Solution 8 - Drake Software Support

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Solution 8 - Drake Software Support

FormDepartment of the Treasury - Internal Revenue Service (99)1040 2013U.S. Individual Income Tax ReturnOMB No. 1545-0074For the year Jan. 1-Dec. 31, 2013, or other tax year beginning , 2013, ending , 20Your first name and initialLast nameIf a joint return, spouse's first name and initialHome address (number and street).City, town or post office, state, and ZIP code. If you have a foreign address, also complete spaces below (see instructions).Presidential Election CampaignBillings MT 59105Check here if you, or your spouse if filingjointly, want $3 to go to this fund. CheckingForeign country name Foreign province/state/county Foreign postal code a box below will not change your tax orrefund.You Spouse1 Single4 Head of household (with qualifying person). (See instructions.) IfFilingthe qualifying person is a child but not your dependent, enter this2 X Married filing jointly (even if only one had income)child's name here.Status3 Married filing separately. Enter spouse's SSN aboveCheck onlyone box.and full name here.5 Qualifying widow(er) with dependent child6a X Yourself. If someone can claim you as a dependent, do not check box 6a . . . . . . . . . .Boxes checkedExemptions} on 6a and 6bb Spouse . . . . . . . . . . . . . . . . . ... . . . . . . . . . . . . . . . . . . . . . . .2XNo. of children(4) Chk If child underc Dependents:on 6c who:(2) Dependent's(3) Dependent's age 17 qualifyingsocial security number relationship to you for child tax credit lived with you(1) First name Last name (see instructions) did not live withyou due to divorceor separationIf more than four(see instructions)dependents, seeDependents on 6cinstructions andnot entered abovecheck hereAdd numberson linesd Total number of exemptions claimed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . above 27 Wages, salaries, tips, etc. Attach Form(s) W-2 . . . . . . . . . . . . . . . . . . . . . . . 7 147,000Income8a Taxable interest. Attach Schedule B if required . . . . . . . . . . . . . . . . . . . . . . . 8ab Tax-exempt interest. Do not include on line 8a . . . . . . . 8bAttach Form(s)W-2 here. Also9a Ordinary dividends. Attach Schedule B if required . . . . . . . . . . . . . . . . . . . . . 9a 1,000attach Forms b Qualified dividends . . . . . . . . . . . . . . . . . . . . . 9b833W-2G and 10 Taxable refunds, credits, or offsets of state and local income taxes . . . . . . . . . . . . . 101099-R if tax11 Alimony received . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11was withheld.12 Business income or (loss). Attach Schedule C or C-EZ . . . . . . . . . . . . . . . . . . . 1213 Capital gain or (loss). Attach Schedule D if required. If not required, check here13If you did notget a W-2,14 Other gains or (losses). Attach Form 4797 . . . . . . . . . . . . . . . . . . . . . . . . . 14see instructions. 15a IRA distributions . . . . . 15a b Taxable amount . . . . . 15b16a Pensions and annuities . . 16a b Taxable amount . . . . . 16b17 Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E . . 1718 Farm income or (loss). Attach Schedule F . . . . . . . . . . . . . . . . . . . . . . . . . 1819 Unemployment compensation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1920a Social security benefits . . 20a b Taxable amount . . . . . 20b22,49821 Other income2122 Combine the amounts in the far right column for lines 7 through 21. This is your total income2223 Educator expenses . . . . . . . . . . . . . . . . . . . . 2324 Certain business expenses of reservists, performing artists, andfee-basis government officials. Attach Form 2106 or 2106-EZ . . . . 2425 Health savings account deduction. Attach Form 8889 . . . . 2526 Moving expenses. Attach Form 3903 . . . . . . . . . . . . 2627 Deductible part of self-employment tax. Attach Schedule SE . 27 1,59028 Self-employed SEP, SIMPLE, and qualified plans . . . . . . 2829 Self-employed health insurance deduction . . . . . . . . . 2930 Penalty on early withdrawal of savings . . . . . . . . . . . 3031a Alimony paid b Recipient's SSN31a32 IRA deduction . . . . . . . . . . . . . . . . . . . . . . . 3233 Student loan interest deduction . . . . . . . . . . . . . . . 3334 Tuition and fees. Attach Form 8917 . . . . . . . . . . . . 3435 Domestic production activities deduction. Attach Form 8903 . 3536 Add lines 23 through 35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3637 Subtract line 36 from line 22. This is your adjusted gross income . . . . . . . . . . . . 37For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions.EEAAdjustedGrossIncomeLast nameApt. no.IRS Use Only-Do not write or staple in this space.. . . .See separate instructions.Your social security numberDAVID HOLDEN 400-00-5008Spouse's social security numberMARGARET HOLDEN 400-00-19551011 HILLTOP ROADMake sure the SSN(s) aboveand on line 6c are correct.170,4981,590168,908Form 1040 (2013)


