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What forms do I need to file my income tax

 
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DMarkM1
Expert Alumni

What forms do I need to file my income tax

First, you will need income forms. For example, W2(s) from an employer(s), 1099-NEC if you are self-employed, 1099-Int if you have bank accounts earning interest, 1099-Div if you have investments that pay dividends, 1099-B if you sold stocks.  If you received money from a retirement account a 1099R.  Basically any form 1099 needs to be reported on your tax return. 

 

Next are any potential deductions.  If you own a home you will get a form 1098 showing any interest you paid.  If you were a student and paid tuition or interest on a student loan you should get a 1098.   

 

TurboTax will then ask you a series of questions and direct you to enter the information from any of those forms you may have received as well as expenses like medical out of pocket payments that you don't get a form for but you have the amounts.  Charitable donation amounts would also be entered.  

 

This year if you received third round of stimulus payments ($1400) you would get a letter 6475 from the IRS listing the amount you were issued.  TurboTax will ask you about that as well.  The purpose is to check on any missing amounts that you qualified for but didn't receive.  Those missing payments will be added to your return as a Recovery Rebate Credit.

 

   

 

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