What’s New for 2016 xxv
Key Tax Numbers for 2016 xxix
FILING BASICS 1
Do You Have to File a 2016 Tax Return? 3
Filing Tests for Dependents: 2016 Returns 4
Where to File Your 2016 Return 5
Filing Deadlines (on or before) 6
Which Tax Form Should You File? 8
Filing Status 9
REPORTING YOUR INCOME 33
Wages, Salary, and Other Compensation 35
Fringe Benefits 52
Dividend and Interest Income 74
Reporting Property Sales 100
Tax-Free Exchanges of Property 145
Retirement and Annuity Income 160
IRAs 195
Income From Real Estate Rentals and Royalties 241
Loss Restrictions: Passive Activities and At-Risk Limits 258
Other Income 286
CLAIMING DEDUCTIONS 309
Deductions Allowed in Figuring Adjusted Gross Income 311
Claiming the Standard Deduction or Itemized Deductions 320
Charitable Contribution Deductions 328
Itemized Deduction for Interest Expenses 352
Deductions for Taxes 369
Medical and Dental Expense Deductions 376
Casualty and Theft Losses and Involuntary Conversions 394
Deducting Job Costs and Other Miscellaneous Expenses 419
Travel and Entertainment Expense Deductions 433
Personal Exemptions 459
PERSONAL TAX COMPUTATIONS 473
Figuring Your Regular Income Tax Liability 475
Alternative Minimum Tax (AMT) 479
Computing the “Kiddie Tax” on Your Child’s Investment Income 487
Personal Tax Credits Reduce Your Tax Liability 493
Tax Withholdings 514
Estimated Tax Payments 521
Additional Medicare Tax and Net Investment Income Tax 527
TAX PLANNING 533
Tax Savings for Residence Sales 535
Tax Rules for Investors in Securities 550
Tax Savings for Investors in Real Estate 566
Tax Rules for Investors in Mutual Funds 579
Educational Tax Benefi ts 588
Special Tax Rules for Senior Citizens and the Disabled 606
Members of the Armed Forces 617
How To Treat Foreign Earned Income 624
Planning Alimony and Marital Settlements 635
Other Taxes 642
Gift and Estate Tax Planning Basics 650
BUSINESS TAX PLANNING 659
Income or Loss From Your Business or Profession 661
Retirement and Medical Plans for Self-Employed 689
Claiming Depreciation Deductions 699
Deducting Car and Truck Expenses 716
Sales of Business Property 730
Figuring Self-Employment Tax 737
FILING YOUR RETURN AND WHAT HAPPENS AFTER YOU FILE 745
Filing Your Return 747
Filing Refund Claims, and Amended Returns 755
If the IRS Examines Your Return 759
2016 SAMPLE TAX FORMS 771
2016 Form 1040 773
Schedule A 775
Schedule B 776
Schedule C 777
Schedule D 779
Schedule E 781
Schedule SE 783