Form 8582 Department of the Treasury Internal Revenue Service (99) Passive Activity Loss Limitations ▶ See separate instructions. ▶ Attach to Form 1040 or Form 1041. ▶ Information about Form 8582 and its instructions is available at www.irs.gov/form8582. OMB No. 1545-1008 2016 Attachment Sequence No. 88 Name(s) shown on return Identifying number Part I 2016 Passive Activity Loss Caution: Complete Worksheets 1, 2, and 3 before completing Part I. Rental Real Estate Activities With Active Participation (For the definition of active participation, see Special Allowance for Rental Real Estate Activities in the instructions.) 1 a Activities with net income (enter the amount from Worksheet 1, column (a)) . . . . . . . . . . . . . . . . . . 1a b Activities with net loss (enter the amount from Worksheet 1, column (b)) . . . . . . . . . . . . . . . . . . . . . 1b ( ) c Prior years unallowed losses (enter the amount from Worksheet 1, column (c)) . . . . . . . . . . . . . . . . . . 1c ( ) d Combine lines 1a, 1b, and 1c . . . . . . . . . . . . . . . . . . . . . . 1d Commercial Revitalization Deductions From Rental Real Estate Activities 2 a Commercial revitalization deductions from Worksheet 2, column (a) . 2a ( ) b Prior year unallowed commercial revitalization deductions from Worksheet 2, column (b) . . . . . . . . . . . . . . 2b ( ) c Add lines 2a and 2b . . . . . . . . . . . . . . . . . . . . . . . . . 2c ( ) All Other Passive Activities 3 a Activities with net income (enter the amount from Worksheet 3, column (a)) . . . . . . . . . . . . . . . . . . 3a b Activities with net loss (enter the amount from Worksheet 3, column (b)) . . . . . . . . . . . . . . . . . . . . . 3b ( ) c Prior years unallowed losses (enter the amount from Worksheet 3, column (c)) . . . . . . . . . . . . . . . . . . 3c ( ) d Combine lines 3a, 3b, and 3c . . . . . . . . . . . . . . . . . . . . . . 3d 4 Combine lines 1d, 2c, and 3d. If this line is zero or more, stop here and include this form with your return; all losses are allowed, including any prior year unallowed losses entered on line 1c, 2b, or 3c. Report the losses on the forms and schedules normally used . . . . . . . . 4 If line 4 is a loss and: • Line 1d is a loss, go to Part II. • Line 2c is a loss (and line 1d is zero or more), skip Part II and go to Part III. • Line 3d is a loss (and lines 1d and 2c are zero or more), skip Parts II and III and go to line 15. Caution: If your filing status is married filing separately and you lived with your spouse at any time during the year, do not complete Part II or Part III. Instead, go to line 15. Part II Special Allowance for Rental Real Estate Activities With Active Participation Note: Enter all numbers in Part II as positive amounts. See instructions for an example. 5 Enter the smaller of the loss on line 1d or the loss on line 4 . . . . . . . . . . . . 5 6 Enter $150,000. If married filing sepa ...

1. Form 8582
Department of the Treasury
Internal Revenue Service (99)
Passive Activity Loss Limitations
▶ See separate instructions.
▶ Attach to Form 1040 or Form 1041.
▶ Information about Form 8582 and its instructions is available
at www.irs.gov/form8582.
OMB No. 1545-1008
2016
Attachment
Sequence No. 88
Name(s) shown on return Identifying number
Part I 2016 Passive Activity Loss
Caution: Complete Worksheets 1, 2, and 3 before completing
Part I.
Rental Real Estate Activities With Active Participation (For the
definition of active participation, see
Special Allowance for Rental Real Estate Activities in the
instructions.)
1
a

2. Activities with net income (enter the amount from Worksheet 1,
column (a)) . . . . . . . . . . . . . . . . . . 1a
b
Activities with net loss (enter the amount from Worksheet 1,
column
(b)) . . . . . . . . . . . . . . . . . . . . . 1b ( )
c
Prior years unallowed losses (enter the amount from Worksheet
1,
column (c)) . . . . . . . . . . . . . . . . . . 1c ( )
d Combine lines 1a, 1b, and 1c . . . . . . . . . . . . . . . . . . . . . . 1d
Commercial Revitalization Deductions From Rental Real Estate
Activities
2 a Commercial revitalization deductions from Worksheet 2,
column (a) . 2a ( )
b
Prior year unallowed commercial revitalization deductions from
Worksheet 2, column (b) . . . . . . . . . . . . . . 2b ( )
c Add lines 2a and 2b . . . . . . . . . . . . . . . . . . . . . . . . . 2c ( )
All Other Passive Activities
3

3. a
Activities with net income (enter the amount from Worksheet 3,
column (a)) . . . . . . . . . . . . . . . . . . 3a
b
Activities with net loss (enter the amount from Worksheet 3,
column
(b)) . . . . . . . . . . . . . . . . . . . . . 3b ( )
c
Prior years unallowed losses (enter the amount from Worksheet
3,
column (c)) . . . . . . . . . . . . . . . . . . 3c ( )
d Combine lines 3a, 3b, and 3c . . . . . . . . . . . . . . . . . . . . . . 3d
4
Combine lines 1d, 2c, and 3d. If this line is zero or more, stop
here and include this form with
your return; all losses are allowed, including any prior year
unallowed losses entered on line 1c,
2b, or 3c. Report the losses on the forms and schedules
normally used . . . . . . . . 4
If line 4 is a loss and: • Line 1d is a loss, go to Part II.
• Line 2c is a loss (and line 1d is zero or more), skip Part II and
go to Part III.

4. • Line 3d is a loss (and lines 1d and 2c are zero or more), skip
Parts II and III and go to line 15.
Caution: If your filing status is married filing separately and
you lived with your spouse at any time during the year, do not
complete
Part II or Part III. Instead, go to line 15.
Part II Special Allowance for Rental Real Estate Activities With
Active Participation
Note: Enter all numbers in Part II as positive amounts. See
instructions for an example.
5 Enter the smaller of the loss on line 1d or the loss on line 4 . .
. . . . . . . . . . 5
6 Enter $150,000. If married filing separately, see instructions .
. 6
7 Enter modified adjusted gross income, but not less than zero
(see instructions) 7
Note: If line 7 is greater than or equal to line 6, skip lines 8 and
9,
enter -0- on line 10. Otherwise, go to line 8.
8 Subtract line 7 from line 6 . . . . . . . . . . . . . 8
9 Multiply line 8 by 50% (0.5). Do not enter more than $25,000.
If married filing separately, see instructions 9
10 Enter the smaller of line 5 or line 9 . . . . . . . . . . . . . . . . . . .
. 10
If line 2c is a loss, go to Part III. Otherwise, go to line 15.
Part III Special Allowance for Commercial Revitalization
Deductions From Rental Real Estate Activities
Note: Enter all numbers in Part III as positive amounts. See the
example for Part II in the instructions.

5. 11 Enter $25,000 reduced by the amount, if any, on line 10. If
married filing separately, see instructions 11
12 Enter the loss from line 4 . . . . . . . . . . . . . . . . . . . . . . . . 12
13 Reduce line 12 by the amount on line 10 . . . . . . . . . . . . . . .
. . . 13
14 Enter the smallest of line 2c (treated as a positive amount),
line 11, or line 13 . . . . . . 14
Part IV Total Losses Allowed
15 Add the income, if any, on lines 1a and 3a and enter the total
. . . . . . . . . . . . 15
16
Total losses allowed from all passive activities for 2016. Add
lines 10, 14, and 15. See
instructions to find out how to report the losses on your tax
return . . . . . . . . . . . 16
For Paperwork Reduction Act Notice, see instructions. Cat. No.
63704F Form 8582 (2016)
Form 8582 (2016) Page 2
Caution: The worksheets must be filed with your tax return.
Keep a copy for your records.
Worksheet 1—For Form 8582, Lines 1a, 1b, and 1c (See
instructions.)
Name of activity
Current year Prior years Overall gain or loss
(a) Net income
(line 1a)
(b) Net loss

6. (line 1b)
(c) Unallowed
loss (line 1c)
(d) Gain (e) Loss
Total. Enter on Form 8582, lines 1a, 1b,
and 1c . . . . . . . . . . . ▶
Worksheet 2—For Form 8582, Lines 2a and 2b (See
instructions.)
Name of activity
(a) Current year
deductions (line 2a)
(b) Prior year
unallowed deductions (line 2b)
(c) Overall loss
Total. Enter on Form 8582, lines 2a and
2b . . . . . . . . . . . . ▶
Worksheet 3—For Form 8582, Lines 3a, 3b, and 3c (See
instructions.)
Name of activity
Current year Prior years Overall gain or loss
(a) Net income
(line 3a)
(b) Net loss
(line 3b)

7. (c) Unallowed
loss (line 3c)
(d) Gain (e) Loss
Total. Enter on Form 8582, lines 3a, 3b,
and 3c . . . . . . . . . . . ▶
Worksheet 4—Use this worksheet if an amount is shown on
Form 8582, line 10 or 14 (See instructions.)
Name of activity
Form or schedule
and line number
to be reported on
(see instructions)
(a) Loss (b) Ratio
(c) Special
allowance
(d) Subtract
column (c) from
column (a)
Total . . . . . . . . . . . . . . . . . ▶
Worksheet 5—Allocation of Unallowed Losses (See
instructions.)
Name of activity
Form or schedule

8. and line number
to be reported on
(see instructions)
(a) Loss (b) Ratio (c) Unallowed loss
Total . . . . . . . . . . . . . . . . . . . ▶
Form 8582 (2016)
Form 8582 (2016) Page 3
Worksheet 6—Allowed Losses (See instructions.)
Name of activity
Form or schedule
and line number to
be reported on (see
instructions)
(a) Loss (b) Unallowed loss (c) Allowed loss
Total . . . . . . . . . . . . . . . . . . . ▶
Worksheet 7—Activities With Losses Reported on Two or More
Forms or Schedules (See instructions.)
Name of activity:
(a) (b) (c) Ratio
(d) Unallowed
loss
(e) Allowed loss

9. Form or schedule and line number
to be reported on (see
instructions):
1a
Net loss plus prior year unallowed
loss from form or schedule . ▶
b
Net income from form or
schedule . . . . . . . ▶
c Subtract line 1b from line 1a. If zero or less, enter -0- ▶
Form or schedule and line number
to be reported on (see
instructions):
1a
Net loss plus prior year unallowed
loss from form or schedule . ▶
b
Net income from form or
schedule . . . . . . . ▶
c Subtract line 1b from line 1a. If zero or less, enter -0- ▶

10. Form or schedule and line number
to be reported on (see
instructions):
1a
Net loss plus prior year unallowed
loss from form or schedule . ▶
b
Net income from form or
schedule . . . . . . . ▶
c Subtract line 1b from line 1a. If zero or less, enter -0- ▶
Total . . . . . . . . . . . . . . . . . . ▶
Form 8582 (2016)
Version A, Cycle 2
INTERNAL USE ONLY DRAFT AS OF
June 6, 2016
2016 Form 8582
SE:W:CAR:MP
Passive Activity Loss Limitations
Form 8582
Department of the Treasury Internal Revenue Service (99)
Passive Activity Loss Limitations
▶ See separate instructions.
▶ Attach to Form 1040 or Form 1041.
▶ Information about Form 8582 and its instructions is available
at www.irs.gov/form8582.

