Skylar and Walter Black have been married for 25 years. They live at 883 Scrub Brush Street, Apt. 52B, Las Vegas, NV 89125. Skylar is a stay-at-home parent and Walt is a high school teacher. Skylars Social Security number is 222-43-7690 and Walts is 700-01-0002. Neither are age 65 or older. The Blacks provide all the support for Skylars mother, Rebecca Backin (Social Security number 411-66-2121), who lives in a nursing home in Reno, NV and has no income. Walters father, Alton Black (Social Security number 343-22-8899), lives with the Blacks in Las Vegas. Although Alton received Social Security benefits of $7,600 in 2019, the Blacks provide over half of Al-tons support. Skylar and Walt claim a $500 other dependent credit each for Rebecca and Alton. Walts earnings from teaching are:
The Blacks moved from Maine to Nevada. As a result, they sold their house in Maine on January 4, 2019. They originally paid $76,000 for the home on July 3, 1994, but managed to sell it for $604,000. They spent $13,000 on improvements over the years. They are currently renting in Las Vegas while they look for a new home.
The Blacks own a ski condo located at 123 Buncombe Lane, Brian Head, UT 84719. The condo was rented for 185 days during 2019 and used by the Blacks for 15 days. The rental activity does not rise to the level to qualify for the QBI deduction. Pertinent information about the condo rental is as follows:
| Rental Income | $12,100 |
| Mortgage interest reported on Form 1098 | 8,600 |
| Homeowners association dues | 5,200 |
| Utilities | 1,200 |
| Maintenance | 3,800 |
| Depreciation (assume fully depreciated) | 0 |
The above amounts do not reflect any allocation between rental and personal use of the condo. The Blacks are active managers of the condo.
Required: Complete the Blacks federal tax return for 2019. Use Form 1040, Schedule 1, Schedule D, Form 8949, Schedule E (page one only), Form 8582 (page one only) and the Qualified Dividends and Capital Gain Tax Worksheet to complete their tax return.
and Alton. Walt's earnings from teaching are: Choosocia U mber Sote BOOT 700-01-0002 OMB NO. 154 COCO we file b oylcenticationbar IN We aroc 51.200.00 4.310.00 31-1239867 CONTACT Las Vegas School District 2234 Vegas Valley Drive Las Vegas, NV 89169 51,200.00 MOC Wages and sps 51,200.00 3,174.40 742.40 Alonso DD$7.900.00 Walter Black 883 Scrub Brush Street, Apt 52B Las Vegas, NV 89125 NV V W Wasce and Tax Statement Copy-To Be Fed with Employee's FEDERAL Tax Return 2019 The Blacks received the following 1099-DIV from their mutual fund investments: GMK NO 1545 011 2019 Dividends and Distributions CORRECTED i checked) PAYERS s o r o r province, Country. Pta Total ordinary duide 1.425.00 Cyber Funds Equities Fund 41 Wall Street New York, NY 10005 1.002.00 $ 6.540.34 POMENTS TN 17-1234326 222-43-7690 Form 1099-Dry Copy B For Rocipient IS Skylar B. Black ol III 3151 10 883 Scrub Brush Street #52B Las Vegas, NV 89125 Las Vegas, NV 89125 ou seconds HII 1 For 1099-DIV Deep for your records Depart at they-hewewe Service U.S. Individual Income Tax Return OMB No. 1545-0074 S Use Ony-Do not whersale ng Status only bok Single Married fing anty Married Wingspataly MFS Hand of household (HOH) Qualitying widow(or cow If you checked the MFS box, enter the name of spouse. If you checked the HOH or CW box, enter the child's name if the qualitying person is achid but not your dependent and middential Last namo Your social security number Your first Spouse's social security number ont return, sone's first me and middental Last name Home Address number and street). If you have a PO, Box, se instructions Presidential Election Campaign Apt.no Check here you or your spoused in unty want to go to the fond Cv. town or post office date and ZIP code. If you have a foreign address, also complete spaces below (see ristructions) Checkung a box below not change you surround you spoune Foreign country name Foreign province'state county Foreign pont.cooh more than four dependents See