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Instructions For Filing An Amended Tax Return

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Instructions For Filing An Amended Tax Return

Instructions for filing an amended tax return Publication 575 - Main Content Table of Contents General InformationPension. Instructions for filing an amended tax return Annuity. Instructions for filing an amended tax return Qualified employee plan. Instructions for filing an amended tax return Qualified employee annuity. Instructions for filing an amended tax return Designated Roth account. Instructions for filing an amended tax return Tax-sheltered annuity plan. Instructions for filing an amended tax return Fixed-period annuities. Instructions for filing an amended tax return Annuities for a single life. Instructions for filing an amended tax return Joint and survivor annuities. Instructions for filing an amended tax return Variable annuities. Instructions for filing an amended tax return Disability pensions. Instructions for filing an amended tax return Variable Annuities Section 457 Deferred Compensation Plans Disability Pensions Insurance Premiums for Retired Public Safety Officers Railroad Retirement Benefits Withholding Tax and Estimated Tax Cost (Investment in the Contract)Foreign employment contributions while a nonresident alien. Instructions for filing an amended tax return Taxation of Periodic PaymentsPeriod of participation. Instructions for filing an amended tax return Fully Taxable Payments Partly Taxable Payments Taxation of Nonperiodic PaymentsFiguring the Taxable Amount Loans Treated as Distributions Transfers of Annuity Contracts Lump-Sum Distributions RolloversExceptions. Instructions for filing an amended tax return No tax withheld. Instructions for filing an amended tax return Partial rollovers. Instructions for filing an amended tax return Frozen deposits. Instructions for filing an amended tax return Reasonable period of time. Instructions for filing an amended tax return 20% Mandatory withholding. Instructions for filing an amended tax return How to report. Instructions for filing an amended tax return How to report. Instructions for filing an amended tax return Special rule for Roth IRAs and designated Roth accounts. Instructions for filing an amended tax return Special Additional TaxesTax on Early Distributions Tax on Excess Accumulation Survivors and BeneficiariesGuaranteed payments. Instructions for filing an amended tax return How To Get Tax HelpLow Income Taxpayer Clinics General Information Definitions. Instructions for filing an amended tax return   Some of the terms used in this publication are defined in the following paragraphs. Instructions for filing an amended tax return Pension. Instructions for filing an amended tax return   A pension is generally a series of definitely determinable payments made to you after you retire from work. Instructions for filing an amended tax return Pension payments are made regularly and are based on such factors as years of service and prior compensation. Instructions for filing an amended tax return Annuity. Instructions for filing an amended tax return   An annuity is a series of payments under a contract made at regular intervals over a period of more than one full year. Instructions for filing an amended tax return They can be either fixed (under which you receive a definite amount) or variable (not fixed). Instructions for filing an amended tax return You can buy the contract alone or with the help of your employer. Instructions for filing an amended tax return Qualified employee plan. Instructions for filing an amended tax return   A qualified employee plan is an employer's stock bonus, pension, or profit-sharing plan that is for the exclusive benefit of employees or their beneficiaries and that meets Internal Revenue Code requirements. Instructions for filing an amended tax return It qualifies for special tax benefits, such as tax deferral for employer contributions and capital gain treatment or the 10-year tax option for lump-sum distributions (if participants qualify). Instructions for filing an amended tax return To determine whether your plan is a qualified plan, check with your employer or the plan administrator. Instructions for filing an amended tax return Qualified employee annuity. Instructions for filing an amended tax return   A qualified employee annuity is a retirement annuity purchased by an employer for an employee under a plan that meets Internal Revenue Code requirements. Instructions for filing an amended tax return Designated Roth account. Instructions for filing an amended tax return   A designated Roth account is a separate account created under a qualified Roth contribution program to which participants may elect to have part or all of their elective deferrals to a 401(k), 403(b), or 457(b) plan designated as Roth contributions. Instructions for filing an amended tax return Elective deferrals that are designated as Roth contributions are included in your income. Instructions for filing an amended tax return However, qualified distributions (explained later) are not included in your income. Instructions for filing an amended tax return You should check with your plan administrator to determine if your plan will accept designated Roth contributions. Instructions for filing an amended tax return Tax-sheltered annuity plan. Instructions for filing an amended tax return   A tax-sheltered annuity plan (often referred to as a 403(b) plan or a tax-deferred annuity plan) is a retirement plan for employees of public schools and certain tax-exempt organizations. Instructions for filing an amended tax return Generally, a tax-sheltered annuity plan provides retirement benefits by purchasing annuity contracts for its participants. Instructions for filing an amended tax return Types of pensions and annuities. Instructions for filing an amended tax return   Pensions and annuities include the following types. Instructions for filing an amended tax return Fixed-period annuities. Instructions for filing an amended tax return   You receive definite amounts at regular intervals for a specified length of time. Instructions for filing an amended tax return Annuities for a single life. Instructions for filing an amended tax return   You receive definite amounts at regular intervals for life. Instructions for filing an amended tax return The payments end at death. Instructions for filing an amended tax return Joint and survivor annuities. Instructions for filing an amended tax return   The first annuitant receives a definite amount at regular intervals for life. Instructions for filing an amended tax return After he or she dies, a second annuitant receives a definite amount at regular intervals for life. Instructions for filing an amended tax return The amount paid to the second annuitant may or may not differ from the amount paid to the first annuitant. Instructions for filing an amended tax return Variable annuities. Instructions for filing an amended tax return   You receive payments that may vary in amount for a specified length of time or for life. Instructions for filing an amended tax return The amounts you receive may depend upon such variables as profits earned by the pension or annuity funds, cost-of-living indexes, or earnings from a mutual fund. Instructions for filing an amended tax return Disability pensions. Instructions for filing an amended tax return   You receive disability payments because you retired on disability and have not reached minimum retirement age. Instructions for filing an amended tax return More than one program. Instructions for filing an amended tax return   You may receive employee plan benefits from more than one program under a single trust or plan of your employer. Instructions for filing an amended tax return If you participate in more than one program, you may have to treat each as a separate pension or annuity contract, depending upon the facts in each case. Instructions for filing an amended tax return Also, you may be considered to have received more than one pension or annuity. Instructions for filing an amended tax return Your former employer or the plan administrator should be able to tell you if you have more than one contract. Instructions for filing an amended tax return Example. Instructions for filing an amended tax return Your employer set up a noncontributory profit-sharing plan for its employees. Instructions for filing an amended tax return The plan provides that the amount held in the account of each participant will be paid when that participant retires. Instructions for filing an amended tax return Your employer also set up a contributory defined benefit pension plan for its employees providing for the payment of a lifetime pension to each participant after retirement. Instructions for filing an amended tax return The amount of any distribution from the profit-sharing plan depends on the contributions (including allocated forfeitures) made for the participant and the earnings from those contributions. Instructions for filing an amended tax return Under the pension plan, however, a formula determines the amount of the pension benefits. Instructions for filing an amended tax return The amount of contributions is the amount necessary to provide that pension. Instructions for filing an amended tax return Each plan is a separate program and a separate contract. Instructions for filing an amended tax return If you get benefits from these plans, you must account for each separately, even though the benefits from both may be included in the same check. Instructions for filing an amended tax return Distributions from a designated Roth account are treated separately from other distributions from the plan. Instructions for filing an amended tax return Qualified domestic relations order (QDRO). Instructions for filing an amended tax return   A QDRO is a judgment, decree, or order relating to payment of child support, alimony, or marital property rights to a spouse, former spouse, child, or other dependent of a participant in a retirement plan. Instructions for filing an amended tax return The QDRO must contain certain specific information, such as the name and last known mailing address of the participant and each alternate payee, and the amount or percentage of the participant's benefits to be paid to each alternate payee. Instructions for filing an amended tax return A QDRO may not award an amount or form of benefit that is not available under the plan. Instructions for filing an amended tax return   A spouse or former spouse who receives part of the benefits from a retirement plan under a QDRO reports the payments received as if he or she were a plan participant. Instructions for filing an amended tax return The spouse or former spouse is allocated a share of the participant's cost (investment in the contract) equal to the cost times a fraction. Instructions for filing an amended tax return The numerator of the fraction is the present value of the benefits payable to the spouse or former spouse. Instructions for filing an amended tax return The denominator is the present value of all benefits payable to the participant. Instructions for filing an amended tax return   A distribution that is paid to a child or other dependent under a QDRO is taxed to the plan participant. Instructions for filing an amended tax return Variable Annuities The tax rules in this publication apply both to annuities that provide fixed payments and to annuities that provide payments that vary in amount based on investment results or other factors. Instructions for filing an amended tax return For example, they apply to commercial variable annuity contracts, whether bought by an employee retirement plan for its participants or bought directly from the issuer by an individual investor. Instructions for filing an amended tax return Under these contracts, the owner can generally allocate the purchase payments among several types of investment portfolios or mutual funds and the contract value is determined by the performance of those investments. Instructions for filing an amended tax return The earnings are not taxed until distributed either in a withdrawal or in annuity payments. Instructions for filing an amended tax return The taxable part of a distribution is treated as ordinary income. Instructions for filing an amended tax return Net investment income tax. Instructions for filing an amended tax return   Beginning in 2013, annuities under a nonqualified plan are included in calculating your net investment income for the net investment income tax (NIIT). Instructions for filing an amended tax return For information see the Instructions for Form 8960, Net Investment Income Tax — Individuals, Estates and Trusts. Instructions for filing an amended tax return For information on the tax treatment of a transfer or exchange of a variable annuity contract, see Transfers of Annuity Contracts under Taxation of Nonperiodic Payments, later. Instructions for filing an amended tax return Withdrawals. Instructions for filing an amended tax return   If you withdraw funds before your annuity starting date and your annuity is under a qualified retirement plan, a ratable part of the amount withdrawn is tax free. Instructions for filing an amended tax return The tax-free part is based on the ratio of your cost (investment in the contract) to your account balance under the plan. Instructions for filing an amended tax return   If your annuity is under a nonqualified plan (including a contract you bought directly from the issuer), the amount withdrawn is allocated first to earnings (the taxable part) and then to your cost (the tax-free part). Instructions for filing an amended tax return However, if you bought your annuity contract before August 14, 1982, a different allocation applies to the investment before that date and the earnings on that investment. Instructions for filing an amended tax return To the extent the amount withdrawn does not exceed that investment and earnings, it is allocated first to your cost (the tax-free part) and then to earnings (the taxable part). Instructions for filing an amended tax return   If you withdraw funds (other than as an annuity) on or after your annuity starting date, the entire amount withdrawn is generally taxable. Instructions for filing an amended tax return   The amount you receive in a full surrender of your annuity contract at any time is tax free to the extent of any cost that you have not previously recovered tax free. Instructions for filing an amended tax return The rest is taxable. Instructions for filing an amended tax return   For more information on the tax treatment of withdrawals, see Taxation of Nonperiodic Payments , later. Instructions for filing an amended tax return If you withdraw funds from your annuity before you reach age 59½, also see Tax on Early Distributions under Special Additional Taxes, later. Instructions for filing an amended tax return Annuity payments. Instructions for filing an amended tax return   If you receive annuity payments under a variable annuity plan or contract, you recover your cost tax free under either the Simplified Method or the General Rule, as explained under Taxation of Periodic Payments , later. Instructions for filing an amended tax return For a variable annuity paid under a qualified plan, you generally must use the Simplified Method. Instructions for filing an amended tax return For a variable annuity paid under a nonqualified plan (including a contract you bought directly from the issuer), you must use a special computation under the General Rule. Instructions for filing an amended tax return For more information, see Variable annuities in Publication 939 under Computation Under the General Rule. Instructions for filing an amended tax return Death benefits. Instructions for filing an amended tax return    If you receive a single-sum distribution from a variable annuity contract because of the death of the owner or annuitant, the distribution is generally taxable only to the extent it is more than the unrecovered cost of the contract. Instructions for filing an amended tax return If you choose to receive an annuity, the payments are subject to tax as described above. Instructions for filing an amended tax return If the contract provides a joint and survivor annuity and the primary annuitant had received annuity payments before death, you figure the tax-free part of annuity payments you receive as the survivor in the same way the primary annuitant did. Instructions for filing an amended tax return See Survivors and Beneficiaries , later. Instructions for filing an amended tax return Section 457 Deferred Compensation Plans If you work for a state or local government or for a tax-exempt organization, you may be able to participate in a section 457 deferred compensation plan. Instructions for filing an amended tax return If your plan is an eligible plan, you are not taxed currently on pay that is deferred under the plan or on any earnings from the plan's investment of the deferred pay. Instructions for filing an amended tax return You are generally taxed on amounts deferred in an eligible state or local government plan only when they are distributed from the plan. Instructions for filing an amended tax return You are taxed on amounts deferred in an eligible tax-exempt organization plan when they are distributed or otherwise made available to you. Instructions for filing an amended tax return Your 457(b) plan may have a designated Roth account option. Instructions for filing an amended tax return If so, you may be able to roll over amounts to the designated Roth account or make contributions. Instructions for filing an amended tax return Elective deferrals to a designated Roth account are included in your income. Instructions for filing an amended tax return Qualified distributions (explained later) are not included in your income. Instructions for filing an amended tax return See the Designated Roth accounts discussion under Taxation of Periodic Payments, later. Instructions for filing an amended tax return This publication covers the tax treatment of benefits under eligible section 457 plans, but it does not cover the treatment of deferrals. Instructions for filing an amended tax return For information on deferrals under section 457 plans, see Retirement Plan Contributions under Employee Compensation in Publication 525. Instructions for filing an amended tax return Is your plan eligible?   