Schedule

A schedule refers to 1 of the 11 attachments that can accompany Form 1040 as a part of an income tax return. While each taxpayer must submit Form 1040, the schedules included with a given tax return, if any, will vary depending on the circumstances of the taxpayer.

The schedules are used for the following purposes:

• Schedule A is used to report itemized deductions. Schedule A would only be included with a tax return when the taxpayer opts to use itemized deductions rather than the standard deduction.
• Schedule B is used to report interest and dividend income.
• Schedule C is used to report income and expenses by those who are self employed or otherwise run a business.
• Schedule D is used to report capital gains and losses related to the sale or exchange of capital assets.
• Schedule E is used to report income and expenses related to rental property, as well as trust, estates, partnerships, and S corporations.
• Schedule EIC is used to provide information about a taxpayer's qualifying children when the taxpayer claims the Earned Income Credit.
• Schedule F is used to report income and expenses related to a farm.
• Schedule H is used to report employment taxes related to employees in the taxpayer's household.
• Schedule J is used by farmers and fishermen who are electing to use income averaging to calculate their income tax.
• Schedule R is used to calculate tax credits for the elderly or disabled.
• Schedule SE is used to calculate the tax liability on self-employment income.