Schedules

0.0(0)
Studied by 0 people
call kaiCall Kai
learnLearn
examPractice Test
spaced repetitionSpaced Repetition
heart puzzleMatch
flashcardsFlashcards
GameKnowt Play
Card Sorting

1/7

encourage image

There's no tags or description

Looks like no tags are added yet.

8 Terms

1
New cards

Schedule A

Itemized Deductions

2
New cards

Schedule B

Interest and Dividend Income 


3
New cards

Schedule C

Self-employment income/Expenses

4
New cards

Schedule D

Capital Gains/Losses

5
New cards

Schedule E, page 1

Rental Income/Expenses

6
New cards

Schedule E, page 2

K-1 Income: K-1 is income from other assets LLCs, trusts, partnerships 

7
New cards

Exclusions from gross income

Alimony (After 2018)

Child support payments

Life Insurance paid after death

Scholarship grants (to an extent)

Gifts

Inheritances

Workers compensation benefits

Interest from state and locals bonds (municipal bonds)

8
New cards

Gross Income Items

Awards

Dividends

Bargain purchase from employer

compensation for services

Debts forgiveness

Gains from property sale

Hobby income

interest

rents

rewards

wages

prices

partnership income

pension distributions