To find out if your plan is an eligible plan, check with your employer. Instructions for filing an amended tax return Plans that are not eligible section 457 plans include the following: Bona fide vacation leave, sick leave, compensatory time, severance pay, disability pay, or death benefit plans. Instructions for filing an amended tax return Nonelective deferred compensation plans for nonemployees (independent contractors). Instructions for filing an amended tax return Deferred compensation plans maintained by churches. Instructions for filing an amended tax return Length of service award plans for bona fide volunteer firefighters and emergency medical personnel. Instructions for filing an amended tax return An exception applies if the total amount paid to a volunteer exceeds $3,000 for any year of service. Instructions for filing an amended tax return Disability Pensions If you retired on disability, you generally must include in income any disability pension you receive under a plan that is paid for by your employer. Instructions for filing an amended tax return You must report your taxable disability payments as wages on line 7 of Form 1040 or Form 1040A or on line 8 of Form 1040NR until you reach minimum retirement age. Instructions for filing an amended tax return Minimum retirement age generally is the age at which you can first receive a pension or annuity if you are not disabled. Instructions for filing an amended tax return You may be entitled to a tax credit if you were permanently and totally disabled when you retired. Instructions for filing an amended tax return For information on this credit, see Publication 524. Instructions for filing an amended tax return Beginning on the day after you reach minimum retirement age, payments you receive are taxable as a pension or annuity. Instructions for filing an amended tax return Report the payments on Form 1040, lines 16a and 16b; Form 1040A, lines 12a and 12b; or on Form 1040NR, lines 17a and 17b. Instructions for filing an amended tax return Disability payments for injuries incurred as a direct result of a terrorist attack directed against the United States (or its allies) are not included in income. Instructions for filing an amended tax return For more information about payments to survivors of terrorist attacks, see Publication 3920, Tax Relief for Victims of Terrorist Attacks. Instructions for filing an amended tax return Insurance Premiums for Retired Public Safety Officers If you are an eligible retired public safety officer (law enforcement officer, firefighter, chaplain, or member of a rescue squad or ambulance crew), you can elect to exclude from income distributions made from your eligible retirement plan that are used to pay the premiums for accident or health insurance or long-term care insurance. Instructions for filing an amended tax return The premiums can be for coverage for you, your spouse, or dependents. Instructions for filing an amended tax return The distribution must be made directly from the plan to the insurance provider. Instructions for filing an amended tax return You can exclude from income the smaller of the amount of the insurance premiums or $3,000. Instructions for filing an amended tax return You can only make this election for amounts that would otherwise be included in your income. Instructions for filing an amended tax return The amount excluded from your income cannot be used to claim a medical expense deduction. Instructions for filing an amended tax return An eligible retirement plan is a governmental plan that is: a qualified trust, a section 403(a) plan, a section 403(b) annuity, or a section 457(b) plan. Instructions for filing an amended tax return If you make this election, reduce the otherwise taxable amount of your pension or annuity by the amount excluded. Instructions for filing an amended tax return The amount shown in box 2a of Form 1099-R does not reflect this exclusion. Instructions for filing an amended tax return Report your total distributions on Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a. Instructions for filing an amended tax return Report the taxable amount on Form 1040, line 16b; Form 1040A, line 12b; or Form 1040NR, line 17b. Instructions for filing an amended tax return Enter “PSO” next to the appropriate line on which you report the taxable amount. Instructions for filing an amended tax return If you are retired on disability and reporting your disability pension on line 7 of Form 1040 or Form 1040A, or line 8 of Form 1040NR, include only the taxable amount on that line and enter “PSO” and the amount excluded on the dotted line next to the applicable line. Instructions for filing an amended tax return Railroad Retirement Benefits Benefits paid under the Railroad Retirement Act fall into two categories. Instructions for filing an amended tax return These categories are treated differently for income tax purposes. Instructions for filing an amended tax return The first category is the amount of tier 1 railroad retirement benefits that equals the social security benefit that a railroad employee or beneficiary would have been entitled to receive under the social security system. Instructions for filing an amended tax return This part of the tier 1 benefit is the social security equivalent benefit (SSEB) and you treat it for tax purposes like social security benefits. Instructions for filing an amended tax return If you received, repaid, or had tax withheld from the SSEB portion of tier 1 benefits during 2013, you will receive Form RRB-1099, Payments by the Railroad Retirement Board (or Form RRB-1042S, Statement for Nonresident Alien Recipients of Payments by the Railroad Retirement Board, if you are a nonresident alien) from the U. Instructions for filing an amended tax return S. Instructions for filing an amended tax return Railroad Retirement Board (RRB). Instructions for filing an amended tax return For more information about the tax treatment of the SSEB portion of tier 1 benefits and Forms RRB-1099 and RRB-1042S, see Publication 915. Instructions for filing an amended tax return The second category contains the rest of the tier 1 railroad retirement benefits, called the non-social security equivalent benefit (NSSEB). Instructions for filing an amended tax return It also contains any tier 2 benefit, vested dual benefit (VDB), and supplemental annuity benefit. Instructions for filing an amended tax return Treat this category of benefits, shown on Form RRB-1099-R, as an amount received from a qualified employee plan. Instructions for filing an amended tax return This allows for the tax-free (nontaxable) recovery of employee contributions from the tier 2 benefits and the NSSEB part of the tier 1 benefits. Instructions for filing an amended tax return (The NSSEB and tier 2 benefits, less certain repayments, are combined into one amount called the Contributory Amount Paid on Form RRB-1099-R. Instructions for filing an amended tax return ) Vested dual benefits and supplemental annuity benefits are non-contributory pensions and are fully taxable. Instructions for filing an amended tax return See Taxation of Periodic Payments , later, for information on how to report your benefits and how to recover the employee contributions tax free. Instructions for filing an amended tax return Form RRB-1099-R is used for U. Instructions for filing an amended tax return S. Instructions for filing an amended tax return citizens, resident aliens, and nonresident aliens. Instructions for filing an amended tax return Nonresident aliens. Instructions for filing an amended tax return   A nonresident alien is an individual who is not a citizen or a resident alien of the United States. Instructions for filing an amended tax return Nonresident aliens are subject to mandatory U. Instructions for filing an amended tax return S. Instructions for filing an amended tax return tax withholding unless exempt under a tax treaty between the United States and their country of legal residency. Instructions for filing an amended tax return A tax treaty exemption may reduce or eliminate tax withholding from railroad retirement benefits. Instructions for filing an amended tax return See Tax withholding next for more information. Instructions for filing an amended tax return   If you are a nonresident alien and your tax withholding rate changed or your country of legal residence changed during the year, you may receive more than one Form RRB-1042S or Form RRB-1099-R. Instructions for filing an amended tax return To determine your total benefits paid or repaid and total tax withheld for the year, you should add the amounts shown on all forms you received for that year. Instructions for filing an amended tax return For information on filing requirements for aliens, see Publication 519, U. Instructions for filing an amended tax return S. Instructions for filing an amended tax return Tax Guide for Aliens. Instructions for filing an amended tax return For information on tax treaties between the United States and other countries that may reduce or eliminate U. Instructions for filing an amended tax return S. Instructions for filing an amended tax return tax on your benefits, see Publication 901, U. Instructions for filing an amended tax return S. Instructions for filing an amended tax return Tax Treaties. Instructions for filing an amended tax return Tax withholding. Instructions for filing an amended tax return   To request or change your income tax withholding from SSEB payments, U. Instructions for filing an amended tax return S. Instructions for filing an amended tax return citizens should contact the IRS for Form W-4V, Voluntary Withholding Request, and file it with the RRB. Instructions for filing an amended tax return To elect, revoke, or change your income tax withholding from NSSEB, tier 2, VDB, and supplemental annuity payments received, use Form RRB W-4P, Withholding Certificate for Railroad Retirement Payments. Instructions for filing an amended tax return If you are a nonresident alien or a U. Instructions for filing an amended tax return S. Instructions for filing an amended tax return citizen living abroad, you should provide Form RRB-1001, Nonresident Questionnaire, to the RRB to furnish citizenship and residency information and to claim any treaty exemption from U. Instructions for filing an amended tax return S. Instructions for filing an amended tax return tax withholding. Instructions for filing an amended tax return Nonresident U. Instructions for filing an amended tax return S. Instructions for filing an amended tax return citizens cannot elect to be exempt from withholding on payments delivered outside of the U. Instructions for filing an amended tax return S. Instructions for filing an amended tax return Help from the RRB. Instructions for filing an amended tax return   To request an RRB form or to get help with questions about an RRB benefit, you should contact your nearest RRB field office if you reside in the United States (call 1-877-772-5772 for the nearest field office) or U. Instructions for filing an amended tax return S. Instructions for filing an amended tax return consulate/Embassy if you reside outside the United States. Instructions for filing an amended tax return You can visit the RRB on the Internet at www. Instructions for filing an amended tax return rrb. Instructions for filing an amended tax return gov. Instructions for filing an amended tax return Form RRB-1099-R. Instructions for filing an amended tax return   The following discussion explains the items shown on Form RRB-1099-R. Instructions for filing an amended tax return The amounts shown on this form are before any deduction for: Federal income tax withholding, Medicare premiums, Legal process garnishment payments, Recovery of a prior year overpayment of an NSSEB, tier 2 benefit, VDB, or supplemental annuity benefit, or Recovery of Railroad Unemployment Insurance Act benefits received while awaiting payment of your railroad retirement annuity. Instructions for filing an amended tax return   The amounts shown on this form are after any offset for: Social Security benefits, Age reduction, Public Service pensions or public disability benefits, Dual railroad retirement entitlement under another RRB claim number, Work deductions, Legal process partition deductions, Actuarial adjustment, Annuity waiver, or Recovery of a current-year overpayment of NSSEB, tier 2, VDB, or supplemental annuity benefits. Instructions for filing an amended tax return   The amounts shown on Form RRB-1099-R do not reflect any special rules, such as capital gain treatment or the special 10-year tax option for lump-sum payments, or tax-free rollovers. Instructions for filing an amended tax return To determine if any of these rules apply to your benefits, see the discussions about them later. Instructions for filing an amended tax return   Generally, amounts shown on your Form RRB-1099-R are considered a normal distribution. Instructions for filing an amended tax return Use distribution code “7” if you are asked for a distribution code. Instructions for filing an amended tax return Distribution codes are not shown on Form RRB-1099-R. Instructions for filing an amended tax return   There are three copies of this form. Instructions for filing an amended tax return Copy B is to be included with your income tax return if federal income tax is withheld. Instructions for filing an amended tax return Copy C is for your own records. Instructions for filing an amended tax return Copy 2 is filed with your state, city, or local income tax return, when required. Instructions for filing an amended tax return See the illustrated Copy B (Form RRB-1099-R) above. Instructions for filing an amended tax return       Each beneficiary will receive his or her own Form RRB-1099-R. Instructions for filing an amended tax return If you receive benefits on more than one railroad retirement record, you may get more than one Form RRB-1099-R. Instructions for filing an amended tax return So that you get your form timely, make sure the RRB always has your current mailing address. Instructions for filing an amended tax return Please click here for the text description of the image. Instructions for filing an amended tax return Form RRB-1099-R Box 1—Claim Number and Payee Code. Instructions for filing an amended tax return   Your claim number is a six- or nine-digit number preceded by an alphabetical prefix. Instructions for filing an amended tax return This is the number under which the RRB paid your benefits. Instructions