Instructions For Form 1040-Ss - U.s. Self-Employment Tax Return (Including The Additional Child Tax Credit For Bona Fide Residents Of Puerto Rico) - 2017 Page 8
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14Line 12
than your spouse if filing jointly) for 2017,
and Additional Medicare tax from Part II,
see Qualifying Child of More Than One
line 2, of your 2016 Form 1040-SS.
If you claim any car or truck expenses
Person in Pub. 501.
Do not enter this amount in the entry
(actual or the standard mileage rate), you
space for line 2.
Identification requirements. If you
must provide the information requested in
didn't have an SSN (or ITIN), by the due
Part V of Form 4562. Be sure to attach
Line 3
date of your 2017 Form 1040-SS
Form 4562 to your return.
Use the
Additional Child Tax Credit
(including extensions), you can't claim the
Line 34
Worksheet—Part II, Line 3
to figure your
additional child tax credit on either your
additional child tax credit. Enter the
List your other expenses and the amounts
original or an amended 2017 Form
amount from line 19 of the worksheet on
on lines 34a through 34e. If you cannot
1040-SS, even if you later get an SSN (or
Part II, line 3.
enter all of the expenses on lines 34a
ITIN). Also, no additional child tax credit is
through 34e, enter the first four expenses
allowed on your original or an amended
Disaster tax relief. You can elect to use
on lines 34a through 34d. On line 34e,
2017 Form 1040-SS with respect to a child
your withheld 2016 social security,
enter “Other” and the total of the expenses
who didn't have an SSN, ATIN, or ITIN by
Medicare, Additional Medicare taxes,
not already included on lines 34a through
the due date of your 2017 Form 1040-SS
one-half of your 2016 self-employment
34d.
(including extensions), even if that child
tax, and any 2016 social security tax
later gets one of those numbers.
amounts listed under the instructions for
Part IV—Profit or Loss
Part I, line 6, to determine the ACTC (see
If you apply for an ATIN or an ITIN on
From Business (Sole
Additional child tax credit (ACTC)
under
or before the due date of your 2017 return
Disaster Relief, earlier).
(including extensions) and the IRS issues
Proprietorship)
you an ATIN or an ITIN as a result of the
Complete the Additional Child Tax
For assistance with Part IV (Profit or Loss
application, the IRS will consider your
Credit Worksheet on the next page. If you
From Business (Sole Proprietorship)), see
ATIN or ITIN as issued on or before the
have an amount on line 19 of the
the 2017 Instructions for Schedule C
due date of your return.
worksheet, and line 13 of the worksheet is
(Form 1040), Profit or Loss From
greater than line 10, to the left of the entry
Line 1
Business, and Pub. 334.
space for line 3, enter “PYSET” and 50%
For purposes of figuring the additional
Line 7
(0.5) of your 2016 self-employment tax
child tax credit, you must report all of your
from Part V, line 12, of your 2016 Form
If you claim any car or truck expenses
income derived from sources within
1040-SS.
(actual or the standard mileage rate), you
Puerto Rico that is excluded from U.S. tax
Do not enter this amount in the entry
must provide the information requested in
because you were a bona fide resident of
space for line 3.
Part V of Form 4562. Be sure to attach
Puerto Rico (see
Days of presence in a
Form 4562 to your return.
U.S.
territory, earlier).
Part III—Profit or Loss
Line 25a
This includes items such as wages,
From Farming
interest, dividends, taxable pensions and
List your other expenses and the amounts
annuities, and taxable social security
For assistance with Part III (Profit or Loss
on line 25a. If you cannot enter all of your
From Farming), see the 2017 Instructions
benefits. Also include any profit or (loss)
other expenses on the lines provided,
for Schedule F (Form 1040), and Pub.
from Part III, line 36, and Part IV, line 27.
enter "Other" and the total of the expenses
225.
For more information on these and other
not already listed on line 25a on the last
types of income to include on line 1, see
line under line 25a. Combine the amounts
Accounting Methods
the Form 1040 instructions. See Pub. 570,
reported on line 25a and enter the total on
The accounting method you used to
for the rules to use in determining your
line 25b.
record your farm income determines
Puerto Rico source income.
whether you complete, in addition to
Part V—Self-Employment
Line 2
Section B, Section A or C.
Tax
Enter the amount of your 2017 withheld
Cash method. Include in income both
social security, Medicare, and Additional
the cash actually or constructively
If you are filing a joint return and
Medicare taxes from Puerto Rico Form(s)
received and the fair market value of
both you and your spouse have
!
499R-2/W-2PR, boxes 18 and 20. If
goods or other property you received. In
income subject to SE tax, you
married filing jointly, include your spouse’s
CAUTION
most cases, you deduct your expenses
must each complete a separate Part V.
amounts with yours.
when you pay them.
This includes those who made a joint
For information about Form 499R-2/
election to be taxed as a QJV.
Accrual method. Include your income in
W-2PR go to the Departamento de
the year you earned it. It doesn't matter
What Is Included in Net
Hacienda website at
when you get it. Deduct your expenses
Hacienda.gobierno.pr/.
Earnings From
when you incur them.
Disaster tax relief. You can elect to use
Self-Employment
Section A or C—Sales of
your withheld 2016 social security,
In most cases, net earnings include your
Livestock
Medicare, and Additional Medicare taxes
net profit from a farm or nonfarm business.
to determine the ACTC (see
Additional
Form 4797 is used to report sales of
If you were a partner in a partnership, see
child tax credit (ACTC)
under Disaster
livestock held for draft, breeding, sport, or
the following instructions.
Relief, earlier).
dairy purposes, and is attached to Form
Complete the Additional Child Tax
1040. This income is taxable, but isn't
Partnership Income or Loss
Credit Worksheet on the next page. If you
subject to SE tax. You should check to see
have an amount on line 19 of the
if this additional amount of gross income
When figuring your total net earnings from
worksheet, and line 13 of the worksheet is
will require you to file Form 1040 instead
self-employment, include your share of
partnership income or loss attributable to a
greater than line 10, to the left of the entry
of Form 1040-SS.
trade or business and any guaranteed
space for line 2, enter “PYET” and your
withheld 2016 social security, Medicare,
payments for services or the use of
Instructions for Form 1040-SS (2017)
SS-8
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