Carol Harris, Ph.D, CPA, is a single taxpayer and she lives at 674 Yankee Street, Durham, NC 27409. Her Social Security number is 793-52-4335. Carol is an Associate Professor of Accounting at a local college. Carol's earnings and withholding from the college for 2012 are:

Earnings......................................$54,000

Federal income tax withheld.................8,800

State income tax withheld....................2,500

FICA tax of $2,268 and Medicare tax of $783 were also withheld from Carol's earnings. Carol's other income includes interest of $145 from a savings account at New England Bank and $450 of qualified dividends from Microsoft.

During the year, Carol paid the following amounts (all of which can be substantiated):

Home mortgage interest..............................................$6,300

Visa card interest.........................................................350

Auto insurance............................................................750

Property taxes on personal residence.................................2,650

Other medical expenses..................................................810

Charitable contributions (in cash) ....................................1,000

Carol had the following stock market transactions, all of which were reported on Form 1099-B, along with the basis of the stock sold:

In addition to being a professor at the local college, Carol maintains a CPA practice. Income and expenses from this activity are:
Fees from CPA practice (all paid by check)...........................$38,800
Office rent.....................................................................3,600
Supplies...........................................................................750
Computer tax service.........................................................1,200
Mileage (4,144 miles) .......................................................2,300
Client meals and entertainment.............................................2,740
Telephone.........................................................................975
Other expenses.................................................................1,400
Carol drove her car 20,000 miles in total, of which 5,000 miles were for commuting. Carol made 2012 estimated tax payments to the U.S. Treasury of $3,000 for each quarter.
Required:
Complete Carol's federal tax return for 2012. Use Form 1040, Schedule A, Schedule C, Schedule D, Form 8949, Schedule SE, and the worksheet on pages 9-47 through 9-59 to complete this tax return. Make realistic assumptions about any missing data.

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Stock Basis $3,600 S5,500 $8,500 AcquiredSold Price Trout Co. 04/05/0310 15/12 S6,000 Bass Co. 02/01/12 08/03/12 $7,000 Shark Co. 09/12/0410V15/12 $7,000 May I Use Short Schedule SE or Must I Use Long Schedule SE? Note. Use this flowchart only if you must file Schedule SE· lf unsure, see who Must File Schedule SE in the nstructions. Did you receive wages or tips in 2012 No Are you a minister, member of a religious arder, or Christian Bcience praettionar who recolved RS approval not to be axed on saminge from these tax on ofner eamings? Waa the sotad af your wagas and sps subjact to social security Yes or rairoad retirement er T tax plus your net eamings fron Yes ource, but anployment mone thon $110 100 Are you usng one of the cptonal methods to fgure your net oamings (bee instrucions that you did not report to your employe? Dd you ecate church emplayee income pee nstructon reported on Forn W-2 of $108 29 or more? No Did you report an wages on Form 8818 Uncollected Socis Yes Tax on Wages? Sacurity and Madica may use Short ScheduleSE belaw Yeu must uLong Schedule SE on page Section A-Short Schedule SE. Caution. Raad above to see if you can use Short Schedule SE. 1a Net farm profit or (oea) from Schedule F, line 34, and farm partnerships, Schedule K-1 Form b If you received sodal security retirement or disability benefits, enter the amount of Conservation Reserve 2 Net profit or (loss) from Schedule C, ine 31; Schedule C EZ, ine 3; Schedule K-1 (Form 1085), 1065), box 14, code A 1a Program paymerts included an Schedule F, ine 4b, ar isled an Schedule K-1 (Form 1065), box 20, cdeY 1b box 14, code A (other than farming): and Schodule K-1 (Form 1065-B), box 9, codo J1 Ministers and members of religious orders, see instructions for types of income to report on this line. See instructions for other income to report Combine lines 18, 1b, and 2 Mutiply lino 3 by 92.35% (.9235). If loss than $400, you do not owa solf-employment tax; do not file this schedule unless you have an amount on line 1b Note. If line 4 is less than $400 due to Conservation Reserve Program payments on line 1b, see instructions 3 4 5 Self-employment tex. If the amount on line 4 is $110,100 or less, multiply line 4 by 13.3% (133). Enter the nesult here and on Form 1040, line 58, or Form 1040NR, line 54 . More than $110.100, multiply ine 4 by 2.9% (.029). Then, add $11 .450.40 to the result Enter the total here and