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Cat. No. 16146D Form 8845 2011 Page 2 Indian reservation means a reservation as defined in section 3 d of the Indian Financing Act of 1974 or section 4 10 of the Indian Child Welfare Act of 1978.
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What is form 8845?
Form 8845 is a tax form used by taxpayers to report the sale or exchange of property that has been used for personal purposes, such as a second home or a rental property.
Who is required to file form 8845?
Taxpayers who have sold or exchanged property that was used for personal purposes and have a gain from the sale or exchange are required to file Form 8845.
How to fill out form 8845?
To fill out Form 8845, taxpayers need to provide their personal information, details about the property sold or exchanged, the date of acquisition, the selling price, and the gain realized. It is recommended to consult the instructions provided with the form for detailed guidance on filling it out accurately.
What is the purpose of form 8845?
The purpose of Form 8845 is to report the gain realized from the sale or exchange of property that was used for personal purposes. This information is used to calculate the taxable income of the taxpayer.
What information must be reported on form 8845?
On Form 8845, taxpayers must report their personal information, details about the property sold or exchanged, the date of acquisition, the selling price, and the gain realized from the sale or exchange.
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