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What does IRS Form 1040 mean?

What is a '1040 Form'. Form 1040 is the standard Internal Revenue Service (IRS) form that taxpayers use to file their annual income tax returns.

What is a 1040 tax form?

There are now four variations of the 1040 form (1040A and 1040EZ no longer exist): Form 1040: This is the one the majority of taxpayers will use to report income and determine their tax for the year and any refund or additional tax owed. Form 1040-SR: This version is for senior taxpayers (age 65 and older). ... Form 1040-NR: This form is for non-U.S. ... More items...

What is a 1040 Schedule?

About Schedule D (Form 1040) Schedule D (Form 1040) is used to report sales, exchanges or certain involuntary conversions of capital assets, certain capital gain distributions, and nonbusiness bad debts. The form includes the tax computation using maximum capital gain rates.

What is a 1040 Form?

About Form 1040, U.S. Individual Income Tax Return Form 1040 is used by U.S. taxpayers to file an annual income tax return.

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