on Form 1040, line 56, or Form 1040NR, line 54 Deduation for employer-equivalent portion of self-employment tax If the amount on line 5 is * $14,64330 or lass, multiply line 5 by 57.51 % (.5751) * More than $14,643.30, multiply line 5 by 50% (50 and add $1,100 to the resut Enter the resuit here and on Form 1040, line 27, or Form 1040NR, line 27 For Paperwork Redntion Aet Notice, see your taw rohunm Instruptions Cat No. 113582 Attachment Sea ence№ 17 Social securRy number of peron Schedula EE (Fom 1040 2012 Page 2 Self-E Tax Note. If your only income subject to self-employment tax is church employee income, see instructions. Also see instructions for the definiion of church amployee income. A you are a minister, member ot a religious order, or Christian Science practitioner and you ned Form 4361, but you a Net farm profit or oss) from Schedule F, line 34, and farm partnerships, Schedule K-1 Form 1065) b If you neceived social securty retirement or disability benefits, enter the amount of Conservation Peserve 2 Net profit or (loss) from Schedule G, line 31; Schedule C-EZ, line 3: Schedule K-1 (Form 1065). had $400 or more of other nat oamings fron solf-emplayment, chack haro and continua with Part l box 14, code A. Note. Skip ines 1a and 1b if you use the farm optional method (see instructions) Program payments included on Schedule F, line 4b, or listed an Schadula K-1 Form 1065, box 20, codeY1b 1a box 14, code A (other than farningt and Schedule K-1 (Fam 1085-, box 9, oode J1 Ministers and members of religious orders, s8e instructions for types of income to report on his line. See instructions for other income to report. Note. Skip this line if you use the nonfarm optional method (see instructions) 3 Combine inas 1a. 1b, and 2 4a lf line 3 is more tan zero, multiply line 3 by 8235% (3235). Otherwise, enter amount from line 3 | 4a Note. If line 4a is less than $400 due to Conservation Reserve Program payments on line 1b, see instructions b If you elact one or both of the optional methods, enter the total of lines 15 and 17 here e Combine lines 4a and 4b. If less then $400, stop; you do not owe self-employment tax. 4b Exception. If less than $400 and you had church employee income, enter -0- and oontinue4c Enter your church employee income from Form W-2, See instructions for definition of church employee income Multiply line 5a by 92.35% (.9235), tf less than $100, enter-0- Oa 5a b 5b 7 Maximum amount of combined wages and sal-employment earnings subject to sociall security 110.100 0O tax or tho 42% portion of the 5.65% railroad retrement (tier 1b tax for 2012 Total social security wages and tips otal af boxes 3 and 7 on Forms) W-2) and rairoad retirement (ier 1) compensation f $110,100 or more, skip lines 8b through 10, and go to line 11 8a Urreported tips subject to social security tax (from Form 4137, line 108b Wages subject to social security tax tfrom Form 8919, line 10) 8G Add lines 8a, 8b, and 8c Subtract line 8d from line 7. If zero or less, enter-0-here and on line 10 and go to line 11 9 Multiply the smaller of ine B or line 9 by 10.4% (104) Multiply line 6 by 2.9% (.029) Self-employment tax. Add lines 10 and 11. Enter here and on Form 1040, line 56, or Form 1040NR, ine 54 12 8a b G d 8d 9 10 11 12 13 10 Deduction for emplcyer-equivalent portion of sell-employment tax. Add the two olloming amouts 59.6% (596 of line 10 One-half of line 11 Enter the result here and on Form 1040, line 27, or Form 1040NA, line 27 l Methods To Net Farm Optional Method. You may use this method only i (al your groes farm income' was not more than $6.780, or (b) your nat farm profits were less than $4,894. 4 Maximum income for optional methods 14 4520 00 15 Enter the amaller of: two-thirds P/) of gross fam income" (not less than zero) or $4,520. Albo Include this amount on line 4b above Nonfarm Optional Method. You may use this method only if (a) your net nontam proits were less than $4,894 and also less than 72.189% of your gross nontam income," and you had net earnings from self-employment of at least $400 in 2 of the prior 3 years, Caution. You may use this method no more than five times 16 Subtract Ine 15 from line 14 16 Part l Optional Methods To Figure Net Earnings (see instructions Farm Optional Method. You may use this method only i (a) your groes farm income' was not more than $6,780, or (b) your nat farm profits wera less than $4,894 14 4520 00 Maximum income for optional methods Enter the smaller of: two-thirds /) of gross farm income" inot less than zero) or $4,520. Albo include this amount on line 4b above 14 15 15 Nonfarm Optional Method. You may use tris method only if (a) your net nontaem proits were less than $4,894 and also less than 72.189% af your gross nntam income." and (bl you had net earings from self-employment of at least $400 in 2 of the prior3 years, Caution. You may use this method no more than fiwe times 16 Subtract line 15 from line 14 17 Erter the smallerof: two-thirds e/4 of gross nonfarm income,not less than zero or the Frem Sch. F, line 