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1040ez Tax Return

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1040ez Tax Return

1040ez tax return 2. 1040ez tax return   Electing the Section 179 Deduction Table of Contents Introduction Useful Items - You may want to see: What Property Qualifies?Eligible Property Property Acquired for Business Use Property Acquired by Purchase What Property Does Not Qualify?Land and Improvements Excepted Property How Much Can You Deduct?Dollar Limits Business Income Limit Partnerships and Partners S Corporations Other Corporations How Do You Elect the Deduction? When Must You Recapture the Deduction? Introduction You can elect to recover all or part of the cost of certain qualifying property, up to a limit, by deducting it in the year you place the property in service. 1040ez tax return This is the section 179 deduction. 1040ez tax return You can elect the section 179 deduction instead of recovering the cost by taking depreciation deductions. 1040ez tax return Estates and trusts cannot elect the section 179 deduction. 1040ez tax return This chapter explains what property does and does not qualify for the section 179 deduction, what limits apply to the deduction (including special rules for partnerships and corporations), and how to elect it. 1040ez tax return It also explains when and how to recapture the deduction. 1040ez tax return Useful Items - You may want to see: Publication 537 Installment Sales 544 Sales and Other Dispositions of Assets 954 Tax Incentives for Distressed Communities Form (and Instructions) 4562 Depreciation and Amortization 4797 Sales of Business Property See chapter 6 for information about getting publications and forms. 1040ez tax return What Property Qualifies? To qualify for the section 179 deduction, your property must meet all the following requirements. 1040ez tax return It must be eligible property. 1040ez tax return It must be acquired for business use. 1040ez tax return It must have been acquired by purchase. 1040ez tax return It must not be property described later under What Property Does Not Qualify . 1040ez tax return The following discussions provide information about these requirements and exceptions. 1040ez tax return Eligible Property To qualify for the section 179 deduction, your property must be one of the following types of depreciable property. 1040ez tax return Tangible personal property. 1040ez tax return Other tangible property (except buildings and their structural components) used as: An integral part of manufacturing, production, or extraction or of furnishing transportation, communications, electricity, gas, water, or sewage disposal services, A research facility used in connection with any of the activities in (a) above, or A facility used in connection with any of the activities in (a) for the bulk storage of fungible commodities. 1040ez tax return Single purpose agricultural (livestock) or horticultural structures. 1040ez tax return See chapter 7 of Publication 225 for definitions and information regarding the use requirements that apply to these structures. 1040ez tax return Storage facilities (except buildings and their structural components) used in connection with distributing petroleum or any primary product of petroleum. 1040ez tax return Off-the-shelf computer software. 1040ez tax return Qualified real property (described below). 1040ez tax return Tangible personal property. 1040ez tax return   Tangible personal property is any tangible property that is not real property. 1040ez tax return It includes the following property. 1040ez tax return Machinery and equipment. 1040ez tax return Property contained in or attached to a building (other than structural components), such as refrigerators, grocery store counters, office equipment, printing presses, testing equipment, and signs. 1040ez tax return Gasoline storage tanks and pumps at retail service stations. 1040ez tax return Livestock, including horses, cattle, hogs, sheep, goats, and mink and other furbearing animals. 1040ez tax return   The treatment of property as tangible personal property for the section 179 deduction is not controlled by its treatment under local law. 1040ez tax return For example, property may not be tangible personal property for the deduction even if treated so under local law, and some property (such as fixtures) may be tangible personal property for the deduction even if treated as real property under local law. 1040ez tax return Off-the-shelf computer software. 1040ez tax return   Off-the-shelf computer software placed in service during the tax year is qualifying property for purposes of the section 179 deduction. 1040ez tax return This is computer software that is readily available for purchase by the general public, is subject to a nonexclusive license, and has not been substantially modified. 1040ez tax return It includes any program designed to cause a computer to perform a desired function. 1040ez tax return However, a database or similar item is not considered computer software unless it is in the public domain and is incidental to the operation of otherwise qualifying software. 1040ez tax return Qualified real property. 1040ez tax return   You can elect to treat certain qualified real property you placed in service as section 179 property for tax years beginning in 2013. 1040ez tax return If this election is made, the term “section 179 property” will include any qualified real property that is: Qualified leasehold improvement property, Qualified restaurant property, or Qualified retail improvement property. 1040ez tax return The maximum section 179 expense deduction that can be elected for qualified section 179 real property is $250,000 of the maximum section 179 deduction of $500,000 in 2013. 1040ez tax return For more information, see Special rules for qualified section 179 real property, later. 1040ez tax return Also, see Election for certain qualified section 179 real property, later, for information on how to make this election. 1040ez tax return Qualified leasehold improvement property. 1040ez tax return   Generally, this is any improvement to an interior part of a building (placed in service before January 1, 2014) that is nonresidential real property, provided all of the requirements discussed in chapter 3 under Qualified leasehold improvement property are met. 1040ez tax return   In addition, an improvement made by the lessor does not qualify as qualified leasehold improvement property to any subsequent owner unless it is acquired from the original lessor by reason of the lessor’s death or in any of the following types of transactions. 1040ez tax return A transaction to which section 381(a) applies, A mere change in the form of conducting the trade or business so long as the property is retained in the trade or business as qualified leasehold improvement property and the taxpayer retains a substantial interest in the trade or business, A like-kind exchange, involuntary conversion, or re-acquisition of real property to the extent that the basis in the property represents the carryover basis, or Certain nonrecognition transactions to the extent that your basis in the property is determined by reference to the transferor’s or distributor’s basis in the property. 1040ez tax return Examples include the following. 1040ez tax return A complete liquidation of a subsidiary. 1040ez tax return A transfer to a corporation controlled by the transferor. 1040ez tax return An exchange of property by a corporation solely for stock or securities in another corporation in a reorganization. 1040ez tax return Qualified restaurant property. 1040ez tax return   Qualified restaurant property is any section 1250 property that is a building or an improvement to a building placed in service after December 31, 2008, and before January 1, 2014. 1040ez tax return Also, more than 50% of the building’s square footage must be devoted to preparation of meals and seating for on-premise consumption of prepared meals. 1040ez tax return Qualified retail improvement property. 1040ez tax return   Generally, this is any improvement (placed in service after December 31, 2008, and before January 1, 2014) to an interior portion of nonresidential real property if it meets the following requirements. 1040ez tax return The portion is open to the general public and is used in the retail trade or business of selling tangible property to the general public. 1040ez tax return The improvement is placed in service more than 3 years after the date the building was first placed in service. 1040ez tax return The expenses are not for the enlargement of the building, any elevator or escalator, any structural components benefiting a common area, or the internal structural framework of the building. 1040ez tax return In addition, an improvement made by the lessor does not qualify as qualified retail improvement property to any subsequent owner unless it is acquired from the original lessor by reason of the lessor’s death or in any of the following types of transactions. 1040ez tax return A transaction to which section 381(a) applies, A mere change in the form of conducting the trade or business so long as the property is retained in the trade or business as qualified leasehold improvement property and the taxpayer retains a substantial interest in the trade or business, A like-kind exchange, involuntary conversion, or re-acquisition of real property to the extent that the basis in the property represents the carryover basis, or Certain nonrecognition transactions to the extent that your basis in the property is determined by reference to the transferor’s or distributor’s basis in the property. 1040ez tax return Examples include the following. 1040ez tax return A complete liquidation of a subsidiary. 1040ez tax return A transfer to a corporation controlled by the transferor. 1040ez tax return An exchange of property by a corporation solely for stock or securities in another corporation in a reorganization. 1040ez tax return Property Acquired for Business Use To qualify for the section 179 deduction, your property must have been acquired for use in your trade or business. 