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What is "Qualified Production Activities Income (QPAI)"?

if any) of: Domestic production gross receipts (DPGR) MINUS The sum of: Cost of goods sold allocable to DPGR plus Other expenses, losses, or deductions allocable to DPGR. What is DPGR (Domestic Production Gross Receipts)? Generally, your DPGR...

What is a Short Sale?

received a Form 1099-B for a short sale you entered into in 2014 but that did not close in 2014, report it on line 1 or line 8 of Schedule D, Capital Gains and Losses. Enter the sales price in column (e). If the short sale did not close...

South Carolina Tax on Active Trade/Business Income

a separate Worksheet 2 for each business. Worksheets 1 and 2 identify pass-through income and remove passive investment income and expenses related to passive investment, capital gains and losses, and guaranteed payments for personal services...

What is an "installment sale"?

year. If you "elect out", you would report the sale of the property on Schedule D, not of Form 6252. Installment sale rules do not apply to losses. The installment sales method cannot be used for the following: Sale of inventory. The regular...

California Additions to Income

to Income. Foreign Income of NonResident Aliens Adjust federal income to reflect worldwide income computed under California Law. Enter losses from foreign sources as a Subtraction to Income Enter foreign source income as Addition to Income...

Missouri Additions to Income

the loss year. Enter the sum of the current year's net operating (as a positive number) plus any unused net operating losses from prior years. If your net operating loss carries forward from the carryback year, enter as an addition modification...

California Itemized Deductions

to enter on Other adjustments to CA Itemized Deductions. Gambling Losses – California lottery losses are not deductible for California. Enter the amount of California lottery losses shown on federal Schedule A (Form 1040) as a negative...

Selling Your Home

exclusion within your TaxSlayer account, from the Your Account screen, select Federal Section >>> Enter Myself >>> Capital Gain and Losses >>> Sale of Main Home Worksheet .......

Do I qualify for either the Maximum Exclusion or the Reduced Maximum Exclusion for the sale of my home?

Exclusion . To include these exclusions and report the Sale of your Main Home in TaxSlayer you will go under the Federal Section >> Income>> Enter Myself >> Capital Gains and Losses >> Sale of Main Home Worksheet . TaxSlayer......

Colorado Subtractions from Income

of the cost incurred in performing wildfire mitigation. This subtraction may not exceed $2,500. DO NOT Include: income from sources outside of Colorado, net operating losses, military income, or wage adjustments. For more information click here...