9, and Sch K-1 (Fom 1085), bax 14, eode B 16 amount on ine 16. Also include this amount on line 4b above 17 Frem Bch.C.line 31:8ch C-EZ, ine 3; Sch. K-1 Form 1065, boa 14, code A: and Sch K-1 Form 1085-BL bo code J1 From Sch, F,Ine 34, and Sch, K-1 Form 1045L box 14, code A-minus the amount you would have entered on line 1b had you not used the optiona From Sch, he7, Sch CEZ, Ene 1 Boh K-1 Fom 1056 C; and Sch. K-1 Form 1065-B bex Q, code J2 box 14, code 940 for 2012: Employer's Annual Federal Unemployment (FUTA) Tax Return Department of the Treasury-Inbermal Revence Service 850 112 CMB No 1545-0028 Type of Return Name jnat your trade Trade name any ם b. Successor employer to employees in d. Finat Business closed or stopped paying wages Instructions and priar-yaar foms are available at Read the seperale instructions before you complete this formi. Please type or print within the Part 1 Tell us about r return. If any line does NOTa leave it blank. 1a If you had to pay state unemployment tax in one state only, enter the state abbreviation. 1b If you had to pay state unemployment tax in more than one state, you are a multi-state Check here. employer b Complete Schedule A (Fom 940) 2 If you paid wages in a state that is subject to CREDIT REDUCTION Scheduie A Fom Determine your FUTA tax before adjustments for 2012. If any line does NOT apply,leave it blank. 3 Total payments to all employees 4 Payments exempt from FUTA tax Chack ali that apply: 4a Fringe benafits 4c Retirement /Pension4Othar b Group-term life insurance Dependent care 5 Total of payments made to each employee in excess of $7,000 6 Subtotal [lne 4 + line 5 = line 6 7 Total taxable FUTA wages (ine 3-lina 6 lina 7) (see instructions B FUTA tax before adjustments line .006-line B) Part 3: Determine your adjustments. If any line does NOT apply, leave it blank multiply line 7 by 054 ine 7 x 054-line . Go to ine 12 OR you paid ANY state unemployment tax late after the due date for fling Form 940, 9 ALL of the taxable FUTA wages you pald were excluded from state unemployment tax, 10 If SOME of the taxable FUTA wages you paid were excluded from state unemployment tax complete the worksheet in the instructions. Enter the amount from ine 7 of the worksheet 10 11 f credit reduction applies, enter the total from Schedule A (Form 940 Determine your FUTA tax and balance due or overpayment for 2012 If any line does NOT apply, leave it blank. 12 Total FUTA tax after adjustments (lnes 8+9 10+11-ine 12 12 3 FUTA tax deposited for the year, including any overpayment applied from a prior year 4 Balance due (lf line 12 is more than line 13, enter the excess on line 14 13 Determine your FUTA tax and balance due or overpayment for 2012 If any line does NOT apply, leave it blank Part 4: 12 Total FUTA tax after adjustments (lines 8+9 10+11-ine 12) 3 FUTA tax deposited for the year, including any overpayment applied from a prior year 12 13 14 Balance due(f line 12 is more than line 13, enter the excess on line 14 If ine 14 is more than $500, you must daposit your tax If line 14 is $500 or less, you may pay with this return. (see instructions 14 15 Apply to next retum, 5 Overpayment (It line 13 is more than line 12, enter tha excess on ine 15 and check a box below.j You MUST complete both pages of this form and SIGN it. Check one: □Send a refund. For Privacy Act and Paperwork Reduction Act Notice, see the back of Form 940-V. Payment Voucher. Ca. Na 112340 Form 940 001 850212 not your Part 5: r FUTA tax liabili if line 12 is more than $500. If to Part 6 16 Report th๑ amount of your FUTA tax liability for each quarter, do NOT enter the amount you deposited. If you had no liability for a quarter, leave the line blank 16a 1st quarter (January 1- March 31) 16b 2nd quarter (April 1-June 30) 16c 3rd quarter July 1 - September 30 16d 4th quarter (October 1 -Decamber 31) Total tax liability for the year 0ines 16a+18b+18c+18d-line 17) 17 16a 16b 16c 16d 17 Total must equal line 12 Part 6: Do you want to allow an employee, a paid tax preparer, or another person to discus8 this return with the IRS? See the instructions for details Yes. Designee's name and phone number Select a 5-digit Personal Identification Number (PIN) to use when talking to IRS No. Part Sign here. You MUST complete both pages of this form and SIGN it Under penalties of perjury, I declare that I have examined this return, including accomparnying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete, and that no part of any und claimed as a credit was, or is to be, deducted from the payments made to emplayees axpayer) is based on all information af which preparer has any knowledge made to a state unemployment n of preparer (ather than Print your name here Sign your Print your title here Best daytime phone Date Paid Preparer Use Only Check if you are selt-employed Preparer's name PTIN Preparer's Date Firm's name (or yours if self-employed EIN Preparer's name PTIN Preparer's signature Date Firm's name (or yours if self-employed EIN Address Phone City State ZIP code 