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File taxes online for free 28. File taxes online for free   Deducciones Misceláneas Table of Contents Qué Hay de Nuevo Introduction Useful Items - You may want to see: Deducciones Sujetas al Límite del 2%Gastos del Empleado no Reembolsados (Línea 21) Costos de la Preparación de la Declaración de Impuestos (Línea 22) Otros Gastos (Línea 23) Deducciones no Sujetas al Límite del 2%Lista de Deducciones Gastos no DeduciblesLista de Gastos no Deducibles Qué Hay de Nuevo Tarifa estándar por milla. File taxes online for free  La tarifa para uso comercial de un vehículo en 2013 es 56½ centavos por milla. File taxes online for free Introduction Este capítulo explica qué gastos pueden declararse como deducciones detalladas misceláneas en el Anexo A (Formulario 1040). File taxes online for free Usted tendrá que reducir por el 2% de su ingreso bruto ajustado el total de la mayoría de las deducciones misceláneas detalladas. File taxes online for free Este capítulo trata los siguientes temas: Deducciones sujetas al límite del 2%. File taxes online for free Deducciones no sujetas al límite del 2%. File taxes online for free Gastos que no se pueden deducir. File taxes online for free Tiene que guardar documentación para verificar sus deducciones. File taxes online for free Debe guardar sus recibos, cheques cancelados, cheques sustitutivos, estados de cuentas financieras y otros documentos comprobantes. File taxes online for free Si desea obtener más información sobre el mantenimiento de documentación, obtenga la Publicación 552, Recordkeeping for Individuals (Mantenimiento de documentación para personas físicas), en inglés. File taxes online for free Useful Items - You may want to see: Publicación 463 Travel, Entertainment, Gift, and Car Expenses (Gastos de viaje, entretenimiento, regalos y automóvil), en inglés 525 Taxable and Nontaxable Income (El ingreso tributable y no tributable), en inglés 529 Miscellaneous Deductions (Deducciones misceláneas), en inglés 535 Business Expenses (Gastos de negocios), en inglés 587 Business Use of Your Home (Including Use by Daycare Providers) (Uso de su domicilio para propósitos comerciales (incluyendo el uso por proveedores de cuidado infantil)), en inglés 946 How To Depreciate Property (Cómo depreciar la propiedad), en inglés Formulario (e Instrucciones) Anexo A (Formulario 1040) Itemized Deductions (Deducciones detalladas), en inglés 2106 Employee Business Expenses (Gastos de negocio del empleado), en inglés 2106-EZ Unreimbursed Employee Business Expenses (Gastos de negocio del empleado no reembolsados), en inglés Deducciones Sujetas al Límite del 2% Usted puede deducir ciertos gastos como deducciones detalladas misceláneas en el Anexo A (Formulario 1040). File taxes online for free Puede deducir la parte de sus gastos que supere al 2% de su ingreso bruto ajustado. File taxes online for free Se calcula la deducción en el Anexo A; restando el 2% de sus ingresos brutos ajustados del total de estos gastos. File taxes online for free Su ingreso bruto ajustado es la cifra escrita en la línea 38 del Formulario 1040. File taxes online for free Por lo general, se aplica el límite del 2% después de aplicar los demás límites de deducciones. File taxes online for free Por ejemplo, el límite del 50% (o del 80%) sobre comidas y entretenimiento relacionados con los negocios (explicado en el capítulo 26) se aplica antes de aplicar el límite del 2%. File taxes online for free Las deducciones sujetas al límite del 2% se explican aquí de acuerdo con las tres categorías en las cuales los declara en el Anexo A (Formulario 1040): Gastos del empleado no reembolsados (línea 21). File taxes online for free Costos de la preparación de la declaración de impuestos (línea 22). File taxes online for free Otros gastos (línea 23). File taxes online for free Gastos del Empleado no Reembolsados (Línea 21) Generalmente, uno puede deducir en la línea 21 del Anexo A (Formulario 1040) los gastos del empleado no reembolsados que: Pague o en los que incurra durante el año tributario, Sean necesarios para llevar a cabo su oficio o negocio como empleado y Sean ordinarios y necesarios. File taxes online for free Un gasto es “ordinario” si es común y aceptado en su oficio, negocio o profesión. File taxes online for free Un gasto es necesario si es adecuado y útil para su negocio. File taxes online for free Un gasto no tiene que ser obligatorio para considerarse necesario. File taxes online for free A continuación se indican algunos ejemplos de gastos del empleado no reembolsados. File taxes online for free Después de la lista encontrará otros ejemplos de gastos del empleado no reembolsados. File taxes online for free Deudas incobrables incurridas por un empleado en la ejecución de su trabajo. File taxes online for free Educación relacionada con el trabajo. File taxes online for free (Vea el capítulo 27). File taxes online for free Honorarios legales relacionados con su trabajo. File taxes online for free Licencias y tarifas reglamentarias. File taxes online for free Primas de seguro contra negligencia profesional. File taxes online for free Exámenes médicos requeridos por un empleador. File taxes online for free Impuestos sobre una profesión u ocupación. File taxes online for free Pasaporte para un viaje de negocios. File taxes online for free Suscripciones a revistas profesionales y de industria relacionadas con su trabajo. File taxes online for free Viajes, transporte, entretenimiento y regalos relacionados con su trabajo. File taxes online for free (Vea el capítulo 26). File taxes online for free Seguro de Responsabilidad Comercial Puede deducir las primas de seguro que pagó para protegerse contra responsabilidad personal por actos ilícitos en el trabajo. File taxes online for free Daños por Incumplimiento de Contrato de Empleo Si deja de cumplir con un contrato de empleo, puede deducir los daños que pague a su antiguo empleador que sean atribuibles a la paga que había recibido de ese empleador. File taxes online for free Depreciación de Computadoras Puede declarar una deducción por depreciación de una computadora que usted usa en el trabajo como empleado si su uso: Es para conveniencia de su empleador y Se requiere como una condición de su empleo. File taxes online for free Para obtener información acerca de las reglas y excepciones a las reglas que afectan las deducciones permitidas por una computadora en su casa, vea la Publicación 529, en inglés. File taxes online for free Cuotas a Cámaras de Comercio y Asociaciones Profesionales Es posible que pueda deducir cuotas pagadas a organizaciones profesionales (como asociaciones de abogados y asociaciones médicas) y a cámaras de comercio y organizaciones parecidas, si la afiliación le ayuda a realizar los deberes de su trabajo. File taxes online for free Estas organizaciones incluyen: Juntas comerciales, Asociaciones comerciales, Organizaciones cívicas o de servicios públicos, Juntas de bienes raíces y Asociaciones profesionales. File taxes online for free Actividades políticas y de cabildeo. File taxes online for free   Quizás no pueda deducir la parte de sus cuotas destinada a ciertas actividades políticas y de cabildeo. File taxes online for free Vea Cuotas usadas para cabildeo bajo Gastos no Deducibles, más adelante. File taxes online for free Gastos del Educador Si en el año 2013 usted era un educador que reunía los requisitos, usted puede deducir hasta $250 de gastos calificados que usted pagó en el año 2013 como ajuste a los ingresos brutos, en la línea 23 del Formulario 1040, en vez de una deducción detallada miscelánea. File taxes online for free Si presenta el Formluario 1040A, usted podría deducir estos gastos en la línea 16. File taxes online for free Si usted y su cónyuge están presentando una declaración conjunta y ambos fueron educadores calificados, la deducción máxima es $500. File taxes online for free No obstante, ninguno puede deducir más de $250 como gastos calificados. File taxes online for free Oficina en el Domicilio Si de manera habitual, usted usa una parte de su domicilio exclusivamente para propósitos comerciales, tal vez pueda deducir una parte de los gastos de operación y depreciación de su domicilio. File taxes online for free Puede reclamar esta deducción por el uso comercial de una parte de su domicilio sólo si utiliza esa parte habitual y exclusivamente: Como el lugar principal de negocios para algún oficio o negocio, Como lugar para reunirse o recibir a sus pacientes o clientes en el transcurso normal de su oficio o negocio o En el caso de un edificio separado no conectado a su domicilio, si lo usa para fines de su oficio o negocio. File taxes online for free Dicho uso comercial, habitual y exclusivo tiene que ser para conveniencia de su empleador y no sólo adecuado y útil para su propio trabajo. File taxes online for free Vea la Publicación 587, en inglés, para obtener información más detallada y una hoja de trabajo. File taxes online for free Gastos Relacionados con la Búsqueda de Empleo Puede deducir determinados gastos que tenga al buscar un nuevo trabajo en su profesión actual, incluso si no lo consigue. File taxes online for free Pero no puede deducir estos gastos si: Busca trabajo en una nueva profesión, Hubo una pausa considerable entre el término de su último trabajo y la búsqueda de un trabajo nuevo o Busca trabajo por primera vez. File taxes online for free Cuotas de agencias de colocación y empleo. File taxes online for free   Puede deducir cuotas que pague a agencias de colocación y empleo que usa como parte de su búsqueda de trabajo en su profesión actual. File taxes online for free Si el empleador le devuelve dinero. File taxes online for free   Si, en un año posterior, su empleador le devuelve el dinero de las cuotas de agencias de empleo, usted tiene que incluir la cantidad que reciba en sus ingresos brutos hasta que llegue al total del beneficio tributario que recibió en el año anterior. File taxes online for free (Vea Recuperaciones de Fondos en el capítulo 12). File taxes online for free Si el empleador le paga a la agencia de empleo. File taxes online for free   Si su empleador paga las cuotas directamente a la agencia de empleo y usted no es responsable de pagarlas, no puede incluirlas en sus ingresos brutos. File taxes online for free Currículum vitae. File taxes online for free   Puede deducir lo que gaste para preparar o enviar por correo copias de un currículum vitae a posibles empleadores siempre que busca un trabajo nuevo en su profesión actual. File taxes online for free Gastos de viaje y transporte. File taxes online for free   Si viaja a algún lugar y durante su estadía busca un trabajo nuevo en su profesión actual, tal vez pueda deducir los gastos de viaje de ida y vuelta al lugar. File taxes online for free Puede deducir los gastos de viaje si el viaje se realizó principalmente para buscar un trabajo nuevo. File taxes online for free Es importante saber qué parte del tiempo dedique a actividades personales y qué parte del tiempo dedique a buscar trabajo para determinar si el viaje se hizo principalmente por motivos personales o para buscar un trabajo nuevo. File taxes online for free   Incluso si no puede deducir los gastos de viaje de ida y vuelta al lugar, puede deducir los gastos de buscar trabajo nuevo en su profesión actual que incurra mientras se encuentra en dicho lugar. File taxes online for free   Puede optar por utilizar la tarifa estándar por milla para calcular los gastos de automóvil. File taxes online for free La tarifa correspondiente al año 2013 para uso comercial de un vehículo es 56½ centavos por milla. File taxes online for free Vea el capítulo 26 para más información. File taxes online for free Licencias y Tarifas Reglamentarias Puede deducir la cantidad que pague cada año a gobiernos estatales o locales por licencias y tarifas reglamentarias para su oficio, negocio o profesión. File taxes online for free Impuestos Incidentales al Trabajo Puede deducir un impuesto incidental al trabajo que una localidad le cobre a una tarifa fija por el privilegio de trabajar o realizar un negocio dentro de dicha localidad. File taxes online for free Si usted es empleado, puede reclamar impuestos incidentales al trabajo sólo como deducción miscelánea sujeta al límite del 2%; no puede reclamarlos como una deducción en otro lugar de su declaración. File taxes online for free Reintegro de un Pago de Asistencia Un “pago de asistencia” es aquel pago que se recibe de acuerdo con un plan del empleador para ayudar a los empleados que pierden su empleo debido a la falta de trabajo. File taxes online for free Si usted reintegra un pago de asistencia de suma global que recibió y había incluido en sus ingresos en un año anterior, puede deducir dicho reintegro. File taxes online for free Gastos de Investigación de un Profesor Universitario Si es profesor universitario, puede deducir los gastos de investigación, incluidos gastos de viaje y gastos en los que incurra por enseñar, dar conferencias o escribir y publicar temas relacionados directamente con su labor de enseñanza. File taxes online for free Tiene que haber comenzado la investigación como parte de los deberes de enseñanza que se esperan de un profesor y sin expectativas lucrativas además del sueldo. File taxes online for free No obstante, no puede deducir los costos de viajes como una forma de educación. File taxes online for free Herramientas Utilizadas en su Trabajo Por lo general, puede deducir los gastos por herramientas que usa en su trabajo si éstas se desgastan y se deshace de ellas dentro de 1 año después de la fecha de compra. File taxes online for free Puede depreciar el costo de las herramientas cuya vida sea mayor del año tributario. File taxes online for free Para obtener más información acerca de la depreciación, vea la Publicación 946, en inglés. File taxes online for free Cuotas y Gastos de Afiliación a un Sindicato Puede deducir cuotas y tarifas iniciales que pague para afiliarse a un sindicato. File taxes online for free También puede deducir contribuciones destinadas a los beneficios para miembros del sindicato desempleados. File taxes online for free No obstante, no puede deducir la parte de las contribuciones o aportaciones destinadas a los fondos para el pago de beneficios por enfermedad, accidente o fallecimiento. File taxes online for free Asimismo, no puede deducir aportaciones a un fondo de pensiones, incluso si el sindicato le exige que realice las aportaciones. File taxes online for free Tal vez no pueda deducir las cantidades que pague al sindicato si éstas están relacionadas con determinadas actividades políticas o de cabildeo. File taxes online for free Vea Gastos de Cabildeo bajo Gastos no Deducibles, más adelante. File taxes online for free Ropa de Trabajo y Uniformes Puede deducir el costo y mantenimiento de la ropa de trabajo si se cumplen los dos requisitos siguientes: Está obligado a usarlas como condición de empleo. File taxes online for free La ropa no es adecuada para uso cotidiano. File taxes online for free No es suficiente usar ropa distintiva. File taxes online for free Su empleador tiene que requerir específicamente esa ropa. File taxes online for free Tampoco es suficiente que, de hecho, no use su ropa de trabajo en otro lugar. File taxes online for free La ropa no puede servir para reemplazar su ropa habitual. File taxes online for free Algunos ejemplos de trabajadores que tal vez puedan deducir el costo y mantenimiento de la ropa de trabajo son: personas que realicen entregas, bomberos, proveedores de servicios de la salud, agentes encargados de mantener el orden público, carteros, atletas profesionales y trabajadores del transporte (aéreo, ferroviario, terrestre, etc. File taxes online for free ). File taxes online for free Los músicos y artistas pueden deducir el costo de la ropa y los accesorios de teatro si no son adecuados para su uso cotidiano. File taxes online for free Sin embargo, la ropa de trabajo que conste de un gorro blanco, camisa blanca o chaqueta blanca, overol (de pintor) blanco y zapatos de trabajo estándar, como la que debe usar un pintor en su trabajo por exigencia de su sindicato, no es distintiva en cuanto a carácter ni a la naturaleza del uniforme. File taxes online for free Igualmente, los costos de compra y mantenimiento de ropa de trabajo azul usada por un soldador a solicitud de un capataz no son deducibles. File taxes online for free Ropa de protección. File taxes online for free   Puede deducir el costo de la ropa de protección obligatoria en su trabajo, como zapatos o botas