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2010 Tax Form 1040x

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2010 Tax Form 1040x

2010 tax form 1040x Index Symbols 10% owners, Ten-percent owners. 2010 tax form 1040x 501(c) organizations, Foreign Governments and Certain Other Foreign Organizations 80/20 company, Dividends paid by a domestic corporation (an existing 80/20 company). 2010 tax form 1040x A Acceptance agent, Unexpected payment. 2010 tax form 1040x Accounts, offshore, Offshore accounts. 2010 tax form 1040x Alien Illegal, Illegal aliens. 2010 tax form 1040x Nonresident, Nonresident alien. 2010 tax form 1040x Resident, Resident alien. 2010 tax form 1040x Alimony, Pensions, Annuities, and Alimony (Income Code 14), Alimony payments. 2010 tax form 1040x Allocation information, Failure to provide allocation information. 2010 tax form 1040x American Samoa, U. 2010 tax form 1040x S. 2010 tax form 1040x Virgin Islands and American Samoa corporations. 2010 tax form 1040x Amount to withhold, Determination of amount to withhold. 2010 tax form 1040x Annuities, Pensions, Annuities, and Alimony (Income Code 14), Pensions and annuities. 2010 tax form 1040x Artists and athletes Earnings of, Artists and Athletes (Income Codes 42 and 43) Special events and promotions, Artists and Athletes (Income Codes 42 and 43) Assistance (see Tax help) Awards, Other Grants, Prizes, and Awards B Backup withholding, Withholding and Reporting Obligations, Primary NRA and Form 1099 responsibility assumed. 2010 tax form 1040x Banks, interest received by, Banks. 2010 tax form 1040x Beneficial owner, Beneficial Owners Bonds sold between interest dates, Sales of bonds between interest dates. 2010 tax form 1040x Branch profits tax, Corporation subject to branch profits tax. 2010 tax form 1040x C Canada, Exception 3. 2010 tax form 1040x , Deposit interest paid to nonresident alien individuals in 2012. 2010 tax form 1040x , Deposit interest paid to certain nonresident alien individuals in 2013. 2010 tax form 1040x Capital gains, Capital gains (Income Code 9). 2010 tax form 1040x Central withholding agreements, Income Code 43. 2010 tax form 1040x Consent dividends, Consent dividends. 2010 tax form 1040x , Consent dividends. 2010 tax form 1040x Contingent interest, Contingent interest. 2010 tax form 1040x Controlled foreign corporations, interest paid to, Controlled foreign corporations. 2010 tax form 1040x Controlling foreign corporations, Interest paid to controlling foreign corporations (Income Code 3). 2010 tax form 1040x Covenant not to compete, Covenant not to compete. 2010 tax form 1040x Crew members, Crew members. 2010 tax form 1040x D Dependent personal services, Pay for dependent personal services (Income Code 17). 2010 tax form 1040x Allowance for personal exemptions, Withholding exemptions. 2010 tax form 1040x Defined, Pay for dependent personal services (Income Code 17). 2010 tax form 1040x Exempt from withholding, Graduated rates. 2010 tax form 1040x Depositing taxes How to, Depositing Withheld Taxes When to, When Deposits Are Required Deposits, Interest on deposits (Income Code 29). 2010 tax form 1040x Disregarded entities, Disregarded entities. 2010 tax form 1040x Dividends Direct dividend rate, Dividends qualifying for direct dividend rate (Income Code 7). 2010 tax form 1040x Domestic corporation, Dividends paid by a domestic corporation (an existing 80/20 company). 2010 tax form 1040x Foreign corporations, Dividends paid by foreign corporations (Income Code 8). 2010 tax form 1040x In general, Dividends Documentary evidence, Documentary evidence. 2010 tax form 1040x , Documentary Evidence, Documentary evidence. 2010 tax form 1040x Documentation From foreign beneficial owners and U. 2010 tax form 1040x S. 2010 tax form 1040x payees, Documentation From foreign intermediaries and foreign flow-through entities, Foreign Intermediaries and Foreign Flow-Through Entities Presumptions in the absence of, Presumption Rules Qualified intermediaries, Documentation. 2010 tax form 1040x E Effectively connected income, Effectively Connected Income Defined, Effectively Connected Income Foreign partners, Partnership Withholding on Effectively Connected Income EFTPS, Electronic deposit requirement. 2010 tax form 1040x Electronic deposit rules, Electronic deposit requirement. 2010 tax form 1040x Employees, Employees. 2010 tax form 1040x , Employee. 2010 tax form 1040x Employer, Employer. 2010 tax form 1040x F Federal unemployment tax, Federal unemployment tax (FUTA). 2010 tax form 1040x Fellowship grants, Scholarships and Fellowship Grants (Income Code 15) Fellowship income, Scholarships, fellowships, and grants. 2010 tax form 1040x Financial institutions, Branches of financial institutions. 2010 tax form 1040x FIRPTA withholding, U. 2010 tax form 1040x S. 2010 tax form 1040x real property interest. 2010 tax form 1040x , U. 2010 tax form 1040x S. 2010 tax form 1040x Real Property Interest Fiscally transparent entity, Fiscally transparent entity. 2010 tax form 1040x Fixed or determinable annual or periodic income, Fixed or Determinable Annual or Periodical Income (FDAP) Flow-through entities, Flow-Through Entities, Nonqualified Intermediaries Foreign, Foreign partner. 2010 tax form 1040x 501(c) organizations, Foreign Governments and Certain Other Foreign Organizations Bank, U. 2010 tax form 1040x S. 2010 tax form 1040x branches of foreign banks and foreign insurance companies. 2010 tax form 1040x , Income paid to U. 2010 tax form 1040x S. 2010 tax form 1040x branch of foreign bank or insurance company. 2010 tax form 1040x Charitable organizations, Other foreign organizations, associations, and charitable institutions. 2010 tax form 1040x Corporations, Foreign corporations. 2010 tax form 1040x Governments, Foreign Governments and Certain Other Foreign Organizations Insurance company, U. 2010 tax form 1040x S. 2010 tax form 1040x branches of foreign banks and foreign insurance companies. 2010 tax form 1040x , Income paid to U. 2010 tax form 1040x S. 2010 tax form 1040x branch of foreign bank or insurance company. 2010 tax form 1040x Intermediary, Foreign Intermediaries Organizations and associations, Other foreign organizations, associations, and charitable institutions. 2010 tax form 1040x Partner, Who Must Withhold Partnerships, nonwithholding, Foreign partnerships. 2010 tax form 1040x Person, Foreign Persons Private foundation, Foreign private foundations. 2010 tax form 1040x , Foreign Governments and Certain Other Foreign Organizations Status, Establishment of foreign status. 2010 tax form 1040x Trusts, Foreign simple and grantor trust. 2010 tax form 1040x Form 1042, Withholding and Reporting Obligations, Form 1042 filing. 2010 tax form 1040x , Responsibilities of WT. 2010 tax form 1040x , Form 1042. 2010 tax form 1040x 1042-S, Withholding and Reporting Obligations, Form 1042-S reporting. 2010 tax form 1040x , Form 1042-S reporting. 2010 tax form 1040x , Form 1042 filing. 2010 tax form 1040x , Form 1042-S. 2010 tax form 1040x 1099, Withholding and Reporting Obligations, Primary NRA and Form 1099 responsibility assumed. 2010 tax form 1040x 1099-S, Form 1099-S, Proceeds From Real Estate Transactions. 2010 tax form 1040x 4419, Electronic reporting. 2010 tax form 1040x 7004, Extension to file Form 1042. 2010 tax form 1040x 8233, Form 8233, Exemption From Withholding on Compensation for Independent (and Certain Dependent) Personal Services of a Nonresident Alien Individual. 2010 tax form 1040x 8288, Reporting and Paying the Tax, Form 8288, U. 2010 tax form 1040x S. 2010 tax form 1040x Withholding Tax Return for Dispositions by Foreign Persons of U. 2010 tax form 1040x S. 2010 tax form 1040x Real Property Interests. 2010 tax form 1040x 8288-A, Reporting and Paying the Tax, Form 8288-A, Statement of Withholding on Dispositions by Foreign Persons of U. 2010 tax form 1040x S. 2010 tax form 1040x Real Property Interests. 2010 tax form 1040x 8288-B, Categories (1), (2), and (3). 2010 tax form 1040x 8804, Form 8804, Annual Return for Partnership Withholding Tax (Section 1446). 2010 tax form 1040x 8805, Form 8805, Foreign Partner's Information Statement of Section 1446 Withholding Tax. 2010 tax form 1040x 8813, Form 8813, Partnership Withholding Tax Payment Voucher (Section 1446). 2010 tax form 1040x 8833, Claiming treaty benefits. 2010 tax form 1040x 940, Federal unemployment tax (FUTA). 2010 tax form 1040x 941, Reporting requirements for wages and withheld taxes paid to nonresident aliens. 2010 tax form 1040x 972, Consent dividends. 2010 tax form 1040x SS-4, U. 2010 tax form 1040x S. 2010 tax form 1040x Taxpayer Identification Numbers SS-5, U. 2010 tax form 1040x S. 2010 tax form 1040x Taxpayer Identification Numbers W-2, Reporting requirements for wages and withheld taxes paid to nonresident aliens. 