Form 1040 (2013) Page 238 Amount from line 37 (adjusted gross income)38 168,90839a Check You were born before January 2, 1949, Blind.Tax andCreditsif: Spouse was born before January 2, 1949, Blind. checked 39aStandardDeduction b If your spouse itemizes on a separate return or you were a dual-status alien, check here . . . 39bfor -40 Itemized deductions (from Schedule A) or your standard deduction (see left margin) . . . 40People whocheck any 41 Subtract line 40 from line 38 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41box on line 42 Exemptions. If line 38 is $150,000 or less, multiply $3,900 by the number on line 6d. Otherwise, see instructions . . 4239a or 39b orwho can be 43 Taxable income. Subtract line 42 from line 41. If line 42 is more than line 41, enter -0- . . . . 43claimed as adependent, 44 Tax (see instructions). Check if any from: a Form(s) 8814 b Form 4972 c 44see45 Alternative minimum tax (see instructions). Attach Form 6251 . . . . . . . . . . . . . . . 45instructions.46 Add lines 44 and 45 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46All others:47 Foreign tax credit. Attach Form 1116 if required . . . . . . . . 47Single orMarried filing 48 Credit for child and dependent care expenses. Attach Form 2441 . . . . 48separately,$6,100 49 Education credits from Form 8863, line 19 . . . . . . . . . . . 49Married filing 50 Retirement savings contributions credit. Attach Form 8880 . . . 50jointly orQualifying 51 Child tax credit. Attach Schedule 8812, if required . . . . . . 51widow(er), 52 Residential energy credits. Attach Form 5695 . . . . . . . . . 52$12,20053 Other credits from Form: a 3800 b 8801 c53Head ofhousehold, 54 Add lines 47 through 53. These are your total credits . . . . . . . . . . . . . . . . . . . . 54$8,95055 Subtract line 54 from line 46. If line 54 is more than line 46, enter -0- . . . . . . . . . . 5556 Self-employment tax. Attach Schedule SE . . . . . . . . . . . . . . . . . . . . . . . . . 56Other57 Unreported social security and Medicare tax from Form: a 4137 b 8919 . . . . 57Taxes58 Additional tax on IRAs, other qualified retirement plans, etc. Attach Form 5329 if required . . 5859 a Household employment taxes from Schedule H . . . . . . . . . . . . . . . . . . . . . . . 59ab First-time homebuyer credit repayment. Attach Form 5405 if required . . . . . . . . . . . . 59b60 Taxes from: a Form 8959 b Form 8960 c Instructions; enter code(s)6061 Add lines 55 through 60. This is your total tax . . . . . . . . . . . . . . . . . . . . . 61Payments 62 Federal income tax withheld from Forms W-2 and 1099 . . . . 62 30,00063 2013 estimated tax payments and amount applied from 2012 return . . . 63 15,000If you have a64a Earned income credit (EIC) . . . . . . . . . . . . . . . . . 64aqualifyingchild, attach b Nontaxable combat pay election . . . 64bSchedule EIC.65 Additional child tax credit. Attach Schedule 8812 . . . . . . . 6566 American opportunity credit from Form 8863, line 8 . . . . . . 6667 Reserved . . . . . . . . . . . . . . . . . . . . . . . . . . 6768 Amount paid with request for extension to file . . . . . . . . 6869 Excess social security and tier 1 RRTA tax withheld . . . . . 6970 Credit for federal tax on fuels. Attach Form 4136 . . . . . . . 7071 Credits from Form: a 2439 b Reserved c 8885 d7172 Add lines 62, 63, 64a, and 65 through 71. These are your total payments . . . . . . . 72Refund 73 If line 72 is more than line 61, subtract line 61 from line 72. This is the amount you overpaid 7374a Amount of line 73 you want refunded to you. If Form 8888 is attached, check here . 74aDirect deposit? b Routing number X X X X X X X X X c Type: Checking SavingsSeed Account number X X X X X X X X X X X X X X X X Xinstructions.75 Amount of line 73 you want applied to your 2014 estimated tax . . . 