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Irs 1040 X

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Irs 1040 X

Irs 1040 x 13. Irs 1040 x   Basis of Property Table of Contents Introduction Useful Items - You may want to see: Cost BasisReal Property Adjusted BasisIncreases to Basis Decreases to Basis Basis Other Than CostProperty Received for Services Taxable Exchanges Involuntary Conversions Nontaxable Exchanges Property Transferred From a Spouse Property Received as a Gift Inherited Property Property Changed From Personal to Business or Rental Use Stocks and Bonds Introduction This chapter discusses how to figure your basis in property. Irs 1040 x It is divided into the following sections. Irs 1040 x Cost basis. Irs 1040 x Adjusted basis. Irs 1040 x Basis other than cost. Irs 1040 x Your basis is the amount of your investment in property for tax purposes. Irs 1040 x Use the basis to figure gain or loss on the sale, exchange, or other disposition of property. Irs 1040 x Also use it to figure deductions for depreciation, amortization, depletion, and casualty losses. Irs 1040 x If you use property for both business or investment purposes and for personal purposes, you must allocate the basis based on the use. Irs 1040 x Only the basis allocated to the business or investment use of the property can be depreciated. Irs 1040 x Your original basis in property is adjusted (increased or decreased) by certain events. Irs 1040 x For example, if you make improvements to the property, increase your basis. Irs 1040 x If you take deductions for depreciation or casualty losses, or claim certain credits, reduce your basis. Irs 1040 x Keep accurate records of all items that affect the basis of your property. Irs 1040 x For more information on keeping records, see chapter 1. Irs 1040 x Useful Items - You may want to see: Publication 15-B Employer's Tax Guide to Fringe Benefits 525 Taxable and Nontaxable Income 535 Business Expenses 537 Installment Sales 544 Sales and Other Dispositions of Assets 550 Investment Income and Expenses 551 Basis of Assets 946 How To Depreciate Property Cost Basis The basis of property you buy is usually its cost. Irs 1040 x The cost is the amount you pay in cash, debt obligations, other property, or services. Irs 1040 x Your cost also includes amounts you pay for the following items: Sales tax, Freight, Installation and testing, Excise taxes, Legal and accounting fees (when they must be capitalized), Revenue stamps, Recording fees, and Real estate taxes (if you assume liability for the seller). Irs 1040 x In addition, the basis of real estate and business assets may include other items. Irs 1040 x Loans with low or no interest. Irs 1040 x    If you buy property on a time-payment plan that charges little or no interest, the basis of your property is your stated purchase price minus any amount considered to be unstated interest. Irs 1040 x You generally have unstated interest if your interest rate is less than the applicable federal rate. Irs 1040 x   For more information, see Unstated Interest and Original Issue Discount (OID) in Publication 537. Irs 1040 x Real Property Real property, also called real estate, is land and generally anything built on, growing on, or attached to land. Irs 1040 x If you buy real property, certain fees and other expenses you pay are part of your cost basis in the property. Irs 1040 x Lump sum purchase. Irs 1040 x   If you buy buildings and the land on which they stand for a lump sum, allocate the cost basis among the land and the buildings. Irs 1040 x Allocate the cost basis according to the respective fair market values (FMVs) of the land and buildings at the time of purchase. Irs 1040 x Figure the basis of each asset by multiplying the lump sum by a fraction. Irs 1040 x The numerator is the FMV of that asset and the denominator is the FMV of the whole property at the time of purchase. Irs 1040 x    If you are not certain of the FMVs of the land and buildings, you can allocate the basis according to their assessed values for real estate tax purposes. Irs 1040 x Fair market value (FMV). Irs 1040 x   FMV is the price at which the property would change hands between a willing buyer and a willing seller, neither having to buy or sell, and both having reasonable knowledge of all the necessary facts. Irs 1040 x Sales of similar property on or about the same date may be helpful in figuring the FMV of the property. Irs 1040 x Assumption of mortgage. Irs 1040 x   If you buy property and assume (or buy the property subject to) an existing mortgage on the property, your basis includes the amount you pay for the property plus the amount to be paid on the mortgage. Irs 1040 x Settlement costs. Irs 1040 x   Your basis includes the settlement fees and closing costs you paid for buying the property. Irs 1040 x (A fee for buying property is a cost that must be paid even if you buy the property for cash. Irs 1040 x ) Do not include fees and costs for getting a loan on the property in your basis. Irs 1040 x   The following are some of the settlement fees or closing costs you can include in the basis of your property. Irs 1040 x Abstract fees (abstract of title fees). Irs 1040 x Charges for installing utility services. Irs 1040 x Legal fees (including fees for the title search and preparation of the sales contract and deed). Irs 1040 x Recording fees. Irs 1040 x Survey fees. Irs 1040 x Transfer taxes. Irs 1040 x Owner's title insurance. Irs 1040 x Any amounts the seller owes that you agree to pay, such as back taxes or interest, recording or mortgage fees, charges for improvements or repairs, and sales commissions. Irs 1040 x   Settlement costs do not include amounts placed in escrow for the future payment of items such as taxes and insurance. Irs 1040 x   The following are some of the settlement fees and closing costs you cannot include in the basis of property. Irs 1040 x Casualty insurance premiums. Irs 1040 x Rent for occupancy of the property before closing. Irs 1040 x Charges for utilities or other services related to occupancy of the property before closing. Irs 1040 x Charges connected with getting a loan, such as points (discount points, loan origination fees), mortgage insurance premiums, loan assumption fees, cost of a credit report, and fees for an appraisal required by a lender. Irs 1040 x Fees for refinancing a mortgage. Irs 1040 x Real