11. OMB No. 1545-1008
2016
2016. Catalog Number 63704F.
Attachment
Sequence No. 88
Attachment Sequence Number 88. For Paperwork Reduction Act
Notice, see instructions.
Part I
2016 Passive Activity Loss
Caution: Complete Worksheets 1, 2, and 3 before completing
Part I.
Rental Real Estate Activities With Active Participation (For the
definition of active participation, see Special Allowance for
Rental Real Estate Activities in the instructions.)
1
a
Activities with net income (enter the amount from Worksheet 1,
column (a))
1a
b
Activities with net loss (enter the amount from Worksheet 1,
column (b))
1b
c
Prior years unallowed losses (enter the amount from Worksheet
1, column (c))
1c
d
Combine lines 1a, 1b, and 1c
1d
Commercial Revitalization Deductions From Rental Real Estate
Activities

12. 2
a
Commercial revitalization deductions from Worksheet 2,
column (a)
2a
b
Prior year unallowed commercial revitalization deductions from
Worksheet 2, column (b)
2b
c
Add lines 2a and 2b
2c
All Other Passive Activities
3
a
Activities with net income (enter the amount from Worksheet 3,
column (a))
3a
b
Activities with net loss (enter the amount from Worksheet 3,
column (b))
3b
c
Prior years unallowed losses (enter the amount from Worksheet
3, column (c))
3c
d
Combine lines 3a, 3b, and 3c
3d
4

13. Combine lines 1d, 2c, and 3d. If this line is zero or more, stop
here and include this form with your return; all losses are
allowed, including any prior year unallowed losses entered on
line 1c, 2b, or 3c. Report the losses on the forms and schedules
normally used
4
If line 4 is a loss and:
• Line 1d is a loss, go to Part II.
• Line 2c is a loss (and line 1d is zero or more), skip Part II and
go to Part III.
• Line 3d is a loss (and lines 1d and 2c are zero or more), skip
Parts II and III and go to line 15.
Caution: If your filing status is married filing separately and
you lived with your spouse at any time during the year, do not
complete Part II or Part III. Instead, go to line 15.
Part II
Special Allowance for Rental Real Estate Activities With Active
Participation
Note: Enter all numbers in Part II as positive amounts. See
instructions for an example.
5
Enter the smaller of the loss on line 1d or the loss on line 4
5
6
Enter $150,000. If married filing separately, see instructions
6
7
Enter modified adjusted gross income, but not less than zero
(see instructions)
7
Note: If line 7 is greater than or equal to line 6, skip lines 8
and 9, enter -0- on line 10. Otherwise, go to line 8.
8

14. Subtract line 7 from line 6
8
9
Multiply line 8 by 50% (0.5). Do not enter more than $25,000.
If married filing separately, see instructions
9
10
Enter the smaller of line 5 or line 9
10
If line 2c is a loss, go to Part III. Otherwise, go to line 15.
Part III
Special Allowance for Commercial Revitalization Deductions
From Rental Real Estate Activities
Note: Enter all numbers in Part III as positive amounts. See the
example for Part II in the instructions.
11
Enter $25,000 reduced by the amount, if any, on line 10. If
married filing separately, see instructions
11
12
Enter the loss from line 4
12
13
Reduce line 12 by the amount on line 10
13
14
Enter the smallest of line 2c (treated as a positive amount), line
11, or line 13
14
Part IV
Total Losses Allowed
15
Add the income, if any, on lines 1a and 3a and enter the total
15
16

15. Total losses allowed from all passive activities for 2016. Add
lines 10, 14, and 15. See instructions to find out how to report
the losses on your tax return
16
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 63704F
Form 8582 (2016)
Form 8582 (2016)
Page 2
Caution: The worksheets must be filed with your tax return.
Keep a copy for your records.
Worksheet 1—For Form 8582, Lines 1a, 1b, and 1c (See
instructions.)
Name of activity
Current year
Prior years
Overall gain or loss
Name of activity.
(a) Net income (line 1a)
Current year. (a) Net income (line 1a).
(b) Net loss
(line 1b)
Current year. (b) Net loss (line 1b).
(c) Unallowed loss (line 1c)
Prior Years. (c) Unallowed loss (line 1c).
(d) Gain
Overall gain or loss. (d) Gain.
(e) Loss
Overall gain or loss. (e) Loss.
Total. Enter on Form 8582, lines 1a, 1b, and 1c ▶
Total. Enter on Form 8582, lines 1a, 1b, and 1c.
Worksheet 2—For Form 8582, Lines 2a and 2b (See
instructions.)
Name of activity
(a) Current year

16. deductions (line 2a)
(b) Prior year
unallowed deductions (line 2b)
(c) Overall loss
Total. Enter on Form 8582, lines 2a and 2b ▶
Total. Enter on Form 8582, lines 2a and 2b.
Worksheet 3—For Form 8582, Lines 3a, 3b, and 3c (See
instructions.)
Name of activity
Current year
Prior years
Overall gain or loss
Name of activity.
(a) Net income (line 3a)
Current year. (a) Net income (line 3a).
(b) Net loss
(line 3b)
Current year. (b) Net loss (line 3b).
(c) Unallowed loss (line 3c)
Prior years. (c) Unallowed loss (line 3c).
(d) Gain
Overall gain or loss. (d) Gain.
(e) Loss
Overall gain or loss. (e) Loss.
Total. Enter on Form 8582, lines 3a, 3b, and 3c ▶
Total. Enter on Form 8582, lines 3a, 3b, and 3c.
Worksheet 4—Use this worksheet if an amount is shown on
Form 8582, line 10 or 14 (See instructions.)
Name of activity
Form or schedule and line number
to be reported on (see instructions)
(a) Loss
(b) Ratio
(c) Special allowance
(d) Subtract column (c) from column (a)
Total ▶

17. Total.
Worksheet 5—Allocation of Unallowed Losses (See
instructions.)
Name of activity
Form or schedule
and line number
to be reported on
(see instructions)
(a) Loss
(b) Ratio
(c) Unallowed loss
Total ▶
Total.
Form 8582 (2016)
Form 8582 (2016)
Page 3
Worksheet 6—Allowed Losses (See instructions.)
Name of activity
Form or schedule and line number to be reported on (see
instructions)
(a) Loss
(b) Unallowed loss
(c) Allowed loss
Total ▶
Total.
Worksheet 7—Activities With Losses Reported on Two or More
Forms or Schedules (See instructions.)
(a)
(b)
(c) Ratio
(d) Unallowed
loss
(e) Allowed loss
Form or schedule and line number
to be reported on (see
instructions):

18. 1a
Net loss plus prior year unallowed loss from form or schedule
▶
Net loss plus prior year unallowed loss from form or schedule.
b
Net income from form or schedule ▶
Net income from form or schedule.
c
Subtract line 1b from line 1a. If zero or less, enter -0- ▶
Subtract line 1b from line 1a. If zero or less, enter zero.
Form or schedule and line number
to be reported on (see
instructions):
1a
Net loss plus prior year unallowed loss from form or schedule
▶
Net loss plus prior year unallowed loss from form or schedule.
b
Net income from form or schedule ▶
Net income from form or schedule.
c
Subtract line 1b from line 1a. If zero or less, enter -0- ▶
Subtract line 1b from line 1a. If zero or less, enter zero.
Form or schedule and line number
to be reported on (see
instructions):
1a
Net loss plus prior year unallowed loss from form or schedule
▶
Net loss plus prior year unallowed loss from form or schedule.
b

19. Net income from form or schedule ▶
Net income from form or schedule.
c
Subtract line 1b from line 1a. If zero or less, enter -0- ▶
Subtract line 1b from line 1a. If zero or less, enter zero.
Total ▶
Total.
Form 8582 (2016)
f1_1: f1_2: f1_3: f1_4: f1_5: f1_6: f1_7: f1_8: f1_9: f1_10:
f1_11: f1_12: f1_13: f1_14: f1_15: f1_16: f1_17: f1_18: f1_19:
f1_20: f1_21: f1_22: f1_23: f1_24: f1_25: f1_26: f1_27: f1_28:
f1_29: f1_30: f1_31: f1_32: f1_33: f1_34: f1_35: f1_36: f1_37:
f1_38: f1_39: f1_40: f1_41: f1_42: f1_43: f1_44: f1_45: f1_46:
f1_47: f1_48: f1_49: f1_50: f2_1: f2_2: f2_3: f2_4: f2_5: f2_6:
f2_7: f2_8: f2_9: f2_10: f2_11: f2_12: f2_13: f2_14: f2_15:
f2_16: f2_17: f2_18: f2_19_0_: f2_20_0_: f2_21_0_: f2_22_0_:
f2_23_0_: f2_24_0_: f2_25: f2_26: f2_27: f2_28: f2_29: f2_30:
f2_31: f2_32: f2_33: f2_34: f2_35: f2_36: f2_37: f2_38: f2_39:
f2_40: f2_41: f2_42: f2_43: f2_44: f2_45: f2_46: f2_47: f2_48:
f2_49: f2_50: f2_51: f2_52: f2_53: f2_54: f2_55: f2_56: f2_57:
f2_58: f2_59: f2_60: f2_61: f2_62: f2_63: f2_64: f2_65: f2_66:
f2_67: f2_68: f2_69: f2_70: f2_71: f2_72: f2_73: f2_74: f2_75:
f2_76: f2_77: f2_78: f2_79: f2_80: f2_81: f2_82: f2_83: f2_84:
f2_85: f2_86: f2_87: f2_88: f2_89: f2_90: f2_91: f2_92: f2_93:
f2_94: f2_95: f2_96: f2_97: f2_98: f2_99: f2_100: f2_101:
f2_102: f2_103: f2_104: f2_105: f2_106: f2_107: f2_108:
f2_109: f2_110: f2_111: f2_112: f2_113: f2_114: f2_115:
RatioTotal4: 1.00f2_116: f2_117: f2_118: f2_119: f2_120:
f2_121: f2_122: f2_123: f2_124: f2_125: f2_126: f2_127:
f2_128: f2_129: f2_130: f2_131: f2_132: f2_133: f2_134:
f2_135: f2_136: f2_137: f2_138: f2_139: f2_140: f2_141:
f2_142: f2_143: RatioTotal5: 1.00f2_144: f3_01: f3_02: f3_03:
f3_04: f3_05: f3_06: f3_07: f3_08: f3_09: f3_10: f3_11: f3_12:
f3_13: f3_14: f3_15: f3_16: f3_17: f3_18: f3_19: f3_20: f3_21:
f3_22: f3_23: f3_24: f3_25: f3_26: f3_27: f3_28: f3_29: f3_30:

20. f3_31: f3_32: f3_33: f3_34: f3_35: f3_36: f3_37: f3_38: f3_39:
f3_40: f3_41: f3_42: f3_43: f3_44: f3_45: f3_46: f3_47: f3_48:
f3_49: f3_50: f3_51: TotalRatio: 1.00f3_52: f3_53:
Advances In Management
Vol. 9 (5) May (2016)
1
Generation Gaps: Changes in the Workplace due to
Differing Generational Values
Carbary Kelly, Fredericks Elizabeth, Mishra Bharat and Mishra
Jitendra*
Management Department, Grand Valley State University, 50
Front Ave, SW Grand Rapids Michigan 49504-6424, USA
*[email protected]
Abstract
The purpose of this study is to discuss the
generational gaps that are found in the workplace
today. With multiple generations working together,
and the oldest generation having to work longer and
retire later, generational changes are occurring in the
workplace and for management. There is a lack of
communication and understanding between the

21. different generations caused through differing values
and goals. Younger generations are also entering
different fields than those that were popular for older
generations. There is a serious new problem in the
workplace, and it has nothing to do with downsizing,
global competition, pointy-haired bosses, stress or
greed. Instead, it is the problem of distinct
generations — the Veterans, the Baby Boomers, Gen
X and Gen Y — working together and often colliding
as their paths cross.
Individuals with different values, different ideas,
different ways of getting things done and different
ways of communicating in the workplace have always
existed. So, why is this becoming a problem now? At
work, generation differences can affect everything
including recruiting, building teams, dealing with
change, motivating, managing, and maintaining and

