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Questions tagged [form-1040]

IRS Form 1040 is the standard tax return form in the U.S. Use this tag for questions about filling out that form, as well as the simplified 1040A and 1040EZ forms. For questions about amended tax returns, use tag "form-1040x".

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capital gains and electric vehicle tax credit with form 1040 NR EZ

This question is regarding income tax in USA for non-resident aliens. In order to show my capital gains and electric vehicle tax credit, do I need to mention/add/substract anything in the form 1040 ...
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0answers
42 views

What to file as a non-resident alien single owner of a U.S. LLC in Wyoming?

I'm an Russian citizen, living in Russia and I own a LLC in Wyoming. I am the only owner of this LLC (single member managed LLC). I use this company to accept international payments through 2checkout....
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1answer
123 views

Self-employed, Medicare, Retiree: Box 5 on 1099-R is empty; is health insurance deductible (1040, Line 29)?

If Box 5 on a 1099-R is empty, does that mean that health insurance premiums for a self-employed retiree can be deducted on line 29 of the 1040? (Assumption: All other requirements for 1040 line 29 ...
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2answers
71 views

Do the dividends in NJ's 1040 include both the ordinary dividends and qualified dividends from the federal 1040?

I'm just wondering if I can calculate the dividends for New Jersey's 1040 by summing the ordinary dividends and qualified dividends boxes from the federal 1040. How about a part-year resident? Do I ...
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2answers
84 views

Back file taxes using maiden name and past immigration status?

My wife made income in the first month of 2016 as a visa holder, before returning to her country. At that time she did not file federal or state tax. She did not receive the W-2 in her home country. ...
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0answers
29 views

Amending 1040NR for 1040. Where to put previous refund in 1040NR, how to calculate its interest?

I have filed 1040-EZ in 2016 and 2015, while I should have filed 1040NR. I am amending my return for those two years. I am using 1040X, filling out the top of the first page and Part III explaining ...
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1answer
38 views

Tax situation for non-resident

I have an F1 visa and my spouse is a permanent resident with no income. My employer has deducted FICA taxes and I would like to get a refund for that as well. What will be my best options for filing? ...
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1answer
208 views

Where should standard deductions be mentioned on form 1040NR?

I am a non-resident alien for the year 2017 as far as tax returns are concerned. I used a software to complete my 1040NR form, but I have a question regarding the document that was prepared by the ...
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1answer
112 views

Itemizing deductions: Proportional tax paid for vehicle title and registration that is not sales tax

In 2017 I bought a used car out-of-state (rather than sort through the local options to find one without hidden water damage). Because I was not a Kansas resident, I had Kansas sales tax waived at ...
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1answer
52 views

Should I file Form 1040 or Form 1040 NR?

I am currently on H1 B (since October 1, 2017). Last year when on F1 OPT, I had filed Form 1040 NR for my taxes. Which form is advisable for 2017, considering I am on H1 B now. What options do I have?
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Under what circumstances should I file form 1040 Schedule SE if I have an S Corporation?

I'm reading conflicting information across the web regarding self-employment taxes on S Corps - some saying that S Corp shareholders (owners) are not considered self-employed, while others say S Corp ...
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3answers
117 views

Why don't “normal” tax credits apply towards self-employment tax?

This is a USA tax question. Preparing my taxes (regular form 1040), I noticed that the "Other Taxes" section comes after the "Tax and Credit" section. I have some "wages, salaries, tips" income, ...
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1answer
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1040 Schedule A Un-Reimbursed Business Expense Reporting

My question is about Form 1040 Schedule A Un-Reimbursed Business Expenses: Can you Report Form 1040 Schedule A un-reimbursed business expenses that are greater than W-2 Income?
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1answer
264 views

How to file 1040NR form as a non-resident alien owner of a U.S. LLC in Wyoming?

I'm an Egyptian citizen, living in Egypt and I own a LLC in Wyoming. I am the only owner of this LLC (single member managed LLC). I use this company to accept international payments through stripe.com ...
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1answer
387 views

Grantor Tax Information Letter

Why do some trusts issue a Sch K-1 for the beneficiaries, while others only a "Grantor tax information letter"?
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2answers
201 views

How do I avoid double taxation of dividends and capital gains?

I'm a U.S. citizen living abroad claiming the Foreign Earned Income Exclusion (FEIE). According to https://www.americansabroad.org/us-taxes-abroad-for-dummies-update/, The exclusion applies only ...
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1answer
152 views

Is it possible to claim the Bona Fide Residence test for part of the year?

I currently live in Italy but expect to move to the U.S. in September to start a new job; however, I would keep my apartment in Italy till the end of the year. Is it possible to claim Bona Fide ...
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1answer
1k views

Is a credit from a utility company taxable?

