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1040 Ez Instructions

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1040 Ez Instructions

1040 ez instructions Publication 3920 - Main Contents Table of Contents Tax ForgivenessYears Eligible for Tax Forgiveness Amount of Tax Forgiven Refund of Taxes Paid How To Claim Tax Forgiveness Payments to SurvivorsSeptember 11th Victim Compensation Fund of 2001 Qualified Disaster Relief Payments Disability Payments Death Benefits Canceled Debt Payments to Survivors of Public Safety Officers Postponed Tax DeadlinesCovered area. 1040 ez instructions Disaster Area Losses Estate Tax Reduction Structured Settlement Factoring Transactions Illustrated Worksheets B and C Additional Worksheets How To Get Tax Help Tax Forgiveness The IRS will forgive the federal income tax liabilities of decedents who died as a result of the Oklahoma City attack, September 11 attacks, and anthrax attacks. 1040 ez instructions Income tax is forgiven for these decedents whether they were killed in an attack or in rescue or recovery operations. 1040 ez instructions Any forgiven tax liability owed to the IRS will not have to be paid. 1040 ez instructions Any forgiven tax liability that has already been paid will be refunded. 1040 ez instructions (See Refund of Taxes Paid, later. 1040 ez instructions ) To determine the amount of tax to be forgiven, read Years Eligible for Tax Forgiveness first. 1040 ez instructions Then read Amount of Tax Forgiven. 1040 ez instructions Decedents whose total forgiven tax liability for all eligible years is less than $10,000 are entitled to $10,000 minimum relief. 1040 ez instructions Even decedents who were not required to file tax returns for the eligible tax years are entitled to $10,000 minimum relief. 1040 ez instructions See Minimum Amount of Relief later under Amount of Tax Forgiven. 1040 ez instructions Years Eligible for Tax Forgiveness The following paragraphs explain which years are eligible for tax forgiveness. 1040 ez instructions Oklahoma City attack. 1040 ez instructions   For those who died from this attack, income tax is forgiven for 1994 and all later years up to and including the year of death. 1040 ez instructions Example 1. 1040 ez instructions A man was killed in the bombing of the federal building in Oklahoma City on April 19, 1995. 1040 ez instructions His income tax is forgiven for 1994 and 1995. 1040 ez instructions Example 2. 1040 ez instructions A woman was wounded while walking outside the federal building in Oklahoma City on April 19, 1995. 1040 ez instructions She subsequently died of her wounds in 1996. 1040 ez instructions Her income tax is forgiven for 1994, 1995, and 1996. 1040 ez instructions September 11 attacks and anthrax attacks. 1040 ez instructions   For those who die from these attacks, income tax is forgiven for 2000 and all later years up to and including the year of death. 1040 ez instructions Example 1. 1040 ez instructions A Pentagon employee died in the September 11 attack. 1040 ez instructions Her income tax is forgiven for 2000 and 2001. 1040 ez instructions Example 2. 1040 ez instructions A visitor to the World Trade Center died in 2002 of wounds he sustained in the September 11 attack. 1040 ez instructions His income tax liability is forgiven for 2000, 2001, and 2002. 1040 ez instructions Amount of Tax Forgiven The IRS will forgive the decedent's income tax liability for all years eligible for tax forgiveness. 1040 ez instructions On a joint return, only the decedent's part of the joint income tax liability is eligible for forgiveness. 1040 ez instructions To figure the tax to be forgiven, use the following worksheets. 1040 ez instructions Use Worksheet A for any eligible year the decedent filed a return as single, married filing separately, head of household, or qualifying widow(er). 1040 ez instructions Use Worksheet B for any eligible year the decedent filed a joint return. 1040 ez instructions See the illustrated Worksheet B near the end of this publication. 1040 ez instructions Do not complete Worksheet A or B if the decedent was not required to file tax returns for the eligible tax years. 1040 ez instructions Instead, complete Worksheet C and file a return for the decedent's last tax year. 1040 ez instructions See Minimum Amount of Relief, later. 1040 ez instructions If you need assistance, call the IRS at 1–866–562–5227 Monday through Friday during the following times. 1040 ez instructions In English–7 a. 1040 ez instructions m. 1040 ez instructions to 10 p. 1040 ez instructions m. 1040 ez instructions local time. 1040 ez instructions In Spanish–8 a. 1040 ez instructions m. 1040 ez instructions to 9:30 p. 1040 ez instructions m. 1040 ez instructions local time. 1040 ez instructions Both spouses died. 1040 ez instructions   If both spouses died as a result of a terrorist attack and they filed a joint return for an eligible tax year, fill out Worksheet B for each spouse for that year. 1040 ez instructions Do this to determine if each spouse qualifies for the minimum relief of $10,000 (discussed later under Minimum Amount of Relief). 1040 ez instructions If you are certain that neither spouse's total forgiven tax liability for all eligible years is less than $10,000, skip Worksheet B. 1040 ez instructions However, attach a computation of the forgiven tax liability to the final income tax return or amended tax return for each eligible year. 1040 ez instructions The forgiven tax liability is the total tax shown on the joint return minus the taxes listed in the instructions for line 4 of Worksheet B. 1040 ez instructions Residents of community property states. 1040 ez instructions   If the decedent was domiciled in a community property state and the spouse reported half the community income on a separate return, the surviving spouse can get a refund of taxes paid on his or her share of the decedent's income for the eligible years. 1040 ez instructions Also, all of the decedent's income taxes paid for the eligible years will be refunded to either the executor or administrator of the estate, or to the surviving spouse if there is no legal representative. 1040 ez instructions Worksheet B. 1040 ez instructions Figuring the Tax To Be Forgiven (For Decedents Who Filed a Joint Return)       (A) First Eligible Year (1994 or 2000) (B) Second Eligible Year (1995 or 2001) (C) Third Eligible Year (1996 or 2002) 1 Enter the years eligible for forgiveness. 1040 ez instructions 1       2 Enter the decedent's taxable income. 1040 ez instructions Figure taxable income as if a separate return had been filed. 1040 ez instructions See the instructions. 1040 ez instructions 2       3 Enter the decedent's total tax. 1040 ez instructions See the instructions. 1040 ez instructions 3       4 Enter the total, if any, of the decedent's taxes not eligible for forgiveness. 1040 ez instructions See the instructions. 1040 ez instructions 4       5 Subtract line 4 from line 3. 1040 ez instructions 5       6 Enter the surviving spouse's taxable income. 1040 ez instructions Figure taxable income as if a separate return had been filed. 1040 ez instructions See the instructions. 1040 ez instructions 6       7 Enter the surviving spouse's total tax. 1040 ez instructions See the instructions. 1040 ez instructions 7       8 Enter the total, if any, of the surviving spouse's taxes listed in the instructions for line 4. 1040 ez instructions 8       9 Subtract line 8 from line 7. 1040 ez instructions 9       10 Add lines 5 and 9. 1040 ez instructions 10       11 Enter the total tax from the joint return. 1040 ez instructions See Table 1 on page 5 for the line number for years before 2002. 1040 ez instructions 11       12 Add lines 4 and 8. 1040 ez instructions 12       13 Subtract line 12 from line 11. 1040 ez instructions 13       14 Divide line 5 by line 10. 1040 ez instructions Enter the result as a decimal. 1040 ez instructions 14       15 Tax to be forgiven. 1040 ez instructions Multiply line 13 by line 14 and enter the result. 1040 ez instructions 15       Note. 1040 ez instructions If the total of columns (A), (B), and (C) of line 15 (including any amounts shown on line 5 of Worksheet A) is less than $10,000, also complete Worksheet C. 1040 ez instructions Attach the computation of the tax to be forgiven or a copy of this worksheet to the decedent's final income tax return or amended tax return (Form 1040X) for each year listed on line 1. 1040 ez instructions If filing Form 1040X for an eligible year, enter the amount from line 15 above on Form 1040X in column B of line 10 as a decrease in tax. 1040 ez instructions The IRS will determine the amount to be refunded. 1040 ez instructions Worksheet B. 1040 ez instructions Figuring the Tax To Be Forgiven (For Decedents Who Filed a Joint Return)       (A) First Eligible Year (1994 or 2000) (B) Second Eligible Year (1995 or 2001) (C) Third Eligible Year (1996 or 2002) 1 Enter the years eligible for forgiveness. 1040 ez instructions 1       2 Enter the decedent's taxable income. 1040 ez instructions Figure taxable income as if a separate return had been filed. 1040 ez instructions See the instructions. 1040 ez instructions 2       3 Enter the decedent's total tax. 1040 ez instructions See the instructions. 1040 ez instructions 3       4 Enter the total, if any, of the decedent's taxes not eligible for forgiveness. 1040 ez instructions See the instructions. 1040 ez instructions 4       5 Subtract line 4 from line 3. 1040 ez instructions 5       6 Enter the surviving spouse's taxable income. 1040 ez instructions Figure taxable income as if a separate return had been filed. 1040 ez instructions See the instructions. 1040 ez instructions 6       7 Enter the surviving spouse's total tax. 1040 ez instructions See the instructions. 1040 ez instructions 7       8 Enter the total, if any, of the surviving spouse's taxes listed in the instructions for line 4. 1040 ez instructions 8       9 Subtract line 8 from line 7. 1040 ez instructions 9       10 Add lines 5 and 9. 1040 ez instructions 10       11 Enter the total tax from the joint return. 1040 ez instructions See Table 1 on page 5 for the line number for years before 2002. 1040 ez instructions 11       12 Add lines 4 and 8. 1040 ez instructions 12       13 Subtract line 12 from line 11. 1040 ez instructions 13       14 Divide line 5 by line 10. 1040 ez instructions Enter the result as a decimal. 1040 ez instructions 14       15 Tax to be forgiven. 1040 ez instructions Multiply line 13 by line 14 and enter the result. 1040 ez instructions 15       Note. 1040 ez instructions If the total of columns (A), (B), and (C) of line 15 (including any amounts shown on line 5 of Worksheet A) is less than $10,000, also complete Worksheet C. 1040 ez instructions Attach the computation of the tax to be forgiven or a copy of this worksheet to the decedent's final income tax return or amended tax return (Form 1040X) for each year listed on line 1. 1040 ez instructions If filing Form 1040X for an eligible year, enter the amount from line 15 above on Form 1040X in column B of line 10 as a decrease in tax. 1040 ez instructions The IRS will determine the amount to be refunded. 1040 ez instructions Instructions for Worksheet B Table 1. 1040 ez instructions Total Tax Line on Decedent's Return Note: Use this table to find the total tax line on the decedent's income tax return. 1040 ez instructions * Form 1994 1995 1996 2000 2001 1040 Line 53 Line 54 Line 51 Line 57 Line 58 1040A Line 27 Line 28 Line 28 Line 35 File Form 1040 1040EZ Line 9 Line 10 Line 10 Line 10 TeleFile Tax Record ** Line E Line J Line K 1040NR Line 51 Line 52 Line 49 Line 54 Line 54 1040NR–EZ N/A Line 17 Line 17 Line 18 File Form 1040NR * Line numbers for the 2002 forms were not available when this publication went to print. 1040 ez instructions ** File Form 4506 to get a transcript of the decedent's account. 1040 ez instructions Table 1. 1040 ez instructions Total Tax Line on Decedent's Return Note: Use this table to find the total tax line on the decedent's income tax return. 1040 ez instructions * Form 1994 1995 1996 2000 2001 1040 Line 53 Line 54 Line 51 Line 57 Line 58 1040A Line 27 Line 28 Line 28 Line 35 File Form 1040 1040EZ Line 9 Line 10 Line 10 Line 10 TeleFile Tax Record ** Line E Line J Line K 1040NR Line 51 Line 52 Line 49 Line 54 Line 54 1040NR–EZ N/A Line 17 Line 17 Line 18 File Form 1040NR * Line numbers for the 2002 forms were not available when this publication went to print. 1040 ez instructions ** File Form 4506 to get a transcript of the decedent's account. 1040 ez instructions Lines 2 and 6. 1040 ez instructions   Allocate income and deductions in the same manner they would have been allocated if the spouses had filed separate returns. 1040 ez instructions   Allocate wages and salaries to the spouse who performed the services and received the Form W-2. 1040 ez instructions Business and investment income (including capital gains) are generally allocated to the spouse who owned the business or investment that produced the income. 1040 ez instructions Income from a jointly owned business or investment should be allocated equally between the spouses unless there is evidence that shows a different allocation is appropriate. 1040 ez instructions   Allocate business deductions to the owner of the business. 1040 ez instructions Allocate personal deductions (such as itemized deductions for mortgage interest and taxes) equally between the spouses unless there is evidence that shows a different allocation is appropriate. 1040 ez instructions Lines 3 and 7. 1040 ez instructions   Figure the total tax as if a separate return had been filed. 1040 ez instructions The total tax is the tax that would have been entered on the tax return line shown in Table 1 if a separate return had been filed. 1040 ez instructions When figuring the tax using the Tax Table or Tax Rate Schedule, use the “Married filing separately” column in the Tax Table or Tax Rate Schedule Y-2. 1040 ez instructions   When figuring the total tax, allocate credits and other taxes, if any, in the same manner as they would have been allocated if the spouses had filed separate returns. 1040 ez instructions If a credit would not have been allowed on a separate return, allocate the credit shown on the joint return between the spouses. 1040 ez instructions Examples of credits generally not allowed on a separate return are the child and dependent care credit, credit for the elderly, adoption credit, education credits, and earned income credit. 1040 ez instructions Line 4. 1040 ez instructions   Enter the total, if any, of the following taxes. 1040 ez instructions Self-employment tax. 1040 ez instructions Social security and Medicare tax on tip income not reported to employer. 1040 ez instructions Tax on excess contributions to IRAs, Coverdell education savings accounts (formerly Ed IRAs), or Archer MSAs (formerly medical savings accounts). 1040 ez instructions Tax on excess accumulation in qualified retirement plans. 1040 ez instructions Household employment taxes. 1040 ez instructions Uncollected social security and Medicare or RRTA tax on tips or group-term life insurance. 1040 ez instructions Tax on golden parachute payments. 1040 ez instructions Minimum Amount of Relief The minimum amount of relief is $10,000. 1040 ez instructions If the decedent's total forgiven tax liability for all eligible years is less than $10,000, the difference between $10,000 and the total forgiven tax liability for those years will be treated as a tax payment for the decedent's last tax year. 1040 ez instructions The IRS will refund the difference as explained under Refund of Taxes Paid. 1040 ez instructions Use Worksheet C to figure the additional tax payment. 1040 ez instructions But first complete Worksheet A or B, unless the decedent was not required to file tax returns for the eligible tax years. 1040 ez instructions Example 1. 1040 ez instructions An individual who died in the September 11 attacks had an income tax liability of $-0- for 2000 and $6,400 for 2001. 1040 ez instructions The $6,400 is eligible for forgiveness. 1040 ez instructions The IRS will forgive $6,400 and treat the difference between $10,000 and $6,400 ($3,600) as a tax payment for 2001. 