940 g0121 itemized Deductions SCHEDULE A (Form 1040) Depertment of the T OMB No. 1545-0074 2011* Attach to Form 1040. ▶ See Instructions for Schodde A Form 1040). Intemal Revenue Service e No.07 Your social security number Caution Do not include expenses reimbursed or paid by others Medical and Dental Expenses 1 Medcal and dental expenees (see inetructione) 2 Enter amount from Form 1040, line38 2 Multiply line 2 by 75%(075) Subtract ine 3 from line 1. If line 3 is more than Eine 1, enter-0- State and local (check only one box): aIncome taxes, or b General sales taxes Real estate taxes (eee instructions) Personal property taxes Other taxes. List type and amount 3 4 Taxes You Paia 6 7 8 9 Add lines 5 through& Interest 10 Home mortgage interest and points epcrted to you an Form 1098 10 You Paid 11Home mortgage interest not reported to you on Form 1098. If paid to the person from whom you bought the home, see inetructions and show that person's name, identifying no, and address Your mortgage interest deduction may be Imited fo 12 Points not reported to you on Form 1098. See instructions for 13 14 15 special rules Mortgage insurance premiums (see instructions Investment interest Attach Form 4952 if required. (See instucions) Add lines 10 through 14 13 14 15 Gifts to 1 Gits by cash or check. If you made any git of $250 or more Charity f you made a 17 Other than by cash or check. If any gift of $250 or more, see git and gct a benefit for it, 18 Carryover from prior year aee instruc19 Add lines 16 through 18 Casualty and Theft Losses 20 Cesuelty or theft lose(es) Attach Form 4684. (See instructions.) Job Expenses 21 Unnaimbursed employee expanses-job travel, union dues, and Certain Miscellaneous (See instructions. Deductions 22 Tax preparation fees see instructions 16 instructions. You must attach Form 8283 if over $500 17 18 19 20 job education, eto, Attach Form 2108 or 2106-EZ if required 23 Other expenses-investment, safe deposit box, eta. List type and amount Casualty and Theft Losses 20 Cesuelty or theft lose(es), Attach Form 4684. (See instructions,) Job Expenses 21 Unnaimbursed employee expanses-job travel, union dues, 20 and Certain job education, eto, Attach Form 2108 or 2106-EZ if required (See instructions. Tax preparation fees Other expenses-investment, safe deposit box, eta. List type and amount Miscellaneous Deductions 21 22 23 23 24 Acd lines 21 through 23 25 Enter amount from Form 1040, line 38 25 25 Multiply line 25 by 296 (02) 27 Subtroct Inc 26 from linc 24. If linc 26 is mare than line 24, enter-0 28 Othar-from list in instructions. List type and amount 24 1 26 27 other Miscellaneous Deductions Total Itemized Deductions 30 If you elact to itemiza deductions even though they are less than your standard 28 29 Add the amounts in the far right column for Ines 4 through 28. Also, enter this amount on Form 1040, ine 40 29 deduction, check here Far Paarwark Reduction At Nation. Eno Farm 104Q instruatianL Ca Na. 1716 SCHEDULE C Form 1040) Profit or Loss From Business Bole Propristorahip For information on Schedule C and its instructions, go to www.irs.gov/schedulec Attach to Form 1040, 1040Nn cir 104 1; partnerships gonerally maat file Form soas. OMB Na. 1545-0074 2011* Sequence No. 09 Name of proprietor A Principal businoss or profossion, including produot or service eo instructions) C Business name. If no separate business name, leave blank Secial security number (BSN Business addreas noluding suite or room no.) F Accounting method: Gash Acrual 3Other (specty) G Did you "matorially parsoipate in the operaion of this businoss during 20117 If "No," see Instruotions for limit on losses H If you started or acquired this business during 2011, check here Did you maka ay paymerts in 2011 that would require you to fie Forma) 10007 (0e inatructions) Formms 1099 a Marchant card and third party payments. For 2011, enter-0- b Gross recepts or sales not entered on line 1a (see instructions) income reported to you on Form W-2 the .Statnery Employee" box on that fom was checked. Caution. See instr, beloee completing this ine d Total gross roocipts. Add Inos 1a through 1o 2 Reture and slowances plus any other adjustments (pee instructione 4 Cost cf goods sold (om ine 42) 5 Gross prolit Subtract line 4 from Iine 3 6 Other income, including federal and state gascline or fuel tax credit or refund see instructions) 7 Gross income. Add ines 5 and 8 Advertising 9 Car and truck expenses (see 18 Office expense see instructions 19 Pension and proft-sharing plans 18 10 11 12 13 Commissions and fees Contact labor (sso Instructions)1 Depleton Depreciation and section 179 axpense daduetion na ncluded in Part p (see a Vehicles machinery, and equipment 20a 21 Repairs and maintenance 22 Buppies (net included in Part 22 23 TaRs and licenses 24 Trarel, meals, and enteriainment 4 Employee benefit programs other than on line 19 b Deducbible meals and 5 Inurance fother than h15 16 Interest: 25 inies 26 Wages lless employment credits).26 27a Other expenees nom ine 48 a Morigage lpaid to banks,eta 103 b Oher 27a 28 Total expenses before esperses for business use ot home. Add Ines through 27a 29 Tentative profit or (os8). Sublract line 28 from ine 0 Expenses for business use of your home. Attach Form 8829. Do not roport such expenses elsewhere 31 Net profit or 0o Subtract line 30 from line 29 If a profit, enter on both Form 1040, line 12 for Form 1040NR, line 13 and on Schedule SE, line 2 lf you entered ฉา amour en ína 1 c, soe instr. Estabaa and trats, arter on Form 1041, line a loss, you must go to ine 32. 