75Amount 76 Amount you owe. Subtract line 72 from line 61. For details on how to pay, see instructions 76You Owe 77 Estimated tax penalty (see instructions) . . . . . . . . . . . 77Do you want to allow another person to discuss this return with the IRS (see instructions)? Yes. Complete below.Third PartyDesigneeSignHereJoint return? Seeinstructions.Keep a copy foryour records.PaidPreparerUse OnlyEEADAVID & MARGARET HOLDEN 400-00-5008. . . . . . . . . . . . . . . . . . . . . . . .Total boxes{ }Designee's Phone Personal identificationname no. number (PIN)Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief,they are true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.Your signatureDateYour occupationDaytime phone number06008 01-01-2014ATTORNEYSpouse's signature. If a joint return, both must sign.DateSpouse's occupation01955 01-01-2014OFFICE MANAGERPreparer's signature DateCheck ifself-employedPrint/Type preparer's name Preparer1Firm's nameFirm's EINFirm's address 235 East Main StreetPhone no.NoIdentity Protection PIN (see inst.)PTIN12,200156,7087,800148,90829,05229,05229,0523,17932,23145,00012,76912,76912-02-2013 P12345678Drake Software 11-1222333Franklin, NC 28734 828-524-8020XForm 1040 (2013)


Schedule E (Form 1040) 2013 Attachment Sequence No. Page 2Name(s) shown on return. Do not enter name and social security number if shown on page 1.Your social security numberDAVID & MARGARET HOLDEN 400-00-5008Caution. The IRS compares amounts reported on your tax return with amounts shown on Schedule(s) K-1.Part II Income or Loss From Partnerships and S Corporations Note. If you report a loss from an at-risk activity for whichany amount is not at risk, you must check the box in column (e) on line 28 and attach Form 6198. See instructions.27 Are you reporting any loss not allowed in a prior year due to the at-risk, excess farm loss, or basis limitations, a prior yearunallowed loss from a passive activity (if that loss was not reported on Form 8582), or unreimbursed partnership expenses? Ifyou answered "Yes," see instructions before completing this section.Yes No28ABCDPart IIIPassive Income and Loss(b) Enter P for (c) Check if (d) Employer (e) Check if(a) Name partnership; S foreign identification any amount isfor S corporation partnership number not at riskTHE THREE DS RESTAURANT P 45-5667777Income or Loss From Estates and TrustsNonpassive Income and Loss(f) Passive loss allowed(g) Passive income (h) Nonpassive loss (i) Section 179 expense (j) Nonpassive income(attach Form 8582 if required) from Schedule K-1 from Schedule K-1 deduction from Form 4562 from Schedule K-122,498ABCD29a Totals22,498b Totals030 Add columns (g) and (j) of line 29a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 22,49831 Add columns (f), (h), and (i) of line 29b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 ( )32 Total partnership and S corporation income or (loss). Combine lines 30 and 31. Enter theresult here and include in the total on line 41 below . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3213X22,49833ABPassive Income and Loss(a) Name(b) Employeridentification numberNonpassive Income and LossAB34a Totalsb Totals35 Add columns (d) and (f) of line 34a3536 Add columns (c) and (e) of line 34b36 ( )37Part IVPart VIncome or Loss From Real Estate Mortgage Investment Conduits (REMICs) - Residual Holder39 Combine columns (d) and (e) only. Enter the result here and include in the total on line 41 below39Summary40 Net farm rental income or (loss) from Form 4835. Also, complete line 42 below4041 Total income or (loss). Combine lines 26, 32, 37, 39, and 40. Enter the result here and on Form 1040, line 17, or Form 1040NR, line 18 414243EEA(c) Passive deduction or loss allowed (d) Passive income (e) Deduction or loss (f) Other income from(attach Form 8582 if required) from Schedule K-1 from Schedule K-1Schedule K-1Total estate and trust income or (loss). Combine lines 35 and 36. Enter the result here andinclude in the total on line 41 below(c) Excess inclusion from(b) Employer identification (d) Taxable income (net loss) (e) Income from38(a) NameSchedules Q, line 2cnumber(see instructions)from Schedules Q, line 1b Schedules Q, line 3bReconciliation of farming and fishing income. Enter your grossfarming and fishing income reported on Form 4835, line 7; Schedule K-1(Form 1065), box 14, code B; Schedule K-1 (Form 1120S), box 17, codeV; and Schedule K-1 (Form 1041), box 14, code F (see instructions)Reconciliation for real estate professionals. If you were a real estateprofessional (see instructions), enter the net income or (loss) you reportedanywhere on Form 1040 or Form 1040NR from all rental real estate activitiesin which you materially participated under the passive activity loss rules. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . .. .. . . . . . .. . . . . . . . . . . . . .4243Schedule E (Form 1040) 20133722,498


