Software of the Month Club 1995 March/SOFM_Mar1995.bin/pc/sri/windows/accb/taxforms/fq1.txt

Text File | 1995-01-27 | 10KB | 605 lines

Z1 1
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- W17 ^ Q06                                               ' LINE 6
                              ' ATAGI WORKSHEET
+ QDPR + QADJ + QISD + QPAS + QBEN + QXMP + QCIR + QDLP + QDEP + QINS + QDRL + QCNT + QLIM + QMIN + QPOL + QRAE + QSHL + ZNOL ^ QB4
- QANL ^ QB6
+ Z31 + Q06 + QSCE + QB4 + Q14M + QB6 ^ QB7
+ QB7 > + QB7 / 10 ^ QA3                                  ' Line 2 worksheet
+ AMDE - QA3 > + AMDE - QA3 ^ QA5
+ A04 - QA5 ^ QA6
^ TP1                         ' TEST TO COMPLETE LINES 2 - 5
+ Z34 - A26 = + 1 ^ TP1
+ TP1 = + Z34 ^ Q01                                       ' Line 1
+ Z31 / 40 * TP1 ^ Q02                                    ' Line 2
+ Q02 - A04 > + A04 ^ Q02
- Q06 + QSCE + QB4 - QB6 > + QA6 * TP1 ^ Q02
+ A08 * TP1 ^ Q03                                         ' LINE 3
+ QHMI * TP1 ^ Q04                                        ' LINE 4
+ A24 * TP1 ^ Q05                                         ' LINE 5
+ QCHR + QCIR + QDLP + QDEP + QINS + QDRL + QCNT + QLIM + QMIN + QPOL + QRAE + QSHL + QREL ^ Q14
+ Q01 + Q02 + Q03 + Q04 + Q05 + Q06 + QIIE + QDPR + QADJ + QISD + QPAS + QBEN + QXMP + Q14 ^ Q15
+ WA9 * TP1 ^ Q18
+ Q15 + Z35 + ZNOL + Q18 ^ Q19
+ Q19 - QANL ^ Q21
+ Z1 - 3 = + Q21 - 254 999.99 > + Q21 + 22 500.00 ^ Q21
+ Z1 - 3 = + Q21 - 165 000.00 > + Q21 - 255 000.00 < + Q21 - 165 000.00 / 4 + Q21 ^ Q21
+ 33 750.00 ^ QC1                                 ' Line 22 worksheet
+ Z1 - 1 \ + Z1 - 4 \ + 45 000.00 ^ QC1
+ Z1 - 3 = + 22 500.00 ^ QC1
+ 112 500.00 ^ QC3
+ Z1 - 1 \ + Z1 - 4 \ + 150 000.00 ^ QC3
+ Z1 - 3 = + 75 000.00 ^ QC3
+ Q21 - QC3 > + Q21 - QC3 ^ QC4
+ QC4 / 4 ^ QC5
+ QC1 - QC5 > + QC1 - QC5 ^ QC6
+ Q21 - QC6 > + Q21 - QC6 ^ Q23                   ' Line 23
+ Q23 - 175 000.00 / 50 ^ Q24                     ' Line 24
+ Z1 - 3 = + Q23 - 87 500.00 / 50 ^ Q24
+ Q24 < ^ Q24
+ Q23 / 4 + Q24 ^ Q24
+ Q23 / 100 + Q24 ^ Q24
+ Q24 - QALT > + Q24 - QALT ^ Q26                 ' Line 26
+ Z38 + ZX70 - ZFTC ^ Q27                         ' Line 27
+ Q23 > + Q26 - Q27 > + Q26 - Q27 ^ Q28           ' Line 28
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S ~1 If you itemized deductions on Schedule A` go to line 2.
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S !   !
R ~10
^
S ~~~If you did not itemized deductions` enter your standard
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S !   !
R ~10
^
S ~~~deduction from Form 1040` line 34` and skip to line 6
R .4
S (FZ1)! 1 !
T Q01
^
S ~2 Medical and dental expenses. See instructions
R .12
S (FA1)! 2 !
T Q02
^
S ~3 Taxes. Enter the amount from Schedule A, line 8
R .10
S (FA1)! 3 !
T Q03
^
S ~4 Certain interest on a home mortgage not used to buy`
R ~10
S !   !
R ~10
^
S ~~~build or improve your home
R .30
S [QHMI]! 4 !
T Q04
^
S ~5 Miscellaneous itemized deductions. Enter the amount from
R ~6
S !   !