2 If you have a loss check the bax that describes your investment in this activity (see instructions) If you cheokod 32a, onter the loss on both Form 1040, line 12, jor Form 1040NR, line 13) and on Schedule SE, line 2 f you entered an amount on line 1G, see the instructons for line 31 Estates and trusts, enter on Form 1041, line 3 32aAll inveatmont is at riak 32b Some investment is not at risk For Paperwork Redwntion Act Notice, see your tax roum instruntions et. No. 11334 chediule Form 1440 201 33 Methodlsl Used to walue closing invantory.Cost Was there any change in datermining qartties, costs, α valuations between opening ard Closing inventory? If "Yes."attach explanaton b Lowor of oost or marko Othor (attach axplanation) 34 35 Inventory beginning of year. If dilarant from leat year's elosing inventory, attach explanation 36 Purohapes loss coot of itoms withdrawn for peraoinal uao 7 Coot of labor. Do not indlude any amounts paid to yourbelf 8 Materials and supplies Add linee 35 through 38 Inventory t end of year aold Subiraet line 41 oml Information on Your Vehicle. Complete this part only if you are claiming car or truck expenses on line 9 and are not required to file Fom 4582 for this business. See the instructions for line 13 to find out if you must file Form 4562 43 When did you plaoe your vehidle in service for business purposes? month, day, year 44 Of the toltal number of miles you drove your vehicle during 2011, enter the number of mles you used your vehicle for a Busine88 45 Was your vehicle available for personal use during off-duty hours? 48 Do you far your spouse) have another vehicle wailable for personal ue? 47a Do you have evidanoe to aupport your deduction? b Commuting isee instrucšons e Other YesN b If "Yes" is the evidenoe witon Other Expenses. List below not indluded on lnes 8-26 o 4 Total other expenoes, Enter here and on line 27a SCHEDULE D Form 1040) OMB No. 1545-0074 Capital Gains and Losses Attach to Form 1040 or Fonm 1040NR. See Instruotions for Schedule D (Foem 1040. Use Form 8949 to list your transactions for lines 1,2,3, &,s, and 10 Name) shown Your soclal security numbar PartI Short-Term Capital Gains and Losses-Assets Held One Year or Less Complete Forrn 8949 before completing line 1, 2, or 3. whole dolars. (e) Salas prioe tromnrAdiustments 1 8040, line2 Formi , This form may be easier to complete if you round off cents to 1 Short-term totals from all Forms 8949 with box A 2 Short-term totals from all Foms 8949 with box B 3 Short-term totals from all Foms 8949 with box C Form-48849 n. and checked in Part I checked in Part I checked in Part 4 Short-term gain from Form 6252 and short-term gain or (loss) from Forms 4684, 6781, and 8824 5 Net short-term gain or )from partnerships, S corporations, estates, and trusts from 6 Short-term capital loes carryover. Enter the amount, if any, from ine 8 of your Capital Loss Carryover Worksheet in the instructions 7 Net short-term capital gain or (loss). Combine lines 1 through 6 in column h. If you have any term capital or loeees, go to Part I below, Otherwise, go to Part Ill on the back PartILong-Term Capital Gains and Losses-Assets Held More Than One Year Complete Forrm 8049 before completing lina 8, 9, or 10 This form may be easier to complete if you round off cents to Forni, 9鳳 ()Sakes prios fhom n Cost or otherbasisoin or loas from h) Gain or whole dol lars. column 8 Long-tenm totals from all Forms 8949 with box A checked in Part 9 Long-term totals from al Forms 8949 with box B checked in Part I 10 Long-term totals from all Forms 8949 with box C checked in Part 1 11 Gain from Form 4797, Part E; long-lerm gain from Forms 2439 and 6252; and long-term gain or loss) from Forms 4684, 6781, and 8824 12 Net long-term gain or (oss) from partnerships, S corporations, estates, and trusts from Schedula(s) K-1 12 13 Capital gain distributions. See the instructions 13 14 Long-terrm capital loss carryover. Enter the amount, if any, from line 13 of your Capital Loss Carryover Workshoot in the instructions 14 15 Net long-term capital gain or (loss). Combine lines 8 through 14 in cokumn . Then go to Part ill on the back 15 For Papensork Reduction Ant Notice, see yoaur tor return inctruntinng 3chadule D (Fom 100 2011 Page 2 16 Combine lines 7 and 15 and enter the reault 16 If line 16 is a gain, enter the amount from line 16 on Form 1040, line 13, or Form 1040NR, line 14. Then go to line 17 below ine 22, 1040NA, line 14.Then go to line 22 If line 16 is a loss, skip lnes 17 through 20 below. Then go to lina 21. Also be sure to complate If line 18 is zero, skip lines 17 through 21 below and enter -D- on Form 1040, ine 13, or Form 7 Are lines 15 and 16 both gains? Yes, Go to line 18. No. Skip lnes 18 through 21, and go to line 22. 