Reply To: 1040 Schedule 1 Not sure if I need it ?

Home Fairmark Forum Taxation of Investments 1040 Schedule 1 Not sure if I need it ? Reply To: 1040 Schedule 1 Not sure if I need it ?

#7352
kaneohe
Participant

If you examine the 1040 and Sch 1 for 2018 vs 2019, you will see the difference. 2018 saw the debut of the infamous postcard 1040 which did not contain capital gains so Sch 1 had to be added to pick up that info.
2019 saw some some regression to the older 1040 form so now capital gains shows up on the main 1040 as it used to making Sch 1 not useful for that purpose.

sounds like you got it right.