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Form 1040 Sch D(1).pdf

SCHEDULE D (Form 1040)

Department of the Treasury Internal Revenue Service (99)

Capital Gains and Losses ▶ Attach to Form 1040 or Form 1040NR.

▶ Information about Schedule D and its separate instructions is at www.irs.gov/scheduled. ▶ Use Form 8949 to list your transactions for lines 1b, 2, 3, 8b, 9, and 10.

OMB No. 1545-0074

2014 Attachment Sequence No. 12

Name(s) shown on return Your social security number

Part I Short-Term Capital Gains and Losses—Assets Held One Year or Less

See instructions for how to figure the amounts to enter on the lines below. This form may be easier to complete if you round off cents to whole dollars.

(d) Proceeds

(sales price)

(e) Cost

(or other basis)

(g) Adjustments

to gain or loss from Form(s) 8949, Part I,

line 2, column (g)

(h) Gain or (loss) Subtract column (e) from column (d) and

combine the result with column (g)

1a Totals for all short-term transactions reported on Form 1099-B for which basis was reported to the IRS and for which you have no adjustments (see instructions). However, if you choose to report all these transactions on Form 8949, leave this line blank and go to line 1b .

1b Totals for all transactions reported on Form(s) 8949 with Box A checked . . . . . . . . . . . . .

Totals for all transactions reported on Form(s) 8949 with Box B checked . . . . . . . . . . . . .

Totals for all transactions reported on Form(s) 8949 with Box C checked . . . . . . . . . . . . .

4 Short-term gain from Form 6252 and short-term gain or (loss) from Forms 4684, 6781, and 8824 . 4 5

Net short-term gain or (loss) from partnerships, S corporations, estates, and trusts from Schedule(s) K-1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

Short-term capital loss carryover. Enter the amount, if any, from line 8 of your Capital Loss Carryover Worksheet in the instructions . . . . . . . . . . . . . . . . . . . . . . . 6 ( )

7 Net short-term capital gain or (loss). Combine lines 1a through 6 in column (h). If you have any long- term capital gains or losses, go to Part II below. Otherwise, go to Part III on the back . . . . . 7

Part II Long-Term Capital Gains and Losses—Assets Held More Than One Year

See instructions for how to figure the amounts to enter on the lines below. This form may be easier to complete if you round off cents to whole dollars.

(d) Proceeds

(sales price)

(e) Cost

(or other basis)

(g) Adjustments

to gain or loss from Form(s) 8949, Part II,

line 2, column (g)

(h) Gain or (loss) Subtract column (e) from column (d) and

combine the result with column (g)

8a Totals for all long-term transactions reported on Form 1099-B for which basis was reported to the IRS and for which you have no adjustments (see instructions). However, if you choose to report all these transactions on Form 8949, leave this line blank and go to line 8b .

8b Totals for all transactions reported on Form(s) 8949 with Box D checked . . . . . . . . . . . . .

Totals for all transactions reported on Form(s) 8949 with Box E checked . . . . . . . . . . . . .

Totals for all transactions reported on Form(s) 8949 with Box F checked . . . . . . . . . . . . . .

Gain from Form 4797, Part I; long-term gain from Forms 2439 and 6252; and long-term gain or (loss) from Forms 4684, 6781, and 8824 . . . . . . . . . . . . . . . . . . . . . . 11

12 Net long-term gain or (loss) from partnerships, S corporations, estates, and trusts from Schedule(s) K-1 12

13 Capital gain distributions. See the instructions . . . . . . . . . . . . . . . . . . 13 14

Long-term capital loss carryover. Enter the amount, if any, from line 13 of your Capital Loss Carryover Worksheet in the instructions . . . . . . . . . . . . . . . . . . . . . . . 14 ( )

Net long-term capital gain or (loss). Combine lines 8a through 14 in column (h). Then go to Part III on the back . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15

For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 11338H Schedule D (Form 1040) 2014

Schedule D (Form 1040) 2014 Page 2

Part III Summary

16 Combine lines 7 and 15 and enter the result . . . . . . . . . . . . . . . . . . 16

• If line 16 is a gain, enter the amount from line 16 on Form 1040, line 13, or Form 1040NR, line 14. Then go to line 17 below.

• If line 16 is a loss, skip lines 17 through 20 below. Then go to line 21. Also be sure to complete line 22.

• If line 16 is zero, skip lines 17 through 21 below and enter -0- on Form 1040, line 13, or Form 1040NR, line 14. Then go to line 22.

17 Are lines 15 and 16 both gains? Yes. Go to line 18. No. Skip lines 18 through 21, and go to line 22.

18 Enter the amount, if any, from line 7 of the 28% Rate Gain Worksheet in the instructions . . ▶ 18

Enter the amount, if any, from line 18 of the Unrecaptured Section 1250 Gain Worksheet in the instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . ▶ 19

20 Are lines 18 and 19 both zero or blank? Yes. Complete the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Form 1040, line 44 (or in the instructions for Form 1040NR, line 42). Do not complete lines 21 and 22 below.

No. Complete the Schedule D Tax Worksheet in the instructions. Do not complete lines 21 and 22 below.

21 If line 16 is a loss, enter here and on Form 1040, line 13, or Form 1040NR, line 14, the smaller of:

• The loss on line 16 or • ($3,000), or if married filing separately, ($1,500) } . . . . . . . . . . . . . . . 21 ( ) Note. When figuring which amount is smaller, treat both amounts as positive numbers.

22 Do you have qualified dividends on Form 1040, line 9b, or Form 1040NR, line 10b?

Yes. Complete the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Form 1040, line 44 (or in the instructions for Form 1040NR, line 42).

No. Complete the rest of Form 1040 or Form 1040NR.

Schedule D (Form 1040) 2014

Version A, Cycle 2

INTERNAL USE ONLY DRAFT AS OF February 12, 2014

2014 Form 1040 (Schedule D)

SE:W:CAR:MP

Capital Gains and Losses

SCHEDULE D (Form 1040)

Department of the Treasury Internal Revenue Service

(99)

Capital Gains and Losses

▶ Attach to Form 1040 or Form 1040NR.

▶ Information about Schedule D and its separate instructions is at www.irs.gov/scheduled.

▶ Use Form 8949 to list your transactions for lines 1b, 2, 3, 8b, 9, and 10.

OMB No. 1545-0074

2014

2014. Catalog Number 11338H.

Attachment

Sequence No. 12

Attachment Sequence Number 12. For Paperwork Reduction Act Notice, see your tax return instructions.

Part I

Short-Term Capital Gains and Losses—Assets Held One Year or Less

See instructions for how to figure the amounts to enter on the lines below.

This form may be easier to complete if you round off cents to whole dollars.

See instructions for how to figure the amounts to enter on the lines below. This form may be easier to complete if you round off cents to whole dollars.

(d)

Proceeds

(sales price)

(e)

Cost

(or other basis)

(g)

Adjustments

to gain or loss from Form(s) 8949, Part I, line 2, column (g)

(h) Gain or (loss)

Subtract column (e) from column (d) and combine the result with column (g)

Totals for all short-term transactions reported on Form 1099-B for which basis was reported to the IRS and for which you have no adjustments (see instructions). However, if you choose to report all these transactions on Form 8949, leave this line blank and go to line 1b

Line 1a. Item 1. (b)

Totals for all transactions reported on Form(s) 8949 with Box A checked

Line 1b. Item 2. (b).

Totals for all transactions reported on Form(s) 8949 with Box B checked

Line 1. Item 2. (b).

Totals for all transactions reported on Form(s) 8949 with Box C checked

Line 1. Item 3. (b).

Short-term gain from Form 6252 and short-term gain or (loss) from Forms 4684, 6781, and 8824

Net short-term gain or (loss) from partnerships, S corporations, estates, and trusts from Schedule(s) K-1

Short-term capital loss carryover. Enter the amount, if any, from line 8 of your Capital Loss Carryover Worksheet in the instructions

( )

Net short-term capital gain or (loss). Combine lines 1a through 6 in column (h). If you have any long-term capital gains or losses, go to Part II below. Otherwise, go to Part III on the back

Part II

Long-Term Capital Gains and Losses—Assets Held More Than One Year

See instructions for how to figure the amounts to enter on the lines below.

This form may be easier to complete if you round off cents to whole dollars.

See instructions for how to figure the amounts to enter on the lines below. This form may be easier to complete if you round off cents to whole dollars.

(d)

Proceeds

(sales price)

(e)

Cost

(or other basis)

(g)

Adjustments

to gain or loss from Form(s) 8949, Part II, line 2, column (g)

(h) Gain or (loss)

Subtract column (e) from column (d) and combine the result with column (g)

Totals for all long-term transactions reported on Form 1099-B for which basis was reported to the IRS and for which you have no adjustments (see instructions). However, if you choose to report all these transactions on Form 8949, leave this line blank and go to line 8b

Line 8a. Item 1. (b).

Totals for all transactions reported on Form(s) 8949 with Box D checked

Line 1. Item 2. (b). Totals for all transactions reported on Form(s) 8949 with Box D checked.

Totals for all transactions reported on Form(s) 8949 with Box E checked

Line 1. Item 2. (b). Totals for all transactions reported on Form(s) 8949 with Box E checked.

Totals for all transactions reported on Form(s) 8949 with Box F checked

Line 1. Item 3. (b). Totals for all transactions reported on Form(s) 8949 with Box F checked.

Gain from Form 4797, Part I; long-term gain from Forms 2439 and 6252; and long-term gain or (loss) from Forms 4684, 6781, and 8824

Net long-term gain or (loss) from partnerships, S corporations, estates, and trusts from Schedule(s) K-1

Capital gain distributions. See the instructions

Long-term capital loss carryover. Enter the amount, if any, from line 13 of your Capital Loss Carryover Worksheet in the instructions

( )

Net long-term capital gain or (loss). Combine lines 8a through 14 in column (h). Then go to Part III on the back

For Paperwork Reduction Act Notice, see your tax return instructions.

Cat. No. 11338H

Schedule D (Form 1040) 2014

Page 2

Part III

Summary

Combine lines 7 and 15 and enter the result

• If line 16 is a gain, enter the amount from line 16 on Form 1040, line 13, or Form 1040NR, line 14. Then go to line 17 below.

• If line 16 is a loss, skip lines 17 through 20 below. Then go to line 21. Also be sure to complete line 22.

• If line 16 is zero, skip lines 17 through 21 below and enter -0- on Form 1040, line 13, or Form 1040NR, line 14. Then go to line 22.

