Instructions for Form 1040
taxmap/instr/i1040gi-010.htm#TXMP0a9f1f92taxmap/instr/i1040gi-010.htm#TXMP02a45ef0taxmap/instr/i1040gi-010.htm#TXMP3d3d0077If you were an eligible educator in 2010, you can deduct on line
23 up to $250 of qualified expenses you paid in 2010. If you and your spouse are
filing jointly and both of you were eligible educators, the maximum deduction is
$500. However, neither spouse can deduct more than $250 of his or her qualified
expenses on line 23. You may be able to deduct expenses that are more than the
$250 (or $500) limit on Schedule A, line 21. An eligible educator is a
kindergarten through grade 12 teacher, instructor, counselor, principal, or aide
who worked in a school for at least 900 hours during a school year.
Qualified expenses include ordinary and necessary expenses paid
in connection with books, supplies, equipment (including computer equipment,
software, and services), and other materials used in the classroom. An ordinary
expense is one that is common and accepted in your educational field. A
necessary expense is one that is helpful and appropriate for your profession as
an educator. An expense does not have to be required to be considered necessary.
Qualified expenses do not include expenses for home schooling
or for nonathletic supplies for courses in health or physical education.
You must reduce your qualified expenses by the following amounts.
- Excludable U.S. series EE and I savings bond interest from
Form 8815.
- Nontaxable qualified tuition program earnings or distributions.
- Any nontaxable distribution of Coverdell education savings
account earnings.
- Any reimbursements you received for these expenses that were
not reported to you in box 1 of your Form W-2.
For more details, use TeleTax topic 458 (see page 91) or see
Pub. 529.
taxmap/instr/i1040gi-010.htm#TXMP13ab51fdtaxmap/instr/i1040gi-010.htm#TXMP6284fb0fInclude the following deductions on
line 24.
- Certain business expenses of National Guard and reserve members
who traveled more than 100 miles from home to perform services as a National
Guard or reserve member.
- Performing-arts-related expenses as a qualified performing
artist.
- Business expenses of fee-basis state or local government officials.
For more details, see Form 2106 or 2106-EZ.
taxmap/instr/i1040gi-010.htm#TXMP7b8029d4taxmap/instr/i1040gi-010.htm#TXMP7a39b19bYou may be able to take this deduction if contributions (other
than employer contributions, rollovers, and qualified HSA funding distributions
from an IRA) were made to your HSA for 2010. See Form 8889.
taxmap/instr/i1040gi-010.htm#TXMP211563c3taxmap/instr/i1040gi-010.htm#TXMP671d318aIf you moved in connection with your job or business or started
a new job, you may be able to take this deduction. But your new workplace must
be at least 50 miles farther from your old home than your old home was from your
old workplace. If you had no former workplace, your new workplace must be at
least 50 miles from your old home. Use TeleTax topic 455 (see page 91) or see
Form 3903.
taxmap/instr/i1040gi-010.htm#TXMP2deb8820taxmap/instr/i1040gi-010.htm#TXMP59d4c426If you were self-employed and owe self-employment tax, fill in
Schedule SE to figure the amount of your deduction.
taxmap/instr/i1040gi-010.htm#TXMP44e3b06ataxmap/instr/i1040gi-010.htm#TXMP6e60b932If you were self-employed or a partner, you may be able to take
this deduction. See
Pub. 560 or, if you were a minister, Pub. 517.
taxmap/instr/i1040gi-010.htm#TXMP12e86ba2taxmap/instr/i1040gi-010.htm#TXMP2da95480You may be able to deduct the amount you paid for health insurance
for yourself, your spouse, and your dependents. Effective March 30, 2010, the
insurance can also cover your child (defined on this page) who was under age 27
at the end of 2010, even if the child was not your dependent.
taxmap/instr/i1040gi-010.htm#w24811v09 | Self-Employed Health Insurance Deduction Worksheet—Line
29 - If, during 2010, you were an eligible trade adjustment
assistance (TAA) recipient, alternative TAA (ATAA) recipient, reemployment trade
adjustment assistance (RTAA) recipient, or Pension Benefit Guaranty Corporation
pension recipient, see the Note on page 29.
