Sue and Bill are married with 2 children. Their son is 14 years old Their daughter is 11. Sue has taxable wages of $61,250. Federal tax withheld $4,200 Sue took some MBA courses at BGSU. She has $8,500 in qualified education expenses. BE SURE TO CHOOSE THE CORRECT EDUCATION CREDIT. Bill is self-employed -the following is his information for his schedule C: Gross income $85,290 Advertising $22,575 Office Supplies $1,400 Legal and professional expenses $1,690 Office Rent $14,400 Bill made federal tax estimated payments of $5,600 Equipment purchases Computer (5 year asset) August 5, 2018 - $3,500 Office furniture (7 year asset) November 4, 2018 $4,275 .Equipment (7 year asset) November 22, 2018 $3,500 Printer (5 year asset) December 14, 2018 $2,700 . He does NOT elect to do section 179 or bonus depreciation BE SURE TO USE THE PROPER CONVENTION-YOUR CHOICE IS EITHER HALF YEAR OR MID QUARTER. IGNORE THE QUALIFIED BUSINESS INCOME DEDUCTION CHECK FIGURE-SCHEDULE C NET INCOME $44,287 CHECK FIGURE-REFUND $109 Please use the attached forms to fill out their tax return. 1040 us U.S. Individual Income Tax Return Filing status: [ 1 Single Your frst name and initial Married filnoprtly Married lingseparatelyHaedof house old I Dallying widewler) Your social security number Last name You are bird Scmeone can claim you as a dge'dent Last name You wee bon beloe Jnry 2, 1954 Your standard dodotiorc M joint retum, spouse's frst name and inilial Spoute's soclal security mumber S Fulyear he or exemplt (pee inst.) hearn e m go -was bom belrean y 2 1964 care covernge Sono ne an claim your pan. a. a depen Ort Spose standard dodell Spouse is blindSpouse beaiges on a separate rotur or you ware duat-cons Presidential Eleetion Campaign Apt. no. Home address runter and streed. " you have a PO, box, toe rando City, town or post office, state, and ZiP code. IT you have a foreign address, attach Schodde 6. Dependents (see instructionsj If more than four dapandents, soo inst.and here Social security tunber Credit for other dependents Chid tax credit ( Fint nme Sign Under penalies of perjury, I declare that I have examined this etan and accompanying acheduns and atalements, and to the best of my kenowladge and belial, they are us, oormect, and complete. Declaration of preparer lother than taxpayer) is based onl infrmation oll which prepar has amy knowledge Here f the IRS sent you an ldentity Protaction PIN, enter itL Your signature Date Joint retun? See instructions Keep a copy tor Spouse's signalure, If a joint return, both must sign |Date your ecords I the IRS sent you an identity Protection PIL, enter t PTN Firm's EIN Check it Preparer's name Preparer's signature Paid Preparer 3rd Party Design Phone Use Only Fom 1040 2018 Cat, No. 113208 For Disclosure, Privacy Act, and Paperwork Reduotion Act Notice, see separate Instructions Page 2 om 1040 001 Taxable interest b Ordnary dividends b Taxable amount Sa Social security benles Adjusted gross incoms. If you have no adjustments to incoma, ter hamount from line & tandsubtract Schedule 1, line 36, from ine Deductilon for- Standard deduction or Remlaed deductions prom Schedule A D Quasled business Income deduction (see instruotions) Taxable Income Bubtract lines 8 and 9 from ine 7, If zero or oss, eter o- b Add any amount from Schedule 2 and cheok hare Subtract ine 12 from ine 11, 15 Total tax, Add ines 13 and 14 17Relundable credits: a EXC (see inst,) 13 zero or less, enber -0- I you checked 14 Other bxes, Arach Schedule 4 Add any amount from Schedule 5 19 line 18 is more than Sne 15, subtract ine 15 from ine 16. This is the amount you overpald 20a Amount of Ine 19 you want refunded to you. I Form 8838 is attached, check here 20 Droct depesit? b Routing number d Account number 2019 estimsted Amount YeuOwe 22Amount you owe. Subtract line 18 from line 15. For details on how to pay, see Inatructions 23 Estimated tax Form 1040 coin Go to www.irs.gowForm 1040 for instructions and the lsbest information OM NG. 1545-0074 SCHEDULE 1 Additional Income and Adjustments to Income 2018 0 PAttach to Form 1040 Go to www.irs.gowForm 1040 for Instructions and the latest information. Your social sourity mumber Additional 1-9b Reserved Income 10 Taxable refunds, credits, or offsets of state and local income taxes. 11 Alimony received 12 Business income or (oss), Attach Schedule C or C-EZ 13 Capital gain or (loss). Attach Schedule DIi required. If not required, check here13 14 Other gains or (osses). Attach Form 4797.. 