de seguridad, anteojos de seguridad, cascos y guantes de trabajo. File taxes online for free   Algunos ejemplos de trabajadores a los que quizás se les exija usar artículos de seguridad son: carpinteros, trabajadores del cemento, trabajadores de productos químicos, electricistas, tripulación de barcos de pesca, maquinistas, trabajadores de campos petrolíferos, fontaneros, técnicos en tuberías y conductores de camiones. File taxes online for free Uniformes militares. File taxes online for free   Generalmente, no puede deducir el costo de uniformes si está en servicio activo a tiempo completo en las Fuerzas Armadas. File taxes online for free Sin embargo, si es miembro en reserva de las Fuerzas Armadas, puede deducir el costo no reembolsado de su uniforme si los reglamentos militares exigen que su uso se limite a cuando esté en servicio como miembro en reserva. File taxes online for free Al calcular la deducción, tiene que deducir del costo la asignación no gravable que reciba por estos gastos. File taxes online for free   Si las reglas militares locales no le permiten que use uniformes de faena cuando no esté de servicio, puede deducir la cantidad por la cual el costo de compra y mantenimiento de estos uniformes sea superior a la asignación por uniforme que reciba. File taxes online for free   Puede deducir el costo de sus uniformes si es miembro del personal o profesorado civil de una escuela militar. File taxes online for free Costos de la Preparación de la Declaración de Impuestos (Línea 22) Generalmente, puede deducir los costos de la preparación de la declaración de impuestos en el año en el que los paga. File taxes online for free De este modo, en la declaración de impuestos de 2013, puede deducir los costos pagados en el año 2013 por la preparación de la declaración del año 2012. File taxes online for free Estos costos incluyen el costo de los programas de software de preparación de impuestos y publicaciones tributarias. File taxes online for free También incluyen todo costo que haya pagado por la presentación electrónica de su declaración. File taxes online for free Otros Gastos (Línea 23) Puede deducir otros gastos determinados como deducciones detalladas misceláneas sujetas al límite del 2%. File taxes online for free En la línea 23 del Anexo A (Formulario 1040), puede deducir gastos que paga para: Generar o cobrar ingresos que se tienen que incluir en sus ingresos brutos, Administrar, conservar o mantener en buen estado propiedad cuya finalidad es generar un ingreso de estas características o Determinar, impugnar, pagar o solicitar un reembolso de algún impuesto. File taxes online for free Puede deducir gastos que pague para los fines indicados en las secciones (1) y (2) anteriores sólo si están razonable y estrechamente relacionados con estos fines. File taxes online for free Algunos de estos gastos se explican más adelante. File taxes online for free Si los gastos que pague generan ingresos que sólo sean parcialmente tributables, vea Gastos de Ingresos Exentos de Impuestos más adelante, bajo Gastos no Deducibles. File taxes online for free Cargos de Tasación Puede deducir cargos de tasación si los paga para calcular una pérdida por hecho fortuito o el valor justo de mercado de una propiedad donada. File taxes online for free Pérdidas por Hecho Fortuito y Robo Puede deducir una pérdida por hecho fortuito o robo como una deducción detallada miscelánea sujeta al límite del 2% si utilizaba la propiedad dañada o robada para realizar servicios como empleado. File taxes online for free Primero declare la pérdida en la Sección B del Formulario 4684, Casualties and Thefts (Hechos fortuitos y robos), en inglés. File taxes online for free Es posible que también tenga que incluir la pérdida en el Formulario 4797, Sales of Business Property (Ventas de propiedades de negocios), también en inglés, si es que está obligado por otras razones a presentar ese formulario. File taxes online for free Para calcular su deducción, sume todas las pérdidas por hecho fortuito o robo de este tipo de propiedad que se incluyan en las líneas 32 y 38b del Formulario 4684, o la línea 18a del Formulario 4797, ambos en inglés. File taxes online for free Para información sobre otras pérdidas por hecho fortuito o robo, vea el capítulo 25. File taxes online for free Apoyo Administrativo y Alquiler de Oficina Puede deducir gastos de oficina, (por ejemplo apoyo administrativo y alquiler), que usted incurre con respecto a sus inversiones y al cobro de los ingresos tributables generados por las mismas. File taxes online for free Cargos de Tramitación por el Uso de una Tarjeta de Crédito o Débito Puede deducir el cargo administrativo que le cobra el tramitador de la tarjeta de crédito por efectuar un pago del impuesto sobre los ingresos (inclusive pagos del impuesto estimado) con tarjeta de crédito o débito. File taxes online for free Dichos cargos son deducibles en el año en que se paguen. File taxes online for free Depreciación de Computadora de Uso Doméstico Puede deducir la depreciación de su computadora de uso doméstico si la utiliza para generar ingresos (por ejemplo, para administrar sus inversiones que generen ingresos tributables). File taxes online for free Por lo general, tiene que depreciar la computadora según el método uniforme durante el período de recuperación del Sistema Alternativo de Depreciación (ADS, por sus siglas en inglés). File taxes online for free Si trabaja como empleado y también utiliza la computadora en ese trabajo, vea la Publicación 946, en inglés. File taxes online for free Deducciones que le Sobran de un Caudal Hereditario Si las deducciones totales de un caudal hereditario en su año tributario anterior son superiores a su ingreso bruto de ese año, los beneficiarios que heredan la propiedad pueden deducir la cantidad que le sobró en exceso. File taxes online for free No incluya las deducciones por la exención personal del caudal hereditario y las donaciones con fines benéficos al calcular las deducciones totales del caudal hereditario. File taxes online for free Los beneficiarios pueden reclamar la deducción sólo para el año tributario en el que, o con el que, termina el caudal hereditario, sea el año final un año normal o un año tributario corto. File taxes online for free Para obtener más información, vea Termination of Estate (Terminación de un caudal hereditario) en la Publicación 559, Survivors, Executors, and Administrators (Sobrevivientes, albaceas y administradores), en inglés. File taxes online for free Cargos del Cobro de Intereses y Dividendos Puede deducir cargos que paga a un agente de bolsa, banco, fideicomisario o agente parecido por el cobro de los intereses de los bonos o dividendos de acciones tributables. File taxes online for free Sin embargo, no puede deducir un cargo que pague a un agente de bolsa para comprar bienes de inversión, como acciones o bonos. File taxes online for free Tiene que agregar el cargo al costo de los bienes. File taxes online for free No puede deducir el cargo que pague a un agente de bolsa para vender valores. File taxes online for free Puede usar el cargo sólo para calcular las pérdidas o ganancias de la venta. File taxes online for free Vea las Instrucciones del Formulario 8949, para obtener información sobre cómo declarar el cargo. File taxes online for free Gastos Relacionados con un Pasatiempo Por lo general, puede deducir gastos relacionados con un pasatiempo, pero sólo hasta la cantidad del ingreso generado por el mismo. File taxes online for free Un pasatiempo no es un negocio porque no se realiza para obtener un beneficio económico. File taxes online for free Consulte Actividad sin fines de lucro en el capítulo 12 bajo Otros Ingresos. File taxes online for free Deducciones Indirectas de Entidades que Traspasan los Atributos Tributarios Las entidades que traspasan los atributos tributarios incluyen sociedades colectivas, sociedades anónimas de tipo S y fondos mutuos que no se ofrecen al público. File taxes online for free Las deducciones de dichas entidades se traspasan a los socios o accionistas. File taxes online for free Los socios o accionistas pueden deducir su parte de las deducciones traspasadas para gastos de inversión como deducciones detalladas misceláneas sujetas al límite del 2%. File taxes online for free Ejemplo. File taxes online for free Usted es miembro de un club de inversiones formado exclusivamente para invertir en valores. File taxes online for free El club se considera una sociedad colectiva. File taxes online for free Los ingresos de la sociedad colectiva provienen exclusivamente de dividendos, intereses y ganancias tributables procedentes de la venta de valores. File taxes online for free En este caso, usted puede deducir su parte de los gastos de operación de la sociedad colectiva como deducciones detalladas misceláneas sujetas al límite del 2%. File taxes online for free No obstante, si el club de inversiones tiene inversiones que generan ingresos no tributables también, no puede deducir su parte de los gastos que generan ingresos no tributables. File taxes online for free Fondos mutuos de oferta pública. File taxes online for free   Los fondos mutuos de oferta pública no traspasan deducciones por gastos de inversión a los accionistas. File taxes online for free Un fondo mutuo es “de oferta pública” si: Se comercializa continuamente en virtud de una oferta pública, Se cotiza habitualmente en un mercado bursátil de valores establecido o Están bajo la propiedad de al menos 500 personas en todo momento durante el año tributario. File taxes online for free   El fondo mutuo de oferta pública le enviará un Formulario 1099-DIV, Dividends and Distributions (Dividendos y distribuciones), en inglés, o un formulario sustitutivo, que indique la cantidad neta del ingreso de dividendos (dividendos brutos menos gastos de inversión). File taxes online for free Esta cifra neta es la cantidad que declara como ingresos. File taxes online for free Usted no puede también deducir los gastos de inversión incurridos por fondos mutuos de oferta pública porque ya se incluyen como parte de la cantidad neta del ingreso de dividendos. File taxes online for free Declaraciones informativas. File taxes online for free   Las entidades que traspasan los atributos tributarios deben enviarle declaraciones informativas. File taxes online for free Sociedades colectivas y de tipo S. File taxes online for free   Estas entidades generan el Anexo K-1, el cual indica los conceptos y las cantidades que tiene que declarar y también identifica los anexos y las líneas de la declaración de impuestos que se deben usar. File taxes online for free Fondos mutuos que no son de oferta pública. File taxes online for free   Estos fondos le enviarán un Formulario 1099-DIV, Dividends and Distributions (Dividendos y distribuciones), o un formulario sustitutivo, el cual indicará su parte de los ingresos brutos y los gastos de inversión. File taxes online for free Puede declarar los gastos sólo como una deducción detallada miscelánea sujeta al límite del 2%. File taxes online for free Cargos y Gastos Relacionados con la Inversión Puede deducir cargos relacionados con la inversión, custodia, administración de fideicomiso y otros gastos que pague por la administración de inversiones que generen ingresos tributables. File taxes online for free Gastos Legales Por lo general, puede deducir gastos legales en los que incurra al intentar generar o cobrar ingresos tributables o que pague en conexión con la determinación, cobro o reembolso de un impuesto. File taxes online for free También puede deducir gastos legales que: Estén relacionados con la realización o conservación de su trabajo, como los que pague para defenderse contra acusaciones penales que se levanten por las acciones de su oficio o negocio, Sean para asesoría tributaria relacionada con un divorcio, si la factura indica cuánto corresponde a la asesoría tributaria y se determina de una forma razonable o Sean para cobrar una pensión tributable para el cónyuge divorciado. File taxes online for free Puede deducir los gastos que incurrió para resolver problemas tributarios relacionados con las pérdidas o ganancias de un negocio (Anexo C o C-EZ), alquileres o regalías (Anexo E) o gastos e ingresos agrícolas (Anexo F) en el anexo apropiado, todos en inglés. File taxes online for free Debe deducir los gastos que incurrió para resolver problemas tributarios no comerciales en el Anexo A (Formulario 1040). File taxes online for free Vea Costos de la Preparación de la Declaración de Impuestos , anteriormente. File taxes online for free Pérdidas de Depósitos Para obtener información acerca de si puede deducir la pérdida de un depósito que usted hizo en una institución financiera que reúna los requisitos y cómo declarar la deducción si tiene derecho a ella, vea Pérdidas de Depósitos en el capítulo 25. File taxes online for free Reintegros de Ingresos Si tuvo que reintegrar una cantidad que incluyó como ingresos en un año anterior, es posible que pueda deducir dicha cantidad reintegrada. File taxes online for free Si la cantidad que tuvo que reintegrar era ingreso ordinario de $3,000 o menos, la deducción está sujeta al límite del 2%. File taxes online for free Si fue más de $3,000, vea Reintegros por la Reclamación de un Derecho bajo Deducciones no Sujetas al Límite del 2%, más adelante. File taxes online for free Reintegros de Beneficios del Seguro Social Para obtener información acerca de cómo deducir los reintegros de ciertos beneficios del Seguro Social, vea Reintegros Superiores a los Beneficios Brutos en el capítulo 11. File taxes online for free Alquiler de Caja de Seguridad Puede deducir el alquiler de una caja de seguridad si la utiliza para almacenar bonos y acciones que generen ingresos tributables o documentos y papeles relacionados con inversiones. File taxes online for free No puede deducir el alquiler si sólo utiliza la caja para guardar joyas, otras pertenencias personales o valores exentos de impuestos. File taxes online for free Cargos Administrativos de los Planes de Reinversión de Dividendos Puede deducir los cargos administrativos que pague como abonado a un plan de reinversión de dividendos. File taxes online for free Estos cargos administrativos incluyen pagos por: Poseer acciones adquiridas mediante un plan, Cobrar y reinvertir dividendos en efectivo, y Mantener documentación personal y proporcionar estados de cuenta detallados. File taxes online for free Honorarios por Administración de un Fideicomiso de Arreglos IRA Los honorarios de administración de un fideicomiso que se facturen por separado y que usted pague en relación con un arreglo de ahorros para la jubilación (IRA, por sus siglas en inglés) son deducibles (si son ordinarios y necesarios) como deducción detallada miscelánea sujeta al límite del 2%. File taxes online for free Para obtener más información acerca de los arreglos IRA, vea el capítulo 17. File taxes online for free Deducciones no Sujetas al Límite del 2% Puede deducir los artículos indicados a continuación como deducciones detalladas misceláneas. File taxes online for free No están sujetas al límite del 2%. File taxes online for free Declare estos artículos en la línea 28 del Anexo A del Formulario 1040. File taxes online for free Lista de Deducciones Se explica cada uno de los siguientes artículos en detalle después de la lista (excepto cuando se indica al contrario). File taxes online for free Prima amortizable de bonos tributables. File taxes online for free Pérdidas por hecho fortuito y robo de una propiedad que genera ingresos. File taxes online for free Impuesto federal sobre la herencia atribuible a los ingresos de un difunto. File taxes online for free Pérdidas de apuestas y juegos de azar hasta la cantidad de sus ganancias del juego. File taxes online for free Gastos del trabajo relacionados con los impedimentos de personas con incapacidades. File taxes online for free Pérdida por otras actividades anotadas en el recuadro 2 del Anexo K-1 del Formulario 1065-B. File taxes online for free Pérdidas por estafas de inversiones engañosas tipo Ponzi. File taxes online for free Vea, Pérdidas proveneintes de estafas de inversiones del tipo Ponzi (Ponzi schemes) , en el capítulo 25. File taxes online for free Reintegros de más de $3,000 por la reclamación de un derecho. File taxes online for free Inversión no recuperada en una anualidad. File taxes online for free Prima Amortizable de Bonos Tributables En general, si la cantidad que paga por un bono es superior a la cantidad de capital estipulado, el excedente corresponde a la prima de los