1040A Lines 10-15 Overview

"In this part of the income section we're going to talk about lines 10, 11, 12, 13, 14, and 15. Line 10 being Capital gain distributions, line 11 for IRA distributions and the taxable amount on that, line 12a Pensions and annuities and the taxable amount on that, line 13 for Unemployment compensation and Alaska Permanent Fund dividends. Line 14 is for Social security benefits and the taxable amount on that and line 15 is the adding lines 7 through 14b to get your total income. So now let?s talk about line 10, Capital Gain Distributions. If you did get a capital gain distribution this should have, you should have a form 1099-DIV accompanying that. So take a quick look at form 1099-DIV and you can see capital gain distributions in box 2a. But also note box 2b, 2c, and 2d and if you go back to the instructions, if you have an amount in that section you need to determine if you need (must) still use form 1040 or if you can still use form 1040A. Lines 11a and 11b deal with IRA distributions, and if you had a IRA distribution you should also get a form 1099-R that shows the amount of this. So if you look at form 1099-R, this is where you'll find your IRA distribution. Now we'll talk about lines 12a and 12b, Pension and Annuities. And again you should receive a form 1099-R showing any pension and annuity payments that you received. This is the same form that's used for any distribution from a pension, annuity, retirement, profit sharing, or IRA. Line 13 is for Unemployment Compensation and Alaska Permanent Funds Dividends. So, form 1099-G is what you'll receive if say you have unemployment compensation. So this is what a form 1099-G looks like. And you'll see box1 shows your unemployment compensation. Lines 14a and 14b deal with Social Security Benefits and you should receive a form SSA-1099 that will show you the amount of social security benefits paid to you. Box 4 will show the amount of any benefits you were paid in 2007, and you'll need to use the worksheet to determine if any of your benefits are taxable and if they are, what amount you should enter in line 14b, the taxable amount of social security benefits. Once you're through with this, you simply add up everything from line 7 through line 14b and that total is your total income that you enter on line 15."