- Be sure you have read the
Exception
on page 29 to see if you can use this worksheet instead of Pub. 535 to figure
your deduction.
| 1. | Enter the total amount paid in 2010 for health insurance
coverage established under your business | | | | | | (or the S corporation in which you were a more-than-2%
shareholder) for 2010 for you, your spouse, and your dependents. Effective March
30, 2010, your insurance can also cover your child who was under age 27 at the
end of 2010, even if the child was not your dependent. But do not include
amounts for any month you were eligible to participate in an employer-sponsored
health plan (see page 29) or amounts paid from retirement plan distributions
that were nontaxable because you are a retired public safety officer
| 1. | | | | 2a. | Enter your net profit* and any other earned income**
from the business under which the insurance plan is established (excluding the
self-employed health insurance deduction), minus any deduction on Form 1040,
line 28. Do not include Conservation Reserve Program payments exempt from
self-employment tax
| 2a. | | | | 2b. | If you pay self-employment tax, complete Schedule SE
as a worksheet for purposes of this line. When completing Section A, line 3, or
Section B, line 3, of the worksheet Schedule SE, treat the amount from Form
1040, line 29, as zero. Enter on this line the amount shown on that worksheet
Schedule SE, Section A, line 6, or Section B, line 13
| 2b. | | | | 2c. | Subtract line 2b from line 2a | 2c. | | | | 3. | Self-employed health insurance deduction. Enter the
smaller of line 1 or line 2c here and on
Form 1040, line 29.
Do not
include this amount in figuring any medical expense deduction on Schedule A
| 3. | | | | *If you used either optional method to figure your net
earnings from self-employment, do not enter your net profit. Instead, enter the
amount from Schedule SE, Section B, line 4b. | | | **Earned income
includes net earnings and gains from the sale, transfer,
or licensing of property you created. However, it does not include capital gain
income. If you were a more-than-2% shareholder in the S corporation under which
the insurance plan is established, earned income is your Medicare wages (box 5
of Form W-2) from that corporation. |
|
One of the following statements must be true.
- You were self-employed and had a net profit for the year.
- You used one of the optional methods to figure your net earnings
from self-employment on Schedule SE.
- You received wages in 2010 from an S corporation in which
you were a more-than-2% shareholder. Health insurance premiums paid or
reimbursed by the S corporation are shown as wages on Form W-2.
A child includes your son, daughter, stepchild, adopted child,
or foster child (defined on page 17).
The insurance plan must be established under your business. Your
personal services must have been a material income-producing factor in the
business. If you are a more-than-2% shareholder in an S corporation, the plan
must be established by the S corporation. A plan is established by the S
corporation if (a) the S corporation makes the premium payments for the policy
in 2010 or (b) you make the premium payments and furnish proof of payment to the
S corporation and then the S corporation reimburses you for the premium payments
in 2010. You can deduct the premiums only if the S corporation reports the
premiums paid or reimbursed as wages in box 1 of your Form W-2 in 2010 and you
also report the premium payments or reimbursements as wages on Form 1040, line
7.
But if you were also eligible to participate in any subsidized
health plan maintained by your or your spouse's employer for any month or part
of a month in 2010, amounts paid for health insurance coverage for that month
cannot be used to figure the deduction. In addition, effective March 30, 2010,
if you were eligible for any month or part of a month to participate in any
subsidized health plan maintained by the employer of either your dependent or
your child who was under age 27 at the end of 2010, do not use amounts paid for
coverage for that month to figure the deduction.
If you were eligible to participate in a subsidized health plan
maintained by your spouse's employer from September 30 through December 31, you
cannot use amounts paid for health insurance coverage for September through
December to figure your deduction.
Medicare Part B premiums can be used to figure the deduction.
Amounts paid for health insurance coverage from retirement plan distributions
that were nontaxable because you are a retired public safety officer cannot be
used to figure the deduction.
For more details, see Pub. 535.