1040 ez instructions Example 2. 1040 ez instructions A child who died in the September 11 attacks had no (-0-) income tax liability for 2000 or 2001. 1040 ez instructions The IRS will treat $10,000 as a tax payment for 2001. 1040 ez instructions Income received after date of death. 1040 ez instructions   Generally, income of the decedent received after the date of death must be reported on Form 1041 if the estate has gross income for the tax year of $600 or more. 1040 ez instructions Examples are the final paycheck or dividends on stock owned by the decedent. 1040 ez instructions However, this income is exempt from income tax and is not included on Form 1041 if it is received: After the date of the decedent's death, and Before the end of the decedent's tax year (determined without regard to death). 1040 ez instructions Nonqualifying income. 1040 ez instructions   The following income is not exempt from tax. 1040 ez instructions The tax on it is not eligible for forgiveness. 1040 ez instructions Deferred compensation that would have been payable if the death had occurred because of an event other than these attacks. 1040 ez instructions Amounts that would not have been payable but for an action taken after September 11, 2001. 1040 ez instructions The following are examples of nonqualifying income. 1040 ez instructions Amounts payable from a qualified retirement plan or IRA to the beneficiary or estate of the decedent. 1040 ez instructions Amounts payable only as death or survivor's benefits from pre-existing arrangements that would have been paid if the death had occurred for another reason. 1040 ez instructions Income received as a result of adjustments made by the decedent's employer to a plan or arrangement to accelerate the vesting of restricted property or the payment of nonqualified deferred compensation after the date of the attack. 1040 ez instructions Interest on savings bonds cashed by the beneficiary of the decedent. 1040 ez instructions If you are responsible for the estate of a decedent, see Publication 559. 1040 ez instructions Publication 559 discusses how to complete and file federal income tax returns and explains your responsibility to pay any taxes due. 1040 ez instructions Instructions for lines 2–9 of Worksheet C. 1040 ez instructions   The tax that would have been payable on the exempt income (discussed earlier) must be considered when determining whether a decedent is entitled to the $10,000 minimum relief. 1040 ez instructions To figure the tax that would have been payable, you can use lines 2 through 9 of Worksheet C. 1040 ez instructions Or, if special requirements are met, you can use the alternative computation instead. 1040 ez instructions See Alternative computation, later. 1040 ez instructions   You have to use lines 2–9 (or the alternative computation) to figure the tax that would have been payable even if Form 1041 was not required to be filed. 1040 ez instructions Use Form 1041 to figure what the taxable income would be without including the exempt income. 1040 ez instructions Then enter that taxable income (even if a negative number) on line 2 of Worksheet C (or line 1 of Worksheet D, Alternative Computation of Tax on Exempt Income (Line 9 of Worksheet C)). 1040 ez instructions Alternative computation. 1040 ez instructions   Instead of using lines 2–8 of Worksheet C to figure the tax on exempt income (line 9 of Worksheet C), you may be able to use Worksheet D. 1040 ez instructions You can use Worksheet D to figure the tax on the exempt income payable by the estate and its beneficiaries only if both of the following requirements are met. 1040 ez instructions The estate claimed an income distribution deduction on line 18 (Form 1041). 1040 ez instructions Each beneficiary submits the information necessary to refigure the income tax payable on the exempt income received from the decedent's estate. 1040 ez instructions If requirement (2) is met but requirement (1) is not, you can still use Worksheet D if: Form 1041 was not required because exempt income was received, and The estate would have claimed an income distribution deduction if the exempt income were taxable. 1040 ez instructions If you use this alternative computation, skip lines 2–8 of Worksheet C and enter the amount from line 8 of Worksheet D on line 9 of Worksheet C. 1040 ez instructions Complete the rest of Worksheet C to determine the additional payment allowed. 1040 ez instructions Worksheet C. 1040 ez instructions Amount Treated as Tax Payment for Decedent's Last Tax Year Caution: The decedent is entitled to minimum relief of $10,000. 1040 ez instructions Complete this worksheet only if the total tax forgiven for all eligible years is less than $10,000. 1040 ez instructions 1 Minimum relief amount. 1040 ez instructions Note: Before completing lines 2–9, see Instructions for lines 2–9 of Worksheet C. 1040 ez instructions 1 $10,000 2 Enter the taxable income from line 22 (Form 1041) 2       3 Enter the distribution deduction from line 18 (Form 1041) . 1040 ez instructions 3       4 Add lines 2 and 3. 1040 ez instructions 4       5 Enter exempt income received after death minus expenses allocable to exempt income. 1040 ez instructions (See Income received after date of death on page 5. 1040 ez instructions ) 5       6 Add lines 4 and 5. 1040 ez instructions 6       7 Figure the tax on line 6 using Schedule G (Form 1041). 1040 ez instructions 7       8 Figure the tax on line 4 using Schedule G (Form 1041). 1040 ez instructions 8       9 Tax on exempt income. 1040 ez instructions Subtract line 8 from line 7. 1040 ez instructions 9       10 Enter the total of columns (A)–(C) from line 5 of Worksheet A or line 15 of Worksheet B. 1040 ez instructions If the decedent was not required to file tax returns for the eligible tax years, enter -0-. 1040 ez instructions 10       11 Add lines 9 and 10. 1040 ez instructions 11   12 Additional payment allowed. 1040 ez instructions If line 11 is $10,000 or more, enter -0- and stop here. 1040 ez instructions No additional amount is allowed as a tax payment. 1040 ez instructions Otherwise, subtract line 11 from line 1 and enter the result. 1040 ez instructions 12   Note. 1040 ez instructions The amount on line 12 is allowed as a tax payment for the decedent's last tax year (usually 1995 or 2001). 1040 ez instructions Attach the computation of the additional payment allowed or a copy of this worksheet to the original or amended income tax return for the decedent's last tax year. 1040 ez instructions If filing Form 1040, include the amount from line 12 above on the “Other payments” line of the form. 1040 ez instructions Write "Sec. 1040 ez instructions 692(d)(2) Payment" and the amount to the right of the entry space. 1040 ez instructions Also indicate whether a Form 1041 is being filed for the decedent's estate. 1040 ez instructions If filing Form 1040X, include the amount from line 12 above on Form 1040X on line 15, columns (B) and (C). 1040 ez instructions Write “Sec. 1040 ez instructions 692(d)(2) Payment” on the dotted line to the left of the entry space. 1040 ez instructions Worksheet C. 1040 ez instructions Amount Treated as Tax Payment for Decedent's Last Tax Year Caution: The decedent is entitled to minimum relief of $10,000. 1040 ez instructions Complete this worksheet only if the total tax forgiven for all eligible years is less than $10,000. 1040 ez instructions 1 Minimum relief amount. 1040 ez instructions Note: Before completing lines 2–9, see Instructions for lines 2–9 of Worksheet C. 1040 ez instructions 1 $10,000 2 Enter the taxable income from line 22 (Form 1041) 2       3 Enter the distribution deduction from line 18 (Form 1041) . 1040 ez instructions 3       4 Add lines 2 and 3. 1040 ez instructions 4       5 Enter exempt income received after death minus expenses allocable to exempt income. 1040 ez instructions (See Income received after date of death on page 5. 1040 ez instructions ) 5       6 Add lines 4 and 5. 1040 ez instructions 6       7 Figure the tax on line 6 using Schedule G (Form 1041). 1040 ez instructions 7       8 Figure the tax on line 4 using Schedule G (Form 1041). 1040 ez instructions 8       9 Tax on exempt income. 1040 ez instructions Subtract line 8 from line 7. 1040 ez instructions 9       10 Enter the total of columns (A)–(C) from line 5 of Worksheet A or line 15 of Worksheet B. 1040 ez instructions If the decedent was not required to file tax returns for the eligible tax years, enter -0-. 1040 ez instructions 10       11 Add lines 9 and 10. 1040 ez instructions 11   12 Additional payment allowed. 1040 ez instructions If line 11 is $10,000 or more, enter -0- and stop here. 1040 ez instructions No additional amount is allowed as a tax payment. 1040 ez instructions Otherwise, subtract line 11 from line 1 and enter the result. 1040 ez instructions 12   Note. 1040 ez instructions The amount on line 12 is allowed as a tax payment for the decedent's last tax year (usually 1995 or 2001). 1040 ez instructions Attach the computation of the additional payment allowed or a copy of this worksheet to the original or amended income tax return for the decedent's last tax year. 1040 ez instructions If filing Form 1040, include the amount from line 12 above on the “Other payments” line of the form. 1040 ez instructions Write "Sec. 1040 ez instructions 692(d)(2) Payment" and the amount to the right of the entry space. 1040 ez instructions Also indicate whether a Form 1041 is being filed for the decedent's estate. 1040 ez instructions If filing Form 1040X, include the amount from line 12 above on Form 1040X on line 15, columns (B) and (C). 1040 ez instructions Write “Sec. 1040 ez instructions 692(d)(2) Payment” on the dotted line to the left of the entry space. 1040 ez instructions Worksheet D. 1040 ez instructions Alternative Computation of Tax on Exempt Income (Line 9 of Worksheet C) 1 Enter the taxable income from line 22 (Form 1041) 1   2 Enter exempt income received after death minus expenses allocable to exempt income. 1040 ez instructions (See Income received after date of death on page 5. 1040 ez instructions ) 2   3 Add lines 1 and 2 3   4 Figure the tax on line 3 using Schedule G (Form 1041). 1040 ez instructions 4   5 Figure the tax on line 1 using Schedule G (Form 1041). 1040 ez instructions 5   6 Estate's tax on exempt income. 1040 ez instructions Subtract line 5 from line 4 6   7 Beneficiaries' tax on exempt income. 1040 ez instructions Figure the total tax that would have been payable by all beneficiaries. 1040 ez instructions Do this by including in each beneficiary's gross income the exempt income received from the decedent's estate and refiguring the income tax. 1040 ez instructions Add the amounts by which each beneficiary's income tax is increased. 1040 ez instructions 7   8 Add lines 6 and 7. 1040 ez instructions Enter this amount on line 9 of Worksheet C. 1040 ez instructions 8   Worksheet D. 1040 ez instructions Alternative Computation of Tax on Exempt Income (Line 9 of Worksheet C) 1 Enter the taxable income from line 22 (Form 1041) 1   2 Enter exempt income received after death minus expenses allocable to exempt income. 1040 ez instructions (See Income received after date of death on page 5. 1040 ez instructions ) 2   3 Add lines 1 and 2 3   4 Figure the tax on line 3 using Schedule G (Form 1041). 1040 ez instructions 4   5 Figure the tax on line 1 using Schedule G (Form 1041). 1040 ez instructions 5   6 Estate's tax on exempt income. 1040 ez instructions Subtract line 5 from line 4 6   7 Beneficiaries' tax on exempt income. 1040 ez instructions Figure the total tax that would have been payable by all beneficiaries. 1040 ez instructions Do this by including in each beneficiary's gross income the exempt income received from the decedent's estate and refiguring the income tax. 1040 ez instructions Add the amounts by which each beneficiary's income tax is increased. 1040 ez instructions 7   8 Add lines 6 and 7. 1040 ez instructions Enter this amount on line 9 of Worksheet C. 1040 ez instructions 8   Refund of Taxes Paid The IRS will refund the following forgiven income tax liabilities. 1040 ez instructions Income tax liabilities that have been paid. 1040 ez instructions Income tax liabilities treated as paid because the total tax liability for all years eligible for tax forgiveness is less than $10,000. 1040 ez instructions See Minimum Amount of Relief, earlier. 1040 ez instructions Example 1. 1040 ez instructions A man who died in the September 11 attacks had an income tax liability of $7,500 for 2000 and $6,500 for 2001. 1040 ez instructions The total, $14,000, is eligible for tax forgiveness. 1040 ez instructions However, he paid only $13,000 of that amount. 1040 ez instructions The IRS will refund the $13,000 paid. 1040 ez instructions Example 2. 1040 ez instructions A child who died in the September 11 attacks had no income tax liability for 2000 or 2001. 1040 ez instructions The child qualifies for the minimum relief of $10,000. 1040 ez instructions The $10,000 is treated as a tax payment for 2001 and will be refunded. 1040 ez instructions Period for filing a claim for credit or refund. 1040 ez instructions   To obtain a tax refund on a previously filed income tax return, file an amended return (Form 1040X or an amended Form 1041) within 3 years from the time the return was filed or 2 years from the time the tax was paid, whichever is later. 1040 ez instructions For example, you have until April 15, 2004, to file an amended return on a 2000 Form 1040, 1040A, or 1040EZ that was filed by April 16, 2001, and for which the tax was paid when due. 1040 ez instructions To obtain a refund on a return that has not been filed, file the return within 3 years of the original due date of the return. 1040 ez instructions Extension of time for victims of Oklahoma City attack. 1040 ez instructions   The period described above has been extended for victims of the Oklahoma City attack. 1040 ez instructions Survivors and personal representatives of these victims have until January 22, 2003, to file an original or amended return. 1040 ez instructions How To Claim Tax Forgiveness Use the following procedures to claim income tax forgiveness. 1040 ez instructions Which Form To Use The form you use depends on whether an income tax return for the eligible year was already filed for the decedent. 1040 ez instructions Return required but not yet filed. 1040 ez instructions   File Form 1040 if the decedent was a U. 1040 ez instructions S. 1040 ez instructions citizen or resident. 1040 ez instructions File Form 1040NR if the decedent was a nonresident alien. 1040 ez instructions A nonresident alien is someone who is not a U. 1040 ez instructions S. 1040 ez instructions citizen or resident. 1040 ez instructions Return required and already filed. 1040 ez instructions   File a separate Form 1040X for each year you are claiming tax relief. 1040 ez instructions Return not required and not filed. 1040 ez instructions   File Form 1040 only for the year of death if the decedent was a U. 1040 ez instructions S. 1040 ez instructions citizen or resident. 1040 ez instructions File Form 1040NR if the decedent was a nonresident alien. 1040 ez instructions Return not required but already filed. 1040 ez instructions   File Form 1040X only for the year of death. 1040 ez instructions How to complete the returns. 1040 ez instructions   Fill out Form 1040 or 1040NR according to its instructions but do not reduce the decedent's tax liability by any taxes that will be forgiven. 1040 ez instructions Attach to each return a computation of the income tax to be forgiven or a copy of Worksheet A or B. 1040 ez instructions If filing Form 1040 or Form 1040NR, also attach any Forms W–2. 1040 ez instructions If the total forgiven tax liability for all eligible years is less than $10,000, attach to the decedent's final return a computation of the additional tax payment allowed or a copy of Worksheet C. 1040 ez instructions Also, please write one of the following across the top of page 1 of each return. 1040 ez instructions KITA—Oklahoma City KITA—9/11 KITA—Anthrax “KITA” means “killed in terrorist attack. 1040 ez instructions ” Need a copy of a previously filed return?   