2011 H&R Block At Home Lab Instructions, Whittenburg & Altus-Buller
Ch. 1 Bayan
First you need to install H&R Block At Home - install Premium.
Open H&R Block 2011, and update it.
Select the Start a Return button.
Select the Forms button, and select Show All Forms. Start by filling in a Background Worksheet,
found under Form 1040. Only fill in the information you have, but you will need to enter a date
of birth. Enter the occupation as a noun.
Select Close Form, and then fill in a W-2 Worksheet, found under Form 1040.
Close Forms Central. To choose a Form 1040EZ, select Tools/Do You Need 1040? Under the
third bullet, on the right, check the Form 1040EZ box.
Save the file by selecting File/Save from the menu.
Also save the tax return as a PDF file, so that you can look at the return outside of the software
program. Select File/Save As PDF. The software will save two returns - one For Filing and one
For Records. Review the Tax Return for Filing.
Select File/Exit to exit the program.
Don't be afraid to explore the program - you can't hurt anything!
Ch. 1 Lazo
Open H&R Block 2011, and update it.
Select the Start a Return button.
Select the Forms button, and select Show All Forms. Start by filling in a Background Worksheet,
found under Form 1040. Only fill in the information you have, but you will need to enter dates of
birth. Enter the occupations as nouns.
Select Close Form, and then fill in a Dependents Worksheet, found under Form 1040, for Lyle.
Enter a date of birth for Lyle so that he was 18 in 2011.
Select Close Form, and then fill in a W-2 Worksheet, found under Form 1040, for Leon.
Close Forms Central. To choose a Form 1040A, select Tools/Do You Need 1040? Under the
third bullet, on the right, check the Form 1040A box.
Save the file by selecting File/Save from the menu.
Then File/Save As PDF. The software will save two returns - one For Filing and one For
Records. Review the Tax Return for Filing.
Select File/Exit to exit the program.
Ch. 1 Boxer
Open H&R Block 2011, and update it.
Select the Start a Return button.
Select the Forms button, and select Show All Forms. Start by filling in a Background Worksheet,
found under Form 1040. Only fill in the information you have, but you will need to enter a date
of birth. Enter the occupation as a noun.
Select Close Form, and then fill out a Dependents Worksheet, found under Form 1040, for
Helen. Enter a date of birth for Helen so that she was 18 in 2011.
Select Close Form, and then fill in a W-2 Worksheet, found under Form 1040.
Boxer has some interest income, so you need to fill out a Form 1099-INT/OID. Select Close
Form, and open a Form 1099-INT/OID, found under Schedule B.
Close Forms Central. To choose a Form 1040A, select Tools/Do You Need 1040? Under the
third bullet, on the right, check the Form 1040A box.
Save the file by selecting File/Save from the menu.
Then File/Save As PDF. The software will save two returns - one For Filing and one For
Records. Review the Tax Return for Filing.
Select File/Exit to exit the program.
Ch. 1 Incisor
Open H&R Block 2011, and update it.
Select the Start a Return button.
Select the Forms button, and select Show All Forms. Start by filling in a Background Worksheet,
found under Form 1040. Only fill in the information you have, but you will need to enter dates of
birth. Enter the occupations as nouns.
Select Close Form, and then fill out a Dependents Worksheet, found under Form 1040, for Ira.
Enter a date of birth for Ira so that he was 17 in 2011.
Select Close Form, and then fill in a W-2 Worksheet, found under Form 1040, for Ivan.
The Incisors have some interest income, so you need to fill out a Form 1099-INT/OID. Select
Close Form, and open a Form 1099-INT/OID, found under Schedule B.
Close Forms Central.
This will be a Form 1040, so you don't need to choose the Form - Form 1040 is the default.
Save the file by selecting File/Save As from the menu. Name the return Ivan Incisor Ch 1 2011
Tax Return.
Then File/Save As PDF. The software will save two returns - one For Filing and one For
Records. Review the Tax Return for Filing.
Select File/Exit to exit the program.
Ch. 2 Hair
Open H&R Block 2011, and update it.
Select the Start a Return button.
Select the Forms button, and select Show All Forms. Start by filling in a Background Worksheet,
found under Form 1040. Only fill in the information you have, but you will need to enter dates of
birth. Enter the occupations as nouns.
Select Close Form, and then fill in a W-2 Worksheet, found under Form 1040, for each person.
The Hairs have some other types of income besides wages. You need to fill out a separate Form
1099-INT/OID for each interest amount, and a separate Form 1099-DIV for each dividend.
The interest from the City of St. Louis bonds is municipal, tax-exempt interest, so be sure to
enter it in the right spot.
Fill out a Form 1099-G, found under Form 1040, for the unemployment compensation.
Close Forms Central. To choose a Form 1040A, select Tools/Do You Need 1040? Under the
third bullet, on the right, check the Form 1040A box.
Save the file by selecting File/Save from the menu.
Then File/Save As PDF. The software will save two returns - one For Filing and one For
Records. Review the Tax Return for Filing.
The software will not generate a Qualified Dividends and Capital Gain Tax Worksheet as part of
the return, but you can view it if you'd like – open a Dividends/Capital Gain Worksheet.
Select File/Exit to exit the program.
Ch. 2 Gomez
Open H&R Block 2011, and update it.
Select the Start a Return button.
Select the Forms button, and select Show All Forms. Start by filling in a Background Worksheet,
found under Form 1040. Only fill in the information you have, but you will need to enter dates of
birth. Enter the occupations as nouns - look at their employers and be creative!
Select Close Form, and then fill in a W-2 Worksheet, found under Form 1040, for each person.
Fill out a Form 1099-INT/OID for the interest income and a W-2G Worksheet for the lottery
winnings.
To enter the alimony paid, open an Attachments Worksheet, found under Form 1040, and enter
the information on Page 2.
Close Forms Central.
This is a Form 1040, so you don't need to choose the Form - Form 1040 is the default.
Save the file by selecting File/Save from the menu.
Then File/Save As PDF. The software will save two returns - one For Filing and one For
Records. Review the Tax Return for Filing.
Select File/Exit to exit the program.
Ch. 2 Conch
Open H&R Block 2011, and update it.
Select the Start a Return button.
Select the Forms button, and select Show All Forms. Start by filling in a Background Worksheet,
found under Form 1040. Only fill in the information you have, but you will need to enter dates of
birth. The address for Conch and Duval includes an apartment number - find the special spot for
it. Enter the occupations as nouns - look at their employers and be creative!
Select Close Form, and then fill in a W-2 Worksheet, found under Form 1040, for Carl.
Fill out a Form 1099-INT/OID for the interest income, and a Form 1099-DIV for the dividend
income.
Fill out a Form 1099-G for the unemployment compensation, and a Form W-2G Worksheet for
the raffle prize.
Close Forms Central.
This is a Form 1040, so you don't need to choose the Form - Form 1040 is the default.
Save the file by selecting File/Save from the menu.
Then File/Save As PDF. The software will save two returns - one For Filing and one For
Records. Review the Tax Return for Filing.
Select File/Exit to exit the program.
Ch. 2 Incisor
Open H&R Block 2011, and update it.
From the menu, select File/Open Saved Return, and select Open for Ivan Incisor Ch 1 2011 Tax
Return.
The Incisors have more interest income, so fill out a separate Form 1099-INT/OID for each
interest amount. The interest from the Washington State bonds is municipal, tax-exempt interest,
so be sure to enter it in the right spot.
Also fill out a separate Form 1099-DIV for each dividend.
Fill out a Form 1099-G for the unemployment compensation and a W-2G Worksheet for the
gambling winnings.
To enter the alimony paid, open an Attachments Worksheet, found under Form 1040, and enter
the information on Page 2.
Close Forms Central.
This will be a Form 1040, so you don't need to choose the Form - Form 1040 is the default.
Save the file by selecting File/Save As from the menu. Name the return Ivan Incisor Ch 2 2011
Tax Return.
Then File/Save As PDF. The software will save two returns - one For Filing and one For
Records. Review the Tax Return for Filing.
The software will not generate a Qualified Dividends and Capital Gain Tax Worksheet as part of
the return, but you can view it if you'd like – open a Schedule D, and see the Schedule D Tax
Worksheet below line 22. The software will not generate a Schedule B because it is not required.
Select File/Exit to exit the program.
Ch. 3 Booth
Open H&R Block 2011, and update it.
Select the Start a Return button.
Select the Forms button, and select Show All Forms. Start by filling in a Background Worksheet,
found under Form 1040. Only fill in the information you have, but you will need to enter dates of
birth. Enter the occupations as nouns.
Select Close Form, and then fill in a Dependents Worksheet, found under Form 1040, for each of
Ken’s parents. Enter dates of birth for Ken's parents.
Select Close Form, and then fill in a W-2 Worksheet, found under Form 1040, for Ken and one
for Amy.
The Booths have some interest income, so you need to fill out a Form 1099-INT/OID.
For Schedule C, open a Schedule C and at the top, select Self or Spouse, depending on whether
you listed Amy as the taxpayer or as the spouse on the Background Information Worksheet.