Note.(p29)
If, during 2010, you were an eligible trade adjustment assistance
(TAA) recipient, alternative TAA (ATAA) recipient, reemployment trade adjustment
assistance (RTAA) recipient, or Pension Benefit Guaranty Corporation pension
recipient, you must complete Form 8885 before completing the worksheet on page
28. When figuring the amount to enter on line 1 of the worksheet on page 28, do
not include:
- Any amounts you included on Form 8885, line 4,
- Any qualified health insurance premiums you paid to
U.S. Treasury-HCTC,
or - Any health coverage tax credit advance payments shown in box
1 of Form 1099-H.
If you qualify to take the deduction, use the worksheet on page
28 to figure the amount you can deduct.
taxmap/instr/i1040gi-010.htm#TXMP77bef364Use Pub. 535 instead of the worksheet on page 28 to figure your
deduction if any of the following applies.
- You had more than one source of income subject to self-employment
tax.
- You file Form 2555 or 2555-EZ.
- You are using amounts paid for qualified long-term care insurance
to figure the deduction.
The Form 1099-INT or Form 1099-OID you received will show the
amount of any penalty you were charged.
taxmap/instr/i1040gi-010.htm#TXMP3dabd7a3taxmap/instr/i1040gi-010.htm#TXMP2e769795If you made payments to or for your spouse or former spouse under
a divorce or separation instrument, you may be able to take this deduction. Use
TeleTax topic 452 (see page 91) or see Pub. 504.
taxmap/instr/i1040gi-010.htm#TXMP4d7da660taxmap/instr/i1040gi-010.htm#TXMP7811e6d1 | If you made any nondeductible contributions to a traditional
individual retirement arrangement (IRA) for 2010, you must report them on Form
8606. |
If you made contributions to a traditional IRA for 2010, you
may be able to take an IRA deduction. But you, or your spouse if filing a joint
return, must have had earned income to do so. For IRA purposes, earned income
includes alimony and separate maintenance payments reported on line 11. If you
were a member of the U.S. Armed Forces, earned income includes any nontaxable
combat pay you received. If you were self-employed, earned income is generally
your net earnings from self-employment if your personal services were a material
income-producing factor. For more details, see Pub. 590. A statement should be
sent to you by May 31, 2011, that shows all contributions to your traditional
IRA for 2010.
Use the worksheet on pages 30 and 31 to figure the amount, if
any, of your IRA deduction. But read the following list before you fill in the
worksheet.
- If you were age 701/2
or older at the end of 2010, you cannot deduct any contributions made to your
traditional IRA for 2010 or treat them as nondeductible contributions.
- You cannot deduct contributions to a Roth IRA. But you may
be able to take the retirement savings contributions credit (saver's credit).
See the instructions for line 50 on page 38.
 | If you are filing a joint return and you or your spouse made
contributions to both a traditional IRA and a Roth IRA for 2010, do not use the
worksheet on pages 30 and 31. Instead, see Pub. 590 to figure the amount, if
any, of your IRA deduction. |
- You cannot deduct elective deferrals to a 401(k) plan, 403(b)
plan, section 457 plan, SIMPLE plan, or the federal Thrift Savings Plan. These
amounts are not included as income in box 1 of your Form W-2. But you may be
able to take the retirement savings contributions credit. See the instructions
for line 50 on page 38.
- If you made contributions to your IRA in 2010 that you deducted
for 2009, do not include them in the worksheet.
- If you received income from a nonqualified deferred compensation
plan or nongovernmental section 457 plan that is included in box 1 of your Form
W-2, or in box 7 of Form 1099-MISC, do not include that income on line 8 of the
worksheet. The income should be shown in (a) box 11 of your Form W-2, (b) box 12
of your Form W-2 with code Z, or (c) box 15b of Form 1099-MISC. If it is not,
contact your employer or the payer for the amount of the income.
- You must file a joint return to deduct contributions to your
spouse's IRA. Enter the total IRA deduction for you and your spouse on line 32.
