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Form Instruction 1040 Line 20a & 20b Texas Dallas: What You Should Know

Fill Form 1041 (Optional Form for New York Residents) Line 10a. Enter the amount you need to deduct. (The 2,000 is the maximum amount I can deduct.) Enter the amount that is more than the maximum that you can deduct. You can't deduct more than what is in the box marked Additional Exclusion (Form 1040). Enter the following: Form 1040 Line 1 (50,020) Add Form 1040 Line 13a (Optional) Enter the amount you deducted in Part 1 of Form 1040 Line 12a. Enter in excess of the 2,000 1,000,000, in (2040). Enter the amount you can deduct in any amount. (For example, if you deducted 100,000 and have total deductions of 130,000, the excess should be 25,000.) Enter the amount you want deducted on the Form 1040.pdf Line 9. Make sure the excess amount is entered on the Form 1040.pdf Line 7 and line 19. Add the excess amount to figure line 21, but do not adjust any forms. Fill Form 1041 (Optional Form for New York Residents) Line 13a. Enter the amount you deducted in Part I of Form 1041Line 14a. Enter in excess of the 2,000 1,000,000, in (2040). Enter the amount you can deduct in any amount. (For example, if you deducted 100,000 and have total deductions of 130,000, the excess should be 25,00.) Enter the amount that is more than the maximum that you can deduct. You can't deduct more than what is in the box marked Additional Exclusion (Form 1040). Line 15a. Enter the difference (2,000 to 10,000). Enter the amount you want deducted in any amount. (For example, if you deducted 100,000 and have total deductions of 130,000, the excess should be 25,000.) Enter the 1,000 excess amounts on line 21a. Additional Exclusion, Line 14a. Enter the excess amount for the period you want to deduct the full amount. If you chose to make additional deductions and adjusted gross income is greater than zero, you can deduct 10,000.00. The excess amount will be subtracted from your adjusted gross income.

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