for filing an amended tax return Your payee code follows your claim number and is the last number in this box. Instructions for filing an amended tax return It is used by the RRB to identify you under your claim number. Instructions for filing an amended tax return In all your correspondence with the RRB, be sure to use the claim number and payee code shown in this box. Instructions for filing an amended tax return Box 2—Recipient's Identification Number. Instructions for filing an amended tax return   This is the recipient's U. Instructions for filing an amended tax return S. Instructions for filing an amended tax return taxpayer identification number. Instructions for filing an amended tax return It is the social security number (SSN), individual taxpayer identification number (ITIN), or employer identification number (EIN), if known, for the person or estate listed as the recipient. Instructions for filing an amended tax return If you are a resident or nonresident alien who must furnish a taxpayer identification number to the IRS and are not eligible to obtain an SSN, use Form W-7, Application for IRS Individual Taxpayer Identification Number, to apply for an ITIN. Instructions for filing an amended tax return The Instructions for Form W-7 explain how and when to apply. Instructions for filing an amended tax return Box 3—Employee Contributions. Instructions for filing an amended tax return   This is the amount of taxes withheld from the railroad employee's earnings that exceeds the amount of taxes that would have been withheld had the earnings been covered under the social security system. Instructions for filing an amended tax return This amount is the employee's cost that you use to figure the tax-free part of the NSSEB and tier 2 benefit you received (the amount shown in box 4). Instructions for filing an amended tax return (For information on how to figure the tax-free part, see Partly Taxable Payments under Taxation of Periodic Payments, later. Instructions for filing an amended tax return ) The amount shown is the total employee contribution amount, not reduced by any amounts that the RRB calculated as previously recovered. Instructions for filing an amended tax return It is the latest amount reported for 2013 and may have increased or decreased from a previous Form RRB-1099-R. Instructions for filing an amended tax return If this amount has changed, the change is retroactive. Instructions for filing an amended tax return You may need to refigure the tax-free part of your NSSEB/tier 2 benefit for 2013 and prior tax years. Instructions for filing an amended tax return If this box is blank, it means that the amount of your NSSEB and tier 2 payments shown in box 4 is fully taxable. Instructions for filing an amended tax return    If you had a previous annuity entitlement that ended and you are figuring the tax-free part of your NSSEB/tier 2 benefit for your current annuity entitlement, you should contact the RRB for confirmation of your correct employee contribution amount. Instructions for filing an amended tax return Box 4—Contributory Amount Paid. Instructions for filing an amended tax return   This is the gross amount of the NSSEB and tier 2 benefit you received in 2013, less any 2013 benefits you repaid in 2013. Instructions for filing an amended tax return (Any benefits you repaid in 2013 for an earlier year or for an unknown year are shown in box 8. Instructions for filing an amended tax return ) This amount is the total contributory pension paid in 2013. Instructions for filing an amended tax return It may be partly taxable and partly tax free or fully taxable. Instructions for filing an amended tax return If you determine you are eligible to compute a tax-free part as explained later in Partly Taxable Payments under Taxation of Periodic Payments, use the latest reported employee contribution amount shown in box 3 as the cost. Instructions for filing an amended tax return Box 5—Vested Dual Benefit. Instructions for filing an amended tax return   This is the gross amount of vested dual benefit (VDB) payments paid in 2013, less any 2013 VDB payments you repaid in 2013. Instructions for filing an amended tax return It is fully taxable. Instructions for filing an amended tax return VDB payments you repaid in 2013 for an earlier year or for an unknown year are shown in box 8. Instructions for filing an amended tax return Note. Instructions for filing an amended tax return The amounts shown in boxes 4 and 5 may represent payments for 2013 and/or other years after 1983. Instructions for filing an amended tax return Box 6—Supplemental Annuity. Instructions for filing an amended tax return   This is the gross amount of supplemental annuity benefits paid in 2013, less any 2013 supplemental annuity benefits you repaid in 2013. Instructions for filing an amended tax return It is fully taxable. Instructions for filing an amended tax return Supplemental annuity benefits you repaid in 2013 for an earlier year or for an unknown year are shown in box 8. Instructions for filing an amended tax return Box 7—Total Gross Paid. Instructions for filing an amended tax return   This is the sum of boxes 4, 5, and 6. Instructions for filing an amended tax return The amount represents the total pension paid in 2013. Instructions for filing an amended tax return Include this amount on Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a. Instructions for filing an amended tax return Box 8—Repayments. Instructions for filing an amended tax return   This amount represents any NSSEB, tier 2 benefit, VDB, and supplemental annuity benefit you repaid to the RRB in 2013 for years before 2013 or for unknown years. Instructions for filing an amended tax return The amount shown in this box has not been deducted from the amounts shown in boxes 4, 5, and 6. Instructions for filing an amended tax return It only includes repayments of benefits that were taxable to you. Instructions for filing an amended tax return This means it only includes repayments in 2013 of NSSEB benefits paid after 1985, tier 2 and VDB benefits paid after 1983, and supplemental annuity benefits paid in any year. Instructions for filing an amended tax return If you included the benefits in your income in the year you received them, you may be able to deduct the repaid amount. Instructions for filing an amended tax return For more information about repayments, see Repayment of benefits received in an earlier year , later. Instructions for filing an amended tax return    You may have repaid an overpayment of benefits by returning a payment, by making a payment, or by having an amount withheld from your railroad retirement annuity payment. Instructions for filing an amended tax return Box 9—Federal Income Tax Withheld. Instructions for filing an amended tax return   This is the total federal income tax withheld from your NSSEB, tier 2 benefit, VDB, and supplemental annuity benefit. Instructions for filing an amended tax return Include this on your income tax return as tax withheld. Instructions for filing an amended tax return If you are a nonresident alien and your tax withholding rate and/or country of legal residence changed during 2013, you will receive more than one Form RRB-1099-R for 2013. Instructions for filing an amended tax return Determine the total amount of U. Instructions for filing an amended tax return S. Instructions for filing an amended tax return federal income tax withheld from your 2013 RRB NSSEB, tier 2, VDB, and supplemental annuity payments by adding the amounts in box 9 of all original 2013 Forms RRB-1099-R, or the latest corrected or duplicate Forms RRB-1099-R you receive. Instructions for filing an amended tax return Box 10—Rate of Tax. Instructions for filing an amended tax return   If you are taxed as a U. Instructions for filing an amended tax return S. Instructions for filing an amended tax return citizen or resident alien, this box does not apply to you. Instructions for filing an amended tax return If you are a nonresident alien, an entry in this box indicates the rate at which tax was withheld on the NSSEB, tier 2, VDB, and supplemental annuity payments that were paid to you in 2013. Instructions for filing an amended tax return If you are a nonresident alien whose tax was withheld at more than one rate during 2013, you will receive a separate Form RRB-1099-R for each rate change during 2013. Instructions for filing an amended tax return Box 11—Country. Instructions for filing an amended tax return   If you are taxed as a U. Instructions for filing an amended tax return S. Instructions for filing an amended tax return citizen or resident alien, this box does not apply to you. Instructions for filing an amended tax return If you are a nonresident alien, an entry in this box indicates the country of which you were a resident for tax purposes at the time you received railroad retirement payments in 2013. Instructions for filing an amended tax return If you are a nonresident alien who was a resident of more than one country during 2013, you will receive a separate Form RRB-1099-R for each country of residence during 2013. Instructions for filing an amended tax return Box 12—Medicare Premium Total. Instructions for filing an amended tax return   This is for information purposes only. Instructions for filing an amended tax return The amount shown in this box represents the total amount of Part B Medicare premiums deducted from your railroad retirement annuity payments in 2013. Instructions for filing an amended tax return Medicare premium refunds are not included in the Medicare total. Instructions for filing an amended tax return The Medicare total is normally shown on Form RRB-1099 (if you are a citizen or resident alien of the United States) or Form RRB-1042S (if you are a nonresident alien). Instructions for filing an amended tax return However, if Form RRB-1099 or Form RRB-1042S is not required for 2013, then this total will be shown on Form RRB-1099-R. Instructions for filing an amended tax return If your Medicare premiums were deducted from your social security benefits, paid by a third party, refunded to you, and/or you paid the premiums by direct billing, your Medicare total will not be shown in this box. Instructions for filing an amended tax return Repayment of benefits received in an earlier year. Instructions for filing an amended tax return   If you had to repay any railroad retirement benefits that you had included in your income in an earlier year because at that time you thought you had an unrestricted right to it, you can deduct the amount you repaid in the year in which you repaid it. Instructions for filing an amended tax return   If you repaid $3,000 or less in 2013, deduct it on Schedule A (Form 1040), line 23. Instructions for filing an amended tax return The 2%-of-adjusted-gross-income limit applies to this deduction. Instructions for filing an amended tax return You cannot take this deduction if you file Form 1040A. Instructions for filing an amended tax return    If you repaid more than $3,000 in 2013, you can either take a deduction for the amount repaid on Schedule A (Form 1040), line 28 or you can take a credit against your tax. Instructions for filing an amended tax return For more information, see Repayments in Publication 525. Instructions for filing an amended tax return Withholding Tax and Estimated Tax Your retirement plan distributions are subject to federal income tax withholding. Instructions for filing an amended tax return However, you can choose not to have tax withheld on payments you receive unless they are eligible rollover distributions. Instructions for filing an amended tax return (These are distributions, described later under Rollovers, that are eligible for rollover treatment but are not paid directly to another qualified retirement plan or to a traditional IRA. Instructions for filing an amended tax return ) If you choose not to have tax withheld or if you do not have enough tax withheld, you may have to make estimated tax payments. Instructions for filing an amended tax return See Estimated tax , later. Instructions for filing an amended tax return The withholding rules apply to the taxable part of payments you receive from: An employer pension, annuity, profit-sharing, or stock bonus plan, Any other deferred compensation plan, A traditional individual retirement arrangement (IRA), or A commercial annuity. Instructions for filing an amended tax return For this purpose, a commercial annuity means an annuity, endowment, or life insurance contract issued by an insurance company. Instructions for filing an amended tax return There will be no withholding on any part of a distribution where it is reasonable to believe that it will not be includible in gross income. Instructions for filing an amended tax return Choosing no withholding. Instructions for filing an amended tax return   You can choose not to have income tax withheld from retirement plan payments unless they are eligible rollover distributions. Instructions for filing an amended tax return You can make this choice on Form W-4P for periodic and nonperiodic payments. Instructions for filing an amended tax return This choice generally remains in effect until you revoke it. Instructions for filing an amended tax return   The payer will ignore your choice not to have tax withheld if: You do not give the payer your social security number (in the required manner), or The IRS notifies the payer, before the payment is made, that you gave an incorrect social security number. Instructions for filing an amended tax return   To choose not to have tax withheld, a U. Instructions for filing an amended tax return S. Instructions for filing an amended tax return citizen or resident alien must give the payer a home address in the United States or its possessions. Instructions for filing an amended tax return Without that address, the payer must withhold tax. Instructions for filing an amended tax return For example, the payer has to withhold tax if the recipient has provided a U. Instructions for filing an amended tax return S. Instructions for filing an amended tax return address for a nominee, trustee, or agent to whom the benefits are delivered, but has not provided his or her own U. Instructions for filing an amended tax return S. Instructions for filing an amended tax return home address. Instructions for filing an amended tax return   If you do not give the payer a home address in the United States or its possessions, you can choose not to have tax withheld only if you certify to the payer that you are not a U. Instructions for filing an amended tax return S. Instructions for filing an amended tax return citizen, a U. Instructions for filing an amended tax return S. Instructions for filing an amended tax return resident alien, or someone who left the country to avoid tax. Instructions for filing an amended tax return But if you so certify, you may be subject to the 30% flat rate withholding that applies to nonresident aliens. Instructions for filing an amended tax return This 30% rate will not apply if you are exempt or subject to a reduced rate by treaty. Instructions for filing an amended tax return For details, get Publication 519. Instructions for filing an amended tax return Periodic payments. Instructions for filing an amended tax return   Unless you choose no withholding, your annuity or similar periodic payments (other than eligible rollover distributions) will be treated like wages for withholding purposes. Instructions for filing an amended tax return Periodic payments are amounts paid at regular intervals (such as weekly, monthly, or yearly) for a period of time greater than one year (such as for 15 years or for life). Instructions for filing an amended tax return You should give the payer a completed withholding certificate (Form W-4P or a similar form provided by the payer). Instructions for filing an amended tax return If you do not, tax will be withheld as if you were married and claiming three withholding allowances. Instructions for filing an amended tax return   Tax will be withheld as if you were single and were claiming no withholding allowances if: You do not give the payer your social security number (in the required manner), or The IRS notifies the payer (before any payment is made) that you gave an incorrect social security number. Instructions for filing an amended tax return   You must file a new withholding certificate to change the amount of withholding. Instructions for filing an amended tax return Nonperiodic