Are lines 15 and 16 both gains?

Yes. Go to line 18.

No. Skip lines 18 through 21, and go to line 22.

Enter the amount, if any, from line 7 of the 28% Rate Gain Worksheet in the instructions ▶

Enter the amount, if any, from line 18 of the Unrecaptured Section 1250 Gain Worksheet in the instructions ▶

Are lines 18 and 19 both zero or blank?

Yes. Complete the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Form 1040, line 44 (or in the instructions for Form 1040NR, line 42). Do not complete lines 21 and 22 below.

No. Complete the Schedule D Tax Worksheet in the instructions. Do not complete lines 21 and 22 below.

If line 16 is a loss, enter here and on Form 1040, line 13, or Form 1040NR, line 14, the smaller of:

• The loss on line 16 or

• ($3,000), or if married filing separately, ($1,500)

}

( )

Note. When figuring which amount is smaller, treat both amounts as positive numbers.

Do you have qualified dividends on Form 1040, line 9b, or Form 1040NR, line 10b?

Yes. Complete the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Form 1040, line 44 (or in the instructions for Form 1040NR, line 42).

No. Complete the rest of Form 1040 or Form 1040NR.

Schedule D (Form 1040) 2014

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Form 1040 Sch E(1).pdf

SCHEDULE E (Form 1040)

Department of the Treasury Internal Revenue Service (99)

Supplemental Income and Loss (From rental real estate, royalties, partnerships, S corporations, estates, trusts, REMICs, etc.)

▶ Attach to Form 1040, 1040NR, or Form 1041. ▶ Information about Schedule E and its separate instructions is at www.irs.gov/schedulee.

OMB No. 1545-0074

2014 Attachment Sequence No. 13

Name(s) shown on return Your social security number

Part I Income or Loss From Rental Real Estate and Royalties Note. If you are in the business of renting personal property, use Schedule C or C-EZ (see instructions). If you are an individual, report farm rental income or loss from Form 4835 on page 2, line 40.

A Did you make any payments in 2014 that would require you to file Form(s) 1099? (see instructions) Yes No B If “Yes,” did you or will you file required Forms 1099? Yes No

1a Physical address of each property (street, city, state, ZIP code) A B C 1b Type of Property

(from list below) A B C

2 For each rental real estate property listed above, report the number of fair rental and personal use days. Check the QJV box only if you meet the requirements to file as a qualified joint venture. See instructions.

Fair Rental Days

Personal Use Days

QJV

A B C

Type of Property: 1 Single Family Residence 2 Multi-Family Residence

3 Vacation/Short-Term Rental 4 Commercial

5 Land 6 Royalties

7 Self-Rental 8 Other (describe)

Income: Properties: A B C

3 Rents received . . . . . . . . . . . . . 3 4 Royalties received . . . . . . . . . . . . 4

Expenses: 5 Advertising . . . . . . . . . . . . . . 5 6 Auto and travel (see instructions) . . . . . . . 6 7 Cleaning and maintenance . . . . . . . . . 7 8 Commissions. . . . . . . . . . . . . . 8 9 Insurance . . . . . . . . . . . . . . . 9

10 Legal and other professional fees . . . . . . . 10 11 Management fees . . . . . . . . . . . . 11 12 Mortgage interest paid to banks, etc. (see instructions) 12 13 Other interest. . . . . . . . . . . . . . 13 14 Repairs. . . . . . . . . . . . . . . . 14 15 Supplies . . . . . . . . . . . . . . . 15 16 Taxes . . . . . . . . . . . . . . . . 16 17 Utilities . . . . . . . . . . . . . . . . 17 18 Depreciation expense or depletion . . . . . . . 18 19 Other (list) ▶ 19 20 Total expenses. Add lines 5 through 19 . . . . . 20

21 Subtract line 20 from line 3 (rents) and/or 4 (royalties). If result is a (loss), see instructions to find out if you must file Form 6198 . . . . . . . . . . . . . 21

22 Deductible rental real estate loss after limitation, if any, on Form 8582 (see instructions) . . . . . . . 22 ( ) ( ) ( )

23a Total of all amounts reported on line 3 for all rental properties . . . . 23a b Total of all amounts reported on line 4 for all royalty properties . . . . 23b c Total of all amounts reported on line 12 for all properties . . . . . . 23c d Total of all amounts reported on line 18 for all properties . . . . . . 23d e Total of all amounts reported on line 20 for all properties . . . . . . 23e

24 Income. Add positive amounts shown on line 21. Do not include any losses . . . . . . . 24 25 Losses. Add royalty losses from line 21 and rental real estate losses from line 22. Enter total losses here 25 ( )

26 Total rental real estate and royalty income or (loss). Combine lines 24 and 25. Enter the result here. If Parts II, III, IV, and line 40 on page 2 do not apply to you, also enter this amount on Form 1040, line 17, or Form 1040NR, line 18. Otherwise, include this amount in the total on line 41 on page 2 . . . . 26

For Paperwork Reduction Act Notice, see the separate instructions. Cat. No. 11344L Schedule E (Form 1040) 2014

Schedule E (Form 1040) 2014 Attachment Sequence No. 13 Page 2 Name(s) shown on return. Do not enter name and social security number if shown on other side. Your social security number

Caution. The IRS compares amounts reported on your tax return with amounts shown on Schedule(s) K-1. Part II Income or Loss From Partnerships and S Corporations Note. If you report a loss from an at-risk activity for which

any amount is not at risk, you must check the box in column (e) on line 28 and attach Form 6198. See instructions.

27 Are you reporting any loss not allowed in a prior year due to the at-risk, excess farm loss, or basis limitations, a prior year unallowed loss from a passive activity (if that loss was not reported on Form 8582), or unreimbursed partnership expenses? If you answered “Yes,” see instructions before completing this section. Yes No

28 (a) Name (b) Enter P for partnership; S

for S corporation

partnership

(d) Employer identification

number

(e) Check if any amount is

not at risk

A B C D

Passive Income and Loss Nonpassive Income and Loss (f) Passive loss allowed

(attach Form 8582 if required) (g) Passive income from Schedule K–1

(h) Nonpassive loss from Schedule K–1

(i) Section 179 expense deduction from Form 4562

(j) Nonpassive income from Schedule K–1

A B C D 29a Totals

b Totals 30 Add columns (g) and (j) of line 29a . . . . . . . . . . . . . . . . . . . . . 30 31 Add columns (f), (h), and (i) of line 29b . . . . . . . . . . . . . . . . . . . 31 ( )

32 Total partnership and S corporation income or (loss). Combine lines 30 and 31. Enter the result here and include in the total on line 41 below . . . . . . . . . . . . . . . 32

Part III Income or Loss From Estates and Trusts

33 (a) Name (b) Employer identification number

A B

Passive Income and Loss Nonpassive Income and Loss

(d) Passive income from Schedule K–1

(e) Deduction or loss from Schedule K–1

(f) Other income from Schedule K–1

A B 34a Totals

b Totals 35 Add columns (d) and (f) of line 34a . . . . . . . . . . . . . . . . . . . . . 35 36 Add columns (c) and (e) of line 34b . . . . . . . . . . . . . . . . . . . . 36 ( ) 37 Total estate and trust income or (loss). Combine lines 35 and 36. Enter the result here and

include in the total on line 41 below . . . . . . . . . . . . . . . . . . . . 37 Part IV Income or Loss From Real Estate Mortgage Investment Conduits (REMICs)—Residual Holder

38 (a) Name (b) Employer identification number (c) Excess inclusion from

Schedules Q, line 2c (see instructions)

(d) Taxable income (net loss) from Schedules Q, line 1b

(e) Income from Schedules Q, line 3b

39 Combine columns (d) and (e) only. Enter the result here and include in the total on line 41 below 39 Part V Summary 40 Net farm rental income or (loss) from Form 4835. Also, complete line 42 below . . . . . . 40 41 Total income or (loss). Combine lines 26, 32, 37, 39, and 40. Enter the result here and on Form 1040, line 17, or Form 1040NR, line 18 ▶ 41

42 Reconciliation of farming and fishing income. Enter your gross farming and fishing income reported on Form 4835, line 7; Schedule K-1 (Form 1065), box 14, code B; Schedule K-1 (Form 1120S), box 17, code V; and Schedule K-1 (Form 1041), box 14, code F (see instructions) . . 42

43 Reconciliation for real estate professionals. If you were a real estate professional (see instructions), enter the net income or (loss) you reported anywhere on Form 1040 or Form 1040NR from all rental real estate activities in which you materially participated under the passive activity loss rules . . 43

Schedule E (Form 1040) 2014

Version A, Cycle 2

Internal Use Only

DRAFT AS OF

March 11, 2014

2014 Form 1040 (Schedule E)

SE:W:CAR:MP

Supplemental Income and Loss

SCHEDULE E (Form 1040)

Department of the Treasury Internal Revenue Service (99)

Supplemental Income and Loss (From rental real estate, royalties, partnerships, S corporations, estates, trusts, REMICs, etc.)

▶ Attach to Form 1040, 1040NR, or Form 1041.

▶ Information about Schedule E and its separate instructions is at www.irs.gov/schedulee.

OMB No. 1545-0074

2014

2014. Catalog Number 11344L.

Attachment

Sequence No. 13

Attachment Sequence Number 13. For Paperwork Reduction Act Notice, see the separate instructions.

Part I

Income or Loss From Rental Real Estate and Royalties Note. If you are in the business of renting personal property, use Schedule C or C-EZ (see instructions). If you are an individual, report farm rental income or loss from Form 4835 on page 2, line 40.

Did you make any payments in 2014 that would require you to file Form(s) 1099? (see instructions)

If “Yes,” did you or will you file required Forms 1099?

Physical address of each property (street, city, state, ZIP code)

Type of Property (from list below)

For each rental real estate property listed above, report the number of fair rental and personal use days. Check the QJV box only if you meet the requirements to file as a qualified joint venture. See instructions.

Fair Rental Days

Personal Use Days

QJV

Type of Property:

1 Single Family Residence

2 Multi-Family Residence

3 Vacation/Short-Term Rental

4 Commercial

5 Land

6 Royalties

7 Self-Rental

Income:

Properties:

Income:

Property A. Dollars.

Property A. Cents.

Property B. Dollars.

Property B. Cents.

Property C. Dollars.

Property C. Cents.

Rents received

Royalties received

Expenses:

Property A. Dollars.

Property A. Cents.

Property B. Dollars.

