color="#0000ff">Reimbursement for business expenses from your employer that is NOT included on your Form W-2.</font>
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</TD>
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</TR>
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<TR>
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<TD
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<font color="#0000ff"><b> F2106 \ </b>N388<br>Reimb. meal/entertainment exp.</font>
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</TD>
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<TD
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left
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<font color="#0000ff">Reimbursement for meal expenses from your employer that is NOT included on your Form W-2.</font>
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</TD>
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</TR>
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<TR>
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<TD
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<font color="#0000ff"><b> F4137 \ </b>N505<br>Total cash/tips received</font>
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</TD>
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<TD
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left
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>
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<font color="#0000ff">The amount of tips you did not report to your employer on time or did not report at all.</font>
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</TD>
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</TR>
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<TR>
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<TD
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<font color="#0000ff"><b> F4684 \ </b>N416<br>FMV after casualty</font>
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</TD>
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<TD
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<font color="#0000ff">The fair market value (FMV) is the price at which the property would change hands between a willing buyer and seller. The FMV after a theft is zero if the property is not recovered. The FMV after a casualty should be determined by competent appraisal.</font>
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</TD>
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</TR>
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<TR>
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<TD
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<font color="#0000ff"><b> F4684 \ </b>N415<br>FMV before casualty</font>
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</TD>
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<TD
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<font color="#0000ff">The fair market value (FMV) is the price at which the property would change hands between a willing buyer and seller - neither being compelled to buy or sell. FMV is generally determined by competent appraisal.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
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<TD
|
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align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b> F4684 \ </b>N414<br>Insurance/reimbursement</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">The amount of insurance or other reimbursement you received.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b> F4835 \ </b>N573<br>Agricultural program paymnts</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">Government payments received for price support payments, diversion payments, cost-share payments (sight drafts), payments in the form of materials or services, face value of commodity credit certificates. Usually reported to you on Form 1099-G.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
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align=
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|
left
|
|
>
|
|
<font color="#0000ff"><b> F4835 \ </b>N575<br>CCC loans forfeited/repaid</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">The full amount forfeited or repaid with certificates, even if you reported the loan proceeds as income. Refer to IRS Pub 225 for more information on tax consequences of forfeiting CCC loans and repaying CCC loans with certificates.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
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align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b> F4835 \ </b>N574<br>CCC loans reported/election</font>
|
|
</TD>
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<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">Commodity Credit Corp. loan proceeds are generally not reported as income. If you pledge part/all of production to secure a CCC loan, you may elect to report loan proceeds as income in the year received instead of the year the crop is sold.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
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align=
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|
left
|
|
>
|
|
<font color="#0000ff"><b> F4835 \ </b>N577<br>Crop ins. proceeds deferred</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">If this is the year of damage and you receive crop insurance proceeds, you may elect to include insurance proceeds in the following year's income. A statement must also be attached to your return. Refer to IRS Pub 225 for more information.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b> F4835 \ </b>N576<br>Crop ins. proceeds rec'd</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">In general, you must report crop insurance proceeds in the year you receive them. Federal crop disaster payments are treated as crop insurance proceeds.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b> F4835 \ </b>N578<br>Other income</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">Other farm income may include illegal federal irrigation subsidies, bartering income, debt forgiveness, gasoline or fuel tax refunds or credits, gains from sales of commodity futures contracts, payments for granting easements and right-of-way, etc.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b> F4835 \ </b>N571<br>Sale of livestock/produce</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">Livestock or crop share rentals you received and converted into money or its equivalent during the year whether you use the cash or accrual method of reporting. Equivalents may include crop shares used to feed livestock and those you give to others.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b> F4835 \ </b>N572<br>Total co-op distributions</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">Income in the form of patronage dividends, nonpatronage distributions, per-unit retain allocations, and redemption of nonqualified notices and per-unit retain allocations. These are reported to you on Form 1099-PATR.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b> F6252 \ </b>N429<br>Debt assumed by buyer</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">The amount of mortgages or other debts the buyer assumed or took the property subject to. Do not include a second trust deed taken by the seller or any new mortgages the buyer gets from a bank, from you, or other sources.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b> F6252 \ </b>N431<br>Depreciation allowed</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">All depreciation or amortization you deducted or should have deducted from the date of purchase until date of sale. Include any section 179 expense deduction.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b> F6252 \ </b>N435<br>Payments rec'd prior years</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">Money and fair market value (FMV) of property you received before this tax year for the sale. FMV is the amount a willing buyer and seller would pay - neither being compelled to buy or sell. IRS Pub 551 has more information on FMV.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b> F6252 \ </b>N434<br>Payments rec'd this year</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">The amount of money you received this year. This includes any down payment as well as the principal portion of any installment payments. Do not include the amount that is interest. (Interest is reported on Schedule B.)</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b> F6252 \ </b>N428<br>Selling price</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">Total of any money, face amount of the installment obligation, and the fair market value of other property you receive in exchange for the property sold. Include any existing mortgage or other debt the buyer assumed or took the property subject to.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b> F8815 \ </b>N444<br>EE US svgs. bonds proceeds</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">The total proceeds from all series EE U.S. savings bonds issued after 1989 you cashed during this tax year. Include both principal and interest.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b> F8815 \ </b>N443<br>Nontaxable ed. benefits</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">Non-taxable benefits received, such as scholarship or fellowship grants excludable from income and veterans' and employer-provided educational assistance benefits. Do not include non-taxable benefits paid directly to or by the educational institution.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b> F8815 \ </b>N445<br>Post-89 EE bond face value</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">The face value of all post-1989 bonds cashed this tax year.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b> F8863 \ </b>N637<br>Hope credit</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">The amount of qualified tuition and enrollment fees for the Hope credit. The credit applies only to tuition paid for the first two years of a student's post-secondary education. You may qualify for up to $1500 per student.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b> F8863 \ </b>N638<br>Lifetime learning credit</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">The amount of qualified tuition and enrollment fees for the Lifetime Learning credit. The credit for lifetime learning applies to post-June 30, '98 expenses for education beginning after that date. </font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b> Home Sale \ </b>N393<br>Selling price of old home</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">The gross sales price of your old home. Generally includes the amount of money you received, plus all notes, mortgages, or other debts that are part of the sale. Total is usually reported to you on Form 1099-S, Proceeds from Real Estate Transactions.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b>^ Sched B \ </b>N488<br>Div. income, cap gain distrib.</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">These distributions represent your share of the fund's long-term profits on sales of securities and are taxable income. Your monthly statements or Form 1099-DIV should designate which dividends are capital gain distributions.