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File 2010 Tax

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File 2010 Tax

File 2010 tax 15. File 2010 tax   Selling Your Home Table of Contents Reminder Introduction Useful Items - You may want to see: Main Home Figuring Gain or LossSelling Price Amount Realized Adjusted Basis Amount of Gain or Loss Dispositions Other Than Sales Determining Basis Excluding the GainMaximum Exclusion Ownership and Use Tests Reduced Maximum Exclusion Business Use or Rental of Home Reporting the SaleSeller-financed mortgage. File 2010 tax More information. File 2010 tax Special SituationsException for sales to related persons. File 2010 tax Recapturing (Paying Back) a Federal Mortgage Subsidy Reminder Home sold with undeducted points. File 2010 tax  If you have not deducted all the points you paid to secure a mortgage on your old home, you may be able to deduct the remaining points in the year of the sale. File 2010 tax See Mortgage ending early under Points in chapter 23. File 2010 tax Introduction This chapter explains the tax rules that apply when you sell your main home. File 2010 tax In most cases, your main home is the one in which you live most of the time. File 2010 tax If you sold your main home in 2013, you may be able to exclude from income any gain up to a limit of $250,000 ($500,000 on a joint return in most cases). File 2010 tax See Excluding the Gain , later. File 2010 tax Generally, if you can exclude all the gain, you do not need to report the sale on your tax return. File 2010 tax If you have gain that cannot be excluded, it is taxable. File 2010 tax Report it on Form 8949, Sales and Other Dispositions of Capital Assets, and Schedule D (Form 1040). File 2010 tax You may also have to complete Form 4797, Sales of Business Property. File 2010 tax See Reporting the Sale , later. File 2010 tax If you have a loss on the sale, you generally cannot deduct it on your return. File 2010 tax However, you may need to report it. File 2010 tax See Reporting the Sale , later. File 2010 tax The following are main topics in this chapter. File 2010 tax Figuring gain or loss. File 2010 tax Basis. File 2010 tax Excluding the gain. File 2010 tax Ownership and use tests. File 2010 tax Reporting the sale. File 2010 tax Other topics include the following. File 2010 tax Business use or rental of home. File 2010 tax Recapturing a federal mortgage subsidy. File 2010 tax Useful Items - You may want to see: Publication 523 Selling Your Home 530 Tax Information for Homeowners 547 Casualties, Disasters, and Thefts Form (and Instructions) Schedule D (Form 1040) Capital Gains and Losses 982 Reduction of Tax Attributes Due to Discharge of Indebtedness 8828 Recapture of Federal Mortgage Subsidy 8949 Sales and Other Dispositions of Capital Assets Main Home This section explains the term “main home. File 2010 tax ” Usually, the home you live in most of the time is your main home and can be a: House, Houseboat, Mobile home, Cooperative apartment, or Condominium. File 2010 tax To exclude gain under the rules of this chapter, you in most cases must have owned and lived in the property as your main home for at least 2 years during the 5-year period ending on the date of sale. File 2010 tax Land. File 2010 tax   If you sell the land on which your main home is located, but not the house itself, you cannot exclude any gain you have from the sale of the land. File 2010 tax However, if you sell vacant land used as part of your main home and that is adjacent to it, you may be able to exclude the gain from the sale under certain circumstances. File 2010 tax See Vacant land under Main Home in Publication 523 for more information. File 2010 tax Example. File 2010 tax You buy a piece of land and move your main home to it. File 2010 tax Then you sell the land on which your main home was located. File 2010 tax This sale is not considered a sale of your main home, and you cannot exclude any gain on the sale of the land. File 2010 tax More than one home. File 2010 tax   If you have more than one home, you can exclude gain only from the sale of your main home. File 2010 tax You must include in income gain from the sale of any other home. File 2010 tax If you have two homes and live in both of them, your main home is ordinarily the one you live in most of the time during the year. File 2010 tax Example 1. File 2010 tax You own two homes, one in New York and one in Florida. File 2010 tax From 2009 through 2013, you live in the New York home for 7 months and in the Florida residence for 5 months of each year. File 2010 tax In the absence of facts and circumstances indicating otherwise, the New York home is your main home. File 2010 tax You would be eligible to exclude the gain from the sale of the New York home but not of the Florida home in 2013. File 2010 tax Example 2. File 2010 tax You own a house, but you live in another house that you rent. File 2010 tax The rented house is your main home. File 2010 tax Example 3. File 2010 tax You own two homes, one in Virginia and one in New Hampshire. File 2010 tax In 2009 and 2010, you lived in the Virginia home. File 2010 tax In 2011 and 2012, you lived in the New Hampshire home. File 2010 tax In 2013, you lived again in the Virginia home. File 2010 tax Your main home in 2009, 2010, and 2013 is the Virginia home. File 2010 tax Your main home in 2011 and 2012 is the New Hampshire home. File 2010 tax You would be eligible to exclude gain from the sale of either home (but not both) in 2013. File 2010 tax Property used partly as your main home. File 2010 tax   If you use only part of the property as your main home, the rules discussed in this publication apply only to the gain or loss on the sale of that part of the property. File 2010 tax For details, see Business Use or Rental of Home , later. File 2010 tax Figuring Gain or Loss To figure the gain or loss on the sale of your main home, you must know the selling price, the amount realized, and the adjusted basis. File 2010 tax Subtract the adjusted basis from the amount realized to get your gain or loss. File 2010 tax     Selling price     − Selling expenses       Amount realized       Amount realized     − Adjusted basis       Gain or loss   Selling Price The selling price is the total amount you receive for your home. File 2010 tax It includes money and the fair market value of any other property or any other services you receive and all notes, mortgages or other debts assumed by the buyer as part of the sale. File 2010 tax Payment by employer. File 2010 tax   You may have to sell your home because of a job transfer. File 2010 tax If your employer pays you for a loss on the sale or for your selling expenses, do not include the payment as part of the selling price. File 2010 tax Your employer will include it as wages in box 1 of your Form W-2, and you will include it in your income on Form 1040, line 7. File 2010 tax Option to buy. File 2010 tax   If you grant an option to buy your home and the option is exercised, add the amount you receive for the option to the selling price of your home. File 2010 tax If the option is not exercised, you must report the amount as ordinary income in the year the option expires. File 2010 tax Report this amount on Form 1040, line 21. File 2010 tax Form 1099-S. File 2010 tax   If you received Form 1099-S, Proceeds From Real Estate Transactions, box 2 (Gross proceeds) should show the total amount you received for your home. File 2010 tax   However, box 2 will not include the fair market value of any services or property other than cash or notes you received or will receive. File 2010 tax Instead, box 4 will be checked to indicate your receipt or expected receipt of these items. File 2010 tax Amount Realized The amount realized is the selling price minus selling expenses. File 2010 tax Selling expenses. File 2010 tax   Selling expenses include: Commissions, Advertising fees, Legal fees, and Loan charges paid by the seller, such as loan placement fees or “points. File 2010 tax ” Adjusted Basis While you owned your home, you may have made adjustments (increases or decreases) to the basis. File 2010 tax This adjusted basis must be determined before you can figure gain or loss on the sale of your home. File 2010 tax For information on how to figure your home's adjusted basis, see Determining Basis , later. File 2010 tax Amount of Gain or Loss To figure the amount of gain or loss, compare the amount realized to the adjusted basis. File 2010 tax Gain on sale. File 2010 tax   If the amount realized is more than the adjusted basis, the difference is a gain and, except for any part you can exclude, in most cases is taxable. File 2010 tax Loss on sale. File 2010 tax   If the amount realized is less than the adjusted basis, the difference is a loss. File 2010 tax A loss on the sale of your main home cannot be deducted. File 2010 tax Jointly owned home. File 2010 tax   If you and your spouse sell your jointly owned home and file a joint return, you figure your gain or loss as one taxpayer. File 2010 tax Separate returns. File 2010 tax   If you file separate returns, each of you must figure your own gain or loss according to your ownership interest in the home. File 2010 tax Your ownership interest is generally determined by state law. File 2010 tax Joint owners not married. File 2010 tax   If you and a joint owner other than your spouse sell your jointly owned home, each of you must figure your own gain or loss according to your ownership interest in the home. File 2010 tax Each of you applies the rules discussed in this chapter on an individual basis. File 2010 tax Dispositions Other Than Sales Some special rules apply to other dispositions of your main home. File 2010 tax Foreclosure or repossession. File 2010 tax   If your home was foreclosed on or repossessed, you have a disposition. File 2010 tax See Publication 4681, Canceled Debts, Foreclosures, Repossessions, and Abandonments, to determine if you have ordinary income, gain, or loss. File 2010 tax Abandonment. File 2010 tax   If you abandon your home, see Publication 4681 to determine if you have ordinary income, gain, or loss. File 2010 tax Trading (exchanging) homes. File 2010 tax   If you trade your old home for another home, treat the trade as a sale and a purchase. File 2010 tax Example. File 2010 tax You owned and lived in a home with an adjusted basis of $41,000. File 2010 tax A real estate dealer accepted your old home as a trade-in and allowed you $50,000 toward a new home priced at $80,000. File 2010 tax This is treated as a sale of your old home for $50,000 with a gain of $9,000 ($50,000 – $41,000). File 2010 tax If the dealer had allowed you $27,000 and assumed your unpaid mortgage of $23,000 on your old home, your sales price would still be $50,000 (the $27,000 trade-in allowed plus the $23,000 mortgage assumed). File 2010 tax Transfer to spouse. File 2010 tax   If you transfer your home to your spouse or you transfer it to your former spouse incident to your divorce, you in most cases have no gain or loss. File 2010 tax This is true even if you receive cash or other consideration for the home. File 2010 tax As a result, the rules in this chapter do not apply. File 2010 tax More information. File 2010 tax   If you need more information, see Transfer to spouse in Publication 523 and Property Settlements in Publication 504, Divorced