Property B. Cents.

Property C. Dollars.

Property C. Cents.

Advertising

Auto and travel (see instructions)

Cleaning and maintenance

Commissions

Insurance

Legal and other professional fees

Management fees

Mortgage interest paid to banks, etc. (see instructions)

Other interest

Repairs

Supplies

Taxes

Utilities

Depreciation expense or depletion

Total expenses. Add lines 5 through 19

Subtract line 20 from line 3 (rents) and/or 4 (royalties). If result is a (loss), see instructions to find out if you must file Form 6198

Deductible rental real estate loss after limitation, if any, on Form 8582 (see instructions)

Total of all amounts reported on line 3 for all rental properties

23a

Total of all amounts reported on line 4 for all royalty properties

23b

Total of all amounts reported on line 12 for all properties

23c

Total of all amounts reported on line 18 for all properties

23d

Total of all amounts reported on line 20 for all properties

23e

Income. Add positive amounts shown on line 21. Do not include any losses

Losses. Add royalty losses from line 21 and rental real estate losses from line 22. Enter total losses here

Total rental real estate and royalty income or (loss). Combine lines 24 and 25. Enter the result here. If Parts II, III, IV, and line 40 on page 2 do not apply to you, also enter this amount on Form 1040, line 17, or Form 1040NR, line 18. Otherwise, include this amount in the total on line 41 on page 2

For Paperwork Reduction Act Notice, see the separate instructions.

Cat. No. 11344L

Schedule E (Form 1040) 2014

Attachment Sequence No. 13

Page 2

Caution. The IRS compares amounts reported on your tax return with amounts shown on Schedule(s) K-1.

Part II

Income or Loss From Partnerships and S Corporations Note. If you report a loss from an at-risk activity for which any amount is not at risk, you must check the box in column (e) on line 28 and attach Form 6198. See instructions.

Are you reporting any loss not allowed in a prior year due to the at-risk, excess farm loss, or basis limitations, a prior year unallowed loss from a passive activity (if that loss was not reported on Form 8582), or unreimbursed partnership expenses? If you answered “Yes,” see instructions before completing this section.

(a) Name

(b) Enter P for partnership; S

for S corporation

(d) Employer

identification

number

(e) Check if

any amount is

not at risk

Passive Income and Loss

Nonpassive Income and Loss

(f) Passive loss allowed

(attach Form 8582 if required)

(g) Passive income

from Schedule K–1

(h) Nonpassive loss

from Schedule K–1

(i) Section 179 expense

deduction from Form 4562

(j) Nonpassive income

from Schedule K–1

Passive Income and Loss. (f) Passive loss allowed (attach Form 8582 if required). Dollars.

Passive Income and Loss. (f) Passive loss allowed (attach Form 8582 if required). Cents.

Passive Income and Loss. (g) Passive income from Schedule K–1. Dollars.

Passive Income and Loss. (g) Passive income from Schedule K–1. Cents.

Nonpassive Income and Loss. (h) Nonpassive loss from Schedule K–1. Dollars.

Nonpassive Income and Loss. (h) Nonpassive loss from Schedule K–1. Cents.

Nonpassive Income and Loss. (i) Section 179 expense deduction from Form 4562. Dollars.

Nonpassive Income and Loss. (i) Section 179 expense deduction from Form 4562. Cents.

Nonpassive Income and Loss. (j) Nonpassive income from Schedule K–1. Dollars.

Nonpassive Income and Loss. (j) Nonpassive income from Schedule K–1. Cents.

Totals

Add columns (g) and (j) of line 29a

Add columns (f), (h), and (i) of line 29b

Total partnership and S corporation income or (loss). Combine lines 30 and 31. Enter the result here and include in the total on line 41 below

Part III

Income or Loss From Estates and Trusts

(a) Name

(b) Employer

identification number

Passive Income and Loss

Nonpassive Income and Loss

(attach Form 8582 if required)

(d) Passive income

from Schedule K–1

(e) Deduction or loss

from Schedule K–1

(f) Other income from

Schedule K–1

Passive Income and Loss. (c) Passive deduction or loss allowed (attach Form 8582 if required). Dollars.

Passive Income and Loss. (c) Passive deduction or loss allowed (attach Form 8582 if required). Cents.

Passive Income and Loss. (d) Passive income from Schedule K–1. Dollars.

Passive Income and Loss. (d) Passive income from Schedule K–1. Cents.

Nonpassive Income and Loss. (e) Deduction or loss from Schedule K–1. Dollars.

Nonpassive Income and Loss. (e) Deduction or loss from Schedule K–1. Cents.

Nonpassive Income and Loss. (f) Other income from Schedule K–1. Dollars.

Nonpassive Income and Loss. (f) Other income from Schedule K–1. Cents.

Totals

Add columns (d) and (f) of line 34a

Add columns (c) and (e) of line 34b

Total estate and trust income or (loss). Combine lines 35 and 36. Enter the result here and include in the total on line 41 below

Part IV

Income or Loss From Real Estate Mortgage Investment Conduits (REMICs)—Residual Holder

(a) Name

(b) Employer identification number

(see instructions)

(d) Taxable income (net loss) from Schedules Q, line 1b

(e) Income from

Schedules Q, line 3b

(a) Name.

(b) Employer identification number.

(d) Taxable income (net loss) from Schedules Q, line 1b. Dollars.

(d) Taxable income (net loss) from Schedules Q, line 1b. Cents.

(e) Income from Schedules Q, line 3b. Dollars.

(e) Income from Schedules Q, line 3b. Cents.

Combine columns (d) and (e) only. Enter the result here and include in the total on line 41 below

Part V

Summary

Net farm rental income or (loss) from Form 4835. Also, complete line 42 below

Total income or (loss). Combine lines 26, 32, 37, 39, and 40. Enter the result here and on Form 1040, line 17, or Form 1040NR, line 18 ▶

Reconciliation of farming and fishing income. Enter your gross farming and fishing income reported on Form 4835, line 7; Schedule K-1 (Form 1065), box 14, code B; Schedule K-1 (Form 1120S), box 17, code V; and Schedule K-1 (Form 1041), box 14, code F (see instructions)

Reconciliation for real estate professionals. If you were a real estate professional (see instructions), enter the net income or (loss) you reported anywhere on Form 1040 or Form 1040NR from all rental real estate activities in which you materially participated under the passive activity loss rules

Schedule E (Form 1040) 2014

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Form 1040(1).pdf

F o

rm 1040 Department of the Treasury—Internal Revenue Service (99)U.S. Individual Income Tax Return 2014 OMB No. 1545-0074 IRS Use Only—Do not write or staple in this space. For the year Jan. 1–Dec. 31, 2014, or other tax year beginning , 2014, ending , 20 See separate instructions. Your first name and initial Last name Your social security number

If a joint return, spouse’s first name and initial Last name Spouse’s social security number

▲ Make sure the SSN(s) above and on line 6c are correct.

Home address (number and street). If you have a P.O. box, see instructions. Apt. no.

City, town or post office, state, and ZIP code. If you have a foreign address, also complete spaces below (see instructions).

Foreign country name Foreign province/state/county Foreign postal code

Presidential Election Campaign

Check here if you, or your spouse if filing jointly, want $3 to go to this fund. Checking a box below will not change your tax or refund. You Spouse

Filing Status

Check only one box.

1 Single

2 Married filing jointly (even if only one had income)

3 Married filing separately. Enter spouse’s SSN above and full name here. ▶

4 Head of household (with qualifying person). (See instructions.) If the qualifying person is a child but not your dependent, enter this

child’s name here. ▶

5 Qualifying widow(er) with dependent child

Exemptions 6a Yourself. If someone can claim you as a dependent, do not check box 6a . . . . . b Spouse . . . . . . . . . . . . . . . . . . . . . . . .

} c Dependents:

(1) First name Last name

(2) Dependent’s social security number

(3) Dependent’s relationship to you

(4) ✓ if child under age 17 qualifying for child tax credit

(see instructions)

If more than four dependents, see instructions and check here ▶

d Total number of exemptions claimed . . . . . . . . . . . . . . . . .

Boxes checked on 6a and 6b No. of children on 6c who: • lived with you • did not live with you due to divorce or separation (see instructions)

Dependents on 6c not entered above

Add numbers on lines above ▶

Income

Attach Form(s) W-2 here. Also attach Forms W-2G and 1099-R if tax was withheld.

If you did not get a W-2, see instructions.

7 Wages, salaries, tips, etc. Attach Form(s) W-2 . . . . . . . . . . . . 7

8a Taxable interest. Attach Schedule B if required . . . . . . . . . . . . 8a

b Tax-exempt interest. Do not include on line 8a . . . 8b

9 a Ordinary dividends. Attach Schedule B if required . . . . . . . . . . . 9a

b Qualified dividends . . . . . . . . . . . 9b

10 Taxable refunds, credits, or offsets of state and local income taxes . . . . . . 10

11 Alimony received . . . . . . . . . . . . . . . . . . . . . 11

12 Business income or (loss). Attach Schedule C or C-EZ . . . . . . . . . . 12

13 Capital gain or (loss). Attach Schedule D if required. If not required, check here ▶ 13

14 Other gains or (losses). Attach Form 4797 . . . . . . . . . . . . . . 14

15 a IRA distributions . 15a b Taxable amount . . . 15b

16 a Pensions and annuities 16a b Taxable amount . . . 16b

17 Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E 17

18 Farm income or (loss). Attach Schedule F . . . . . . . . . . . . . . 18

19 Unemployment compensation . . . . . . . . . . . . . . . . . 19

20 a Social security benefits 20a b Taxable amount . . . 20b

21 Other income. List type and amount 21 22 Combine the amounts in the far right column for lines 7 through 21. This is your total income ▶ 22

Adjusted Gross Income

23 Educator expenses . . . . . . . . . . . 23

24 Certain business expenses of reservists, performing artists, and fee-basis government officials. Attach Form 2106 or 2106-EZ 24

25 Health savings account deduction. Attach Form 8889 . 25

26 Moving expenses. Attach Form 3903 . . . . . . 26

27 Deductible part of self-employment tax. Attach Schedule SE . 27

28 Self-employed SEP, SIMPLE, and qualified plans . . 28

29 Self-employed health insurance deduction . . . . 29

30 Penalty on early withdrawal of savings . . . . . . 30

31 a Alimony paid b Recipient’s SSN ▶ 31a

32 IRA deduction . . . . . . . . . . . . . 32

33 Student loan interest deduction . . . . . . . . 33

34 Tuition and fees. Attach Form 8917 . . . . . . . 34

35 Domestic production activities deduction. Attach Form 8903 35

36 Add lines 23 through 35 . . . . . . . . . . . . . . . . . . . 36 37 Subtract line 36 from line 22. This is your adjusted gross income . . . . . ▶ 37

For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Cat. No. 11320B Form 1040 (2014)

Form 1040 (2014) Page 2

Tax and Credits

38 Amount from line 37 (adjusted gross income) . . . . . . . . . . . . . . 38

39a Check if:

{ You were born before January 2, 1950, Blind. Spouse was born before January 2, 1950, Blind.