15a Reserved 16a Reserved 10 15b 17 17 Rental real estate, royalties, partnerships,S corporations, trusts, etc. Attach Schedule E Attach Schedulo F 20a 21 22 Reserved Other income. List type and amount Combine the amounts in the far right column. If you don't have any adjustments to 21 23 Adjustments 23 Educator expenses to Income 24 Certain business expenses of reservists, performing artists, and fee-basis govemment officials. Attach Form 2106 25 Health savings aooount deduction. Attach Form 8889 25 26 Moving expenses for members of the Armed Forces. Attach Form 3903 27 Deductible part of self-employment tax. Altach Schedule SE 27 28 Self-employed SEP, SIMPLE, and qualified plans 29 Self-employed health insurance deduction 30 Penalty on early withdrawal of savings 31a Alimony paid b Recipient's SSN> 1 1 32 IRA deduction 33 Student loan interest deduction 31a 34 L35 34 Resarved 35 Reserved For Paperwork Reduetion Act Notioe, see your tax return instructions. Cat. No. 71470F Schedule 1 orm 1000 2018 OMB No. 1545-0074 SCHEDULE 3 (Form 1040) Nonrefundable Credits 2018 PAttach to Form 1040. Attachment Depatment ol the Tresuy 1040 for instructions and the latest Information. Go to Your social secury numbar Nonrefundable 48 Forein tx credit. Aftach Fom 1116 Ifrequired Credits 49 Credit for child and dependent care expenses. Atach Form 2441.. 50 Education credits from Form 8863, line 19 51 Retirement savings contributions credit. Atach Form 8880 52 Reserved 53 Residential energy credit. Attach Form 5695 54 Other credits from Form a 3800 b8801 51 52 53 54 Add the amount i th ihd Inclusde on Form 1040, Ine 12 55 5 For Paperwork Reduction Act Notice, see your tax return Instructions. Cat. No. 71480G Schedule 3 (Form 1040) 2018 OMB No. 1545-0074 SCHEDULE SE (Form 1040) 2018 No. 17 Self-Employment Tax Go to www.in-gowischeduieSE for instbructions and the latest information PAttach to Form 1040 or Formm 1040NR Social security number of person Before you begin: To determine iIf you must file Schedule SE, see the instructions. May I Use Short Schedule SE or Must I Use Long Schedule SE? Note: Use this flowchart only If you must file Schedule SE. If unsure, see Who Must File Schedule SE in the instructions. or tips in 20107 tho total of your w.. rd tpa subiel to social security Sclence pracitioner who received IRS approval net to ba tawed tax on ollher eamings? e-employment mone than $128,4007 Oid you receive tips subject to social securty or Medicare tax Y hat you didi' repert to your employer? Ne Did you meport any wages on Form 8919, Uncollected Social Yes Did you recaive church employee income ( reported on Fon W-2 of $109 28or more? instruction es Seourity and Medicare Tax on Wages? below must use Long Schedule SE en may use Short Schedule SE Caution: Read above to see if you can use Short Schedule SE. Section A-Short Schedule SE. 1a Net farm proft or (loes) from Schedule F, line 34, and farm partnerships, Schedule K-1 (Form b If you received social security retirement or disability benefits, enter the amount of Conservation Reserve 2 Net prolt or (loss) from Schedule C, line 31: Schedule C-EZ, line 3; Schedule K-1 (Form 1065), 1065), box 14, code A 1a Program payments Included on Schedule F, Iine 4b, or listed on Schedule K-1 (Form 1065, box 20, code AH 1b box 14, code A (other than farmingl and Schedule K-1 (Form 1065-8), box 9, code J1. Ministers and members of religlous ordors, see instructions for types of income to report on this ine. See instructions for other income to report Combine lines 1a, 1b, and 2 Multiply line 3 by 92.35% 40,9235). If loss than $400, you don't owe self-employment tax: don't tile this schedule unless you have an amount on line 1b. Note: If ina 4 is less than $400 due to Conservation Reserve Program payments on line 1b, 3 4 Self-employment tax. If the amount on line 4 is: .