Instructions and here Standard Someone can claim you as a dependent Your spouse as a dependent Doduction Spoustemes on a separato return or you were a status alien Aga/tiends You Were born before Jawy 2, 165 Are blind Spouse. Was bom before January 2, 1905 is bind Dopondents (soo instructions): Secil seavily unter d emiple you (4/ques for free Ostand edit toer depende DO + 2 T 3. Wasses, tips, Attach FomeW-2 empt interest b Tablet Attach Sch Bird Ousted videos Orwy dwind Nachsch B red bom Table wount Pemim da d Tanatownout Soow cut benetes Taxable mount Capt Attach Sche r ed if not read check here! Orcome from the 19 1,20, 3, 4, 40, dl The your total income to conto che line und in frontein Thesis your sted grous income Standard deduction or remise deductens dom Sched LG e here to search crm 1010 0019 12 T (mt) Cod Taylonom. 114 24972 3 1 2 Sh 2, 3, wine 12 denter the total 13 C ontacred low dependent Malinowie went the tot 1 130 . 176. I 2000 16 Owe ndung employment tax from schad 2, in 10 16 AM 14 15 This is you to tak 17 Telcome tax www om Forms 2 nd 100 y O w nditia credite del concedit ) NIK . www.M. Alche 0012 we d stromom , in 14 1 Trang The way to other payments and rehndable credits 10 A 12 w a wayar total payments Refund 20 1 0 mar . 16, cine 16 Fomine 10 This is the ant you owerport 21 Martie 20 you will retunded to you. Itom sa k the checker! U yw Chang Own N.com Naudiny w plied to you 2020 estimated to Amount 2 mount you owe te om 16 h ow to pay mucos You Owo small Third Party Do you wito www p orn your pod prepww lodomireturn with the entr Designee Dhuha 1de IM 3 a 1 y No no Sign we w Mwand ere + Fit to page D Page view A Read aloud Add notes - And tax cr Antichu12. American opportu red from Forma t - . . d Schedule ne 14 - - - - - . A t ough1 Theme you t he payments and rendberet 10 A17 The you ts 20 1 0 more than 16. 16 Brom 19. This is the amount you ever - - 21a Aunor your to you. Form a tached, check here Type Checking - Refund 21 O Savings to b Amount 23 you You Owe 24 metry Third Party Do you want to w her Designee e 16. For details on how to pay scans 24 than you paid prepare to do this return with the RS7 e e ructions Yes Completo No Personalkostication Sign Here You You ocupat If you an entity o r both Date pouse's c on Paid Preparer Use Only to 1040 arch & Attache 01 o file:///C:/Users/betha/Downloads/f10401%20(1).pdf + Fit to page Page view | A' Read aloud l Add notes Additional income and Adjustments to income Form 1040 or 1040 SR 2019 Attach to Form 1040 or 1040-SR. Department of the Treasury Bervice Go to www.irs.gov/Form 10-40 for instructions and the latest Information. Name shown on Form 1040 1040-SR Your social security aber At any time during 2019, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any Yes No Virtual currency? Part1 Additional Income 1 Taxable refunds, credits, or offsets of state and local income taxes. . . . 2a Alimony received b Date of original divorce or separation agreement (see instructions) 3 Business Income or loss). Attach Schedule C. - . . . Other gains or losses). Attach Form 4797 . Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedulo E Farm Income or oss). Attach Schedule F - - - - - - - - - - - - - - - Unemployment compensation - - - - - - - - - - - - - - - - - - - - - Other income. List type and amount 12 Combine lines 1 through B. Enter here and on Form 1040 or 10-10-SR line 7 Part II Adjustments to Income 10 Educator expenses Certain business expenses of reservists, performing artists, and fee-basis government officials. Attach Form 2106 Health savings account deduction. Attach Form B889 13 Moving expenses for members of the Armed Forces. Attach Form 3903 Deductible part of self-employment tax. Attach Schedule SE 15 Self-employed SEP SIMPLE, and qualified plans 16 Self-employed health insurance deduction 17 Penalty on early withdrawal of savings 17 1Ba Amory paid b Recipient's SSN Date of original divorce of separation agreement (see instructions) IFA deduction 