18 Enter the amount, if any, from line 7 of the 28% Rate Gain worksheet te instructions 19 Enter the amount, if any, from line 18 of the Unrecaptured Section 1250 Gain Worksheet in the 19 20 Are lines 18 and 19 both zaro or blank? Yes. Complete Form 1040 through line 43, or Form 1040NR through line 41. Then complata the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Form 1040 ine 44 (or in the instructions for Form 1040NR, line 42) Do not complete lines 21 and 22 below No. Complete Form 1040 through line 43, or Form 1040NR trough line 41 . Then complete the Schodule D Tax Worksheet in the instructions. Do not complete lines 21 and 22 below. 21 If line 16 is a loss, enter here and on Form 1040, line 13, or Form 1040NR, line 14, the smaller of 21 The lcss on line 16 or $3,000), or if married filing separately, (S1,500) Note. When figuring which amount is smaler, treat both amounts as positive numbers. 22 Do you have qualified dividends on Form 1040, line 9b, or Form 1040NR, line 10b? 凵Yes. Complete Form 1040 through line 4a or Form 1040NR through line 41. Then complete the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Form 1040 ine 44 for in the instructions for Form 1040NR, line 42). No. Complete the rest of Form 1040 or Fom 1040NR. Schedale D (Fom 10401 2011 8949Sales and Other Dispositions of Capital Assets MB No. 1545-0074 See Instructions for Schedule D (Form 1040). For more information about Form 8049, soo www.irs.goworm8949 Attach to Schedule D to Est your transaations for lines 1, 2, 3, 8, 9, and 10 2011 Anachrontio 12A Departnent of the Tsoaury Namels) shewn on retum Your social security number PartShort-Term Capital Gains and Losses-Assets Held One Year or Less Note: You must check one of the boxes below. Complete a separate Form 8949, page 1, for each box that is checked. Caution. Do not complete column (b) or (g) until you have read the instructions for thoee columns (see the Instructions for Schedule D (Form 1040 Columns (b) and ig) do not apply for most transactions and shold generally be left blank (A Short-tem transactions reported on (B) Short-term transactians reported on Form(C) Short-term transactions for which Form 1099-B with basis to the 1099-B but basis not reported to thel cannot check box A or lc) Deecription of property Code, i any De acquired Sales price ost or otherbas Adments to 2 Totals. Add the amounts in columne (e) and (), Also, combine the amounts in column g) Enter here and include on Schedule D, ine 1 ( box A above is decked. line 2 (if box B above is checked), or line 3 ( For Paperwork Redduction Act Notice, 9ee your tow rohum instructions Frm 8949 p Form 8049 2011) Namers shown on reum Do natenter name and soclal security number It shown on other side. rtchment Sequere № 12A Page2 Your soclal security number Part I Long-Term Capital Gains and Losses-Assets Held More Than One Year Note: You must check one of the boxes below. Complete a separate Fom 8949, page 2, for each box that is checked. Coution. Do not complete column (b) or (g) until you have read the instructions for those columns (see the Instructions for Schedule D(Form 1040 Columns (o) and ig) do not apply for most transactions and should generally be left blank A Long-term transactions reported on BLong-term transactions reported on Form(c) Long-term transactions for which Form 1099-B with basis reported to the IRS 1099-B but basis not reported to the IRS you cannot check box A or B Code, Hay,Dale nqd Dbod Galea pricDeat ar other baaiAdustmana to Examoles 100 4 Totals. Add the amounts in columns (e) and Also, combine the amounts in column gl Enter here and include on Schedule D, line 8 (t box A above is checked), line 9 f box B above is checked), or line 10 Fom 8949 01 SCHEDULE SE Form 1040) MB No. 1545-0074 Self-Employment Tax Iformalion about Schedule SE and its separate instructions is at www.is.govnom.10da Attach to Form 1040 or Form 1040NR Department of the Teasury Inlenal ReveruD Nema of person with self onployment inoome (osshown on Fom 104 No. 17 Social seaurity number of person Bafore you begin: To determine if you must file Schodule SE, see the instructions May I Use Short Schedule SE or Must I Use Long Schedule SE? Note. Use this flowchart only if you must file Schedule SE· lf unsure, see who Must File Schedule SE in the nstructions. Did you receive wages or tips in 2012 No Are you 귀 minister. member of 귀 roligous order, or Christian Bcience praettionar who recolved RS approval not to be axed Yes Was the bol of your wagas and tos subjact to social security Yes or rairoad retirement er T tax plus your net eamings fron ource, but anployment mone thon $110 100 tax on ofner eamings? Are you usng one of the cptonal methods to fgure your net oamings (bee instrucions that you did not