Amanda and Jack are working on their taxes and need to determine which form to file. They had wages, interest, and dividends. In addition, they bought a house this past year and are thinking of itemizing their deductions. Which form should they use?

Question

Quizplus · Accepted Answer

Amanda and Jack have multiple sources of income (wages, interest, dividends) and are thinking of itemizing their deductions for their new house. The 1040 form is the most comprehensive and flexible form that accommodates various types of income and deductions. The 1040EZ and 1040A forms have limitations on income and deductions, and the 1040X form is used for amending previous tax returns. The 1040Z form does not exist. Therefore, the best choice for Amanda and Jack is the 1040 form.

Amanda and Jack Are Working on Their Taxes and Need