Foreign-Source Income
You must report unearned income, such as interest, dividends, and pensions,
from sources outside the United States unless exempt by law or a tax treaty.
You must also report earned income, such as wages and tips, from sources outside
the United States.
If you worked abroad, you may be able to exclude part or all of your earned
income. For details, see Pub. 54 and Form
2555 or 2555-EZ.
Foreign Retirement Plans. If you were a beneficiary
of a foreign retirement plan, you may have to report the undistributed income
earned in your plan.
However, if you were the beneficiary of an eligible Canadian retirement plan,
you may elect to defer tax on the undistributed income. For details on how
to make the election, see Rev. Proc.
2002-23, 2002-1 C.B. 744. Report distributions
from foreign pension plans on lines 16a and 16b.
Community
Property States
Community property states are Arizona, California, Idaho, Louisiana, Nevada,
New Mexico, Texas, Washington, and Wisconsin. If you and your spouse lived
in a community property state, you must usually follow state law to determine
what is community income and what is separate income. For details, see
Pub. 555.
Rounding Off to Whole Dollars
You may round off cents to whole dollars on your return and schedules. If
you do round to whole dollars, you must round all amounts. To round, drop amounts
under 50 cents and increase amounts from 50 to 99 cents to the next dollar.
For example, $1.39 becomes $1 and $2.50 becomes $3.
If you have to add two or more amounts to figure the amount to enter on a
line, include cents when adding the amounts and round off only the total.
Line 7 - Wages,
Salaries, Tips, etc.
Enter the total of your wages, salaries, tips, etc. If a
joint return, also include your spouse's income. For most
people, the amount to enter on this line should be shown in
box 1 of their Form(s) W-2.
But the following types of income must also be included in
the total on line 7.
- Wages received as a household employee
for which you did not receive a Form W-2 because your employer
paid you less than $1,400 in 2003. Also, enter "HSH"
and the amount not reported on a Form W-2 on the dotted
line next to line 7.
- Tip income you did not report
to your employer. Also include allocated
tips shown on your Form(s) W-2 unless you can prove
that you received less. Allocated tips should be shown in
box 8 of your Form(s) W-2. They are not included as income
in box 1. See Pub. 531
for more details.
|
You may owe social security and Medicare tax on unreported or allocated tips.
See the instructions for Line
56 on page 42.
|
- Dependent care benefits, which should be shown in box 10 of your Form(s) W-2.
But first complete Form 2441 to see if you may exclude part or all of the benefits.
- Employer-provided adoption benefits, which should be shown in box 12 of
your Form(s) W-2 with code T. You may also be able to exclude amounts
if you adopted
a child with special needs and the adoption became final in 2003. See the
Instructions for Form 8839 to find out if you may exclude part or all
of the benefits.
- Scholarship and fellowship grants not reported on
a Form W-2. Also, enter “SCH” and
the amount on the dotted line next to line 7. Exception. If you were a degree
candidate, include on line 7 only the amounts you used for expenses other than
tuition and course-related expenses. For example, amounts used for room, board,
and travel must be reported on line 7.
- Excess salary deferrals. The amount deferred should be shown in box 12
of your Form W-2 and the “Retirement plan” box in box 13 should be checked.
If the total amount you (or your spouse if filing jointly) deferred for 2003
under all plans was more than $12,000 (excluding catch-up contributions as
explained below), include the excess on line 7. This limit is increased to
$15,000 for section 403(b) plans if you qualify for the 15-year rule in Pub.
571.
A higher limit may apply to participants in section 457(b) deferred compensation
plans for the 3 years before retirement age. Contact your plan administrator
for more information.
Catch-up contributions. If you were age 50 or older at the end of 2003, your
employer may have allowed an additional deferral of up to $2,000 ($1,000 for
SIMPLE plans). This additional deferral amount is not subject to the overall
limit on elective deferrals.
|
You may not deduct the amount deferred. It is not included as income
in box 1 of your Form W-2. |
- Disability pensions shown
on Form 1099-R
if you have not reached the minimum retirement age set by
your employer. Disability pensions received after you reach
that age and other payments shown on Form 1099-R (other
than payments from an IRA*) are reported on lines
16a and 16b. Payments from an IRA are reported on lines
15a and 15b.
- Corrective distributions shown
on Form 1099-R
of (a) excess salary deferrals plus earnings and (b) excess
contributions plus earnings to a retirement plan. But do
not include distributions from an IRA* on line 7. Instead,
report distributions from an IRA on lines
15a and 15b.