distributions. Instructions for filing an amended tax return    Unless you choose no withholding, the withholding rate for a nonperiodic distribution (a payment other than a periodic payment) that is not an eligible rollover distribution is 10% of the distribution. Instructions for filing an amended tax return You can also ask the payer to withhold an additional amount using Form W-4P. Instructions for filing an amended tax return The part of any loan treated as a distribution (except an offset amount to repay the loan), explained later, is subject to withholding under this rule. Instructions for filing an amended tax return Eligible rollover distribution. Instructions for filing an amended tax return    If you receive an eligible rollover distribution, 20% of it generally will be withheld for income tax. Instructions for filing an amended tax return You cannot choose not to have tax withheld from an eligible rollover distribution. Instructions for filing an amended tax return However, tax will not be withheld if you have the plan administrator pay the eligible rollover distribution directly to another qualified plan or an IRA in a direct rollover. Instructions for filing an amended tax return For more information about eligible rollover distributions, see Rollovers , later. Instructions for filing an amended tax return Estimated tax. Instructions for filing an amended tax return   Your estimated tax is the total of your expected income tax, self-employment tax, and certain other taxes for the year, minus your expected credits and withheld tax. Instructions for filing an amended tax return Generally, you must make estimated tax payments for 2014 if you expect to owe at least $1,000 in tax (after subtracting your withholding and credits) and you expect your withholding and credits to be less than the smaller of: 90% of the tax to be shown on your 2014 return, or 100% of the tax shown on your 2013 return. Instructions for filing an amended tax return If your adjusted gross income for 2013 was more than $150,000 ($75,000 if your filing status for 2014 is married filing separately), substitute 110% for 100% in (2) above. Instructions for filing an amended tax return For more information, get Publication 505, Tax Withholding and Estimated Tax. Instructions for filing an amended tax return In figuring your withholding or estimated tax, remember that a part of your monthly social security or equivalent tier 1 railroad retirement benefits may be taxable. Instructions for filing an amended tax return See Publication 915. Instructions for filing an amended tax return You can choose to have income tax withheld from those benefits. Instructions for filing an amended tax return Use Form W-4V to make this choice. Instructions for filing an amended tax return Cost (Investment in the Contract) Distributions from your pension or annuity plan may include amounts treated as a recovery of your cost (investment in the contract). Instructions for filing an amended tax return If any part of a distribution is treated as a recovery of your cost under the rules explained in this publication, that part is tax free. Instructions for filing an amended tax return Therefore, the first step in figuring how much of a distribution is taxable is to determine the cost of your pension or annuity. Instructions for filing an amended tax return In general, your cost is your net investment in the contract as of the annuity starting date (or the date of the distribution, if earlier). Instructions for filing an amended tax return To find this amount, you must first figure the total premiums, contributions, or other amounts you paid. Instructions for filing an amended tax return This includes the amounts your employer contributed that were taxable to you when paid. Instructions for filing an amended tax return (However, see Foreign employment contributions , later. Instructions for filing an amended tax return ) It does not include amounts withheld from your pay on a tax-deferred basis (money that was taken out of your gross pay before taxes were deducted). Instructions for filing an amended tax return It also does not include amounts you contributed for health and accident benefits (including any additional premiums paid for double indemnity or disability benefits). Instructions for filing an amended tax return From this total cost you must subtract the following amounts. Instructions for filing an amended tax return Any refunded premiums, rebates, dividends, or unrepaid loans that were not included in your income and that you received by the later of the annuity starting date or the date on which you received your first payment. Instructions for filing an amended tax return Any other tax-free amounts you received under the contract or plan by the later of the dates in (1). Instructions for filing an amended tax return If you must use the Simplified Method for your annuity payments, the tax-free part of any single-sum payment received in connection with the start of the annuity payments, regardless of when you received it. Instructions for filing an amended tax return (See Simplified Method , later, for information on its required use. Instructions for filing an amended tax return ) If you use the General Rule for your annuity payments, the value of the refund feature in your annuity contract. Instructions for filing an amended tax return (See General Rule , later, for information on its use. Instructions for filing an amended tax return ) Your annuity contract has a refund feature if the annuity payments are for your life (or the lives of you and your survivor) and payments in the nature of a refund of the annuity's cost will be made to your beneficiary or estate if all annuitants die before a stated amount or a stated number of payments are made. Instructions for filing an amended tax return For more information, see Publication 939. Instructions for filing an amended tax return The tax treatment of the items described in (1) through (3) is discussed later under Taxation of Nonperiodic Payments . Instructions for filing an amended tax return Form 1099-R. Instructions for filing an amended tax return If you began receiving periodic payments of a life annuity in 2013, the payer should show your total contributions to the plan in box 9b of your 2013 Form 1099-R. Instructions for filing an amended tax return Annuity starting date defined. Instructions for filing an amended tax return   Your annuity starting date is the later of the first day of the first period for which you received a payment or the date the plan's obligations became fixed. Instructions for filing an amended tax return Example. Instructions for filing an amended tax return On January 1, you completed all your payments required under an annuity contract providing for monthly payments starting on August 1 for the period beginning July 1. Instructions for filing an amended tax return The annuity starting date is July 1. Instructions for filing an amended tax return This is the date you use in figuring the cost of the contract and selecting the appropriate number from Table 1 for line 3 of the Simplified Method Worksheet. Instructions for filing an amended tax return Designated Roth accounts. Instructions for filing an amended tax return   Your cost in these accounts is your designated Roth contributions that were included in your income as wages subject to applicable withholding requirements. Instructions for filing an amended tax return Your cost will also include any in-plan Roth rollovers you included in income. Instructions for filing an amended tax return Foreign employment contributions. Instructions for filing an amended tax return   If you worked abroad, your cost may include contributions by your employer to the retirement plan, but only if those contributions would be excludible from your gross income had they been paid directly to you as compensation. Instructions for filing an amended tax return The contributions that apply are: Contributions before 1963 by your employer, Contributions after 1962 by your employer if the contributions would be excludible from your gross income (not including the foreign earned income exclusion) had they been paid directly to you, or Contributions after 1996 by your employer if you performed the services of a foreign missionary (a duly ordained, commissioned, or licensed minister of a church or a lay person) but only if the contributions would be excludible from your gross income had they been paid directly to you. Instructions for filing an amended tax return Foreign employment contributions while a nonresident alien. Instructions for filing an amended tax return   In determining your cost, special rules apply if you are a U. Instructions for filing an amended tax return S. Instructions for filing an amended tax return citizen or resident alien who received distributions in 2013 from a plan to which contributions were made while you were a nonresident alien. Instructions for filing an amended tax return Your contributions and your employer's contributions are not included in your cost if the contribution: Was made based on compensation which was for services performed outside the United States while you were a nonresident alien, and Was not subject to income tax under the laws of the United States or any foreign country, but only if the contribution would have been subject to income tax if paid as cash compensation when the services were performed. Instructions for filing an amended tax return Taxation of Periodic Payments This section explains how the periodic payments you receive from a pension or annuity plan are taxed. Instructions for filing an amended tax return Periodic payments are amounts paid at regular intervals (such as weekly, monthly, or yearly) for a period of time greater than one year (such as for 15 years or for life). Instructions for filing an amended tax return These payments are also known as amounts received as an annuity. Instructions for filing an amended tax return If you receive an amount from your plan that is not a periodic payment, see Taxation of Nonperiodic Payments , later. Instructions for filing an amended tax return In general, you can recover the cost of your pension or annuity tax free over the period you are to receive the payments. Instructions for filing an amended tax return The amount of each payment that is more than the part that represents your cost is taxable (however, see Insurance Premiums for Retired Public Safety Officers , earlier). Instructions for filing an amended tax return Designated Roth accounts. Instructions for filing an amended tax return   If you receive a qualified distribution from a designated Roth account, the distribution is not included in your gross income. Instructions for filing an amended tax return This applies to both your cost in the account and income earned on that account. Instructions for filing an amended tax return A qualified distribution is generally a distribution that is: Made after a 5-tax-year period of participation, and Made on or after the date you reach age 59½, made to a beneficiary or your estate on or after your death, or attributable to your being disabled. Instructions for filing an amended tax return   If the distribution is not a qualified distribution, the rules discussed in this section apply. Instructions for filing an amended tax return The designated Roth account is treated as a separate contract. Instructions for filing an amended tax return Period of participation. Instructions for filing an amended tax return   The 5-tax-year period of participation is the 5-tax-year period beginning with the first tax year for which the participant made a designated Roth contribution to the plan. Instructions for filing an amended tax return Therefore, for designated Roth contributions made for 2013, the first year for which a qualified distribution can be made is 2018. Instructions for filing an amended tax return   However, if a direct rollover is made to the plan from a designated Roth account under another plan, the 5-tax-year period for the recipient plan begins with the first tax year for which the participant first had designated Roth contributions made to the other plan. Instructions for filing an amended tax return   Your 401(k), 403(b), or 457(b) plan may permit you to roll over amounts from those plans to a designated Roth account within the same plan. Instructions for filing an amended tax return This is known as an in-plan Roth rollover. Instructions for filing an amended tax return For more details, see In-plan Roth rollovers , later. Instructions for filing an amended tax return Fully Taxable Payments The pension or annuity payments that you receive are fully taxable if you have no cost in the contract because any of the following situations applies to you (however, see Insurance Premiums for Retired Public Safety Officers , earlier). Instructions for filing an amended tax return You did not pay anything or are not considered to have paid anything for your pension or annuity. Instructions for filing an amended tax return Amounts withheld from your pay on a tax-deferred basis are not considered part of the cost of the pension or annuity payment. Instructions for filing an amended tax return Your employer did not withhold contributions from your salary. Instructions for filing an amended tax return You got back all of your contributions tax free in prior years (however, see Exclusion not limited to cost under Partly Taxable Payments, later). Instructions for filing an amended tax return Report the total amount you got on Form 1040, line 16b; Form 1040A, line 12b; or on Form 1040NR, line 17b. Instructions for filing an amended tax return You should make no entry on Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a. Instructions for filing an amended tax return Deductible voluntary employee contributions. Instructions for filing an amended tax return   Distributions you receive that are based on your accumulated deductible voluntary employee contributions are generally fully taxable in the year distributed to you. Instructions for filing an amended tax return Accumulated deductible voluntary employee contributions include net earnings on the contributions. Instructions for filing an amended tax return If distributed as part of a lump sum, they do not qualify for the 10-year tax option or capital gain treatment, explained later. Instructions for filing an amended tax return Partly Taxable Payments If you have a cost to recover from your pension or annuity plan (see Cost (Investment in the Contract) , earlier), you can exclude part of each annuity payment from income as a recovery of your cost. Instructions for filing an amended tax return This tax-free part of the payment is figured when your annuity starts and remains the same each year, even if the amount of the payment changes. Instructions for filing an amended tax return The rest of each payment is taxable (however, see Insurance Premiums for Retired Public Safety Officers , earlier). Instructions for filing an amended tax return You figure the tax-free part of the payment using one of the following methods. Instructions for filing an amended tax return Simplified Method. Instructions for filing an amended tax return You generally must use this method if your annuity is paid under a qualified plan (a qualified employee plan, a qualified employee annuity, or a tax-sheltered annuity plan or contract). Instructions for filing an amended tax return You cannot use this method if your annuity is paid under a nonqualified plan. Instructions for filing an amended tax return General Rule. Instructions for filing an amended tax return You must use this method if your annuity is paid under a nonqualified plan. Instructions for filing an amended tax return You generally cannot use this method if your annuity is paid under a qualified plan. Instructions for filing an amended tax return You determine which method to use when you first begin receiving your annuity, and you continue using it each year that you recover part of your cost. Instructions for filing an amended tax return If you had more than one partly taxable pension or annuity, figure the tax-free part and the taxable part of each separately. Instructions for filing an amended tax return Qualified plan annuity starting before November 19, 1996. Instructions for filing an amended tax return   If your annuity is paid under a qualified plan and your annuity starting date (defined earlier under Cost (Investment in the Contract) ) is