Start For Free

Fast, Secure, and Always Accurate!
Help Categories

What CAN and CANNOT be deducted as a Casualty or a Loss?

, clothes, trees, etc.) caused by termites, moths, other insects, or disease What about Insurance or other reimbursements? If the amount you receive in insurance or other reimbursement is more than the cost or other basis of the property, you

How do I enter a Wash Sale with TaxSlayer?

: 300 Cost: 500 Second Entry Description of Property: Wash Sale Date Acquired: 01/01/2015 Date Sold: 05/05/2015 Sales Price: 500 Cost: 300 *If your loss was disallowed because of the wash sale rules, add the disallowed loss to the cost

Rents and Royalties Schedule E % of Ownership and Depreciation

. They will depreciate that property using MACRS 27.5 years depreciation for the time they own the property. Depreciation is the annual deduction you must take to recover the cost or other basis of business or investment property having a useful life

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

, not including wages received as an employee * Income from incidental or outside sources (including sales of business property) Gross receipts are generally not reduced by the cost of goods sold or adjusted basis of property (other than capital

SC Other Additions to Income

interest to out-of-state partnerships and interest paid to purchase United States obligations. Foreign areas allowances, cost of living allowances and/or income from possessions of the U.S. are additions to federal taxable income. Effective

New York Other Additions

from that sale or disposition; and • you had included the cost of the energy system in the federal basis of the property but did not reduce the federal basis by the state credit, then enter the amount of the credit you had previously claimed

South Carolina Additions to Income

allowances, cost of living allowances and/or income from possessions of the U.S. are additions to federal taxable income. * Effective for qualifying investments made after June 30, 1998, taxpayers must reduce the basis of the qualifying property

Ten Important Changes for Taxpayers for filing year 2011

31, 2011 The standard mileage rates for the cost of operating a vehicle for medical reasons or a deductible move: 19 cents per mile from January 1, 2011 to June 30, 2011 23.5 cents per mile after July 1, 2011 to December 31, 2011

Oklahoma Adjustments- Schedule 511-C

be carried over for a period not to exceed six years. Depreciation Adjustment for Swine or Poultry - Individuals who are swine or poultry producers may deduct depreciation on an accelerated basis for new construction or expansion costs. The same

Oklahoma Additions to Income - Schedule 511-B

in the current year's Federal return. Applicable recapture is determined on a well-by-well basis. Expenses Incurred to Provide Child Care Programs Employers incurring expenses to provide accredited child care programs for children