$128,400 or less, multiply line 4 by 153%(0.153). Enter the result hero and on Schedule 4 Form 104, lino 57, or Form 1040NR, line 55 . More than $128,400, mut ly line 4 by 2.9% 0029). Then, add $15,921.80 to the result. Enter the total here and on Schedule 4 (Form 1040), line 57, or Form 1040NR, line 55. . Deduction for one-halif of self-employment tax Multiply line 5 by 50% (0.50), Enter the result here and on Schedule 1 (Form 1040), line 27, or Form 1040NR, line 27 5 6 For Paprwork Reductlon Act Notion, see your tax return instructions Cat No. 113582 Sehedule SE (Form 1040) 2010 3 545-0074 Education Credits Fome 8863 (American Opportunity and Lifetime Learning Credits) to Formm 1040. nformation 2018 50 Go to www.irs.gou/Form8863 for Complete a separate Part ll on page 2 for each student for whom you're claiming either credit before you complete Parts and I 1 After completing Part IlI for each student, enter the total of all amounts from all Parts III, line 30 2 Enter. $180,000 if married ling jointly, $90,000 if single, head of household, or qualitying widowler) 1040, ine 7. If you're filing Form 2555, 2555- 7. I Enter the amount from Form EZ, or 4563, or you're excluding income from Puerto Rico, see Pub. 970 for the amount to enter Subtract line 3 from line 2. If zero or less, stop; you can't tako any education credt Enter: $20,000 if married fing joint or qualifying widowter) 4 $10,000 if single, head of household. 5 Equal to or more than line 5, enter 1.000 on line 6 Less than line 5, divide ine 4 by line 5. Enter the result as a decimal (rounded to at least three places) 7 Mutiply line 1 by line 6. Caution: If you were under age 24 at the end of the year and meet the conditions described in the instructions, you can't take the refundable American opportunity credit; skip line 8, enter the amount from ine 7 on line 9, and check this box Refundable American opportunity credit. Mmply ine 7 by 40% (0.40). Enter the amount here and on Form 1040, ine 17c. Then go to line 9 below 8 Subtract line 8 from line 7. Entor here and on ine 2 of the Credit Limit Worksheet (see instructions) After completing Part 1 zero, skip lines 11 through 17, anter -0-on line 18, and go to line 19 9 S lor each student, enter the total of all amounts from all Parts ll, he 31. 11 Enter the smaller of line 10 or $10,000 12 Multiply line 11 by 20% (020 13 Enter: $134,000 i maried filing jointly: $67,000 if single, head cf 12 13 household, or qualifying widower) 14 Enter the amount from Form 1040, line 7. If you're filing Form 2555, 2555- or 4563, or you're excluding income from Puerto Rico, see Pub. 970 14 for the amount to enter on ine 18, and go to line 19 or qualitying widow(er) Equal to or more than line 16, enter 1000 on line 17 and go to line 18 15 Subtract line 14 from line 13. If zero or less, skip ines 16 and 17, enter -0- 16 Enter: $20,000 if married filing jointly, $10,000 it single, head of household, 17 If ine 15 is: 15 16 Less than line 16, divide line 15 by line 16. Enter the result as a decimal (rounded to at least three 17 places) 18 Multliply line 12 by ine 17. Enter here and on line 1 of the Credit Limit Worksheet (see Instructions) 19 Nonrefundable education credits. Enter the amount from line 7 of the Credit Limit Worksheet (see line 12 by line 17 instructions) here and on Schedule 3 (Form 1040), line 50 Form 8863 s Cat, No. 253.79M For Paperwork Reduction Act Notice, see your tax return instructions. Complete Part IlI for each student for whom you're claiming either the American opportunity credit or lifetime learning credit. Use additional copies of page 2 as needed for each student. Knut-studentand EducationalInstitution n orm ation,6 e instr ct- 20 Student name (as shown on page 1 of your tax reeurn) wn a 21 Student social security nmber (as shown on pege 1 your tax retum formation(seo b. Name of second educational institution Of any) a. Name of first educational insobution (1) Address. Number and street (or P.O. box), City, town or (1) Address. Number and street for P.O, box) City, town or office, state, and ZIP code. If a foreign address, see post office, state, and zip code. Ia foreign address, see Did the student receive Form 1098-T from thies institution for 20182 Yes No (2) Did the student receive Form 1088-T from tris institution for 2018? No No | Yes (3) Did the student receive Form 1098-T 0d the student receive Form 1098-T horm this institution for 201 7 with box Yes from this institution for 2017 with box Yes O No 2 tilled In and box 7 checked? No 2 filled in and box 7 checked? number Enter the Enter the Institution's employer identification (4) Enter the institution's employer identification number (EIN EIN) If you're clalming the American opportunity crecit or ityou checked "Yes" in Cor. You can get the EIN from Form 1006-T or from the institution. if you're claiming the American opportunity credit or