Instructions For Schedule A And B (Form 1040) - Instructions For Shedule A, Itemized Deductions - 2005 Page 9
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the Form 1040 instructions) or see Pub.
4684, lines 35 and 41b, or Form 4797, line
Certain legal and accounting fees.
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587.
18a.
Clerical help and office rent.
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Certain educational expenses. For de-
Loss from other activities from
Custodial (for example, trust account)
tails, use TeleTax topic 513 (see page 8 of
Schedule K-1(Form 1065-B), box 2.
fees.
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the Form 1040 instructions) or see Pub.
Federal estate tax on income in re-
Your share of the investment ex-
970. Reduce your educational expenses by
spect of a decedent.
penses of a regulated investment company.
any tuition and fees deduction you claimed
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Amortizable bond premium on bonds
Certain losses on nonfederally insured
on Form 1040, line 34.
acquired before October 23, 1986.
deposits in an insolvent or bankrupt finan-
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You may be able to take a credit
cial institution. For details, including limits
Deduction for repayment of amounts
for your educational expenses
that apply, see Pub. 529.
TIP
under a claim of right if over $3,000. See
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instead of a deduction. See
Pub. 525 for details.
Casualty and theft losses of property
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Form 8863 for details.
used in performing services as an employee
Certain unrecovered investment in a
from Form 4684, lines 35 and 41b, or Form
pension.
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4797, line 18a.
Impairment-related work expenses of
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Line 21
Deduction for repayment of amounts
a disabled person.
under a claim of right if $3,000 or less.
For more details, see Pub. 529.
Tax Preparation Fees
Enter the fees you paid for preparation of
your tax return, including fees paid for fil-
Other Miscellaneous
ing your return electronically. If you paid
Total Itemized
your tax by credit card, do not include the
Deductions
convenience fee you were charged.
Deductions
Line 27
Line 22
Line 28
Only the expenses listed next can be de-
Other Expenses
ducted on this line. List the type and
Use the worksheet below to figure the
amount of each expense on the dotted lines
amount to enter on line 28 if the amount on
Enter the total amount you paid to produce
Form 1040, line 38, is over $145,950
next to line 27. If you need more space,
or collect taxable income and manage or
($72,975 if married filing separately).
protect property held for earning income.
attach a statement showing the type and
But do not include any personal expenses.
amount of each expense. Enter one total on
List the type and amount of each expense
line 27.
on the dotted lines next to line 22. If you
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Line 29
Gambling losses, but only to the ex-
need more space, attach a statement show-
tent of gambling winnings reported on
ing the type and amount of each expense.
If you elect to itemize for state tax or other
Form 1040, line 21.
Enter one total on line 22.
purposes even though your itemized deduc-
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Casualty and theft losses of
tions are less than your standard deduction,
Examples of expenses to include on line
22 are:
income-producing property from Form
check the box on line 29.
Itemized Deductions Worksheet—Line 28
Keep for Your Records
1. Enter the total of the amounts from Schedule A, lines 4, 9, 14, 18, 19, 26, and 27 . . . . . . . . . . . . .
1.
2. Enter the total of the amounts from Schedule A, lines 4, 13, 15b, and 19, plus any gambling and
casualty or theft losses included on line 27. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2.
Be sure your total gambling and casualty or theft losses are clearly identified on the
dotted lines next to line 27.
3. Is the amount on line 2 less than the amount on line 1?
No.
Your deduction is not limited. Enter the amount from line 1 above on Schedule A,
STOP
line 28.
Yes. Subtract line 2 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3.
4. Multiply line 3 by 80% (.80) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4.
5. Enter the amount from Form 1040, line 38 . . . . . . . . . . . . . . . . . . . . . . . . . . .
5.
6. Enter: $145,950 ($72,975 if married filing separately) . . . . . . . . . . . . . . . . . . .
6.
7. Is the amount on line 6 less than the amount on line 5?
No.
Your deduction is not limited. Enter the amount from line 1
STOP
above on Schedule A, line 28.
Yes. Subtract line 6 from line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7.
8. Multiply line 7 by 3% (.03) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8.
9. Enter the smaller of line 4 or line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9.
10. Total itemized deductions. Subtract line 9 from line 1. Enter the result here and on Schedule A,
line 28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.
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