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VETERAN LEGISLATION13 June 2010Of the 5518 House and 3482 Senate pieces of legislation introduced in the 111th Congress to date, the following are of interest to the nonactive duty veteran community.
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Form 5518 is used by individuals to report the sale of a primary residence.
Individuals who have sold their primary residence during the tax year are required to file Form 5518.
Form 5518 should be filled out with information about the sale of the primary residence, including the sale price, date of sale, and any capital gains or losses.
The purpose of Form 5518 is to report the sale of a primary residence and calculate any capital gains or losses that may result from the sale.
Information that must be reported on Form 5518 includes the sale price of the primary residence, date of sale, and any capital gains or losses.
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