22. increasing productivity All of these ideas are
explored, discussed, and evaluated, through looking
at current research on the topic and case studies that
have been conducted not only in the United States but
around the world.
Keywords: Generation gap, workplace, values.
Introduction
Throughout the years, as the population has continued to
both grow and age, it has caused generational changes to
take place in the various aspects of life. With the changes in
the demographics of the world’s population, there have also
been changes in how each group thinks and what they
value. This not only affects the way people behave in their
personal lives, but it also affects the workplace. As
generational changes occur in the workplace, a lack of
communication has caused adisconnect to occur between
the values and goals present among the different age groups
along with newer generations choosing different career

23. paths.
* Author for Correspondence
In order to understand where these differences stem from,
you need to analyze how each generation is different when
it comes to their beliefs and values. So, it is best to identify
the different groups present in workplace which range from
those born in 1922 to those born in the early 1990’s.
Moving chronologically, the first generation introduced
will be the Traditional Generation also known as the Silent
Generation born between 1922 and 1945. While their
numbers are diminishing in the workplace as they age, they
still play a role in the workplace dynamics. Their values
include strictly adhering to the hierarchy present in the
structure of their organization along with following all the
rules which comes from their strong sense of what is right
and wrong.
10

24. The next group that has most recently started exiting the
workforce is the Baby Boomers which include those who
were born between 1956 through 1964. While they are
similar to the silent generation in the fact that they are
loyal, there are some differences present in this particular
generation. They are more dedicated to the workplace and
there is less separation between the workplace and their
private lives. Instead of being focused on following the
rules, a baby boomer is more likely to try and be the person
who is in authority and makes the rules.
In contrast to the work obsessed baby boomers, the next
generation was able to find a better balance between their
personal lives and work. This generation is known as
Generation X, and it includes all individuals born between
the years of 1965 and 1980. While they are still dedicated
to their jobs, they are not as impressed with authority
figures, nor are they as loyal as the previous generations.
Instead, they see themselves as independent people who are

25. able to market themselves successfully. They are more
independent than both the silent generation and the baby
boomers
17
.
The final generation present in the workforce consists of
those who are a part of Generation Y who are also known
as the Millennials including people who were born between
the years 1981 through 1994. This generation’s beliefs and
values are almost the polar opposite of the silent
generation. They highly value their free time and do not
define themselves through their job. Instead, they value the
impact they are able to make on the community through
their active involvement in things that matter to them. At
work, generational differences can affect everything
including recruiting, building teams, dealing with change,
motivating, managing and maintaining and increasing
productivity. Research indicates that people communicate

26. Advances In Management
Vol. 9 (5) May (2016)
2
based on their generational backgrounds. Each generation
has distinct attitudes, behaviors, expectations, habits and
motivational buttons. Learning how to communicate with
the different generations can eliminate many major
confrontations and misunderstandings in the workplace and
the world of business.
The characteristics listed in the table 1 and 2 are but a very
few of those that have been studied and reported by various
authors. Not every person in a generation will share all of
the various characteristics shown in table 1 or 2 with others
in the same generation. However, these examples are
indicative of general patterns in the relationships between
and among family members, friends and people in the
workplace. Individuals born at one end of the date range or

27. the other may see overlapping characteristics with the
preceding or succeeding generation. From the tables, you
can easily see why Generation X cannot understand what
their grandparents mean by the traditional family or what
fun it was to spend Christmas together as a family. Are you
worried about the possibility of your Baby Boomer children
being unable to retire or having to move in with you or
their children as they reach the latter years of their lives?
By understanding the differences present in each
generation, it explains where the disconnect stems from.
Over time, it seems that the things that each generation
values has slowly transformed. While there is a huge
dichotomy between the Silent Generation and the
Millennials, this did not take place overnight. When
examining each generation it is clear that it was a slow
metamorphous that took place and that this change is
currently affecting the workplace.

28. With the individuals who are a part of the different
generations being so different, it can cause conflict in the
workplace. This comes from miscommunication and
predisposed notions that the generations may have of each
other. By having such different viewpoints, it is clear that
people are making different life choices and it makes it
harder to develop interpersonal relationships. However,
with better communication, it is possible to bridge this
generation gap.
Differences in Generational Values and the
influence on the Workplace
The Generation Gap is a constant issue within the
workplace, primarily from a manager's viewpoint. An
article found in the Benefits and Compensation Digest
states, “Some HR directors are strongly biased in favor of
retiring workers over the age of 50, claiming that older
workers are expensive to maintain, adapt poorly to change,
are hard to mesh with younger workers and have a poor

29. return on investment for training.
7
” This shows the
difference in generations and how many problems may
occur in the workplace. The older generation is less focused
on technology and the bottom line than the new generation.
However, they excel in planning and verbal abilities.
An Institute of Electrical and Electronics Engineers survey
reported that “Older U.S. workers were better problem
solvers and equal in technical knowledge and teamwork
skills. While younger people may be better at adopting the
latest technologies, workers aged 45 and over were stronger
as project managers.
2
” Many differences between the
generations create issues and the most problematic being;
older generations are often managing younger generations.
This creates an issue when knowing how employees work
best and how to manage them. The baby boomers and older

30. are not satisfying the needs of generation Y, the most
recent generation. As generation Y is the most recent group
of job seekers coming from college, it makes it difficult to
fulfill a job to their satisfaction when working under a
different style of management.
“Gen Xers were born between 1961 and 1976. Unlike the
generations before them, almost half of Gen Xers spent
time in single-family homes where the parent was often
working, so they became independent, self-reliant
survivors. Gen Xers generally lack reverence for authority
because they've seen many authority figures falter, so they
place a relatively low value on the hierarchical status of an
individual. They're the first generation to insist on
independence in the workplace, the freedom to do things
their own way with minimal rules and bureaucracy and
they're repelled by command-and-control management
structures.
2
”

31. Socio-psychological Model of Career Choice
Years of research and numerous studies have proven that
different factors influence men and women when they are
deciding what career path to take. Men and women see
things differently and may hold different core values
playing a role in the career that they end up choosing.
However there are certain things that are the same for both
men and women when it comes to influencing work choice.
One of the major factors that are the same for both sexes is
motivation in the form of survival, pleasure and
contribution
1
. The motivation to work in order to satisfy
these needs, including getting a paying job and supporting a
family, is exactly the same for both men and women.
A major influence on men and women often choosing
different career paths comes from how the different genders
are treated. Men are stereotyped to be very physical, strong

32. and intellectual whereas women are seen to be more
demure, nurturing and sympathetic towards others. These
stereotypes are often enforced through school and the
media, influencing future work choices
1
. Men are more
likely to pick careers as police men and engineers whereas
women seem to become schoolteachers more than men.
Advances In Management
Vol. 9 (5) May (2016)
3
Table 1
Generation Timeline
.
Source: Greg Hammill
5

33. Table 2
Workplace Characteristics
Source: Greg Hammill
5
Advances In Management
Vol. 9 (5) May (2016)
4
Although some factors are the same for men and women
already, the factors that cause them to choose different
careers are changing. There are more opportunities for
women now that allow them a wider range of career
options, allowing the opportunities to become more
equalized between the genders.

34. Medical Field Career Choices
Many recent studies have indicated that there has been a
major decrease in the number of medical students choosing
to become primary care or general surgeons has greatly
decreased, while the number of students choosing to study
non-primary care and specialties has increased
11
. In 1998,
the percentage of students matching to primary care
specialties was 53.2% and by the year 2002, this number
had decreased to only 44.2%. At the same time, both
anesthesiology and orthopedic surgery have seen great
increases in the number of students choosing this career
path.
One of the reasons that have been used to explain the
decreasing number of primary care physicians is that much
of primary care today is provided by nurse practitioners and
physician assistants in an office setting
11

35. . Many of students
are choosing to study specialties that require the use of new
medical technologies that are constantly changing and
needing to be learned. The youngest generation today
wants to be up to date and using the newest technologies,
influencing their decision on the type of medicine they
would like to practice in the future. Much of older
generations were general surgeons because the technology
was not available then for a student to specialize in some of
the areas that they are able to specialize in today.
The dramatic reduction in the number of medical students
choosing to become general surgeons and primary care
physicians may have major effects in the future, if this
trend in decline continues to occur. With less general care
doctors, patients will have to wait longer to be treated at a
doctor’s office. Patients will also be forced to go to
multiple specialty doctors for different problems as

36. opposed to one primary care doctor that may be able to
help out with all the medical issues at once.
Gender Differences in Job Choice Factors
Studies have shown that job choice influences are different
in some aspects for men and women. In the past, women’s
future consisted of homemaking. There are many more
opportunities for women today, allowing them to choose
from a wide range of jobs. However, men and women still
often choose different jobs and are influenced by different
factors despite growing gender equality.
In a study done by Borg
3
, males were more likely to wish
to enter skilled and unskilled operations than girls,
suggesting that girls may have higher aspirations than boys.
However, boys are still more likely to have higher positions
in occupations than girls are. Girls are also more likely than
boys to choose personal service jobs. Both sexes equally
showed a preference for working in a bank.

37. As part of the study, students had to choose from three
different motives for choosing a certain occupation. The
three motives were enjoyment of chosen work, job security,
and good wages. Students could also give a different reason
in they wished to. For both sexes, the top factor in job
choice was interest in the future career and being good at it.
The next two most important factors for boys were good
wages and job security whereas for girls they were reasons
of their own such as being useful to society, over good
pay
3
. These leading factors are a change from older
generations where good pay and a job that could be held for
the entire career lifetime of a person were the most
important factors in picking a job. Younger generations
wish to have a job that they enjoy and that contributes to
society, rather than one that has a high paying salary.
Our Generation: Generation Y

38. Generation Y is a complex and exciting young generation
that offers unique challenges and advantages to marketers,
managers, and educators. The values and behavior of the
“Millennials” are understood to be generally optimistic to
the point of idealism, entitled to fulfillment outside of
simply profiting from their work, and they have a strong
need for encouragement and recognition. These traits
sometimes cause misunderstandings and can be the basis
for youth-targeted discrimination and ageism but when
there is mutual understanding, the younger generation and
the older generations can work together to create more
progress, synergy, and a stronger economy than the world
has ever seen.
To fully understand the Millennials, one must first look at
their environment. The wants and needs of the younger
generation come often from a parental and societal pressure
to “be anything”, “do anything”, and reach one’s full
potential in a broad sense of the word. Most children of the

39. past twenty years were raised lovingly by baby boomers
who told them they were special, exceptional with
unlimited potential. This leads to idealism and entitlement
but also great expectations of accomplishment and
fulfillment. While Generation Y might feel they deserve
everything they want, they are also a valuable asset in the
respect that they strive for perfection and excellence when
they care about the subject at hand. This element of
engagement is crucial to getting the most out of a
millennial worker because their needs of personal
investment in their work are often higher than their need for
monetary gain.
Employee retention presents a difficulty with millennial
workers, because they do not see themselves as the type to
work one job their entire lives as their Baby-Boomer
parents did. In contrast to older generations, most
Millennials see their work as a smaller part of their lives,

40. not as the central purpose or drive. This should not frighten
Advances In Management
Vol. 9 (5) May (2016)
5
employers because it means that often Millennials will
work for less money at a job they love while on the other
hand it takes more money to retain unsatisfied or
uninterested millennial employees. This highlights the
importance of cultivating personal investment in the
millennial employees under your management. This can be
done with praise, respect, and by making the goals of the
individual align with the company’s goals. Many successful
managers choose to both mentor and learn from Millennials
to better gain their trust. While Millennials have a need to
understand the workings and goals of the company, the
older generations should understand that they have much to
learn from the technology, ideas, and attitudes of the