if you checked "Yes in (2) or (3). You can get the EIN from Form 1098-T or from the institution. Has the Hope Scholarship Credit or American opportunityYes-Stopl credit been claimed for this student for any 4 tax yearsGo to ine 31 for this student. No- Go to line 24. before 20187 23 24 Was the student enroled at least halil-time for at least one academio period that began or is treated as having begun in 2013 at an elgble educational nstitution in a program Yes-Gotoine 25. leading towards a postsecondary degree, certificato, or other recognized postsecondary educational credential? No- Stopl Go to line 31 for this student. See instructions 25 Did the student complete the first 4 years of postsecondaryYes- Stop Go to line 26. No Go to ine 31 for this education before 2018? See instructions. student. Was the student convicted, before the end of 2018, of aYes-Stopl felony substance? No Complete lines 27 through 30 for this student. 28 Or possession or distribution of a controled Goto line 31sor this student. You can't take the American opportunity credit and the lifetime learning credit for the same student in the same year. If you complete lines 27 through 30 for this student, don't complete line 31 American Opportunity Credit 27 2B 29 27 Adjusted qualified education expenses (see instructions). Don't enter more than $4,000 28 29 30 Subtract $2,000 from ine 27. If zero or less, enter -0- MuAply line 28 by 25% (0.25) If line 28 is zero, enter the amount from line 27. Otherwise, add $2,000 to the amount on line 29 and enter the rosult. Skip line 31. Include the total of all amounts from all Parts II. ine 30, on Part L, ine 1 Lifetime Learning Credit 30 31 Adjusted qualifiod education expenses (see instructions), Include the total of all amounts from all Parts 31 8363 001a Fom 4562 Depreciation and Amortization (Including Information on Listed Property) 2018 PartElection To Expense Certain Property Under Section 176 Note: If you have any listed property. complete Part V before you complete Part L 1 Maximum amount(see nstructions 1 2 Total cost of section 179 property placed in service (see instructions) 3 Threshold cost of section 179 property belore reduction in imitation (see instructions) 4 Reduction in imitation, Subtract ine 3 from line 2.I zero or less, enter -0 Dollar imitation for tax year. Subtract ine 4 from line 1. I zero or less, enter -0-, i maried fiing 7 Listed property. Enter the amount from line 29 8 Total elected cost of section 179 property, Add amounts in column (c) lines6 and 7 9 Tentative deduction. Enter the smaller of line 5 or Iine B 10 Carryover of disallowed deduction from line 13 of your 2017 Form 4582 11 Business income limitation. Enter the smaller of business Income (not less than zaro or ine 5.See instructions.11 12 Section 179 expense deduction. Add lines 9 and 10, but don't enter more than ine 11 13 Carryover of disallowed deduction to 2019 Add lines 9 and 10, less ine 1213 Part Ii Special Deprecistion Allowance and Other Depreciation (Don't include listed property. See nstructions 14 Special depreciation allowance for qualified property (other than isted property) placed in service during the tax year, See instructions 15 Property subject to section 1680(1) election 15 Part Ill MACRS Depreciation (Don't include listed property.See instr Section A 17 MACRS deductions for assets placed in service in tax years beginning before 2018 18 It you are electing to group any assets placed in service during the tax year into one or more general asset acoounts, check here Section B-Assets Placed In Service During 2018 T ax Year Using the General Depreciation System Racoery Convention l Depreciation deduction n Method e 15-year property 20-year property 25-year property h Residential rental clation System Section C-Assets Placed in Service During 2018 Tex Year Using the Alternative Depre 20a Class life d 40-year Part IV Summary (See Instructions. 