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Paid cash for your home 119271.71 where does this amount go on your taxes for 2007?
Purchasing a house is not tax-deductible.You can deduct mortgage interest (which you do not have) and property taxes. If you received a property tax credit from the seller, which appears on the settlement sheet from your closing, you must net that against any taxes you paid during 2007. If there was any credit for taxes due in 2008, net that portion of the credit against property taxes you pay in 2008 to figure your deductible portion.
If you give a scholarship to a student can you deduct from 2008 taxes what they should have paid?
Unless your a business or a charity, your gift is not tax deductible.
Can I deduct the business expense of credit card purchases?
If you are deducting business expenses it is same whether they are on credit or cash or check. Deduct them with written records of who, what, when, where and why, the same as any other business expense. There must be a valid business reason for the expense. If you charge it in 2008 and don't pay until 2009, it goes in 2008. - HR Block preparer
How much can you claim for mileage for medical purposes on your 2008 income tax return?
For 2008, you can deduct $.19 per mile driven January 1 - June 30, and $.27 per mile driven July 1 - December 31.
Are taxes filed in 2008 for 2007?
Yes a tax return that was filed in the year 2008 would have been for the 2007 tax year income tax return.
Paid cash for your home 119271.71 where does this amount go on your taxes for 2007?
Purchasing a house is not tax-deductible.You can deduct mortgage interest (which you do not have) and property taxes. If you received a property tax credit from the seller, which appears on the settlement sheet from your closing, you must net that against any taxes you paid during 2007. If there was any credit for taxes due in 2008, net that portion of the credit against property taxes you pay in 2008 to figure your deductible portion.
What teams did kevin Durant play for?
Oklahoma City is incorrect . He played with the Seattle Supersonics for 2007-2008 season and then Oklahoma City bought the Seattle franchise.
Your fiance and you just bought a house together you will not be married until 2009 How will you file the interest paid for 2008?
First and foremost, only the person who actually paid the mortgage interest (from his/her own funds) may deduct any of it. Then, it depends on how the house is deeded. If you own it in joint tenancy with rights of survivorship with your fiance, the person who paid it may deduct it. If you split the payments, you may split the deduction in the same proportion as you paid it. If you own the house as tenants in common, each of you may deduct as much as you actually paid, but only to the extent of your ownership interest in the property -- probably 50%. That is, even if you paid 100% of the mortgage payments, you may deduct no more than half of the interest.
Does a 2008 Citroen c4 grand Picasso2.0hdi come with a spare wheel?
the 2007 gp4 never did i bought a carrier kit and bolted one underneath
How many Tuesdays were there between July 2007 and June 2008?
Counting from the start of July 2007 to the end of June 2008, there were a total of 52 Tuesdays between these two dates, falling on the following days: 03/07/2007 10/07/2007 17/07/2007 24/07/2007 31/07/2007 07/08/2007 14/08/2007 21/08/2007 28/08/2007 04/09/2007 11/09/2007 18/09/2007 25/09/2007 02/10/2007 09/10/2007 16/10/2007 23/10/2007 30/10/2007 06/11/2007 13/11/2007 20/11/2007 27/11/2007 04/12/2007 11/12/2007 18/12/2007 25/12/2007 01/01/2008 08/01/2008 15/01/2008 22/01/2008 29/01/2008 05/02/2008 12/02/2008 19/02/2008 26/02/2008 04/03/2008 11/03/2008 18/03/2008 25/03/2008 01/04/2008 08/04/2008 15/04/2008 22/04/2008 29/04/2008 06/05/2008 13/05/2008 20/05/2008 27/05/2008 03/06/2008 10/06/2008 17/06/2008 24/06/2008
What actors and actresses appeared in Alquilados - 2007?
The cast of Alquilados - 2007 includes: Paco Angulo as (2007-2008) Patricia Arizmendi as (2007-2008) Jorge Velasco as (2007-2008) Edduardo Viera as (2007-2008)
Which is older 2007 or 2008?
2007 is older than 2008
How much does skoal make a year?
In 2007, 552 million. Altria bought UST - the owner of Skoal, at the beginning of 2009. The process started in 2008 and was completed in January, so the 2008 results are mingled. Altria owns Marlboro. In 2007, UST (Skoal, Copenhagen, etc.) made 552 Million.
If you give a scholarship to a student can you deduct from 2008 taxes what they should have paid?
Unless your a business or a charity, your gift is not tax deductible.
What actors and actresses appeared in Why I Bought a Bike - 2008?
The cast of Why I Bought a Bike - 2008 includes: Evan Dowling as Thomas Nicola Germaine as Danielle
What was the 2008 property taxes for 105 Krispy Kreme Drive?
The average property tax in 2008 for Bloomington Il was $3,585
How much does a salvage title effect the price of 2008 Honda accord ex coupe?
Deduct at least 25% of the book value.
