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File 2011 Taxes Turbotax

File 2011 taxes turbotax 1. File 2011 taxes turbotax   Investment Income Table of Contents Topics - This chapter discusses: Useful Items - You may want to see: General InformationSSN for joint account. File 2011 taxes turbotax Custodian account for your child. File 2011 taxes turbotax Penalty for failure to supply SSN. File 2011 taxes turbotax Certification. File 2011 taxes turbotax Underreported interest and dividends. File 2011 taxes turbotax How to stop backup withholding due to underreporting. File 2011 taxes turbotax How to stop backup withholding due to an incorrect identification number. File 2011 taxes turbotax Reporting backup withholding. File 2011 taxes turbotax Nonresident aliens. File 2011 taxes turbotax Penalties. File 2011 taxes turbotax Savings account with parent as trustee. File 2011 taxes turbotax Interest IncomeInterest not reported on Form 1099-INT. File 2011 taxes turbotax Nominees. File 2011 taxes turbotax Incorrect amount. File 2011 taxes turbotax Information reporting requirement. File 2011 taxes turbotax Taxable Interest — General Below-Market Loans U. File 2011 taxes turbotax S. File 2011 taxes turbotax Savings Bonds U. File 2011 taxes turbotax S. File 2011 taxes turbotax Treasury Bills, Notes, and Bonds Bonds Sold Between Interest Dates Insurance State or Local Government Obligations Discount on Debt InstrumentsOriginal Issue Discount (OID) Market Discount Bonds Discount on Short-Term Obligations Election To Report All Interest as OID When To Report Interest IncomeConstructive receipt. File 2011 taxes turbotax How To Report Interest IncomeSchedule B (Form 1040A or 1040). File 2011 taxes turbotax Worksheet for savings bonds distributed from a retirement or profit-sharing plan. File 2011 taxes turbotax File Form 1099-INT with the IRS. File 2011 taxes turbotax Dividends and Other DistributionsDividends not reported on Form 1099-DIV. File 2011 taxes turbotax Nominees. File 2011 taxes turbotax Ordinary Dividends Capital Gain Distributions Nondividend Distributions Liquidating Distributions Distributions of Stock and Stock Rights Other Distributions How To Report Dividend IncomeElection. File 2011 taxes turbotax Independent contractor. File 2011 taxes turbotax Investment interest deducted. File 2011 taxes turbotax Exception 1. File 2011 taxes turbotax Exception 2. File 2011 taxes turbotax Undistributed capital gains. File 2011 taxes turbotax File Form 1099-DIV with the IRS. File 2011 taxes turbotax Stripped Preferred Stock REMICs, FASITs, and Other CDOsREMICs Collateralized Debt Obligations (CDOs) FASITs S CorporationsLimit on losses and deductions. File 2011 taxes turbotax Passive activity losses. File 2011 taxes turbotax Form 8582. File 2011 taxes turbotax Investment ClubsInvestments in name of member. File 2011 taxes turbotax Tax Treatment of the Club Topics - This chapter discusses: Interest Income , Discount on Debt Instruments , When To Report Interest Income , How To Report Interest Income , Dividends and Other Distributions , How To Report Dividend Income , Stripped Preferred Stock , Real estate mortgage investment conduits (REMICs), financial asset securitization investment trusts (FASITs), and other collateralized debt obligations (CDOs) , S Corporations , and Investment Clubs . File 2011 taxes turbotax Useful Items - You may want to see: Publication 525 Taxable and Nontaxable Income 537 Installment Sales 590 Individual Retirement Arrangements (IRAs) 925 Passive Activity and At-Risk Rules 1212 Guide to Original Issue Discount (OID) Instruments Form (and Instructions) Schedule B (Form 1040A or 1040) Interest and Ordinary Dividends Schedule D (Form 1040) Capital Gains and Losses 1040 U. File 2011 taxes turbotax S. File 2011 taxes turbotax Individual Income Tax Return 1040A U. File 2011 taxes turbotax S. File 2011 taxes turbotax Individual Income Tax Return 1040EZ Income Tax Return for Single and Joint Filers With No Dependents 1099 General Instructions for Certain Information Returns 2439 Notice to Shareholder of Undistributed Long-Term Capital Gains 3115 Application for Change in Accounting Method 6251 Alternative Minimum Tax — Individuals 8582 Passive Activity Loss Limitations 8615 Tax for Certain Children Who Have Unearned Income 8814 Parents' Election To Report Child's Interest and Dividends 8815 Exclusion of Interest From Series EE and I U. File 2011 taxes turbotax S. File 2011 taxes turbotax Savings Bonds Issued After 1989 8818 Optional Form To Record Redemption of Series EE and I U. File 2011 taxes turbotax S. File 2011 taxes turbotax Savings Bonds Issued After 1989 8824 Like-Kind Exchanges 8949 Sales and Other Dispositions of Capital Assets 8960 Net Investment Income Tax—Individuals, Estates, and Trusts See chapter 5, How To Get Tax Help , for information about getting these publications and forms. File 2011 taxes turbotax General Information A few items of general interest are covered here. File 2011 taxes turbotax Recordkeeping. File 2011 taxes turbotax You should keep a list showing sources and investment income amounts you receive during the year. File 2011 taxes turbotax Also keep the forms you receive showing your investment income (Forms 1099-INT, Interest Income, and 1099-DIV, Dividends and Distributions, for example) as an important part of your records. File 2011 taxes turbotax Net investment income tax (NIIT). File 2011 taxes turbotax   Beginning in 2013, you may be subject to the NIIT. File 2011 taxes turbotax The NIIT is a 3. File 2011 taxes turbotax 8% tax on the lesser of your net investment income or the amount of your modified adjusted gross income (MAGI) that is over a threshold amount based on your filing status. File 2011 taxes turbotax    Filing Status Threshold Amount Married filing jointly $250,000 Married filing separately $125,000 Single $200,000 Head of household (with qualifying person) $200,000 Qualifying Widow(er) with dependent child $250,000    For more information, see Form 8960 and Instructions for Form 8960. File 2011 taxes turbotax Tax on unearned income of certain children. File 2011 taxes turbotax   Part of a child's 2013 unearned income may be taxed at the parent's tax rate. File 2011 taxes turbotax This may happen if all of the following are true. File 2011 taxes turbotax The child had more than $2,000 of unearned income. File 2011 taxes turbotax The child is required to file a tax return. File 2011 taxes turbotax The child was: Under age 18 at the end of 2013, Age 18 at the end of 2013 and did not have earned income that was more than half of the child's support, or A full-time student over age 18 and under age 24 at the end of 2013 and did not have earned income that was more than half of the child's support. File 2011 taxes turbotax At least one of the child's parents was alive at the end of 2013. File 2011 taxes turbotax The child does not file a joint return for 2013. File 2011 taxes turbotax A child born on January 1, 1996, is considered to be age 18 at the end of 2013; a child born on January 1, 1995, is considered to be age 19 at the end of 2013; a child born on January 1, 1990, is considered to be age 24 at the end of 2013. File 2011 taxes turbotax   If all of these statements are true, Form 8615 must be completed and attached to the child's tax return. File 2011 taxes turbotax If any of these statements is not true, Form 8615 is not required and the child's income is taxed at his or her own tax rate. File 2011 taxes turbotax    However, the parent can choose to include the child's interest and dividends on the parent's return if certain requirements are met. File 2011 taxes turbotax Use Form 8814 for this purpose. File 2011 taxes turbotax   For more information about the tax on unearned income of children and the parents' election, see Publication 929, Tax Rules for Children and Dependents. File 2011 taxes turbotax Beneficiary of an estate or trust. File 2011 taxes turbotax   Interest, dividends, and other investment income you receive as a beneficiary of an estate or trust is generally taxable income. File 2011 taxes turbotax You should receive a Schedule K-1 (Form 1041), Beneficiary's Share of Income, Deductions, Credits, etc. File 2011 taxes turbotax , from the fiduciary. File 2011 taxes turbotax Your copy of Schedule K-1 (Form 1041) and its instructions will tell you where to report the income on your Form 1040. File 2011 taxes turbotax Social security number (SSN). File 2011 taxes turbotax   You must give your name and SSN or individual tax identification number (ITIN) to any person required by federal tax law to make a return, statement, or other document that relates to you. File 2011 taxes turbotax This includes payers of interest and dividends. File 2011 taxes turbotax If you do not give your SSN or ITIN to the payer of interest, you may have to pay a penalty. File 2011 taxes turbotax SSN for joint account. File 2011 taxes turbotax   If the funds in a joint account belong to one person, list that person's name first on the account and give that person's SSN to the payer. File 2011 taxes turbotax (For information on who owns the funds in a joint account, see Joint accounts , later. File 2011 taxes turbotax ) If the joint account contains combined funds, give the SSN of the person whose name is listed first on the account. File 2011 taxes turbotax This is because only one name and SSN can be shown on Form 1099. File 2011 taxes turbotax   These rules apply both to joint ownership by a married couple and to joint ownership by other individuals. File 2011 taxes turbotax For example, if you open a joint savings account with your child using funds belonging to the child, list the child's name first on the account and give the child's SSN. File 2011 taxes turbotax Custodian account for your child. File 2011 taxes turbotax   If your child is the actual owner of an account that is recorded in your name as custodian for the child, give the child's SSN to the payer. File 2011 taxes turbotax For example, you must give your child's SSN to the payer of dividends on stock owned by your child, even though the dividends are paid to you as custodian. File 2011 taxes turbotax Penalty for failure to supply SSN. File 2011 taxes turbotax   You will be subject to a penalty if, when required, you fail to: Include your SSN on any return, statement, or other document, Give your SSN to another person who must include it on any return, statement, or other document, or Include the SSN of another person on any return, statement, or other document. File 2011 taxes turbotax The penalty is $50 for each failure up to a maximum penalty of $100,000 for any calendar year. File 2011 taxes turbotax   You will not be subject to this penalty if you can show that your failure to provide the SSN was due to reasonable cause and not to willful neglect. File 2011 taxes turbotax   If you fail to supply an SSN, you may also be subject to backup withholding. File 2011 taxes turbotax Backup withholding. File 2011 taxes turbotax   Your investment income is generally not subject to regular withholding. File 2011 taxes turbotax However, it may be subject to backup withholding to ensure that income tax is collected on the income. File 2011 taxes turbotax Under backup withholding, the bank, broker, or other payer of interest, original issue discount (OID), dividends, cash patronage dividends, or royalties must withhold, as income tax, on the amount you are paid, applying the appropriate withholding rate. File 2011 taxes turbotax   Backup withholding applies if: You do not give the payer your identification number (either a social security number or an employer identification number) in the required manner, The IRS notifies the payer that you gave an incorrect identification number, The IRS notifies the payer that you are subject to backup withholding on interest or dividends because you have underreported interest or dividends on your income tax return, or You are required, but fail, to certify that you are not subject to backup withholding for the reason described in (3). File 2011 taxes turbotax Certification. File 2011 taxes turbotax   For new accounts paying interest or dividends, you must certify under penalties of perjury that your SSN is correct and that you are not subject to backup withholding. File 2011 taxes turbotax Your payer will give you a Form W-9, Request for Taxpayer Identification Number and Certification, or similar form, to make this certification. File 2011 taxes turbotax If you fail to make this certification, backup withholding may begin immediately on your new account or investment. File 2011 taxes turbotax Underreported interest and dividends. File 2011 taxes turbotax   You will be considered to have underreported your interest and dividends if the IRS has determined for a tax year that: You failed to include any part of a reportable interest or dividend payment required to be shown on your return, or You were required to file a return and to include a reportable interest or dividend payment on that return, but you failed to file the return. File 2011 taxes turbotax How to stop backup withholding due to underreporting. File 2011 taxes turbotax   If you have been notified that you underreported interest or dividends, you can request a determination from the IRS to prevent backup withholding from starting or to stop backup withholding once it has begun. File 2011 taxes turbotax You must show that at least one of the following situations applies. File 2011 taxes turbotax No underreporting occurred. File 2011 taxes turbotax You have a bona fide dispute with the IRS about whether underreporting occurred. File 2011 taxes turbotax Backup withholding will cause or is causing an undue hardship, and it is unlikely that you will underreport interest and dividends in the future. File 2011 taxes turbotax You have corrected the underreporting by filing a return if you did not previously file one and by paying all taxes, penalties, and interest due for any underreported interest or dividend payments. File 2011 taxes turbotax   If the IRS determines that backup withholding should stop, it will provide you with a certification and will notify the payers who were sent notices earlier. File 2011 taxes turbotax How to stop backup withholding due to an incorrect identification number. File 2011 taxes turbotax   If you have been notified by a payer that you are subject to backup withholding because you have provided an incorrect SSN or employer identification number, you can stop it by following the instructions the payer gives you. File 2011 taxes turbotax Reporting backup withholding. File 2011 taxes turbotax   If backup withholding is deducted from your interest or dividend income or other reportable payment, the bank or other business must give you an information return for the year (for example, a Form 1099-INT) indicating the amount withheld. File 2011 taxes turbotax The information return will show any backup withholding as “Federal income tax withheld. File 2011 taxes turbotax ” Nonresident aliens. File 2011 taxes turbotax    Generally, payments made to nonresident aliens are not subject to backup withholding. File 2011 taxes turbotax You can use Form W-8BEN, Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding, to certify exempt status. File 2011 taxes turbotax However, this does not exempt you from the 30% (or lower treaty) withholding rate that may apply to your investment income. File 2011 taxes turbotax For information on the 30% rate, see Publication 519, U. File 2011 taxes turbotax S. File 2011 taxes turbotax Tax Guide for Aliens. File 2011 taxes turbotax Penalties. File 2011 taxes turbotax   There are civil and criminal penalties for giving false information to avoid backup withholding. File 2011 taxes turbotax The civil penalty is $500. File 2011 taxes turbotax The criminal penalty, upon conviction, is a fine of up to $1,000, or imprisonment of up to 1 year, or both. File 2011 taxes turbotax Where to report investment income. File 2011 taxes turbotax   Table 1-1 gives an overview of the forms and schedules to use to report some common types of investment income. File 2011 taxes turbotax But see the rest of this publication for detailed information about reporting investment income. File 2011 taxes turbotax Joint accounts. File 2011 taxes turbotax   If two or more persons hold property (such as a savings account, bond, or stock) as joint tenants, tenants by the entirety, or tenants in common, each person's share of any interest or dividends from the property is determined by local law. File 2011 taxes turbotax Community property states. File 2011 taxes turbotax   If you are married and receive a distribution that is community income, one-half of the distribution is generally considered to be received by each spouse. File 2011 taxes turbotax If you file separate returns, you must each report one-half of any taxable distribution. File 2011 taxes turbotax See Publication 555, Community Property, for more information on community income. File 2011 taxes turbotax   If the distribution is not considered community property and you and your spouse file separate returns, each of you must report your separate taxable distributions. File 2011 taxes turbotax Example. File 2011 taxes turbotax You and your spouse have a joint money market account. File 2011 taxes turbotax Under state law, half the income from the account belongs to you, and half belongs to your spouse. File 2011 taxes turbotax If you file separate returns, you each report half the income. File 2011 taxes turbotax Income from property given to a child. File 2011 taxes turbotax   Property you give as a parent to your child under the Model Gifts of Securities to Minors Act, the Uniform Gifts to Minors Act, or any similar law becomes the child's property. File 2011 taxes turbotax   Income from the property is taxable to the child, except that any part used to satisfy a legal obligation to support the child is taxable to the parent or guardian having that legal obligation. File 2011 taxes turbotax Savings account with parent as trustee. File 2011 taxes turbotax   Interest income from a savings account opened for a minor child, but placed in the name and subject to the order of the parents as trustees, is taxable to the child if, under the law of the state in which the child resides, both of the following are true. File 2011 taxes turbotax The savings account legally belongs to the child. File 2011 taxes turbotax The parents are not legally permitted to use any of the funds to support the child. File 2011 taxes turbotax Table 1-1. File 2011 taxes turbotax Where To Report Common Types of Investment Income (For detailed information about reporting investment income, see the rest of this publication, especially How To Report Interest Income and How To Report Dividend Income in chapter 1. File 2011 taxes turbotax ) Type of Income If you file Form 1040, report on . File 2011 taxes turbotax . File 2011 taxes turbotax . File 2011 taxes turbotax If you can file Form 1040A, report on . File 2011 taxes turbotax . File 2011 taxes turbotax . File 2011 taxes turbotax If you can file Form 1040EZ, report on . File 2011 taxes turbotax . File 2011 taxes turbotax . File 2011 taxes turbotax Tax-exempt interest (Form 1099-INT, box 8) Line 8b Line 8b Space to the left of line 2 (enter “TEI” and the amount) Taxable interest that totals $1,500 or less Line 8a (You may need to file Schedule B as well. File 2011 taxes turbotax ) Line 8a (You may need to file Schedule B as well. File 2011 taxes turbotax ) Line 2 Taxable interest that totals more than $1,500 Line 8a; also use Schedule B, line 1 Line 8a; also use Schedule B, line 1   Savings bond interest you will exclude because of higher education expenses Schedule B; also use Form 8815 Schedule B; also use Form 8815   Ordinary dividends that total $1,500 or less Line 9a (You may need to file Schedule B as well. File 2011 taxes turbotax ) Line 9a (You may need to file Schedule B as well. File 2011 taxes turbotax )   Ordinary dividends that total more than $1,500 Line 9a; also use Schedule B, line 5 Line 9a; also use Schedule B, line 5   Qualified dividends (if you do not have to file Schedule D) Line 9b; also use the Qualified Dividends and Capital Gain Tax Worksheet, line 2 Line 9b; also use the Qualified Dividends and