1040ez tax return Property you acquire only for the production of income, such as investment property, rental property (if renting property is not your trade or business), and property that produces royalties, does not qualify. 1040ez tax return Partial business use. 1040ez tax return   When you use property for both business and nonbusiness purposes, you can elect the section 179 deduction only if you use the property more than 50% for business in the year you place it in service. 1040ez tax return If you use the property more than 50% for business, multiply the cost of the property by the percentage of business use. 1040ez tax return Use the resulting business cost to figure your section 179 deduction. 1040ez tax return Example. 1040ez tax return May Oak bought and placed in service an item of section 179 property costing $11,000. 1040ez tax return She used the property 80% for her business and 20% for personal purposes. 1040ez tax return The business part of the cost of the property is $8,800 (80% × $11,000). 1040ez tax return Property Acquired by Purchase To qualify for the section 179 deduction, your property must have been acquired by purchase. 1040ez tax return For example, property acquired by gift or inheritance does not qualify. 1040ez tax return Property is not considered acquired by purchase in the following situations. 1040ez tax return It is acquired by one component member of a controlled group from another component member of the same group. 1040ez tax return Its basis is determined either— In whole or in part by its adjusted basis in the hands of the person from whom it was acquired, or Under the stepped-up basis rules for property acquired from a decedent. 1040ez tax return It is acquired from a related person. 1040ez tax return Related persons. 1040ez tax return   Related persons are described under Related persons earlier. 1040ez tax return However, to determine whether property qualifies for the section 179 deduction, treat as an individual's family only his or her spouse, ancestors, and lineal descendants and substitute "50%" for "10%" each place it appears. 1040ez tax return Example. 1040ez tax return Ken Larch is a tailor. 1040ez tax return He bought two industrial sewing machines from his father. 1040ez tax return He placed both machines in service in the same year he bought them. 1040ez tax return They do not qualify as section 179 property because Ken and his father are related persons. 1040ez tax return He cannot claim a section 179 deduction for the cost of these machines. 1040ez tax return What Property Does Not Qualify? Certain property does not qualify for the section 179 deduction. 1040ez tax return This includes the following. 1040ez tax return Land and Improvements Land and land improvements do not qualify as section 179 property. 1040ez tax return Land improvements include swimming pools, paved parking areas, wharves, docks, bridges, and fences. 1040ez tax return Excepted Property Even if the requirements explained earlier under What Property Qualifies are met, you cannot elect the section 179 deduction for the following property. 1040ez tax return Certain property you lease to others (if you are a noncorporate lessor). 1040ez tax return Certain property used predominantly to furnish lodging or in connection with the furnishing of lodging. 1040ez tax return Air conditioning or heating units. 1040ez tax return Property used predominantly outside the United States, except property described in section 168(g)(4) of the Internal Revenue Code. 1040ez tax return Property used by certain tax-exempt organizations, except property used in connection with the production of income subject to the tax on unrelated trade or business income. 1040ez tax return Property used by governmental units or foreign persons or entities, except property used under a lease with a term of less than 6 months. 1040ez tax return Leased property. 1040ez tax return   Generally, you cannot claim a section 179 deduction based on the cost of property you lease to someone else. 1040ez tax return This rule does not apply to corporations. 1040ez tax return However, you can claim a section 179 deduction for the cost of the following property. 1040ez tax return Property you manufacture or produce and lease to others. 1040ez tax return Property you purchase and lease to others if both the following tests are met. 1040ez tax return The term of the lease (including options to renew) is less than 50% of the property's class life. 1040ez tax return For the first 12 months after the property is transferred to the lessee, the total business deductions you are allowed on the property (other than rents and reimbursed amounts) are more than 15% of the rental income from the property. 1040ez tax return Property used for lodging. 1040ez tax return   Generally, you cannot claim a section 179 deduction for property used predominantly to furnish lodging or in connection with the furnishing of lodging. 1040ez tax return However, this does not apply to the following types of property. 1040ez tax return Nonlodging commercial facilities that are available to those not using the lodging facilities on the same basis as they are available to those using the lodging facilities. 1040ez tax return Property used by a hotel or motel in connection with the trade or business of furnishing lodging where the predominant portion of the accommodations is used by transients. 1040ez tax return Any certified historic structure to the extent its basis is due to qualified rehabilitation expenditures. 1040ez tax return Any energy property. 1040ez tax return Energy property. 1040ez tax return   Energy property is property that meets the following requirements. 1040ez tax return It is one of the following types of property. 1040ez tax return Equipment that uses solar energy to generate electricity, to heat or cool a structure, to provide hot water for use in a structure, or to provide solar process heat, except for equipment used to generate energy to heat a swimming pool. 1040ez tax return Equipment placed in service after December 31, 2005, and before January 1, 2017, that uses solar energy to illuminate the inside of a structure using fiber-optic distributed sunlight. 1040ez tax return Equipment used to produce, distribute, or use energy derived from a geothermal deposit. 1040ez tax return For electricity generated by geothermal power, this includes equipment up to (but not including) the electrical transmission stage. 1040ez tax return Qualified fuel cell property or qualified microturbine property placed in service after December 31, 2005, and before January 1, 2017. 1040ez tax return The construction, reconstruction, or erection of the property must be completed by you. 1040ez tax return For property you acquire, the original use of the property must begin with you. 1040ez tax return The property must meet the performance and quality standards, if any, prescribed by Income Tax Regulations in effect at the time you get the property. 1040ez tax return   For periods before February 14, 2008, energy property does not include any property that is public utility property as defined by section 46(f)(5) of the Internal Revenue Code (as in effect on November 4, 1990). 1040ez tax return How Much Can You Deduct? Your section 179 deduction is generally the cost of the qualifying property. 1040ez tax return However, the total amount you can elect to deduct under section 179 is subject to a dollar limit and a business income limit. 1040ez tax return These limits apply to each taxpayer, not to each business. 1040ez tax return However, see Married Individuals under Dollar Limits , later. 1040ez tax return For a passenger automobile, the total section 179 deduction and depreciation deduction are limited. 1040ez tax return See Do the Passenger Automobile Limits Apply in chapter 5 . 1040ez tax return If you deduct only part of the cost of qualifying property as a section 179 deduction, you can generally depreciate the cost you do not deduct. 1040ez tax return Trade-in of other property. 1040ez tax return   If you buy qualifying property with cash and a trade-in, its cost for purposes of the section 179 deduction includes only the cash you paid. 1040ez tax return Example. 1040ez tax return Silver Leaf, a retail bakery, traded two ovens having a total adjusted basis of $680 for a new oven costing $1,320. 1040ez tax return They received an $800 trade-in allowance for the old ovens and paid $520 in cash for the new oven. 1040ez tax return The bakery also traded a used van with an adjusted basis of $4,500 for a new van costing $9,000. 1040ez tax return They received a $4,800 trade-in allowance on the used van and paid $4,200 in cash for the new van. 1040ez tax return Only the portion of the new property's basis paid by cash qualifies for the section 179 deduction. 1040ez tax return Therefore, Silver Leaf's qualifying costs for the section 179 deduction are $4,720 ($520 + $4,200). 1040ez tax return Dollar Limits The total amount you can elect to deduct under section 179 for most property placed in service in 2013 generally cannot be more than $500,000. 1040ez tax return If you acquire and place in service more than one item of qualifying property during the year, you can allocate the section 179 deduction among the items in any way, as long as the total deduction is not more than $500,000. 1040ez tax return You do not have to claim the full $500,000. 1040ez tax return Qualified real property (described earlier) that you elected to treat as section 179 real property is limited to $250,000 of the maximum deduction of $500,000 for 2013. 1040ez tax return The amount you can elect to deduct is not affected if you place qualifying property in service in a short tax year or if you place qualifying property in service for only a part of a 12-month tax year. 1040ez tax return After you apply the dollar limit to determine a tentative deduction, you must apply the business income limit (described later) to determine your actual section 179 deduction. 