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What is a Qualified Plan?

in the plan. It provides benefits to a participant largely based on the amount contributed to that participant's account. Benefits are also affected by any income, expenses, gains, losses, and forfeitures of other accounts that may

Mississippi Itemized Deductions

between them. Mississippi Gaming Losses are not deductible on Mississippi itemized deductions. Standard Deductions and Exemptions Married - Filing Joint or Combined Return : The standard deduction ($4,600) and the authorized exemption

Form 1099-A : Acquisition or Abandonment of Property

debt. The tax consequences of abandoning property depend on whether or not your were personally liable for the debt. Losses on acquisitions or abandonments of property held for personal use are not deductible. For More Information on 1099-C

Oregon Tax

the installment method unless you "elect out" on or before the due date for filing your tax return for the year of the sale. If you elect out, you report all the gain as income in the year of the sale. Installment sale rules do not apply to losses. You

New Mexico Modified Gross Income

) for yourself, your spouse and your dependents. You may not reduce MGI by deductions or offset MGI by losses allowed for income tax purposes under the New Mexico Income Tax Act or under the Internal Revenue Code. When calculating MGI, include

Section 179 Deduction Limitations

in the management or operation of the trade or business. In general, figure taxable income for this purpose by totaling the net income and losses from all trades and businesses you actively conducted during the year. Net income or loss from

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

Who qualifies to deduct expenses in the section for Reservists and Performing Artists?

away from home in connection with your performance of services as a member of the reserves in the section for Reservists and Performing Artists. These reserve-related travel expenses are deductible whether or not you itemize deductions. Fee

What is Listed Property?

, phonographic, communication, and video-recording equipment) Computers and related peripheral equipment***, unless used only at a regular business establishment and owned or leased by the person operating the establishment. A regular business