20 Student loan interest deduction 21 Tuition and tees Altach Form 8017 22 Add lines 10 through 21 These are your adjustments to income. Enter here and on Form 1010 or 1040-SR Wine Ba For Paperwork Reduction Act Notice, see your tax return instructions Cate 14 che Form 10-40 here to search 16 19 TOHO SR) 2010 of 2 - + Fit to page Page View A Read aloud L Add notes SCHEDULE SE Form 1040 or 1040-SR Self-Employment Tax OMO No. 1545-0074 2019 Attachment Secc No. 17 o to www.iro Attach to Foto 10 Department of the Truy vetervice Name of person with employment Go to www.in.gov/ScheduleSE for instructions and the latest Information Attach to Form 1040, 1040-SR, or 1040-NR. me shown on om 100, 1040 SR, OF 1040-NFO Social security number of person with self-employment income Before you begin: To determine if you must file Schedule SE, see the instructions. May I Uso Short Schedule SE or Must I Uso Long Schedulo SE? Note: Use this towchart only if you must file Schedule SE. If unsure, see Who Must File Schedule SE in the instructions Did you receive wages or tips in 20197 Ne yo te mendofar der, or Cristian w e werd not to be az ongs from the but you owellery tax on other weg? Was the total of your wages d e to or railroad retween the 1) tax pke your new som e more than $130.2007 s i ly from ont de wale wot 106 No You may Short Schechie SE below You must Long Scheche SEO Section A-Short Schedule SE. Caution Read above to see if you can use short checule SE. ta Not farm profit or loss) from Schedule Fline 34, and farm partnerships, schedule K-1 Form 1065), - + to page Page view A Read aloud Add notes Did you report any wage on Form 2010, Uncollected social Security and Macare TAN on Wages? Du you receive creamployee income se natruation reported on Form W2 of 1000 or more INo You may Short Schedule SE below You must use Long Schedule SE on page 2 Section A-Short Schedule SE. Caution: Read above to see if you can use Short Schedule SE. 1a Not farm profit or (ons) from Schedule F. line 34, and farm partnerships, Schedule K-1 Form 1006), box 14, code A. - - - - - b If you received social security retirement or disability benefits, enter the amount of Conservation Reserve Program payments included on Schedule F. line 4b, or listed on Schedule K-1 (Form 1006). box 20, code AH . . . . . . . . . . . . . . . . . . . . . . . - - Net pront or loss) from Schedule C, line 31; and Schedule K-1 (Form 1065), box 14, code A (other than farming). Ministers and members of religious orders, see instructions for types of income to report on this line. See instructions for other income to report - Combine lines 1a, 1b, and 2 Multiply line 3 by 02.35% (0.0235). If less than $100, you don't owe self employment tax don't ne this schedule unless you have an amount on line 1b. - Note: If line 4 in less than $100 due to Conservation Reserve Program payments on line 1b, so instructions Self-employment tax. If the amount on line 4 is: 5132,000 or loss, multiply line 4 by 15.3% (0.153). Enter the result here and on Schedule 2 (Form 1040 or 1040-SR), line 4, or Form 1040-NR, line 55. - More than $132.000, multiply line 4 by 2.0% (0.029). Then, add $16,479.00 to the result. Enter the total here and on Schedule 2 (Form 1040 or 1040-SA), line 4, or Form 1040-NR, line 55. 5 Deduction for one-half of self-employment tax. Multiply line 5 by 50% (0.50). Enter the result here and on Schedule 1 (Form 1040 or 1040-SR), line 14, or Form 1040-NR, line 27 For Paperwork Redaction Act Notice, see your tax return instructions Cat No 11352 Bethe SE om 1040 16 1040 SRO 2010 of 2 l + Ft to page Page View A Read moud Add notes Page 2 Schedule SE Form 1040 or 1040-5F) 2010 Attachment Sequence No. 17 Name of person with c omployment income as shown on Form 1040, 1040-BRO 1040 NR) Social Security number of person with self-employment income Section B-Long Schedule SE Part1 Solf-Employment Tax Note: If your only income subject to self-employment tax is church employee income, see instructions. Also see instructions for the definition of church employee income. A If you are a minister, member of a religious order, or Christian Science practitioner and you filed Form 4361, but you had $400 or more of other net earnings from self-employment, check here and continue with Parti . . . . . . . . 