Get the free 2017-18 Asset Worksheet - Bristol Community College
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Be sure to include Real estate trust funds UGMA and UTMA accounts money markets funds mutual funds certificates of deposit stocks stock options bonds other securities installment and land sale contracts including mortgages held commodities etc. Real Estate If you live in a multi-family home that you own report the net worth for the portion of the home that you do not live in. For example if you have a three family home and you live in one unit report the net worth of the remaining two units....
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How to fill out 2017-18 asset worksheet
How to fill out 2017-18 asset worksheet
01
Gather all relevant financial documents such as bank statements, investment statements, property deeds, and any other records of assets.
02
Start by entering your personal information at the top of the worksheet, including your name, social security number, and filing status.
03
List all cash assets in the designated section, including the balances of your checking and savings accounts.
04
Move on to investments and retirement accounts. Include the values of stocks, bonds, mutual funds, 401(k)s, IRAs, and any other investment vehicles you may have.
05
If you own any real estate properties, record their market values in the appropriate section. Don't forget to include your primary residence, vacation homes, rental properties, and land.
06
Next, detail any vehicles you own, such as cars, boats, motorcycles, or recreational vehicles. Write down their current market values.
07
In the personal property section, itemize valuable possessions like jewelry, artwork, collectibles, and antiques. Estimate their worth as accurately as possible.
08
Lastly, list any other assets not covered in the previous sections, such as business interests, patents, copyrights, or royalties.
09
Review all the information filled out in the worksheet to ensure accuracy and completeness.
10
Submit the completed 2017-18 asset worksheet along with your other tax documents to the relevant tax authority.
Who needs 2017-18 asset worksheet?
01
Individuals who are required to file taxes for the 2017-18 tax year may need to fill out the 2017-18 asset worksheet.
02
Anyone who wants to accurately report their assets and comply with tax regulations should utilize the 2017-18 asset worksheet.
03
The worksheet is particularly useful for individuals with a diverse range of assets, such as investments, properties, or valuable possessions.
04
If you received specific instructions from a tax professional or the tax authority to complete the 2017-18 asset worksheet, you should do so.
05
People who want to claim deductions, exemptions, or credits that involve their assets may be required to fill out the asset worksheet.
06
Individuals who are subject to a certain threshold of asset value may be obligated to provide this information on their tax returns.
07
If you are uncertain whether you need to fill out the 2017-18 asset worksheet, it is recommended to consult a tax professional or the tax authority.
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What is 18 asset worksheet?
The 18 asset worksheet is a form used to report assets owned by an individual.
Who is required to file 18 asset worksheet?
Individuals who meet certain criteria set by tax authorities are required to file the 18 asset worksheet.
How to fill out 18 asset worksheet?
Individuals must provide accurate and detailed information about their assets on the 18 asset worksheet form.
What is the purpose of 18 asset worksheet?
The purpose of the 18 asset worksheet is to allow tax authorities to assess an individual's assets for tax purposes.
What information must be reported on 18 asset worksheet?
Information such as bank account balances, real estate properties, investments, and other assets must be reported on the 18 asset worksheet.
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