Enter a description for A. For B, choose Retail Stores and Dealers, and for Code, choose Book
stores. For D, enter 99-9999999. For G, check yes. Check box 32a, 33a Cost and 34 No. Enter
the information and amounts.
For the NOL, enter it as a negative number on the Attachments Worksheet, found under Form
1040, on the Mini-Worksheet for Line 16.
For Amy's loss on the loan to her friend, open a Capital Gains and Losses Worksheet, found
under Schedule D. For 1, enter Non-Business Bad Debt as the Description. Enter 01/01/2011 for
the Date acquired and 12/31/2011 for the Date sold. Enter 0 for the Sales price and 20,000 for the
Cost.
To avoid the underpayment penalty, open a Form 2210 and check the box on line 7a.
Fill out a W-2G Worksheet for the gambling winnings.
Close Forms Central.
This is a Form 1040, so you don't need to choose the Form - Form 1040 is the default.
Save the file by selecting File/Save from the menu.
Then File/Save As PDF. The software will save two returns - one For Filing and one For
Records. Review the Tax Return for Filing.
In addition to the tax forms in the text, the software will generate a Form 1040-V and an
Attachments Worksheet.
Select File/Exit to exit the program.
Ch. 3 Long
Open H&R Block 2011, and update it.
Select the Start a Return button.
Select the Forms button, and select Show All Forms. Start by filling in a Background Worksheet,
found under Form 1040. Only fill in the information you have, but you will need to enter dates of
birth. Enter the occupations as nouns.
Select Close Form, and then fill in a Dependents Worksheet, found under Form 1040, for each of
the children. Enter dates of birth for the children.
The Longs have some interest income, so you need to fill out a Form 1099-INT/OID. Since the
amount of taxable interest is over 1,500, a Schedule B is required. Open a Schedule B, and in
Part III, on the Mini-Worksheet for Part III, check the N box for No.
For Russell’s Schedule C, fill in a description for A. For B, Business category is Prof'l,
Scientific, &Tech Svces, and the Code is Landscape architecture services. Check Yes for G, and
enter the income and expenses. Meals and entertainment go on the Mini-Worksheet for Meal and
Entertainment Expenses, line a. The Equipment rent goes on the Mini-Worksheet for Rental and
Lease Expenses for Vehicles, Machinery, and Equipment, line b. Check the box on line 32a.
For the home office, open a Form 8829, and in Part I enter the square footage on lines 1 and 2.
For Part II, on the Mini-Worksheet for Line 8 for Self-Employed, enter 100% on line 1a. Enter
the rent on line 18, second column, and the utilities on line 20, second column.
To record the estimated federal income tax payments, open the Background Worksheet, and for
line 5a, enter 4/15/2011 and the amount.
Close Forms Central.
This is a Form 1040, so you don't need to choose the Form - Form 1040 is the default.
Save the file by selecting File/Save from the menu.
Then File/Save As PDF. The software will save two returns - one For Filing and one For
Records. Review the Tax Return for Filing.
Select File/Exit to exit the program.
Ch. 3 Freeweights
Open H&R Block 2011, and update it.
Select the Start a Return button.
Select the Forms button, and select Show All Forms. Start by filling in a Background Worksheet,
found under Form 1040. Only fill in the information you have, but you will need to enter a date
of birth. Enter the occupation as a noun.
Select Close Form, and then fill in a Dependents Worksheet, found under Form 1040, for
Arnold. Enter a date of birth for Arnold.
Freeweights has some interest income, and you need to fill out a separate Form 1099-INT/OID
for each interest amount. Since the amount of taxable interest is over 1,500, a Schedule B is
required. Open a Schedule B, and in Part III, on the Mini-Worksheet for Part III, check the N box
for No.
For Freeweights' Schedule C, fill in a description for A. For B, Business category is Personal &
Laundry Services, and the Code is Other personal care services. Check Yes for G, and enter the
income and expenses. The Equipment rent goes on the Mini-Worksheet for Rental and Lease
Expenses for Vehicles, Machinery, and Equipment, line b. Check the box on line 32a.
For the home office, open a Form 8829, and in Part I enter the square footage on lines 1 and 2.
For Part II, on the Mini-Worksheet for Line 8 for Self-Employed, enter 100% on line 1a. Enter
the rent on line 18, second column, and the utilities on line 20, second column.
To record the estimated federal income tax payments, open the Background Worksheet, and on
5a, enter 4/15/2011 and the amount.
Close Forms Central.
This is a Form 1040, so you don't need to choose the Form - Form 1040 is the default.
Save the file by selecting File/Save from the menu.
Then File/Save As PDF. The software will save two returns - one For Filing and one For
Records. Review the Tax Return for Filing.
Select File/Exit to exit the program.
Ch. 3 Incisor
Open H&R Block 2011, and update it.
From the menu, select File/Open Saved Return, and select Open for Ivan Incisor Ch 2 2011 Tax
Return.
For Irene's Schedule C, fill in a description for A. For B, Business category is Retail Stores and
Dealers, and the Code is Automotive parts, accessories, & tire stores. Check Yes for G, and
check the box for H. Enter the income and expenses. Meals go on the Mini-Worksheet for Meal
and Entertainment Expenses, line a. Check the box on line 32a.
For Part III, Cost of Goods Sold, line 33, check box a Cost, and for line 34 check No.
To enter the information on the vehicle, open a Vehicle Worksheet, found under Form 4562. For
Part 1, line a, fill in the description and for line b, select Schedule C. For Part 2, line a, enter
9/1/2011, and for line d, enter 4. For f-2, enter 1,472, for g, enter 5,000, and for i, enter 17,000.
For Part 6, check line a. For Part 8, line c, check Standard mileage. And for Part 9, answer Y for
Yes for lines a, b, d and e.
Close Forms Central.
This will be a Form 1040, so you don't need to choose the Form - Form 1040 is the default.
Save the file by selecting File/Save As from the menu. Name the return Ivan Incisor Ch 3 2011
Tax Return.
Then File/Save As PDF. The software will save two returns - one For Filing and one For
Records. Review the Tax Return for Filing.
The software will not generate a Qualified Dividends and Capital Gain Tax Worksheet as part of
the return, but you can view it if you'd like - open a Schedule D, and see the Schedule D Tax
Worksheet below line 22. The software will not generate a Schedule B because it is not required.
Select File/Exit to exit the program.
Ch. 4 Bunge
Open H&R Block 2011, and update it.
Select the Start a Return button.
Select the Forms button, and select Show All Forms. Start by filling in a Background Worksheet,
found under Form 1040. Only fill in the information you have, but you will need to enter dates of
birth. The address includes an apartment number - find the special spot for it. Enter the
occupations as nouns.
Select Close Form, and then fill in a W-2 Worksheet, found under Form 1040, for Walter.
For Schedule E, open a Schedule E Rentals and Royalties Worksheet. In Part I, line 1a, enter the
State. Check the dwelling and second home boxes. In Part II, lines 1a and 1c, enter the days
rented and the days of personal use, and the software will be able to allocate the expenses for
you. In Part IV, check box 4 for active participation. In Parts V and VI, enter the income and
expenses in the first column. For interest, in Part VI, line 12a, right-click in the first amount
column, select Override, check the Override box, enter 4,800 and select OK. Enter the
Association Dues on line 19.
For the Bunges’ moving expenses, use Form 3903.
Close Forms Central.
This is a Form 1040, so you don't need to choose the Form - Form 1040 is the default.
Save the file by selecting File/Save from the menu.
Then File/Save As PDF. The software will save two returns - one For Filing and one For
Records. Review the Tax Return for Filing.
In addition to the tax forms in the text, the software will generate a Form 8582.
Select File/Exit to exit the program.
Ch. 4 Beeper
Open H&R Block 2011, and update it.
Select the Start a Return button.
Select the Forms button, and select Show All Forms. Start by filling in a Background Worksheet,
found under Form 1040. Only fill in the information you have, but you will need to enter a date
of birth. The address includes an apartment number - find the special spot for it. Enter the
occupation as a noun.
Select Close Form, and then fill in a W-2 Worksheet, found under Form 1040, for George.
Beeper has a rental, so open a Schedule E Rentals and Royalties Worksheet. For Part I, line 1a,
enter the address. Check the dwelling box. For Part II, line 1a, the days rented are 365. In Part
IV, check box 4 for active participation. In Parts V and VI, enter the income and expenses in the
first column.
For the rollover, open a 1099-R Worksheet, and enter 67,000 in box 1, and 0 in box 2a. In the
Rollovers section, Part D Other Rollovers, check box 1.
Close Forms Central.
This is a Form 1040, so you don't need to choose the Form - Form 1040 is the default.
Save the file by selecting File/Save from the menu.
Then File/Save As PDF. The software will save two returns - one For Filing and one For
Records. Review the Tax Return for Filing.
Select File/Exit to exit the program.
Ch. 4 Pate
Open H&R Block 2011, and update it.
Select the Start a Return button.