or Separated Individuals. File 2010 tax Involuntary conversion. File 2010 tax   You have a disposition when your home is destroyed or condemned and you receive other property or money in payment, such as insurance or a condemnation award. File 2010 tax This is treated as a sale and you may be able to exclude all or part of any gain from the destruction or condemnation of your home, as explained later under Special Situations . File 2010 tax Determining Basis You need to know your basis in your home to figure any gain or loss when you sell it. File 2010 tax Your basis in your home is determined by how you got the home. File 2010 tax Generally, your basis is its cost if you bought it or built it. File 2010 tax If you got it in some other way (inheritance, gift, etc. File 2010 tax ), your basis is generally either its fair market value when you received it or the adjusted basis of the previous owner. File 2010 tax While you owned your home, you may have made adjustments (increases or decreases) to your home's basis. File 2010 tax The result of these adjustments is your home's adjusted basis, which is used to figure gain or loss on the sale of your home. File 2010 tax See Adjusted Basis , later. File 2010 tax You can find more information on basis and adjusted basis in chapter 13 of this publication and in Publication 523. File 2010 tax Cost As Basis The cost of property is the amount you paid for it in cash, debt obligations, other property, or services. File 2010 tax Purchase. File 2010 tax   If you bought your home, your basis is its cost to you. File 2010 tax This includes the purchase price and certain settlement or closing costs. File 2010 tax In most cases, your purchase price includes your down payment and any debt, such as a first or second mortgage or notes you gave the seller in payment for the home. File 2010 tax If you build, or contract to build, a new home, your purchase price can include costs of construction, as discussed in Publication 523. File 2010 tax Settlement fees or closing costs. File 2010 tax   When you bought your home, you may have paid settlement fees or closing costs in addition to the contract price of the property. File 2010 tax You can include in your basis some of the settlement fees and closing costs you paid for buying the home, but not the fees and costs for getting a mortgage loan. File 2010 tax A fee paid for buying the home is any fee you would have had to pay even if you paid cash for the home (that is, without the need for financing). File 2010 tax    Chapter 13 lists some of the settlement fees and closing costs that you can include in the basis of property, including your home. File 2010 tax It also lists some settlement costs that cannot be included in basis. File 2010 tax   Also see Publication 523 for additional items and a discussion of basis other than cost. File 2010 tax Adjusted Basis Adjusted basis is your cost or other basis increased or decreased by certain amounts. File 2010 tax To figure your adjusted basis, you can use Worksheet 1 in Publication 523. File 2010 tax Do not use Worksheet 1 if you acquired an interest in your home from a decedent who died in 2010 and whose executor filed Form 8939, Allocation of Increase in Basis for Property Acquired From a Decedent. File 2010 tax Increases to basis. File 2010 tax   These include the following. File 2010 tax Additions and other improvements that have a useful life of more than 1 year. File 2010 tax Special assessments for local improvements. File 2010 tax Amounts you spent after a casualty to restore damaged property. File 2010 tax Improvements. File 2010 tax   These add to the value of your home, prolong its useful life, or adapt it to new uses. File 2010 tax You add the cost of additions and other improvements to the basis of your property. File 2010 tax   For example, putting a recreation room or another bathroom in your unfinished basement, putting up a new fence, putting in new plumbing or wiring, putting on a new roof, or paving your unpaved driveway are improvements. File 2010 tax An addition to your house, such as a new deck, a sunroom, or a new garage, is also an improvement. File 2010 tax Repairs. File 2010 tax   These maintain your home in good condition but do not add to its value or prolong its life. File 2010 tax You do not add their cost to the basis of your property. File 2010 tax   Examples of repairs include repainting your house inside or outside, fixing your gutters or floors, repairing leaks or plastering, and replacing broken window panes. File 2010 tax Decreases to basis. File 2010 tax   These include the following. File 2010 tax Discharge of qualified principal residence indebtedness that was excluded from income. File 2010 tax Some or all of the cancellation of debt income that was excluded due to your bankruptcy or insolvency. File 2010 tax For details, see Publication 4681. File 2010 tax Gain you postponed from the sale of a previous home before May 7, 1997. File 2010 tax Deductible casualty losses. File 2010 tax Insurance payments you received or expect to receive for casualty losses. File 2010 tax Payments you received for granting an easement or right-of-way. File 2010 tax Depreciation allowed or allowable if you used your home for business or rental purposes. File 2010 tax Energy-related credits allowed for expenditures made on the residence. File 2010 tax (Reduce the increase in basis otherwise allowable for expenditures on the residence by the amount of credit allowed for those expenditures. File 2010 tax ) Adoption credit you claimed for improvements added to the basis of your home. File 2010 tax Nontaxable payments from an adoption assistance program of your employer you used for improvements you added to the basis of your home. File 2010 tax Energy conservation subsidy excluded from your gross income because you received it (directly or indirectly) from a public utility after 1992 to buy or install any energy conservation measure. File 2010 tax An energy conservation measure is an installation or modification primarily designed either to reduce consumption of electricity or natural gas or to improve the management of energy demand for a home. File 2010 tax District of Columbia first-time homebuyer credit (allowed on the purchase of a principal residence in the District of Columbia beginning on August 5, 1997 and before January 1, 2012). File 2010 tax General sales taxes (allowed beginning 2004 and ending before 2014) claimed as an itemized deduction on Schedule A (Form 1040) that were imposed on the purchase of personal property, such as a houseboat used as your home or a mobile home. File 2010 tax Discharges of qualified principal residence indebtedness. File 2010 tax   You may be able to exclude from gross income a discharge of qualified principal residence indebtedness. File 2010 tax This exclusion applies to discharges made after 2006 and before 2014. File 2010 tax If you choose to exclude this income, you must reduce (but not below zero) the basis of the principal residence by the amount excluded from your gross income. File 2010 tax   File Form 982 with your tax return. File 2010 tax See the form's instructions for detailed information. File 2010 tax Recordkeeping. File 2010 tax You should keep records to prove your home's adjusted basis. File 2010 tax Ordinarily, you must keep records for 3 years after the due date for filing your return for the tax year in which you sold your home. File 2010 tax But if you sold a home before May 7, 1997, and postponed tax on any gain, the basis of that home affects the basis of the new home you bought. File 2010 tax Keep records proving the basis of both homes as long as they are needed for tax purposes. File 2010 tax The records you should keep include: Proof of the home's purchase price and purchase expenses, Receipts and other records for all improvements, additions, and other items that affect the home's adjusted basis, Any worksheets or other computations you used to figure the adjusted basis of the home you sold, the gain or loss on the sale, the exclusion, and the taxable gain, Any Form 982 you filed to report any discharge of qualified principal residence indebtedness, Any Form 2119, Sale of Your Home, you filed to postpone gain from the sale of a previous home before May 7, 1997, and Any worksheets you used to prepare Form 2119, such as the Adjusted Basis of Home Sold Worksheet or the Capital Improvements Worksheet from the Form 2119 instructions, or other source of computations. File 2010 tax Excluding the Gain You may qualify to exclude from your income all or part of any gain from the sale of your main home. File 2010 tax This means that, if you qualify, you will not have to pay tax on the gain up to the limit described under Maximum Exclusion , next. File 2010 tax To qualify, you must meet the ownership and use tests described later. File 2010 tax You can choose not to take the exclusion by including the gain from the sale in your gross income on your tax return for the year of the sale. File 2010 tax You can use Worksheet 2 in Publication 523 to figure the amount of your exclusion and your taxable gain, if any. File 2010 tax If you have any taxable gain from the sale of your home, you may have to increase your withholding or make estimated tax payments. File 2010 tax See Publication 505, Tax Withholding and Estimated Tax. File 2010 tax Maximum Exclusion You can exclude up to $250,000 of the gain (other than gain allocated to periods of nonqualified use) on the sale of your main home if all of the following are true. File 2010 tax You meet the ownership test. File 2010 tax You meet the use test. File 2010 tax During the 2-year period ending on the date of the sale, you did not exclude gain from the sale of another home. File 2010 tax For details on gain allocated to periods of nonqualified use, see Periods of nonqualified use , later. File 2010 tax You may be able to exclude up to $500,000 of the gain (other than gain allocated to periods of nonqualified use) on the sale of your main home if you are married and file a joint return and meet the requirements listed in the discussion of the special rules for joint returns, later, under Married Persons . File 2010 tax Ownership and Use Tests To claim the exclusion, you must meet the ownership and use tests. File 2010 tax This means that during the 5-year period ending on the date of the sale, you must have: Owned the home for at least 2 years (the ownership test), and Lived in the home as your main home for at least 2 years (the use test). File 2010 tax Exception. File 2010 tax   If you owned and lived in the property as your main home for less than 2 years, you can still claim an exclusion in some cases. File 2010 tax However, the maximum amount you may be able to exclude will be reduced. File 2010 tax See Reduced Maximum Exclusion , later. File 2010 tax Example 1—home owned and occupied for at least 2 years. File 2010 tax Mya bought and moved into her main home in September 2011. File 2010 tax She sold the home at a gain in October 2013. File 2010 tax During the 5-year period ending on the date of sale in October 2013, she owned and lived in the home for more than 2 years. File 2010 tax She meets the ownership and use tests. File 2010 tax Example 2—ownership test met but use test not met. File 2010 tax Ayden bought a home, lived in it for 6 months, moved out, and