2010 tax form 1040x , Form W-2. 2010 tax form 1040x W-4, Alternate withholding procedure. 2010 tax form 1040x , Form W-4, Employee's Withholding Allowance Certificate. 2010 tax form 1040x , Withholding exemptions. 2010 tax form 1040x , Special instructions for Form W-4. 2010 tax form 1040x W-7, U. 2010 tax form 1040x S. 2010 tax form 1040x Taxpayer Identification Numbers W-8BEN, Beneficial Owners W-8ECI, Documentary evidence. 2010 tax form 1040x W-8EXP, Form W-8ECI, Certificate of Foreign Person's Claim That Income Is Effectively Connected With the Conduct of a Trade or Business in the United States. 2010 tax form 1040x W-8IMY, Foreign Intermediaries and Foreign Flow-Through Entities W-9, U. 2010 tax form 1040x S. 2010 tax form 1040x Taxpayer Identification Numbers Free tax services, How To Get Tax Help FUTA, Federal unemployment tax (FUTA). 2010 tax form 1040x G Gambling winnings, Gambling winnings (Income Code 28). 2010 tax form 1040x Graduated rates, Graduated rates. 2010 tax form 1040x Graduated withholding, Wages Paid to Employees— Graduated Withholding Grant income, Scholarships, fellowships, and grants. 2010 tax form 1040x Grants, Scholarships and Fellowship Grants (Income Code 15), Other Grants, Prizes, and Awards Green card test, Resident alien. 2010 tax form 1040x Guam, Guam or Northern Mariana Islands corporations. 2010 tax form 1040x H Help (see Tax help) I Identification number, taxpayer, U. 2010 tax form 1040x S. 2010 tax form 1040x Taxpayer Identification Numbers, Identification numbers. 2010 tax form 1040x Illegal aliens, Illegal aliens. 2010 tax form 1040x Important reminders, Reminders Income Fixed or determinable annual or periodical, Fixed or Determinable Annual or Periodical Income (FDAP) Interest, Interest Notional principal contract, Notional principal contract income. 2010 tax form 1040x Other than effectively connected, Income Not Effectively Connected Personal service, Personal service income. 2010 tax form 1040x Source of, Source of Income Transportation, Transportation income. 2010 tax form 1040x Income code 01, Interest paid by U. 2010 tax form 1040x S. 2010 tax form 1040x obligors—general (Income Code 1). 2010 tax form 1040x 02, Interest on real property mortgages (Income Code 2). 2010 tax form 1040x 03, Interest paid to controlling foreign corporations (Income Code 3). 2010 tax form 1040x 04, Interest paid by foreign corporations (Income Code 4). 2010 tax form 1040x 06, Dividends paid by U. 2010 tax form 1040x S. 2010 tax form 1040x corporations — general (Income Code 6). 2010 tax form 1040x 07, Dividends qualifying for direct dividend rate (Income Code 7). 2010 tax form 1040x 08, Dividends paid by foreign corporations (Income Code 8). 2010 tax form 1040x 09, Capital gains (Income Code 9). 2010 tax form 1040x 10, Industrial royalties (Income Code 10). 2010 tax form 1040x 11, Motion picture or television copyright royalties (Income Code 11). 2010 tax form 1040x 12, Other royalties (for example, copyright, recording, publishing) (Income Code 12). 2010 tax form 1040x 13, Real Property Income and Natural Resources Royalties (Income Code 13) 14, Pensions, Annuities, and Alimony (Income Code 14) 15, Scholarships and Fellowship Grants (Income Code 15) 16, Pay for independent personal services (Income Code 16). 2010 tax form 1040x 17, Pay for dependent personal services (Income Code 17). 2010 tax form 1040x 18, Pay for teaching (Income Code 18). 2010 tax form 1040x 19, Pay during studying and training (Income Code 19). 2010 tax form 1040x 20, Artists and Athletes (Income Codes 42 and 43) 24, Reporting and Paying the Tax 25, Reporting and Paying the Tax 26, Reporting and Paying the Tax 27, Publicly Traded Partnerships 28, Gambling winnings (Income Code 28). 2010 tax form 1040x 29, Interest on deposits (Income Code 29). 2010 tax form 1040x 30, Original issue discount (Income Code 30). 2010 tax form 1040x 50, Other income (Income Code 50). 2010 tax form 1040x Independent personal services Defined, Pay for independent personal services (Income Code 16). 2010 tax form 1040x Exempt from withholding, Pay for independent personal services (Income Code 16). 2010 tax form 1040x , 30% rate. 2010 tax form 1040x India, Students and business apprentices from India. 2010 tax form 1040x Indirect account holders, Indirect Account Holders Installment payment, Installment payments. 2010 tax form 1040x , Installment payments. 2010 tax form 1040x Insurance proceeds, Insurance proceeds. 2010 tax form 1040x Interest Contingent, Contingent interest. 2010 tax form 1040x Controlling foreign corporations, Interest paid to controlling foreign corporations (Income Code 3). 2010 tax form 1040x Deposits, Interest on deposits (Income Code 29). 2010 tax form 1040x Foreign business arrangements, Interest from foreign business arrangements. 2010 tax form 1040x Foreign corporations, Interest paid by foreign corporations (Income Code 4). 2010 tax form 1040x Income, Interest Portfolio, Portfolio interest. 2010 tax form 1040x , Interest that does not qualify as portfolio interest. 2010 tax form 1040x Real property mortgages, Interest on real property mortgages (Income Code 2). 2010 tax form 1040x Intermediary Foreign, Foreign Intermediaries Nonqualified, Nonqualified intermediary. 2010 tax form 1040x Qualified, Qualified intermediary. 2010 tax form 1040x , Qualified Intermediaries International organizations, Foreign Governments and Certain Other Foreign Organizations ITIN, U. 2010 tax form 1040x S. 2010 tax form 1040x Taxpayer Identification Numbers K Knowledge, standards of, Standards of Knowledge L Liability of withholding agent, Liability for tax. 2010 tax form 1040x M Magnetic media reporting, Electronic reporting. 2010 tax form 1040x Marketable securities, Marketable securities. 2010 tax form 1040x Mexico, Exception 3. 2010 tax form 1040x Missing children, Reminders More information (see Tax help) Mortgages, Interest on real property mortgages (Income Code 2). 2010 tax form 1040x N Non-registered obligations, Obligations not in registered form. 2010 tax form 1040x Nonqualified intermediary, Nonqualified intermediary. 2010 tax form 1040x , Nonqualified Intermediaries Nonresident alien Defined, Nonresident alien. 2010 tax form 1040x Married to U. 2010 tax form 1040x S. 2010 tax form 1040x citizen or resident, Married to U. 2010 tax form 1040x S. 2010 tax form 1040x citizen or resident alien. 2010 tax form 1040x Nonwage pay, Pay that is not wages. 2010 tax form 1040x Northern Mariana Islands, Guam or Northern Mariana Islands corporations. 2010 tax form 1040x Notional principal contract income, Notional principal contract income. 2010 tax form 1040x NRA withholding In general, Withholding of Tax Income subject to, Income Subject to NRA Withholding Persons subject to, Persons Subject to NRA Withholding O Obligations Registered, Obligations in registered form. 2010 tax form 1040x Obligations: Not in registered form, Obligations not in registered form. 2010 tax form 1040x Offshore accounts, Offshore accounts. 2010 tax form 1040x Original issue discount, Original issue discount (Income Code 30). 2010 tax form 1040x Overwithholding, adjustment for, Adjustment for Overwithholding P Partner, Foreign partner. 2010 tax form 1040x Partner, foreign, Who Must Withhold Partnerships Effectively connected income of foreign partners, Partnership Withholding on Effectively Connected Income Foreign, Foreign partnerships. 2010 tax form 1040x Publicly traded, Publicly Traded Partnerships Smaller, Smaller partnerships and trusts. 2010 tax form 1040x , Smaller partnerships and trusts. 2010 tax form 1040x , Smaller partnerships and trusts. 2010 tax form 1040x Withholding foreign, Withholding foreign partnership and foreign trust. 2010 tax form 1040x , Withholding Foreign Partnerships Pay for personal services Artists and athletes, Artists and Athletes (Income Codes 42 and 43) Dependent personal services, Pay for dependent personal services (Income Code 17). 2010 tax form 1040x Employees, Wages Paid to Employees— Graduated Withholding Exempt from withholding, Pay for Personal Services Performed Independent personal services, Pay for independent personal services (Income Code 16). 2010 tax form 1040x Salaries and wages, Wages Paid to Employees— Graduated Withholding Scholarship or fellowship recipient, Pay for services rendered. 2010 tax form 1040x Studying, Pay during studying and training (Income Code 19). 2010 tax form 1040x Teaching, Pay for teaching (Income Code 18). 2010 tax form 1040x Training, Pay during studying and training (Income Code 19). 2010 tax form 1040x Payee, Identifying the Payee Penalties Deposit, Penalty for failure to make deposits on time. 2010 tax form 1040x Form 1042, Penalties Form 8804, Penalties. 