Instructions For Form 1040-Ss Page 7
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13Part III—Profit or Loss
Line 25a
Note. If you are a U.S. citizen or U.S.
national and your adopted child lived with
From Farming
List your other expenses and the amounts
you all year as a member of your
on line 25a. If you cannot enter all of your
For assistance with Part III (Profit or Loss
household, that child meets an exception
other expenses on the lines provided,
From Farming), see the 2016 Instructions
and may be a qualifying child although the
enter "Other" and the total of the expenses
for Schedule F (Form 1040), and Pub.
child is a nonresident alien.
not already listed on line 25a on the last
225.
line under line 25a. Combine the amounts
Information about your qualifying
Accounting Methods
reported on line 25a and enter the total on
child. In Part I, line 2, enter each
qualifying child's name, identifying number
line 25b.
The accounting method you used to
(SSN, ITIN or ATIN), and relationship to
record your farm income determines
Part V—Self-Employment
you. If you have more than six qualifying
whether you complete, in addition to
children, attach a statement to Form
Tax
Section B, Section A or C.
1040-SS with the required information. If
Cash method. Include in income both
the child meets the conditions to be a
If you are filing a joint return and
the cash actually or constructively
qualifying child of any other person (other
both you and your spouse have
!
received and the fair market value of
than your spouse if filing jointly) for 2016,
income subject to SE tax, you
goods or other property you received.
CAUTION
see Qualifying Child of More Than One
must each complete a separate Part V.
Generally, you deduct your expenses
Person in Pub. 501.
This includes those who made a joint
when you pay them.
election to be taxed as a QJV.
Identification requirements. If you
Accrual method. Include your income in
didn't have an SSN (or ITIN), by the due
What Is Included in Net
the year you earned it. It doesn't matter
date of your 2016 Form 1040-SS
Earnings From
when you get it. Deduct your expenses
(including extensions), you can't claim the
when you incur them.
additional child tax credit on either your
Self-Employment
original or an amended 2016 Form
Section A or C—Sales of
Generally, net earnings include your net
1040-SS, even if you later get an SSN (or
Livestock
profit from a farm or nonfarm business. If
ITIN). Also, no additional child tax credit is
you were a partner in a partnership, see
Form 4797 is used to report sales of
allowed on your original or an amended
the following instructions.
livestock held for draft, breeding, sport, or
2016 Form 1040-SS with respect to a
dairy purposes, and is attached to Form
qualifying child who didn't have an SSN,
Partnership Income or Loss
1040. This income is taxable, but isn't
ATIN, or ITIN by the due date of your 2016
subject to SE tax. You should check to see
Form 1040-SS (including extensions),
When figuring your total net earnings from
if this additional amount of gross income
even if that child later gets one of those
self-employment, include your share of
will require you to file Form 1040 instead
numbers.
partnership income or loss attributable to a
of Form 1040-SS.
trade or business and any guaranteed
Line 1
payments for services or the use of
Line 12
For purposes of figuring the additional
capital. However, if you were a limited
If you claim any car or truck expenses
child tax credit, you must report all of your
partner, include only guaranteed
(actual or the standard mileage rate), you
income derived from sources within
payments for services you actually
must provide the information requested in
Puerto Rico that is excluded from U.S. tax
rendered to or on behalf of the
Part V of Form 4562. Be sure to attach
because you were a bona fide resident of
partnership.
Form 4562 to your return.
Puerto Rico. This includes items such as
wages, interest, dividends, taxable
If you were a general partner, reduce
Line 34
pensions and annuities, and taxable social
lines 1a and 2 of Part V for any section
List your other expenses and the amounts
security benefits. Also include any profit or
179 expense deduction, oil or gas
on lines 34a through 34e. If you cannot
(loss) from Part III, line 36, and Part IV,
depletion, and unreimbursed partnership
enter all of the expenses on lines 34a
line 27. For more information on these and
expenses. Attach an explanation of these
through 34e, enter the first four expenses
other types of income to include on line 1,
deductions.
on lines 34a through 34d. On line 34e,
see the Form 1040 instructions. See Pub.
enter "Other" and the total of the expenses
570, for the rules to use in determining
If your partnership was engaged solely
not already included on lines 34a through
your Puerto Rico source income.
in the operation of a group investment
34d.
program, earnings from the operation
Line 2
aren't self-employment earnings for either
Part IV—Profit or Loss
Enter the amount of withheld social
the general or limited partners.
security, Medicare, and Additional
From Business (Sole
Medicare taxes from Puerto Rico Form(s)
If a partner died and the partnership
Proprietorship)
499R-2/W-2PR, boxes 18 and 20. If
continued, include in self-employment
married filing jointly, include your spouse’s
For assistance with Part IV (Profit or Loss
income the deceased partner's distributive
amounts with yours.
From Business (Sole Proprietorship)), see
share of the partnership's ordinary income
the 2016 Instructions for Schedule C
or loss through the end of the month in
Line 3
(Form 1040), Profit or Loss From
which he or she died. See section 1402(f).
Use the Additional Child Tax Credit
Business, and Pub. 334.
Worksheet to figure your additional child
If you were married and both you and
Line 7
tax credit. If your employer withheld or you
your spouse were partners in a
paid Additional Medicare Tax, see Form
If you claim any car or truck expenses
partnership, each of you must report your
8959, and the Instructions for Form 8959.
(actual or the standard mileage rate), you
net earnings from self-employment from
must provide the information requested in
the partnership. Each of you must
Part V of Form 4562. Be sure to attach
complete a separate Part V. If only one of
Form 4562 to your return.
you was a partner in a partnership, the
spouse who was the partner must pay SE
Instructions for Form 1040-SS (2016)
SS-7
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