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Individual Income Tax Guide

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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-1 and statements attached to the K-1.

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-through entities by individuals are passive activities as defined in Code Section 469. The passive activity rules limit the deductibility of passive activity losses. Go to the Passive Activity Rules page for more information about these rules.

At-Risk Limits: Losses passed through to indviduals from interests in partnerships and S corporations may be limited by the at-risk rules of Code Section 465. See the At-Risk Limits page for more infomation about these rules

Line 18 – Farm Income (and Loss): Report your total farm income or loss as calculated on Schedule(s) F. See the instructions to Schedule F for more information.

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-G, Certain Government Payments, on this line. If you made contributions to a governmental unemployment compensation program and you are not itemizing deductions, reduce the amount you report on line 19 by those contributions. See the instructions on Form 1099-G if you are itemizing deductions  

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-1099 showing in box 3 the total social security benefits paid to you. Box 4 of that form will show the amount of any benefits you repaid in 2016. If you received railroad retirement benefits treated as social security, you should receive a Form RRB-1099.

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 - Figuring Your Taxable Benefits, from Publication 915.

Benefits for earlier recevied in 2015: If any of your benefits are taxable in 2016 and they include a lump-sum benefit payment that was for an earlier year, you may be able to reduce the taxable amount. See “Lump-Sum Election” in Publication 915 for details.

Chapter 2 – Income