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Information about Publication 551, Basis of Assets, including recent updates and related forms. Publication 551 discusses basis, the amount of your investment in property. It discusses cost basis, adjusted basis, and basis other than cost.

Topic No. 551 Standard Deduction

Information about Form 8725, Excise Tax on Greenmail, including recent updates, related forms and instructions on how to file. Use this form to report and pay the 50% excise tax imposed under section 5881 on the gain or other income realized on the receipt of greenmail.

Information about Form 6198, At-Risk Limitations, including recent updates, related forms and instructions on how to file. Form 6198 is used by individuals, estates, trusts, and certain corporations to figure the profit (loss) from an at-risk activity, the amount at risk, and the deductible amount of the loss.

Information about Form 8828, Recapture of Federal Mortgage Subsidy, including recent updates, related forms, and instructions on how to file. Form 8828 is used by homeowners with federal mortgage subsidies to report the recapture tax on the subsidy if they sold or otherwise disposed of the home.

Information about Form 709, United States Gift (and Generation-Skipping Transfer) Tax Return, including recent updates, related forms, and instructions on how to file. Use Form 709 to report transfers subject to the federal gift and certain GST taxes.

Information about Form 6252, Installment Sale Income, including recent updates, related forms and instructions on how to file. Use Form 6252 to report income from an installment sale on the installment method.

Information about Publication 544, Sales and Other Dispositions of Assets, including recent updates and related forms. Publication 544 explains the tax rules that apply when you dispose of property. It discusses how to figure gain (loss), whether it is ordinary or capital, how to treat the gain or loss, and how to report gains and losses.

Publication 587 explains how to figure and claim the deduction for business use of your home. It includes special rules for daycare providers. This publication explains how to figure and claim the deduction for business use of your home. It includes special rules for daycare providers.

Information about Form 8949, Sales and other Dispositions of Capital Assets, including recent updates, related forms and instructions on how to file. Form 8949 is used to list all capital gain and loss transactions.