report to your employe? Dd you ecate church emplayee income pee nstructon reported on Forn W-2 of $108.28 or morel? No Did you report an wages on Form 8818 Uncollected Socis Yes Tax on Wages? Sacurity and Madica may use Short ScheduleSE belaw Yeu must uLong Schedule SE on page Section A-Short Schedule SE. Caution. Raad above to see if you can use Short Schedule SE. 1a Net farm profit or (oea) from Schedule F, line 34, and farm partnerships, Schedule K-1 Form b If you received sodal security retirement or disability benefits, enter the amount of Conservation Reserve 2 Net profit or (loss) from Schedule C, ine 31; Schedule C EZ, ine 3; Schedule K-1 (Form 1085), 1065), box 14, code A 1a Program paymerts included an Schedule F, ine 4b, ar isled an Schedule K-1 (Form 1065), box 20, cdeY 1b box 14, code A (other than farming); and Schedule K-1 (Form 1065-Е), baK 9, code J1 Ministers and members of religious orders, see instructions for types of income to report on this line. See instructions for other income to report Combine lines 18, 1b, and 2 Multiply lino 3 by 92.35% (.9235). If loss than $400, you do not owa solf-employment tax; do not file this schedule unless you have an amount on line 1b Note. If line 4 is less than $400 due to Conservation Reserve Program payments on line 1b, see instructions. 3 4 1a Net farm profit or los) from Schedule F, line 34, and farm partnerships, Schedule K-1 Form 1065), box 14, code A 1a b If you received sodal security retirement or disability benefits, enter the amount of Conservation Reserve Program paymerts included an Schedule F, ine 4b, ar isled an Schedule K-1 (Form 1065), box 20, cdeY 1b 2 Net profit or (loss) from Schedule C, ine 31; Schedule C EZ, ine 3; Schedule K-1 (Form 1085), box 14, code A (other than farming): and Schodule K-1 (Form 1065-B), box 9, codo J1 Ministers and members of religious orders, see instructions for types of income to report on this line. See instructions for other income to report Combine lines 18, 1b, and 2 Multiply lino 3 by 92.35% (.9235). If loss than $400, you do not owa solf-employment tax; do not file this schedule unless you have an amount on line 1b Note. If line 4 is less than $400 due to Conservation Reserve Program payments on line 1b, see instructions. 3 5 Self-employment tex. If the amount on line 4 is * $110.100 or less, muliply line 4 by 13.3% (.133. Enter the naut here and on Form 1040, line 56, or Form 1040NR, line 54 * More than $110, 100, multiply ine 4 by 2.9% (.029). Then, add $11 .450.40 to the result Enter the total here and on Form 1040, line 56, or Form 1040NR, line 54 If the amount on line 5 is * $14,64330 or lass, multiply line 5 by 57.51 % (.5751) * More than $14,643.30, multiply line 5 by 50% (50 and add $1,100 to the resut Enter the resuit here and on Form 1040, line 27, or Form 1040NR, line 27 For Paperwork Redntion Aet Notice, see your taw rohunm Instruptions art Na. 113592 Attachnent Sequence No. 17 Social securRy number of peron EE Fom 1040 2012 Page 2 ncome SE Self-E Note. If your only income subject to self-employment tax is church employee income, see instructions. Also see instructions for the definiion of church amployee income. A It you are a minister, member of a religious ordar, or Christian Scienca practitioner and you filed Form 4361, but you a Net farm profit or oss) from Schedule F, line 34, and farm partnerships, Schedule K-1 Form 1065) b If you neceived social securty retirement or disability benefits, enter the amount of Conservation Peserve 2 Net profit or (loss) from Schedule G, line 31; Schedule C-EZ, line 3: Schedule K-1 (Form 1065). had $400 or mora of other net oamings from solf-emplayment, check haro and continua with Part box 14, code A. Note. Skip ines 1a and 1b if you use the farm optional method (see instructions) Program payments included on Schedule F, line 4b, or listed an Schadula K-1 Form 1065, box 20, codeY1b 1a box 14, code A (other than farningt and Schedule K-1 (Fam 1085-, box 9, oode J1 Ministers and members ot religious orders, see instructions for types of Income to report on his line. See instructions for other income to report. Note. Skip this line if you use the nonfarm optional method (see instructions 3 Combine inas 1a. 1b, and 2 4a lf line 3 is more tan zero, multiply line 3 by 8235% (.3235). Otherwise, enter amount from line 3 | 4a Note. If line 4a is less than $400 due to Conservation Reserve Program payments on line 1b, see instructions b If you elact one or both of the optional methods, enter the total of lines 15 and 17 here e Combine lines 4a and 4b If less then $400, stop: you do not owe self-employment tax. 4b Exception. If less than $400 and you had church employee income, enter -0- and oontinue4c Oa Enter your church employee income from Form W-2, See instructions for definition of church employee income b Multiply line 5a by 92.35% (.9236), tf less than $100, enter-0- 6 Add lines 4c and 5b 7 Maximum amount of combined wages and sal-employment earnings subject to sociall security 5b tax or tho 42% portion