You will find it easier to prepare Form 1040X if you have a copy of the decedent's previously filed tax return. 1040 ez instructions If you need a copy, use Form 4506. 1040 ez instructions The IRS will provide a free copy of the tax return if you write “DISASTER” in the top margin of Form 4506. 1040 ez instructions Attach Letters Testamentary or other evidence to establish that you are authorized to act for the decedent's estate. 1040 ez instructions Send Form 4506 to the address shown in the form instructions. 1040 ez instructions Taxpayer identification number. 1040 ez instructions   A taxpayer identification number must be furnished on the decedent's returns. 1040 ez instructions This is usually the decedent's social security number (SSN). 1040 ez instructions However, a nonresident alien who is not eligible to get an SSN should have an individual taxpayer identification number (ITIN). 1040 ez instructions If the decedent was a nonresident alien, had neither an SSN nor an ITIN, and was not required to file a U. 1040 ez instructions S. 1040 ez instructions income tax return for any tax year, do not apply for an ITIN. 1040 ez instructions You may claim a refund by filing Form 1040NR without an SSN or ITIN. 1040 ez instructions Necessary Documents Please attach the following documents to the return or amended return. 1040 ez instructions Proof of death. 1040 ez instructions   Attach a copy of the death certificate. 1040 ez instructions If the Department of Defense issued DD Form 1300, Report of Casualty, you can attach that form instead of the death certificate. 1040 ez instructions Form 1310. 1040 ez instructions   You must send Form 1310 with all returns and claims for refund, unless either of the following applies. 1040 ez instructions You are a surviving spouse filing an original or amended joint return with the decedent. 1040 ez instructions You are a personal representative filing an original Form 1040 or Form 1040NR for the decedent and a court certificate showing your appointment is attached to the return. 1040 ez instructions A personal representative is an executor or administrator of a decedent's estate, as certified or appointed by the court. 1040 ez instructions A copy of the decedent's will cannot be accepted as evidence that you are the personal representative. 1040 ez instructions      If you have proof of death but do not have enough tax information to file a timely claim for a refund, file Form 1040X with Form 1310. 1040 ez instructions Include a statement saying an amended return will be filed as soon as the necessary tax information is available. 1040 ez instructions Where To File The IRS has set up a special office for processing returns and claims for tax forgiveness. 1040 ez instructions Use one of the addresses shown below. 1040 ez instructions Where you file the returns or claims depends on whether you use the U. 1040 ez instructions S. 1040 ez instructions Postal Service or a private delivery service. 1040 ez instructions Please do not send these returns or claims to any of the addresses shown in the tax form instructions. 1040 ez instructions U. 1040 ez instructions S. 1040 ez instructions Postal Service. 1040 ez instructions   If you use the U. 1040 ez instructions S. 1040 ez instructions Postal Service, file these returns and claims at the following address. 1040 ez instructions Internal Revenue Service P. 1040 ez instructions O. 1040 ez instructions Box 4053 Woburn, MA 01888 Private delivery service. 1040 ez instructions   Private delivery services cannot deliver items to P. 1040 ez instructions O. 1040 ez instructions boxes. 1040 ez instructions If you use a private delivery service, file these returns and claims at the following address. 1040 ez instructions Internal Revenue Service Stop 661 310 Lowell St. 1040 ez instructions Andover, MA 01810 Designated private delivery services. 1040 ez instructions   You can use the following private delivery services to file these returns and claims. 1040 ez instructions Airborne Express (Airborne): Overnight Air Express Service, Next Afternoon Service, and Second Day Service. 1040 ez instructions DHL Worldwide Express (DHL): DHL “Same Day” Service, and DHL USA Overnight. 1040 ez instructions Federal Express (FedEx): FedEx Priority Overnight, FedEx Standard Overnight, and FedEx 2Day. 1040 ez instructions United Parcel Service (UPS): UPS Next Day Air, UPS Next Day Air Saver, UPS 2nd Day Air, UPS 2nd Day Air A. 1040 ez instructions M. 1040 ez instructions , UPS Worldwide Express Plus, and UPS Worldwide Express. 1040 ez instructions The private delivery service can tell you how to get written proof of the mailing date. 1040 ez instructions Payments to Survivors The following section discusses the tax treatment of certain amounts received by survivors. 1040 ez instructions September 11th Victim Compensation Fund of 2001 Payments from the September 11th Victim Compensation Fund of 2001 are not included in income. 1040 ez instructions Qualified Disaster Relief Payments Qualified disaster relief payments are not included in income. 1040 ez instructions These payments are not subject to income tax, self-employment tax, or employment taxes (social security, Medicare, and federal unemployment taxes). 1040 ez instructions No withholding applies to these payments. 1040 ez instructions Qualified disaster relief payments include payments you receive (regardless of the source) after September 10, 2001, for the following expenses. 1040 ez instructions Reasonable and necessary personal, family, living, or funeral expenses incurred as a result of a terrorist attack. 1040 ez instructions Reasonable and necessary expenses incurred for the repair or rehabilitation of a personal residence due to a terrorist attack. 1040 ez instructions (A personal residence can be a rented residence or one you own. 1040 ez instructions ) Reasonable and necessary expenses incurred for the repair or replacement of the contents of a personal residence due to a terrorist attack. 1040 ez instructions Qualified disaster relief payments also include the following. 1040 ez instructions Payments made by common carriers (for example, American Airlines and United Airlines regarding the September 11 attacks) because of death or physical injury incurred as a result of a terrorist attack. 1040 ez instructions Amounts paid by a federal, state, or local government in connection with a terrorist attack to those affected by the attack. 1040 ez instructions Qualified disaster relief payments do not include: Insurance or other reimbursements for expenses, or Income replacement payments, such as payments of lost wages, lost business income, or unemployment compensation. 1040 ez instructions Disability Payments For tax years ending after September 10, 2001, disability payments for injuries incurred as a direct result of a terrorist attack directed against the United States (or its allies), whether outside or within the United States, are not included in income. 1040 ez instructions Death Benefits Payments received by an individual or the estate of a decedent from the employer of an employee who died as a result of the Oklahoma City or September 11 terrorist attacks, or as a result of the anthrax attacks, are not included in income. 1040 ez instructions Only the amount that exceeds the benefits that would have been payable if the death had occurred for a reason other than a terrorist or anthrax attack is excludable. 1040 ez instructions However, the exclusion does apply to incidental death benefits paid under a qualified retirement plan even if these amounts would have been payable if the death had occurred for a reason other than a terrorist or anthrax attack. 1040 ez instructions If you included death benefits in income on a previously filed return and they are now excludable under the above rule, file Form 1040X to amend that return. 1040 ez instructions For information on the period for filing Form 1040X, see Period for filing claim for credit or refund earlier under Refund of Taxes Paid. 1040 ez instructions If that period has expired, you are granted an extension. 1040 ez instructions You have until January 22, 2003, to file Form 1040X to exclude the death benefits. 1040 ez instructions On top of page 1 of Form 1040X, write “Extension of Limitations Under PL 107–134, sec. 1040 ez instructions 102(b)(2). 1040 ez instructions ” Canceled Debt Canceled debt is not included in your income (or the income of the estate) if: You (or the estate) were liable, or became liable, for the debt of a decedent, and The debt was canceled after September 10, 2001, and before January 1, 2002, because the decedent died as a result of the September 11 attacks or anthrax attacks. 1040 ez instructions The lender is not required to report the canceled debt on Form 1099–C, Cancellation of Debt. 1040 ez instructions Payments to Survivors of Public Safety Officers If you are a survivor of a public safety officer who died in the line of duty, certain amounts you receive are not included in income. 1040 ez instructions Bureau of Justice Assistance payments. 1040 ez instructions   If you are a surviving dependent of a public safety officer (law enforcement officer or firefighter) who died in the line of duty, do not include in your income the death benefit paid to you by the Bureau of Justice Assistance. 1040 ez instructions Government plan annuity. 1040 ez instructions   If you receive a survivor annuity as the child or spouse (or former spouse) of a public safety officer who was killed in the line of duty, you generally do not have to include it in income. 1040 ez instructions This exclusion applies to the amount of the annuity based on the officer's service as a public safety officer. 1040 ez instructions For this purpose, the term public safety officer includes police and law enforcement officers, firefighters, and rescue squad and ambulance crews. 1040 ez instructions More information. 1040 ez instructions   For more information, see Publication 559. 1040 ez instructions Postponed Tax Deadlines The IRS may postpone for up to 1 year certain tax deadlines of taxpayers who are affected by a terrorist attack. 1040 ez instructions The tax deadlines the IRS may postpone include those for filing income and employment tax returns, paying income and employment taxes, and making contributions to a traditional IRA or Roth IRA. 1040 ez instructions If any tax deadline is postponed, the IRS will publicize the postponement in the affected area and publish a news release, revenue ruling, revenue procedure, notice, announcement, or other guidance in the Internal Revenue Bulletin (IRB). 1040 ez instructions Affected taxpayers. 1040 ez instructions   If the IRS postpones a tax deadline, the following taxpayers are eligible for the postponement. 1040 ez instructions Any individual whose main home is located in a covered area (defined later). 1040 ez instructions Any business entity or sole proprietor whose principal place of business is located in a covered area. 1040 ez instructions Any individual, business entity, or sole proprietor whose records needed to meet a postponed deadline are maintained in a covered area. 1040 ez instructions The main home or principal place of business does not have to be located in the covered area. 1040 ez instructions Any estate or trust whose tax records necessary to meet a postponed tax deadline are maintained in a covered area. 1040 ez instructions Any individual who is a relief worker affiliated with a recognized government or philanthropic organization and who is assisting in a covered area. 1040 ez instructions The spouse on a joint return with a taxpayer who is eligible for postponements. 1040 ez instructions Any other person determined by the IRS to be affected by a terrorist attack. 1040 ez instructions Covered area. 1040 ez instructions   This is an area in which a terrorist attack took place and in which the IRS has decided to postpone tax deadlines for up to 1 year. 1040 ez instructions Abatement of interest. 1040 ez instructions   The IRS may abate (forgive) the interest on any underpaid income tax for the length of any postponement. 1040 ez instructions Disaster Area Losses If your property was damaged or destroyed as a result of the September 11 attacks, you can choose to deduct your disaster loss on your 2000 return (or amended return) rather than on your 2001 return. 1040 ez instructions You must make this choice to deduct your loss on your 2000 return by the later of the following dates. 1040 ez instructions The due date (without extensions) for filing your 2001 income tax return (April 15, 2002, if you are a calendar year taxpayer). 1040 ez instructions The due date (with extensions) for the 2000 return. 1040 ez instructions For more information about disaster area losses, see Publication 547. 1040 ez instructions Estate Tax Reduction The federal estate tax is reduced for taxable estates of individuals who died as a result of the Oklahoma City attack, the September 11 attacks, and the anthrax attacks. 1040 ez instructions The estate tax is computed using a new rate schedule on page 25 of the November 2001 revision of the instructions for Form 706. 1040 ez instructions The estate tax is reduced by credits against the estate tax, including the unified credit and the state death tax credit. 1040 ez instructions These credits may reduce or eliminate the estate tax due. 1040 ez instructions A special rule extends until January 22, 2003, the period of time allowed to file a claim for a refund of estate taxes that have been paid. 1040 ez instructions Recovery from the September 11th Victim Compensation Fund. 1040 ez instructions   The value of claims for a decedent's pain and suffering is normally included in the gross estate. 1040 ez instructions However, if the estate chooses to seek recovery from this fund, the IRS has determined that, in view of the unique circumstances of this situation and the high likelihood that such claims will be valued at a nominal or zero amount, the claims will be valued at zero for estate tax purposes. 1040 ez instructions Thus, there are no federal estate tax consequences if an estate or beneficiary receives a recovery from this fund. 1040 ez instructions Which estates must file a return. 1040 ez instructions   For decedents dying in 2001, Form 706 must be filed by the executor for the estate of every U. 1040 ez instructions S. 1040 ez instructions citizen or resident whose gross estate, plus adjusted taxable gifts and specific exemption, is more than $675,000. 1040 ez instructions Form 706 must be filed within 9 months after the date of decedent's death unless you receive an extension of time to file. 1040 ez instructions Use Form 4768, Application for Extension of Time To File a Return and/or Pay U. 1040 ez instructions S. 1040 ez instructions Estate (and Generation-Skipping Transfer) Taxes, to apply for an extension. 1040 ez instructions Where to file. 1040 ez instructions   Returns on which the new rate schedule is used should be sent to the following address, which was not available when Form 706 went to print. 1040 ez instructions Internal Revenue Service E & G Department/Stop 824T 201 W. 1040 ez instructions Rivercenter Blvd. 1040 ez instructions Covington, KY 41011 More information. 1040 ez instructions   For more information on the federal estate tax, see the instructions for Form 706. 1040 ez instructions Structured Settlement Factoring Transactions A person who acquires payment rights in a structured settlement arrangement after February 21, 2002, may be subject to a 40% excise tax unless the transfer of the payment rights was approved in advance in a qualified order. 1040 ez instructions The excise tax is figured on the excess of the undiscounted amount of the payments being acquired over the total amount actually paid to acquire them. 1040 ez instructions However, this tax will not apply to transactions entered into from February 22, 2002, to July 1, 2002, if certain requirements are met. 1040 ez instructions For information about these requirements, see Internal Revenue Code section 5891. 1040 ez instructions Worksheet B Illustrated. 