Instructions For Form 1040-Ss - U.s. Self-Employment Tax Return (Including The Additional Child Tax Credit For Bona Fide Residents Of Puerto Rico) - Department Of The Treasury Internal Revenue Service - 2009 Page 7
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10Attach an explanation of these
conditions apply. See chapter 5 of Pub.
that amount from the total of lines 1a, 1b,
deductions.
334 for details.
and 2 and enter the result on line 3.
6. Amounts received by current or
3. Income you received as a retired
If your partnership was engaged solely
former self-employed insurance agents
partner under a written partnership plan
in the operation of a group investment
and salespersons that are:
that provides lifelong periodic retirement
program, earnings from the operation are
payments if you had no other interest in
a. Paid after retirement but figured as
not self-employment earnings for either
the partnership and did not perform
a percentage of commissions received
the general or limited partners.
services for it during the year.
from the paying company before
4. Income from real estate rentals if
If a partner died and the partnership
retirement,
you did not receive the income in the
continued, include in self-employment
b. Renewal commissions, or
course of a trade or business as a real
income the deceased partner’s
c. Deferred commissions paid after
estate dealer. Report this income in Part
distributive share of the partnership’s
retirement for sales made before
IV if you and your spouse made an
ordinary income or loss through the end
retirement.
election to be taxed as a qualified joint
of the month in which he or she died. See
However, certain termination
venture.
section 1402(f).
payments received by former insurance
5. Income from farm rentals (including
salespersons are not included in net
If you were married and both you and
rentals paid in crop shares) if, as landlord,
earnings from self-employment (as
your spouse were partners in a
you did not materially participate in the
explained in item 10 under Income and
partnership, each of you must report your
production or management of the
Losses Not Included in Net Earnings
net earnings from self-employment from
production of farm products on the land.
From Self-Employment).
the partnership. Each of you must
See chapter 12 of Pub. 225 for details.
7. Income of certain crew members of
complete a separate Part V. If only one of
Report this income on Form 4835 and
fishing vessels with crews of normally
you was a partner in a partnership, the
Form 1040. Use two Forms 4835 if you
fewer than 10 people. See chapter 10 of
spouse who was the partner must pay SE
and your spouse made an election to be
Pub. 334 for details.
tax on all of his or her share of
taxed as a qualified joint venture.
8. Fees as a state or local
partnership income.
6. Payments you receive from the
government employee if you were paid
Conservation Reserve Program if you are
Community income. Your own
only on a fee basis and the job was not
receiving social security benefits for
distributive share of partnership income is
covered under a federal-state social
retirement or disability. Deduct these
included in figuring your net earnings from
security coverage agreement.
payments on line 1b of Part V.
self-employment. Unlike the division of
9. Interest received in the course of
7. Dividends on shares of stock and
that income between spouses for figuring
any trade or business, such as interest on
interest on bonds, notes, etc., if you did
income tax, no part of your share can be
notes or accounts receivable.
not receive the income in the course of
included in figuring your spouse’s net
10. Fees and other payments received
your trade or business as a dealer in
earnings from self-employment.
by you for services as a director of a
stocks or securities.
corporation.
Share Farming
8. Gain or loss from:
11. Recapture amounts under sections
You are considered self-employed if you
a. The sale or exchange of a capital
179 and 280F included in gross income
produced crops or livestock on someone
because the business use of the property
asset;
else’s land for a share of the crops or
b. Certain transactions in timber, coal,
dropped to 50% or less. Do not include
livestock produced (or a share of the
amounts you recaptured on the
or domestic iron ore; or
proceeds from the sale of them). This
disposition of property. See Form 4797,
c. The sale, exchange, involuntary
applies even if you paid another person
Sales of Business Property.
conversion, or other disposition of
(an agent) to do the actual work or
12. Fees you received as a
property unless the property is stock in
management for you. For details, see
trade or other property that would be
professional fiduciary. This may also
Pub. 225.
apply to fees paid to you as a
includible in inventory, or held mainly for
sale to customers in the ordinary course
nonprofessional fiduciary if the fees relate
Other Income and Losses
to active participation in the operation of
of the business.
Included in Net Earnings
the estate’s business or the management
9. Net operating losses from other
From Self-Employment
of an estate that required extensive
years.
management activities over a long period
10. Termination payments you received
1. Rental income from a farm if, as
of time.
as a former insurance salesperson if all of
landlord, you materially participated in the
13. Gain or loss from section 1256
the following conditions are met.
production or management of the
contracts or related property by an
production of farm products on this land.
a. The payment was received from an
options or commodities dealer in the
This income is farm earnings. To
insurance company because of services
normal course of dealing in or trading
determine if you materially participated in
you performed as an insurance
section 1256 contracts.
farm management or production, do not
salesperson for the company.
consider the activities of any agent who
b. The payment was received after
acted for you. The material participation
termination of your agreement to perform
Income and Losses
tests for landlords are explained in
services for the company.
Not Included in Net Earnings
chapter 12 of Pub. 225.
c. You did not perform any services
From Self-Employment
2. Cash or a payment-in-kind from the
for the company after termination and
Department of Agriculture for participating
1. Salaries, fees, etc., subject to
before the end of the year in which you
social security or Medicare tax that you
in a land diversion program.
received the payment.
3. Payments for the use of rooms or
received for performing services as an
d. You entered into a covenant not to
employee, including services performed
other space when you also provided
compete against the company for at least
substantial services for the convenience
as a public official (except as a fee basis
a 1-year period beginning on the date of
of your tenants. Examples are hotel
government employee as explained in
termination.
rooms, boarding houses, tourist camps or
item 8 under Other Income and Losses
e. The amount of the payment
homes, parking lots, warehouses, and
Included in Net Earnings From
depended primarily on policies sold by or
storage garages. See chapter 5 of Pub.
Self-Employment on this page).
credited to your account during the last
334 for more information.
2. Fees received for services
year of the agreement, or the extent to
4. Income from the retail sale of
performed as a notary public. However, if
which those policies remain in force for
newspapers and magazines if you were
you have other earnings of $400 or more
some period after termination, or both.
age 18 or older and kept the profits.
subject to SE tax, on the dotted line next
f. The amount of the payment did not
5. Income you receive as a direct
to Part V, line 3, enter “Exempt — Notary”
depend to any extent on length of service
seller. Newspaper carriers or distributors
and the amount of your net profit as a
or overall earnings from services
of any age are direct sellers if certain
notary public included in line 2. Subtract
performed for the company (regardless of
SS-7
Instructions for Form 1040-SS (2009)
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