41. millennial employees.
Implications/Analysis of Career Choice
Perceptions
Generation gaps in different careers and the workforce as a
whole are the big problems being faced in the career world
today. Managers have to learn how to manage workers
from different generations including the Baby Boomers,
Generation X, and Generation Y. We see today a trend
change in the types of jobs that recent college graduates are
choosing. Different factors are being taken in consideration
by younger generations when they enter the work force.
All of these different factors and trends that have been
studied and theorized about can be seen in the real world
today. An Australian study by Ruth Sibson
14
shows that
students who are currently studying for a degree in event,
sport and recreation management value different things in a

42. job than were valued by people of older generations such as
Baby Boomers. The purpose of the case study was to
“examine the factors undergraduate university students
studying event, sport, and recreation management found
important when seeking a career.” This is a field of study
that is becoming increasingly popular as students seek to
study applied business practices.
In order to understand what students wanted in a career,
every first year student in the event, sport, and recreation
management field of study took a survey on what they were
looking for. The survey had three parts. The first part asked
for the student’s demographic information. The second part
was an open response section where the students were able
to list the top three things they looked for when searching
for a job. For the last part of the survey, students were
given a list of 21 different factors to consider when looking
for a job and they had to rank those factors from most
important to least important in terms of what they

43. considered while job hunting.
The results of this survey were interesting and indicate a
change from the trends in career choice factors that have
been observed in the past. The results of the survey
indicated that the top three factors for the students in
looking for a career were enjoyable work, interesting work,
and good career opportunities. The bottom three factors
were challenging work, professional prestige/high status of
future career and standard hours of work. The opportunity
for creativity and originality also ranked very highly, above
any factors that discussed wages in fact.
These results show a change in trends in career choice
factors. In the past, especially with the Baby Boomer
generation, men looked for a high paying job with standard
9-5 hours that could fully support their family. One of the
most important things to these men was the reputation that
their name held in the community and a high status job

44. improved this reputation. Today, the chance for
professional prestige ranks at the very bottom of the list, at
20 out of 21.
Based on the current research, it appears as though the
factors that influence job choice and the importance
students place on certain ones are changing. There is no
consensus that has definitively been reached yet, but all
research indicates a change away from jobs that were
considered most desirable by older generations. Generation
Y, the generation that is currently entering the job force, is
looking for interesting and creative work that they will
enjoy. They want a job that they enjoy doing, over a job
that pays the highest salary.
Generations together in Employment
When examining the case, “Generations Together in
Employment,” it is clear that there are many benefits that
can result from communication between the older and

45. younger generations. When the Worcestershire County
Council organized this case study, their primary focus was
the uniting of the generations so they could foster an
environment that helped them respect each other and share
their skills. Once they recruited individuals and paired them
together in a mentor/mentee relationship, they began to
analyze the changes that took place over time.
When this project was initially started, neither party
showed much interest in working together towards the
common goal of enriching each other’s lives. Both groups
held negative stereotypes geared towards each other, and
were reluctant to let these ideals go. However as time
progressed, these viewpoints changed. By spending a
couple hours together a week, both parties had the negative
stereotypes they held about each other challenged and
dispelled. This helped people feel comfortable interacting
with each other and it improved their individual feeling of
self-worth.

46. While these improvements were great on an individual
basis, they also had a wider impact on the community as a
whole. Through the interactions among the different age
groups, it increased the value of the input that was being
contributed to the community. After the conclusion of the
case study, people were working together and making
positive changes around the community
19
. This case study
shows that by building relationships and having open
Advances In Management
Vol. 9 (5) May (2016)
6
communication it can change how people perceive each
other and improve the overall environment.
While this case study was not conducted in the workplace,
it can still be inferred that there would be a similar effect if

47. these bonds were formed there. The case illustrates that
people typically form assumptions about others based on
what they have observed a few people in a particular group
do. Based on these stereotypes, it can cause there to be
issues when it comes to forming relationships because of
what that person believes they already know. These things
can be dispelled through communication; however this is
not something that is always easy to do. One of the
struggles the County Council faced at the start of this case
was finding a way to get people to be interested in
participating because there was a general lack of
enthusiasm.
In the workplace, it is also not as likely that mentor/mentee
relationships will automatically develop and would be
faced with some type of resistance. There may also be
additional barriers present since someone is either on your
same level as your coworker or one of the individuals is the

48. boss. So, if a similar program were to be implemented, they
would also need to rely on upper management and media
incentives to get the program up and running.
Generational Differences in Work Values
An examination of work values and generational gaps in
the hospitality workforce is a case study that was done in
order to identify generational differences and similarities
among hospitality employees and managers in order to
develop leadership strategies and management styles that
can be utilized to increase employee morale. Data was
collected by a series of in-depth focus groups and
discussions. These focus groups are real life examples that
are used in order to examine real people in the workforce.
Perceptions of Millennial Generation employees include:
No sense of urgency, lack ownership, teach a lot more, lack
common sense, quick learners, they are in search of role
models, overconfident, want constant praise, and do not
understand that business is driven by customers and guests.

49. Baby Boomers are too financially driven, cut too many
corners, very loyal to the company, fear change, not part of
a team, and are not up to date with technology.
After observing these different values the two groups
possess it is evident that the older generation is extremely
bothered by the younger generation. In order to best
manage baby boomers, it is important to show a high
amount of recognition in order to praise them for their long
work history and encourage them to help train the younger
generations as they come into the work force. The findings
show that companies should offer mentor programs in order
to decrease workplace conflicts. Pairing a baby boomer
with a younger generation member might solve complaints
they have of one another. It will also give baby boomers a
chance to mentor younger generations by utilizing their life
experiences and sharing obstacles they have encountered as
well as providing an opportunity to get to know one
another.

50. Training sessions should be in place in order to focus on
how to show respect to the experiences of older employees.
To make older employees feel more important and
recognized for their long time of hard work, Gen X
managers and employees should acknowledge that they
have less experience than the baby boomers and are
willing/want to learn from them. This more times than not
creates a positive work environment.
Generation Y
The future will see more and more Millennials taking on
management roles themselves which will create new
difficulties and rewards. One major challenge faced by
young managers will be to understand the needs and
expectations of older generations. With many economic
and demographic changes affecting the makeup of the
global workplace, the average age of employed people is
getting older and older. Many retired people are returning

51. to work or taking on other jobs to help support themselves
and their families and as people live longer, their need for
support increases. This will create a need for sympathetic
and professional managers who can deal with the
differences of outlook and expectations. While Millennials
will continue to be idealistic and entitled for much of their
lives, they will often have more ambitious goals and needs
than their previous generations. They will need to balance
their personal needs for success and growth with the
realities of the working world- namely that they would not
all be changing the world. Many jobs are mundane by
nature and do not necessarily evoke a feeling of purpose
and dedication in their employees.
The types of jobs that attract the Millennials are jobs that
engage them on multiple levels- enjoyment, social
responsibility, and advancement towards a greater goal or
responsibility. Millennials are high involvement in many
products that they like so their dream jobs are at their

52. favorite companies, usually tech giants like Apple, Google,
and Facebook. The challenge of managers is to bring the
same level of desire and job satisfaction to employees of
their business that they might find elsewhere. The inclusion
of reward- based management, free and open vertical
communication, and clear direction all will help to further
this end. The increase in employee autonomy allows the
Millennials to work unbridled by the communication and
transportation problems of the past. Many Millennials
might feel more comfortable working from home, or using
their laptop as their office, allowing for many more flexible
working situations in the future.
Conclusion and Recommendations
With the above observations in mind, let us look at a few
work situations and how one might handle them.
Advances In Management
Vol. 9 (5) May (2016)

53. 7
• At annual appraisal time, a manager from the Veterans
generation gives out a nice bonus for a project well done.
The Generation X employee is ungrateful and says, “Why
didn’t I get this six months ago, when the project was
completed?” Gen X wants instant gratification, whereas a
person in the Veterans generation is happy to get money
anytime. The solution here may be for the company to
explore reward plans geared to the different generations, or
things like monetary rewards and recognition given at the
time when it is earned.
• A Generation X manager tells a Boomer he has been
working too hard and should take time off to take the
family on vacation. Instead of saying thanks, the Boomer
replies, “I work to get ahead, to get a promotion, not for a
vacation.” The next time that situation comes up, the
manager might elect to give this particular employee a
bonus, rather than suggest a vacation.

54. A Boomer is working for a Generation Y individual, and
there is nothing but animosity between the two. Why?
Generation Y individuals, born since 1980, have many of
the traits of the Veterans. They are not like their parents.
They are curious, goal-oriented and loyal.
Solution
,
consider having Boomers work for Veterans rather than
Gen Ys.. To work effectively and efficiently, to increase
productivity and quality, one needs to understand
generational characteristics and learn how to use them
effectively in dealing with each individual.
Some other suggestions to bridge the generation gap are to

55. introduce programs and policies that allow all generations
to feel comfortable and as if their needs are being met and
they are being respected as an individual
18
. By making the
workplace more flexible and fair to everyone, it allows
people to find their comfort zone and work in an
environment that suits them. Introducing specific programs
that allow workers to build upon teamwork and the sharing
of their knowledge can also close the generation gap by
providing the tools necessary to make sure everyone is on
the same level.

56. One recommendation being extremely relevant is a way for
baby boomers to manage younger employees. The younger
generation works to live and wants to balance a healthy
work and life lifestyle. If baby boomers expect the younger
generation to work long hours and make too many
sacrifices for the company, it will often send them job
hunting. Communication needs to be at its prime and
objectives need to be set in order to get work done.
Younger generations are good at multi-tasking, so keep
them motivated by giving them several things to do at once.
They like getting everything done and accomplished and
need praise for it. Boomers should spend time assessing
younger employees and give frequent criticism and praise.

57. To help minimize the number of problems that occur
between generations, employers and managers need to
educate their workers. Oftentimes, it is solid facts that get
the point across to people. If employers were to provide
their workers with the results from surveys that indicate
what the younger generations look for in a job, older
generations may better understand. This will not fix the
problem entirely, but it will certainly help the older
generations to understand why younger workers act the
way they do, hold certain values, and do not place their job
as the number one priority in their life.

58. Through the unification of the different generations in the
workplace, the generation gap would not exist. If everyone
were to feel included and appreciated in their work
environment, there would be fewer issues that can arise
from generation gaps. Being a part of such an open
environment would lead to the sharing of knowledge and
skills that could have otherwise been lost. By bridging the
generation gap, it can improve on the level of human
capital present in the workplace and the overall working
environment.
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(Received 05
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February 2016, accepted 12
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March 2016)

65. Reproduced with permission of the copyright owner. Further
reproduction prohibited without
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same box checked as you need.
(A) Short-term transactions reported on Form(s) 1099-B
showing basis was reported to the IRS (see Note above)
(B) Short-term transactions reported on Form(s) 1099-B
showing basis wasn't reported to the IRS
(C) Short-term transactions not reported to you on Form 1099-B

68. 1
(a)
Description of property
(Example: 100 sh. XYZ Co.)
(b)
Date acquired
(Mo., day, yr.)
(c)
Date sold or
disposed of
(Mo., day, yr.)
(d)
Proceeds
(sales price)
(see instructions)
(e)
Cost or other basis.

