2018 _ Form 1040 _ Tax Returns - Laserfiche WebLink

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Name of person with self-employment income (as shown on Form 1040) Taxpayer Identification Number Enter the total amount paid in 2018 for health insurance coverage established under your business (or the S-corporation in which you were a more-than-2% shareholder) for 2018 for you, your spouse, and your dependents. Your insurance can also cover your child who was under age 27 at the end of 2018, even if the child was not your dependent. But do not For coverage under a qualified long-term care insurance contract, enter for each person covered the Add lines 1 and 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Enter your net profit* and any other earned income from the trade or business under which the insurance plan is established. Don't include Conservation Reserve Program payments exempt from Enter the total of all net profits* from: Schedule C, line 31; Schedule C-EZ, line 3; Schedule F, line 34; or Sch K-1 (1065), box 14, Code A; plus any other income allocable to the profitable businesses. Don't include Conservation Reserve Program payments exempt from self-employment tax. Don't include any net losses shown on these schedules. Divide line 4 by line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Subtract line 7 from line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Enter the amount, if any, from Schedule 1 (Form 1040), (or Form 1040NR), line 28 attributable to the same trade or business in which the health insurance plan is established . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Subtract line 9 from line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Enter your Medicare wages (Form W-2, box 5) from an S corporation in which you are a more-than-2% shareholder and in which the health insurance plan is established . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Enter the amount from Form 2555, line 45, attributable to the amount entered on line 4 or 11 above, or any amount from Form 2555-EZ, line 18, attributable to the amount entered on line 11 above . . . . . . . . . . . . . . . . . . Subtract line 12 from line 10 or 11, whichever applies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (or Form 1040NR), line 29. Don't include this amount in figuring any medical expense deduction on Schedule A Any advance monthly payments of the HCTC that your health plan administrator received from the 2018Self-Employed Health Insurance Deduction Worksheet Description Form/Schedule Unit number 1. 1. 2. 2. 3.3. 4. 4. 5. 5. 6.6. 8.8. 9. 9. 10.10. 11. 11. 12. 12. 13.13. 14.Self-employed health insurance deduction. Enter the smaller of line 3 or line 13 here and on Schedule 1 (Form 1040), 14. Form 1040 Any amounts paid from retirement plan distributions that were nontaxable because you are a retired public safety officer. Amounts for any month you were eligible to participate in a health plan subsidized by your or your spouse's employer or the employer of either your dependent or your child who was under the age of 27 at the end of 2018. smaller of the following amounts. a) Total payments made for that person during the year. b) The amount shown below. Use the person's age at the end of the tax year. $420 ----if that person is age 40 or younger $780 ----if age 41 to 50 $1,560 ----if age 51 to 60 $4,160 ----if age 61 to 70 $5,200 ----if age 71 or older Don't include payments for any month you were eligible to participate in a long-term care insurance plan subsidized by your or your spouse's employer or the employer of either your self-employment tax. If the business is an S Corporation, skip to line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.Multiply Schedule 1 (Form 1040), (or Form 1040NR), line 27, by the percentage on line 6 . . . . . . . . . . . . . . . . . . . . . .7. dependent or your child who was under the age of 27 at the end of 2018. If more than one person is covered, figure separately the amount to enter for each person. Then enter the total of those amounts * If you used either optional method to figure your net earnings from self-employment from any business, do not enter your net profit from the business. Instead, enter the amount attributable to that business from Schedule SE (Form 1040), Section B, line 4b. include the following. Any qualified health insurance coverage payments that you included on Form 8885, line 4, to claim Any payments for qualified long-term care insurance (see line 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . IRS, as shown on Form 1099-H, Health Coverage Tax Credit (HCTC) Advance Payments Any qualified health insurance coverage payments you paid for eligible coverage months for which you received the benefit of the HCTC monthly advance payment program. the HCTC or on Form 14095 to receive a reimbursement of the HCTC during the year. (Form 1040) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SHANON M LARIMER 302-86-8984 BUSINESS MARKETING CONSULT/BRANDING C 1 15,769 15,769 180,637 180,637 1.0000 10,380 170,257 34,000 136,257 136,257 15,769