2010 tax form 1040x Form 8805, Penalties. 2010 tax form 1040x Magnetic media, Failure to file electronically. 2010 tax form 1040x Trust fund recovery, Trust fund recovery penalty. 2010 tax form 1040x Pensions, Pension payments. 2010 tax form 1040x , Pensions, Annuities, and Alimony (Income Code 14), Pensions and annuities. 2010 tax form 1040x Per diem, Per diem paid by the U. 2010 tax form 1040x S. 2010 tax form 1040x Government. 2010 tax form 1040x Personal service income, Personal service income. 2010 tax form 1040x Pooled withholding information, Pooled withholding information. 2010 tax form 1040x Portfolio interest, Portfolio interest. 2010 tax form 1040x , Interest that does not qualify as portfolio interest. 2010 tax form 1040x Presumption Corporation, Presumption Rules Individual, Presumption Rules Partnership, Presumption Rules Rules, Presumption Rules Trust, Presumption Rules Private foundation, foreign, Foreign private foundations. 2010 tax form 1040x Prizes, Other Grants, Prizes, and Awards Publications (see Tax help) Puerto Rico, Resident of a U. 2010 tax form 1040x S. 2010 tax form 1040x possession. 2010 tax form 1040x , Exception 4. 2010 tax form 1040x Q QI withholding agreement, QI withholding agreement. 2010 tax form 1040x Qualified intermediary, Qualified intermediary. 2010 tax form 1040x , Qualified Intermediaries Qualified investment entity (QIE) Distributions paid by, Qualified investment entities. 2010 tax form 1040x Dividends paid by, Dividends paid by U. 2010 tax form 1040x S. 2010 tax form 1040x corporations — general (Income Code 6). 2010 tax form 1040x R Racing purses, Racing purses. 2010 tax form 1040x Real property interest Disposition of, U. 2010 tax form 1040x S. 2010 tax form 1040x Real Property Interest Withholding certificates, Withholding Certificates Reason to know, Reason To Know Refund procedures Qualified intermediaries, Collective refund procedures. 2010 tax form 1040x Registered obligations, Obligations in registered form. 2010 tax form 1040x Researchers, Tax treaties. 2010 tax form 1040x Resident alien defined, Resident alien. 2010 tax form 1040x Returns required, Returns Required Royalties, Royalties, Real Property Income and Natural Resources Royalties (Income Code 13) Ryukyu Islands, Income from U. 2010 tax form 1040x S. 2010 tax form 1040x Savings Bonds of residents of the Ryukyu Islands or the Trust Territory of the Pacific Islands. 2010 tax form 1040x S Salaries, Wages Paid to Employees— Graduated Withholding Saving clause, Nonresident alien who becomes a resident alien. 2010 tax form 1040x Scholarship, Scholarships, fellowships, and grants. 2010 tax form 1040x , Scholarships and Fellowship Grants (Income Code 15) Securities, Marketable securities. 2010 tax form 1040x , Income from securities. 2010 tax form 1040x Services performed outside the U. 2010 tax form 1040x S. 2010 tax form 1040x , Services performed outside the United States. 2010 tax form 1040x Short-term obligation, Short-term obligations. 2010 tax form 1040x Social security, Social security and Medicare tax. 2010 tax form 1040x Source of income, Source of Income Standards of knowledge, Standards of Knowledge Substantial presence test, Resident alien. 2010 tax form 1040x T Tax Reporting and paying, Reporting and Paying the Tax Tax help, How To Get Tax Help Tax treaties Claiming benefits, Claiming treaty benefits. 2010 tax form 1040x Dependent personal services, Tax treaties. 2010 tax form 1040x Entertainers and athletes, Tax treaties. 2010 tax form 1040x Gains, Tax treaties. 2010 tax form 1040x Gambling winnings, Tax treaties. 2010 tax form 1040x Independent personal services, Tax treaties. 2010 tax form 1040x Student, Tax treaties. 2010 tax form 1040x Students and trainees, Tax treaties. 2010 tax form 1040x Tables, Tax Treaty Tables Teaching, Tax treaties. 2010 tax form 1040x Tax-exempt entities, Foreign Governments and Certain Other Foreign Organizations Taxpayer Advocate, Taxpayer Advocate Service. 2010 tax form 1040x Taxpayer identification number (TIN), U. 2010 tax form 1040x S. 2010 tax form 1040x Taxpayer Identification Numbers, Identification numbers. 2010 tax form 1040x Exceptions, Exceptions to TIN requirement. 2010 tax form 1040x Teachers, Pay for teaching (Income Code 18). 2010 tax form 1040x Ten-percent owners, Ten-percent owners. 2010 tax form 1040x Territorial limits, Territorial limits. 2010 tax form 1040x Totalization agreements, Social security and Medicare tax. 2010 tax form 1040x Transportation income, Transportation income. 2010 tax form 1040x Travel expenses, Travel expenses. 2010 tax form 1040x Trust Territory of the Pacific Islands, Income from U. 2010 tax form 1040x S. 2010 tax form 1040x Savings Bonds of residents of the Ryukyu Islands or the Trust Territory of the Pacific Islands. 2010 tax form 1040x Trusts Foreign, Foreign simple and grantor trust. 2010 tax form 1040x Smaller, Smaller partnerships and trusts. 2010 tax form 1040x Withholding foreign, Withholding foreign partnership and foreign trust. 2010 tax form 1040x , Withholding Foreign Trusts TTY/TDD information, How To Get Tax Help U U. 2010 tax form 1040x S. 2010 tax form 1040x agent of foreign person, U. 2010 tax form 1040x S. 2010 tax form 1040x agent of foreign person. 2010 tax form 1040x U. 2010 tax form 1040x S. 2010 tax form 1040x branch Foreign bank, U. 2010 tax form 1040x S. 2010 tax form 1040x branches of foreign banks and foreign insurance companies. 2010 tax form 1040x , Income paid to U. 2010 tax form 1040x S. 2010 tax form 1040x branch of foreign bank or insurance company. 2010 tax form 1040x Foreign insurance company, U. 2010 tax form 1040x S. 2010 tax form 1040x branches of foreign banks and foreign insurance companies. 2010 tax form 1040x , Income paid to U. 2010 tax form 1040x S. 2010 tax form 1040x branch of foreign bank or insurance company. 2010 tax form 1040x Foreign person, U. 2010 tax form 1040x S. 2010 tax form 1040x branches of foreign persons. 2010 tax form 1040x U. 2010 tax form 1040x S. 2010 tax form 1040x national, 30% rate. 2010 tax form 1040x U. 2010 tax form 1040x S. 2010 tax form 1040x real property interest, U. 2010 tax form 1040x S. 2010 tax form 1040x real property interest. 2010 tax form 1040x U. 2010 tax form 1040x S. 2010 tax form 1040x savings bonds, Income from U. 2010 tax form 1040x S. 2010 tax form 1040x Savings Bonds of residents of the Ryukyu Islands or the Trust Territory of the Pacific Islands. 2010 tax form 1040x U. 2010 tax form 1040x S. 2010 tax form 1040x territorial limits, Territorial limits. 2010 tax form 1040x U. 2010 tax form 1040x S. 2010 tax form 1040x Virgin Islands, U. 2010 tax form 1040x S. 2010 tax form 1040x Virgin Islands and American Samoa corporations. 2010 tax form 1040x Unexpected payment, Unexpected payment. 2010 tax form 1040x W Wages Paid to employees, Wages Paid to Employees— Graduated Withholding Pay that is not, Pay that is not wages. 2010 tax form 1040x When to withhold, When to withhold. 2010 tax form 1040x Withhold, amount to, Determination of amount to withhold. 2010 tax form 1040x Withhold, when to, When to withhold. 2010 tax form 1040x Withholding Agreements, QI withholding agreement. 2010 tax form 1040x , WP and WT withholding agreements. 2010 tax form 1040x , Withholding agreements. 2010 tax form 1040x , Income Code 43. 2010 tax form 1040x Alternative procedure, Alternative procedure. 2010 tax form 1040x Certificate, Withholding Certificates, Withholding certificate. 2010 tax form 1040x Rate pool, Pooled withholding information. 2010 tax form 1040x Real property, U. 2010 tax form 1040x S. 2010 tax form 1040x Real Property Interest Withholding agent Defined, Withholding Agent Liability, Liability for tax. 2010 tax form 1040x Returns required, Returns Required Tax deposit requirements, Depositing Withheld Taxes Withholding exemptions and reductions Dependent personal services, Graduated rates. 2010 tax form 1040x Exemption, Withholding exemption. 2010 tax form 1040x Final payment exemption, Final payment exemption. 2010 tax form 1040x Foreign governments, Foreign Governments and Certain Other Foreign Organizations International organizations, Foreign Governments and Certain Other Foreign Organizations Real property interest, Withholding Certificates Researchers, Tax treaties. 2010 tax form 1040x Scholarships and fellowship grants, Alternate withholding procedure. 2010 tax form 1040x Students, Tax treaties. 2010 tax form 1040x Withholding agreements, Withholding agreements. 2010 tax form 1040x , Income Code 43. 2010 tax form 1040x Prev  Up     Home   More Online Publications
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SOI Tax Stats - Controlled Foreign Corporations