estate taxes. Irs 1040 x   If you pay real estate taxes the seller owed on real property you bought, and the seller did not reimburse you, treat those taxes as part of your basis. Irs 1040 x You cannot deduct them as an expense. Irs 1040 x    If you reimburse the seller for taxes the seller paid for you, you can usually deduct that amount as an expense in the year of purchase. Irs 1040 x Do not include that amount in the basis of your property. Irs 1040 x If you did not reimburse the seller, you must reduce your basis by the amount of those taxes. Irs 1040 x Points. Irs 1040 x   If you pay points to get a loan (including a mortgage, second mortgage, line of credit, or a home equity loan), do not add the points to the basis of the related property. Irs 1040 x Generally, you deduct the points over the term of the loan. Irs 1040 x For more information on how to deduct points, see chapter 23. Irs 1040 x Points on home mortgage. Irs 1040 x   Special rules may apply to points you and the seller pay when you get a mortgage to buy your main home. Irs 1040 x If certain requirements are met, you can deduct the points in full for the year in which they are paid. Irs 1040 x Reduce the basis of your home by any seller-paid points. Irs 1040 x Adjusted Basis Before figuring gain or loss on a sale, exchange, or other disposition of property or figuring allowable depreciation, depletion, or amortization, you must usually make certain adjustments (increases and decreases) to the cost basis or basis other than cost (discussed later) of the property. Irs 1040 x The result is the adjusted basis. Irs 1040 x Increases to Basis Increase the basis of any property by all items properly added to a capital account. Irs 1040 x Examples of items that increase basis are shown in Table 13-1. Irs 1040 x These include the items discussed below. Irs 1040 x Improvements. Irs 1040 x   Add to your basis in property the cost of improvements having a useful life of more than 1 year, that increase the value of the property, lengthen its life, or adapt it to a different use. Irs 1040 x For example, improvements include putting a recreation room in your unfinished basement, adding another bathroom or bedroom, putting up a fence, putting in new plumbing or wiring, installing a new roof, or paving your driveway. Irs 1040 x Assessments for local improvements. Irs 1040 x   Add to the basis of property assessments for improvements such as streets and sidewalks if they increase the value of the property assessed. Irs 1040 x Do not deduct them as taxes. Irs 1040 x However, you can deduct as taxes assessments for maintenance or repairs, or for meeting interest charges related to the improvements. Irs 1040 x Example. Irs 1040 x Your city changes the street in front of your store into an enclosed pedestrian mall and assesses you and other affected property owners for the cost of the conversion. Irs 1040 x Add the assessment to your property's basis. Irs 1040 x In this example, the assessment is a depreciable asset. Irs 1040 x Decreases to Basis Decrease the basis of any property by all items that represent a return of capital for the period during which you held the property. Irs 1040 x Examples of items that decrease basis are shown in Table 13-1. Irs 1040 x These include the items discussed below. Irs 1040 x Table 13-1. Irs 1040 x Examples of Adjustments to Basis Increases to Basis Decreases to Basis • Capital improvements: • Exclusion from income of   Putting an addition on your home subsidies for energy conservation   Replacing an entire roof measures   Paving your driveway     Installing central air conditioning • Casualty or theft loss deductions   Rewiring your home and insurance reimbursements       • Assessments for local improvements:     Water connections     Extending utility service lines to the property • Postponed gain from the sale of a home   Sidewalks • Alternative motor vehicle credit  (Form 8910)   Roads       • Alternative fuel vehicle refueling     property credit (Form 8911)           • Residential energy credits (Form 5695)       • Casualty losses: • Depreciation and section 179 deduction   Restoring damaged property     • Nontaxable corporate distributions • Legal fees:     Cost of defending and perfecting a title • Certain canceled debt excluded from   Fees for getting a reduction of an assessment income     • Zoning costs • Easements           • Adoption tax benefits Casualty and theft losses. Irs 1040 x   If you have a casualty or theft loss, decrease the basis in your property by any insurance proceeds or other reimbursement and by any deductible loss not covered by insurance. Irs 1040 x    You must increase your basis in the property by the amount you spend on repairs that restore the property to its pre-casualty condition. Irs 1040 x   For more information on casualty and theft losses, see chapter 25. Irs 1040 x Depreciation and section 179 deduction. Irs 1040 x   Decrease the basis of your qualifying business property by any section 179 deduction you take and the depreciation you deducted, or could have deducted (including any special depreciation allowance), on your tax returns under the method of depreciation you selected. Irs 1040 x   For more information about depreciation and the section 179 deduction, see Publication 946 and the Instructions for Form 4562. Irs 1040 x Example. Irs 1040 x You owned a duplex used as rental property that cost you $40,000, of which $35,000 was allocated to the building and $5,000 to the land. Irs 1040 x You added an improvement to the duplex that cost $10,000. Irs 1040 x In February last year, the duplex was damaged by fire. Irs 1040 x Up to that time, you had been allowed depreciation of $23,000. Irs 1040 x You sold some salvaged material for $1,300 and collected $19,700 from your insurance company. Irs 1040 x You deducted a casualty loss of $1,000 on your income tax return for last year. Irs 1040 x You spent $19,000 of the insurance proceeds for restoration of the duplex, which was completed this year. Irs 1040 x You must use the duplex's adjusted basis after the restoration to determine depreciation for the rest of the property's recovery period. Irs 1040 x Figure the adjusted basis of the duplex as follows: Original cost of duplex $35,000 Addition to duplex 10,000 Total cost of duplex $45,000 Minus: Depreciation 23,000 Adjusted basis before casualty $22,000 Minus: Insurance