1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lyudmila [28]
1 year ago
11

When filing your tax return, what is the maximum amount you can deduct for a capital loss?.

Business
1 answer:
AnnZ [28]1 year ago
5 0

When filing your tax return, the maximum amount you can deduct for a capital loss is $3,000(for individuals and married filing jointly) or $1,500 (for married filing separately).

<h3>What is a tax return?</h3>

A tax return is such or more forms submitted to a taxing body that include earnings, outlays, and other crucial tax data.

Tax returns give taxpayers the option to determine their tax liability, plan out their tax payments, or ask for refunds for any taxes they have paid in excess of what is required.

Some characteristics is of tax returns are-

  • For just an individual or corporation having reportable income, such as wages, interests, dividends, capital appreciation, or other earnings, tax returns must typically be filed annually.
  • The tax return is just a document submitted to a taxing authority that lists earnings, outlays, and other pertinent financial data.
  • Taxpayers compute their tax liabilities, set up tax payments, and request refunds for overpaid taxes on their tax returns.
  • Tax returns must typically be filed yearly.

To know more about tax returns, here

brainly.com/question/27300507

#SPJ4

You might be interested in
An important cloud design philosophy that defines all interactions among computing devices as services in a formal standardized
Fynjy0 [20]

An important cloud design philosophy that defines all interactions among computing devices as services in a formal standardized way is termed the Service Oriented Architecture or abbreviated as SOA. It is also a style of software design in which <span>services are provided to the other components by application components, through a communication protocol over a </span>network.<span> 
</span> 

<span> </span>

3 0
3 years ago
At what value should the land be recorded in clementine repair service records?
adell [148]

Answer: $369,500

Explanation:

The Cost concept of accounting calls for the recording of Assets at their cost.

Clementine Repair services offered to buy the land at $350,500 when it was priced at $388,500.

The seller countered with $369,500 and Clementine accepted this.

This means that Clementine bought the land for $369,500 which makes it the cost price.

They should therefore record it at $369,500.

6 0
3 years ago
The journal entry for the purchase of inventory on account using the perpetual inventory system is
alexandr1967 [171]

Answer:

D. Merchandise Inventory xxx

Accounts Receivable xxx

Explanation:

The Journal Entry is shown below:-

Merchandise Inventory A/c Dr,         xxx

              To Accounts Payable     xxx

(Being purchase of inventory on account is recorded)

Therefore inventory is purchased so it will increasing assets, it is debited while accounts payable is increasing liabilities so it is credited.

5 0
3 years ago
Employees and customers are treated like a family at State Street Coffee House. Jason and Jill, the owners, work to encourage un
quester [9]

Answer: <em>Clan Culture</em>

Explanation:

A clan culture is generally referred to or known as a tribe-like or family-like kind of organization environment that tend to emphasize on the consensus and also on the commonality of  values and goals. Clan cultures are often viewed as a collaborative and also one of the least competitive corporate culture models which often exist in an organization.

7 0
4 years ago
In order to ensure that an item never comes up for consideration in the first place, individuals will sometimes try to control t
notka56 [123]

In order to ensure that an item never comes up for consideration in the first place, individuals will sometimes try to control the agenda.

As agenda sets out the list of things to be discussed during the meeting, so if anybody wants to hide something then they can do it by controlling the Agenda.

Thus, it is clear from this definition that political action is any activity initiated to overcome opposition or resistance. If there is no opposition, there is no need for political activity.

Finally, leadership is the ability of an individual to elicit a response from others beyond required or mechanical compliance. It is this consideration aspect of leadership that distinguishes it from power and authority.

Learn more about consideration at

brainly.com/question/27027695

#SPJ4

4 0
2 years ago
Other questions:
  • The extent of job creation and job destruction is:____________
    9·1 answer
  • How might a recent college graduate's investment portfolio differ from someone who is nearing retirement
    9·2 answers
  • Managers should avoid satisficing in the ____ stage of the managerial decision-making process.
    9·1 answer
  • BeFriends Corporation uses the trademark of Community Life Inc., a social media site, as a meta tag without Community Life’s per
    8·2 answers
  • The field of _______ is considered a subfield of behavioral medicine and focuses on the various mental factors that are importan
    11·1 answer
  • Cutter Ford Aiea for years marketed itself on the slogan "Cutter Ford Aiea: Where you make the deal." What car buyers said was t
    6·1 answer
  • Feature of deligation of authority​
    10·1 answer
  • Castille Corp. purchases, for $600,000, land upon which a building and a dilapidated shed are situated. Castille plans to use th
    10·1 answer
  • Broker rob believes he is being approached by a fair housing tester. what should rob do?
    9·1 answer
  • which of the following is not typically involved in rescheduling activities of a troubled sovereign loan? group of answer choice
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!