1040ez tax return Example. 1040ez tax return In 2013, you bought and placed in service $500,000 in machinery and a $25,000 circular saw for your business. 1040ez tax return You elect to deduct $475,000 for the machinery and the entire $25,000 for the saw, a total of $500,000. 1040ez tax return This is the maximum amount you can deduct. 1040ez tax return Your $25,000 deduction for the saw completely recovered its cost. 1040ez tax return Your basis for depreciation is zero. 1040ez tax return The basis for depreciation of your machinery is $25,000. 1040ez tax return You figure this by subtracting your $475,000 section 179 deduction for the machinery from the $500,000 cost of the machinery. 1040ez tax return Situations affecting dollar limit. 1040ez tax return   Under certain circumstances, the general dollar limits on the section 179 deduction may be reduced or increased or there may be additional dollar limits. 1040ez tax return The general dollar limit is affected by any of the following situations. 1040ez tax return The cost of your section 179 property placed in service exceeds $2,000,000. 1040ez tax return Your business is an enterprise zone business. 1040ez tax return You placed in service a sport utility or certain other vehicles. 1040ez tax return You are married filing a joint or separate return. 1040ez tax return Costs exceeding $2,000,000 If the cost of your qualifying section 179 property placed in service in a year is more than $2,000,000, you generally must reduce the dollar limit (but not below zero) by the amount of cost over $2,000,000. 1040ez tax return If the cost of your section 179 property placed in service during 2013 is $2,500,000 or more, you cannot take a section 179 deduction. 1040ez tax return Example. 1040ez tax return In 2013, Jane Ash placed in service machinery costing $2,100,000. 1040ez tax return This cost is $100,000 more than $2,000,000, so she must reduce her dollar limit to $400,000 ($500,000 − $100,000). 1040ez tax return Enterprise Zone Businesses An increased section 179 deduction is available to enterprise zone businesses for qualified zone property placed in service during the tax year, in an empowerment zone. 1040ez tax return For more information including the definitions of “enterprise zone business” and “qualified zone property,” see sections 1397A, 1397C, and 1397D of the Internal Revenue Code. 1040ez tax return The dollar limit on the section 179 deduction is increased by the smaller of: $35,000, or The cost of section 179 property that is also qualified zone property placed in service before January 1, 2014 (including such property placed in service by your spouse, even if you are filing a separate return). 1040ez tax return Note. 1040ez tax return   You take into account only 50% (instead of 100%) of the cost of qualified zone property placed in service in a year when figuring the reduced dollar limit for costs exceeding $2,000,000 (explained earlier). 1040ez tax return Sport Utility and Certain Other Vehicles You cannot elect to expense more than $25,000 of the cost of any heavy sport utility vehicle (SUV) and certain other vehicles placed in service during the tax year. 1040ez tax return This rule applies to any 4-wheeled vehicle primarily designed or used to carry passengers over public streets, roads, or highways, that is rated at more than 6,000 pounds gross vehicle weight and not more than 14,000 pounds gross vehicle weight. 1040ez tax return However, the $25,000 limit does not apply to any vehicle: Designed to seat more than nine passengers behind the driver's seat, Equipped with a cargo area (either open or enclosed by a cap) of at least six feet in interior length that is not readily accessible from the passenger compartment, or That has an integral enclosure fully enclosing the driver compartment and load carrying device, does not have seating rearward of the driver's seat, and has no body section protruding more than 30 inches ahead of the leading edge of the windshield. 1040ez tax return Married Individuals If you are married, how you figure your section 179 deduction depends on whether you file jointly or separately. 1040ez tax return If you file a joint return, you and your spouse are treated as one taxpayer in determining any reduction to the dollar limit, regardless of which of you purchased the property or placed it in service. 1040ez tax return If you and your spouse file separate returns, you are treated as one taxpayer for the dollar limit, including the reduction for costs over $2,000,000. 1040ez tax return You must allocate the dollar limit (after any reduction) between you equally, unless you both elect a different allocation. 1040ez tax return If the percentages elected by each of you do not total 100%, 50% will be allocated to each of you. 1040ez tax return Example. 1040ez tax return Jack Elm is married. 1040ez tax return He and his wife file separate returns. 1040ez tax return Jack bought and placed in service $2,000,000 of qualified farm machinery in 2013. 1040ez tax return His wife has her own business, and she bought and placed in service $30,000 of qualified business equipment. 1040ez tax return Their combined dollar limit is $470,000. 1040ez tax return This is because they must figure the limit as if they were one taxpayer. 1040ez tax return They reduce the $500,000 dollar limit by the $30,000 excess of their costs over $2,000,000. 1040ez tax return They elect to allocate the $470,000 dollar limit as follows. 1040ez tax return $446,500 ($470,000 x 95%) to Mr. 1040ez tax return Elm's machinery. 1040ez tax return $23,500 ($470,000 x 5%) to Mrs. 1040ez tax return Elm's equipment. 1040ez tax return If they did not make an election to allocate their costs in this way, they would have to allocate $235,000 ($470,000 × 50%) to each of them. 1040ez tax return Joint return after filing separate returns. 1040ez tax return   If you and your spouse elect to amend your separate returns by filing a joint return after the due date for filing your return, the dollar limit on the joint return is the lesser of the following amounts. 1040ez tax return The dollar limit (after reduction for any cost of section 179 property over $2,000,000). 1040ez tax return The total cost of section 179 property you and your spouse elected to expense on your separate returns. 1040ez tax return Example. 1040ez tax return The facts are the same as in the previous example except that Jack elected to deduct $30,000 of the cost of section 179 property on his separate return and his wife elected to deduct $2,000. 1040ez tax return After the due date of their returns, they file a joint return. 1040ez tax return Their dollar limit for the section 179 deduction is $32,000. 1040ez tax return This is the lesser of the following amounts. 1040ez tax return $470,000—The dollar limit less the cost of section 179 property over $2,000,000. 1040ez tax return $32,000—The total they elected to expense on their separate returns. 1040ez tax return Business Income Limit The total cost you can deduct each year after you apply the dollar limit is limited to the taxable income from the active conduct of any trade or business during the year. 1040ez tax return Generally, you are considered to actively conduct a trade or business if you meaningfully participate in the management or operations of the trade or business. 1040ez tax return Any cost not deductible in one year under section 179 because of this limit can be carried to the next year. 1040ez tax return Special rules apply to a 2013 deduction of qualified section 179 real property that is disallowed because of the business income limit. 1040ez tax return See Special rules for qualified section 179 property under Carryover of disallowed deduction, later. 1040ez tax return Taxable income. 1040ez tax return   In general, figure taxable income for this purpose by totaling the net income and losses from all trades and businesses you actively conducted during the year. 1040ez tax return Net income or loss from a trade or business includes the following items. 1040ez tax return Section 1231 gains (or losses). 1040ez tax return Interest from working capital of your trade or business. 1040ez tax return Wages, salaries, tips, or other pay earned as an employee. 1040ez tax return For information about section 1231 gains and losses, see chapter 3 in Publication 544. 1040ez tax return   In addition, figure taxable income without regard to any of the following. 1040ez tax return The section 179 deduction. 1040ez tax return The self-employment tax deduction. 1040ez tax return Any net operating loss carryback or carryforward. 1040ez tax return Any unreimbursed employee business expenses. 1040ez tax return Two different taxable income limits. 1040ez tax return   In addition to the business income limit for your section 179 deduction, you may have a taxable income limit for some other deduction. 1040ez tax return You may have to figure the limit for this other deduction taking into account the section 179 deduction. 1040ez tax return If so, complete the following steps. 1040ez tax return Step Action 1 Figure taxable income without the section 179 deduction or the other deduction. 1040ez tax return 2 Figure a hypothetical section 179 deduction using the taxable income figured in Step 1. 1040ez tax return 3 Subtract the hypothetical section 179 deduction figured in Step 2 from the taxable income figured in Step 1. 1040ez tax return 4 Figure a hypothetical amount for the other deduction using the amount figured in Step 3 as taxable income. 1040ez tax return 5 Subtract the hypothetical other deduction figured in Step 4 from the taxable income figured in Step 1. 1040ez tax return 6 Figure your actual section 179 deduction using the taxable income figured in Step 5. 1040ez tax return 7 Subtract your actual section 179 deduction figured in Step 6 from the taxable income figured in Step 1. 1040ez tax return 8 Figure your actual other deduction using the taxable income figured in Step 7. 1040ez tax return Example. 