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Step by Step Guide to the 1040

February 16, 2012

The New York Times has published a step by step guide to the 1040 for your 2012 taxes. Click on the yellow tabs to find out situtations through a hypothetical couple that you may have as well. (For instance, the “Capital Gains” box says “Capital gains of $572 (Line 13) come from Schedule D. Felicity inherited two stock holdings from an aunt in 2010 and, cheered by the rising value of those shares, the couple decided early last year to venture back into the market themselves, only to find its volatility too nerve-wracking. They got out last summer.) Go through 12 pages of the 1040 with tons of advice & descriptions.

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