Capital Gain Tax Worksheet, line 2   Qualified dividends (if you have to file Schedule D) Line 9b; also use the Qualified Dividends and Capital Gain Tax Worksheet or the Schedule D Tax Worksheet, line 2 You cannot use Form 1040A    You cannot use Form 1040EZ Capital gain distributions (if you do not have to file Schedule D) Line 13; also use the Qualified Dividends and Capital Gain Tax Worksheet, line 3 Line 10; also use the Qualified Dividends and Capital Gain Tax Worksheet, line 3   Capital gain distributions (if you have to file Schedule D) Schedule D, line 13; also use the Qualified Dividends and Capital Gain Tax Worksheet or the Schedule D Tax Worksheet     Section 1250, 1202, or collectibles gain (Form 1099-DIV, box 2b, 2c, or 2d) Form 8949 and Schedule D     Nondividend distributions (Form 1099-DIV, box 3) Generally not reported*     Undistributed capital gains (Form 2439, boxes 1a - 1d) Schedule D     Gain or loss from sales of stocks or bonds Line 13; also use Form 8949, Schedule D, and the Qualified Dividends and Capital Gain Tax Worksheet or the Schedule D Tax Worksheet You cannot use Form 1040A   Gain or loss from exchanges of like-kind investment property Line 13; also use Schedule D, Form 8824, and the Qualified Dividends and Capital Gain Tax Worksheet or the Schedule D Tax Worksheet     *Report any amounts in excess of your basis in your mutual fund shares on Form 8949. File 2011 taxes turbotax Use Part II if you held the shares more than 1 year. File 2011 taxes turbotax Use Part I if you held your mutual fund shares 1 year or less. File 2011 taxes turbotax For details on Form 8949, see Reporting Capital Gains and Losses in chapter 4, and the Instructions for Form 8949. File 2011 taxes turbotax Accuracy-related penalty. File 2011 taxes turbotax   An accuracy-related penalty of 20% can be charged for underpayments of tax due to negligence or disregard of rules or regulations or substantial understatement of tax. File 2011 taxes turbotax For information on the penalty and any interest that applies, see Penalties in chapter 2. File 2011 taxes turbotax Interest Income This section discusses the tax treatment of different types of interest income. File 2011 taxes turbotax In general, any interest that you receive or that is credited to your account and can be withdrawn is taxable income. File 2011 taxes turbotax (It does not have to be entered in your passbook. File 2011 taxes turbotax ) Exceptions to this rule are discussed later. File 2011 taxes turbotax Form 1099-INT. File 2011 taxes turbotax   Interest income is generally reported to you on Form 1099-INT, or a similar statement, by banks, savings and loans, and other payers of interest. File 2011 taxes turbotax This form shows you the interest you received during the year. File 2011 taxes turbotax Keep this form for your records. File 2011 taxes turbotax You do not have to attach it to your tax return. File 2011 taxes turbotax   Report on your tax return the total interest income you receive for the tax year. File 2011 taxes turbotax Interest not reported on Form 1099-INT. File 2011 taxes turbotax   Even if you do not receive Form 1099-INT, you must still report all of your interest income. File 2011 taxes turbotax For example, you may receive distributive shares of interest from partnerships or S corporations. File 2011 taxes turbotax This interest is reported to you on Schedule K-1 (Form 1065), Partner's Share of Income, Deductions, Credits, etc. File 2011 taxes turbotax , and Schedule K-1 (Form 1120S), Shareholder's Share of Income, Deductions, Credits, etc. File 2011 taxes turbotax Nominees. File 2011 taxes turbotax   Generally, if someone receives interest as a nominee for you, that person must give you a Form 1099-INT showing the interest received on your behalf. File 2011 taxes turbotax   If you receive a Form 1099-INT that includes amounts belonging to another person, see the discussion on Nominee distributions , later, under How To Report Interest Income. File 2011 taxes turbotax Incorrect amount. File 2011 taxes turbotax   If you receive a Form 1099-INT that shows an incorrect amount (or other incorrect information), you should ask the issuer for a corrected form. File 2011 taxes turbotax The new Form 1099-INT you receive will be marked “Corrected. File 2011 taxes turbotax ” Form 1099-OID. File 2011 taxes turbotax   Reportable interest income also may be shown on Form 1099-OID, Original Issue Discount. File 2011 taxes turbotax For more information about amounts shown on this form, see Original Issue Discount (OID) , later in this chapter. File 2011 taxes turbotax Exempt-interest dividends. File 2011 taxes turbotax   Exempt-interest dividends you receive from a mutual fund or other regulated investment company, including those received from a qualified fund of funds in any tax year beginning after December 22, 2010, are not included in your taxable income. File 2011 taxes turbotax (However, see Information reporting requirement , next. File 2011 taxes turbotax ) Exempt-interest dividends should be shown in box 10 of Form 1099-DIV. File 2011 taxes turbotax You do not reduce your basis for distributions that are exempt-interest dividends. File 2011 taxes turbotax Information reporting requirement. File 2011 taxes turbotax   Although exempt-interest dividends are not taxable, you must show them on your tax return if you have to file. File 2011 taxes turbotax This is an information reporting requirement and does not change the exempt-interest dividends into taxable income. File 2011 taxes turbotax See How To Report Interest Income , later. File 2011 taxes turbotax Note. File 2011 taxes turbotax Exempt-interest dividends paid from specified private activity bonds may be subject to the alternative minimum tax. File 2011 taxes turbotax The exempt-interest dividends subject to the alternative minimum tax are shown in box 11 of Form 1099-DIV. File 2011 taxes turbotax See Form 6251 and its instructions for more information about this tax. File 2011 taxes turbotax Private activity bonds are discussed later under State or Local Government Obligations. File 2011 taxes turbotax Interest on VA dividends. File 2011 taxes turbotax   Interest on insurance dividends left on deposit with the Department of Veterans Affairs (VA) is not taxable. File 2011 taxes turbotax This includes interest paid on dividends on converted United States Government Life Insurance policies and on National Service Life Insurance policies. File 2011 taxes turbotax Individual retirement arrangements (IRAs). File 2011 taxes turbotax   Interest on a Roth IRA generally is not taxable. File 2011 taxes turbotax Interest on a traditional IRA is tax deferred. File 2011 taxes turbotax You generally do not include it in your income until you make withdrawals from the IRA. File 2011 taxes turbotax See Publication 590 for more information. File 2011 taxes turbotax Taxable Interest — General Taxable interest includes interest you receive from bank accounts, loans you make to others, and other sources. File 2011 taxes turbotax The following are some sources of taxable interest. File 2011 taxes turbotax Dividends that are actually interest. File 2011 taxes turbotax   Certain distributions commonly called dividends are actually interest. File 2011 taxes turbotax You must report as interest so-called “dividends” on deposits or on share accounts in: Cooperative banks, Credit unions, Domestic building and loan associations, Domestic savings and loan associations, Federal savings and loan associations, and Mutual savings banks. File 2011 taxes turbotax  The “dividends” will be shown as interest income on Form 1099-INT. File 2011 taxes turbotax Money market funds. File 2011 taxes turbotax   Money market funds are offered by nonbank financial institutions such as mutual funds and stock brokerage houses, and pay dividends. File 2011 taxes turbotax Generally, amounts you receive from money market funds should be reported as dividends, not as interest. File 2011 taxes turbotax Certificates of deposit and other deferred interest accounts. File 2011 taxes turbotax   If you open any of these accounts, interest may be paid at fixed intervals of 1 year or less during the term of the account. File 2011 taxes turbotax You generally must include this interest in your income when you actually receive it or are entitled to receive it without paying a substantial penalty. File 2011 taxes turbotax The same is true for accounts that mature in 1 year or less and pay interest in a single payment at maturity. File 2011 taxes turbotax If interest is deferred for more than 1 year, see Original Issue Discount (OID) , later. File 2011 taxes turbotax Interest subject to penalty for early withdrawal. File 2011 taxes turbotax   If you withdraw funds from a deferred interest account before maturity, you may have to pay a penalty. File 2011 taxes turbotax You must report the total amount of interest paid or credited to your account during the year, without subtracting the penalty. File 2011 taxes turbotax See Penalty on early withdrawal of savings under How To Report Interest Income, later, for more information on how to report the interest and deduct the penalty. File 2011 taxes turbotax Money borrowed to invest in certificate of deposit. File 2011 taxes turbotax   The interest you pay on money borrowed from a bank or savings institution to meet the minimum deposit required for a certificate of deposit from the institution and the interest you earn on the certificate are two separate items. File 2011 taxes turbotax You must report the total interest you earn on the certificate in your income. File 2011 taxes turbotax If you itemize deductions, you can deduct the interest you pay as investment interest, up to the amount of your net investment income. File 2011 taxes turbotax See Interest Expenses in chapter 3. File 2011 taxes turbotax Example. File 2011 taxes turbotax You deposited $5,000 with a bank and borrowed $5,000 from the bank to make up the $10,000 minimum deposit required to buy a 6-month certificate of deposit. File 2011 taxes turbotax The certificate earned $575 at maturity in 2013, but you received only $265, which represented the $575 you earned minus $310 interest charged on your $5,000 loan. File 2011 taxes turbotax The bank gives you a Form 1099-INT for 2013 showing the $575 interest you earned. File 2011 taxes turbotax The bank also gives you a statement showing that you paid $310 interest for 2013. File 2011 taxes turbotax You must include the $575 in your income. File 2011 taxes turbotax If you itemize your deductions on Schedule A (Form 1040), Itemized Deductions, you can deduct $310, subject to the net investment income limit. File 2011 taxes turbotax Gift for opening account. File 2011 taxes turbotax   If you receive noncash gifts or services for making deposits or for opening an account in a savings institution, you may have to report the value as interest. File 2011 taxes turbotax   For deposits of less than $5,000, gifts or services valued at more than $10 must be reported as interest. File 2011 taxes turbotax For deposits of $5,000 or more, gifts or services valued at more than $20 must be reported as interest. File 2011 taxes turbotax The value is determined by the cost to the financial institution. File 2011 taxes turbotax Example. File 2011 taxes turbotax You open a savings account at your local bank and deposit $800. File 2011 taxes turbotax The account earns $20 interest. File 2011 taxes turbotax You also receive a $15 calculator. File 2011 taxes turbotax If no other interest is credited to your account during the year, the Form 1099-INT you receive will show $35 interest for the year. File 2011 taxes turbotax You must report $35 interest income on your tax return. File 2011 taxes turbotax Interest on insurance dividends. File 2011 taxes turbotax   Interest on insurance dividends left on deposit with an insurance company that can be withdrawn annually is taxable to you in the year it is credited to your account. File 2011 taxes turbotax However, if you can withdraw it only on the anniversary date of the policy (or other specified date), the interest is taxable in the year that date occurs. File 2011 taxes turbotax Prepaid insurance premiums. File 2011 taxes turbotax   Any increase in the value of prepaid insurance premiums, advance premiums, or premium deposit funds is interest if it is applied to the payment of premiums due on insurance policies or made available for you to withdraw. File 2011 taxes turbotax U. File 2011 taxes turbotax S. File 2011 taxes turbotax obligations. File 2011 taxes turbotax   Interest on U. File 2011 taxes turbotax S. File 2011 taxes turbotax obligations, such as U. File 2011 taxes turbotax S. File 2011 taxes turbotax Treasury bills, notes, and bonds, issued by any agency or instrumentality of the United States is taxable for federal income tax purposes. File 2011 taxes turbotax Interest on tax refunds. File 2011 taxes turbotax   Interest you receive on tax refunds is taxable income. File 2011 taxes turbotax Interest on condemnation award. File 2011 taxes turbotax   If the condemning authority pays you interest to compensate you for a delay in payment of an award, the interest is taxable. File 2011 taxes turbotax Installment sale payments. File 2011 taxes turbotax   If a contract for the sale or exchange of property provides for deferred payments, it also usually provides for interest payable with the deferred payments. File 2011 taxes turbotax That interest is taxable when you receive it. File 2011 taxes turbotax If little or no interest is provided for in a deferred payment contract, part of each payment may be treated as interest. File 2011 taxes turbotax See Unstated Interest and Original Issue Discount (OID) in Publication 537. File 2011 taxes turbotax Interest on annuity contract. File 2011 taxes turbotax   Accumulated interest on an annuity contract you sell before its maturity date is taxable. File 2011 taxes turbotax Usurious interest. File 2011 taxes turbotax   Usurious interest is interest charged at an illegal rate. File 2011 taxes turbotax This is taxable as interest unless state law automatically changes it to a payment on the principal. File 2011 taxes turbotax Interest income on frozen deposits. File 2011 taxes turbotax   Exclude from your gross income interest on frozen deposits. File 2011 taxes turbotax A deposit is frozen if, at the end of the year, you cannot withdraw any part of the deposit because: The financial institution is bankrupt or insolvent, or The state in which the institution is located has placed limits on withdrawals because other financial institutions in the state are bankrupt or insolvent. File 2011 taxes turbotax   The amount of interest you must exclude is the interest that was credited on the frozen deposits minus the sum of: The net amount you withdrew from these deposits during the year, and The amount you could have withdrawn as of the end of the year (not reduced by any penalty for premature withdrawals of a time deposit). File 2011 taxes turbotax If you receive a Form 1099-INT for interest income on deposits that were frozen at the end of 2013, see Frozen deposits under How To Report Interest Income for information about reporting this interest income exclusion on your tax return. File 2011 taxes turbotax   The interest you exclude is treated as credited to your account in the following year. File 2011 taxes turbotax You must include it in income in the year you can withdraw it. File 2011 taxes turbotax Example. File 2011 taxes turbotax $100 of interest was credited on your frozen deposit during the year. File 2011 taxes turbotax You withdrew $80 but could not withdraw any more as of the end of the year. File 2011 taxes turbotax You must include $80 in your income and exclude $20 from your income for the year. File 2011 taxes turbotax You must include the $20 in your income for the year you can withdraw it. File 2011 taxes turbotax Bonds traded flat. File 2011 taxes turbotax    If you buy a bond at a discount when interest has been defaulted or when the interest has accrued but has not been paid, the transaction is described as trading a bond flat. File 2011 taxes turbotax The defaulted or unpaid interest is not income and is not taxable as interest if paid later. File 2011 taxes turbotax When you receive a payment of that interest, it is a return of capital that reduces the remaining cost basis of your bond. File 2011 taxes turbotax Interest that accrues after the date of purchase, however, is taxable interest income for the year received or accrued. File 2011 taxes turbotax See Bonds Sold Between Interest Dates , later in this chapter. File 2011 taxes turbotax Below-Market Loans If you make a below-market gift or demand loan, you must report as interest income any forgone interest (defined later) from that loan. File 2011 taxes turbotax The below-market loan rules and exceptions are described in this section. File 2011 taxes turbotax For more information, see section 7872 of the Internal Revenue Code and its regulations. File 2011 taxes turbotax If you receive a below-market loan, you may be able to deduct the forgone interest as well as any interest you actually paid, but not if it is personal interest. File 2011 taxes turbotax Loans subject to the rules. File 2011 taxes turbotax   The rules for below-market loans apply to: Gift loans, Pay-related loans, Corporation-shareholder loans, Tax avoidance loans, and Certain loans made to qualified continuing care facilities under a continuing care contract. File 2011 taxes turbotax A pay-related loan is any below-market loan between an employer and an employee or between an independent contractor and a person for whom the contractor provides services. File 2011 taxes turbotax A tax avoidance loan is any below-market loan where the avoidance of federal tax is one of the main purposes of the interest arrangement. File 2011 taxes turbotax Forgone interest. File 2011 taxes turbotax   For any period, forgone interest is: The amount of interest that would be payable for that period if interest accrued on the loan at the applicable federal rate and was payable annually on December 31, minus Any interest actually payable on the loan for the period. File 2011 taxes turbotax Applicable federal rate. File 2011 taxes turbotax   Applicable federal rates are published by the IRS each month in the Internal Revenue Bulletin. File 2011 taxes turbotax Some IRS offices have these bulletins available for research. File 2011 taxes turbotax See chapter 5, How To Get Tax Help , for other ways to get this information. File 2011 taxes turbotax Rules for below-market loans. File 2011 taxes turbotax   The rules that apply to a below-market loan depend on whether the loan is a gift loan, demand loan, or term loan. File 2011 taxes turbotax Gift and demand loans. File 2011 taxes turbotax   A gift loan is any below-market loan where the forgone interest is in the nature of a gift. File 2011 taxes turbotax   A demand loan is a loan payable in full at any time upon demand by the lender. File 2011 taxes turbotax A demand loan is a below-market loan if no interest is charged or if interest is charged at a rate below the applicable federal rate. File 2011 taxes turbotax   A demand loan or gift loan that is a below-market loan is generally treated as an arm's-length transaction in which the lender is treated as having made: A loan to the borrower in exchange for a note that requires the payment of interest at the applicable federal rate, and An additional payment to the borrower in an amount equal to the forgone interest. File 2011 taxes turbotax The borrower is generally treated as transferring the additional payment back to the lender as interest. File 2011 taxes turbotax The lender must report that amount as interest income. File 2011 taxes turbotax   The lender's additional payment to the borrower is treated as a gift, dividend, contribution to capital, pay for services, or other payment, depending on the substance of the transaction. File 2011 taxes turbotax The borrower may have to report this payment as taxable income, depending on its classification. File 2011 taxes turbotax These transfers are considered to occur annually, generally on December 31. File 2011 taxes turbotax Term loans. File 2011 taxes turbotax   A term loan is any loan