proceeds $19,700     Deducted casualty loss 1,000     Salvage proceeds 1,300 22,000 Adjusted basis after casualty $-0- Add: Cost of restoring duplex 19,000 Adjusted basis after restoration $19,000 Note. Irs 1040 x Your basis in the land is its original cost of $5,000. Irs 1040 x Easements. Irs 1040 x   The amount you receive for granting an easement is generally considered to be proceeds from the sale of an interest in real property. Irs 1040 x It reduces the basis of the affected part of the property. Irs 1040 x If the amount received is more than the basis of the part of the property affected by the easement, reduce your basis in that part to zero and treat the excess as a recognized gain. Irs 1040 x   If the gain is on a capital asset, see chapter 16 for information about how to report it. Irs 1040 x If the gain is on property used in a trade or business, see Publication 544 for information about how to report it. Irs 1040 x Exclusion of subsidies for energy conservation measures. Irs 1040 x   You can exclude from gross income any subsidy you received from a public utility company for the purchase or installation of an energy conservation measure for a dwelling unit. Irs 1040 x Reduce the basis of the property for which you received the subsidy by the excluded amount. Irs 1040 x For more information about this subsidy, see chapter 12. Irs 1040 x Postponed gain from sale of home. Irs 1040 x    If you postponed gain from the sale of your main home under rules in effect before May 7, 1997, you must reduce the basis of the home you acquired as a replacement by the amount of the postponed gain. Irs 1040 x For more information on the rules for the sale of a home, see chapter 15. Irs 1040 x Basis Other Than Cost There are many times when you cannot use cost as basis. Irs 1040 x In these cases, the fair market value or the adjusted basis of the property can be used. Irs 1040 x Fair market value (FMV) and adjusted basis were discussed earlier. Irs 1040 x Property Received for Services If you receive property for your services, include the FMV of the property in income. Irs 1040 x The amount you include in income becomes your basis. Irs 1040 x If the services were performed for a price agreed on beforehand, it will be accepted as the FMV of the property if there is no evidence to the contrary. Irs 1040 x Restricted property. Irs 1040 x   If you receive property for your services and the property is subject to certain restrictions, your basis in the property is its FMV when it becomes substantially vested. Irs 1040 x However, this rule does not apply if you make an election to include in income the FMV of the property at the time it is transferred to you, less any amount you paid for it. Irs 1040 x Property is substantially vested when it is transferable or when it is not subject to a substantial risk of forfeiture (you do not have a good chance of losing it). Irs 1040 x For more information, see Restricted Property in Publication 525. Irs 1040 x Bargain purchases. Irs 1040 x   A bargain purchase is a purchase of an item for less than its FMV. Irs 1040 x If, as compensation for services, you buy goods or other property at less than FMV, include the difference between the purchase price and the property's FMV in your income. Irs 1040 x Your basis in the property is its FMV (your purchase price plus the amount you include in income). Irs 1040 x   If the difference between your purchase price and the FMV is a qualified employee discount, do not include the difference in income. Irs 1040 x However, your basis in the property is still its FMV. Irs 1040 x See Employee Discounts in Publication 15-B. Irs 1040 x Taxable Exchanges A taxable exchange is one in which the gain is taxable or the loss is deductible. Irs 1040 x A taxable gain or deductible loss also is known as a recognized gain or loss. Irs 1040 x If you receive property in exchange for other property in a taxable exchange, the basis of the property you receive is usually its FMV at the time of the exchange. Irs 1040 x Involuntary Conversions If you receive replacement property as a result of an involuntary conversion, such as a casualty, theft, or condemnation, figure the basis of the replacement property using the basis of the converted property. Irs 1040 x Similar or related property. Irs 1040 x   If you receive replacement property similar or related in service or use to the converted property, the replacement property's basis is the same as the converted property's basis on the date of the conversion, with the following adjustments. Irs 1040 x Decrease the basis by the following. Irs 1040 x Any loss you recognize on the involuntary conversion. Irs 1040 x Any money you receive that you do not spend on similar property. Irs 1040 x Increase the basis by the following. Irs 1040 x Any gain you recognize on the involuntary conversion. Irs 1040 x Any cost of acquiring the replacement property. Irs 1040 x Money or property not similar or related. Irs 1040 x    If you receive money or property not similar or related in service or use to the converted property, and you buy replacement property similar or related in service or use to the converted property, the basis of the replacement property is its cost decreased by the gain not recognized on the conversion. Irs 1040 x Example. Irs 1040 x The state condemned your property. Irs 1040 x The adjusted basis of the property was $26,000 and the state paid you $31,000 for it. Irs 1040 x You realized a gain of $5,000 ($31,000 − $26,000). Irs 1040 x You bought replacement property similar in use to the converted property for $29,000. Irs 1040 x You recognize a gain of $2,000 ($31,000 − $29,000), the unspent part of the payment from the state. Irs 1040 x Your unrecognized gain is $3,000, the difference between the $5,000 realized gain and the $2,000 recognized gain. Irs 1040 x The basis of the replacement property is figured as follows: Cost of replacement property $29,000 Minus: Gain not recognized 3,000 Basis of replacement property $26,000 Allocating the basis. Irs 1040 x   If you buy more than one piece of replacement property, allocate your basis among the properties based on their respective costs. Irs 1040 x Basis for depreciation. Irs 1040 x   Special rules apply in determining and depreciating the basis of MACRS property acquired in an involuntary conversion. Irs 1040 x For information, see What