answers readers' questions on tax deductions and losses. Q. I was a victim of internet fraud and lost a lot of money. Can I claim this loss on my Form 1040? A. Depending on the circumstances ...

I have had carryover losses for years now, only being able to deduct $3,000 a year and still have a lot of losses to deduct ...

If you're a partnership firm, LLP, or Association of Persons filing taxes this year, there’s a new Income Tax Return form you need to ... in Schedule CG, where capital gains are now reported ...

There is a net capital loss of $15,000 ($5,000 - $20,000 = ($15,000)). Only $3,000 of that loss flows through to the tax return and is reported as a loss. The $30,000 IRA distribution is reported ...

Net loss: CA$5.19m (loss widened by 136% from 1Q ... compared to a 16% decline forecast for the Capital Markets industry in Canada.

Rather than filing away your paperwork and forgetting about it, this CPA recommends using it as a source of insight to ...

Wellington, Taipei, Manila and Jakarta also rose, though Sydney and Singapore edged down. Traders brushed off losses on Wall Street, with the S&P 500 snapping a nine-day winning streak, with film ...

"This particular form is especially crucial for those individuals who derive income from business and profession and capital gains ... profit & loss and balance sheet data. 2. Choice of New Tax Regime ...

New Delhi, May 3: The Central Board of Direct Taxes (CBDT) has released the updated Income Tax Return (ITR) Form 5 for the assessment year ... Another important revision pertains to capital losses on ...