Select the Forms button, and select Show All Forms. Start by filling in a Background Worksheet,
found under Form 1040. Only fill in the information you have, but you will need to enter a date
of birth. Enter the occupation as a noun.
For the pension, open a 1099-R Worksheet, and enter 61,200 in box 1 and in box 2a. Enter the
7,350 federal income tax withheld in box 4.
Pate has a rental, so open a Schedule E Rentals and Royalties Worksheet. For Part I, line 1a,
enter the address. Check the dwelling box. For Part II, line 1a, the days rented are 365. In Part
IV, check box 4 for active participation. In Parts V and VI, enter the income and expenses in the
first column.
For the 401(k) distribution, open another 1099-R Worksheet, and enter 75,000 in box 1, and
25,000 in box 2a. (She only reinvested 50,000 of the 75,000 distribution.) Also enter the 15,000
federal income tax withheld in box 4, and in the Rollovers section, Part D Other Rollovers, enter
the 50,000 that was rolled over on line 2.
Close Forms Central.
This is a Form 1040, so you don't need to choose the Form - Form 1040 is the default.
Save the file by selecting File/Save from the menu.
Then File/Save As PDF. The software will save two returns - one For Filing and one For
Records. Review the Tax Return for Filing.
Select File/Exit to exit the program.
Ch. 4 Incisor
Open H&R Block 2011, and update it.
From the menu, select File/Open Saved Return, and select Open for Ivan Incisor Ch 3 2011 Tax
Return.
The Incisors have a rental, so open a Schedule E Rentals and Royalties Worksheet. For Part I,
line 1a, enter the address. Check the dwelling box. For Part II, line 1a, the days rented are 365. In
Part IV, check box 4 for active participation. In Parts V and VI, enter the income and expenses in
the first column.
For the IRA contributions, open an IRA Contribution Worksheet, and for Part B, line 2, enter
5,000 for Ivan and 5,000 for Irene.
For Irene's rollover, open a 1099-R Worksheet, and enter 24,000 in box 1 and 0 in box 2a. For 2b
check the Total Distrib box, and in the Rollovers section, Part D Other Rollovers, check box 1.
Close Forms Central.
This will be a Form 1040, so you don't need to choose the Form - Form 1040 is the default.
Save the file by selecting File/Save As from the menu. Name the return Ivan Incisor Ch 4 2011
Tax Return.
Then File/Save As PDF. The software will save two returns - one For Filing and one For
Records. Review the Tax Return for Filing.
The software will not generate a Qualified Dividends and Capital Gain Tax Worksheet as part of
the return, but you can view it if you'd like - open a Schedule D, and see the Schedule D Tax
Worksheet below line 22. The software will not generate a Schedule B because it is not required.
Select File/Exit to exit the program.
Ch. 5 Williams
Open H&R Block 2011, and update it.
Select the Start a Return button.
Select the Forms button, and select Show All Forms. Start by filling in a Background Worksheet,
found under Form 1040. Only fill in the information you have, but you will need to enter a date
of birth. Enter the occupation as a noun.
Select Close Form, and then fill in a W-2 Worksheet, found under Form 1040.
Williams has some interest income, so fill out a Form 1099-INT/OID. Since the amount of
taxable interest is over 1,500, a Schedule B is required. Open a Schedule B, and in Part III, on
the Mini-Worksheet for Part III, check the N box for No.
To enter the alimony paid, open an Attachments Worksheet, found under Form 1040, and enter
the information on Page 2.
Williams itemizes. For Schedule A, the real estate taxes can be entered directly on Schedule A,
on the Mini-Worksheet for Line 6, Real Estate Taxes, on line d i.
Enter the state and local sales taxes directly on Schedule A, on line b of the Mini-Worksheet for
Line 5, State and Local Sales Taxes. Check the box for line 5b.
Enter the medical expenses directly on Schedule A, on the Mini-Worksheet for Line 1, Medical
Expenses (Other than Mileage and Transportation).
Enter the income tax return preparation fee directly on Schedule A, on line 22.
For the charitable contributions, open a Charitable Donations Worksheet. In Part 1, on line 1a,
enter each charity name and amount, and for Type, select 50% limit.
Enter the home mortgage interest on the Home Mortgage Interest Worksheet. For Description of
property, enter Principal residence, and for Name of lender, enter Reno Bank & Trust. Answer
Yes to the question about paying this interest to a financial institution, and enter the amount in
Part A, on line 1.
Close Forms Central.
This is a Form 1040, so you don't need to choose the Form - Form 1040 is the default.
Save the file by selecting File/Save from the menu.
Then File/Save As PDF. The software will save two returns - one For Filing and one For
Records. Review the Tax Return for Filing.
Select File/Exit to exit the program.
Ch. 5 Jones
Open H&R Block 2011, and update it.
Select the Start a Return button.
Select the Forms button, and select Show All Forms. Start by filling in a Background Worksheet,
found under Form 1040. Only fill in the information you have, but you will need to enter a date
of birth. Enter the occupation as a noun.
Select Close Form, and then fill in a W-2 Worksheet, found under Form 1040.
Jones has some interest income, so fill out a Form 1099-INT/OID. Since the amount of taxable
interest is over 1,500, a Schedule B is required. Open a Schedule B, and in Part III, on the MiniWorksheet for Part III, check the N box for No.
You can enter Jones' alimony directly onto the Form 1040.
Jones itemizes. For Schedule A, enter the home mortgage interest on the Home Mortgage
Interest Worksheet. For Description of property, enter Principal residence, and answer Yes to the
question about paying this interest to a financial institution. Enter the amount in Part A, on line 1.
The real estate taxes can be entered directly on Schedule A, on the Mini-Worksheet for Line 6,
Real Estate Taxes, on line d i.
Enter the state and local sales taxes directly on Schedule A, on line b of the Mini-Worksheet for
Line 5, State and Local Sales Taxes. Check the box for line 5b.
Enter the medical expenses directly on Schedule A, on the Mini-Worksheet for Line 1, Medical
Expenses (Other than Mileage and Transportation).
Enter the income tax return preparation fee directly on Schedule A, on line 22.
On Schedule A, you have to combine the job-hunting expenses and the union dues amounts on
the Mini-Worksheet for line 21, on line b, but on line 21 itself, list each separately - description
and amount - in the description box.
For Jones' theft loss, open a Form 4684. Enter the event and the date occurred. For line 1 enter
the type of property, the location and the date acquired - make it up!
Close Forms Central.
This is a Form 1040, so you don't need to choose the Form - Form 1040 is the default.
Save the file by selecting File/Save from the menu.
Then File/Save As PDF. The software will save two returns - one For Filing and one For
Records. Review the Tax Return for Filing.
In addition to the tax forms in the text, the software will generate a blank Page 2 for Form 4684.
Select File/Exit to exit the program.
Ch. 5 Fuji
Open H&R Block 2011, and update it.
Select the Start a Return button.
Select the Forms button, and select Show All Forms. Start by filling in a Background Worksheet,
found under Form 1040. Only fill in the information you have, but you will need to enter a date
of birth. Enter the occupation as a noun.
Select Close Form, and then fill in a W-2 Worksheet, found under Form 1040.
Fuji has some interest income, so fill out a Form 1099-INT/OID.
To enter the alimony paid, open an Attachments Worksheet, found under Form 1040, and enter
the information on Page 2.
Fuji itemizes. For Schedule A, enter the home mortgage interest on the Home Mortgage Interest
Worksheet. For Description of property, enter Principal residence, and answer Yes to the
question about paying this interest to a financial institution. Enter the amount in Part A, on line 1.
The real estate taxes can be entered directly on Schedule A, on the Mini-Worksheet for Line 6,
Real Estate Taxes, on line d i.
Enter the state and local sales taxes directly on Schedule A, on line b of the Mini-Worksheet for
Line 5, State and Local Sales Taxes. Check the box for line 5b.
Enter the medical expenses directly on Schedule A, on the Mini-Worksheet for Line 1, Medical
Expenses (Other than Mileage and Transportation).
Enter the income tax return preparation fee directly on Schedule A, on line 22.
On Schedule A, you have to enter the job-hunting expense amount on the Mini-Worksheet for
line 21, on line b, but you enter the description on line 21 itself, in the description box.
For the charitable contribution, open a Charitable Donations Worksheet. In Part 1, on line 1a,
enter the charity name and amount, and for Type, select 50% limit.
For Fuji's theft loss, open a Form 4684. Enter the event and the date occurred. For line 1 enter
the type of property, the location and the date acquired - make it up!
Close Forms Central.
This is a Form 1040, so you don't need to choose the Form - Form 1040 is the default.
Save the file by selecting File/Save from the menu.
Then File/Save As PDF. The software will save two returns - one For Filing and one For
Records. Review the Tax Return for Filing.
The software will not generate a Schedule B or a Form 4684, because they are not required.
Select File/Exit to exit the program.
Ch. 5 Incisor
Open H&R Block 2011, and update it.
From the menu, select File/Open Saved Return, and select Open for Ivan Incisor Ch 4 2011 Tax
Return.