Is the Basis of Your Depreciable Property? in chapter 1 of Publication 946. Irs 1040 x Nontaxable Exchanges A nontaxable exchange is an exchange in which you are not taxed on any gain and you cannot deduct any loss. Irs 1040 x If you receive property in a nontaxable exchange, its basis is generally the same as the basis of the property you transferred. Irs 1040 x See Nontaxable Trades in chapter 14. Irs 1040 x Like-Kind Exchanges The exchange of property for the same kind of property is the most common type of nontaxable exchange. Irs 1040 x To qualify as a like-kind exchange, the property traded and the property received must be both of the following. Irs 1040 x Qualifying property. Irs 1040 x Like-kind property. Irs 1040 x The basis of the property you receive is generally the same as the adjusted basis of the property you gave up. Irs 1040 x If you trade property in a like-kind exchange and also pay money, the basis of the property received is the adjusted basis of the property you gave up increased by the money you paid. Irs 1040 x Qualifying property. Irs 1040 x   In a like-kind exchange, you must hold for investment or for productive use in your trade or business both the property you give up and the property you receive. Irs 1040 x Like-kind property. Irs 1040 x   There must be an exchange of like-kind property. Irs 1040 x Like-kind properties are properties of the same nature or character, even if they differ in grade or quality. Irs 1040 x The exchange of real estate for real estate and personal property for similar personal property are exchanges of like-kind property. Irs 1040 x Example. Irs 1040 x You trade in an old truck used in your business with an adjusted basis of $1,700 for a new one costing $6,800. Irs 1040 x The dealer allows you $2,000 on the old truck, and you pay $4,800. Irs 1040 x This is a like-kind exchange. Irs 1040 x The basis of the new truck is $6,500 (the adjusted basis of the old one, $1,700, plus the amount you paid, $4,800). Irs 1040 x If you sell your old truck to a third party for $2,000 instead of trading it in and then buy a new one from the dealer, you have a taxable gain of $300 on the sale (the $2,000 sale price minus the $1,700 adjusted basis). Irs 1040 x The basis of the new truck is the price you pay the dealer. Irs 1040 x Partially nontaxable exchanges. Irs 1040 x   A partially nontaxable exchange is an exchange in which you receive unlike property or money in addition to like-kind property. Irs 1040 x The basis of the property you receive is the same as the adjusted basis of the property you gave up, with the following adjustments. Irs 1040 x Decrease the basis by the following amounts. Irs 1040 x Any money you receive. Irs 1040 x Any loss you recognize on the exchange. Irs 1040 x Increase the basis by the following amounts. Irs 1040 x Any additional costs you incur. Irs 1040 x Any gain you recognize on the exchange. Irs 1040 x If the other party to the exchange assumes your liabilities, treat the debt assumption as money you received in the exchange. Irs 1040 x Allocation of basis. Irs 1040 x   If you receive like-kind and unlike properties in the exchange, allocate the basis first to the unlike property, other than money, up to its FMV on the date of the exchange. Irs 1040 x The rest is the basis of the like-kind property. Irs 1040 x More information. Irs 1040 x   See Like-Kind Exchanges in chapter 1 of Publication 544 for more information. Irs 1040 x Basis for depreciation. Irs 1040 x   Special rules apply in determining and depreciating the basis of MACRS property acquired in a like-kind exchange. Irs 1040 x For information, see What Is the Basis of Your Depreciable Property? in chapter 1 of Publication 946. Irs 1040 x Property Transferred From a Spouse The basis of property transferred to you or transferred in trust for your benefit by your spouse is the same as your spouse's adjusted basis. Irs 1040 x The same rule applies to a transfer by your former spouse that is incident to divorce. Irs 1040 x However, for property transferred in trust, adjust your basis for any gain recognized by your spouse or former spouse if the liabilities assumed, plus the liabilities to which the property is subject, are more than the adjusted basis of the property transferred. Irs 1040 x If the property transferred to you is a series E, series EE, or series I U. Irs 1040 x S. Irs 1040 x savings bond, the transferor must include in income the interest accrued to the date of transfer. Irs 1040 x Your basis in the bond immediately after the transfer is equal to the transferor's basis increased by the interest income includible in the transferor's income. Irs 1040 x For more information on these bonds, see chapter 7. Irs 1040 x At the time of the transfer, the transferor must give you the records needed to determine the adjusted basis and holding period of the property as of the date of the transfer. Irs 1040 x For more information about the transfer of property from a spouse, see chapter 14. Irs 1040 x Property Received as a Gift To figure the basis of property you receive as a gift, you must know its adjusted basis to the donor just before it was given to you, its FMV at the time it was given to you, and any gift tax paid on it. Irs 1040 x FMV less than donor's adjusted basis. Irs 1040 x   If the FMV of the property at the time of the gift is less than the donor's adjusted basis, your basis depends on whether you have a gain or a loss when you dispose of the property. Irs 1040 x Your basis for figuring gain is the same as the donor's adjusted basis plus or minus any required adjustments to basis while you held the property. Irs 1040 x Your basis for figuring loss is its FMV when you received the gift plus or minus any required adjustments to basis while you held the property. Irs 1040 x See Adjusted Basis , earlier. Irs 1040 x Example. Irs 1040 x You received an acre of land as a gift. Irs 1040 x At the time of the gift, the land had an FMV of $8,000. Irs 1040 x The donor's adjusted basis was $10,000. Irs 1040 x After you received the property, no events occurred to increase or decrease your basis. Irs 1040 x If you later sell the property for $12,000, you will have a $2,000 gain because you must use the donor's adjusted basis at the time of the gift ($10,000) as your basis to figure gain. Irs 1040 x If you sell the property for $7,000, you will have a $1,000 