1041 K-1
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Dividends
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Distribution of money, stock, or other property from an estate or trust.
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Resource
|
|
Interest
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Applicant’s share of taxable income from accounts with banks, credit unions, and thrifts
(e.g., certificates of deposit and money market accounts).
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Calculated Resource
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Business Income and other
Nonpassive Income
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Applicant’s share of annuities, royalties, or any other income not subject to passive
activity limitation.
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Unearned Income
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Passive Income
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Rental income from trade or business activities in which the applicant did not materially
participate.
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Unearned Income
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Short Term Capital Gain
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Income from installment sales, like-kind exchanges or other partnerships, and fiduciaries
of less than 1 year.
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Resource
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Long Term Capital Gain
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Income from installment sales, like-kind exchanges or other partnerships, and fiduciaries
of more than 1 year.
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Resource
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1065K-1
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Dividends
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Distribution of money, stock, or other property from partnership.
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Resource
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Interest
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Income from or credited to:
-
•
accounts (including certificates of deposit and money market accounts) with banks,
credit unions, and savings and loan associations;
-
•
building and loan accounts;
-
•
notes, loans, and mortgages;
-
-
•
insurance companies, if paid or credited on dividends left with the company; (NOTE: The cash surrender value of life insurance policies is not countable as a resource
effective January 1, 2010.)
-
•
bonds and debentures; also arbitrage bonds issued by State and local governments after
October 9, 1969;
-
•
gain on the disposition of certain market discount bonds to the extent of the accrued
market discount;
-
•
U.S. Treasury bills, notes, and bonds; and
-
•
U.S. savings bonds which include: total interest when bond is cashed or when bond
reaches maturity and no longer earns interest, or yearly increase in the bond(s) value.
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Calculated Resource
|
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Royalties
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-
•
Income from oil, gas, mineral properties, copyrights, and patents.
NOTE: MAPS treats this data as a resource indicator, but royalties are also countable as
earned or unearned income.
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Resource
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Real Estate
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Income from activity in which a partner did not materially participate.
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Unearned Income
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Other Rental
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Income activity in which a partner did not materially participate.
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Unearned Income
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Short Term Capital Gain
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Income from a partnership of less than 1 year.
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Resource
|
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Long Term Capital Gain
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Income from a partnership of more than 1 year.
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Resource
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1099-B
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Stocks and Bonds
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Gross proceeds from the disposition of securities (including short sales), commodities,
or forward contracts.
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Resource
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Aggregate Profit and Loss
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Total profit from regulated futures or foreign currency contracts.
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Resource
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1099-CAP
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Cash Received
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Cash received in a partner’s share of income credits, deductions, etc.
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Unearned Income
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1099-DIV
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Capital Gains
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Amount of total capital gain distributions (long-term).
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Resource
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Ordinary Dividend
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Amount of ordinary dividends, including those from money market funds, net short-term
capital gains from mutual funds, and other distributions on stock.
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Calculated Resource
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1099-INT
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Interest
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Amounts paid or credited by:
-
•
savings & loan associations, mutual savings banks, building and loan associations,
credit unions or similar organizations;
-
•
bank deposits, accumulated dividends paid by life insurance companies, indebtedness
(bonds, debentures, notes, and certificates); (NOTE: The cash surrender value of life insurance policies is not countable as a resource
effective January 1, 2010.)
-
•
in course of trade or business;
-
•
delayed death benefits from insurance companies;
-
•
accrued to a REMIC (real estate mortgage investment conduit) regular interest holder,
or paid to a CDO (collateralized debt obligation) holder.
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Calculated Resource
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Savings Bonds
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-
•
Interest paid on U.S. Savings Bonds, Treasury Bills, Treasury Bonds, and Treasury
Notes. For Series E, EE, and I bonds, the interest is paid when the bond is cashed,
so that they are not countable resources (i.e., the person no longer has the bonds).
Therefore, do not request verification of these bonds from the Bureau of the Public
Debt. For more information about other Treasury securities, see SI 02310.049B.6.
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Resource
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Accelerated Death Benefits
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Accelerated death benefits paid
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Unearned Income
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1099-MISC
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Rents
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Income received as rents; e.g., owner of housing project, real estate rentals for
office space, machine rentals, and pasture rentals.