never occupied the home again. File 2010 tax He later sold the home for a gain. File 2010 tax He owned the home during the entire 5-year period ending on the date of sale. File 2010 tax He meets the ownership test but not the use test. File 2010 tax He cannot exclude any part of his gain on the sale unless he qualified for a reduced maximum exclusion (explained later). File 2010 tax Period of Ownership and Use The required 2 years of ownership and use during the 5-year period ending on the date of the sale do not have to be continuous nor do they both have to occur at the same time. File 2010 tax You meet the tests if you can show that you owned and lived in the property as your main home for either 24 full months or 730 days (365 × 2) during the 5-year period ending on the date of sale. File 2010 tax Temporary absence. File 2010 tax   Short temporary absences for vacations or other seasonal absences, even if you rent out the property during the absences, are counted as periods of use. File 2010 tax The following examples assume that the reduced maximum exclusion (discussed later) does not apply to the sales. File 2010 tax Example 1. File 2010 tax David Johnson, who is single, bought and moved into his home on February 1, 2011. File 2010 tax Each year during 2011 and 2012, David left his home for a 2-month summer vacation. File 2010 tax David sold the house on March 1, 2013. File 2010 tax Although the total time David used his home is less than 2 years (21 months), he meets the requirement and may exclude gain. File 2010 tax The 2-month vacations are short temporary absences and are counted as periods of use in determining whether David used the home for the required 2 years. File 2010 tax Example 2. File 2010 tax Professor Paul Beard, who is single, bought and moved into a house on August 18, 2010. File 2010 tax He lived in it as his main home continuously until January 5, 2012, when he went abroad for a 1-year sabbatical leave. File 2010 tax On February 6, 2013, 1 month after returning from the leave, Paul sold the house at a gain. File 2010 tax Because his leave was not a short temporary absence, he cannot include the period of leave to meet the 2-year use test. File 2010 tax He cannot exclude any part of his gain, because he did not use the residence for the required 2 years. File 2010 tax Ownership and use tests met at different times. File 2010 tax   You can meet the ownership and use tests during different 2-year periods. File 2010 tax However, you must meet both tests during the 5-year period ending on the date of the sale. File 2010 tax Example. File 2010 tax Beginning in 2002, Helen Jones lived in a rented apartment. File 2010 tax The apartment building was later converted to condominiums, and she bought her same apartment on December 3, 2010. File 2010 tax In 2011, Helen became ill and on April 14 of that year she moved to her daughter's home. File 2010 tax On July 12, 2013, while still living in her daughter's home, she sold her condominium. File 2010 tax Helen can exclude gain on the sale of her condominium because she met the ownership and use tests during the 5-year period from July 13, 2008, to July 12, 2013, the date she sold the condominium. File 2010 tax She owned her condominium from December 3, 2010, to July 12, 2013 (more than 2 years). File 2010 tax She lived in the property from July 13, 2008 (the beginning of the 5-year period), to April 14, 2011 (more than 2 years). File 2010 tax The time Helen lived in her daughter's home during the 5-year period can be counted toward her period of ownership, and the time she lived in her rented apartment during the 5-year period can be counted toward her period of use. File 2010 tax Cooperative apartment. File 2010 tax   If you sold stock as a tenant-stockholder in a cooperative housing corporation, the ownership and use tests are met if, during the 5-year period ending on the date of sale, you: Owned the stock for at least 2 years, and Lived in the house or apartment that the stock entitles you to occupy as your main home for at least 2 years. File 2010 tax Exceptions to Ownership and Use Tests The following sections contain exceptions to the ownership and use tests for certain taxpayers. File 2010 tax Exception for individuals with a disability. File 2010 tax   There is an exception to the use test if: You become physically or mentally unable to care for yourself, and You owned and lived in your home as your main home for a total of at least 1 year during the 5-year period before the sale of your home. File 2010 tax Under this exception, you are considered to live in your home during any time within the 5-year period that you own the home and live in a facility (including a nursing home) licensed by a state or political subdivision to care for persons in your condition. File 2010 tax If you meet this exception to the use test, you still have to meet the 2-out-of-5-year ownership test to claim the exclusion. File 2010 tax Previous home destroyed or condemned. File 2010 tax   For the ownership and use tests, you add the time you owned and lived in a previous home that was destroyed or condemned to the time you owned and lived in the replacement home on whose sale you wish to exclude gain. File 2010 tax This rule applies if any part of the basis of the home you sold depended on the basis of the destroyed or condemned home. File 2010 tax Otherwise, you must have owned and lived in the same home for 2 of the 5 years before the sale to qualify for the exclusion. File 2010 tax Members of the uniformed services or Foreign Service, employees of the intelligence community, or employees or volunteers of the Peace Corps. File 2010 tax   You can choose to have the 5-year test period for ownership and use suspended during any period you or your spouse serve on “qualified official extended duty” as a member of the uniformed services or Foreign Service of the United States, or as an employee of the intelligence community. File 2010 tax You can choose to have the 5-year test period for ownership and use suspended during any period you or your spouse serve outside the United States either as an employee of the Peace Corps on "qualified official extended duty" or as an enrolled volunteer or volunteer leader of the Peace Corps. File 2010 tax This means that you may be able to meet the 2-year use test even if, because of your service, you did not actually live in your home for at least the required 2 years during the 5-year period ending on the date of sale. File 2010 tax   If this helps you qualify to exclude gain, you can choose to have the 5-year test period suspended by filing a return for the year of sale that does not include the gain. File 2010 tax For more information about the suspension of the 5-year test period, see Members of the uniformed services or Foreign Service, employees of the intelligence community, or employees or volunteers of the Peace Corps in Publication 523. File 2010 tax Married Persons If you and your spouse file a joint return for the year of sale and one spouse meets the ownership and use tests, you can exclude up to $250,000 of the gain. File 2010 tax (But see Special rules for joint returns , next. File 2010 tax ) Special rules for joint returns. File 2010 tax   You can exclude up to $500,000 of the gain on the sale of your main home if all of the following are true. File 2010 tax You are married and file a joint return for the year. File 2010 tax Either you or your spouse meets the ownership test. File 2010 tax Both you and your spouse meet the use test. File 2010 tax During the 2-year period ending on the date of the sale, neither you nor your spouse excluded gain from the sale of another home. File 2010 tax If either spouse does not satisfy all these requirements, the maximum exclusion that can be claimed by the couple is the total of the maximum exclusions that each spouse would qualify for if not married and the amounts were figured separately. File 2010 tax For this purpose, each spouse is treated as owning the property during the period that either spouse owned the property. File 2010 tax Example 1—one spouse sells a home. File 2010 tax Emily sells her home in June 2013 for a gain of $300,000. File 2010 tax She marries Jamie later in the year. File 2010 tax She meets the ownership and use tests, but Jamie does not. File 2010 tax Emily can exclude up to $250,000 of gain on a separate or joint return for 2013. File 2010 tax The $500,000 maximum exclusion for certain joint returns does not apply because Jamie does not meet the use test. File 2010 tax Example 2—each spouse sells a home. File 2010 tax The facts are the same as in Example 1 except that Jamie also sells a home in 2013 for a gain of $200,000 before he marries Emily. File 2010 tax He meets the ownership and use tests on his home, but Emily does not. File 2010 tax Emily can exclude $250,000 of gain and Jamie can exclude $200,000 of gain on the respective sales of their individual homes. File 2010 tax However, Emily cannot use Jamie's unused exclusion to exclude more than $250,000 of gain. File 2010 tax Therefore, Emily and Jamie must recognize $50,000 of gain on the sale of Emily's home. File 2010 tax The $500,000 maximum exclusion for certain joint returns does not apply because Emily and Jamie do not both meet the use test for the same home. File 2010 tax Sale of main home by surviving spouse. File 2010 tax   If your spouse died and you did not remarry before the date of sale, you are considered to have owned and lived in the property as your main home during any period of time when your spouse owned and lived in it as a main home. File 2010 tax   If you meet all of the following requirements, you may qualify to exclude up to $500,000 of any gain from the sale or exchange of your main home. File 2010 tax The sale or exchange took place after 2008. File 2010 tax The sale or exchange took place no more than 2 years after the date of death of your spouse. File 2010 tax You have not remarried. File 2010 tax You and your spouse met the use test at the time of your spouse's death. File 2010 tax You or your spouse met the ownership test at the time of your spouse's death. File 2010 tax Neither you nor your spouse excluded gain from the sale of another home during the last 2 years. File 2010 tax Example. File 2010 tax   Harry owned and used a house as his main home since 2009. File 2010 tax Harry and Wilma married on July 1, 2013, and from that date they use Harry's house as their main home. File 2010 tax Harry died on August 15, 2013, and Wilma inherited the property. File 2010 tax Wilma sold the property on September 3, 2013, at which time she had not remarried. File 2010 tax Although Wilma owned and used the house for less than 2 years, Wilma is considered to have satisfied the ownership and use tests because her period of ownership and use includes the period that Harry owned and used the property before death. File 2010 tax Home transferred from spouse. File 2010 tax   If your home was transferred to you by your spouse (or former spouse if the transfer was incident to divorce), you are considered to have owned it during any period of time when your spouse owned it. File 2010 tax Use of home after divorce. File 2010 tax   You are considered to have used property as your main home during any period when: You owned it, and Your spouse or former spouse is allowed to