*This includes a Roth, SEP, or SIMPLE IRA.
Were You a Statutory Employee?
If you were, the “Statutory employee” box in
box 13 of your Form W-2 should be checked. Statutory employees
include fulltime life insurance salespeople, certain agent
or commission drivers and traveling salespeople, and certain
homeworkers. If you have related business expenses to deduct,
report the amount shown in box 1 of your Form W-2 on Schedule
C or C-EZ along
with your expenses.
Missing or Incorrect Form W-2?
Your employer is required to provide or send Form W-2 to you no later than
February 2, 2004. If you do not receive it by early February, use TeleTax
topic 154 (see page 11) to find out what to do. Even if you do not get a
Form W-2, you must still report your earnings on line 7. If you lose your
Form W-2 or it is incorrect, ask your employer for a new one.
Line
8a - Taxable Interest
Each payer should send you a Form
1099-INT or Form
1099-OID. Enter your total taxable interest income on
line 8a. But you must fill in and attach Schedule B if the
total is over $1,500 or any of the other conditions listed
at the beginning of the Schedule
B instructions (see page B-1) apply to you.
Interest credited in 2003 on deposits that you could not withdraw because
of the bankruptcy or insolvency of the financial institution
may not have to be included in your 2003 income. For details,
see Pub. 550.
|
If you get a 2003 Form
1099-INT for U.S. savings bond interest that includes
amounts you reported before 2003 see Pub.
550. |
Line
8b - Tax-Exempt Interest
If you received any tax-exempt interest, such as from municipal bonds,
report it on line 8b. Include any exempt-interest dividends from a mutual
fund or other regulated investment company. Do not include interest earned
on your IRA or Coverdell education savings account.
Line
9 - Ordinary Dividends
Each payer should send you a Form
1099-DIV. Enter your total ordinary dividends on line
9a. This amount should be shown in box 1a of your Form(s)
1099-DIV. But you must fill in and attach Schedule
B if the total is over $1,500 or you received, as a nominee,
ordinary dividends that actually belong to someone else.
Nontaxable Distributions. Some distributions are
nontaxable because they are a return of your cost (or other
basis). They will not be taxed until you recover your cost
(or other basis). You must reduce your cost (or other basis)
by these distributions. After you get back all of your cost
(or other basis), you must report these distributions as capital
gains on Schedule D.
For details, see Pub. 550.
|
Dividends on insurance policies are a partial return of the premiums
you paid. Do not report them as dividends. Include them in income
only if they exceed the total of all net premiums you paid for the
contract. |
Line
9b - Qualified Dividends
Enter your total qualified dividends on line 9b. Qualified
dividends are eligible for a lower tax rate than other ordinary
income. Generally, these dividends are shown in box 1b of
your Form(s) 1099-DIV.
See Pub. 550 for the
definition of qualified dividends if you received dividends
not reported on Form 1099-DIV.
Exception. Some dividends may be reported as qualified dividends in box
1b of Form 1099-DIV but are not qualified dividends. These include:
- Dividends you received as a nominee. See the Instructions for Schedule
B.
- Dividends you received on any share of stock that you held for less
than 61 days during the 120-day period that began 60 days before the ex-dividend
date. The ex-dividend date is the first date following the declaration
of a dividend on which the purchaser of a stock is not entitled to
receive
the
next dividend payment. When counting the number of days you held the
stock, include the day you disposed of the stock but not the day you acquired
it. See the examples below.
- Dividends attributable to periods totaling more than 366 days that you
received on any share of preferred stock held for less than 91 days
during the 180-day
period that began 90 days before the ex-dividend date. Preferred dividends
attributable to periods totaling less than 367 days are subject to
the 61-day holding period rule above.
- Dividends on any share of stock to the extent that you are under an
obligation (including a short sale) to make related payments with respect
to positions
in substantially similar or related property.
- Payments in lieu of dividends, but only if you know or have reason
to know that the payments are not qualified dividends.
Example 1. You bought 5,000 shares of XYZ Corp. common stock on July 1,
2003. XYZ Corp. paid a cash dividend of 10 cents per share. The ex-dividend
date was July 9, 2003. Your Form 1099-DIV from XYZ Corp. shows $500 in box
1a (ordinary dividends) and in box 1b (qualified dividends). However, you
sold the 5,000 shares on August 4, 2003. You held your shares of XYZ Corp.
for only 34 days of the 120-day period (from July 2, 2003, through August
4, 2003). The 120-day period began on May 10, 2003 (60 days before the ex-dividend
date), and ended on September 6, 2003. You have no qualified dividends from
XYZ Corp. because you held the XYZ stock for less than 61 days.