that is not a demand loan. File 2011 taxes turbotax A term loan is a below-market loan if the amount of the loan is more than the present value of all payments due under the loan. File 2011 taxes turbotax   A lender who makes a below-market term loan other than a gift loan is treated as transferring an additional lump-sum cash payment to the borrower (as a dividend, contribution to capital, etc. File 2011 taxes turbotax ) on the date the loan is made. File 2011 taxes turbotax The amount of this payment is the amount of the loan minus the present value, at the applicable federal rate, of all payments due under the loan. File 2011 taxes turbotax An equal amount is treated as original issue discount (OID). File 2011 taxes turbotax The lender must report the annual part of the OID as interest income. File 2011 taxes turbotax The borrower may be able to deduct the OID as interest expense. File 2011 taxes turbotax See Original Issue Discount (OID) , later. File 2011 taxes turbotax Exceptions to the below-market loan rules. File 2011 taxes turbotax   Exceptions to the below-market loan rules are discussed here. File 2011 taxes turbotax Exception for loans of $10,000 or less. File 2011 taxes turbotax   The rules for below-market loans do not apply to any day on which the total outstanding amount of loans between the borrower and lender is $10,000 or less. File 2011 taxes turbotax This exception applies only to: Gift loans between individuals if the gift loan is not directly used to buy or carry income-producing assets, and Pay-related loans or corporation-shareholder loans if the avoidance of federal tax is not a principal purpose of the interest arrangement. File 2011 taxes turbotax This exception does not apply to a term loan described in (2) earlier that previously has been subject to the below-market loan rules. File 2011 taxes turbotax Those rules will continue to apply even if the outstanding balance is reduced to $10,000 or less. File 2011 taxes turbotax Exception for loans to continuing care facilities. File 2011 taxes turbotax   Loans to qualified continuing care facilities under continuing care contracts are not subject to the rules for below-market loans for the calendar year if the lender or the lender's spouse is age 62 or older at the end of the year. File 2011 taxes turbotax For the definitions of qualified continuing care facility and continuing care contract, see Internal Revenue Code section 7872(h). File 2011 taxes turbotax Exception for loans without significant tax effect. File 2011 taxes turbotax   Loans are excluded from the below-market loan rules if their interest arrangements do not have a significant effect on the federal tax liability of the borrower or the lender. File 2011 taxes turbotax These loans include: Loans made available by the lender to the general public on the same terms and conditions that are consistent with the lender's customary business practice; Loans subsidized by a federal, state, or municipal government that are made available under a program of general application to the public; Certain employee-relocation loans; Certain loans from a foreign person, unless the interest income would be effectively connected with the conduct of a U. File 2011 taxes turbotax S. File 2011 taxes turbotax trade or business and would not be exempt from U. File 2011 taxes turbotax S. File 2011 taxes turbotax tax under an income tax treaty; Gift loans to a charitable organization, contributions to which are deductible, if the total outstanding amount of loans between the organization and lender is $250,000 or less at all times during the tax year; and Other loans on which the interest arrangement can be shown to have no significant effect on the federal tax liability of the lender or the borrower. File 2011 taxes turbotax For a loan described in (6) above, all the facts and circumstances are used to determine if the interest arrangement has a significant effect on the federal tax liability of the lender or borrower. File 2011 taxes turbotax Some factors to be considered are: Whether items of income and deduction generated by the loan offset each other; The amount of these items; The cost to you of complying with the below-market loan rules, if they were to apply; and Any reasons other than taxes for structuring the transaction as a below-market loan. File 2011 taxes turbotax If you structure a transaction to meet this exception and one of the principal purposes of that structure is the avoidance of federal tax, the loan will be considered a tax-avoidance loan, and this exception will not apply. File 2011 taxes turbotax Limit on forgone interest for gift loans of $100,000 or less. File 2011 taxes turbotax   For gift loans between individuals, if the outstanding loans between the lender and borrower total $100,000 or less, the forgone interest to be included in income by the lender and deducted by the borrower is limited to the amount of the borrower's net investment income for the year. File 2011 taxes turbotax If the borrower's net investment income is $1,000 or less, it is treated as zero. File 2011 taxes turbotax This limit does not apply to a loan if the avoidance of federal tax is one of the main purposes of the interest arrangement. File 2011 taxes turbotax Effective dates. File 2011 taxes turbotax    These rules apply to term loans made after June 6, 1984, and to demand loans outstanding after that date. File 2011 taxes turbotax U. File 2011 taxes turbotax S. File 2011 taxes turbotax Savings Bonds This section provides tax information on U. File 2011 taxes turbotax S. File 2011 taxes turbotax savings bonds. File 2011 taxes turbotax It explains how to report the interest income on these bonds and how to treat transfers of these bonds. File 2011 taxes turbotax U. File 2011 taxes turbotax S. File 2011 taxes turbotax savings bonds currently offered to individuals include Series EE bonds and Series I bonds. File 2011 taxes turbotax For other information on U. File 2011 taxes turbotax S. File 2011 taxes turbotax savings bonds, write to:  For Series HH/H: Bureau of the Fiscal Service Division of Customer Assistance P. File 2011 taxes turbotax O. File 2011 taxes turbotax Box 2186 Parkersburg, WV 26106-2186  For Series EE and I paper savings bonds: Bureau of the Fiscal Service Division of Customer Assistance P. File 2011 taxes turbotax O. File 2011 taxes turbotax Box 7012 Parkersburg, WV 26106-7012  For Series EE and I electronic bonds: Bureau of the Fiscal Service  Division of Customer Assistance P. File 2011 taxes turbotax O. File 2011 taxes turbotax Box 7015 Parkersburg, WV 26106-7015 Or, on the Internet, visit: www. File 2011 taxes turbotax treasurydirect. File 2011 taxes turbotax gov/indiv/indiv. File 2011 taxes turbotax htm. File 2011 taxes turbotax Accrual method taxpayers. File 2011 taxes turbotax   If you use an accrual method of accounting, you must report interest on U. File 2011 taxes turbotax S. File 2011 taxes turbotax savings bonds each year as it accrues. File 2011 taxes turbotax You cannot postpone reporting interest until you receive it or until the bonds mature. File 2011 taxes turbotax Cash method taxpayers. File 2011 taxes turbotax   If you use the cash method of accounting, as most individual taxpayers do, you generally report the interest on U. File 2011 taxes turbotax S. File 2011 taxes turbotax savings bonds when you receive it. File 2011 taxes turbotax But see Reporting options for cash method taxpayers , later. File 2011 taxes turbotax Series HH bonds. File 2011 taxes turbotax   These bonds were issued at face value. File 2011 taxes turbotax Interest is paid twice a year by direct deposit to your bank account. File 2011 taxes turbotax If you are a cash method taxpayer, you must report interest on these bonds as income in the year you receive it. File 2011 taxes turbotax   Series HH bonds were first offered in 1980 and last offered in August 2004. File 2011 taxes turbotax Before 1980, series H bonds were issued. File 2011 taxes turbotax Series H bonds are treated the same as series HH bonds. File 2011 taxes turbotax If you are a cash method taxpayer, you must report the interest when you receive it. File 2011 taxes turbotax   Series H bonds have a maturity period of 30 years. File 2011 taxes turbotax Series HH bonds mature in 20 years. File 2011 taxes turbotax The last series H bonds matured in 2009. File 2011 taxes turbotax The last series HH bonds will mature in 2024. File 2011 taxes turbotax Series EE and series I bonds. File 2011 taxes turbotax   Interest on these bonds is payable when you redeem the bonds. File 2011 taxes turbotax The difference between the purchase price and the redemption value is taxable interest. File 2011 taxes turbotax Series EE bonds. File 2011 taxes turbotax   Series EE bonds were first offered in January 1980 and have a maturity period of 30 years. File 2011 taxes turbotax Before July 1980, series E bonds were issued. File 2011 taxes turbotax The original 10-year maturity period of series E bonds has been extended to 40 years for bonds issued before December 1965 and 30 years for bonds issued after November 1965. File 2011 taxes turbotax Paper series EE and series E bonds are issued at a discount. File 2011 taxes turbotax The face value is payable to you at maturity. File 2011 taxes turbotax Electronic series EE bonds are issued at their face value. File 2011 taxes turbotax The face value plus accrued interest is payable to you at maturity. File 2011 taxes turbotax As of January 1, 2012, paper savings bonds were no longer sold at financial institutions. File 2011 taxes turbotax    Owners of paper series EE bonds can convert them to electronic bonds. File 2011 taxes turbotax These converted bonds do not retain the denomination listed on the paper certificate but are posted at their purchase price (with accrued interest). File 2011 taxes turbotax Series I bonds. File 2011 taxes turbotax   Series I bonds were first offered in 1998. File 2011 taxes turbotax These are inflation-indexed bonds issued at their face amount with a maturity period of 30 years. File 2011 taxes turbotax The face value plus all accrued interest is payable to you at maturity. File 2011 taxes turbotax Reporting options for cash method taxpayers. File 2011 taxes turbotax   If you use the cash method of reporting income, you can report the interest on series EE, series E, and series I bonds in either of the following ways. File 2011 taxes turbotax Method 1. File 2011 taxes turbotax Postpone reporting the interest until the earlier of the year you cash or dispose of the bonds or the year in which they mature. File 2011 taxes turbotax (However, see Savings bonds traded , later. File 2011 taxes turbotax )  Note. File 2011 taxes turbotax Series EE bonds issued in 1983 matured in 2013. File 2011 taxes turbotax If you have used method 1, you generally must report the interest on these bonds on your 2013 return. File 2011 taxes turbotax The last series E bonds were issued in 1980 and matured in 2010. File 2011 taxes turbotax If you used method 1, you generally should have reported the interest on these bonds on your 2010 return. File 2011 taxes turbotax Method 2. File 2011 taxes turbotax Choose to report the increase in redemption value as interest each year. File 2011 taxes turbotax  You must use the same method for all series EE, series E, and series I bonds you own. File 2011 taxes turbotax If you do not choose method 2 by reporting the increase in redemption value as interest each year, you must use method 1. File 2011 taxes turbotax If you plan to cash your bonds in the same year you will pay for higher educational expenses, you may want to use method 1 because you may be able to exclude the interest from your income. File 2011 taxes turbotax To learn how, see Education Savings Bond Program, later. File 2011 taxes turbotax Change from method 1. File 2011 taxes turbotax   If you want to change your method of reporting the interest from method 1 to method 2, you can do so without permission from the IRS. File 2011 taxes turbotax In the year of change, you must report all interest accrued to date and not previously reported for all your bonds. File 2011 taxes turbotax   Once you choose to report the interest each year, you must continue to do so for all series EE, series E, and series I bonds you own and for any you get later, unless you request permission to change, as explained next. File 2011 taxes turbotax Change from method 2. File 2011 taxes turbotax   To change from method 2 to method 1, you must request permission from the IRS. File 2011 taxes turbotax Permission for the change is automatically granted if you send the IRS a statement that meets all the following requirements. File 2011 taxes turbotax You have typed or printed the following number at the top: “131. File 2011 taxes turbotax ” It includes your name and social security number under “131. File 2011 taxes turbotax ” It includes the year of change (both the beginning and ending dates). File 2011 taxes turbotax It identifies the savings bonds for which you are requesting this change. File 2011 taxes turbotax It includes your agreement to: Report all interest on any bonds acquired during or after the year of change when the interest is realized upon disposition, redemption, or final maturity, whichever is earliest; and Report all interest on the bonds acquired before the year of change when the interest is realized upon disposition, redemption, or final maturity, whichever is earliest, with the exception of the interest reported in prior tax years. File 2011 taxes turbotax   You must attach this statement to your tax return for the year of change, which you must file by the due date (including extensions). File 2011 taxes turbotax   You can have an automatic extension of 6 months from the due date of your return for the year of change (excluding extensions) to file the statement with an amended return. File 2011 taxes turbotax On the statement, type or print “Filed pursuant to section 301. File 2011 taxes turbotax 9100-2. File 2011 taxes turbotax ” To get this extension, you must have filed your original return for the year of the change by the due date (including extensions). File 2011 taxes turbotax    By the date you file the original statement with your return, you must also send a signed copy to the address below. File 2011 taxes turbotax    Internal Revenue Service Attention: CC:IT&A (Automatic Rulings Branch) P. File 2011 taxes turbotax O. File 2011 taxes turbotax Box 7604 Benjamin Franklin Station Washington, DC 20044   If you use a private delivery service, send the signed copy to the address below. File 2011 taxes turbotax Internal Revenue Service Attention: CC:IT&A  (Automatic Rulings Branch) Room 5336 1111 Constitution Avenue, NW Washington, DC 20224    Instead of filing this statement, you can request permission to change from method 2 to method 1 by filing Form 3115. File 2011 taxes turbotax In that case, follow the form instructions for an automatic change. File 2011 taxes turbotax No user fee is required. File 2011 taxes turbotax Co-owners. File 2011 taxes turbotax   If a U. File 2011 taxes turbotax S. File 2011 taxes turbotax savings bond is issued in the names of co-owners, such as you and your child or you and your spouse, interest on the bond is generally taxable to the co-owner who bought the bond. File 2011 taxes turbotax One co-owner's funds used. File 2011 taxes turbotax   If you used your funds to buy the bond, you must pay the tax on the interest. File 2011 taxes turbotax This is true even if you let the other co-owner redeem the bond and keep all the proceeds. File 2011 taxes turbotax Under these circumstances, the co-owner who redeemed the bond will receive a Form 1099-INT at the time of redemption and must provide you with another Form 1099-INT showing the amount of interest from the bond taxable to you. File 2011 taxes turbotax The co-owner who redeemed the bond is a “nominee. File 2011 taxes turbotax ” See Nominee distributions under How To Report Interest Income, later, for more information about how a person who is a nominee reports interest income belonging to another person. File 2011 taxes turbotax Both co-owners' funds used. File 2011 taxes turbotax   If you and the other co-owner each contribute part of the bond's purchase price, the interest is generally taxable to each of you, in proportion to the amount each of you paid. File 2011 taxes turbotax Community property. File 2011 taxes turbotax   If you and your spouse live in a community property state and hold bonds as community property, one-half of the interest is considered received by each of you. File 2011 taxes turbotax If you file separate returns, each of you generally must report one-half of the bond interest. File 2011 taxes turbotax For more information about community property, see Publication 555. File 2011 taxes turbotax Table 1-2. File 2011 taxes turbotax   These rules are also shown in Table 1-2. File 2011 taxes turbotax Child as only owner. File 2011 taxes turbotax   Interest on U. File 2011 taxes turbotax S. File 2011 taxes turbotax savings bonds bought for and registered only in the name of your child is income to your child, even if you paid for the bonds and are named as beneficiary. File 2011 taxes turbotax If the bonds are series EE, series E, or series I bonds, the interest on the bonds is income to your child in the earlier of the year the bonds are cashed or disposed of or the year the bonds mature, unless your child chooses to report the interest income each year. File 2011 taxes turbotax Choice to report interest each year. File 2011 taxes turbotax   The choice to report the accrued interest each year can be made either by your child or by you for your child. File 2011 taxes turbotax This choice is made by filing an income tax return that shows all the interest earned to date, and by stating on the return that your child chooses to report the interest each year. File 2011 taxes turbotax Either you or your child should keep a copy of this return. File 2011 taxes turbotax   Unless your child is otherwise required to file a tax return for any year after making this choice, your child does not have to file a return only to report the annual accrual of U. File 2011 taxes turbotax S. File 2011 taxes turbotax savings bond interest under this choice. File 2011 taxes turbotax However, see Tax on unearned income of certain children , earlier, under General Information. File 2011 taxes turbotax Neither you nor your child can change the way you report the interest unless you request permission from the IRS, as discussed earlier under Change from method 2 . File 2011 taxes turbotax Ownership transferred. File 2011 taxes turbotax   If you bought series E, series EE, or series I bonds entirely with your own funds and had them reissued in your co-owner's name or beneficiary's name alone, you must include in your gross income for the year of reissue all interest that you earned on these bonds and have not previously reported. File 2011 taxes turbotax But, if the bonds were reissued in your name alone, you do not have to report the interest accrued at that time. File 2011 taxes turbotax   This same rule applies when bonds (other than bonds held as community property) are transferred between spouses or incident to divorce. File 2011 taxes turbotax Example. File 2011 taxes turbotax You bought series EE bonds entirely with your own funds. File 2011 taxes turbotax You did not choose to report the accrued interest each year. File 2011 taxes turbotax Later, you transfer the bonds to your former spouse under a divorce agreement. File 2011 taxes turbotax You must include the deferred accrued interest, from the date of the original issue of the bonds to the date of transfer, in your income in the year of transfer. File 2011 taxes turbotax Your former spouse includes in income the interest on the bonds from the date of transfer to the date of redemption. File 2011 taxes turbotax Table 1-2. File 2011 taxes turbotax Who Pays the Tax on U. File 2011 taxes turbotax S. File 2011 taxes turbotax Savings Bond Interest IF . File 2011 taxes turbotax . File 2011 taxes turbotax . File 2011 taxes turbotax THEN the interest must be reported by . File 2011 taxes turbotax . File 2011 taxes turbotax . File 2011 taxes turbotax you buy a bond in your name and the name