The Incisors itemize. For Schedule A, for the charitable contributions in cash, open a Charitable
Donations Worksheet. In Part 1, on line 1a, enter the charity name and amount, and for Type,
select 50% limit.
For the charitable contribution to the Salvation Army, open Noncash or Item Donations, and
enter the information in Part A, on lines 1 and 3. Enter the amount on line 5, and for line 6, select
Thrift shop value.
Enter the medical expenses directly on Schedule A, on the Mini-Worksheet for Line 1, Medical
Expenses (Other than Mileage and Transportation).
Ivan's student loan interest is an adjustment on Form 1040, not an itemized deduction. Open a
Form 1098-E, found under Form 1040, and answer No to the question at the top about another
claiming you as a dependent. Enter the amount on line 1, and check the box between line1 and
line 1a.
The investment interest can be entered directly on Schedule A. Check the box for Line 14: Form
4952 Not Needed? in the area above line 14, and enter the amount on Schedule A, line 14.
There are two home mortgage interest amounts - you can combine the amounts on one Home
Mortgage Interest Worksheet. For Description of property, enter Principal residence, and answer
Yes to the question about paying this interest to a financial institution. Enter the amount in Part
A, on line 1. Also enter the amount of the auto loan interest on Schedule A, in the Alternative
Minimum Tax (AMT) Adjustments area below line 13, on line a.
Enter the income tax return preparation fee directly on Schedule A, on line 22.
Enter the safe deposit box rental amount on the Mini-Worksheet for Line 23, on line a.
The real estate taxes can be entered directly on Schedule A, on the Mini-Worksheet for Line 6,
Real Estate Taxes, on line d i.
Enter the state and local sales taxes directly on Schedule A, on line b of the Mini-Worksheet for
Line 5, State and Local Sales Taxes. Check the box for line 5b.
On Schedule A, you have to enter the tooth polishing seminar expense amount on the MiniWorksheet for line 21, on line b, but you enter the description on line 21 itself, in the description
box. You don't need a Form 2106, because there is no travel, transportation, meals or
entertainment involved.
For the theft loss, open a Form 4684. Enter the event and the date occurred. For line 1 enter the
type of property, the location and the date acquired - make it up!
Close Forms Central.
This will be a Form 1040, so you don't need to choose the Form - Form 1040 is the default.
Save the file by selecting File/Save As from the menu. Name the return Ivan Incisor Ch 5 2011
Tax Return.
Then File/Save As PDF. The software will save two returns - one For Filing and one For
Records. Review the Tax Return for Filing.
In addition to the tax forms in the text, the software will generate a blank Page 2 for Form 4684.
The software will not generate a Qualified Dividends and Capital Gain Tax Worksheet as part of
the return, but you can view it if you'd like - open a Schedule D, and see the Schedule D Tax
Worksheet below line 22. The software will not generate a Schedule B because it is not required.
Select File/Exit to exit the program.
Ch. 6 Jasper
Open H&R Block 2011, and update it.
Select the Start a Return button.
Select the Forms button, and select Show All Forms. Start by filling in a Background Worksheet,
found under Form 1040. Only fill in the information you have, but you will need to enter dates of
birth. Don't forget their occupations - enter them as nouns.
Select Close Form, and then fill in a Dependents Worksheet, found under Form 1040, for Sam.
Enter a date of birth for Sam.
Select Close Form, and then fill in a W-2 Worksheet, found under Form 1040, for each of the
parents. Be sure to enter their state income tax withheld.
Select Close Form, and then to try for the Making Work Pay credit, open a Schedule M, and in
the Economic Recovery Payments section, select No for questions a and b.
For the interest income, fill out a Form 1099-INT/OID. Since the amount of taxable interest is
over 1,500, a Schedule B is required. Open a Schedule B, and in Part III, on the Mini-Worksheet
for Part III, check the N box for No.
The Jaspers itemize. For Schedule A, enter the home mortgage interest on the Home Mortgage
Interest Worksheet. For Description of property, enter Principal residence, and answer Yes to the
question about paying this interest to a financial institution. Enter the amount in Part A, on line 1.
The real estate taxes can be entered directly on Schedule A, on the Mini-Worksheet for Line 6,
Real Estate Taxes, on line d i.
For the state income taxes paid in 2011 (for 2010), open a State and Local Income Tax Payments
Worksheet and enter the amount in Part V, on line 9.
Open a Charitable Donations Worksheet and enter the amount of their contribution to the church.
Enter the medical expenses directly on Schedule A, on the Mini-Worksheet for Line 1, Medical
Expenses (Other than Mileage and Transportation).
The income tax return preparation fee can also be entered directly on Schedule A, on line 22.
For the union dues, on Schedule A, find the Mini-Worksheet for Line 21, Employee Business
Expenses (right above line 21), and enter the amount on line b. Enter the description in the
description box for line 21.
Close Forms Central.
To get the Child and Dependent Care Credit, rather than opening forms, go through a section of
the interview. Select Federal, and then Credits. Next to Child and Dependent Care Expenses,
select Go To. In the Child and Dependent Care Expenses window, select Next, and in the next
window select No and then Next. In the Child and Dependent Care Providers window, select
Add Provider, and then in the next window select My care provider is a business. Select Next
and make up a name and Tax ID# in one of the formats shown - 91-1111111 works. Enter the
expenses paid and select Next. In the next window confirm that Sam is checked and select Next.
In the next window confirm the care provider's information and select Next. In the next window
select Finished.
This will be a Form 1040, so you don't need to choose the Form - Form 1040 is the default.
Save the file by selecting File/Save from the menu.
Then File/Save As PDF. The software will save two returns - one For Filing and one For
Records. Review the Tax Return for Filing.
Select File/Exit to exit the program.
Ch. 6 Jackson
Open H&R Block 2011, and update it.
Select the Start a Return button.
Select the Forms button, and select Show All Forms. Start by filling in a Background Worksheet,
found under Form 1040. Only fill in the information you have, but you will need to enter a date
of birth. Enter the occupation as a noun.
Select Close Form, and then fill in a W-2 Worksheet, found under Form 1040. Be sure to enter
his state income tax withheld.
Jackson has some interest income, so fill out a separate Form 1099-INT/OID for each amount.
For the private activity bond interest, enter the amount in box 8 and in box 9. Since the amount
of taxable interest is over 1,500, a Schedule B is required. Open a Schedule B, and in Part III, on
the Mini-Worksheet for Part III, check the N box for No.
Jackson itemizes. For Schedule A, enter the home mortgage interest on the Home Mortgage
Interest Worksheet. For Description of property, enter Principal residence, and answer Yes to the
question about paying this interest to a financial institution. Enter the amount in Part A, on line 1.
For the state income taxes paid in 2011 (for 2008), open a State and Local Income Tax Payments
Worksheet and enter the information in Part V, on line 9.
The real estate taxes can be entered directly on Schedule A, on the Mini-Worksheet for Line 6,
Real Estate Taxes, on line d i.
Enter the medical expenses directly on Schedule A, on the Mini-Worksheet for Line 1, Medical
Expenses (Other than Mileage and Transportation).
You can enter the accounting fees on the Mini-Worksheet for Line 23, on line m.
Open a Charitable Donations Worksheet and for Part 1, on line 1a, enter each charity name and
amount. For Type, select 50% limit.
Close Forms Central.
This is a Form 1040, so you don't need to choose the Form - Form 1040 is the default.
Save the file by selecting File/Save from the menu.
Then File/Save As PDF. The software will save two returns - one For Filing and one For
Records. Review the Tax Return for Filing.
In addition to the tax forms in the text, the software will generate a blank Page 2 for Form 6251
and a Form 1040-V.
Select File/Exit to exit the program.
Ch. 6 Pham
Open H&R Block 2011, and update it.
Select the Start a Return button.
Select the Forms button, and select Show All Forms. Start by filling in a Background Worksheet,
found under Form 1040. Only fill in the information you have, but you will need to enter a date
of birth. Enter the occupation as a noun.
Select Close Form, and then fill in a W-2 Worksheet, found under Form 1040. Be sure to enter
his state income tax withheld.
Pham has some interest income, so fill out a separate Form 1099-INT/OID for each amount. For
the private activity bond interest, enter the amount in box 8 and in box 9. Since the amount of
taxable interest is over 1,500, a Schedule B is required. Open a Schedule B, and in Part III, on
the Mini-Worksheet for Part III, check the N box for No.
Pham itemizes. For Schedule A, enter the home mortgage interest on the Home Mortgage
Interest Worksheet. You can combine the two amounts on one worksheet. For Description of
property, enter Principal residence, and answer Yes to the question about paying this interest to a
financial institution. Enter the amount in Part A, on line 1. Also enter the interest on the home
equity loan used to purchase a Lexus on Schedule A, in the Alternative Minimum Tax (AMT)
Adjustments area below line 13, on line a.
The deductible portion of the California auto registration tax can be entered directly on Schedule
A, on the Mini-Worksheet for Line 7, Personal property Taxes, on line b.
