Janice Morgan 2012 Tax Return_T12_For_Records

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Unformatted text preview: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Check here if the business under which the insurance plan was established was an S corp., and you were a more-than-2% shareholder in the S corp . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net profit and any other earned income from the business under which the insurance plan -6,700 is established, less 1040 lines 27 and 28 . . . . . . . . . . . . . Note: We calculate line e. for you in most cases. But note these special rules: If you have more than one source of selfemployment income, or if you are filing Form 2555 or Form 2555-EZ, use the worksheet in IRS Publication 535 to figure your entry for line e. If you checked box d., enter your Medicare wages (box 5 of Form W-2) from the S corp. on line e. You may need to make additional adjustments on line e. if, in addition to the S corp, you have another health plan and source of self-employment. See the IRS instructions and override as necessary if you have Conservation Reserve Program payments that are exempt from self-employment tax. 0 Smaller line c. or e. (for line 29) . . . . . . . . . . . . . . . . . . . . . Extra premiums included on line c. that were for nondependent children under age 27 for whom a medical expense deduction can't be claimed . . . . . . . . . . Note: You might need to adjust our calculations on line 1 of Schedule A if you had more than one source of income that could support the self-employed health insurance deduction and you paid additional premiums to cover a nondependent child. Self-employed health ins deduction . . . . . . . . 29 Penalty on early w/drawal of svgs . . . . . . . . . . 30 0 0 Not For Filing 31a Alimony pd . . bRecip SSN 31a MINI-WORKSHEET FOR LINE 32, IRA DEDUCTION a. Your IRA deduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Your spouse's IRA deduction . . . . . . . . . . . . . . . . . . . . . . . c. Total (to line 32) . . . . . . . . . . . . . . . . ....
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