Answered

Welcome to Westonci.ca, where curiosity meets expertise. Ask any question and receive fast, accurate answers from our knowledgeable community. Experience the ease of finding reliable answers to your questions from a vast community of knowledgeable experts. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

Buddie is filing his federal income tax return with the 1040EZ form using the Single filing status, and nobody can claim him as a dependent. If he had wages, salaries, and tips of $53,100, taxable interest of $230, and no unemployment compensation, what should he enter on line 6 of the Income section below?

Sagot :

anthougo

Answer:

Buddie

Buddie should enter on line 6 of the income section:

capital gains or losses that he incurred for the past year.

Step-by-step explanation:

Line 6 asks about the capital gains or losses from the past year so that the AGI total could be obtained before deductions are made.  Where Line 6 is filled, there are some other forms that will accompany it, like Schedule D and 1099-B or 1099-S forms, which record the capital gains or losses.  All capital gains that are not excludable must be stated for income tax purpose.

CREEPYTHEKID

Answer:

$43,980

Step-by-step explanation:

We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Thank you for using Westonci.ca. Come back for more in-depth answers to all your queries.