69. See the Note below
and see Column (e)
in the separate
instructions
Adjustment, if any, to gain or loss.
If you enter an amount in column (g),
enter a code in column (f).
See the separate instructions.
(f)
Code(s) from
instructions
(g)
Amount of
adjustment
(h)
Gain or (loss).
Subtract column (e)
from column (d) and

70. combine the result
with column (g)
2 Totals. Add the amounts in columns (d), (e), (g), and (h)
(subtract
negative amounts). Enter each total here and include on your
Schedule D, line 1b (if Box A above is checked), line 2 (if Box
B
above is checked), or line 3 (if Box C above is checked) ▶
Note: If you checked Box A above but the basis reported to the
IRS was incorrect, enter in column (e) the basis as reported to
the IRS, and enter an
adjustment in column (g) to correct the basis. See Column (g) in
the separate instructions for how to figure the amount of the
adjustment.
For Paperwork Reduction Act Notice, see your tax return
instructions. Cat. No. 37768Z Form 8949 (2017)
Form 8949 (2017) Attachment Sequence No. 12A Page 2

71. Name(s) shown on return. Name and SSN or taxpayer
identification no. not required if shown on other side Social
security number or taxpayer identification number
Before you check Box D, E, or F below, see whether you
received any Form(s) 1099-B or substitute statement(s) from
your broker. A substitute
statement will have the same information as Form 1099-B.
Either will show whether your basis (usually your cost) was
reported to the IRS by your
broker and may even tell you which box to check.
Part II Long-Term. Transactions involving capital assets you
held more than 1 year are long term. For short-term
transactions, see page 1.
Note: You may aggregate all long-term transactions reported on
Form(s) 1099-B showing basis was reported
to the IRS and for which no adjustments or codes are required.
Enter the totals directly on Schedule D, line
8a; you aren't required to report these transactions on Form
8949 (see instructions).
You must check Box D, E, or F below. Check only one box. If
more than one box applies for your long-term transactions,
complete

72. a separate Form 8949, page 2, for each applicable box. If you
have more long-term transactions than will fit on this page for
one or
more of the boxes, complete as many forms with the same box
checked as you need.
(D) Long-term transactions reported on Form(s) 1099-B
showing basis was reported to the IRS (see Note above)
(E) Long-term transactions reported on Form(s) 1099-B
showing basis wasn't reported to the IRS
(F) Long-term transactions not reported to you on Form 1099-B
1
(a)
Description of property
(Example: 100 sh. XYZ Co.)
(b)
Date acquired
(Mo., day, yr.)
(c)
Date sold or

73. disposed of
(Mo., day, yr.)
(d)
Proceeds
(sales price)
(see instructions)
(e)
Cost or other basis.
See the Note below
and see Column (e)
in the separate
instructions
Adjustment, if any, to gain or loss.
If you enter an amount in column (g),
enter a code in column (f).
See the separate instructions.
(f)

74. Code(s) from
instructions
(g)
Amount of
adjustment
(h)
Gain or (loss).
Subtract column (e)
from column (d) and
combine the result
with column (g)
2 Totals. Add the amounts in columns (d), (e), (g), and (h)
(subtract
negative amounts). Enter each total here and include on your
Schedule D, line 8b (if Box D above is checked), line 9 (if Box
E
above is checked), or line 10 (if Box F above is checked) ▶
Note: If you checked Box D above but the basis reported to the

75. IRS was incorrect, enter in column (e) the basis as reported to
the IRS, and enter an
adjustment in column (g) to correct the basis. See Column (g) in
the separate instructions for how to figure the amount of the
adjustment.
Form 8949 (2017)
Version A, Cycle 2
INTERNAL USE ONLY
DRAFT AS OF
June 19, 2017
2017 Form 8949
SE:W:CAR:MP
Sales and Other Dispositions of Capital Assets
Form 8949
Department of the Treasury Internal Revenue Service
Sales and Other Dispositions of Capital Assets
▶ Go to www.irs.gov/Form8949 for instructions and the latest
information.
▶ File with your Schedule D to list your transactions for lines
1b, 2, 3, 8b, 9, and 10 of Schedule D.
OMB No. 1545-0074
2017

76. 2017. Catalog Number 37768Z.
Attachment
Sequence No. 12A
Attachment Sequence Number 12A. For Paperwork Reduction
Act Notice, see your tax return instructions.
Before you check Box A, B, or C below, see whether you
received any Form(s) 1099-B or substitute statement(s) from
your broker. A substitute statement will have the same
information as Form 1099-B. Either will show whether your
basis (usually your cost) was reported to the IRS by your broker
and may even tell you which box to check.
Part I
Short-Term. Transactions involving capital assets you held 1
year or less are short term. For long-term transactions, see page
2.
Note: You may aggregate all short-term transactions reported on
Form(s) 1099-B showing basis was reported to the IRS and for
which no adjustments or codes are required. Enter the totals
directly on Schedule D, line 1a; you aren't required to report
these transactions on Form 8949 (see instructions).
You must check Box A, B, or C below. Check only one box. If
more than one box applies for your short-term transactions,
complete a separate Form 8949, page 1, for each applicable box.
If you have more short-term transactions than will fit on this
page for one or more of the boxes, complete as many forms with

77. the same box checked as you need.
1
(a)
Description of property
(Example: 100 sh. XYZ Co.)
(b)
Date acquired (Mo., day, yr.)
(c)
Date sold or
disposed of (Mo., day, yr.)
(d)
Proceeds
(sales price)(see instructions)
(e)
Cost or other basis.
See the Note below
and see Column (e)
in the separate
instructions
Adjustment, if any, to gain or loss.
If you enter an amount in column (g),
enter a code in column (f).
See the separate instructions.
(f)
Code(s) from

78. instructions
(g)
Amount of
adjustment
(h)
Gain or (loss).
Subtract column (e) from column (d) and combine the result
with column (g)
(a) Description of property (Example: 100 shares X Y Z
Company).
(b) Date acquired (Month, day, year).
(c) Date sold or disposed of (Month, day, year).
(MM/DD/YYYY)
(d) Proceeds (sales price) (see instructions).
(e) Cost or other basis. See the Note below and see Column (e)
in the separate instructions. Note. If you checked Box A above
but the basis reported to the I R S was incorrect, enter in
column (e) the basis as reported to the I R S, and enter an
adjustment in column (g) to correct the basis. See Column (g) in
the separate instructions for how to figure the amount of the

79. adjustment.
Adjustment, if any, to gain or loss. If you enter an amount in
column (g), enter a code in column (f). See the separate
instructions. (f) Code (or Codes) from instructions.
Adjustment, if any, to gain or loss. If you enter an amount in
column (g), enter a code in column (f). See the separate
instructions. (g) Amount of
adjustment.
(h) Gain or (loss). Subtract column (e) from column (d) and
combine the result with column (g).
2
Totals. Add the amounts in columns (d), (e), (g), and (h)
(subtract negative amounts). Enter each total here and include
on your Schedule D, line 1b (if Box A above is checked), line 2
(if Box B above is checked), or line 3 (if Box C above is
checked) ▶
Note: If you checked Box A above but the basis reported to the
IRS was incorrect, enter in column (e) the basis as reported to
the IRS, and enter an adjustment in column (g) to correct the
basis. See Column (g) in the separate instructions for how to
figure the amount of the adjustment.
For Paperwork Reduction Act Notice, see your tax return

80. instructions.
Cat. No. 37768Z
Form 8949 (2017)
Form 8949 (2017)
Attachment Sequence No. 12A
Page 2
Before you check Box D, E, or F below, see whether you
received any Form(s) 1099-B or substitute statement(s) from
your broker. A substitute statement will have the same
information as Form 1099-B. Either will show whether your
basis (usually your cost) was reported to the IRS by your broker
and may even tell you which box to check.
Part II
Long-Term. Transactions involving capital assets you held more
than 1 year are long term. For short-term transactions, see page
1.
Note: You may aggregate all long-term transactions reported on
Form(s) 1099-B showing basis was reported to the IRS and for
which no adjustments or codes are required. Enter the totals
directly on Schedule D, line 8a; you aren't required to report
these transactions on Form 8949 (see instructions).
You must check Box D, E, or F below. Check only one box. If
more than one box applies for your long-term transactions,
complete a separate Form 8949, page 2, for each applicable box.
If you have more long-term transactions than will fit on this

81. page for one or more of the boxes, complete as many forms with
the same box checked as you need.
1
(a)
Description of property
(Example: 100 sh. XYZ Co.)
(b)
Date acquired (Mo., day, yr.)
(c)
Date sold or
disposed of (Mo., day, yr.)
(d)
Proceeds
(sales price)(see instructions)
(e)
Cost or other basis.
See the Note below
and see Column (e)
in the separate
instructions
Adjustment, if any, to gain or loss.
If you enter an amount in column (g),
enter a code in column (f).
See the separate instructions.
(f)

82. Code(s) from
instructions
(g)
Amount of
adjustment
(h)
Gain or (loss).
Subtract column (e) from column (d) and combine the result
with column (g)
(a) Description of property (Example: 100 shares X Y Z
Company).
(b) Date acquired (Month, day, year).
(c) Date sold or disposed of (Month, day, year).
(d) Proceeds (sales price) (see instructions).
(e) Cost or other basis. See the Note below and see Column (e)
in the separate instructions. Note. If you checked Box D above
but the basis reported to the I R S was incorrect, enter in
column (e) the basis as reported to the I R S, and enter an
adjustment in column (g) to correct the basis. See Column (g) in
the separate instructions for how to figure the amount of the

83. adjustment.
Adjustment, if any, to gain or loss. If you enter an amount in
column (g), enter a code in column (f). See the separate
instructions. (f) Code (or Codes) from instructions.
Adjustment, if any, to gain or loss. If you enter an amount in
column (g), enter a code in column (f). See the separate
instructions. (g) Amount of
adjustment.
(h) Gain or (loss). Subtract column (e) from column (d) and
combine the result with column (g).
2
Totals. Add the amounts in columns (d), (e), (g), and (h)
(subtract negative amounts). Enter each total here and include
on your Schedule D, line 8b (if Box D above is checked), line 9
(if Box E above is checked), or line 10 (if Box F above is
checked) ▶
Note: If you checked Box D above but the basis reported to the
IRS was incorrect, enter in column (e) the basis as reported to
the IRS, and enter an adjustment in column (g) to correct the
basis. See Column (g) in the separate instructions for how to
figure the amount of the adjustment.
Form 8949 (2017)

84. f1_1: f1_2: c1_1: f1_3: f1_4: f1_5: f1_6: f1_7: f1_8: f1_9:
f1_10: f1_11: f1_12: f1_13: f1_14: f1_15: f1_16: f1_17: f1_18:
f1_19: f1_20: f1_21: f1_22: f1_23: f1_24: f1_25: f1_26: f1_27:
f1_28: f1_29: f1_30: f1_31: f1_32: f1_33: f1_34: f1_35: f1_36:
f1_37: f1_38: f1_39: f1_40: f1_41: f1_42: f1_43: f1_44: f1_45:
f1_46: f1_47: f1_48: f1_49: f1_50: f1_51: f1_52: f1_53: f1_54:
f1_55: f1_56: f1_57: f1_58: f1_59: f1_60: f1_61: f1_62: f1_63:
f1_64: f1_65: f1_66: f1_67: f1_68: f1_69: f1_70: f1_71: f1_72:
f1_73: f1_74: f1_75: f1_76: f1_77: f1_78: f1_79: f1_80: f1_81:
f1_82: f1_83: f1_84: f1_85: f1_86: f1_87: f1_88: f1_89: f1_90:
f1_91: f1_92: f1_93: f1_94: f1_95: f1_96: f1_97: f1_98: f1_99:
f1_100: f1_101: f1_102: f1_103: f1_104: f1_105: f1_106:
f1_107: f1_108: f1_109: f1_110: f1_111: f1_112: f1_113:
f1_114: f1_115: f1_116: f1_117: f1_118: f2_1: f2_2: c2_1:
f2_3: f2_4: f2_5: f2_6: f2_7: f2_8: f2_9: f2_10: f2_11: f2_12:
f2_13: f2_14: f2_15: f2_16: f2_17: f2_18: f2_19: f2_20: f2_21:
f2_22: f2_23: f2_24: f2_25: f2_26: f2_27: f2_28: f2_29: f2_30:
f2_31: f2_32: f2_33: f2_34: f2_35: f2_36: f2_37: f2_38: f2_39:
f2_40: f2_41: f2_42: f2_43: f2_44: f2_45: f2_46: f2_47: f2_48:
f2_49: f2_50: f2_51: f2_52: f2_53: f2_54: f2_55: f2_56: f2_57:
f2_58: f2_59: f2_60: f2_61: f2_62: f2_63: f2_64: f2_65: f2_66:
f2_67: f2_68: f2_69: f2_70: f2_71: f2_72: f2_73: f2_74: f2_75:
f2_76: f2_77: f2_78: f2_79: f2_80: f2_81: f2_82: f2_83: f2_84:
f2_85: f2_86: f2_87: f2_88: f2_89: f2_90: f2_91: f2_92: f2_93:
f2_94: f2_95: f2_96: f2_97: f2_98: f2_99: f2_100: f2_101:

