Forms & Schedules
This schedule reports profit or loss from a sole proprietorship.
What is Schedule C?
This information return reports distributions from pensions, annuities, retirement plans, and IRAs.
What is Form 1099-R
These dividends may be taxed at preferential long-term capital gain rates if holding-period and source requirements are met.
What are qualified dividends?
This credit is generally for a qualifying child who is under age 17 at the end of the tax year.
What is the Child Tax Credit, or CTC?
Medical expenses are deductible as itemized deductions only to the extent they exceed this percentage of AGI.
What is 7.5% of AGI?
This schedule reports taxable interest and ordinary dividends when the taxpayer is required to list them separately.
What is Schedule B
This type of IRA may produce a deductible contribution, but later distributions are generally taxable unless basis exists.
What is a traditional IRA
This is the general starting point for the basis of purchased stock: purchase price plus commissions and other acquisition costs.
What is cost basis?
This $500 nonrefundable credit may apply when a dependent does not qualify for the Child Tax Credit.
What is the Credit for Other Dependents, or ODC?
This student-related deduction is taken above the line, is subject to MAGI limits, and is not allowed to married filing separate taxpayers.
What is the student loan interest deduction?
This schedule summarizes capital gains and losses, often using information from Form 1099-B and Form 8949.
What is Schedule D
This type of IRA does not produce a deduction when funded, but qualified distributions may be tax-free.
What is a Roth IRA?
This formula determines gain or loss on the sale of property: amount realized minus this.
What is adjusted basis?
This refundable credit is based on filing status, earned income, and the number of qualifying children
What is the Earned Income Tax Credit, or EITC?
It's the amount the gambler can include on Schedule A
What is 90% of losses?
This schedule calculates Social Security and Medicare tax for a self-employed taxpayer.
What is Schedule SE
A taxable IRA distribution before age 59½ is generally subject to this additional tax unless an exception applies.
What is the 10% additional tax on early distributions?
Capital losses first offset capital gains; then individuals may deduct up to this amount against ordinary income each year, with excess carried forward.
What is $3,000?
This credit of $1500 helps taxpayers who pay care expenses for one qualifying person so the taxpayer can work or look for work.
What is the Child and Dependent Care Credit?
A self-employed taxpayer may deduct this portion of self-employment tax as an adjustment to income.
A taxpayer who received Form 1095-A from the Marketplace generally uses this form to reconcile or claim the Premium Tax Credit.
What is Form 8962
A taxpayer who receives an eligible retirement plan distribution must generally deposit it into another qualified retirement account within this number of days to complete a tax-free rollover.
What is 60 days?
This rule can disallow a stock loss when the taxpayer sells stock at a loss and buys substantially identical stock within 30 days before or after the sale.
What is the wash sale rule?
A noncustodial parent may receive the right to claim the child for dependency and Child Tax Credit purposes through this signed release from the custodial parent.
What is Form 8332?
Rental real estate losses are generally treated as this type of loss unless an exception applies, such as the active participation allowance or real estate professional rules.
What is a passive loss?