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Kentucky Subtractions from Income

in the gains (losses) from the sale of intangible assets amortized under the provisions of the Revenue Reconciliation Act of 1993; differences in gains (losses) from assets purchased after September 10, 2001; and income of military personnel...

Oklahoma Additions to Income - Schedule 511-B

The gain/loss from the sale of a state or municipal bond, other than those provided for in line 1, is exempt only if so provided by the statute authorizing its issuance. Out-of-State Losses If you incurred losses from the operation of an out...

Mississippi Non Resident Return/Part Year Income Subject to Tax

generally follows IRS rules concerning computation of capital gains and losses. Capital loss deductions are subject to the same limitations as federal. However, Mississippi does not have different tax rates for capital gains. All income...

California Subtractions from Income

Make no adjustment for lottery winnings from other states. They are taxable by California. California and federal laws allow gambling losses only to the extent of reported gambling income. If you reduced gambling income for California...

Wisconsin Credits

had itemized deductions. Exceptions : Even though Schedule 1 has entry lines for medical expenses, interest paid, gifts to charity, and casualty losses, not all of the amounts of these items that are deducted on federal Schedule A can...

How do I add a miscellaneous deduction that is not in TaxSlayer's list?

to be included in your gross income; or To determine, contest, pay, or claim a refund of any tax. Examples: Appraisal fees for a casualty loss or charitable contribution. Casualty and theft losses from property used in performing services......

How do I enter a Wash Sale with TaxSlayer?

account (IRA) or Roth IRA. Please Note: You cannot deduct losses from sales or trades of stock or securities in a wash sale. Here is an example of how to enter a wash sale in our program: Mary purchased Dell stock for $500 on January 1, 2013......

I sold some assets. When would I report the sale as a "sale of business property" instead of a capital gain?

that sale on a Schedule D. You can find the Schedule D in our program by going to Federal Section > Income > Enter Myself > Capital Gain and Losses . For more information, please reference either IRS Publication 544, Sales and Other...

Examples of Items to Report as Other Income

and awards. Gambling winnings, including lotteries, raffles, a lump-sum payment from the sale of a right to receive future lottery payments, etc. For details on gambling losses, see the instructions for Schedule A , line 28, on page A-10...

Business Use of Home (Overview)

of your home include the business portion of real estate taxes, deductible mortgage interest, rent, casualty losses, utilities, insurance, depreciation, maintenance and repairs. You may not deduct expenses for lawn care in general...