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Prepared by Nay Charles, Tax Professional
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What tax forms do I need if I have:
1. A Job (Wages or Salary)
Form W-2: Issued by your employer to report your income and taxes withheld.
2. Self-Employment Income
Form 1099-NEC: For non-employee compensation.
Form 1099-K: For payments received through platforms like PayPal or Venmo (if applicable).
Schedule C (Form 1040): For reporting business income and expenses.
Schedule SE (Form 1040): For calculating self-employment tax.
3. Investment Income
Form 1099-DIV: For dividends and distributions.
Form 1099-INT: For interest income.
Form 1099-B: For the sale of stocks, bonds, or mutual funds.
Schedule D (Form 1040): For reporting capital gains and losses.
4. Retirement Income
Form 1099-R: For distributions from pensions, annuities, retirement accounts, or IRAs.
Form SSA-1099: For Social Security benefits received.
5. Rental Income
Schedule E (Form 1040): For reporting rental property income and expenses.
6. Education-Related Expenses or Income
Form 1098-T: For tuition and related expenses.
Form 1098-E: For student loan interest paid.
7. Health Insurance
Form 1095-A: For Marketplace health insurance coverage.
Form 1095-B/1095-C: For other health insurance coverage (if applicable).
8. Mortgage Interest or Property Taxes
Form 1098: For reporting mortgage interest paid.
9. Unemployment Benefits
Form 1099-G: For reporting unemployment compensation.
10. Childcare Expenses
Form W-10: For obtaining the caregiver’s tax ID number.
Form 2441 (Part of Form 1040): To claim the Child and Dependent Care Credit.
11. Charitable Contributions
Receipts or Letters: From charitable organizations.
Form 8283: For non-cash donations over $500.
12. Energy-Efficient Home Improvements
Receipts: For improvements like solar panels or insulation.
Form 5695: To claim residential energy credits.
13. State Taxes Paid
Form 1099-G: For a refund of state and local taxes (if itemized the previous year).
14. Business Ownership (LLC, Partnership, Corporation)
Form K-1: Issued by partnerships, LLCs, or S-corporations for reporting your share of income.
Form 1120/1120-S/1065: For filing business income taxes (if applicable).
15. Dependents
Social Security Numbers: For each dependent.
Form 8332: If claiming a child after a divorce.
16. Health Savings Account (HSA)
Form 1099-SA: For HSA distributions.
Form 5498-SA: For HSA contributions.
17. Miscellaneous Income
Form 1099-MISC: For other types of income not categorized elsewhere (e.g., prize money, royalties).
18. Debt Cancellation
Form 1099-C: For canceled or forgiven debt.
19. Gig Economy Work
Form 1099-NEC or 1099-K: From platforms like Uber, DoorDash, or Etsy.