- Do not include qualified rollover contributions in figuring
your deduction. Instead, see the instructions for lines 15a and 15b that begin
on page 22.
- Do not include trustees' fees that were billed separately
and paid by you for your IRA. These fees can be deducted only as an itemized
deduction on Schedule A.
- Do not include any repayments of qualified reservist distributions.
You cannot deduct them. For information on how to report these repayments, see
Qualified reservist repayments in Pub. 590.
- If the total of your IRA deduction on line 32 plus any nondeductible
contribution to your traditional IRAs shown on Form 8606 is less than your total
traditional IRA contributions for 2010, see Pub. 590 for special rules.
| By April 1 of the year after the year in which you turn age
701/2, you must start taking minimum required distributions from
your traditional IRA. If you do not, you may have to pay a 50% additional tax on
the amount that should have been distributed. For details, including how to
figure the minimum required distribution, see Pub. 590. |
taxmap/instr/i1040gi-010.htm#TXMP0b238112If you were covered by a retirement plan (qualified pension,
profit-sharing (including 401(k)), annuity, SEP, SIMPLE, etc.) at work or
through self-employment, your IRA deduction may be reduced or eliminated. But
you can still make contributions to an IRA even if you cannot deduct them. In
any case, the income earned on your IRA contributions is not taxed until it is
paid to you.
The
Retirement plan
box in box 13 of your Form W-2 should be checked if you were covered by a plan
at work even if you were not vested in the plan. You are also covered by a plan
if you were self-employed and had a SEP, SIMPLE, or qualified retirement plan.
If you were covered by a retirement plan and you file Form 2555,
2555-EZ, or 8815, or you exclude employer-provided adoption benefits, see Pub.
590 to figure the amount, if any, of your IRA deduction.
taxmap/instr/i1040gi-010.htm#TXMP22860aa7If you were not covered by a retirement plan but your spouse
was, you are considered covered by a plan unless you lived apart from your
spouse for all of 2010.
| You may be able to take the retirement savings contributions
credit. See the line 50 instructions on page 38. |
taxmap/instr/i1040gi-010.htm#w24811v13 | IRA Deduction Worksheet—Line 32 (p31)
| If you were age 701/2
or older at the end of 2010, you cannot deduct any contributions made to your
traditional IRA or treat them as nondeductible contributions.
Do not complete this worksheet for anyone age 701/2
or older at the end of 2010. If you are married filing jointly and only one
spouse was under age 701/2
at the end of 2010, complete this worksheet only for that spouse. |
- Be sure you have read the list on page 29. You may not
be able to use this worksheet.
- Figure any write-in adjustments to be entered on the dotted
line next to line 36 (see the instructions for line 36 on page 33).
- If you are married filing separately and you lived apart
from your spouse for all of 2010, enter "D" on the dotted line next to Form
1040, line 32. If you do not, you may get a math error notice from the IRS.
| | Your IRA | Spouse's IRA | | | 1a. | | Were you covered by a retirement plan (see above)? | 1a. | |
Yes
No | | | | b. | | If married filing jointly, was your spouse covered by
a retirement plan? | 1b. | |
Yes
No | | | | Next.
If you checked "No" on line 1a (and "No" on line 1b if married filing jointly),
skip lines 2 through 6, enter the applicable amount below on line 7a (and line
7b if applicable), and go to line 8.
- $5,000, if under age 50 at the end of 2010.
- $6,000, if age 50 or older but under age 701/2 at the end of 2010.
Otherwise, go to line 2.
| | | | 2. | | Enter the amount shown below that applies to you. | | | | |
- Single, head of household, or married filing separately
and you
lived apart
from your spouse for all of 2010, enter
$66,000
| | | | |
- Qualifying widow(er), enter $109,000
|
 | 2a. | | | 2b. | | | | | |
- Married filing jointly, enter $109,000 in both columns.