I received a roughly $100 credit to my electric bill in 2016 (the electric company underwent some kind of merger and was I assume passing on profits to customers), and my question is do I have to ...
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1answer
88 views

F1 student for undergraduate and graduate degrees: 1040 or 1040NR

I did an undergraduate degree between 2008 and 2013 under an F1 visa. Then, right after, I started a graduate degree (PhD). I had to apply for a new F1 visa after I graduated in 2013, but I kept my ...
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2answers
195 views

IRA Deduction Worksheet Question 6 Married filing Jointly

I'm trying to understand the questions in this vectorized case of Married filing jointly for the IRA Deduction worksheet. In my case I work and contribute to a 401k, my wife does not so for Question ...
2
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1answer
68 views

Are there any other deductions analogous to HSA deductions, for pretax accounts I can contribute to with post tax money?

I always max out my HSA each year and somehow I came up short just over $100 and I thus made a deposit to my HSA from my checking account for that amount (post tax of course) to count towards my 2016 ...
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1answer
196 views

Where should I put Internet expenses for my Home Office?

There are four options: Other Common Business Expenses - Communication; Other Common Business Expenses - Utilities; <– I believe it should never be used if you have home office. Home Office ...
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4answers
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Filed 1040, Forgot to Check Box on Line 61 (full year health coverage). File 1040X or Wait?

My father filed his 1040 and neglected to check the box on line 61 (full year health coverage). He filed via mail/paper. I can't find a definitive answer on what he should do in this specific case. ...
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1answer
50 views

Filing for taxes as an F-1 on Stipend

I'm an F-1 Student that was on a co-op for 7 months and during this, 14% of my stipend was withheld, every month. Since this was not an employment, I will not be getting a W2, instead I'll be provided ...
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1answer
184 views

Should I enter a trailer park under one Schedule E column or under multiple Schedule E columns on US tax return?

It seems like common advice for when to consider two units part of the same property for purposes of the Schedule E, is that they are separate if and only if they have separate property tax. So, two ...
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1answer
179 views

US Tax Form 1040EZ: Do I enter ALL income or ONLY income specified in W-2 forms?

When filling out form 1040EZ, the very first line alludes to form W-2 as the source of the total amount of my income for the year. However, aside from my W-2 form, I had some income from freelance ...
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0answers
161 views

What do the components in Qualified Dividends and Capital Gain Tax Worksheet in instructions of Form 1040 mean? [duplicate]

Qualified Dividends and Capital Gain Tax Worksheet—Line 44 in the instructions of Form 1040 calculates the tax on the taxable income by first decomposing the taxable income in line 1 into lines 7, ...
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1answer
924 views

What do the components of the taxable income in the Schedule D Tax Worksheet mean?

The Schedule D tax worksheet calculates the tax on the taxable income by first decomposing the taxable income in line 1 into lines 19, 20, 28, 31, 37 and 40, then taxing on them at different tax ...
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2answers
334 views

Which boxes on IRS Form 1040 Line 6 need to be filled?

Is it one box per bullet? And then a separate box for the non-bulleted item? This one always confuses me. I am married filing jointly. I have a child from a previous marriage that I claim every other ...
3
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1answer
243 views

Business service doesn't exist on tax form. What do you do?

I am a freelancer. I am expected to put a code into the instructions on my 1040 Profit or Loss taxes, but none of the workcodes they list pertain to my specific area of work. If my service is none of ...
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2answers
646 views

Divide by zero on 540NR form (due to tax treaty)

I am filling a 540NR form for 2014, for California. Line 33 says: "CA Standard Deduction Percentage Divide line 32 by line 17. If more than 1, enter 1.0000" Line 32 is the CA adjusted gross income, ...
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1answer
283 views

Where is payment for failure-to-file and failure-to-pay penalties included on Form 1040?

Form 1040 line 79 is for "estimated tax penalty", but my understanding is that this is for 'penalty for not paying estimated tax', not 'the estimated amount for all tax penalties'. If this is the case,...
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1answer
723 views

What is the meaning of “2015 estimated tax payments and amount applied from 2014 return” on line 65 of Form 1040?

On Form 1040, line 65 says: 2015 estimated tax payments and amount applied from 2014 return What does this mean? The instructions are extremely unhelpful.
6
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1answer
153 views

Can I use a 1040ez if I filed an 83(b) for stock on a vesting schedule?

I filed an 83(b) earlier this year for stock I received on a vesting schedule. I purchased the stock at fair market value, so when I filed the section 83(b), I earned net zero dollars. I have not sold ...
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1answer
74 views

Amending 2015 Tax Return?

When I filed my original Form 1040, I owed the IRS $274. After the return was accepted, I realized I could be claimed as a dependent and now need to amend. The amended Form 1040 shows that I owe the ...
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Can I claim tax withheld on form 1042-S on form 1040

I moved from US to India on 8/2011. I was in India through the end of 2011. In 1/2012 I moved back to US. Fidelity has provided me with a form 1042-S. It looks like the equivalent of form 1099 for non-...