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b>< Sched B \ </b>N487<br>Div. income, non-taxable</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">Mutual funds pay shareholders several kinds of dividends. Refer to your monthly statements or Form 1099-DIV for the amount of non-taxable dividends paid to you.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b>^ Sched B \ </b>N286<br>Dividend income</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">Ordinary (taxable) dividends are the most common type of distribution from a corporation. They are reported to you on a 1099-DIV. Do not include capital gain distributions or non-taxable dividends here.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b>< Sched B \ </b>N492<br>Int. inc., OID bonds</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">Generally, part of the original issue discount (OID) on these bonds must be reported as interest income each year you hold the bond. The issuer of the bond will make the OID computation and report it on Form 1099-OID.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b>< Sched B \ </b>N490<br>Int. inc., taxed only by fed</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">Interest income that is taxed on your federal return, but not on your state income tax return - other than interest paid on U.S. obligations.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b>< Sched B \ </b>N491<br>Int. inc., taxed only by state</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">Interest income that is not taxed on your federal return, but is taxed on your state income tax return - other than interest income from state bonds or notes, the District of Columbia, or a possession of the United States.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b>< Sched B \ </b>N489<br>Int. income, non-taxable</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">Non-taxable interest income other than from bonds or notes of states, counties, the District of Columbia, or a possession of the United States, or from a qualified private activity bond.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b>< Sched B \ </b>N287<br>Interest income</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">Taxable interest includes interest you receive from bank accounts, credit unions, loans you made to others. Assign interest from U.S. obligations such as Treasury bills, notes, and bonds to the tax line 'US govt interest'.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b>< Sched B \ </b>N524<br>Seller-financed mortgage int.</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">Interest you receive on a take-back mortgage or other form of seller-financing that resulted from the sale of your home or other property. The buyer used the property as a personal residence.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b>< Sched B \ </b>N289<br>State and muni bond interest</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">Generally, you do not pay federal income tax (but you may pay state income tax) on interest on bonds or notes of states, counties, the District of Columbia, or possessions of the United States. Report non-taxable interest on Schedule B.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b>< Sched B \ </b>N290<br>TE private activity bond int.</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">Interest income from a qualified tax-exempt private activity bond is not taxable if it meets all requirements. This income is included on your Schedule B as non-taxable interest income.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b>< Sched B \ </b>N288<br>US government interest</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">Interest on U.S. obligations, such as U.S. Treasury bills, notes, and bonds issued by any agency or instrumentality of the United States are taxable on your federal return. This income is exempt from all state and local income taxes.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b> Sched C \ </b>N293<br>Gross receipts or sales</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">Gross receipts or sales from your business before deducting adjustments for returns and allowances and cost of goods sold.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b> Sched C \ </b>N303<br>Other business income</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">Miscellaneous income related to your trade or business that is not included in gross receipts (e.g., bad debts you recovered, scrap sales, interest on notes or accounts receivable). Interest earned on business bank accounts is included on Schedule B.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b># Sched D \ </b>N323<br>LT gain/loss - security</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">Long-term gain or loss from the sale of a security. If you use the Investment Tracking that is available in Quicken, you should not need to assign any of your categories to this tax line.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b># Sched D \ </b>N321<br>ST gain/loss - security</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">Short-term gain or loss from the sale of a security. If you use the Investment Tracking that is available in Quicken, you should not need to assign any of your categories to this tax line.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b># Sched D \ </b>N810<br>ST/LT gain or loss</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"></font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b> Sched E \ </b>N326<br>Rents received</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">Payment for the use or occupation of property, including monthly rent for an apartment, house, garage; advance rent; payment for canceling a lease; expenses paid by the tenant. Do not include security deposit until it is forfeited by the tenant.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b> Sched E \ </b>N327<br>Royalties received</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">Royalties received from copyrights, patents, and oil, gas, and mineral properties are included as ordinary income.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b> Sched F \ </b>N372<br>Agricultural program payments</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">Government payments received for price support payments, diversion payments, cost-share payments (sight drafts), payments in the form of materials or services, face value of commodity credit certificates. Usually reported to you on Form 1099-G.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b> Sched F \ </b>N374<br>CCC loans forfeited or repaid</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">The amount forfeited or repaid with certificates, even if you reported the loan proceeds as income. Refer to IRS Pub 225 for more information on tax consequences of forfeiting CCC loans and repaying CCC loans with certificates.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b> Sched F \ </b>N373<br>CCC loans reported/election</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">Commodity Credit Corp. loan proceeds are generally not reported as income. If you pledge part/all of your production to secure a CCC loan, you may elect to report loan proceeds as income in the year received instead of the year the crop is sold.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b> Sched F \ </b>N376<br>Crop ins. proceeds deferred</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">If this is the year of damage and you received crop insurance proceeds, you may elect to include insurance proceeds in the following year's income. A statement must also be attached to your return. Refer to IRS Pub 225 for more information.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b> Sched F \ </b>N375<br>Crop ins. proceeds received</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">In general, you must report crop insurance proceeds in the year you receive them. Federal crop disaster payments are treated as crop insurance proceeds.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b> Sched F \ </b>N370<br>Custom hire income</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">The income you receive for work that you or your hired help perform as contract work or custom work done for others, or for the use of your property or machines.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b> Sched F \ </b>N377<br>Other farm income</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">Other farm income may include illegal federal irrigation subsidies, bartering income, debt forgiveness, state gasoline or fuel tax refund, gains from sales of commodity futures contracts, payments for granting easements and right-of-way, etc.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b> Sched F \ </b>N369<br>Resales of livestock/items</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">Amounts you received from the sales of livestock and other items you bought specifically for resale. Do not include sales of livestock held for draft, breeding, sport or dairy purposes. These are reported on Form 4797, Sales of Business Property.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b> Sched F \ </b>N368<br>Sales livestock/product raised</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">Amounts you received from the sale of livestock, produce, grains, and other products you raised.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b> Sched F \ </b>N371<br>Total co-op. distributions</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">Income in the form of patronage dividends, nonpatronage distributions, per-unit retain allocations, and redemption of nonqualified notices and per-unit retain allocations. These are reported to you on Form 1099-PATR.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b> Sched K-1 \ </b>N452<br>Dividends</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">The amount of dividend income reported to you by the partnership on line 4b of the Schedule K-1.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b> Sched K-1 \ </b>N455<br>Guaranteed partner payments</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">A partnership treats payments or credits to a partner for services (or for use of capital) as guaranteed payments. The payments are deductible by the partnership as a business expense and reported to you on line 5 of the Schedule K-1.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b> Sched K-1 \ </b>N451<br>Interest income</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">The amount of interest income reported to you by the partnership on line 4a of the Schedule K-1.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b># Sched K-1 \ </b>N454<br>Net LT capital gain or loss</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">The long-term gain or (loss) from the sale of assets reported to you by the partnership on line 4e of the Schedule K-1.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b># Sched K-1 \ </b>N453<br>Net ST capital gain or loss</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">The short-term gain or (loss) from sale of assets reported to you by the partnership on line 4d of Schedule K-1.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b># Sched K-1 \ </b>N456<br>Net Section 1231 gain or loss</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">The gain or (loss) from sale of Section 1231 assets reported to you on line 6 of the Schedule K-1.