Question

Raina W2 is filling out her Form 1040; her taxpayer questionnaire contains the following information. What schedules should be completed and attached to Form 1040?

a) Schedule A
b) Schedule B
c) Schedule C
d) Schedule D

Answer 1

The schedules that should be completed and attached to Form 1040 are Schedule A, Schedule B, Schedule C, and Schedule D.

Step-by-step explanation:

The schedules that should be completed and attached to Form 1040 are:

1. Schedule A: This is used to itemize deductions. It includes expenses such as medical and dental expenses, state and local taxes, mortgage interest, and charitable contributions.
2. Schedule B: This is used to report interest and dividend income. It includes information about the sources and amounts of interest and dividends received.
3. Schedule C: This is used to report income or loss from a business or profession. It includes information about the business or profession and details of the income and expenses.
4. Schedule D: This is used to report capital gains and losses. It includes information about the sale of investment property and the calculation of capital gains or losses.