1040 ez instructions Figuring the Tax To Be Forgiven (For Decedents Who Filed a Joint Return)       (A) First Eligible Year (1994 or 2000) (B) Second Eligible Year (1995 or 2001) (C) Third Eligible Year (1996 or 2002) 1 Enter the years eligible for forgiveness. 1040 ez instructions 1 2000 2001   2 Enter the decedent's taxable income. 1040 ez instructions Figure taxable income as if a separate return had been filed. 1040 ez instructions See the instructions. 1040 ez instructions 2 $17,259 $14,295   3 Enter the decedent's total tax. 1040 ez instructions See the instructions. 1040 ez instructions 3 6,123 5,250   4 Enter the total, if any, of the decedent's taxes not eligible for forgiveness. 1040 ez instructions See the instructions. 1040 ez instructions 4 3,532 3,109   5 Subtract line 4 from line 3. 1040 ez instructions 5 2,591 2,141   6 Enter the surviving spouse's taxable income. 1040 ez instructions Figure taxable income as if a separate return had been filed. 1040 ez instructions See the instructions for line 2. 1040 ez instructions 6 29,025 29,850   7 Enter the surviving spouse's total tax. 1040 ez instructions See the instructions. 1040 ez instructions 7 5,277 5,391   8 Enter the total, if any, of the surviving spouse's taxes listed in the instructions for line 4. 1040 ez instructions 8 0 0   9 Subtract line 8 from line 7. 1040 ez instructions 9 5,277 5,391   10 Add lines 5 and 9. 1040 ez instructions 10 7,868 7,532   11 Enter the total tax from the joint return. 1040 ez instructions See Table 1 on page 5 for the line number for years before 2002. 1040 ez instructions 11 10,789 9,728   12 Add lines 4 and 8. 1040 ez instructions 12 3,532 3,109   13 Subtract line 12 from line 11. 1040 ez instructions 13 7,257 6,619   14 Divide line 5 by line 10. 1040 ez instructions Enter the result as a decimal. 1040 ez instructions 14 . 1040 ez instructions 329 . 1040 ez instructions 284   15 Tax to be forgiven. 1040 ez instructions Multiply line 13 by line 14 and enter the result. 1040 ez instructions 15 $2,388 $1,880   Note. 1040 ez instructions If the total of columns (A), (B), and (C) of line 15 (including any amounts shown on line 5 of Worksheet A) is less than $10,000, also complete Worksheet C. 1040 ez instructions Attach the computation of the tax to be forgiven or a copy of this worksheet to the decedent's final income tax return or amended tax return (Form 1040X) for each year listed on line 1. 1040 ez instructions If filing Form 1040X for an eligible year, enter the amount from line 15 above on Form 1040X in column B of line 10 as a decrease in tax. 1040 ez instructions The IRS will determine the amount to be refunded. 1040 ez instructions Worksheet B Illustrated. 1040 ez instructions Figuring the Tax To Be Forgiven (For Decedents Who Filed a Joint Return)       (A) First Eligible Year (1994 or 2000) (B) Second Eligible Year (1995 or 2001) (C) Third Eligible Year (1996 or 2002) 1 Enter the years eligible for forgiveness. 1040 ez instructions 1 2000 2001   2 Enter the decedent's taxable income. 1040 ez instructions Figure taxable income as if a separate return had been filed. 1040 ez instructions See the instructions. 1040 ez instructions 2 $17,259 $14,295   3 Enter the decedent's total tax. 1040 ez instructions See the instructions. 1040 ez instructions 3 6,123 5,250   4 Enter the total, if any, of the decedent's taxes not eligible for forgiveness. 1040 ez instructions See the instructions. 1040 ez instructions 4 3,532 3,109   5 Subtract line 4 from line 3. 1040 ez instructions 5 2,591 2,141   6 Enter the surviving spouse's taxable income. 1040 ez instructions Figure taxable income as if a separate return had been filed. 1040 ez instructions See the instructions for line 2. 1040 ez instructions 6 29,025 29,850   7 Enter the surviving spouse's total tax. 1040 ez instructions See the instructions. 1040 ez instructions 7 5,277 5,391   8 Enter the total, if any, of the surviving spouse's taxes listed in the instructions for line 4. 1040 ez instructions 8 0 0   9 Subtract line 8 from line 7. 1040 ez instructions 9 5,277 5,391   10 Add lines 5 and 9. 1040 ez instructions 10 7,868 7,532   11 Enter the total tax from the joint return. 1040 ez instructions See Table 1 on page 5 for the line number for years before 2002. 1040 ez instructions 11 10,789 9,728   12 Add lines 4 and 8. 1040 ez instructions 12 3,532 3,109   13 Subtract line 12 from line 11. 1040 ez instructions 13 7,257 6,619   14 Divide line 5 by line 10. 1040 ez instructions Enter the result as a decimal. 1040 ez instructions 14 . 1040 ez instructions 329 . 1040 ez instructions 284   15 Tax to be forgiven. 1040 ez instructions Multiply line 13 by line 14 and enter the result. 1040 ez instructions 15 $2,388 $1,880   Note. 1040 ez instructions If the total of columns (A), (B), and (C) of line 15 (including any amounts shown on line 5 of Worksheet A) is less than $10,000, also complete Worksheet C. 1040 ez instructions Attach the computation of the tax to be forgiven or a copy of this worksheet to the decedent's final income tax return or amended tax return (Form 1040X) for each year listed on line 1. 1040 ez instructions If filing Form 1040X for an eligible year, enter the amount from line 15 above on Form 1040X in column B of line 10 as a decrease in tax. 1040 ez instructions The IRS will determine the amount to be refunded. 1040 ez instructions Illustrated Worksheets B and C A wife lost her husband in the September 11 attack on the World Trade Center. 1040 ez instructions They filed a joint return for 2000 and the wife chose to file a joint return as a surviving spouse for 2001. 1040 ez instructions The returns for 2000 and 2001 showed the following income, deductions, and tax liabilities. 1040 ez instructions After the husband died, his estate received income of $4,000. 1040 ez instructions Of that amount, $1,000 is net profit from Schedule C received before the end of 2001. 1040 ez instructions This net profit is exempt from income tax as explained earlier under Income received after date of death. 1040 ez instructions The wife files Form 1041 because the gross income of the estate for the tax year ($3,000) is $600 or more. 1040 ez instructions To determine how much of the husband's tax liability for 2000 and 2001 is to be forgiven, the wife completes Worksheet B. 1040 ez instructions She also completes Worksheet C because the forgiven tax liabilities for 2000 and 2001 (line 15 of Worksheet B) total less than $10,000. 1040 ez instructions To claim tax relief for 2000, the wife files Form 1040X and attaches a copy of Worksheet B. 1040 ez instructions To claim tax relief for 2001, she files Form 1040 and attaches copies of Worksheets B and C. 1040 ez instructions   2000 2001 Wages (wife) $35,000 $36,000 Net profit from Schedule C, Profit or Loss From Business (husband) 25,000 22,000 Interest income (joint account) 1,000 1,100 Deduction for ½ of self-employment tax (husband) (1,766) (1,555) Standard deduction (7,350) (7,600) Personal exemptions (2) (5,600) (5,800) Taxable income $46,284 $44,145 Joint income tax liability $7,257 $6,619 Plus: Self-employment tax (husband) 3,532 3,109 Total tax liability $10,789 $9,728   2000 2001 Wages (wife) $35,000 $36,000 Net profit from Schedule C, Profit or Loss From Business (husband) 25,000 22,000 Interest income (joint account) 1,000 1,100 Deduction for ½ of self-employment tax (husband) (1,766) (1,555) Standard deduction (7,350) (7,600) Personal exemptions (2) (5,600) (5,800) Taxable income $46,284 $44,145 Joint income tax liability $7,257 $6,619 Plus: Self-employment tax (husband) 3,532 3,109 Total tax liability $10,789 $9,728 Worksheet C Illustrated. 1040 ez instructions Amount Treated as Tax Payment for Decedent's Last Tax Year Caution: The decedent is entitled to minimum relief of $10,000. 1040 ez instructions Complete this worksheet only if the total tax forgiven for all eligible years is less than $10,000. 1040 ez instructions 1 Minimum relief amount. 1040 ez instructions Note: Before completing lines 2–9, see Instructions for lines 2–9 of Worksheet C. 1040 ez instructions 1 $10,000 2 Enter the taxable income from line 22 (Form 1041) 2 2,400     3 Enter the distribution deduction from line 18 (Form 1041) . 1040 ez instructions 3 0     4 Add lines 2 and 3. 1040 ez instructions 4 2,400     5 Enter exempt income received after death minus expenses allocable to exempt income. 1040 ez instructions (See Income received after date of death on page 5. 1040 ez instructions ) 5 1,000     6 Add lines 4 and 5. 1040 ez instructions 6 3,400     7 Figure the tax on line 6 using Schedule G (Form 1041). 1040 ez instructions 7 710     8 Figure the tax on line 4 using Schedule G (Form 1041). 1040 ez instructions 8 435     9 Tax on exempt income. 1040 ez instructions Subtract line 8 from line 7. 1040 ez instructions 9 275     10 Enter the total of columns (A)–(C) from line 5 of Worksheet A or line 15 of Worksheet B. 1040 ez instructions If the decedent was not required to file tax returns for the eligible tax years, enter -0-. 1040 ez instructions 10 4,268     11 Add lines 9 and 10. 1040 ez instructions 11 $4,543 12 Additional payment allowed. 1040 ez instructions If line 11 is $10,000 or more, enter -0- and stop here. 1040 ez instructions No additional amount is allowed as a tax payment. 1040 ez instructions Otherwise, subtract line 11 from line 1 and enter the result. 1040 ez instructions 12 $5,457 Note. 1040 ez instructions The amount on line 12 is allowed as a tax payment for the decedent's last tax year (usually 1995 or 2001). 1040 ez instructions Attach the computation of the additional payment allowed or a copy of this worksheet to the original or amended income tax return for the decedent's last tax year. 1040 ez instructions If filing Form 1040, include the amount from line 12 above on the “Other payments” line of the form. 1040 ez instructions Write "Sec. 1040 ez instructions 692(d)(2) Payment" and the amount to the right of the entry space. 1040 ez instructions Also indicate whether a Form 1041 is being filed for the decedent's estate. 1040 ez instructions If filing Form 1040X, include the amount from line 12 above on Form 1040X on line 15, columns (B) and (C). 1040 ez instructions Write “Sec. 1040 ez instructions 692(d)(2) Payment” on the dotted line to the left of the entry space. 1040 ez instructions Worksheet C Illustrated. 1040 ez instructions Amount Treated as Tax Payment for Decedent's Last Tax Year Caution: The decedent is entitled to minimum relief of $10,000. 1040 ez instructions Complete this worksheet only if the total tax forgiven for all eligible years is less than $10,000. 1040 ez instructions 1 Minimum relief amount. 1040 ez instructions Note: Before completing lines 2–9, see Instructions for lines 2–9 of Worksheet C. 1040 ez instructions 1 $10,000 2 Enter the taxable income from line 22 (Form 1041) 2 2,400     3 Enter the distribution deduction from line 18 (Form 1041) . 1040 ez instructions 3 0     4 Add lines 2 and 3. 1040 ez instructions 4 2,400     5 Enter exempt income received after death minus expenses allocable to exempt income. 1040 ez instructions (See Income received after date of death on page 5. 1040 ez instructions ) 5 1,000     6 Add lines 4 and 5. 1040 ez instructions 6 3,400     7 Figure the tax on line 6 using Schedule G (Form 1041). 1040 ez instructions 7 710     8 Figure the tax on line 4 using Schedule G (Form 1041). 1040 ez instructions 8 435     9 Tax on exempt income. 1040 ez instructions Subtract line 8 from line 7. 1040 ez instructions 9 275     10 Enter the total of columns (A)–(C) from line 5 of Worksheet A or line 15 of Worksheet B. 1040 ez instructions If the decedent was not required to file tax returns for the eligible tax years, enter -0-. 1040 ez instructions 10 4,268     11 Add lines 9 and 10. 1040 ez instructions 11 $4,543 12 Additional payment allowed. 1040 ez instructions If line 11 is $10,000 or more, enter -0- and stop here. 1040 ez instructions No additional amount is allowed as a tax payment. 1040 ez instructions Otherwise, subtract line 11 from line 1 and enter the result. 1040 ez instructions 12 $5,457 Note. 1040 ez instructions The amount on line 12 is allowed as a tax payment for the decedent's last tax year (usually 1995 or 2001). 1040 ez instructions Attach the computation of the additional payment allowed or a copy of this worksheet to the original or amended income tax return for the decedent's last tax year. 1040 ez instructions If filing Form 1040, include the amount from line 12 above on the “Other payments” line of the form. 1040 ez instructions Write "Sec. 1040 ez instructions 692(d)(2) Payment" and the amount to the right of the entry space. 1040 ez instructions Also indicate whether a Form 1041 is being filed for the decedent's estate. 1040 ez instructions If filing Form 1040X, include the amount from line 12 above on Form 1040X on line 15, columns (B) and (C). 1040 ez instructions Write “Sec. 1040 ez instructions 692(d)(2) Payment” on the dotted line to the left of the entry space. 1040 ez instructions Additional Worksheets The following additional worksheets are provided for your convenience. 1040 ez instructions Worksheet A. 1040 ez instructions Figuring the Tax To Be Forgiven (For Decedents Who Filed a Return as Single, Married Filing Separately, Head of Household, or Qualifying Widow(er))         (A) First Eligible Year (1994 or 2000) (B) Second Eligible Year (1995 or 2001) (C) Third Eligible Year (1996 or 2002) 1 Enter the years eligible for tax forgiveness. 1040 ez instructions 1       2 Enter the total tax from the decedent's income tax return. 1040 ez instructions See Table 1 on page 5 for the line number for years before 2002. 1040 ez instructions 2       3 Enter the following taxes, if any, shown on the decedent's income tax return. 1040 ez instructions (These taxes are not eligible for forgiveness. 1040 ez instructions )           a Self-employment tax. 1040 ez instructions 3a         b Social security and Medicare tax on tip income not reported to employer. 1040 ez instructions 3b         c Tax on excess contributions to IRAs, Coverdell education savings accounts (formerly Ed IRAs), or Archer MSAs (formerly medical savings accounts). 1040 ez instructions 3c         d Tax on excess accumulation in qualified retirement plans. 1040 ez instructions 3d         e Household employment taxes. 1040 ez instructions 3e         f Uncollected social security and Medicare or RRTA tax on tips or group-term life insurance. 1040 ez instructions 3f         g Tax on golden parachute payments. 1040 ez instructions 3g       4 Add lines 3a through 3g. 1040 ez instructions 4       5 Tax to be forgiven. 1040 ez instructions Subtract line 4 from line 2. 1040 ez instructions 5       Note. 1040 ez instructions If the total of columns (A), (B), and (C) of line 5 (including any amounts shown on line 15 of Worksheet B) is less than $10,000, also complete Worksheet C. 1040 ez instructions Attach the computation of the tax to be forgiven or a copy of this worksheet to the decedent's final income tax return or amended tax return (Form 1040X) for each year listed on line 1. 1040 ez instructions If filing Form 1040X for an eligible year, enter the amount from line 5 above on Form 1040X in column B of line 10 as a decrease in tax. 1040 ez instructions The IRS will determine the amount to be refunded. 1040 ez instructions Worksheet A. 1040 ez instructions Figuring the Tax To Be Forgiven (For Decedents Who Filed a Return as Single, Married Filing Separately, Head of Household, or Qualifying Widow(er))         (A) First Eligible Year (1994 or 2000) (B) Second Eligible Year (1995 or 2001) (C) Third Eligible Year (1996 or 2002) 1 Enter the years eligible for tax forgiveness. 1040 ez instructions 1       2 Enter the total tax from the decedent's income tax return. 1040 ez instructions See Table 1 on page 5 for the line number for years before 2002. 1040 ez instructions 2       3 Enter the following taxes, if any, shown on the decedent's income tax return. 1040 ez instructions (These taxes are not eligible for forgiveness. 1040 ez instructions )           a Self-employment tax. 1040 ez instructions 3a         b Social security and Medicare tax on tip income not reported to employer. 