EFTA01222149.pdf

Schedule A Itemized Deductions Worksheet 2017 Line 29 - Keep for your records Name(s) Shown on Return Social Security Number 1 Add the amounts on Schedule A, lines 4, 9, 15, 19, 20, 27 and 28 2 Add the amounts on Schedule A, lines 4, 14 and 20, plus any gambling and casualty or theft losses included on line 28. Also include in the total any amount included on Schedule A, line 16, that you elected to treat as qualified contributions for the relief efforts in a Hurricane disaster area. CAUTION: Be sure your total gambling and casualty or theft losses are clearly identified on the Miscellaneous Itemized Deductions Statement. 3 Is the amount on line 2 less than the amount on line 1? El N• o. STOP. Your deduction is not limited. Enter the amount from line 1 above on Schedule A, line 29. ri Y•es. Subtract tine 2 from line 1 4 Multiply line 3 by 80% (.80) 4 5 Enter the amount from Form 1040, line 38 5 6 Enter $261,500 if single; $313,800 if married filing jointly or qualifying widow(er); $287,650 if head of household, $156,900 if married filing separately 6 7 Is the amount on line 6 less than the amount on line 5? No. STOP. Your deduction is not limited. Enter the amount from line 1 above on Schedule A, line 29. Ei Y• es. Subtract line 6 from line 5 7 8 Multiply line 7 by 3% (.03) 8 9 Enter the smaller of line 4 or line 8 10 Total Itemized deductions. Subtract line 9 from line 1. (to Schedule A, line 29, or line 15 if filing form 1040NR) 10 EFTA01222149