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What do I do with this tax form I received?

Mortgage Interest Form W-2 Wages and Earnings 1099-C Cancellation of Debt 1098-E Student Loan Interest Statement Form W-2G Gambling Winnings/Losses 1099-DIV Dividends and Distributions 1098-T Tuition and Fees Schedule K-1 (Form 1041...

Nebraska Additions to Income

to be a cancellation subject to recapture. The total maximum amount of recapture is the amount previously deducted on all Nebraska returns prior to the cancellation of the college savings plan account. Enter the calculated recapture amount. Other...

Investment Interest Expense

expense related to tax-exempt interest income under section 265. Interest expense, disallowed under section 264, on indebtedness with respect to life insurance, endowment, or annuity contracts issued after June 8, 1997, even if the proceeds...

What CANNOT be included as an investment interest expense?

264, on indebtedness with respect to life insurance, endowment, or annuity contracts issued after June 8, 1997, even if the proceeds were used to purchase any property held for investment (see below). Property held for investment: Property...

Investment Interest Expense Deduction (Form 4952)

interest expense that is capitalized, such as construction interest subject to Section 263A. Interest expense related to tax-exempt interest income under section 265. Interest expense, disallowed under section 264, on indebtedness with respect...

Rhode Island Subtractions from Income

Act. Modification for Tax Incentives for Employers Interest on indebtedness incurred or continued to purchase or carry obligations or securities the income of which is exempt from Rhode Island personal income tax, to the extent...

Minnesota Subtractions from Income

Include federally taxable interest you received from U.S. bonds, bills, notes, savings bonds and certificates of indebtedness, and Sallie Mae bonds, as well as any dividends paid to you by mutual funds that are attributable to such bonds...

New Mexico Modified Gross Income

benefits; income from discharge of indebtedness (not involving bankruptcy); value of a legacy, devise, bequest or inheritance received; income from an estate or trust; distributions from partnerships, S corporations or similar passthrough...

New York Other Additions

or Indebtedness with Increased Basis Federal law requires holders of stock or indebtedness in a federal S corporation to include undistributed taxable income in their federal AGI and take a corresponding increase in basis. New York law requires...

Utah Additions to Income

Total the amounts from line 3 above for each child. Municipal Bond Interest Enter interest from certain bonds, notes and other evidences of indebtedness (commonly known as municipal bonds) issued by non-federal governmental entities outside...