City of Fairfield Individual Income Tax Return 2008 – Page 2
All appropriate Federal schedules and forms MUST be attached. A return is NOT complete unless schedules and forms are included.
OTHER TAXABLE INCOME OR DEDUCTIONS
15. Taxable income not reported on a W-2 form .............................................................................................................................. 15 $
(Income on 1099-INT, 1099-R, 1099-D, 1099-G and W2-P are not taxable.)
16. Schedule C
A. Business Name 16A $
Business Address
Date Started Date Ended
B. Business Name 16B $
Business Address
Date Started Date Ended
C. Total Schedule C Profit/Loss .................................................................................................................................................. 16C $
17. Rental Property – Losses without an exact location will be disallowed.
A. Address 17A $
City/State/Zip
B. Address 17B $
City/State/Zip
C. Address 17C $
City/State/Zip
D. Address 17D $
City/State/Zip
E. Total Rental Profit/Loss ........................................................................................................................................................ 17E $
18. Partnership Income/Loss – Applicable losses without exact locations will be disallowed.
A. Partnership Name/ID 18A $
Address
B. Partnership Name/ID 18B $
Address
C. Partnership Name/ID 18C $
Address
D. Total Partnership Profit/Loss ................................................................................................................................................ 18D $
19. Total business profit/loss (Line 16C, Line 17E and Line 18D). If a loss, the amount can be carried forward for
maximum of three (3) years to offset future business profit/loss and can NOT be used to offset W-2 wages or 1099............ 19 $
20. Prior business loss from previously filed tax returns. Limited to the last three (3) years. (Attach Schedule) ........................ 20 $
21. Net business profit/loss if Line 19 is less than zero or less than Line 20, enter zero (0.00).
Otherwise subtract Line 20 from Line 19 .................................................................................................................................... 21 $
22. Deductions and non-taxable income (see instruction sheet for details)
A. 22A $
B. 22B $
C. 22C $
D. Total deductions and non-taxable income .................................................................................................................................... 22D $
23. Total other taxable income or deductions (Line 15 plus Line 21 minus Line 22D. Enter this amount on Line 2*................................ 23 $
*NOTE: LOSSES ARE NOT DEDUCTIBLE FROM WAGE INCOME. Only Employee business expenses (attach Form 2106) and/or wages earned outside the
City of Fairfield while a non-resident are allowed to be deducted from wages.
Other Deductions [Non-Resident Wages and or Employee Business Expenses (Form 2106) include forms & calculations]
Schedule E (Rental and/or Partnership) Profit/Loss. S-Corporations are excluded from individual’s income. (attach Federal Schedule and K-1s.)
Schedule C (Business Operations) Profit/Loss (attach Federal Schedule)
Other Taxable Income (attach Form)
16. Schedule C
17. Rental Property - Losses without an exact location will be disallowed.