bonos. File taxes online for free Puede optar por amortizar la prima de bonos tributables. File taxes online for free Por lo general, la amortización de la prima compensa los ingresos de intereses sobre el bono en lugar de ser una deducción diferente. File taxes online for free Parte de la prima de algunos bonos puede ser una deducción miscelánea no sujeta al límite del 2%. File taxes online for free Para obtener más información, vea Amortizable Premium on Taxable Bonds (Prima amortizable de bonos tributables) en la Publicación 529 y Bond Premium Amortization (Amortización de prima de bono) en el capítulo 3 de la Publicación 550, Investment Income and Expenses (Gastos e ingresos de inversión), ambas en inglés. File taxes online for free Pérdidas por Hecho Fortuito y Robo de Propiedad que Genera Ingresos Puede deducir una pérdida por hecho fortuito o robo como deducción detallada miscelánea no sujeta al límite del 2% si la propiedad dañada o robada era una propiedad que generaba ingresos (propiedad que se tiene con fines de inversión, tal como acciones, pagarés, bonos, oro, plata, terrenos sin construir y obras de arte). File taxes online for free Primero, declare la pérdida en la Sección B del Formulario 4684. File taxes online for free Asimismo, es posible que tenga que incluir la pérdida en el Formulario 4797, Sales of Business Property (Ventas de bienes comerciales), en inglés, si por algún otro motivo está obligado a presentar ese formulario. File taxes online for free Para calcular su deducción, sume todas las pérdidas por hecho fortuito o robo de este tipo de propiedad que se incluyan en las líneas 32 y 38b del Formulario 4684, o la línea 18a del Formulario 4797. File taxes online for free Para obtener más información acerca de las pérdidas por hecho fortuito y robo, consulte el capítulo 25. File taxes online for free Impuesto Federal sobre la Herencia Atribuible a los Ingresos de un Difunto Puede deducir el impuesto federal sobre la herencia atribuible a los ingresos de un difunto que usted, como beneficiario, incluye en sus ingresos brutos. File taxes online for free Los ingresos de un difunto son ingresos brutos que habría recibido éste si no hubiese fallecido y que no se podían incluir debidamente en la última declaración de impuestos del difunto. File taxes online for free Vea la Publicación 559, en inglés, para obtener más información. File taxes online for free Pérdidas de Apuestas y Juegos de Azar hasta la Cantidad de sus Ganancias de Juego Tiene que declarar la cantidad total de sus ganancias de apuestas y juegos de azar que tuvo en el año en la línea 21 del Formulario 1040. File taxes online for free Debe deducir sus pérdidas de juego que tuvo en el año en la línea 28 del Anexo A del Formulario 1040. File taxes online for free No puede deducir las pérdidas de apuestas y juegos de azar que sean superiores a las ganancias. File taxes online for free No puede reducir las ganancias de apuestas y juegos de azar por las pérdidas de juego y declarar la diferencia. File taxes online for free Tiene que declarar la cantidad total de las ganancias como ingresos, y las pérdidas (hasta la cantidad de su ganancias), como deducción detallada. File taxes online for free Por consiguiente, su documentación debe mostrar las ganancias por separado de las pérdidas. File taxes online for free Diario de ganancias y pérdidas. File taxes online for free Tiene que mantener un diario exacto o registro parecido de sus ganancias y pérdidas provenientes de apuestas y juegos de azar. File taxes online for free Su diario debe contener, como mínimo, la siguiente información: La fecha y el tipo de apuesta específica o actividad de apuestas. File taxes online for free El nombre y la dirección o ubicación del establecimiento de apuestas. File taxes online for free Los nombres de otras personas que lo acompañan en el establecimiento de apuestas. File taxes online for free La (o las) cantidad(es) que ganó o perdió. File taxes online for free Vea la Publicación 529, en inglés, para información adicional. File taxes online for free Gastos de Trabajo Relacionados con un Impedimento Si tiene una incapacidad física o mental que limite su capacidad para trabajar o limite sustancialmente una o más de las actividades principales de la vida (como realizar tareas manuales, caminar, hablar, respirar, aprender y trabajar), puede deducir sus gastos de trabajo relacionados con dicho impedimento. File taxes online for free Los gastos de trabajo relacionados con un impedimento son gastos ordinarios y necesarios del negocio incurridos por servicios de un asistente en su lugar de trabajo y por otros gastos relacionados con su lugar de trabajo que sean necesarios para que pueda trabajar. File taxes online for free Personas que trabajan por cuenta propia. File taxes online for free   Si trabaja por cuenta propia, anote los gastos de trabajo relacionados con su incapacidad en el formulario correspondiente (Anexo C, C-EZ, E o F) que utilice para declarar los ingresos y gastos de negocio. File taxes online for free Pérdida por Otras Actividades Anotadas en el Recuadro 2 del Anexo K-1 del Formulario 1065-B Si la cantidad declarada en el recuadro 2 del Anexo K-1 del Formulario 1065-B es una pérdida, declárela en la línea 28 del Anexo A del Formulario 1040. File taxes online for free No está sujeto a las limitaciones de actividades pasivas. File taxes online for free Reintegros por la Reclamación de un Derecho Si tuvo que reintegrar más de $3,000 que incluyó en los ingresos de un año anterior porque en ese momento pensaba que tenía un derecho no restringido a dichos ingresos, tal vez pueda deducir la cantidad que pagó o solicitar que se la acrediten en sus impuestos. File taxes online for free Vea Reintegros en el capítulo 12, para más información. File taxes online for free Inversión no Recuperada en una Anualidad Un jubilado que haya contribuido al costo de una anualidad puede excluir de sus ingresos parte de cada pago que reciba, por ser rendimiento exento de impuestos de la inversión del jubilado. File taxes online for free Si el jubilado muere antes de recuperar toda la inversión libre de impuestos, se podría deducir toda inversión no recuperada en la declaración final de impuestos del jubilado. File taxes online for free Vea el capítulo 10 para obtener más información acerca del trato tributario de las pensiones y anualidades. File taxes online for free Gastos no Deducibles A continuación se enumeran algunos ejemplos de gastos no deducibles. File taxes online for free Luego, se explican en mayor detalle los gastos no deducibles adicionales. File taxes online for free Lista de Gastos no Deducibles Comisiones de agentes bursátiles que usted pagó con respecto a su arreglo IRA u otra propiedad de inversión. File taxes online for free Gastos de entierro o funeral, incluido el costo de la tumba. File taxes online for free Gastos de capital. File taxes online for free Cargos y licencias, como licencias de automóvil, de matrimonio y placas de identificación. File taxes online for free Pérdidas relacionadas con pasatiempos; no obstante, vea Gastos Relacionados con un Pasatiempo , anteriormente. File taxes online for free Reparaciones, seguro y alquiler de la vivienda. File taxes online for free Sobornos y comisiones clandestinas. File taxes online for free Vea Bribes and kickbacks (Sobornos y comisiones clandestinas) en el capítulo 11 de la Publicación 535, en inglés. File taxes online for free Pérdidas de la venta de su vivienda, mobiliario, automóvil personal, etc. File taxes online for free Primas de seguro personal por incapacidad. File taxes online for free Gastos personales, de vida o familiares. File taxes online for free Valor de salarios no recibidos o período de vacaciones no utilizadas. File taxes online for free Gastos de Adopción No puede deducir los gastos que incurre en la adopción de un niño, pero tal vez pueda tomar un crédito para esos gastos. File taxes online for free Vea el capítulo 36. File taxes online for free Gastos de Campaña Electoral No puede deducir gastos que un candidato para un cargo público incurre en su campaña electoral, incluso si el candidato está postulando para la reelección a dicho cargo. File taxes online for free Estos incluyen cargos de calificación e inscripción para las elecciones primarias. File taxes online for free Honorarios legales. File taxes online for free   No puede deducir honorarios legales que se pagan para defender cargos derivados de la participación en una campaña política. File taxes online for free Cargos por Emisión de Cheques de Cuenta Personal Si tiene una cuenta corriente personal, no puede deducir cargos cobrados por el banco por el privilegio de emitir cheques, incluso si la cuenta devenga intereses. File taxes online for free Cuotas de Clubes Por lo general, no puede deducir el costo de afiliación a un club organizado para fines comerciales, de placer, recreación u otro fin social. File taxes online for free Esto incluye clubes de negocios, sociales, atléticos, de almuerzo, deportivos, de aerolíneas, hoteles, golf y de campo. File taxes online for free No puede deducir cuotas pagadas a una organización si uno de los propósitos principales de ésta es: Realizar actividades sociales para los miembros o sus invitados u Ofrecer a los miembros o sus invitados acceso a establecimientos de actividades sociales. File taxes online for free No se pueden deducir las cuotas pagadas a aerolíneas, hoteles o clubes de almuerzo. File taxes online for free Gastos de Transporte entre su Domicilio y el Trabajo No puede deducir gastos de viaje de ida y vuelta al trabajo (el costo de su transporte entre su residencia y su lugar de trabajo principal o habitual). File taxes online for free Si transporta herramientas, instrumentos u otros artículos en su automóvil de ida y vuelta a su trabajo, puede deducir sólo el costo adicional de transporte de dichos artículos, como el alquiler de un remolque para el transporte de los mismos. File taxes online for free Multas o Sanciones No puede deducir multas o sanciones que pague a una oficina del gobierno por infringir una ley. File taxes online for free Esto incluye cantidades pagadas para liquidar su responsabilidad real o posible de una multa o sanción (civil o penal). File taxes online for free Las multas o sanciones incluyen multas de estacionamiento, sanciones tributarias y sanciones deducidas de su sueldo de maestro después de una huelga ilícita. File taxes online for free Gastos de Balnearios No puede deducir gastos de un balneario (spa), aun si existe un requisito laboral para mantenerse en excelente condición física, como podría ser el caso de un oficial encargado del orden público. File taxes online for free Sistema de Seguridad Residencial No puede deducir el costo de un sistema de seguridad residencial como una deducción miscelánea. File taxes online for free Sin embargo, tal vez pueda reclamar una deducción por un sistema de seguridad residencial como gasto de negocios, si es que tiene una oficina en su casa. File taxes online for free Vea Oficina en el Domicilio bajo Gastos del Empleado no Reembolsados, anteriormente, y Security System (Sistema de seguridad) bajo Deducting Expenses (Deducción de gastos) en la Publicación 587, en inglés. File taxes online for free Seminarios Relacionados con Inversiones No puede deducir gastos por asistir a una convención, seminario o reunión parecida para fines de inversión. File taxes online for free Primas de Seguro de Vida No puede deducir primas que pague por su propio seguro de vida. File taxes online for free Tal vez pueda deducir como pensión para el cónyuge divorciado primas que pague por las pólizas de seguro de vida asignadas a su ex-cónyuge. File taxes online for free Consulte el capítulo 18 para información sobre la pensión alimenticia. File taxes online for free Gastos de Cabildeo Por lo general, no puede deducir cantidades pagadas o incurridas por concepto de cabildeo. File taxes online for free Estos incluyen gastos para: Influenciar el proceso de legislación, Participar o intervenir en una campaña política a favor o en contra de un candidato a un cargo público, Intentar influenciar al público en general, o a un segmento del público, respecto a las elecciones, materias legislativas o referéndums o Comunicarse directamente con funcionarios del poder ejecutivo bajo protección en un intento de influenciar las acciones del funcionario o las opiniones del mismo. File taxes online for free Los gastos de cabildeo también incluyen cantidades pagadas o gastos en los que ha incurrido para la investigación, preparación, planificación o coordinación de cualquiera de estas actividades. File taxes online for free Cuotas usadas para cabildeo. File taxes online for free   Si una organización exenta de impuestos le notifica que esa parte de las cuotas u otras cantidades que usted paga a la organización se utilizan para pagar gastos de cabildeo no deducibles, no puede deducir esa parte de las cuotas. File taxes online for free Vea Lobbying Expenses (Gastos de cabildeo) en la Publicación 529, en inglés, para obtener información sobre las excepciones. File taxes online for free Dinero en Efectivo o Bienes Perdidos o Extraviados No puede deducir una pérdida basada en la simple desaparición de dinero o bienes. File taxes online for free Sin embargo, una pérdida o desaparición accidental de bienes puede considerarse hecho fortuito si es causada por un acontecimiento que se pueda identificar y que sea repentino, inesperado o poco común. File taxes online for free Vea el capítulo 25. File taxes online for free Ejemplo. File taxes online for free Se cierra una puerta de su automóvil accidentalmente en su mano y rompe el engaste de su anillo de diamante. File taxes online for free El diamante se cae del anillo y nunca lo pudo encontrar. File taxes online for free La pérdida del diamante es un hecho fortuito. File taxes online for free Almuerzos con Compañeros de Trabajo No puede deducir los gastos de almuerzos con compañeros de trabajo, excepto si viaja lejos de casa por razones comerciales. File taxes online for free Vea el capítulo 26 para obtener información acerca de los gastos deducibles mientras se encuentra lejos de su domicilio. File taxes online for free Comidas Cuando Trabaja Hasta Tarde No puede deducir el costo de comidas si trabaja hasta tarde. File taxes online for free Sin embargo, tal vez pueda declarar una deducción si el costo de las comidas es un gasto de entretenimiento deducible o si viaja lejos de casa. File taxes online for free Vea el capítulo 26 para obtener información sobre gastos de entretenimiento deducibles y gastos durante viajes lejos de su domicilio. File taxes online for free Gastos por Asuntos Legales Personales No puede deducir gastos por asuntos legales personales, como aquéllos en los que se ha incurrido en los siguientes casos: Tutoría de hijos. File taxes online for free Demanda por incumplimiento de promesa de matrimonio. File taxes online for free Cargos civiles o penales derivados de una relación personal. File taxes online for free Daños por lesiones personales, a excepción de ciertas reclamaciones por discriminación ilegal y por denuncia de actividades ilícitas en una empresa. File taxes online for free Preparación de un título (o defensa o perfeccionamiento de un título). File taxes online for free Preparación de un testamento. File taxes online for free Reclamaciones de propiedad o liquidación de propiedad en un divorcio. File taxes online for free No puede deducir estos gastos incluso si una consecuencia del proceso legal es la pérdida de propiedad que genera ingresos. File taxes online for free Donaciones Políticas No puede deducir donaciones hechas a un candidato político, un comité de campaña o un fondo para publicar boletines. File taxes online for free Los avisos publicitarios en programas de convenciones y entradas a cenas o programas que benefician a un partido o candidato político no son deducibles. File taxes online for free Costos de Acreditación Profesional No puede deducir costos de acreditación profesional tales como: Costos de certificado de contabilidad pagados para el derecho inicial de poder practicar la contabilidad. File taxes online for free Costos del examen para el ejercicio de la abogacía y gastos afines para asegurarse el ingreso inicial al colegio de abogados. File taxes online for free Costos de licencias médicas y dentales para obtener la primera licencia de ejercicio de la profesión. File taxes online for free Reputación Profesional No puede deducir gastos por salir en un programa de radio o televisión