But if you checked
"No" on either line 1a or 1b, enter
$177,000 for the person who was not
covered by a plan
- Married filing separately and you lived with your spouse
at any time in 2010,
enter $10,000
| | | | 3. | | Enter the amount from Form 1040, line 22 | 3. | | | | | | 4. | | Enter the total of the amounts from Form 1040, lines
23 through 31a, plus any write-in adjustments you entered on the dotted line
next to line 36
| 4. | | | | | | 5. | | Subtract line 4 from line 3. If married filing jointly,
enter the result in both columns | 5a. | | | 5b. | | | | | 6. | | Is the amount on line 5 less than the amount on line
2? | | | | | |
No. |
| None of your IRA contributions are deductible. For details
on nondeductible IRA contributions, see Form 8606. | | | | | |
Yes. | Subtract line 5 from line 2 in each column. Follow the
instruction below that applies to you. | | | | | | |
- If single, head of household, or married filing separately,
and the result is $10,000 or more, enter the applicable amount
below on
line 7 for that column and go to line
8.
i. $5,000, if under age 50 at the end of 2010.
ii. $6,000, if age 50 or older but under age 701/2 at the end
of 2010.
Otherwise, go to line 7.
|
| 6a. | | | 6b. | | | | | | | |
- If married filing jointly or qualifying widow(er),
and the result is
$20,000 or more ($10,000 or more in the column for the IRA of
a person who was not covered by a retirement
plan), enter the
applicable amount below on line 7 for
that column and go to
line 8.
i. $5,000, if under age 50 at the end of 2010.
ii. $6,000 if age 50 or older but under age 701/2 at the end
of 2010.
Otherwise, go to line 7.
| | |
|
taxmap/instr/i1040gi-010.htm#w24811v44IRA Deduction Worksheet—Continued from page 30 | | | | | | Your IRA | Spouse's IRA | | | 7. | | Multiply lines 6a and 6b by the percentage below that
applies to you. If the result is not a multiple of $10, increase it to the next
multiple of $10 (for example, increase $490.30 to $500). If the result is $200
or more, enter the result. But if it is less than $200, enter $200.
| | | | |
- Single, head of household, or married filing separately,
multiply by 50%
(.50) (or by 60% (.60) in the column
for the IRA of a person who is age
50 or older at the end of 2010)
|
| 7a. | | | 7b. | | | | | |
- Married filing jointly or qualifying widow(er), multiply
by 25% (.25) (or by
30% (.30) in the column for the IRA
of a person who is age 50 or older at
the end of 2010). But if you checked
"No" on either line 1a or 1b, then in
the column for the IRA of the person
who was not covered by a retirement
plan, multiply by 50% (.50) (or by 60%
(.60) if age 50 or older at the end
of 2010)
| | | | 8. | | Enter the total of your (and your spouse's if filing
jointly): | | | | | | | |
- Wages, salaries, tips, etc. Generally, this is the
amount reported in box 1 of Form W-2.
See page 29
for exceptions
|
8.
| | | | | | |
- Alimony and separate maintenance payments reported
on Form 1040, line 11
| | | | | | |
- Nontaxable combat pay. This amount should be
reported in box 12 of Form W-2 with
code Q
| | | | | | | | | | | | | 9. | | Enter the earned income you (and your spouse if filing
jointly) received as a self-employed individual or a partner. Generally, this is
your (and your spouse's if filing jointly) net earnings from self-employment if
your personal services were a material income-producing factor, minus any
deductions on Form 1040, lines 27 and 28. If zero or less, enter -0-. For more
details, see Pub. 590
| 9. | | | | | | 10. | | Add lines 8 and 9 | 10. | | | | | | | | | | | | | | | | | | |
| If married filing jointly and line 10 is less than $10,000
($11,000 if one spouse is age 50 or older at the end of 2010; $12,000 if both
spouses are age 50 or older at the end of 2010),
stop here and see Pub. 590 to figure your IRA deduction. | | | | 11. | | Enter traditional IRA contributions made, or that will
be made by April 18, 2011, for 2010 to your IRA on line 11a and to your spouse's
IRA on line 11b
| 11a. | | | 11b. | | | | | 12. | | On line 12a, enter the
smallest of line 7a, 10, or 11a. On line 12b, enter the
smallest
of line 7b, 10, or 11b. This is the most you can deduct. Add the amounts on
lines 12a and 12b and enter the total on Form 1040, line 32. Or, if you want,
you can deduct a smaller amount and treat the rest as a nondeductible
contribution (see Form 8606)
| 12a. | | | 12b. | | | | | | | | | |
|
taxmap/instr/i1040gi-010.htm#TXMP083ed38ctaxmap/instr/i1040gi-010.htm#TXMP7dc376f2You can take this deduction only if all of the following apply.