85. f2_102: f2_103: f2_104: f2_105: f2_106: f2_107: f2_108:
f2_109: f2_110: f2_111: f2_112: f2_113: f2_114: f2_115:
f2_116: f2_117: f2_118: designer__defaultHyphenation:
HOMEWORK 5
DUE MONDAY MAY 7TH AT 2PM
Your homework should be written on standard-sized paper, and
loose sheets
must be stapled together.
(1) Consider the four vectors
a = (2, 1, 0), b = (1, 0,−1),
c = (−1, 1, 1), d = (0,−1, 1),
in R3. Let U = spanR(a,b) and W = spanR(c,d). Find a basis for
each of
the subspaces U, W , and U ∩W , and hence use the dimensions
of these three
spaces to conclude that U + W = R3. Justify all of your answers.

86. (2) Find a basis for each of the following vector spaces, and
hence compute their
dimension. (You may assume that each space uses the standard
addition and
scalar multiplication for that type of vector space, except where
specified.)
(a) V1 = {(x,y,z) ∈ R3 | 3x + 2y + z = 0}.
(b) V2 = {p(x) ∈ P5(R) | p′(x) has degree ≤ 2}. (p′(x) is the
usual definition
of derivative of polynomials.)
(c) V3 = C2, viewed as a vector space over R.
(3) Let T : R2 −→ P2(R) be the map defined by
T(a,b) = (a + b) + a2λx2,
where λ ∈ R. For what values of λ is T a linear map? Justify
your answer.

87. (4) Let b ∈ F, and define a map T : F∞ −→ F∞ by
T(x1,x2,x3, . . . ) = (b,x1,x2, . . . ).
Prove that T is a linear map if and only if b = 0.
(5) Let T ∈ L(V,W) and suppose that v1, . . . ,vn ∈ V are such
that
Tv1,Tv2, . . . ,Tvn are linearly independent in W . Prove that
v1, . . . ,vn are
linearly independent in V .
1
SCHEDULE SE
(Form 1040)
Department of the Treasury
Internal Revenue Service (99)
Self-Employment Tax

88. ▶ Information about Schedule SE and its separate instructions
is at www.irs.gov/schedulese.
▶ Attach to Form 1040 or Form 1040NR.
OMB No. 1545-0074
2016
Attachment
Sequence No. 17
Name of person with self-employment income (as shown on
Form 1040 or Form 1040NR) Social security number of person
with self-employment income ▶
Before you begin: To determine if you must file Schedule SE,
see the instructions.
May I Use Short Schedule SE or Must I Use Long Schedule SE?
Note. Use this flowchart only if you must file Schedule SE. If
unsure, see Who Must File Schedule SE in the instructions.
No

89. Did you receive wages or tips in 2016?
Yes
▼ ▼ ▼
Are you a minister, member of a religious order, or Christian
Science practitioner who received IRS approval not to be taxed
on earnings from these sources, but you owe self-employment
tax on other earnings?
Yes
▶
No
▼
Are you using one of the optional methods to figure your net
earnings (see instructions)?
Yes
▶
No
▼

90. Did you receive church employee income (see instructions)
reported on Form W-2 of $108.28 or more?
Yes
▶
No
▼
You may use Short Schedule SE below
Was the total of your wages and tips subject to social security
or railroad retirement (tier 1) tax plus your net earnings from
self-employment more than $118,500?
Yes
▶
No
▼
Did you receive tips subject to social security or Medicare tax
that you didn't report to your employer?

91. Yes
▶
No
▼
No
◀
Did you report any wages on Form 8919, Uncollected Social
Security and Medicare Tax on Wages?
Yes
▶
▶ You must use Long Schedule SE on page 2
▼
Section A—Short Schedule SE. Caution. Read above to see if
you can use Short Schedule SE.
1a Net farm profit or (loss) from Schedule F, line 34, and farm
partnerships, Schedule K-1 (Form
1065), box 14, code A . . . . . . . . . . . . . . . . . . . . . . . . 1a

92. b If you received social security retirement or disability
benefits, enter the amount of Conservation Reserve
Program payments included on Schedule F, line 4b, or listed on
Schedule K-1 (Form 1065), box 20, code Z 1b ( )
2 Net profit or (loss) from Schedule C, line 31; Schedule C-EZ,
line 3; Schedule K-1 (Form 1065),
box 14, code A (other than farming); and Schedule K-1 (Form
1065-B), box 9, code J1.
Ministers and members of religious orders, see instructions for
types of income to report on
this line. See instructions for other income to report . . . . . . . . .
. . . . . 2
3 Combine lines 1a, 1b, and 2 . . . . . . . . . . . . . . . . . . . . . 3
4 Multiply line 3 by 92.35% (0.9235). If less than $400, you
don't owe self-employment tax; don't
file this schedule unless you have an amount on line 1b . . . . . .
. . . . . . . ▶ 4
Note. If line 4 is less than $400 due to Conservation Reserve
Program payments on line 1b,
see instructions.

93. 5 Self-employment tax. If the amount on line 4 is:
• $118,500 or less, multiply line 4 by 15.3% (0.153). Enter the
result here and on Form 1040, line
57, or Form 1040NR, line 55
• More than $118,500, multiply line 4 by 2.9% (0.029). Then,
add $14,694 to the result.
Enter the total here and on Form 1040, line 57, or Form
1040NR, line 55 . . . . . . . 5
6 Deduction for one-half of self-employment tax.
Multiply line 5 by 50% (0.50). Enter the result here and on
Form
1040, line 27, or Form 1040NR, line 27 . . . . . . . . 6
For Paperwork Reduction Act Notice, see your tax return
instructions. Cat. No. 11358Z Schedule SE (Form 1040) 2016
Schedule SE (Form 1040) 2016 Attachment Sequence No. 17
Page 2
Name of person with self-employment income (as shown on
Form 1040 or Form 1040NR) Social security number of person
with self-employment income ▶

94. Section B—Long Schedule SE
Part I Self-Employment Tax
Note. If your only income subject to self-employment tax is
church employee income, see instructions. Also see instructions
for the
definition of church employee income.
A If you are a minister, member of a religious order, or
Christian Science practitioner and you filed Form 4361, but you
had $400 or more of other net earnings from self-employment,
check here and continue with Part I . . . . . . ▶
1a Net farm profit or (loss) from Schedule F, line 34, and farm
partnerships, Schedule K-1 (Form 1065),
box 14, code A. Note. Skip lines 1a and 1b if you use the farm
optional method (see instructions) 1a
b If you received social security retirement or disability
benefits, enter the amount of Conservation Reserve
Program payments included on Schedule F, line 4b, or listed on
Schedule K-1 (Form 1065), box 20, code Z 1b ( )
2 Net profit or (loss) from Schedule C, line 31; Schedule C-EZ,

95. line 3; Schedule K-1 (Form 1065),
box 14, code A (other than farming); and Schedule K-1 (Form
1065-B), box 9, code J1.
Ministers and members of religious orders, see instructions for
types of income to report on
this line. See instructions for other income to report. Note. Skip
this line if you use the nonfarm
optional method (see instructions) . . . . . . . . . . . . . . . . . . . . 2
3 Combine lines 1a, 1b, and 2 . . . . . . . . . . . . . . . . . . . . . . 3
4 a If line 3 is more than zero, multiply line 3 by 92.35%
(0.9235). Otherwise, enter amount from line 3 4a
Note. If line 4a is less than $400 due to Conservation Reserve
Program payments on line 1b, see instructions.
b If you elect one or both of the optional methods, enter the
total of lines 15 and 17 here . . 4b
c Combine lines 4a and 4b. If less than $400, stop; you do not
owe self-employment tax.
Exception. If less than $400 and you had church employee
income, enter -0- and continue ▶ 4c
5 a Enter your church employee income from Form W-2. See
instructions for definition of church employee income . . . 5a

96. b Multiply line 5a by 92.35% (0.9235). If less than $100, enter -
0- . . . . . . . . . . 5b
6 Add lines 4c and 5b . . . . . . . . . . . . . . . . . . . . . . . . 6
7 Maximum amount of combined wages and self-employment
earnings subject to social security
tax or the 6.2% portion of the 7.65% railroad retirement (tier 1)
tax for 2016 . . . . . . 7
8 a Total social security wages and tips (total of boxes 3 and 7
on
Form(s) W-2) and railroad retirement (tier 1) compensation.
If $118,500 or more, skip lines 8b through 10, and go to line 11
8a
b Unreported tips subject to social security tax (from Form
4137, line 10) 8b
c Wages subject to social security tax (from Form 8919, line 10)
8c
d Add lines 8a, 8b, and 8c . . . . . . . . . . . . . . . . . . . . . . . 8d
9 Subtract line 8d from line 7. If zero or less, enter -0- here and
on line 10 and go to line 11 . ▶ 9
10 Multiply the smaller of line 6 or line 9 by 12.4% (0.124) . . .