1040ez tax return On February 1, 2013, the XYZ corporation purchased and placed in service qualifying section 179 property that cost $500,000. 1040ez tax return It elects to expense the entire $500,000 cost under section 179. 1040ez tax return In June, the corporation gave a charitable contribution of $10,000. 1040ez tax return A corporation's limit on charitable contributions is figured after subtracting any section 179 deduction. 1040ez tax return The business income limit for the section 179 deduction is figured after subtracting any allowable charitable contributions. 1040ez tax return XYZ's taxable income figured without the section 179 deduction or the deduction for charitable contributions is $520,000. 1040ez tax return XYZ figures its section 179 deduction and its deduction for charitable contributions as follows. 1040ez tax return Step 1– Taxable income figured without either deduction is $520,000. 1040ez tax return Step 2– Using $520,000 as taxable income, XYZ's hypothetical section 179 deduction is $500,000. 1040ez tax return Step 3– $20,000 ($520,000 − $500,000). 1040ez tax return Step 4– Using $20,000 (from Step 3) as taxable income, XYZ's hypothetical charitable contribution (limited to 10% of taxable income) is $2,000. 1040ez tax return Step 5– $518,000 ($520,000 − $2,000). 1040ez tax return Step 6– Using $518,000 (from Step 5) as taxable income, XYZ figures the actual section 179 deduction. 1040ez tax return Because the taxable income is at least $500,000, XYZ can take a $500,000 section 179 deduction. 1040ez tax return Step 7– $20,000 ($520,000 − $500,000). 1040ez tax return Step 8– Using $20,000 (from Step 7) as taxable income, XYZ's actual charitable contribution (limited to 10% of taxable income) is $2,000. 1040ez tax return Carryover of disallowed deduction. 1040ez tax return   You can carry over for an unlimited number of years the cost of any section 179 property you elected to expense but were unable to because of the business income limit. 1040ez tax return This disallowed deduction amount is shown on line 13 of Form 4562. 1040ez tax return You use the amount you carry over to determine your section 179 deduction in the next year. 1040ez tax return Enter that amount on line 10 of your Form 4562 for the next year. 1040ez tax return   If you place more than one property in service in a year, you can select the properties for which all or a part of the costs will be carried forward. 1040ez tax return Your selections must be shown in your books and records. 1040ez tax return For this purpose, treat section 179 costs allocated from a partnership or an S corporation as one item of section 179 property. 1040ez tax return If you do not make a selection, the total carryover will be allocated equally among the properties you elected to expense for the year. 1040ez tax return   If costs from more than one year are carried forward to a subsequent year in which only part of the total carryover can be deducted, you must deduct the costs being carried forward from the earliest year first. 1040ez tax return Special rules for qualified section 179 real property. 1040ez tax return   You can carry over to 2013 a 2012 deduction attributable to qualified section 179 real property that you elected to expense but were unable to take because of the business income limitation. 1040ez tax return Any such 2012 carryover amounts that are not deducted in 2013, plus any 2013 disallowed section 179 expense deductions attributable to qualified real property, are not carried over to 2014. 1040ez tax return Instead these amounts are treated as property placed in service on the first day of 2013 for purposes of computing depreciation (including the special depreciation allowance, if applicable). 1040ez tax return See section 179(f) of the Internal Revenue Code and Notice 2013-59 for more information. 1040ez tax return If there is a sale or other disposition of your property (including a transfer at death) before you can use the full amount of any outstanding carryover of your disallowed section 179 deduction, neither you nor the new owner can deduct any of the unused amount. 1040ez tax return Instead, you must add it back to the property's basis. 1040ez tax return Partnerships and Partners The section 179 deduction limits apply both to the partnership and to each partner. 1040ez tax return The partnership determines its section 179 deduction subject to the limits. 1040ez tax return It then allocates the deduction among its partners. 1040ez tax return Each partner adds the amount allocated from partnerships (shown on Schedule K-1 (Form 1065), Partner's Share of Income, Deductions, Credits, etc. 1040ez tax return ) to his or her nonpartnership section 179 costs and then applies the dollar limit to this total. 1040ez tax return To determine any reduction in the dollar limit for costs over $2,000,000, the partner does not include any of the cost of section 179 property placed in service by the partnership. 1040ez tax return After the dollar limit (reduced for any nonpartnership section 179 costs over $2,000,000) is applied, any remaining cost of the partnership and nonpartnership section 179 property is subject to the business income limit. 1040ez tax return Partnership's taxable income. 1040ez tax return   For purposes of the business income limit, figure the partnership's taxable income by adding together the net income and losses from all trades or businesses actively conducted by the partnership during the year. 1040ez tax return See the Instructions for Form 1065 for information on how to figure partnership net income (or loss). 1040ez tax return However, figure taxable income without regard to credits, tax-exempt income, the section 179 deduction, and guaranteed payments under section 707(c) of the Internal Revenue Code. 1040ez tax return Partner's share of partnership's taxable income. 1040ez tax return   For purposes of the business income limit, the taxable income of a partner engaged in the active conduct of one or more of a partnership's trades or businesses includes his or her allocable share of taxable income derived from the partnership's active conduct of any trade or business. 1040ez tax return Example. 1040ez tax return In 2013, Beech Partnership placed in service section 179 property with a total cost of $2,025,000. 1040ez tax return The partnership must reduce its dollar limit by $25,000 ($2,025,000 − $2,000,000). 1040ez tax return Its maximum section 179 deduction is $475,000 ($500,000 − $25,000), and it elects to expense that amount. 1040ez tax return The partnership's taxable income from the active conduct of all its trades or businesses for the year was $600,000, so it can deduct the full $475,000. 1040ez tax return It allocates $40,000 of its section 179 deduction and $50,000 of its taxable income to Dean, one of its partners. 1040ez tax return In addition to being a partner in Beech Partnership, Dean is also a partner in the Cedar Partnership, which allocated to him a $30,000 section 179 deduction and $35,000 of its taxable income from the active conduct of its business. 1040ez tax return He also conducts a business as a sole proprietor and, in 2013, placed in service in that business qualifying section 179 property costing $55,000. 1040ez tax return He had a net loss of $5,000 from that business for the year. 1040ez tax return Dean does not have to include section 179 partnership costs to figure any reduction in his dollar limit, so his total section 179 costs for the year are not more than $2,000,000 and his dollar limit is not reduced. 1040ez tax return His maximum section 179 deduction is $500,000. 1040ez tax return He elects to expense all of the $70,000 in section 179 deductions allocated from the partnerships ($40,000 from Beech Partnership plus $30,000 from Cedar Partnership), plus $55,000 of his sole proprietorship's section 179 costs, and notes that information in his books and records. 1040ez tax return However, his deduction is limited to his business taxable income of $80,000 ($50,000 from Beech Partnership, plus $35,000 from Cedar Partnership minus $5,000 loss from his sole proprietorship). 1040ez tax return He carries over $45,000 ($125,000 − $80,000) of the elected section 179 costs to 2014. 1040ez tax return He allocates the carryover amount to the cost of section 179 property placed in service in his sole proprietorship, and notes that allocation in his books and records. 1040ez tax return Different tax years. 1040ez tax return   For purposes of the business income limit, if the partner's tax year and that of the partnership differ, the partner's share of the partnership's taxable income for a tax year is generally the partner's distributive share for the partnership tax year that ends with or within the partner's tax year. 1040ez tax return Example. 1040ez tax return John and James Oak are equal partners in Oak Partnership. 1040ez tax return Oak Partnership uses a tax year ending January 31. 1040ez tax return John and James both use a tax year ending December 31. 1040ez tax return For its tax year ending January 31, 2013, Oak Partnership's taxable income from the active conduct of its business is $80,000, of which $70,000 was earned during 2012. 1040ez tax return John and James each include $40,000 (each partner's entire share) of partnership taxable income in computing their business income limit for the 2013 tax year. 1040ez tax return Adjustment of partner's basis in partnership. 1040ez tax return   A partner must reduce the basis of his or her partnership interest by the total amount of section 179 expenses allocated from the partnership even if the partner cannot currently deduct the total amount. 1040ez tax return If the partner disposes of his or her partnership interest, the partner's basis for determining gain or loss is increased by any outstanding carryover of disallowed section 179 expenses allocated from the partnership. 1040ez tax return Adjustment of partnership's basis in section 179 property. 1040ez tax return   The basis of a partnership's section 179 property must be reduced by the section 179 deduction elected by the partnership. 