Example 2. Assume the same facts as in Example 1 except that you bought
the stock on July 8, 2003 (the day before the ex-dividend date), and
you sold
the stock on September 9, 2003. You held the stock for 63 days (from July
9, 2003, through September 9, 2003). However, you have no qualified dividends
from XYZ Corp. because you held the stock for only 60 days of the 120-day
period (from July 9, 2003, through September 6, 2003).
Example
3. You bought 10,000 shares of ABC Mutual Fund common stock on July
1, 2003. ABC Mutual Fund paid a cash dividend of 10 cents a share. The ex-dividend
date was July 9, 2003. The ABC Mutual Fund advises you that the portion of
the dividend eligible to be treated as qualified dividends equals 2 cents
per share. Your Form 1099-DIV from ABC Mutual Fund shows total ordinary dividends
of $1,000 and qualified dividends of $200. However, you sold the 10,000 shares
on August 4, 2003. You have no qualified dividends from ABC Mutual Fund because
you held the ABC Mutual Fund stock for less than 61 days.
Line 10 - Taxable Refunds, Credits, or Offsets of State &
Local Income Taxes
|
None of your refund is taxable if, in the year you paid the tax,
you did not itemize deductions. |
If you received a refund, credit, or offset of state or local income taxes
in 2003, you may receive a Form
1099-G. If you chose to apply part or all of the refund
to your 2003 estimated state or local income tax, the amount
applied is treated as received in 2003. If the refund was
for a tax you paid in 2002 and you itemized deductions for
2002, use the worksheet
on page 24 to see if any of your refund is taxable.
Exception. See Recoveries in Pub.
525 instead of using the worksheet on
page 24 if
any of the following apply.
- You received a refund in 2003 that is for a tax year other than 2002.
- You received a refund other than an income tax refund, such as a real
property tax refund, in 2003 of an amount deducted or credit claimed in
an earlier
year.
- Your 2002 taxable income was less than zero.
- You made your last payment of 2002 estimated state or local income tax
in 2003.
- You owed alternative minimum tax in 2002.
- You could not deduct the full amount of credits you were entitled to
in 2002 because the total credits exceeded the amount shown on your 2002
Form 1040,
line 44.
- You could be claimed as a dependent by someone else in 2002.
Also, see Tax Benefit Rule in Pub. 525 instead
of using the worksheet if all three of
the following apply.
- You had to use the Itemized Deductions Worksheet in the 2002 Schedule A
instructions because your 2002 adjusted gross income was over: $137,300 ($68,650
if married filing separately).
- You could not deduct all of the amount on line 1 of the 2002
Itemized Deductions Worksheet.
- The amount on line 8 of that 2002 worksheet
would be more than the
amount on line 4 of that worksheet if the amount on line 4 were reduced
by 80% of
the refund you received in 2003.
State and Local Income Tax
Refund Worksheet--Line 10
Line
11 - Alimony Received
Enter amounts received as alimony or separate maintenance. You must let
the person who made the payments know your social security number. If you
do not, you may have to pay a $50 penalty. For more details, use TeleTax
Topic 406 or see
Pub. 504.
Line
12 - Business Income or (Loss)
If you operated a business or practiced your profession as a sole proprietor,
report your income and expenses on Schedule
C or
C-EZ.
Line
13 - Capital Gain or (Loss)
If you had a capital gain or loss, including any capital
gain distributions, you must complete and attach Schedule
D.
Exception. You do not have
to file Schedule D if all of
the following apply.
- The only amounts you have to report on Schedule D are capital gain distributions
from box 2a of Form(s)
1099-DIV or substitute statements and post-May 5 capital
gain distributions from box 2b.
- None of the Forms 1099-DIV or substitute statements have an amount
in box 2c (qualified 5-year gain), box 2d (unrecaptured section 1250
gain), box
2e (section 1202 gain), or box 2f (collectibles (28%) gain).
- You are not filing Form 4952 (relating to investment interest expense)
or if the amount on line 4g of that form includes any qualified dividends,
it
also includes all of your net capital gain from the disposition of
property held for investment.