21 Uisted property. Enter amount from lne 28 21 19 and 20 in column (g), and line 21. Enter 22 Total. Add amounts from line 12, lines 14 through 17, ines 1 here and on the appropriate lines of your return, Partnerships and S corporations-see instructions 23 For assets shown above and placed in service during the current year, enter the [ portion of the basis attrbutable to section 263A costs Fom 4562 pos Cat. No. 12906N For Paperwork Reduction Act Notice, see separate instructions Sue and Bill are married with 2 children. Their son is 14 years old Their daughter is 11. Sue has taxable wages of $61,250. Federal tax withheld $4,200 Sue took some MBA courses at BGSU. She has $8,500 in qualified education expenses. BE SURE TO CHOOSE THE CORRECT EDUCATION CREDIT. Bill is self-employed -the following is his information for his schedule C: Gross income $85,290 Advertising $22,575 Office Supplies $1,400 Legal and professional expenses $1,690 Office Rent $14,400 Bill made federal tax estimated payments of $5,600 Equipment purchases Computer (5 year asset) August 5, 2018 - $3,500 Office furniture (7 year asset) November 4, 2018 $4,275 .Equipment (7 year asset) November 22, 2018 $3,500 Printer (5 year asset) December 14, 2018 $2,700 . He does NOT elect to do section 179 or bonus depreciation BE SURE TO USE THE PROPER CONVENTION-YOUR CHOICE IS EITHER HALF YEAR OR MID QUARTER. IGNORE THE QUALIFIED BUSINESS INCOME DEDUCTION CHECK FIGURE-SCHEDULE C NET INCOME $44,287 CHECK FIGURE-REFUND $109 Please use the attached forms to fill out their tax return. 1040 us U.S. Individual Income Tax Return Filing status: [ 1 Single Your frst name and initial Married filnoprtly Married lingseparatelyHaedof house old I Dallying widewler) Your social security number Last name You are bird Scmeone can claim you as a dge'dent Last name You wee bon beloe Jnry 2, 1954 Your standard dodotiorc M joint retum, spouse's frst name and inilial Spoute's soclal security mumber S Fulyear he or exemplt (pee inst.) hearn e m go -was bom belrean y 2 1964 care covernge Sono ne an claim your pan. a. a depen Ort Spose standard dodell Spouse is blindSpouse beaiges on a separate rotur or you ware duat-cons Presidential Eleetion Campaign Apt. no. Home address runter and streed. " you have a PO, box, toe rando City, town or post office, state, and ZiP code. IT you have a foreign address, attach Schodde 6. Dependents (see instructionsj If more than four dapandents, soo inst.and here Social security tunber Credit for other dependents Chid tax credit ( Fint nme Sign Under penalies of perjury, I declare that I have examined this etan and accompanying acheduns and atalements, and to the best of my kenowladge and belial, they are us, oormect, and complete. Declaration of preparer lother than taxpayer) is based onl infrmation oll which prepar has amy knowledge Here f the IRS sent you an ldentity Protaction PIN, enter itL Your signature Date Joint retun? See instructions Keep a copy tor Spouse's signalure, If a joint return, both must sign |Date your ecords I the IRS sent you an identity Protection PIL, enter t PTN Firm's EIN Check it Preparer's name Preparer's signature Paid Preparer 3rd Party Design Phone Use Only Fom 1040 2018 Cat, No. 113208 For Disclosure, Privacy Act, and Paperwork Reduotion Act Notice, see separate Instructions Page 2 om 1040 001 Taxable interest b Ordnary dividends b Taxable amount Sa Social security benles Adjusted gross incoms. If you have no adjustments to incoma, ter hamount from line & tandsubtract Schedule 1, line 36, from ine Deductilon for- Standard deduction or Remlaed deductions prom Schedule A D Quasled business Income deduction (see instruotions) Taxable Income Bubtract lines 8 and 9 from ine 7, If zero or oss, eter o- b Add any amount from Schedule 2 and cheok hare Subtract ine 12 from ine 11, 15 Total tax, Add ines 13 and 14 17Relundable credits: a EXC (see inst,) 13 zero or less, enber -0- I you checked 14 Other bxes, Arach Schedule 4 Add any amount from Schedule 5 19 line 18 is more than Sne 15, subtract ine 15 from ine 16. This is the amount you overpald 20a Amount of Ine 19 you want refunded to you. I Form 8838 is attached, check here 20 Droct depesit? b Routing number d Account number 2019 estimsted Amount YeuOwe 22Amount you owe. Subtract line 18 from line 15. For details on how to pay, see Inatructions 23 Estimated tax Form 1040 coin Go to www.irs.gowForm 1040 for instructions and the lsbest information OM NG. 1545-0074 SCHEDULE 1 Additional Income and Adjustments to Income 2018 0 PAttach to Form 1040 Go to www.irs.gowForm 1040 for Instructions and the latest information. Your social sourity mumber Additional 1-9b Reserved Income 10 Taxable refunds, credits, or offsets of state and local income taxes. 11 Alimony received 12 Business income or (oss), Attach Schedule C or C-EZ 13 Capital gain or (loss). Attach Schedule DIi required. If not required, check here13 14 Other gains or (osses). Attach Form 4797.. 