live in it under a divorce or separation instrument and uses it as his or her main home. File 2010 tax Reduced Maximum Exclusion If you fail to meet the requirements to qualify for the $250,000 or $500,000 exclusion, you may still qualify for a reduced exclusion. File 2010 tax This applies to those who: Fail to meet the ownership and use tests, or Have used the exclusion within 2 years of selling their current home. File 2010 tax In both cases, to qualify for a reduced exclusion, the sale of your main home must be due to one of the following reasons. File 2010 tax A change in place of employment. File 2010 tax Health. File 2010 tax Unforeseen circumstances. File 2010 tax Unforeseen circumstances. File 2010 tax   The sale of your main home is because of an unforeseen circumstance if your primary reason for the sale is the occurrence of an event that you could not reasonably have anticipated before buying and occupying your main home. File 2010 tax   See Publication 523 for more information and to use Worksheet 3 to figure your reduced maximum exclusion. File 2010 tax Business Use or Rental of Home You may be able to exclude gain from the sale of a home you have used for business or to produce rental income. File 2010 tax But you must meet the ownership and use tests. File 2010 tax Periods of nonqualified use. File 2010 tax   In most cases, gain from the sale or exchange of your main home will not qualify for the exclusion to the extent that the gains are allocated to periods of nonqualified use. File 2010 tax Nonqualified use is any period after 2008 during which neither you nor your spouse (or your former spouse) used the property as a main home with the following exceptions. File 2010 tax Exceptions. File 2010 tax   A period of nonqualified use does not include: Any portion of the 5-year period ending on the date of the sale or exchange after the last date you (or your spouse) use the property as a main home; Any period (not to exceed an aggregate period of 10 years) during which you (or your spouse) are serving on qualified official extended duty: As a member of the uniformed services; As a member of the Foreign Service of the United States; or As an employee of the intelligence community; and Any other period of temporary absence (not to exceed an aggregate period of 2 years) due to change of employment, health conditions, or such other unforeseen circumstances as may be specified by the IRS. File 2010 tax The gain resulting from the sale of the property is allocated between qualified and nonqualified use periods based on the amount of time the property was held for qualified and nonqualified use. File 2010 tax Gain from the sale or exchange of a main home allocable to periods of qualified use will continue to qualify for the exclusion for the sale of your main home. File 2010 tax Gain from the sale or exchange of property allocable to nonqualified use will not qualify for the exclusion. File 2010 tax Calculation. File 2010 tax   To figure the portion of the gain allocated to the period of nonqualified use, multiply the gain by the following fraction:   Total nonqualified use during the period of ownership after 2008      Total period of ownership     This calculation can be found in Worksheet 2, line 10, in Publication 523. File 2010 tax Example 1. File 2010 tax On May 23, 2007, Amy, who is unmarried for all years in this example, bought a house. File 2010 tax She moved in on that date and lived in it until May 31, 2009, when she moved out of the house and put it up for rent. File 2010 tax The house was rented from June 1, 2009, to March 31, 2011. File 2010 tax Amy claimed depreciation deductions in 2009 through 2011 totaling $10,000. File 2010 tax Amy moved back into the house on April 1, 2011, and lived there until she sold it on January 31, 2013, for a gain of $200,000. File 2010 tax During the 5-year period ending on the date of the sale (January 31, 2008-January 31, 2013), Amy owned and lived in the house for more than 2 years as shown in the following table. File 2010 tax Five Year Period Used as  Home Used as  Rental 1/31/08 – 5/31/09 16 months       6/1/09 – 3/31/11   22 months 4/1/11 – 1/31/13 22 months         38 months 22 months During the period Amy owned the house (2,080 days), her period of nonqualified use was 668 days. File 2010 tax Amy divides 668 by 2,080 and obtains a decimal (rounded to at least three decimal places) of 0. File 2010 tax 321. File 2010 tax To figure her gain attributable to the period of nonqualified use, she multiplies $190,000 (the gain not attributable to the $10,000 depreciation deduction) by 0. File 2010 tax 321. File 2010 tax Because the gain attributable to periods of nonqualified use is $60,990, Amy can exclude $129,010 of her gain. File 2010 tax Example 2. File 2010 tax William owned and used a house as his main home from 2007 through 2010. File 2010 tax On January 1, 2011, he moved to another state. File 2010 tax He rented his house from that date until April 30, 2013, when he sold it. File 2010 tax During the 5-year period ending on the date of sale (May 1, 2008-April 30, 2013), William owned and lived in the house for more than 2 years. File 2010 tax He must report the sale on Form 4797 because it was rental property at the time of sale. File 2010 tax Because the period of nonqualified use does not include any part of the 5-year period after the last date William lived in the house, he has no period of nonqualified use. File 2010 tax Because he met the ownership and use tests, he can exclude gain up to $250,000. File 2010 tax However, he cannot exclude the part of the gain equal to the depreciation he claimed or could have claimed for renting the house, as explained next. File 2010 tax Depreciation after May 6, 1997. File 2010 tax   If you were entitled to take depreciation deductions because you used your home for business purposes or as rental property, you cannot exclude the part of your gain equal to any depreciation allowed or allowable as a deduction for periods after May 6, 1997. File 2010 tax If you can show by adequate records or other evidence that the depreciation allowed was less than the amount allowable, then you may limit the amount of gain recognized to the depreciation allowed. File 2010 tax See Publication 544 for more information. File 2010 tax Property used partly for business or rental. File 2010 tax   If you used property partly as a home and partly for business or to produce rental income, see Publication 523. File 2010 tax Reporting the Sale Do not report the 2013 sale of your main home on your tax return unless: You have a gain and do not qualify to exclude all of it, You have a gain and choose not to exclude it, or You received Form 1099-S. File 2010 tax If any of these conditions apply, report the entire gain or loss. File 2010 tax For details on how to report the gain or loss, see the Instructions for Schedule D (Form 1040) and the Instructions for Form 8949. File 2010 tax If you used the home for business or to produce rental income, you may have to use Form 4797 to report the sale of the business or rental part (or the sale of the entire property if used entirely for business or rental). File 2010 tax See Business Use or Rental of Home in Publication 523 and the Instructions for Form 4797. File 2010 tax Installment sale. File 2010 tax    Some sales are made under arrangements that provide for part or all of the selling price to be paid in a later year. File 2010 tax These sales are called “installment sales. File 2010 tax ” If you finance the buyer's purchase of your home yourself instead of having the buyer get a loan or mortgage from a bank, you probably have an installment sale. File 2010 tax You may be able to report the part of the gain you cannot exclude on the installment basis. File 2010 tax    Use Form 6252, Installment Sale Income, to report the sale. File 2010 tax Enter your exclusion on line 15 of Form 6252. File 2010 tax Seller-financed mortgage. File 2010 tax   If you sell your home and hold a note, mortgage, or other financial agreement, the payments you receive in most cases consist of both interest and principal. File 2010 tax You must separately report as interest income the interest you receive as part of each payment. File 2010 tax If the buyer of your home uses the property as a main or second home, you must also report the name, address, and social security number (SSN) of the buyer on line 1 of Schedule B (Form 1040A or 1040). File 2010 tax The buyer must give you his or her SSN, and you must give the buyer your SSN. File 2010 tax Failure to meet these requirements may result in a $50 penalty for each failure. File 2010 tax If either you or the buyer does not have and is not eligible to get an SSN, see Social Security Number in chapter 1. File 2010 tax More information. File 2010 tax   For more information on installment sales, see Publication 537, Installment Sales. File 2010 tax Special Situations The situations that follow may affect your exclusion. File 2010 tax Sale of home acquired in a like-kind exchange. File 2010 tax   You cannot claim the exclusion if: You acquired your home in a like-kind exchange (also known as a section 1031 exchange), or your basis in your home is determined by reference to the basis of the home in the hands of the person who acquired the property in a like-kind exchange (for example, you received the home from that person as a gift), and You sold the home during the 5-year period beginning with the date your home was acquired in the like-kind exchange. File 2010 tax Gain from a like-kind exchange is not taxable at the time of the exchange. File 2010 tax This means that gain will not be taxed until you sell or otherwise dispose of the property you receive. File 2010 tax To defer gain from a like-kind exchange, you must have exchanged business or investment property for business or investment property of a like kind. File 2010 tax For more information about like-kind exchanges, see Publication 544, Sales and Other Dispositions of Assets. File 2010 tax Home relinquished in a like-kind exchange. File 2010 tax   If you use your main home partly for business or rental purposes and then exchange the home for another property, see Publication 523. File 2010 tax Expatriates. File 2010 tax   You cannot claim the exclusion if the expatriation tax applies to you. File 2010 tax The expatriation tax applies to certain U. File 2010 tax S. File 2010 tax citizens who have renounced their citizenship (and to certain long-term residents who have ended their residency). File 2010 tax For more information about the expatriation tax, see Expatriation Tax in chapter 4 of Publication 519, U. File 2010 tax S. File 2010 tax Tax Guide for Aliens. File 2010 tax Home destroyed or condemned. File 2010 tax   If your home was destroyed or condemned, any gain (for example, because of insurance proceeds you received) qualifies for the exclusion. File 2010 tax   Any part of the gain that cannot be excluded (because it is more than the maximum exclusion) can be postponed under the rules explained in: Publication 547, in the case of a home that was destroyed, or Publication 544, chapter 1, in the case of a home that was condemned. File 2010 tax Sale of remainder interest. File 2010 tax   Subject to the other rules in this chapter, you can choose to exclude gain from the sale of a remainder interest in your