1040 ez instructions 3b         c Tax on excess contributions to IRAs, Coverdell education savings accounts (formerly Ed IRAs), or Archer MSAs (formerly medical savings accounts). 1040 ez instructions 3c         d Tax on excess accumulation in qualified retirement plans. 1040 ez instructions 3d         e Household employment taxes. 1040 ez instructions 3e         f Uncollected social security and Medicare or RRTA tax on tips or group-term life insurance. 1040 ez instructions 3f         g Tax on golden parachute payments. 1040 ez instructions 3g       4 Add lines 3a through 3g. 1040 ez instructions 4       5 Tax to be forgiven. 1040 ez instructions Subtract line 4 from line 2. 1040 ez instructions 5       Note. 1040 ez instructions If the total of columns (A), (B), and (C) of line 5 (including any amounts shown on line 15 of Worksheet B) is less than $10,000, also complete Worksheet C. 1040 ez instructions Attach the computation of the tax to be forgiven or a copy of this worksheet to the decedent's final income tax return or amended tax return (Form 1040X) for each year listed on line 1. 1040 ez instructions If filing Form 1040X for an eligible year, enter the amount from line 5 above on Form 1040X in column B of line 10 as a decrease in tax. 1040 ez instructions The IRS will determine the amount to be refunded. 1040 ez instructions Worksheet B. 1040 ez instructions Figuring the Tax To Be Forgiven (For Decedents Who Filed a Joint Return)       (A) First Eligible Year (1994 or 2000) (B) Second Eligible Year (1995 or 2001) (C) Third Eligible Year (1996 or 2002) 1 Enter the years eligible for forgiveness. 1040 ez instructions 1       2 Enter the decedent's taxable income. 1040 ez instructions Figure taxable income as if a separate return had been filed. 1040 ez instructions See the instructions. 1040 ez instructions 2       3 Enter the decedent's total tax. 1040 ez instructions See the instructions. 1040 ez instructions 3       4 Enter the total, if any, of the decedent's taxes not eligible for forgiveness. 1040 ez instructions See the instructions. 1040 ez instructions 4       5 Subtract line 4 from line 3. 1040 ez instructions 5       6 Enter the surviving spouse's taxable income. 1040 ez instructions Figure taxable income as if a separate return had been filed. 1040 ez instructions See the instructions. 1040 ez instructions 6       7 Enter the surviving spouse's total tax. 1040 ez instructions See the instructions. 1040 ez instructions 7       8 Enter the total, if any, of the surviving spouse's taxes listed in the instructions for line 4. 1040 ez instructions 8       9 Subtract line 8 from line 7. 1040 ez instructions 9       10 Add lines 5 and 9. 1040 ez instructions 10       11 Enter the total tax from the joint return. 1040 ez instructions See Table 1 on page 5 for the line number for years before 2002. 1040 ez instructions 11       12 Add lines 4 and 8. 1040 ez instructions 12       13 Subtract line 12 from line 11. 1040 ez instructions 13       14 Divide line 5 by line 10. 1040 ez instructions Enter the result as a decimal. 1040 ez instructions 14       15 Tax to be forgiven. 1040 ez instructions Multiply line 13 by line 14 and enter the result. 1040 ez instructions 15       Note. 1040 ez instructions If the total of columns (A), (B), and (C) of line 15 (including any amounts shown on line 5 of Worksheet A) is less than $10,000, also complete Worksheet C. 1040 ez instructions Attach the computation of the tax to be forgiven or a copy of this worksheet to the decedent's final income tax return or amended tax return (Form 1040X) for each year listed on line 1. 1040 ez instructions If filing Form 1040X for an eligible year, enter the amount from line 15 above on Form 1040X in column B of line 10 as a decrease in tax. 1040 ez instructions The IRS will determine the amount to be refunded. 1040 ez instructions Worksheet B. 1040 ez instructions Figuring the Tax To Be Forgiven (For Decedents Who Filed a Joint Return)       (A) First Eligible Year (1994 or 2000) (B) Second Eligible Year (1995 or 2001) (C) Third Eligible Year (1996 or 2002) 1 Enter the years eligible for forgiveness. 1040 ez instructions 1       2 Enter the decedent's taxable income. 1040 ez instructions Figure taxable income as if a separate return had been filed. 1040 ez instructions See the instructions. 1040 ez instructions 2       3 Enter the decedent's total tax. 1040 ez instructions See the instructions. 1040 ez instructions 3       4 Enter the total, if any, of the decedent's taxes not eligible for forgiveness. 1040 ez instructions See the instructions. 1040 ez instructions 4       5 Subtract line 4 from line 3. 1040 ez instructions 5       6 Enter the surviving spouse's taxable income. 1040 ez instructions Figure taxable income as if a separate return had been filed. 1040 ez instructions See the instructions. 1040 ez instructions 6       7 Enter the surviving spouse's total tax. 1040 ez instructions See the instructions. 1040 ez instructions 7       8 Enter the total, if any, of the surviving spouse's taxes listed in the instructions for line 4. 1040 ez instructions 8       9 Subtract line 8 from line 7. 1040 ez instructions 9       10 Add lines 5 and 9. 1040 ez instructions 10       11 Enter the total tax from the joint return. 1040 ez instructions See Table 1 on page 5 for the line number for years before 2002. 1040 ez instructions 11       12 Add lines 4 and 8. 1040 ez instructions 12       13 Subtract line 12 from line 11. 1040 ez instructions 13       14 Divide line 5 by line 10. 1040 ez instructions Enter the result as a decimal. 1040 ez instructions 14       15 Tax to be forgiven. 1040 ez instructions Multiply line 13 by line 14 and enter the result. 1040 ez instructions 15       Note. 1040 ez instructions If the total of columns (A), (B), and (C) of line 15 (including any amounts shown on line 5 of Worksheet A) is less than $10,000, also complete Worksheet C. 1040 ez instructions Attach the computation of the tax to be forgiven or a copy of this worksheet to the decedent's final income tax return or amended tax return (Form 1040X) for each year listed on line 1. 1040 ez instructions If filing Form 1040X for an eligible year, enter the amount from line 15 above on Form 1040X in column B of line 10 as a decrease in tax. 1040 ez instructions The IRS will determine the amount to be refunded. 1040 ez instructions Worksheet C. 1040 ez instructions Amount Treated as Tax Payment for Decedent's Last Tax Year Caution: The decedent is entitled to minimum tax forgiveness of $10,000. 1040 ez instructions Complete this worksheet only if the total tax forgiven for all eligible years is less than $10,000. 1040 ez instructions 1 Minimum tax forgiveness. 1040 ez instructions Note. 1040 ez instructions Before completing lines 2–9, see Instructions for lines 2–9 of Worksheet C. 1040 ez instructions 1 $10,000 2 Enter the taxable income from line 22 (Form 1041) 2       3 Enter the distribution deduction from line 18 (Form 1041) . 1040 ez instructions 3       4 Add lines 2 and 3. 1040 ez instructions 4       5 Enter exempt income received after death minus expenses allocable to exempt income. 1040 ez instructions (See Income received after date of death on page 5. 1040 ez instructions ) 5       6 Add lines 4 and 5. 1040 ez instructions 6       7 Figure the tax on line 6 using Schedule G (Form 1041). 1040 ez instructions 7       8 Figure the tax on line 4 using Schedule G (Form 1041). 1040 ez instructions 8       9 Tax on exempt income. 1040 ez instructions Subtract line 8 from line 7. 1040 ez instructions 9       10 Enter the total of columns (A)–(C) from line 5 of Worksheet A or line 15 of Worksheet B. 1040 ez instructions If the decedent was not required to file tax returns for the eligible tax years, enter -0-. 1040 ez instructions 10       11 Add lines 9 and 10. 1040 ez instructions 11   12 Additional payment allowed. 1040 ez instructions If line 11 is $10,000 or more, enter -0- and stop here. 1040 ez instructions No additional amount is allowed as a tax payment. 1040 ez instructions Otherwise, subtract line 11 from line 1 and enter the result. 1040 ez instructions 12   Note. 1040 ez instructions The amount on line 12 is allowed as a tax payment for the decedent's last tax year (usually 1995 or 2001). 1040 ez instructions Attach the computation of the additional payment allowed or a copy of this worksheet to the original or amended income tax return for the decedent's last tax year. 1040 ez instructions If filing Form 1040, include the amount from line 12 above on the “Other payments” line of the form. 1040 ez instructions Write "Sec. 1040 ez instructions 692(d)(2) Payment" and the amount to the right of the entry space. 1040 ez instructions Also indicate whether a Form 1041 is being filed for the decedent's estate. 1040 ez instructions If filing Form 1040X, include the amount from line 12 above on Form 1040X on line 15, columns (B) and (C). 1040 ez instructions Write “Sec. 1040 ez instructions 692(d)(2) Payment” on the dotted line to the left of the entry space. 1040 ez instructions Worksheet C. 1040 ez instructions Amount Treated as Tax Payment for Decedent's Last Tax Year Caution: The decedent is entitled to minimum tax forgiveness of $10,000. 1040 ez instructions Complete this worksheet only if the total tax forgiven for all eligible years is less than $10,000. 1040 ez instructions 1 Minimum tax forgiveness. 1040 ez instructions Note. 1040 ez instructions Before completing lines 2–9, see Instructions for lines 2–9 of Worksheet C. 1040 ez instructions 1 $10,000 2 Enter the taxable income from line 22 (Form 1041) 2       3 Enter the distribution deduction from line 18 (Form 1041) . 1040 ez instructions 3       4 Add lines 2 and 3. 1040 ez instructions 4       5 Enter exempt income received after death minus expenses allocable to exempt income. 1040 ez instructions (See Income received after date of death on page 5. 1040 ez instructions ) 5       6 Add lines 4 and 5. 1040 ez instructions 6       7 Figure the tax on line 6 using Schedule G (Form 1041). 1040 ez instructions 7       8 Figure the tax on line 4 using Schedule G (Form 1041). 1040 ez instructions 8       9 Tax on exempt income. 1040 ez instructions Subtract line 8 from line 7. 1040 ez instructions 9       10 Enter the total of columns (A)–(C) from line 5 of Worksheet A or line 15 of Worksheet B. 1040 ez instructions If the decedent was not required to file tax returns for the eligible tax years, enter -0-. 1040 ez instructions 10       11 Add lines 9 and 10. 1040 ez instructions 11   12 Additional payment allowed. 1040 ez instructions If line 11 is $10,000 or more, enter -0- and stop here. 1040 ez instructions No additional amount is allowed as a tax payment. 1040 ez instructions Otherwise, subtract line 11 from line 1 and enter the result. 1040 ez instructions 12   Note. 1040 ez instructions The amount on line 12 is allowed as a tax payment for the decedent's last tax year (usually 1995 or 2001). 1040 ez instructions Attach the computation of the additional payment allowed or a copy of this worksheet to the original or amended income tax return for the decedent's last tax year. 1040 ez instructions If filing Form 1040, include the amount from line 12 above on the “Other payments” line of the form. 1040 ez instructions Write "Sec. 1040 ez instructions 692(d)(2) Payment" and the amount to the right of the entry space. 1040 ez instructions Also indicate whether a Form 1041 is being filed for the decedent's estate. 1040 ez instructions If filing Form 1040X, include the amount from line 12 above on Form 1040X on line 15, columns (B) and (C). 1040 ez instructions Write “Sec. 1040 ez instructions 692(d)(2) Payment” on the dotted line to the left of the entry space. 1040 ez instructions How To Get Tax Help Special IRS assistance. 1040 ez instructions   The IRS is providing special help for those affected by the terrorist attacks, as well as survivors and personal representatives of the victims. 1040 ez instructions We have set up a special toll-free number for people who may have trouble filing or paying their taxes because they were affected by the terrorist attacks, or who have other tax issues related to the attacks. 1040 ez instructions Call 1–866–562–5227 Monday through Friday In English–7 a. 1040 ez instructions m. 1040 ez instructions to 10 p. 1040 ez instructions m. 1040 ez instructions local time In Spanish–8 a. 1040 ez instructions m. 1040 ez instructions to 9:30 p. 1040 ez instructions m. 1040 ez instructions local time   The IRS web site at www. 1040 ez instructions irs. 1040 ez instructions gov has notices and other tax relief information. 1040 ez instructions Check it periodically for any new guidance or to see if Congress has enacted new legislation. 1040 ez instructions   Business taxpayers affected by the attacks can e-mail their questions to corp. 1040 ez instructions disaster. 1040 ez instructions relief@irs. 1040 ez instructions gov. 1040 ez instructions   For current information on Presidentially declared disaster areas, check the Federal Emergency Management Agency Web site at www. 1040 ez instructions fema. 1040 ez instructions gov. 1040 ez instructions Other help from the IRS. 1040 ez instructions   You can get help with unresolved tax issues, order free publications and forms, ask tax questions, and get more information from the IRS in several ways. 1040 ez instructions By selecting the method that is best for you, you will have quick and easy access to tax help. 1040 ez instructions Contacting your Taxpayer Advocate. 1040 ez instructions   If you have attempted to deal with an IRS problem unsuccessfully, you should contact your Taxpayer Advocate. 1040 ez instructions   The Taxpayer Advocate represents your interests and concerns within the IRS by protecting your rights and resolving problems that have not been fixed through normal channels. 1040 ez instructions While Taxpayer Advocates cannot change the tax law or make a technical tax decision, they can clear up problems that resulted from previous contacts and ensure that your case is given a complete and impartial review. 1040 ez instructions   To contact your Taxpayer Advocate: Call the Taxpayer Advocate at 1–877–777–4778. 1040 ez instructions Call the IRS at 1–800–829–1040. 1040 ez instructions Call, write, or fax the Taxpayer Advocate office in your area. 1040 ez instructions Call 1–800–829–4059 if you are a TTY/TDD user. 1040 ez instructions   For more information, see Publication 1546, The Taxpayer Advocate Service of the IRS. 1040 ez instructions Free tax services. 1040 ez instructions   To find out what services are available, get Publication 910, Guide to Free Tax Services. 1040 ez instructions It contains a list of free tax publications and an index of tax topics. 1040 ez instructions It also describes other free tax information services, including tax education and assistance programs and a list of TeleTax topics. 1040 ez instructions Personal computer. 1040 ez instructions With your personal computer and modem, you can access the IRS on the Internet at www. 1040 ez instructions irs. 1040 ez instructions gov. 1040 ez instructions While visiting our web site, you can: Find answers to questions you may have. 1040 ez instructions Download forms and publications or search for forms and pub
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Estate and Gift Taxes

Estate Tax
The estate tax is a tax on your right to transfer property at your death. It consists of an accounting of everything you own or have certain interests in at the date of death.

Frequently Asked Questions on Estate Taxes
Find some of the more common questions dealing with basic estate tax issues.

Gift Tax
If you give someone money or property during your life, you may be subject to federal gift tax.

Frequently Asked Questions on Gift Taxes
Find some of the more common questions dealing with gift tax issues as well as some examples of how different types of gifts are treated.

Filing Estate and Gift Tax Returns
Learn when to file estate and gift taxes, where to send your returns, and get contact information if you need help.

What's New - Estate and Gift Tax
Stay up to date with the tax law changes related to estate and gift taxes.

