Instructions For Form 1040-Ss - U.s. Self-Employment Tax Return (Including The Additional Child Tax Credit For Bona Fide Residents Of Puerto Rico) - Internal Revenue Service - 2011 Page 7
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10What Is Included in Net
production of farm products on this land.
management activities over a long period
This income is farm earnings. To
of time.
Earnings From
determine if you materially participated in
13. Gain or loss from section 1256
Self-Employment
farm management or production, do not
contracts or related property by an
Generally, net earnings include your net
consider the activities of any agent who
options or commodities dealer in the
profit from a farm or nonfarm business. If
acted for you. The material participation
normal course of dealing in or trading
you were a partner in a partnership, see
tests for landlords are explained in
section 1256 contracts.
the following instructions.
chapter 12 of Pub. 225.
Income and Losses
2. Cash or a payment-in-kind from the
Partnership Income or Loss
Department of Agriculture for participating
Not Included in Net Earnings
When figuring your total net earnings from
in a land diversion program.
From Self-Employment
self-employment, include your share of
3. Payments for the use of rooms or
partnership income or loss attributable to
1. Salaries, fees, etc., subject to
other space when you also provided
a trade or business and any guaranteed
social security or Medicare tax that you
substantial services for the convenience
payments for services or the use of
received for performing services as an
of your tenants. Examples are hotel
capital. However, if you were a limited
employee, including services performed
rooms, boarding houses, tourist camps or
partner, include only guaranteed
as a public official (except as a fee basis
homes, parking lots, warehouses, and
payments for services you actually
government employee as explained in
storage garages. See chapter 5 of Pub.
rendered to or on behalf of the
item 8 under Other Income and Losses
334 for more information.
partnership.
Included in Net Earnings From
4. Income from the retail sale of
If you were a general partner, reduce
Self-Employment earlier).
newspapers and magazines if you were
lines 1a and 2 of Part V for any section
2. Fees received for services
age 18 or older and kept the profits.
179 expense deduction, oil or gas
performed as a notary public. However, if
5. Income you receive as a direct
depletion, and unreimbursed partnership
you have other earnings of $400 or more
seller. Newspaper carriers or distributors
expenses. Attach an explanation of these
subject to SE tax, on the dotted line next
of any age are direct sellers if certain
deductions.
to Part V, line 3, enter “Exempt — Notary”
conditions apply. See chapter 5 of Pub.
and the amount of your net profit as a
If your partnership was engaged solely
334 for details.
notary public included in line 2. Subtract
in the operation of a group investment
6. Amounts received by current or
that amount from the total of lines 1a, 1b,
program, earnings from the operation are
former self-employed insurance agents
and 2 and enter the result on line 3.
not self-employment earnings for either
and salespersons that are:
3. Income you received as a retired
the general or limited partners.
a. Paid after retirement but figured as
partner under a written partnership plan
a percentage of commissions received
If a partner died and the partnership
that provides lifelong periodic retirement
from the paying company before
continued, include in self-employment
payments if you had no other interest in
retirement,
income the deceased partner’s
the partnership and did not perform
distributive share of the partnership’s
b. Renewal commissions, or
services for it during the year.
ordinary income or loss through the end
c. Deferred commissions paid after
4. Income from real estate rentals if
of the month in which he or she died. See
retirement for sales made before
you did not receive the income in the
section 1402(f).
retirement.
course of a trade or business as a real
However, certain termination
If you were married and both you and
estate dealer. Report this income in Part
payments received by former insurance
your spouse were partners in a
IV if you and your spouse made an
salespersons are not included in net
partnership, each of you must report your
election to be taxed as a qualified joint
earnings from self-employment (as
net earnings from self-employment from
venture.
explained in item 10 under Income and
the partnership. Each of you must
5. Income from farm rentals (including
Losses Not Included in Net Earnings
complete a separate Part V. If only one of
rentals paid in crop shares) if, as landlord,
From Self-Employment).
you was a partner in a partnership, the
you did not materially participate in the
spouse who was the partner must pay SE
7. Income of certain crew members of
production or management of the
tax on all of his or her share of
fishing vessels with crews of normally
production of farm products on the land.
partnership income.
fewer than 10 people. See chapter 10 of
See chapter 12 of Pub. 225 for details.