For the state income taxes paid in 2011 (for 2010), open a State and Local Income Tax Payments
Worksheet and enter the information in Part V, on line 9.
The real estate taxes can be entered directly on Schedule A, on the Mini-Worksheet for Line 6,
Real Estate Taxes, on line d i.
Enter the medical expenses directly on Schedule A, on the Mini-Worksheet for Line 1, Medical
Expenses (Other than Mileage and Transportation).
You can enter the accounting fees on the Mini-Worksheet for Line 23, on line m.
Open a Charitable Donations Worksheet and for Part 1, on line 1a, enter each charity name and
amount. For Type, select 50% limit.
Close Forms Central.
This is a Form 1040, so you don't need to choose the Form - Form 1040 is the default.
Save the file by selecting File/Save from the menu.
Then File/Save As PDF. The software will save two returns - one For Filing and one For
Records. Review the Tax Return for Filing.
In addition to the tax forms in the text, the software will generate a blank Page 2 for Form 6251
and a Form 1040-V.
Select File/Exit to exit the program.
Ch. 6 Incisor
Open H&R Block 2011, and update it.
From the menu, select File/Open Saved Return, and select Open for Ivan Incisor Ch 5 2011 Tax
Return.
Fill out a new Form 1099-INT/OID for the private activity bond interest, and enter the amount in
box 8 and in box 9.
On Ivan's W-2 Worksheet, change the amount of federal income tax withholding.
Close Forms Central.
This will be a Form 1040, so you don't need to choose the Form - Form 1040 is the default.
Save the file by selecting File/Save As from the menu. Name the return Ivan Incisor Ch 6 2011
Tax Return.
Then File/Save As PDF. The software will save two returns - one For Filing and one For
Records. Review the Tax Return for Filing.
In addition to the tax forms in the text, the software will generate a blank Page 2 for Form 4684.
The software will not generate a Qualified Dividends and Capital Gain Tax Worksheet as part of
the return, but you can view it if you'd like - open a Schedule D, and see the Schedule D Tax
Worksheet below line 22. The software will not generate a Schedule B because it is not required.
Select File/Exit to exit the program.
Ch. 7 Hopson
Open H&R Block 2011, and update it.
Select the Start a Return button.
Select the Forms button, and select Show All Forms. Start by filling in a Background Worksheet,
found under Form 1040. Only fill in the information you have.
For Sherry's Schedule C, fill in a description for A. For B, Business category is Retail Stores and
Dealers, and the Code is Family clothing stores. For C, make up a name for the store, and for D
enter 95-1234321. Check Accrual for F, and check Yes for G. Enter the income and expenses.
For Part III, Cost of Goods Sold, line 33, check box a Cost, and for line 34 check No.
To enter the information on the vehicle for Form 4562, open a Depreciation Worksheet, found
under Form 4562. On line 1, enter the description, on line 2a, select Schedule C, and on line 2b,
select Copy 1. On line 3a, enter 6/1/2011, and on line 4a, select the type of asset. On line 8 a i,
enter the cost.
To enter the information on the desk and file cabinets for Form 4562, open another Depreciation
Worksheet. On line 1, enter the description, on line 2a, select Schedule C, and on line 2b, select
Copy 1. On line 3a, enter 6/1/2011, and on line 4a, select the type of asset. On line 8 a i, enter the
cost.
Open another Depreciation Worksheet for the computer. On line 1, enter the description, on line
2a, select Schedule C, and on line 2b, select Copy 1. On line 3a, enter 6/1/2011, and on line 4a,
select the type of asset. On line 8 a i, enter the cost.
Close Forms Central.
This is a Form 1040, so you don't need to choose the Form - Form 1040 is the default.
Save the file by selecting File/Save from the menu.
Then File/Save As PDF. The software will save two returns - one For Filing and one For
Records. Review the Schedule C and the Form 4562 in the Tax Return for Filing.
In addition to the tax forms in the text, the software will generate a Form 1040-V.
Select File/Exit to exit the program.
Ch. 7 Williams
Open H&R Block 2011, and update it.
Select the Start a Return button.
Select the Forms button, and select Show All Forms. Start by filling in a Background Worksheet,
found under Form 1040. Only fill in the information you have, but you will need to enter dates of
birth. Enter the occupations as nouns.
Select Close Form, and then fill in a W-2 Worksheet, found under Form 1040, for Larry.
Fill out a Form 1099-INT/OID for the interest income, and enter the early withdrawal penalty in
box 2.
The Williamses itemize. For Schedule A, enter the home mortgage interest on the Home
Mortgage Interest Worksheet. For Description of property, enter Principal residence, and answer
Yes to the question about paying this interest to a financial institution. Enter the amount in Part
A, on line 1.
The real estate taxes can be entered directly on Schedule A, on the Mini-Worksheet for Line 6,
Real Estate Taxes, on line d i.
Enter the medical expenses directly on Schedule A, on the Mini-Worksheet for Line 1, Medical
Expenses (Other than Mileage and Transportation).
The income tax return preparation fee can also be entered directly on Schedule A, on line 22.
For the contribution of the painting to the museum, open Noncash or Item Donations and fill in
the information for Part A. The property type for line 8 is Capital gain 30% limit. For Part D,
select No for all three questions, and fill in the information for Part E.
For the other three charitable contributions, open a Charitable Donations Worksheet and for Part
1, on line 1a, enter each charity name and amount. For Type, select 50% limit.
Enter the safe deposit box rental amount on the Mini-Worksheet for Line 23, on line a.
Enter the state and local sales taxes directly on Schedule A, on line b of the Mini-Worksheet for
Line 5, State and Local Sales Taxes. Check the box for line 5b.
The loss on the sale of the land is disallowed because it's a sale to a related party, and it's not
reported.
For the IRA contributions, open an IRA Contribution Worksheet and for part B line 2 enter 5,000
for Larry and 5,000 for Lisa.
Close Forms Central.
This is a Form 1040, so you don't need to choose the Form - Form 1040 is the default.
Save the file by selecting File/Save from the menu.
Then File/Save As PDF. The software will save two returns - one For Filing and one For
Records. Review the Tax Return for Filing.
In addition to the tax forms in the text, the software will generate a Form 8283.
The software will not generate a Schedule B or a Schedule D, because they are not required.
Select File/Exit to exit the program.
Ch. 7 Incisor
Open H&R Block 2011, and update it.
From the menu, select File/Open Saved Return, and select Open for Ivan Incisor Ch 6 2011 Tax
Return.
To remove the private activity bond interest income, open the Form 1099-INT/OID for that
interest and delete the form.
To enter the information on the building and land for Form 4562, open a Depreciation
Worksheet. On line 1, enter the description, on line 2a, select Schedule C, and on line 2b, select
Copy 1. On line 3a, enter 12/12/2011, and on line 4a, select the type of asset. On line 8 a i, enter
the total cost of the building and land, and on line 8 a ii, enter the cost of the land.
For the stock sales, open a Capital Gains and Losses Worksheet. Record the information on the
sale to Ivan's uncle. The loss on the sale of stock to Ivan's sister is disallowed because it's a sale
to a related party, and it's not reported.
Close Forms Central.
This will be a Form 1040, so you don't need to choose the Form - Form 1040 is the default.
Save the file by selecting File/Save As from the menu. Name the return Ivan Incisor Ch 7 2011
Tax Return.
Then File/Save As PDF. The software will save two returns - one For Filing and one For
Records. Review the Tax Return for Filing.
In addition to the tax forms in the text, the software will generate a Form 8949, page 1.
The software will not generate a Qualified Dividends and Capital Gain Tax Worksheet as part of
the return, but you can view it if you'd like - open a Schedule D, and see the Schedule D Tax
Worksheet below line 22. The software will not generate a Schedule B because it is not required.
The software will not generate a Form 4684 because the Incisors no longer have a deductible
casualty loss.
Select File/Exit to exit the program.
Ch. 8 Ramos
Open H&R Block 2011, and update it.
Select the Start a Return button.
Select the Forms button, and select Show All Forms. Start by filling in a Background Worksheet,
found under Form 1040. Only fill in the information you have, but you will need to enter a date
of birth. The software won’t accept the social security number given in the text, so change it to
576-23-5132. Enter the occupation as a noun.
Select Close Form, and then fill in a W-2 Worksheet, found under Form 1040. Be sure to enter
his state income tax withheld.
Ramos has interest and dividend income, so fill out a Form 1099-INT/OID and a Form 1099DIV. Since the amounts are over 1,500, a Schedule B is required. Open a Schedule B, and in Part
III, on the Mini-Worksheet for Part III, check the N box for No.
Ramos itemizes. For Schedule A, enter the home mortgage interest on the Home Mortgage
Interest Worksheet. For Description of property, enter Principal residence, and answer Yes to the
question about paying this interest to a financial institution. Enter the amount in Part A, on line 1.
The real estate taxes can be entered directly on Schedule A, on the Mini-Worksheet for Line 6,
Real Estate Taxes, on line d i.
Enter the medical expenses directly on Schedule A, on the Mini-Worksheet for Line 1, Medical
Expenses (Other than Mileage and Transportation).
