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1040- Individual Tax
1040- Individual Tax Return Training
Income
- Wages, Salaries, Tips – W2.
- Interest Income – 1099 INT, 1099 OID.
- Dividend Income – 1099 DIV.
- Pensions, IRAs – 1099 R.
- Gambling Winnings and Losses – W-2G.
- SS Benefits, Alimony, Miscellaneous Inc. – SSA 1099, Alimony Received and Other Income & Self Employment Tax, Tax Withheld.
- State Tax Refunds, Unemployment Compensation – 1099G.
- Education Distributions – 1099 Q.
- Able Distributions – 1099 QA.
- Net Operating Loss – Carryover from prior year – Initial Loss AMT Loss, QBI Loss.
- Business Income Sch C – Sole proprietorship.
- Dispositions – 1099 B Consolidated.
- Rental & Royalty Inc Sch E.
- Farm Income (Sch F, 4835).
- Passthrough K1’s – 1065, 1120S,Estate or Trust Information, REMISC Information.
Deduction
- Depreciation.
- Direct Input (4562).
- Adjustments to Income – Traditional IRA & ROTH IRA, SEP, SIMPLE, Qualified Plans, SE Health Insurance, Education Related Adjustments, Alimony Paid, Other Adjustments.
- Itemized Deductions (Sch A) – Medical, Taxes, Interest (1098 Mortgage), Cash Contributions, Non Cash Contributions, Misc Deductions.
- Noncash Contributions (8283).
- Moving Expenses (3903).
- Investment Interest (4952).
- Business Use of Home (8829)
- Vehicle/Emp Bus. Expense (2106).
- Foreign Income Exclusion (2555)
- HSA/MSA/LTC Contracts (1099 SA, 5498 SA).
Credits
- Dependent Care Credit (2441).
- General Business & Vehicle Credits.
- Foreign Tax Credit (1116).
- Fuel Tax Credit (4136).
- Adoption Credit (8839).
- Education Credits (1098 T, 8863).
- Recovery Rebate, Chile Tax Credits, EIC, Other Credits.
- Credit to Holders of Tax Credit Bonds (8912).
- Credit for Sick and Family Leave (7202).
- Premium Tax Credit (1095A, 8963).
