1040 Filers - Taxable Earned Income Worksheet Keep for Your
Records
Before you begin: |
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Use this worksheet only if you were sent here from the Line 11 Worksheet on page 5 of this publication or line
4 of Form 8812, Additional Child Tax Credit.
Disregard community property laws when figuring the amounts to enter on this worksheet.
If married filing jointly, include your spouse's amounts with yours when completing this worksheet. |
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1. |
Enter the amount from Form 1040, line 7 |
1. |
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Next, if you are filing Schedule C, C-EZ, F, or SE, or you received a Schedule K-1 (Form 1065
or Form 1065-B), go to line 2a. Otherwise, skip lines 2a through 2e and go to line 3. |
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2. |
a. |
Enter any statutory employee income reported on line 1 of Schedule C or C-EZ |
2a. |
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b. |
Enter any net profit or (loss) from Schedule C, line 31; Schedule C-EZ, line 3; Schedule K-1 (Form 1065),
line 15a (other than farming); and Schedule K-1 (Form 1065-B), box 9.* Reduce this amount by any unreimbursed nonfarm partnership expenses you
deducted on Schedule E. Do not include any statutory employee income or any other amounts exempt from self-employment tax. Options and
commodities dealers must add any gain or subtract any loss (in the normal course of dealing in or trading section 1256 contracts) from section 1256
contracts or related property |
2b. |
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c. |
Enter any net farm profit or (loss) from Schedule F, line 36, and from farm partnerships, Schedule K-1
(Form 1065), line 15a.* Reduce this amount by any unreimbursed farm partnership expenses you deducted on Schedule E. Do not include any
amounts exempt from self-employment tax |
2c. |
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d. |
If you used the farm optional method to figure net earnings from self-employment, enter the amount
from Schedule SE, Section B, line 15. Otherwise, skip this line and enter on line 2e the amount from line 2c |
2d. |
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e. |
If line 2c is a profit, enter the smaller of line 2c or line 2d. If line 2c is a (loss), enter
the (loss) from line 2c. |
2e. |
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3. |
Add lines 1, 2a, 2b, and 2e. If zero or less, stop. Do not complete the rest of this worksheet.
Instead, enter -0- on line 2 of the Line 11 Worksheet on page 5 or line 4 of Form 8812, whichever applies |
3. |
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4. |
Enter any amount included on line 1 that is: |
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a. |
A scholarship or fellowship grant not reported on Form W-2 |
4a. |
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b. |
For work done while an inmate in a penal institution (enter "PRI" and this amount on the dotted
line next to line 7 of Form 1040) |
4b. |
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c. |
A pension or annuity from a nonqualified deferred compensation plan or a section 457 plan (enter
"DFC" and this amount on the dotted line next to line 7 of Form 1040). This amount may be shown in box 11 of your Form W-2. If you received such
an amount but box 11 is blank, contact your employer for the amount received as a pension or annuity. |
4c. |
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5. |
a. |
Enter any amount included on line 3 that is also included on Form 2555, line 41, or Form 2555-EZ, line 18. Do
not include any amount that is also included on line 4a, 4b, or 4c above |
5a. |
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b. |
Enter the amount, if any, from Form 2555, line 42, that is also deducted on Schedule C, C-EZ, or F, or included on
Schedule E in partnership net income or (loss) |
5b. |
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c. |
Subtract line 5b from line 5a |
5c. |
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6. |
Enter the amount from Form 1040, line 27 |
6. |
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7. |
Add lines 4a through 4c, 5c, and 6 |
7. |
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8. |
Subtract line 7 from line 3 |
8. |
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- If you were sent here from the Line 11 Worksheet on page 5, enter this amount on line 2 of that worksheet.
- If you were sent here from Form 8812, enter this amount on line 4 of that form.
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*If you have any Schedule K-1 amounts and you are not required to file Schedule SE, complete the appropriate
line(s) of Schedule SE, Section A. Put your name and social security number on Schedule SE and attach it to your return. |
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1040A Filers - Taxable Earned Income Worksheet Keep for Your
Records
Before you begin: |
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Use this worksheet only if you were sent here from the Line 11 Worksheet on page 5
of this publication.
Disregard community property laws when figuring the amounts to enter on this worksheet. |
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1. |
Enter the amount from Form 1040A, line 7 |
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2. |
Enter any amount included on line 1 that is: |
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a. |
A scholarship or fellowship grant not reported on Form W-2 |
2a. |
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b. |
For work done while an inmate in a penal institution (enter "PRI" and this amount next to line 7 of Form
1040A) |
2b. |
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c. |
A pension or annuity from a nonqualified deferred compensation plan or a section 457 plan (enter "DFC" and this
amount next to line 7 of Form 1040A). This amount may be shown in box 11 of your Form W-2. If you received such an amount but box 11 is blank, contact
your employer for the amount received as a pension or annuity |
2c. |
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3. |
Add lines 2a through 2c |
3. |
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4. |
Subtract line 3 from line 1. Enter the result here and on line 2 of the Line 11 Worksheet on
page 5 |
4. |
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