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  • Data are taken from Form 5471 - Information Return of U.S. Persons With Respect to Certain Foreign Corporations.
  • For U.S. income tax purposes, a foreign corporation is "controlled" if U.S. shareholders own more than 50% of its outstanding voting stock.
  • Data are also available for the One-Time Dividend Received Deduction reported on Form 8895.

Statistical Tables     SOI Bulletin Articles     Metadata   
 


Statistical Tables

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U.S. Corporations and Their Controlled Foreign Corporations
     Data Presented: Number, Assets, Receipts, Earnings, Taxes, Distributions, Subpart F Income, and Related Party Transactions
     Classified by: Selected NAICS Industrial Sector*
     Tax Years: 2008     2006     2004   
 
     Classified by: Selected Country of Incorporation
     Tax Years: 2008     2006     2004   
 
     Classified by: Selected Country of Incorporation and NAICS Industrial Sector*
     Tax Years: 2008     2006     2004   
 
U.S. Corporations with Total Assets of $500 Million or More and Their 7,500 Largest Controlled Foreign Corporations
     Data Presented: Number, Assets, Receipts, Earnings, Taxes, Distributions, and Subpart F Income
     Classified by: Selected NAICS Industrial Sector*
     Tax Years: 2002   2000   1998   1996   1994   1992   1988
 
     Classified by: Selected Country of Incorporation
     Tax Years: 2002   2000   1998   1996   1994   1992   1988
 
     Classified by: Selected Country of Incorporation and NAICS Industrial Sector*
     Tax Years: 2002   2000   1998   1996   1994   1988


