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What Is Schedule A (Form 1040 or 1040-SR): Itemized Deductions? Schedule A (Form 1040 or 1040-SR): Itemized Deductions is an Internal Revenue Service (IRS) form for U.S. taxpayers who choose to itemize their tax-deductible expenses rather than take the standard deduction. The Schedule A form is an optional attachment to the standard 1040 form that

What Is Schedule D? Schedule D is one of the many schedules provided by the IRS and filed with the U.S. Individual Income Tax Return Form 1040. Schedule D is required when reporting any gains or losses you realize from the sale of your capital assets. Capital assets include property you own and use for personal

What Is Scheduled Personal Property? Scheduled personal property is a supplemental insurance policy that extends coverage beyond the standard protection provided in a homeowners’ insurance policy. By purchasing a scheduled personal property policy, owners can ensure full coverage of expensive items, such as jewelry, in the event of a claim. Key Takeaways Scheduled personal property is an additional

What Is a Scheduled Recast? A scheduled recast is a recalculation of the remaining payment schedule of principal and interest payments for a mortgage. A mortgage is a type of loan in which a bank lends to a borrower for the purchase of a home. The recast is done on a predetermined or scheduled date. Some mortgage

Schedule F is a section in an annual insurance statement in which reinsurance transactions are disclosed. It is used by regulators to identify the different reinsurance arrangements that an insurer may be taking part in, and provides an indicator of whether the insurer will be able to collect reinsurance recoverables if losses are incurred. Schedule

What Is Schedule K-1? Schedule K-1 is a federal tax document used to report the income, losses, and dividends for a business’ or financial entity’s partners or an S corporation’s shareholders. The K-1 form is also used to report income distributions from trusts and estates to beneficiaries. A Schedule K-1 document is prepared for each

What Is Schedule L: Transactions with Interested Persons? Schedule L is a tax schedule attached to IRS Form 1040 that is used to calculate the standard deduction for certain tax filers. Schedule L is only used by taxpayers who are increasing their standard deduction by reporting state or local real estate taxes, taxes from the

What Is Schedule TO? Schedule TO is a regulatory filing with the Securities and Exchange Commission (SEC) required of a party that makes a tender offer under the Securities Exchange Act of 1934 that would result in more than 5% ownership of a class of the company’s securities. The tender offer statement is governed by section 14(d)(1) or 13(e)(1) of

What Is a Schedule TO-C? A schedule TO-C is filed with the Securities Exchange Commission (SEC) when any written communications take place relating to a tender offer. Schedule TO-C is a subset of the Schedule TO filing—also referred to as a tender offer statement. Key Takeaways A schedule TO-C is filed with the Securities Exchange Commission

What Is Supply Chain Management (SCM)? Supply chain management is the management of the flow of goods and services and includes all processes that transform raw materials into final products. It involves the active streamlining of a business’s supply-side activities to maximize customer value and gain a competitive advantage in the marketplace. Key Takeaways Supply chain