of another person as co-owners, using only your own funds you. File 2011 taxes turbotax you buy a bond in the name of another person, who is the sole owner of the bond the person for whom you bought the bond. File 2011 taxes turbotax you and another person buy a bond as co-owners, each contributing part of the purchase price both you and the other co-owner, in proportion to the amount each paid for the bond. File 2011 taxes turbotax you and your spouse, who live in a community property state, buy a bond that is community property you and your spouse. File 2011 taxes turbotax If you file separate returns, both you and your spouse generally report one-half of the interest. File 2011 taxes turbotax Purchased jointly. File 2011 taxes turbotax   If you and a co-owner each contributed funds to buy series E, series EE, or series I bonds jointly and later have the bonds reissued in the co-owner's name alone, you must include in your gross income for the year of reissue your share of all the interest earned on the bonds that you have not previously reported. File 2011 taxes turbotax The former co-owner does not have to include in gross income at the time of reissue his or her share of the interest earned that was not reported before the transfer. File 2011 taxes turbotax This interest, however, as well as all interest earned after the reissue, is income to the former co-owner. File 2011 taxes turbotax   This income-reporting rule also applies when the bonds are reissued in the name of your former co-owner and a new co-owner. File 2011 taxes turbotax But the new co-owner will report only his or her share of the interest earned after the transfer. File 2011 taxes turbotax   If bonds that you and a co-owner bought jointly are reissued to each of you separately in the same proportion as your contribution to the purchase price, neither you nor your co-owner has to report at that time the interest earned before the bonds were reissued. File 2011 taxes turbotax Example 1. File 2011 taxes turbotax You and your spouse each spent an equal amount to buy a $1,000 series EE savings bond. File 2011 taxes turbotax The bond was issued to you and your spouse as co-owners. File 2011 taxes turbotax You both postpone reporting interest on the bond. File 2011 taxes turbotax You later have the bond reissued as two $500 bonds, one in your name and one in your spouse's name. File 2011 taxes turbotax At that time neither you nor your spouse has to report the interest earned to the date of reissue. File 2011 taxes turbotax Example 2. File 2011 taxes turbotax You bought a $1,000 series EE savings bond entirely with your own funds. File 2011 taxes turbotax The bond was issued to you and your spouse as co-owners. File 2011 taxes turbotax You both postponed reporting interest on the bond. File 2011 taxes turbotax You later have the bond reissued as two $500 bonds, one in your name and one in your spouse's name. File 2011 taxes turbotax You must report half the interest earned to the date of reissue. File 2011 taxes turbotax Transfer to a trust. File 2011 taxes turbotax   If you own series E, series EE, or series I bonds and transfer them to a trust, giving up all rights of ownership, you must include in your income for that year the interest earned to the date of transfer if you have not already reported it. File 2011 taxes turbotax However, if you are considered the owner of the trust and if the increase in value both before and after the transfer continues to be taxable to you, you can continue to defer reporting the interest earned each year. File 2011 taxes turbotax You must include the total interest in your income in the year you cash or dispose of the bonds or the year the bonds finally mature, whichever is earlier. File 2011 taxes turbotax   The same rules apply to previously unreported interest on series EE or series E bonds if the transfer to a trust consisted of series HH or series H bonds you acquired in a trade for the series EE or series E bonds. File 2011 taxes turbotax See Savings bonds traded , later. File 2011 taxes turbotax Decedents. File 2011 taxes turbotax   The manner of reporting interest income on series E, series EE, or series I bonds, after the death of the owner (decedent), depends on the accounting and income-reporting methods previously used by the decedent. File 2011 taxes turbotax Decedent who reported interest each year. File 2011 taxes turbotax   If the bonds transferred because of death were owned by a person who used an accrual method, or who used the cash method and had chosen to report the interest each year, the interest earned in the year of death up to the date of death must be reported on that person's final return. File 2011 taxes turbotax The person who acquires the bonds includes in income only interest earned after the date of death. File 2011 taxes turbotax Decedent who postponed reporting interest. File 2011 taxes turbotax   If the transferred bonds were owned by a decedent who had used the cash method and had not chosen to report the interest each year, and who had bought the bonds entirely with his or her own funds, all interest earned before death must be reported in one of the following ways. File 2011 taxes turbotax The surviving spouse or personal representative (executor, administrator, etc. File 2011 taxes turbotax ) who files the final income tax return of the decedent can choose to include on that return all interest earned on the bonds before the decedent's death. File 2011 taxes turbotax The person who acquires the bonds then includes in income only interest earned after the date of death. File 2011 taxes turbotax If the choice in (1) is not made, the interest earned up to the date of death is income in respect of the decedent and should not be included in the decedent's final return. File 2011 taxes turbotax All interest earned both before and after the decedent's death (except any part reported by the estate on its income tax return) is income to the person who acquires the bonds. File 2011 taxes turbotax If that person uses the cash method and does not choose to report the interest each year, he or she can postpone reporting it until the year the bonds are cashed or disposed of or the year they mature, whichever is earlier. File 2011 taxes turbotax In the year that person reports the interest, he or she can claim a deduction for any federal estate tax paid on the part of the interest included in the decedent's estate. File 2011 taxes turbotax For more information on income in respect of a decedent, see Publication 559, Survivors, Executors, and Administrators. File 2011 taxes turbotax Example 1. File 2011 taxes turbotax Your uncle, a cash method taxpayer, died and left you a $1,000 series EE bond. File 2011 taxes turbotax He had bought the bond for $500 and had not chosen to report the interest each year. File 2011 taxes turbotax At the date of death, interest of $200 had accrued on the bond, and its value of $700 was included in your uncle's estate. File 2011 taxes turbotax Your uncle's executor chose not to include the $200 accrued interest in your uncle's final income tax return. File 2011 taxes turbotax The $200 is income in respect of the decedent. File 2011 taxes turbotax You are a cash method taxpayer and do not choose to report the interest each year as it is earned. File 2011 taxes turbotax If you cash the bond when it reaches maturity value of $1,000, you report $500 interest income—the difference between maturity value of $1,000 and the original cost of $500. File 2011 taxes turbotax For that year, you can deduct (as a miscellaneous itemized deduction not subject to the 2%-of-adjusted-gross-income limit) any federal estate tax paid because the $200 interest was included in your uncle's estate. File 2011 taxes turbotax Example 2. File 2011 taxes turbotax If, in Example 1 , the executor had chosen to include the $200 accrued interest in your uncle's final return, you would report only $300 as interest when you cashed the bond at maturity. File 2011 taxes turbotax $300 is the interest earned after your uncle's death. File 2011 taxes turbotax Example 3. File 2011 taxes turbotax If, in Example 1 , you make or have made the choice to report the increase in redemption value as interest each year, you include in gross income for the year you acquire the bond all of the unreported increase in value of all series E, series EE, and series I bonds you hold, including the $200 on the bond you inherited from your uncle. File 2011 taxes turbotax Example 4. File 2011 taxes turbotax When your aunt died, she owned series HH bonds that she had acquired in a trade for series EE bonds. File 2011 taxes turbotax You were the beneficiary of these bonds. File 2011 taxes turbotax Your aunt used the cash method and did not choose to report the interest on the series EE bonds each year as it accrued. File 2011 taxes turbotax Your aunt's executor chose not to include any interest earned before your aunt's death on her final return. File 2011 taxes turbotax The income in respect of the decedent is the sum of the unreported interest on the series EE bonds and the interest, if any, payable on the series HH bonds but not received as of the date of your aunt's death. File 2011 taxes turbotax You must report any interest received during the year as income on your return. File 2011 taxes turbotax The part of the interest payable but not received before your aunt's death is income in respect of the decedent and may qualify for the estate tax deduction. File 2011 taxes turbotax For information on when to report the interest on the series EE bonds traded, see Savings bonds traded , later. File 2011 taxes turbotax Savings bonds distributed from a retirement or profit-sharing plan. File 2011 taxes turbotax   If you acquire a U. File 2011 taxes turbotax S. File 2011 taxes turbotax savings bond in a taxable distribution from a retirement or profit-sharing plan, your income for the year of distribution includes the bond's redemption value (its cost plus the interest accrued before the distribution). File 2011 taxes turbotax When you redeem the bond (whether in the year of distribution or later), your interest income includes only the interest accrued after the bond was distributed. File 2011 taxes turbotax To figure the interest reported as a taxable distribution and your interest income when you redeem the bond, see Worksheet for savings bonds distributed from a retirement or profit-sharing plan under How To Report Interest Income, later. File 2011 taxes turbotax Savings bonds traded. File 2011 taxes turbotax   If you postponed reporting the interest on your series EE or series E bonds, you did not recognize taxable income when you traded the bonds for series HH or series H bonds, unless you received cash in the trade. File 2011 taxes turbotax (You cannot trade series I bonds for series HH bonds. File 2011 taxes turbotax After August 31, 2004, you cannot trade any other series of bonds for series HH bonds. File 2011 taxes turbotax ) Any cash you received is income up to the amount of the interest earned on the bonds traded. File 2011 taxes turbotax When your series HH or series H bonds mature, or if you dispose of them before maturity, you report as interest the difference between their redemption value and your cost. File 2011 taxes turbotax Your cost is the sum of the amount you paid for the traded series EE or series E bonds plus any amount you had to pay at the time of the trade. File 2011 taxes turbotax Example. File 2011 taxes turbotax You traded series EE bonds (on which you postponed reporting the interest) for $2,500 in series HH bonds and $223 in cash. File 2011 taxes turbotax You reported the $223 as taxable income on your tax return. File 2011 taxes turbotax At the time of the trade, the series EE bonds had accrued interest of $523 and a redemption value of $2,723. File 2011 taxes turbotax You hold the series HH bonds until maturity, when you receive $2,500. File 2011 taxes turbotax You must report $300 as interest income in the year of maturity. File 2011 taxes turbotax This is the difference between their redemption value, $2,500, and your cost, $2,200 (the amount you paid for the series EE bonds). File 2011 taxes turbotax (It is also the difference between the accrued interest of $523 on the series EE bonds and the $223 cash received on the trade. File 2011 taxes turbotax ) Choice to report interest in year of trade. File 2011 taxes turbotax   You could have chosen to treat all of the previously unreported accrued interest on series EE or series E bonds traded for series HH bonds as income in the year of the trade. File 2011 taxes turbotax If you made this choice, it is treated as a change from method 1. File 2011 taxes turbotax See Change from method 1 under Series EE and series I bonds, earlier. File 2011 taxes turbotax Form 1099-INT for U. File 2011 taxes turbotax S. File 2011 taxes turbotax savings bond interest. File 2011 taxes turbotax   When you cash a bond, the bank or other payer that redeems it must give you a Form 1099-INT if the interest part of the payment you receive is $10 or more. File 2011 taxes turbotax Box 3 of your Form 1099-INT should show the interest as the difference between the amount you received and the amount paid for the bond. File 2011 taxes turbotax However, your Form 1099-INT may show more interest than you have to include on your income tax return. File 2011 taxes turbotax For example, this may happen if any of the following are true. File 2011 taxes turbotax You chose to report the increase in the redemption value of the bond each year. File 2011 taxes turbotax The interest shown on your Form 1099-INT will not be reduced by amounts previously included in income. File 2011 taxes turbotax You received the bond from a decedent. File 2011 taxes turbotax The interest shown on your Form 1099-INT will not be reduced by any interest reported by the decedent before death, or on the decedent's final return, or by the estate on the estate's income tax return. File 2011 taxes turbotax Ownership of the bond was transferred. File 2011 taxes turbotax The interest shown on your Form 1099-INT will not be reduced by interest that accrued before the transfer. File 2011 taxes turbotax You were named as a co-owner, and the other co-owner contributed funds to buy the bond. File 2011 taxes turbotax The interest shown on your Form 1099-INT will not be reduced by the amount you received as nominee for the other co-owner. File 2011 taxes turbotax (See Co-owners , earlier in this section, for more information about the reporting requirements. File 2011 taxes turbotax ) You received the bond in a taxable distribution from a retirement or profit-sharing plan. File 2011 taxes turbotax The interest shown on your Form 1099-INT will not be reduced by the interest portion of the amount taxable as a distribution from the plan and not taxable as interest. File 2011 taxes turbotax (This amount is generally shown on Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. File 2011 taxes turbotax , for the year of distribution. File 2011 taxes turbotax )   For more information on including the correct amount of interest on your return, see U. File 2011 taxes turbotax S. File 2011 taxes turbotax savings bond interest previously reported or Nominee distributions under How To Report Interest Income, later. File 2011 taxes turbotax    Interest on U. File 2011 taxes turbotax S. File 2011 taxes turbotax savings bonds is exempt from state and local taxes. File 2011 taxes turbotax The Form 1099-INT you receive will indicate the amount that is for U. File 2011 taxes turbotax S. File 2011 taxes turbotax savings bonds interest in box 3. File 2011 taxes turbotax Do not include this income on your state or local income tax return. File 2011 taxes turbotax Education Savings Bond Program You may be able to exclude from income all or part of the interest you receive on the redemption of qualified U. File 2011 taxes turbotax S. File 2011 taxes turbotax savings bonds during the year if you pay qualified higher educational expenses during the same year. File 2011 taxes turbotax This exclusion is known as the Education Savings Bond Program. File 2011 taxes turbotax You do not qualify for this exclusion if your filing status is married filing separately. File 2011 taxes turbotax Form 8815. File 2011 taxes turbotax   Use Form 8815 to figure your exclusion. File 2011 taxes turbotax Attach the form to your Form 1040 or Form 1040A. File 2011 taxes turbotax Qualified U. File 2011 taxes turbotax S. File 2011 taxes turbotax savings bonds. File 2011 taxes turbotax   A qualified U. File 2011 taxes turbotax S. File 2011 taxes turbotax savings bond is a series EE bond issued after 1989 or a series I bond. File 2011 taxes turbotax The bond must be issued either in your name (sole owner) or in your and your spouse's names (co-owners). File 2011 taxes turbotax You must be at least 24 years old before the bond's issue date. File 2011 taxes turbotax For example, a bond bought by a parent and issued in the name of his or her child under age 24 does not qualify for the exclusion by the parent or child. File 2011 taxes turbotax    The issue date of a bond may be earlier than the date the bond is purchased because the issue date assigned to a bond is the first day of the month in which it is purchased. File 2011 taxes turbotax Beneficiary. File 2011 taxes turbotax   You can designate any individual (including a child) as a beneficiary of the bond. File 2011 taxes turbotax Verification by IRS. File 2011 taxes turbotax   If you claim the exclusion, the IRS will check it by using bond redemption information from the Department of Treasury. File 2011 taxes turbotax Qualified expenses. File 2011 taxes turbotax   Qualified higher educational expenses are tuition and fees required for you, your spouse, or your dependent (for whom you claim an exemption) to attend an eligible educational institution. File 2011 taxes turbotax   Qualified expenses include any contribution you make to a qualified tuition program or to a Coverdell education savings account. File 2011 taxes turbotax For information about these programs, see Publication 970, Tax Benefits for Education. File 2011 taxes turbotax   Qualified expenses do not include expenses for room and board or for courses involving sports, games, or hobbies that are not part of a degree or certificate granting program. File 2011 taxes turbotax Eligible educational institutions. File 2011 taxes turbotax   These institutions include most public, private, and nonprofit universities, colleges, and vocational schools that are accredited and eligible to participate in student aid programs run by the Department of Education. File 2011 taxes turbotax Reduction for certain benefits. File 2011 taxes turbotax   You must reduce your qualified higher educational expenses by all of the following tax-free benefits. File 2011 taxes turbotax Tax-free part of scholarships and fellowships. File 2011 taxes turbotax Expenses used to figure the tax-free portion of distributions from a Coverdell ESA. File 2011 taxes turbotax Expenses used to figure the tax-free portion of distributions from a qualified tuition program. File 2011 taxes turbotax Any tax-free payments (other than gifts or inheritances) received as educational assistance, such as: Veterans' educational assistance benefits, Qualified tuition reductions, or Employer-provided educational assistance. File 2011 taxes turbotax Any expense used in figuring the American Opportunity and lifetime learning credits. File 2011 taxes turbotax For information about these benefits, see Publication 970. File 2011 taxes turbotax Amount excludable. File 2011 taxes turbotax   If the total proceeds (interest and principal) from the qualified U. File 2011 taxes turbotax S. File 2011 taxes turbotax savings bonds you redeem during the year are not more than your adjusted qualified higher educational expenses for the year, you may be able to exclude all of the interest. File 2011 taxes turbotax If the proceeds are more than the expenses, you may be able to exclude only part of the interest. File 2011 taxes turbotax   To determine the excludable amount, multiply the interest part of the proceeds by a fraction. File 2011 taxes turbotax The numer
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Consumer Protection Offices