1a Not farm profit or loss) from Schedule F, line 34, and farm partnerships, Schedule K-1 (Form 1065). la BOX 14, code A. Note: Skip lines Ta and 1b if you use the farm optional method (see instructions) b If you received social security retirement or disability benefits, enter the amount of Conservation Reserve Program payments included on Schedule F, line 4b, or listed on Schedule K-1 (Form 1065), box 20, code AH Net profit or (los) from Schedule C, line 31; and Schedule K-1 (Form 1065), box 14, code A (other than farming). Ministers and members of religious orders, see instructions for types of income to report on this line. See instructions for other income to report. Note: Skip this line if you use the nontarm optional method (nee instructions) . . . . . . . . . . . . . . . . . . . Combine lines 1a, 1b, and 2. 4a If line 3 is more than zero, multiply line 3 by 92.35% (0.9235). Otherwise, enter amount from line 3 Note: If line 4a is less than $400 due to Conservation Reserve Program payments on line 1b, see instructions. b If you elect one or both of the optional methods, enter the total of lines 15 and 17 hore - - - Combine lines 4a and 4b. If loss than $400, stop: you don't owe self-employment tax. Exception: If less than $400 and you had church employee income, entor -o- and continue 40 5a Enter your church employee income from Form W-2. See instructions for definition of church employee income . . . b Multiply line sa by 92.35% (0.9235). If less than $100, entor -o- . . . . . . Add lines 4 and 5b . 7 Maximum amount of combined wages and solf-employment earnings subject to social security tax or the 6.2% portion of the 7.65% railroad retirement (tier 1) tax for 2019. 7 152.900 Ba Total social security wagos and tips (total of boxes 3 and 7 on Form(s) W-2) and railroad retirement (tior 1) compensation. If $132.000 or more, skip lines Bb through 10, and go to line 11 Ba b Unreported tips subject to social security tax (from Form 4137, line 10) Wages subject to social security tax (from Form 8919, line 10) . . . Bc B Bb 132.900 10 - + Ft to page Page View A Read aloud Add notes b Multiply line 5a by 92.35% (0.9235). If less than $100, enter-O- . . . . . . . . . . . . . 5b 6 Add lines 4 and 5b . . . . . . . . . . . . . . . . . . . . . 7 Maximum amount of combined wages and self-employment earnings subject to social security tax or 7 tho 6.2% portion of the 7.65% railroad retirement (tier 1) tax for 2019. . . . Bn Total social security wages and tips (total of boxes 3 and 7 on Form(s) W-2) and railroad retirement (tier 1) compensation. If $132,900 or more, skip lines 8b through 10, and go to line 11 . Ba b Unreported tips subject to social security tax (from Form 4137, line 10) . . Wages subject to social security tax (from Form 8919, line 10) - . . . . Bc d Add lines Ba, Bb, and B . . . . . . . . . . . . . . . . Subtract lino Bd from line 7. If zero or loss, enter - here and on line 10 and go to line 11 ... Multiply the smaller of line 6 or line 9 by 12.4% (0.124). . . . . . . . . . . . Multiply line 6 by 2.9% (0.029). . . 12 Self-employment tax. Add lines 10 and 11. Enter here and on Schedule 2 (Form 1040 or 1040-SR). line 4, or Form 1040-NR, line 55 . . . . . . . . . . . . . . . . . . . - - - Deduction for one-half of self-employment tax. Multiply line 12 by 50% (0.50). Enter the result here and on Schedule 1 (Form 1040 or 1040-SR), line 14, or Form 1040-NR, line 27.. Part II Optional Methods To Figure Net Earnings (see instructions) Farm Optional Method. You may use this method only if (a) your gross farm income' wasn't more than $8,160, or (b) your net farm profits were less than $5,891. 14 Maximum income for optional methods . . 