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Video instructions and help with filling out and completing Will 1041 Schedule Instructions 2023

Instructions and Help about Will 1041 Schedule Instructions 2023

This is a brief overview of the form 1040 we're looking at the 2023 version of this form and I'm just going to go over the basic concept of the form the general areas of the form and eventually throughout the course you will have a better understanding of each of the individual line items your form 1040 is the main reporting form for an individual tax return however there is so much information that goes into a tax return that it cannot all be clearly represented the information clearly presented in just one form so this is where all the totals of the various categories and income categories expense categories come however there are numerous schedules and additional forms that have to be completed and are then attached to this main form and they include all the detail of the totals seen on this form so for example you see here on line 8a attached Schedule B I'm gonna put the total amount of interest earned right here on a day however on Schedule B which is attached to this form 1040 would then be listed out all the detail of the interest iron same thing here Schedule C this is for business income those self-employed individuals all of the detail the income the breakdown of expenses is gonna be on the schedule on this line here line 12 I would just see my total net number that's taxable and then you see there's other things attached form 47 97 there's tons of forms you'll see here on line 25 form 8 8 8 9 form 3903 form 20 106 so there's numerous forms numerous schedules that are attached to the form 1040 again that prdetail to the numbers that you're seeing on the form 1040 the top of...