What forms do I use?

Question

I have w-2, 1099-b, 1099- int and 1099-div. Do I use 1040 or 1040A? Do I need other forms? The divident and capital gain is about 300 each. My AGI is about 40k - 45K

Answer 1

you can use either form. Definetly the Form 1040. If interest and dividends is in excess of 400 you need 1040, and Schedule B. You do not need to file Schedule D, but will need it in order to do the tax computations.(I assume you received Long Term Capital Gain Distributions from a mutual fund). The tax computations are tricky and confusing for many when you have LT Cap Gains. A basic tax software program will be very helpful as it will preform the computations.

Answer 2

Use software (or a professional) and the forms should be selected automatically.

Otherwise....
1040
Schedule B
Schedule D
Capital Gains Computation Worksheet (....this is the fun one by hand....)

Answer 3

you should use all the forms you need to use on what you have to file for that should be good