The income tax return preparation fee can also be entered directly on Schedule A, on line 22.
For the charitable contribution, open a Charitable Donations Worksheet and for Part 1, on line
1a, enter the amount. For Type, select 50% limit.
For the stock sales, open a Capital Gains and Losses Worksheet and record the information for
each sale. Answer yes to the questions about Form 1099-B and box 3.
Close Forms Central.
This is a Form 1040, so you don't need to choose the Form - Form 1040 is the default.
Save the file by selecting File/Save from the menu.
Then File/Save As PDF. The software will save two returns - one For Filing and one For
Records. Review the Tax Return for Filing.
The software will not generate a Qualified Dividends and Capital Gain Tax Worksheet as part of
the return, but you can view it if you'd like - open a Schedule D, and see the Schedule D Tax
Worksheet below line 22.
Select File/Exit to exit the program.
Ch. 8 Kennedy
Open H&R Block 2011, and update it.
Select the Start a Return button.
Select the Forms button, and select Show All Forms. Start by filling in a Background Worksheet,
found under Form 1040. Only fill in the information you have, but you will need to enter a date
of birth. Enter the occupation as a noun.
Select Close Form, and then fill in a W-2 Worksheet, found under Form 1040. Be sure to enter
her state income tax withheld.
Kennedy has interest and dividend income, so fill out a Form 1099-INT/OID and a Form 1099DIV. Since the amount of taxable dividends is over 1,500, a Schedule B is required. Open a
Schedule B, and in Part III, on the Mini-Worksheet for Part III, check the N box for No.
For the state income taxes paid in 2011 (for 2010), open a State and Local Income Tax Payments
Worksheet, found under Schedule A, and enter the information in Part V, on line 9.
Kennedy itemizes. For Schedule A, enter the home mortgage interest on the Home Mortgage
Interest Worksheet. For Description of property, enter Principal residence, and answer Yes to the
question about paying this interest to a financial institution. Enter the amount in Part A, on line 1.
The real estate taxes can be entered directly on Schedule A, on the Mini-Worksheet for Line 6,
Real Estate Taxes, on line d i.
Enter the medical expenses directly on Schedule A, on the Mini-Worksheet for Line 1, Medical
Expenses (Other than Mileage and Transportation).
The income tax return preparation fee can also be entered directly on Schedule A, on line 22.
For the charitable contribution, open a Charitable Donations Worksheet and for Part 1, on line
1a, enter the amount. For Type, select 50% limit.
For the stock sale, open a Capital Gains and Losses Worksheet, found under Schedule D, and
record the information for the sale. Answer yes to the questions about Form 1099-B and box 3.
The sale of the land is an installment sale, so open a Form 6252. Enter the information for lines
1, 2a and 2b, and for line 3, select N for No. For Part I, enter the information for lines 5, 8 and
21. You don't need to enter any information on the note.
Close Forms Central.
This is a Form 1040, so you don't need to choose the Form - Form 1040 is the default.
Save the file by selecting File/Save from the menu.
Then File/Save As PDF. The software will save two returns - one For Filing and one For
Records. Review the Tax Return for Filing.
In addition to the tax forms in the text, the software will generate a blank Page 2 for Form 4684.
The software will not generate a Qualified Dividends and Capital Gain Tax Worksheet as part of
the return, but you can view it if you'd like - open a Schedule D, and see the Schedule D Tax
Worksheet below line 22.
Select File/Exit to exit the program.
Ch. 8 Incisor
Open H&R Block 2011, and update it.
From the menu, select File/Open Saved Return, and select Open for Ivan Incisor Ch 7 2011 Tax
Return.
For the securities sales, open the Capital Gains and Losses Worksheet and record the information
for each sale. Answer yes to the questions about Form 1099-B and box 3.
For the long-term capital gain distribution, open the Form 1099-DIV for the Mango mutual fund
and enter the amount in box 2a.
The sale of the land is an installment sale, so open a Form 6252. Enter the information for lines
1, 2a and 2b, and for line 3, select N for No. For Part I, enter the information for lines 5, 8 and
21. You don't need to enter any information on the note.
For the sale of the personal residence, open a Sale of Home Worksheet, found under Schedule D.
At the top, enter the dates acquired and sold. Since we don’t have the street address, just enter
Principal residence for the Description of home. Enter the information for lines 1 and 3a.
Close Forms Central.
This will be a Form 1040, so you don't need to choose the Form - Form 1040 is the default.
Save the file by selecting File/Save As from the menu. Name the return Ivan Incisor Ch 8 2011
Tax Return.
Then File/Save As PDF. The software will save two returns - one For Filing and one For
Records. Review the Tax Return for Filing.
The software will not generate a Qualified Dividends and Capital Gain Tax Worksheet as part of
the return, but you can view it if you'd like - open a Schedule D, and see the Schedule D Tax
Worksheet below line 22. The software will not generate a Schedule B because it is not required.
The software will not generate a Form 4684 because the Incisors no longer have a deductible
casualty loss.
Select File/Exit to exit the program.
Ch. 9 Harris
Open H&R Block 2011, and update it.
Select the Start a Return button.
Select the Forms button, and select Show All Forms. Start by filling in a Background Worksheet,
found under Form 1040. Only fill in the information you have, but you will need to enter a date
of birth. Enter the occupation as a noun.
Select Close Form, and then fill in a W-2 Worksheet, found under Form 1040. Be sure to enter
her state income tax withheld.
Harris has interest and dividend income, so fill out a Form 1099-INT/OID and a Form 1099DIV.
Harris itemizes. For Schedule A, enter the home mortgage interest on the Home Mortgage
Interest Worksheet. For Description of property, enter Principal residence, and answer Yes to the
question about paying this interest to a financial institution. Enter the amount in Part A, on line 1.
The real estate taxes can be entered directly on Schedule A, on the Mini-Worksheet for Line 6,
Real Estate Taxes, on line d i.
Enter the medical expenses directly on Schedule A, on the Mini-Worksheet for Line 1, Medical
Expenses (Other than Mileage and Transportation).
For the charitable contribution, open a Charitable Donations Worksheet and for Part 1, on line
1a, enter the amount. For Type, select 50% limit.
For the stock sales, open a Capital Gains and Losses Worksheet and record the information for
each sale. Answer yes to the questions about Form 1099-B and box 3.
For Schedule C, open a Schedule C and enter a description for A. For B, choose Prof'l,
Scientific, &Tech Svces, and for Code, choose Offices of certified public accountants. Make up a
business name and address. For G, check yes. Enter the information and amounts. Enter Client
meals and entertainment on the Mini-Worksheet for Meal and Entertainment Expenses, on line a.
To enter the information on the vehicle for Schedule C, open a Vehicle Worksheet, found under
Form 4562. For Part 1, line a, fill in the description and for line b, select Schedule C. For line c,
select Copy 1. For Part 2, line a, enter 1/1/2011, and for line d, enter 4. For line f, enter 4,510.
For line g, enter 5,000, and for line i, enter 20,000. For Part 5, check the box for line a. For Part
6, check the box for line a. For Part 8, line c, check the box for Standard mileage. And for Part 9
answer Y for Yes for lines a, b, c, d and e.
To record the estimated federal income tax payments, open the Background Worksheet, and for
line 5a, enter 3,000 for 4/15/2011, 6/15/2011, 9/15/2011 and 1/15/2012.
Close Forms Central.
This is a Form 1040, so you don't need to choose the Form - Form 1040 is the default.
Save the file by selecting File/Save from the menu.
Then File/Save As PDF. The software will save two returns - one For Filing and one For
Records. Review the Tax Return for Filing.
The software will not generate a Qualified Dividends and Capital Gain Tax Worksheet as part of
the return, but you can view it if you'd like - open a Schedule D, and see the Schedule D Tax
Worksheet below line 22. The software will not generate a Schedule B or Page 2 of Schedule SE,
because they are not required.
Select File/Exit to exit the program.
Ch. 10 J&S Barbers
This is a partnership return, so you need to use H&R Block At Home, Business - install
Business.
Open H&R Block Business 2011, and update it.
Select Create a new return, and select Next.
Select Partnership return, and select Next.
Select Whole Form, and enter the information for A, B and C. For C, select the JumpTo Linked
Field box to the right, and for Select a principal activity, use the drop list to select Other
Services. Then check the code for Barber Shops under Personal and Laundry Services. To return
to the Form 1065, select Close Form, Return to Interview, and then Whole Form.
Enter the partnership name and address, and enter the information for D - use 91-6767676 for the
employer identification number. For E, enter 1/1/2011, and for G, select (1) Initial return. For H,
select (2) Accrual.
Now you're ready to enter the amounts for income and deductions. Enter gross income on line
1b.
For salaries, select the JumpTo Linked Field box for line 9 and enter the amount on line 1.
Return to the Form 1065. Enter the rent on line 13, and for line 14, select the JumpTo Linked
Field box and enter the amount on the line for payroll tax. Return to the Form 1065.
