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Author Question: A taxpayer reports capital gains and losses on (Read 90 times)

stevenposner

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Question 1

Bev has one daughter and three grandchildren. Bev owns approximately $6 million of assets primarily composed of a very valuable parcel of real estate and a savings account of $500,000. Bev can gift $56,000 in total in 2016 to her family members without creating taxable gifts.
◦ true
◦ false

Question 2

A taxpayer reports capital gains and losses on
◦ Schedule D of Form 1040.
◦ Form 8949.
◦ Schedule D of Form 1040 and Form 8949.
◦ None of these.


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Marked as best answer by stevenposner on Sep 13, 2020

pikon

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stevenposner

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Reply 2 on: Sep 13, 2020
Great answer, keep it coming :)


Viet Thy

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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