Here is a checklist of items that you may need to complete your filing. Having your supporting documentation organized will save you time and make preparing your return more efficient. If you use a paid preparer, this could save you on fees.
Personal Data
•Social security numbers (including spouse and children) •Child care provider tax ID or SSN and address
Home and Rental Property Data
•Mortgage interest (from 1098) •Home equity loan interest •Real estate taxes paid •Sale of your home or other real estate (form 1099-S) •Rental Property income •Rental property expenses
Income Data
•W-2 Forms •Pensions and annuities documentation •Partnership and trust income •Jury Duty Pay •Alimony Received •State and local income tax refund •Scholarships and fellowships •Prizes and awards •Gambling and lottery winnings
Financial Assets and Liabilities
•Interest income statements (form 1099-INT & 1099-OID) •Dividend income statements (form 1099-DN) •Tax refunds and unemployment compensation (form 1099-G) •Proceeds from broker transactions (form 1099-B) •Miscellaneous income (form 1099-MISC) •Retirement plan distribution (form 1099-R) •Student loan interest paid •Early withdrawal penalties on CD’s
Home and Rental Property Data
•Mortgage interest (form 1098) •Home equity loan interest •Real estate taxes paid •Sale of your home or other real estate (form 1099-S) •Rental property income •Rental property expenses
Self-Employment Data
•K-1’s on all partnerships •Receipts and documentation for all business related expenses •Farm Income •Auto mileage log •Home office square footage
Expense Documentation
•Charitable donations •Unreimbursed business of volunteer work expenses •Child care expenses •Alimony paid •Tax Return preparation fees •Investment expenses •Education expenses •Job-hunting expenses •Adoption expenses •Moving expenses •Medical expenses
Deductions
•IRA, SEP, SIMPLE and other retirement plan contributions •Casualty and theft losses •Medical savings accounts •Energy Credit Expenditures
For more tips on filing your tax return, check out The Network Marketer's CPA.
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