17 2Schedule SE (Form 1040) 2013 Attachment Sequence No. PageName of person with self-employment income (as shown on Form 1040)Social security number of personDAVID HOLDEN with self-employment income 400-00-5008Section B Long Schedule SEPart I Self-Employment TaxNote. If your only income subject to self-employment tax is church employee income, see instructions. Also see instructions for thedefinition of church employee income.A If you are a minister, member of a religious order, or Christian Science practitioner and you filed Form 4361, but youhad $400 or more of other net earnings from self-employment, check here and continue with Part I . . . . . . . . . . . . . . .1a Net farm profit or (loss) from Schedule F, line 34, and farm partnerships, Schedule K-1 (Form 1065),box 14, code A. Note. Skip lines 1a and 1b if you use the farm optional method (see instructions) . . . 1ab If you received social security retirement or disability benefits, enter the amount of Conservation ReserveProgram payments included on Schedule F, line 4b, or listed on Schedule K-1 (Form 1065), box 20, code Z 1b ( )2 Net profit or (loss) from Schedule C, line 31; Schedule C-EZ, line 3; Schedule K-1 (Form 1065), box 14, codeA (other than farming); and Schedule K-1 (Form 1065-B), box 9, code J1. Ministers and members of religiousorders, see instructions for types of income to report on this line. See instructions for other incometo report. Note. Skip this line if you use the nonfarm optional method (see instructions) . . . . . . . . . 2 22,4983 Combine lines 1a, 1b, and 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 22,4984a If line 3 is more than zero, multiply line 3 by 92.35% (.9235). Otherwise, enter amount from line 3 . . . . . 4a 20,777Note. If line 4a is less than $400 due to Conservation Reserve Program payments on line 1b, see instructions.b If you elect one or both of the optional methods, enter the total of lines 15 and 17 here . . . . . . . . . . 4bc Combine lines 4a and 4b. If less than $400, stop; you do not owe self-employment tax.Exception. If less than $400 and you had church employee income, enter -0- and continue . . . . . . 4c 20,7775a Enter your church employee income from Form W-2. Seeinstructions for definition of church employee income . . . . . . . . . . . 5ab Multiply line 5a by 92.35% (.9235). If less than $100, enter -0- . . . . . . . . . . . . . . . . . . . . . . 5b6 Add lines 4c and 5b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 20,7777 Maximum amount of combined wages and self-employment earnings subject to social securitytax or the 6.2% portion of the 7.65% railroad retirement (tier 1) tax for 2013 . . . . . . . . . . . . . . . . 7113,700.008a Total social security wages and tips (total of boxes 3 and 7 onForm(s) W-2) and railroad retirement (tier 1) compensation.If $113,700 or more, skip lines 8b through 10, and go to line 11 . . . . . . . 8a 92,000b Unreported tips subject to social security tax (from Form 4137, line 10) . . . 8bc Wages subject to social security tax (from Form 8919, line 10) . . . . . . . 8cd Add lines 8a, 8b, and 8c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8d 92,0009 Subtract line 8d from line 7. If zero or less, enter -0- here and on line 10 and go to line 11 . . . . . . . 9 21,70010 Multiply the smaller of line 6 or line 9 by 12.4% (.124) . . . . . . . . . . . . . . . . . . . . . . . . . . 10 2,57611 Multiply line 6 by 2.9% (.029) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1160312 Self-employment tax. Add lines 10 and 11. Enter here and on Form 1040, line 56, or Form1040NR, line 54 12 3,17913 Deduction for one-half of self-employment tax.Multiply line 12 by 50% (.50). Enter the result here and onForm 1040, line 27, or Form 1040NR, line 27 . . . . . . . . . . . . . 