15 Enter the smaller of: two-thirds (/) of gross farm income (not less than zero) or $5,440. Also include thin amount on line 4b above Nontarm Optional Method. You may use this method only if (a) your net nonfarm profits were less than $5,891 and also less than 72.189% of your gross ronfarm income, and (b) you had not earnings from self-employment of at least $100 in 2 of the prior 3 years. Caution: You may use this method no more than five times 16 Subtract line 15 from line 14. - 16 17 Enter the smaller of: two-thirds (/s) of gross nonfarm income (not less than zero) or the amount on line 16. Also include this amount on line 4b above . 17 13 5.440 From flich. F. line and Sch. K 1 Form 1005), box 14, code 8 Frosch Eline 34 ansch K 1 Form 1065), Dok 14 code A-minus the amount you would have entered on line 1b had you not used the optional method From ch ine 31 and tich K-1 Form 1005), DOK 14, Coco A From soc, line 7, and sch K-1 Form 1065), box 14, code C. Schedule SE Form 10-10 1040 SFO 2010 and Alton. Walt's earnings from teaching are: Choosocia U mber Sote BOOT 700-01-0002 OMB NO. 154 COCO we file b oylcenticationbar IN We aroc 51.200.00 4.310.00 31-1239867 CONTACT Las Vegas School District 2234 Vegas Valley Drive Las Vegas, NV 89169 51,200.00 MOC Wages and sps 51,200.00 3,174.40 742.40 Alonso DD$7.900.00 Walter Black 883 Scrub Brush Street, Apt 52B Las Vegas, NV 89125 NV V W Wasce and Tax Statement Copy-To Be Fed with Employee's FEDERAL Tax Return 2019 The Blacks received the following 1099-DIV from their mutual fund investments: GMK NO 1545 011 2019 Dividends and Distributions CORRECTED i checked) PAYERS s o r o r province, Country. Pta Total ordinary duide 1.425.00 Cyber Funds Equities Fund 41 Wall Street New York, NY 10005 1.002.00 $ 6.540.34 POMENTS TN 17-1234326 222-43-7690 Form 1099-Dry Copy B For Rocipient IS Skylar B. Black ol III 3151 10 883 Scrub Brush Street #52B Las Vegas, NV 89125 Las Vegas, NV 89125 ou seconds HII 1 For 1099-DIV Deep for your records Depart at they-hewewe Service U.S. Individual Income Tax Return OMB No. 1545-0074 S Use Ony-Do not whersale ng Status only bok Single Married fing anty Married Wingspataly MFS Hand of household (HOH) Qualitying widow(or cow If you checked the MFS box, enter the name of spouse. If you checked the HOH or CW box, enter the child's name if the qualitying person is achid but not your dependent and middential Last namo Your social security number Your first Spouse's social security number ont return, sone's first me and middental Last name Home Address number and street). If you have a PO, Box, se instructions Presidential Election Campaign Apt.no Check here you or your spoused in unty want to go to the fond Cv. town or post office date and ZIP code. If you have a foreign address, also complete spaces below (see ristructions) Checkung a box below not change you surround you spoune Foreign country name Foreign province'state county Foreign pont.cooh more than four dependents See Instructions and here Standard Someone can claim you as a dependent Your spouse as a dependent Doduction Spoustemes on a separato return or you were a status alien Aga/tiends You Were born before Jawy 2, 165 Are blind Spouse. Was bom before January 2, 1905 is bind Dopondents (soo instructions): Secil seavily unter d emiple you (4/ques for free Ostand edit toer depende DO + 2 T 3. Wasses, tips, Attach FomeW-2 empt interest b Tablet Attach Sch Bird Ousted videos Orwy dwind Nachsch B red bom Table wount Pemim da d Tanatownout Soow cut benetes Taxable mount Capt Attach Sche r ed if not read check here! Orcome from the 19 1,20, 3, 4, 40, dl The your total income to conto che line und in frontein Thesis your sted grous income Standard deduction or remise deductens dom Sched LG e here to search crm 1010 0019 12 T (mt) Cod Taylonom. 114 24972 3 1 2 Sh 2, 3, wine 12 denter the total 13 C ontacred low dependent Malinowie went the tot 1 130 . 