Tax Primer on Reporting Property Sales and Residence Rules
Richard A Mullens explains how average taxpayers report property sales on Schedule D. The article outlines short and long term capital gains rules, residence sale special rules, depreciation, basis, and losses. It also includes tips for completing Form 1040 Schedule D and a Q A section with common scenarios.
MENTIONED IN THIS ARTICLE
Richard A. Mullens
Air Sea and Land Accidents Kill Over 100 Worldwide
A weekend spate of air sea and rail disasters left more than 95 dead with 40 missing and about 195 injured. Incidents include a National Airlines DC-6 crash off Alabama with 29 missing, two Philippine bus crashes with 36 dead, a Bari Naples rail derailment at Benevento with 22 dead, and a Japan offshore collision leaving 11 missing from a fishing boat.
MENTIONED IN THIS ARTICLE
United Press
National Airlines
Gulf of Mexico
Alabama
Coast Guard
Philippines
Bari
Argentina
Japan
Congress Upset Over GIs Plight
Washington reports Congress telling the Army to fund promotions believed deserved by enlisted men in Korea and elsewhere. Members of the military appropriations committee criticized promotions denied due to budget limits as hearings highlighted requests for extra money to support promised advancement.
MENTIONED IN THIS ARTICLE
Washington
Congress
Korea
Burglars Take $2640 From Fort Worth Night Club
Burglars stole 2640 from J. E. Curtis’s Fort Worth nightclub safe and jammed the door, forcing Curtis to call a locksmith to confirm the robbery.
MENTIONED IN THIS ARTICLE
Fort Worth
Tex
J. E. Curtis
Senator Thomas accuses VA of election time ruse
Rep. Albert Thomas and Rep. Norris Cotton charged Veterans Administration officials with closing hospital beds to influence elections. They alleged a conspiracy to use veterans groups to pressure for more funds while citing a $384 million deficiency request and a $30 million cut in the VA medical program.
MENTIONED IN THIS ARTICLE
Washington
Albert Thomas
D-Tex
Carl R. Gray Jr
Veterans Hospital
Thomas
Appropriations Subcommittee
Gray
Veterans
Bo Ee Ors Congress
Norris Cotton
R-N.h
Cotton
Veterans Administration
Naval Hospital
Philadelphia
Schoolnew
VA Hospital
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