15a Reserved 16a Reserved 10 15b 17 17 Rental real estate, royalties, partnerships,S corporations, trusts, etc. Attach Schedule E Attach Schedulo F 20a 21 22 Reserved Other income. List type and amount Combine the amounts in the far right column. If you don't have any adjustments to 21 23 Adjustments 23 Educator expenses to Income 24 Certain business expenses of reservists, performing artists, and fee-basis govemment officials. Attach Form 2106 25 Health savings aooount deduction. Attach Form 8889 25 26 Moving expenses for members of the Armed Forces. Attach Form 3903 27 Deductible part of self-employment tax. Altach Schedule SE 27 28 Self-employed SEP, SIMPLE, and qualified plans 29 Self-employed health insurance deduction 30 Penalty on early withdrawal of savings 31a Alimony paid b Recipient's SSN> 1 1 32 IRA deduction 33 Student loan interest deduction 31a 34 L35 34 Resarved 35 Reserved For Paperwork Reduetion Act Notioe, see your tax return instructions. Cat. No. 71470F Schedule 1 orm 1000 2018 OMB No. 1545-0074 SCHEDULE 3 (Form 1040) Nonrefundable Credits 2018 PAttach to Form 1040. Attachment Depatment ol the Tresuy 1040 for instructions and the latest Information. Go to Your social secury numbar Nonrefundable 48 Forein tx credit. Aftach Fom 1116 Ifrequired Credits 49 Credit for child and dependent care expenses. Atach Form 2441.. 50 Education credits from Form 8863, line 19 51 Retirement savings contributions credit. Atach Form 8880 52 Reserved 53 Residential energy credit. Attach Form 5695 54 Other credits from Form a 3800 b8801 51 52 53 54 Add the amount i th ihd Inclusde on Form 1040, Ine 12 55 5 For Paperwork Reduction Act Notice, see your tax return Instructions. Cat. No. 71480G Schedule 3 (Form 1040) 2018 OMB No. 1545-0074 SCHEDULE SE (Form 1040) 2018 No. 17 Self-Employment Tax Go to www.in-gowischeduieSE for instbructions and the latest information PAttach to Form 1040 or Formm 1040NR Social security number of person Before you begin: To determine iIf you must file Schedule SE, see the instructions. May I Use Short Schedule SE or Must I Use Long Schedule SE? Note: Use this flowchart only If you must file Schedule SE. If unsure, see Who Must File Schedule SE in the instructions. or tips in 20107 tho total of your w.. rd tpa subiel to social security Sclence pracitioner who received IRS approval net to ba tawed tax on ollher eamings? e-employment mone than $128,4007 Oid you receive tips subject to social securty or Medicare tax Y hat you didi' repert to your employer? Ne Did you meport any wages on Form 8919, Uncollected Social Yes Did you recaive church employee income ( reported on Fon W-2 of $109 28or more? instruction es Seourity and Medicare Tax on Wages? below must use Long Schedule SE en may use Short Schedule SE Caution: Read above to see if you can use Short Schedule SE. Section A-Short Schedule SE. 1a Net farm proft or (loes) from Schedule F, line 34, and farm partnerships, Schedule K-1 (Form b If you received social security retirement or disability benefits, enter the amount of Conservation Reserve 2 Net prolt or (loss) from Schedule C, line 31: Schedule C-EZ, line 3; Schedule K-1 (Form 1065), 1065), box 14, code A 1a Program payments Included on Schedule F, Iine 4b, or listed on Schedule K-1 (Form 1065, box 20, code AH 1b box 14, code A (other than farmingl and Schedule K-1 (Form 1065-8), box 9, code J1. Ministers and members of religlous ordors, see instructions for types of income to report on this ine. See instructions for other income to report Combine lines 1a, 1b, and 2 Multiply line 3 by 92.35% 40,9235). If loss than $400, you don't owe self-employment tax: don't tile this schedule unless you have an amount on line 1b. Note: If ina 4 is less than $400 due to Conservation Reserve Program payments on line 1b, 3 4 Self-employment tax. If the amount on line 4 is: .