} Total boxes checked ▶ 39a

b If your spouse itemizes on a separate return or you were a dual-status alien, check here ▶ 39b Standard Deduction for— • People who check any box on line 39a or 39b or who can be claimed as a dependent, see instructions. • All others: Single or Married filing separately, $6,200 Married filing jointly or Qualifying widow(er), $12,400 Head of household, $9,100

40 Itemized deductions (from Schedule A) or your standard deduction (see left margin) . . 40

41 Subtract line 40 from line 38 . . . . . . . . . . . . . . . . . . . 41

42 Exemptions. If line 38 is $152,525 or less, multiply $3,950 by the number on line 6d. Otherwise, see instructions 42

43 Taxable income. Subtract line 42 from line 41. If line 42 is more than line 41, enter -0- . . 43

44 Tax (see instructions). Check if any from: a Form(s) 8814 b Form 4972 c 44

45 Alternative minimum tax (see instructions). Attach Form 6251 . . . . . . . . . 45

46 Excess advance premium tax credit repayment. Attach Form 8962 . . . . . . . . 46

47 Add lines 44, 45, and 46 . . . . . . . . . . . . . . . . . . . ▶ 47

48 Foreign tax credit. Attach Form 1116 if required . . . . 48

49 Credit for child and dependent care expenses. Attach Form 2441 49

50 Education credits from Form 8863, line 19 . . . . . 50

51 Retirement savings contributions credit. Attach Form 8880 51

52 Child tax credit. Attach Schedule 8812, if required . . . 52

53 Residential energy credits. Attach Form 5695 . . . . 53

54 Other credits from Form: a 3800 b 8801 c 54

55 Add lines 48 through 54. These are your total credits . . . . . . . . . . . . 55

56 Subtract line 55 from line 47. If line 55 is more than line 47, enter -0- . . . . . . ▶ 56

Other Taxes

57 Self-employment tax. Attach Schedule SE . . . . . . . . . . . . . . . 57

58 Unreported social security and Medicare tax from Form: a 4137 b 8919 . . 58

59 Additional tax on IRAs, other qualified retirement plans, etc. Attach Form 5329 if required . . 59

60 a Household employment taxes from Schedule H . . . . . . . . . . . . . . 60a

b First-time homebuyer credit repayment. Attach Form 5405 if required . . . . . . . . 60b

61 Health care: individual responsibility (see instructions) Full-year coverage . . . . . 61

62 Taxes from: a Form 8959 b Form 8960 c Instructions; enter code(s) 62

63 Add lines 56 through 62. This is your total tax . . . . . . . . . . . . . ▶ 63

Payments 64 Federal income tax withheld from Forms W-2 and 1099 . . 64 65 2014 estimated tax payments and amount applied from 2013 return 65

If you have a qualifying child, attach Schedule EIC.

66a Earned income credit (EIC) . . . . . . . . . . 66a

b Nontaxable combat pay election 66b

67 Additional child tax credit. Attach Schedule 8812 . . . . . 67

68 American opportunity credit from Form 8863, line 8 . . . 68

69 Net premium tax credit. Attach Form 8962 . . . . . . 69

70 Amount paid with request for extension to file . . . . . 70

71 Excess social security and tier 1 RRTA tax withheld . . . . 71 72 Credit for federal tax on fuels. Attach Form 4136 . . . . 72

73 Credits from Form: a 2439 b Reserved c Reserved d 73

74 Add lines 64, 65, 66a, and 67 through 73. These are your total payments . . . . . ▶ 74

Refund

Direct deposit? See instructions.

75 If line 74 is more than line 63, subtract line 63 from line 74. This is the amount you overpaid 75

76a Amount of line 75 you want refunded to you. If Form 8888 is attached, check here . ▶ 76a ▶

▶

b Routing number ▶ c Type: Checking Savings

d Account number

77 Amount of line 75 you want applied to your 2015 estimated tax ▶ 77 Amount You Owe

78 Amount you owe. Subtract line 74 from line 63. For details on how to pay, see instructions ▶ 78 79 Estimated tax penalty (see instructions) . . . . . . . 79

Third Party Designee

Do you want to allow another person to discuss this return with the IRS (see instructions)? Yes. Complete below. No Designee’s name ▶

Phone no. ▶

Personal identification number (PIN) ▶

Sign Here Joint return? See instructions. Keep a copy for your records.

Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, they are true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.

Your signature Date Your occupation Daytime phone number

Spouse’s signature. If a joint return, both must sign. Date

▲

Spouse’s occupation If the IRS sent you an Identity Protection PIN, enter it here (see inst.)

Paid Preparer Use Only

Print/Type preparer’s name Preparer’s signature Date Check if self-employed

PTIN

Firm’s name ▶

Firm’s address ▶

Firm's EIN ▶

Phone no.

www.irs.gov/form1040 Form 1040 (2014)

Version A, Cycle 11

Internal Use Only

DRAFT AS OF

December 19, 2014

Version A, Cycle 11

Internal Use Only

DRAFT AS OF

December 19, 2014

2014 Form 1040

SE:W:CAR:MP

U.S. Individual Income Tax Return

Form

1040

Department of the Treasury—Internal Revenue Service

(99)

U.S. Individual Income Tax Return

2014

2014. Catalog Number 11320B.

OMB No. 1545-0074

O M B Number 1545-0074. For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions.

IRS Use Only—Do not write or staple in this space.

See separate instructions.

▲

Make sure the SSN(s) above and on line 6c are correct.

Presidential Election Campaign

Check here if you, or your spouse if filing jointly, want $3 to go to this fund. Checking a box below will not change your tax or refund.

Filing Status

Check only one box.

Single

Married filing jointly (even if only one had income)

Married filing separately. Enter spouse’s SSN above and full name here. ▶

Head of household (with qualifying person). (See instructions.) If the qualifying person is a child but not your dependent, enter this child’s name here. ▶

Qualifying widow(er) with dependent child

Exemptions

Yourself. If someone can claim you as a dependent, do not check box 6a

Spouse

}

Dependents:

(1) First name Last name

(2) Dependent’s

social security number

(3) Dependent’s relationship to you

(4) ✓ if child under age 17 qualifying for child tax credit

(see instructions)

(4) Check if child under age 17 qualifying for child tax credit (see instructions).

If more than four dependents, see instructions and check here ▶

Total number of exemptions claimed

Boxes checked on 6a and 6b

No. of children on 6c who:

• lived with you

• did not live with you due to divorce or separation

(see instructions)

Dependents on 6c not entered above

Add numbers on lines above ▶

Income

Attach Form(s) W-2 here. Also attach Forms W-2G and

1099-R if tax was withheld.

If you did not

get a W-2,

see instructions.

Wages, salaries, tips, etc. Attach Form(s) W-2

Taxable interest. Attach Schedule B if required

Tax-exempt interest. Do not include on line 8a

Ordinary dividends. Attach Schedule B if required

Qualified dividends

Taxable refunds, credits, or offsets of state and local income taxes

Alimony received

Business income or (loss). Attach Schedule C or C-EZ

Capital gain or (loss). Attach Schedule D if required. If not required, check here ▶

Other gains or (losses). Attach Form 4797

IRA distributions

15a

b Taxable amount

15b

Pensions and annuities

16a

b Taxable amount

16b

Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E

Farm income or (loss). Attach Schedule F

Unemployment compensation

Social security benefits

20a

b Taxable amount

20b

Other income. List type and amount

Combine the amounts in the far right column for lines 7 through 21. This is your total income ▶

Adjusted Gross Income

Educator expenses

Certain business expenses of reservists, performing artists, and fee-basis government officials. Attach Form 2106 or 2106-EZ

Health savings account deduction. Attach Form 8889

Moving expenses. Attach Form 3903

Deductible part of self-employment tax. Attach Schedule SE

Self-employed SEP, SIMPLE, and qualified plans

Self-employed health insurance deduction

Penalty on early withdrawal of savings

Alimony paid

b Recipient’s SSN ▶

31a

IRA deduction

Student loan interest deduction

Tuition and fees. Attach Form 8917

Domestic production activities deduction. Attach Form 8903

Add lines 23 through 35

Subtract line 36 from line 22. This is your adjusted gross income ▶

For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions.

Cat. No. 11320B

Form 1040 (2014)

Page 2

Tax and Credits

Amount from line 37 (adjusted gross income)

Check if:

{

}

Total boxes checked ▶

39a

If your spouse itemizes on a separate return or you were a dual-status alien, check here ▶

Standard Deduction for—

• People who check any box on line 39a or 39b or who can be claimed as a dependent, see instructions.

• All others:

Single or Married filing separately, $6,200

Married filing jointly or Qualifying widow(er), $12,400

Head of household, $9,100

Itemized deductions (from Schedule A) or your standard deduction (see left margin)

Subtract line 40 from line 38

Exemptions. If line 38 is $152,525 or less, multiply $3,950 by the number on line 6d. Otherwise, see instructions

Taxable income. Subtract line 42 from line 41. If line 42 is more than line 41, enter -0-

Tax (see instructions). Check if any from:

Alternative minimum tax (see instructions). Attach Form 6251

Excess advance premium tax credit repayment. Attach Form 8962

Add lines 44, 45, and 46 ▶

Foreign tax credit. Attach Form 1116 if required

Credit for child and dependent care expenses. Attach Form 2441

Education credits from Form 8863, line 19

Retirement savings contributions credit. Attach Form 8880

Child tax credit. Attach Schedule 8812, if required

Residential energy credits. Attach Form 5695

Other credits from Form:

Add lines 48 through 54. These are your total credits

Subtract line 55 from line 47. If line 55 is more than line 47, enter -0- ▶

Other Taxes

Self-employment tax. Attach Schedule SE

Unreported social security and Medicare tax from Form:

Additional tax on IRAs, other qualified retirement plans, etc. Attach Form 5329 if required

Household employment taxes from Schedule H

60a

First-time homebuyer credit repayment. Attach Form 5405 if required

60b

Health care: individual responsibility (see instructions)

Taxes from:

enter code(s)

Add lines 56 through 62. This is your total tax ▶

Payments

Federal income tax withheld from Forms W-2 and 1099

2014 estimated tax payments and amount applied from 2013 return

If you have a qualifying child, attach Schedule EIC.

