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Overview of Casualties and Losses

is completely destroyed, the decrease in fair market value is not considered. Your loss is the adjusted basis of the property, minus any salvage value and any insurance or other reimbursement you receive or expect to receive. For more information

North Carolina Additions to Federal Adjusted Gross Income

deduction. If you claimed the deduction on line 35 of your federal form 1040, you must add that amount back to the state return. Other Federal Adjusted Gross Income Additions - The amount your basis of property under federal law exceeds your

Form 1065 Box 18 Information

the TaxSlayer program. Please find the specific item within Box 18 that is reported on your Form 1065. Code B. Other tax-exempt income Increase the adjusted basis of your interest in the partnership by the amount shown, but DO NOT include

New York Subtractions from Income

on the sale of the original QETI exceeds the cost of replacement QETI; you must add back any deferred gain in the year you sell the replacement QETI; and the gain deferral applies only to QETI sold on or after March 12, 1998, that was held

How do I know if the person I paid for childcare qualifies?

may have to withhold and pay social security and Medicare taxes and pay federal unemployment tax. for more information, refer to IRS Publication 926 . Care of the Qualifying Person Care includes the cost of services for the qualifying

Section 179 Deduction Limitations

Taking the Section 179 election allows the taxpayer to elect to deduct the total cost of the property purchased in lieu of depreciating the property over the life value. Your section 179 deduction is generally the cost of the qualifying

Georgia Low Emission Vehicle Credit

This is a credit of the lesser of 10% of the cost of the vehicle or $2,500, for the purchase or lease of a new low emission vehicle. There is also a credit for the conversion of a standard vehicle to a low emission vehicle which is equal

Oregon Additions to Income

, Puerto Rico, or the Virgin Islands). Other Additions to Oregon Income 1. 529 Oregon College Savings Network plan nonqualified withdrawal. 2. Basis adjustments. Basis of business assets transferred to Oregon. Depletion in excess of property

Enter Adjustments to Income Subject to State Tax attributable to Virginia

for reservists, performing artists, and fee-basis government officials, HSA subtraction, one-half self employment subtraction, self-employed subtractions, penalties on early withdrawal of savings (CDs), alimony paid, IRA subtraction, tuition and fees

Recapture of Depletion Claimed on a Lease Bonus

carried over from such year and used in the current year’s Federal return. Applicable recapture is determined on a well-by-well basis.