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It is up to a maximum of 25%.
I agree that both §1(h) and the Schedule D worksheet are mind-bending, that is how it works.
https://www.irs.gov/pub/irs-prior/i1040sd--2015.pdf#page=15
https://www.law.cornell.edu/uscode/text/26/1#h
It is up to a maximum of 25%.
I agree that both §1(h) and the Schedule D worksheet are mind-bending, that is how it works.
https://www.irs.gov/pub/irs-prior/i1040sd--2015.pdf#page=15
https://www.law.cornell.edu/uscode/text/26/1#h
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