the discharge of indebtedness must be included in a taxpayer's... 3 Amount of reduction of tax attributes 4.8.4 NOL special treatment for S corporation 4.8.5 Election to reduce basis first...
March 2018) Department of the Treasury Internal Revenue Service Reduction of Tax Attributes Due to Discharge of Indebtedness (and Section 1082 Basis Adjustment) ▶ Attach this form to your...
Information about Form 982, Reduction of Tax Attributes Due to Discharge of Indebtedness (and Section 1082 Basis Adjustment), including recent updates, related forms, and instructions on how to fil...
Part II ; Basis Reduction : If you check any of the boxes on lines 1a through 1c, you can elect, by completing line 5, to apply all or a part of the debt discharge amount to first reduce the basis of depreciable property (including property you elected on line 3 to treat as depreciable property). Any balance of the debt discharge amount will then be applied to reduce the tax attributes in the order listed on lines 6 through 13 (excluding line 10b). You must attach a statement describing the transactions that resulted in the reduction in basis u ...
Commonly used IRS tax forms and schedules ; Form 1040 : Individual Income Tax Return–Long Form, Form W-2 : Wages and Taxes, Schedule A : Itemized Deductions, Schedule B : Interest and Dividend Income, Schedule D : Capital Gains/Losses, Schedule C : Profit/Loss from Business, Schedule E : Rental and Royalty Income, Schedule EIC : Earned Income Credit, Schedule SE : Self-Employment Tax, Schedule 1 : Additional Income and Adjustments to Income, Schedule 2 : Additional Taxes, Schedule 3 : Additional Credits and Payments
Form 1040 and Schedules 1-3: US Individual Income Tax ; Form 1040-SR and Schedules 1-3: US Tax Return for Seniors ; Background Worksheet: Background Information Worksheet ; Dependents Worksheet: Worksheet for Dependents
Question, Answer ; Form Name, Form 982 ; Form Length, 1 pages ; Fillable?, No
This publication provides tax information for homeowners, including expenses you can deduct and records you should keep.
982 Reduction of Tax Attributes Due to Discharge of Indebtedness (And Section 1082 Basis Adjustment) Legal U.S. Department of the Treasury - Internal Revenue Service United States Legal...
You can receive income in the form of money, property, or services. This publication discusses many kinds of income and explains whether they are taxable or nontaxable. It includes...