home. File 2010 tax If you make this choice, you cannot choose to exclude gain from your sale of any other interest in the home that you sell separately. File 2010 tax Exception for sales to related persons. File 2010 tax   You cannot exclude gain from the sale of a remainder interest in your home to a related person. File 2010 tax Related persons include your brothers, sisters, half-brothers, half-sisters, spouse, ancestors (parents, grandparents, etc. File 2010 tax ), and lineal descendants (children, grandchildren, etc. File 2010 tax ). File 2010 tax Related persons also include certain corporations, partnerships, trusts, and exempt organizations. File 2010 tax Recapturing (Paying Back) a Federal Mortgage Subsidy If you financed your home under a federally subsidized program (loans from tax-exempt qualified mortgage bonds or loans with mortgage credit certificates), you may have to recapture all or part of the benefit you received from that program when you sell or otherwise dispose of your home. File 2010 tax You recapture the benefit by increasing your federal income tax for the year of the sale. File 2010 tax You may have to pay this recapture tax even if you can exclude your gain from income under the rules discussed earlier; that exclusion does not affect the recapture tax. File 2010 tax Loans subject to recapture rules. File 2010 tax   The recapture applies to loans that: Came from the proceeds of qualified mortgage bonds, or Were based on mortgage credit certificates. File 2010 tax The recapture also applies to assumptions of these loans. File 2010 tax When recapture applies. File 2010 tax   Recapture of the federal mortgage subsidy applies only if you meet both of the following conditions. File 2010 tax You sell or otherwise dispose of your home at a gain within the first 9 years after the date you close your mortgage loan. File 2010 tax Your income for the year of disposition is more than that year's adjusted qualifying income for your family size for that year (related to the income requirements a person must meet to qualify for the federally subsidized program). File 2010 tax When recapture does not apply. File 2010 tax   Recapture does not apply in any of the following situations. File 2010 tax Your mortgage loan was a qualified home improvement loan (QHIL) of not more than $15,000 used for alterations, repairs, and improvements that protect or improve the basic livability or energy efficiency of your home. File 2010 tax Your mortgage loan was a QHIL of not more than $150,000 in the case of a QHIL used to repair damage from Hurricane Katrina to homes in the hurricane disaster area; a QHIL funded by a qualified mortgage bond that is a qualified Gulf Opportunity Zone Bond; or a QHIL for an owner-occupied home in the Gulf Opportunity Zone (GO Zone), Rita GO Zone, or Wilma GO Zone. File 2010 tax For more information, see Publication 4492, Information for Taxpayers Affected by Hurricanes Katrina, Rita, and Wilma. File 2010 tax Also see Publication 4492-B, Information for Affected Taxpayers in the Midwestern Disaster Areas. File 2010 tax The home is disposed of as a result of your death. File 2010 tax You dispose of the home more than 9 years after the date you closed your mortgage loan. File 2010 tax You transfer the home to your spouse, or to your former spouse incident to a divorce, where no gain is included in your income. File 2010 tax You dispose of the home at a loss. File 2010 tax Your home is destroyed by a casualty, and you replace it on its original site within 2 years after the end of the tax year when the destruction happened. File 2010 tax The replacement period is extended for main homes destroyed in a federally declared disaster area, a Midwestern disaster area, the Kansas disaster area, and the Hurricane Katrina disaster area. File 2010 tax For more information, see Replacement Period in Publication 547. File 2010 tax You refinance your mortgage loan (unless you later meet the conditions listed previously under When recapture applies ). File 2010 tax Notice of amounts. File 2010 tax   At or near the time of settlement of your mortgage loan, you should receive a notice that provides the federally subsidized amount and other information you will need to figure your recapture tax. File 2010 tax How to figure and report the recapture. File 2010 tax    The recapture tax is figured on Form 8828. File 2010 tax If you sell your home and your mortgage is subject to recapture rules, you must file Form 8828 even if you do not owe a recapture tax. File 2010 tax Attach Form 8828 to your Form 1040. File 2010 tax For more information, see Form 8828 and its instructions. File 2010 tax Prev  Up  Next   Home   More Online Publications
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The File 2010 Tax

File 2010 tax Index Symbols 1231 property sale, Sale of property interest. File 2010 tax 401(k) plans, Elective Deferrals Excess contributions, Excess Contributions 403(b) plans, Elective Deferrals Limit for, Limit for tax-sheltered annuities. File 2010 tax 457 plans, Elective Deferrals Limit for deferrals under, Limit for deferrals under section 457 plans. File 2010 tax 501(c)(18)(D) plans, Elective Deferrals Contributions, Section 501(c)(18)(D) contributions. File 2010 tax 501(c)(3) organizations, Student loans. File 2010 tax 529 program, Qualified tuition program (QTP). File 2010 tax 83(b) election, How to make the choice. File 2010 tax A Academic health centers Meals and lodging when teaching and research organization, Academic health center. File 2010 tax Accelerated death benefits, Accelerated Death Benefits Accident insurance, Accident or Health Plan Accidental death benefits, Accidental death benefits. File 2010 tax Accrual method taxpayers, Prepaid income. File 2010 tax Accrued leave payment At time of retirement or resignation, Accrued leave payment. File 2010 tax Disability retirement, Accrued leave payment. File 2010 tax Activity not for profit, Activity not for profit. File 2010 tax Adoption Employer assistance, Adoption Assistance Advance commissions, Miscellaneous Compensation Aircraft, Flights on employer-provided aircraft. File 2010 tax Airlines No-additional-cost services, No-Additional-Cost Services Valuation of flights on employer-provided aircraft, Flights on employer-provided aircraft. File 2010 tax Alaska Permanent Fund dividend, Alaska Permanent Fund dividend. File 2010 tax Alien status, waiver of, Waiver of alien status. File 2010 tax Aliens Nonresident, Nonresident aliens. File 2010 tax Alimony, Alimony. File 2010 tax Alternative minimum tax (AMT) Recoveries, refiguring of, Subject to alternative minimum tax. File 2010 tax Stock options, Alternative minimum tax (AMT). File 2010 tax Annuities Charitable gift, Charitable gift annuities. File 2010 tax Railroad retirement, Railroad retirement annuities. File 2010 tax Tax-sheltered, Limit for tax-sheltered annuities. File 2010 tax Archer MSAs, Archer MSA contributions. File 2010 tax , Medical savings accounts (Archer MSAs and Medicare Advantage MSAs). File 2010 tax Armed forces, Military Combat zone bonus, Veterans' benefits. File 2010 tax Disability, Disability. File 2010 tax Disability pensions, Military and Government Disability Pensions Health professions scholarship, Tuition Reduction Military action as cause of disability injuries, Terrorist attack or military action. File 2010 tax Qualified reservist distribution, Qualified reservist distribution (QRD). File 2010 tax Rehabilitative program payments, Veterans' benefits. File 2010 tax Retirement pay, Military retirement pay. File 2010 tax Veterans benefits, Veterans' benefits. File 2010 tax Assistance (see Tax help) Athletic facilities, employer-provided, Athletic Facilities Automobile (see Vehicle, employer-provided) Awards (see Damages from lawsuits) B Babysitting, Babysitting. File 2010 tax Back pay, award for, Back pay awards. File 2010 tax Backup withholding Barter exchange transactions, Backup withholding. File 2010 tax Bankruptcy Canceled debt not deemed to be income, Excluded debt. File 2010 tax Barter income, Bartering Below-market loans, Below-market loans. File 2010 tax Bequest for services, Bequest for services. File 2010 tax Bicycle, Transportation Fringe benefit, Qualified bicycle commuting. File 2010 tax Black lung benefit payments, Black lung benefit payments. File 2010 tax Bonuses, Bonuses and awards. File 2010 tax , Employee awards or bonuses. File 2010 tax Breach of contract Damages as income, Court awards and damages. File 2010 tax Bribes, Bribes. File 2010 tax Business expenses Reimbursements, Allowances and reimbursements. File 2010 tax Business income, Business and Investment Income, More information. File 2010 tax C Cafeteria plans, Cafeteria plans. File 2010 tax Campaign contributions, Campaign contributions. File 2010 tax Campus lodging, Qualified campus lodging. File 2010 tax , Moving Expense Reimbursements Cancellation of debt, Canceled Debts Cancellation of sales contracts, Canceled sales contract. File 2010 tax Capital gains Recoveries, Capital gains. File 2010 tax , Capital gains. File 2010 tax Capital gains or losses Employee stock option plans (ESOPs), Option granted at a discount. File 2010 tax Incentive stock options (ISOs), Incentive stock options (ISOs). File 2010 tax Sale of personal property, Sale of personal items. File 2010 tax Car (see Vehicle, employer-provided) Car pools, Car pools. File 2010 tax Cash or deferred arrangements (CODAs), Elective Deferrals Cash rebates, Cash rebates. File 2010 tax Casualty insurance Reimbursements from, Casualty insurance and other reimbursements. File 2010 tax Catch-up contributions, Catch-up contributions. File 2010 tax , Catch-up contributions. File 2010 tax Charitable gift annuities, Charitable gift annuities. File 2010 tax Child and Adult Care Food Program Payments to daycare providers, Food program payments to daycare providers. File 2010 tax Child support payments, Child support payments. File 2010 tax Childcare providers, Childcare providers. File 2010 tax , Food program payments to daycare providers. File 2010 tax Chronic illness, Chronically ill individual. File 2010 tax Accelerated death benefits paid to, Exclusion for chronic illness. File 2010 tax Citizens outside U. File 2010 tax S. File 2010 tax Exclusion of foreign income, Reminders Civil Rights Act of 1964, Title VII Back pay and damages for emotional distress under, Court awards and damages. File 2010 tax Clergy, Clergy Coal, Coal and iron ore. File 2010 tax Colleges and universities Faculty lodging, Faculty lodging. File 2010 tax Scholarships and fellowships, Scholarships and fellowships. File 2010 tax Commissions Advance, Miscellaneous Compensation Commuter highway vehicles, Transportation Compensation Employee, Employee Compensation Miscellaneous, Miscellaneous Compensation Unemployment, Unemployment compensation. File 2010 tax Workers', Workers' Compensation Compensatory damages, Other compensation. File 2010 tax , Court awards and damages. File 2010 tax Constructive receipt of income, Constructively received income. File 2010 tax Copyrights Infringement damages, Court awards and damages. File 2010 tax Royalties, Copyrights and patents. File 2010 tax Corporate directors, Corporate director. File 2010 tax Cost-of-living allowances, Government cost-of-living allowances. File 2010 tax Court awards, Court awards and damages. File 