Can income from schedule k-1 be included in "other income" on form 1040?
347332
If that is how it is reported on your k-1, that is how you should report it.  The K-1 should break your income down into different categories (interest, dividends, capital gains, etc.), and that is exactly how you need to report it on your 1040.
418429
You can use 1040ES. Here is the link for the form:\nhttp://www.irs.gov/pub/irs-pdf/f1040es.pdf\n\nZhicheng Lai\nEnrolled Agent
152869
For most people in your situation: add up all state taxes paid or withheld during the year, property and real estate taxes paid, interest paid on a mortgage, charitable contributions. If greater than $5,000, itemize.\nMedical expenses are only counted if they exceed 7.5% of your adjusted gross income.  If you make $40,000, then only the amount of medical expenses over $3,000 can be included as an itemized deduction.\nCar and credit card loan interest do not count towards this.\nDo not use the "average itemized deductions" reported by TurboTax and others.  If you do not have documentation for your expenses and you are audited, you will be paying penalties and interest.\nBusiness expenses will NOT affect your itemized deductions.  They are reported on a separate schedule.  However, unreimbursed expenses you pay as an employee can be included as itemized deductions if they are greater than 2% of your adjusted gross income (line 37).
437986
Yes. There are several clauses state that this is a possibility. Refer http://www.irs.gov
52994
1040 long form and this one:\n\nhttp://www.irs.gov/pub/irs-pdf/p502.pdf
459844
You will need to file a W2 form for each respective year.  Therefore, you cannot combine your W-2 filings from different years on one income tax return.  \n\nThe IRS website will provide access to the income tax returns for prior years, so getting the forms will not be a problem.\n\nHowever, you will be penalized for not filing your return timely.  Secondly, you may be assessed if you are liable for greater amount of federal income tax than was originally withheld.\n\nGood luck to you!
765719
If you are earning more than $400.00 from being a nanny, you have to claim it and pay self employment tax on it. You will report this using schedule C and Schedule SE in addition to your regular 1040.
19710
Actually, you need to include the recovery amount as part of your gross income the year you got them.\n\nFor instance, you got 2001 taxable year state refund in 2004.  You need to include the 2001 state refund (part or all) in the tax year 2004.\n\nAnyhow, you should have got a 1099-G in the year 2004.\n\nOf course, Pub 525 tells you how to determine what is the correct amount of recovery. \n\nI received a Form 1099-G, for my state tax refund. Do I have to include this amount as income on my return?\n\nIf you did not itemize your deductions on your Federal tax return for the same year as the state or local tax refund applies to, do not report any of the refund as income. \n\nIf you itemized deductions on your Federal tax return for 2003, and received a refund of state or local taxes in 2004, you may have to include all or part of the refund as income on your 2004 tax return. Report your taxable State or Local Refunds on Form 1040, Line 10. You cannot use Form 1040A or 1040EZ. Refer to Tax Topic 405, Refund of State and Local Taxes , and Publication 525 , Taxable and Nontaxable Income , for further information.
240267
it depend on the following \n1)was it a rental \n2)and was used for your personal residence\n\nif it was a rental the answer is yes it is considered income which is reportable to bothe state and fedral taxes \n\nknow if the property is for personal use and it is your residence and your sold to purchase another home than no but fedral taxes are stil owed unless your new home is valued more than the one you sold in that case you need to consult a tax lawer on them laws
353407
0192 o Tax Form - At least one of the following fields must be significant for the forms listed below. Form 1040/1040A: Total Income (SEQ 0600), Adjusted Gross Income (SEQ 0750), AGI Repeated (SEQ 0770), Tax (SEQ 0915/0860), Total Credits (SEQ 1020), Total Tax (SEQ 1150), Total Payments (SEQ 1250). \n\nForm 1040EZ: Adjusted Gross Income (SEQ 0750), Taxable Income (SEQ 0820), Withholding (SEQ 1160), Total Tax (SEQ 1256), Refund (SEQ 1270) and Amount Owed (SEQ 1290).\n\n-Dwayne
371480
Yes.  You can deduct any investment-related expenses against the investment income you generate.  Use Schedule A.
392695
It depends on where you live.  Go to www.irs.gov for the answer.
246193
You can ask your employer(s) for another copy of your W-2.  Download tax forms from the IRS' web site:\nhttp://www.irs.gov
231021
You only report this if you are a trustee or issuer of an individual retirement arrangement.  However, if you get one - yes you need to report it on your 1040.
129930
Take the form 1040 for 04' and the letter to a CPA and let them check into it. We can negotiate with the IRS for you
388312
Well if you collected unemployment you have to file.  1040 EZ is the form you would need.
137920
They dont really have to send you a 1099 unless they paid you $600 or more.  You could put it on line 21 as other income.  But, the best thing to do is probably to put it on a Schedule C so you can deduct any out of pocket expenses you had associated with that income.  If you put it on Schedule C though you will have to pay Self Employment tax  of 15.3 percemt because you made over $400