176. I 2000 16 Owe ndung employment tax from schad 2, in 10 16 AM 14 15 This is you to tak 17 Telcome tax www om Forms 2 nd 100 y O w nditia credite del concedit ) NIK . www.M. Alche 0012 we d stromom , in 14 1 Trang The way to other payments and rehndable credits 10 A 12 w a wayar total payments Refund 20 1 0 mar . 16, cine 16 Fomine 10 This is the ant you owerport 21 Martie 20 you will retunded to you. Itom sa k the checker! U yw Chang Own N.com Naudiny w plied to you 2020 estimated to Amount 2 mount you owe te om 16 h ow to pay mucos You Owo small Third Party Do you wito www p orn your pod prepww lodomireturn with the entr Designee Dhuha 1de IM 3 a 1 y No no Sign we w Mwand ere + Fit to page D Page view A Read aloud Add notes - And tax cr Antichu12. American opportu red from Forma t - . . d Schedule ne 14 - - - - - . A t ough1 Theme you t he payments and rendberet 10 A17 The you ts 20 1 0 more than 16. 16 Brom 19. This is the amount you ever - - 21a Aunor your to you. Form a tached, check here Type Checking - Refund 21 O Savings to b Amount 23 you You Owe 24 metry Third Party Do you want to w her Designee e 16. For details on how to pay scans 24 than you paid prepare to do this return with the RS7 e e ructions Yes Completo No Personalkostication Sign Here You You ocupat If you an entity o r both Date pouse's c on Paid Preparer Use Only to 1040 arch & Attache 01 o file:///C:/Users/betha/Downloads/f10401%20(1).pdf + Fit to page Page view | A' Read aloud l Add notes Additional income and Adjustments to income Form 1040 or 1040 SR 2019 Attach to Form 1040 or 1040-SR. Department of the Treasury Bervice Go to www.irs.gov/Form 10-40 for instructions and the latest Information. Name shown on Form 1040 1040-SR Your social security aber At any time during 2019, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any Yes No Virtual currency? Part1 Additional Income 1 Taxable refunds, credits, or offsets of state and local income taxes. . . . 2a Alimony received b Date of original divorce or separation agreement (see instructions) 3 Business Income or loss). Attach Schedule C. - . . . Other gains or losses). Attach Form 4797 . Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedulo E Farm Income or oss). Attach Schedule F - - - - - - - - - - - - - - - Unemployment compensation - - - - - - - - - - - - - - - - - - - - - Other income. List type and amount 12 Combine lines 1 through B. Enter here and on Form 1040 or 10-10-SR line 7 Part II Adjustments to Income 10 Educator expenses Certain business expenses of reservists, performing artists, and fee-basis government officials. Attach Form 2106 Health savings account deduction. Attach Form B889 13 Moving expenses for members of the Armed Forces. Attach Form 3903 Deductible part of self-employment tax. Attach Schedule SE 15 Self-employed SEP SIMPLE, and qualified plans 16 Self-employed health insurance deduction 17 Penalty on early withdrawal of savings 17 1Ba Amory paid b Recipient's SSN Date of original divorce of separation agreement (see instructions) IFA deduction 20 Student loan interest deduction 21 Tuition and tees Altach Form 8017 22 Add lines 10 through 21 These are your adjustments to income. Enter here and on Form 1010 or 1040-SR Wine Ba For Paperwork Reduction Act Notice, see your tax return instructions Cate 14 che Form 10-40 here to search 16 19 TOHO SR) 2010 of 2 - + Fit to page Page View A Read aloud L Add notes SCHEDULE SE Form 1040 or 1040-SR Self-Employment Tax OMO No. 1545-0074 2019 Attachment Secc No. 17 o to www.iro Attach to Foto 10 Department of the Truy vetervice Name of person with employment Go to www.in.gov/ScheduleSE for instructions and the latest Information Attach to Form 1040, 1040-SR, or 1040-NR. me shown on om 100, 1040 SR, OF 1040-NFO Social security number of person with self-employment income Before you begin: To determine if you must file Schedule SE, see the instructions. May I Uso Short Schedule SE or Must I Uso Long Schedulo SE? Note: Use this towchart only if you must file Schedule SE. If unsure, see Who Must File