loss because you must use the FMV at the time of the gift ($8,000) as your basis to figure loss. Irs 1040 x If the sales price is between $8,000 and $10,000, you have neither gain nor loss. Irs 1040 x Business property. Irs 1040 x   If you hold the gift as business property, your basis for figuring any depreciation, depletion, or amortization deductions is the same as the donor's adjusted basis plus or minus any required adjustments to basis while you hold the property. Irs 1040 x FMV equal to or greater than donor's adjusted basis. Irs 1040 x   If the FMV of the property is equal to or greater than the donor's adjusted basis, your basis is the donor's adjusted basis at the time you received the gift. Irs 1040 x Increase your basis by all or part of any gift tax paid, depending on the date of the gift, explained later. Irs 1040 x   Also, for figuring gain or loss from a sale or other disposition or for figuring depreciation, depletion, or amortization deductions on business property, you must increase or decrease your basis (the donor's adjusted basis) by any required adjustments to basis while you held the property. Irs 1040 x See Adjusted Basis , earlier. Irs 1040 x   If you received a gift during the tax year, increase your basis in the gift (the donor's adjusted basis) by the part of the gift tax paid on it due to the net increase in value of the gift. Irs 1040 x Figure the increase by multiplying the gift tax paid by a fraction. Irs 1040 x The numerator of the fraction is the net increase in value of the gift and the denominator is the amount of the gift. Irs 1040 x   The net increase in value of the gift is the FMV of the gift minus the donor's adjusted basis. Irs 1040 x The amount of the gift is its value for gift tax purposes after reduction by any annual exclusion and marital or charitable deduction that applies to the gift. Irs 1040 x Example. Irs 1040 x In 2013, you received a gift of property from your mother that had an FMV of $50,000. Irs 1040 x Her adjusted basis was $20,000. Irs 1040 x The amount of the gift for gift tax purposes was $36,000 ($50,000 minus the $14,000 annual exclusion). Irs 1040 x She paid a gift tax of $7,320 on the property. Irs 1040 x Your basis is $26,076, figured as follows: Fair market value $50,000 Minus: Adjusted basis −20,000 Net increase in value $30,000     Gift tax paid $7,320 Multiplied by ($30,000 ÷ $36,000) × . Irs 1040 x 83 Gift tax due to net increase in value $6,076 Adjusted basis of property to your mother +20,000 Your basis in the property $26,076 Note. Irs 1040 x If you received a gift before 1977, your basis in the gift (the donor's adjusted basis) includes any gift tax paid on it. Irs 1040 x However, your basis cannot exceed the FMV of the gift at the time it was given to you. Irs 1040 x Inherited Property Your basis in property you inherited from a decedent, who died before January 1, 2010, or after December 31, 2010, is generally one of the following: The FMV of the property at the date of the decedent's death. Irs 1040 x The FMV on the alternate valuation date if the personal representative for the estate elects to use alternate valuation. Irs 1040 x The value under the special-use valuation method for real property used in farming or a closely held business if elected for estate tax purposes. Irs 1040 x The decedent's adjusted basis in land to the extent of the value excluded from the decedent's taxable estate as a qualified conservation easement. Irs 1040 x If a federal estate tax return does not have to be filed, your basis in the inherited property is its appraised value at the date of death for state inheritance or transmission taxes. Irs 1040 x For more information, see the instructions to Form 706, United States Estate (and Generation-Skipping Transfer) Tax Return. Irs 1040 x Property inherited from a decedent who died in 2010. Irs 1040 x   If you inherited property from a decedent who died in 2010, special rules may apply. Irs 1040 x For more information, see Publication 4895, Tax Treatment of Property Acquired From a Decedent Dying in 2010. Irs 1040 x Community property. Irs 1040 x   In community property states (Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin), husband and wife are each usually considered to own half the community property. Irs 1040 x When either spouse dies, the total value of the community property, even the part belonging to the surviving spouse, generally becomes the basis of the entire property. Irs 1040 x For this rule to apply, at least half the value of the community property interest must be includible in the decedent's gross estate, whether or not the estate must file a return. Irs 1040 x Example. Irs 1040 x You and your spouse owned community property that had a basis of $80,000. Irs 1040 x When your spouse died, half the FMV of the community interest was includible in your spouse's estate. Irs 1040 x The FMV of the community interest was $100,000. Irs 1040 x The basis of your half of the property after the death of your spouse is $50,000 (half of the $100,000 FMV). Irs 1040 x The basis of the other half to your spouse's heirs is also $50,000. Irs 1040 x For more information about community property, see Publication 555, Community Property. Irs 1040 x Property Changed From Personal to Business or Rental Use If you hold property for personal use and then change it to business use or use it to produce rent, you can begin to depreciate the property at the time of the change. Irs 1040 x To do so, you must figure its basis for depreciation at the time of the change. Irs 1040 x An example of changing property held for personal use to business or rental use would be renting out your former personal residence. Irs 1040 x Basis for depreciation. Irs 1040 x   The basis for depreciation is the lesser of the following amounts. Irs 1040 x The FMV of the property on the date of the change. Irs 1040 x Your adjusted basis on the date of the change. Irs 1040 x Example. Irs 1040 x Several years ago, you paid $160,000 to have your house built on a lot that cost $25,000. Irs 1040 x You paid $20,000 for permanent improvements to the house and claimed a $2,000 casualty loss deduction for damage to the house before changing the property to rental use last year. Irs 1040 x Because land is not depreciable, you include only the cost of the house when figuring the basis for depreciation. Irs 1040 x Your adjusted