$128,400 or less, multiply line 4 by 153%(0.153). Enter the result hero and on Schedule 4 Form 104, lino 57, or Form 1040NR, line 55 . More than $128,400, mut ly line 4 by 2.9% 0029). Then, add $15,921.80 to the result. Enter the total here and on Schedule 4 (Form 1040), line 57, or Form 1040NR, line 55. . Deduction for one-halif of self-employment tax Multiply line 5 by 50% (0.50), Enter the result here and on Schedule 1 (Form 1040), line 27, or Form 1040NR, line 27 5 6 For Paprwork Reductlon Act Notion, see your tax return instructions Cat No. 113582 Sehedule SE (Form 1040) 2010 3 545-0074 Education Credits Fome 8863 (American Opportunity and Lifetime Learning Credits) to Formm 1040. nformation 2018 50 Go to www.irs.gou/Form8863 for Complete a separate Part ll on page 2 for each student for whom you're claiming either credit before you complete Parts and I 1 After completing Part IlI for each student, enter the total of all amounts from all Parts III, line 30 2 Enter. $180,000 if married ling jointly, $90,000 if single, head of household, or qualitying widowler) 1040, ine 7. If you're filing Form 2555, 2555- 7. I Enter the amount from Form EZ, or 4563, or you're excluding income from Puerto Rico, see Pub. 970 for the amount to enter Subtract line 3 from line 2. If zero or less, stop; you can't tako any education credt Enter: $20,000 if married fing joint or qualifying widowter) 4 $10,000 if single, head of household. 5 Equal to or more than line 5, enter 1.000 on line 6 Less than line 5, divide ine 4 by line 5. Enter the result as a decimal (rounded to at least three places) 7 Mutiply line 1 by line 6. Caution: If you were under age 24 at the end of the year and meet the conditions described in the instructions, you can't take the refundable American opportunity credit; skip line 8, enter the amount from ine 7 on line 9, and check this box Refundable American opportunity credit. Mmply ine 7 by 40% (0.40). Enter the amount here and on Form 1040, ine 17c. Then go to line 9 below 8 Subtract line 8 from line 7. Entor here and on ine 2 of the Credit Limit Worksheet (see instructions) After completing Part 1 zero, skip lines 11 through 17, anter -0-on line 18, and go to line 19 9 S lor each student, enter the total of all amounts from all Parts ll, he 31. 11 Enter the smaller of line 10 or $10,000 12 Multiply line 11 by 20% (020 13 Enter: $134,000 i maried filing jointly: $67,000 if single, head cf 12 13 household, or qualifying widower) 14 Enter the amount from Form 1040, line 7. If you're filing Form 2555, 2555- or 4563, or you're excluding income from Puerto Rico, see Pub. 970 14 for the amount to enter on ine 18, and go to line 19 or qualitying widow(er) Equal to or more than line 16, enter 1000 on line 17 and go to line 18 15 Subtract line 14 from line 13. If zero or less, skip ines 16 and 17, enter -0- 16 Enter: $20,000 if married filing jointly, $10,000 it single, head of household, 17 If ine 15 is: 15 16 Less than line 16, divide line 15 by line 16. Enter the result as a decimal (rounded to at least three 17 places) 18 Multliply line 12 by ine 17. Enter here and on line 1 of the Credit Limit Worksheet (see Instructions) 19 Nonrefundable education credits. Enter the amount from line 7 of the Credit Limit Worksheet (see line 12 by line 17 instructions) here and on Schedule 3 (Form 1040), line 50 Form 8863 s Cat, No. 253.79M For Paperwork Reduction Act Notice, see your tax return instructions. Complete Part IlI for each student for whom you're claiming either the American opportunity credit or lifetime learning credit. Use additional copies of page 2 as needed for each student. Knut-studentand EducationalInstitution n orm ation,6 e instr ct- 20 Student name (as shown on page 1 of your tax reeurn) wn a 21 Student social security nmber (as shown on pege 1 your tax retum formation(seo b. Name of second educational institution Of any) a. Name of first educational insobution (1) Address. Number and street (or P.O. box), City, town or (1) Address. Number and street for P.O, box) City, town or office, state, and ZIP code. If a foreign address, see post office, state, and zip code. Ia foreign address, see Did the student receive Form 1098-T from thies institution for 20182 Yes No (2) Did the student receive Form 1088-T from tris institution for 2018? No No | Yes (3) Did the student receive Form 1098-T 0d the student receive Form 1098-T horm this institution for 201 7 with box Yes from this institution for 2017 with box Yes O No 2 tilled In and box 7 checked? No 2 filled in and box 7 checked? number Enter the Enter the Institution's employer identification (4) Enter the institution's employer identification number (EIN EIN) If you're clalming the American opportunity crecit or ityou checked "Yes" in Cor. You can get the EIN from Form 1006-T or from the institution. if you're claiming the American opportunity credit or