Schedule SE in the instructions Did you receive wages or tips in 20197 Ne yo te mendofar der, or Cristian w e werd not to be az ongs from the but you owellery tax on other weg? Was the total of your wages d e to or railroad retween the 1) tax pke your new som e more than $130.2007 s i ly from ont de wale wot 106 No You may Short Schechie SE below You must Long Scheche SEO Section A-Short Schedule SE. Caution Read above to see if you can use short checule SE. ta Not farm profit or loss) from Schedule Fline 34, and farm partnerships, schedule K-1 Form 1065), - + to page Page view A Read aloud Add notes Did you report any wage on Form 2010, Uncollected social Security and Macare TAN on Wages? Du you receive creamployee income se natruation reported on Form W2 of 1000 or more INo You may Short Schedule SE below You must use Long Schedule SE on page 2 Section A-Short Schedule SE. Caution: Read above to see if you can use Short Schedule SE. 1a Not farm profit or (ons) from Schedule F. line 34, and farm partnerships, Schedule K-1 Form 1006), box 14, code A. - - - - - b If you received social security retirement or disability benefits, enter the amount of Conservation Reserve Program payments included on Schedule F. line 4b, or listed on Schedule K-1 (Form 1006). box 20, code AH . . . . . . . . . . . . . . . . . . . . . . . - - Net pront or loss) from Schedule C, line 31; and Schedule K-1 (Form 1065), box 14, code A (other than farming). Ministers and members of religious orders, see instructions for types of income to report on this line. See instructions for other income to report - Combine lines 1a, 1b, and 2 Multiply line 3 by 02.35% (0.0235). If less than $100, you don't owe self employment tax don't ne this schedule unless you have an amount on line 1b. - Note: If line 4 in less than $100 due to Conservation Reserve Program payments on line 1b, so instructions Self-employment tax. If the amount on line 4 is: 5132,000 or loss, multiply line 4 by 15.3% (0.153). Enter the result here and on Schedule 2 (Form 1040 or 1040-SR), line 4, or Form 1040-NR, line 55. - More than $132.000, multiply line 4 by 2.0% (0.029). Then, add $16,479.00 to the result. Enter the total here and on Schedule 2 (Form 1040 or 1040-SA), line 4, or Form 1040-NR, line 55. 5 Deduction for one-half of self-employment tax. Multiply line 5 by 50% (0.50). Enter the result here and on Schedule 1 (Form 1040 or 1040-SR), line 14, or Form 1040-NR, line 27 For Paperwork Redaction Act Notice, see your tax return instructions Cat No 11352 Bethe SE om 1040 16 1040 SRO 2010 of 2 l + Ft to page Page View A Read moud Add notes Page 2 Schedule SE Form 1040 or 1040-5F) 2010 Attachment Sequence No. 17 Name of person with c omployment income as shown on Form 1040, 1040-BRO 1040 NR) Social Security number of person with self-employment income Section B-Long Schedule SE Part1 Solf-Employment Tax Note: If your only income subject to self-employment tax is church employee income, see instructions. Also see instructions for the definition of church employee income. A If you are a minister, member of a religious order, or Christian Science practitioner and you filed Form 4361, but you had $400 or more of other net earnings from self-employment, check here and continue with Parti . . . . . . . . 1a Not farm profit or loss) from Schedule F, line 34, and farm partnerships, Schedule K-1 (Form 1065). la BOX 14, code A. Note: Skip lines Ta and 1b if you use the farm optional method (see instructions) b If you received social security retirement or disability benefits, enter the amount of Conservation Reserve Program payments included on Schedule F, line 4b, or listed on Schedule K-1 (Form 1065), box 20, code AH Net profit or (los) from Schedule C, line 31; and Schedule K-1 (Form 1065), box 14, code A (other than farming). Ministers and members of religious orders, see instructions for types of income to report on this line. See instructions for other income to report. Note: Skip this line if you use the nontarm optional method (nee instructions) . . . . . . . . . . . . . . . . . . . Combine lines 1a, 1b, and 2. 