Instructions For Form 1040 - U.s. Individual Income Tax Return - 2017 Page 32

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2017 Form 1040—Lines 23 Through 29
that is helpful and appropriate for your
You used one of the optional
Line 26
profession as an educator. An expense
methods to figure your net earnings
doesn’t have to be required to be consid-
from self-employment on Schedule SE.
Moving Expenses
ered necessary.
You received wages in 2017 from
If you moved in connection with your
an S corporation in which you were a
Qualified expenses don’t include ex-
job or business or started a new job, you
more-than-2% shareholder. Health in-
penses for home schooling or for non-
may be able to take this deduction. But
surance premiums paid or reimbursed by
athletic supplies for courses in health or
your new workplace must be at least 50
the S corporation are shown as wages on
physical education.
miles farther from your old home than
Form W-2.
your old home was from your old work-
You must reduce your qualified ex-
The insurance plan must be establish-
place. If you had no former workplace,
penses by the following amounts.
ed under your business. Your personal
your new workplace must be at least 50
Excludable U.S. series EE and I
services must have been a material in-
miles from your old home. Use
Tax
savings bond interest from Form 8815.
come-producing factor in the business.
Topic 455
or see Form 3903.
Nontaxable qualified tuition pro-
If you are filing Schedule C, C-EZ, or F,
gram earnings or distributions.
Line 27
the policy can be either in your name or
Any nontaxable distribution of
in the name of the business.
Coverdell education savings account
Deductible Part of
earnings.
If you are a partner, the policy can be
Self-Employment Tax
Any reimbursements you received
either in your name or in the name of the
for these expenses that weren’t reported
partnership. You can either pay the pre-
If you were self-employed and owe
to you in box 1 of your Form W-2.
miums yourself or your partnership can
self-employment tax, fill in Schedule SE
pay them and report them as guaranteed
For more details, use
Tax Topic 458
to figure the amount of your deduction.
payments. If the policy is in your name
or see Pub. 529.
If you completed Section A of Sched-
and you pay the premiums yourself, the
ule SE, the deductible part of your
partnership must reimburse you and re-
Line 24
self-employment tax is on line 6. If you
port the premiums as guaranteed pay-
completed Section B of Schedule SE, it
ments.
Certain Business Expenses
is on line 13.
of Reservists, Performing
If you are a more-than-2% sharehold-
Line 28
er in an S corporation, the policy can be
Artists, and Fee-Basis
either in your name or in the name of the
Government Officials
Self-Employed SEP,
S corporation. You can either pay the
SIMPLE, and Qualified Plans
premiums yourself or the S corporation
Include the following deductions on
can pay them and report them as wages.
line 24.
If you were self-employed or a partner,
If the policy is in your name and you
Certain business expenses of Na-
you may be able to take this deduction.
pay the premiums yourself, the S corpo-
tional Guard and reserve members who
See Pub. 560 or, if you were a minister,
ration must reimburse you. You can de-
traveled more than 100 miles from home
Pub. 517.
duct the premiums only if the S corpora-
to perform services as a National Guard
tion reports the premiums paid or reim-
or reserve member.
Line 29
bursed as wages in box 1 of your Form
Performing-arts-related
expenses
W-2 in 2017 and you also report the pre-
as a qualified performing artist.
Self-Employed Health
mium payments or reimbursements as
Business expenses of fee-basis
Insurance Deduction
wages on Form 1040, line 7.
state or local government officials.
You may be able to deduct the amount
But if you also were eligible to par-
For more details, see Form 2106 or
you paid for health insurance for your-
ticipate in any subsidized health plan
2106-EZ.
self, your spouse, and your dependents.
maintained by your or your spouse's em-
The insurance also can cover your child
Line 25
ployer for any month or part of a month
who was under age 27 at the end of
in 2017, amounts paid for health insur-
2017, even if the child wasn't your de-
Health Savings Account
ance coverage for that month can't be
pendent. A child includes your son,
used to figure the deduction. Also, if
(HSA) Deduction
daughter, stepchild, adopted child, or
you were eligible for any month or part
foster child (defined in the line 6c in-
of a month to participate in any subsi-
You may be able to take this deduction
structions).
dized health plan maintained by the em-
if contributions (other than employer
ployer of either your dependent or your
contributions, rollovers, and qualified
One of the following statements must
child who was under age 27 at the end
HSA funding distributions from an IRA)
be true.
of 2017, don’t use amounts paid for cov-
were made to your HSA for 2017. See
You were self-employed and had a
erage for that month to figure the deduc-
Form 8889.
net profit for the year reported on
tion.
Schedule C, C-EZ, or F.
You were a partner with net earn-
ings from self-employment.
-32-
Need more information or forms? Visit IRS.gov.

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