1041 K-1

Dividends

Distribution of money, stock, or other property from an estate or trust.

Interest

Applicant’s share of taxable income from accounts with banks, credit unions, and thrifts (e.g., certificates of deposit and money market accounts).

Business Income and other

Nonpassive Income

Applicant’s share of annuities, royalties, or any other income not subject to passive activity limitation.

Passive Income

Rental income from trade or business activities in which the applicant did not materially participate.

Short Term Capital Gain

Income from installment sales, like-kind exchanges or other partnerships, and fiduciaries of less than 1 year.

Long Term Capital Gain

Income from installment sales, like-kind exchanges or other partnerships, and fiduciaries of more than 1 year.

1065K-1

Dividends

Distribution of money, stock, or other property from partnership.

Interest

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;

• •

  tax refunds;

• •

  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.

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.

Real Estate

Income from activity in which a partner did not materially participate.

Other Rental

Income activity in which a partner did not materially participate.

Short Term Capital Gain

Income from a partnership of less than 1 year.

Long Term Capital Gain

Income from a partnership of more than 1 year.

1099-B

Stocks and Bonds

Gross proceeds from the disposition of securities (including short sales), commodities, or forward contracts.

Aggregate Profit and Loss

Total profit from regulated futures or foreign currency contracts.

1099-CAP

Cash Received

Cash received in a partner’s share of income credits, deductions, etc.

1099-DIV

Capital Gains

Amount of total capital gain distributions (long-term).

Ordinary Dividend

Amount of ordinary dividends, including those from money market funds, net short-term capital gains from mutual funds, and other distributions on stock.

1099-INT

Interest

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.

Savings Bonds

• •

  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.

Accelerated Death Benefits

Accelerated death benefits paid

1099-MISC

Rents

Income received as rents; e.g., owner of housing project, real estate rentals for office space, machine rentals, and pasture rentals.

Royalties

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.

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.

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.

1099-MSA

Gross Benefits

Gross benefits medical savings account

1099-OID

Interest

Amount paid or credited. The difference between the stated redemption price at maturity and the issue price of a debt instrument.

1099-Q

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.

1099-R

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.

Other Income

Actuarial value of annuity contract or retirement bond, retirement account exchange or death benefit payment that is part of a lump-sum distribution.

Gross Distribution

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.

1099-S

Real Estate Sales

Gross proceeds from sale or exchange of real estate.

1120 S-K1

Dividends

Distribution of cash; value of stock, property or merchandise received as a shareholder (e.g., mutual fund).

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;

• •

  tax refunds;

• •

  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.

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.

Ordinary Income

Shareholder's pro rata share of ordinary income, loss, deductions, credits, and other information from all corporate activities.

Rental Real Estate

Net income in which shareholder did not materially participate.

Other Rental

Net income from other rental activity in which shareholder did not materially participate.

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.