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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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35 views

Individual Mandate Penalty for a Resident Alien who left the country in August

I am an F1 student who was in the United States from September 2011 till August 2018. I completed my coursework in May 2015, and stayed in the US for another three years under the OPT provision. I ...
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28 views

Can I list multiple wage income abbreviations on Free File Fillable Form 1040?

Background Wage income abbreviations are for taxable income not listed on a W-2. Two examples of these abbreviations are "HSH" and "SCH". Those two abbreviations are mentioned on pages 26 & 27 of ...
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68 views

Forgot to check “Yes” in the question about the foreign account

In 2017, using Credit Karma, I filed a tax return by must have said "No" to the question about foreign accounts. The max aggregate balance of all my accounts in 2017 was under $10,000 so I didn't have ...
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1answer
40 views

Correct Self-Employment Forms for 1040

Am I filing the correct forms with my 1040 to include my self-employment tax? Sole-proprietor with less than $5000 business expenses and profit less than $9000. 1040 Schedule 1 Schedule 4 Schedule ...
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1answer
281 views

Should I be entering “0” or “-0-” on my 1040 form?

There are several instances on the instructions for "year-2018" 1040 form that indicate to fill in a "-0-". When filling out this form, should I really be entering a "-0-" or should I be entering a "0"...
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What do you file as the form number you filled last year if you amended it?

Last year, I accidentally filled Form-1040 first, then I realized that I need to file 1040NR-EZ. So I filled 1040X and 1040NR-EZ last year itself. Now I was filling the 1040NR form this year and ...
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0answers
65 views

Tax Return Married NRA: Is Glacier Tax Prep fill the 1040NR out correctly?

I am an F1 student (NRA) and Married. Based on the new 1040NR(-EZ) instruction a married NRA cannot claim more than $5,000 deduction (1040NR Instruction). Glacier Tax Prep is a software provided to ...
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1answer
34 views

Schedule D, what flow to follow if you have no long term transactions but only short term gain?

The instruction for Schedule D form seems a bit ambiguous. On line 17 it says, If both line 15(total long term) and line 16(total long term + short term) are gains, go to line 18(which makes you do ...
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1answer
47 views

On my tax status and the substantial presence test for F1 student on OPT

I have done much reading on the matter but I find myself still uncertain regarding my current tax status, because of how the exemption days count for F1 students. I got my F1 visa and have been ...
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1answer
35 views

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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1answer
70 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
262 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
329 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
85 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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1answer
40 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
493 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
123 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
65 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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59 views

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
134 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
46 views

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
324 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
498 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
232 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
186 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
110 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
232 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 ...
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1answer
69 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
232 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
8k views

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
51 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 ...
6
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1answer
222 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
367 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
184 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
1k 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
477 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 ...
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1answer
345 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
753 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
289 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
837 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.
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1answer
158 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 ...
2
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1answer
80 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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1k views

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-...