R ~10
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S ~~~Schedule A, line 24
R .38
S (FA1)
S ! 5 !
T Q05
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S ~6 Refund of taxes. Enter any tax refund from Form 1040`
R ~9
S !   !
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^
S ~~~line 10 or 22
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S (FZ1)! 6 !
T Q06
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S ~7 Investment interest. Enter difference between regular
R ~9
S !   !
R ~10
^
S ~~~tax and AMT deduction
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S [QIIE]! 7 !
C QIIE
^
S ~8 Post-1986 depreciation. Enter difference between
R ~14
S !   !
R ~10
^
S ~~~regular tax and AMT depreciation
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S [QDPR]! 8 !
C QDPR
^
S ~9 Adjusted gain or loss. Enter difference between AMT
R ~11
S !   !
R ~10
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S ~~~and regular tax gain or loss
R .28
S [QADJ]! 9 !
C QADJ
^
S 10 Incentive stock options. Enter excess of AMT income
R ~11
S !   !
R ~10
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S ~~~over regular tax income
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S [QISD]!10 !
C QISD
^
S 11 Passive activities. Enter difference between AMT and
R ~10
S !   !
R ~10
^
S ~~~regular tax income or loss
R .30
S [QPAS]!11 !
C QPAS
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S 12 Beneficiaries of estates and trusts. Enter the amount
R ~9
S !   !
R ~10
^
S ~~~from Schedule K-1 (Form 1041)` line 8
R .19
S [QBEN]!12 !
C QBEN
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S 13 Tax-exempt interest from private activity bonds issued
R ~8
S !   !
R ~10
^
S ~~~after 8/7/86
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S [QXMP]!13 !
C QXMP
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S 14 Other. Enter the amount for each item and enter on line 14.~~~!\\\!
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^
S ~~~a Charitable contributions
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S [QCHR] !
C QCHR
S !
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S !\\\!
R ~10
^
S ~~~b Circulation expenditures
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S [QCIR] !
C QCIR
S !
R ~12
S !\\\!
R ~10
^
S ~~~c Depletion
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S [QDLP] !
C QDLP
S !
R ~12
S !\\\!
R ~10
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S ~~~d Depreciation (pre-1987)
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S [QDEP] !
C QDEP
S !
R ~12
S !\\\!
R ~10
^
S ~~~e Installment sales
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S [QINS] !
C QINS
S !
R ~12
S !\\\!
R ~10
^
S ~~~f Intangible drilling cost
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S [QDRL] !
C QDRL
S !
R ~12
S !\\\!
R ~10
^
S ~~~g Long-term contracts
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S [QCNT] !
C QCNT
S !
R ~12
S !\\\!
R ~10
^
S ~~~h Loss limitations
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S [QLIM] !
C QLIM
S !
R ~12
S !\\\!
R ~10
^
S ~~~i Mining cost
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S [QMIN] !
C QMIN
S !
R ~12
S !\\\!
R ~10
^
S ~~~j Pollution control facilities.[QPOL] !
C QPOL
S !
R ~12
S !\\\!
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^
S ~~~k Research and experimental
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S [QRAE] !
C QRAE
S !
R ~12
S !\\\!
R ~10
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S ~~~l Tax shelter farm activities..[QSHL] !
C QSHL
S !
R ~12
S !\\\!
R ~10
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S ~~~m Related adjustments
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S [QREL] !
C QREL
S !
R ~12
S !14 !
T Q14
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S 15 Total adjustments and Preferences. Combine lines 1 through 14.!15 !
T Q15
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F
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S PART II - Alternative Minimum Taxable Income
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^
R -80
^
S 16 Enter the amount from Form 1040` line 35
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S (FZ1)!16 !
T Z35
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S 17 Net operating loss deduction from Form 1040` line 22
R .5
S (FZ1)!17 !
C ZNOL
^
S 18 If Form 1040 line 32 is over $108`450 ($54`225 if married
R ~5
S !   !
R ~10
^
S ~~~filing separately)` enter your itemized deductions limitation~!   !
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S ~~~from line 9 of the worksheet for Schedule A` line 26
R .5
S (FA1)!18 !
T Q18
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S 19 Combine lines 15 through 18
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S !19 !
T Q19
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S 20 Alternative tax net operating loss deduction
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S [QANL]!20 !
C QANL
^
S 21 Alternative Minimum Taxable Income. Subtract line 20 from~19.~!   !
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S ~~~(If married filing separately and line 21 is more than
R ~8
S !   !
R ~10
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S ~~~$165`000` see instructions.)
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S !21 !
