Cant find what form where I can income average, get my investment tax credit,
and cant find where I put in the dividend divestiture of AT & T. Can anybody help?
2007-03-14 06:32:18 · 5 answers · asked by bold4bs 4 in Business & Finance ➔ Taxes ➔ United States
Publication 550 talks about Investment income and expenses.
Dividends go on Schedule B.
2007-03-14 06:38:59 · answer #1 · answered by R Worth 4 · 2⤊ 0⤋
Income Averaging - Discontinued in 1986 (unless your a farmer or a fisherman)
Investment Tax Credit - Discontinued in 1986
2007-03-14 07:11:27 · answer #2 · answered by Wayne Z 7 · 2⤊ 0⤋
The old income averaging is not available. There is a schedule J for farmers and fisherman.
Investment tax credit is a business term. If you have a business, you should have an accountant. I couldn't find anything on schedule C for it.
2007-03-14 07:18:27 · answer #3 · answered by CarVolunteer 6 · 0⤊ 1⤋
i looked in the guide, but i'm a trucker, not an accountant, so it makes no sense to me either. to show you i tried, here's there helpline-
1800 959 8281. automated 24/7. if you NEED a PERSON, their hrs are: mon-fri (no holiday) 8:15 am-5 pm.
from NOW till april 30 these hrs are extended till 10 pm.
they didn't mention THIS; all times shown are EST.
2007-03-14 06:56:02 · answer #4 · answered by jeffrey m 4 · 0⤊ 2⤋
Been in stasis for a few years, I see.
2007-03-15 06:53:09 · answer #5 · answered by Bostonian In MO 7 · 0⤊ 0⤋