13 1,590Part II Optional Methods To Figure Net Earnings (see instructions)Farm Optional Method. You may use this method only if (a) your gross farm income 1 was not more2than $6,960, or (b) your net farm profits were less than $5,024.14 Maximum income for optional methods 144,640.00115 Enter the smaller of: two-thirds (2/3) of gross farm income (not less than zero) or $4,640. Alsoinclude this amount on line 4b above . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 153Nonfarm Optional Method. You may use this method only if (a) your net nonfarm profits were less than $5,0244and also less than 72.189% of your gross nonfarm income, and (b) you had net earnings from self-employmentof at least $400 in 2 of the prior 3 years. Caution. You may use this method no more than five times.16 Subtract line 15 from line 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16417 Enter the smaller of: two-thirds (2/3) of gross nonfarm income (not less than zero) or theamount on line 16. Also include this amount on line 4b above . . . . . . . . . . . . . . . . . . . . . . . 171 3From Sch. F, line 9, and Sch. K-1 (Form 1065), box 14, code B.From Sch. C, line 31; Sch. C-EZ, line 3; Sch. K-1 (Form 1065), box 14, code2 A; and Sch K-1 (Form 1065-B), box 9, code J1.From Sch. F, line 34, and Sch. K-1 (Form 1065), box 14, code A - minus the4amount you would have entered on line 1b had you not used the optionalFrom Sch. C, line 7; Sch. C-EZ, line 1; Sch. K-1 (Form 1065), box 14, codemethod.C; and Sch. K-1 (Form 1065-B), box 9, code J2.EEA. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Schedule SE (Form 1040) 2013


Form8879Department of the TreasuryInternal Revenue ServiceIRS e-file Signature AuthorizationDo not send to the IRS. This is not a tax return.Keep this form for your records.Information about Form 8879 and its instructions is at www.irs.gov/form8879.OMB No. 1545-00742013Submission Identification Number (SID)Taxpayer's nameSpouse's nameMARGARET HOLDEN 400-00-1955Part I Tax Return Information - Tax Year Ending December 31, 20131 Adjusted gross income (Form 1040, line 38; Form 1040A, line 22; Form 1040EZ, line 4)12 Total tax (Form 1040, line 61; Form 1040A, line 35; Form 1040EZ, line 10) . . . . . . . . . . . . . . . . . . . 23 Federal income tax withheld (Form 1040, line 62; Form 1040A, line 36; Form 1040EZ, line 7) . . . . . . . . . . 34 Refund (Form 1040, line 74a; Form 1040A, line 43a; Form 1040EZ, line 11a; Form 1040-SS, Part I, line 13a) . . 45 Amount you owe (Form 1040, line 76; Form 1040A, line 45; Form 1040EZ, line 12) . . . . . . . . . . . . . . . 5Part II00-777777-050084Social security numberDAVID HOLDEN 400-00-5008Spouse's social security number(Whole Dollars Only). . . . . . . . . . . .Taxpayer Declaration and Signature Authorization (Be sure you get and keep a copy of your return)Under penalties of perjury, I declare that I have examined a copy of my electronic individual income tax return and accompanying schedules and statementsfor the tax year ending December 31, 2013, and to the best of my knowledge and belief, it is true, correct, and complete. I further declare that the amountsin Part I above are the amounts from my electronic income tax return. I consent to allow my intermediate service provider, transmitter, or electronic returnoriginator (ERO) to send my return to the IRS and to receive from the IRS (a) an acknowledgement of receipt or reason for rejection of the transmission, (b) thereason for any delay in processing the return or refund, and (c) the date of any refund. If applicable, I authorize the U.S Treasury and its designated FinancialAgent to initiate an ACH electronic funds withdrawal (direct debit) entry to the financial institution account indicated in the tax preparation software for paymentof my federal taxes owed on this return and/or a payment of estimated tax, and the financial institution to debit the entry to this account. This authorization is toremain in full force and effect until I notify the U.S. Treasury Financial Agent to terminate the authorization. To revoke (cancel) a payment, I must contact the U.S.Treasury Financial Agent at 1-888-353-4537. Payment cancellation requests must be received no later than 2 business days prior to the payment (settlement)date. I also authorize the financial institutions