What Is Form 4797: Sales of Business Property? Form 4797 (Sales of Business Property) is a tax form distributed by the Internal Revenue Service (IRS). It is used to report gains made from the sale or exchange of business property, including (but not limited to) property used to generate rental income, and property used for
What Is Form 4952: Investment Interest Expense Deduction? Form 4952: Investment Interest Expense Deduction is a tax form distributed by the Internal Revenue Service (IRS) used to determine the amount of investment interest expense that can be deducted, as well as any interest expense that can be carried forward to a future tax year. The
What Is SEC Form 5: Annual Statement of Changes in Beneficial Ownership of Securities? SEC Form 5: Annual Statement of Changes in Beneficial Ownership of Securities is a document that company insiders must file with the Securities and Exchange Commission (SEC) if they have conducted transactions in the company’s securities during the year. Officers at
What Is Form 5405: First-Time Homebuyer Credit and Repayment of the Credit? Form 5405: First-Time Homebuyer Credit and Repayment of the Credit is a tax form distributed by the Internal Revenue Service (IRS). Taxpayers used it to claim a tax credit for a percentage of the purchase price of a new home. That tax credit
What Is Form 6251: Alternative Minimum Tax-Individuals? Form 6251: Alternative Minimum Tax-Individuals is an Internal Revenue Service (IRS) tax form used to determine the amount of alternative minimum tax (AMT) that a taxpayer may owe. Some taxpayers with higher incomes can claim certain deductions that allow them to reduce their regular tax obligation. The AMT sets
What Is Form 6252: Installment Sale Income? Form 6252: Installment Sale Income is an Internal Revenue Service (IRS) form used to report income from the sale of real or personal property coming from an installment sale with the installment method. An installment sale occurs when at least one payment from the disposition of property is
What Is Form 6781: Gains and Losses From Section 1256 Contracts and Straddles? Form 6781: Gains and Losses From Section 1256 Contracts and Straddles is used to report gains and losses from straddles or financial contracts that are labeled as Section 1256 contracts. A straddle is a strategy that involves holding contracts that offset the
What Is Form 706: United States Estate (and Generation-Skipping Transfer) Tax Return? Form 706: United States Estate (and Generation-Skipping Transfer) Tax Return is an Internal Revenue Service (IRS) form used by an executor of a decedent’s estate to calculate the estate tax owed, according to Chapter 11 of the Internal Revenue Code (IRC). The tax is levied on
What Is Form 706-GS(D): Generation-Skipping Transfer Tax Return For Distributions? Form 706-GS(D) is a tax form distributed by the Internal Revenue Service (IRS) that is used to calculate taxes due on trust distributions subject to a generation-skipping transfer tax (GSTT). When a person dies and leaves their estate to heirs, they may attempt to avoid
What Is Form 8282: Donee Information Return (Sale, Exchange, or Disposition of Donated Property)? Form 8282: Donee Information Return (Sale, Exchange, or Disposition of Donated Property) is an IRS tax form used by donor organizations to report the sale or disposition of charitable deduction property—other than money and publicly traded securities—to both the IRS and