To enter the depreciation, begin entering the amount on line 16a. The Calculated Field dialog
box will open, and select Override. Then you can finish entering the amount. The area will turn
pink because of the override.
To enter the amount for supplies, select the JumpTo Linked Field box for line 20 and enter the
amount on the line for supplies. Return to the Form 1065 and review page 1.
From the tabs at the bottom of the window, select 2 for page 2. For Schedule B, check box 1a for
Domestic general partnership. For 3a, select No, and for 3b, select Yes.
Now you're ready to enter the information for the two partners for Schedule B-1. Select Close
Form, and at the top, under the Federal tab, select Sch K-1. The Take Me To... dialog box will
open, and select Go To...
Select Whole Form, and at the bottom, select the Input tab. Notice the number 1 at the top, for
the first record - the first partner. Enter the name, social security number and address for Emily
Jackson. In the Percentages section, enter 50 for Profit. For G, select General partner. For I,
select Active Individual. For J, in column i, override all three percentages to zero. For K, enter 0
for Qualified nonrecourse financing, and 25,875 for Other. For L, enter 20,000 for (b) Capital
contributed during year (cash), and 80,000 for (d) Withdrawals and distributions (cash).
At the top, select Add New Record and enter the name, social security number and address for
James Stewart. In the Percentages section, enter 50 for Profit. For G, select General partner. For
I, select Active Individual. For J, in column i, override all three percentages to zero. For K, enter
0 for Qualified nonrecourse financing, and 25,875 for Other. For L, enter 20,000 for (b) Capital
contributed during year (cash), and 80,000 for (d) Withdrawals and distributions (cash).
Now select the Global Info tab at the bottom. Under K-1 Options, for L, select Tax Basis. Select
Close Form.
At the top, under the Federal tab, select Company. The Take Me To... dialog box will open.
Highlight Details for Schedule B, Line 3b, and select the Go To button. Select Whole Form, and
then, in the Select Partner Name column, select Emily Jackson. On the next line, select James
Stewart. Select Close Form.
At the top, under the Federal tab, select Company. The Take Me To... dialog box will open.
Select the Go To button, and then select Whole Form.
From the tabs at the bottom of the window, select 2 for page 2. For lines 4a and 4b, select No.
From the tabs at the bottom of the window, select 3 for page 3. Select No for lines 5, 6d, 7, 8, 9,
10, 11, 12a, 12b, 12c, 14 and 18a.
From the tabs at the bottom of the window, select 4 for page 4. To enter the information about
the capital loss, select the JumpTo Linked Field box for line 9a. Enter 1/1/2000 for the date
acquired and 1/1/2011 for the date sold. Enter 0 for the sales price and 2,000 for the cost. Return
to the Form 1065.
From the tabs at the bottom of the window, select 4 for page 4. To enter the information about
the charitable contributions, select the JumpTo Linked Field box for line 13a, and enter the
amount for line A. Return to the Form 1065.
From the tabs at the bottom of the window, select 4 for page 4. Select the JumpTo Linked Field
box for line 19a, and enter 160,000 on line A, Distributions of cash. Return to the Form 1065.
From the tabs at the bottom of the window, select 5 for page 5. For Schedule L, select the
JumpTo Linked Field for line 1, column (d). Select Sch L – Balance Sheet, and in the Ending
column, enter the amounts for cash on line 1, accounts receivable on line 2a, equipment on line
9a, accumulated depreciation on line 9b, accounts payable on line 15, and notes payable on line
19b.
Save the file by selecting File/Save Return from the menu. Then back it up by selecting
File/Backup Return...
To save the return in PDF format, select File/Print... from the menu, and then select the PDF
icon. In addition to the tax forms in the text, the software will generate an Error Report, an
Override and Estimate Report, a K-1 Statement for each partner, a Schedule B-1, a Schedule D
and three pages of supplementary information. Review the tax return.
Ch. 11 Olive - C Corporation
Open H&R Block Business 2011, and update it.
Select Create a new return, and select Next.
Select C corporation return, and select Next.
Select Whole Form, and enter the name of the corporation.
For C, enter 1/1/2011, and for E, select (1) Initial return.
Now you're ready to enter the amounts for income and deductions. To enter gross income, begin
entering the amount on line 1a. The Override Field dialog box will open, and select Override.
Then you can finish entering the amount. The area will turn pink because of the override.
To enter the dividends, select the JumpTo Linked Field box for line 4, and for Schedule C, enter
the amount on line 1, in column (a). To return to the Form 1120, select Close Form, Return to
Interview, and then Whole Form.
To enter the cost of goods sold, begin entering the amount on line 2. The Calculated Field dialog
box will open, and select Override. Then you can finish entering the amount. The area will turn
pink because of the override.
To enter the compensation of officers, begin entering the amount on line 12. The Calculated
Field dialog box will open, and select Override. Then you can finish entering the amount. The
area will turn pink because of the override.
For salaries, select the JumpTo Linked Field box for line 13 and enter the amount on line 1.
Return to the Form 1120. Enter the repairs on line 14 and the bad debts on line 15. For line 17,
select the JumpTo Linked Field box and enter the amount on the line for payroll tax. Return to
the Form 1120.
To enter the depreciation, begin entering the amount on line 20. The Calculated Field dialog box
will open, and select Override. Then you can finish entering the amount. The area will turn pink
because of the override.
Enter the advertising on line 22. To enter the estimated federal income tax payments, select the
JumpTo Linked Field box for line 32. Scroll down to Schedule J Part II and begin entering the
amount on line 13. The Calculated Field dialog box will open, and select Override. Then you can
finish entering the amount. The area will turn pink because of the override. Return to the Form
1120.
Notice that the federal income tax on line 31 is 3,150, and that there is an 850 overpayment on
line 35. Enter 850 on line 36 to credit the overpayment to 2012 estimated tax.
From the tabs at the bottom of the window, select 3 for page 3.
For Schedule K, line 1, select box b, Accrual. Select No for lines 3 and 4a, and select Yes for
line 4b.
From the tabs at the bottom of the window, select 4 for page 4. Select No for lines 5a, 5b, 6 and
7. Enter 2 on line 10. Select No for lines 13 and 14, and select Yes for lines 15a and 15b.
From the tabs at the bottom of the window, select 5 for page 5.
For Schedule L, select the JumpTo Linked Field for line 1, column (d). Select Sch L – Balance
Sheet, and in the Ending column, enter the amounts for cash on line 1, accounts receivable on
line 2a, inventory on line 3, equipment on line 10a, accumulated depreciation on line 10b,
accounts payable on line 16, note payable on line 20, and common stock on line 22b.
Save the file by selecting File/Save Return from the menu. Then back it up by selecting
File/Backup Return...
To save the return in PDF format, select File/Print... from the menu, and then select the PDF
icon. In addition to the tax forms in the text, the software will generate a two-page Error Report,
a two-page Override and Estimate Report and four pages of supplementary information. Review
the tax return.
Ch. 11 Olive - S Corporation
Open H&R Block Business 2011, and update it.
Select Create a new return, and select Next.
Select S corporation return, and select Next.
Select Whole Form, and for A, enter 1/1/2011. Enter the name of the corporation.
For E, enter 1/1/2011, and for G, select Yes.
Now you're ready to enter the amounts for income and deductions. To enter gross income, begin
entering the amount on line 1a. The Override Field dialog box will open, and select Override.
Then you can finish entering the amount. The area will turn pink because of the override.
To enter the cost of goods sold, begin entering the amount on line 2. The Calculated Field dialog
box will open, and select Override. Then you can finish entering the amount. The area will turn
pink because of the override.
From the tabs at the bottom of the window, select 2 for page 2. For Schedule B, line 1, select box
b Accrual, and select No for lines 3 and 4. Select No for lines 8 and 9, and select Yes for lines
10a and 10b.
To enter the qualified dividends received, for Schedule K, line 5a, select the JumpTo Linked
Field box, and enter the amount on the first line for Ordinary dividends and also on the first line
for Qualified dividends. To return to Form 1120S, select Close Form, Return to Interview, and
then Whole Form.
To enter the compensation of officers, begin entering the amount on line 12. The Calculated
Field dialog box will open, and select Override. Then you can finish entering the amount. The
area will turn pink because of the override.
For salaries, select the JumpTo Linked Field box for line 8 and enter the amount on line 1.
Return to the Form 1120S. Enter the repairs on line 9 and the bad debts on line 10. For line 12,
select the JumpTo Linked Field box and enter the amount on the line for payroll tax. Return to
the Form 1120S.
To enter the depreciation, begin entering the amount on line 14. The Calculated Field dialog box
will open, and select Override. Then you can finish entering the amount. The area will turn pink
because of the override.
Enter the advertising on line 16.
From the tabs at the bottom of the window, select 4 for page 4.
For Schedule L, select the JumpTo Linked Field for line 1, column (d). Select Sch L – Balance
Sheet, and in the Ending column, enter the amounts for cash on line 1, accounts receivable on
line 2a, inventory on line 3, equipment on line 10a, accumulated depreciation on line 10b,
accounts payable on line 16, note payable on line 20, and common stock on line 22. Return to the
Form 1120S.
