Guide to Entering 1040 Tax Data

Type of Income

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W-2

W-2

W-2G (Gambling)

W-2G

W-2GU (Guam W-2)

W-2GU

Income from Foreign Employer with no EIN and not reported on W2

FEC (Foreign Employer Compensation)

K-1

K-1 P/S (Partnership/S Corp) or K-1 E/T (Estates and Trusts)

1099-R

Form 1099-R

CSA 1099-R

Form 1099-R

RRB 1099-R

Form 1099-R

Substitute 1099-R (Form 4852)

F9 on Payer's ID entry of new, blank 1099-R

Unemployment compensation, Repayment, Withholding

1099-G

Tips not on W-2

Form 4137

Scholarship not on W-2

1040 Wkt 1

Household Employee income not on W-2

1040 Wkt 1

1099-B Stocks, bonds, (box 2)

Schedule D or Capital Gain/Loss Worksheet (F9 on Schedule D to open)

1099-DIV Dividends

Schedule B or Dividend Statement (F9 in Dividend section on Schedule B to open statement)

1099-INT Interest Income

Schedule B or Interest Statement (F9 on Schedule B to open statement)

1099-OID

Schedule B: Interest Statement

1099-SSA

1040 Wkt 1

Rents from Form 1099-Misc

F9 on Schedule E, line 3

Royalties from Form 1099-Misc

F9 on Schedule E, line 4

Prizes from Form 1099-Misc

F9 on Form 1040, line 21

Fishing Boat Proceeds from Form 1099-Misc

F9 on Sch. C or CEZ, line 1

Medical Payments from Form 1099-Misc

F9 on Sch. C or CEZ, line 1

Non-employee Compensation (If self-employed) from Form 1099-Misc

F9 on Sch. C or CEZ, line 1

Non-employee Compensation (If hobby) from Form 1099-Misc

F9 on Form 1040, line 21 to 1040 Wkt 7 then F9 from line 2

Substitute Payments from Form 1099-Misc

F9 on Form 1040, line 21 to 1040 Wkt 7 then F9 from line 2

Crop Insurance

F9 on Sch. F, line 8a

1099-MSA

Form 8853

Taxable State Refund

F9 on 1040, line 10 for worksheet

Social Security/RR Tier 1

1040 Wkt 1; carries to 1040 line 20a

Lump Sum SS/RRT

1040 Wkt 1; F9 for prior year worksheet

Sale of Home

Sch D Wkt 2 (bottom)

 

Adjustments to Income

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Educator Expenses

1040 Wkt 2

IRA Contributions

IRA Worksheet

Student Loan Interest Paid

1040 Wkt 2

Tuition & Fees as AGI Deduction

1040 Wkt 2

Health Savings Acct Contribution/ Distribution

Form 8889

Moving Expense

Form 3903

Self-Emp Tax

Calculated by TaxWise on Sch. SE

Self-Emp Health Ins.

F9 on Form 1040, line 28 for worksheet

SE SEP, SIMPLE and Qualified Plans

F9 on Form 1040, line 32 for wkt

Penalty on Early Withdrawal of Savings

Sch B: Interest Statement

Alimony Paid

Form 1040, line 31; F9 for wkt

MSA Contributions

Form 8853

 

Deductions

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Medical Expenses/Miles

Schedule A Detail

Charitable Contrib./Miles

Schedule A Detail

Noncash Contrib. over $500

Form 8283

State and Local Income Taxes

Carry from W-2, W-2G, 1099G, 1099R, F/S Tax Pd to Sch A

State Sales Tax

Schedule A

Casualty & Theft Losses:

Personal

Business

 

Form 4684, page 1

Form 4684, page 2

1098 Mortgage Interest:

Schedule A

For home used in business

Form 8829. Remainder carries to Sch A

For home used in business by employee

F9 on Form 2106, line 4 for worksheet

For home used for part rental/part personal

F9 on Sch. E for worksheet

1098 Points (box 2)

Schedule A; if amortizing, link (F9) on Sch A line 12 to Depreciation Worksheet

Employee Business Expenses

Form 2106 and/or Schedule A

Depreciation, Amortization, and Business Asset Sales

Link from form to which depreciation applies (Sch. C, F, E, etc.) to Form 4562, then link to Depreciation Worksheet

Schedule C Business Use of Home

F9 on Sch C, line 30, to Form 8829

Business Use of Home by Employee

F9 on Form 2106, line 4 for wkt

Excluded income from Puerto Rico

Main Info

Excluded income for Residents of American Samoa

Form 4563

 

Credits

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Foreign Tax Credit

Form 1116

Child and Dependent Care Credit

Form 2441

Elderly or Disabled Credit

TaxWise calculates on Schedule R

Education Credits (Hope, Lifetime Learning)

Form 8863

Retirement Savings Contribution Credit

Form 8880

Child Tax Credit

TaxWise calculates on 1040 Wkt 3

Adoption Credit

Form 8839

 

Payments

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Fed/State Estimated Tax Payments

F/S Tax Paid

Earned Income Credit

Calculated by TaxWise on EIC Worksheet

Withholding

Carries from W-2, W-2G, 1099-R, F/S Tax Paid

Additional Child Tax Credit

Calculated by TaxWise on Form 8812

Amount Paid w/4868 or 2350

1040 Wkt 3