 

U.S. Corporations with Total Assets of $500 Million or More and Their 7,500 Largest Controlled Foreign Corporations
     Data Presented: Number, Assets, Receipts, and Earnings, Standard Industrial Classification (SIC) and North American Industry Classification System (NAICS)
     Classified by: Selected NAICS Industrial Sector
     Tax Year: 1998


*Note:  For Tax Years prior to 1998, industry data are presented by Standard Industry Classification (SIC).  Industry data for Tax Years 1998 to present are presented by North American Industry Classification System (NAICS)


SOI Bulletin Articles

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Page Last Reviewed or Updated: 15-Jan-2014

The 2010 Tax Form 1040x

2010 tax form 1040x 5. 2010 tax form 1040x   Personal Use of Dwelling Unit (Including Vacation Home) Table of Contents Dividing Expenses Dwelling Unit Used as a HomeMain home. 2010 tax form 1040x Shared equity financing agreement. 2010 tax form 1040x Donation of use of the property. 2010 tax form 1040x Examples. 2010 tax form 1040x Days used for repairs and maintenance. 2010 tax form 1040x Days used as a main home before or after renting. 2010 tax form 1040x Reporting Income and DeductionsNot used as a home. 2010 tax form 1040x Used as a home but rented less than 15 days. 2010 tax form 1040x Used as a home and rented 15 days or more. 2010 tax form 1040x If you have any personal use of a dwelling unit (including a vacation home) that you rent, you must divide your expenses between rental use and personal use. 2010 tax form 1040x In general, your rental expenses will be no more than your total expenses multiplied by a fraction; the denominator of which is the total number of days the dwelling unit is used and the numerator of which is the total number of days actually rented at a fair rental price. 2010 tax form 1040x Only your rental expenses may deducted on Schedule E (Form 1040). 2010 tax form 1040x Some of your personal expenses may be deductible if you itemize your deductions on Schedule A (Form 1040). 2010 tax form 1040x You must also determine if the dwelling unit is considered a home. 2010 tax form 1040x The amount of rental expenses that you can deduct may be limited if the dwelling unit is considered a home. 2010 tax form 1040x Whether a dwelling unit is considered a home depends on how many days during the year are considered to be days of personal use. 2010 tax form 1040x There is a special rule if you used the dwelling unit as a home and you rented it for less than 15 days during the year. 2010 tax form 1040x Dwelling unit. 2010 tax form 1040x   A dwelling unit includes a house, apartment, condominium, mobile home, boat, vacation home, or similar property. 2010 tax form 1040x It also includes all structures or other property belonging to the dwelling unit. 2010 tax form 1040x A dwelling unit has basic living accommodations, such as sleeping space, a toilet, and cooking facilities. 2010 tax form 1040x   A dwelling unit does not include property (or part of the property) used solely as a hotel, motel, inn, or similar establishment. 2010 tax form 1040x Property is used solely as a hotel, motel, inn, or similar establishment if it is regularly available for occupancy by paying customers and is not used by an owner as a home during the year. 2010 tax form 1040x Example. 2010 tax form 1040x You rent a room in your home that is always available for short-term occupancy by paying customers. 2010 tax form 1040x You do not use the room yourself and you allow only paying customers to use the room. 2010 tax form 1040x This room is used solely as a hotel, motel, inn, or similar establishment and is not a dwelling unit. 2010 tax form 1040x Dividing Expenses If you use a dwelling unit for both rental and personal purposes, divide your expenses between the rental use and the personal use based on the number of days used for each purpose. 2010 tax form 1040x When dividing your expenses, follow these rules. 2010 tax form 1040x Any day that the unit is rented at a fair rental price is a day of rental use even if you used the unit for personal purposes that day. 2010 tax form 1040x (This rule does not apply when determining whether you used the unit as a home. 2010 tax form 1040x ) Any day that the unit is available for rent but not actually rented is not a day of rental use. 2010 tax form 1040x Fair rental price. 2010 tax form 1040x   A fair rental price for your property generally is the amount of rent that a person who is not related to you would be willing to pay. 2010 tax form 1040x The rent you charge is not a fair rental price if it is substantially less than the rents charged for other properties that are similar to your property in your area. 2010 tax form 1040x   Ask yourself the following questions when comparing another property with yours. 2010 tax form 1040x Is it used for the same purpose? Is it approximately the same size? Is it in approximately the same condition? Does it have similar furnishings? Is it in a similar location? If any of the answers are no, the properties probably are not similar. 2010 tax form 1040x Example. 2010 tax form 1040x Your beach cottage was available for rent from June 1 through August 31 (92 days). 2010 tax form 1040x Except for the first week in August (7 days), when you were unable to find a renter, you rented the cottage at a fair rental price during that time. 2010 tax form 1040x The person who rented the cottage for July allowed you to use it over the weekend (2 days) without any reduction in or refund of rent. 2010 tax form 1040x Your family also used the cottage during the last 2 weeks of May (14 days). 2010 tax form 1040x The cottage was not used at all before May 17 or after August 31. 2010 tax form 1040x You figure the part of the cottage expenses to treat as rental expenses as follows. 2010 tax form 1040x The cottage was used for rental a total of 85 days (92 − 7). 2010 tax form 1040x The days it was available for rent but not rented (7 days) are not days of rental use. 2010 tax form 1040x The July weekend (2 days) you used it is rental use because you received a fair rental price for the weekend. 2010 tax form 1040x You used the cottage for personal purposes for 14 days (the last 2 weeks in May). 2010 tax form 1040x The total use of the cottage was 99 days (14 days personal use + 85 days rental use). 2010 tax form 1040x Your rental expenses are 85/99 (86%) of the cottage expenses. 2010 tax form 1040x Note. 2010 tax form 1040x When determining whether you used the cottage as a home, the July weekend (2 days) you used it is considered personal use even though you received a fair rental price for the weekend. 2010 tax form 1040x Therefore, you had 16 days of personal use and 83 days of rental use for this purpose. 2010 tax form 1040x Because you used the cottage for personal purposes more than 14 days and more than 10% of the days of rental use (8 days), you used it as a home. 2010 tax form 1040x If you have a net loss, you may not be able to deduct all of the rental expenses. 2010 tax form 1040x See Dwelling Unit Used as a Home, next. 2010 tax form 1040x Dwelling Unit Used as a Home If you use a dwelling unit for both rental and personal purposes, the tax treatment of the rental expenses you figured earlier under Dividing Expenses and rental income depends on whether you are considered to be using the dwelling unit as a home. 2010 tax form 1040x You use a dwelling unit as a home during the tax year if you use it for personal purposes more than the greater of: 14 days, or 10% of the total days it is rented to others at a fair rental price. 2010 tax form 1040x See What is a day of personal use , later. 2010 tax form 1040x If a dwelling unit is used for personal purposes on a day it is rented at a fair rental price (discussed earlier), do not count that day as a day of rental use in applying (2) above. 2010 tax form 1040x Instead, count it as a day of personal use in applying both (1) and (2) above. 