1040ez tax return This reduction of basis must be made even if a partner cannot deduct all or part of the section 179 deduction allocated to that partner by the partnership because of the limits. 1040ez tax return S Corporations Generally, the rules that apply to a partnership and its partners also apply to an S corporation and its shareholders. 1040ez tax return The deduction limits apply to an S corporation and to each shareholder. 1040ez tax return The S corporation allocates its deduction to the shareholders who then take their section 179 deduction subject to the limits. 1040ez tax return Figuring taxable income for an S corporation. 1040ez tax return   To figure taxable income (or loss) from the active conduct by an S corporation of any trade or business, you total the net income and losses from all trades or businesses actively conducted by the S corporation during the year. 1040ez tax return   To figure the net income (or loss) from a trade or business actively conducted by an S corporation, you take into account the items from that trade or business that are passed through to the shareholders and used in determining each shareholder's tax liability. 1040ez tax return However, you do not take into account any credits, tax-exempt income, the section 179 deduction, and deductions for compensation paid to shareholder-employees. 1040ez tax return For purposes of determining the total amount of S corporation items, treat deductions and losses as negative income. 1040ez tax return In figuring the taxable income of an S corporation, disregard any limits on the amount of an S corporation item that must be taken into account when figuring a shareholder's taxable income. 1040ez tax return Other Corporations A corporation's taxable income from its active conduct of any trade or business is its taxable income figured with the following changes. 1040ez tax return It is figured before deducting the section 179 deduction, any net operating loss deduction, and special deductions (as reported on the corporation's income tax return). 1040ez tax return It is adjusted for items of income or deduction included in the amount figured in 1, above, not derived from a trade or business actively conducted by the corporation during the tax year. 1040ez tax return How Do You Elect the Deduction? You elect to take the section 179 deduction by completing Part I of Form 4562. 1040ez tax return If you elect the deduction for listed property (described in chapter 5), complete Part V of Form 4562 before completing Part I. 1040ez tax return For property placed in service in 2013, file Form 4562 with either of the following. 1040ez tax return Your original 2013 tax return, whether or not you file it timely. 1040ez tax return An amended return for 2013 filed within the time prescribed by law. 1040ez tax return An election made on an amended return must specify the item of section 179 property to which the election applies and the part of the cost of each such item to be taken into account. 1040ez tax return The amended return must also include any resulting adjustments to taxable income. 1040ez tax return You must keep records that show the specific identification of each piece of qualifying section 179 property. 1040ez tax return These records must show how you acquired the property, the person you acquired it from, and when you placed it in service. 1040ez tax return Election for certain qualified section 179 real property. 1040ez tax return   You can elect to expense certain qualified real property that you placed in service as section 179 property for tax years beginning in 2013. 1040ez tax return If you elect to treat this property as section 179 property, you must elect the application of the special rules for qualified real property described in section 179(f) of the Internal Revenue Code. 1040ez tax return   To make the election, attach a statement indicating you are “electing the application of section 179(f) of the Internal Revenue Code” with either of the following. 1040ez tax return Your original 2013 tax return, whether or not you file it timely. 1040ez tax return An amended return for 2013 filed within the time prescribed by law. 1040ez tax return The amended return must also include any adjustments to taxable income. 1040ez tax return   The statement should indicate your election to expense certain qualified real property under section 179(f) on your return. 1040ez tax return It must specify one or more of the three types of qualified property (described under Qualified real property ) to which the election applies, the cost of each such type, and the portion of the cost of each such property to be taken into account. 1040ez tax return Also, report this on line 6 of Form 4562. 1040ez tax return    The maximum section 179 expense deduction that can be taken for qualified section 179 real property is limited to $250,000. 1040ez tax return Revoking an election. 1040ez tax return   An election (or any specification made in the election) to take a section 179 deduction for 2013 can be revoked without IRS approval by filing an amended return. 1040ez tax return The amended return must be filed within the time prescribed by law. 1040ez tax return The amended return must also include any resulting adjustments to taxable income. 1040ez tax return Once made, the revocation is irrevocable. 1040ez tax return When Must You Recapture the Deduction? You may have to recapture the section 179 deduction if, in any year during the property's recovery period, the percentage of business use drops to 50% or less. 1040ez tax return In the year the business use drops to 50% or less, you include the recapture amount as ordinary income in Part IV of Form 4797. 1040ez tax return You also increase the basis of the property by the recapture amount. 1040ez tax return Recovery periods for property are discussed under Which Recovery Period Applies in chapter 4 . 1040ez tax return If you sell, exchange, or otherwise dispose of the property, do not figure the recapture amount under the rules explained in this discussion. 1040ez tax return Instead, use the rules for recapturing depreciation explained in chapter 3 of Publication 544 under Section 1245 Property. 1040ez tax return For qualified real property (described earlier), see Notice 2013-59 for determining the portion of the gain that is attributable to section 1245 property upon the sale or other disposition of qualified real property. 1040ez tax return If the property is listed property (described in chapter 5 ), do not figure the recapture amount under the rules explained in this discussion when the percentage of business use drops to 50% or less. 1040ez tax return Instead, use the rules for recapturing excess depreciation in chapter 5 under What Is the Business-Use Requirement. 1040ez tax return Figuring the recapture amount. 1040ez tax return   To figure the amount to recapture, take the following steps. 1040ez tax return Figure the depreciation that would have been allowable on the section 179 deduction you claimed. 1040ez tax return Begin with the year you placed the property in service and include the year of recapture. 1040ez tax return Subtract the depreciation figured in (1) from the section 179 deduction you claimed. 1040ez tax return The result is the amount you must recapture. 1040ez tax return Example. 1040ez tax return In January 2011, Paul Lamb, a calendar year taxpayer, bought and placed in service section 179 property costing $10,000. 1040ez tax return The property is not listed property. 1040ez tax return The property is 3-year property. 1040ez tax return He elected a $5,000 section 179 deduction for the property and also elected not to claim a special depreciation allowance. 1040ez tax return He used the property only for business in 2011 and 2012. 1040ez tax return In 2013, he used the property 40% for business and 60% for personal use. 1040ez tax return He figures his recapture amount as follows. 1040ez tax return Section 179 deduction claimed (2011) $5,000. 1040ez tax return 00 Minus: Allowable depreciation using Table A-1 (instead of section 179 deduction):   2011 $1,666. 1040ez tax return 50   2012 2,222. 1040ez tax return 50   2013 ($740. 1040ez tax return 50 × 40% (business)) 296. 1040ez tax return 20 4,185. 1040ez tax return 20 2013 — Recapture amount $ 814. 1040ez tax return 80 Paul must include $814. 1040ez tax return 80 in income for 2013. 1040ez tax return If any qualified zone property placed in service during the year ceases to be used in an empowerment zone by an enterprise zone business in a later year, the benefit of the increased section 179 deduction must be reported as other income on your return. 1040ez tax return Prev  Up  Next   Home   More Online Publications
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The 1040ez Tax Return