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b># Sched K-1 \ </b>N448<br>Ordinary income or loss</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">Your share of the ordinary income (loss) from the trade or business activities of the partnership. You cannot have a loss greater than your basis in the partnership. This amount is reported to you on line 1 of the Schedule K-1.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b># Sched K-1 \ </b>N450<br>Other rental income or loss</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">The income or (loss) from rental activities, other than the rental of real estate. This amount is reported to you on line 3 of the Schedule K-1.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b># Sched K-1 \ </b>N449<br>Rental RE income or loss</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">The income or (loss) from rental real estate activities engaged in by the partnership. This amount is reported to you on line 2 of the Schedule K-1.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b> Sched K-1 \ </b>N527<br>Royalties</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">Your share of the royalty income reported to you by the partnership on line 4c of the Schedule K-1.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b> Sched K-1 \ </b>N528<br>Tax-exempt interest income</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">Your share of tax-exempt interest income received or accrued by the partnership reported to you on line 19 of Schedule K-1.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b> W-2 \ </b>N465<br>Dep. care benefits, self</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">The amount your employer paid or provided to you or someone else on your behalf for child and dependent care. (Use the line 'Dep. care benefits, spouse' below for the dependent care benefits your spouse receives.)</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b> W-2 \ </b>N512<br>Dep. care benefits, spouse</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">The amount your spouse's employer paid or provided to your spouse or to someone else on his/her behalf for child and dependent care.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b> W-2 \ </b>N546<br>Reimbursed moving exp.,spouse</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">Amounts received from your spouse's employer to reimburse them for qualified moving expenses. Under new law, reimbursements may be excludable from taxable income. Do not include here if reimbursements are already included in spouse's wages.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b> W-2 \ </b>N267<br>Reimbursed moving expenses</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">Amounts received from your employer to reimburse you for qualified moving expenses. Under new law, reimbursements may be excludable from taxable income. Do not include here if reimbursements are already included in your wages.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b> W-2 \ </b>N460<br>Salary or wages, self</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">The amount of gross wages, tips and other compensation you receive from your employer. (Use the line 'Salary or wages, spouse' below for your spouse's wages.)</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b> W-2 \ </b>N506<br>Salary or wages, spouse</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">The amount of gross wages, tips and other compensation your spouse receives from his/her employer.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff"><b> W-2G \ </b>N549<br>Gross winnings</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#0000ff">The amount of gross winnings from gambling. This may include winnings from horse racing, dog racing, jai alai, lotteries, keno, bingo, slot machines, sweepstakes, and wagering pools.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> none \ </b>N000<br>Tax Report Only - No TXF Export</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">This is a dummy category and only shows up on the tax report, but is not exported.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F1040 \ </b>N264<br>Alimony paid</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Alimony or spousal support payments paid to a former spouse. Do not include child support payments since they are not deductible.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b>< F1040 \ </b>N265<br>Early withdrawal penalty</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The penalty charged to withdraw funds from a time savings account before maturity. Do not reduce total interest earned on that account by the penalty amount. You may deduct the entire penalty even if it exceeds your interest income.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F1040 \ </b>N521<br>Federal estimated tax, qrtrly</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The quarterly payments you make to the IRS to cover the estimated tax due on income that is not subject to withholding (e.g., self-employment income, unemployment compensation, gains from sales of assets). NOTE: If a full year (Jan 1, YEAR to Dec 31, YEAR) is specified, the date is adjusted to Mar 1, YEAR to Feb 28, YEAR+1. Thus, the payment due Jan 15 is exported for the correct year.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F1040 \ </b>N613<br>Fed tax w/h, RR retire,self</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The amount of federal income taxes withheld from your tier 1 railroad retirement benefits. (Use the line, 'Fed tax w/h, RR retire, spouse' below for federal withholding from your spouse's tier 1 railroad retirement benefits.)</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F1040 \ </b>N611<br>Fed tax w/h, Soc. Sec.,self</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The amount of federal income taxes withheld from your social security benefits. (Use the line, 'Fed tax w/h, Soc. Sec., spouse' below for federal withholding from your spouse's social security benefits.)</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F1040 \ </b>N614<br>Fed tax w/h,RR retire,spouse</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The amount of federal income taxes withheld from your spouse's social security benefits. (Use the line, 'Fed tax w/h, RR retire, self.' above for federal withholding from your tier 1 railroad retirement benefits.)</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F1040 \ </b>N612<br>Fed tax w/h,Soc. Sec.,spouse</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The amount of federal income taxes withheld from your spouse's social security benefits. (Use the line, 'Fed tax w/h, Soc. Sec., self.' above for federal withholding from your social security benefits.)</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F1040 \ </b>N482<br>IRA contrib., non-work spouse</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The total combined contribution you can make each year to a qualified IRA on a joint return is $4,000.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F1040 \ </b>N262<br>IRA contribution, self</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The maximum contribution to a qualified IRA is $2,000 per year. If you or your spouse are covered by a company retirement plan, this amount could be limited or eliminated.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F1040 \ </b>N481<br>IRA contribution, spouse</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The maximum contribution to your spouse's qualified IRA is $2,000 per year. If you or your spouse are covered by a company retirement plan, the deductible contribution could be limited or eliminated.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F1040 \ </b>N263<br>Keogh deduction, self</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Contributions made to a H.R.10 (Keogh) Plan of a sole proprietor or partnership. Depending on the type of plan, the deduction limit for a self-employed person is generally the smaller of $30,000 or a percentage of taxable compensation.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F1040 \ </b>N516<br>Keogh deduction, spouse</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Spouse contributions to a H.R.10 (Keogh) Plan set up by a sole proprietor or partnership. Depending on the type of plan, the deduction limit for a self-employed person is generally the smaller of $30,000 or a percentage of taxable compensation.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F1040 \ </b>N608<br>Med savings contrib., spouse</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Contributions made to your spouse's medical savings account that were not reported on their Form W-2.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F1040 \ </b>N607<br>Med savings contribution,self</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Contributions made to your medical savings account that were not reported on your Form W-2.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F1040 \ </b>N517<br>SEP deduction, self</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Contributions made to a simplified employee pension plan (SEP) set up by a sole proprietor or partnership. The deduction limit for a self-employed person is the lesser of $30,000 or a percentage of taxable compensation.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F1040 \ </b>N518<br>SEP deduction, spouse</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Spouse contributions made to a simplified employee pension plan (SEP) set up by a sole proprietor or partnership. The deduction limit for a self-employed person is the lesser of $30,000 or a percentage of taxable compensation.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F1040 \ </b>N609<br>SIMPLE contribution, self</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Contributions made to your SIMPLE retirement plan that were not reported on your Form W-2.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F1040 \ </b>N610<br>SIMPLE contribution, spouse</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Contributions made to your spouse's SIMPLE retirement plan that were not reported on their Form W-2.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F1040 \ </b>N636<br>Student loan interest</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Amount of interest you paid this year on qualified student loans. This deduction is an adjustment to income so you can claim it even if you do not itemize your deductions on Schedule A. See IRS Publication 970.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F1099-G \ </b>N606<br>Fed tax w/h, unemplymt comp</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The amount of federal income taxes withheld from your unemployment compensation.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F1099-G \ </b>N605<br>Unemployment comp repaid</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The amount of unemployment compensation that you repaid to the federal or state government during the current year.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F1099-MISC \ </b>N558<br>Federal tax withheld</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The amount of federal income tax withheld (backup withholding) from 1099-MISC income.