basis in the house when you changed its use was $178,000 ($160,000 + $20,000 − $2,000). Irs 1040 x On the same date, your property had an FMV of $180,000, of which $15,000 was for the land and $165,000 was for the house. Irs 1040 x The basis for figuring depreciation on the house is its FMV on the date of the change ($165,000) because it is less than your adjusted basis ($178,000). Irs 1040 x Sale of property. Irs 1040 x   If you later sell or dispose of property changed to business or rental use, the basis you use will depend on whether you are figuring gain or loss. Irs 1040 x Gain. Irs 1040 x   The basis for figuring a gain is your adjusted basis in the property when you sell the property. Irs 1040 x Example. Irs 1040 x Assume the same facts as in the previous example except that you sell the property at a gain after being allowed depreciation deductions of $37,500. Irs 1040 x Your adjusted basis for figuring gain is $165,500 ($178,000 + $25,000 (land) − $37,500). Irs 1040 x Loss. Irs 1040 x   Figure the basis for a loss starting with the smaller of your adjusted basis or the FMV of the property at the time of the change to business or rental use. Irs 1040 x Then make adjustments (increases and decreases) for the period after the change in the property's use, as discussed earlier under Adjusted Basis . Irs 1040 x Example. Irs 1040 x Assume the same facts as in the previous example, except that you sell the property at a loss after being allowed depreciation deductions of $37,500. Irs 1040 x In this case, you would start with the FMV on the date of the change to rental use ($180,000), because it is less than the adjusted basis of $203,000 ($178,000 + $25,000 (land)) on that date. Irs 1040 x Reduce that amount ($180,000) by the depreciation deductions ($37,500). Irs 1040 x The basis for loss is $142,500 ($180,000 − $37,500). Irs 1040 x Stocks and Bonds The basis of stocks or bonds you buy generally is the purchase price plus any costs of purchase, such as commissions and recording or transfer fees. Irs 1040 x If you get stocks or bonds other than by purchase, your basis is usually determined by the FMV or the previous owner's adjusted basis, as discussed earlier. Irs 1040 x You must adjust the basis of stocks for certain events that occur after purchase. Irs 1040 x For example, if you receive additional stock from nontaxable stock dividends or stock splits, reduce your basis for each share of stock by dividing the adjusted basis of the old stock by the number of shares of old and new stock. Irs 1040 x This rule applies only when the additional stock received is identical to the stock held. Irs 1040 x Also reduce your basis when you receive nontaxable distributions. Irs 1040 x They are a return of capital. Irs 1040 x Example. Irs 1040 x In 2011 you bought 100 shares of XYZ stock for $1,000 or $10 a share. Irs 1040 x In 2012 you bought 100 shares of XYZ stock for $1,600 or $16 a share. Irs 1040 x In 2013 XYZ declared a 2-for-1 stock split. Irs 1040 x You now have 200 shares of stock with a basis of $5 a share and 200 shares with a basis of $8 a share. Irs 1040 x Other basis. Irs 1040 x   There are other ways to figure the basis of stocks or bonds depending on how you acquired them. Irs 1040 x For detailed information, see Stocks and Bonds under Basis of Investment Property in chapter 4 of Publication 550. Irs 1040 x Identifying stocks or bonds sold. Irs 1040 x   If you can adequately identify the shares of stock or the bonds you sold, their basis is the cost or other basis of the particular shares of stocks or bonds. Irs 1040 x If you buy and sell securities at various times in varying quantities and you cannot adequately identify the shares you sell, the basis of the securities you sell is the basis of the securities you acquired first. Irs 1040 x For more information about identifying securities you sell, see Stocks and Bonds under Basis of Investment Property in chapter 4 of Publication 550. Irs 1040 x Mutual fund shares. Irs 1040 x   If you sell mutual fund shares you acquired at various times and prices and left on deposit in an account kept by a custodian or agent, you can elect to use an average basis. Irs 1040 x For more information, see Publication 550. Irs 1040 x Bond premium. Irs 1040 x   If you buy a taxable bond at a premium and elect to amortize the premium, reduce the basis of the bond by the amortized premium you deduct each year. Irs 1040 x See Bond Premium Amortization in chapter 3 of Publication 550 for more information. Irs 1040 x Although you cannot deduct the premium on a tax-exempt bond, you must amortize the premium each year and reduce your basis in the bond by the amortized amount. Irs 1040 x Original issue discount (OID) on debt instruments. Irs 1040 x   You must increase your basis in an OID debt instrument by the OID you include in income for that instrument. Irs 1040 x See Original Issue Discount (OID) in chapter 7 and Publication 1212, Guide To Original Issue Discount (OID) Instruments. Irs 1040 x Tax-exempt obligations. Irs 1040 x    OID on tax-exempt obligations is generally not taxable. Irs 1040 x However, when you dispose of a tax-exempt obligation issued after September 3, 1982, and acquired after March 1, 1984, you must accrue OID on the obligation to determine its adjusted basis. Irs 1040 x The accrued OID is added to the basis of the obligation to determine your gain or loss. Irs 1040 x See chapter 4 of Publication 550. Irs 1040 x Prev  Up  Next   Home   More Online Publications
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Personal Finance

Find government information in managing your finances, including credit, debt, home ownership, money management, retirement and estate planning and more.

The Irs 1040 X

