Get Schedule A 740 Fillable Form

Filling out the Schedule A 740 Fillable Form can be a straightforward process when guided properly. This user-friendly guide aims to provide clear instructions on completing this important tax document online.

Follow the steps to fill out the Schedule A 740 Fillable Form with ease.

1. Press the ‘Get Form’ button to access the Schedule A 740 Fillable Form and open it in the editor.
2. Begin by entering your name(s) as they appear on Form 740, page 1, and your Social Security Number in the appropriate fields.
3. In the medical and dental expenses section, list your total medical and dental expenses on line 1. Then, enter 7.5% of the amount from Form 740, line 9 on line 2. On line 3, calculate the total medical and dental by subtracting line 2 from line 1. If the result is zero or less, enter -0-.
4. Continue by filling in your local income taxes on line 4 and real estate taxes on line 5. For personal property taxes, enter the amount on line 6, and for any other taxes, use line 7 to list specific taxes. Finally, sum the amounts from lines 4 through 7 and enter the total on line 8.
5. In the interest expense section, provide your home mortgage interest and points reported on federal Form 1098 on line 9, along with any additional mortgage interest not reported on line 10. Follow by listing points not reported and qualified mortgage insurance premiums on lines 11 and 12 respectively. Add the entries for lines 9 through 13 and enter the total on line 14.
6. For contributions, record your cash or check donations on line 15. Other than cash or check contributions should be reported on line 16, and if applicable, enter any artistic charitable contributions on line 17. Lastly, any carryovers from prior years can be entered on line 18. Sum the contributions and place the total on line 19.
7. In the casualty and theft losses section, enter the relevant amount from federal Form 4684, Section A, line 16 on line 20, and calculate 10% of the amount from Form 740, line 9 on line 21. Subtract line 21 from line 20 on line 22, entering -0- if the result is zero or less.
8. For job expenses, list any unreimbursed employee expenses on line 23, followed by tax preparation fees on line 24, and any additional deductions on line 25. Add these on line 26. Calculate 2% of the amount from Form 740, line 9 on line 27, and subtract this from line 26 on line 28.
9. Record any other miscellaneous deductions on line 29. Finally, compute the total itemized deductions by adding lines 3, 8, 14, 19, 22, 28, and 29, then enter this total on line 30.
10. Once all sections are complete, save your changes, download the filled form, and print or share it as needed.

Complete your Schedule A 740 Fillable Form online today for accurate and efficient tax filing.