97. . . . . . . . . . . 10
11 Multiply line 6 by 2.9% (0.029) . . . . . . . . . . . . . . . . . . . . .
11
12 Self-employment tax. Add lines 10 and 11. Enter here and on
Form 1040, line 57, or Form 1040NR, line 55 12
13 Deduction for one-half of self-employment tax.
Multiply line 12 by 50% (0.50). Enter the result here and on
Form 1040, line 27, or Form 1040NR, line 27 . . . . . . 13
Part II Optional Methods To Figure Net Earnings (see
instructions)
Farm Optional Method. You may use this method only if (a)
your gross farm income1 was not more
than $7,560, or (b) your net farm profits2 were less than
$5,457.
14 Maximum income for optional methods . . . . . . . . . . . . . . . .
. . 14
15 Enter the smaller of: two-thirds (2/3) of gross farm income1
(not less than zero) or $5,040. Also
include this amount on line 4b above . . . . . . . . . . . . . . . . . . .
15
Nonfarm Optional Method. You may use this method only if (a)
your net nonfarm profits3 were less than $5,457

98. and also less than 72.189% of your gross nonfarm income,4 and
(b) you had net earnings from self-employment
of at least $400 in 2 of the prior 3 years. Caution. You may use
this method no more than five times.
16 Subtract line 15 from line 14 . . . . . . . . . . . . . . . . . . . . . .
16
17
Enter the smaller of: two-thirds (2/3) of gross nonfarm income4
(not less than zero) or the
amount on line 16. Also include this amount on line 4b above . .
. . . . . . . . . 17
1 From Sch. F, line 9, and Sch. K-1 (Form 1065), box 14, code
B.
2 From Sch. F, line 34, and Sch. K-1 (Form 1065), box 14, code
A—minus the
amount you would have entered on line 1b had you not used the
optional
method.
3 From Sch. C, line 31; Sch. C-EZ, line 3; Sch. K-1 (Form

99. 1065), box 14, code
A; and Sch. K-1 (Form 1065-B), box 9, code J1.
4 From Sch. C, line 7; Sch. C-EZ, line 1; Sch. K-1 (Form 1065),
box 14, code
C; and Sch. K-1 (Form 1065-B), box 9, code J2.
Schedule SE (Form 1040) 2016
Version A Cycle 3
INTERNAL USE ONLY
DRAFT AS OF
August 18, 2016
2016 Schedule SE (Form 1040)
SE:W:CAR:MP
Self-Employment Tax
SCHEDULE SE (Form 1040)
Department of the Treasury Internal Revenue Service (99)
Self-Employment Tax
▶ Information about Schedule SE and its separate instructions
is at www.irs.gov/schedulese.
▶ Attach to Form 1040 or Form 1040NR.
OMB No. 1545-0074
2016

100. 2016. Catalog Number 11358Z.
Attachment
Sequence No. 17
Attachment Sequence Number 17. For Paperwork Reduction Act
Notice, see your tax return instructions.
Before you begin: To determine if you must file Schedule SE,
see the instructions.
May I Use Short Schedule SE or Must I Use Long Schedule SE?
Note. Use this flowchart only if you must file Schedule SE. If
unsure, see Who Must File Schedule SE in the instructions.
No
Did you receive wages or tips in 2015? If "No," go to the next
question.
Did you receive wages or tips in 2016?
Yes
Did you receive wages or tips in 2015? If "Yes," go to the next
question.
▼
▼
▼
Are you a minister, member of a religious order, or Christian
Science practitioner who received IRS approval not to be taxed
on earnings from these sources, but you owe self-employment
tax on other earnings?
Are you a minister, member of a religious order, or Christian

101. Science practitioner who received I R S approval not to be taxed
on earnings from these sources, but you owe self-employment
tax on other earnings? If "No," go to the next question. If
"Yes," You must use Long Schedule S E on page 2.
Yes
▶
No
▼
Are you using one of the optional methods to figure your net
earnings (see instructions)?
Are you using one of the optional methods to figure your net
earnings (see instructions)? If "No," go to the next question. If
"Yes," you must use Long Schedule S E on page 2.
Yes
▶
No
▼
Did you receive church employee income (see instructions)
reported on Form W-2 of $108.28 or more?
Did you receive church employee income (see instructions)
reported on Form W-2 of $108.28 or more? If "No," you may
use Short Schedule S E below. If "Yes," you must use Long
Schedule S E on page 2.
Yes
▶

102. No
▼
You may use Short Schedule SE below
Was the total of your wages and tips subject to social security
or railroad retirement (tier 1) tax plus your net earnings from
self-employment more than $118,500?
Was the total of your wages and tips subject to social security
or railroad retirement (tier 1) tax plus your net earnings from
self-employment more than $117,000? If "No," go to the next
question. If "Yes," you must use Long Schedule S E on page 2.
Yes
▶
No
▼
Did you receive tips subject to social security or Medicare tax
that you didn't report to your employer?
Did you receive tips subject to social security or Medicare tax
that you did not report to your employer? If "No," go to the next
question. If "Yes," you must use Long Schedule S E on page 2.
Yes
▶
No
▼
No
◀

103. Did you report any wages on Form 8919, Uncollected Social
Security and Medicare Tax on Wages?
Did you report any wages on Form 8919, Uncollected Social
Security and Medicare Tax on Wages? If "Yes," you must use
Long Schedule S E on page 2. If "No," go the question "Are
you a minister, member of a religious order, or Christian
Science practitioner who received I R S approval not to be taxed
on earnings from these sources, but you owe self-employment
tax on other earnings?"
Yes
▶
▶
You must use Long Schedule SE on page 2
▼
Section A—Short Schedule SE. Caution. Read above to see if
you can use Short Schedule SE.
1
a
Net farm profit or (loss) from Schedule F, line 34, and farm
partnerships, Schedule K-1 (Form 1065), box 14, code A
1a
b
If you received social security retirement or disability benefits,
enter the amount of Conservation Reserve Program payments
included on Schedule F, line 4b, or listed on Schedule K-1

104. (Form 1065), box 20, code Z
1b
2
Net profit or (loss) from Schedule C, line 31; Schedule C-EZ,
line 3; Schedule K-1 (Form 1065), box 14, code A (other than
farming); and Schedule K-1 (Form 1065-B), box 9, code J1.
Ministers and members of religious orders, see instructions for
types of income to report on this line. See instructions for other
income to report
2
3
Combine lines 1a, 1b, and 2
3
4
Multiply line 3 by 92.35% (0.9235). If less than $400, you don't
owe self-employment tax; don't file this schedule unless you
have an amount on line 1b ▶
4
Note. If line 4 is less than $400 due to Conservation Reserve
Program payments on line 1b, see instructions.
5
Self-employment tax. If the amount on line 4 is:
• $118,500 or less, multiply line 4 by 15.3% (0.153). Enter the
result here and on Form 1040, line 57, or Form 1040NR, line
55

105. • More than $118,500, multiply line 4 by 2.9% (0.029). Then,
add $14,694 to the result.
Enter the total here and on Form 1040, line 57, or Form
1040NR, line 55
5
6
Deduction for one-half of self-employment tax.
Multiply line 5 by 50% (0.50). Enter the result here and on
Form 1040, line 27, or Form 1040NR, line 27
6
For Paperwork Reduction Act Notice, see your tax return
instructions.
Cat. No. 11358Z
Schedule SE (Form 1040) 2016
Schedule SE (Form 1040) 2016
Attachment Sequence No. 17
Page 2
Section B—Long Schedule SE
Part I
Self-Employment Tax
Note. If your only income subject to self-employment tax
is church employee income, see instructions. Also see
instructions for the definition of church employee income.
A
If you are a minister, member of a religious order, or Christian

106. Science practitioner and you filed Form 4361, but you had $400
or more of other net earnings from self-employment, check here
and continue with Part I ▶
1
a
Net farm profit or (loss) from Schedule F, line 34, and farm
partnerships, Schedule K-1 (Form 1065), box 14, code
A. Note. Skip lines 1a and 1b if you use the farm optional
method (see instructions)
1a
b
If you received social security retirement or disability benefits,
enter the amount of Conservation Reserve Program payments
included on Schedule F, line 4b, or listed on Schedule K-1
(Form 1065), box 20, code Z
1b
2
Net profit or (loss) from Schedule C, line 31; Schedule C-EZ,
line 3; Schedule K-1 (Form 1065), box 14, code A (other than
farming); and Schedule K-1 (Form 1065-B), box 9, code J1.
Ministers and members of religious orders, see instructions for
types of income to report on this line. See instructions for other
income to report. Note. Skip this line if you use the nonfarm
optional method (see instructions)
2

107. 3
Combine lines 1a, 1b, and 2
3
4
a
If line 3 is more than zero, multiply line 3 by 92.35% (0.9235).
Otherwise, enter amount from line 3
4a
Note. If line 4a is less than $400 due to Conservation Reserve
Program payments on line 1b, see instructions.
b
If you elect one or both of the optional methods, enter the total
of lines 15 and 17 here
4b
c
Combine lines 4a and 4b. If less than $400, stop; you do not
owe self-employment tax. Exception. If less than $400 and you
had church employee income, enter -0- and continue ▶
4c
5
a
Enter your church employee income from Form W-2. See
instructions for definition of church employee income
5a
b

108. Multiply line 5a by 92.35% (0.9235). If less than $100, enter -0-
5b
6
Add lines 4c and 5b
6
7
Maximum amount of combined wages and self-employment
earnings subject to social security tax or the 6.2% portion of
the 7.65% railroad retirement (tier 1) tax for 2016
7
8
a
Total social security wages and tips (total of boxes 3 and 7 on
Form(s) W-2) and railroad retirement (tier 1) compensation.
If $118,500 or more, skip lines 8b through 10, and go to line 11
8a
b
Unreported tips subject to social security tax (from Form 4137,
line 10)
8b
c
Wages subject to social security tax (from Form 8919, line 10)

109. 8c
d
Add lines 8a, 8b, and 8c
8d
9
Subtract line 8d from line 7. If zero or less, enter -0- here and
on line 10 and go to line 11 ▶
9
10
Multiply the smaller of line 6 or line 9 by 12.4% (0.124)
10
11
Multiply line 6 by 2.9% (0.029)
11
12
Self-employment tax. Add lines 10 and 11. Enter here and on
Form 1040, line 57, or Form 1040NR, line 55
12
13
Deduction for one-half of self-employment tax.
Multiply line 12 by 50% (0.50). Enter the result here and on
Form 1040, line 27, or Form 1040NR, line 27
13
Part II
Optional Methods To Figure Net Earnings (see instructions)

110. Farm Optional Method. You may use this
method only if (a) your gross farm income1 was not more than
$7,560, or (b) your net farm profits2 were less than $5,457.
14
Maximum income for optional methods
14
15
Enter the smaller of: two-thirds (2/3) of gross farm income1
(not less than zero) or $5,040. Also include this amount on line
4b above
15
Nonfarm Optional Method. You may use this method
only if (a) your net nonfarm profits3 were less than $5,457 and
also less than 72.189% of your gross nonfarm income,4 and
(b) you had net earnings from self-employment of at least $400
in 2 of the prior 3 years. Caution. You may use this method no
more than five times.
16
Subtract line 15 from line 14
16
17
Enter the smaller of: two-thirds (2/3) of gross nonfarm income4
(not less than zero) or the amount on line 16. Also include this
amount on line 4b above

111. 17
1 From Sch. F, line 9, and Sch. K-1 (Form 1065), box 14, code
B.
2 From Sch. F, line 34, and Sch. K-1 (Form 1065), box 14,
code A—minus the amount you would have entered on line 1b
had you not used the optional method.
3 From Sch. C, line 31; Sch. C-EZ, line 3; Sch. K-1 (Form
1065), box 14, code A; and Sch. K-1 (Form 1065-B), box 9,
code J1.
4 From Sch. C, line 7; Sch. C-EZ, line 1; Sch. K-1 (Form 1065),
box 14, code C; and Sch. K-1 (Form 1065-B), box 9, code J2.
Schedule SE (Form 1040) 2016
f1_1: f1_2: f1_3: f1_4: f1_5: f1_6: f1_7: f1_8: f1_9: f1_10:
f1_11: f1_12: f1_13: f1_14: f1_15: f1_16: f2_1: f2_2: c2_1:
Offf2_3: f2_4: f2_5: f2_6: f2_7: f2_8: f2_9: f2_10: f2_11:
f2_12: f2_13: f2_14: f2_15: f2_16: f2_17: f2_18: f2_19: f2_20:
f2_21: f2_22: f2_23: 118,500f2_24: 00f2_25: f2_26: f2_27:
f2_28: f2_29: f2_30: f2_31: f2_32: f2_33: f2_34: f2_35: f2_36:
f2_37: f2_38: f2_39: f2_40: f2_41: f2_42: f2_43: 5,040f2_44:
00f2_45: f2_46: f2_47: f2_48: f2_49: f2_50:
SCHEDULE D
(Form 1041)

112. Department of the Treasury
Internal Revenue Service
Capital Gains and Losses
▶ Attach to Form 1041, Form 5227, or Form 990-T.
▶ Use Form 8949 to list your transactions for lines 1b, 2, 3, 8b,
9 and 10.
▶ Information about Schedule D and its separate instructions is
at www.irs.gov/form1041.
OMB No. 1545-0092
2016
Name of estate or trust Employer identification number
Note: Form 5227 filers need to complete only Parts I and II.
See instructions for how to figure the amounts to enter on the
lines below.
This form may be easier to complete if you round off cents to
whole dollars.
Part I Short-Term Capital Gains and Losses—Assets Held One