after July 1, 1986, and before November 19, 1996, you could have chosen to use either the Simplified Method or the General Rule. Instructions for filing an amended tax return If your annuity starting date is before July 2, 1986, you use the General Rule unless your annuity qualified for the Three-Year Rule. Instructions for filing an amended tax return If you used the Three-Year Rule (which was repealed for annuities starting after July 1, 1986), your annuity payments are generally now fully taxable. Instructions for filing an amended tax return Exclusion limit. Instructions for filing an amended tax return   Your annuity starting date determines the total amount of annuity payments that you can exclude from income over the years. Instructions for filing an amended tax return Once your annuity starting date is determined, it does not change. Instructions for filing an amended tax return If you calculate the taxable portion of your annuity payments using the simplified method worksheet, the annuity starting date determines the recovery period for your cost. Instructions for filing an amended tax return That recovery period begins on your annuity starting date and is not affected by the date you first complete the worksheet. Instructions for filing an amended tax return Exclusion limited to cost. Instructions for filing an amended tax return   If your annuity starting date is after 1986, the total amount of annuity income that you can exclude over the years as a recovery of the cost cannot exceed your total cost. Instructions for filing an amended tax return Any unrecovered cost at your (or the last annuitant's) death is allowed as a miscellaneous itemized deduction on the final return of the decedent. Instructions for filing an amended tax return This deduction is not subject to the 2%-of-adjusted-gross-income limit. Instructions for filing an amended tax return Example 1. Instructions for filing an amended tax return Your annuity starting date is after 1986, and you exclude $100 a month ($1,200 a year) under the Simplified Method. Instructions for filing an amended tax return The total cost of your annuity is $12,000. Instructions for filing an amended tax return Your exclusion ends when you have recovered your cost tax free, that is, after 10 years (120 months). Instructions for filing an amended tax return After that, your annuity payments are generally fully taxable. Instructions for filing an amended tax return Example 2. Instructions for filing an amended tax return The facts are the same as in Example 1, except you die (with no surviving annuitant) after the eighth year of retirement. Instructions for filing an amended tax return You have recovered tax free only $9,600 (8 × $1,200) of your cost. Instructions for filing an amended tax return An itemized deduction for your unrecovered cost of $2,400 ($12,000 – $9,600) can be taken on your final return. Instructions for filing an amended tax return Exclusion not limited to cost. Instructions for filing an amended tax return   If your annuity starting date is before 1987, you can continue to take your monthly exclusion for as long as you receive your annuity. Instructions for filing an amended tax return If you chose a joint and survivor annuity, your survivor can continue to take the survivor's exclusion figured as of the annuity starting date. Instructions for filing an amended tax return The total exclusion may be more than your cost. Instructions for filing an amended tax return Simplified Method Under the Simplified Method, you figure the tax-free part of each annuity payment by dividing your cost by the total number of anticipated monthly payments. Instructions for filing an amended tax return For an annuity that is payable for the lives of the annuitants, this number is based on the annuitants' ages on the annuity starting date and is determined from a table. Instructions for filing an amended tax return For any other annuity, this number is the number of monthly annuity payments under the contract. Instructions for filing an amended tax return Who must use the Simplified Method. Instructions for filing an amended tax return   You must use the Simplified Method if your annuity starting date is after November 18, 1996, and you meet both of the following conditions. Instructions for filing an amended tax return You receive your pension or annuity payments from any of the following plans. Instructions for filing an amended tax return A qualified employee plan. Instructions for filing an amended tax return A qualified employee annuity. Instructions for filing an amended tax return A tax-sheltered annuity plan (403(b) plan). Instructions for filing an amended tax return On your annuity starting date, at least one of the following conditions applies to you. Instructions for filing an amended tax return You are under age 75. Instructions for filing an amended tax return You are entitled to less than 5 years of guaranteed payments. Instructions for filing an amended tax return Guaranteed payments. Instructions for filing an amended tax return   Your annuity contract provides guaranteed payments if a minimum number of payments or a minimum amount (for example, the amount of your investment) is payable even if you and any survivor annuitant do not live to receive the minimum. Instructions for filing an amended tax return If the minimum amount is less than the total amount of the payments you are to receive, barring death, during the first 5 years after payments begin (figured by ignoring any payment increases), you are entitled to less than 5 years of guaranteed payments. Instructions for filing an amended tax return Annuity starting before November 19, 1996. Instructions for filing an amended tax return   If your annuity starting date is after July 1, 1986, and before November 19, 1996, and you chose to use the Simplified Method, you must continue to use it each year that you recover part of your cost. Instructions for filing an amended tax return You could have chosen to use the Simplified Method if your annuity is payable for your life (or the lives of you and your survivor annuitant) and you met both of the conditions listed earlier under Who must use the Simplified Method . Instructions for filing an amended tax return Who cannot use the Simplified Method. Instructions for filing an amended tax return   You cannot use the Simplified Method if you receive your pension or annuity from a nonqualified plan or otherwise do not meet the conditions described in the preceding discussion. Instructions for filing an amended tax return See General Rule , later. Instructions for filing an amended tax return How to use the Simplified Method. Instructions for filing an amended tax return    Complete Worksheet A in the back of this publication to figure your taxable annuity for 2013. Instructions for filing an amended tax return Be sure to keep the completed worksheet; it will help you figure your taxable annuity next year. Instructions for filing an amended tax return   To complete line 3 of the worksheet, you must determine the total number of expected monthly payments for your annuity. Instructions for filing an amended tax return How you do this depends on whether the annuity is for a single life, multiple lives, or a fixed period. Instructions for filing an amended tax return For this purpose, treat an annuity that is payable over the life of an annuitant as payable for that annuitant's life even if the annuity has a fixed-period feature or also provides a temporary annuity payable to the annuitant's child under age 25. Instructions for filing an amended tax return    You do not need to complete line 3 of the worksheet or make the computation on line 4 if you received annuity payments last year and used last year's worksheet to figure your taxable annuity. Instructions for filing an amended tax return Instead, enter the amount from line 4 of last year's worksheet on line 4 of this year's worksheet. Instructions for filing an amended tax return Single-life annuity. Instructions for filing an amended tax return   If your annuity is payable for your life alone, use Table 1 at the bottom of the worksheet to determine the total number of expected monthly payments. Instructions for filing an amended tax return Enter on line 3 the number shown for your age on your annuity starting date. Instructions for filing an amended tax return This number will differ depending on whether your annuity starting date is before November 19, 1996, or after November 18, 1996. Instructions for filing an amended tax return Multiple-lives annuity. Instructions for filing an amended tax return   If your annuity is payable for the lives of more than one annuitant, use Table 2 at the bottom of the worksheet to determine the total number of expected monthly payments. Instructions for filing an amended tax return Enter on line 3 the number shown for the annuitants' combined ages on the annuity starting date. Instructions for filing an amended tax return For an annuity payable to you as the primary annuitant and to more than one survivor annuitant, combine your age and the age of the youngest survivor annuitant. Instructions for filing an amended tax return For an annuity that has no primary annuitant and is payable to you and others as survivor annuitants, combine the ages of the oldest and youngest annuitants. Instructions for filing an amended tax return Do not treat as a survivor annuitant anyone whose entitlement to payments depends on an event other than the primary annuitant's death. Instructions for filing an amended tax return   However, if your annuity starting date is before 1998, do not use Table 2 and do not combine the annuitants' ages. Instructions for filing an amended tax return Instead, you must use Table 1 at the bottom of the worksheet and enter on line 3 the number shown for the primary annuitant's age on the annuity starting date. Instructions for filing an amended tax return This number will differ depending on whether your annuity starting date is before November 19, 1996, or after November 18, 1996. Instructions for filing an amended tax return Fixed-period annuity. Instructions for filing an amended tax return   If your annuity does not depend in whole or in part on anyone's life expectancy, the total number of expected monthly payments to enter on line 3 of the worksheet is the number of monthly annuity payments under the contract. Instructions for filing an amended tax return Line 6. Instructions for filing an amended tax return   The amount on line 6 should include all amounts that could have been recovered in prior years. Instructions for filing an amended tax return If you did not recover an amount in a prior year, you may be able to amend your returns for the affected years. Instructions for filing an amended tax return Example. Instructions for filing an amended tax return Bill Smith, age 65, began receiving retirement benefits in 2013 under a joint and survivor annuity. Instructions for filing an amended tax return Bill's annuity starting date is January 1, 2013. Instructions for filing an amended tax return The benefits are to be paid for the joint lives of Bill and his wife, Kathy, age 65. Instructions for filing an amended tax return Bill had contributed $31,000 to a qualified plan and had received no distributions before the annuity starting date. Instructions for filing an amended tax return Bill is to receive a retirement benefit of $1,200 a month, and Kathy is to receive a monthly survivor benefit of $600 upon Bill's death. Instructions for filing an amended tax return Bill must use the Simplified Method to figure his taxable annuity because his payments are from a qualified plan and he is under age 75. Instructions for filing an amended tax return Because his annuity is payable over the lives of more than one annuitant, he uses his and Kathy's combined ages and Table 2 at the bottom of Worksheet A in completing line 3 of the worksheet. Instructions for filing an amended tax return His completed worksheet is shown later. Instructions for filing an amended tax return Bill's tax-free monthly amount is $100 ($31,000 ÷ 310) as shown on line 4 of the worksheet. Instructions for filing an amended tax return Upon Bill's death, if Bill has not recovered the full $31,000 investment, Kathy will also exclude $100 from her $600 monthly payment. Instructions for filing an amended tax return The full amount of any annuity payments received after 310 payments are paid must be included in gross income. Instructions for filing an amended tax return If Bill and Kathy die before 310 payments are made, a miscellaneous itemized deduction will be allowed for the unrecovered cost on the final income tax return of the last to die. Instructions for filing an amended tax return This deduction is not subject to the 2%-of-adjusted-gross-income limit. Instructions for filing an amended tax return Worksheet A. Instructions for filing an amended tax return Simplified Method Worksheet for Bill Smith 1. Instructions for filing an amended tax return Enter the total pension or annuity payments received this year. Instructions for filing an amended tax return Also, add this amount to the total for Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a 1. Instructions for filing an amended tax return $14,400 2. Instructions for filing an amended tax return Enter your cost in the plan (contract) at the annuity starting date plus any death benefit exclusion. Instructions for filing an amended tax return * See Cost (Investment in the Contract) , earlier 2. Instructions for filing an amended tax return 31,000   Note. Instructions for filing an amended tax return If your annuity starting date was before this year and you completed this worksheet last year, skip line 3 and enter the amount from line 4 of last year's worksheet on line 4 below (even if the amount of your pension or annuity has changed). Instructions for filing an amended tax return Otherwise, go to line 3. Instructions for filing an amended tax return     3. Instructions for filing an amended tax return Enter the appropriate number from Table 1 below. Instructions for filing an amended tax return But if your annuity starting date was after 1997 and the payments are for your life and that of your beneficiary, enter the appropriate number from Table 2 below 3. Instructions for filing an amended tax return 310 4. Instructions for filing an amended tax return Divide line 2 by the number on line 3 4. Instructions for filing an amended tax return 100 5. Instructions for filing an amended tax return Multiply line 4 by the number of months for which this year's payments were made. Instructions for filing an amended tax return If your annuity starting date was before 1987, enter this amount on line 8 below and skip lines 6, 7, 10, and 11. Instructions for filing an amended tax return Otherwise, go to line 6 5. Instructions for filing an amended tax return 1,200 6. Instructions for filing an amended tax return Enter any amount previously recovered tax free in years after 1986. Instructions for filing an amended tax return This is the amount shown on line 10 of your worksheet for last year 6. Instructions for filing an amended tax return -0- 7. Instructions for filing an amended tax return Subtract line 6 from line 2 7. Instructions for filing an amended tax return 31,000 8. Instructions for filing an amended tax return Enter the smaller of line 5 or line 7 8. Instructions for filing an amended tax return 1,200 9. Instructions for filing an amended tax return Taxable amount for year. Instructions for filing an amended tax return Subtract line 8 from line 1. Instructions for filing an amended tax return Enter the result, but not less than zero. Instructions for filing an amended tax return Also, add this amount to the total for Form 1040, line 16b; Form 1040A, line 12b; or Form 1040NR, line 17b. Instructions for filing an amended tax return Note: If your Form 1099-R shows a larger taxable amount, use the amount figured on this line instead. Instructions for filing an amended tax return If you are a retired public safety officer, see Insurance Premiums for Retired Public Safety Officers , earlier, before entering an amount on your tax return 9. Instructions for filing an amended tax return $13,200 10. Instructions for filing an amended tax return Was your annuity starting date before 1987? □ Yes. Instructions for filing an amended tax return STOP. Instructions for filing an amended tax return Do not complete the rest of this