References/Related Topics

Page Last Reviewed or Updated: 29-Jan-2014

The 1040 Ez Instructions

1040 ez instructions 13. 1040 ez instructions   Base de Bienes Table of Contents Introduction Useful Items - You may want to see: Base de CostoBienes Raíces Base AjustadaAumentos a la Base Disminuciones a la Base Base Distinta al CostoBienes Recibidos por Servicios Intercambios Sujetos a Impuestos Conversiones Involuntarias Intercambios no Sujetos a Impuestos Bienes Traspasados de un Cónyuge Bienes Recibidos como Donación Bienes Heredados Bienes de Uso Personal Cambiados a Uso Comercial o de Alquiler Acciones y Bonos Introduction Este capítulo explica cómo calcular la base de bienes. 1040 ez instructions Se divide en las siguientes secciones: Base de costo. 1040 ez instructions Base ajustada. 1040 ez instructions Base distinta al costo. 1040 ez instructions Su base es la cantidad de inversión en bienes para propósitos no sujetos a impuestos. 1040 ez instructions Use la base para calcular las pérdidas o ganancias provenientes de la venta, intercambio u otra enajenación de bienes. 1040 ez instructions Además, use la base para calcular las deducciones por depreciación, amortización, agotamiento y pérdidas fortuitas. 1040 ez instructions Si usa bienes para propósitos tanto comerciales como de inversión y personales, tiene que distribuir la base de acuerdo con el uso. 1040 ez instructions Sólo se puede depreciar la base asignada al uso comercial o de inversión de los bienes. 1040 ez instructions Su base original de los bienes se ajusta (aumenta o disminuye) según ciertos hechos. 1040 ez instructions Por ejemplo, si realiza mejoras a los bienes, aumente la base. 1040 ez instructions Si hace deducciones por depreciación o pérdidas fortuitas, o reclama ciertos créditos, reduzca la base. 1040 ez instructions Mantenga documentación precisa de todos los artículos que afecten la base de sus bienes. 1040 ez instructions Para más información sobre cómo mantener dicha documentación, consulte el capítulo 1 . 1040 ez instructions Useful Items - You may want to see: Publicación 15-B Employer's Tax Guide to Fringe Benefits (Guía tributaria sobre beneficios marginales para empleadores), en inglés 525 Taxable and Nontaxable Income (Ingresos sujetos a impuestos y no sujetos a impuestos), en inglés 535 Business Expenses (Gastos de negocio), en inglés 537 Installment Sales (Ventas a plazos), en inglés 544 Sales and Other Dispositions of Assets (Ventas y otras enajenaciones de activos), en inglés 550 Investment Income and Expenses (Ingresos y gastos de inversión), en inglés 551 Basis of Assets (Base de activos), en inglés 946 How To Depreciate Property (Cómo depreciar los bienes), en inglés Base de Costo La base de los bienes comprados normalmente es el costo de dichos bienes. 1040 ez instructions El costo es la cantidad que usted paga en efectivo, obligaciones de deuda, otros bienes o servicios. 1040 ez instructions Éste también puede incluir cantidades que paga por los siguientes artículos: Impuesto sobre ventas, Flete, Instalación y pruebas, Impuestos sobre artículos de uso y consumo, Honorarios legales y contables (cuando se tienen que capitalizar), Timbres de recaudación de impuestos, Costos de registro e Impuestos sobre bienes raíces (si usted los asume por el vendedor). 1040 ez instructions Además, la base de activos de bienes raíces y de negocios puede incluir otros artículos. 1040 ez instructions Préstamos con intereses bajos o sin intereses. 1040 ez instructions    Si compra bienes con un plan de pago a plazos con bajos intereses o sin intereses, la base de los bienes es el precio de compra establecido menos las cantidades consideradas intereses no establecidos. 1040 ez instructions Por lo general, se tienen intereses no establecidos si la tasa de interés es menor que la tasa federal correspondiente. 1040 ez instructions   Para obtener más información, consulte Unstated Interest and Original Issue Discount (OID) (Intereses no establecidos y descuento de la emisión original (OID, por sus siglas en inglés)) en la Publicación 537, en inglés. 1040 ez instructions Bienes Raíces Los bienes raíces, conocidos también como bienes inmuebles, consisten en tierra y, normalmente, todo lo que esté construido sobre esta tierra, lo que crezca en ella y todo lo instalado en ésta. 1040 ez instructions Si compra bienes raíces, algunos honorarios y otros gastos que usted pague son parte de la base de costo de los bienes. 1040 ez instructions Compra por suma global. 1040 ez instructions   Si compra edificios junto con la tierra por una suma global, asigne la base del costo entre la tierra y los edificios. 1040 ez instructions Asigne el costo según los valores justos de mercado (FMV, por sus siglas en inglés) respectivos de la tierra y los edificios al momento de la compra. 1040 ez instructions Calcule la base de cada uno de los activos multiplicando la suma global por una fracción. 1040 ez instructions El numerador es el valor justo de mercado de dicho activo y el denominador es el valor justo de mercado de los bienes en su totalidad al momento de la compra. 1040 ez instructions    Si no está seguro del valor justo de mercado de la tierra y los edificios, puede asignar la base de dichos bienes conforme a sus valores tasados para propósitos del impuesto sobre bienes raíces. 1040 ez instructions Valor justo de mercado (FMV). 1040 ez instructions   El valor justo de mercado (FMV, por sus siglas en inglés) es el precio por el cual los bienes cambian de propietario entre un comprador y un vendedor, cuando ninguno tiene la obligación de comprar o vender y cuando ambos tienen conocimiento razonable de todo hecho necesario. 1040 ez instructions Las ventas de bienes similares alrededor de la misma fecha pueden ser útiles para calcular el valor justo de mercado de los bienes. 1040 ez instructions Asunción de hipoteca. 1040 ez instructions   Si compra bienes y asume una hipoteca existente sobre los bienes (o si compra bienes sujetos a hipoteca), su base incluye la cantidad que paga por los bienes más la cantidad que se tiene que pagar sobre la hipoteca. 1040 ez instructions Cargos de liquidación. 1040 ez instructions   Su base incluye los cargos de liquidación y los costos de cierre que pagó por comprar los bienes. 1040 ez instructions Un cargo por comprar bienes es un costo que se tiene que pagar aun si compra los bienes en efectivo. 1040 ez instructions No incluya en su base cargos ni costos por obtener un préstamo sobre los bienes. 1040 ez instructions   Los siguientes son algunos de los cargos por liquidación o costos de cierre que puede incluir en la base de los bienes: Cargos por investigación del título de propiedad. 1040 ez instructions Cargos por conexión de servicios públicos. 1040 ez instructions Cargos por trámites legales (incluyendo cargos por la búsqueda del título y la preparación del contrato de compraventa y la escritura). 1040 ez instructions Costos de registro. 1040 ez instructions Cargos por estudios topográficos. 1040 ez instructions Impuestos de traspaso. 1040 ez instructions Seguro de título de la propiedad. 1040 ez instructions Cantidades que adeuda el vendedor y que usted acuerda pagar, como impuestos o intereses atrasados, costos de registro y cargos hipotecarios, cargos por mejoras o reparaciones y comisiones por ventas. 1040 ez instructions   Los costos de liquidación no incluyen cantidades puestas en depósito para el pago futuro de gastos como impuestos y seguro. 1040 ez instructions   Los siguientes son algunos de los cargos por liquidación y costos de cierre que no puede incluir en la base de los bienes: Primas de un seguro contra hechos fortuitos. 1040 ez instructions Alquiler por ocupación de la propiedad antes del cierre. 1040 ez instructions Cargos por servicios públicos u otros servicios relacionados con la ocupación de la propiedad antes del cierre. 1040 ez instructions Cargos relacionados con la obtención de un préstamo, tales como puntos (puntos de descuento, costos originarios del préstamo), primas de seguro hipotecario, cargos por asunción del préstamo, costo de un informe de crédito y cargos por una tasación que sea requisito del prestamista. 1040 ez instructions Cargos por refinanciamiento de una hipoteca. 1040 ez instructions Impuestos sobre bienes raíces. 1040 ez instructions   Si paga los impuestos sobre bienes raíces que el vendedor adeudaba sobre los bienes raíces que usted compró y el vendedor no se los reembolsa, considere estos impuestos como parte de su base. 1040 ez instructions No puede deducirlos como gasto. 1040 ez instructions    Si le reembolsa al vendedor los impuestos que éste pagó por usted, normalmente puede deducir la cantidad como gasto en el año de la compra. 1040 ez instructions No incluya esta cantidad en la base de bienes. 1040 ez instructions Si no se los reembolsa al vendedor, tiene que restar esos impuestos de su base. 1040 ez instructions Puntos. 1040 ez instructions   Si paga puntos para obtener un préstamo (incluyendo una hipoteca, una segunda hipoteca, una línea de crédito o un préstamo sobre el valor neto de la vivienda), no sume los puntos a la base de los bienes correspondientes. 1040 ez instructions Normalmente, los puntos se deducen a lo largo del plazo del préstamo. 1040 ez instructions Para más información sobre cómo deducir puntos, consulte el capítulo 23 . 1040 ez instructions Puntos de hipoteca de vivienda. 1040 ez instructions   Le pueden corresponder reglas especiales sobre los puntos que usted y el vendedor paguen cuando usted obtenga una hipoteca para comprar su vivienda principal. 1040 ez instructions Si se cumplen ciertos requisitos, puede deducir los puntos en su totalidad para el año en que se pagaron. 1040 ez instructions Reduzca la base de su vivienda por los puntos que pagó el vendedor. 1040 ez instructions Base Ajustada Antes de calcular las pérdidas o ganancias de una venta, intercambio u otra enajenación de bienes o de calcular la depreciación, agotamiento o amortización permisibles, por regla general, tiene que realizar ciertos ajustes (aumentos o disminuciones) a la base del costo o base distinta al costo (explicadas más adelante) de los bienes. 1040 ez instructions El resultado de estos ajustes a la base es la base ajustada. 1040 ez instructions Aumentos a la Base Aumente la base de los bienes por todos los artículos correctamente sumados a una cuenta de capital. 1040 ez instructions Ejemplos de artículos que aumentan la base se encuentran en la Tabla 13-1. 1040 ez instructions Algunos de estos artículos se explican a continuación. 1040 ez instructions Mejoras. 1040 ez instructions   Sume a su base de los bienes el costo de las mejoras que tengan vida útil de más de 1 año, si éstas aumentan el valor de los bienes, prolongan su vida útil o los adaptan para un uso diferente. 1040 ez instructions Por ejemplo, las mejoras incluyen la instalación de una sala de recreación en un sótano no terminado, la construcción de un baño o dormitorio adicional, la colocación de una cerca, la instalación de nueva plomería o cableado, la instalación de un nuevo tejado o la pavimentación de la entrada de autos. 1040 ez instructions Gravámenes por mejoras locales. 1040 ez instructions   Sume a la base de los bienes los cargos por mejoras como calles y aceras o banquetas, si éstas aumentan el valor de los bienes. 1040 ez instructions No deduzca dichos cargos como impuestos. 1040 ez instructions Sin embargo, puede deducir como impuestos los cargos por mantenimiento, reparaciones o cargos de intereses relacionados con las mejoras. 1040 ez instructions Ejemplo. 1040 ez instructions El ayuntamiento transforma la calle ubicada frente a su tienda en un paseo peatonal y le tasa un gravamen a la propiedad de usted y a las de otros propietarios afectados por el costo del cambio de la calle. 1040 ez instructions Sume dicho cargo a la base de sus bienes. 1040 ez instructions En este ejemplo, el cargo es un activo depreciable. 1040 ez instructions Disminuciones a la Base Reduzca la base de bienes por todo lo que represente un rendimiento de capital en el período durante el cual tuvo los bienes. 1040 ez instructions Los ejemplos de artículos que reducen la base se encuentran en la Tabla 13-1. 1040 ez instructions Algunos de estos artículos se explican a continuación. 1040 ez instructions Tabla 13-1. 1040 ez instructions Ejemplos de Ajustes a la Base Aumentos a la Base Disminuciones a la Base • Mejoras de capital: • Exclusión en los ingresos de subsidios  por sistemas de ahorro de energía   Ampliación de la vivienda     Instalación de un tejado completo     Pavimentación de la entrada de autos • Deducciones por pérdidas fortuitas o  por robo y reembolsos de seguros   Instalación de aire acondicionado central     Cambio del cableado en la vivienda         • Gravámenes por mejoras locales: • Ganancia aplazada de la venta de una  vivienda   Conexiones de agua     Extensión de cables de servicios públicos   hasta la propiedad • Crédito por vehículos con motor  alternativo (Formulario 8910)   Banquetas o aceras     Calles       • Crédito por bienes para recargar  vehículos de combustible alternativo   (Formulario 8911)             • Pérdidas por hechos fortuitos:  Restauración de bienes dañados   • Créditos por energía eficaz  residencial (Formulario 5695)         • Depreciación y deducción conforme a  la sección 179       • Honorarios legales: • Distribuciones de sociedades  anónimas no sujetos a impuestos   Costo de defender y perfeccionar un título   de propiedad     Honorarios por obtener la reducción de un   gravamen del ayuntamiento • Determinadas deudas canceladas  excluidas de los ingresos       • Costos de zonificación • Servidumbres (derechos de acceso  a la propiedad)         • Beneficios tributarios por adopción Pérdidas por hecho fortuito y robo. 1040 ez instructions   Si tiene pérdidas por hecho fortuito o por robo, reste de la base de los bienes el dinero del seguro u otros reembolsos y las pérdidas deducibles no cubiertas por el seguro. 1040 ez instructions    Tiene que aumentar la base de los bienes por la cantidad que gaste en reparaciones que restauren los bienes a su condición previa al hecho fortuito. 1040 ez instructions   Para obtener más información acerca de las pérdidas fortuitas y por robo, consulte el capítulo 25 . 1040 ez instructions Depreciación y deducción conforme a la sección 179. 1040 ez instructions   Reste de la base de la propiedad comercial calificada las deducciones que haya declarado conforme a la sección 179 y la depreciación que haya deducido, o pudo haber deducido (incluyendo todo descuento especial por depreciación), en la declaración de impuestos según el método de depreciación que seleccionó. 1040 ez instructions   Para obtener más información acerca de la depreciación y la deducción conforme a la sección 179, consulte la Publicación 946 y las Instrucciones del Formulario 4562, ambas en inglés. 1040 ez instructions Ejemplo. 1040 ez instructions Usted fue propietario de un dúplex usado como vivienda de alquiler que le costó $40,000, de los cuales $35,000 fueron asignados al edificio y $5,000 al terreno. 1040 ez instructions Hizo una ampliación al dúplex que costó $10,000. 1040 ez instructions En febrero del año pasado, el dúplex sufrió daños por un incendio. 1040 ez instructions Hasta ese momento, usted había descontado una depreciación de $23,000. 1040 ez instructions Vendió algunos materiales rescatados del siniestro por $1,300 y cobró $19,700 de la compañía de seguros. 1040 ez instructions Dedujo una pérdida fortuita de $1,000 en su declaración de impuestos sobre el ingreso del año pasado. 