Schedule 1 (Form 1040) – Deasy Corporation

2025 Schedule 1 (Form 1040) – Part 1 – Additional Income – #1-#7

Line	Field	Full Definition / How to Calculate or Find It	Known Value
1	Taxable Refunds, Credits, or Offsets of State and Local Income Taxes	Taxable portion of state or local income tax refunds, credits, or offsets received during the year. Generally reported on Form 1099-G when a prior-year itemized deduction produced a tax benefit.
2a	Alimony Received	Alimony received under divorce or separation agreements executed before January 1, 2019, or later agreements that specifically adopt the old rules.
2b	Date of Original Divorce or Separation Agreement	Original date of the divorce or separation instrument related to alimony reported on Line 2a.
3	Business Income or (Loss)	Net profit or loss from a sole proprietorship reported on Schedule C. Flows from Schedule C net income calculation after business expenses.
4	Other Gains or (Losses)	Gains or losses from Form 4797 (sale of business property) and Form 4684 (casualties, disasters, thefts) that are not reported elsewhere.
5	Rental Real Estate, Royalties, Partnerships, S Corporations, Trusts, etc.	Amount from Schedule E, Line 41. Includes rental property income/loss, royalty income, partnership income, S corporation income, estate income, trust income, and similar pass-through items.
6	Farm Income or (Loss)	Net farm income or loss from Schedule F. Includes farming operations conducted as a sole proprietor.
7	Unemployment Compensation	Total unemployment compensation received during the tax year. Generally reported on Form 1099-G. If a repayment was made during the same year, special adjustment rules may apply.	9,360
7 Checkbox	Overpayment Repaid	Checkbox indicating repayment of a 2025 unemployment overpayment during 2025.
7 Amount Repaid	Unemployment Compensation Repaid	Amount of unemployment compensation repaid during the tax year if repayment rules apply.

2025 Schedule 1 (Form 1040) – Part 1 – Additional Income – #8-#10

Line	Field	Full Definition / How to Calculate or Find It	Known Value
8a	Net Operating Loss	Net operating loss deduction carried forward from another tax year and allowable in the current year. Determined under IRS NOL rules and related worksheets.
8b	Gambling	Gambling winnings not otherwise reported elsewhere on the return. Includes casino winnings, sports betting winnings, lottery prizes, raffles, and similar gambling income.
8c	Cancellation of Debt	Debt forgiven or canceled that is taxable under IRS rules. Commonly reported on Form 1099-C.
8d	Foreign Earned Income Exclusion	Amount excluded from income under Form 2555 that must be reported for Schedule 1 purposes.
8e	Income From Form 8853	Taxable income from Archer MSAs or Long-Term Care insurance contracts reported on Form 8853.
8f	Income From Form 8889	Taxable income resulting from Health Savings Account (HSA) distributions or related HSA adjustments reported on Form 8889.
8g	Alaska Permanent Fund Dividends	Taxable dividends distributed by the Alaska Permanent Fund to eligible Alaska residents.
8h	Jury Duty Pay	Compensation received for jury service and not otherwise reported as wages.
8i	Prizes and Awards	Taxable prizes, awards, contest winnings, and similar income not reported elsewhere.
8j	Activity Not Engaged In For Profit Income	Income from activities conducted without a profit motive, commonly referred to as hobby income.
8k	Stock Options	Taxable income from stock option transactions not otherwise reported on Form W-2 or elsewhere on the return.
8l	Rental of Personal Property	Income from renting personal property when the activity is conducted for profit but does not rise to the level of a trade or business.
8m	Olympic and Paralympic Medals and USOC Prize Money	Taxable amounts related to Olympic or Paralympic medals and associated prize payments.
8n	Section 951(a) Inclusion	Certain controlled foreign corporation income required to be included under IRC §951(a).
8o	Section 951A(a) Inclusion	Global Intangible Low-Taxed Income (GILTI) inclusion required under IRC §951A(a).
8p	Section 461(l) Excess Business Loss Adjustment	Excess business loss adjustment required under IRC §461(l).
8q	Taxable ABLE Account Distributions	Taxable distributions from an ABLE account that do not qualify for exclusion.
8r	Scholarship and Fellowship Grants Not Reported on Form W-2	Taxable scholarship or fellowship amounts not included on a W-2.
8s	Nontaxable Medicaid Waiver Payments Included on Form 1040 Line 1a or 1d	Adjustment related to qualified Medicaid waiver payments that were included elsewhere in income.
8t	Nonqualified Deferred Compensation / Nongovernmental Section 457 Plan Income	Taxable pension or annuity income from certain deferred compensation arrangements.
8u	Wages Earned While Incarcerated	Compensation earned while incarcerated that must be separately identified under IRS rules.
8v	Digital Assets Received as Ordinary Income	Cryptocurrency or other digital asset income received as compensation, mining income, staking income, rewards, or similar ordinary income not reported elsewhere.
8z	Other Income	Other taxable income not specifically listed on Lines 8a–8v. Description and amount must be provided.
9	Total Other Income	Sum of Lines 8a through 8z.	Calculated
10	Additional Income	Sum of Lines 1 through 7 and Line 9. This amount flows to Form 1040, Line 8.	Calculated