involved in the processing of the electronic payment of taxes to receive confidenital information necessary toanswer inquiries and resolve issues related to the payment. I further acknowledge that the personal identification number (PIN) below is my signature for myelectronic income tax return and, if applicable, my Electronic Funds Withdrawal Consent.168,90832,23130,00012,769Taxpayer's PIN: check one box onlyX I authorize Drake Software to enter or generate my PIN 06008ERO firm nameEnter five numbers, butas my signature on my tax year 2013 electronically filed income tax return.do not enter all zerosI will enter my PIN as my signature on my tax year 2013 electronically filed income tax return. Check this box only if you areentering your own PIN and your return is filed using the Practitioner PIN method. The ERO must complete Part III below.Your signatureDateSpouse's PIN: check one box onlyX I authorize Drake Software to enter or generate my PIN 01955ERO firm nameEnter five numbers, butas my signature on my tax year 2013 electronically filed income tax return.do not enter all zerosI will enter my PIN as my signature on my tax year 2013 electronically filed income tax return. Check this box only if you areentering your own PIN and your return is filed using the Practitioner PIN method. The ERO must complete Part III below.Spouse's signatureDatePart IIIPractitioner PIN Method Returns Only - continue belowCertification and Authentication - Practitioner PIN Method OnlyERO's EFIN/PIN. Enter your six-digit EFIN followed by your five-digit self-selected PIN.777777-12345Do not enter all zerosI certify that the above numeric entry is my PIN, which is my signature for the tax year 2013 electronically filed income tax return forthe taxpayer(s) indicated above. I confirm that I am submitting this return in accordance with the requirements of the Practitioner PINmethod and Publication 1345, Handbook for Authorized IRS e-file Providers of Individual Income Tax Returns.ERO's signatureDate12-02-2013ERO Must Retain This Form - See InstructionsDo Not Submit This Form to the IRS Unless Requested To Do SoFor Paperwork Reduction Act Notice, see your tax return instructions.EEAForm 8879 (2013)


FORM 1040Investment Income If YouAre Filing Form 10402013Name as shown on returnInterest and DividendsKeep for Your Records1. Enter any amount from Form 1040, line 8a1.2. Enter any amount from Form 1040, line 8b, plus any amount on Form 8814, line 1b2.3. Enter any amount from Form 1040, line 9a3.4. Enter the amount from Form 1040, line 21, that is from Form 8814 if you are filing that form to reportyour child's interest and dividend income on your return. (If your child received an Alaska PermanentFund dividend, use Worksheet 2, on the next page, to figure the amount to enter on this line.)Your Social Security NumberDAVID & MARGARET HOLDEN 400-00-5008. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . .4.1,000Capital Gain Net Income5. Enter the amount from Form 1040, line 13. If the amount on that line is aloss, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.6. Enter any gain from Form 4797, Sales of Business Property, line 7. If theamount on that line is a loss, enter -0-. (But, if you completed lines 8 and9 of Form 4797, enter the amount from line 9 instead.) . . . . . . . . . . . . . . . . 6.7. Subtract line 6 of this worksheet from line 5 of this worksheet. (If the result is less than zero,enter -0-.). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .7.Royalties and Rental Income from Personal Property8. Enter any royalty income from Schedule E, line 4, plus any income from therental of personal property shown on Form 1040, line 21, minus any expensesfrom Schedule E, line 20, related to royalty income, plus any expenses fromthe rental of personal property deducted on Form 1040, line 36 of personalproperty deducted on Form 1040, line 36 (If the result is less than zero, enter -0-.). . . . . . . . . . . . . . .8.Passive Activities9. Enter the total of any net income from passive activities (such as incomeincluded on Schedule E, lines 26, 29a (col. (g)), 34a (col. (d)), or 40) and thetotal of any losses from passive activities (included on Schedule E, lines10. Adjustment from EIC screen10.11. Add the amounts on lines 1, 2, 3, 4, 7, 8, 9 and 10. Enter the total. This is your Investment Income11.12.26, 29b (col. (f)), 34b (col. (c)), or 40). (See instructions below for line 9.)