1040 ez instructions Gastó $19,000 del dinero del seguro para la restauración del dúplex, que se completó este año. 1040 ez instructions Tiene que usar la base ajustada del dúplex después de la restauración para determinar la depreciación para el resto del período de recuperación de la propiedad. 1040 ez instructions Calcule la base ajustada del dúplex de la siguiente manera: Costo original del dúplex $35,000 Ampliación hecha al dúplex 10,000 Costo total del dúplex $45,000 Menos: Depreciación 23,000 Base ajustada antes del hecho fortuito $22,000 Menos: Dinero del seguro $19,700     Pérdida fortuita deducida 1,000     Materiales rescatados 1,300 22,000 Base ajustada después del hecho fortuito $-0- Sume: Costo de restauración del dúplex 19,000 Base ajustada después de la restauración $19,000 Nota: La base del terreno es el costo original de $5,000. 1040 ez instructions Servidumbres (derechos de acceso a la propiedad). 1040 ez instructions   La cantidad recibida por otorgar una servidumbre normalmente se considera ganancia de la venta de una participación en bienes raíces. 1040 ez instructions Esto reduce la base de la parte afectada de los bienes. 1040 ez instructions Si la cantidad recibida es mayor que la base de la parte de la propiedad afectada por la servidumbre, reduzca su base de esa parte a cero y considere el remanente como una ganancia reconocida. 1040 ez instructions   Si la ganancia es sobre bienes de capital, consulte el capítulo 16 para obtener más información acerca de cómo declararla. 1040 ez instructions Si la ganancia es sobre bienes usados en una ocupación o negocio, consulte la Publicación 544, en inglés, para obtener información acerca de cómo declararla. 1040 ez instructions Exclusión de subsidios por sistemas de ahorro de energía. 1040 ez instructions   Puede excluir del ingreso bruto todo subsidio recibido de una compañía de servicios públicos por la compra o instalación de un sistema de ahorro de energía para una vivienda. 1040 ez instructions De la base de los bienes para los cuales recibió el subsidio, reste la cantidad excluida. 1040 ez instructions Para obtener más información acerca de este subsidio, consulte el capítulo 12 . 1040 ez instructions Ganancia aplazada de la venta de una vivienda. 1040 ez instructions    Si aplazó la ganancia de la venta de su vivienda principal según las reglas en vigencia antes del 7 de mayo de 1997, tiene que restar la ganancia aplazada de la base de la vivienda que adquirió como reposición. 1040 ez instructions Para obtener más información acerca de las reglas sobre la venta de una vivienda, vea el capítulo 15 . 1040 ez instructions Base Distinta al Costo En muchas ocasiones, no puede usar el costo como base. 1040 ez instructions En estos casos, se puede usar el valor justo de mercado o la base ajustada de los bienes. 1040 ez instructions El valor justo de mercado y la base ajustada se explican en secciones anteriores. 1040 ez instructions Bienes Recibidos por Servicios Si recibe bienes por sus servicios, incluya el valor justo de mercado de dichos bienes en los ingresos. 1040 ez instructions La cantidad que incluye en los ingresos es la base. 1040 ez instructions Si los servicios se prestaron por un precio acordado con anticipación, éste se aceptará como el valor justo de mercado de los bienes si no existen pruebas de lo contrario. 1040 ez instructions Bienes restringidos. 1040 ez instructions   Si recibe bienes por sus servicios y los bienes están sujetos a ciertas restricciones, la base de los bienes es el valor justo de mercado en el momento en que estén sustancialmente establecidos sus derechos a dichos bienes. 1040 ez instructions Sin embargo, esta regla no corresponde si elige incluir en los ingresos el valor justo de mercado de los bienes en el momento en que se le traspasen dichos bienes, menos la cantidad que pagó por éstos. 1040 ez instructions Su derecho sobre esos bienes están sustancialmente establecidos cuando dichos bienes se pueden traspasar o cuando no están sujetos a un riesgo importante de pérdida (es decir, usted tiene pocas probabilidades de perderlos). 1040 ez instructions Para obtener más información, consulte Restricted Property (Bienes restringidos) en la Publicación 525, en inglés. 1040 ez instructions Compra por valor inferior. 1040 ez instructions   Una compra por valor inferior es una compra de un artículo por un valor menor que su valor justo de mercado. 1040 ez instructions Si, como compensación por servicios, compra productos u otros bienes por un valor menor al valor justo de mercado, incluya en su ingreso la diferencia entre el precio de compra y el valor justo de mercado de los bienes. 1040 ez instructions La base de los bienes es el valor justo de mercado (precio de compra más la cantidad que se incluye en los ingresos). 1040 ez instructions   Si la diferencia entre el precio de compra y el valor justo de mercado es un descuento al empleado, no incluya la diferencia en los ingresos. 1040 ez instructions Sin embargo, la base de los bienes sigue siendo el valor justo de mercado. 1040 ez instructions Consulte Employee Discounts (Descuentos del empleado) en la Publicación 15-B, en inglés. 1040 ez instructions Intercambios Sujetos a Impuestos Un intercambio sujeto a impuestos es aquel intercambio en el que la ganancia está sujeta a impuestos o la pérdida es deducible. 1040 ez instructions Una ganancia sujeta a impuestos o pérdida deducible también se conoce como ganancia o pérdida reconocida. 1040 ez instructions Si recibe bienes como intercambio por otros bienes a través de un intercambio sujeto a impuestos, normalmente la base de los bienes que recibe es el valor justo de mercado al momento del intercambio. 1040 ez instructions Conversiones Involuntarias Si recibe bienes de reposición como resultado de una conversión involuntaria, tal como un hecho fortuito, robo o expropiación forzosa, calcule la base de los bienes de reposición usando la base de los bienes convertidos. 1040 ez instructions Bienes similares o afines. 1040 ez instructions   Si recibe bienes de reposición similares o afines en servicio o uso a los bienes convertidos, la base de los bienes de reposición es la misma que la base de los bienes convertidos en la fecha de la conversión, con los siguientes ajustes: Reduzca la base por lo siguiente: Toda pérdida que reconozca en la conversión involuntaria. 1040 ez instructions Todo dinero que reciba y que no gaste en bienes afines. 1040 ez instructions Aumente la base por lo siguiente: Toda ganancia que reconozca en la conversión involuntaria. 1040 ez instructions Todo costo de adquisición de los bienes de reposición. 1040 ez instructions Dinero o bienes no similares ni afines. 1040 ez instructions    Si recibe dinero o bienes no similares o no afines en servicio o uso a los bienes convertidos y compra bienes de reposición similares o afines en servicio o uso a los bienes convertidos, la base de los bienes de reposición es el costo menos la ganancia no reconocida en la conversión. 1040 ez instructions Ejemplo. 1040 ez instructions El estado expropió sus bienes. 1040 ez instructions La base ajustada de los bienes era $26,000 y el estado le pagó $31,000 por éstos. 1040 ez instructions Usted obtuvo una ganancia de $5,000 ($31,000 − $26,000). 1040 ez instructions Por $29,000 compró bienes de reposición similares en uso a los bienes convertidos. 1040 ez instructions Obtiene una ganancia de $2,000 ($31,000 − $29,000), la parte no gastada del pago que recibió del estado. 1040 ez instructions Su ganancia no reconocida es $3,000, la diferencia entre los $5,000 de ganancia obtenida y los $2,000 de ganancia reconocida. 1040 ez instructions La base de los bienes de reposición se calcula de la siguiente manera: Costo de los bienes de reposición $29,000 Menos: Ganancia no reconocida 3,000 Base de los bienes de reposición $26,000 Cómo distribuir la base. 1040 ez instructions   Si compra más de una propiedad de reposición, distribuya la base entre los bienes de acuerdo con los costos respectivos. 1040 ez instructions Base de depreciación. 1040 ez instructions   Hay reglas especiales para determinar y depreciar la base de los bienes MACRS (Sistema modificado de recuperación acelerada de costos) adquiridos en una conversión involuntaria. 1040 ez instructions Para información, vea What Is the Basis of Your Depreciable Property? (¿Cuál es la base de los bienes depreciables?), en el capítulo 1 de la Publicación 946, en inglés. 1040 ez instructions Intercambios no Sujetos a Impuestos Un intercambio no sujeto a impuestos es aquel intercambio en el que no se gravan las ganancias y no se pueden deducir las pérdidas. 1040 ez instructions Si recibe bienes por intercambio no sujetos a impuestos, normalmente la base es la misma que la base de los bienes que traspasó. 1040 ez instructions Consulte Canjes no Sujetos a Impuestos en el capítulo 14. 1040 ez instructions Intercambios de Bienes del Mismo Tipo El intercambio de bienes del mismo tipo es la clase más común de intercambio no sujeto a impuestos. 1040 ez instructions Para considerarse intercambio de bienes del mismo tipo, tanto los bienes canjeados como los bienes recibidos tienen que ser los siguientes: Bienes calificados. 1040 ez instructions Bienes del mismo tipo. 1040 ez instructions La base de los bienes que recibe normalmente es la misma que la base ajustada de los bienes que traspase. 1040 ez instructions Si canjea los bienes en un intercambio de bienes del mismo tipo y también paga dinero, la base de los bienes recibidos es la base ajustada de los bienes que entregó más el dinero que pagó. 1040 ez instructions Bienes calificados. 1040 ez instructions   En un intercambio de bienes del mismo tipo, tiene que mantener para inversión o uso productivo en su ocupación o negocio tanto los bienes que traspase como los bienes que reciba. 1040 ez instructions Bienes del mismo tipo. 1040 ez instructions   Tiene que haber un intercambio de bienes del mismo tipo. 1040 ez instructions Los bienes del mismo tipo son bienes de la misma naturaleza o carácter, aun si son de grado o calidad diferente. 1040 ez instructions El intercambio de bienes raíces por bienes raíces, o de bienes muebles por bienes muebles similares, es un intercambio de bienes del mismo tipo. 1040 ez instructions Ejemplo. 1040 ez instructions Usted canjea un camión viejo que usó en su negocio con una base ajustada de $1,700 por un camión nuevo que tiene un costo de $6,800. 1040 ez instructions El concesionario le hace un descuento de $2,000 por el camión viejo y usted paga $4,800. 1040 ez instructions Esto es un ejemplo de un intercambio de bienes del mismo tipo. 1040 ez instructions La base del camión nuevo es $6,500 (la base ajustada del camión viejo, $1,700, más la cantidad que pagó, $4,800). 1040 ez instructions Si vende el camión viejo a un tercero por $2,000, en lugar de hacer un canje y luego comprar un camión nuevo a un concesionario, usted tiene una ganancia sujeta a impuestos de $300 sobre la venta (el precio de venta de $2,000 menos la base ajustada de $1,700). 1040 ez instructions La base del camión nuevo es el precio que paga al concesionario. 1040 ez instructions Intercambios parcialmente no sujetos a impuestos. 1040 ez instructions   Un intercambio parcialmente no sujeto a impuestos es un intercambio en el que usted recibe bienes que no son del mismo tipo o dinero, además de bienes del mismo tipo. 1040 ez instructions La base de los bienes que recibe es igual a la base ajustada total de los bienes que traspasó, con los siguientes ajustes: Reduzca la base por lo siguiente: Todo el dinero que reciba. 1040 ez instructions Todas las pérdidas que reconozca en el intercambio. 1040 ez instructions Aumente la base por lo siguiente: Todos los costos adicionales en los que incurra. 1040 ez instructions Todas las ganancias que reconozca en el intercambio. 1040 ez instructions Si la otra parte implicada en el intercambio asume las deudas que le pertenecen a usted, trate la asunción de deuda como dinero que usted recibió en el intercambio. 1040 ez instructions Asignación de la base. 1040 ez instructions   Si recibe tanto bienes del mismo tipo como bienes que no son del mismo tipo en el intercambio, asigne la base primero a los bienes que no sean del mismo tipo, excepto dinero, hasta su valor justo de mercado en la fecha del intercambio. 1040 ez instructions El resto es la base de los bienes del mismo tipo. 1040 ez instructions Información adicional. 1040 ez instructions   Para obtener más información, consulte Like-Kind Exchanges (Intercambios de bienes del mismo tipo) en el capítulo 1 de la Publicación 544, en inglés. 1040 ez instructions Base de depreciación. 1040 ez instructions   Hay reglas especiales para determinar y depreciar la base de los bienes MACRS adquiridos en un intercambio de bienes del mismo tipo. 1040 ez instructions Para información, vea What Is the Basis of Your Depreciable Property? (¿Cuál es la base de los bienes depreciables?), en el capítulo 1 de la Publicación 946, en inglés. 1040 ez instructions Bienes Traspasados de un Cónyuge La base de los bienes traspasados a usted o traspasados en fideicomiso para su beneficio por su cónyuge es la misma base que la base ajustada de su cónyuge. 1040 ez instructions Se aplica la misma regla a un traspaso efectuado por su ex cónyuge en relación con su divorcio. 1040 ez instructions Sin embargo, para bienes traspasados en fideicomiso, ajuste la base según las ganancias reconocidas por su cónyuge o ex cónyuge si las obligaciones asumidas, más las obligaciones a las que están sujetos los bienes, son mayores que la base ajustada de los bienes traspasados. 1040 ez instructions Si los bienes que le son traspasados son bonos de ahorros estadounidenses de la serie E, serie EE o serie I, el cesionario tiene que incluir en el ingreso los intereses devengados a la fecha del traspaso. 1040 ez instructions Su base en los bonos, inmediatamente después del traspaso, es igual a la base del cesionario más el ingreso de intereses que se pueda incluir en el ingreso del cesionario. 1040 ez instructions Para obtener más información acerca de estos bonos, consulte el capítulo 7 . 1040 ez instructions Al momento del traspaso, el cesionario tiene que entregarle la documentación necesaria para determinar la base ajustada y el período de tenencia de los bienes a partir de la fecha de traspaso. 1040 ez instructions Para obtener más información acerca del traspaso de bienes de un cónyuge, consulte el capítulo 14 . 1040 ez instructions Bienes Recibidos como Donación Para calcular la base de una propiedad recibida como donación, tiene que conocer la base ajustada del donante justo antes de la donación, el valor justo de mercado de esta propiedad al momento en que se dona y los impuestos sobre donaciones pagados por dicha propiedad. 1040 ez instructions Valor justo de mercado menor que la base ajustada del donante. 1040 ez instructions   Si el valor justo de mercado de los bienes al momento de la donación es menor que la base ajustada del donante, la base depende de si usted tiene ganancias o pérdidas cuando enajene los bienes. 1040 ez instructions Su base para calcular ganancias es la misma que la base ajustada del donante más o menos los ajustes requeridos a la base mientras usted tenía los bienes. 1040 ez instructions Su base para calcular pérdidas es el valor justo de mercado cuando recibió la donación más o menos los ajustes requeridos a la base mientras usted tenía los bienes. 1040 ez instructions Vea Base Ajustada , anteriormente. 1040 ez instructions Ejemplo. 1040 ez instructions Usted recibió un acre de terreno como donación. 1040 ez instructions Al momento de la donación, el terreno tenía un valor justo de mercado de $8,000. 1040 ez instructions La base ajustada del donante era $10,000. 