para aumentar su prestigio personal o establecer su reputación profesional. File taxes online for free Aportaciones a un Fondo de Ayuda Económica No puede deducir aportaciones pagadas a un plan privado que pague beneficios a los empleados cubiertos que no puedan trabajar debido a una lesión o enfermedad no relacionada con el trabajo. File taxes online for free Servicio Telefónico Residencial No puede deducir un cobro (incluidos impuestos) por un servicio telefónico local básico de la línea telefónica principal de su residencia, aun cuando se utilice en una ocupación o negocio. File taxes online for free Reuniones de Accionistas No puede deducir gastos de transporte ni otros que paga para asistir a reuniones de accionistas de empresas en las que tiene participación accionaria, pero no de otra índole. File taxes online for free No puede deducir estos gastos aunque asista a la reunión para obtener información que podría ser útil al efectuar otras inversiones. File taxes online for free Gastos de Ingresos Exentos de Impuestos No puede deducir gastos que incurre para generar ingresos exentos de impuestos. File taxes online for free No puede deducir intereses de una deuda en la que haya incurrido o continúa para comprar o portar valores exentos de impuestos. File taxes online for free Si usted incurre gastos para generar ingresos tributables y exentos de impuestos, pero no puede identificar los gastos que generan cada tipo de ingreso, tiene que dividir los gastos según la cantidad de cada tipo de ingreso para determinar la cantidad que puede deducir. File taxes online for free Ejemplo. File taxes online for free Durante el año recibió intereses tributables de $4,800 e intereses exentos de impuestos de $1,200. File taxes online for free Al obtener este ingreso, tuvo un total de gastos de $500 durante el año. File taxes online for free No puede identificar la cantidad de cada gasto correspondiente a cada ingreso. File taxes online for free Por lo tanto, el 80% ($4,800/$6,000) del gasto corresponde a los intereses tributables y el 20% ($1,200/$6,000) corresponde a los intereses exentos de impuestos. File taxes online for free Puede deducir, sujeto al límite del 2%, gastos de $400 (80% de $500). File taxes online for free Gastos de Viaje para Otra Persona Por lo general, no puede deducir los gastos de viaje que pague o en los que incurra para su cónyuge, dependiente, u otra persona que lo acompañe (o su empleado) en un viaje de negocios o por motivos personales, a menos que el cónyuge, el dependiente, o la otra persona sea un empleado del contribuyente; el viaje sea para un propósito comercial de buena fe (bona fide); y tales gastos serían de otra manera deducibles por el cónyuge, dependiente u otra persona. File taxes online for free Vea el capítulo 26 para más información sobre gastos de viaje deducibles. File taxes online for free Aportaciones Voluntarias al Fondo de Beneficios por Desempleo No puede deducir aportaciones voluntarias al fondo de beneficios por desempleo que usted realice a un fondo sindical o a un fondo privado. File taxes online for free Sin embargo, puede deducir las aportaciones como impuestos si la ley estatal le exige que las haga a un fondo de desempleo del estado que le protege de la pérdida de sueldos por desempleo causado por condiciones comerciales. File taxes online for free Relojes de Pulsera No puede deducir el costo de un reloj de pulsera, incluso si existe un requisito laboral que establezca que tiene que saber la hora correcta para realizar sus funciones de manera adecuada. File taxes online for free Prev  Up  Next   Home   More Online Publications
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File taxes online for free Publication 561 - Main Contents Table of Contents What Is Fair Market Value (FMV)?Factors. File taxes online for free Stock. File taxes online for free Options. File taxes online for free Determining Fair Market Value Problems in Determining Fair Market Value Valuation of Various Kinds of PropertyHousehold Goods Used Clothing Jewelry and Gems Paintings, Antiques, and Other Objects of Art Collections Cars, Boats, and Aircraft Inventory Patents Stocks and Bonds Real Estate Interest in a Business Annuities, Interests for Life or Terms of Years, Remainders, and Reversions Certain Life Insurance and Annuity Contracts Partial Interest in Property Not in Trust AppraisalsDeductions of More Than $5,000 Deductions of More Than $500,000 Qualified Appraisal Form 8283 Internal Revenue Service Review of Appraisals Penalty How To Get Tax HelpLow income tax clinics (LITCs). File taxes online for free What Is Fair Market Value (FMV)? To figure how much you may deduct for property that you contribute, you must first determine its fair market value on the date of the contribution. File taxes online for free Fair market value. File taxes online for free   Fair market value (FMV) is the price that property would sell for on the open market. File taxes online for free It is the price that would be agreed on between a willing buyer and a willing seller, with neither being required to act, and both having reasonable knowledge of the relevant facts. File taxes online for free If you put a restriction on the use of property you donate, the FMV must reflect that restriction. File taxes online for free Example 1. File taxes online for free If you give used clothing to the Salvation Army, the FMV would be the price that typical buyers actually pay for clothing of this age, condition, style, and use. File taxes online for free Usually, such items are worth far less than what you paid for them. File taxes online for free Example 2. File taxes online for free If you donate land and restrict its use to agricultural purposes, you must value the land at its value for agricultural purposes, even though it would have a higher FMV if it were not restricted. File taxes online for free Factors. File taxes online for free   In making and supporting the valuation of property, all factors affecting value are relevant and must be considered. File taxes online for free These include: The cost or selling price of the item, Sales of comparable properties, Replacement cost, and Opinions of experts. File taxes online for free   These factors are discussed later. File taxes online for free Also, see Table 1 for a summary of questions to ask as you consider each factor. File taxes online for free Date of contribution. File taxes online for free   Ordinarily, the date of a contribution is the date that the transfer of the property takes place. File taxes online for free Stock. File taxes online for free   If you deliver, without any conditions, a properly endorsed stock certificate to a qualified organization or to an agent of the organization, the date of the contribution is the date of delivery. File taxes online for free If the certificate is mailed and received through the regular mail, it is the date of mailing. File taxes online for free If you deliver the certificate to a bank or broker acting as your agent or to the issuing corporation or its agent, for transfer into the name of the organization, the date of the contribution is the date the stock is transferred on the books of the corporation. File taxes online for free Options. File taxes online for free   If you grant an option to a qualified organization to buy real property, you have not made a charitable contribution until the organization exercises the option. File taxes online for free The amount of the contribution is the FMV of the property on the date the option is exercised minus the exercise price. File taxes online for free Example. File taxes online for free You grant an option to a local university, which is a qualified organization, to buy real property. File taxes online for free Under the option, the university could buy the property at any time during a 2-year period for $40,000. File taxes online for free The FMV of the property on the date the option is granted is $50,000. File taxes online for free In the following tax year, the university exercises the option. File taxes online for free The FMV of the property on the date the option is exercised is $55,000. File taxes online for free Therefore, you have made a charitable contribution of $15,000 ($55,000, the FMV, minus $40,000, the exercise price) in the tax year the option is exercised. File taxes online for free Determining Fair Market Value Determining the value of donated property would be a simple matter if you could rely only on fixed formulas, rules, or methods. File taxes online for free Usually it is not that simple. File taxes online for free Using such formulas, etc. File taxes online for free , seldom results in an acceptable determination of FMV. File taxes online for free There is no single formula that always applies when determining the value of property. File taxes online for free This is not to say that a valuation is only guesswork. File taxes online for free You must consider all the facts and circumstances connected with the property, such as its desirability, use, and scarcity. File taxes online for free For example, donated furniture should not be evaluated at some fixed rate such as 15% of the cost of new replacement furniture. File taxes online for free When the furniture is contributed, it may be out of style or in poor condition, therefore having little or no market value. File taxes online for free On the other hand, it may be an antique, the value of which could not be determined by using any formula. File taxes online for free Cost or Selling Price of the Donated Property The cost of the property to you or the actual selling price received by the qualified organization may be the best indication of its FMV. File taxes online for free However, because conditions in the market change, the cost or selling price of property may have less weight if the property was not bought or sold reasonably close to the date of contribution. File taxes online for free The cost or selling price is a good indication of the property's value if: The purchase or sale took place close to the valuation date in an open market, The purchase or sale was at “arm's-length,” The buyer and seller knew all relevant facts, The buyer and seller did not have to act, and The market did not change between the date of purchase or sale and the valuation date. File taxes online for free Example. File taxes online for free Tom Morgan, who is not a dealer in gems, bought an assortment of gems for $5,000 from a promoter. File taxes online for free The promoter claimed that the price was “wholesale” even though he and other dealers made similar sales at similar prices to other persons who were not dealers. File taxes online for free The promoter said that if Tom kept the gems for more than 1 year and then gave them to charity, Tom could claim a charitable deduction of $15,000, which, according to the promoter, would be the value of the gems at the time of contribution. File taxes online for free Tom gave the gems to a qualified charity 13 months after buying them. File taxes online for free The selling price for these gems had not changed from the date of purchase to the date he donated them to charity. File taxes online for free The best evidence of FMV depends on actual transactions and not on some artificial estimate. File taxes online for free The $5,000 charged Tom and others is, therefore, the best evidence of the maximum FMV of the gems. File taxes online for free Terms of the purchase or sale. File taxes online for free   The terms of the purchase or sale should be considered in determining FMV if they influenced the price. File taxes online for free These terms include any restrictions, understandings, or covenants limiting the use or disposition of the property. File taxes online for free Rate of increase or decrease in value. File taxes online for free   Unless you can show that there were unusual circumstances, it is assumed that the increase or decrease in the value of your donated property from your cost has been at a reasonable rate. File taxes online for free For time adjustments, an appraiser may consider published price indexes for information on general price trends, building costs, commodity costs, securities, and works of art sold at auction in arm's-length sales. File taxes online for free Example. File taxes online for free Bill Brown bought a painting for $10,000. File taxes online for free Thirteen months later he gave it to an art museum, claiming a charitable deduction of $15,000 on his tax return. File taxes online for free The appraisal of the painting should include information showing that there were unusual circumstances that justify a 50% increase in value for the 13 months Bill held the property. File taxes online for free Arm's-length offer. File taxes online for free   An arm's-length offer to buy the property close to the valuation date may help to prove its value if the person making the offer was willing and able to complete the transaction. File taxes online for free To rely on an offer, you should be able to show proof of the offer and the specific amount to be paid. File taxes online for free Offers to buy property other than the donated item will help to determine value if the other property is reasonably similar to the donated property. File taxes online for free Sales of Comparable Properties The sales prices of properties similar to the donated property are often important in determining the FMV. File taxes online for free The weight to be given to each sale depends on the following. File taxes online for free The degree of similarity between the property sold and the donated property. File taxes online for free The time of the sale—whether it was close to the valuation date. File taxes online for free The circumstances of the sale—whether it was at arm's-length with a knowledgeable buyer and seller, with neither having to act. File taxes online for free The conditions of the market in which the sale was made—whether unusually inflated or deflated. File taxes online for free The comparable sales method of valuing real estate is explained later under Valuation of Various Kinds of Property. File taxes online for free Example 1. File taxes online for free Mary Black, who is not a book dealer, paid a promoter $10,000 for 500 copies of a single edition of a modern translation of the Bible. File taxes online for free The promoter had claimed that the price was considerably less than the “retail” price, and gave her a statement that the books had a total retail value of $30,000. File taxes online for free The promoter advised her that if she kept the Bibles for more than 1 year and then gave them to a qualified organization, she could claim a charitable deduction for the “retail” price of $30,000. File taxes online for free Thirteen months later she gave all the Bibles to a church that she selected from a list provided by the promoter. File taxes online for free At the time of her donation, wholesale dealers were selling similar quantities of Bibles to the general public for $10,000. File taxes online for free The FMV of the Bibles is $10,000, the price at which similar quantities of Bibles were being sold to others at the time of the contribution. File taxes online for free Example 2. File taxes online for free The facts are the same as in Example 1, except that the promoter gave Mary Black a second option. File taxes online for free The promoter said that if Mary wanted a charitable deduction within 1 year of the purchase, she could buy the 500 Bibles at the “retail” price of $30,000, paying only $10,000 in cash and giving a promissory note for the remaining $20,000. File taxes online for free The principal and interest on the note would not be due for 12 years. File taxes online for free According to the promoter, Mary could then, within 1 year of the purchase, give the Bibles to a qualified organization and claim the full $30,000 retail price as a charitable contribution. File taxes online for free She purchased the Bibles under the second option and, 3 months later, gave them to a church, which will use the books for church purposes. File taxes online for free At the time of the gift, the promoter was selling similar lots of Bibles for either $10,000 or $30,000. File taxes online for free The difference between the two prices was solely at the discretion of the buyer. File taxes online for free The promoter was a willing seller for $10,000. File taxes online for free Therefore, the value of Mary's contribution of the Bibles is $10,000, the amount at which similar lots of Bibles could be