Irs 1040 x Index Symbols (ITIN), Filers who have certain child dependents with an Individual Taxpayer Identification Number (ITIN). Irs 1040 x 10% tax for early withdrawal from IRA or retirement plan (see Early withdrawal from deferred interest account, subheading: Tax on) 10-year tax option, 10-Year Tax Option 401(k) plans Tax treatment of contributions, Elective deferrals. Irs 1040 x 403(b) plans Rollovers, Rollovers, Rollover From Employer's Plan Into an IRA, Rollover from a qualified retirement plan into a Roth IRA. Irs 1040 x 457 plans (see Section 457 deferred compensation plans) 529 plans (see Qualified tuition programs) 59 rule, Age 59½ rule. Irs 1040 x 60 day rule, Time limit for making a rollover contribution. Irs 1040 x 70 rule, Age 70½ rule. Irs 1040 x , Nonresident alien spouse. Irs 1040 x A Abandonment of home, Abandonment. Irs 1040 x Abortion Deductibility as medical expense, Table 21-1. Irs 1040 x Medical and Dental Expenses Checklist. Irs 1040 x See Publication 502 for more information about these and other expenses. Irs 1040 x Abroad, citizens traveling or working, Employees of foreign governments or international organizations. Irs 1040 x , Foreign Employer, Travel Outside the United States, Travel Primarily for Business (see also Citizens outside U. Irs 1040 x S. Irs 1040 x ) (see also Foreign employment) Absence, temporary, Temporary absences. Irs 1040 x , Temporary absences. Irs 1040 x Accelerated death benefits, Accelerated Death Benefits, Exclusion for terminal illness. Irs 1040 x Accident insurance, Accident or Health Plan Cafeteria plans, Cafeteria plans. Irs 1040 x Long-term care, Long-term care coverage. Irs 1040 x , Long-Term Care Insurance Contracts Accidental death benefits, Accidental death benefits. Irs 1040 x Accidents, car, Deductible losses. Irs 1040 x Value determination, Car value. Irs 1040 x Willful negligence or intentional act as cause, Nondeductible losses. Irs 1040 x Accountable plans for employee reimbursements, Accountable Plans, Related to employer. Irs 1040 x Accountants Basis to include fees of, Cost Basis CPA review courses, Bar or CPA Review Course Accounting methods, Accounting Methods Accrual method (see Accrual method taxpayers) Cash method (see Cash method taxpayers) Change of Depreciation, to deduct unclaimed amount, Changing your accounting method to deduct unclaimed depreciation. Irs 1040 x Accounting periods, Accounting Periods Calendar year, When Do I Have To File?, Accounting Periods, Accounting period. Irs 1040 x Change in, standard deduction not allowed, Persons not eligible for the standard deduction. Irs 1040 x Fiscal year, Accounting Periods, Fiscal year taxpayers. Irs 1040 x , Fiscal Years Fringe benefits, Accounting period. Irs 1040 x Accrual method taxpayers, Accrual method. Irs 1040 x Taxes paid during tax year, deduction of, You must pay the tax during your tax year. Irs 1040 x Accumulation distribution of trusts Tax on, Other taxes. Irs 1040 x Accuracy-related penalties, Accuracy-related penalty. Irs 1040 x Acknowledgment, Acknowledgment. Irs 1040 x Activities not for profit, Activity not for profit. Irs 1040 x Address, Name and Address Change of, Change of Address Foreign, Foreign address. Irs 1040 x P. Irs 1040 x O. Irs 1040 x box, P. Irs 1040 x O. Irs 1040 x box. Irs 1040 x Address, filing, Where To File Adjusted basis, Adjusted Basis, Postponed gain from sale of home. Irs 1040 x Decreases to basis, Decreases to Basis Depreciation, Depreciation and section 179 deduction. Irs 1040 x Easements, Easements. Irs 1040 x Energy conservation subsidies exclusion, Exclusion of subsidies for energy conservation measures. Irs 1040 x Gifts, Property Received as a Gift Home sale (see Sale of home) Improvements, Improvements. Irs 1040 x Increases to basis, Increases to Basis Local assessments, Assessments for local improvements. Irs 1040 x Sales of property, Adjusted basis. Irs 1040 x Section 179 deduction, Depreciation and section 179 deduction. Irs 1040 x Adjusted gross income (AGI) Medical and dental expenses and limit of deduction, How Much of the Expenses Can You Deduct?, What Tax Form Do You Use? Retirement savings contribution credit, Special Rules Adjustments, Adjustments and tax preference items. Irs 1040 x Administrators, estate (see Executors and administrators) Adopted child, Exception for adopted child. Irs 1040 x , Adopted child. Irs 1040 x , Adopted child. Irs 1040 x , Taxpayer identification numbers for adoptees. Irs 1040 x Earned income credit, Adopted child. Irs 1040 x Adoption, Adoption Credit, Child with special needs. Irs 1040 x ATIN, Adoption taxpayer identification number (ATIN). Irs 1040 x , Adoption taxpayer identification number (ATIN). Irs 1040 x Child tax credit, Adopted child. Irs 1040 x (see also Child tax credit) Credits, Personal Expenses Married filing separately, Special Rules Taking, When to take the credit. Irs 1040 x Employer assistance, Adoption Assistance Exception for adopted child, Exception for adopted child. Irs 1040 x Exemption for child, Personal Expenses Expenses not deductible Foster care prior to, no charitable deduction, Foster parents. Irs 1040 x No charitable deduction for, Personal Expenses Foreign child, Foreign child. Irs 1040 x Medical and dental expenses of adopted child, Qualifying Child Taxpayer identification number, Adoption taxpayer identification number (ATIN). Irs 1040 x , Taxpayer identification numbers for aliens. Irs 1040 x Taxpayer identification numbers (TINs), Adoption taxpayer identification number (ATIN). Irs 1040 x Age Children's investments (see Children, subheading: Investment income of child under age 18) Form 1040EZ, taxpayer under 65 may use, You can use Form 1040EZ if all of the following apply. Irs 1040 x Gross income and filing requirements (Table 1-1), Introduction IRAs Contribution cutoff at age 70, Age 70½ rule. Irs 1040 x Distribution prior to age 59, Age 59½ rule. Irs 1040 x Distribution required at age 70, IRA owners. Irs 1040 x , Excess Accumulations (Insufficient Distributions) Pension distributions required at age 70, Age 70½. Irs 1040 x Retirement plan recipients over age 75, Who must use the General Rule. Irs 1040 x Roth IRAs, Is there an age limit for contributions?, Must you withdraw or use Roth IRA assets? Standard deduction for age 65 or older, Higher Standard Deduction for Age (65 or Older) Age test, Age Test (see Qualifying child) Agents, Losses on sales or trades of property. Irs 1040 x (see also Fiduciaries) Income paid to, Payment to an agent. Irs 1040 x Signing return, When someone can sign for you. Irs 1040 x AGI (see Adjusted gross income (AGI)) Agricultural workers (see Farmers) (see Farmworkers) Agriculture (see Farming) Aircraft Charitable gift of, deduction for fair market value, Cars, boats, and airplanes. Irs 1040 x Airline club dues Not entertainment expenses, Club dues and membership fees. Irs 1040 x Airplanes, donations of, Cars, boats, and airplanes. Irs 1040 x Airport transportation Business-related travel expense, Table 26-1. Irs 1040 x Travel