City, county, regional, and state consumer offices offer a variety of important services. They might mediate complaints, conduct investigations, prosecute offenders of consumer laws, license and regulate professional service providers, provide educational materials and advocate for consumer rights. To save time, call before sending a written complaint. Ask if the office handles the type of complaint you have and if complaint forms are provided.

State Consumer Protection Offices

Departmento de Asuntos Del Consumidor

Website: Departmento de Asuntos Del Consumidor

Address: Departmento de Asuntos Del Consumidor
Apartado 41059
Minillas Station
Santurce, PR 00940

Phone Number: 787-722-7555

Toll-free: 1-866-520-3226 (PR)

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Banking Authorities

The officials listed in this section regulate and supervise state-chartered banks. Many of them handle or refer problems and complaints about other types of financial institutions as well. Some also answer general questions about banking and consumer credit. If you are dealing with a federally chartered bank, check Federal Agencies.

Oficina del Comisionado de Instituciones Financieras

Website: Oficina del Comisionado de Instituciones Financieras

Address: Oficina del Comisionado de Instituciones Financieras
PO Box 11855
San Juan, PR 00910-3855

Phone Number: 787-723-3131

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Insurance Regulators

Each state has its own laws and regulations for each type of insurance. The officials listed in this section enforce these laws. Many of these offices can also provide you with information to help you make informed insurance buying decisions.

Office of the Commissioner of Insurance

Website: Office of the Commissioner of Insurance

Address: Office of the Commissioner of Insurance
B5 Calle Tabonuco, Suite 216 PMB 356
Guaynabo, PR 00968-3029

Phone Number: 787-304-8686

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Securities Administrators

Each state has its own laws and regulations for securities brokers and securities - including stocks, mutual funds, commodities, real estate, etc. The officials and agencies listed in this section enforce these laws and regulations. Many of these offices can also provide information to help you make informed investment decisions.

Office of the Commissioner of Financial Institutions

Website: Office of the Commissioner of Financial Institutions

Address: Office of the Commissioner of Financial Institutions
Securities Division
PO Box 11855
San Juan, PR 00910-3855

Phone Number: 787-723-3131

TTY: 1-800-981-7711 (Consumers)

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Utility Commissions

State Utility Commissions regulate services and rates for gas, electricity and telephones within your state. In some states, the utility commissions regulate other services such as water, transportation, and the moving of household goods. Many utility commissions handle consumer complaints. Sometimes, if a number of complaints are received about the same utility matter, they will conduct investigations.

Public Service Commission

Website: Public Service Commission

Address: Public Service Commission
PO Box 190870
San Juan, PR 00918

Phone Number: 787-756-1919

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The File 2011 Taxes Turbotax

