Please enable JavaScript.
Coggle requires JavaScript to display documents.
1040 TAX FORM - Coggle Diagram
1040 TAX FORM
Schedule B and D: Interest and Ordinary Dividends
Includes foreign accounts:
Livret A
If
Livret A
report below $10,000 in interest than no need to report separately
Anything the person has gotten interests from during the year
Inputting
1099 DIV:
Ordinary dividend : put Gross amount
Rule: Children bank accounts
If it does not meet a certain threshold, we do not report it in sch B
form 8814
1099
: report various types of income other than wages, salaries, and tips
1099R to include ( form to fill like W2)
form 8858
Use 5471 Excel template then find the form 8858
1040NR
just W2 to input
RULES
:
Married Filing separately
Be careful not to put in the spouse info ( income, etc)
non residents are obliged to file separately
Sch 1116
: Reporting foreign tax credits
Schedule A:
report various expenses that you may be eligible to deduct from your taxable income.