Subtract column e from column d and combine the

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Subtract column (e) from column (d) and combine the result with column (g) Note. If you checked Box D above but the basis reported to the IRS was incorrect, enter in column (e) the basis as reported to the IRS, and enter an adjustment in column (g) to correct the basis. See Column (g) in the separate instructions for how to figure the amount of the adjustment. Before you check Box D, E, or F below, see whether you received any Form(s) 1099-B or substitute statement(s) from your broker. A substitute statement will have the same information as Form 1099-B. Either may show your basis (usually your cost) even if your broker did not report it to the IRS. Brokers must report basis to the IRS for most stock you bought in 2011 or later (and for certain debt instruments you bought in 2014 or later). Note. You may aggregate all long-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS and for which no adjustments or codes are required. Enter the total directly on Schedule D, line 8a; you are not required to report these transactions on Form 8949 (see instructions). YELLOW, INC Condominium Devon Bishop 111-11-1111 X 09/01/11 WORTHLESS WORTHLESS 52,500 0 -52,500 12/01/02 12/01/13 451,500 180,000 O -250,000 21,500 0 0 0 0 0 0 0 0 0 0 0 0 451,500 232,500 -250,000 -31,000
3 Combine lines 1a, 1b, and 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Net profit or (loss) from Schedule C, line 31; Schedule C-EZ, line 3; Schedule K-1 (Form 1065), box 14, code A (other than farming); and Schedule K-1 (Form 1065-B), box 9, code J1. Ministers and members of religious orders, see instructions for types of income to report on this line. See instructions for other income to report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Deduction for one-half of self-employment tax. SCHEDULE SE (Form 1040) Information about Schedule SE and its separate instructions is at . Department of the Treasury Internal Revenue Service (99) Social security number of person with self-employment income OMB No. 1545-0074 Attachment Sequence No. 17 20 14 Before you begin: To determine if you must file Schedule SE, see the instructions. May I Use Short Schedule SE or Must I Use Long Schedule SE? Did you receive wages or tips in 2014? Yes No No No Yes Yes Yes No Yes Was the total of your wages and tips subject to social security or railroad retirement (tier 1) tax plus your net earnings from self-employment more than $117,000? Did you receive tips subject to social security or Medicare tax that you did not report to your employer? Section A—Short Schedule SE. Caution. Read above to see if you can use Short Schedule SE. 1a 2 3 4 5 Schedule SE (Form 1040) 2014 6 KIA For Paperwork Reduction Act Notice, see your tax return instructions. Name of person with self-employment income (as shown on Form 1040 or Form 1040NR) You may use Short Schedule SE below You must use Long Schedule SE on page 2 No Are you a minister, member of a religious order, or Christian Science practitioner who received IRS approval not to be taxed on earnings from these sources, but you owe self-employment tax on other earnings?

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