- You paid interest in 2010 on a qualified student loan (see
below).
- Your filing status is any status except married filing separately.
- Your modified adjusted gross income (AGI) is less than: $75,000
if single, head of household, or qualifying widow(er); $150,000 if married
filing jointly. Use lines 2 through 4 of the worksheet below to figure your
modified AGI.
- You, or your spouse if filing jointly, are not claimed as
a dependent on someone else's (such as your parent's) 2010 tax return.
Use the worksheet below to figure your student loan interest
deduction.
taxmap/instr/i1040gi-010.htm#TXMP6c5e9e10Use Pub. 970 instead of the worksheet below to figure your student
loan interest deduction if you file Form 2555, 2555-EZ, or 4563, or you exclude
income from sources within Puerto Rico.
taxmap/instr/i1040gi-010.htm#TXMP1f526027A qualified student loan is any loan you took out to pay the
qualified higher education expenses for any of the following individuals.
- Yourself or your spouse.
- Any person who was your dependent when the loan was taken
out.
- Any person you could have claimed as a dependent for the year
the loan was taken out except that:
- The person filed a joint return,
- The person had gross income that was equal to or more than
the exemption amount for that year ($3,650 for 2010), or
- You, or your spouse if filing jointly, could be claimed
as a dependent on someone else's return.
The person for whom the expenses were paid must have been an
eligible student (see this page). However, a loan is not a qualified student
loan if (a) any of the proceeds were used for other purposes, or (b) the loan
was from either a related person or a person who borrowed the proceeds under a
qualified employer plan or a contract purchased under such a plan. To find out
who is a related person, see Pub. 970.
taxmap/instr/i1040gi-010.htm#w24811v05 | Student Loan Interest Deduction Worksheet—Line 33 - Figure any write-in adjustments to be entered on the dotted
line next to line 36 (see the instructions for line 36 on page 33).
- Be sure you have read the
Exception
above to see if you can use this worksheet instead of Pub. 970 to figure your
deduction.
| | | | 1. | | Enter the total interest you paid in 2010 on qualified
student loans (see above). Do not enter more than $2,500
| 1. | | | | 2. | | Enter the amount from Form 1040, line 22 | 2. | | | | | 3. | | Enter the total of the amounts from Form 1040, lines
23 through 32, plus any write-in adjustments you entered on the dotted line next
to line 36
| 3. | | | | | 4. | | Subtract line 3 from line 2 | 4. | | | | | 5. | | Enter the amount shown below for your filing status. | | | | |
- Single, head of household, or qualifying widow(er)—$60,000
- Married filing jointly—$120,000
|
| | 5. | | | | | 6. | | Is the amount on line 4 more than the amount on line
5? | | | | | | | |
No. | Skip lines 6 and 7, enter -0- on line 8, and go to line
9. | | | | | | | |
Yes. | Subtract line 5 from line 4 | 6. | | | | | 7. | | Divide line 6 by $15,000 ($30,000 if married filing jointly).
Enter the result as a decimal (rounded to at least three places). If the result
is 1.000 or more, enter 1.000
| 7. | . | | | 8. | | Multiply line 1 by line 7 | 8. | | | | 9. | | Student loan interest deduction. Subtract line 8 from line 1. Enter the result here
and on
Form 1040, line 33.
