Form Ir - Individual Income Tax Return - City Of Fairfield - 2016 Page 2
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2City of Fairfield Individual Income Tax Return 2016 - Page 2
All appropriate Federal schedules and forms MUST be attached. A return is NOT complete unless schedules and forms are included.
OTHER TAXABLE INCOME OR DEDUCTIONS
Other Taxable Income (attach Form)
19. Taxable income not reported on a W-2, or W-2G form (1099MISC – not on Schedule C, including gambling winnings)
(Income on 1099-INT, 1099-R, 1099-D, and W2-P is not taxable.)
19. $____________________
Schedule C/F (Business Operations and or Farm Operations) Profit/Loss (attach Federal Schedules)
20. Schedule C or F
A.
Business Name __________________________________________________________________
20A. $____________________
Business Address ________________________________________________________________
Date Started _____________________
Date Ended ___________________________________
B.
Business Name __________________________________________________________________
20B. $____________________
Business Address ________________________________________________________________
Date Started _____________________
Date Ended ___________________________________
C.
Total Schedule C Profit/Loss ………………………………………………………………………..................................... 20C. $____________________
Schedule E (Rental and/or Partnership) Profit/Loss. S-Corporations are excluded from individual’s income. (attach Federal Schedule and K-1s.)
21. Rental Property – Losses without an exact location will be disallowed.
A.
Address _______________________________________________________________________
21A. $____________________
City/State/Zip ____________________________________________________________________
B.
Address ________________________________________________________________________
21B. $ ___________________
City/State/Zip ____________________________________________________________________
C.
Address ________________________________________________________________________
21C. $ ___________________
City/State/Zip ____________________________________________________________________
D.
Address ________________________________________________________________________
21D. $ ___________________
City/State/Zip ____________________________________________________________________
E.
Total Rental Profit/Loss ………………………………………………………………………............................................. 21E. $ ___________________
22. Partnership Income/Loss – Applicable losses without exact locations will be disallowed.
A.
Partnership Name/ID ____________________________________________________________
22A. $ ___________________
Address ________________________________________________________________________
B.
Partnership Name/ID ____________________________________________________________
22B. $ ___________________
Address ________________________________________________________________________
C.
Partnership Name/ID ____________________________________________________________
22C. $ ___________________
Address ________________________________________________________________________
D.
Total Partnership Profit/Loss......................................................................................................................................... 22D. $ ___________________
23.
Total business profit/loss (Line 20C, Line 21E and Line 22D). If a loss, the amount can be carried forward
for a maximum of three (3) years to offset future business profit/loss and CANNOT be used to offset W-2 wages. 23. $ ___________________
Prior business loss from previously filed tax returns. Limited to the last three (3) years ……............................... 24. $ ___________________
24.
25.
Net business profit/loss; if Line 23 is less than zero or less than Line 24, enter zero (0.00).
Otherwise subtract Line 24 from Line 23……………..………………………………………………............................ 25. $ ___________________
Other Deductions [Non-Resident Wages and or Employee Business Expenses (Form 2106) include forms]
26.
Deductions and non-taxable income (see instruction sheet for details)
A.
______________________________________________________
26A. $ ________________
B.
______________________________________________________
26B. $ ________________
C.
______________________________________________________
26C. $ ________________
D.
Total deductions and non-taxable income …………………………………………......................................... 26D. $ ___________________
27.
Total other taxable income or deductions (Line 19 plus Line 25 minus Line 26D) Enter this amount on Line 2*........27.
$ ____________________
**Note:
Losses are not deductible from wage income. Only Employee business expenses (attach Form 2106) and/or wages
earned outside the City of Fairfield while a non-resident are allowed to be deducted from wages.
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