If all of the above apply, enter your total capital
gain distributions (from box 2a of Form(s) 1099-DIV) on line 13a and check the box on that line.
If you received capital gain distributions as a nominee (that is, they were
paid to you but actually belong to someone else), report on line 13a only
the amount that belongs to you. Attach a statement showing the full amount
you received and the amount you received as a nominee. See the Instructions
for Schedule B for filing requirements for Forms 1099-DIV and 1096.
Line
13b - Post-May 5 Capital Gain Distributions
If you checked the box on line 13a because you are not required to file Schedule
D, enter your total post-May 5 capital gain distributions
on line 13b. This amount should be shown in box 2b of your
Form(s) 1099-DIV
or substitute statements. Reduce your total post-May 5 capital
gain distributions by any post-May 5 capital gain distributions
you received as a nominee (see the instructions for line 13a
that begin on page 24).
Line
14 - Other Gains or (Losses)
If you sold or exchanged assets used in a trade or business, see the Instructions
for Form 4797.
Lines
15a and 15b - IRA Distributions
You should receive a Form 1099-R
showing the amount of any distribution from your individual
retirement arrangement (IRA). Unless otherwise noted in the
line 15a and 15b instructions, an IRA includes a traditional
IRA, Roth IRA, simplified employee pension (SEP) IRA, and
a savings incentive match plan for employees (SIMPLE) IRA.
Except as provided below, leave line 15a blank and enter the
total distribution on line 15b.
Exception 1. Enter the total distribution on
line 15a if you rolled over part or all of the distribution from one:
- IRA to another IRA of the same type (for example, from one traditional IRA
to another traditional IRA) or
- SEP or SIMPLE IRA to a traditional IRA.
Also, put “Rollover” next to line 15b. If the total distribution
was rolled over, enter zero on line 15b. If the total distribution was not
rolled over, enter the part not rolled over on line 15b unless Exception
2 applies to the part not rolled over.
If you rolled over the distribution (a) in 2004 or (b) from an IRA into
a qualified plan (other than an IRA), attach a statement explaining what
you did.
Exception 2. If any of the following apply, enter the total distribution
on line 15a and see Form 8606 and its instructions to figure the amount
to enter on line 15b.
- You received a distribution from an IRA (other than a Roth IRA) and you
made nondeductible contributions to any of your traditional
or SEP IRAs for 2003 or an earlier year. If you made nondeductible
contributions to these IRAs for 2003, also see Pub.
590.
- You received a distribution from a Roth IRA. But if either 1
or 2 below applies, enter -0- on line 15b; you do not have to see Form
8606 or
its instructions.
- Distribution code T is shown in box 7 of your Form
1099-R and you made a contribution (including a conversion) to
a Roth IRA for 1998.
- Distribution code Q is shown in box 7 of your Form 1099-R.
- You converted part or all of a traditional, SEP, or SIMPLE IRA to a Roth
IRA in 2003.
- You had a 2002 or 2003 IRA contribution returned to you, with the related
earnings or less any loss, by the due date (including extensions)
of your tax return for that year.
- You made excess contributions to your IRA for an earlier year and
had them returned to you in 2003.
- You recharacterized part or all of a contribution to a Roth IRA as
a traditional IRA contribution, or vice versa.
Note. If you (or your spouse if filing jointly)
received more than one distribution, figure the taxable amount of each
distribution and enter the total of the
taxable amounts on line 15b. Enter the total amount of those distributions
on line 15a.
|
You may have to pay an additional tax if (a) you received an early distribution
from your IRA and the total was not rolled over or (b) you were born before
July 1, 1932, and received less than the minimum required distribution
from your traditional, SEP, and SIMPLE IRAs. See the instructions
for line 57 on page 42 for details. |
Lines
16a and 16b - Pensions and Annuities
You should receive a Form 1099-R
showing the amount of your pension and annuity payments. See
page 27 for details on rollovers
and lump-sum distributions.
Do not include the following payments
on lines 16a and 16b. Instead, report them on line 7.
- Disability pensions received before you reach the minimum retirement
age set by your employer.
- Corrective distributions of excess salary deferrals or excess contributions
to retirement plans.
|
Attach Form(s) 1099-R to Form 1040 if any Federal income tax was
withheld. |
Fully Taxable Pensions and Annuities. If your pension or annuity
is fully taxable, enter it on line 16b; do not make an entry on line 16a.
Your payments are fully taxable if (a) you did
not contribute to the cost (see page 27) of your pension or annuity or (b)
you got your entire cost back tax free before 2003.
