Form 1040 Schedule M PDF Details

When you file your taxes, there are a few different schedules you might have to fill out depending on your situation. One of these is Schedule M, which is used to report gambling income and losses. This schedule is fairly straightforward to complete, but it's important to make sure that all of your information is accurate. In this blog post, we'll walk you through everything you need to know about Schedule M. We'll cover what items are included in gambling income and losses, how to report them on the schedule, and any special rules that apply. Let's get started!

Form NameForm 1040 Schedule M
Form Length2 pages
Fillable fields0
Avg. time to fill out30 sec
Other names1010c, sba form 1010c, sba 1010c, schedule m

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Making Work Pay Credit


OMB No. 1545-0074

(Form 1040A or 1040)










Department of the Treasury





Internal Revenue Service (99)

Attach to Form 1040A or 1040.

See separate instructions.


Sequence No. 166

Name(s) shown on return



Your social security number










To take the making work pay credit, you must include your social security number (if filing a joint return, the number of either you or your spouse) on your tax return. A social security number does not include an identification number issued by the IRS. Only the Social Security Administration issues social security numbers.

You cannot take the making work pay credit if you can be claimed as someone else's dependent or if you are a nonresident alien.

Important: Check the “No” box on line 1a and see the instructions if:

(a)You have a net loss from a business,

(b)You received a taxable scholarship or fellowship grant not reported on a Form W-2,

(c)Your wages include pay for work performed while an inmate in a penal institution,

(d)You received a pension or annuity from a nonqualified deferred compensation plan or a nongovernmental section 457 plan, or

(e)You are filing Form 2555 or 2555-EZ.

1a Do you (and your spouse if filing jointly) have 2010 wages of more than $6,451 ($12,903 if married filing jointly)? Yes. Skip lines 1a through 3. Enter $400 ($800 if married filing jointly) on line 4 and go to line 5. No. Enter your earned income (see instructions) . . . . . . . 1a

bNontaxable combat pay included on line 1a


(see instructions)






Multiply line 1a by 6.2% (.062)




Enter $400 ($800 if married filing jointly)




Enter the smaller of line 2 or line 3 (unless you checked “Yes” on line 1a)


Enter the amount from Form 1040, line 38*, or Form 1040A, line 22 . .




Enter $75,000 ($150,000 if married filing jointly)


7Is the amount on line 5 more than the amount on line 6?


No. Skip line 8. Enter the amount from line 4 on line 9 below.



Yes. Subtract line 6 from line 5



Multiply line 7 by 2% (.02)


Subtract line 8 from line 4. If zero or less, enter -0-

10Did you (or your spouse, if filing jointly) receive an economic recovery payment in 2010? You may have received this payment in 2010 if you did not receive an economic recovery payment in 2009 but you received social security benefits, supplemental security income, railroad retirement benefits, or veterans disability compensation or pension benefits in November 2008, December 2008, or January 2009 (see instructions).

No. Enter -0- on line 10 and go to line 11.

Yes. Enter the total of the payments you (and your spouse, if filing jointly) received in 2010. Do not enter more than $250 ($500 if married filing jointly) . . . . . . . . . . . .

11Making work pay credit. Subtract line 10 from line 9. If zero or less, enter -0-. Enter the result

here and on Form 1040, line 63; or Form 1040A, line 40 . . . . . . . . . . . . . .

*If you are filing Form 2555, 2555-EZ, or 4563 or you are excluding income from Puerto Rico, see instructions.






For Paperwork Reduction Act Notice, see your tax return instructions.

Cat. No. 52903Q

Schedule M (Form 1040A or 1040) 2010


How to Edit Form 1040 Schedule M Online for Free

sba form 1010 can be completed in no time. Just open FormsPal PDF editing tool to perform the job in a timely fashion. In order to make our editor better and simpler to work with, we consistently design new features, bearing in mind feedback coming from our users. All it requires is a few easy steps:

Step 1: Press the "Get Form" button above. It's going to open our pdf tool so that you can start filling in your form.

Step 2: As you access the file editor, you'll see the document prepared to be filled in. Besides filling in various blanks, it's also possible to do various other actions with the file, such as putting on custom words, changing the initial text, inserting graphics, signing the form, and a lot more.

For you to complete this document, make certain you provide the necessary details in every single field:

1. Complete your sba form 1010 with a selection of major blank fields. Get all of the necessary information and ensure not a single thing omitted!

Writing part 1 in irs form 1040a

2. Once your current task is complete, take the next step – fill out all of these fields - Go to wwwFreeTaxUSAcom to start with their corresponding information. Make sure to double check that everything has been entered correctly before continuing!

Completing part 2 of irs form 1040a

3. This 3rd part is generally rather simple, Department of the Treasury, Names shown on return, cid Attach to Form A or cid See, Attachment Sequence No, Your social security number, CAUTION, CAUTION, To take the making work pay credit, You cannot take the making work, Important Check the No box on line, a You have a net loss from a, and Do you and your spouse if filing - all these form fields has to be filled in here.

Department of the Treasury, CAUTION, and Important Check the No box on line of irs form 1040a

4. The next subsection requires your input in the subsequent parts: b Nontaxable combat pay included, see instructions, Multiply line a by, Enter if married filing jointly, Enter the smaller of line or line, Enter the amount from Form line, Enter if married filing jointly, Is the amount on line more than, No Skip line Enter the amount, Multiply line by, Subtract line from line If zero, and Did you or your spouse if filing. Be sure to fill in all requested details to move onward.

Tips on how to prepare irs form 1040a step 4

5. To wrap up your form, this last area requires several additional blanks. Completing No Enter on line and go to line, not enter more than if married, Making work pay credit Subtract, here and on Form line or Form A, If you are filing Form EZ or or, For Paperwork Reduction Act Notice, Cat No Q, and Schedule M Form A or will certainly conclude the process and you're going to be done before you know it!

irs form 1040a completion process clarified (step 5)

Concerning No Enter on line and go to line and For Paperwork Reduction Act Notice, be certain you do everything correctly in this current part. The two of these are certainly the most important ones in this document.

Step 3: After rereading the entries, press "Done" and you are good to go! After setting up afree trial account here, you will be able to download sba form 1010 or send it through email directly. The PDF file will also be accessible through your personal account page with your changes. FormsPal guarantees your information confidentiality with a protected system that never records or shares any personal data used. Be assured knowing your docs are kept confidential any time you work with our service!