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 Form 4952, Investment Interest Expense Deduction 1040 Com 2012

2012-2025 Form

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Instructions and help about Form 4952, Investment Interest Expense Deduction 1040 com

let's dig into what's happening on page two of a form 1040. so first of all in line 16 it's asking you to determine your tax and you do that by looking at the tax table taking the taxable income number that you got on page one of the 1040 and determining how much tax you owe i've put in a hypothetical six thousand dollars line 17 asks you to look at schedule 2 and what schedule 2 is is basically a worksheet that helps you figure out additional taxes that you might owe on top of what you've already calculated in on the first page for your taxable income line 18 tells you basically hey addline16 adline17 and get a bit of a tax subtotal if you will now in line 19 it's going to see if you're eligible for the child tax credit and you would enter that credit there and again a credit is something that reduces the amount of tax that you would otherwise owe line 20 tells you to head over to schedule three and schedule three at the top list

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