Form 1040 Schedule 1 is used to report certain types of income and claim some tax deductions that aren't listed on the main 1040 form.
Part 1 of Schedule 1 reports the following types of income:
- Taxable refunds of state and local income taxes
- Alimony received (for divorce agreements dated before December 31, 2018)
- Income or loss from a business
- Gains or losses from sales of business property
- Rent and royalty income
- Income from a partnership, S corporation, or trust
- Farm income or loss
- Unemployment compensation
Part 2 of Schedule 1 reports these types of deductions:
- Up to $250 of unreimbursed expenses for educators who work in schools
- Business expenses of military reservists, performing artists, and fee-based government officials (the only qualifying professions for certain business deductions)
- Contributions to health savings accounts (HSAs)
- Moving expenses for members of the Armed Forces
- The deductible part of self-employment taxes
- Contributions to a SEP, SIMPLE, or qualified retirement plan
- Health insurance premiums for self-employed people
- Penalties on early withdrawals of savings
- Alimony payments (for divorce agreements dated before December 31, 2018)
- Contributions to an IRA
- Up to $2,500 of student loan interest
- Up to $4,000 of qualified higher education tuition and fees
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
