Individual Income Tax Return 2018

2018 Individual Income Tax Return Instructions Booklet

Government of Puerto Rico - Department of the Treasury

Filing Requirements

Who must file the income tax return?

Every individual resident of Puerto Rico who is an individual or married taxpayer, whose gross income for the taxable year, net of exemptions, exceeds $5,000.

Every individual not resident of Puerto Rico, and citizen of the United States, who is an individual or married taxpayer, whose gross income from Puerto Rico sources for the taxable year, net of exemptions, exceeds $5,000.

Every married individual living with spouse, who opts to file a separate tax return and whose gross income for the taxable year, net of exemptions, is $2,500 or more.

Every nonresident alien who during the taxable year has income from Puerto Rico sources subject to tax.

Every individual who during the taxable year has net income subject to alternate basic tax of $150,000 or more.

Questionnaire

A. United States Citizen? Yes No

B. Resident of Puerto Rico at the end of the year? Yes No

C. Other excluded or tax exempt income? Yes No

D. Resident individual investor? Yes No

E. Highest source of income:

F. Filing status at the end of the taxable year:

Married Individual Taxpayer Married filing separately

Taxpayer's name:

Spouse's name:

Taxpayer's Social Security Number:

Spouse's Social Security Number:

Refund / Payment

Amount overpaid:

Amount of tax due:

Amount paid:

Authorization for Direct Deposit of Refund

Type of account: Checking Savings

Routing/transit number:

Account number:

Account in the name of:

Signature of the Return

Part 1 - Adjusted Gross Income

Wages, commissions, allowances and tips:

Federal government wages:

Other income or losses:

Part 2 - Deductions, Exemptions and Net Taxable Income

Total deductions:

Personal exemption:

Exemption for dependents:

Part 3 - Computation of Tax, Credits and Tax Withheld or Paid

Tax method selected:

Tax according to tables Tax at preferential rates Tax for nonresident aliens Tax determined using Back Pay

Tax determined:

Credit for taxes paid to foreign countries, the United States, its territories and possessions:

Schedule A1 - Dependents and Beneficiaries of Educational Contribution Accounts

Dependent / Beneficiary Information:

Schedule A2 - Tax on Income Subject to Preferential Rates

Income subject to preferential rates:

Preferential rate:

Schedule B - Tax Credits and Other Payments

Tax credits:

Other payments and withholdings:

Schedule C - Credit for Taxes Paid to Foreign Countries, the United States, its Territories and Possessions

Foreign country / jurisdiction:

Tax paid:

Schedule D - Capital Assets Gains and Losses

Capital gains / losses details:

Schedule D1 - Sale or Exchange of Principal Residence

Sale date:

Selling price:

Schedule E - Depreciation

Depreciation details:

Schedule F - Other Income

Other income details:

Schedule F1 - Detail of Income Under Act 22-2012

Act 22-2012 details:

Schedule G - Sale or Exchange of All Trade or Business Assets of a Sole Proprietorship Business

Business sale details:

Schedule H - Income from Annuities or Pensions

Pension or annuity details:

Schedule IE - Excluded and Exempt Income

Excluded and exempt income:

Schedules K, L, M, N

Industry or business income:

Farming income:

Professions and commissions income:

Rental income:

Schedule O - Alternate Basic Tax

Net income subject to alternate basic tax:

Checklist

Verify Social Security numbers

All required schedules completed

Direct deposit information completed

Final Notes

Please keep all supporting documents, schedules, and certifications for your records.