Looking for a Form 1040 Schedule A & B Templates? Download it for free!

•

For more details on determining the value

deduct money you had in a financial insti-

Expenses of adopting a child. But you

of donated property, see Pub. 561.

tution but lost because of the insolvency or

may be able to take a credit for adoption

bankruptcy of the institution.

expenses. See Form 8839 for details.

If the amount of your deduction is more

•

Fines and penalties.

than $500, you must complete and attach

You can deduct nonbusiness casualty or

•

Form 8283. For this purpose, the “amount

theft losses only to the extent that:

Expenses of producing tax-exempt in-

of your deduction” means your deduction

come.

1. The amount of each separate casualty

before applying any income limits that

or theft loss is more than $100, and

could result in a carryover of contributions.

2. The total amount of all losses during

If you deduct more than $500 for a contri-

Line 20

the year (reduced by the $100 limit dis-

bution of a motor vehicle, boat, or airplane,

cussed in (1) above) is more than 10% of

you must also attach a statement from the

Unreimbursed Employee

the amount on Form 1040, line 38.

charitable organization to your return. If

Expenses

your total deduction is over $5,000, you

may also have to get appraisals of the val-

The limits in items (1) and (2)

Enter the total ordinary and necessary job

ues of the donated property. See Form 8283

above do not apply to casualty

TIP

expenses you paid for which you were not

and its instructions for details.

and theft losses that occurred in

reimbursed. (Amounts your employer in-

the Hurricane Katrina disaster

cluded in box 1 of your Form W-2 are not

Recordkeeping.

If you gave property, you

area after August 24, 2005, if the loss was

considered reimbursements.)

should keep a receipt or written statement

caused by Hurricane Katrina. See Form

from the organization you gave the prop-

An ordinary expense is one that is com-

4684 and its instructions for details.

erty to, or a reliable written record, that

mon and accepted in your field of trade,

Special rules apply if you had both gains

shows the organization’s name and ad-

business, or profession. A necessary ex-

and losses from nonbusiness casualties or

dress, the date and location of the gift, and a

pense is one that is helpful and appropriate

thefts. See Form 4684 and its instructions

description of the property. For each gift of

for your business. An expense does not

for details.

property, you should also keep reliable

have to be required to be considered neces-

written records that include:

sary.

Use Schedule A, line 22, to deduct the

•

How you figured the property’s value

costs of proving that you had a property

But you must fill in and attach Form

at the time you gave it. If the value was

loss. Examples of these costs are appraisal

2106 if either (1) or (2) below applies.

determined by an appraisal, keep a signed

fees and photographs used to establish the

1. You claim any travel, transportation,

copy of the appraisal.

amount of your loss.

•

meal, or entertainment expenses for your

The cost or other basis of the property

For information on federal disaster area

job.

if you must reduce it by any ordinary in-

losses, see Pub. 547. For information on tax

2. Your employer paid you for any of

come or capital gain that would have re-

benefits related to Hurricane Katrina, see

your job expenses reportable on line 20.

sulted if the property had been sold at its

Pub. 4492.

fair market value.

•

If you used your own vehicle

How you figured your deduction if

and (2) above does not apply,

TIP

you chose to reduce your deduction for

you may be able to file Form

gifts of capital gain property.

Job Expenses and

•

2106-EZ instead.

Any conditions attached to the gift.

Certain Miscellaneous

If you do not have to file Form 2106 or

If your total deduction for gifts

2106-EZ, list the type and amount of each

of property is over $500, you

Deductions

expense on the dotted line next to line 20. If

gave less than your entire inter-

you need more space, attach a statement

est in the property, or you made

You can deduct only the part of these ex-

showing the type and amount of each ex-

a “qualified conservation contribution,”

penses that exceeds 2% of the amount on

pense. Enter one total on line 20.

your records should contain additional in-

Form 1040, line 38.

formation. See Pub. 526 for details.

Do not include on line 20 any

Pub. 529 discusses the types of ex-

educator expenses you de-

penses that can and cannot be deducted.

ducted on Form 1040, line 23.

Line 17

Examples of Expenses You

Examples of other expenses to include

Cannot Deduct

Carryover From Prior Year

on line 20 are:

•

Political contributions.

Safety equipment, small tools, and

Enter any carryover of contributions that

•

supplies needed for your job.

you could not deduct in an earlier year be-

Personal legal expenses.

•

cause they exceeded your adjusted gross

Uniforms required by your employer

Lost or misplaced cash or property.

income limit. See Pub. 526 for details.

that are not suitable for ordinary wear.

•

Expenses for meals during regular or

•

Protective clothing required in your

extra work hours.

work, such as hard hats, safety shoes, and

•

The cost of entertaining friends.

glasses.

•

Casualty and Theft

•

Commuting expenses. See Pub. 529

Physical examinations required by

for the definition of commuting.

your employer.

Losses

•

Travel expenses for employment

Dues to professional organizations

away from home if that period of employ-

and chambers of commerce.

•

ment exceeds 1 year. See Pub. 529 for an

Subscriptions to professional journals.

Line 19

exception for certain federal employees.

•

Fees to employment agencies and

•

Travel as a form of education.

Complete and attach Form 4684 to figure

other costs to look for a new job in your

•

the amount of your loss to enter on line 19.

Expenses of attending a seminar, con-

present occupation, even if you do not get a

vention, or similar meeting unless it is re-

new job.

You may be able to deduct part or all of

•

lated to your employment.

each loss caused by theft, vandalism, fire,

Certain business use of part of your

•

storm, or similar causes, and car, boat, and

Club dues. See Pub. 529 for excep-

home. For details, including limits that ap-

other accidents. You may also be able to

tions.

ply, use TeleTax topic 509 (see page 8 of

A-8

Instructions For Schedule A And B (Form 1040) - Instructions For Shedule A, Itemized Deductions - 2005 Page 8

Related Articles

Related forms

Related Categories