Do not
include this amount in figuring any other deduction on your return (such as on
Schedule A, C, E, etc.)
| 9. | | | | | |
|
taxmap/instr/i1040gi-010.htm#TXMP4d431ec2Qualified higher education expenses generally include tuition,
fees, room and board, and related expenses such as books and supplies. The
expenses must be for education in a degree, certificate, or similar program at
an eligible educational institution. An eligible educational institution
includes most colleges, universities, and certain vocational schools. You must
reduce the expenses by the following benefits.
- Employer-provided educational assistance benefits that are
not included in box 1 of Form(s) W-2.
- Excludable U.S. series EE and I savings bond interest from
Form 8815.
- Any nontaxable distribution of qualified tuition program earnings.
- Any nontaxable distribution of Coverdell education savings
account earnings.
- Any scholarship, educational assistance allowance, or other
payment (but not gifts, inheritances, etc.) excluded from income.
For more details on these expenses, see Pub. 970.
taxmap/instr/i1040gi-010.htm#TXMP5ebbe1b2An eligible student is a person who:
- Was enrolled in a degree, certificate, or other program (including
a program of study abroad that was approved for credit by the institution at
which the student was enrolled) leading to a recognized educational credential
at an eligible educational institution, and
- Carried at least half the normal full-time workload for the
course of study he or she was pursuing.
If you paid qualified tuition and fees for yourself, your spouse,
or your dependent(s), you may be able to take this deduction. See Form 8917.
| You may be able to take a credit for your educational expenses
instead of a deduction. See the instructions for line 49 on page 38 for details. |
taxmap/instr/i1040gi-010.htm#TXMP2fb141eftaxmap/instr/i1040gi-010.htm#TXMP4c5020f5You may be able to deduct up to 9% of your qualified production
activities income from the following activities.
- Construction of real property performed in the United States.
- Engineering or architectural services performed in the United
States for construction of real property in the United States.
- Any lease, rental, license, sale, exchange, or other disposition
of:
- Tangible personal property, computer software, and sound
recordings that you manufactured, produced, grew, or extracted in whole or in
significant part in the United States,
- Any qualified film you produced, or
- Electricity, natural gas, or potable water you produced
in the United States.
In certain cases, the references above to the United States include
Puerto Rico.
Your deduction may be reduced if you had oil-related qualified
production activities income.
The deduction does not apply to income derived from:
- The sale of food and beverages you prepared at a retail establishment;
- Property you leased, licensed, or rented for use by any related
person;
- The transmission or distribution of electricity, natural gas,
or potable water; or
- The lease, rental, license, sale, exchange, or other disposition
of land.
For details, see Form 8903 and its instructions.
taxmap/instr/i1040gi-010.htm#TXMP5646d3acInclude in the total on line 36 any of the following write-in
adjustments. To find out if you can take the deduction, see the form or
publication indicated. On the dotted line next to line 36, enter the amount of
your deduction and identify it as indicated.
- Archer MSA deduction (see Form 8853). Identify as
MSA.
- Jury duty pay if you gave the pay to your employer because
your employer paid your salary while you served on the jury. Identify as
Jury Pay.
- Deductible expenses related to income reported on line 21
from the rental of personal property engaged in for profit. Identify as
PPR.
- Reforestation amortization and expenses (see Pub. 535). Identify
as
RFST.
- Repayment of supplemental unemployment benefits under the
Trade Act of 1974 (see Pub. 525). Identify as
Sub-Pay TRA.
- Contributions to section 501(c)(18)(D) pension plans (see
Pub. 525). Identify as
501(c)(18)(D).
- Contributions by certain chaplains to section 403(b) plans
(see Pub. 517). Identify as
403(b).
- Attorney fees and court costs for actions involving certain
unlawful discrimination claims, but only to the extent of gross income from such
actions (see Pub. 525). Identify as
UDC.
- Attorney fees and court costs you paid in connection with
an award from the IRS for information you provided that helped the IRS detect
tax law violations, up to the amount of the award includible in your gross
income. Identify as
WBF.
If line 37 is less than zero, you may have a net operating loss
that you can carry to another tax year. See the Instructions for Form 1045 for
details.
Previous Page |
Table of Contents |
Index |
Next Page
