Expense / deduction-related forms (flow into Form 1040 Adjustments, Deductions, Credits)

*1098 → Mortgage interest, real estate taxes
*1098-E → Student loan interest
*1098-T → Tuition & education expenses
*Schedule A → Itemized deductions (medical, mortgage, taxes, charity, etc.)
*Schedule C → Business expenses (for self-employed)
*Schedule E → Rental property expenses
*Schedule F → Farm expenses
*Form 2441 → Child & dependent care expenses (credit)
*Form 8863 → Education credits (based on 1098-T)
*Form 8889 → HSA contributions/expenses

👉 Summary:
*Income forms (like W-2, 1099) are provided by payers.

*Expense/deduction forms (like 1098, Schedules, credit forms) are either provided by payees (bank, school, lender) or self-prepared when filing.

👉 Stay connected for daily insights on US taxation.

Write your comment Here