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Unearned Income
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Royalties
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Income paid from oil, gas, mineral properties, copyrights, and patents.
NOTE: MAPS treats this data as a resource indicator, but royalties are also countable as
earned or unearned income.
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Resource
|
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Other Income
|
Income not reportable in other boxes on form; e.g., prizes and awards, punitive damages,
deceased employee's wages paid to estate or beneficiary.
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Unearned Income
|
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Substitute Payments for Dividends
|
Total payments received by a broker on behalf of a taxpayer, in lieu of dividends
or interest, as a result of a transfer of a taxpayer's securities for use in a short
sale.
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Calculated Resource
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1099-MSA
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Gross Benefits
|
Gross benefits medical savings account
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Resource
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1099-OID
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Interest
|
Amount paid or credited. The difference between the stated redemption price at maturity
and the issue price of a debt instrument.
|
Calculated Resource
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1099-Q
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Earnings
|
Earnings part of qualified tuition program payments made to the designated beneficiary
or account owner. Qualified tuition program includes programs established and maintained
by private eligible educational institutions.
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Calculated Resource
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1099-R
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Unrealized Appreciation
|
Portion of distribution that represents net unrealized appreciation in securities
of the employer corporation (or subsidiary or parent corporation) attributable to
employee contributions.
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Resource
|
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Other Income
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Actuarial value of annuity contract or retirement bond, retirement account exchange
or death benefit payment that is part of a lump-sum distribution.
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Unearned Income
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Gross Distribution
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Total amount of distribution from pensions (including disability), profit-sharing
plans, retirement plans, employee savings plans or annuities before income tax or
other deductions are withheld. Includes premiums paid by a trustee or custodian for
current life or other insurance protection, IRA, or SEP distributions. Savings bonds
distributed from a pension plan, death benefit payments, and death payments made by
employers that are not part of a plan. In the case of a distribution representing
certificates of deposit, the net amount is reported.
NOTE: A 1099-R for an IRA, 401(k), or similar account indicates a resource (not unearned
income). In this situation, follow the verification and documentation instructions
in HI 03035.007A.3.
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Unearned Income
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1099-S
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Real Estate Sales
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Gross proceeds from sale or exchange of real estate.
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Resource
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1120 S-K1
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Dividends
|
Distribution of cash; value of stock, property or merchandise received as a shareholder
(e.g., mutual fund).
|
Calculated Resource
|
|
Interest
|
Income from or credited to:
-
•
accounts (including certificates of deposit and money market accounts) with banks,
credit unions and savings and loan associations; buildings and loan accounts;
-
•
notes, loans, and mortgages;
-
-
•
insurance companies, if paid or credited on dividends, left with the company; (NOTE: The cash surrender value of life insurance policies is not countable as a resource
effective January 1, 2010.)
-
•
bonds and debentures; also arbitrage bonds issued by State and local governments after October 9, 1969;
-
•
gains on the disposition of certain market discount bonds to the extent of the accrued
market discount;
-
•
U.S. Treasury bills, notes, and bonds; U.S. savings bonds including total interest
when bond is cashed or when bond reaches maturity and no longer earns interest; or
-
•
yearly increases in the bond(s) value;
-
•
income received or credited to accounts that may be withdrawn.
|
Calculated Resource
|
|
Royalties
|
Income from oil, gas, mineral properties, copyrights, and patents.
NOTE: MAPS treats this data as a resource indicator, but royalties are also countable as
earned or unearned income.
|
Resource
|
|
Ordinary Income
|
Shareholder's pro rata share of ordinary income, loss, deductions, credits, and other
information from all corporate activities.
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Unearned Income
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Rental Real Estate
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Net income in which shareholder did not materially participate.
|
Unearned Income
|
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Other Rental
|
Net income from other rental activity in which shareholder did not materially participate.
|
Unearned Income
|
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Short Term Capital Gain
|
Income from sales and exchanges of capital assets, including stocks, bonds, etc. and
real estate held for less than 1 year.
|
Resource
|
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Long Term Capital Gain
|
Income from sales and exchanges of capital assets, including stocks, bonds, etc. and
real estate held for more than 1 year.
|
Resource
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