T Q21
^
R -80
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S PART III - Exemption Amount and Alternative Minimum Tax
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^
R -80
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S 22 Exemption Amount.
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S !\\\!
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^
R ~5
S If your filing status is:
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S And line 21
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S Enter on
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S !\\\!
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^
R ~34
S is not over:
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S line 22:
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S !\\\!
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^
R ~5
S Single or head of house.
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S $112`500
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S $33`750~~!
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S !\\\!
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^
R ~5
S Married filing jointly or
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S !
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S !22 !
T QC6
^
R ~7
S qualifying widow(er)
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S 150`000
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S 45`000~~!
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S !\\\!
R ~10
^
R ~5
S Married filing separately
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S 75`000
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S 22`500~~!
R ~5
S !\\\!
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S ~~~If line 21 is over the amount shown above` see instructions.~~!\\\!
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S 23 Subtract line 22 from line 21. If zero or less` enter -0- on~~!   !
R ~10
^
S ~~~lines 26 and 28
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S !23 !
T Q23
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S 24 If line 23 is $175`000 or less ($87`500 or less if married
R ~4
S !   !
R ~10
^
S ~~~filing separately), multiply line 23 by 26%. See instructions.!24 !
T Q24
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S 25 Alternative minumum tax foreign tax credit. See instr...[QALT]!25 !
C QALT
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S 26 Tentative minimum tax. Subtract line 25 from 24
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S !26 !
T Q26
^
S 27 Enter your tax from Form 1040` line 38 (plus Form 4970
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S !   !
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S ~~~included on Form 1040, line 39) minus Form 1040` line 43.(FZ1)!27 !
T Q27
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S 28 Alternative Minimum Tax. Subtract line 27 from line 26. If
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S !   !
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S ~~~zero or less, enter -0-. Enter on Form 1040` line 48
R .5
S (FZ1)!28 !
T Q28
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F
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S Medical and Dental Expenses Worksheet - Line 2
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R -80
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S 1. Enter the amount from Schedule A, line 1
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S (FA1)~1.~
C AMDE
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S 2. Complete the ATAGI worksheet and enter line 7
R .18
S ~2.~
T QB7
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S 3. Multiply line 2 above by 10%. If zero or less` enter -0-
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S ~3.~
T QA3
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S 4. Enter the amount from Schedule A` line 4
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S (FA1)~4.~
T A04
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S 5. Subtract line 3 from 1. If zero or less` enter -0-
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S ~5.~
T QA5
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S 6. Subtract line 5 from 4. Enter on Form 6251` line 2
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S ~6.~
T QA6
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R -80
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S Alternative Tax Adjusted Gross Income (ATAGI) Worksheet
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^
R -80
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S 1. Enter the amount from Form 1040` line 32
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S (FZ1)~1.~
T Z31
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S 2. Enter the amount from Form 6251` line 6
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S ~2.~
T Q06
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S 3. If you deducted investment interest on Schedule E` enter the
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S ~~~part of the adjustment on Form 6251` line 7` that is allocable
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S ~~~to Schedule E
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S [QSCE]~3.~
C QSCE
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S 4. Combine lines 8 - 13` 14b - 14l` and 17 of Form 6251
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S ~4.~
T QB4
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S 5. Figure the adjustments for line 14m and enter the combined
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S ~~~total of those adjustments
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S [Q14M]~5.~
C Q14M
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S 6. Enter the amount from Form 6251` line 20
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S ~6.~
T QB6
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S 7. ATAGI. Combine lines 1 through 6
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S ~7.~
T QB7
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R -80
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S Exemption Worksheet - Line 22
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^
R -80
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S ~1. Enter $33`750 ($45`000 if married filing jointly or qualifying
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^
R ~4
S widow(er)` $22`500 if married filing separately)
R .14
S ~1.~
T QC1
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S ~2. Enter your alternative minimum taxable income
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^
R ~4
S from Form 6251` line 21
R .25
S ~2.~
T Q21
R ~14
^
S ~3. Enter $112`500 ($150`000 if married filing
R ~34
^
R ~4
S jointly or qualifying widow(er)` $75`000 if
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^
R ~4
S married filing separately)
R .22
S ~3.~
T QC3
R ~14
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S ~4. Subtract line 3 from 2. If zero or less`
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^
R ~4
S enter -0-
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S ~4.~
T QC4
R ~14
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S ~5. Multiply line 4 by 25%
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S ~5.~
T QC5
^
S ~6. Subtract line 5 from line 1. If zero or less` enter -0-
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S ~6.~
T QC6
^
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