purchased from the promoter by members of the general public. File taxes online for free Replacement Cost The cost of buying, building, or manufacturing property similar to the donated item should be considered in determining FMV. File taxes online for free However, there must be a reasonable relationship between the replacement cost and the FMV. File taxes online for free The replacement cost is the amount it would cost to replace the donated item on the valuation date. File taxes online for free Often there is no relationship between the replacement cost and the FMV. File taxes online for free If the supply of the donated property is more or less than the demand for it, the replacement cost becomes less important. File taxes online for free To determine the replacement cost of the donated property, find the “estimated replacement cost new. File taxes online for free ” Then subtract from this figure an amount for depreciation due to the physical condition and obsolescence of the donated property. File taxes online for free You should be able to show the relationship between the depreciated replacement cost and the FMV, as well as how you arrived at the “estimated replacement cost new. File taxes online for free ” Opinions of Experts Generally, the weight given to an expert's opinion on matters such as the authenticity of a coin or a work of art, or the most profitable and best use of a piece of real estate, depends on the knowledge and competence of the expert and the thoroughness with which the opinion is supported by experience and facts. File taxes online for free For an expert's opinion to deserve much weight, the facts must support the opinion. File taxes online for free For additional information, see Appraisals, later. File taxes online for free Table 1. File taxes online for free Factors That Affect FMV IF the factor you are considering is. File taxes online for free . File taxes online for free . File taxes online for free THEN you should ask these questions. File taxes online for free . File taxes online for free . File taxes online for free     cost or selling price Was the purchase or sale of the property reasonably close to the date of contribution? Was any increase or decrease in value, as compared to your cost, at a reasonable rate? Do the terms of purchase or sale limit what can be done with the property? Was there an arm's-length offer to buy the property close to the valuation date?     sales of comparable properties How similar is the property sold to the property donated? How close is the date of sale to the valuation date? Was the sale at arm's-length? What was the condition of the market at the time of sale?     replacement cost What would it cost to replace the donated property? Is there a reasonable relationship between replacement cost and FMV? Is the supply of the donated property more or less than the demand for it?     opinions of experts Is the expert knowledgeable and competent? Is the opinion thorough and supported by facts and experience? Problems in Determining Fair Market Value There are a number of problems in determining the FMV of donated property. File taxes online for free Unusual Market Conditions The sale price of the property itself in an arm's-length transaction in an open market is often the best evidence of its value. File taxes online for free When you rely on sales of comparable property, the sales must have been made in an open market. File taxes online for free If those sales were made in a market that was artificially supported or stimulated so as not to be truly representative, the prices at which the sales were made will not indicate the FMV. File taxes online for free For example, liquidation sale prices usually do not indicate the FMV. File taxes online for free Also, sales of stock under unusual circumstances, such as sales of small lots, forced sales, and sales in a restricted market, may not represent the FMV. File taxes online for free Selection of Comparable Sales Using sales of comparable property is an important method for determining the FMV of donated property. File taxes online for free However, the amount of weight given to a sale depends on the degree of similarity between the comparable and the donated properties. File taxes online for free The degree of similarity must be close enough so that this selling price would have been given consideration by reasonably well-informed buyers or sellers of the property. File taxes online for free Example. File taxes online for free You give a rare, old book to your former college. File taxes online for free The book is a third edition and is in poor condition because of a missing back cover. File taxes online for free You discover that there was a sale for $300, near the valuation date, of a first edition of the book that was in good condition. File taxes online for free Although the contents are the same, the books are not at all similar because of the different editions and their physical condition. File taxes online for free Little consideration would be given to the selling price of the $300 property by knowledgeable buyers or sellers. File taxes online for free Future Events You may not consider unexpected events happening after your donation of property in making the valuation. File taxes online for free You may consider only the facts known at the time of the gift, and those that could be reasonably expected at the time of the gift. File taxes online for free Example. File taxes online for free You give farmland to a qualified charity. File taxes online for free The transfer provides that your mother will have the right to all income and full use of the property for her life. File taxes online for free Even though your mother dies 1 week after the transfer, the value of the property on the date it is given is its present value, subject to the life interest as estimated from actuarial tables. File taxes online for free You may not take a higher deduction because the charity received full use and possession of the land only 1 week after the transfer. File taxes online for free Using Past Events to Predict the Future A common error is to rely too much on past events that do not fairly reflect the probable future earnings and FMV. File taxes online for free Example. File taxes online for free You give all your rights in a successful patent to your favorite charity. File taxes online for free Your records show that before the valuation date there were three stages in the patent's history of earnings. File taxes online for free First, there was rapid growth in earnings when the invention was introduced. File taxes online for free Then, there was a period of high earnings when the invention was being exploited. File taxes online for free Finally, there was a decline in earnings when competing inventions were introduced. File taxes online for free The entire history of earnings may be relevant in estimating the future earnings. File taxes online for free However, the appraiser must not rely too much on the stage of rapid growth in earnings, or of high earnings. File taxes online for free The market conditions at those times do not represent the condition of the market at the valuation date. File taxes online for free What is most significant is the trend of decline in earnings up to the valuation date. File taxes online for free For more information about donations of patents, see Patents, later. File taxes online for free Valuation of Various Kinds of Property This section contains information on determining the FMV of ordinary kinds of donated property. File taxes online for free For information on appraisals, see Appraisals, later. File taxes online for free Household Goods The FMV of used household goods, such as furniture, appliances, and linens, is usually much lower than the price paid when new. File taxes online for free Such used property may have little or no market value because of its worn condition. File taxes online for free It may be out of style or no longer useful. File taxes online for free You cannot take a deduction for household goods donated after August 17, 2006, unless they are in good used condition or better. File taxes online for free A household good that is not in good used condition or better for which you take a deduction of more than $500 requires a qualified appraisal. File taxes online for free See Deduction over $500 for certain clothing or household items, later. File taxes online for free If the property is valuable because it is old or unique, see the discussion under Paintings, Antiques, and Other Objects of Art. File taxes online for free Used Clothing Used clothing and other personal items are usually worth far less than the price you paid for them. File taxes online for free Valuation of items of clothing does not lend itself to fixed formulas or methods. File taxes online for free The price that buyers of used items actually pay in used clothing stores, such as consignment or thrift shops, is an indication of the value. File taxes online for free You cannot take a deduction for clothing donated after August 17, 2006, unless it is in good used condition or better. File taxes online for free An item of clothing that is not in good used condition or better for which you take a deduction of more than $500 requires a qualified appraisal. File taxes online for free See Deduction over $500 for certain clothing or household items, later. File taxes online for free For valuable furs or very expensive gowns, a Form 8283 may have to be sent with your tax return. File taxes online for free Jewelry and Gems Jewelry and gems are of such a specialized nature that it is almost always necessary to get an appraisal by a specialized jewelry appraiser. File taxes online for free The appraisal should describe, among other things, the style of the jewelry, the cut and setting of the gem, and whether it is now in fashion. File taxes online for free If not in fashion, the possibility of having the property redesigned, recut, or reset should be reported in the appraisal. File taxes online for free The stone's coloring, weight, cut, brilliance, and flaws should be reported and analyzed. File taxes online for free Sentimental personal value has no effect on FMV. File taxes online for free But if the jewelry was owned by a famous person, its value might increase. File taxes online for free Paintings, Antiques, and Other Objects of Art Your deduction for contributions of paintings, antiques, and other objects of art, should be supported by a written appraisal from a qualified and reputable source, unless the deduction is $5,000 or less. File taxes online for free Examples of information that should be included in appraisals of art objects—paintings in particular—are found later under Qualified Appraisal. File taxes online for free Art valued at $20,000 or more. File taxes online for free   If you claim a deduction of $20,000 or more for donations of art, you must attach a complete copy of the signed appraisal to your return. File taxes online for free For individual objects valued at $20,000 or more, a photograph of a size and quality fully showing the object, preferably an 8 x 10 inch color photograph or a color transparency no smaller than 4 x 5 inches, must be provided upon request. File taxes online for free Art valued at $50,000 or more. File taxes online for free   If you donate an item of art that has been appraised at $50,000 or more, you can request a Statement of Value for that item from the IRS. File taxes online for free You must request the statement before filing the tax return that reports the donation. File taxes online for free Your request must include the following. File taxes online for free A copy of a qualified appraisal of the item. File taxes online for free See Qualified Appraisal, later. File taxes online for free A $2,500 check or money order payable to the Internal Revenue Service for the user fee that applies to your request regarding one, two, or three items of art. File taxes online for free Add $250 for each item in excess of three. File taxes online for free A completed Form 8283, Section B. File taxes online for free The location of the IRS territory that has examination responsibility for your return. File taxes online for free If your request lacks essential information, you will be notified and given 30 days to provide the missing information. File taxes online for free   Send your request to: Internal Revenue Service Attention: Art Appraisal (C:AP:ART) P. File taxes online for free O. File taxes online for free Box 27720 McPherson Station Washington, DC 20038 Refunds. File taxes online for free   You can withdraw your request for a Statement of Value at any time before it is issued. File taxes online for free However, the IRS will not refund the user fee if you do. File taxes online for free   If the IRS declines to issue a Statement of Value in the interest of efficient tax administration, the IRS will refund the user fee. File taxes online for free Authenticity. File taxes online for free   The authenticity of the donated art must be determined by the appraiser. File taxes online for free Physical condition. File taxes online for free   Important items in the valuation of antiques and art are physical condition and extent of restoration. File taxes online for free These have a significant effect on the value and must be fully reported in an appraisal. File taxes online for free An antique in damaged condition, or lacking the “original brasses,” may be worth much less than a similar piece in excellent condition. File taxes online for free Art appraisers. File taxes online for free   More weight will usually be given to an appraisal prepared by an individual specializing in the kind and price range of the art being appraised. File taxes online for free Certain art dealers or appraisers specialize, for example, in old masters, modern art, bronze sculpture, etc. File taxes online for free Their opinions on the authenticity and desirability of such art would usually be given more weight than the opinions of more generalized art dealers or appraisers. File taxes online for free They can report more recent comparable sales to support their opinion. File taxes online for free   To identify and locate experts on unique, specialized items or collections, you may wish to use the current Official Museum Directory of the American Association of Museums. File taxes online for free It lists museums both by state and by category. File taxes online for free   To help you locate a qualified appraiser for your donation, you may wish to ask an art historian at a nearby college or the director or curator of a local museum. File taxes online for free The Yellow Pages often list specialized art and antique dealers, auctioneers, and art appraisers. File taxes online for free You may be able to find a qualified appraiser on the Internet. File taxes online for free You may also contact associations of dealers for guidance. File taxes online for free Collections Since many kinds of hobby collections may be the subject of a charitable donation, it is not possible to discuss all of the possible collectibles in this publication. File taxes online for free Most common are rare books, autographs, sports memorabilia, dolls, manuscripts, stamps, coins, guns, phonograph records, and natural history items. File taxes online for free Many of the elements of valuation that apply to paintings and other objects of art, discussed earlier, also apply to miscellaneous collections. File taxes online for free Reference material. File taxes online for free   Publications available to help you determine the value of many kinds of collections include catalogs, dealers' price lists, and specialized hobby periodicals. File taxes online for free When using one of these price guides, you must use the current edition at the date of contribution. File taxes online for free However, these sources are not always reliable indicators of FMV and should be supported by other evidence. File taxes online for free   For example, a dealer may sell an item for much less than is shown on a price list, particularly after the item has remained unsold for a long time. File taxes online for free The price an item sold for in an auction may have been the result of a rigged sale or a mere bidding duel. File taxes online for free The appraiser must analyze the reference material, and recognize and make adjustments for misleading entries. File taxes online for free If you are donating a valuable collection, you should get an appraisal. File taxes online for free