Earned income credit (EIC)

66a

Nontaxable combat pay election

66b

Additional child tax credit. Attach Schedule 8812 .

American opportunity credit from Form 8863, line 8

Net premium tax credit. Attach Form 8962

Amount paid with request for extension to file

Excess social security and tier 1 RRTA tax withheld

Credit for federal tax on fuels. Attach Form 4136

Credits from Form:

Add lines 64, 65, 66a, and 67 through 73. These are your total payments ▶

Refund

Direct deposit? See instructions.

If line 74 is more than line 63, subtract line 63 from line 74. This is the amount you overpaid

Amount of line 75 you want refunded to you. If Form 8888 is attached, check here ▶

76a

▶

Routing number

▶ c Type:

Account number

Amount of line 75 you want applied to your 2015 estimated tax ▶

Amount You Owe

Amount you owe. Subtract line 74 from line 63. For details on how to pay, see instructions ▶

Estimated tax penalty (see instructions)

Third Party Designee

Do you want to allow another person to discuss this return with the IRS (see instructions)?

Designee’sname ▶

Phoneno. ▶

Personal identificationnumber (PIN) ▶

Sign Here

Joint return? See instructions. Keep a copy for your records.

Your signature

Date

Spouse’s signature. If a joint return, both must sign.

Date

▲

If the IRS sent you an Identity Protection PIN, enter it

here (see inst.)

Paid Preparer Use Only

Preparer’s signature

Date

Check if

self-employed

www.irs.gov/form1040

Form 1040 (2014)

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Comp Prob 2 Walter Newman UG F15.docx

ACC 420 Individual Taxation

Miller, Fall 2015

Comprehensive Problem 2: Tax Return-Individual – Walter Newman

Due: Nov. 2, 2015

Points: 50

Instructions:

Please complete the required federal individual income tax return forms for the following taxpayer. For purposes of this assignment you should ignore attaching federal Form 8582. Unless instructed otherwise, the information provided is for the taxpayer’s 2014 tax year. Please complete his entire 2014 tax return, including required forms and schedules. Ignore the requirement to attach the form(s) W-2 to the front page of the Form 1040. Also, if required information is missing, use reasonable assumptions to fill in the gaps.

Walter Newman is your client. Walter and his now ex-wife Cindi were legally divorced on March 1 of the year for which you are completing the tax return. As of the end of year, Walter was single. Walter and Cindi had only one child, a girl named Alyssa. As part of the divorce decree, Walter was given custody of Alyssa, and Cindi was required to pay child support for Alyssa’s care as well as alimony to Walter until he remarries or dies. Because Cindi is making child support payments, the divorce decree provided that Cindi is permitted to claim the tax dependency exemption for Alyssa until Alyssa no longer qualifies as a tax dependent of her parents, and the decree obligates Walter to sign and/or file any required forms to cause this result to occur.

Walter rents a home (separate from Cindi) that he pays for himself. Alyssa lives with Walter most of the time, but she visits and stays with her mother every other weekend and most holidays. During the year, Alyssa stayed at Cindi’s house a total of 74 nights.

The following information relates to Walter’s tax year:

· Walter’s social security number is 484-43-4655; date of birth is February 10, 1987

· Cindi’s social security number is 484-12-2046; date of birth is October 1, 1990

· Alyssa’s social security number is 484-34-6828; date of birth is June 12, 2004

· Walter’s mailing address is 3600 Rose Petal Drive, Madison, Wisconsin 53562

· Walter, Cindi, and Alyssa are U.S .citizens

Walter Newman received the following income during the year:

Company	Gross Wages	Federal Income Tax Withholding	State Income Tax Withholding
Central Wisconsin Heating and Air	39,730	7,330	2,550

All applicable and appropriate payroll taxes were withheld by the employer.

During the year, Walter also received the following:

Child Support Payment from Cindi Newman $18,200

Alimony Payment from Cindi Newman $ 9,400

Gift from his father to help with legal bills $ 8,500

Interest income on U.S. Treasury Bond $ 500

Interest income of Madison City Bond (municipal) $ 400

Interest income from First Bank of Madison $ 265

Life insurance proceeds on the death of his mother $45,000

Walter is a 50% owner in a friend’s company, Bright Day Flowers (“BDF”). BDF is a Subchapter S corporation. The company reported ordinary business income for the year of $28,000. Walter acquired the stock several years ago. BDF’s employer identification number is 56-2424888.

Walter won 10 tickets through a radio contest to the touring broadway-style production of Wholesome. The value of the tickets was $130 each. Walter took his friends from work to the production.

Walter lost his job with Central Wisconsin Heating and Air on November 15 because of a reduction in work force. He collected $1,360 in unemployment benefits. He is currently looking for another job.

Walter did not own, control or manage any foreign bank accounts nor was he a grantor or beneficiary of a foreign trust during the tax year.

Through work Walter was provided with certain benefits as part of his employment:

· Group-term life insurance coverage of $50,000. Cost to cover Walter for the company for the tax year is $320.

· Access to the company photocopy machine. Walter estimates he made $45 worth of copies during the year primarily for use with his church group activities.

Walter gave $3,900 to his church. He paid $3,250 in mortgage interest and $1,700 in property taxes on his home. He reported no other itemized deductions than the ones noted in this data.

Walter does not want to contribute to the Presidential Election Campaign. He would like to receive a refund (if any) of any tax he may have overpaid for the year. His preferred method of receiving the refund is by direct deposit. His bank information is: Routing number: 272359122; checking accounting number is 1089566

Form 1040 Sch A(1).pdf

SCHEDULE A (Form 1040)

Department of the Treasury Internal Revenue Service (99)

Itemized Deductions ▶ Information about Schedule A and its separate instructions is at www.irs.gov/schedulea.

▶ Attach to Form 1040.

OMB No. 1545-0074

2014 Attachment Sequence No. 07

Name(s) shown on Form 1040 Your social security number

Medical and Dental Expenses

Caution. Do not include expenses reimbursed or paid by others. 1 Medical and dental expenses (see instructions) . . . . . 1 2 Enter amount from Form 1040, line 38 2 3 Multiply line 2 by 10% (.10). But if either you or your spouse was

born before January 2, 1950, multiply line 2 by 7.5% (.075) instead 3 4 Subtract line 3 from line 1. If line 3 is more than line 1, enter -0- . . . . . . . . 4

Taxes You Paid

5 State and local (check only one box): a Income taxes, or b General sales taxes } . . . . . . . . . . . 5

6 Real estate taxes (see instructions) . . . . . . . . . 6 7 Personal property taxes . . . . . . . . . . . . . 7 8 Other taxes. List type and amount ▶

8 9 Add lines 5 through 8 . . . . . . . . . . . . . . . . . . . . . . 9

Interest You Paid

Note. Your mortgage interest deduction may be limited (see instructions).

10 Home mortgage interest and points reported to you on Form 1098 10 11

Home mortgage interest not reported to you on Form 1098. If paid to the person from whom you bought the home, see instructions and show that person’s name, identifying no., and address ▶

11 12

Points not reported to you on Form 1098. See instructions for special rules . . . . . . . . . . . . . . . . . 12

13 Mortgage insurance premiums (see instructions) . . . . . 13 14 Investment interest. Attach Form 4952 if required. (See instructions.) 14 15 Add lines 10 through 14 . . . . . . . . . . . . . . . . . . . . . 15

Gifts to Charity If you made a gift and got a benefit for it, see instructions.

Gifts by cash or check. If you made any gift of $250 or more, see instructions . . . . . . . . . . . . . . . . 16

Other than by cash or check. If any gift of $250 or more, see instructions. You must attach Form 8283 if over $500 . . . 17

18 Carryover from prior year . . . . . . . . . . . . 18 19 Add lines 16 through 18 . . . . . . . . . . . . . . . . . . . . . 19

Casualty and Theft Losses 20 Casualty or theft loss(es). Attach Form 4684. (See instructions.) . . . . . . . . 20 Job Expenses and Certain Miscellaneous Deductions

Unreimbursed employee expenses—job travel, union dues, job education, etc. Attach Form 2106 or 2106-EZ if required. (See instructions.) ▶ 21

22 Tax preparation fees . . . . . . . . . . . . . 22 23

Other expenses—investment, safe deposit box, etc. List type and amount ▶

23 24 Add lines 21 through 23 . . . . . . . . . . . . 24 25 Enter amount from Form 1040, line 38 25 26 Multiply line 25 by 2% (.02) . . . . . . . . . . . 26 27 Subtract line 26 from line 24. If line 26 is more than line 24, enter -0- . . . . . . 27

Other Miscellaneous Deductions

28 Other—from list in instructions. List type and amount ▶

28 Total Itemized Deductions

Is Form 1040, line 38, over $152,525?

29 No. Your deduction is not limited. Add the amounts in the far right column for lines 4 through 28. Also, enter this amount on Form 1040, line 40. } . .Yes. Your deduction may be limited. See the Itemized Deductions Worksheet in the instructions to figure the amount to enter.

If you elect to itemize deductions even though they are less than your standard deduction, check here . . . . . . . . . . . . . . . . . . . ▶

For Paperwork Reduction Act Notice, see Form 1040 instructions. Cat. No. 17145C Schedule A (Form 1040) 2014

Version A, Cycle 4

IINTERNAL USE ONLY

DRAFT AS OF

December 11, 2014

2014 Form 1040 (Schedule A)

SE:W:CAR:MP

Itemized Deductions

SCHEDULE A (Form 1040)

Department of the Treasury Internal Revenue Service (99)

Itemized Deductions

▶ Information about Schedule A and its separate instructions is at www.irs.gov/schedulea.

▶ Attach to Form 1040.

OMB No. 1545-0074

2014

2014. Catalog Number 17145C.

Attachment

Sequence No. 07

Attachment Sequence Number 07. For Paperwork Reduction Act Notice, see Form 1040 instructions.

Medical and Dental Expenses

Caution. Do not include expenses reimbursed or paid by others.