1040 ez instructions Después de recibir los bienes, no sucedió nada que aumentara ni disminuyera la base de los mismos. 1040 ez instructions Si posteriormente usted vende los bienes por $12,000, tendrá una ganancia de $2,000 porque tiene que usar la base ajustada del donante al momento de la donación ($10,000) como base para calcular la ganancia. 1040 ez instructions Si vende los bienes por $7,000, tendrá una pérdida de $1,000 porque tiene que usar el valor justo de mercado al momento de la donación ($8,000) como base para calcular la pérdida. 1040 ez instructions Si el precio de venta está entre $8,000 y $10,000, no tiene ganancias ni pérdidas. 1040 ez instructions Bienes comerciales. 1040 ez instructions   Si mantiene la donación como bienes comerciales, su base para calcular deducciones por depreciación, agotamiento o amortización es la misma que la base del donante más o menos los ajustes requeridos a la base mientras usted tiene los bienes. 1040 ez instructions Valor justo de mercado igual o mayor que la base ajustada del donante. 1040 ez instructions   Si el valor justo de mercado de los bienes es igual o mayor que la base ajustada del donante, la base es la base ajustada del donante al momento en que usted recibió la donación. 1040 ez instructions Aumente la base por la totalidad o parte de los impuestos sobre donaciones pagados, según la fecha de donación, como se explica más adelante. 1040 ez instructions   Además, para calcular las pérdidas o ganancias de una venta u otra enajenación o para calcular deducciones por depreciación, agotamiento o amortización sobre bienes comerciales, tiene que aumentar o reducir la base (la base ajustada del donante) por los ajustes requeridos a la base mientras usted tuvo los bienes. 1040 ez instructions Vea Base Ajustada , anteriormente. 1040 ez instructions   Si recibió una donación durante el año tributario, aumente la base de la donación (la base ajustada del donante) por la parte del impuesto sobre donaciones pagado sobre esta donación debido al aumento neto en valor de la donación. 1040 ez instructions Calcule el aumento multiplicando el impuesto pagado sobre la donación por la siguiente fracción. 1040 ez instructions El numerador de la fracción es el aumento neto del valor de la donación y el denominador es la cantidad de la donación. 1040 ez instructions   El aumento neto del valor de la donación es el valor justo de mercado de la donación menos la base ajustada del donante. 1040 ez instructions La cantidad de la donación es el valor para fines del impuesto sobre la donación después de haber sido reducida por toda exclusión anual y deducción conyugal o caritativa que corresponda a la donación. 1040 ez instructions Ejemplo. 1040 ez instructions En el año 2013, usted recibió una donación de bienes de su madre que tenía un valor justo de mercado de $50,000. 1040 ez instructions La base ajustada de su madre era $20,000. 1040 ez instructions La cantidad de la donación para propósitos del impuesto sobre donaciones era $36,000 ($50,000 menos la exclusión anual de $14,000). 1040 ez instructions Su madre pagó un impuesto sobre donaciones de $7,320 sobre los bienes. 1040 ez instructions La base de usted es $26,076, calculada de la siguiente manera: Valor justo de mercado. 1040 ez instructions $50,000 Menos: Base ajustada −20,000 Aumento neto en valor $30,000     Impuesto sobre la donación pagado $7,320 Multiplicado por ($30,000 ÷ $36,000) × 0. 1040 ez instructions 83 Impuesto sobre la donación debido al aumento neto en valor $6,076 Base ajustada de los bienes para su madre +20,000 La base de los bienes para usted $26,076 Nota: Si recibió una donación antes de 1977, la base de la donación para usted (la base ajustada del donante) incluye todos los impuestos sobre donaciones pagados sobre ésta. 1040 ez instructions Sin embargo, la base no puede ser mayor que el valor justo de mercado de la donación al momento en que se le dio a usted. 1040 ez instructions Bienes Heredados Su base en bienes heredados de un difunto que falleció antes del 1 de enero de 2010 o después del 31 de diciembre de 2010, es normalmente uno de los siguientes: El valor justo de mercado de los bienes en la fecha de muerte del difunto. 1040 ez instructions El valor justo de mercado en la fecha de valuación alternativa si el representante personal del caudal hereditario elige usar una valuación alternativa. 1040 ez instructions El valor según el método de valuación de uso especial para bienes raíces usados en actividades agrícolas o en el ejercicio de un negocio estrechamente controlado por pocos accionistas si se elige para propósitos del impuesto sobre la herencia. 1040 ez instructions La base ajustada del terreno del difunto hasta el valor excluido de la herencia sujeto a impuestos del difunto como una servidumbre de conservación calificada. 1040 ez instructions Si no hay que presentar una declaración del impuesto federal sobre la herencia, la base de los bienes heredados es el valor tasado en la fecha de fallecimiento para los impuestos estatales sobre la herencia o la transmisión. 1040 ez instructions Para obtener más información, consulte las Instrucciones del Formulario 706, United States Estate (and Generation-Skipping Transfer) Tax Return (Declaración del impuesto sobre el patrimonio (y transferencia con salto de generación) de los Estados Unidos), en inglés. 1040 ez instructions Bienes heredados de un difunto que falleció en 2010. 1040 ez instructions   Si heredó bienes de un difunto que falleció en 2010, pueden aplicarse requisitos especiales. 1040 ez instructions Para más información, vea la Publicación 4895, Tax Treatment of Property Acquired From a Decedent Dying in 2010 (Trato tributario de bienes adquiridos de un difunto que falleció en 2010), en inglés. 1040 ez instructions Bienes gananciales. 1040 ez instructions   En las jurisdicciones donde rigen las leyes de la comunidad de bienes gananciales (Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington y Wisconsin), se considera generalmente que cada cónyuge posee la mitad de los bienes gananciales. 1040 ez instructions Al fallecer cualquiera de los cónyuges, el total del valor de los bienes gananciales, aún la parte que le pertenece al cónyuge sobreviviente, normalmente se convierte en la base de la totalidad de los bienes. 1040 ez instructions Para que esta regla corresponda, por lo menos la mitad del valor de los bienes gananciales tiene que poderse incluir en el patrimonio bruto del difunto, independientemente de si se tiene que presentar o no una declaración sobre la herencia. 1040 ez instructions Ejemplo. 1040 ez instructions   Usted y su cónyuge tenían bienes gananciales cuya base era $80,000. 1040 ez instructions Cuando su cónyuge falleció, la mitad del valor justo de mercado de los bienes gananciales era incluible en el patrimonio de su cónyuge. 1040 ez instructions El valor justo de mercado de los intereses de los bienes gananciales era $100,000. 1040 ez instructions La base de su mitad de los bienes después de la muerte de su cónyuge es $50,000 (la mitad del valor justo de mercado de $100,000). 1040 ez instructions La base de la otra mitad que se pasa a los herederos de su cónyuge también es $50,000. 1040 ez instructions   Para más información, vea la Publicación 555, Community Property (Comunidad de bienes gananciales), en inglés. 1040 ez instructions Bienes de Uso Personal Cambiados a Uso Comercial o de Alquiler Si tiene bienes para uso personal y luego los cambia a uso comercial o los usa para producir ingresos de alquiler, puede empezar a depreciar dichos bienes al momento del cambio. 1040 ez instructions Para hacerlo, tiene que calcular la base para propósitos de depreciación al momento del cambio. 1040 ez instructions Un ejemplo de un cambio de bienes de uso personal a uso comercial o de alquiler sería alquilar su antigua vivienda personal. 1040 ez instructions Base para propósitos de depreciación. 1040 ez instructions   La base para depreciación es la menor de las siguientes cantidades: El valor justo de mercado de los bienes en la fecha del cambio. 1040 ez instructions La base ajustada en la fecha del cambio. 1040 ez instructions Ejemplo. 1040 ez instructions Hace varios años, usted pagó $160,000 por construir su casa en un terreno que costó $25,000. 1040 ez instructions Pagó $20,000 por mejoras permanentes a la vivienda y declaró una deducción por pérdidas fortuitas de $2,000 por daños a la vivienda antes de cambiar los bienes a uso de alquiler el año pasado. 1040 ez instructions Como el terreno no es depreciable, usted incluye sólo el costo de la vivienda al calcular la base para propósitos de determinar depreciación. 1040 ez instructions Su base ajustada en la vivienda, cuando cambió su uso, era $178,000 ($160,000 + $20,000 − $2,000). 1040 ez instructions En la misma fecha, su propiedad tenía un valor justo de mercado de $180,000, del cual $15,000 correspondían al terreno y $165,000 a la vivienda. 1040 ez instructions La base para calcular la depreciación de la vivienda es el valor justo de mercado en la fecha del cambio ($165,000) ya que es menor que la base ajustada ($178,000). 1040 ez instructions Venta de bienes. 1040 ez instructions   Si en el futuro usted vende o enajena los bienes cambiados a uso comercial o de alquiler, la base que use dependerá de si calcula pérdidas o ganancias. 1040 ez instructions Ganancia. 1040 ez instructions   La base para calcular una ganancia es la base ajustada de los bienes en el momento de la venta. 1040 ez instructions Ejemplo. 1040 ez instructions Suponga los mismos hechos que en el ejemplo anterior, excepto que usted vende los bienes obteniendo una ganancia después de descontar $37,500 por concepto de deducciones por depreciación. 1040 ez instructions Su base ajustada para calcular la ganancia es $165,500 ($178,000 + $25,000 (terreno) − $37,500). 1040 ez instructions Pérdida. 1040 ez instructions   Calcule la base para una pérdida empezando con la base ajustada o el valor justo de mercado de los bienes al momento del cambio a uso comercial o de alquiler, el que sea menor. 1040 ez instructions Luego haga ajustes (aumentos y reducciones) para el período después del cambio de uso de los bienes, como se explicó anteriormente bajo Base Ajustada . 1040 ez instructions Ejemplo. 1040 ez instructions Suponga los mismos hechos que en el ejemplo anterior, excepto que usted vende los bienes con pérdida después de descontar $37,500 por concepto de deducciones por depreciación. 1040 ez instructions En este caso, empezaría con el valor justo de mercado en la fecha del cambio a uso de alquiler ($180,000), ya que es menor que la base ajustada de $203,000 ($178,000 + $25,000 (terreno)) en esa fecha. 1040 ez instructions Reste de esa cantidad ($180,000) las deducciones por depreciación ($37,500). 1040 ez instructions La base para pérdidas es $142,500 ($180,000 − $37,500). 1040 ez instructions Acciones y Bonos La base de acciones o bonos que usted compre, por lo general, es el precio de compra más los costos de la compra, como comisiones y costos de registro o de traspaso. 1040 ez instructions Si obtiene acciones o bonos por un medio que no sea la compra, la base suele determinarse por el valor justo de mercado o la base ajustada del propietario anterior, como se explica anteriormente. 1040 ez instructions Tiene que ajustar la base de las acciones según ciertos hechos que sucedan después de la compra. 1040 ez instructions Por ejemplo, si recibe acciones adicionales de dividendos de acciones no sujetas a impuestos o divisiones de acciones, reduzca la base para cada acción, dividiendo la base ajustada de las acciones antiguas entre el número de acciones antiguas y nuevas. 1040 ez instructions Esta regla se aplica sólo cuando el número de acciones adicionales recibidas es idéntico al número de acciones tenidas. 1040 ez instructions Además, reduzca la base cuando reciba distribuciones no sujetas a impuestos. 1040 ez instructions Son un rendimiento de capital. 1040 ez instructions Ejemplo. 1040 ez instructions En el año 2011, compró 100 acciones de XYZ por $1,000, o sea, a $10 por acción. 1040 ez instructions En el año 2012, compró 100 acciones de XYZ por $1,600, o sea, a $16 por acción. 1040 ez instructions En el año 2013, XYZ declaró una división de acciones de 2 por 1. 1040 ez instructions Ahora tiene 200 acciones con una base de $5 por acción y 200 acciones con una base de $8 por acción. 1040 ez instructions Otras bases. 1040 ez instructions   Existen otras maneras de calcular la base de acciones o bonos, según cómo los adquirió. 1040 ez instructions Para obtener información más detallada, consulte Stocks and Bonds (Acciones y bonos) bajo Basis of Investment Property (Base de bienes de inversión) en el capítulo 4 de la Publicación 550, en inglés. 1040 ez instructions Cómo identificar acciones o bonos vendidos. 1040 ez instructions   Si puede identificar correctamente las acciones o los bonos que vendió, entonces la base de éstos es el costo u otra base de las acciones o bonos específicos. 1040 ez instructions Si compra y vende valores en fechas distintas y en cantidades distintas y no puede identificar correctamente las acciones vendidas, entonces la base de los valores que venda es la base de los valores que adquirió primero. 1040 ez instructions Para obtener más información sobre cómo identificar los valores que venda, consulte Stocks and Bonds (Acciones y bonos) bajo Basis of Investment Property (Base de bienes de inversión) en el capítulo 4 de la Publicación 550, en inglés. 1040 ez instructions Acciones de fondos mutuos. 1040 ez instructions   Si vende acciones de fondos mutuos que adquirió en fechas distintas y a precios distintos, y que dejó en depósito en una cuenta mantenida por un custodio o agente, puede optar por usar una base promedio. 1040 ez instructions Para obtener más información, consulte la Publicación 550, en inglés. 1040 ez instructions Prima de bonos. 1040 ez instructions   Si compra un bono sujeto a impuestos con prima (o sea, a un precio que excede su valor nominal) y elige amortizarla, reste de la base del bono la prima amortizada que deduzca cada año. 1040 ez instructions Para obtener más información, consulte Bond Premium Amortization (Amortización de primas de bonos) en el capítulo 3 de la Publicación 550, en inglés. 1040 ez instructions Aunque no puede deducir la prima sobre un bono exento de impuestos, tiene que amortizar la prima cada año y restar la cantidad amortizada de la base del bono. 1040 ez instructions Descuento de la emisión original (OID) sobre instrumentos de deuda. 1040 ez instructions   Tiene que aumentar la base de un instrumento de deuda de un descuento de la emisión original (OID, por sus siglas en inglés) por el OID que incluya en sus ingresos por ese instrumento. 1040 ez instructions Consulte Descuento de la emisión original (OID) en el capítulo 7 y la Publicación 1212, Guide to Original Issue Discount (OID) Instruments (Guía de instrumentos del descuento de la emisión original (OID)), en inglés. 1040 ez instructions Obligaciones exentas de impuestos. 1040 ez instructions    Por lo general, el OID sobre las obligaciones exentas de impuestos no está sujeto a impuestos. 1040 ez instructions Sin embargo, cuando enajene una obligación exenta de impuestos emitida después del 3 de septiembre de 1982 y comprada después del 1 de marzo de 1984, tiene que acumular el OID sobre la obligación para determinar su base ajustada. 1040 ez instructions El OID acumulado se suma a la base de la obligación para determinar su pérdida o ganancia. 1040 ez instructions Consulte el cápitulo 4 de la Publicación 550, en inglés. 1040 ez instructions Prev  Up  Next   Home   More Online Publications