worksheet. Instructions for filing an amended tax return  ☑ No. Instructions for filing an amended tax return Add lines 6 and 8. Instructions for filing an amended tax return This is the amount you have recovered tax free through 2013. Instructions for filing an amended tax return You will need this number if you need to fill out this worksheet next year 10. Instructions for filing an amended tax return 1,200 11. Instructions for filing an amended tax return Balance of cost to be recovered. Instructions for filing an amended tax return Subtract line 10 from line 2. Instructions for filing an amended tax return If zero, you will not have to complete this worksheet next year. Instructions for filing an amended tax return The payments you receive next year will generally be fully taxable 11. Instructions for filing an amended tax return $29,800         * A death benefit exclusion (up to $5,000) applied to certain benefits received by employees who died before August 21, 1996. Instructions for filing an amended tax return           Table 1 for Line 3 Above       AND your annuity starting date was—     IF the age at annuity starting date was. Instructions for filing an amended tax return . Instructions for filing an amended tax return . Instructions for filing an amended tax return BEFORE November 19, 1996, enter on line 3. Instructions for filing an amended tax return . Instructions for filing an amended tax return . Instructions for filing an amended tax return AFTER November 18, 1996, enter on line 3. Instructions for filing an amended tax return . Instructions for filing an amended tax return . Instructions for filing an amended tax return     55 or under 300 360     56-60 260 310     61-65 240 260     66-70 170 210     71 or older 120 160     Table 2 for Line 3 Above     IF the combined ages at  annuity starting date were. Instructions for filing an amended tax return . Instructions for filing an amended tax return . Instructions for filing an amended tax return THEN enter on line 3. Instructions for filing an amended tax return . Instructions for filing an amended tax return . Instructions for filing an amended tax return     110 or under   410     111-120   360     121-130   310     131-140   260     141 or older   210   Multiple annuitants. Instructions for filing an amended tax return   If you and one or more other annuitants receive payments at the same time, you exclude from each annuity payment a pro rata share of the monthly tax-free amount. Instructions for filing an amended tax return Figure your share by taking the following steps. Instructions for filing an amended tax return Complete your worksheet through line 4 to figure the monthly tax-free amount. Instructions for filing an amended tax return Divide the amount of your monthly payment by the total amount of the monthly payments to all annuitants. Instructions for filing an amended tax return Multiply the amount on line 4 of your worksheet by the amount figured in (2) above. Instructions for filing an amended tax return The result is your share of the monthly tax-free amount. Instructions for filing an amended tax return   Replace the amount on line 4 of the worksheet with the result in (3) above. Instructions for filing an amended tax return Enter that amount on line 4 of your worksheet each year. Instructions for filing an amended tax return General Rule Under the General Rule, you determine the tax-free part of each annuity payment based on the ratio of the cost of the contract to the total expected return. Instructions for filing an amended tax return Expected return is the total amount you and other eligible annuitants can expect to receive under the contract. Instructions for filing an amended tax return To figure it, you must use life expectancy (actuarial) tables prescribed by the IRS. Instructions for filing an amended tax return Who must use the General Rule. Instructions for filing an amended tax return   You must use the General Rule if you receive pension or annuity payments from: A nonqualified plan (such as a private annuity, a purchased commercial annuity, or a nonqualified employee plan), or A qualified plan if you are age 75 or older on your annuity starting date and your annuity payments are guaranteed for at least 5 years. Instructions for filing an amended tax return Annuity starting before November 19, 1996. Instructions for filing an amended tax return   If your annuity starting date is after July 1, 1986, and before November 19, 1996, you had to use the General Rule for either circumstance just described. Instructions for filing an amended tax return You also had to use it for any fixed-period annuity. Instructions for filing an amended tax return If you did not have to use the General Rule, you could have chosen to use it. Instructions for filing an amended tax return If your annuity starting date is before July 2, 1986, you had to use the General Rule unless you could use the Three-Year Rule. Instructions for filing an amended tax return   If you had to use the General Rule (or chose to use it), you must continue to use it each year that you recover your cost. Instructions for filing an amended tax return Who cannot use the General Rule. Instructions for filing an amended tax return   You cannot use the General Rule if you receive your pension or annuity from a qualified plan and none of the circumstances described in the preceding discussions apply to you. Instructions for filing an amended tax return See Simplified Method , earlier. Instructions for filing an amended tax return More information. Instructions for filing an amended tax return   For complete information on using the General Rule, including the actuarial tables you need, see Publication 939. Instructions for filing an amended tax return Taxation of Nonperiodic Payments This section of the publication explains how any nonperiodic distributions you receive under a pension or annuity plan are taxed. Instructions for filing an amended tax return Nonperiodic distributions are also known as amounts not received as an annuity. Instructions for filing an amended tax return They include all payments other than periodic payments and corrective distributions. Instructions for filing an amended tax return For example, the following items are treated as nonperiodic distributions. Instructions for filing an amended tax return Cash withdrawals. Instructions for filing an amended tax return Distributions of current earnings (dividends) on your investment. Instructions for filing an amended tax return However, do not include these distributions in your income to the extent the insurer keeps them to pay premiums or other consideration for the contract. Instructions for filing an amended tax return Certain loans. Instructions for filing an amended tax return See Loans Treated as Distributions , later. Instructions for filing an amended tax return The value of annuity contracts transferred without full and adequate consideration. Instructions for filing an amended tax return See Transfers of Annuity Contracts , later. Instructions for filing an amended tax return Corrective distributions of excess plan contributions. Instructions for filing an amended tax return   Generally, if the contributions made for you during the year to certain retirement plans exceed certain limits, the excess is taxable to you. Instructions for filing an amended tax return To correct an excess, your plan may distribute it to you (along with any income earned on the excess). Instructions for filing an amended tax return Although the plan reports the corrective distributions on Form 1099-R, the distribution is not treated as a nonperiodic distribution from the plan. Instructions for filing an amended tax return It is not subject to the allocation rules explained in the following discussion, it cannot be rolled over into another plan, and it is not subject to the additional tax on early distributions. Instructions for filing an amended tax return    If your retirement plan made a corrective distribution of excess amounts (excess deferrals, excess contributions, or excess annual additions), your Form 1099-R should have the code “8,” “B,” “P,” or “E” in box 7. Instructions for filing an amended tax return   For information on plan contribution limits and how to report corrective distributions of excess contributions, see Retirement Plan Contributions under Employee Compensation in Publication 525. Instructions for filing an amended tax return Figuring the Taxable Amount How you figure the taxable amount of a nonperiodic distribution depends on whether it is made before the annuity starting date, or on or after the annuity starting date. Instructions for filing an amended tax return If it is made before the annuity starting date, its tax treatment also depends on whether it is made under a qualified or nonqualified plan. Instructions for filing an amended tax return If it is made under a nonqualified plan, its tax treatment depends on whether it fully discharges the contract, is received under certain life insurance or endowment contracts, or is allocable to an investment you made before August 14, 1982. Instructions for filing an amended tax return You may be able to roll over the taxable amount of a nonperiodic distribution from a qualified retirement plan into another qualified retirement plan or a traditional IRA tax free. Instructions for filing an amended tax return See Rollovers, later. Instructions for filing an amended tax return If you do not make a tax-free rollover and the distribution qualifies as a lump-sum distribution, you may be able to elect an optional method of figuring the tax on the taxable amount. Instructions for filing an amended tax return See Lump-Sum Distributions, later. Instructions for filing an amended tax return Annuity starting date. Instructions for filing an amended tax return   The annuity starting date is either the first day of the first period for which you receive an annuity payment under the contract or the date on which the obligation under the contract becomes fixed, whichever is later. Instructions for filing an amended tax return Distributions of employer securities. Instructions for filing an amended tax return    If you receive a distribution of employer securities from a qualified retirement plan, you may be able to defer the tax on the net unrealized appreciation (NUA) in the securities. Instructions for filing an amended tax return The NUA is the net increase in the securities' value while they were in the trust. Instructions for filing an amended tax return This tax deferral applies to distributions of the employer corporation's stocks, bonds, registered debentures, and debentures with interest coupons attached. Instructions for filing an amended tax return   If the distribution is a lump-sum distribution, tax is deferred on all of the NUA unless you choose to include it in your income for the year of the distribution. Instructions for filing an amended tax return    A lump-sum distribution for this purpose is the distribution or payment of a plan participant's entire balance (within a single tax year) from all of the employer's qualified plans of one kind (pension, profit-sharing, or stock bonus plans), but only if paid: Because of the plan participant's death, After the participant reaches age 59½, Because the participant, if an employee, separates from service, or After the participant, if a self-employed individual, becomes totally and permanently disabled. Instructions for filing an amended tax return    If you choose to include NUA in your income for the year of the distribution and the participant was born before January 2, 1936, you may be able to figure the tax on the NUA using the optional methods described und
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IRS to Waive Forms 5498, 1098-T and 1099-G Penalties for the Initial Year of Introduction

In tax year 2011, the IRS introduced Forms 5498, 1098-T and 1099-G into the penalty notice program and included these returns on the Notice 972CG. Though inaccurate information returns may be assessed a penalty under Internal Revenue Code section 6721 (Failure to File Correct Information Returns), the IRS will waive penalties associated with these three forms for the 2011 introductory tax year.

Taxpayers who receive Notice 972CG, with any of the forms listed, are urged to respond to the IRS Campus as directed in the notice to obtain a waiver of the penalties. The IRS is working the requests for waiver in the order that they are received. It may be several weeks before taxpayers receive notification that their penalties are waived.

Again, at this time, the waiver applies to the 2011 tax period only.

Taxpayers and/or representatives who have questions should contact the IRS per the instructions in their notice.

Page Last Reviewed or Updated: 20-Mar-2014

The Instructions For Filing An Amended Tax Return

Instructions for filing an amended tax return 16. Instructions for filing an amended tax return   Cómo Declarar Ganancias y Pérdidas Table of Contents Qué Hay de Nuevo Introduction Useful Items - You may want to see: Cómo Declarar Ganancias y Pérdidas de CapitalExcepción 1. Instructions for filing an amended tax return Excepción 2. Instructions for filing an amended tax return Presente el Formulario 1099-B o el Formulario 1099-S al IRS. Instructions for filing an amended tax return Pérdidas de Capital Tasas Impositivas sobre Ganancias de Capital Qué Hay de Nuevo Tasas máximas de ganancias de capital. Instructions for filing an amended tax return  Para el año 2013, las tasas máximas de ganancias de capital son del 0%, 15%, 20%, 25% y 28%. Instructions for filing an amended tax return Introduction En este capítulo se explica cómo declarar ganancias y pérdidas de capital provenientes de ventas, intercambios y otras enajenaciones de bienes de inversión en el Formulario 8949 y el Anexo D (Formulario 1040). Instructions for filing an amended tax return Esta explicación abarca los siguientes temas: Cómo declarar ganancias y pérdidas a corto plazo. Instructions for filing an amended tax return Cómo declarar ganancias y pérdidas a largo plazo. Instructions for filing an amended tax return Cómo calcular pérdidas de capital que se van a trasladar al año siguiente. Instructions for filing an amended tax return Cómo calcular los impuestos sobre una ganancia neta de capital. Instructions for filing an amended tax return Si vende o de otro modo enajena bienes utilizados en una ocupación o negocio o en la producción de ingresos, vea la Publicación 544, Sales and Other Dispositions of Assets (Ventas y otras enajenaciones de activos), en inglés, antes de completar el Anexo D (Formulario 1040). Instructions for filing an amended tax return Useful Items - You may want to see: Publicación 537 Installment Sales (Ventas a plazos), en inglés 544 Sales and Other Dispositions of Assets (Ventas y otras enajenaciones de activos), en inglés 550 Investment Income and Expenses (Ingresos y gastos de inversión), en inglés Formulario (e Instrucciones) 4797 Sales of Business Property (Ventas de bienes comerciales), en inglés 6252 Installment Sale Income (Ingresos de ventas a plazos), en inglés 8582 Passive Activity Loss Limitations (Limitaciones de pérdidas en actividades pasivas), en inglés 8949 Sales and Other Dispositions of Capital Assets (Ventas y otras enajenaciones de activos de capital, en inglés) Anexo D (Formulario 1040) Capital Gains and Losses (Ganancias y pérdidas de capital), en inglés Cómo Declarar Ganancias y Pérdidas de Capital Declare sus ganancias y pérdidas de capital en el Formulario 8949. Instructions for filing an amended tax return Complete el Formulario 8949 antes de completar las líneas 1b, 2, 3, 8b, 9 ó 10 del Anexo D (Formulario 1040). Instructions for filing an amended tax return Use el Formulario 8949 para declarar: La venta o intercambio de un activo de capital, la cual no se declaró en ningún otro formulario o anexo, Ganancias por canjes involuntarios (aparte de cuando se deba a un hecho fortuito o un robo) de activos de capital que no sirven para propósitos de negocio o lucro y Deudas incobrables que no provienen del negocio. Instructions for filing an amended tax return Use el Anexo D (Formulario 1040): Para calcular la ganancia o pérdida total de las transacciones declaradas en el Formulario 8949; Para declarar una ganancia proveniente del Formulario 6252 o de la Parte I del Formulario 4797; Para declarar una ganancia o pérdida proveniente del Formulario 4684, 6781 u 8824; Para declarar