I Like Accounting

IRS Tax Forms

Lesson
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The United States loves to have documents that need to be filled out by accountants.

Being able to recognize each by its name or purpose can be helpful.

Question
The CEO of Adam inc., the famed blanket exporter, asked you to take a look at a document he found in his desk.

You've been briefed with the following facts:

  • The document's title is Schedule D to Form 1040.
What's the form for?
Answer
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👉 Answer:

  • It's for reporting capital gains and losses for federal income taxes.
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