Tax-Aide Scope Checklist.xlsx

	A	B	C
1	Tax-Aide Scope Quick Checklist
2	SCOPE ITEM	CANNOT HELP TAXPAYER IF	Check First
3	Sale of Main Home	Net investment income tax kicks in. See Form 8960, Net Investment Income Tax
4	Form 1099-B	Entry in box 1f (accrued market discount), 2 (if checked for ordinary), 3, 7-11, 13, FATCA (embedded in broker's consolidate tax statement)
5	Form 1116, Foreign Tax Credit	Foreign taxes exceed $300 ($600 MFJ)
6	Schedule K-1 (1041, 1120-S, 1065)	Entry for anything other than interest, dividends, capital gains/losses, royalty income, tax-exempt interest, foreign taxes paid, or section 199A dividends. See NTTC 4012 for scope details.
7	Form 8960, Net Investment Income Tax	Net investment income tax appears on Form 1040, Schedule 2, Line 12 because AGI > $250K (MFJ or QSS), $125K (MFS), $200K (S or HOH) with net investment income (interest, dividends, cap gains, gain from sale of principal residence).
8	Form 8959, Additional Medicare Tax	Additional Medicare Tax appears on Form 1040, Schedule 2, Line 11 because any single W-2 > $200,000 or wages + SE income > $250K (MFJ), $125K (MFS), $200K (S, HOH, QSS).
9	Sch C, Profit or Loss from Business	Net business loss Expenses for employees, contract labor, inventory, depreciation, new assets over $2,500 per item, business use of home, vehicles rented more than 30 days, or actual vehicle expenses Total expenses over $50,000 1095-A w/premium tax credit Other than cash accounting
10	DIGITAL ASSETS	Answered YES to Form 1040 Digital Assets question Received Form 1099-DA (embedded in broker's consolidate tax statement)
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12	CITIZENSHIP	Non-resident alien, foreign student or scholar, foreign nanny or au pair - Form 1040-NR out of scope
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14	INCOME
15	Form 1099-DIV	Entry in box 2C, 2D, 9, 10, FATCA
16	Form 1099-INT	FATCA, box 11>box 1, box 12>box 3
17	Form 1099-K	Sale of personal property for more than original cost, sale of property used in business, payments for hobbies or other not-for-profit activities
18	Form 1099-MISC	Entry box 5, 6 (except caregiver payments), 7, 9-15
19	Form 1099-OID	Entry in box 6, FATCA
20	Form 1099-Q	Distribution from 529 plan exceeds qualified expenses
21	Form 1099-R	Box 7 codes: 5, 9, A, E, K, N, P, or R J and T if not qualified distribution
22	Form W-2	Box 12 codes: Q, R, T, Z, FF if premium tax credits involved
23	Rental income	Rental income from other than land
24	Rental income from personal residence	More than 14 days rental income
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26	DONATIONS
27	Contribution of motor vehicle, boat, or plane	Over $500 (unless taxpayer is willing to forego amount over $500)
28	Donated items (non-cash donations)	Over $5,000 (unless taxpayer is willing to forego amount over $5,000)
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30	HIGHER INCOME
31	Form 6251, Alternative Minimum Tax	Alternative minimum tax appears on Form 1040, Schedule 2, Line 1. [NOTE: If Schedule 2, Line 1 is blank, the presence of Form 6251 is OK.]
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33	CASUALTY LOSS OR THEFT	Taxpayer has a net loss from casualty or theft
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