distribuciones de ganancias de capital no declaradas directamente en el Formulario 1040 o en el Formulario 1040A; Para declarar una pérdida de capital trasladada del año tributario anterior al año tributario actual; Para declarar su parte de una ganancia (o pérdida) de una sociedad colectiva, sociedad anónima de tipo S, caudal hereditario o fideicomiso; Para declarar las transacciones informadas a usted en el Formulario 1099-B (o documento sustitutivo), el cual muestra las bases informadas al IRS y al cual no corresponde ninguno de los ajustes o códigos del Formulario 8949; y Para declarar ganancias de capital a largo plazo no distribuidas provenientes del Formulario 2439. Instructions for filing an amended tax return Anote en el Formulario 8949 todas las ventas e intercambios de activos de capital (incluyendo acciones, bonos, etc. Instructions for filing an amended tax return ) y de bienes raíces (si no se declararon en el Formulario 4684, 4797, 6252, 6781 u 8824 o la línea 1a u 8a del Anexo D). Instructions for filing an amended tax return Declare estas transacciones aun si usted no recibió un Formulario 1099-B o 1099-S (u otra declaración sustitutiva) para la transacción. Instructions for filing an amended tax return Declare las ganancias o pérdidas a corto plazo en la Parte I. Instructions for filing an amended tax return Declare ganancias y pérdidas a largo plazo en la Parte II. Instructions for filing an amended tax return Use cuantos Formularios 8949 sean necesarios. Instructions for filing an amended tax return Excepciones a la presentación del Formulario 8949 y el Anexo D (Formulario 1040). Instructions for filing an amended tax return   Hay ciertas circunstancias bajo las cuales usted tal vez no tenga que presentar el Formulario 8949 ni el Anexo D (Formulario 1040). Instructions for filing an amended tax return Excepción 1. Instructions for filing an amended tax return   Usted no tiene que presentar el Formulario 8949 ni el Anexo D (Formulario 1040) si no tiene pérdidas de capital y sus únicas ganancias de capital son distribuciones de ganancia de capital correspondientes al (los) recuadro(s) 2a del (de los) Formulario(s) 1099-DIV (o declaraciones sustitutivas). Instructions for filing an amended tax return (Si alguno de los Formularios 1099-DIV (o declaraciones sustitutivas) que usted recibe indica una cifra en el recuadro 2b (ganancias no recuperadas conforme a la sección 1250), el recuadro 2c (ganancias conforme a la sección 1202) o el recuadro 2d (ganancias (tasas de 28%) por la venta de objetos coleccionables, usted no reúne los requisitos para esta excepción). Instructions for filing an amended tax return Si reúne los requisitos para esta excepción, declare sus distribuciones de ganancia de capital directamente en la línea 13 del Formulario 1040 y marque el recuadro en la línea 13. Instructions for filing an amended tax return También debe utillizar la Qualified Dividends and Capital Gain Tax Worksheet (Hoja de trabajo para impuestos sobre dividendos y ganancias de capital), que encontrará en las Instrucciones del Formulario 1040, para calcular su impuesto. Instructions for filing an amended tax return Usted pede declarar sus distribuciones de ganancias de capital en la línea 10 del Formulario 1040A, en vez del Formulario 1040, si ninguno de los Formularios 1099-DIV (o declaraciones sustitutivas) que usted recibió indica una cifra en los recuadros 2b, 2c o 2d y usted no tiene que presentar el Formulario 1040. Instructions for filing an amended tax return Excepción 2. Instructions for filing an amended tax return   Usted tiene que presentar el Anexo D (Formulario 1040), pero por lo general no tiene que presentar el Formulario 8949 si la Excepción 1 no le corresponde y sus únicas ganancias y pérdidas de capital son: Distribuciones de ganancias de capital; Una pérdida de capital trasladada de un año anterior; Una ganancia correspondiente al Formulario 2439 ó 6252, o de la Parte I del Formulario 4797; Una ganancia o pérdida correspondiente al Formulario 4684, 6781 u 8824; Una ganancia o pérdida de una sociedad colectiva, sociedad anónima de tipo S, un caudal hereditario o fideicomiso; Ganancias y pérdidas de transacciones por las cuales usted recibió el Formulario 1099-B (o un documento sustitutivo), el cual muestra las bases informadas al IRS y por lo cual no necesita hacer ningún ajuste en la columna (g) del Formulario 8949 ni anotar ningún código en la columna (f) del Formulario 8949. Instructions for filing an amended tax return Ventas a plazos. Instructions for filing an amended tax return   No puede utilizar el método de pago a plazos para declarar una ganancia proveniente de la venta de acciones o valores bursátiles cotizados en un mercado de valores bursátiles establecido. Instructions for filing an amended tax return Tiene que declarar la totalidad de la ganancia en el año de la venta (el año en el que ocurra la fecha de canje). Instructions for filing an amended tax return Ganancias y pérdidas provenientes de una actividad pasiva. Instructions for filing an amended tax return    Si tiene pérdidas o ganancias provenientes de una actividad pasiva, es posible que tenga que declararlas también en el Formulario 8582. Instructions for filing an amended tax return En ciertos casos, la pérdida puede ser limitada conforme a las reglas de actividad pasiva. Instructions for filing an amended tax return Consulte el Formulario 8582 y sus instrucciones correspondientes por separado para obtener información adicional sobre la declaración de ganancias y pérdidas de capital producto de una actividad pasiva. Instructions for filing an amended tax return Transacciones que se declaran en el Formulario 1099-B. Instructions for filing an amended tax return   Si vendió bienes, como acciones, bonos o ciertos productos de consumo bursátiles, a través de un agente corredor bursátil, éste debe entregarle un Formulario 1099-B o documento sustitutivo. Instructions for filing an amended tax return Utilice el Formulario 1099-B o el documento sustitutivo para completar el Formulario 8949. Instructions for filing an amended tax return Si usted vendió un valor bursátil garantizado en 2013, su agente corredor bursátil le mandará un Formulario 1099-B (o declaración sustitutiva) que le indica la base. Instructions for filing an amended tax return Esto le ayudará a completar el Formulario 8949. Instructions for filing an amended tax return Por lo general, los valores bursátiles garantizados son aquéllos que usted adquirió después del año 2010. Instructions for filing an amended tax return   Declare las ganancias brutas que aparezcan en el recuadro 2a del Formulario 1099-B como el precio de venta en la columna (d) de la Parte I o la Parte II del Formulario 8949, según le corresponda a su caso. Instructions for filing an amended tax return No obstante, si el agente corredor bursátil indica, en el recuadro 2a del Formulario 1099-B, haber declarado al IRS las ganancias brutas (precio de venta) menos comisiones y primas de opciones, anote el precio neto de venta resultante en la columna (d) de la Parte I o de la Parte II del Formulario 8949, según le corresponda a su caso. Instructions for filing an amended tax return   Incluya en la columna (g) todo gasto de venta, tal como honorarios de agente corredor bursátil, comisiones, impuestos de traspaso locales y estatales y primas de opciones, a menos que usted haya declarado el precio neto de venta en la columna (d). Instructions for filing an amended tax return Si incluye un gasto de venta en la columna (g), anote “E” en la columna (f). Instructions for filing an amended tax return Transacciones que se declaran en el Formulario 1099-CAP. Instructions for filing an amended tax return   Si es dueño de acciones de una sociedad anónima en cuyo control o estructura de capital haya habido cambios importantes, dicha sociedad debe enviarle el Formulario 1099-CAP o documento sustitutivo. Instructions for filing an amended tax return Utilice el Formulario 1099-CAP o documento sustitutivo para completar el Formulario 8949. Instructions for filing an amended tax return Si sus cálculos indican que, debido al cambio, usted tendría una pérdida, no anote ninguna cantidad en el Formulario 8949 ni en el Anexo D (Formulario 1040). Instructions for filing an amended tax return Esta transacción no le da la posibilidad de declarar una pérdida en el Anexo D (Formulario 1040). Instructions for filing an amended tax return   Declare el total de la cantidad recibida indicado en el recuadro 2 del Formulario 1099-CAP como el precio de venta en la columna (d) de la Parte I o de la Parte II del Formulario 8949, según le corresponda a su caso. Instructions for filing an amended tax return Transacciones que se declaran en el Formulario 1099-S. Instructions for filing an amended tax return   Si vendió o canjeó bienes raíces que han de declararse, normalmente la persona encargada de comunicar transacciones de bienes raíces debe entregarle un Formulario 1099-S en el que se indiquen las ganancias brutas. Instructions for filing an amended tax return    “Bienes raíces que han de declararse” son toda participación en una propiedad actual o futura en cualesquiera de los siguientes casos: Terrenos con o sin mejoras, incluido el espacio aéreo; Estructuras intrínsecamente permanentes, incluido todo edificio residencial, comercial o industrial; Una unidad de condominio y sus instalaciones accesorias y elementos comunes, incluido el terreno; y Acciones de cooperativa de viviendas en sociedad anónima (como se define en la sección 216 del Código de Impuestos Internos). Instructions for filing an amended tax return   Una “persona encargada de comunicar transacciones de bienes raíces” puede ser el abogado del comprador, el abogado de usted, una compañía de escrituras de propiedad o de cuentas en depósito, un prestamista hipotecario, el agente corredor bursátil de usted, el agente corredor bursátil del comprador o la persona que adquiera la mayor participación en la propiedad. Instructions for filing an amended tax return   El Formulario 1099-S indicará las ganancias brutas de la venta o el intercambio en el recuadro 2. Instructions for filing an amended tax return Consulte las Instrucciones para el Formulario 8949 y las Instrucciones para el Anexo D (Formulario 1040) para saber cómo se declaran estas transacciones e incluirlas en la Parte I o Parte II del Formulario 8949, tal como le corresponda a su caso. Instructions for filing an amended tax return No obstante, declare los intercambios por bienes del mismo tipo en el Formulario 8824. Instructions for filing an amended tax return   Es ilegal que una persona encargada de comunicar transacciones de bienes raíces le cobre un cargo por separado por cumplir con el requisito de presentación del Formulario 1099-S. Instructions for filing an amended tax return Nominatarios. Instructions for filing an amended tax return   Si recibe ganancias brutas como nominatario (es decir, las ganancias brutas están a nombre suyo pero en realidad pertenecen a otra persona), vea las Instrucciones para el Formulario 8949, para saber cómo declarar estas cantidades en el Formulario 8949. Instructions for filing an amended tax return Presente el Formulario 1099-B o el Formulario 1099-S al IRS. Instructions for filing an amended tax return   Si recibió ganancias brutas en calidad de nominatario en 2013, tiene que presentar al IRS el Formulario 1099-B o el Formulario 1099-S correspondiente a dichas ganancias. Instructions for filing an amended tax return Envíe el Formulario 1099-B o el Formulario 1099-S junto con el Formulario 1096, Annual Summary and Transmittal of U. Instructions for filing an amended tax return S. Instructions for filing an amended tax return Information Returns (Resumen e informe anual de declaraciones informativas de los Estados Unidos), en inglés, al Centro de Servicio del Servicio de Impuestos Internos que le corresponda a más tardar el 28 de febrero de 2014 (31 de marzo de 2014, si presenta el Formulario 1099-B o el Formulario 1099-S por vía electrónica). Instructions for filing an amended tax return Entregue la Copia B del Formulario 1099-B o del Formulario 1099-S al verdadero dueño de dichas ganancias a más tardar el 18 de febrero de 2014. Instructions for filing an amended tax return En el Formulario 1099-B, usted debe constar como “Payer” (Pagador). Instructions for filing an amended tax return El otro dueño debe constar como “Recipient” (Destinatario). Instructions for filing an amended tax return En el Formulario 1099-S, usted debe constar como “Filer” (Declarante). Instructions for filing an amended tax return El otro dueño debe constar como “Transferor” (Cesionista). Instructions for filing an amended tax return No obstante, usted no tiene que presentar el Formulario 1099-B ni el Formulario 1099-S para mostrar las ganancias de su cónyuge. Instructions for filing an amended tax return Para más información acerca de los requisitos de presentación de ciertas declaraciones informativas y las multas por no presentar (o facilitar) dichas declaraciones, vea las General Instructions for Certain Information Returns (Instrucciones generales para determinadas declaraciones informativas), en inglés. Instructions for filing an amended tax return Si presenta la declaración electrónicamente, vea la Publicación 1220, en inglés. Instructions for filing an amended tax return Venta de bienes comprados en diferentes ocasiones. Instructions for filing an amended tax return   Si vende un paquete de acciones u otros bienes que haya comprado en diferentes ocasiones, declare la pérdida o ganancia a corto plazo procedente de la venta en una fila de la Parte I del Formulario 8949 y anote la pérdida o ganancia a largo plazo en una fila de la Parte II del Formulario 8949. Instructions for filing an amended tax return Escriba “Various” (Varios) en la columna (b) para la “Date acquired” (Fecha de adquisición). Instructions for filing an amended tax return Gastos de venta. Instructions for filing an amended tax return    En la columna (g) del Formulario 8949, incluya todo gasto de venta, como honorarios de agentes corredores bursátiles, comisiones, impuestos estatales y locales sobre traspasos y primas de opciones, a menos que usted haya declarado el precio neto de ventas en la columna (d). Instructions for filing an amended tax return Si usted incluyó un gasto de venta en la columna (g), anote “E” en la columna (f). Instructions for filing an amended tax return   Para más información sobre los ajustes a la base, vea el capítulo 13. Instructions for filing an amended tax return Ganancias y pérdidas a corto plazo. Instructions for filing an amended tax return   Las ganancias o pérdidas de capital sobre la venta o canje de bienes de inversión que haya tenido por 1 año o menos se consideran pérdidas o ganancias de capital a corto plazo. Instructions for filing an amended tax return Declárelas en la Parte I del Formulario 8949. Instructions for filing an amended tax return   Sume su parte de pérdidas o ganancias de capital a corto plazo provenientes de sociedades colectivas, sociedades anónimas de tipo S, caudales hereditarios y fideicomisos, además de toda pérdida de capital a corto plazo que se haya trasladado de un año anterior, con las demás ganancias y pérdidas de capital a corto plazo para calcular la pérdida o ganancia de capital neta a corto plazo en la línea 7 del Anexo D (Formulario 1040). Instructions for filing an amended tax return Ganancias y pérdidas a largo plazo. Instructions for filing an amended tax return    Una ganancia o pérdida de capital sobre la venta o canje de bienes de inversión que haya tenido durante más de 1 año se considera ganancia o pérdida de capital a largo plazo. Instructions for filing an amended tax return Declárela en la Parte II del Formulario 8949. Instructions for filing an amended tax return   Usted debe declarar lo siguiente en la Parte II del Anexo D (Formulario 1040): Ganancias de capital a largo plazo de un fondo mutuo (u otra sociedad inversionista reglamentada) o de una sociedad de inversión inmobiliaria (REIT, por sus siglas en inglés) que no hayan sido distribuidas; Su participación de las ganancias y pérdidas de capital a largo plazo de sociedades colectivas, sociedades anónimas de tipo S, caudales hereditarios y fideicomisos; Toda distribución de ganancia de capital proveniente de fondos mutuos y sociedades de inversión inmobiliaria (REIT) que no se haya declarado directamente en la línea 10 del Formulario 1040A o la línea 13 del Formulario 