Student loan interest deduction Taxable qualified retirement plan distributions Examples of situations not included in a simple Form 1040 return: Itemized deductions claimed on Schedule A, like charitable contributions, medical expenses, mortgage interest and state and local tax deductions ...
Income from rental property or property sales Credits, deductions and income reported on other forms or schedules TURBOTAX ONLINE GUARANTEES 100% Accurate Calculations Guarantee:If you pay an IRS or state penalty or interest because of a TurboTax calculation error, we'll pay you the penalty...
Mortgage interest is only deductible if you use your property to generate rental, professional or business income. However, this type of deduction is complex. For rental income, the process varies based on factors such as whether you rent out the whole home or just a portion, and whether yo...
A domestic partnership is an unmarried couple who live together and have an interest in receiving many of the same benefits a married couple receives, such as health insurance, Social Security, pension, and tax benefits. The IRS doesn't consider people of the same sex and opposite sex who ar...
If all your foreign-taxed income was 1099-reported passive income, such asinterestanddividends,you don't need to file Form 1116, provided that any dividends came from stock you owned for at least 16 days. Single filers who paid $300 or less in foreign taxes, and married joint fil...
Student loan interest deduction Taxable qualified retirement plan distributions Examples of situations not included in a simple Form 1040 return: Itemized deductions claimed on Schedule A, like charitable contributions, medical expenses, mortgage interest and state and local tax deductions Unemployment in...