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2. Are Home Improvements Tax Deductible? - AOL

   www.aol.com/home-improvements-tax-deductible...

   File Form 1040 on your individual income tax return or, if you’re a senior, use Form 1040-SR. ... it’s worthwhile to hold on to your home improvement receipts in case the profit on the sale of ...

3. Will You Have To Pay Taxes to the IRS When You Resell ... - AOL

   www.aol.com/pay-taxes-irs-resell-tickets...

   According to the IRS, if you sold a personal item at a loss, you should “make offsetting entries on Form 1040, U.S. Individual Income Tax Return, Schedule 1, Additional Income and Adjustments to ...

4. 11 Steps to Make Sure Your Tax Return Is Accepted by the IRS

   www.aol.com/11-steps-sure-tax-return-170949017.html

   Everyone's favorite time of year is right around the corner: Tax Day! Filing and paying taxes is a part of life for everyone who works in the U.S. Making sure you file your tax return correctly is...

5. Installment sale - Wikipedia

   en.wikipedia.org/wiki/Installment_sale

   If a taxpayer realizes income (e.g., gain) from an installment sale, the income generally may be reported by the taxpayer under the "installment method." [5] The "installment method" is defined as "a method under which the income recognized for any taxable year [ . . . ] is that proportion of the payments received in that year which the gross profit [ . . . ] bears to the total contract price."

6. Depreciation recapture - Wikipedia

   en.wikipedia.org/wiki/Depreciation_recapture

   The remainder of any gain realized is considered long-term capital gain, provided the property was held over a year, and is taxed at a maximum rate of 15% for 2010-2012, and 20% for 2013 and thereafter. If Section 1245 or Section 1250 property is held one year or less, any gain on its sale or exchange is taxed as ordinary income.

7. Tax returns in the United States - Wikipedia

   en.wikipedia.org/wiki/Tax_returns_in_the_United...

   The standard U.S. individual tax return is Form 1040. There are several variations of this form, such as the 1040EZ and the 1040A, as well as many supplemental forms. U.S. citizens and residents who realize gross income in excess of a specified amount (adjusted annually for inflation) are required by law to file Federal income tax returns (and ...

8. Mortgage Interest Deduction: Limits and How It Works - AOL

   www.aol.com/finance/mortgage-interest-deduction...

   If your mortgage funds your business – or if you are using part of your home as an office – you’ll claim those deductions on Schedule C of Form 1040. Additional Tips for Maximizing Mortgage ...

9. Tax deduction - Wikipedia

   en.wikipedia.org/wiki/Tax_deduction

   A few relevant forms (also see related instructions) Form 1040 (individual tax return), Schedules C (business) and E (rental) Form 1065 (partnership return of income), page 1, and Schedule K; Form 1120 (corporation tax return), page 1; Form 2106 (employee business expenses) Form 4562 (depreciation and amortization) Form 4797 (gain or loss on ...