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F1099-MISC \ </b>N563<br>State tax withheld</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The amount of state income tax withheld (state backup withholding) from 1099-MISC income.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F1099-R \ </b>N532<br>IRA federal tax withheld</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The amount of federal income taxes withheld from your IRA distribution.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F1099-R \ </b>N534<br>IRA local tax withheld</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The amount of local income taxes withheld from your IRA distribution.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F1099-R \ </b>N533<br>IRA state tax withheld</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The amount of state income taxes withheld from your IRA distribution.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F1099-R \ </b>N529<br>Pension federal tax withheld</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The amount of federal income taxes withheld from your pension distribution.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F1099-R \ </b>N531<br>Pension local tax withheld</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The amount of local income taxes withheld from your pension distribution.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F1099-R \ </b>N530<br>Pension state tax withheld</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The amount of state income taxes withheld from your pension distribution.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F1099-R \ </b>N625<br>SIMPLE federal tax withheld</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The amount of federal income taxes withheld from a SIMPLE distribution received.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F1099-R \ </b>N627<br>SIMPLE local tax withheld</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The amount of local income taxes withheld from a SIMPLE distribution received.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F1099-R \ </b>N626<br>SIMPLE state tax withheld</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The amount of state income taxes withheld from a SIMPLE distribution received.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F2106 \ </b>N382<br>Automobile expenses</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Operating costs of your business vehicle: gas, oil, tires, repairs, insurance, etc.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F2106 \ </b>N381<br>Education expenses</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Cost of tuition, books, fees, transportation if the education is required by your employer or maintains or improves current job skills. Cost of courses preparing you for a new profession or meeting minimum requirements of your job are not deductible.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F2106 \ </b>N391<br>Employee home office expenses</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Business portion of the operating expenses of your home. You must use part of your home regularly and exclusively for business. The use must be for the convenience of the employer and not just helpful in your job. Refer to IRS Pub 587.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F2106 \ </b>N389<br>Job seeking expenses</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Expenses incurred in looking for a new job in your present occupation, even if you do not get a new job. Include employment and outplacement agency fees; costs to type, print, and mail copies of your resume; transportation and travel expenses.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F2106 \ </b>N384<br>Local transportation exp.</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Amounts for parking fees, tolls, and local transportation costs that are ordinary and necessary for your trade or profession. Generally, the cost of commuting to and from your regular place of work is not deductible.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F2106 \ </b>N386<br>Meal/entertainment expenses</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Ordinary and necessary business-related meals and entertainment, including meals while away from your tax home overnight and local business meals and entertainment expenses. This area is closely scrutinized by IRS. Keep detailed records.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F2106 \ </b>N385<br>Other business expenses</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Ordinary and necessary business expenses such as business gifts, trade or professional publications.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F2106 \ </b>N390<br>Special clothing expenses</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Cost and upkeep of work clothes only if you must wear them as a condition of employment AND they are not suitable for everyday wear. The cost of required protective clothing (safety shoes, glasses, boots, hard hats, work gloves) are also deductible.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F2106 \ </b>N383<br>Travel (away from home)</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Amount of travel expenses incurred while away from your tax home overnight, including lodging, airplane, car rental, etc. Do not include meal and entertainment expenses here.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b>< F2441 \ </b>N401<br>Qualifying childcare expenses</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The amounts you paid to child care provider(s) to care for your child (under age 13) or qualifying person. This does not include the cost of clothing, entertainment, schooling for a child in the first grade or above, nor expenses for overnight camp.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b>< F2441 \ </b>N402<br>Qualifying household expenses</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The cost of services needed to care for the qualifying person as well as to run the home. They include the services of a cook, maid, babysitter, housekeeper, or cleaning person if the services were partly for the care of the qualifying person.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F3903 \ </b>N406<br>Transport/storage of goods</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The actual cost to pack, crate and move your household goods and personal effects. You may include the cost to store and insure household goods and personal effects within any period of 30 days in a row after the items were moved from your old home.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F3903 \ </b>N407<br>Travel/lodging, except meals</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The costs of travel from your old home to your new home. Include transportation and lodging, but not meals, on the way. Although not all members of your household must travel together, you may only include expenses for one trip each.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F4684 \ </b>N413<br>Basis of casualty property</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The original cost plus the cost of improvements. Refer to IRS Pub 551 for special rules that apply to property received as a gift or by inheritance.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F4835 \ </b>N579<br>Car and truck expenses</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Include the business portion of car or truck gas/oil, repairs, insurance, interest, taxes, tires, etc. Your tax software should compare these actual expenses to the standard mileage rate and calculate the larger allowable deduction.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F4835 \ </b>N580<br>Chemicals</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Chemicals used in the farming operation such as insect sprays and dusts.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F4835 \ </b>N581<br>Conservation expenses</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Costs incurred to conserve soil or water or to prevent erosion of land. These expenses must be consistent with a conservation plan approved by the Soil Conservation Service of the Dept. of Agriculture.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F4835 \ </b>N582<br>Custom hire expenses</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Amounts you paid for custom hire or machine work (the machine operator furnished the equipment). Do not include amounts paid for rental or lease of equipment you operated yourself.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F4835 \ </b>N583<br>Employee benefit programs</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Amounts contributed to fringe benefit programs you provide for your employees - accident or health plans; educational assistance; group-term life insurance, and dependent care assistance programs. Do not include contributions you made on your behalf.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F4835 \ </b>N584<br>Feed purchased</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The cost of feed for livestock. If you pay in advance for feed the livestock will consume in a later year, refer to IRS Pub 225 to see if you qualify to deduct the total advance payment for feed in the year paid.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F4835 \ </b>N585<br>Fertilizers and lime</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The cost of lime, fertilizers and other materials applied to farmland to enrich, neutralize or condition it and the costs of applying these materials. Refer to IRS Pub 225 for more information on prepaid farm supplies.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F4835 \ </b>N586<br>Freight and trucking</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Freight costs or the expense of trucking produce or livestock. Do not include freight costs for livestock purchased and held for resale.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F4835 \ </b>N587<br>Gasoline, fuel, and oil</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The costs of gas, fuel, oil, etc. for farm equipment.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F4835 \ </b>N588<br>Insurance (other than health)</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Premiums paid for fire, storm, crop, theft and liability protection of farm assets and premiums for health, accident, and worker's compensation insurance for your employees.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F4835 \ </b>N589<br>Interest expense, mortgage</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Interest paid to a financial institution on a mortgage on real property used in your farming business. If you paid interest on a debt secured by your main home, and any proceeds from that debt were used in your farming operation, refer to IRS Pub 225.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F4835 \ </b>N590<br>Interest expense, other</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Interest paid to a recipient other than a financial institution or on other loans related to the farm. Do not deduct interest you prepaid for later years.