2010 tax (see also Damages from lawsuits) Credit card Insurance, Credit card insurance. File 2010 tax Credits Recoveries, refiguring of unused credits, Unused tax credits. File 2010 tax , Unused tax credits. File 2010 tax Currency transactions, foreign, Foreign currency transactions. File 2010 tax D Damages from lawsuits, Court awards and damages. File 2010 tax Back pay awards, Back pay awards. File 2010 tax Breach of contract, Court awards and damages. File 2010 tax Compensatory damages, Other compensation. File 2010 tax , Court awards and damages. File 2010 tax Emotional distress under Title VII, Civil Rights Act of 1964, Court awards and damages. File 2010 tax Punitive damages, Court awards and damages. File 2010 tax Daycare providers, Childcare providers. File 2010 tax (see also Childcare providers) Food program payments to, Food program payments to daycare providers. File 2010 tax De minimis benefits, De Minimis (Minimal) Benefits, Meals and Lodging Death benefits, Proceeds not received in installments. File 2010 tax (see also Life insurance) Accelerated, Accelerated Death Benefits Debts Canceled, Canceled Debts Excluded debt, Excluded debt. File 2010 tax Nonrecourse debts, Mortgage relief upon sale or other disposition. File 2010 tax Recourse, Mortgage relief upon sale or other disposition. File 2010 tax Stockholder's, Stockholder debt. File 2010 tax Deduction Costs of discrimination suits, Deduction for costs involved in unlawful discrimination suits. File 2010 tax Deferred compensation Nonqualified plans, Nonqualified deferred compensation plans. File 2010 tax , Nonqualified deferred compensation plans of nonqualified entities. File 2010 tax Dependent care benefits, Dependent Care Benefits Depletion allowance, Depletion. File 2010 tax Differential wage payments, Differential wage payments. File 2010 tax Armed forces, Differential wage payments. File 2010 tax Directors' fees, Corporate director. File 2010 tax Disability Military, Disability. File 2010 tax Pensions, Disability Pensions Workers' compensation, Disability pension. File 2010 tax Person with, Persons with disabilities. File 2010 tax Unemployment compensation, paid as substitute for, Types of unemployment compensation. File 2010 tax Disaster relief Disaster mitigation payments, Disaster mitigation payments. File 2010 tax Disaster Relief and Emergency Assistance Act Grants, Disaster relief grants. File 2010 tax Unemployment benefits, Unemployment Benefits Mitigation payments, Reminders Payments, Disaster relief payments. File 2010 tax Discounts Employee discounts, Employee Discounts Employee stock purchase plans, Option granted at a discount. File 2010 tax Mortgage loan for early payment, Discounted mortgage loan. File 2010 tax Dividends Restricted stock, Dividends received on restricted stock. File 2010 tax Divorced taxpayers Stock options exercised incident to divorce, Tax form. File 2010 tax Down payment assistance, Down payment assistance. File 2010 tax E Educational assistance Employer-provided, Educational Assistance Scholarships and fellowships, Scholarships and fellowships. File 2010 tax Educational institutions Faculty lodging, Faculty lodging. File 2010 tax Elderly persons Nutrition Program for the Elderly, Nutrition Program for the Elderly. File 2010 tax Tax Counseling for the Elderly, Volunteer tax counseling. File 2010 tax Election precinct officials, Election precinct official. File 2010 tax Elective deferrals, Elective Deferrals Catch-up contributions, Catch-up contributions. File 2010 tax , Catch-up contributions. File 2010 tax Excess annual additions, Excess Annual Additions Excess contributions, Excess Contributions Excess deferrals, Excess deferrals. File 2010 tax Increased limit for last 3 years prior to retirement age, Increased limit. File 2010 tax Limit on, Elective Deferrals Reporting by employer, Reporting by employer. File 2010 tax Emergency Homeowners' Loan Program, Hardest Hit Fund and Emergency Homeowners' Loan Program. File 2010 tax Emotional distress damages, Emotional distress. File 2010 tax Employee achievement awards, Employee achievement award. File 2010 tax Employee awards or bonuses, Employee awards or bonuses. File 2010 tax Employee compensation, Employee Compensation, Inherited property not substantially vested. File 2010 tax Fringe benefits, Fringe Benefits, Special valuation rules. File 2010 tax Restricted property, Restricted Property, Inherited property not substantially vested. File 2010 tax Retirement plan contributions, Retirement Plan Contributions Stock options, Stock Options, Statutory Stock Options Employee discounts, Employee Discounts Employee stock purchase plans, Statutory Stock Options, Employee stock purchase plan. File 2010 tax Employer, foreign, Foreign Employer Employer-owned life insurance, Employer-owned life insurance contract. File 2010 tax Employer-provided Educational assistance, Educational Assistance Vehicles, Employer-provided vehicles. File 2010 tax Employment Abroad, Employment abroad. File 2010 tax Agency fees, Employment agency fees. File 2010 tax Contracts Severance pay for cancellation of, Severance pay. File 2010 tax Endowment proceeds, Endowment Contract Proceeds Energy Assistance, Payments to reduce cost of winter energy. File 2010 tax Conservation Subsidies, Energy conservation subsidies. File 2010 tax Utility rebates, Utility rebates. File 2010 tax Estate income, Estate and trust income. File 2010 tax Estimated tax Unemployment compensation, Tax withholding. File 2010 tax Excess Annual additions, Excess Annual Additions Contributions, Excess Contributions Deferrals, Excess deferrals. File 2010 tax Expected inheritance, Expected inheritance. File 2010 tax Expenses paid by another, Expenses paid by another. File 2010 tax Exxon Valdez settlement, Exxon Valdez settlement income. File 2010 tax Eligible retirement plan, Contributions to eligible retirement plan. File 2010 tax Income averaging, Income averaging. File 2010 tax Legal expenses, Legal expenses. File 2010 tax Reporting requirement-statement, Statement. File 2010 tax F Faculty lodging, Faculty lodging. File 2010 tax Fair market value (FMV), Fair market value. File 2010 tax Stock options, Grant of option. File 2010 tax Farming Qualified farm debt, cancellation of, Excluded debt. File 2010 tax Federal employees Accrued leave payment, Accrued leave payment. File 2010 tax Cost-of-living allowances, Government cost-of-living allowances. File 2010 tax Disability pensions, Military and Government Disability Pensions Thrift Savings Plan for, Elective Deferrals Federal Employees Compensation Act (FECA) payments, Federal Employees' Compensation Act (FECA). File 2010 tax Federal income tax Refunds, Federal income tax refund. File 2010 tax Fees for services, Fees for services. File 2010 tax Financial counseling fees, Financial Counseling Fees Fellowships, Scholarships and fellowships. File 2010 tax FICA withholding Foreign employers, U. File 2010 tax S. File 2010 tax citizens working for in U. File 2010 tax S. File 2010 tax , Social security and Medicare taxes. File 2010 tax Paid by employer, Social security and Medicare taxes paid by employer. File 2010 tax Fiduciaries Fees for services, Fees for services. File 2010 tax , Personal representatives. File 2010 tax Financial counseling fees, Financial Counseling Fees (see also Retirement planning services) Fitness programs Employer-provided, Athletic Facilities Flights Employer-provided aircraft, Flights on employer-provided aircraft. File 2010 tax No-additional-cost services, No-Additional-Cost Services Food benefits Daycare providers, food program payments to, Food program payments to daycare providers. File 2010 tax Nutrition Program for the Elderly, Nutrition Program for the Elderly. File 2010 tax Foreign Currency transactions, Foreign currency transactions. File 2010 tax Employment, Foreign Employer Governments, employees of, Employees of international organizations or foreign governments. File 2010 tax Income, Reminders Service, Service-connected disability. File 2010 tax Form 1040 Excess contributions to elective deferrals, Excess Contributions Recoveries, Where to report. File 2010 tax Unemployment compensation, Unemployment Benefits Wages from Form W-2, Employee Compensation Form 1040 or 1040A, Schedule B Restricted stock dividends, Stock you chose to include in your income. File 2010 tax Form 1040, Schedule A Outplacement services, deduction for, Outplacement services. File 2010 tax Repayment of commissions paid in advance, Advance commissions and other earnings. File 2010 tax Form 1040, Schedule C Bartering, Bartering Childcare providers to use, Childcare providers. File 2010 tax Personal property rental, reporting income from, Reporting business income and expenses. File 2010 tax Royalties, Royalties Form 1040, Schedule C-EZ Bartering, Bartering Childcare Providers to use, Childcare providers. File 2010 tax Personal property rental, reporting income from, Reporting business income and expenses. File 2010 tax Royalties, Royalties Form 1040, Schedule D Stock options, Sale of the stock. File 2010 tax Stock options reported on, Statutory Stock Options Form 1040, Schedule E Partner's return, Partner's return. File 2010 tax Royalties, Royalties Form 1040A Recoveries, Where to report. File 2010 tax Unemployment compensation, Unemployment Benefits Wages from Form W-2, Employee Compensation Form 1040EZ Recoveries, Where to report. File 2010 tax Unemployment compensation, Unemployment Benefits Wages from Form W-2, Employee Compensation Form 1041 Estates and trusts, Estate and trust income. File 2010 tax Form 1041, Schedule K-1 Beneficiary's share of income, deductions, credits, etc. File 2010 tax , Estate and trust income. File 2010 tax Form 1065 Partnership return, Partnership return. File 2010 tax Form 1065, Schedule K-1 Partner's share of income, Schedule K-1 (Form 1065). File 2010 tax , Partnership Income Form 1098 Mortgage interest statement, Mortgage interest refund. File 2010 tax Form 1099-B Barter exchange transactions, Form 1099-B from barter exchange. File 2010 tax , Backup withholding. File 2010 tax Form 1099-C Cancellation of debt, Form 1099-C. File 2010 tax Form 1099-DIV Restricted stock dividends, Stock you chose to include in your income. File 2010 tax Form 1099-G State tax refunds, State tax refund. File 2010 tax Unemployment compensation, Unemployment Benefits Form 1099-MISC Services totaling $600 or more, Fees for services. File 2010 tax Stock options exercised incident to divorce, Tax form. File 2010 tax Form 1099-R Charitable gift annuities, Charitable gift annuities. File 2010 tax Excess annual additions, Excess Annual Additions Excess deferral amounts, Excess distributed to you. File 2010 tax Surrender of life insurance policy for cash, Surrender of policy for cash. File 2010 tax Form 1120-POL Political organizations, Campaign contributions. File 2010 tax Form 1120S S corporation return, S corporation return. File 2010 tax Form 1120S, Schedule K-1 Shareholder's share of income, credits, deductions, etc. File 2010 tax , Schedule K-1 (Form 1120S). File 2010 tax Form 2441 Child and dependent care expenses, Dependent Care Benefits Form 4255 Recapture of investment credit, Amounts Recovered for Credits Form 6251 Alternative minimum tax, Alternative minimum tax (AMT). File 2010 tax Form 8839 Adoption assistance, Adoption Assistance Form 8853 Accelerated