SCHEDULE 1(Form 1040)Department of the Treasury Internal Revenue ServiceAdditional Income and Adjustments to Income► Attach to Form 1040.► Go to www.irs.gov/Form1040 for instructions and the latest information.OMB No. 1545-00742018AttachmentSequence No. 01Name(s) shown on Form 1040Noah YobsYour social security number123-45-6789Additional Income1-9bReserved . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1-9b 10Taxable refunds, credits, or offsets of state and local income taxes . . . . . .10 11Alimony received . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .11 12Business income or (loss). Attach Schedule C or C-EZ . . . . . . . . . . . . . . .12 13Capital gain or (loss). Attach Schedule D if required. If not required, check here ► ◻13 14Other gains or (losses). Attach Form 4797 . . . . . . . . . . . . . . . . . . . . . . . .14 15aReserved . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .15b 16aReserved . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .16b 17Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .17fill in the blank 778444f99fe102c_5 18Farm income or (loss). Attach Schedule F . . . . . . . . . . . . . . . . . . . . .18 19Unemployment compensation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .19 20aReserved . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .20b 21Other income. List type and amount ►21 22Combine the amounts in the far right column. If you don't have any adjustments to income, enter here and include on Form 1040, line 6. Otherwise, go to line 23

A tax is a charge on the taxable income which is charged to the taxpayers on taxable income as per…

Answered: SCHEDULE 1 (Form 1040)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Question

SCHEDULE 1 (Form 1040) Department of the Treasury Internal Revenue Service	Additional Income and Adjustments to Income ► Attach to Form 1040. *► Go to www.irs.gov/Form1040* for instructions and the latest information.**	OMB No. 1545-0074
2018 Attachment Sequence No. 01

Name(s) shown on Form 1040 Noah Yobs	Your social security number 123-45-6789
Additional Income	1-9b	Reserved . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	1-9b
10	Taxable refunds, credits, or offsets of state and local income taxes . . . . . .	10
11	Alimony received . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	11
12	Business income or (loss). Attach Schedule C or C-EZ . . . . . . . . . . . . . . .	12
13	Capital gain or (loss). Attach Schedule D if required. If not required, check here ► ◻	13
14	Other gains or (losses). Attach Form 4797 . . . . . . . . . . . . . . . . . . . . . . . .	14
15a	Reserved . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	15b
16a	Reserved . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	16b
17	Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	17	fill in the blank 778444f99fe102c_5
18	Farm income or (loss). Attach Schedule F . . . . . . . . . . . . . . . . . . . . .	18
19	Unemployment compensation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	19
20a	Reserved . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	20b
21	Other income. List type and amount ►	21
22	Combine the amounts in the far right column. If you don't have any adjustments to income, enter here and include on Form 1040, line 6. Otherwise, go to line 23

Definition Definition Arrangement between two or more people whereby they agree to manage business operations and share its profits and losses in an agreed ratio. The agreement drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, and drawings of a partner.

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here