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F4835 \ </b>N591<br>Labor hired</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Reasonable wages paid for regular farm work, piecework, contract labor and other forms of labor hired to perform your farming operations. Do not include amounts you paid to yourself.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F4835 \ </b>N602<br>Other expenses</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The cost of other expenses directly related to your farm rental that may not be applicable to the other tax lines of Form 4835 (e.g., dues and subscriptions, advertising, legal and accounting, etc.).</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F4835 \ </b>N592<br>Pension/profit-sharing plans</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Contributions you have made to any employee pension, profit-sharing, or annuity plan for this farm rental. Do not include amounts contributed for your own benefits (your SEP or Keogh).</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F4835 \ </b>N594<br>Rent/lease land, animals</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Amounts paid to rent or lease property such as pasture or farm land.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F4835 \ </b>N593<br>Rent/lease vehicles, equip.</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The business portion of rental or lease payments for vehicles, machinery, or equipment. If renting or leasing a vehicle for 30 days or more, refer to IRS Pub 535 for inclusion amount information.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F4835 \ </b>N595<br>Repairs and maintenance</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Amounts paid for repairs/maintenance of farm buildings, machinery, equipment. Include tools of short life or minimal cost (eg., shovels or rakes). Repairs that increase the value or useful life or adapt the property to a different use are depreciated.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F4835 \ </b>N596<br>Seeds and plants purchased</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The amounts paid for seeds and young plants bought for further development and cultivation before sale.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F4835 \ </b>N597<br>Storage and warehousing</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Amounts paid as rent to store or warehouse crops, grains, etc.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F4835 \ </b>N598<br>Supplies purchased</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Amounts paid for incidental supplies or small tools having a useful life less than one year used in the farming operation. Other supplies could include stamps, stationery, farm magazines, and similar office supplies.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F4835 \ </b>N599<br>Taxes</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Real estate or personal property taxes paid on farm property such as equipment, animals, buildings, land. Also include your portion of employment taxes you pay for employees. Federal highway use tax paid on trucks or truck-tractors is deductible.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F4835 \ </b>N600<br>Utilities</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The cost of electricity, water, gas, etc., used in the farming operation. Do not include the cost of utilities for personal use or the base rate of the first telephone line into your residence.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F4835 \ </b>N601<br>Vet, breeding, medicine</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The costs of veterinary services, medicine and breeding fees are deductible when paid if you use cash basis accounting. If you use the accrual method, capitalize the breeding fees and allocate them to the cost basis of the foal, calf, etc.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F4952 \ </b>N426<br>Investment interest expense</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Amount of investment interest paid or accrued on a loan allocable to property held for investment (i.e., property that produces income from interest, dividends, annuities, or royalties; gains from disposition of property that produces income).</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F6252 \ </b>N432<br>Expenses of sale</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Sales commissions, advertising expenses, attorney and legal fees, escrow fees, title insurance and other selling expenses (usually found on the closing statement) connected with the sale of the property. Do NOT include real estate taxes or interest.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F8815 \ </b>N442<br>Qual. higher ed. expenses</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Qualified higher education expenses include only tuition and fees required for enrollment or attendance of the eligible person(s). Do not include room and board.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F8829 \ </b>N537<br>Deductible mortgage expense</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Total mortgage interest paid for your home, in which an area or room is used regularly and exclusively for business. Complete Form 8829 to compute the deductible business portion of home mortgage interest.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F8829 \ </b>N539<br>Insurance</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Total insurance paid for your home, in which an area or room is used regularly and exclusively for business. Complete Form 8829 to compute the deductible business portion of home insurance.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F8829 \ </b>N542<br>Other expenses</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">If you rent rather than own your home, include rent paid for your home, in which an area or room is used regularly and exclusively for business. Complete a Form 8829 to compute the deductible business portion of rent paid.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F8829 \ </b>N538<br>Real estate taxes</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Total real estate taxes paid for your home, in which an area or room is used regularly and exclusively for business. Complete Form 8829 to compute the deductible business portion of real estate taxes.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F8829 \ </b>N540<br>Repairs and maintenance</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Total repairs and maintenance paid for your home, in which an area or room is used regularly and exclusively for business. Complete Form 8829 to compute the deductible business portion of home repairs and maintenance.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F8829 \ </b>N541<br>Utilities</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Total utilities paid for your home, in which an area or room is used regularly and exclusively for business. Complete a Form 8829 to compute the deductible business portion of home utilities.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F8839 \ </b>N618<br>Adoption fees</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Reasonable and necessary adoption fees for the legal adoption of an eligible child under age 18, even if the adoption is unsuccessful. Your spouse's child, a surrogate child, or a foreign child are not eligible children.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F8839 \ </b>N620<br>Attorney fees</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Reasonable and necessary attorney fees you paid for the legal adoption of an eligible child, even if the adoption is unsuccessful. Your spouse's child, a surrogate child, or a foreign child are not eligible children.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F8839 \ </b>N619<br>Court costs</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Reasonable and necessary court costs you paid for the legal adoption of an eligible child, even if the adoption is unsuccessful. Your spouse's child, a surrogate child, or a foreign child are not eligible children.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F8839 \ </b>N622<br>Other expenses</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Other expenses you paid that are directly related to the legal adoption of an eligible child, even if the adoption is unsuccessful. Your spouse's child, a surrogate child, or a foreign child are not eligible children.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> F8839 \ </b>N621<br>Traveling expenses</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Traveling expenses you paid that are directly related to the legal adoption of an eligible child, even if the adoption is unsuccessful. Include meals and lodging in your reasonable and necessary traveling expenses.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Home Sale \ </b>N397<br>Cost of new home</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The cost of your new home including cash, the amount of a mortgage or other debt, purchase expenses, the cost of capital improvements incurred within the replacement period (usually from 2 years before to 2 years after the date of sale).</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Home Sale \ </b>N394<br>Expense of sale</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The total expenses you paid to sell your old home. These expenses include commissions, advertising, attorney and legal fees, title insurance, transfer and stamp taxes, and recording fees.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Home Sale \ </b>N396<br>Fixing-up expenses</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Fixing-up expenses (not capital improvements) paid to sell your old home. The work must be done during the 90-day period ending the day you signed the sales contract (not the listing contract) and paid no later than 30 days after the date of sale.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched A \ </b>N280<br>Cash charity contributions</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Donations by cash or check to religious, charitable, educational, scientific, literary, or philanthropic organizations. Obtain a written receipt from the charity when donating more than $250 at one time; a canceled check is not sufficient.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched A \ </b>N484<br>Doctors, dentists, hospitals</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Deductible medical service fees paid to doctors, dentists, surgeons; the cost of hospitalization and related fees (lab, therapy, etc.); medical insurance premiums paid. Only deduct actual out-of-pocket expenses less reimbursements. See IRS Pub 502.</font>
|
|
</TD>
|
|
</TR>
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|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched A \ </b>N272<br>Gambling losses</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Gambling losses are deductible as a miscellaneous deduction which is not subject to the 2% of AGI limitation. However, you can only deduct your gambling losses to the extent of gambling winnings you report as Other Income on Form 1040.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
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|
left
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|
>
|
|
