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
FinnZ [79.3K]
3 years ago
6

How to report sale of inherited property on tax return?

Business
1 answer:
IrinaVladis [17]3 years ago
3 0

Your share of the sales proceeds from the sale of a home you had inherited should be reported on Schedule D in the Investment Income section of TaxAct. You would enter "Inherited" as the date the property was acquired, then enter the cost basis, date of sale, and the sales proceeds.

You might be interested in
Clint Hill, CEO of Oregano Systems, a software engineering company, holds internal contests on the company intranet to get his e
kodGreya [7K]

Answer:

C) Bottom-up approach

Explanation:

The bottom-up approach refers to a management style where employee feedback is very valuable. Employees are generally invited to participate in the decision making or goal setting processes. The communication flows from the bottom of the organization to upper management levels.

In this case Hill, organizes an internal contest in order to get new business ideas.

8 0
3 years ago
Big Canyon Enterprises has bonds on the market making annual payments, with 12 years to maturity, a par value of $1,000, and a p
PSYCHO15rus [73]

Answer:

6.32%

Explanation:

Bonds yield amount = $1,030 × 6.14% = $63.242

Coupon rate = Bond yield amount ÷ Par value of the bond = $63.242 ÷ $1,000 = 0.063242, or 6.32%

Therefore, the coupon rate on the bonds must be 6.32%.

4 0
4 years ago
Japan, with a high population density and a large number of urban centers that grew up before the automobile, has a retail syste
Hitman42 [59]

Answer:

Fragmented Retail system

Explanation:

A fragmented retail system can be defined as a market in which no firm can has or can exert any influence to move the market in a particular direction.

This simply means that a fragmented retail system is one in which no product or firm has a grip or major share in the market. This leaves the market to a lot of small and medium scaled businesses competing with larger companies.

From the question, it can be seen that there a lots of small stores that serves the neighborhood. This means that the small shops cater for the needs of people within its vicinity such that there isn't any need for visiting larger stores.

Cheers

3 0
3 years ago
Auditing standards don't specifically discuss the audit procedures that should be applied to a client's pension-related financia
Irina-Kira [14]

Answer:

Explanation:

(a). Audit Procedure (b) . Audit Objective

1.a Take note of trading/order paperwork with the pension (b). Existence of investment/accounts.

2a. Movement of funds within accounts. (b. Examine plan document for investment objectives

3a.make sure that investments agree with plan objectives and allowed risk level (b. Take note of current investment holdings

4a. Make sure that funds are held at updated market fair value(mark to market) (b. Take note of contracts, meeting minutes etc. Confirm that purchases/sales have been approved and falls into plan polices

5a. Extra examination of any significant plan holdings (b. Verify existence and appropriate value . This is important if the plan invest in non-public assets , example is assets are private, equity.

4 0
4 years ago
In the context of the aio dimensions for measuring consumers' lifestyles, "a" stands for ________.
djyliett [7]
In the context of the aio dimensions for measuring consumers' lifestyles, "a" stands for <span><em>activities</em></span>
4 0
3 years ago
Other questions:
  • Conquistadores were from?
    9·1 answer
  • Waterway Company uses a periodic inventory system. For April, when the company sold 450 units, the following information is avai
    6·1 answer
  • Alpha Manufacturing has interest expense of $12 million, total assets of $184 million, sales of $176 million, long-term debt of
    13·1 answer
  • Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annua
    10·1 answer
  • When Apple, Inc. opened retail stores to sell its computers and iPods, this was an example of:
    14·1 answer
  • Mia received a credit card offer in the mail. The credit card has an annual percentage rate of 26%. What is the approximate mont
    10·1 answer
  • Cantlay, Inc., earns pretax book net income of $800,000 in 2019. Cantlay acquires a depreciable asset that year, and first-year
    5·1 answer
  • The main purpose of most tariffs and quotas is to
    7·1 answer
  • Nathan and Diana are married and have three married children and seven minor grandchildren. For tax year 2020, what is the maxim
    10·1 answer
  • How would an economy with low unemployment be affected by an increase in individual households incomes?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!