Instructions For Form 1040 - U.s. Individual Income Tax Return - 2017 Page 50

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2017 Form 1040—Lines 53 Through 59
Credit for the elderly or the disa-
You may be charged a penalty
Line 53
!
bled. See Schedule R.
equal to 50% of the social se-
Adoption credit. You may be able
curity and Medicare or RRTA
Residential Energy Credit
CAUTION
to take this credit if you paid expenses to
tax due on tips you received but didn't
adopt a child or you adopted a child with
report to your employer.
Residential energy efficient property
special needs and the adoption became
credit. You may be able to take this
Form 8919. If you are an employee
final in 2017. See the Instructions for
credit by completing and attaching Form
who received wages from an employer
Form 8839.
5695 if you paid for any of the following
who didn't withhold social security and
District of Columbia first-time
during 2017.
Medicare tax from your wages, use
homebuyer credit. You can't claim this
Qualified solar electric property
Form 8919 to figure your share of the
credit for a home you bought after 2011.
for use in your home located in the Uni-
unreported tax. Include on line 58 the
You can claim it only if you have a
ted States.
amount from line 13 of Form 8919. In-
credit carryforward from 2016. See
Qualified solar water heating prop-
clude the amount from line 6 of Form
Form 8859.
erty for use in your home located in the
8919 on Form 1040, line 7.
Qualified plug-in electric drive
United States.
motor vehicle credit. See Form 8936.
Line 59
At the time these instructions
Qualified electric vehicle credit.
!
went to print, the nonbusiness
You can't claim this credit for a vehicle
Additional Tax on IRAs,
energy property credit had ex-
placed in service after 2006. You can
CAUTION
Other Qualified Retirement
pired. You can't claim it for any proper-
claim this credit only if you have an
ty placed in service after 2016. To find
Plans, etc.
electric vehicle passive activity credit
out if legislation extended this credit so
carried forward from a prior year. See
If any of the following apply, see Form
you can claim it on your 2017 return, go
Form 8834.
5329 and its instructions to find out if
to
IRS.gov/Extenders
or
IRS.gov/
Alternative motor vehicle credit.
you owe this tax and if you must file
Form1040.
See Form 8910 if you placed a new fuel
Form 5329. Also see Form 5329 and its
cell motor vehicle in service during
Condos and co-ops. If you are a mem-
instructions for definitions of the terms
2017.
ber of a condominium management as-
used here.
Credit to holders of tax credit
sociation for a condominium you own or
bonds. See Form 8912.
1. You received an early distribution
a tenant-stockholder in a cooperative
from (a) an IRA or other qualified retire-
housing corporation, you are treated as
ment plan, (b) an annuity, or (c) a modi-
having paid your proportionate share of
Other Taxes
fied endowment contract entered into af-
any costs of such association or corpora-
ter June 20, 1988, and the total distribu-
tion for purposes of this credit.
tion wasn't rolled over.
Line 58
More details. For details, see Form
2. Excess contributions were made
5695.
to your IRA, Coverdell education sav-
Unreported Social Security
ings account (ESA), Archer MSA,
Line 54
and Medicare Tax from
health savings account (HSA), or ABLE
Forms 4137 and 8919
account.
Other Credits
3. You received a taxable distribu-
Enter the total of any taxes from Form
Enter the total of the following credits
tion from a Coverdell ESA, qualified
4137 and Form 8919. Check the appro-
on line 54 and check the appropriate
tuition program, or ABLE account.
priate box(es).
box(es). Check all boxes that apply. If
4. You were born before July 1,
Form 4137. If you received tips of $20
box c is checked, also enter the applica-
1946, and didn't take the minimum re-
or more in any month and you didn't re-
ble form number. To find out if you can
quired distribution from your IRA or
port the full amount to your employer,
take the credit, see the form or publica-
other qualified retirement plan.
you must pay the social security and
tion indicated.
Medicare or railroad retirement (RRTA)
General business credit. This credit
Exception. If only item (1) applies and
tax on the unreported tips.
consists of a number of credits that usu-
distribution code 1 is correctly shown in
ally apply only to individuals who are
Don’t include the value of any non-
box 7 of all your Forms 1099-R, you
partners, shareholders in an S corpora-
cash tips, such as tickets or passes. You
don’t have to file Form 5329. Instead,
tion, self-employed, or who have rental
don’t pay social security and Medicare
multiply the taxable amount of the dis-
property. See Form 3800 or Pub. 334.
taxes or RRTA tax on these noncash
tribution by 10% (0.10) and enter the re-
Credit for prior year minimum tax.
tips.
sult on line 59. The taxable amount of
If you paid alternative minimum tax in a
To figure the social security and
the distribution is the part of the distri-
prior year, see Form 8801.
Medicare tax, use Form 4137. If you
bution you reported on Form 1040,
Mortgage interest credit. If a state
owe RRTA tax, contact your employer.
line 15b or 16b, or on Form 4972. Also,
or local government gave you a mort-
Your employer will figure and collect
enter “No” under the heading Other
gage credit certificate, see Form 8396.
the RRTA tax.
Taxes to the left of line 59 to indicate
that you don’t have to file Form 5329.
-50-
Need more information or forms? Visit IRS.gov.

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