<font color="#ff0000"><b> Sched A \ </b>N545<br>Home mortgage int. (no 1098)</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Interest you pay on a loan secured by your main home or a second home, but not paid to a financial institution or not reported to you on federal Form 1098, Mortgage Interest Statement.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
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|
left
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|
>
|
|
<font color="#ff0000"><b> Sched A \ </b>N283<br>Home mortgage interest (1098)</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Interest (or qualifying points) paid on a loan secured by your main home or a second home, including a mortgage, a second mortgage, a line of credit, and a home equity loan. Payments are reported to you on Form 1098, Mortgage Interest Statement.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched A \ </b>N282<br>Investment management fees</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Investment expenses are deductible as a miscellaneous deduction. These include investment fees, custodial fees, trust administration fees, and other expenses you paid for managing your investments that produce taxable income.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
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|
left
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|
>
|
|
<font color="#ff0000"><b> Sched A \ </b>N544<br>Local income taxes</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Local income taxes other than those withheld from your salary. (Assign local wage withholding to W-2 local tax withholding.) Include local income taxes you paid this year for a prior year.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
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|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched A \ </b>N274<br>Medical travel and lodging</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Amounts paid for transportation and lodging primarily for, and essential to, medical care provided by a doctor. Include mileage to and from doctor; taxi, ambulance; plane fare and lodging ($50 per night max per eligible person) to obtain medical care.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched A \ </b>N273<br>Medicine and drugs</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Amounts you pay for medicines and drugs that require a prescription by a doctor for yourself, spouse, children, or other qualifying dependent. Do not include the cost of over-the-counter medicines such as aspirin, cold remedies, vitamins.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched A \ </b>N523<br>Misc., no 2% AGI limit</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Other miscellaneous itemized deductions that are not reduced by 2% of adjusted gross income, such as federal estate tax on income in respect to a decedent, unrecovered investment in a pension, impairment-related work expenses of a disabled person.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched A \ </b>N486<br>Misc., subject to 2% AGI limit</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Examples: cost/upkeep of uniforms worn as a condition of employment, not worn away from work; union dues; job search expenses; education expenses; professional journal subscriptions. You may need to complete Form 2106, Employee Business Expenses.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched A \ </b>N485<br>Non-cash charity contributions</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The fair market value (FMV) of property donated to a charitable organization. If you donate used clothing, furniture, or appliances, the FMV is usually much less than your original cost.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched A \ </b>N277<br>Other taxes</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Other taxes paid not included under real estate or personal property taxes above. Example: foreign income and excess profits taxes. (These can be claimed as an itemized deduction or a credit against tax. Be sure to compare the tax savings.)</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched A \ </b>N535<br>Personal property taxes</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Taxes based on the value of the personal property and charged on a yearly basis. Most common is the auto registration fees charged by the DMV. All or part of the fee that represents a charge based on the value of the vehicle is deductible.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched A \ </b>N284<br>Points paid (no 1098)</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">If the loan is used to buy or improve your main home, you may be able to deduct the points in one year. Points paid to refinance your existing home loan must be deducted over the loan's life. Use this line for points not reported on Form 1098.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched A \ </b>N276<br>Real estate taxes</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">State, local or foreign taxes paid on real property. Taxes must be based on the assessed value of the real property. Do not include taxes charged for local benefits and improvements that increase the property's value (assessments for streets, etc.).</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched A \ </b>N522<br>State estimated tax, qrtrly</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The quarterly payments you make to your state taxing authority to cover the estimated tax due on income that is not subject to withholding (e.g., self-employment income, gains from sales of assets).</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched A \ </b>N275<br>State income taxes</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">State income taxes other than those withheld from your salary. (Assign state wage withholding to W-2 state tax withholding.) Include state income taxes you paid this year for a prior year.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched A \ </b>N271<br>Subscriptions</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Amounts paid for subscriptions to magazines or services that are directly related to the production or collection of taxable income. (e.g., subscriptions to investment publications, stock newsletters, etc.).</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b>< Sched B \ </b>N615<br>Fed tax w/h, dividend income</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The amount of federal income taxes withheld from dividend income. This is usually reported on Form 1099-DIV.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b>< Sched B \ </b>N616<br>Fed tax w/h, interest income</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The amount of federal income taxes withheld from interest income. This is usually reported on Form 1099-INT.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched A \ </b>N281<br>Tax preparation fees</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Fees paid to a tax professional to prepare your federal and state tax returns. These fees can also include the cost of tax preparation software programs and tax publications. Include any fee you paid for electronic filing of your return.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched C \ </b>N304<br>Advertising</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Reasonable costs of advertising your trade or business in newspapers, publications, radio or television. Also include cost of brochures, business cards, or other promotional material. Do not include advertising costs incurred to influence legislation.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched C \ </b>N305<br>Bad debts from sales/services</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">In order to take a bad debt deduction, you must show there was a true debtor-creditor relationship between you and the person who owes you money, the payments were previously included in income, the debt is worthless and steps were taken to collect.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched C \ </b>N306<br>Car and truck expenses</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Include the business portion of car or truck gas/oil, repairs, insurance, interest, taxes, tires, etc. Your tax software should compare these actual expenses to the standard mileage rate and calculate the larger allowable deduction.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched C \ </b>N307<br>Commissions and fees</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Fees or commissions paid to independent contractors (nonemployees) for services. Do not include any amounts already included as cost of goods sold. Remember, file Form 1099-MISC if you paid $600 or more to any individual during the year.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched C \ </b>N309<br>Depletion</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The only properties subject to depletion are oil or gas wells, exhaustible natural deposits and timber. This is a deduction for the amount the natural resource decreases annually over its productive life.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched C \ </b>N308<br>Employee benefit programs</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Fringe benefit programs you provide for employees, such as accident or health plans; disability or wage continuation plans; medical or dental reimbursement plans; child care benefits. Do not include amounts paid for your own benefits.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched C \ </b>N310<br>Insurance, other than health</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Premiums paid to protect the business against losses by fire, accident, theft, errors and omissions, malpractice, liability, business interruption. Deduct advance payments over the term covered by the policy, whether you are on cash or accrual basis.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched C \ </b>N311<br>Interest expense, mortgage</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Interest paid to a financial institution on real property used in your business for which you receive a Form 1098. If the interest is paid in advance, only the portion that applies to the current tax year may be deducted.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched C \ </b>N312<br>Interest expense, other</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Other interest paid on business indebtedness which is not mortgage interest paid to a financial institution. Include interest on loans to purchase the business. Only the portion of advance interest that applies to the current tax year is deductible.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched C \ </b>N494<br>Labor, Cost of Goods</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">If you are a manufacturer or producer, include the cost of labor directly involved with manufacturing the finished product. Do not include amounts paid to yourself as salary or draw.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched C \ </b>N298<br>Legal and professional fees</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Ordinary and necessary fees (eg, accountant's fees, licenses) which are directly related to your trade or business. Legal fees you paid to acquire business assets are added to the basis of the property and recovered using depreciation or amortization.