Medical and dental expenses (see instructions)

Enter amount from Form 1040, line 38

Multiply line 2 by 10% (.10). But if either you or your spouse was born before January 2, 1950, multiply line 2 by 7.5% (.075) instead

Subtract line 3 from line 1. If line 3 is more than line 1, enter -0-

Taxes YouPaid

State and local (check only one box):

}

Real estate taxes (see instructions)

Personal property taxes

Add lines 5 through 8

InterestYou Paid

Note.Your mortgage interest deduction may be limited (see instructions).

Home mortgage interest and points reported to you on Form 1098

Home mortgage interest not reported to you on Form 1098. If paid to the person from whom you bought the home, see instructions and show that person’s name, identifying no., and address ▶

Points not reported to you on Form 1098. See instructions for special rules

Mortgage insurance premiums (see instructions)

Investment interest. Attach Form 4952 if required. (See instructions.)

Add lines 10 through 14

Gifts toCharity

If you made agift and got abenefit for it,see instructions.

Gifts by cash or check. If you made any gift of $250 or more, see instructions

Other than by cash or check. If any gift of $250 or more, see instructions. You must attach Form 8283 if over $500

Carryover from prior year

Add lines 16 through 18

Casualty and Theft Losses

Casualty or theft loss(es). Attach Form 4684. (See instructions.)

Job Expensesand Certain Miscellaneous Deductions

Unreimbursed employee expenses—job travel, union dues, job education, etc. Attach Form 2106 or 2106-EZ if required. (See instructions.) ▶

Tax preparation fees

Other expenses—investment, safe deposit box, etc. List type and amount ▶

Add lines 21 through 23

Enter amount from Form 1040, line 38

Multiply line 25 by 2% (.02)

Subtract line 26 from line 24. If line 26 is more than line 24, enter -0-

Other Miscellaneous Deductions

Total Itemized Deductions

Is Form 1040, line 38, over $152,525?

No. Your deduction is not limited. Add the amounts in the far right column

for lines 4 through 28. Also, enter this amount on Form 1040, line 40.

}

Yes. Your deduction may be limited. See the Itemized Deductions

Worksheet in the instructions to figure the amount to enter.

If you elect to itemize deductions even though they are less than your standard deduction, check here ▶

For Paperwork Reduction Act Notice, see Form 1040 instructions.

Cat. No. 17145C

Schedule A (Form 1040) 2014

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Form 1040 Sch B.pdf

SCHEDULE B (Form 1040A or 1040)

Department of the Treasury Internal Revenue Service (99)

Interest and Ordinary Dividends ▶ Attach to Form 1040A or 1040.

▶ Information about Schedule B and its instructions is at www.irs.gov/scheduleb.

OMB No. 1545-0074

2014 Attachment Sequence No. 08

Name(s) shown on return Your social security number

Part I

Interest

(See instructions on back and the instructions for Form 1040A, or Form 1040, line 8a.) Note. If you received a Form 1099-INT, Form 1099-OID, or substitute statement from a brokerage firm, list the firm’s name as the payer and enter the total interest shown on that form.

List name of payer. If any interest is from a seller-financed mortgage and the buyer used the property as a personal residence, see instructions on back and list this interest first. Also, show that buyer’s social security number and address ▶

Amount

2 Add the amounts on line 1 . . . . . . . . . . . . . . . . . . 2 3

Excludable interest on series EE and I U.S. savings bonds issued after 1989. Attach Form 8815 . . . . . . . . . . . . . . . . . . . . . 3

Subtract line 3 from line 2. Enter the result here and on Form 1040A, or Form 1040, line 8a . . . . . . . . . . . . . . . . . . . . . . ▶ 4

Note. If line 4 is over $1,500, you must complete Part III. Amount

Part II

Ordinary Dividends (See instructions on back and the instructions for Form 1040A, or Form 1040, line 9a.)

Note. If you received a Form 1099-DIV or substitute statement from a brokerage firm, list the firm’s name as the payer and enter the ordinary dividends shown on that form.

5 List name of payer ▶

Add the amounts on line 5. Enter the total here and on Form 1040A, or Form 1040, line 9a . . . . . . . . . . . . . . . . . . . . . . ▶ 6

Note. If line 6 is over $1,500, you must complete Part III.

Part III Foreign Accounts and Trusts (See instructions on back.)

You must complete this part if you (a) had over $1,500 of taxable interest or ordinary dividends; (b) had a foreign account; or (c) received a distribution from, or were a grantor of, or a transferor to, a foreign trust. Yes No

7a At any time during 2014, did you have a financial interest in or signature authority over a financial account (such as a bank account, securities account, or brokerage account) located in a foreign country? See instructions . . . . . . . . . . . . . . . . . . . . . . . .

If “Yes,” are you required to file FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR), to report that financial interest or signature authority? See FinCEN Form 114 and its instructions for filing requirements and exceptions to those requirements . . . . . .

b If you are required to file FinCEN Form 114, enter the name of the foreign country where the financial account is located ▶

8 During 2014, did you receive a distribution from, or were you the grantor of, or transferor to, a foreign trust? If “Yes,” you may have to file Form 3520. See instructions on back . . . . . .

For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 17146N Schedule B (Form 1040A or 1040) 2014

Schedule B (Form 1040A or 1040) 2014 Page 2

General Instructions Section references are to the Internal Revenue Code unless otherwise noted.

Future Developments For the latest information about developments related to Schedule B (Form 1040A or 1040) and its instructions, such as legislation enacted after they were published, go to www.irs.gov/scheduleb.

Purpose of Form Use Schedule B if any of the following applies.

• You had over $1,500 of taxable interest or ordinary dividends.

• You received interest from a seller-financed mortgage and the buyer used the property as a personal residence.

• You have accrued interest from a bond.

• You are reporting original issue discount (OID) in an amount less than the amount shown on Form 1099-OID.

• You are reducing your interest income on a bond by the amount of amortizable bond premium.

• You are claiming the exclusion of interest from series EE or I U.S. savings bonds issued after 1989.

• You received interest or ordinary dividends as a nominee.

• You had a financial interest in, or signature authority over, a financial account in a foreign country or you received a distribution from, or were a grantor of, or transferor to, a foreign trust. Part III of the schedule has questions about foreign accounts and trusts.

Specific Instructions

TIP You can list more than one payer on each entry space for lines 1 and 5, but be sure to clearly show the amount paid next to the payer's name. Add the separate amounts paid by the payers

listed on an entry space and enter the total in the “Amount” column. If you still need more space, attach separate statements that are the same size as the printed schedule. Use the same format as lines 1 and 5, but show your totals on Schedule B. Be sure to put your name and social security number (SSN) on the statements and attach them at the end of your return.

Part I. Interest Line 1. Report on line 1 all of your taxable interest. Taxable interest should be shown on your Forms 1099-INT, Forms 1099-OID, or substitute statements. Include interest from series EE, H, HH, and I U.S. savings bonds. List each payer’s name and show the amount. Do not report on this line any tax-exempt interest from box 8 or box 9 of Form 1099-INT. Instead, report the amount from box 8 on line 8b of Form 1040A or 1040. If an amount is shown in box 9 of Form 1099-INT, you generally must report it on line 12 of Form 6251. See the Instructions for Form 6251 for more details.

Seller-financed mortgages. If you sold your home or other property and the buyer used the property as a personal residence, list first any interest the buyer paid you on a mortgage or other form of seller financing. Be sure to show the buyer’s name, address, and SSN. You must also let the buyer know your SSN. If you do not show the buyer’s name, address, and SSN, or let the buyer know your SSN, you may have to pay a $50 penalty.

Nominees. If you received a Form 1099-INT that includes interest you received as a nominee (that is, in your name, but the interest actually belongs to someone else), report the total on line 1. Do this even if you later distributed some or all of this income to others. Under your last entry on line 1, put a subtotal of all interest listed on line 1. Below this subtotal, enter "Nominee Distribution" and show the total interest you received as a nominee. Subtract this amount from the subtotal and enter the result on line 2.

TIP If you received interest as a nominee, you must give the actual owner a Form 1099-INT unless the owner is your spouse. You must also file a Form 1096 and a Form 1099-INT with the IRS. For

more details, see the General Instructions for Certain Information Returns and the Instructions for Forms 1099-INT and 1099-OID.

Accrued interest. When you buy bonds between interest payment dates and pay accrued interest to the seller, this interest is taxable to the seller. If you received a Form 1099 for interest as a purchaser of a bond with accrued interest, follow the rules earlier under Nominees to see how to report the accrued interest. But identify the amount to be subtracted as “Accrued Interest.”

Original issue discount (OID). If you are reporting OID in an amount less than the amount shown on Form 1099-OID, follow the rules earlier under Nominees to see how to report the OID. But identify the amount to be subtracted as “OID Adjustment.”

Amortizable bond premium. If you are reducing your interest income on a bond by the amount of amortizable bond premium, follow the rules earlier under Nominees to see how to report the interest. But identify the amount to be subtracted as “ABP Adjustment.”

Line 3. If, during 2014, you cashed series EE or I U.S. savings bonds issued after 1989 and you paid qualified higher education expenses for yourself, your spouse, or your dependents, you may be able to exclude part or all of the interest on those bonds. See Form 8815 for details.

Part II. Ordinary Dividends

TIP You may have to file Form 5471 if, in 2014, you were an officer or director of a foreign corporation. You may also have to file Form 5471 if, in 2014, you owned 10% or more of the total

(a) value of a foreign corporation’s stock, or (b) combined voting power of all classes of a foreign corporation’s stock with voting rights. For details, see Form 5471 and its instructions.

Line 5. Report on line 5 all of your ordinary dividends. This amount should be shown in box 1a of your Forms 1099-DIV or substitute statements. List each payer’s name and show the amount.

Nominees. If you received a Form 1099-DIV that includes ordinary dividends you received as a nominee (that is, in your name, but the ordinary dividends actually belong to someone else), report the total on line 5. Do this even if you later distributed some or all of this income to others. Under your last entry on line 5, put a subtotal of all ordinary dividends listed on line 5. Below this subtotal, enter “Nominee Distribution” and show the total ordinary dividends you received as a nominee. Subtract this amount from the subtotal and enter the result on line 6.

TIP If you received dividends as a nominee, you must give the actual owner a Form 1099-DIV unless the owner is your spouse. You must also file a Form 1096 and a Form 1099-DIV with the IRS. For more

details, see the General Instructions for Certain Information Returns and the Instructions for Form 1099-DIV.