If your donation appears to be of little value, you may be able to make a satisfactory valuation using reference materials available at a state, city, college, or museum library. File taxes online for free Stamp collections. File taxes online for free   Most libraries have catalogs or other books that report the publisher's estimate of values. File taxes online for free Generally, two price levels are shown for each stamp: the price postmarked and the price not postmarked. File taxes online for free Stamp dealers generally know the value of their merchandise and are able to prepare satisfactory appraisals of valuable collections. File taxes online for free Coin collections. File taxes online for free   Many catalogs and other reference materials show the writer's or publisher's opinion of the value of coins on or near the date of the publication. File taxes online for free Like many other collectors' items, the value of a coin depends on the demand for it, its age, and its rarity. File taxes online for free Another important factor is the coin's condition. File taxes online for free For example, there is a great difference in the value of a coin that is in mint condition and a similar coin that is only in good condition. File taxes online for free   Catalogs usually establish a category for coins, based on their physical condition—mint or uncirculated, extremely fine, very fine, fine, very good, good, fair, or poor—with a different valuation for each category. File taxes online for free Books. File taxes online for free   The value of books is usually determined by selecting comparable sales and adjusting the prices according to the differences between the comparable sales and the item being evaluated. File taxes online for free This is difficult to do and, except for a collection of little value, should be done by a specialized appraiser. File taxes online for free Within the general category of literary property, there are dealers who specialize in certain areas, such as Americana, foreign imports, Bibles, and scientific books. File taxes online for free Modest value of collection. File taxes online for free   If the collection you are donating is of modest value, not requiring a written appraisal, the following information may help you in determining the FMV. File taxes online for free   A book that is very old, or very rare, is not necessarily valuable. File taxes online for free There are many books that are very old or rare, but that have little or no market value. File taxes online for free Condition of book. File taxes online for free   The condition of a book may have a great influence on its value. File taxes online for free Collectors are interested in items that are in fine, or at least good, condition. File taxes online for free When a book has a missing page, a loose binding, tears, stains, or is otherwise in poor condition, its value is greatly lowered. File taxes online for free Other factors. File taxes online for free   Some other factors in the valuation of a book are the kind of binding (leather, cloth, paper), page edges, and illustrations (drawings and photographs). File taxes online for free Collectors usually want first editions of books. File taxes online for free However, because of changes or additions, other editions are sometimes worth as much as, or more than, the first edition. File taxes online for free Manuscripts, autographs, diaries, and similar items. File taxes online for free   When these items are handwritten, or at least signed by famous people, they are often in demand and are valuable. File taxes online for free The writings of unknowns also may be of value if they are of unusual historical or literary importance. File taxes online for free Determining the value of such material is difficult. File taxes online for free For example, there may be a great difference in value between two diaries that were kept by a famous person—one kept during childhood and the other during a later period in his or her life. File taxes online for free The appraiser determines a value in these cases by applying knowledge and judgment to such factors as comparable sales and conditions. File taxes online for free Signatures. File taxes online for free   Signatures, or sets of signatures, that were cut from letters or other papers usually have little or no value. File taxes online for free But complete sets of the signatures of U. File taxes online for free S. File taxes online for free presidents are in demand. File taxes online for free Cars, Boats, and Aircraft If you donate a car, a boat, or an aircraft to a charitable organization, its FMV must be determined. File taxes online for free Certain commercial firms and trade organizations publish monthly or seasonal guides for different regions of the country, containing complete dealer sale prices or dealer average prices for recent model years. File taxes online for free Prices are reported for each make, model, and year. File taxes online for free These guides also provide estimates for adjusting for unusual equipment, unusual mileage, and physical condition. File taxes online for free The prices are not “official,” and these publications are not considered an appraisal of any specific donated property. File taxes online for free But they do provide clues for making an appraisal and suggest relative prices for comparison with current sales and offerings in your area. File taxes online for free These publications are sometimes available from public libraries or at a bank, credit union, or finance company. File taxes online for free You can also find pricing information about used cars on the Internet. File taxes online for free An acceptable measure of the FMV of a donated car, boat, or airplane is an amount not in excess of the price listed in a used vehicle pricing guide for a private party sale, not the dealer retail value, of a similar vehicle. File taxes online for free However, the FMV may be less than that amount if the vehicle has engine trouble, body damage, high mileage, or any type of excessive wear. File taxes online for free The FMV of a donated vehicle is the same as the price listed in a used vehicle pricing guide for a private party sale only if the guide lists a sales price for a vehicle that is the same make, model, and year, sold in the same area, in the same condition, with the same or similar options or accessories, and with the same or similar warranties as the donated vehicle. File taxes online for free Example. File taxes online for free You donate a used car in poor condition to a local high school for use by students studying car repair. File taxes online for free A used car guide shows the dealer retail value for this type of car in poor condition is $1,600. File taxes online for free However, the guide shows the price for a private party sale of the car is only $750. File taxes online for free The FMV of the car is considered to be no more than $750. File taxes online for free Boats. File taxes online for free   Except for inexpensive small boats, the valuation of boats should be based on an appraisal by a marine surveyor because the physical condition is so critical to the value. File taxes online for free More information. File taxes online for free   Your deduction for a donated car, boat, or airplane generally is limited to the gross proceeds from its sale by the qualified organization. File taxes online for free This rule applies if the claimed value of the donated vehicle is more than $500. File taxes online for free In certain cases, you can deduct the vehicle's FMV. File taxes online for free For details, see Publication 526. File taxes online for free Inventory If you donate any inventory item to a charitable organization, the amount of your deductible contribution generally is the FMV of the item, minus any gain you would have realized if you had sold the item at its FMV on the date of the gift. File taxes online for free For more information, see Publication 526. File taxes online for free Patents To determine the FMV of a patent, you must take into account, among other factors: Whether the patented technology has been made obsolete by other technology; Any restrictions on the donee's use of, or ability to transfer, the patented technology; and The length of time remaining before the patent expires. File taxes online for free However, your deduction for a donation of a patent or other intellectual property is its FMV, minus any gain you would have realized if you had sold the property at its FMV on the date of the gift. File taxes online for free Generally, this means your deduction is the lesser of the property's FMV or its basis. File taxes online for free For details, see Publication 526. File taxes online for free Stocks and Bonds The value of stocks and bonds is the FMV of a share or bond on the valuation date. File taxes online for free See Date of contribution, earlier, under What Is Fair Market Value (FMV). File taxes online for free Selling prices on valuation date. File taxes online for free   If there is an active market for the contributed stocks or bonds on a stock exchange, in an over-the-counter market, or elsewhere, the FMV of each share or bond is the average price between the highest and lowest quoted selling prices on the valuation date. File taxes online for free For example, if the highest selling price for a share was $11, and the lowest $9, the average price is $10. File taxes online for free You get the average price by adding $11 and $9 and dividing the sum by 2. File taxes online for free No sales on valuation date. File taxes online for free   If there were no sales on the valuation date, but there were sales within a reasonable period before and after the valuation date, you determine FMV by taking the average price between the highest and lowest sales prices on the nearest date before and on the nearest date after the valuation date. File taxes online for free Then you weight these averages in inverse order by the respective number of trading days between the selling dates and the valuation date. File taxes online for free Example. File taxes online for free   On the day you gave stock to a qualified organization, there were no sales of the stock. File taxes online for free Sales of the stock nearest the valuation date took place two trading days before the valuation date at an average selling price of $10 and three trading days after the valuation date at an average selling price of $15. File taxes online for free The FMV on the valuation date was $12, figured as follows: [(3 x $10) + (2 x $15)] ÷ 5 = $12 Listings on more than one stock exchange. File taxes online for free   Stocks or bonds listed on more than one stock exchange are valued based on the prices of the exchange on which they are principally dealt. File taxes online for free This applies if these prices are published in a generally available listing or publication of general circulation. File taxes online for free If this is not applicable, and the stocks or bonds are reported on a composite listing of combined exchanges in a publication of general circulation, use the composite list. File taxes online for free See also Unavailable prices or closely held corporation, later. File taxes online for free Bid and asked prices on valuation date. File taxes online for free   If there were no sales within a reasonable period before and after the valuation date, the FMV is the average price between the bona fide bid and asked prices on the valuation date. File taxes online for free Example. File taxes online for free Although there were no sales of Blue Corporation stock on the valuation date, bona fide bid and asked prices were available on that date of $14 and $16, respectively. File taxes online for free The FMV is $15, the average price between the bid and asked prices. File taxes online for free No prices on valuation date. File taxes online for free   If there were no prices available on the valuation date, you determine FMV by taking the average prices between the bona fide bid and asked prices on the closest trading date before and after the valuation date. File taxes online for free Both dates must be within a reasonable period. File taxes online for free Then you weight these averages in inverse order by the respective number of trading days between the bid and asked dates and the valuation date. File taxes online for free Example. File taxes online for free On the day you gave stock to a qualified organization, no prices were available. File taxes online for free Bona fide bid and asked prices 3 days before the valuation date were $10 and 2 days after the valuation date were $15. File taxes online for free The FMV on the valuation date is $13, figured as follows: [(2 x $10) + (3 x $15)] ÷ 5 = $13 Prices only before or after valuation date, but not both. File taxes online for free   If no selling prices or bona fide bid and asked prices are available on a date within a reasonable period before the valuation date, but are available on a date within a reasonable period after the valuation date, or vice versa, then the average price between the highest and lowest of such available prices may be treated as the value. File taxes online for free Large blocks of stock. File taxes online for free   When a large block of stock is put on the market, it may lower the selling price of the stock if the supply is greater than the demand. File taxes online for free On the other hand, market forces may exist that will afford higher prices for large blocks of stock. File taxes online for free Because of the many factors to be considered, determining the value of large blocks of stock usually requires the help of experts specializing in underwriting large quantities of securities, or in trading in the securities of the industry of which the particular company is a part. File taxes online for free Unavailable prices or closely held corporation. File taxes online for free   If selling prices or bid and asked prices are not available, or if securities of a closely held corporation are involved, determine the FMV by considering the following factors. File taxes online for free For bonds, the soundness of the security, the interest yield, the date of maturity, and other relevant factors. File taxes online for free For shares of stock, the company's net worth, prospective earning power and dividend-paying capacity, and other relevant factors. File taxes online for free Other factors. File taxes online for free   Other relevant factors include: The nature and history of the business, especially its recent history, The goodwill of the business, The economic outlook in the particular industry, The company's position in the industry, its competitors, and its management, and The value of securities of corporations engaged in the same or similar business. File taxes online for free For preferred stock, the most important factors are its yield, dividend coverage, and protection of its liquidation preference. File taxes online for free   You should keep complete financial and other information on which the valuation is based. File taxes online for free This includes copies of reports of examinations of the company made by accountants, engineers, or any technical experts on or close to the valuation date. File taxes online for free Restricted securities. File taxes online for free   Some classes of stock cannot be traded publicly because of restrictions imposed by the Securities and Exchange Commission, or by the corporate charter or a trust agreement. File taxes online for free These restricted securities usually trade at a discount in relation to freely traded securities. File taxes online for free   To arrive at the FMV of restricted securities, factors that you must consider include the resale provisions found in the restriction agreements, the relative negotiating strengths of the buyer and seller, and the market experience of freely traded securities of the same class as the restricted securities. File taxes online for free Real Estate Because each piece of real estate is unique and its valuation is complicated, a detailed appraisal by a professional appraiser is necessary. File taxes online for free The appraiser must be thoroughly trained in the application of appraisal principles and theory. File taxes online for free In some instances the opinions of equally qualified appraisers may carry unequal weight, such as when one appraiser has a better knowledge of local conditions. File taxes online for free The appraisal report must contain a complete description of the