From the tabs at the bottom of the window, select Options, and for Page 4, check the first box.
Now you’re ready to enter the information for the two stockholders. From the menu, select
Forms/Open Forms, and highlight Schedule K1 (1120S). Select the Open Forms button, and then
select Whole Form. At the bottom of the window, select the Input tab. Notice the number 1 at the
top, for the first record - the first shareholder. Enter the name for Linda Holiday. In the
Percentage of Stock section, enter 50 for Shareholder Percentage. At the top, select Add New
Record and enter the name for Ralph Winston. In the Percentage of Stock section, enter 50 for
Shareholder Percentage.
Save the file by selecting File/Save Return from the menu. Then back it up by selecting
File/Backup Return...
To save the return in PDF format, select File/Print... from the menu, and then select the PDF
icon. In addition to the tax forms in the text, the software will generate a two-page Error Report,
a one-page Override and Estimate Report, a Schedule K-1 for Ralph, a K-1 Statement for each
shareholder and four pages of supplementary information. Review the tax return.
Appendix D, Arc
Open H&R Block 2011, and update it.
Select the Start a Return button.
Select the Forms button, and select Show All Forms. Start by filling in a Background Worksheet,
found under Form 1040. Only fill in the information you have, but you will need to enter dates of
birth. Enter the occupations as nouns.
Select Close Form, and then fill in a Dependents Worksheet, found under Form 1040, for Billie
Bob and Mary Sue. Enter dates of birth for Billie Bob and Mary Sue.
Select Close Form, and then fill in a W-2 Worksheet, found under Form 1040, for Joan. Be sure
to enter her state income tax withheld.
To record the estimated federal income tax payments, open the Background Worksheet, and for
line 5a, enter 4/15/2011 and the amount.
For the estimated state income tax payments, open a State and Local Income Tax Payments
Worksheet, found under Schedule A, and in Part I, on line 1, enter 4/15/2011 and the amount.
The Arcs have dividend income, so fill out a separate Form 1099-DIV for each amount.
For Schedule C, open a Schedule C and at the top, select Self or Spouse, depending on whether
you listed Noah as the taxpayer or as the spouse on the Background Information Worksheet.
Enter a description for A. For B, choose Retail Stores and Dealers, and for Code, choose Pet &
pet supplies stores. For G, check yes. Check box 33a Cost and 34 No. Enter the information and
amounts. Since the beginning and ending inventories are both 10,000, you can enter the 62,000
cost of sales as the purchases.
The Arcs itemize. For Schedule A, open a Charitable Donations Worksheet and enter the amount
of their contribution to the church.
The real estate taxes can be entered directly on Schedule A, on the Mini-Worksheet for Line 6,
Real Estate Taxes, on line d i.
Enter the home mortgage interest on the Home Mortgage Interest Worksheet. For Description of
property, enter Principal residence, and answer Yes to the question about paying this interest to a
financial institution. Enter the amount in Part A, on line 1.
Enter the income tax return preparation fee directly on Schedule A, on line 22.
For Joan's uniforms, on Schedule A, find the Mini-Worksheet for Line 21, Employee Business
Expenses (right above line 21), and enter the amount on line b. Enter the description in the
description box for line 21.
For the stock sales, open a Capital Gains and Losses Worksheet and record the information for
each sale. Answer yes to the questions about Form 1099-B and box 3. To enter the long-term
capital loss carryover, open a Last Year's Data Worksheet, and enter the amount on line 21.
For Schedule E, open a Schedule E Rentals and Royalties Worksheet. In Part I, line 1a, enter the
address. Check the dwelling box. In Part II, enter 365 on line 1a. In Part IV, check box 4 for
active participation. In Parts V and VI, enter the amounts of income and expenses in the first
column. For depreciation, in Part VI, line 6, right-click in the first amount column, select
Override, check the Override box, enter the amount and select OK.
Close Forms Central.
To get the Child and Dependent Care Credit, rather than opening forms, go through a section of
the interview. Select the Federal tab, and then Credits. Next to Child and Dependent Care
Expenses, select Go To. In the Child and Dependent Care Expenses window, select Yes and then
Next, and in the next window select No and then Next. In the next window, select Next. In the
Child and Dependent Care Providers window, select Add Provider, and then in the next window
select My care provider is a business. Select Next and make up a name and Tax ID# in one of the
formats shown - 91-1111111 works. Enter the expenses paid and select Next. In the next window
check Mary Sue Arc and select Next. In the next window confirm the care provider's information
and select Next. In the next window select Finished.
This is a Form 1040, so you don't need to choose the Form - Form 1040 is the default.
Save the file by selecting File/Save from the menu.
Then File/Save As PDF. The software will save two returns - one For Filing and one For
Records. Review the Tax Return for Filing.
The software will not generate a Qualified Dividends and Capital Gain Tax Worksheet as part of
the return, but you can view it if you'd like - open a Schedule D, and see the Schedule D Tax
Worksheet below line 22. The software will not generate a Schedule B because it is not required.
Appendix D, Clifden
Open H&R Block 2011, and update it.
Select the Start a Return button.
Select the Forms button, and select Show All Forms. Start by filling in a Background Worksheet,
found under Form 1040. Only fill in the information you have, but you will need to enter dates of
birth. Enter the occupations as nouns.
Select Close Form, and then fill in a Dependents Worksheet, found under Form 1040, for each of
the Clifdens' three sons. Enter their dates of birth.
Select Close Form, and then fill in a W-2 Worksheet, found under Form 1040, for Lulu. Be sure
to enter her state income tax withheld..
To record the estimated federal income tax payments, open the Background Worksheet, and for
line 5a, enter 4/15/2011 and the amount.
For the estimated state income tax payments, open a State and Local Income Tax Payments
Worksheet, found under Schedule A, and in Part I, on line 1, enter 4/15/2011 and the amount.
The Clifdens have interest and dividend income, so fill out a separate Form 1099-INT/OID for
each interest amount, and a separate Form 1099-DIV for each dividend.
The interest from the City of Atlanta bonds is municipal, tax-exempt interest, so be sure to enter
it in the right spot.
Since the amount of taxable interest is over 1,500, a Schedule B is required. Open a Schedule B,
and in Part III, on the Mini-Worksheet for Part III, check Y for Yes. On line 7a, check Y for Yes
for the first question, and then N for No for the second question. On line 7b, check N for No and
on line 8, check N for No.
For Schedule C, open a Schedule C and at the top, select Self or Spouse, depending on whether
you listed Gregory as the taxpayer or as the spouse on the Background Information Worksheet.
Enter a description for A. For B, choose Accommodations, Food & Drink, and for Code, choose
Travel accommodation. For F, check (1) Cash, and for G, check yes. Enter the information and
amounts. For depreciation, in Part II, line 13, right-click in the first amount column, select
Override, check the Override box, enter the amount and select OK.
To enter Gregory's retirement income, open a 1099-R Worksheet and enter the income on lines 1
and 2a, the federal income tax withheld on line 4 and the state income tax withheld on line 12.
The Clifdens itemize. For Schedule A, enter the dental expenses directly on Schedule A, on the
Mini-Worksheet for Line 1, Medical Expenses (Other than Mileage and Transportation), on line
c.
For the state income taxes paid in 2011 (for 2009), open a State and Local Income Tax Payments
Worksheet, found under Schedule A, and enter the amount in Part V, on line 9.
Open a Charitable Donations Worksheet and enter the amount of their contributions.
Enter the home mortgage interest on the Home Mortgage Interest Worksheet. For Description of
property, enter Principal residence, and answer Yes to the question about paying this interest to a
financial institution. Enter the amount in Part A, on line 1.
The real estate taxes can be entered directly on Schedule A, on the Mini-Worksheet for Line 6,
Real Estate Taxes, on line d i.
For the investment interest, check the box for Line 14: Form 4952 Not Needed? in the area above
line 14, and enter the amount on Schedule A, line 14.
To enter the deductible portion of the automobile registration fees, on Schedule A, on the MiniWorksheet for Line 7, enter the amount on line b.
Enter the income tax return preparation fee directly on Schedule A, on line 22.
To enter the alimony paid, open an Attachments Worksheet, found under Form 1040, and enter
the information on Page 2.
For the stock sales, open a Capital Gains and Losses Worksheet and record the information for
each sale. Answer yes to the questions about Form 1099-B and box 3.
To report Gary's interest income, open a Form 8814, and enter the information for A and B.
Enter the amount on line a of the Mini-Worksheet for Lines 1a and 1b, Interest Income, in Part I.
Close Forms Central.
This is a Form 1040, so you don't need to choose the Form - Form 1040 is the default.
Save the file by selecting File/Save from the menu.
Then File/Save As PDF. The software will save two returns - one For Filing and one For
Records. Review the Tax Return for Filing.
The software will not generate a Qualified Dividends and Capital Gain Tax Worksheet as part of
the return, but you can view it if you'd like - open a Schedule D, and see the Schedule D Tax
Worksheet below line 22.