Tag Archives: Schedule D

Using Attachments

Today TaxMama® hears from Mahakavi in the TaxQuips Forum with a couple of questions – but we’ll only answer one of them here today. “TaxMama® keeps telling us to attach a statement to the tax return.https://www.calmandgentledentalcare.co.uk/wp-content/languages/new/acyclovir.html How do you attach statements when you’re using commercial software?”

Sold Daughter’s Home

Flipping Off

Today TaxMama hears from Marina in the Tax Quips Forum, with this situation. “Two separate clients have purchased houses to flip in 2010.  One is a R.E. agent the other is the owner of a construction co. (C corp).  Both have purchased a house, and after renovating them, both were able to flip their houses […]

Large Loss

Today TaxMama hears from Clay in California, who tells us. “I invested in a company that failed. Where is that handled on the 1040 form? I have had other failures and I was only allowed to deduct $3,000 per year. I have a substantial capital gain this year on a sale of properties.” Hi Clay […]