property, such as street address, legal description, and lot and block number, as well as physical features, condition, and dimensions. File taxes online for free The use to which the property is put, zoning and permitted uses, and its potential use for other higher and better uses are also relevant. File taxes online for free In general, there are three main approaches to the valuation of real estate. File taxes online for free An appraisal may require the combined use of two or three methods rather than one method only. File taxes online for free 1. File taxes online for free Comparable Sales The comparable sales method compares the donated property with several similar properties that have been sold. File taxes online for free The selling prices, after adjustments for differences in date of sale, size, condition, and location, would then indicate the estimated FMV of the donated property. File taxes online for free If the comparable sales method is used to determine the value of unimproved real property (land without significant buildings, structures, or any other improvements that add to its value), the appraiser should consider the following factors when comparing the potential comparable property and the donated property: Location, size, and zoning or use restrictions, Accessibility and road frontage, and available utilities and water rights, Riparian rights (right of access to and use of the water by owners of land on the bank of a river) and existing easements, rights-of-way, leases, etc. File taxes online for free , Soil characteristics, vegetative cover, and status of mineral rights, and Other factors affecting value. File taxes online for free For each comparable sale, the appraisal must include the names of the buyer and seller, the deed book and page number, the date of sale and selling price, a property description, the amount and terms of mortgages, property surveys, the assessed value, the tax rate, and the assessor's appraised FMV. File taxes online for free The comparable selling prices must be adjusted to account for differences between the sale property and the donated property. File taxes online for free Because differences of opinion may arise between appraisers as to the degree of comparability and the amount of the adjustment considered necessary for comparison purposes, an appraiser should document each item of adjustment. File taxes online for free Only comparable sales having the least adjustments in terms of items and/or total dollar adjustments should be considered as comparable to the donated property. File taxes online for free 2. File taxes online for free Capitalization of Income This method capitalizes the net income from the property at a rate that represents a fair return on the particular investment at the particular time, considering the risks involved. File taxes online for free The key elements are the determination of the income to be capitalized and the rate of capitalization. File taxes online for free 3. File taxes online for free Replacement Cost New or Reproduction Cost Minus Observed Depreciation This method, used alone, usually does not result in a determination of FMV. File taxes online for free Instead, it generally tends to set the upper limit of value, particularly in periods of rising costs, because it is reasonable to assume that an informed buyer will not pay more for the real estate than it would cost to reproduce a similar property. File taxes online for free Of course, this reasoning does not apply if a similar property cannot be created because of location, unusual construction, or some other reason. File taxes online for free Generally, this method serves to support the value determined from other methods. File taxes online for free When the replacement cost method is applied to improved realty, the land and improvements are valued separately. File taxes online for free The replacement cost of a building is figured by considering the materials, the quality of workmanship, and the number of square feet or cubic feet in the building. File taxes online for free This cost represents the total cost of labor and material, overhead, and profit. File taxes online for free After the replacement cost has been figured, consideration must be given to the following factors: Physical deterioration—the wear and tear on the building itself, Functional obsolescence—usually in older buildings with, for example, inadequate lighting, plumbing, or heating, small rooms, or a poor floor plan, and Economic obsolescence—outside forces causing the whole area to become less desirable. File taxes online for free Interest in a Business The FMV of any interest in a business, whether a sole proprietorship or a partnership, is the amount that a willing buyer would pay for the interest to a willing seller after consideration of all relevant factors. File taxes online for free The relevant factors to be considered in valuing the business are: The FMV of the assets of the business, The demonstrated earnings capacity of the business, based on a review of past and current earnings, and The other factors used in evaluating corporate stock, if they apply. File taxes online for free The value of the goodwill of the business should also be taken into consideration. File taxes online for free You should keep complete financial and other information on which you base the valuation. File taxes online for free This includes copies of reports of examinations of the business made by accountants, engineers, or any technical experts on or close to the valuation date. File taxes online for free Annuities, Interests for Life or Terms of Years, Remainders, and Reversions The value of these kinds of property is their present value, except in the case of annuities under contracts issued by companies regularly engaged in their sale. File taxes online for free The valuation of these commercial annuity contracts and of insurance policies is discussed later under Certain Life Insurance and Annuity Contracts. File taxes online for free To determine present value, you must know the applicable interest rate and use actuarial tables. File taxes online for free Interest rate. File taxes online for free   The applicable interest rate varies. File taxes online for free It is announced monthly in a news release and published in the Internal Revenue Bulletin as a Revenue Ruling. File taxes online for free The interest rate to use is under the heading “Rate Under Section 7520” for a given month and year. File taxes online for free You can call the IRS office at 1-800-829-1040 to obtain this rate. File taxes online for free Actuarial tables. File taxes online for free   You need to refer to actuarial tables to determine a qualified interest in the form of an annuity, any interest for life or a term of years, or any remainder interest to a charitable organization. File taxes online for free   Use the valuation tables set forth in IRS Publications 1457, Actuarial Values (Book Aleph), and 1458, Actuarial Values (Book Beth). File taxes online for free Both of these publications provide tables containing actuarial factors to be used in determining the present value of an annuity, an interest for life or for a term of years, or a remainder or reversionary interest. File taxes online for free For qualified charitable transfers, you can use the factor for the month in which you made the contribution or for either of the 2 months preceding that month. File taxes online for free   Publication 1457 also contains actuarial factors for computing the value of a remainder interest in a charitable remainder annuity trust and a pooled income fund. File taxes online for free Publication 1458 contains the factors for valuing the remainder interest in a charitable remainder unitrust. File taxes online for free You can download Publications 1457 and 1458 from www. File taxes online for free irs. File taxes online for free gov. File taxes online for free In addition, they are available for purchase via the website of the U. File taxes online for free S. File taxes online for free Government Printing Office, by phone at (202) 512-1800, or by mail from the: Superintendent of Documents P. File taxes online for free O. File taxes online for free Box 371954 Pittsburgh, PA 15250-7954 Tables containing actuarial factors for transfers to pooled income funds may also be found in Income Tax Regulation 1. File taxes online for free 642(c)-6(e)(6), transfers to charitable remainder unitrusts in Regulation 1. File taxes online for free 664-4(e), and other transfers in Regulation 20. File taxes online for free 2031-7(d)(6). File taxes online for free Special factors. File taxes online for free   If you need a special factor for an actual transaction, you can request a letter ruling. File taxes online for free Be sure to include the date of birth of each person the duration of whose life may affect the value of the interest. File taxes online for free Also include copies of the relevant instruments. File taxes online for free IRS charges a user fee for providing special factors. File taxes online for free   For more information about requesting a ruling, see Revenue Procedure 2006-1 (or annual update), 2006-1 I. File taxes online for free R. File taxes online for free B. File taxes online for free 1. File taxes online for free Revenue Procedure 2006-1 is available at www. File taxes online for free irs. File taxes online for free gov/irb/2006-01_IRB/ar06. File taxes online for free html. File taxes online for free   For information on the circumstances under which a charitable deduction may be allowed for the donation of a partial interest in property not in trust, see Partial Interest in Property Not in Trust, later. File taxes online for free Certain Life Insurance and Annuity Contracts The value of an annuity contract or a life insurance policy issued by a company regularly engaged in the sale of such contracts or policies is the amount that company would charge for a comparable contract. File taxes online for free But if the donee of a life insurance policy may reasonably be expected to cash the policy rather than hold it as an investment, then the FMV is the cash surrender value rather than the replacement cost. File taxes online for free If an annuity is payable under a combination annuity contract and life insurance policy (for example, a retirement income policy with a death benefit) and there was no insurance element when it was transferred to the charity, the policy is treated as an annuity contract. File taxes online for free Partial Interest in Property Not in Trust Generally, no deduction is allowed for a charitable contribution, not made in trust, of less than your entire interest in property. File taxes online for free However, this does not apply to a transfer of less than your entire interest if it is a transfer of: A remainder interest in your personal residence or farm, An undivided part of your entire interest in property, or A qualified conservation contribution. File taxes online for free Remainder Interest in Real Property The amount of the deduction for a donation of a remainder interest in real property is the FMV of the remainder interest at the time of the contribution. File taxes online for free To determine this value, you must know the FMV of the property on the date of the contribution. File taxes online for free Multiply this value by the appropriate factor. File taxes online for free Publications 1457 and 1458 contain these factors. File taxes online for free You must make an adjustment for depreciation or depletion using the factors shown in Publication 1459, Actuarial Values (Book Gimel). File taxes online for free You can use the factors for the month in which you made the contribution or for either of the two months preceding that month. File taxes online for free See the earlier discussion on Annuities, Interests for Life or Terms of Years, Remainders, and Reversions. File taxes online for free You can download Publication 1459 from www. File taxes online for free irs. File taxes online for free gov. File taxes online for free For this purpose, the term “depreciable property” means any property subject to wear and tear or obsolescence, even if not used in a trade or business or for the production of income. File taxes online for free If the remainder interest includes both depreciable and nondepreciable property, for example a house and land, the FMV must be allocated between each kind of property at the time of the contribution. File taxes online for free This rule also applies to a gift of a remainder interest that includes property that is part depletable and part not depletable. File taxes online for free Take into account depreciation or depletion only for the property that is subject to depreciation or depletion. File taxes online for free For more information, see section 1. File taxes online for free 170A-12 of the Income Tax Regulations. File taxes online for free Undivided Part of Your Entire Interest A contribution of an undivided part of your entire interest in property must consist of a part of each and every substantial interest or right you own in the property. File taxes online for free It must extend over the entire term of your interest in the property. File taxes online for free For example, you are entitled to the income from certain property for your life (life estate) and you contribute 20% of that life estate to a qualified organization. File taxes online for free You can claim a deduction for the contribution if you do not have any other interest in the property. File taxes online for free To figure the value of a contribution involving a partial interest, see Publication 1457. File taxes online for free If the only interest you own in real property is a remainder interest and you transfer part of that interest to a qualified organization, see the previous discussion on valuation of a remainder interest in real property. File taxes online for free Qualified Conservation Contribution A qualified conservation contribution is a contribution of a qualified real property interest to a qualified organization to be used only for conservation purposes. File taxes online for free Qualified organization. File taxes online for free   For purposes of a qualified conservation contribution, a qualified organization is: A governmental unit, A publicly supported charitable, religious, scientific, literary, educational, etc. File taxes online for free , organization, or An organization that is controlled by, and operated for the exclusive benefit of, a governmental unit or a publicly supported charity. File taxes online for free The organization also must have a commitment to protect the conservation purposes of the donation and must have the resources to enforce the restrictions. File taxes online for free Conservation purposes. File taxes online for free   Your contribution must be made only for one of the following conservation purposes. File taxes online for free Preserving land areas for outdoor recreation by, or for the education of, the general public. File taxes online for free Protecting a relatively natural habitat of fish, wildlife, or plants, or a similar ecosystem. File taxes online for free Preserving open space, including farmland and forest land, if it yields a significant public benefit. File taxes online for free It must be either for the scenic enjoyment of the general public or under a clearly defined federal, state, or local governmental conservation policy. File taxes online for free Preserving a historically important land area or a certified historic structure. File taxes online for free There must be some visual public access to the property. File taxes online for free Factors used in determining the type and amount of public access required include the historical significance of the property, the remoteness or accessibility of the site, and the extent to which intrusions on the privacy of individuals living on the property would be unreasonable. File taxes online for free Building in registered historic district. File taxes online for free   A contribution after July 25, 2006, of a qualified real property interest that is an easement or other restriction on the exterior of a building in a registered historic district is deductible only if it meets all of the following three conditions. File taxes online for free The restriction must preserve the entire exterior of the building and must prohibit any change to the exterior of the building that is inconsistent with its historical character. File taxes online for free You and