Part III. Foreign Accounts and Trusts

TIP Regardless of whether you are required to file FinCEN Form 114 (FBAR), you may be required to file Form 8938, Statement of Specified Foreign Financial Assets, with your income tax

return. Failure to file Form 8938 may result in penalties and extension of the statute of limitations. See www.irs.gov/form8938 for more information.

Line 7a–Question 1. Check the “Yes” box if at any time during 2014 you had a financial interest in or signature authority over a financial account located in a foreign country. See the definitions that follow. Check the “Yes” box even if you are not required to file FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).

Financial account. A financial account includes, but is not limited to, a securities, brokerage, savings, demand, checking, deposit, time deposit, or other account maintained with a financial institution (or other person performing the services of a financial institution). A financial account also includes a commodity futures or options account, an insurance policy with a cash value (such as a whole life insurance policy), an annuity policy with a cash value, and shares in a mutual fund or similar pooled fund (that is, a fund that is available to the general public with a regular net asset value determination and regular redemptions).

Financial account located in a foreign country. A financial account is located in a foreign country if the account is physically located outside of the United States. For example, an account maintained with a branch of a United States bank that is physically located outside of the United States is a foreign financial account. An account maintained with a branch of a foreign bank that is physically located in the United States is not a foreign financial account.

Signature authority. Signature authority is the authority of an individual (alone or in conjunction with another individual) to control the disposition of assets held in a foreign financial account by direct communication (whether in writing or otherwise) to the bank or other financial institution that maintains the financial account. See the FinCEN Form 114 instructions for exceptions. Do not consider the exceptions relating to signature authority in answering Question 1 on line 7a.

Other definitions. For definitions of “financial interest,” “United States,” and other relevant terms, see the instructions for FinCEN Form 114.

Line 7a–Question 2. See FinCEN Form 114 and its instructions to determine whether you must file the form. Check the “Yes” box if you are required to file the form; check the “No” box if you are not required to file the form.

If you checked the “Yes” box to Question 2 on line 7a, FinCEN Form 114 must be electronically filed with the Financial Crimes Enforcement Network (FinCEN) at the following website: http://bsaefiling. fincen.treas.gov/main.html. Do not attach FinCEN Form 114 to your tax return. To be considered timely, FinCEN Form 114 must be received by June 30, 2015.

▲! CAUTION

If you are required to file FinCEN Form 114 but do not properly do so, you may have to pay a civil penalty up to $10,000. A person who willfully fails to report an account or provide account

identifying information may be subject to a civil penalty equal to the greater of $100,000 or 50 percent of the balance in the account at the time of the violation. Willful violations may also be subject to criminal penalties.

Line 7b. If you are required to file FinCEN Form 114, enter the name of the foreign country or countries in the space provided on line 7b. Attach a separate statement if you need more space.

Line 8. If you received a distribution from a foreign trust, you must provide additional information. For this purpose, a loan of cash or marketable securities generally is considered to be a distribution. See Form 3520 for details.

If you were the grantor of, or transferor to, a foreign trust that existed during 2014, you may have to file Form 3520.

Do not attach Form 3520 to Form 1040. Instead, file it at the address shown in its instructions.

If you were treated as the owner of a foreign trust under the grantor trust rules, you are also responsible for ensuring that the foreign trust files Form 3520-A. Form 3520-A is due on March 16, 2015, for a calendar year trust. See the instructions for Form 3520-A for more details.

Version A, Cycle 4

INTERNAL USE ONLY DRAFT AS OF June 16, 2014

SCHEDULE B

(Form 1040A or 1040)

SCHEDULE B (Form 1040A or 1040).

Department of the Treasury Internal Revenue Service (99)

Department of the Treasury Internal Revenue Service (99).

Interest and Ordinary Dividends

Interest and Ordinary Dividends.

▶ Attach to Form 1040A or 1040.

▶ Information about Schedule B and its instructions is at www.irs.gov/scheduleb.

Attach to Form 1040A or 1040. Information about Schedule B and its instructions is at ww.irs.gov/scheduleb.

OMB No. 1545-0074

2014

2014. Catalog Number 17146N.

Attachment

Sequence No. 08

Attachment Sequence Number 08. For Paperwork Reduction Act Notice, see your tax return instructions.

Part I

Interest

(See instructions on back and the instructions for Form 1040A, or Form 1040,

line 8a.)

Note. If you received a Form 1099-INT, Form 1099-OID, or substitute statement froma brokerage firm, list the firm’s name as thepayer and enter the total interest shown on that form.

Amount

Add the amounts on line 1

Excludable interest on series EE and I U.S. savings bonds issued after 1989. Attach Form 8815

Subtract line 3 from line 2. Enter the result here and on Form 1040A, or Form 1040, line 8a ▶

Note. If line 4 is over $1,500, you must complete Part III.

Amount

Part II

Ordinary Dividends

(See instructions on back and theinstructions for Form 1040A, orForm 1040,

line 9a.)

Note. If youreceived a Form1099-DIV orsubstitutestatement froma brokerage firm,list the firm’sname as thepayer and enterthe ordinarydividends shownon that form.

Add the amounts on line 5. Enter the total here and on Form 1040A, or Form 1040, line 9a ▶

Note. If line 6 is over $1,500, you must complete Part III.

Part III Foreign Accounts and Trusts (Seeinstructions on back.)

Yes

At any time during 2014, did you have a financial interest in or signature authority over a financial account (such as a bank account, securities account, or brokerage account) located in a foreign country? See instructions

If you are required to file FinCEN Form 114, enter the name of the foreign country where the financial account is located ▶

During 2014, did you receive a distribution from, or were you the grantor of, or transferor to, a foreign trust? If “Yes,” you may have to file Form 3520. See instructions on back

For Paperwork Reduction Act Notice, see your tax return instructions.

Cat. No. 17146N

Schedule B (Form 1040A or 1040) 2014

Page 2

General Instructions

Section references are to the Internal Revenue Code unless otherwise noted.

Future Developments

For the latest information about developments related to Schedule B (Form 1040A or 1040) and its instructions, such as legislation enacted after they were published, go to www.irs.gov/scheduleb.

Purpose of Form

Use Schedule B if any of the following applies.

• You had over $1,500 of taxable interest or ordinary dividends.

• You received interest from a seller-financed mortgage and the buyer used the property as a personal residence.

• You have accrued interest from a bond.

• You are reporting original issue discount (OID) in an amount less than the amount shown on Form 1099-OID.

• You are reducing your interest income on a bond by the amount of amortizable bond premium.

• You are claiming the exclusion of interest from series EE or I U.S. savings bonds issued after 1989.

• You received interest or ordinary dividends as a nominee.

Specific Instructions

TIP

You can list more than one payer on each entry space for lines 1 and 5, but be sure to clearly show the amount paid next to the payer's name. Add the separate amounts paid by the payers

Part I. Interest

Line 1. Report on line 1 all of your taxable interest. Taxable interest should be shown on your Forms 1099-INT, Forms 1099-OID, or substitute statements. Include interest from series EE, H, HH, and I U.S. savings bonds. List each payer’s name and show the amount. Do not report on this line any tax-exempt interest from box 8 or box 9 of Form 1099-INT. Instead, report the amount from box 8 on line 8b of Form 1040A or 1040. If an amount is shown in box 9 of Form 1099-INT, you generally must report it on line 12 of Form 6251. See the Instructions for Form 6251 for more details.

TIP

If you received interest as a nominee, you must give the actual owner a Form 1099-INT unless the owner is your spouse. You must also file a Form 1096 and a Form 1099-INT with the IRS. For

more details, see the General Instructions for Certain Information Returns and the Instructions for Forms 1099-INT and 1099-OID.

Part II. Ordinary Dividends

TIP

You may have to file Form 5471 if, in 2014, you were an officer or director of a foreign corporation. You may also have to file Form 5471 if, in 2014, you owned 10% or more of the total

(a) value of a foreign corporation’s stock, or (b) combined voting power of all classes of a foreign corporation’s stock with voting rights. For details, see Form 5471 and its instructions.

Line 5. Report on line 5 all of your ordinary dividends. This amount should be shown in box 1a of your Forms 1099-DIV or substitute statements. List each payer’s name and show the amount.

TIP

If you received dividends as a nominee, you must give the actual owner a Form 1099-DIV unless the owner is your spouse. You must also file a Form 1096 and a Form 1099-DIV with the IRS. For more

details, see the General Instructions for Certain Information Returns and the Instructions for Form 1099-DIV.

Part III. Foreign Accounts and Trusts

TIP

Regardless of whether you are required to file FinCEN Form 114 (FBAR), you may be required to file Form 8938, Statement of Specified Foreign Financial Assets, with your income tax

return. Failure to file Form 8938 may result in penalties and extension of the statute of limitations. See www.irs.gov/form8938 for more information.

Other definitions. For definitions of “financial interest,” “United States,” and other relevant terms, see the instructions for FinCEN Form 114.

If you checked the “Yes” box to Question 2 on line 7a, FinCEN Form 114 must be electronically filed with the Financial Crimes Enforcement Network (FinCEN) at the following website: http://bsaefiling.fincen.treas.gov/main.html. Do not attach FinCEN Form 114 to your tax return. To be considered timely, FinCEN Form 114 must be received by June 30, 2015.

▲

CAUTION

If you are required to file FinCEN Form 114 but do not properly do so, you may have to pay a civil penalty up to $10,000. A person who willfully fails to report an account or provide account

Line 7b. If you are required to file FinCEN Form 114, enter the name of the foreign country or countries in the space provided on line 7b. Attach a separate statement if you need more space.

If you were the grantor of, or transferor to, a foreign trust that existed during 2014, you may have to file Form 3520.

Do not attach Form 3520 to Form 1040. Instead, file it at the address shown in its instructions.

8.2.1.3144.1.471865.466429

Interest and Ordinary Dividends

SE:W:CAR:MP

2014 Form 1040A or 1040 (Schedule B)

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Form 1040 Sch C(1).pdf

SCHEDULE C (Form 1040) 2014

Profit or Loss From Business (Sole Proprietorship)

Department of the Treasury Internal Revenue Service (99)

▶ Information about Schedule C and its separate instructions is at www.irs.gov/schedulec. ▶ Attach to Form 1040, 1040NR, or 1041; partnerships generally must file Form 1065.

OMB No. 1545-0074

Attachment Sequence No. 09

Name of proprietor Social security number (SSN)

A Principal business or profession, including product or service (see instructions) B Enter code from instructions ▶

C Business name. If no separate business name, leave blank. D Employer ID number (EIN), (see instr.)