113. Year or Less
(d)
Proceeds
(sales price)
(e)
Cost
(or other basis)
(g)
Adjustments
to gain or loss from
Form(s) 8949, Part I,
line 2, column (g)
(h) Gain or (loss)
Subtract column (e)
from column (d) and
combine the result with

114. column (g)
1a Totals for all short-term transactions reported on Form
1099-B for which basis was reported to the IRS and for
which you have no adjustments (see instructions).
However, if you choose to report all these transactions
on Form 8949, leave this line blank and go to line 1b .
1b Totals for all transactions reported on Form(s) 8949 with
Box A checked . . . . . . . . . . . . .
2
Totals for all transactions reported on Form(s) 8949 with
Box B checked . . . . . . . . . . . . .
3
Totals for all transactions reported on Form(s) 8949 with
Box C checked . . . . . . . . . . . . .
4 Short-term capital gain or (loss) from Forms 4684, 6252,
6781, and 8824 . . . . . . . . . 4

115. 5 Net short-term gain or (loss) from partnerships, S
corporations, and other estates or trusts . . . 5
6 Short-term capital loss carryover. Enter the amount, if any,
from line 9 of the 2015 Capital Loss
Carryover Worksheet . . . . . . . . . . . . . . . . . . . . . . . . . . 6 (
)
7 Net short-term capital gain or (loss). Combine lines 1a
through 6 in column (h). Enter here and on
line 17, column (3) on the back . . . . . . . . . . . . . . . . . . . . . ▶
7
Part II Long-Term Capital Gains and Losses—Assets Held More
Than One Year
See instructions for how to figure the amounts to enter on the
lines below.
This form may be easier to complete if you round off cents to
whole dollars.
(d)
Proceeds
(sales price)

116. (e)
Cost
(or other basis)
(g)
Adjustments
to gain or loss from
Form(s) 8949, Part II,
line 2, column (g)
(h) Gain or (loss)
Subtract column (e)
from column (d) and
combine the result with
column (g)
8a Totals for all long-term transactions reported on Form
1099-B for which basis was reported to the IRS and for
which you have no adjustments (see instructions).
However, if you choose to report all these transactions

117. on Form 8949, leave this line blank and go to line 8b .
8b Totals for all transactions reported on Form(s) 8949 with
Box D checked . . . . . . . . . . . . .
9
Totals for all transactions reported on Form(s) 8949 with
Box E checked . . . . . . . . . . . . .
10
Totals for all transactions reported on Form(s) 8949 with
Box F checked . . . . . . . . . . . . . .
11 Long-term capital gain or (loss) from Forms 2439, 4684,
6252, 6781, and 8824 . . . . . . . 11
12 Net long-term gain or (loss) from partnerships, S
corporations, and other estates or trusts . . . 12
13 Capital gain distributions . . . . . . . . . . . . . . . . . . . . . . . . .
13

118. 14 Gain from Form 4797, Part I . . . . . . . . . . . . . . . . . . . . . . . .
14
15 Long-term capital loss carryover. Enter the amount, if any,
from line 14 of the 2015 Capital Loss
Carryover Worksheet . . . . . . . . . . . . . . . . . . . . . . . . . . 15 (
)
16 Net long-term capital gain or (loss). Combine lines 8a
through 15 in column (h). Enter here and on
line 18a, column (3) on the back . . . . . . . . . . . . . . . . . . . . .
▶ 16
For Paperwork Reduction Act Notice, see the Instructions for
Form 1041. Cat. No. 11376V Schedule D (Form 1041) 2016
Schedule D (Form 1041) 2016 Page 2
Part III Summary of Parts I and II
Caution: Read the instructions before completing this part.
(1) Beneficiaries’
(see instr.)

119. (2) Estate’s
or trust’s
(3) Total
17 Net short-term gain or (loss) . . . . . . . . . . 17
18 Net long-term gain or (loss):
a Total for year . . . . . . . . . . . . . . . 18a
b Unrecaptured section 1250 gain (see line 18 of the wrksht.) .
18b
c 28% rate gain . . . . . . . . . . . . . . . 18c
19 Total net gain or (loss). Combine lines 17 and 18a . . ▶ 19
Note: If line 19, column (3), is a net gain, enter the gain on
Form 1041, line 4 (or Form 990-T, Part I, line 4a). If lines 18a
and 19, column (2), are net
gains, go to Part V, and don't complete Part IV. If line 19,
column (3), is a net loss, complete Part IV and the Capital Loss
Carryover Worksheet, as
necessary.
Part IV Capital Loss Limitation

120. 20 Enter here and enter as a (loss) on Form 1041, line 4 (or
Form 990-T, Part I, line 4c, if a trust), the smaller of:
a The loss on line 19, column (3) or b $3,000 . . . . . . . . . . . . . .
. . . 20 ( )
Note: If the loss on line 19, column (3), is more than $3,000, or
if Form 1041, page 1, line 22 (or Form 990-T, line 34), is a
loss, complete the Capital
Loss Carryover Worksheet in the instructions to figure your
capital loss carryover.
Part V Tax Computation Using Maximum Capital Gains Rates
Form 1041 filers. Complete this part only if both lines 18a and
19 in column (2) are gains, or an amount is entered in Part I or
Part II and there is an
entry on Form 1041, line 2b(2), and Form 1041, line 22, is more
than zero.
Caution: Skip this part and complete the Schedule D Tax
Worksheet in the instructions if:
• Either line 18b, col. (2) or line 18c, col. (2) is more than
zero, or

121. • Both Form 1041, line 2b(1), and Form 4952, line 4g are more
than zero.
Form 990-T trusts. Complete this part only if both lines 18a and
19 are gains, or qualified dividends are included in income in
Part I of Form 990-T,
and Form 990-T, line 34, is more than zero. Skip this part and
complete the Schedule D Tax Worksheet in the instructions if
either line 18b, col. (2) or
line 18c, col. (2) is more than zero.
21 Enter taxable income from Form 1041, line 22 (or Form 990-
T, line 34) . . 21
22 Enter the smaller of line 18a or 19 in column (2)
but not less than zero . . . . . . . . . 22
23
Enter the estate’s or trust’s qualified dividends from
Form 1041, line 2b(2) (or enter the qualified dividends
included in income in Part I of Form 990-T) . . . . 23
24 Add lines 22 and 23 . . . . . . . . . . 24
25 If the estate or trust is filing Form 4952, enter the

122. amount from line 4g; otherwise, enter -0- . . ▶ 25
26 Subtract line 25 from line 24. If zero or less, enter -0- . . . . .
. . 26
27 Subtract line 26 from line 21. If zero or less, enter -0- . . . . .
. . 27
28 Enter the smaller of the amount on line 21 or $2,550 . . . . . .
. 28
29 Enter the smaller of the amount on line 27 or line 28 . . . . . .
. 29
30 Subtract line 29 from line 28. If zero or less, enter -0-. This
amount is taxed at 0% . . . . . ▶ 30
31 Enter the smaller of line 21 or line 26 . . . . . . . . . . . . 31
32 Subtract line 30 from line 26 . . . . . . . . . . . . . . . 32
33 Enter the smaller of line 21 or $12,400 . . . . . . . . . . . . 33
34 Add lines 27 and 30 . . . . . . . . . . . . . . . . . . 34
35 Subtract line 34 from line 33. If zero or less, enter -0- . . . . .
. . 35
36 Enter the smaller of line 32 or line 35 . . . . . . . . . . . . 36
37 Multiply line 36 by 15% (0.15) . . . . . . . . . . . . . . . . . . . . . .
▶ 37
38 Enter the amount from line 31 . . . . . . . . . . . . . . . 38
39 Add lines 30 and 36 . . . . . . . . . . . . . . . . . . 39
40 Subtract line 39 from line 38. If zero or less, enter -0- . . . . .
. . 40
41 Multiply line 40 by 20% (0.20) . . . . . . . . . . . . . . . . . . . . . .

123. ▶ 41
42 Figure the tax on the amount on line 27. Use the 2016 Tax
Rate Schedule for Estates
and Trusts (see the Schedule G instructions in the instructions
for Form 1041) . . 42
43 Add lines 37, 41, and 42 . . . . . . . . . . . . . . . . . 43
44 Figure the tax on the amount on line 21. Use the 2016 Tax
Rate Schedule for Estates
and Trusts (see the Schedule G instructions in the instructions
for Form 1041) . . 44
45 Tax on all taxable income. Enter the smaller of line 43 or
line 44 here and on Form 1041, Schedule
G, line 1a (or Form 990-T, line 36) . . . . . . . . . . . . . . . . . . . . .
▶ 45
Schedule D (Form 1041) 2016
Version A, Cycle 5
INTERNAL USE ONLY DRAFT AS OF
October 25, 2016
2016 Schedule D (Form 1041)
SE:W:CAR:MP

124. Capital Gains and Losses
SCHEDULE D
(Form 1041)
Department of the Treasury Internal Revenue Service
Capital Gains and Losses
▶ Attach to Form 1041, Form 5227, or Form 990-T.
▶ Use Form 8949 to list your transactions for lines 1b, 2, 3, 8b,
9 and 10.
▶ Information about Schedule D and its separate instructions is
at www.irs.gov/form1041.
OMB No. 1545-0092
O M B Number 1545-0092. For Paperwork Reduction Act
Notice, see the Instructions for Form 1041.
2016
2016. Catalog Number 11376V.
Note: Form 5227 filers need to complete only Parts I and II.
See instructions for how to figure the amounts to enter on the
lines below.
This form may be easier to complete if you round off cents to
whole dollars.
Part I
Short-Term Capital Gains and Losses—Assets Held One Year or
Less
(d)
Proceeds

125. (sales price)
(e)
Cost
(or other basis)
(g)
Adjustments
to gain or loss from Form(s) 8949, Part I, line 2, column
(g)
(h) Gain or (loss)
Subtract column (e) from column (d) and combine
the result with column (g)
1a
Totals for all short-term transactions reported on Form 1099-B
for which basis was reported to the IRS and for which you have
no adjustments (see instructions). However, if you choose to
report all these transactions on Form 8949, leave this line blank
and go to line 1b
Line 1a. Item 1. (b)
1b
Totals for all transactions reported on Form(s) 8949 with Box
A checked
Line 1b. Item 2. (b).
2
Totals for all transactions reported on Form(s) 8949 with Box

126. B checked
Line 1. Item 2. (b).
3
Totals for all transactions reported on Form(s) 8949 with Box
C checked
Line 1. Item 3. (b).
4
Short-term capital gain or (loss) from Forms 4684, 6252, 6781,
and 8824
4
5
Net short-term gain or (loss) from partnerships, S corporations,
and other estates or trusts
5
6
Short-term capital loss carryover. Enter the amount, if any,
from line 9 of the 2015 Capital Loss Carryover Worksheet
6
( )
7
Net short-term capital gain or (loss). Combine lines 1a through

127. 6 in column (h). Enter here and on line 17, column (3) on the
back ▶
7
Part II
Long-Term Capital Gains and Losses—Assets Held More Than
One Year
See instructions for how to figure the amounts to enter on the
lines below.
This form may be easier to complete if you round off cents to
whole dollars.
(d)
Proceeds
(sales price)
(e)
Cost
(or other basis)
(g)
Adjustments
to gain or loss from Form(s) 8949, Part II, line 2, column
(g)
(h) Gain or (loss)
Subtract column (e) from column (d) and combine
the result with column (g)
8a
Totals for all long-term transactions reported on Form 1099-B