death benefits, Form 8853. File 2010 tax Archer MSAs and long-term care insurance contracts, Archer MSA contributions. File 2010 tax Form 8919 Uncollected social security and Medicare tax on wages, Employee Compensation Form RRB-1099 Railroad retirement board payments, Form RRB-1099. File 2010 tax Form SSA-1099 Social security benefit statement, Form SSA-1099. File 2010 tax Form W-2 501(c)(18)(D) contributions, Section 501(c)(18)(D) contributions. File 2010 tax Accrued leave payment at time of retirement or resignation, Accrued leave payment. File 2010 tax Back pay awards, Back pay awards. File 2010 tax Bonuses or awards, Bonuses and awards. File 2010 tax Elective deferrals, reporting by employer, Reporting by employer. File 2010 tax Failure to receive from employer, Employee Compensation Fringe benefits reported on, Form W-2. File 2010 tax Stock options from employers, Tax form. File 2010 tax Wage and tax statement, Employee Compensation Form W-2G Gambling winnings, Form W-2G. File 2010 tax Form W-4V Unemployment compensation, voluntary withholding request, Tax withholding. File 2010 tax Form W-9 Request for taxpayer identification number, Backup withholding. File 2010 tax Foster care, Foster care providers. File 2010 tax Foster Grandparent Program, National Senior Service Corps programs. File 2010 tax Found property, Found property. File 2010 tax Free tax services, Free help with your tax return. File 2010 tax Fringe benefits, Fringe Benefits, Special valuation rules. File 2010 tax Accident and health insurance, Accident or Health Plan Adoption, employer assistance, Adoption Assistance Athletic facilities, Athletic Facilities Commuter highway vehicles, Transportation De minimis benefits, De Minimis (Minimal) Benefits, Meals and Lodging Dependent care benefits, Dependent Care Benefits Educational assistance, Educational Assistance Employee discounts, Employee Discounts Faculty lodging, Faculty lodging. File 2010 tax Financial counseling fees, Financial Counseling Fees Holiday gifts, Holiday gifts. File 2010 tax Meals and lodging, Meals and Lodging Moving expenses (see Moving expenses) No-additional-cost services, No-Additional-Cost Services Parking, Transportation Retirement planning (see Retirement planning services) Transit pass, Transportation, Transit pass. File 2010 tax Tuition reduction, Tuition Reduction Valuation of, Valuation of Fringe Benefits, Special valuation rules. File 2010 tax Vehicle, Employer-provided vehicles. File 2010 tax Working condition benefits, Working Condition Benefits Frozen deposits Interest on, Interest on frozen deposits. File 2010 tax G Gambling winnings and losses, Gambling winnings. File 2010 tax Gas Royalties from, Oil, gas, and minerals. File 2010 tax Gifts, Gifts and inheritances. File 2010 tax Holiday gifts from employer, Holiday gifts. File 2010 tax Government employees (see Federal employees; State employees) Grantor trusts, Grantor trust. File 2010 tax Group-term life insurance Worksheets, Figuring the taxable cost. File 2010 tax , Worksheet 1. File 2010 tax Figuring the Cost of Group-Term Life Insurance To Include in Income—Illustrated Gulf oil spill, Reminders, Gulf oil spill. File 2010 tax H HAMP Home affordable modification program Pay-for-performance success payments, Home Affordable Modification Program (HAMP). File 2010 tax Hardest Hit Fund Program, Hardest Hit Fund and Emergency Homeowners' Loan Program. File 2010 tax Health Flexible spending arrangement, Health flexible spending arrangement (health FSA). File 2010 tax Insurance, Accident or Health Plan Reimbursement arrangement, Health reimbursement arrangement (HRA). File 2010 tax Savings account, Health savings accounts (HSA). File 2010 tax Help (see Tax help) Highly compensated employees Excess contributions to elective deferrals, Excess Contributions Historic preservation grants, Historic preservation grants. File 2010 tax Hobby losses, Hobby losses. File 2010 tax Holding period requirement, Holding period requirement. File 2010 tax Holiday gifts, Holiday gifts. File 2010 tax Holocaust victims restitution, Holocaust victims restitution. File 2010 tax Home, sale of, Sale of home. File 2010 tax Host or hostess, Host or Hostess Hotels No-additional-cost services, No-Additional-Cost Services Housing (see Lodging) I Illegal activities, Illegal activities. File 2010 tax Incentive stock options (ISOs), Statutory Stock Options, Incentive stock options (ISOs). File 2010 tax Income Assigned, Assignment of income. File 2010 tax Business and investment, Business and Investment Income, More information. File 2010 tax Constructive receipt of, Constructively received income. File 2010 tax Estate and trust, Estate and trust income. File 2010 tax Foreign employers, Foreign Employer Illegal, Illegal activities. File 2010 tax Miscellaneous, Miscellaneous Income Other, Other Income Partnership, Partnership Income Prepaid, Prepaid income. File 2010 tax S corporation, S Corporation Income Indian fishing rights, Indian fishing rights. File 2010 tax Indian money account, Indian money account litigation settlement. File 2010 tax Individual retirement arrangements (IRAs) Deduction, Benefits may affect your IRA deduction. File 2010 tax Inherited IRA, Inherited pension or IRA. File 2010 tax Inheritance, Gifts and inheritances. File 2010 tax IRA, Inherited pension or IRA. File 2010 tax Property not substantially vested, Inherited property not substantially vested. File 2010 tax Injury benefits, Sickness and Injury Benefits, Reimbursement for medical care. File 2010 tax Insurance Credit card, Credit card insurance. File 2010 tax Health, Accident or Health Plan Life (see Life insurance) Long-term care (see Long-term care insurance) Interest Canceled debt including, Interest included in canceled debt. File 2010 tax Frozen deposits, Interest on frozen deposits. File 2010 tax Mortgage refunds, Mortgage interest refund. File 2010 tax Option on insurance, Interest option on insurance. File 2010 tax Recovery amounts, Interest on recovery. File 2010 tax Savings bond, Interest on qualified savings bonds. File 2010 tax State and local government obligations, Interest on state and local government obligations. File 2010 tax Interference with business operations Damages as income, Court awards and damages. File 2010 tax International organizations, employees of, Foreign Employer Interview expenses, Job interview expenses. File 2010 tax Investment counseling fees, Financial Counseling Fees (see also Retirement planning services) Investment income, Business and Investment Income, More information. File 2010 tax IRAs (see Individual retirement arrangements (IRAs)) Iron ore, Coal and iron ore. File 2010 tax Itemized deductions Limited, Itemized deductions limited. File 2010 tax Recoveries, Recoveries, Itemized Deduction Recoveries J Job interview expenses, Job interview expenses. File 2010 tax Joint returns Social security benefits or railroad retirement payments, Joint return. File 2010 tax Joint state/local tax return Recoveries, Joint state or local income tax return. File 2010 tax Jury duty pay, Jury duty. File 2010 tax K Kickbacks, Kickbacks. File 2010 tax L Labor unions Convention expenses, reimbursed, Reimbursed union convention expenses. File 2010 tax Dues, Union benefits and dues. File 2010 tax Strike and lockout benefits, Strike and lockout benefits. File 2010 tax Unemployment benefits paid from, Payments by a union. File 2010 tax Last day of tax year, income received on, Constructively received income. File 2010 tax Leave (see Accrued leave payment) Length-of-service awards, Employee achievement award. File 2010 tax Life insurance Employer-owned, Employer-owned life insurance contract. File 2010 tax Proceeds, Life Insurance Proceeds Surrender of policy for cash, Surrender of policy for cash. File 2010 tax Loans, Discounted mortgage loan. File 2010 tax (see also Mortgage) Below-market, Below-market loans. File 2010 tax Student, Student loans. File 2010 tax Lockout benefits, Strike and lockout benefits. File 2010 tax Lodging Campus lodging, Qualified campus lodging. File 2010 tax , Moving Expense Reimbursements Clergy, Housing Employer-paid or reimbursed, Meals and Lodging Faculty lodging, Faculty lodging. File 2010 tax Replacement housing payments, Replacement housing payments. File 2010 tax Long-term care insurance, Long-term care coverage. File 2010 tax , Long-Term Care Insurance Contracts Lotteries and raffles, Lotteries and raffles. File 2010 tax Lump-sum distributions Survivor benefits, Lump-sum payments. File 2010 tax M Manufacturer incentive payments, Manufacturer incentive payments. File 2010 tax Meals Employer-paid or reimbursed, Meals and Lodging Nutrition Program for the Elderly, Nutrition Program for the Elderly. File 2010 tax Medical Care reimbursements, Reimbursement for medical care. File 2010 tax Savings accounts, Medical savings accounts (Archer MSAs and Medicare Advantage MSAs). File 2010 tax Medicare Advantage MSAs, Medical savings accounts (Archer MSAs and Medicare Advantage MSAs). File 2010 tax Benefits, Medicare. File 2010 tax Tax paid by employer, Social security and Medicare taxes paid by employer. File 2010 tax Medicare tax (see Social security and Medicare taxes) Military (see Armed forces) Minerals Royalties from, Oil, gas, and minerals. File 2010 tax Miscellaneous Compensation, Miscellaneous Compensation Income, Miscellaneous Income Missing children, photographs of, Reminders Mortgage Assistance payment (under sec. File 2010 tax 235 of National Housing Act), Mortgage assistance payments under section 235 of the National Housing Act. File 2010 tax Discounted loan, Discounted mortgage loan. File 2010 tax Interest refund, Mortgage interest refund. File 2010 tax Qualified principal residence indebtedness, Qualified principal residence indebtedness (QPRI). File 2010 tax Relief, Mortgage relief upon sale or other disposition. File 2010 tax Motor vehicle, employer-provided, Employer-provided vehicles. File 2010 tax Moving expenses Reimbursements, Allowances and reimbursements. File 2010 tax , Moving expense reimbursements. File 2010 tax MSAs (Medical savings accounts), Medical savings accounts (Archer MSAs and Medicare Advantage MSAs). File 2010 tax N National Health Service Corps Scholarship Program, Tuition Reduction National Oceanic and Atmospheric Administration, Service-connected disability. File 2010 tax National Senior Service Corps, National Senior Service Corps programs. File 2010 tax No-additional-cost services, No-Additional-Cost Services No-fault car insurance Disability benefits under, Other compensation. File 2010 tax Nobel prize, Pulitzer, Nobel, and similar prizes. File 2010 tax Nonrecourse debt, Mortgage relief upon sale or other disposition. File 2010 tax Nonstatutory stock options, Nonstatutory Stock Options Nontaxable income, Introduction Not-for-profit activities, Activity not for profit. File 2010 tax Notary fees, Notary public. File 2010 tax Notes received for services, Note received for services. File 2010 tax Nutrition Program for the Elderly, Nutrition Program for the Elderly. File 2010 tax O Oil Royalties from, Oil, gas, and minerals. File 2010 tax Old-age, survivors, and disability insurance benefits (OASDI), Old-age, survivors, and disability insurance benefits (OASDI). File 2010 tax Options, stock, Stock Options, Statutory Stock Options Outplacement services, Outplacement services. File 