2010 tax form 1040x What is a day of personal use?   A day of personal use of a dwelling unit is any day that the unit is used by any of the following persons. 2010 tax form 1040x You or any other person who owns an interest in it, unless you rent it to another owner as his or her main home under a shared equity financing agreement (defined later). 2010 tax form 1040x However, see Days used as a main home before or after renting , later. 2010 tax form 1040x A member of your family or a member of the family of any other person who owns an interest in it, unless the family member uses the dwelling unit as his or her main home and pays a fair rental price. 2010 tax form 1040x Family includes only your spouse, brothers and sisters, half-brothers and half-sisters, ancestors (parents, grandparents, etc. 2010 tax form 1040x ), and lineal descendants (children, grandchildren, etc. 2010 tax form 1040x ). 2010 tax form 1040x Anyone under an arrangement that lets you use some other dwelling unit. 2010 tax form 1040x Anyone at less than a fair rental price. 2010 tax form 1040x Main home. 2010 tax form 1040x   If the other person or member of the family in (1) or (2) above has more than one home, his or her main home is ordinarily the one he or she lived in most of the time. 2010 tax form 1040x Shared equity financing agreement. 2010 tax form 1040x   This is an agreement under which two or more persons acquire undivided interests for more than 50 years in an entire dwelling unit, including the land, and one or more of the co-owners is entitled to occupy the unit as his or her main home upon payment of rent to the other co-owner or owners. 2010 tax form 1040x Donation of use of the property. 2010 tax form 1040x   You use a dwelling unit for personal purposes if: You donate the use of the unit to a charitable organization, The organization sells the use of the unit at a fund-raising event, and The “purchaser” uses the unit. 2010 tax form 1040x Examples. 2010 tax form 1040x   The following examples show how to determine if you have days of personal use. 2010 tax form 1040x Example 1. 2010 tax form 1040x You and your neighbor are co-owners of a condominium at the beach. 2010 tax form 1040x Last year, you rented the unit to vacationers whenever possible. 2010 tax form 1040x The unit was not used as a main home by anyone. 2010 tax form 1040x Your neighbor used the unit for 2 weeks last year; you did not use it at all. 2010 tax form 1040x Because your neighbor has an interest in the unit, both of you are considered to have used the unit for personal purposes during those 2 weeks. 2010 tax form 1040x Example 2. 2010 tax form 1040x You and your neighbors are co-owners of a house under a shared equity financing agreement. 2010 tax form 1040x Your neighbors live in the house and pay you a fair rental price. 2010 tax form 1040x Even though your neighbors have an interest in the house, the days your neighbors live there are not counted as days of personal use by you. 2010 tax form 1040x This is because your neighbors rent the house as their main home under a shared equity financing agreement. 2010 tax form 1040x Example 3. 2010 tax form 1040x You own a rental property that you rent to your son. 2010 tax form 1040x Your son does not own any interest in this property. 2010 tax form 1040x He uses it as his main home and pays you a fair rental price. 2010 tax form 1040x Your son's use of the property is not personal use by you because your son is using it as his main home, he owns no interest in the property, and he is paying you a fair rental price. 2010 tax form 1040x Example 4. 2010 tax form 1040x You rent your beach house to Rosa. 2010 tax form 1040x Rosa rents her cabin in the mountains to you. 2010 tax form 1040x You each pay a fair rental price. 2010 tax form 1040x You are using your beach house for personal purposes on the days that Rosa uses it because your house is used by Rosa under an arrangement that allows you to use her cabin. 2010 tax form 1040x Example 5. 2010 tax form 1040x You rent an apartment to your mother at less than a fair rental price. 2010 tax form 1040x You are using the apartment for personal purposes on the days that your mother rents it because you rent it for less than a fair rental price. 2010 tax form 1040x Days used for repairs and maintenance. 2010 tax form 1040x   Any day that you spend working substantially full time repairing and maintaining (not improving) your property is not counted as a day of personal use. 2010 tax form 1040x Do not count such a day as a day of personal use even if family members use the property for recreational purposes on the same day. 2010 tax form 1040x Example. 2010 tax form 1040x Corey owns a cabin in the mountains that he rents for most of the year. 2010 tax form 1040x He spends a week at the cabin with family members. 2010 tax form 1040x Corey works on maintenance of the cabin 3 or 4 hours each day during the week and spends the rest of the time fishing, hiking, and relaxing. 2010 tax form 1040x Corey's family members, however, work substantially full time on the cabin each day during the week. 2010 tax form 1040x The main purpose of being at the cabin that week is to do maintenance work. 2010 tax form 1040x Therefore, the use of the cabin during the week by Corey and his family will not be considered personal use by Corey. 2010 tax form 1040x Days used as a main home before or after renting. 2010 tax form 1040x   For purposes of determining whether a dwelling unit was used as a home, you may not have to count days you used the property as your main home before or after renting it or offering it for rent as days of personal use. 2010 tax form 1040x Do not count them as days of personal use if: You rented or tried to rent the property for 12 or more consecutive months. 2010 tax form 1040x You rented or tried to rent the property for a period of less than 12 consecutive months and the period ended because you sold or exchanged the property. 2010 tax form 1040x However, this special rule does not apply when dividing expenses between rental and personal use. 2010 tax form 1040x See Property Changed to Rental Use in chapter 4. 2010 tax form 1040x Example 1. 2010 tax form 1040x On February 29, 2012, you moved out of the house you had lived in for 6 years because you accepted a job in another town. 2010 tax form 1040x You rented your house at a fair rental price from March 15, 2012, to May 14, 2013 (14 months). 2010 tax form 1040x On June 1, 2013, you moved back into your old house. 2010 tax form 1040x The days you used the house as your main home from January 1 to February 29, 2012, and from June 1 to December 31, 2013, are not counted as days of personal use. 2010 tax form 1040x Therefore, you would use the rules in chapter 1 when figuring your rental income and expenses. 2010 tax form 1040x Example 2. 2010 tax form 1040x On January 31, you moved out of the condominium where you had lived for 3 years. 2010 tax form 1040x You offered it for rent at a fair rental price beginning on February 1. 2010 tax form 1040x You were unable to rent it until April. 2010 tax form 1040x On September 15, you sold the condominium. 2010 tax form 1040x The days you used the condominium as your main home from January 1 to January 31 are not counted as days of personal use when determining whether you used it as a home. 2010 tax form 1040x Examples. 2010 tax form 1040x   The following examples show how to determine whether you used your rental property as a home. 2010 tax form 1040x Example 1. 2010 tax form 1040x You converted the basement of your home into an apartment with a bedroom, a bathroom, and a small kitchen. 2010 tax form 1040x You rented the basement apartment at a fair rental price to college students during the regular school year. 2010 tax form 1040x You rented to them on a 9-month lease (273 days). 