E Business address (including suite or room no.) ▶

City, town or post office, state, and ZIP code

F Accounting method: (1) Cash (2) Accrual (3) Other (specify) ▶

G Did you “materially participate” in the operation of this business during 2014? If “No,” see instructions for limit on losses . Yes No

H If you started or acquired this business during 2014, check here . . . . . . . . . . . . . . . . . ▶

I Did you make any payments in 2014 that would require you to file Form(s) 1099? (see instructions) . . . . . . . . Yes No

J If "Yes," did you or will you file required Forms 1099? . . . . . . . . . . . . . . . . . . . . . Yes No

Part I Income 1 Gross receipts or sales. See instructions for line 1 and check the box if this income was reported to you on

Form W-2 and the “Statutory employee” box on that form was checked . . . . . . . . . ▶ 1

2 Returns and allowances . . . . . . . . . . . . . . . . . . . . . . . . . 2

3 Subtract line 2 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . 3

4 Cost of goods sold (from line 42) . . . . . . . . . . . . . . . . . . . . . . 4

5 Gross profit. Subtract line 4 from line 3 . . . . . . . . . . . . . . . . . . . . 5

6 Other income, including federal and state gasoline or fuel tax credit or refund (see instructions) . . . . 6

7 Gross income. Add lines 5 and 6 . . . . . . . . . . . . . . . . . . . . . ▶ 7 Part II Expenses. Enter expenses for business use of your home only on line 30.

8 Advertising . . . . . 8

Car and truck expenses (see instructions) . . . . . 9

10 Commissions and fees . 10

11 Contract labor (see instructions) 11

12 Depletion . . . . . 12 13

Depreciation and section 179 expense deduction (not included in Part III) (see instructions) . . . . . 13

Employee benefit programs (other than on line 19) . . 14

15 Insurance (other than health) 15

16 Interest:

a Mortgage (paid to banks, etc.) 16a

b Other . . . . . . 16b 17 Legal and professional services 17

18 Office expense (see instructions) 18

19 Pension and profit-sharing plans . 19

20 Rent or lease (see instructions):

a Vehicles, machinery, and equipment 20a

b Other business property . . . 20b

21 Repairs and maintenance . . . 21

22 Supplies (not included in Part III) . 22

23 Taxes and licenses . . . . . 23

24 Travel, meals, and entertainment:

a Travel . . . . . . . . . 24a

Deductible meals and entertainment (see instructions) . 24b

25 Utilities . . . . . . . . 25

26 Wages (less employment credits) . 26

27 a Other expenses (from line 48) . . 27a

b Reserved for future use . . . 27b

28 Total expenses before expenses for business use of home. Add lines 8 through 27a . . . . . . ▶ 28

29 Tentative profit or (loss). Subtract line 28 from line 7 . . . . . . . . . . . . . . . . . 29

30 Expenses for business use of your home. Do not report these expenses elsewhere. Attach Form 8829 unless using the simplified method (see instructions). Simplified method filers only: enter the total square footage of: (a) your home:

and (b) the part of your home used for business: . Use the Simplified

Method Worksheet in the instructions to figure the amount to enter on line 30 . . . . . . . . . 30

31 Net profit or (loss). Subtract line 30 from line 29.

• If a profit, enter on both Form 1040, line 12 (or Form 1040NR, line 13) and on Schedule SE, line 2. (If you checked the box on line 1, see instructions). Estates and trusts, enter on Form 1041, line 3.

• If a loss, you must go to line 32. } 31

32 If you have a loss, check the box that describes your investment in this activity (see instructions).

• If you checked 32a, enter the loss on both Form 1040, line 12, (or Form 1040NR, line 13) and on Schedule SE, line 2. (If you checked the box on line 1, see the line 31 instructions). Estates and trusts, enter on Form 1041, line 3. • If you checked 32b, you must attach Form 6198. Your loss may be limited.

} 32a All investment is at risk. 32b Some investment is not at risk.

For Paperwork Reduction Act Notice, see the separate instructions. Cat. No. 11334P Schedule C (Form 1040) 2014

Schedule C (Form 1040) 2014 Page 2 Part III Cost of Goods Sold (see instructions)

Method(s) used to value closing inventory: a Cost b Lower of cost or market c Other (attach explanation)

Was there any change in determining quantities, costs, or valuations between opening and closing inventory? If “Yes,” attach explanation . . . . . . . . . . . . . . . . . . . . . . . . . . Yes No

35 Inventory at beginning of year. If different from last year’s closing inventory, attach explanation . . . 35

36 Purchases less cost of items withdrawn for personal use . . . . . . . . . . . . . . 36

37 Cost of labor. Do not include any amounts paid to yourself . . . . . . . . . . . . . . 37

38 Materials and supplies . . . . . . . . . . . . . . . . . . . . . . . . 38

39 Other costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39

40 Add lines 35 through 39 . . . . . . . . . . . . . . . . . . . . . . . . 40

41 Inventory at end of year . . . . . . . . . . . . . . . . . . . . . . . . 41

42 Cost of goods sold. Subtract line 41 from line 40. Enter the result here and on line 4 . . . . . . 42 Part IV Information on Your Vehicle. Complete this part only if you are claiming car or truck expenses on line 9

and are not required to file Form 4562 for this business. See the instructions for line 13 to find out if you must file Form 4562.

43 When did you place your vehicle in service for business purposes? (month, day, year) ▶ / /

44 Of the total number of miles you drove your vehicle during 2014, enter the number of miles you used your vehicle for:

a Business b Commuting (see instructions) c Other

45 Was your vehicle available for personal use during off-duty hours? . . . . . . . . . . . . . . . Yes No

46 Do you (or your spouse) have another vehicle available for personal use?. . . . . . . . . . . . . . Yes No

47a Do you have evidence to support your deduction? . . . . . . . . . . . . . . . . . . . . Yes No

b If “Yes,” is the evidence written? . . . . . . . . . . . . . . . . . . . . . . . . . Yes No

Part V Other Expenses. List below business expenses not included on lines 8–26 or line 30.

48 Total other expenses. Enter here and on line 27a . . . . . . . . . . . . . . . . 48

Schedule C (Form 1040) 2014

Version A, Cycle 3

Internal Use Only

DRAFT AS OF

May 15, 2014

2014 Form 1040 (Schedule C)

SE:W:CAR:MP

Profit or Loss From Business

SCHEDULE C (Form 1040)

2014

2014. Catalog Number 11334P.

Profit or Loss From Business

(Sole Proprietorship)

Department of the Treasury Internal Revenue Service (99)

▶ Information about Schedule C and its separate instructions is at www.irs.gov/schedulec.

▶ Attach to Form 1040, 1040NR, or 1041; partnerships generally must file Form 1065.

OMB No. 1545-0074

Attachment

Sequence No. 09

Attachment Sequence Number 09. For Paperwork Reduction Act Notice, see the separate instructions.

B Enter code from instructions

Accounting method:

(1)

(2)

(3)

Did you “materially participate” in the operation of this business during 2014? If “No,” see instructions for limit on losses

If you started or acquired this business during 2014, check here ▶

Did you make any payments in 2014 that would require you to file Form(s) 1099? (see instructions)

If "Yes," did you or will you file required Forms 1099?

Part I

Income

Gross receipts or sales. See instructions for line 1 and check the box if this income was reported to you on Form W-2 and the “Statutory employee” box on that form was checked ▶

Returns and allowances

Subtract line 2 from line 1

Cost of goods sold (from line 42)

Gross profit. Subtract line 4 from line 3

Other income, including federal and state gasoline or fuel tax credit or refund (see instructions)

Gross income. Add lines 5 and 6 ▶

Part II

Expenses. Enter expenses for business use of your home only on line 30.

Advertising

Car and truck expenses (see instructions)

Commissions and fees

Contract labor (see instructions)

Depletion

Depreciation and section 179 expense deduction (not included in Part III) (see instructions)

Employee benefit programs (other than on line 19)

Insurance (other than health)

Interest:

Mortgage (paid to banks, etc.)

16a

Other

16b

Legal and professional services

Office expense (see instructions)

Pension and profit-sharing plans

Rent or lease (see instructions):

Vehicles, machinery, and equipment

20a

Other business property

20b

Repairs and maintenance

Supplies (not included in Part III)

Taxes and licenses

Travel, meals, and entertainment:

Travel

24a

Deductible meals and

entertainment (see instructions)

24b

Utilities

Wages (less employment credits)

Other expenses (from line 48)

27a

Reserved for future use

27b

Total expenses before expenses for business use of home. Add lines 8 through 27a ▶

Tentative profit or (loss). Subtract line 28 from line 7

Expenses for business use of your home. Do not report these expenses elsewhere. Attach Form 8829 unless using the simplified method (see instructions).

. Use the Simplified

Method Worksheet in the instructions to figure the amount to enter on line 30

Net profit or (loss). Subtract line 30 from line 29.

• If a loss, you must go to line 32.

}

If you have a loss, check the box that describes your investment in this activity (see instructions).

• If you checked 32b, you must attach Form 6198. Your loss may be limited.

}

32a

32b

For Paperwork Reduction Act Notice, see the separate instructions.

Cat. No. 11334P

Schedule C (Form 1040) 2014

Page 2

Part III

Cost of Goods Sold (see instructions)

Method(s) used to

value closing inventory:

Was there any change in determining quantities, costs, or valuations between opening and closing inventory?

If “Yes,” attach explanation

Inventory at beginning of year. If different from last year’s closing inventory, attach explanation

Purchases less cost of items withdrawn for personal use

Cost of labor. Do not include any amounts paid to yourself

Materials and supplies

Other costs

Add lines 35 through 39

Inventory at end of year

Cost of goods sold. Subtract line 41 from line 40. Enter the result here and on line 4

Part IV

Information on Your Vehicle. Complete this part only if you are claiming car or truck expenses on line 9 and are not required to file Form 4562 for this business. See the instructions for line 13 to find out if you must file Form 4562.

When did you place your vehicle in service for business purposes? (month, day, year)

Of the total number of miles you drove your vehicle during 2014, enter the number of miles you used your vehicle for:

Was your vehicle available for personal use during off-duty hours?

Do you (or your spouse) have another vehicle available for personal use?

Do you have evidence to support your deduction?

If “Yes,” is the evidence written?

Part V

Other Expenses. List below business expenses not included on lines 8–26 or line 30.

Total other expenses. Enter here and on line 27a

Schedule C (Form 1040) 2014

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