1040; y Pérdidas de capital a largo plazo trasladadas de un año anterior. Instructions for filing an amended tax return    El resultado que se dé después de sumar dichas cantidades con las demás ganancias de capital a largo plazo y restar las pérdidas de capital a largo plazo es la ganancia o pérdida de capital neta a largo plazo (línea 15 del Anexo D (Formulario 1040)). Instructions for filing an amended tax return Total de la ganancia o pérdida neta. Instructions for filing an amended tax return   Para calcular el total de la ganancia o pérdida neta, sume la ganancia o pérdida de capital neta a corto plazo (línea 7 del Anexo D (Formulario 1040)) con la pérdida o ganancia de capital neta a largo plazo (línea 15 del Anexo D (Formulario 1040)). Instructions for filing an amended tax return Anote el resultado en la línea 16 de la Parte III del Anexo D (Formulario 1040). Instructions for filing an amended tax return Si tiene pérdidas que sobrepasen las ganancias, vea Pérdidas de Capital , que se encuentra a continuación. Instructions for filing an amended tax return Si las líneas 15 y 16 del Anexo D (Formulario 1040) son ganancias y el ingreso sujeto a impuestos en su Formulario 1040 es mayor de cero, vea Tasas Impositivas sobre Ganancias de Capital , más adelante. Instructions for filing an amended tax return Pérdidas de Capital Si las pérdidas de capital son mayores que las ganancias de capital, se puede declarar una deducción por pérdida de capital. Instructions for filing an amended tax return Declare la cantidad de la deducción en la línea 13 del Formulario 1040, anotándola entre paréntesis. Instructions for filing an amended tax return Límite sobre la deducción. Instructions for filing an amended tax return   La deducción por ganancia de capital permisible, calculada en el Anexo D (Formulario 1040), es la cantidad que sea menor de las siguientes: $3,000 ($1,500 si es casado y presenta una declaración por separado) o El total de la pérdida neta tal como aparece en la línea 16 del Anexo D (Formulario 1040). Instructions for filing an amended tax return   Puede usar el total de la pérdida neta para reducir sus ingresos en una cantidad equivalente, hasta el límite de $3,000. Instructions for filing an amended tax return Traslado de pérdida de capital. Instructions for filing an amended tax return   Si el total de la pérdida neta en la línea 16 del Anexo D (Formulario 1040) sobrepasa el límite anual de las deducciones de pérdida de capital, puede trasladar al año siguiente la parte sobrante y tratarla como si hubiera incurrido en la misma durante ese próximo año. Instructions for filing an amended tax return Si una parte de la pérdida sigue sin usarse, puede trasladarla a años posteriores hasta que se agote. Instructions for filing an amended tax return   Cuando calcule una cantidad de pérdida de capital que se trasladará al año siguiente, tiene que tener en cuenta la deducción permisible del año en curso, la haya reclamado o no, e independientemente de si presentó o no una declaración correspondiente al año en curso. Instructions for filing an amended tax return   Cuando traslade una pérdida a un año posterior, ésta sigue siendo una pérdida a largo plazo o corto plazo. Instructions for filing an amended tax return Una pérdida de capital a largo plazo que usted traslade al año tributario siguiente reducirá las ganancias de capital a largo plazo de dicho año antes de reducir las ganancias de capital a corto plazo de dicho año. Instructions for filing an amended tax return Cálculo de la cantidad trasladada al año siguiente. Instructions for filing an amended tax return   La cantidad de la pérdida de capital a trasladarse al año siguiente es la cantidad de pérdida neta total que sea mayor que la cantidad menor entre: La deducción por pérdida de capital permisible durante el año o Sus ingresos sujetos a impuestos aumentados por la deducción por pérdida de capital permisible durante el año y la deducción por exenciones personales. Instructions for filing an amended tax return   Si las deducciones son mayores que sus ingresos brutos del año tributario, utilice los ingresos negativos sujetos a impuestos al calcular la cantidad en el punto (2). Instructions for filing an amended tax return    Complete la Capital Loss Carryover Worksheet (Hoja de trabajo para calcular la pérdida de capital a trasladarse a años posteriores) en las Instrucciones del Anexo D o la Publicación 550, en inglés, para calcular la parte de la pérdida de capital que se pueda trasladar. Instructions for filing an amended tax return Ejemplo. Instructions for filing an amended tax return Roberto y Gloria vendieron valores bursátiles en 2013. Instructions for filing an amended tax return Las ventas dieron por resultado una pérdida de capital de $7,000. Instructions for filing an amended tax return No hicieron otras transacciones de capital. Instructions for filing an amended tax return Sus ingresos sujetos a impuestos fueron $26,000. Instructions for filing an amended tax return En la declaración conjunta de 2013, pueden deducir $3,000. Instructions for filing an amended tax return La parte de la pérdida que no usaron, $4,000 ($7,000 − $3,000), se puede trasladar a 2014. Instructions for filing an amended tax return Si la pérdida de capital hubiera sido $2,000, la deducción por pérdida de capital también habría sido $2,000. Instructions for filing an amended tax return No tendrían cantidad alguna a trasladar al año siguiente. Instructions for filing an amended tax return Utilice primero las pérdidas a corto plazo. Instructions for filing an amended tax return   Cuando calcule la cantidad a trasladarse al año siguiente, utilice primero las pérdidas de capital a corto plazo, aunque haya incurrido en las mismas después de una pérdida de capital a largo plazo. Instructions for filing an amended tax return Si no ha alcanzado el límite de la deducción por pérdidas de capital después de haber utilizado las pérdidas de capital a corto plazo, utilice las pérdidas de capital a largo plazo hasta alcanzar el límite. Instructions for filing an amended tax return Pérdida de capital de un difunto. Instructions for filing an amended tax return    Una pérdida de capital sufrida por una persona en su último año tributario antes de fallecer (o que se haya traspasado de un año anterior a dicho año) se puede deducir sólo en la última declaración del impuesto sobre el ingreso personal que se presente a nombre del difunto. Instructions for filing an amended tax return Los límites de pérdida de capital explicados anteriormente aún corresponden en este caso. Instructions for filing an amended tax return El caudal hereditario (patrimonio) del difunto no puede deducir ninguna parte de la pérdida ni trasladarla a años posteriores. Instructions for filing an amended tax return Declaraciones conjuntas y separadas. Instructions for filing an amended tax return   Si antes usted y su cónyuge presentaban declaraciones por separado y ahora presentan una declaración conjunta, sume las cantidades de pérdida de capital que cada uno de ustedes haya trasladado a un año siguiente. Instructions for filing an amended tax return No obstante, si antes usted y su cónyuge presentaban una declaración conjunta y ahora presentan declaraciones por separado, toda pérdida de capital que se haya trasladado a un año siguiente se puede deducir sólo en la declaración del cónyuge que de hecho sufrió la pérdida. Instructions for filing an amended tax return Tasas Impositivas sobre Ganancias de Capital Las tasas impositivas correspondientes a una ganancia neta de capital suelen ser más bajas que las que corresponden a otros ingresos. Instructions for filing an amended tax return Estas tasas reducidas se conocen como las “tasas máximas de ganancias de capital”. Instructions for filing an amended tax return El término “ganancia neta de capital” designa la cantidad por la que la ganancia neta de capital a largo plazo del año supera la pérdida de capital neta a corto plazo. Instructions for filing an amended tax return Para el año 2013, las tasas máximas correspondientes a ganancias de capital son 0%, 15%, 20%, 25% y 28%. Instructions for filing an amended tax return Vea la Tabla 16-1, para obtener información detallada. Instructions for filing an amended tax return Si para calcular el impuesto utiliza las tasas máximas correspondientes a ganancias de capital y el cálculo normal de impuestos le resulta en unos impuestos más bajos, el cálculo normal de impuestos es el que le corresponde. Instructions for filing an amended tax return Ejemplo. Instructions for filing an amended tax return Su ganancia neta de capital proviene en su totalidad de la venta de artículos coleccionables, por lo tanto, la tasa correspondiente a la ganancia de capital es 28%. Instructions for filing an amended tax return Si de otro modo está sujeto a una tasa menor del 28%, la tasa del 28% no corresponde. Instructions for filing an amended tax return Deducción de los intereses de inversiones. Instructions for filing an amended tax return   Si declara una deducción de intereses de inversiones, tal vez tenga que reducir la cantidad de su ganancia neta de capital que reúna los requisitos para las tasas impositivas sobre ganancias de capital. Instructions for filing an amended tax return Réstele la cantidad de la ganancia neta de capital que opte por incluir en los ingresos de inversiones al calcular el límite de la deducción de los mismos. Instructions for filing an amended tax return Para hacer esto, se utiliza la Schedule D Tax Worksheet (Hoja de trabajo para los impuestos del Anexo D) en las Instrucciones para el Anexo D (Formulario 1040), en inglés, o la Qualified Dividends and Capital Gain Tax Worksheet (Hoja de trabajo para los impuestos sobre dividendos calificados y ganancias de capital), que se encuentra en las instrucciones por separado correspondientes a los Formularios 1040 y 1040A, en inglés. Instructions for filing an amended tax return Para más información acerca del límite de los intereses procedentes de inversiones, vea Interest Expenses (Gastos de intereses) en el capítulo 3 de la Publicación 550, en inglés. Instructions for filing an amended tax return Tabla 16-1. Instructions for filing an amended tax return ¿Cuál es la Tasa Máxima de Ganancias de Capital que le Corresponde? SI la ganancia neta de capital se deriva de . Instructions for filing an amended tax return . Instructions for filing an amended tax return . Instructions for filing an amended tax return ENTONCES la  tasa máxima de  ganancia de capital es . Instructions for filing an amended tax return . Instructions for filing an amended tax return . Instructions for filing an amended tax return una ganancia producto de artículos coleccionables 28% una ganancia, la cual reúne los requisitos, sobre acciones de pequeños negocios calificados menos la exclusión conforme a la sección 1202 28% una ganancia conforme a la sección 1250 no recuperada 25% otra ganancia1 y la tasa impositiva normal correspondiente es 39. Instructions for filing an amended tax return 6% 20% otra ganancia1 y la tasa impositiva normal correspondiente es 25%, 28%, 33% o 35% 15% otra ganancia1 y la tasa impositiva normal correspondiente es 10% o 15% 0% 1 El término “otra ganancia” significa toda ganancia que no sea una ganancia procedente de artículos coleccionables, ganancia sobre acciones de pequeños negocios calificados o una ganancia conforme a la sección 1250 no recuperada. Instructions for filing an amended tax return     Ganancia o pérdida procedente de artículos coleccionables. Instructions for filing an amended tax return   Ésta es una ganancia o pérdida que se deriva de la venta o canje de una obra de arte, alfombra, antigüedad, metal (como oro, plata y platino en barras), piedra preciosa, estampilla o sello, moneda o bebida alcohólica que haya tenido más de 1 año. Instructions for filing an amended tax return   Se considera que una ganancia procedente de artículos coleccionables abarca las ganancias resultantes de la venta de una participación en una sociedad colectiva, sociedad anónima de tipo S o fideicomiso, generadas por una plusvalía no realizada de dichos artículos coleccionables. Instructions for filing an amended tax return Ganancia sobre acciones de pequeños negocios calificados. Instructions for filing an amended tax return    Si obtuvo una ganancia de acciones de pequeños negocios calificados y fue dueño de dichas acciones durante más de 5 años, normalmente puede excluir de los ingresos una parte o la totalidad de su ganancia bajo la sección 1202. Instructions for filing an amended tax return La ganancia que cumple los requisitos, menos la exclusión conforme a la sección 1202, es una ganancia con una tasa de 28%. Instructions for filing an amended tax return Vea Gains on Qualified Small Business Stock (Ganancias de acciones de pequeños negocios calificados) en el capítulo 4 de la Publicación 550, en inglés. Instructions for filing an amended tax return Ganancia conforme a la sección 1250 no recuperada. Instructions for filing an amended tax return    Por lo general, ésta es toda parte de la ganancia de capital que se haya originado por la venta de bienes conforme a la sección 1250 (bienes raíces) debido a depreciación (pero no más que la ganancia neta conforme a la sección 1231) menos toda pérdida neta en el grupo del 28%. Instructions for filing an amended tax return Use la Unrecaptured Section 1250 Gain Worksheet (Hoja de trabajo de ganancias no recuperadas conforme a la sección 1250) de las Instrucciones del Anexo D (Formulario 1040), en inglés, para calcular la ganancia no recuperada conforme a la sección 1250. Instructions for filing an amended tax return Para más información sobre bienes conforme a la sección 1250 y ganancias conforme a la sección 1231, vea el capítulo 3 de la Publicación 544, en inglés. Instructions for filing an amended tax return Cálculo de los impuestos a base de las tasas máximas de ganancias de capital. Instructions for filing an amended tax return   Utilice la Qualified Dividends and Capital Gain Tax Worksheet (Hoja de trabajo para los impuestos sobre dividendos calificados y ganancias de capital) o la Schedule D Tax Worksheet (Hoja de trabajo para los impuestos del Anexo D), la que corresponda, para calcular su impuesto si ha recibido dividendos calificados o ganancia neta de capital. Instructions for filing an amended tax return Tiene ganancia neta de capital si las cantidades de las líneas 15 y 16 del Anexo D ambas son ganancias. Instructions for filing an amended tax return Hoja de trabajo para los impuestos del Anexo D. Instructions for filing an amended tax return   Utilice la Schedule D Tax Worksheet (Hoja de trabajo para los impuestos del Anexo D) que se encuentra en las Instrucciones del Anexo D (Formulario 1040) para calcular el impuesto si se dan las siguientes condiciones: Tiene que presentar el Anexo D (Formulario 1040) y La cantidad de la línea 18 (ganancia a una tasa de 28%) o la línea 19 (ganancia no recuperada conforme a la sección 1250) del Anexo D (Formulario 1040) es mayor de cero. Instructions for filing an amended tax return Hoja de trabajo para el impuesto sobre dividendos calificados y ganancias de capital. Instructions for filing an amended tax return   Utilice la Qualified Dividends and Capital Gain Tax Worksheet (Hoja de trabajo para el impuesto sobre los dividendos calificados y ganancias de capital) de las instrucciones del Formulario 1040 o Formulario 1040A (el que presente) para calcular el impuesto si no tiene que utilizar la Hoja de trabajo para los impuestos del Anexo D (como se explica anteriormente) y corresponde cualquiera de los siguientes puntos: Recibió dividendos calificados. Instructions for filing an amended tax return (Vea Dividendos Calificados en el capítulo 8). Instructions for filing an amended tax return No tiene que presentar el Anexo D (Formulario 1040) y recibió distribuciones de ganancias de capital. Instructions for filing an amended tax return (Vea Excepciones a la presentación del Formulario 8949 y el Anexo D (Formulario 1040) , anteriormente). Instructions for filing an amended tax return Las cantidades de las líneas 15 y 16 del Anexo D (Formulario 1040) son mayores de cero. Instructions for filing an amended tax return Impuesto mínimo alternativo. Instructions for filing an amended tax return   Estas tasas de ganancias de capital se utilizan también para calcular el impuesto mínimo alternativo. Instructions for filing an amended tax return Prev  Up  Next   Home   More Online Publications