2010 tax Overseas work, Reminders P Parking fees Employer-paid or reimbursed, Transportation, Qualified parking. File 2010 tax Partner and partnership income, Partnership Income Patents Infringement damages, Court awards and damages. File 2010 tax Royalties, Copyrights and patents. File 2010 tax Peace Corps, Peace Corps. File 2010 tax Pensions Clergy, Pension. File 2010 tax Disability pensions, Disability Pensions Inherited pensions, Inherited pension or IRA. File 2010 tax Military, Military retirement pay. File 2010 tax Personal property Rental income and expense, Rents From Personal Property Sale of, Sale of personal items. File 2010 tax Personal representatives (see Fiduciaries) Prepaid income, Prepaid income. File 2010 tax Price reduced after purchase, Price reduced after purchase. File 2010 tax Prizes and awards, Bonuses and awards. File 2010 tax , Prizes and awards. File 2010 tax Achievement awards, Employee achievement award. File 2010 tax Employee awards or bonuses, Employee awards or bonuses. File 2010 tax Length-of-service awards, Employee achievement award. File 2010 tax Pulitzer, Nobel, and similar prizes, Pulitzer, Nobel, and similar prizes. File 2010 tax Safety achievement, Employee achievement award. File 2010 tax Scholarship prizes, Prizes. File 2010 tax Profit-sharing plan, Retirement and profit-sharing plans. File 2010 tax Public assistance benefits, Welfare and Other Public Assistance Benefits Public Health Service, Service-connected disability. File 2010 tax Public safety officers killed in line of duty, Public safety officer killed in the line of duty. File 2010 tax Public transportation passes, employer-provided, Transportation, Transit pass. File 2010 tax Publications (see Tax help) Pulitzer prize, Pulitzer, Nobel, and similar prizes. File 2010 tax Punitive damages, Court awards and damages. File 2010 tax Q Qualified joint venture, Reminders Qualified tuition program (QTP), Qualified tuition program (QTP). File 2010 tax R Raffles, Lotteries and raffles. File 2010 tax Railroad Retirement annuities, Railroad retirement annuities. File 2010 tax Retirement benefits, Social security and equivalent railroad retirement benefits. File 2010 tax Sick pay, Railroad sick pay. File 2010 tax Unemployment compensation benefits, Types of unemployment compensation. File 2010 tax Real estate Qualified real property business debt, cancellation of, Excluded debt. File 2010 tax Rebates Cash, Cash rebates. File 2010 tax Utility, Utility rebates. File 2010 tax Recovery of amounts previously deducted, Recoveries, Standard deduction for earlier years. File 2010 tax Itemized deductions, Recoveries, Itemized Deduction Recoveries Non-itemized deductions, Non-Itemized Deduction Recoveries Unused tax credits, refiguring of, Unused tax credits. File 2010 tax , Unused tax credits. File 2010 tax Refunds Federal income tax, Federal income tax refund. File 2010 tax Mortgage interest, Mortgage interest refund. File 2010 tax State tax, State tax refund. File 2010 tax Rehabilitative program payments, Veterans' benefits. File 2010 tax Reimbursements Business expenses, Allowances and reimbursements. File 2010 tax Casualty losses, Casualty insurance and other reimbursements. File 2010 tax Meals and lodging, Meals and Lodging Medical expenses, Reimbursement for medical care. File 2010 tax Moving expenses, Allowances and reimbursements. File 2010 tax , Moving expense reimbursements. File 2010 tax Related party transactions Stock option transfer, Transfer in non-arm's-length transaction. File 2010 tax Religious order members, Members of Religious Orders Rental income and expenses Personal property rental, Rents From Personal Property Reporting of, Reporting business income and expenses. File 2010 tax Repayments, Repayments, Year of deduction (or credit). File 2010 tax Repossession, Canceled sales contract. File 2010 tax Restricted property, Restricted Property, Inherited property not substantially vested. File 2010 tax Retired Senior Volunteer Program (RSVP), National Senior Service Corps programs. File 2010 tax Retirement Settlement, Reminders Retirement planning services, Financial Counseling Fees, Retirement Planning Services Retirement plans, Military retirement pay. File 2010 tax (see also Pensions) Automatic contribution arrangements, Qualified automatic contribution arrangements. File 2010 tax Contributions, Retirement Plan Contributions, Excess Annual Additions, Statutory Stock Options Elective deferrals (see Elective deferrals) Rewards, Rewards. File 2010 tax Roth contributions, Designated Roth contributions. File 2010 tax Royalties, Royalties S S corporations, S Corporation Income Safety achievement awards, Employee achievement award. File 2010 tax Salary reduction simplified employee pension plans (see SARSEPs) Sale of home, Sale of home. File 2010 tax Sales contracts Cancellation of, Canceled sales contract. File 2010 tax SARSEPs, Elective Deferrals Excess contributions, Excess Contributions Savings bonds, Interest on qualified savings bonds. File 2010 tax Savings incentive match plans for employees (see SIMPLE plans) Scholarships and fellowships, Scholarships and fellowships. File 2010 tax Self-employed persons U. File 2010 tax S. File 2010 tax citizens working for foreign employers in U. File 2010 tax S. File 2010 tax treated as, Social security and Medicare taxes. File 2010 tax Senior Companion Program, National Senior Service Corps programs. File 2010 tax Service Corps of Retired Executives (SCORE), Service Corps of Retired Executives (SCORE). File 2010 tax Severance pay, Severance pay. File 2010 tax Outplacement services, Outplacement services. File 2010 tax Sick pay, Sick pay. File 2010 tax Sickness and injury benefits, Sickness and Injury Benefits, Reimbursement for medical care. File 2010 tax SIMPLE plans, Elective Deferrals Limit for deferrals under, Limit for deferrals under SIMPLE plans. File 2010 tax Smallpox vaccine injuries, Smallpox vaccine injuries. File 2010 tax Social security and Medicare taxes Foreign employers, U. File 2010 tax S. File 2010 tax citizens working for in U. File 2010 tax S. File 2010 tax , Social security and Medicare taxes. File 2010 tax Paid by employer, Social security and Medicare taxes paid by employer. File 2010 tax Social security benefits, Social security and equivalent railroad retirement benefits. File 2010 tax Standard deduction Recoveries, Standard deduction limit. File 2010 tax , Standard deduction for earlier years. File 2010 tax State employees Unemployment benefits paid to, State employees. File 2010 tax State or local governments Interest on obligations of, Interest on state and local government obligations. File 2010 tax State or local taxes Refunds, State tax refund. File 2010 tax Statutory stock option holding period, Sale of the stock. File 2010 tax Stock appreciation rights, Stock appreciation rights. File 2010 tax Stock options, Stock Options, Statutory Stock Options Stock options, nonstatutory Exercise or transfer, Exercise or transfer of option. File 2010 tax Grant, Grant of option. File 2010 tax Sale, Sale of the stock. File 2010 tax Stock options, statutory Exercise, Exercise of option. File 2010 tax Grant, Grant of option. File 2010 tax Sale, Sale of the stock. File 2010 tax Stockholder debts, Stockholder debt. File 2010 tax Stolen property, Stolen property. File 2010 tax Strike benefits, Strike and lockout benefits. File 2010 tax Student loans Cancellation of debt, Student loans. File 2010 tax Substantial risk of forfeiture, Substantial risk of forfeiture. File 2010 tax Substantially vested property, Substantially vested. File 2010 tax Supplemental security income (SSI) payments, Social security and equivalent railroad retirement benefits. File 2010 tax Supplemental unemployment benefits, Supplemental unemployment benefits. File 2010 tax Surviving spouse Life insurance proceeds paid to, Surviving spouse. File 2010 tax Survivor benefits, Survivor Benefits T Tables and figures Group-term life insurance (Table 1), Group-Term Life Insurance Tax benefit rule, Tax benefit rule. File 2010 tax Tax Counseling for the Elderly, Volunteer tax counseling. File 2010 tax Tax help, How To Get Tax Help Tax-sheltered annuity plans (403(b) plans), Elective Deferrals Limit for, Limit for tax-sheltered annuities. File 2010 tax Terminal illness, Exclusion for terminal illness. File 2010 tax Terrorist attacks Disability payments for injuries from, Terrorist attack or military action. File 2010 tax Victims of, tax relief, Reminders Thrift Savings Plan, Elective Deferrals Title VII, Civil Rights Act of 1964 Back pay and damages for emotional distress under, Court awards and damages. File 2010 tax Tour guides, free tours for, Free tour. File 2010 tax Trade Act of 1974 Trade readjustment allowances under, Types of unemployment compensation. File 2010 tax , Repayment of benefits. File 2010 tax Transferable property, Transferable property. File 2010 tax Transit passes, Transportation, Transit pass. File 2010 tax Travel agencies Free tour to organizer of group of tourists, Free tour. File 2010 tax Travel and transportation expenses Free tours from travel agencies, Free tour. File 2010 tax Fringe benefits, Transportation Reimbursements, Allowances and reimbursements. File 2010 tax School children, transporting of, Transporting school children. File 2010 tax Trusts Grantor trusts, Grantor trust. File 2010 tax Income, Estate and trust income. File 2010 tax Tuition program, qualified (QTP), Qualified tuition program (QTP). File 2010 tax Tuition reduction, Tuition Reduction U Unemployment compensation, Unemployment Benefits Unions (see Labor unions) Unlawful discrimination suits Deduction for costs, Deduction for costs involved in unlawful discrimination suits. File 2010 tax V VA payments, VA payments. File 2010 tax Valuation Fringe benefits, Valuation of Fringe Benefits, Special valuation rules. File 2010 tax Stock options, Nonstatutory Stock Options Vehicle Commuter highway, Commuter highway vehicle. File 2010 tax Employer-provided, Employer-provided vehicles. File 2010 tax Veterans benefits, Veterans' benefits. File 2010 tax Disability compensation, Retroactive VA determination. File 2010 tax Retroactive VA determination, Retroactive VA determination. File 2010 tax Special statute of limitations. File 2010 tax , Special statute of limitations. File 2010 tax Viatical settlements, Viatical settlement. File 2010 tax Volunteer work, Volunteers Tax counseling (Volunteer Income Tax Assistance Program), Volunteer tax counseling. File 2010 tax Volunteers in Service to America (VISTA), Volunteers in Service to America (VISTA). File 2010 tax W W-2 form (see Form W-2) Welfare benefits, Welfare and Other Public Assistance Benefits Whistleblower, Whistleblower's award. File 2010 tax Winter energy payments, Payments to reduce cost of winter energy. File 2010 tax Withholding Barter exchange transactions, Backup withholding. File 2010 tax Unemployment compensation, Tax withholding. File 2010 tax Work-training programs, Work-training program. File 2010 tax Workers' compensation, Workers' Compensation Working condition benefits, Working Condition Benefits Worksheets Group-term life insurance (Worksheet 1), Figuring the taxable cost. File 2010 tax , Worksheet 1. File 2010 tax Figuring the Cost of Group-Term Life Insurance To Include in Income—Illustrated Prev  Up     Home   More Online Publications