File 2011 taxes turbotax 37. File 2011 taxes turbotax   Otros Créditos Table of Contents Qué Hay de Nuevo Introduction Useful Items - You may want to see: Créditos no ReembolsablesCrédito por Adopción Crédito por Vehículo Motorizado Alternativo Crédito por Bienes de Reabastecimiento de Vehículos con Combustible Alternativo Crédito para Titulares de Bonos de Crédito Tributario Crédito por Impuestos Extranjeros Crédito por Intereses Hipotecarios Crédito no Reembolsable del Impuesto Mínimo de Años Anteriores Crédito por Vehículos Enchufables con Motor de Dirección Eléctrica Créditos por Energía de la Propiedad Residencial Crédito por Aportaciones a Cuentas de Ahorro para la Jubilación (Crédito del Ahorrador) Créditos ReembolsablesCrédito por el Impuesto sobre Ganancias de Capital no Distribuidas Crédito Tributario por Cobertura del Seguro Médico Crédito por Retención en Exceso del Impuesto del Seguro Social o del Impuesto de la Jubilación Ferroviaria Qué Hay de Nuevo Crédito por adopción. File 2011 taxes turbotax . File 2011 taxes turbotax  El crédito máximo por adopción es $12,970 para el año 2013. File 2011 taxes turbotax Vea Crédito por Adopción . File 2011 taxes turbotax Crédito por vehículo electrónico enchufable. File 2011 taxes turbotax  El crédito por vehículos electrónicos enchufables ha vencido. File 2011 taxes turbotax Crédito reembolsable del impuesto mínimo de años anteriores. File 2011 taxes turbotax   La parte reembolsable del crédito del impuesto mínimo alternativo de años anteriores ha vencido. File 2011 taxes turbotax Retención en exceso de los impuestos al Seguro Social y a la jubilación ferroviaria. File 2011 taxes turbotax . File 2011 taxes turbotax  Tanto los impuestos al Seguro Social como los impuestos del nivel 1 de jubilación ferroviaria (RRTA, por sus siglas en inglés) fueron retenidos de los salarios hasta el límite de $113,700 a una tasa de 6. File 2011 taxes turbotax 2% durante 2013. File 2011 taxes turbotax Si durante 2013, usted trabajó para más de un empleador y se le retuvo demasiado impuesto al Seguro Social o de jubilación ferroviaria, podría tener derecho a un crédito por la retención en exceso. File 2011 taxes turbotax Vea Crédito por Retención en Exceso del Impuesto del Seguro Social o deI Impuesto de la Jubilación Ferroviaria . File 2011 taxes turbotax Introduction Este capítulo trata de los siguientes créditos no reembolsables: Crédito por adopción. File 2011 taxes turbotax Crédito por vehículo motorizado alternativo. File 2011 taxes turbotax Crédito por bienes de reabastecimiento de vehículos con combustible alternativo. File 2011 taxes turbotax Crédito para titulares de bonos de crédito tributario. File 2011 taxes turbotax Crédito por impuestos extranjeros. File 2011 taxes turbotax Crédito por intereses hipotecarios. File 2011 taxes turbotax Crédito no reembolsable del impuesto mínimo de años anteriores. File 2011 taxes turbotax Crédito por vehículos enchufables con motor de dirección eléctrica. File 2011 taxes turbotax Créditos por energía de la propiedad residencial. File 2011 taxes turbotax Crédito por aportaciones a arreglos de ahorros para la jubilación. File 2011 taxes turbotax Este capítulo trata también de los siguientes créditos reembolsables: Crédito por el impuesto sobre ganancias de capital no distribuidas. File 2011 taxes turbotax Crédito tributario por cobertura del seguro médico. File 2011 taxes turbotax Crédito por retención en exceso del impuesto del Seguro Social o del impuesto de la jubilación ferroviaria. File 2011 taxes turbotax En otros capítulos de esta publicación, se explican otros créditos. File 2011 taxes turbotax Crédito por gastos del cuidado de menores y dependientes (capítulo 32). File 2011 taxes turbotax Crédito para ancianos o personas incapacitadas (capítulo 33). File 2011 taxes turbotax Crédito tributario por hijos (capítulo 34). File 2011 taxes turbotax Créditos tributarios por estudios (capítulo 35). File 2011 taxes turbotax Crédito por ingreso del trabajo (capítulo 36). File 2011 taxes turbotax Créditos no reembolsables. File 2011 taxes turbotax   La primera parte de este capítulo, Créditos no Reembolsables , abarca diez créditos que se restan de sus impuestos. File 2011 taxes turbotax Puede ser que estos créditos reduzcan los impuestos a cero. File 2011 taxes turbotax Si estos créditos superan el total de sus impuestos, no se le devuelve el excedente. File 2011 taxes turbotax Créditos reembolsables. File 2011 taxes turbotax   La segunda parte de este capítulo, Créditos Reembolsables , abarca tres créditos que se consideran pagos y que le pueden ser reembolsados. File 2011 taxes turbotax Estos créditos se agregan a los impuestos federales sobre el ingreso retenidos y todo pago de impuesto estimado que haya hecho. File 2011 taxes turbotax Si el total de éstos es superior al total de los impuestos, se le reembolsará el excedente. File 2011 taxes turbotax Useful Items - You may want to see: Publicación 502 Medical and Dental Expenses (Gastos médicos y dentales), en inglés 514 Foreign Tax Credit for Individuals (Crédito por impuestos del extranjero para personas físicas), en inglés 530 Tax Information for Homeowners (Información tributaria para propietarios de vivienda), en inglés 590 Individual Retirement Arrangements (IRAs) (Arreglos de ahorros para la jubilación (Arreglos IRA)), en inglés Formulario (e Instrucciones) 1116 Foreign Tax Credit (Crédito por impuestos extranjeros), en inglés 2439 Notice to Shareholder of Undistributed Long-Term Capital Gains (Aviso al accionista de ganancias de capital a largo plazo no distribuidas), en inglés 5695 Residential Energy Credits (Créditos por energía de la propiedad residencial), en inglés 8396 Mortgage Interest Credit (Crédito por intereses hipotecarios), en inglés 8801 Credit For Prior Year Minimum Tax – Individuals, Estates, and Trusts (Crédito del impuesto mínimo de años anteriores–personas físicas, caudales hereditarios o fideicomisos), en inglés 8828 Recapture of Federal Mortgage Subsidy (Recuperación del subsidio hipotecario federal), en inglés 8839 Qualified Adoption Expenses (Gastos de adopción calificados), en inglés 8880 Credit for Qualified Retirement Savings Contributions (Crédito por aportaciones calificadas a arreglos de ahorros para la jubilación), en inglés 8885 Health Coverage Tax Credit (Crédito tributario por cobertura del seguro médico), en inglés 8910 Alternative Motor Vehicle Credit (Crédito por vehículo motorizado alternativo), en inglés 8911 Alternative Fuel Vehicle Refueling Property Credit (Crédito por bienes de reabastecimiento de vehículos de combustible alternativo), en inglés 8912 Credit to Holders of Tax Credit Bonds (Crédito para titulares de bonos de crédito tributario), en inglés 8936 Qualified Plug-In Electric Drive Motor Vehicle Credit (Crédito por vehículos enchufables con motor de dirección eléctrica que reúnen los requisitos), en inglés Créditos no Reembolsables Los créditos tratados en esta parte del capítulo pueden reducir los impuestos. File 2011 taxes turbotax No obstante, si el total de estos créditos supera el total de sus impuestos, no se le devuelve el excedente. File 2011 taxes turbotax Crédito por Adopción Tal vez pueda tomar un crédito tributario de hasta $12,970 por gastos calificados que se hayan pagado para adoptar a un niño que reúna los requisitos. File 2011 taxes turbotax El crédito podría permitirse en el caso de la adopción de un niño con necesidades especiales aunque usted no tenga gastos calificados. File 2011 taxes turbotax El crédito se reduce si tiene ingresos brutos modificados (MAGI, por sus siglas en inglés) mayores de $194,580. File 2011 taxes turbotax Si tiene ingresos brutos modificados iguales o mayores de $234,580 no puede reclamar el crédito. File 2011 taxes turbotax Gastos de adopción calificados. File 2011 taxes turbotax   Los gastos de adopción calificados son gastos razonables y necesarios directamente relacionados con la adopción legal de un hijo que reúna los requisitos y cuyo fin sea la adopción legal. File 2011 taxes turbotax Dichos gastos abarcan: Honorarios de adopción, Costos judiciales, Honorarios de abogado, Gastos de viaje (incluyendo gastos de comida y alojamiento) mientras esté fuera de casa y Gastos de readopción para adoptar a un niño extranjero. File 2011 taxes turbotax Gastos no calificados. File 2011 taxes turbotax   Los gastos de adopción calificados no abarcan gastos: Que infrinjan la ley estatal o federal, Para llevar a cabo un acuerdo para autorizar los cuidados de un tutor (o padre sustituto), Por la adopción del hijo de su cónyuge, Para los cuales haya recibido fondos conforme a algún programa federal, estatal o local, Permitidos como crédito o deducción conforme a algún otro requisito de los impuestos federales sobre el ingreso o Pagados o reembolsados por su empleador o alguna otra persona u organización. File 2011 taxes turbotax Hijo que reúne los requisitos. File 2011 taxes turbotax   El término “hijo que reúne los requisitos” designa a toda persona que: Tenga menos de 18 años de edad o Esté física o mentalmente incapacitada para cuidar de sí misma. File 2011 taxes turbotax Hijo con necesidades especiales. File 2011 taxes turbotax   Un hijo con necesidades especiales reúne los requisitos si se dan las tres condiciones siguientes: El hijo fue ciudadano o residente de los Estados Unidos (incluyendo posesiones (territorios no autónomos) de los EE. File 2011 taxes turbotax UU. File 2011 taxes turbotax ) al iniciarse los trámites de adopción. File 2011 taxes turbotax Un estado (incluido el Distrito de Columbia) ha determinado que el hijo no puede o no debe ser devuelto al hogar de sus padres. File 2011 taxes turbotax El estado ha decidido que el hijo no puede ser adoptado a no ser que se les proporcione ayuda a los padres adoptivos. File 2011 taxes turbotax Los factores que los estados usan para llegar a esta determinación incluyen los siguientes: El origen étnico del hijo, La edad del hijo, Si el hijo es miembro de un grupo de minoría o tiene hermanos o hermanas y Si el hijo padece de una afección médica o un impedimento físico, mental o emocional. File 2011 taxes turbotax Cuándo reclamar el crédito. File 2011 taxes turbotax   Generalmente, hasta finalizar la adopción, se toma el crédito en el año siguiente al año en el que se hayan ocasionado o pagado los gastos calificados. File 2011 taxes turbotax Si se concluye el proceso de adopción, reclame el crédito en el año en el que se hayan ocasionado o pagado los gastos. File 2011 taxes turbotax Vea las Instrucciones del Formulario 8839 para más información sobre cuándo se debe reclamar el crédito. File 2011 taxes turbotax Hijo extranjero. File 2011 taxes turbotax   Si el hijo no es ciudadano o residente de los EE. File 2011 taxes turbotax UU. File 2011 taxes turbotax al empezar los trámites de adopción, usted no puede reclamar el crédito a menos que concluya el proceso de adopción. File 2011 taxes turbotax Todo gasto de adopción que se haya ocasionado o pagado en años anteriores al finalizar el proceso de adopción se considera ocasionado o pagado en el año en que se concluya dicho proceso. File 2011 taxes turbotax Cómo reclamar el crédito. File 2011 taxes turbotax   Calcule su crédito no reembolsable de 2013 y cualquier crédito que está traspasando a el 2014 en el Formulario 8839 y adjúntelo a su Formulario 1040. File 2011 taxes turbotax Incluya el crédito en el total de la línea 53 del Formulario 1040. File 2011 taxes turbotax Marque la casilla c y anote “8839” en la línea que se encuentra junto a esa casilla. File 2011 taxes turbotax Más información. File 2011 taxes turbotax   Para información adicional, vea las Instrucciones del Formulario 8839, en inglés. File 2011 taxes turbotax Crédito por Vehículo Motorizado Alternativo Quizás pueda reclamar este crédito si pone en uso un vehículo motorizado de pila de combustible calificado en 2013. File 2011 taxes turbotax Cantidad del crédito. File 2011 taxes turbotax   Generalmente, puede basarse en la certificación del fabricante al IRS para saber si un vehículo de cierta marca, modelo y año reúne los requisitos para el crédito y para la cantidad máxima del mismo por el cual reúne los requisitos. File 2011 taxes turbotax Si se trata de un fabricante extranjero, por lo general, puede basarse en la certificación de su distribuidor nacional al IRS. File 2011 taxes turbotax    Normalmente, la cantidad del crédito suele ser el 100% del crédito máximo permisible tal y como lo certifique el fabricante (o el distribuidor nacional al IRS). File 2011 taxes turbotax Cómo reclamar el crédito. File 2011 taxes turbotax   Para tomar el crédito, tiene que completar el Formulario 8910 y adjuntarlo al Formulario 1040. File 2011 taxes turbotax Incluya el crédito en el total de la línea 53 del Formulario 1040. File 2011 taxes turbotax Marque el recuadro c y anote “8910” en la línea al lado de dicho recuadro. File 2011 taxes turbotax Información adicional. File 2011 taxes turbotax   Para más información sobre el crédito, vea las Instrucciones del Formulario 8910. File 2011 taxes turbotax Crédito por Bienes de Reabastecimiento de Vehículos con Combustible Alternativo Tal vez pueda tomar un crédito si pone en uso en 2013 bienes de reabastecimiento de vehículos con combustible alternativo calificados. File 2011 taxes turbotax Bienes de reabastecimiento de vehículos de combustible alternativo calificados. File 2011 taxes turbotax   Los bienes de reabastecimiento de vehículos de combustible alternativo calificados son aquéllos (que no sean edificios ni los componentes estructurales de los mismos) que se utilicen para cualquiera de los siguientes: Para almacenar o surtir un combustible alternativo en el tanque de combustible de un vehículo de motor propulsado por dicho combustible, pero sólo si el proceso de almacenamiento o reabastecimiento se lleva a cabo en el sitio donde el combustible se coloca en ese tanque. File 2011 taxes turbotax Para recargar un vehículo eléctrico, pero sólo si la propiedad de recarga se encuentra en el lugar donde se recarga el vehículo. File 2011 taxes turbotax   Los siguientes son combustibles alternativos: Todo combustible del cual por lo menos el 85% del volumen consiste en uno o más de los siguientes: etanol, gas natural, gas natural comprimido, gas natural licuado, gas licuado de petróleo o hidrógeno. File 2011 taxes turbotax Toda mezcla que consista en dos o más de los siguientes: biodiésel, gasóleo (gasolina diésel) o queroseno y de la cual por lo menos el 20% del volumen consiste en biodiésel según determinado sin tener en cuenta cantidad alguna de queroseno. File 2011 taxes turbotax Electricidad. File 2011 taxes turbotax Cantidad del crédito. File 2011 taxes turbotax   Para bienes de uso personal, el crédito suele ser la cantidad menor entre el 30% del costo de dichos bienes o $1,000. File 2011 taxes turbotax Para bienes de uso comercial, el crédito suele ser la cantidad menor entre el 30% del costo de dichos bienes o $30,000. File 2011 taxes turbotax Cómo reclamar el crédito. File 2011 taxes turbotax   Para tomar el crédito, tiene que completar el Formulario 8911 y adjuntarlo al Formulario 1040. File 2011 taxes turbotax Incluya el crédito en el total de la línea 53 del Formulario 1040. File 2011 taxes turbotax Marque el recuadro c y anote “8911” en la línea al lado de dicho recuadro. File 2011 taxes turbotax Información adicional. File 2011 taxes turbotax   Para más información sobre el crédito, vea las instrucciones del Formulario 8911, en inglés. File 2011 taxes turbotax Crédito para Titulares de Bonos de Crédito Tributario Los bonos de crédito tributario son bonos de los cuales el titular recibe un crédito tributario en vez de los intereses sobre el bono, o una parte de los mismos. File 2011 taxes turbotax Tal vez pueda reclamar un crédito si es titular de uno de los siguientes bonos: Bonos de energía limpia y renovable (emitidos antes de 2010). File 2011 taxes turbotax Bonos de energía limpia y renovable nuevos. File 2011 taxes turbotax Bonos calificados de ahorro de energía. File 2011 taxes turbotax Bonos calificados de construcción de escuelas. File 2011 taxes turbotax Bonos para zonas de academia calificadas. File 2011 taxes turbotax Bonos de construcción de proyectos públicos en los Estados Unidos (Bonos Build America). File 2011 taxes turbotax En algunos casos, un emisor puede optar por recibir un crédito correspondiente a los intereses pagados sobre el bono. File 2011 taxes turbotax Si el emisor elige esta opción, usted no puede también reclamar un crédito. File 2011 taxes turbotax Ingresos procedentes de intereses. File 2011 taxes turbotax   La cantidad de todo crédito tributario permitido (calculado antes de aplicarse los límites de responsabilidad tributaria) se tiene que incluir en la declaración como ingresos procedentes de intereses. File 2011 taxes turbotax Cómo reclamar el crédito. File 2011 taxes turbotax   Complete el Formulario 8912 y adjúntelo al Formulario 1040. File 2011 taxes turbotax Incluya el crédito en el total de la línea 53 del Formulario 1040. File 2011 taxes turbotax Marque el recuadro c y anote “8912” en la línea al lado de dicho recuadro. File 2011 taxes turbotax Información adicional. File 2011 taxes turbotax   Para más información, vea las Instrucciones del Formulario 8912, en inglés. File 2011 taxes turbotax Crédito por Impuestos Extranjeros Generalmente, puede optar por declarar un crédito por los impuestos sobre el ingreso pagados o acumulados por usted a lo largo del año a un país extranjero o posesión (territorio no autónomo) de los Estados Unidos, aplicándolo como crédito contra el impuesto sobre el ingreso de los Estados Unidos. File 2011 taxes turbotax O puede deducirlos como una deducción detallada (vea el capítulo 22). File 2011 taxes turbotax No puede reclamar un crédito (ni una deducción) por impuestos sobre el ingreso extranjero pagado sobre ingresos que se excluyan del impuesto de los EE. File 2011 taxes turbotax UU. File 2011 taxes turbotax en los siguientes casos: Exclusión de ingresos ganados de fuentes en el extranjero. File 2011 taxes turbotax Exclusión por concepto de vivienda en el extranjero. File 2011 taxes turbotax Ingresos de fuentes en Puerto Rico exentos de impuestos de los Estados Unidos. File 2011 taxes turbotax Exclusión en las posesiones (territorios no autónomos) de los Estados Unidos. File 2011 taxes turbotax Límite del crédito. File 2011 taxes turbotax   A menos que decida no presentar el Formulario 1116 (vea Excepción , más adelante), el crédito por impuestos extranjeros pagados no puede superar los impuestos a pagar al gobierno de los Estados Unidos (línea 44 del Formulario 1040), multiplicados por una fracción. File 2011 taxes turbotax El numerador de esta fracción será los ingresos tributables de fuentes fuera de los Estados Unidos. File 2011 taxes turbotax El denominador será el total de los ingresos tributables de fuentes en los Estados Unidos y en el extranjero. File 2011 taxes turbotax Vea la Publicación 514, en inglés, para más información. File 2011 taxes turbotax Cómo reclamar el crédito. File 2011 taxes turbotax   Complete el Formulario 1116 y adjúntelo al Formulario 1040. File 2011 taxes turbotax Anote el crédito en la línea 47 del Formulario 1040. File 2011 taxes turbotax Excepción. File 2011 taxes turbotax   No necesita llenar el Formulario 1116 para reclamar el crédito si se dan todas las siguientes condiciones: Todos sus ingresos brutos de fuentes en el extranjero provienen de intereses y dividendos y dichos ingresos en su totalidad más los impuestos extranjeros que se pagaron sobre esos ingresos se les informaron a usted en el Formulario 1099-INT, Formulario 1099-DIV o en el Anexo K-1 (o un documento similar sustitutivo). File 2011 taxes turbotax Si usted tuvo ingreso de dividendos provenientes de participación en acciones, usted mantuvo en tenencia dichas acciones por lo menos 16 dias. File 2011 taxes turbotax No está presentando el Formulario 4563 ni excluyendo ingresos provenientes de fuentes en Puerto Rico. File 2011 taxes turbotax El total de los impuestos extranjeros no era superior a $300 ($600 si es casado que presenta una declaración conjunta). File 2011 taxes turbotax Todos sus impuestos extranjeros fueron: Adeudados legalmente y no reunían los requisitos para un reembolso y Pagados a países que son reconocidos como tal por los Estados Unidos y que no apoyan el terrorismo. File 2011 taxes turbotax Más información. File 2011 taxes turbotax   Para información más detallada acerca del crédito y estos requisitos, vea las Instrucciones del Formulario 1116, en inglés. File 2011 taxes turbotax Crédito por Intereses Hipotecarios El crédito por intereses hipotecarios tiene la finalidad de ayudar a personas de bajos recursos a comprar una vivienda. File 2011 taxes turbotax Si reúne los requisitos, puede reclamar el crédito cada año para una parte de los intereses hipotecarios de vivienda que pague. File 2011 taxes turbotax Quién reúne los requisitos. File 2011 taxes turbotax   Tal vez pueda reclamar el crédito si un gobierno estatal o local le emitió un certificado de crédito hipotecario que reúne los requisitos (MCC, por sus siglas en inglés). File 2011 taxes turbotax Generalmente, un MCC se emite sólo en relación con una nueva hipoteca para la compra de su vivienda principal. File 2011 taxes turbotax Cantidad del crédito. File 2011 taxes turbotax   Calcule su crédito en el Formulario 8396. File 2011 taxes turbotax Si la cantidad del préstamo hipotecario es igual (o menor que) a la cantidad adeudada confirmada (préstamo) que aparece en el MCC, anote en la línea 1 del Formulario 8396 todos los intereses que haya pagado sobre la hipoteca durante el año. File 2011 taxes turbotax   Si la cantidad del préstamo hipotecario es mayor que la cantidad adeudada confirmada que aparece en el MCC, puede calcular el crédito sólo sobre una parte de los intereses que haya pagado. File 2011 taxes turbotax Para encontrar la cantidad que debe anotar en la línea 1, multiplique por la siguiente fracción el total de los intereses que haya pagado sobre una hipoteca a lo largo del año. File 2011 taxes turbotax      Cantidad adeudada confirmada que aparece en el MCC     Cantidad original de la hipoteca      Límite basado en la tasa de crédito. File 2011 taxes turbotax   Si la tasa de crédito del certificado es superior al 20%, el crédito que se le permita no puede sobrepasar $2,000. File 2011 taxes turbotax Si dos o más personas (que no sean un matrimonio que presente una declaración conjunta) tienen una participación en la vivienda a la que se refiere el MCC, este límite de $2,000 tiene que dividirse según la participación de cada persona. File 2011 taxes turbotax Vea la Publicación 530, en inglés, para información adicional. File 2011 taxes turbotax Traspasos a un año posterior. File 2011 taxes turbotax   El crédito (luego de aplicar el límite basado en la tasa de crédito) también está sujeto a un límite basado en el impuesto calculado en el Formulario 8396. File 2011 taxes turbotax Si el crédito permitido disminuye a causa de este límite sobre los impuestos adeudados, puede traspasar la parte del crédito que no haya utilizado a los 3 próximos años o hasta que se utilice en su totalidad, lo que ocurra primero. File 2011 taxes turbotax   Si está sujeto al límite de los $2,000 debido a que la tasa de crédito del certificado es superior al 20%, no puede traspasar a un año posterior ninguna cantidad superior a $2,000 (o, en el caso de que tenga que dividir el crédito, la parte de los $2,000 que le corresponda). File 2011 taxes turbotax Cómo reclamar el crédito. File 2011 taxes turbotax    Calcule el crédito de 2013, y toda cantidad que se haya traspasado a 2014, en el Formulario 8396 y adjúntelo al Formulario 1040. File 2011 taxes turbotax Cerciórese de incluir todo crédito traspasado, correspondiente a 2010, 2011 y 2012. File 2011 taxes turbotax   Incluya el crédito en el total de la línea 53 del Formulario 1040. File 2011 taxes turbotax Marque el recuadro c y escriba “8396” en la línea al lado de dicho recuadro. File 2011 taxes turbotax Reducción de la deducción por intereses sobre una hipoteca de vivienda. File 2011 taxes turbotax   Si detalla sus deducciones en el Anexo A del Formulario 1040, tiene que restar la cantidad del crédito por intereses hipotecarios, indicada en la línea 3 del Formulario 8396, de la deducción por intereses sobre una hipoteca de vivienda. File 2011 taxes turbotax Tiene que hacerlo aunque parte de dicha cantidad se traspase a 2014. File 2011 taxes turbotax Para más información sobre la deducción por intereses sobre una hipoteca de vivienda, vea el capítulo 23. File 2011 taxes turbotax Recuperación del subsidio hipotecario federal. File 2011 taxes turbotax   Si recibió un MCC junto con el préstamo hipotecario, podría verse obligado a recuperar (reintegrar) todo o parte del beneficio que haya recibido de ese programa. File 2011 taxes turbotax Se le podría exigir esta recuperación si vende o enajena su vivienda con ganancias durante los 9 años siguientes al cierre de su préstamo hipotecario. File 2011 taxes turbotax Vea las Instrucciones para el Formulario 8828, disponibles en inglés, y el capítulo 15 para más información. File 2011 taxes turbotax Más información. File 2011 taxes turbotax   Para información más detallada acerca del crédito, vea las instrucciones del Formulario 8396, en inglés. File 2011 taxes turbotax Crédito no Reembolsable del Impuesto Mínimo de Años Anteriores La ley tributaria concede un trato especial a ciertos tipos de ingresos y permite deducciones y créditos especiales para algunos tipos de gastos. File 2011 taxes turbotax Si se beneficia de estas leyes, podría verse obligado a pagar por lo menos una cantidad mínima de impuestos además de cualquier otro impuesto sobre estas partidas. File 2011 taxes turbotax A esto se le llama impuesto mínimo alternativo (AMT, por sus siglas en inglés). File 2011 taxes turbotax El trato especial de ciertas partidas de ingresos y gastos sólo le permite aplazar el pago de los impuestos hasta un año posterior. File 2011 taxes turbotax Si pagó el impuesto mínimo alternativo en años anteriores a causa de estas partidas tributarias postergadas, tal vez pueda reclamar un crédito por el impuesto mínimo de años anteriores, a favor del impuesto habitual del año en curso. File 2011 taxes turbotax Quizás pueda reclamar un crédito y aplicarlo a favor del impuesto habitual si en 2012 tuvo: Impuesto mínimo alternativo adeudado y ajustes o partidas con beneficio tributario que no sean conceptos a excluirse, Un crédito del impuesto mínimo que traspase a 2013 o Un crédito no permitido por vehículos eléctricos calificados. File 2011 taxes turbotax Cómo reclamar el crédito. File 2011 taxes turbotax    Calcule el crédito no reembolsable de 2013 (de haberlo), y toda cantidad que se haya traspasado a 2014, en el Formulario 8801 y adjúntelo al Formulario 1040. File 2011 taxes turbotax Incluya el crédito en el total de la línea 53 del Formulario 1040 y marque el recuadro b. File 2011 taxes turbotax Puede traspasar a años posteriores, hasta agotarlo, todo crédito del impuesto mínimo de años anteriores que no se haya utilizado. File 2011 taxes turbotax Información adicional. File 2011 taxes turbotax   Para más información sobre el crédito, vea las Instrucciones del Formulario 8801, en inglés. File 2011 taxes turbotax Crédito por Vehículos Enchufables con Motor de Dirección Eléctrica Es posible que pueda tomar este crédito si, en 2013, puso en uso por fines de negocios o personales un vehículo enchufable con motor de dirección eléctrica o un vehículo eléctrico enchufable de dos o tres ruedas y dicho vehículo reúne los requisitos. File 2011 taxes turbotax Vehículos enchufables con motor de dirección eléctrica y que reúnen los requisitos. File 2011 taxes turbotax   El vehículo reúne los requisitos si es un vehículo nuevo con, por lo menos, cuatro llantas que: Es impulsado en su mayoría por un motor eléctrico que funciona con electricidad generada por una batería que tenga una capacidad de no menos de 4 kilovatios-horas y se puede recargar mediante una fuente externa de energía y El peso bruto del vehículo es menos de 14,000 libras. File 2011 taxes turbotax Vehículos eléctricos enchufables de dos o tres ruedas que reúnen los requisitos. File 2011 taxes turbotax   El vehículo reúne los requisitos si es un vehículo nuevo con dos o tres ruedas que: Tiene la capacidad de llegar a una velocidad de 45 millas por hora o más, Es impulsado en su mayoría por un motor eléctrico que funciona con electricidad generada por una batería que tenga una capacidad de no menos de 2. File 2011 taxes turbotax 5 kilovatios-horas y se puede recargar mediante una fuente externa de energía y El peso bruto del vehículo es menos de 14,000 libras. File 2011 taxes turbotax Certificación y otros requisitos   Generalmente, puede basarse en la certificación del fabricante al IRS (o en el caso de un fabricante extranjero, en la certificación del distribuidor doméstico) para saber si la marca, modelo y años específicos de un vehículo reúnen los requisitos del crédito y, si es aplicable, la cantidad del crédito para el cual califica. File 2011 taxes turbotax Sin embargo, si el IRS publica un aviso anunciando que la certificación de alguna marca, modelo y año ha sido retirada, usted no puede basarse en la certificación del vehículo si fue comprado después de la fecha de la publicación del aviso del retiro. File 2011 taxes turbotax   También tiene que cumplir los requisitos siguientes para calificar para el crédito: Usted es el dueño del vehículo. File 2011 taxes turbotax Si el vehículo es arrendado, sólo el arrendador, y no el arrendatario, tiene derecho al crédito. File 2011 taxes turbotax El vehículo fue puesto en servicio en 2013. File 2011 taxes turbotax El vehículo es fabricado principalmente para uso en calles, caminos y carreteras públicas. File 2011 taxes turbotax El uso original del vehículo comenzó con usted. File 2011 taxes turbotax Adquirió el vehículo para utilizarlo usted mismo o para el arrendamiento a un tercero y no para revenderlo. File 2011 taxes turbotax En el caso de un vehículo eléctrico enchufable de dos o tres ruedas que reúna los requisitos, el vehículo tiene que haber sido adquirido después de 2011 y antes de 2014. File 2011 taxes turbotax Utiliza el vehículo principalmente en los Estados Unidos. File 2011 taxes turbotax Cómo reclamar el crédito. File 2011 taxes turbotax   Para tomar el crédito, tiene que completar el Formulario 8936 y adjuntarlo a su Formulario 1040. File 2011 taxes turbotax Incluya el crédito en el total de la línea 53 del Formulario 1040. File 2011 taxes turbotax Marque el recuadro c y anote “8936” en la línea al lado de dicho recuadro. File 2011 taxes turbotax    Más información. File 2011 taxes turbotax   Para más información acerca del crédito, vea las instrucciones del Formulario 8936, en inglés. File 2011 taxes turbotax Créditos por Energía de la Propiedad Residencial Podría tener derecho a uno o los dos siguientes créditos si hizo mejoras para conservar energía en su vivienda ubicada en los Estados Unidos en 2013. File 2011 taxes turbotax Crédito tributario por energía de la propiedad no empresarial. File 2011 taxes turbotax Crédito de eficiencia energética para propiedades residenciales. File 2011 taxes turbotax Si es integrante de un comité de administración de condominios para un condominio del que sea dueño o inquilino-accionista de una sociedad anónima de cooperativa de viviendas, se considera que ha pagado la parte proporcionada que le corresponde de todo costo de tal comité o sociedad anónima para fines de estos créditos. File 2011 taxes turbotax Crédito tributario por energía de la propiedad no empresarial. File 2011 taxes turbotax   Tal vez pueda tomar un crédito igual a la suma de: El 10% de los costos pagados para mejoras de eficiencia energética instaladas en 2013 y Todo costo pagado o incurrido para energía de la propiedad residencial en 2013. File 2011 taxes turbotax   Existe un límite vitalicio de $500 para todos los años posteriores al año 2005, de lo que sólo $200 pueden ser por ventanas; $50 por un ventilador de circulación de aire principal avanzado; $150 por un calentador de agua a base de gas natural propano o petróleo; y $300 por cualquier artículo de eficiencia energética para propiedades residenciales. File 2011 taxes turbotax Si la cantidad total de los créditos tributarios por energía de la propiedad no empresarial que ha tomado en años previos (después del 2005) es más de $500, no puede tomar este crédito en el año 2013. File 2011 taxes turbotax Las mejoras de eficiencia energética que reúnen los requisitos son las siguientes mejoras siempre y cuando sean nuevas, se espere que sigan en uso por lo menos 5 años y cumplan determinados requisitos de la eficiencia energética: Todo material aislante o sistema que haya sido diseñado expresa y principalmente para reducir la pérdida o el aumento de temperatura (calentamiento) en una vivienda. File 2011 taxes turbotax Ventanas exteriores (incluidos tragaluces). File 2011 taxes turbotax Puertas exteriores. File 2011 taxes turbotax Todo techo de metal o asfalto que tenga capas pigmentadas o gránulos de enfriamiento adecuados que hayan sido diseñados expresa y principalmente para reducir el aumento de temperatura (calentamiento) de la vivienda. File 2011 taxes turbotax Se considera que la propiedad de energía residencial es cualquiera de los siguientes aparatos: Determinados calentadores eléctricos de agua con bomba de calor, bombas de calor eléctricas, acondicionadores de aire centrales, calentadores de agua a gas natural, propano o petróleo; y estufas que consumen combustibles de biomasa. File 2011 taxes turbotax Calderas de gas natural, propano o petróleo que reúnen los requisitos; y calderas de agua caliente a gas natural, propano o petróleo que reúnen los requisitos. File 2011 taxes turbotax Determinados ventiladores de circulación de aire principal avanzados que sean componentes de las calderas de gas natural, propano o petróleo. File 2011 taxes turbotax Crédito por energía eficaz de la propiedad residencial. File 2011 taxes turbotax   Quizás pueda tomar un crédito del 30% de los costos de propiedad eléctrica de energía solar, propiedad de calentamiento de agua por energía solar, propiedad de pilas de combustible, propiedad eólica de menor tamaño y propiedad de bomba de calor geotérmico. File 2011 taxes turbotax En el caso de costos pagados por propiedad de pilas de combustible que reúne los requisitos, la cantidad del crédito está limitada a $500 por cada medio kilovatio de capacidad de dicha propiedad. File 2011 taxes turbotax Reducción en la base. File 2011 taxes turbotax   Tiene que reducir la base de su vivienda por la cantidad de todo crédito permitido. File 2011 taxes turbotax Cómo reclamar el crédito. File 2011 taxes turbotax   Complete el Formulario 5695 y adjúntelo al Formulario 1040. File 2011 taxes turbotax Anote el crédito en la línea 52 del Formulario 1040. File 2011 taxes turbotax Información adicional. File 2011 taxes turbotax   Para más información sobre estos créditos, vea las instrucciones del Formulario 5695, en inglés. File 2011 taxes turbotax Crédito por Aportaciones a Cuentas de Ahorro para la Jubilación (Crédito del Ahorrador) Podría reclamar este crédito si usted, o su cónyuge si presenta una declaración conjunta, hizo: Aportaciones (que no sean reinversiones) a un arreglo IRA tradicional o un arreglo Roth IRA, Aplazamientos optativos a un plan conforme a la sección 401(k) o 403(b) (incluidas aportaciones a un arreglo designado Roth) o a un plan SEP, SIMPLE o plan gubernamental conforme a la sección 457, Aportaciones voluntarias del empleado a un plan de jubilación que reúna los requisitos (incluido el Thrift Savings Plan (Cuenta de Ahorros de Jubilación) para empleados del gobierno federal) o Aportaciones a un plan conforme a la sección 501(c)(18)(D). File 2011 taxes turbotax No obstante, no puede reclamar el crédito si se da cualquiera de las siguientes situaciones: La cantidad de la línea 38 del Formulario 1040 o de la línea 22 del Formulario 1040A es mayor de $29,500 ($44,250 si es cabeza de familia; $59,000 si es casado que presenta una declaración conjunta). File 2011 taxes turbotax La persona que hizo la aportación o el aplazamiento optativo que reúne los requisitos (a) nació después del 1 de enero de 1996, (b) ha sido declarado como dependiente en la declaración de impuestos de 2013 de otra persona o (c) era estudiante (se define a continuación). File 2011 taxes turbotax Estudiante. File 2011 taxes