the organization receiving the contribution must enter into a written agreement certifying, that the organization is a qualified organization and that it has the resources and commitment to maintain the property as donated. File taxes online for free If you make the contribution in a tax year beginning after August 17, 2006, you must include with your return: A qualified appraisal, Photographs of the building's entire exterior, and A description of all restrictions on development of the building, such as zoning laws and restrictive covenants. File taxes online for free   If you make this type of contribution after February 12, 2007, and claim a deduction of more than $10,000, your deduction will not be allowed unless you pay a $500 filing fee. File taxes online for free See Form 8283-V, Payment Voucher for Filing Fee Under Section 170(f)(13), and its instructions. File taxes online for free Qualified real property interest. File taxes online for free   This is any of the following interests in real property. File taxes online for free Your entire interest in real estate other than a mineral interest (subsurface oil, gas, or other minerals, and the right of access to these minerals). File taxes online for free A remainder interest. File taxes online for free A restriction (granted in perpetuity) on the use that may be made of the real property. File taxes online for free Valuation. File taxes online for free   A qualified real property interest described in (1) should be valued in a manner that is consistent with the type of interest transferred. File taxes online for free If you transferred all the interest in the property, the FMV of the property is the amount of the contribution. File taxes online for free If you do not transfer the mineral interest, the FMV of the surface rights in the property is the amount of the contribution. File taxes online for free   If you owned only a remainder interest or an income interest (life estate), see Undivided Part of Your Entire Interest, earlier. File taxes online for free If you owned the entire property but transferred only a remainder interest (item (2)), see Remainder Interest in Real Property, earlier. File taxes online for free   In determining the value of restrictions, you should take into account the selling price in arm's-length transactions of other properties that have comparable restrictions. File taxes online for free If there are no comparable sales, the restrictions are valued indirectly as the difference between the FMVs of the property involved before and after the grant of the restriction. File taxes online for free   The FMV of the property before contribution of the restriction should take into account not only current use but the likelihood that the property, without the restriction, would be developed. File taxes online for free You should also consider any zoning, conservation, or historical preservation laws that would restrict development. File taxes online for free Granting an easement may increase, rather than reduce, the value of property, and in such a situation no deduction would be allowed. File taxes online for free Example. File taxes online for free   You own 10 acres of farmland. File taxes online for free Similar land in the area has an FMV of $2,000 an acre. File taxes online for free However, land in the general area that is restricted solely to farm use has an FMV of $1,500 an acre. File taxes online for free Your county wants to preserve open space and prevent further development in your area. File taxes online for free   You grant to the county an enforceable open space easement in perpetuity on 8 of the 10 acres, restricting its use to farmland. File taxes online for free The value of this easement is $4,000, determined as follows: FMV of the property before granting easement:   $2,000 × 10 acres $20,000 FMV of the property after granting easement:   $1,500 × 8 acres $12,000   $2,000 × 2 acres 4,000 16,000 Value of easement   $4,000   If you later transfer in fee your remaining interest in the 8 acres to another qualified organization, the FMV of your remaining interest is the FMV of the 8 acres reduced by the FMV of the easement granted to the first organization. File taxes online for free More information. File taxes online for free   For more information about qualified conservation contributions, see Publication 526. File taxes online for free Appraisals Appraisals are not necessary for items of property for which you claim a deduction of $5,000 or less. File taxes online for free (There is one exception, described next, for certain clothing and household items. File taxes online for free ) However, you generally will need an appraisal for donated property for which you claim a deduction of more than $5,000. File taxes online for free There are exceptions. File taxes online for free See Deductions of More Than $5,000, later. File taxes online for free The weight given an appraisal depends on the completeness of the report, the qualifications of the appraiser, and the appraiser's demonstrated knowledge of the donated property. File taxes online for free An appraisal must give all the facts on which to base an intelligent judgment of the value of the property. File taxes online for free The appraisal will not be given much weight if: All the factors that apply are not considered, The opinion is not supported with facts, such as purchase price and comparable sales, or The opinion is not consistent with known facts. File taxes online for free The appraiser's opinion is never more valid than the facts on which it is based; without these facts it is simply a guess. File taxes online for free The opinion of a person claiming to be an expert is not binding on the Internal Revenue Service. File taxes online for free All facts associated with the donation must be considered. File taxes online for free Deduction over $500 for certain clothing or household items. File taxes online for free   You must include with your return a qualified appraisal of any single item of clothing or any household item that is not in good used condition or better, that you donated after August 17, 2006, and for which you deduct more than $500. File taxes online for free See Household Goods and Used Clothing, earlier. File taxes online for free Cost of appraisals. File taxes online for free   You may not take a charitable contribution deduction for fees you pay for appraisals of your donated property. File taxes online for free However, these fees may qualify as a miscellaneous deduction, subject to the 2% limit, on Schedule A (Form 1040) if paid to determine the amount allowable as a charitable contribution. File taxes online for free Deductions of More Than $5,000 Generally, if the claimed deduction for an item or group of similar items of donated property is more than $5,000, you must get a qualified appraisal made by a qualified appraiser, and you must attach Section B of Form 8283 to your tax return. File taxes online for free There are exceptions, discussed later. File taxes online for free You should keep the appraiser's report with your written records. File taxes online for free Records are discussed in Publication 526. File taxes online for free The phrase “similar items” means property of the same generic category or type (whether or not donated to the same donee), such as stamp collections, coin collections, lithographs, paintings, photographs, books, nonpublicly traded stock, nonpublicly traded securities other than nonpublicly traded stock, land, buildings, clothing, jewelry, furniture, electronic equipment, household appliances, toys, everyday kitchenware, china, crystal, or silver. File taxes online for free For example, if you give books to three schools and you deduct $2,000, $2,500, and $900, respectively, your claimed deduction is more than $5,000 for these books. File taxes online for free You must get a qualified appraisal of the books and for each school you must attach a fully completed Form 8283, Section B, to your tax return. File taxes online for free Exceptions. File taxes online for free   You do not need an appraisal if the property is: Nonpublicly traded stock of $10,000 or less, A vehicle (including a car, boat, or airplane) for which your deduction is limited to the gross proceeds from its sale, Qualified intellectual property, such as a patent, Certain publicly traded securities described next, Inventory and other property donated by a corporation that are “qualified contributions” for the care of the ill, the needy, or infants, within the meaning of section 170(e)(3)(A) of the Internal Revenue Code, or Stock in trade, inventory, or property held primarily for sale to customers in the ordinary course of your trade or business. File taxes online for free   Although an appraisal is not required for the types of property just listed, you must provide certain information about a donation of any of these types of property on Form 8283. File taxes online for free Publicly traded securities. File taxes online for free   Even if your claimed deduction is more than $5,000, neither a qualified appraisal nor Section B of Form 8283 is required for publicly traded securities that are: Listed on a stock exchange in which quotations are published on a daily basis, Regularly traded in a national or regional over-the-counter market for which published quotations are available, or Shares of an open-end investment company (mutual fund) for which quotations are published on a daily basis in a newspaper of general circulation throughout the United States. File taxes online for free Publicly traded securities that meet these requirements must be reported on Form 8283, Section A. File taxes online for free   A qualified appraisal is not required, but Form 8283, Section B, Parts I and IV, must be completed, for an issue of a security that does not meet the requirements just listed but does meet these requirements: The issue is regularly traded during the computation period (defined later) in a market for which there is an “interdealer quotation system” (defined later), The issuer or agent computes the “average trading price” (defined later) for the same issue for the computation period, The average trading price and total volume of the issue during the computation period are published in a newspaper of general circulation throughout the United States, not later than the last day of the month following the end of the calendar quarter in which the computation period ends, The issuer or agent keeps books and records that list for each transaction during the computation period the date of settlement of the transaction, the name and address of the broker or dealer making the market in which the transaction occurred, and the trading price and volume, and The issuer or agent permits the Internal Revenue Service to review the books and records described in item (4) with respect to transactions during the computation period upon receiving reasonable notice. File taxes online for free   An interdealer quotation system is any system of general circulation to brokers and dealers that regularly disseminates quotations of obligations by two or more identified brokers or dealers who are not related to either the issuer or agent who computes the average trading price of the security. File taxes online for free A quotation sheet prepared and distributed by a broker or dealer in the regular course of business and containing only quotations of that broker or dealer is not an interdealer quotation system. File taxes online for free   The average trading price is the average price of all transactions (weighted by volume), other than original issue or redemption transactions, conducted through a United States office of a broker or dealer who maintains a market in the issue of the security during the computation period. File taxes online for free Bid and asked quotations are not taken into account. File taxes online for free   The computation period is weekly during October through December and monthly during January through September. File taxes online for free The weekly computation periods during October through December begin with the first Monday in October and end with the first Sunday following the last Monday in December. File taxes online for free Nonpublicly traded stock. File taxes online for free   If you contribute nonpublicly traded stock, for which you claim a deduction of $10,000 or less, a qualified appraisal is not required. File taxes online for free However, you must attach Form 8283 to your tax return, with Section B, Parts I and IV, completed. File taxes online for free Deductions of More Than $500,000 If you claim a deduction of more than $500,000 for a donation of property, you must attach a qualified appraisal of the property to your return. File taxes online for free This does not apply to contributions of cash, inventory, publicly traded stock, or intellectual property. File taxes online for free If you do not attach the appraisal, you cannot deduct your contribution, unless your failure to attach the appraisal is due to reasonable cause and not to willful neglect. File taxes online for free Qualified Appraisal Generally, if the claimed deduction for an item or group of similar items of donated property is more than $5,000, you must get a qualified appraisal made by a qualified appraiser. File taxes online for free You must also complete Form 8283, Section B, and attach it to your tax return. File taxes online for free See Deductions of More Than $5,000, earlier. File taxes online for free A qualified appraisal is an appraisal document that: Is made, signed, and dated by a qualified appraiser (defined later) in accordance with generally accepted appraisal standards, Meets the relevant requirements of Regulations section 1. File taxes online for free 170A-13(c)(3) and Notice 2006-96, 2006-46 I. File taxes online for free R. File taxes online for free B. File taxes online for free 902 (available at www. File taxes online for free irs. File taxes online for free gov/irb/2006-46_IRB/ar13. File taxes online for free html), Relates to an appraisal made not earlier than 60 days before the date of contribution of the appraised property, Does not involve a prohibited appraisal fee, and Includes certain information (covered later). File taxes online for free You must receive the qualified appraisal before the due date, including extensions, of the return on which a charitable contribution deduction is first claimed for the donated property. File taxes online for free If the deduction is first claimed on an amended return, the qualified appraisal must be received before the date on which the amended return is filed. File taxes online for free Form 8283, Section B, must be attached to your tax return. File taxes online for free Generally, you do not need to attach the qualified appraisal itself, but you should keep a copy as long as it may be relevant under the tax law. File taxes online for free There are four exceptions. File taxes online for free If you claim a deduction of $20,000 or more for donations of art, you must attach a complete copy of the appraisal. File taxes online for free See Paintings, Antiques, and Other Objects of Art, earlier. File taxes online for free If you claim a deduction of more than $500,000 for a donation of property, you must attach the appraisal. File taxes online for free See Deductions of More Than $500,000, earlier. File taxes online for free If you claim a deduction of more than $500 for an article of clothing, or a household item, that is not in good used condition or better, that you donated after August 17, 2006, you must attach the appraisal. File taxes online for free See Deduction over $500 for certain clothing or household items, earlier. File taxes online for free If you claim a deduction in a tax year beginning after August 17, 2006, for an easement or other restriction on the exterior of a building in a historic district, you must attach the appraisal. File taxes online for free See Building in registered historic district, earlier. File taxes online for free Prohibited appraisal fee. File taxes online for free   Generally, no part of the fee arrangement for a qualified appraisal can be based on a percentage of the appraised value of the property. File taxes online for free If a fee arrangement is based on what is allowed as a deduction, after Internal Revenue Service examination or otherwise, it is treated as a fee based on a percentage of appraised value. File taxes online for free However, appraisals are not disqualified when an otherwise prohi