Schedules Flashcards
1
Q
Form 1040
A
Comprehensive Personal Income
2
Q
Schedule C
A
Self Employment Income
Flows through Schedule 1 - > 1040
3
Q
Schedule 1
A
Additional Income and Adjustments to Income
Flows to 1040
4
Q
Schedule B
A
Interest and Dividend Income
Direct to 1040
5
Q
Schedule E
A
Rental Activity, Royalties, Partnership, S Corp, Estate and Trust
Flows to Schedule 1 –> 1040
6
Q
Schedule D
A
Capital Gains and Losses (limited to $3000 per year)
Direct to 1040
Details on Form 8949
7
Q
Form 8949
A
Details of Sales/Disposal of Assets
Flow: Schedule D –> 1040
8
Q
Schedule 1 part 2
A
Adjustments for AGI
9
Q
Schedule A
A
Itemized Deductions
Direct to 1040
10
Q
Form 8995
A
Qualified Business Deduction (QBI)
11
Q
Schedule 2
A
Additional Taxes
included Self Employment Tax