turbotax   Usted era estudiante si, durante alguna parte de cada uno de 5 meses del año natural de 2013: Estaba matriculado en una escuela como estudiante a tiempo completo o Tomó un curso a tiempo completo de capacitación agrícola ofrecido en terreno por una escuela o por una agencia del estado, condado o gobierno local. File 2011 taxes turbotax Escuela. File 2011 taxes turbotax   El término “escuela” abarca escuelas politécnicas, profesionales e industriales. File 2011 taxes turbotax Una escuela no incluye un curso de capacitación en el trabajo, escuela por correspondencia, ni escuelas que ofrecen cursos sólo por Internet. File 2011 taxes turbotax Cómo reclamar el crédito. File 2011 taxes turbotax   Calcule el crédito en el Formulario 8880. File 2011 taxes turbotax Anote el crédito en la línea 50 del Formulario 1040 o la línea 32 del Formulario 1040A y adjunte el Formulario 8880 a su declaración. File 2011 taxes turbotax Más información. File 2011 taxes turbotax   Para más información sobre el crédito, vea las instrucciones del Formulario 8880, disponibles en inglés. File 2011 taxes turbotax Créditos Reembolsables Los créditos explicados en esta parte del capítulo se tratan como pagos de impuestos. File 2011 taxes turbotax Si el total de estos créditos, impuestos federales sobre el ingreso retenidos y pagos de su impuesto estimado es mayor al total de sus impuestos, se le puede reembolsar el excedente. File 2011 taxes turbotax Crédito por el Impuesto sobre Ganancias de Capital no Distribuidas Tiene que incluir en los ingresos toda cantidad que le hayan asignado sociedades inversionistas reglamentadas (comúnmente llamadas fondos mutuos) o sociedades de inversión inmobiliaria (REIT, por sus siglas en inglés) como distribuciones de ganancias de capital, aunque de hecho no la haya recibido. File 2011 taxes turbotax Si el fondo mutuo o sociedad de inversión inmobiliaria pagó impuestos sobre la ganancia de capital, se le permite un crédito por los impuestos ya que se considera que usted lo pagó. File 2011 taxes turbotax El fondo mutuo o sociedad de inversión inmobiliaria le enviará el Formulario 2439 indicando su parte de las ganancias de capital no distribuidas y los impuestos pagados, de haberlos. File 2011 taxes turbotax Cómo reclamar el crédito. File 2011 taxes turbotax   Para reclamar el crédito, adjunte la Copia B del Formulario 2439 a su Formulario 1040. File 2011 taxes turbotax Incluya la cantidad de la casilla 2 de su Formulario 2439 en el total de la línea 71 del Formulario 1040 y marque la casilla a. File 2011 taxes turbotax Más información. File 2011 taxes turbotax   Vea Distribuciones de Ganancias de Capital , en el capítulo 8 para más información sobre ganancias de capital no distribuidas. File 2011 taxes turbotax Crédito Tributario por Cobertura del Seguro Médico Tal vez pueda reclamar este crédito para cualquier mes en el que se cumplan todos los siguientes requisitos el primer día del mes: Tenía derecho, como beneficiario, a recibir pagos de asistencia de ajuste comercial (TAA, por sus siglas en inglés), pagos de asistencia alternativa de ajuste comercial (ATAA, por sus siglas en inglés), pagos de asistencia de ajuste comercial relacionados con el reempleo (RTAA, por sus siglas en inglés) o una pensión de la Pension Benefit Guaranty Corporation (Corporación de garantía de beneficios de pensiones o PBGC, por sus siglas en inglés, y definida más adelante); o si era un miembro calificado de la familia de uno de estos individuos cuando dicho individuo falleció o cuando se finalizó su divorcio con uno de estos individuos. File 2011 taxes turbotax Usted y/o los miembros de su familia estaban cubiertos por un plan de seguro médico que reúne los requisitos y por el cual pagó la totalidad de las primas o su parte correspondiente directamente a dicho plan o al U. File 2011 taxes turbotax S. File 2011 taxes turbotax Treasury— HCTC (Tesoro de los Estados Unidos, Crédito por cobertura del seguro médico). File 2011 taxes turbotax No estaba inscrito en la Parte A, B o C del seguro Medicare o estaba inscrito en el programa Medicare pero su familia reunió los requisitos para el HCTC. File 2011 taxes turbotax No estaba inscrito en el programa Medicaid ni en el Children's Health Insurance Program (Programa de seguro médico para niños, (CHIP, por sus siglas en inglés)). File 2011 taxes turbotax No estaba inscrito en el programa Federal Employees Health Benefits (Seguro médico para empleados federales o FEHBP, por sus siglas en inglés) ni tenía derecho a recibir beneficios conforme al sistema médico militar de los EE. File 2011 taxes turbotax UU. File 2011 taxes turbotax (conocido en inglés como TRICARE). File 2011 taxes turbotax No estaba encarcelado por las autoridades federales, estatales o locales. File 2011 taxes turbotax Su empleador no pagó el 50% o más del costo de la cobertura. File 2011 taxes turbotax No recibió una reducción del 65% de una prima de COBRA de parte de su antiguo empleador o administrador de COBRA. File 2011 taxes turbotax Sin embargo, no puede tomar el crédito si otra persona lo puede reclamar a usted como dependiente en su declaración de impuestos de 2013. File 2011 taxes turbotax Si cumple todas estas condiciones, tal vez pueda tomar un crédito de hasta el 72. File 2011 taxes turbotax 5% de la cantidad que usted pagó directamente a un plan de salud calificado para usted y todo miembro de familia que reunió los requisitos. File 2011 taxes turbotax No puede tomar el crédito en el caso de primas de seguro sobre cobertura si en realidad fueron pagadas mediante una National Emergency Grant (Subvención para Emergencias Nacionales). File 2011 taxes turbotax La cantidad pagada por cobertura de seguro médico calificada tiene que reducirse por toda distribución de una cuenta Archer MSA de ahorros médicos u otra cuenta de ahorros para gastos médicos que se haya utilizado para pagar por dicha cobertura. File 2011 taxes turbotax Puede tomar este crédito y anotarlo en la declaración de impuestos o solicitar que se pague por adelantado en nombre suyo a su compañía de seguros. File 2011 taxes turbotax Si se paga el crédito por adelantado en nombre suyo, aquella cantidad disminuye la cantidad del crédito que se pueda declarar en la declaración de impuestos. File 2011 taxes turbotax Beneficiarios de la TAA. File 2011 taxes turbotax   Se considera que tiene derecho a la TAA el primer día del mes si, cualquier día de dicho mes o del anterior, usted: Recibió una asignación por reajuste comercial o Hubiera tenido derecho a recibir una asignación de esta índole salvo que no había agotado todos los derechos al seguro por desempleo (con excepción de toda compensación adicional que se pague con fondos estatales y no se reembolse con fondos federales) que le correspondiera recibir (o correspondería recibir si los solicitara). File 2011 taxes turbotax Ejemplo. File 2011 taxes turbotax   Recibió una asignación por ajuste comercial para el mes de enero de 2013. File 2011 taxes turbotax Tenía derecho a recibir la TAA el primer día de enero y febrero. File 2011 taxes turbotax Beneficiarios de la alternativa TAA. File 2011 taxes turbotax   Se considera que es un recipiente de la alternativa TAA el primer día del mes si, cualquier día de dicho mes o del anterior, usted recibió beneficios conforme a un programa de asistencia alternativa de ajuste comercial para empleados mayores de edad establecido por el Departamento de Trabajo. File 2011 taxes turbotax Ejemplo. File 2011 taxes turbotax   Recibió beneficios conforme a un programa de asistencia alternativa de ajuste comercial para empleados mayores de edad para el mes de octubre de 2013. File 2011 taxes turbotax El Departamento de Trabajo estableció el programa. File 2011 taxes turbotax Tenía derecho como beneficiario a recibir la alternativa TAA el primer día de octubre y noviembre. File 2011 taxes turbotax Beneficiarios de la RTAA. File 2011 taxes turbotax   Se considera que tiene derecho a la RTAA el primer día del mes si, cualquier día de dicho mes o del anterior, usted recibió beneficios conforme a un programa de asistencia de ajuste comercial relacionados con el reempleo para empleados mayores establecido por el Departamento de Trabajo. File 2011 taxes turbotax Beneficiarios de una pensión de la PBGC. File 2011 taxes turbotax   Se considera que tiene derecho como beneficiario a una pensión de la PBGC el primer día del mes si se dan las dos condiciones siguientes: Tenía 55 años de edad o más el primer día del mes. File 2011 taxes turbotax Recibió beneficios para dicho mes pagados por la PBGC conforme al Título IV de la Employee Retirement Income Security Act of 1974 (Ley de Seguridad de los Ingresos de Jubilación del Empleado de 1974 o ERISA, por sus siglas en inglés). File 2011 taxes turbotax Si recibió un pago de suma global de la PGBC después del 5 de agosto de 2002, cumple el requisito (2) anterior para todo mes en el que habría recibido un beneficio de la PBGC si no hubiese recibido el pago de suma global. File 2011 taxes turbotax Cómo reclamar el crédito. File 2011 taxes turbotax   Para tomar el crédito, tiene que completar el Formulario 8885 y adjuntarlo al Formulario 1040. File 2011 taxes turbotax Incluya el crédito en el total de la línea 71 del Formulario 1040 y marque el recuadro c. File 2011 taxes turbotax   Tiene que adjuntar cuentas de seguro de salud (o cupones de pago de COBRA) y pruebas de pago correspondientes a toda cantidad que se incluya en la línea 2 del Formulario 8885. File 2011 taxes turbotax Para información adicional, vea la Publicación 502 o el Formulario 8885, ambos en inglés. File 2011 taxes turbotax Más información. File 2011 taxes turbotax   Si desea ver las definiciones y los requisitos especiales, incluyendo los que se refieren a planes de seguro médico que reúnan los requisitos, familiares que podrían darle derecho al crédito (familiares calificados), el efecto de determinados sucesos importantes en la vida y planes de seguro médico provistos por el empleador, vea la Publicación 502 y las instrucciones del Formulario 8885, ambas en inglés. File 2011 taxes turbotax Crédito por Retención en Exceso del Impuesto del Seguro Social o del Impuesto de la Jubilación Ferroviaria La mayoría de los empleadores tienen que retener el impuesto del Seguro Social de los salarios de sus empleados. File 2011 taxes turbotax Si trabaja para un empleador ferroviario, dicho empleador tiene que retener el impuesto de jubilación ferroviaria (RRTA, por sus siglas en inglés) de nivel 1 y de nivel 2. File 2011 taxes turbotax Si trabajó para dos o más empleadores en 2013, es posible que hayan retenido de su salario demasiado impuesto del Seguro Social. File 2011 taxes turbotax Si uno o mas de esos empleadores era un empleador ferroviario, también es posible que se le haya retenido demasiado impuesto de jubilación ferroviaria de nivel 1 a la tasa de 6. File 2011 taxes turbotax 2%. File 2011 taxes turbotax Puede declarar el impuesto del Seguro Social o impuesto de jubilación ferroviaria de nivel 1 en exceso, aplicándolo como crédito a favor de los impuestos sobre los ingresos cuando presente su declaración. File 2011 taxes turbotax Para el impuesto RRTA de nivel 1, utilice únicamente la porción de impuesto de RRTA de nivel 1 que fue gravado a la tasa impositiva de 6. File 2011 taxes turbotax 2% al calcular si el exceso de impuesto de RRTA de nivel 1 fue retenido, no incluya ninguna porción del impuesto de RRTA de nivel 1 que fue retenido a la tasa impositiva de Medicare (1. File 2011 taxes turbotax 45%) o al a tasa impositiva del Impuesto Adicional del Medicare (0. File 2011 taxes turbotax 9%). File 2011 taxes turbotax En la siguiente tabla aparecen la cantidad máxima de salario sujeto a impuestos y la cantidad máxima de impuestos que debió haberse retenido para 2013. File 2011 taxes turbotax Tipo de impuesto Salario  máximo  sujeto a  impuestos Impuesto máximo que debió haberse retenido Seguro Social o  RRTA de nivel 1 $113,700 $7,049. File 2011 taxes turbotax 40 RRTA de nivel 2 $84,300 $3,709. File 2011 taxes turbotax 20 Todo salario está sujeto a la retención de impuestos al Medicare. File 2011 taxes turbotax   Utilice el Formulario 843, Claim for Refund and Request for Abatement (Solicitud de reembolso y reducción de impuestos), en inglés, para solicitar un reembolso del impuesto en exceso de la jubilación ferroviaria de nivel 2. File 2011 taxes turbotax Cerciórese de adjuntar una copia de todos los Formularios W-2 que tenga. File 2011 taxes turbotax Use la hoja de trabajo 3-3 de la Publicación 505, Tax Withholding and Estimated Tax (Retención de impuestos e impuesto estimado), en inglés, para poder calcular la cantidad en exceso. File 2011 taxes turbotax Error del empleador. File 2011 taxes turbotax   Si cualquier empleador le retuvo demasiados impuestos del Seguro Social o de la jubilación ferroviaria de nivel 1, no puede reclamar el exceso y aplicarlo como un crédito a favor de los impuestos sobre el ingreso. File 2011 taxes turbotax El empleador debe ajustarle los impuestos. File 2011 taxes turbotax Si el empleador no ajusta la recaudación en exceso, puede solicitar un reembolso utilizando el Formulario 843. File 2011 taxes turbotax Declaración conjunta. File 2011 taxes turbotax   Si presenta una declaración conjunta, no puede añadir a la cantidad retenida de su salario los impuestos del Seguro Social ni los de la jubilación ferroviaria de nivel 1 retenidos del salario de su cónyuge. File 2011 taxes turbotax Calcule por separado la retención que le corresponda a usted y la que corresponda a su cónyuge para determinar si se le han retenido impuestos en exceso a cualquiera de los dos. File 2011 taxes turbotax Cómo calcular el crédito si no trabajó para una empresa ferroviaria. File 2011 taxes turbotax   Si no trabajó para una empresa ferroviaria en 2013, calcule el crédito de la siguiente forma: 1. File 2011 taxes turbotax Sume todos los impuestos del Seguro Social retenidos (pero no más de $7,049. File 2011 taxes turbotax 40 por cada empleador). File 2011 taxes turbotax Anote el total aquí   2. File 2011 taxes turbotax Anote todo impuesto no retenido del Seguro Social sobre propinas o seguro de vida colectivo a término que aparezca en el total de la línea 60 del Formulario 1040, identificado como “UT”   3. File 2011 taxes turbotax Sume las líneas 1 y 2. File 2011 taxes turbotax Si el total es $7,049. File 2011 taxes turbotax 40 o menos, no siga. File 2011 taxes turbotax No puede reclamar el crédito   4. File 2011 taxes turbotax Límite sobre los impuestos del Seguro Social 7,049. File 2011 taxes turbotax 40 5. File 2011 taxes turbotax Crédito. File 2011 taxes turbotax De la línea 3, reste la línea 4. File 2011 taxes turbotax Anote el resultado aquí y en la línea 69 del Formulario 1040 (o la línea 41 del Formulario 1040A) $ Ejemplo. File 2011 taxes turbotax Está casado y presenta una declaración conjunta con su cónyuge quien no recibió ingresos brutos en 2013. File 2011 taxes turbotax Durante 2013, usted trabajó para la empresa Brown Technology Company y ganó un salario de $60,000. File 2011 taxes turbotax Le retuvieron impuestos del Seguro Social de $3,720. File 2011 taxes turbotax También trabajó para otro empleador en 2013 y ganó un salario de $55,000. File 2011 taxes turbotax De dicho salario, le retuvieron $3,410 de impuestos del Seguro Social. File 2011 taxes turbotax Como trabajó para más de un empleador y el total de su salario superó los $113,700, puede tomar un crédito de $80. File 2011 taxes turbotax 60 por los impuestos del Seguro Social retenidos en exceso. File 2011 taxes turbotax 1. File 2011 taxes turbotax Sume todo impuesto del Seguro Social retenido (pero no más de $7,049. File 2011 taxes turbotax 40 por cada empleador). File 2011 taxes turbotax Anote el total aquí $7,130. File 2011 taxes turbotax 00 2. File 2011 taxes turbotax Anote todo impuesto no retenido del Seguro Social sobre propinas o seguro de vida colectivo a término que aparezca en el total de la línea 60 del Formulario 1040, identificado como “UT” −0− 3. File 2011 taxes turbotax Sume las líneas 1 y 2. File 2011 taxes turbotax Si el total es $7,049. File 2011 taxes turbotax 40 o menos, no siga. File 2011 taxes turbotax No puede reclamar el crédito 7,130. File 2011 taxes turbotax 00 4. File 2011 taxes turbotax Límite sobre los impuestos del Seguro Social 7,049. File 2011 taxes turbotax 40 5. File 2011 taxes turbotax Crédito. File 2011 taxes turbotax De la línea 3, reste la línea 4. File 2011 taxes turbotax Anote el resultado aquí y en la línea 69 del Formulario 1040 (o la línea 41 del Formulario 1040A) $80. File 2011 taxes turbotax 60 Cómo calcular el crédito si trabajó para una empresa ferroviaria. File 2011 taxes turbotax   Si fue empleado ferroviario en algún momento durante 2013, calcule el crédito de la siguiente forma: 1. File 2011 taxes turbotax Sume todos los impuestos del Seguro Social y de la jubilación ferroviaria de nivel 1 retenidos a la tasa de 6. File 2011 taxes turbotax 2% (pero no más de $7,049. File 2011 taxes turbotax 40 por cada empleador). File 2011 taxes turbotax Anote el total aquí   2. File 2011 taxes turbotax Anote todos los impuestos no retenidos del Seguro Social y de la jubilación ferroviaria de nivel 1 sobre propinas o seguro de vida colectivo que aparezca en el total de la línea 60 del Formulario 1040, identificado como “UT”   3. File 2011 taxes turbotax Sume las líneas 1 y 2. File 2011 taxes turbotax Si el total es $7,049. File 2011 taxes turbotax 40 o menos, no siga. File 2011 taxes turbotax No puede reclamar el crédito   4. File 2011 taxes turbotax Límite sobre los impuestos del Seguro Social y de la jubilación ferroviaria de nivel 1 7,049. File 2011 taxes turbotax 40 5. File 2011 taxes turbotax Crédito. File 2011 taxes turbotax De la línea 3, reste la línea 4. File 2011 taxes turbotax Anote el resultado aquí y en la línea 69 del Formulario 1040 (o la línea 41 del Formulario 1040A) $ Cómo reclamar el crédito. File 2011 taxes turbotax   Anote el crédito en la línea 69 del Formulario 1040 o inclúyalo en el total de la línea 41 del Formulario 1040A. File 2011 taxes turbotax Más información. File 2011 taxes turbotax   Para información adicional sobre el crédito, vea la Publicación 505, en inglés. File 2011 taxes turbotax Prev  Up  Next   Home   More Online Publications