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched C \ </b>N495<br>Materials/supplies, COGS</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">If you are a manufacturer or producer, include the cost of materials and supplies that are used in manufacturing the goods, but not the raw materials for the product. Examples would be hardware, chemicals, etc.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched C \ </b>N294<br>Meals and entertainment</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Ordinary and necessary business-related meal and entertainment expenses to entertain a client, customer, or employee. 50% of these expenses are deductible. This area is closely scrutinized by the IRS. Refer to IRS Pub 463. Keep detailed records.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched C \ </b>N313<br>Office expenses</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The cost of consumable office supplies such as stationery, pens, pencils, computer supplies, etc. Include cost of postage stamps, business cards, UPS and Federal Express charges, rental of postal box or postage machines.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched C \ </b>N302<br>Other business expenses</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The cost of other expenses directly related to your trade or business that may not be applicable to the other tax lines of the Schedule C (e.g., dues and subscriptions, credit and collections costs, samples, bank and credit card fees).</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched C \ </b>N496<br>Other costs, COGS</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">These are any other costs directly related to creating the salable product. This could include the costs for containers, freight-in, overhead expenses, packaging.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched C \ </b>N314<br>Pension/profit sharing plans</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Amounts paid as contributions to a qualified pension, profit-sharing, or annuity plan for your employees. Amounts you contribute for yourself are included under Form 1040, Keogh Deduction.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched C \ </b>N493<br>Purchases, Cost of Goods</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">A manufacturer or producer includes the cost of all raw materials or parts purchased for manufacture into a finished product. A resaler includes all merchandise bought for sale. Do not include merchandise you withdrew for personal use.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched C \ </b>N300<br>Rent/lease other bus. prop.</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Lease payments for real estate or property (office, building, warehouse) used in your trade or business. Advance lease payments which cover more than a year must be prorated. Taxes you pay on leased property are deductible.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched C \ </b>N299<br>Rent/lease vehicles, equip.</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Rent you pay to lease vehicles, machinery or equipment used in your trade or business. If you lease a car for 30 days or more for use in your business, read the IRS publications 535 and 917 for more information.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched C \ </b>N315<br>Repairs and maintenance</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Costs incurred to maintain business property in ordinary and efficient operating condition. Include parts and labor. If repairs materially add to the value of the property or prolong its life, deduct the costs over a period of time as depreciation.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched C \ </b>N296<br>Returns and allowances</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Credits you allow customers for returned merchandise and any other allowances you make on sales. These are deducted only if they were originally included in income.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched C \ </b>N301<br>Supplies (not from COGS)</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The cost of incidental materials and supplies (such as cleaning fluids, small tools, wrapping materials, etc.) used in your trade or business during the tax year.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched C \ </b>N316<br>Taxes and licenses</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Real estate and personal property taxes imposed on business property. Include your share of employment taxes paid on behalf of your employees, business licenses, sales permits, Public Utility Commission (PUC) licenses, etc.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched C \ </b>N317<br>Travel</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Ordinary and necessary business expenses for travel away from your tax home. Do not include meals and entertainment here. Include transportation between your home and business destination, lodging, taxi, tips, cleaning and laundry, etc.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched C \ </b>N318<br>Utilities</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The costs you pay to heat, light, and power your business property. Include also telephone charges for monthly service and long distance business calls.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched C \ </b>N297<br>Wages paid</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Ordinary and necessary salaries, wages, and other compensation for services you pay to employees who are directly connected to your trade or business. Do not include amounts paid to yourself as salary or draw.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched E \ </b>N328<br>Advertising</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Amounts you have paid to advertise your rental unit(s) in newspapers or other media or paid to realtors to obtain tenants.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched E \ </b>N329<br>Auto and travel</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Car and truck expenses you incur to manage your rental or royalty property. Deduct the business portion of operating your car or truck - gas/oil, repairs, insurance, interest, taxes, tires, etc., or take the standard mileage rate per business mile.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched E \ </b>N330<br>Cleaning and maintenance</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Expenses paid for cleaning services (carpet, drapes), cleaning supplies, pest control, pool service, locks and keys and general cost of upkeep of the rental property.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched E \ </b>N331<br>Commissions</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Commissions paid to realtors or management companies to collect rent. However, commissions paid to secure long-term rentals must be deducted over the life of the lease. Do not include salaries paid to employees.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched E \ </b>N332<br>Insurance</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Premiums paid for fire, theft, liability, worker's compensation, business interruption insurance. If your premium pays for insurance which covers more than one year, deduct the part of the premium payment that applies to this year.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched E \ </b>N333<br>Legal and professional fees</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Legal and accounting fees that are directly connected to the rental property, including fees for legal advice to evict a tenant, fees paid to a bookkeeper, or tax advice and preparation of tax forms related to your rental or royalty property.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched E \ </b>N502<br>Management fees</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The fees you pay to a manager or property management company to oversee your rental or royalty property. Often the fee is a percentage of the gross receipts collected.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched E \ </b>N334<br>Mortgage interest expense</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Interest paid to a financial institution for a mortgage on the rental property, reported on Form 1098. Construction period interest must be added to the basis and depreciated. Expenses and fees for securing loans are nondeductible capital expenses.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched E \ </b>N341<br>Other expenses</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Other expenses that do not appropriately match the other tax lines on the Schedule E. Examples might include the cost of gardening and/or snow removal services, association dues, bank charges, etc.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched E \ </b>N335<br>Other interest expense</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Interest paid on other indebtedness directly related to the rental property. This could include interest on a loan you took out and used the proceeds for your rental or royalty property.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched E \ </b>N336<br>Repairs</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Incidental repair costs that are ordinary and necessary to maintain the property in safe rentable condition (painting, roof repairs, plumbing, electricity, etc.). Repairs that increase the value or useful life of the rental property are depreciated.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched E \ </b>N337<br>Supplies</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Items you need to help maintain the property: cleaning supplies, nails, paint brushes, brooms, etc.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched E \ </b>N338<br>Taxes</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Real estate taxes and personal property taxes. Do not include special assessments that are paid for paving, sewer, or local improvements which must be added to basis. Also include your portion of any payroll taxes you pay for your employees.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched E \ </b>N339<br>Utilities</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The cost of electricity, water, gas, telephone, trash disposal for your rental property that is paid by you.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched F \ </b>N543<br>Car and truck expenses</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Include the business portion of car or truck gas/oil, repairs, insurance, interest, taxes, tires, etc. Your tax software should compare these actual expenses to the standard mileage rate and calculate the larger allowable deduction.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched F \ </b>N366<br>Chemicals</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Chemicals used in your farming operation such as insect sprays and dusts.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched F \ </b>N362<br>Conservation expenses</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Costs incurred to conserve soil or water or to prevent erosion of land. These expenses must be consistent with a conservation plan approved by the Soil Conservation Service of the Dept. of Agriculture.