2004 Instructions for Form 1040 (ALL) - Supreme Law Firm

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Where To Report Certain Items From 2004 Forms W-2, 1098, and 1099 IRS e-file takes the guesswork out of preparing your return. You may also be eligible to use free online commercial tax preparation software to file your federal income tax return. Visit www.irs.gov/efile for details. If any federal income tax withheld is shown on these forms, include the tax withheld on Form 1040, line 63. If you itemize your deductions and any state or local income tax withheld is shown on these forms, include the tax withheld on Schedule A, line 5, if you do not elect to deduct state and local general sales taxes. Form Item and Box in Which it Should Appear Where To Report if Filing Form 1040 W-2 Wages, tips, other compensation (box 1) Form 1040, line 7 Allocated tips (box 8) See Tip income on page 19 Advance EIC payment (box 9) Form 1040, line 60 Dependent care benefits (box 10) Form 2441, line 12 Adoption benefits (box 12, code T) Form 8839, line 22 Employer contributions to an Archer Form 8853, line 3 MSA (box 12, code R) Employer contributions to a health savings Form 8889, line 9 account (box 12, code W) W-2G Gambling winnings (box 1) Form 1040, line 21 (Schedule C or C-EZ for professional gamblers) 1098 Mortgage interest (box 1) Points (box 2) } Schedule A, line 10* Refund of overpaid interest (box 3) Form 1040, line 21, but first see the instructions on Form 1098* 1098-E Student loan interest (box 1) See the instructions for Form 1040, line 26, on page 28* 1098-T Qualified tuition and related expenses See the instructions for Form 1040, line 27, on page 29, or line 49, (box 1) on page 36, but first see the instructions on Form 1098-T* 1099-A Acquisition or abandonment of secured property See Pub. 544 1099-B Stocks, bonds, etc. (box 2) See the instructions on Form 1099-B Bartering (box 3) See Pub. 525 Aggregate profit or (loss) (box 11) Form 6781, line 1 1099-C Canceled debt (box 2) Form 1040, line 21, but first see the instructions on Form 1099-C* 1099-DIV Total ordinary dividends (box 1a) Form 1040, line 9a Qualified dividends (box 1b) See the instructions for Form 1040, line 9b, on page 20 Total capital gain distributions (box 2a) Form 1040, line 13, or, if required, Schedule D, line 13 Unrecaptured section 1250 gain (box 2b) See the instructions for Schedule D, line 19, that begin on page Section 1202 gain (box 2c) D-7 See Exclusion of Gain on Qualified Small Business (QSB) Stock in the instructions for Schedule D on page D-4 Collectibles (28%) gain (box 2d) See the instructions for Schedule D, line 18, on page D-7 Nontaxable (nondividend) distributions (box 3) See the instructions for Form 1040, line 9a, on page 20 Investment expenses (box 5) Schedule A, line 22 Foreign tax paid (box 6) Form 1040, line 46, or Schedule A, line 8 1099-G Unemployment compensation (box 1) Form 1040, line 19. But if you repaid any unemployment compensation in 2004, see the instructions for line 19 on page 24. State or local income tax refunds, credits, or See the instructions for Form 1040, line 10, that begin on offsets (box 2) page 20* Taxable grants (box 6) Form 1040, line 21* Agriculture payments (box 7) See the Instructions for Schedule F or Pub. 225* 1099-H HCTC advance payments (box 1) Form 8885, lines 2 and 6 * If the item relates to an activity for which you are required to file Schedule C, C-EZ, E, or F or Form 4835, report the taxable or deductible amount allocable to the activity on that schedule or form instead. -14-
Form Item and Box in Which it Should Appear Where To Report if Filing Form 1040 1099-INT Interest income (box 1) See the instructions for Form 1040, line 8a, on page 19 Early withdrawal penalty (box 2) Form 1040, line 33 Interest on U.S. savings bonds and Treasury See the instructions for Form 1040, line 8a, on page 19 obligations (box 3) Investment expenses (box 5) Schedule A, line 22 Foreign tax paid (box 6) Form 1040, line 46, or Schedule A, line 8 1099-LTC Long-term care and accelerated death benefits See Pub. 502 and the Instructions for Form 8853 1099-MISC Rents (box 1) See the Instructions for Schedule E* Royalties (box 2) Schedule E, line 4 (timber, coal, iron ore royalties, see Pub. 544)* Other income (box 3) Form 1040, line 21* Nonemployee compensation (box 7) Schedule C, C-EZ, or F. But if you were not self-employed, see the instructions on Form 1099-MISC. Other (boxes 5, 6, 8, 9, 10, 13, and 14) See the instructions on Form 1099-MISC 1099-OID Original issue discount (box 1) Other periodic interest (box 2) } See the instructions on Form 1099-OID Early withdrawal penalty (box 3) Form 1040, line 33 Original issue discount on U.S. Treasury See the instructions on Form 1099-OID obligations (box 6) Investment expenses (box 7) Schedule A, line 22 1099-PATR Patronage dividends and other distributions Schedule C, C-EZ, or F or Form 4835, but first see the from a cooperative (boxes 1, 2, 3, and 5) instructions on Form 1099-PATR Credits (boxes 6, 7, and 8) Form 3468, 5884, 8844, 8845, 8861, or 8884 Patron’s AMT adjustment (box 9) Form 6251, line 26 1099-Q Qualified education program payments See the instructions for Form 1040, line 21, on page 24 1099-R Distributions from IRAs** See the instructions for Form 1040, lines 15a and 15b, on page 22 Distributions from pensions, annuities, etc. See the instructions for Form 1040, lines 16a and 16b, that begin