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Take a look at the new "simplified" tax form 1040 and schedules

By
Industry Observer with Thomas G Rex CPA AZ CPA Certificate #1217

U.S. Individual Income Tax Return 

SCHEDULE 1 - Additional Income and Adjustments to Income

  • This is where you enter your business income and rental income from real estate, among other things.

SCHEDULE 2 - Tax

SCHEDULE 3 - Nonrefundable Credits

SCHEDULE 4 - Other Taxes

SCHEDULE 5 - Other Payments and Refundable Credits

  • This is where you enter - 2018 estimated tax payments and amount applied from 2017 return, among other things.

SCHEDULE 6 - Foreign Address and Third Party Designee

Comments (2)

Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417
HomeSmart Stars - Addison, TX
Real Service. Real Results. Real Estate

There's nothing "simple" about it unless you are a W-2 employee. 

Jan 22, 2019 03:00 PM
Tom Rex
Thomas G Rex CPA - Tucson, AZ
Tax Problem Resolution (IRS, States, US Tax Court)

And theses are only the top schedules. There are other forms behind those!

Jan 22, 2019 03:51 PM