The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Investclub cap gain?||Date: 3/9/1998 10:35 AM|
|Author: TMFTaxes||Number: 2515 of 122503|
[[Q1) I have a small amount of $15 as the capital gain
Should we include this schedule D or is there any place for this? Beisdes what will I write in the
colums for date of purchese and date of sale?
Is this long term or short term? (likely it could be both)]]
I can only assume that you received your capital gain in the form of a Partnership K-1 form. And you should have also received instructions for that K-1 form which should tell you how to report this gain.
[[ Q2 I have paid some money as legal fees to process
my work visa ( I am from another country). Some where I read that it is deductable as it is a fees
FOR employment. Where do I do this ? Besides Schedule AB
says personal legal expenses are NOT deductable!Help me in this]]
You would report your business expenses on Schedule A as a miscellaneous itemized deduction.
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