Major sections of the 1040
Name one of the 10 Major Sections of 1040
what is Entity, Income, AGI, TI, Tax, Non-refundable credits, Other taxes, Payments and refundable credits, refund or bal due, signature
Items located on Schedule 1 of the 1040
What is Additional income and adjustments to income
What is on line 10 of 1040?
what is Adjustments to income
Which form or schedule would one include when claiming the HSA deduction?
What is form 8889?
A qualifying person, for claiming the child and dependent care credit, must be the taxpayer’s dependent who is disabled or under what age?
Name one of the Entity Subsections
what is Filing Status, Taxpayer Identification,
Presidential Election Campaign, Digital Assets
Items located on 1040 Schedule 2
what is additional taxes
In which section would the taxpayer claim certain expenses and deductions to lower the amount of their total income?
what is Adjustments to Income
A taxpayer received a Mortgage Credit Certificate when he purchased his home. This would allow him to take a tax credit for part of the interest paid on a mortgage loan.
Which form or schedule will the taxpayer use to claim the mortgage interest credit?
What is form 8396?
In which tax year does the 1040 not contain a checkbox for the taxpayer to indicate that they received any digital assets?
what is 2019
items located on 1040 Schedule 3
What is Additional Credit and Payments
What section of the 1040 allows the TP to classify the different types of income received during the tax year, this includes W-2 wages, Capital gains and SSA benefits?
what is Income
What is form 8615?
What form do taxpayers use to report their portion of Social Security and Medicare taxes when employers mistakenly do not withhold them?
What is form 8919?
On the 2023 Form 1040, which Entity subsection addresses a taxpayer's involvement in transactions using a medium of exchange such as cryptocurrency?
what is Digital Assets
Which of the following does not appear in the Income section of a Form 1040 tax return?
Filing Status
Qualified dividends
Wages
IRA distributions
what is FILING STATUS
What section on the 1040 identifies the TP's names, filing status and dependents?
What is Entity?
Which form is used to report a parent’s election to report their child’s interest and dividends on the parent’s return?
Which form do taxpayers use to report household employment taxes?
What is Schedule H?
In what section of the 1040 do taxpayers declare the information contained in the tax return is true, correct, and complete to the best of their knowledge.
what is signature section with Jurat
What is listed on line 9 of the 1040?
what is Total Income
If someone is authorized to discuss the tax return on TP's behalf, what section would the name be shown?
What is Third party Designee?
Which form or schedule would a taxpayer use if they wanted to figure their tax by averaging their current-year taxable income from the trade or business of farming or fishing over the previous 3 years?
What form do taxpayers use to report the equivalent of their Social Security and Medicate tax on?
What is Schedule SE ?