2010 tax form 1040x You figured 10% of the total days rented to others at a fair rental price is 27 days. 2010 tax form 1040x During June (30 days), your brothers stayed with you and lived in the basement apartment rent free. 2010 tax form 1040x Your basement apartment was used as a home because you used it for personal purposes for 30 days. 2010 tax form 1040x Rent-free use by your brothers is considered personal use. 2010 tax form 1040x Your personal use (30 days) is more than the greater of 14 days or 10% of the total days it was rented (27 days). 2010 tax form 1040x Example 2. 2010 tax form 1040x You rented the guest bedroom in your home at a fair rental price during the local college's homecoming, commencement, and football weekends (a total of 27 days). 2010 tax form 1040x Your sister-in-law stayed in the room, rent free, for the last 3 weeks (21 days) in July. 2010 tax form 1040x You figured 10% of the total days rented to others at a fair rental price is 3 days. 2010 tax form 1040x The room was used as a home because you used it for personal purposes for 21 days. 2010 tax form 1040x That is more than the greater of 14 days or 10% of the 27 days it was rented (3 days). 2010 tax form 1040x Example 3. 2010 tax form 1040x You own a condominium apartment in a resort area. 2010 tax form 1040x You rented it at a fair rental price for a total of 170 days during the year. 2010 tax form 1040x For 12 of these days, the tenant was not able to use the apartment and allowed you to use it even though you did not refund any of the rent. 2010 tax form 1040x Your family actually used the apartment for 10 of those days. 2010 tax form 1040x Therefore, the apartment is treated as having been rented for 160 (170 – 10) days. 2010 tax form 1040x You figured 10% of the total days rented to others at a fair rental price is 16 days. 2010 tax form 1040x Your family also used the apartment for 7 other days during the year. 2010 tax form 1040x You used the apartment as a home because you used it for personal purposes for 17 days. 2010 tax form 1040x That is more than the greater of 14 days or 10% of the 160 days it was rented (16 days). 2010 tax form 1040x Minimal rental use. 2010 tax form 1040x   If you use the dwelling unit as a home and you rent it less than 15 days during the year, that period is not treated as rental activity. 2010 tax form 1040x See Used as a home but rented less than 15 days, later, for more information. 2010 tax form 1040x Limit on deductions. 2010 tax form 1040x   Renting a dwelling unit that is considered a home is not a passive activity. 2010 tax form 1040x Instead, if your rental expenses are more than your rental income, some or all of the excess expenses cannot be used to offset income from other sources. 2010 tax form 1040x The excess expenses that cannot be used to offset income from other sources are carried forward to the next year and treated as rental expenses for the same property. 2010 tax form 1040x Any expenses carried forward to the next year will be subject to any limits that apply for that year. 2010 tax form 1040x This limitation will apply to expenses carried forward to another year even if you do not use the property as your home for that subsequent year. 2010 tax form 1040x   To figure your deductible rental expenses for this year and any carryover to next year, use Worksheet 5–1. 2010 tax form 1040x Reporting Income and Deductions Property not used for personal purposes. 2010 tax form 1040x   If you do not use a dwelling unit for personal purposes, see chapter 3 for how to report your rental income and expenses. 2010 tax form 1040x Property used for personal purposes. 2010 tax form 1040x   If you do use a dwelling unit for personal purposes, then how you report your rental income and expenses depends on whether you used the dwelling unit as a home. 2010 tax form 1040x Not used as a home. 2010 tax form 1040x   If you use a dwelling unit for personal purposes, but not as a home, report all the rental income in your income. 2010 tax form 1040x Since you used the dwelling unit for personal purposes, you must divide your expenses between the rental use and the personal use as described earlier in this chapter under Dividing Expenses . 2010 tax form 1040x The expenses for personal use are not deductible as rental expenses. 2010 tax form 1040x   Your deductible rental expenses can be more than your gross rental income; however, see Limits on Rental Losses in chapter 3. 2010 tax form 1040x Used as a home but rented less than 15 days. 2010 tax form 1040x   If you use a dwelling unit as a home and you rent it less than 15 days during the year, its primary function is not considered to be rental and it should not be reported on Schedule E (Form 1040). 2010 tax form 1040x You are not required to report the rental income and rental expenses from this activity. 2010 tax form 1040x The expenses, including qualified mortgage interest, property taxes, and any qualified casualty loss will be reported as normally allowed on Schedule A (Form 1040). 2010 tax form 1040x See the Instructions for Schedule A (Form 1040) for more information on deducting these expenses. 2010 tax form 1040x Used as a home and rented 15 days or more. 2010 tax form 1040x   If you use a dwelling unit as a home and rent it 15 days or more during the year, include all your rental income in your income. 2010 tax form 1040x Since you used the dwelling unit for personal purposes, you must divide your expenses between the rental use and the personal use as described earlier in this chapter under Dividing Expenses . 2010 tax form 1040x The expenses for personal use are not deductible as rental expenses. 2010 tax form 1040x   If you had a net profit from renting the dwelling unit for the year (that is, if your rental income is more than the total of your rental expenses, including depreciation), deduct all of your rental expenses. 2010 tax form 1040x You do not need to use Worksheet 5-1. 2010 tax form 1040x   However, if you had a net loss from renting the dwelling unit for the year, your deduction for certain rental expenses is limited. 2010 tax form 1040x To figure your deductible rental expenses and any carryover to next year, use Worksheet 5–1. 2010 tax form 1040x Worksheet 5-1. 2010 tax form 1040x Worksheet for Figuring Rental Deductions for a Dwelling Unit Used as a Home Use this worksheet only if you answer “yes” to all of the following questions. 2010 tax form 1040x Did you use the dwelling unit as a home this year? (See Dwelling Unit Used as a Home . 2010 tax form 1040x ) Did you rent the dwelling unit at a fair rental price 15 days or more this year? Is the total of your rental expenses and depreciation more than your rental income? PART I. 2010 tax form 1040x Rental Use Percentage A. 2010 tax form 1040x Total days available for rent at fair rental price A. 2010 tax form 1040x       B. 2010 tax form 1040x Total days available for rent (line A) but not rented B. 2010 tax form 1040x       C. 2010 tax form 1040x Total days of rental use. 2010 tax form 1040x Subtract line B from line A C. 2010 tax form 1040x       D. 2010 tax form 1040x Total days of personal use (including days rented at less than fair rental price) D. 2010 tax form 1040x       E. 2010 tax form 1040x Total days of rental and personal use. 2010 tax form 1040x Add lines C and D E. 2010 tax form 1040x       F. 2010 tax form 1040x Percentage of expenses allowed for rental. 2010 tax form 1040x Divide line C by line E     F. 2010 tax form 1040x . 2010 tax form 1040x PART II. 2010 tax form 1040x Allowable Rental Expenses 1. 2010 tax form 1040x Enter rents received 1. 2010 tax form 1040x   2a. 2010 tax form 1040x Enter the rental portion of deductible home mortgage interest and qualified mortgage insurance premiums (see instructions) 2a. 2010 tax form 1040x       b. 2010 tax form 1040x Enter the rental portion of real estate taxes b. 2010 tax form 1040x       c. 2010 tax form 1040x Enter the rental portion of deductible casualty and theft losses (see instructions) c. 2010 tax form 1040x       d. 2010 tax form 1040x Enter direct rental expenses (see instructions) d. 2010 tax form 1040x       e. 2010 tax form 1040x Fully deductible rental expenses. 