of the 5.65% railroad retrement (tier 1, tax for 2012 110.1 8a Total social security wages and tips otal af boxes 3 and 7 on Form(s) W-2) and railrosd retirement (ier 1 compensation f$110,100 or more, skip lines 8b through 10, and go to line 11 Ba b Urreported tips subject to social security tax (from Form 4137, line 10 8b G Wages subject to social security tax tfrom Form 8919, line 10) 8G d Add lines 8a, 8b, and 8c 8d 9 Subtract line 8d from line 7. If zero or less, enter-0-here and on line 10 and go to line 11 9 10 Multiply the smaller of ine 6 or line 9 by 10.4% (104) 11 Multiply line 6 by 2.9% (.029) 12 Self-employment tax. Add lines 10 and 11. Enter here and on Form 1040, line 56, or Form 1040NR, ine 54 12 13 Deduction for emplcyer-equivalent portion of sell-employment tax. Add the two olloming amouts 10 * 59.6% (596) of line 10. One-half of line 11 Enter the result here and on Form 1040, line 27, or Form 1040NR, line 27 13 Optional Methods To Figure Net E Farm Optional Method. You may use this method only i (al your groes farm income' was not more than $6.780, or (b) your nat farm profits were less than $4,894. 4 Maximum income for optional methods 14 4520 00 15 Enter the smaller of: two-thirds P/) of gross farm income" inot less than zero) or S4,520. Albo Include this amount on line 4b above Nonfarm Optional Method. You may use this method only if (a) your net nontam proits were less than $4,894 and also less than 72.189% of your gross nontam income," and you had net earnings from self-employment of at least $400 in 2 of the prior 3 years, Caution. You may use this method no more than five times 16 Subtract Ine 15 from line 14 16 Farm Optional Method. You may use this method only (al your groes farm income was not mare than $6.780, or (b) your nat farm profits were less than $4,894. 4 Maximum income for optional methods 14 15 Enter the smaller of: two-thirds P/) of gross farm income" (not less than zero) or S4,520. Albo Include this amount on line 4b above Nonfarm Optional Method. You may use this method only if (a) your net nontam proits were less than $4,894 and also less than 72.189% of your gross rontam income." and you had net earnings from self-employment of at least $400 in 2 of the prior 3 years, Caution. You may use this method no more than five times 16 Subtract Ine 15 from line 14 16 17 Enter the smaller of: two-thirds(of gross nonfarm incoma" (not less than zeroj or the amount on ine 16. Also include this amount on line 4b above 17 Frem Seh. F, line 9, and Sch K-1 (Fom 1085), bax 14, eode B From Sch, F,Ine 34, and Sch, K-1 Form 1005L box 14, code A-minus the Frem Seh Ac and Sch, K-1 Fom 1065-BL box & code J1 From Sch, G, ine 7, Sch C-EZ, ine1:8oh K-1 Form 1086 C; and Sch. K-1 Form 1065-B, box 0, code J2 1:Sch C-EZ, line 1065, box 14, coda emered on line 1 box 14, code Before you begin: See the instructions for line 44 on page 35 to see if you can use this worksheet to figure your If you do not have to fike Schedule D and you received capital gain distributions, be sure you tax checked the box on line 13 of Form 1040 1. Enter the amount from Form 1040, line 43. However, if you are filing Form 2555 or 2555-EZ (relating to foreign earned income), enter the amount from line 3 of the worksheet on page 36 2. Enter the amount from Form 1040, line 9b 3. Are you filing Schedule D? Yes. Enter the smaller of line 15 or 16 of Schedule D. If either line 15 or line 16 is a oss, enter -0- No. Enter the amount from Form 1040, line I3 4. Add lines 2 and 3 5. If filing Form 4952 (used to figure investment interest expense deduction), enter any amount from line 4g of 5. that form. Otherwise, enter-0 6. Subtract line 5 from line 4. If zero or less, enter -0 7. Subtract line 6 from line 1. If zero or less,enter -0 8. Enter $35,350 if single or married filing separately. $70,700 if married filing jointly or qualilying widow(er), $47,350 if head of household 9. Enter the smaller of line 1 or line 8 10. Enter the smaller of line 7 or line 9 11. Subiract line 10 from line 9. This amount is laxed at 0% 12. Enter the smaller of line 1 or line 6 13. Enter the amount from line 11 14. Subtract line 13 from line 12 15. Multiply line 14 by 15% (.15) 16. Figure the tax on the amount on line 7. If the amount on line 7 is less than $100,000, use the Tax 10. 14. 15, Table to figure this tax. If the amount on line 7 is $100,000 or more, use the Tax Computation 16. 17. Add lines 15 and 16 18. Figure the tax on the amount on line 1. If the amount on line 1 is less than $100,000, use the Tax Table to figure this tax. If the amount on line I is $100,000 or more, use the Tax Computation Worksheet 18 19. Tax on all taxable income. Enter the smaller of line 17 or line 18. Also include this amount on Form 1040, line 44. If you are filing Form 2555 or 2555-EZ, do not enter this amount on Form 1040, line 44. Instead, enter it on line 4 of the worksheet on page 36 19. "If you are fiting Form 2555 ar 2555 EZ see te fotnote in lhe worksheet on page 36 before completing this line.