2004 Instructions for Form 1040 (ALL) - Supreme Law Firm
2004 Instructions for Form 1040 (ALL) - Supreme Law Firm
2004 Instructions for Form 1040 (ALL) - Supreme Law Firm
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Lines 18, 19, and 20<br />
If you filed your 2001, 2002, or 2003 tax<br />
return using TeleFile, enter your tax from<br />
your TeleFile Tax Record. If you<br />
amended your return or the IRS made<br />
changes to it, enter the corrected amount.<br />
2003 Qualified Dividends and Capital Gain Tax Worksheet—Line 16 Keep <strong>for</strong> Your Records<br />
Use this worksheet only if:<br />
• You entered (a) qualified dividends on your 2003 <strong>Form</strong> <strong>1040</strong>, line 9b (or your 2003 <strong>Form</strong> <strong>1040</strong>A, line 9b) or (b) capital gain<br />
distributions directly on your 2003 <strong>Form</strong> <strong>1040</strong>, line 13a (or your 2003 <strong>Form</strong> <strong>1040</strong>A, line 10a) and checked the box on that line and<br />
• Your elected farm income on Schedule J, line 2, does not include any net capital gain.<br />
1. Amount from Schedule J, line 15 ........................................... 1.<br />
2. Enter the total of the amounts from your 2003 <strong>Form</strong> <strong>1040</strong>, lines<br />
9b and 13a (or <strong>Form</strong> <strong>1040</strong>A, lines 9b and 10a) .............. 2.<br />
3. Amount, if any, from your 2003 <strong>Form</strong> 4952, line 4g .......... 3.<br />
4. Subtract line 3 from 2. If zero or less, enter -0- ................................. 4.<br />
5. Enter the smaller of:<br />
• The amount on line 1 above or<br />
• $56,800 if married filing jointly or qualifying widow(er) <strong>for</strong><br />
2003,<br />
}. .............. 5.<br />
$28,400 if single or married filing separately, or<br />
$38,050 if head of household.<br />
6. Subtract line 4 from line 1. If zero or less, enter -0- .............................. 6.<br />
7. Subtract line 6 from line 5. If zero or less, enter -0- and go to line 13 .................. 7.<br />
8. Enter the total of the amounts from your 2003 <strong>Form</strong> <strong>1040</strong>, lines<br />
9b and 13b (or <strong>Form</strong> <strong>1040</strong>A, lines 9b and 10b) ............. 8.<br />
9. Enter the smaller of line 7 or 8 ............................................ 9.<br />
10. Multiply line 8 by 5% (.05) ..............................................................10.<br />
11. Subtract line 9 from line 7. If zero, go to line 13 ................................ 11.<br />
12. Multiply line 11 by 10% (.10) ............................................................12.<br />
13. Enter the smaller of line 1 or line 4 ......................................... 13.<br />
14. Enter the amount from line 7 .............................................. 14.<br />
15. Subtract line 14 from line 13. If zero or less, enter -0- and go to line 23 ................ 15.<br />
16. Enter the total of the amounts from your 2003 <strong>Form</strong> <strong>1040</strong>, lines<br />
9b and 13b (or <strong>Form</strong> <strong>1040</strong>A, lines 9b and 10b) .............16.<br />
17. Enter the amount from line 9 (if line 9 is blank, enter -0-) ......17.<br />
18. Subtract line 17 from line 16 ..........................18.<br />
19. Enter the smaller of line 15 or line 18 ....................................... 19.<br />
20. Multiply line 19 by 15% (.15) ............................................................20.<br />
21. Subtract line 19 from line 15. If zero, go to line 23 .............................. 21.<br />
22. Multiply line 21 by 20% (.20) ............................................................22.<br />
23. Figure the tax on the amount on line 6. Use the 2003 Tax Rate Schedules on page J-7 .....................23.<br />
24. Add lines 10, 12, 20, 22, and 23 ...........................................................24.<br />
25. Figure the tax on the amount on line 1. Use the 2003 Tax Rate Schedules on page J-7 .....................25.<br />
26. Tax. Enter the smaller of line 24 or line 25 here and on Schedule J, line 16 ............................26.<br />
J-8