IRS Schedule 1 Form 1040 - Line by Line Instructions & Examples

See the links below for more detailed tutorials on each line item.
Schedule 1 (Additional Income & Adjustments) is filed with a Taxpayer's Form 1040 to report other items of income and deductions that are not reported directly on Page 1 of Form 1040.
In this video, we walk through some of the most common Schedule 1 income items, and we have links below to more detailed tutorials.
Schedule C (Profit and Loss from Business)
- TurboTax Schedule C for Furniture Store: • TurboTax 2022 Form 104...
- TurboTax Schedule C Tutorial: • TurboTax 2022 Form 104...
- Schedule C Example: • Step-by-Step Guide on ...
Form 4797 (Sale of Business Property)
- Sale of Business Vehicles: • How to File IRS Form 4...
- Sale of Real Estate: • How to Complete IRS Fo...
- Nonrecaptured Section 1231 Losses: • How to File IRS Form 4...
- Section 1250 Recapture: • How to File IRS Form 4...
- Stock Trader MTM Election: • How to Complete IRS Fo...
Schedule E (Supplemental Income & Loss)
- TurboTax Royalty Income: • TurboTax 2022 Form 104...
- Record Unreimbursed Partnership Expenses: • How to Record your Unr...
Gambling Income and Losses (Form W-2G)
- How to Report Gambling Winnings & Losses: • How to Report Gambling...
- Gambling Winnings & Losses Example: • Form 1040 Gambling Win...
- Form 5754 Split Winnings: • IRS Form 5754 - How to...
Cancelled Debt Income (Form 1099-C)
- Form 982 Example for Excluded Debts: • IRS Form 1099-C Explai...
- Form 1099-C Cancelled Debt Exclusion: • Cancelled Debt Income ...
- S Corporation Debt Forgiveness: • S Corporation Debt For...
Form 1099-K Reporting for Personal Sales
- TurboTax Form 1099-K Losses: • TurboTax 2022 Form 104...
- TurboTax Form 1099-K Gains: • TurboTax 2022 Form 104...
- Tax Issues on Personal 1099-K Reporting: • U.S. Taxes on Sale of ...
- How to Report Personal Use Sale: • How to Report Form 109...
- Form 1099-K $600 Rules: • $600 Rule for 2022. F...
- IRS Suspends 1099-K Reporting: • IRS Suspends $600 Form...
Form 8889 Health Savings Accounts (HSA)
- TurboTax Form 8889 Tutorial: • TurboTax 2022 Form 104...
- How to Form 8889 Tutorial: • How to Complete IRS Fo...
Self-Employment Taxes (Schedule SE)
-Taxes on Partnership Income: • Do I Pay Self-Employme...
Self-Employed Health Insurance Deduction (Form 7206)
- IRS Form 7206 Tutorial: • IRS Form 7206 for Self...
- Health Insurance S Corp Shareholder: • How to Deduct Health I...
Penalty on Early Withdrawal of Savings Accounts
- Early Withdrawal on CD: • IRS Form 1099-INT: Ea...
Traditional IRA Contribution Deduction
- TurboTax Traditional IRA Contribution: • TurboTax 2022 Form 104...
- Backdoor Roth IRA: • What is the Backdoor R...
- Max IRA Contribution for 2021 & 2022: • Maximum Traditional IR...
- Form 8606 Nondeductible Contribution: • Step-by-Step Guide to ...
Student Loan Interest Deduction
- How to Record Form 1098-E: • How to Deduct Student ...
For a larger database of tutorials, please visit our website and search for your question:
knottlearning.com/
DISCLAIMER: The information provided in this video may contain information about tax, financial, and legal topics. Such materials are for informational purposes only and may not reflect the most current developments. These informational materials are not intended and should not be taken as tax, financial, or legal advice. You should contact an advisor to discuss your specific facts and circumstances. Self-help services may not be permitted in all states or jurisdictions. The use of these materials does not create an attorney-client or confidential relationship. This video does not include information about every topic or issue related to these informational materials.
#Form1040 #Schedule1 #TaxReturn

[@salpremiers]

Always very informative videos! Thank you

[@ssaxenacpa]

Thank you so very much for all the videos. They all are so thorough and in-depth. Could you please make a video on Tiered partnerships, if possible. Thanks again.