2025 Schedule 1 (Form 1040) – Part 2 – #11-#23

Line	Field	Full Definition / How to Calculate or Find It	Known Value
11	Educator Expenses	Qualified unreimbursed classroom expenses paid by eligible teachers, instructors, counselors, principals, or aides. Subject to annual IRS limits.
12	Certain Business Expenses of Reservists, Performing Artists, and Fee-Basis Government Officials	Deductible expenses claimed by qualified reservists, qualified performing artists, and fee-basis state or local government officials. Generally calculated on Form 2106.
13	Health Savings Account (HSA) Deduction	Deductible HSA contributions reported on Form 8889. Includes contributions made directly by the taxpayer that were not already excluded from wages.
14	Moving Expenses for Members of the Armed Forces	Qualified moving expenses deductible by active-duty military members relocating under military orders. Generally reported on Form 3903.
14 Checkbox	Storage Fees Election	Checkbox used when claiming only qualified storage expenses under the military moving expense rules.
15	Deductible Part of Self-Employment Tax	One-half of self-employment tax calculated on Schedule SE and deductible as an adjustment to income.
16	Self-Employed SEP, SIMPLE, and Qualified Plans	Deductible contributions made to SEP-IRA, SIMPLE IRA, solo 401(k), and similar self-employed retirement plans.
17	Self-Employed Health Insurance Deduction	Deduction for health insurance premiums paid by self-employed individuals for themselves, spouses, and dependents, subject to IRS limitations.
18	Penalty on Early Withdrawal of Savings	Early withdrawal penalties charged by financial institutions on CDs, savings accounts, and similar deposits. Usually reported on Form 1099-INT or Form 1099-OID.
19a	Alimony Paid	Deductible alimony paid under qualifying divorce or separation agreements executed before January 1, 2019, or later agreements that specifically adopt the old rules.
19b	Recipient’s SSN	Social Security Number of the alimony recipient for whom the deduction on Line 19a is claimed.
19c	Date of Original Divorce or Separation Agreement	Original execution date of the divorce or separation agreement associated with the alimony deduction.
20	IRA Deduction	Deductible contributions made to a traditional IRA. Subject to income limits, filing status rules, and retirement plan participation limitations.
20 Checkbox	Married Filing Separately Exception	Checkbox indicating the taxpayer lived apart from their spouse for the entire year when filing separately.
21	Student Loan Interest Deduction	Deductible student loan interest paid during the year. Subject to annual limits and income phase-outs. Usually reported on Form 1098-E.
22	Reserved for Future Use	Line reserved by the IRS for future legislation or reporting requirements.	N/A
23	Archer MSA Deduction	Deduction for contributions to an Archer Medical Savings Account, calculated on Form 8853.

2025 Schedule 1 (Form 1040) – Part 2 – #24 – #26

Line	Field	Full Definition / How to Calculate or Find It	Known Value
24a	Jury Duty Pay Repaid to Employer	Jury duty compensation that was previously included in income but was required to be turned over to an employer. Deductible as an adjustment to income.
24b	Deductible Expenses Related to Rental of Personal Property	Expenses related to income reported on Schedule 1 Line 8l (rental of personal property engaged in for profit). Limited to the amount of related income.
24c	Nontaxable Olympic and Paralympic Medals and USOC Prize Money	Nontaxable portion of Olympic or Paralympic medals and related prize money previously reported on Schedule 1 Line 8m.
24d	Reforestation Amortization and Expenses	Deductible amortization and expenses related to qualified timber reforestation activities.
24e	Repayment of Supplemental Unemployment Benefits	Repayment of supplemental unemployment compensation received under the Trade Act of 1974.
24f	Contributions to Section 501(c)(18)(D) Pension Plans	Deductible contributions made to qualified employee pension plans established under IRC §501(c)(18)(D).
24g	Contributions by Certain Chaplains to Section 403(b) Plans	Deductible retirement contributions made by qualifying chaplains to 403(b) plans.
24h	Attorney Fees and Court Costs for Certain Unlawful Discrimination Claims	Deductible legal fees and court costs paid in connection with qualifying employment and civil rights claims.
24i	Attorney Fees and Court Costs Related to IRS Awards	Legal fees and court costs paid in connection with an IRS whistleblower award.
24j	Housing Deduction From Form 2555	Foreign housing deduction calculated on Form 2555 for qualifying taxpayers with foreign earned income.
24k	Excess Deductions of Section 67(e) Expenses From Schedule K-1 (Form 1041)	Excess deductions passed through from an estate or trust on Schedule K-1 (Form 1041).
24z	Other Adjustments	Any deductible adjustment to income not specifically listed on Lines 24a–24k. Type and amount must be identified.
25	Total Other Adjustments	Sum of Lines 24a through 24z.	Calculated
26	Total Adjustments to Income	Sum of Lines 11 through 23 and Line 25. This amount flows to Form 1040 Line 10.	Calculated