(if zero or less, enter -0-.)Is the amount on line 11 more than $3,200?X. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .Yes. You cannot take the credit.No. Go to Step 3 of the Form 1040 instructions for lines 64a and 64b to find out if you can takethe credit (unless you are using this publication to find out if you can take the credit; in that case, goto Rule 7, next).9.22,49823,498Instructions for line 9. In figuring the amount to enter on line 9, do not take into account any royalty income (or loss)included on line 26 of Schedule E or any amount included in your earned income. To find out if the income on line 26 or line 40 ofSchedule E is from a passive activity, see the Schedule E instructions. If any of the rental real estate income (or loss) included onSchedule E, line 26, is not from a passive activity, print "NPA" and the amount of that income (or loss) on the dotted line next to line 26.WK_EIC4_.LDEEA


NAMEQualified Dividends and Capital Gain Tax Worksheet - Line 44 (Form 1040)Line 28 (Form 1040A)(Keep for Your Records)DAVID & MARGARET HOLDEN 400-00-5008Before you begin:See the instructions for line 44 to see if you can use this worksheet to figure your tax.Before completing this worksheet, complete Form 1040 through line 43.If you do not have to file Schedule D and you received capital gain distributions, be sureyou checked the box on line 13 of Form 1040.SSN1. Enter the amount from Form 1040, line 43 (Form 1040A, line 27). However, if you are filing Form2. Enter the amount from Form 1040, line 9b (Form 1040A, line 9b)*2.3. Are you filing Schedule D?*4. Add lines 2 and 34.5.2555 or 2555-EZ (relating to foreign earned income), enter the amount fromline 3 of the Foreign Earned Income Tax WorksheetXYes. Enter the smaller of line 15 or 16 of Schedule D. If eitherline 15 or line 16 is blank or a loss, enter -0-No. Enter the amount from Form 1040, line 13 (or Form 1040A, line 10)If filing Form 4952 (used to figure investment interest expense deduction),enter any amount from line 4g of that form. Otherwise, enter -0-6. Subtract line 5 from line 4. If zero or less, enter -0-6.7. Subtract line 6 from line 1. If zero or less, enter -0-7.8. Enter:$36,250 if single or married filing separately,$72,500 if married filing jointly or qualifying widow(er),$48,600 if head of household.9. Enter the smaller of line 1 or line 89.10. Enter the smaller of line 7 or line 910.11. Subtract line 10 from line 9. This amount is taxed at 0%11.12. Enter the smaller of line 1 or line 612.13. Enter the amount from line 1113.14. Subtract line 13 from line 1214.15. Enter:$400,000 is single,$225,000 if married filing separately,$450,000 if married filing jointly or qualifying widow(er),$425,000 if head of household.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . .16. Enter the smaller of line 1 or line 1516.17. Add lines 7 and 1117.18. Subtract line 17 from line 16. If zero or less, enter -0-18.19. Enter the smaller of line 14 or line 1819.20. Multiply line 19 by 15% (.15)20.21. Add lines 11 and 1921.22. Subtract line 21 from line 1222.23. Multiply line 22 by 20% (.20)23.24. Figure the tax on the amount on line 7. If the amount on line 7 is less than $100,000, use the Tax Tableto figure this tax. If the amount on line 7 is $100,000 or more, use the Tax Computation Worksheet. . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .25. Add lines 20, 23 and 2425.26. Figure the tax on the amount on line 1. If the amount on line 1 is less than $100,000, use the Tax Tableto figure the tax. If the amount on line 1 is $100,000 or more, use the Tax Computation Worksheet27. Tax on all taxable income. Enter the smaller of line 25 or line 26. Also include this amount on Form. . . . . .1040, line 44 (Form 1040A, line 28). If you are filing Form 2555 or 2555-EZ, do not enter this amount on Form1040, line 44 (or Form 1040A, line 28). Instead, enter it on line 4 of the Foreign Earned Income Tax Worksheet.1.3.5.8.15.24.26.27.148,908833833833148,07572,50072,50072,500833833450,000148,908148,07583383312583328,92729,05229,16029,052*If you are filing Form 2555 or 2555-EZ, see the footnote in the Foreign Earned Income Tax Worksheet before completing this line.WK_CGTAX.LDEEA

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