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched F \ </b>N378<br>Cost of resale livestock/items</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The cost or other basis of the livestock and other items you actually sold.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched F \ </b>N367<br>Custom hire expenses</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Amounts you paid for custom hire or machine work (the machine operator furnished the equipment). Do not include amounts paid for rental or lease of equipment you operated yourself.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched F \ </b>N364<br>Employee benefit programs</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Amounts contributed to fringe benefit programs you provide for employees - accident or health plans; educational assistance; group-term life insurance, and dependent care assistance programs. Do not include contributions you made on your behalf.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched F \ </b>N350<br>Feed purchased</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The cost of feed for your livestock. If you pay in advance for feed your livestock will consume in a later year, refer to IRS Pub 225 to see if you qualify to deduct the total advance fee in the year paid.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched F \ </b>N352<br>Fertilizers and lime</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The cost of lime, fertilizers and other materials applied to farmland to enrich, neutralize or condition it and the costs of applying these materials. Refer to IRS Pub 225 for more information on prepaid farm expenses.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched F \ </b>N361<br>Freight and trucking</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Freight costs or the expense of trucking produce or livestock. Do not include freight costs for livestock purchased and held for resale. These costs are added to the basis of the livestock which is used to determine the amount of capital gain or loss.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched F \ </b>N356<br>Gasoline, fuel, and oil</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The costs of gas, fuel, oil, etc. for farm equipment.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched F \ </b>N359<br>Insurance, other than health</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Premiums paid for fire, storm, crop, theft and liability protection of farm assets. Do not include amounts credited to a reserve for self-insurance or premiums paid for a policy that pays for your lost earnings due to sickness or disability.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched F \ </b>N346<br>Interest expense, mortgage</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Interest paid to a financial institution on a mortgage on real property used in your farming business. If you paid interest on a debt secured by your main home, and any proceeds from that debt were used in your farming operation, read IRS Pub 225.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched F \ </b>N347<br>Interest expense, other</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Interest paid to a recipient other than a financial institution or on other loans related to the farm. Do not deduct interest you prepaid for later years.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
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>
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<font color="#ff0000"><b> Sched F \ </b>N344<br>Labor hired</font>
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</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Reasonable wages paid for regular farm work, piecework, contract labor and other forms of labor hired to perform your farming operations. Do not include amounts you paid to yourself.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
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align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched F \ </b>N365<br>Other farm expenses</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The cost of other expenses directly related to your farm that may not be applicable to the other tax lines of the Schedule F (e.g., dues and subscriptions, advertising, legal and accounting, etc.).</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched F \ </b>N363<br>Pension/profit sharing plans</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Contributions you have made to any employee pension, profit-sharing, or annuity plan for this farm. Do not include amounts contributed for your own benefits (your SEP or Keogh).</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched F \ </b>N348<br>Rent/lease land, animals</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Amounts paid to rent or lease property such as pasture or farm land.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched F \ </b>N349<br>Rent/lease vehicles, equip.</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The portion of rental or lease payments for vehicles, machinery, or equipment used in your farm. If renting or leasing a vehicle for 30 days or more, refer to IRS Pub 535 for inclusion amount information.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched F \ </b>N345<br>Repairs and maintenance</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Amounts paid for repairs/maintenance of farm buildings, machinery, equipment. Include tools of short life or minimal cost (eg., shovels or rakes). Repairs that increase the value or useful life or adapt the property to a different use are depreciated.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched F \ </b>N351<br>Seeds and plants purchased</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The amounts paid for seeds and young plants bought for further development and cultivation before sale.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched F \ </b>N357<br>Storage and warehousing</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Amounts paid as rent to store or warehouse crops, grains, etc.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched F \ </b>N353<br>Supplies purchased</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Amounts paid for incidental supplies or small tools having a useful life less than one year used in the farming operation. Other supplies could include stamps, stationery, farm magazines, and similar office supplies.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched F \ </b>N358<br>Taxes</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Real estate or personal property taxes paid on farm property such as equipment, animals, buildings, land. Also include your portion of employment taxes paid for employees. Federal highway use tax paid on trucks or truck-tractors is deductible.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched F \ </b>N360<br>Utilities</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The cost of electricity, water, gas, etc., used in your farming operation. Do not include the cost of utilities for personal use or the base rate of the first telephone line into your residence.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched F \ </b>N355<br>Vet, breeding, and medicine</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The costs of veterinary services, medicine and breeding fees are deductible when paid if you use cash basis accounting. If you use the accrual method, capitalize the breeding fees and allocate them to the cost basis of the foal, calf, etc.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched H \ </b>N567<br>Cash wages paid</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Total cash wages of $1,000 or more paid to each employee during the year. Refer to the IRS instructions for Household Employers (Schedule H) for exceptions to the $1,000 test.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> Sched H \ </b>N568<br>Federal tax withheld</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">Any Federal income tax withheld from total cash wages paid to household employees during the year.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> W-2 \ </b>N461<br>Federal tax withheld, self</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The amount of federal income taxes withheld from your wages. (Use the line 'Federal tax withheld, spouse' below for your spouse's federal tax withholding.)</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> W-2 \ </b>N507<br>Federal tax withheld, spouse</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The amount of federal income taxes withheld from your spouse's wages.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> W-2 \ </b>N463<br>Local tax withheld, self</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The amount of local taxes withheld from your wages. (Use the line 'Local tax withheld, spouse' below for your spouse's local tax withholding.)</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> W-2 \ </b>N509<br>Local tax withheld, spouse</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The amount of local taxes withheld from your spouse's wages.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> W-2 \ </b>N480<br>Medicare tax withheld, self</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The amount of Medicare taxes withheld from your wages. (Use the line 'Medicare tax withheld, spouse' below for your spouse's Medicare tax withholding.)</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> W-2 \ </b>N510<br>Medicare tax withheld, spouse</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The amount of Medicare taxes withheld from your spouse's wages.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> W-2 \ </b>N462<br>Soc. Sec. tax withheld, self</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The amount of social security taxes withheld from your wages. (Use the line 'Soc. Sec. tax withheld, spouse' below for your spouse's social security tax withholding.)</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> W-2 \ </b>N508<br>Soc. Sec. tax withheld, spouse</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The amount of social security taxes withheld from your spouse's wages.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> W-2 \ </b>N464<br>State tax withheld, self</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The amount of state taxes withheld from your wages. (Use the line 'State tax withheld, spouse' below for your spouse's state tax withholding.)</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> W-2 \ </b>N511<br>State tax withheld, spouse</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The amount of state taxes withheld from your spouse's wages.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> W-2G \ </b>N550<br>Federal tax withheld</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The amount of federal income taxes withheld from gross gambling winnings.</font>
|
|
</TD>
|
|
</TR>
|
|
<TR>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000"><b> W-2G \ </b>N551<br>State tax withheld</font>
|
|
</TD>
|
|
<TD
|
|
align=
|
|
left
|
|
>
|
|
<font color="#ff0000">The amount of state income taxes withheld from gross gambling winnings.</font>
|
|
</TD>
|
|
</TR>
|
|
</table>
|
|
|
|
|
|
</body>
|
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</html>
|