© FTI Publishing, LLC 2013 -
Individual Income Tax Guide
Page 7: Form 1040, Line 17 to line 20
Line 17 – Rental Real Estate, Royalties, Partnerships, S Corporations, Trusts, Etc.: Report on line 17 the total of your gains and losses from your Schedule(s) E, Supplemental Income and Loss (Schedule E instructions). You use Schedule E to report income or loss from rental real estate, royalties, partnerships, S corporations, estates, trusts, and residual interests in REMICs. Your Schedule(s) E must be attached to your return.
The information necessary to fill out Schedule E for partnerships, S corporations, trusts generally should be provided to you by the entity on a Schedule K-
NOTE: Schedule E consists of three different sections for reporting the types of income discussed above and can be complicated. Frequently if you are required to fill out Schedule E, you will be required to fill out one or more other forms.
Passive Activity Rules: The rental real estate activities of most individuals and many activities owned through pass-
Line 19 – Unemployment Compensation: Report unemployment compensation you received on this line. The amount of your unemployment compensation should be reported to you in box 1 of Form 1099-
If you received an overpayment of unemployment compensation in 2016 and you repaid any of it in 2016, subtract the amount you repaid from the total amount you received and enter the result on line 19. Also, enter “Repaid” and the amount you repaid on the dotted line next to line 19. If, in 2016, you repaid $3,000 or less of unemployment compensation that you included in gross income in an earlier year, you can deduct the amount repaid on Schedule A, Itemized Deductions, line 23. But if you repaid more than $3,000, see Repayments in Publication 525, Taxable and Nontaxable Income, for details on how to report the repayment.
Lines 20a and 20b – Social Security Benefits (20a) and Taxable Amount (20(b): Report your total social security benefits on line 20(a) and the taxable amount of the benefits on line 20(b). You should receive a Form SSA-
To determine if any of your benegits are taxable, use the Social Security Benefits Worksheet , unless one of the exceptions below applies to you.
Exceptions: Do not use the Social Security Benefits Worksheet any of the following applies:
Use Worksheet 1 -
Benefits for earlier recevied in 2015: If any of your benefits are taxable in 2016 and they include a lump-
Chapter 2 – Income