Fully taxable pensions and annuities also include military retirement pay
shown on Form 1099-R.
For details on military disability pensions, see Pub.
525. If you received a Form RRB-1099-R, see Pub.
575 to find out how to report your benefits.
Partially Taxable Pensions and Annuities. Enter
the total pension or annuity payments you received in 2003
on line 16a. If your Form
1099-R does not show the taxable amount, you must use
the General Rule explained in Pub. 939 to figure the taxable
part to enter on line 16b. But if your annuity starting date
(defined on page 26) was after July 1, 1986, see Simplified
Method (below) to find out if you must use that method
to figure the taxable part.
You can ask the IRS to figure the taxable part for you for a $90 fee. For
details, see Pub. 939.
If your Form 1099-R shows a taxable
amount, you may report that amount on line 16b. But you may be able to report
a lower taxable amount by using the General Rule or the Simplified Method.
Annuity Starting Date. Your annuity starting date is
the later of the first day of the first period for which you received a
payment, or
the date the plan's obligations became
fixed.
Simplified
Method
You must use the Simplified Method if (a) your annuity starting date (defined
on this page) was after July 1, 1986, and you used this method last year
to figure the taxable part or (b) your annuity starting date was after November
18, 1996, and both of the following apply.
- The payments are from a qualified employee plan, a qualified employee annuity,
or a tax-sheltered annuity.
- On your annuity starting date, either you were under age 75 or
the number of years of guaranteed payments was fewer than 5. See Pub.
575 for
the definition of guaranteed payments.
If you must use the Simplified
Method, complete the worksheet on page 26 to figure the taxable
part of your pension or annuity. For more details on
the Simplified Method, see Pub.
575 or Pub. 721 for U.S. Civil Service
retirement.
|
If you received U.S. Civil Service retirement benefits and you chose
the alternative annuity option, see Pub
721 to figure the taxable part of your annuity. Do
not use the worksheet on page
26. |
Age (or Combined Ages) at Annuity Starting Date
If you are the retiree, use your age on the annuity starting date. If you
are the survivor of a retiree, use the retiree's age on his or her annuity
starting date. But if your annuity starting date was after 1997 and the payments
are for your life and that of your beneficiary, use your combined ages on
the annuity starting date.
If you are the beneficiary of an employee who died, see Pub.
575. If there is more than one beneficiary, see Pub.
575 or Pub. 721
to figure each beneficiary's taxable amount.
Cost
Your cost is generally your net investment in the plan as of the annuity
starting date. It does not include pre-tax contributions. Your net investment
should be shown in box 9b of Form 1099-R for the first year you received
payments from the plan.
Rollovers
A rollover is a tax-free distribution of cash or other assets from one retirement
plan that is contributed to another plan. Use lines 16a and 16b to report
a rollover, including a direct rollover, from one qualified employer's plan
to another or to an IRA or SEP.
Enter on line 16a the total distribution before income tax or other deductions
were withheld. This amount should be shown in box 1 of Form 1099-R. From
the total on line 16a, subtract any contributions (usually shown in box 5)
that were taxable to you when made. From that result, subtract the amount
that was rolled over. Enter the remaining amount, even if zero, on line 16b.
Also, enter "Rollover" next to line 16b.
Special rules apply to partial rollovers of property. For more details on
rollovers, including distributions under qualified domestic relations orders,
see Pub. 575.
Lump-Sum
Distributions
If you received a lump-sum distribution from a profit-sharing or retirement
plan, your Form 1099-R should have the "Total distribution" box
in box 2b checked. You may owe an additional tax if you received an early
distribution from a qualified retirement plan and the total amount was not
rolled over. For details, see the instructions for line
57 on page 42.
Enter the total distribution on line 16a and the taxable part on line 16b.
Simplified Method Worksheet--Lines
16a & 16b
|
You may be able to pay less tax on the distribution if you were born before
January 2, 1936, you meet certain other conditions, and you choose
to use Form 4972 to figure
the tax on any part of the distribution. You may also be able to use Form 4972 Form
4972 if you are the beneficiary of a deceased employee who was born
before January 2, 1936. For details,
see Form 4972. |
Line
19 - Unemployment Compensation
You should receive a Form
1099-G showing the total unemployment compensation paid
to you in 2003.