if you checked "Yes in (2) or (3). You can get the EIN from Form 1098-T or from the institution. Has the Hope Scholarship Credit or American opportunityYes-Stopl credit been claimed for this student for any 4 tax yearsGo to ine 31 for this student. No- Go to line 24. before 20187 23 24 Was the student enroled at least halil-time for at least one academio period that began or is treated as having begun in 2013 at an elgble educational nstitution in a program Yes-Gotoine 25. leading towards a postsecondary degree, certificato, or other recognized postsecondary educational credential? No- Stopl Go to line 31 for this student. See instructions 25 Did the student complete the first 4 years of postsecondaryYes- Stop Go to line 26. No Go to ine 31 for this education before 2018? See instructions. student. Was the student convicted, before the end of 2018, of aYes-Stopl felony substance? No Complete lines 27 through 30 for this student. 28 Or possession or distribution of a controled Goto line 31sor this student. You can't take the American opportunity credit and the lifetime learning credit for the same student in the same year. If you complete lines 27 through 30 for this student, don't complete line 31 American Opportunity Credit 27 2B 29 27 Adjusted qualified education expenses (see instructions). Don't enter more than $4,000 28 29 30 Subtract $2,000 from ine 27. If zero or less, enter -0- MuAply line 28 by 25% (0.25) If line 28 is zero, enter the amount from line 27. Otherwise, add $2,000 to the amount on line 29 and enter the rosult. Skip line 31. Include the total of all amounts from all Parts II. ine 30, on Part L, ine 1 Lifetime Learning Credit 30 31 Adjusted qualifiod education expenses (see instructions), Include the total of all amounts from all Parts 31 8363 001a Fom 4562 Depreciation and Amortization (Including Information on Listed Property) 2018 PartElection To Expense Certain Property Under Section 176 Note: If you have any listed property. complete Part V before you complete Part L 1 Maximum amount(see nstructions 1 2 Total cost of section 179 property placed in service (see instructions) 3 Threshold cost of section 179 property belore reduction in imitation (see instructions) 4 Reduction in imitation, Subtract ine 3 from line 2.I zero or less, enter -0 Dollar imitation for tax year. Subtract ine 4 from line 1. I zero or less, enter -0-, i maried fiing 7 Listed property. Enter the amount from line 29 8 Total elected cost of section 179 property, Add amounts in column (c) lines6 and 7 9 Tentative deduction. Enter the smaller of line 5 or Iine B 10 Carryover of disallowed deduction from line 13 of your 2017 Form 4582 11 Business income limitation. Enter the smaller of business Income (not less than zaro or ine 5.See instructions.11 12 Section 179 expense deduction. Add lines 9 and 10, but don't enter more than ine 11 13 Carryover of disallowed deduction to 2019 Add lines 9 and 10, less ine 1213 Part Ii Special Deprecistion Allowance and Other Depreciation (Don't include listed property. See nstructions 14 Special depreciation allowance for qualified property (other than isted property) placed in service during the tax year, See instructions 15 Property subject to section 1680(1) election 15 Part Ill MACRS Depreciation (Don't include listed property.See instr Section A 17 MACRS deductions for assets placed in service in tax years beginning before 2018 18 It you are electing to group any assets placed in service during the tax year into one or more general asset acoounts, check here Section B-Assets Placed In Service During 2018 T ax Year Using the General Depreciation System Racoery Convention l Depreciation deduction n Method e 15-year property 20-year property 25-year property h Residential rental clation System Section C-Assets Placed in Service During 2018 Tex Year Using the Alternative Depre 20a Class life d 40-year Part IV Summary (See Instructions. 21 Uisted property. Enter amount from lne 28 21 19 and 20 in column (g), and line 21. Enter 22 Total. Add amounts from line 12, lines 14 through 17, ines 1 here and on the appropriate lines of your return, Partnerships and S corporations-see instructions 23 For assets shown above and placed in service during the current year, enter the [ portion of the basis attrbutable to section 263A costs Fom 4562 pos Cat. No. 12906N For Paperwork Reduction Act Notice, see separate instructions