1040ez tax return 16. 1040ez tax return   Cómo Declarar Ganancias y Pérdidas Table of Contents Qué Hay de Nuevo Introduction Useful Items - You may want to see: Cómo Declarar Ganancias y Pérdidas de CapitalExcepción 1. 1040ez tax return Excepción 2. 1040ez tax return Presente el Formulario 1099-B o el Formulario 1099-S al IRS. 1040ez tax return Pérdidas de Capital Tasas Impositivas sobre Ganancias de Capital Qué Hay de Nuevo Tasas máximas de ganancias de capital. 1040ez tax return  Para el año 2013, las tasas máximas de ganancias de capital son del 0%, 15%, 20%, 25% y 28%. 1040ez tax return Introduction En este capítulo se explica cómo declarar ganancias y pérdidas de capital provenientes de ventas, intercambios y otras enajenaciones de bienes de inversión en el Formulario 8949 y el Anexo D (Formulario 1040). 1040ez tax return Esta explicación abarca los siguientes temas: Cómo declarar ganancias y pérdidas a corto plazo. 1040ez tax return Cómo declarar ganancias y pérdidas a largo plazo. 1040ez tax return Cómo calcular pérdidas de capital que se van a trasladar al año siguiente. 1040ez tax return Cómo calcular los impuestos sobre una ganancia neta de capital. 1040ez tax return Si vende o de otro modo enajena bienes utilizados en una ocupación o negocio o en la producción de ingresos, vea la Publicación 544, Sales and Other Dispositions of Assets (Ventas y otras enajenaciones de activos), en inglés, antes de completar el Anexo D (Formulario 1040). 1040ez tax return Useful Items - You may want to see: Publicación 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 Formulario (e Instrucciones) 4797 Sales of Business Property (Ventas de bienes comerciales), en inglés 6252 Installment Sale Income (Ingresos de ventas a plazos), en inglés 8582 Passive Activity Loss Limitations (Limitaciones de pérdidas en actividades pasivas), en inglés 8949 Sales and Other Dispositions of Capital Assets (Ventas y otras enajenaciones de activos de capital, en inglés) Anexo D (Formulario 1040) Capital Gains and Losses (Ganancias y pérdidas de capital), en inglés Cómo Declarar Ganancias y Pérdidas de Capital Declare sus ganancias y pérdidas de capital en el Formulario 8949. 1040ez tax return Complete el Formulario 8949 antes de completar las líneas 1b, 2, 3, 8b, 9 ó 10 del Anexo D (Formulario 1040). 1040ez tax return Use el Formulario 8949 para declarar: La venta o intercambio de un activo de capital, la cual no se declaró en ningún otro formulario o anexo, Ganancias por canjes involuntarios (aparte de cuando se deba a un hecho fortuito o un robo) de activos de capital que no sirven para propósitos de negocio o lucro y Deudas incobrables que no provienen del negocio. 1040ez tax return Use el Anexo D (Formulario 1040): Para calcular la ganancia o pérdida total de las transacciones declaradas en el Formulario 8949; Para declarar una ganancia proveniente del Formulario 6252 o de la Parte I del Formulario 4797; Para declarar una ganancia o pérdida proveniente del Formulario 4684, 6781 u 8824; Para declarar distribuciones de ganancias de capital no declaradas directamente en el Formulario 1040 o en el Formulario 1040A; Para declarar una pérdida de capital trasladada del año tributario anterior al año tributario actual; Para declarar su parte de una ganancia (o pérdida) de una sociedad colectiva, sociedad anónima de tipo S, caudal hereditario o fideicomiso; Para declarar las transacciones informadas a usted en el Formulario 1099-B (o documento sustitutivo), el cual muestra las bases informadas al IRS y al cual no corresponde ninguno de los ajustes o códigos del Formulario 8949; y Para declarar ganancias de capital a largo plazo no distribuidas provenientes del Formulario 2439. 1040ez tax return Anote en el Formulario 8949 todas las ventas e intercambios de activos de capital (incluyendo acciones, bonos, etc. 1040ez tax return ) y de bienes raíces (si no se declararon en el Formulario 4684, 4797, 6252, 6781 u 8824 o la línea 1a u 8a del Anexo D). 1040ez tax return Declare estas transacciones aun si usted no recibió un Formulario 1099-B o 1099-S (u otra declaración sustitutiva) para la transacción. 1040ez tax return Declare las ganancias o pérdidas a corto plazo en la Parte I. 1040ez tax return Declare ganancias y pérdidas a largo plazo en la Parte II. 1040ez tax return Use cuantos Formularios 8949 sean necesarios. 1040ez tax return Excepciones a la presentación del Formulario 8949 y el Anexo D (Formulario 1040). 1040ez tax return   Hay ciertas circunstancias bajo las cuales usted tal vez no tenga que presentar el Formulario 8949 ni el Anexo D (Formulario 1040). 1040ez tax return Excepción 1. 1040ez tax return   Usted no tiene que presentar el Formulario 8949 ni el Anexo D (Formulario 1040) si no tiene pérdidas de capital y sus únicas ganancias de capital son distribuciones de ganancia de capital correspondientes al (los) recuadro(s) 2a del (de los) Formulario(s) 1099-DIV (o declaraciones sustitutivas). 1040ez tax return (Si alguno de los Formularios 1099-DIV (o declaraciones sustitutivas) que usted recibe indica una cifra en el recuadro 2b (ganancias no recuperadas conforme a la sección 1250), el recuadro 2c (ganancias conforme a la sección 1202) o el recuadro 2d (ganancias (tasas de 28%) por la venta de objetos coleccionables, usted no reúne los requisitos para esta excepción). 1040ez tax return Si reúne los requisitos para esta excepción, declare sus distribuciones de ganancia de capital directamente en la línea 13 del Formulario 1040 y marque el recuadro en la línea 13. 1040ez tax return También debe utillizar la Qualified Dividends and Capital Gain Tax Worksheet (Hoja de trabajo para impuestos sobre dividendos y ganancias de capital), que encontrará en las Instrucciones del Formulario 1040, para calcular su impuesto. 1040ez tax return Usted pede declarar sus distribuciones de ganancias de capital en la línea 10 del Formulario 1040A, en vez del Formulario 1040, si ninguno de los Formularios 1099-DIV (o declaraciones sustitutivas) que usted recibió indica una cifra en los recuadros 2b, 2c o 2d y usted no tiene que presentar el Formulario 1040. 1040ez tax return Excepción 2. 1040ez tax return   Usted tiene que presentar el Anexo D (Formulario 1040), pero por lo general no tiene que presentar el Formulario 8949 si la Excepción 1 no le corresponde y sus únicas ganancias y pérdidas de capital son: Distribuciones de ganancias de capital; Una pérdida de capital trasladada de un año anterior; Una ganancia correspondiente al Formulario 2439 ó 6252, o de la Parte I del Formulario 4797; Una ganancia o pérdida correspondiente al Formulario 4684, 6781 u 8824; Una ganancia o pérdida de una sociedad colectiva, sociedad anónima de tipo S, un caudal hereditario o fideicomiso; Ganancias y pérdidas de transacciones por las cuales usted recibió el Formulario 1099-B (o un documento sustitutivo), el cual muestra las bases informadas al IRS y por lo cual no necesita hacer ningún ajuste en la columna (g) del Formulario 8949 ni anotar ningún código en la columna (f) del Formulario 8949. 1040ez tax return Ventas a plazos. 1040ez tax return   No puede utilizar el método de pago a plazos para declarar una ganancia proveniente de la venta de acciones o valores bursátiles cotizados en un mercado de valores bursátiles establecido. 1040ez tax return Tiene que declarar la totalidad de la ganancia en el año de la venta (el año en el que ocurra la fecha de canje). 1040ez tax return Ganancias y pérdidas provenientes de una actividad pasiva. 1040ez tax return    Si tiene pérdidas o ganancias provenientes de una actividad pasiva, es posible que tenga que declararlas también en el Formulario 8582. 1040ez tax return En ciertos casos, la pérdida puede ser limitada conforme a las reglas de actividad pasiva. 1040ez tax return Consulte el Formulario 8582 y sus instrucciones correspondientes por separado para obtener información adicional sobre la declaración de ganancias y pérdidas de capital producto de una actividad pasiva. 1040ez tax return Transacciones que se declaran en el Formulario 1099-B. 1040ez tax return   Si vendió bienes, como acciones, bonos o ciertos productos de consumo bursátiles, a través de un agente corredor bursátil, éste debe entregarle un Formulario 1099-B o documento sustitutivo. 1040ez tax return Utilice el Formulario 1099-B o el documento sustitutivo para completar el Formulario 8949. 1040ez tax return Si usted vendió un valor bursátil garantizado en 2013, su agente corredor bursátil le mandará un Formulario 1099-B (o declaración sustitutiva) que le indica la base. 1040ez tax return Esto le ayudará a completar el Formulario 8949. 1040ez tax return Por lo general, los valores bursátiles garantizados son aquéllos que usted adquirió después del año 2010. 1040ez tax return   Declare las ganancias brutas que aparezcan en el recuadro 2a del Formulario 1099-B como el precio de venta en la columna (d) de la Parte I o la Parte II del Formulario 8949, según le corresponda a su caso. 1040ez tax return No obstante, si el agente corredor bursátil indica, en el recuadro 2a del Formulario 1099-B, haber declarado al IRS las ganancias brutas (precio de venta) menos comisiones y primas de opciones, anote el precio neto de venta resultante en la columna (d) de la Parte I o de la Parte II del Formulario 8949, según le corresponda a su caso. 1040ez tax return   Incluya en la columna (g) todo gasto de venta, tal como honorarios de agente corredor bursátil, comisiones, impuestos de traspaso locales y estatales y primas de opciones, a menos que usted haya declarado el precio neto de venta en la columna (d). 1040ez tax return Si incluye un gasto de venta en la columna (g), anote “E” en la columna (f). 1040ez tax return Transacciones que se declaran en el Formulario 1099-CAP. 1040ez tax return   Si es dueño de acciones de una sociedad anónima en cuyo control o estructura de capital haya habido cambios importantes, dicha sociedad debe enviarle el Formulario 1099-CAP o documento sustitutivo. 1040ez tax return Utilice el Formulario 1099-CAP o documento sustitutivo para completar el Formulario 8949. 1040ez tax return Si sus cálculos indican que, debido al cambio, usted tendría una pérdida, no anote ninguna cantidad en el Formulario 8949 ni en el Anexo D (Formulario 1040). 1040ez tax return Esta transacción no le da la posibilidad de declarar una pérdida en el Anexo D (Formulario 1040). 1040ez tax return   Declare el total de la cantidad recibida indicado en el recuadro 2 del Formulario 1099-CAP como el precio de venta en la columna (d) de la Parte I o de la Parte II del Formulario 8949, según le corresponda a su caso. 1040ez tax return Transacciones que se declaran en el Formulario 1099-S. 1040ez tax return   Si vendió o canjeó bienes raíces que han de declararse, normalmente la persona encargada de comunicar transacciones de bienes raíces debe entregarle un Formulario 1099-S en el que se indiquen las ganancias brutas. 1040ez tax return    “Bienes raíces que han de declararse” son toda participación en una propiedad actual o futura en cualesquiera de los siguientes casos: Terrenos con o sin mejoras, incluido el espacio aéreo; Estructuras intrínsecamente permanentes, incluido todo edificio residencial, comercial o industrial; Una unidad de condominio y sus instalaciones accesorias y elementos comunes, incluido el terreno; y Acciones de cooperativa de viviendas en sociedad anónima (como se define en la sección 216 del Código de Impuestos Internos). 