If you received an overpayment of unemployment compensation in 2003 and
you repaid any of it in 2003, subtract the amount you repaid from the total
amount you received. Enter the result on line 19. Also, enter “Repaid” and
the amount you repaid on the dotted line next to line 19. If, in 2003, you
repaid unemployment compensation that you included in gross income in an
earlier year, you may deduct the amount repaid on Schedule
A, line 22. But
if you repaid more than $3,000, see Repayments in Pub.
525 for details on
how to report the repayment.
Lines
20a and 20b - Social Security Benefits
You should receive a Form SSA-1099 showing
in box 3 the total social security benefits paid to you. Box
4 will show the amount of any benefits you repaid in 2003
If you received railroad retirement benefits treated as social
security, you should receive a Form RRB-1099.
Use the worksheet on page
28 to see if any of your benefits are taxable.
Exception. Do not use the worksheet on page
28 if any of the following apply.
- You made contributions to a traditional IRA for 2003 and you or your spouse
were covered by a retirement plan at work or through self-employment.
Instead, use the worksheets in Pub.
590 to see if any of your social
security benefits
are taxable and to figure your IRA deduction.
- You repaid any benefits in 2003 and your total repayments (box 4) were
more than your total benefits for 2003 (box 3). None of your benefits
are taxable
for 2003. In addition, you may be able to take an itemized deduction
for part of the excess repayments if they were for benefits you included
in
gross income in an earlier year. For more details, see Pub.
915.
- You file Form 2555, 2555-EZ, 4563,
or 8815, or you exclude employer-provided
adoption benefits or income from sources within Puerto Rico. Instead, use
the worksheet in Pub. 915.
Social Security Benefits Worksheet--Lines 20a and 20b
Line
21 - Other Income
|
Do not report on this line
any income from self-employment
or fees received as a notary public. Instead, you must
use Schedule C,
C-EZ, or
F, even if
you do not have any business expenses. Also, do not
report on line 21 any nonemployee compensation shown
on Form 1099-MISC.
Instead, see the chart on page 18 to find out where
to report that income. |
Use line 21 to report any income not reported elsewhere on your return or
other schedules. See the examples that begin below. List the type and amount
of income. If necessary, show the required information on an attached statement.
For more details, see Miscellaneous Taxable Income in Pub.
525.
|
Do not report any nontaxable amounts
on line 21, such as any advance child tax credit payment you received; child
support; money or property that was inherited, willed to you, or received
as a gift; or life insurance proceeds received because of a person's death. |
Do not report any nontaxable amounts
on line 21, such as any advance child tax credit payment you received; child
support; money or property that was inherited, willed to you, or received
as a gift; or life insurance proceeds received because of a person's death.
Examples
of income to report on Line 21 are:
- Taxable distributions from a Coverdell education
savings account (ESA).
Distributions from a Coverdell ESA may be taxable if (a) they are more than
the qualified education expenses of the designated beneficiary in 2003 and
(b) they were not included in a qualified rollover. See
Pub 970.
|
You may have to pay an
additional tax if you received a taxable distribution from a Coverdell
ESA. See the Instructions for Form
5329. |
- Prizes and awards.
- Gambling winnings, including lotteries, raffles,
a lump-sum payment from the sale of a right to receive future lottery
payments, etc. For details
on gambling losses, see the instructions for Schedule A, line 27, on
page A-6.
- Jury duty fees. Also, see the instructions
for Line
33 that begin on
page 33.
- Alaska Permanent Fund dividends.
- Qualified tuition program earnings.
However, you may be able to exclude part or all of the earnings from income
if (a) the qualified tuition
program was
established and maintained by a state (or agency or instrumentality of
the state) and (b) any part of the distribution was used to pay qualified
higher
education expenses. Also, you may be able to exclude part or all of the
earnings from income if they were included in a qualified rollover.
See Pub 970.
|
You may have to pay
an additional tax if you received qualified tuition program earnings
that are included on line 21. See the Instructions
for Form 5329. |
- Reimbursements or other amounts received for items deducted in an earlier
year, such as medical expenses, real estate taxes, or home mortgage interest.
See Recoveries in Pub. 525 for details on how to figure the amount to
report.
- Income from the rental of personal property if you engaged in the
rental for profit but were not in the business of renting such property. Also,
see the instructions for Line 33 that
begin on page 33.
- Income from an activity not engaged in for profit. See Pub.
535.
- Loss on certain corrective distributions of excess deferrals. See
Retirement Plan Contributions in Pub.
525.
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