What is line 16 on a 1040?

Line 16 is where you list these expenses and write their total value. Examples of what you may be able to deduct include gambling losses, casualty and theft losses from an income-producing property you own, unrecovered investments in a pension, and impairment-related work expenses if you have a disability.

What is line 16 of Form 1040?

What is line 16 on a 1040? Line 16 is a manual entry of tax in the right-hand column. Review the Form 1040 instructions for the three checkboxes. Do not check any of the boxes or enter any information associated with these checkboxes unless you are instructed to do so.

What is Form 1040 Line 16?

To the left of Line 16 there should be an indication of what was used to calculate the taxes. In most cases if you have Qualified Dividends or Capital Gains reported the taxes are calculated using the Qualified Dividends and Capital Gains Worksheet.