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1654080 L Form

1654080 L Form

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Property held for investment e Enter the smaller of line 4d or your net capital gain from the disposition 4e of property held for investment (see instructions) f Subtract line 4e from line 4d g Enter the amount from lines 4b and 4e that you elect to include in investment income (see instructions) h Investment income. Add lines 4c, 4f, and 4g 5 Investment expenses (see instructions) 6 Net investment income. Subtract line 5 from line 4h. If zero or less, enter -0- Part III 7 8 51 Identifying...
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Hi this is John with PDF tax calm we have on the screen here form 1120 the U.S. corporation income tax return and this is the official government form that we're looking at it was downloaded from IRS gov, and it's been enhanced in a couple ways the most obvious one is the yellow navigation buttons that you see these buttons are visible on the screen but if you were to print the paper copy they would not print, so you could actually use this to file your return with the IRS if you wanted to since it's the official government form the other thing we've done is we've added some calculations here so if I was to enter 350 right there that carries down automatically to line 11 for you which is pretty nice and so let's work with this a little to see how it works I have created a fictitious company Seattle leather works, and they make leather products such as leather purses and that type of thing, so we've already entered the sale so let's go to the let the end of the cost of goods sold and to

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