on page 22 Capital gain (box 3) See the instructions on Form 1099-R 1099-S Gross proceeds from real estate transactions Form 4797, Form 6252, or Schedule D. But if the property was (box 2) your home, see the Instructions for Schedule D to find out if you must report the sale or exchange. Buyer’s part of real estate tax (box 5) See the instructions for Schedule A, line 6, on page A-3* 1099-SA Distributions from health savings accounts Form 8889, line 12a (HSAs) Distributions from MSAs*** Form 8853 * If the item relates to an activity for which you are required to file Schedule C, C-EZ, E, or F or Form 4835, report the taxable or deductible amount allocable to the activity on that schedule or form instead. ** This includes distributions from Roth, SEP, and SIMPLE IRAs. *** This includes distributions from Archer and Medicare Advantage MSAs. Private Delivery Services • Federal Express (FedEx): FedEx Pri- The private delivery service can tell you ority Overnight, FedEx Standard Over- how to get written proof of the mailing You can use certain private delivery serv- night, FedEx 2Day, FedEx International date. ices designated by the IRS to meet the Priority, and FedEx International First. ‘‘timely mailing as timely filing/paying’’ Private delivery services cannot rule for tax returns and payments. These • United Parcel Service (UPS): UPS deliver items to P.O. boxes. private delivery services include only the Next Day Air, UPS Next Day Air Saver, ! You must use the U.S. Postal CAUTION following. UPS 2nd Day Air, UPS 2nd Day Air A.M., Service to mail any item to an UPS Worldwide Express Plus, and UPS • DHL Express (DHL): DHL Same Day IRS P.O. box address. Worldwide Express. Service, DHL Next Day 10:30 am, DHL Next Day 12:00 pm, DHL Next Day 3:00 pm, and DHL 2nd Day Service. -15-
Page 1 and 2: Note. This booklet does not contain
Page 3 and 4: What is IRS e-file? It’s the fast
Page 5 and 6: Tax Return Page Reference Questions
Page 7 and 8: Quick and Easy Access to Tax Help a
Page 9 and 10: Topic TeleTax Topics No. Subject No
Page 11 and 12: Before You Fill In Form 1040 See Ho
Page 13: Chart B—For Children and Other De
Page 17 and 18: Line 2 December 31, 2004, you were
Page 19 and 20: Form 1040—Lines 7 and 8a less tha
Page 21 and 22: gross income was over $139,500 ($69
Page 23 and 24: Form 1040—Lines 16a and 16b Age (
Page 25 and 26: Form 1040—Lines 20a and 20b Socia
Page 27 and 28: Form 1040—Line 25 IRA Deduction W
Page 29 and 30: Form 1040—Lines 27 Through 29 for
Page 31 and 32: Line 35 Include in the total on lin
Page 33 and 34: Form 1040—Lines 41 and 43 Tax Tab
Page 35 and 36: Line 44 • Tax-exempt interest fro
Page 37 and 38: Line 51—Child Tax Credit What Is
Page 39 and 40: ured the credit. Check box c and en
Page 41 and 42: Lines 65a and 65b— Earned Income
Page 43 and 44: Form 1040—Lines 65a and 65b Conti
Page 45 and 46: Worksheet A—Earned Income Credit
Page 47 and 48: Form 1040—Lines 65a and 65b Works
Page 49 and 50: 2004 Earned Income Credit (EIC) Tab
Page 55 and 56: number is 20202086. Do not include
Page 57 and 58: You cannot sign your return are not
Page 59 and 60: site at www.aarp.org/taxaide or cal
Page 61 and 62: 2004 Tax Table—Continued If line
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2004 Tax Table—Continued If line
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If line 42 (taxable income) is— A
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Order Blank for Forms and Publicati
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Disclosure, Privacy Act, and Paperw
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Department of the Treasury Internal
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more than the general sales tax rat
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• You gave gifts of property that
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Instructions for Schedule B, after
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ing the tax year, and you did not m
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also include the amount collected i
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line 36. The amount you can deduct
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Principal Business or Professional
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Partnership Interests vestment. Thi
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If there is an amount in box 1c, se
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sale of your main home if you are n
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follow the applicable instructions
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which you entered the combined tota
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If your rental real estate loss is
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gain results from redemption of the
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• Deducting the prepayment will n
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2001 Capital Gain Tax Worksheet—L
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2002 Tax Rate Schedules—Line 12 S
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2003 Tax Rate Schedules—Line 16 S
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homes, parking lots, warehouses, an
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Index to Instructions A Foreign Tax
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