4a If line 3 is more than zero, multiply line 3 by 92.35% (0.9235). Otherwise, enter amount from line 3 Note: If line 4a is less than $400 due to Conservation Reserve Program payments on line 1b, see instructions. b If you elect one or both of the optional methods, enter the total of lines 15 and 17 hore - - - Combine lines 4a and 4b. If loss than $400, stop: you don't owe self-employment tax. Exception: If less than $400 and you had church employee income, entor -o- and continue 40 5a Enter your church employee income from Form W-2. See instructions for definition of church employee income . . . b Multiply line sa by 92.35% (0.9235). If less than $100, entor -o- . . . . . . Add lines 4 and 5b . 7 Maximum amount of combined wages and solf-employment earnings subject to social security tax or the 6.2% portion of the 7.65% railroad retirement (tier 1) tax for 2019. 7 152.900 Ba Total social security wagos and tips (total of boxes 3 and 7 on Form(s) W-2) and railroad retirement (tior 1) compensation. If $132.000 or more, skip lines Bb through 10, and go to line 11 Ba b Unreported tips subject to social security tax (from Form 4137, line 10) Wages subject to social security tax (from Form 8919, line 10) . . . Bc B Bb 132.900 10 - + Ft to page Page View A Read aloud Add notes b Multiply line 5a by 92.35% (0.9235). If less than $100, enter-O- . . . . . . . . . . . . . 5b 6 Add lines 4 and 5b . . . . . . . . . . . . . . . . . . . . . 7 Maximum amount of combined wages and self-employment earnings subject to social security tax or 7 tho 6.2% portion of the 7.65% railroad retirement (tier 1) tax for 2019. . . . Bn Total social security wages and tips (total of boxes 3 and 7 on Form(s) W-2) and railroad retirement (tier 1) compensation. If $132,900 or more, skip lines 8b through 10, and go to line 11 . Ba b Unreported tips subject to social security tax (from Form 4137, line 10) . . Wages subject to social security tax (from Form 8919, line 10) - . . . . Bc d Add lines Ba, Bb, and B . . . . . . . . . . . . . . . . Subtract lino Bd from line 7. If zero or loss, enter - here and on line 10 and go to line 11 ... Multiply the smaller of line 6 or line 9 by 12.4% (0.124). . . . . . . . . . . . Multiply line 6 by 2.9% (0.029). . . 12 Self-employment tax. Add lines 10 and 11. Enter here and on Schedule 2 (Form 1040 or 1040-SR). line 4, or Form 1040-NR, line 55 . . . . . . . . . . . . . . . . . . . - - - Deduction for one-half of self-employment tax. Multiply line 12 by 50% (0.50). Enter the result here and on Schedule 1 (Form 1040 or 1040-SR), line 14, or Form 1040-NR, line 27.. Part II Optional Methods To Figure Net Earnings (see instructions) Farm Optional Method. You may use this method only if (a) your gross farm income' wasn't more than $8,160, or (b) your net farm profits were less than $5,891. 14 Maximum income for optional methods . . 15 Enter the smaller of: two-thirds (/) of gross farm income (not less than zero) or $5,440. Also include thin amount on line 4b above Nontarm Optional Method. You may use this method only if (a) your net nonfarm profits were less than $5,891 and also less than 72.189% of your gross ronfarm income, and (b) you had not earnings from self-employment of at least $100 in 2 of the prior 3 years. Caution: You may use this method no more than five times 16 Subtract line 15 from line 14. - 16 17 Enter the smaller of: two-thirds (/s) of gross nonfarm income (not less than zero) or the amount on line 16. Also include this amount on line 4b above . 17 13 5.440 From flich. F. line and Sch. K 1 Form 1005), box 14, code 8 Frosch Eline 34 ansch K 1 Form 1065), Dok 14 code A-minus the amount you would have entered on line 1b had you not used the optional method From ch ine 31 and tich K-1 Form 1005), DOK 14, Coco A From soc, line 7, and sch K-1 Form 1065), box 14, code C. Schedule SE Form 10-10 1040 SFO 2010
