How do I claim expenses as a 1040?

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How to report Tuition Statement Form 1098-T in Form 1040?

I received 1098-T form from my graduate school in US. In the form, there are two nonzero amounts (others are blank): * Amounts billed for qualified tuition and related expenses (box 2) * scholarships or grants (box 5) I was wondering: 1.If the two amounts should be reported somewhere in federal tax 1040 form? 2.Payments received for qualified tuition and related expenses (box1) is zero, but on the back of the same paper, Personal Payments are nonzero which is what I actually paid for my tuition...

Answer:

The educational institution makes the choice of whether to report (1) amounts billed for tuition, or...

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Can I claim cost of a car purchased(used) as part of the business expenses on Schedule C of my 1040?

I do drive to all of my jobs and one of my incomes is a 1099misc wage and I had to buy a used car last year because the old one died. I also had to rent a car before I found the one that I purchased. Could I claim these expenses on schedule C of my ...

Answer:

"I do drive TO all of my jobs " (emph added) Commuting - NOT Deductible "one of my incomes...

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cress85 at Yahoo! Answers Mark as irrelevant Undo

How do you claim expenses on K-1 income?

The taxpayer is a barber. The shop owner called him a partner and gave him a K-1 form. The only thing on the form is $20000 in box 4 and $20000 in box 14. I believe the $20000 will go through Schedule E and end up on 1040 line 17 and it will go through...

Answer:

What does the WRITTEN partnership agreement say as to expenses?

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How do I claim travel expenses spent by me only when I am a member/owner of an LLC?

I am using TurboTax Business to file our LLC's taxes. There are 2 owners including myself. I'd like to claim travel expenses spent by me only (not the LLC). Do I do this here or on my 1040? If I do it on the LLC's 1065, it will show up on both of our...

Answer:

You're flying blind on your tax return? Good luck. You might want to read the instructions for Form...

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mamalade at Yahoo! Answers Mark as irrelevant Undo

Help with Tax Forms filing - 1040 versus 1040 NR?

Hey All, Please help me with the always troubling tax related issues. I entered the US on August 4, 2008 and was under F1 status (Master of Science degree) since then. With regards to 2010 tax filing, below are the details: F1 student at the University...

Answer:

an NR is a non resident, you apparently spent the majority of 2010 living in the US and rental expenses...

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Moving expenses and student loan interest- I can still claim standard deduction?

I just want to make sure I understand something here.. When claiming moving expenses and student loan interest on 1040 lines 26 and 33, I can still claim the standard deduction, correct? This does not require itemization of deductions?

Answer:

Yes, you can, as long as you otherwise meet the requirements of those deductions. Moving, for example...

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Filing Taxes on H&R block-Daycare expenses?

I just filed (but didnt mail in yet) my taxes through H&R Block Tax Cut. Entered all my info and printed the completed forms. I'm married, filing jointly, have a 3 yr old and a 9 mth old, included mortage interest and real estate tax. When I tired...

Answer:

I used the same program and was able to claim my daycare expenses. It's one of the screens talking about...

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I have two jobs. Do I file a 1040 and a 1099?

I work for the state of California and I have taxes taken out of my check. I am also self employed. Do I file a separate 1099 for my second job and a 1040 for my first. Can I claim expenses separate?

Answer:

1099s are not filed by their recipients. You would file a single 1040 which would include Schedule C...

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Can I amend past tax returns from a 1040-EZ to a 1040-A to claim additional credits?

I have always filed the 1040-EZ tax form because, well, it's easy. Using an online tax form I realized with the 1040-A form I could have been claim the 401(k) saver's credit all along. Can I amend my 1040-EZ taxes from previous years to the 1040-A to...

Answer:

Yes, back to 2006.

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