Updates and Frequently Asked Questions
Computed/Fillable Form 40

The following updates have been made to the Computed Form. Also, some Frequently Asked Questions about the use of the Form 40 are shown below. If you have any questions or problems, please feel free to CONTACT US under Troubleshooting for Forms.

Updates to Calculated Form

Below is a list of the updates made to the Calculated Form.

04/01/2005 - The Schedule D was updated to correct the error in the calculation of Net Profit or Loss. The previous version was subtracting the total of Columns E (Depreciation Allowable since Acquisition), F (Cost or Other Basis) and G (Subsequent Improvements) from Column D (Amount Received). It has been corrected to add Columns D & E and subtract the total of Columns F & G.

03/16/2005 - The formatting on the Schedule D was removed to allow the taxpayer to enter "Various" in the Date Acquired and Date Sold Columns.

03/04/2005 - Changes were made to allow the taxpayer to enter information when more than one Schedule D or Schedule E.

02/10/2005 - Changes were made to allow the form to print when 5 or more dependents are claimed. Corrections were made to the checks for Qualifying Dependent Information when the form is printed.

01/21/2005 - Changes were made to correct problem with taxpayers that have Social Security Numbers starting with zeroes.

01/10/2005 - Fixed error with calculating total payments.

Frequently Asked Questions

• Where do I place the Alabama Income Tax Withheld from my 1099R or W-2G ?
  If you have Alabama income tax withheld from your 1099R or W-2G, enter the tax withheld on line 6, Column A of Form 40, Page 1 and enter a zero in Column B for Income. Enter the income amount of the Pension/Annuities on lines 5a and 5b of page 2, Part I of the Form 40. Enter your Gambling Winnings on line 8 of Part I, Page 2 of the Form 40. IRA distributions are reported on lines 4a and 4b of Page 2, Part I of the Form 40.

• I do not get a copy of my return when I print it out. What is wrong?
  Make sure you are using the green Print this Form button to print your form. If you try to print the form using the Print command in Acrobat or Acrobat Reader, you will get one page with a statement "Please, use the PRINT button on the Form to Print this form. Thank You." and eight blank pages.

• I only need the Form 40 and Schedule A. Do I have to print all nine pages?
  No. When you press the Print this Form button, a print module will appear. You can change the Print Range to select the pages that are needed.