Line 34 -
Tuition and fees. Attach Form 8917
If you paid qualified tuition and fees
for yourself, your spouse, or your dependent(s), you may be able to take this deduction.
See Form 8917.
You may be able to take a credit for
your educational expenses instead of a deduction. See the instructions for line
49 for details.
Line 35 –
Domestic production activities deduction. Attach Form 8903
You may be able to deduct up to 9% of your
qualified production activities income from the following activities.
1. Construction of real property performed
in the United States.
2. Engineering or architectural
services performed in the United States for construction of real property in
the United States.
3. Any lease, rental, license, sale,
exchange, or other disposition of:
a. Tangible personal property, computer software, and sound
recordings that you manufactured, produced, grew, or extracted in whole or in
significant part in the United States,
b. Any
qualified film you produced, or
c. Electricity, natural gas, or potable water you produced in the
United States. In certain cases, the references above to the United States
include Puerto Rico. Your deduction may be reduced if you had oil-related
qualified production activities income.
The deduction does not apply to income
derived from:
1. The sale of food and beverages you prepared
at a retail establishment;
2. Property you leased, licensed, or rented
for use by any related person;
3. The transmission or distribution of
electricity, natural gas, or potable water; or
4. The lease, rental, license, sale,
exchange, or other disposition of land. For details, see Form 8903 and its instructions.
Line 36 – Add
lines 23 through 35
Include in the total on line 36 any of
the following write-in adjustments. To find out if you can take the deduction,
see the form or publication indicated. On the dotted line next to line 36,
enter the amount of your deduction and identify it as indicated.
1. Archer MSA deduction (see Form 8853).
Identify as “MSA.”
2. Jury duty pay if you gave the pay
to your employer because your employer paid your salary while you served on the
jury. Identify as “Jury Pay.”
3. Deductible expenses related to income
reported on line 21 from the rental of personal property engaged in for profit.
Identify as “PPR.”
4. Reforestation amortization and
expenses (see Pub. 535). Identify as “RFST.”
5. Repayment of supplemental unemployment
benefits under the Trade Act of 1974 (see Pub. 525). Identify as “Sub-Pay TRA.”
6. Contributions to section 501(c)(18)(D)
pension plans (see Pub. 525). Identify as “501(c)(18)(D).”
7. Contributions by certain chaplains
to section 403(b) plans (see Pub. 517). Identify as “403(b).”
8. Attorney fees and court costs for
actions involving certain unlawful discrimination claims, but only to the extent
of gross income from such actions (see Pub. 525). Identify as “UDC.”
9. Attorney fees and court costs you
paid in connection with an award from the IRS for information you provided that
helped the IRS detect tax law violations, up to the amount of the award
includible in your gross income. Identify as “WBF.”
Add lines 23 through 35, and this is your total adjustment to
income
Line 37 –
Subtract line 36 from line 22.
If line 37 is less than zero, you may
have a net operating loss that you can carry to another tax year. See the Instructions
for Form 1045 for details.
Subtract line 36 from line 22. This is your adjusted gross income.
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This concludes the adjusted gross income for the
2011 Form 1040.
Next up: Tax and Credits sections of the 2011 Form 1040
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