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10 September, 08:44

Why might you complete a 1040 instead of a 1040EZ?

A. You own a home.

B. You make less than $100,000.

C. You don't claim any dependents.

D. None of the above.

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Answers (1)
  1. 10 September, 12:18
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    A) You own a home. Home ownership complicates your income statement return, as there are many deductions and additional taxes that you may owe. The 1040EZ is geared toward a more bare-bones return (you have no dependents and make less than $100,000/year, and cannot itemize any deductions). This makes a 1040 a more appropriate choice than a 1040EZ if you own a home.
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Home » Business » Why might you complete a 1040 instead of a 1040EZ? A. You own a home. B. You make less than $100,000. C. You don't claim any dependents. D. None of the above.
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