H&R Block 2002 Income Tax Guide

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Contents Directory of Tables and Illustrated Forms Directory of Special Topics Foreword: The Form 1040 Family Finding Information in Your Guide How to Use Your Guide Commonly Asked Tax Questions Line-by-Line Overview of Form 1040 A Look at the Current Tax Scene What''s New for 2001 Looking Ahead to 2002 Tried and True Tax-Saving Ideas Most Overlooked Deductions Filled-In Form 1040 I. Taking Time to Organize Chart: Where to File Your Return 1 Determine If You Must File a Tax Return Gross Income Filing Requirements Other Filing Requirements Filing Requirements of Foreign Nationals 2 Decide Which Form to File Form 1040EZ Form 1040A Form 1040 Form 104ONR 3 Prepare and File Your Tax Return Step 1: Gather Your Tax Data Step 2: Set Up Your Worksheets Step 3: Complete Your Tax Forms Step 4: Review and Check Your Work File Your Tax Return II. Getting Started on Form 1040 Chart: Qualifying a Dependent 4 Fill In the Heading Completely and Accurately Heading Information Presidential Election Campaign Fund 5 Use the Most Favorable Filing Status Your Marital Status Married Taxpayers Married Filing Jointly Married Filing Separately Married, Qualifying as Unmarried Unmarried Taxpayers Single Head of Household Widow(er) With Dependent Child Flowchart: What Filing Status Should I Use? 6 Claim All of Your Personal and Dependent Exemptions Personal Exemptions Exemptions for Dependents Test 1: Gross Income Test 2: Support Test 3. Member of Household or Relationship Test 4: Citizenship or Residence Test 5: Joint Return Filled-In Dependency Support Worksheet III. Reporting Your Income On Form 1040 Chart: Where to Report W-2, 1098, and 1099 Items 7 Wages, Tips, and Other Compensation Employee Compensation Your Form W-2, Box by Box Figuring Your Wages and Withholding Tip Income 8 Interest Income Form 1099-INT Deposit Arrangements U.S. Savings Bonds Other Bond Interest Unstated Interest Exempt Interest Reporting Interest on Schedule B 9 Dividends Form 1099-DIV Ordinary Dividends Capital Gain Distributions Nontaxable Distributions Liquidation Distributions Stock Dividends and Rights Nondividend Dividends Reporting Dividends on Schedule B 10 State and Local Income Tax Refunds Form 1099-G State and Local Tax Refunds Filled-In State and Local Income Tax Refund Worksheet 11 Alimony Received Alimony Received Agreements Made or Modified After 1984 Pre-1985 Agreements Child Support Other Payments That Are Not Alimony 12 Business Income or Loss Schedule C-EZ Net Business Loss Completing Schedule C Self-Employment Tax Information Returns Filled-In Schedule C 13 Gains or Losses I Reporting Sales and Exchanges Bad Debts Sales and Exchanges of Securities Schedule-D Transactions Sale of Your Home Filled-In Schedule D 14 Gains or Losses II Selling Business Property Like-Kind Exchanges Filled-In Form 4797 Installment Sales Filled-In Form 8824 Involuntary Conversions Filled-In Form 6252 Filled-In Form 4684, Section B Flowchart: How to Use Form 4797 and Schedule D 15 Income From Retirement Plans Reporting Retirement Income Form 1099-R Penalty Taxes Distributions From Traditional IRAs Pensions and Annuities Lump-Sum Distributions Rollovers Between Retirement Plans Distributions From Employer Plans Distributions From Roth IRAs Distributions From Coverdell Education Savings Accounts 16 Rents, Royalties, and Other Schedule E Income Rents Gross Rental Income Rental Expenses Checklist of Rental Expenses Royalties Partnership Income S Corporation Income Estate and Trust Income At-Risk Limitations Passive Loss Limitations Real Estate Mortgage Investment Conduits Filled-In Worksheet for Supplemental Income Filled-In Schedule E 17 Farm Income or Loss Completing Schedule F Farm Income Farm Expenses Completing Form 4835 Self-Employment Tax Estimated Tax Filled-In Schedules F and SE 18 Unemployment Compensation Government Programs Supplemental Unemployment Benefits Other Types of Unemployment Benefits 19 Social Security and Tier 1 Railroad Retirement Benefits Form SSA-1099 Amount of Taxable Benefits Lump-Sum Payments Filled-In Social Security Worksheet 20 Other Income Taxable Other Income Exempt or Excludable Income IV. Deductions Related to Business, Rentals, or Employment Flowchart: Can You Deduct Home-Office Expenses? 21 Depreciation and Amortization Depreciable Property MACRS Property Listed Property Section 179 Expense Deduction Other Depreciable Property ACRS Property Amortization Filled-In Form 4562 Class Lives and Recovery Periods Tables MACRS Percentages Tables ACRS Percentages Tables Inclusion Amount Tables 22 Travel, Transportation, and Education Expenses Travel Expenses Meal and Entertainment Expenses Gifts Transportation Expenses Records of Business Expenses Education Expenses 23 Business Use of Your Home Qualifying for a Home-Office Deduction Computing Your Home-Office Deduction Where to Deduct Home-Office Expenses Filled-In Form 8829 V. Adjustments to Income List of Adjustments to Income 24 Your Individual Retirement Arrangement (IRA) Traditional IRAs When to Contribute Contribution Limits Deductible Contributions Roth IRAs Nondeductible Contributions to a Traditional IRA Rollovers Which IRA Option Is Right for Me? Converting a Traditional IRA to a Roth IRA 25 Deduction for Student Loan Interest How to Claim the Deduction Qualified Student Loan Deduction Limits 26 Medical Savings Accounts Medical Savings Accounts Eligibility Contributions Distributions Form 1099-MSA Form 8853 27 Moving Expenses Moving Expense Requirements When to Deduct Moving Expenses Identifying Your Deductible Moving Expenses 28 Adjust