1040ez tax return   Una “persona encargada de comunicar transacciones de bienes raíces” puede ser el abogado del comprador, el abogado de usted, una compañía de escrituras de propiedad o de cuentas en depósito, un prestamista hipotecario, el agente corredor bursátil de usted, el agente corredor bursátil del comprador o la persona que adquiera la mayor participación en la propiedad. 1040ez tax return   El Formulario 1099-S indicará las ganancias brutas de la venta o el intercambio en el recuadro 2. 1040ez tax return Consulte las Instrucciones para el Formulario 8949 y las Instrucciones para el Anexo D (Formulario 1040) para saber cómo se declaran estas transacciones e incluirlas en la Parte I o Parte II del Formulario 8949, tal como le corresponda a su caso. 1040ez tax return No obstante, declare los intercambios por bienes del mismo tipo en el Formulario 8824. 1040ez tax return   Es ilegal que una persona encargada de comunicar transacciones de bienes raíces le cobre un cargo por separado por cumplir con el requisito de presentación del Formulario 1099-S. 1040ez tax return Nominatarios. 1040ez tax return   Si recibe ganancias brutas como nominatario (es decir, las ganancias brutas están a nombre suyo pero en realidad pertenecen a otra persona), vea las Instrucciones para el Formulario 8949, para saber cómo declarar estas cantidades en el Formulario 8949. 1040ez tax return Presente el Formulario 1099-B o el Formulario 1099-S al IRS. 1040ez tax return   Si recibió ganancias brutas en calidad de nominatario en 2013, tiene que presentar al IRS el Formulario 1099-B o el Formulario 1099-S correspondiente a dichas ganancias. 1040ez tax return Envíe el Formulario 1099-B o el Formulario 1099-S junto con el Formulario 1096, Annual Summary and Transmittal of U. 1040ez tax return S. 1040ez tax return Information Returns (Resumen e informe anual de declaraciones informativas de los Estados Unidos), en inglés, al Centro de Servicio del Servicio de Impuestos Internos que le corresponda a más tardar el 28 de febrero de 2014 (31 de marzo de 2014, si presenta el Formulario 1099-B o el Formulario 1099-S por vía electrónica). 1040ez tax return Entregue la Copia B del Formulario 1099-B o del Formulario 1099-S al verdadero dueño de dichas ganancias a más tardar el 18 de febrero de 2014. 1040ez tax return En el Formulario 1099-B, usted debe constar como “Payer” (Pagador). 1040ez tax return El otro dueño debe constar como “Recipient” (Destinatario). 1040ez tax return En el Formulario 1099-S, usted debe constar como “Filer” (Declarante). 1040ez tax return El otro dueño debe constar como “Transferor” (Cesionista). 1040ez tax return No obstante, usted no tiene que presentar el Formulario 1099-B ni el Formulario 1099-S para mostrar las ganancias de su cónyuge. 1040ez tax return Para más información acerca de los requisitos de presentación de ciertas declaraciones informativas y las multas por no presentar (o facilitar) dichas declaraciones, vea las General Instructions for Certain Information Returns (Instrucciones generales para determinadas declaraciones informativas), en inglés. 1040ez tax return Si presenta la declaración electrónicamente, vea la Publicación 1220, en inglés. 1040ez tax return Venta de bienes comprados en diferentes ocasiones. 1040ez tax return   Si vende un paquete de acciones u otros bienes que haya comprado en diferentes ocasiones, declare la pérdida o ganancia a corto plazo procedente de la venta en una fila de la Parte I del Formulario 8949 y anote la pérdida o ganancia a largo plazo en una fila de la Parte II del Formulario 8949. 1040ez tax return Escriba “Various” (Varios) en la columna (b) para la “Date acquired” (Fecha de adquisición). 1040ez tax return Gastos de venta. 1040ez tax return    En la columna (g) del Formulario 8949, incluya todo gasto de venta, como honorarios de agentes corredores bursátiles, comisiones, impuestos estatales y locales sobre traspasos y primas de opciones, a menos que usted haya declarado el precio neto de ventas en la columna (d). 1040ez tax return Si usted incluyó un gasto de venta en la columna (g), anote “E” en la columna (f). 1040ez tax return   Para más información sobre los ajustes a la base, vea el capítulo 13. 1040ez tax return Ganancias y pérdidas a corto plazo. 1040ez tax return   Las ganancias o pérdidas de capital sobre la venta o canje de bienes de inversión que haya tenido por 1 año o menos se consideran pérdidas o ganancias de capital a corto plazo. 1040ez tax return Declárelas en la Parte I del Formulario 8949. 1040ez tax return   Sume su parte de pérdidas o ganancias de capital a corto plazo provenientes de sociedades colectivas, sociedades anónimas de tipo S, caudales hereditarios y fideicomisos, además de toda pérdida de capital a corto plazo que se haya trasladado de un año anterior, con las demás ganancias y pérdidas de capital a corto plazo para calcular la pérdida o ganancia de capital neta a corto plazo en la línea 7 del Anexo D (Formulario 1040). 1040ez tax return Ganancias y pérdidas a largo plazo. 1040ez tax return    Una ganancia o pérdida de capital sobre la venta o canje de bienes de inversión que haya tenido durante más de 1 año se considera ganancia o pérdida de capital a largo plazo. 1040ez tax return Declárela en la Parte II del Formulario 8949. 1040ez tax return   Usted debe declarar lo siguiente en la Parte II del Anexo D (Formulario 1040): Ganancias de capital a largo plazo de un fondo mutuo (u otra sociedad inversionista reglamentada) o de una sociedad de inversión inmobiliaria (REIT, por sus siglas en inglés) que no hayan sido distribuidas; Su participación de las ganancias y pérdidas de capital a largo plazo de sociedades colectivas, sociedades anónimas de tipo S, caudales hereditarios y fideicomisos; Toda distribución de ganancia de capital proveniente de fondos mutuos y sociedades de inversión inmobiliaria (REIT) que no se haya declarado directamente en la línea 10 del Formulario 1040A o la línea 13 del Formulario 1040; y Pérdidas de capital a largo plazo trasladadas de un año anterior. 1040ez tax return    El resultado que se dé después de sumar dichas cantidades con las demás ganancias de capital a largo plazo y restar las pérdidas de capital a largo plazo es la ganancia o pérdida de capital neta a largo plazo (línea 15 del Anexo D (Formulario 1040)). 1040ez tax return Total de la ganancia o pérdida neta. 1040ez tax return   Para calcular el total de la ganancia o pérdida neta, sume la ganancia o pérdida de capital neta a corto plazo (línea 7 del Anexo D (Formulario 1040)) con la pérdida o ganancia de capital neta a largo plazo (línea 15 del Anexo D (Formulario 1040)). 1040ez tax return Anote el resultado en la línea 16 de la Parte III del Anexo D (Formulario 1040). 1040ez tax return Si tiene pérdidas que sobrepasen las ganancias, vea Pérdidas de Capital , que se encuentra a continuación. 1040ez tax return Si las líneas 15 y 16 del Anexo D (Formulario 1040) son ganancias y el ingreso sujeto a impuestos en su Formulario 1040 es mayor de cero, vea Tasas Impositivas sobre Ganancias de Capital , más adelante. 1040ez tax return Pérdidas de Capital Si las pérdidas de capital son mayores que las ganancias de capital, se puede declarar una deducción por pérdida de capital. 1040ez tax return Declare la cantidad de la deducción en la línea 13 del Formulario 1040, anotándola entre paréntesis. 1040ez tax return Límite sobre la deducción. 1040ez tax return   La deducción por ganancia de capital permisible, calculada en el Anexo D (Formulario 1040), es la cantidad que sea menor de las siguientes: $3,000 ($1,500 si es casado y presenta una declaración por separado) o El total de la pérdida neta tal como aparece en la línea 16 del Anexo D (Formulario 1040). 1040ez tax return   Puede usar el total de la pérdida neta para reducir sus ingresos en una cantidad equivalente, hasta el límite de $3,000. 1040ez tax return Traslado de pérdida de capital. 1040ez tax return   Si el total de la pérdida neta en la línea 16 del Anexo D (Formulario 1040) sobrepasa el límite anual de las deducciones de pérdida de capital, puede trasladar al año siguiente la parte sobrante y tratarla como si hubiera incurrido en la misma durante ese próximo año. 1040ez tax return Si una parte de la pérdida sigue sin usarse, puede trasladarla a años posteriores hasta que se agote. 1040ez tax return   Cuando calcule una cantidad de pérdida de capital que se trasladará al año siguiente, tiene que tener en cuenta la deducción permisible del año en curso, la haya reclamado o no, e independientemente de si presentó o no una declaración correspondiente al año en curso. 1040ez tax return   Cuando traslade una pérdida a un año posterior, ésta sigue siendo una pérdida a largo plazo o corto plazo. 1040ez tax return Una pérdida de capital a largo plazo que usted traslade al año tributario siguiente reducirá las ganancias de capital a largo plazo de dicho año antes de reducir las ganancias de capital a corto plazo de dicho año. 1040ez tax return Cálculo de la cantidad trasladada al año siguiente. 1040ez tax return   La cantidad de la pérdida de capital a trasladarse al año siguiente es la cantidad de pérdida neta total que sea mayor que la cantidad menor entre: La deducción por pérdida de capital permisible durante el año o Sus ingresos sujetos a impuestos aumentados por la deducción por pérdida de capital permisible durante el año y la deducción por exenciones personales. 1040ez tax return   Si las deducciones son mayores que sus ingresos brutos del año tributario, utilice los ingresos negativos sujetos a impuestos al calcular la cantidad en el punto (2). 1040ez tax return    Complete la Capital Loss Carryover Worksheet (Hoja de trabajo para calcular la pérdida de capital a trasladarse a años posteriores) en las Instrucciones del Anexo D o la Publicación 550, en inglés, para calcular la parte de la pérdida de capital que se pueda trasladar. 1040ez tax return Ejemplo. 1040ez tax return Roberto y Gloria vendieron valores bursátiles en 2013. 