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Financial Planning / Tax Strategies
|Subject: Re: 1040A vs. 1040 ~ 2011||Date: 12/10/2012 12:10 PM|
|Author: TMFPMarti||Number: 117095 of 122915|
It's been way too long since I have dealt with the 1040A form, but my guess is that if she were to amend her 2011 taxes, she would also have to switch to a 1040?
Yes, but that's not the real issue here, which is that she would have to itemize deductions on Schedule A to deduct employee business expenses, which are a miscellaneous itemized deduction, and the total of those deductions gets a 2% of AGI haircut.
Probably not worth it, but run the numbers to be sure.
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