Pub. 334 for details.
Report this income on Form 4835 and
Community income. Your own
8. Fees as a state or local
Form 1040. Do not file Form 1040-SS.
distributive share of partnership income is
government employee if you were paid
6. Payments you receive from the
included in figuring your net earnings from
only on a fee basis and the job was not
Conservation Reserve Program if you are
self-employment. Unlike the division of
covered under a federal-state social
receiving social security benefits for
that income between spouses for figuring
security coverage agreement.
retirement or disability. Deduct these
income tax, no part of your share can be
payments on line 1b of Part V.
9. Interest received in the course of
included in figuring your spouse’s net
7. Dividends on shares of stock and
any trade or business, such as interest on
earnings from self-employment.
interest on bonds, notes, etc., if you did
notes or accounts receivable.
Share Farming
not receive the income in the course of
10. Fees and other payments received
You are considered self-employed if you
your trade or business as a dealer in
by you for services as a director of a
produced crops or livestock on someone
stocks or securities.
corporation.
else’s land for a share of the crops or
8. Gain or loss from:
11. Recapture amounts under sections
livestock produced (or a share of the
a. The sale or exchange of a capital
179 and 280F included in gross income
proceeds from the sale of them). This
asset;
because the business use of the property
applies even if you paid another person
b. Certain transactions in timber, coal,
dropped to 50% or less. Do not include
(an agent) to do the actual work or
or domestic iron ore; or
amounts you recaptured on the
management for you. For details, see
c. The sale, exchange, involuntary
disposition of property. See Form 4797,
Pub. 225.
conversion, or other disposition of
Sales of Business Property.
property unless the property is stock in
12. Fees you received as a
Other Income and Losses
trade or other property that would be
professional fiduciary. This may also
Included in Net Earnings
includible in inventory, or held mainly for
apply to fees paid to you as a
From Self-Employment
sale to customers in the ordinary course
nonprofessional fiduciary if the fees relate
of the business.
1. Rental income from a farm if, as
to active participation in the operation of
landlord, you materially participated in the
the estate’s business or the management
9. Net operating losses from other
production or management of the
of an estate that required extensive
years.
SS-7
Instructions for Form 1040-SS (2011)
ADVERTISEMENT
0 votes
Related Articles
Related forms
Instructions For Form 1040-ss - U.s. Self-employment Tax Return (including The Additional Child Tax Credit For Bona Fide Residents Of Puerto Rico) - Internal Revenue Service - 2007
Financial
Instructions For Form 1040-ss - U.s. Self-employment Tax Return (including The Additional Child Tax Credit For Bona Fide Residents Of Puerto Rico) - Internal Revenue Service - 2008
Financial
Instructions For Form 1040-ss - U.s. Self-employment Tax Return (including The Additional Child Tax Credit For Bona Fide Residents Of Puerto Rico) - Internal Revenue Service - 2005
Financial
Instructions For Form 1040-ss - U.s. Self-employment Tax Return (including The Additional Child Tax Credit For Bona Fide Residents Of Puerto Rico) - Internal Revenue Service - 2010
Financial
Instructions For Form 1040-ss - U.s. Self-employment Tax Return (including The Additional Child Tax Credit For Bona Fide Residents Of Puerto Rico) - Internal Revenue Service - 2006
Financial
Instructions For Form 1040-ss - U.s. Self-employment Tax Return (including The Additional Child Tax Credit For Bona Fide Residents Of Puerto Rico) - Internal Revenue Service - 2002
Financial
Instructions For Form 1040-ss - U.s. Self-employment Tax Return (including The Additional Child Tax Credit For Bona Fide Residents Of Puerto Rico) - Internal Revenue Service - 2003
Financial
Instructions For Form 1040-ss - U.s. Self-employment Tax Return (including The Additional Child Tax Credit For Bona Fide Residents Of Puerto Rico) - Internal Revenue Service - 2004
Financial
Related Categories
Parent category: Financial