1040ez tax return Las ventas dieron por resultado una pérdida de capital de $7,000. 1040ez tax return No hicieron otras transacciones de capital. 1040ez tax return Sus ingresos sujetos a impuestos fueron $26,000. 1040ez tax return En la declaración conjunta de 2013, pueden deducir $3,000. 1040ez tax return La parte de la pérdida que no usaron, $4,000 ($7,000 − $3,000), se puede trasladar a 2014. 1040ez tax return Si la pérdida de capital hubiera sido $2,000, la deducción por pérdida de capital también habría sido $2,000. 1040ez tax return No tendrían cantidad alguna a trasladar al año siguiente. 1040ez tax return Utilice primero las pérdidas a corto plazo. 1040ez tax return   Cuando calcule la cantidad a trasladarse al año siguiente, utilice primero las pérdidas de capital a corto plazo, aunque haya incurrido en las mismas después de una pérdida de capital a largo plazo. 1040ez tax return Si no ha alcanzado el límite de la deducción por pérdidas de capital después de haber utilizado las pérdidas de capital a corto plazo, utilice las pérdidas de capital a largo plazo hasta alcanzar el límite. 1040ez tax return Pérdida de capital de un difunto. 1040ez tax return    Una pérdida de capital sufrida por una persona en su último año tributario antes de fallecer (o que se haya traspasado de un año anterior a dicho año) se puede deducir sólo en la última declaración del impuesto sobre el ingreso personal que se presente a nombre del difunto. 1040ez tax return Los límites de pérdida de capital explicados anteriormente aún corresponden en este caso. 1040ez tax return El caudal hereditario (patrimonio) del difunto no puede deducir ninguna parte de la pérdida ni trasladarla a años posteriores. 1040ez tax return Declaraciones conjuntas y separadas. 1040ez tax return   Si antes usted y su cónyuge presentaban declaraciones por separado y ahora presentan una declaración conjunta, sume las cantidades de pérdida de capital que cada uno de ustedes haya trasladado a un año siguiente. 1040ez tax return No obstante, si antes usted y su cónyuge presentaban una declaración conjunta y ahora presentan declaraciones por separado, toda pérdida de capital que se haya trasladado a un año siguiente se puede deducir sólo en la declaración del cónyuge que de hecho sufrió la pérdida. 1040ez tax return Tasas Impositivas sobre Ganancias de Capital Las tasas impositivas correspondientes a una ganancia neta de capital suelen ser más bajas que las que corresponden a otros ingresos. 1040ez tax return Estas tasas reducidas se conocen como las “tasas máximas de ganancias de capital”. 1040ez tax return El término “ganancia neta de capital” designa la cantidad por la que la ganancia neta de capital a largo plazo del año supera la pérdida de capital neta a corto plazo. 1040ez tax return Para el año 2013, las tasas máximas correspondientes a ganancias de capital son 0%, 15%, 20%, 25% y 28%. 1040ez tax return Vea la Tabla 16-1, para obtener información detallada. 1040ez tax return Si para calcular el impuesto utiliza las tasas máximas correspondientes a ganancias de capital y el cálculo normal de impuestos le resulta en unos impuestos más bajos, el cálculo normal de impuestos es el que le corresponde. 1040ez tax return Ejemplo. 1040ez tax return Su ganancia neta de capital proviene en su totalidad de la venta de artículos coleccionables, por lo tanto, la tasa correspondiente a la ganancia de capital es 28%. 1040ez tax return Si de otro modo está sujeto a una tasa menor del 28%, la tasa del 28% no corresponde. 1040ez tax return Deducción de los intereses de inversiones. 1040ez tax return   Si declara una deducción de intereses de inversiones, tal vez tenga que reducir la cantidad de su ganancia neta de capital que reúna los requisitos para las tasas impositivas sobre ganancias de capital. 1040ez tax return Réstele la cantidad de la ganancia neta de capital que opte por incluir en los ingresos de inversiones al calcular el límite de la deducción de los mismos. 1040ez tax return Para hacer esto, se utiliza la Schedule D Tax Worksheet (Hoja de trabajo para los impuestos del Anexo D) en las Instrucciones para el Anexo D (Formulario 1040), en inglés, o la Qualified Dividends and Capital Gain Tax Worksheet (Hoja de trabajo para los impuestos sobre dividendos calificados y ganancias de capital), que se encuentra en las instrucciones por separado correspondientes a los Formularios 1040 y 1040A, en inglés. 1040ez tax return Para más información acerca del límite de los intereses procedentes de inversiones, vea Interest Expenses (Gastos de intereses) en el capítulo 3 de la Publicación 550, en inglés. 1040ez tax return Tabla 16-1. 1040ez tax return ¿Cuál es la Tasa Máxima de Ganancias de Capital que le Corresponde? SI la ganancia neta de capital se deriva de . 1040ez tax return . 1040ez tax return . 1040ez tax return ENTONCES la  tasa máxima de  ganancia de capital es . 1040ez tax return . 1040ez tax return . 1040ez tax return una ganancia producto de artículos coleccionables 28% una ganancia, la cual reúne los requisitos, sobre acciones de pequeños negocios calificados menos la exclusión conforme a la sección 1202 28% una ganancia conforme a la sección 1250 no recuperada 25% otra ganancia1 y la tasa impositiva normal correspondiente es 39. 1040ez tax return 6% 20% otra ganancia1 y la tasa impositiva normal correspondiente es 25%, 28%, 33% o 35% 15% otra ganancia1 y la tasa impositiva normal correspondiente es 10% o 15% 0% 1 El término “otra ganancia” significa toda ganancia que no sea una ganancia procedente de artículos coleccionables, ganancia sobre acciones de pequeños negocios calificados o una ganancia conforme a la sección 1250 no recuperada. 1040ez tax return     Ganancia o pérdida procedente de artículos coleccionables. 1040ez tax return   Ésta es una ganancia o pérdida que se deriva de la venta o canje de una obra de arte, alfombra, antigüedad, metal (como oro, plata y platino en barras), piedra preciosa, estampilla o sello, moneda o bebida alcohólica que haya tenido más de 1 año. 1040ez tax return   Se considera que una ganancia procedente de artículos coleccionables abarca las ganancias resultantes de la venta de una participación en una sociedad colectiva, sociedad anónima de tipo S o fideicomiso, generadas por una plusvalía no realizada de dichos artículos coleccionables. 1040ez tax return Ganancia sobre acciones de pequeños negocios calificados. 1040ez tax return    Si obtuvo una ganancia de acciones de pequeños negocios calificados y fue dueño de dichas acciones durante más de 5 años, normalmente puede excluir de los ingresos una parte o la totalidad de su ganancia bajo la sección 1202. 1040ez tax return La ganancia que cumple los requisitos, menos la exclusión conforme a la sección 1202, es una ganancia con una tasa de 28%. 1040ez tax return Vea Gains on Qualified Small Business Stock (Ganancias de acciones de pequeños negocios calificados) en el capítulo 4 de la Publicación 550, en inglés. 1040ez tax return Ganancia conforme a la sección 1250 no recuperada. 1040ez tax return    Por lo general, ésta es toda parte de la ganancia de capital que se haya originado por la venta de bienes conforme a la sección 1250 (bienes raíces) debido a depreciación (pero no más que la ganancia neta conforme a la sección 1231) menos toda pérdida neta en el grupo del 28%. 1040ez tax return Use la Unrecaptured Section 1250 Gain Worksheet (Hoja de trabajo de ganancias no recuperadas conforme a la sección 1250) de las Instrucciones del Anexo D (Formulario 1040), en inglés, para calcular la ganancia no recuperada conforme a la sección 1250. 1040ez tax return Para más información sobre bienes conforme a la sección 1250 y ganancias conforme a la sección 1231, vea el capítulo 3 de la Publicación 544, en inglés. 1040ez tax return Cálculo de los impuestos a base de las tasas máximas de ganancias de capital. 1040ez tax return   Utilice la Qualified Dividends and Capital Gain Tax Worksheet (Hoja de trabajo para los impuestos sobre dividendos calificados y ganancias de capital) o la Schedule D Tax Worksheet (Hoja de trabajo para los impuestos del Anexo D), la que corresponda, para calcular su impuesto si ha recibido dividendos calificados o ganancia neta de capital. 1040ez tax return Tiene ganancia neta de capital si las cantidades de las líneas 15 y 16 del Anexo D ambas son ganancias. 1040ez tax return Hoja de trabajo para los impuestos del Anexo D. 1040ez tax return   Utilice la Schedule D Tax Worksheet (Hoja de trabajo para los impuestos del Anexo D) que se encuentra en las Instrucciones del Anexo D (Formulario 1040) para calcular el impuesto si se dan las siguientes condiciones: Tiene que presentar el Anexo D (Formulario 1040) y La cantidad de la línea 18 (ganancia a una tasa de 28%) o la línea 19 (ganancia no recuperada conforme a la sección 1250) del Anexo D (Formulario 1040) es mayor de cero. 1040ez tax return Hoja de trabajo para el impuesto sobre dividendos calificados y ganancias de capital. 1040ez tax return   Utilice la Qualified Dividends and Capital Gain Tax Worksheet (Hoja de trabajo para el impuesto sobre los dividendos calificados y ganancias de capital) de las instrucciones del Formulario 1040 o Formulario 1040A (el que presente) para calcular el impuesto si no tiene que utilizar la Hoja de trabajo para los impuestos del Anexo D (como se explica anteriormente) y corresponde cualquiera de los siguientes puntos: Recibió dividendos calificados. 1040ez tax return (Vea Dividendos Calificados en el capítulo 8). 1040ez tax return No tiene que presentar el Anexo D (Formulario 1040) y recibió distribuciones de ganancias de capital. 1040ez tax return (Vea Excepciones a la presentación del Formulario 8949 y el Anexo D (Formulario 1040) , anteriormente). 1040ez tax return Las cantidades de las líneas 15 y 16 del Anexo D (Formulario 1040) son mayores de cero. 1040ez tax return Impuesto mínimo alternativo. 1040ez tax return   Estas tasas de ganancias de capital se utilizan también para calcular el impuesto mínimo alternativo. 1040ez tax return Prev  Up  Next   Home   More Online Publications