2010 tax form 1040x Add lines 2a–2d. 2010 tax form 1040x Enter here and  on the appropriate lines on Schedule E (see instructions) 2e. 2010 tax form 1040x   3. 2010 tax form 1040x Subtract line 2e from line 1. 2010 tax form 1040x If zero or less, enter -0- 3. 2010 tax form 1040x   4a. 2010 tax form 1040x Enter the rental portion of expenses directly related to operating or maintaining  the dwelling unit (such as repairs, insurance, and utilities) 4a. 2010 tax form 1040x       b. 2010 tax form 1040x Enter the rental portion of excess mortgage interest and qualified mortgage insurance premiums (see instructions) b. 2010 tax form 1040x       c. 2010 tax form 1040x Carryover of operating expenses from 2012 worksheet c. 2010 tax form 1040x       d. 2010 tax form 1040x Add lines 4a–4c d. 2010 tax form 1040x       e. 2010 tax form 1040x Allowable expenses. 2010 tax form 1040x Enter the smaller of line 3 or line 4d (see instructions) 4e. 2010 tax form 1040x   5. 2010 tax form 1040x Subtract line 4e from line 3. 2010 tax form 1040x If zero or less, enter -0- 5. 2010 tax form 1040x   6a. 2010 tax form 1040x Enter the rental portion of excess casualty and theft losses (see instructions) 6a. 2010 tax form 1040x       b. 2010 tax form 1040x Enter the rental portion of depreciation of the dwelling unit b. 2010 tax form 1040x       c. 2010 tax form 1040x Carryover of excess casualty losses and depreciation from 2012 worksheet c. 2010 tax form 1040x       d. 2010 tax form 1040x Add lines 6a–6c d. 2010 tax form 1040x       e. 2010 tax form 1040x Allowable excess casualty and theft losses and depreciation. 2010 tax form 1040x Enter the smaller of  line 5 or line 6d (see instructions) 6e. 2010 tax form 1040x   PART III. 2010 tax form 1040x Carryover of Unallowed Expenses to Next Year 7a. 2010 tax form 1040x Operating expenses to be carried over to next year. 2010 tax form 1040x Subtract line 4e from line 4d 7a. 2010 tax form 1040x   b. 2010 tax form 1040x Excess casualty and theft losses and depreciation to be carried over to next year. 2010 tax form 1040x  Subtract line 6e from line 6d b. 2010 tax form 1040x   Worksheet 5-1 Instructions. 2010 tax form 1040x Worksheet for Figuring Rental Deductions for a Dwelling Unit Used as a Home Caution. 2010 tax form 1040x Use the percentage determined in Part I, line F, to figure the rental portions to enter on lines 2a–2c, 4a–4b, and 6a–6b of  Part II. 2010 tax form 1040x Line 2a. 2010 tax form 1040x Figure the mortgage interest on the dwelling unit that you could deduct on Schedule A as if you had not rented the unit. 2010 tax form 1040x Do not include interest on a loan that did not benefit the dwelling unit. 2010 tax form 1040x For example, do not include interest on a home equity loan used to pay off credit cards or other personal loans, buy a car, or pay college tuition. 2010 tax form 1040x Include interest on a loan used to buy, build, or improve the dwelling unit, or to refinance such a loan. 2010 tax form 1040x Include the rental portion of this interest in the total you enter on line 2a of the worksheet. 2010 tax form 1040x   Figure the qualified mortgage insurance premiums on the dwelling unit that you could deduct on line 13 of Schedule A as if you had not rented the unit. 2010 tax form 1040x See the Schedule A instructions. 2010 tax form 1040x However, figure your adjusted gross income (Form 1040, line 38) without your rental income and expenses from the dwelling unit. 2010 tax form 1040x See Line 4b to deduct the part of the qualified mortgage insurance premiums not allowed because of the adjusted gross income limit. 2010 tax form 1040x Include the rental portion of the amount from Schedule A, line 13, in the total you enter on line 2a of the worksheet. 2010 tax form 1040x   Note. 2010 tax form 1040x Do not file this Schedule A or use it to figure the amount to deduct on line 13 of that schedule. 2010 tax form 1040x Instead, figure the personal portion on a separate Schedule A. 2010 tax form 1040x If you have deducted mortgage interest or qualified mortgage insurance premiums on the dwelling unit on other forms, such as Schedule C or F, remember to reduce your Schedule A deduction by that amount. 2010 tax form 1040x           Line 2c. 2010 tax form 1040x Figure the casualty and theft losses related to the dwelling unit that you could deduct on Schedule A as if you had not rented the dwelling unit. 2010 tax form 1040x To do this, complete Section A of Form 4684, Casualties and Thefts, treating the losses as personal losses. 2010 tax form 1040x If any of the loss is due to a federally declared disaster, see the Instructions for Form 4684. 2010 tax form 1040x On Form 4684, line 17, enter 10% of your adjusted gross income figured without your rental income and expenses from the dwelling unit. 2010 tax form 1040x Enter the rental portion of the result from Form 4684, line 18, on line 2c of this worksheet. 2010 tax form 1040x   Note. 2010 tax form 1040x Do not file this Form 4684 or use it to figure your personal losses on Schedule A. 2010 tax form 1040x Instead, figure the personal portion on a separate Form 4684. 2010 tax form 1040x           Line 2d. 2010 tax form 1040x Enter the total of your rental expenses that are directly related only to the rental activity. 2010 tax form 1040x These include interest on loans used for rental activities other than to buy, build, or improve the dwelling unit. 2010 tax form 1040x Also include rental agency fees, advertising, office supplies, and depreciation on office equipment used in your rental activity. 2010 tax form 1040x           Line 2e. 2010 tax form 1040x You can deduct the amounts on lines 2a, 2b, 2c, and 2d as rental expenses on Schedule E even if your rental expenses are more than your rental income. 2010 tax form 1040x Enter the amounts on lines 2a, 2b, 2c, and 2d on the appropriate lines of Schedule E. 2010 tax form 1040x           Line 4b. 2010 tax form 1040x On line 2a, you entered the rental portion of the mortgage interest or qualified mortgage insurance premiums you could deduct on Schedule A if you had not rented the dwelling unit. 2010 tax form 1040x If you had additional mortgage interest and qualified mortgage insurance premiums that would not be deductible on Schedule A because of limits imposed on them, enter on line 4b of this worksheet the rental portion of those excess amounts. 2010 tax form 1040x Do not include interest on a loan that did not benefit the dwelling unit  (as explained in the line 2a instructions). 2010 tax form 1040x           Line 4e. 2010 tax form 1040x You can deduct the amounts on lines 4a, 4b, and 4c as rental expenses on Schedule E only to the extent they are not more than the amount on line 4e. 2010 tax form 1040x *           Line 6a. 2010 tax form 1040x To find the rental portion of excess casualty and theft losses, use the Form 4684 you prepared for line 2c of this worksheet. 2010 tax form 1040x   A. 2010 tax form 1040x Enter the amount from Form 4684, line 10       B. 2010 tax form 1040x Enter the rental portion of line A       C. 2010 tax form 1040x Enter the amount from line 2c of this worksheet       D. 2010 tax form 1040x Subtract line C from line B. 2010 tax form 1040x Enter the result here and on line 6a of this worksheet               Line 6e. 2010 tax form 1040x You can deduct the amounts on lines 6a, 6b, and 6c as rental expenses on Schedule E only to the extent they are not more than the amount on line 6e. 2010 tax form 1040x * *Allocating the limited deduction. 2010 tax form 1040x If you cannot deduct all of the amount on line 4d or 6d this year, you can allocate the allowable deduction in any way you wish among the expenses included on line 4d or 6d. 2010 tax form 1040x Enter the amount you allocate to each expense on the appropriate line of Schedule E, Part I. 2010 tax form 1040x Prev  Up  Next   Home   More Online Publications