Expenses You Can Deduct This chart summarizes expenses you can deduct when you travel away from home for business purposes. Irs 1040 x Alaska Standard meal allowance, Standard meal allowance for areas outside the continental United States. Irs 1040 x Alaska Permanent Fund dividends, Alaska Permanent Fund dividend. Irs 1040 x Child's dividends, Child's Alaska Permanent Fund dividends. Irs 1040 x Income from, You can use Form 1040EZ if all of the following apply. Irs 1040 x , You can use Form 1040A if all of the following apply. Irs 1040 x , Alaska Permanent Fund dividends. Irs 1040 x Investment income not to include, Investment income. Irs 1040 x Alaska Unemployment Compensation Fund, Contributions to state benefit funds. Irs 1040 x Alcohol rehabilitation centers Deductibility of medical expense, Table 21-1. Irs 1040 x Medical and Dental Expenses Checklist. Irs 1040 x See Publication 502 for more information about these and other expenses. Irs 1040 x Alcoholic beverages IRA prohibited transactions in, Collectibles. Irs 1040 x Aliens, Individual taxpayer identification number (ITIN) for aliens. Irs 1040 x , Not earned income. Irs 1040 x Dual-status (see Dual-status taxpayers) Filing required, Aliens Nonresident (see Nonresident aliens) Resident (see Resident aliens) Alimony, Alimony, Introduction, Spouse or former spouse. Irs 1040 x , Payments not alimony. Irs 1040 x , Payments to a third party. Irs 1040 x , Life insurance premiums. Irs 1040 x , Payments for jointly-owned home. Irs 1040 x , Mortgage payments. Irs 1040 x , Taxes and insurance. Irs 1040 x , Other payments to a third party. Irs 1040 x , Instruments Executed After 1984, Exception for instruments executed before 1985. Irs 1040 x , Alimony requirements. Irs 1040 x , Cash payment requirement. Irs 1040 x , Payments to a third party. Irs 1040 x , Payments designated as not alimony. Irs 1040 x , Spouses cannot be members of the same household. Irs 1040 x , Liability for payments after death of recipient spouse. Irs 1040 x , Substitute payments. Irs 1040 x , How To Deduct Alimony Paid, How To Report Alimony Received, Recapture Rule, Including the recapture in income. Irs 1040 x , Deducting the recapture. Irs 1040 x Definition of, Introduction Mortgage payments Interest deduction, Divorced or separated individuals. Irs 1040 x Reporting of income, Alimony. Irs 1040 x Alternative filing methods Electronic (see E-file ) Alternative minimum tax (AMT), Alternative Minimum Tax (AMT) Child's tax, figuring of, Alternative minimum tax. Irs 1040 x Exempt-interest dividends, Alternative minimum tax treatment. Irs 1040 x Filing requirements (Table 1-3), Figuring tax. Irs 1040 x Incentive stock option, You can use Form 1040A if all of the following apply. Irs 1040 x Nonrefundable credit for prior year tax, Nonrefundable Credit for Prior Year Minimum Tax Alternative motor vehicle credit, Alternative Motor Vehicle Credit, Amount of credit. Irs 1040 x Ambulance service personnel Life insurance proceeds when death in line of duty, Public Safety Officer Killed in the Line of Duty Amended returns, Amended Returns and Claims for Refund, Form 1040X. Irs 1040 x , Filing Form 1040X. Irs 1040 x (see also Form 1040X) Itemized deduction, change to standard deduction, Changing your mind. Irs 1040 x Standard deduction, change to itemized deductions, Changing your mind. Irs 1040 x American citizens abroad, U. Irs 1040 x S. Irs 1040 x Citizens and Resident Aliens Living Abroad (see also Citizens outside U. Irs 1040 x S. Irs 1040 x ) Employment (see Foreign employment) American Indians (see Indians) American opportunity credit Tuition deduction and, Who Cannot Claim the Deduction American Samoa Income from, Individuals With Income From U. Irs 1040 x S. Irs 1040 x Possessions Amortization Bond premiums, treatment of, Amortization of bond premium. Irs 1040 x AMT (see Alternative minimum tax (AMT)) Annuities, Rollovers (see also Rollovers) Cost computation, Cost (Investment in the Contract) Decedent's unrecovered investment in, Form W-2. Irs 1040 x Early distributions from, Tax on Early Distributions Deferred annuity contracts, 5% rate on certain early distributions from deferred annuity contracts. Irs 1040 x , Additional exceptions for nonqualified annuity contracts. Irs 1040 x Estimated tax, Withholding and estimated tax. Irs 1040 x Exclusion limit, Exclusion limit. Irs 1040 x General Rule Annuity starting before November 19, 1996, Annuity starting before November 19, 1996. Irs 1040 x Nonqualified plans and qualified plans for recipients over 75 years, Who must use the General Rule. Irs 1040 x Purchased annuities, Purchased annuities. Irs 1040 x Survivor's annuity, Survivors of retirees. Irs 1040 x Guaranteed payments, Guaranteed payments. Irs 1040 x IRAs as, Kinds of traditional IRAs. Irs 1040 x Joint return, Joint return. Irs 1040 x Loans from plan, Loans. Irs 1040 x Lump-sum distributions, Lump-Sum Distributions Multiple plan benefits, More than one program. Irs 1040 x , More than one annuity. Irs 1040 x Partly taxable payments, Partly taxable payments. Irs 1040 x Purchased annuities, Purchased annuities. Irs 1040 x Reporting of, How To Report Retirement annuities, Retirement Plans, Pensions, and Annuities (see also Retirement plans) Rollovers, Rollovers Sale of, Sale of Annuity Gain as ordinary income, Tax-free exchange. Irs 1040 x Simplified method to calculate tax-free part of annuity payment, Simplified Method Survivor's annuity, Survivors of retirees. Irs 1040 x Worksheet for computation, How to use the Simplified Method. Irs 1040 x Survivor annuities, Survivors and Beneficiaries Trade of insurance policies and annuities, Insurance policies and annuities. Irs 1040 x Unrecovered investment, Unrecovered Investment in Annuity Withholding, Form W-2. Irs 1040 x , Pensions and Annuities, Withholding and estimated tax. Irs 1040 x Annulled marriages Filing status, Annulled marriages. Irs 1040 x Anthrax incidents (see Terrorist attacks) Antiques (see Collectibles) Appliances Deterioration and damage, not casualty loss, Progressive deterioration. Irs 1040 x Appraisal fees, Appraisal Fees Donated property, Appraisal Fees Not deductible as interest, Amounts charged for services. Irs 1040 x Real estate transactions, when required by lender, Settlement costs. Irs 1040 x Appraisals Casualty or theft losses, Appraisal. Irs 1040 x , Costs of photographs and appraisals. Irs 1040 x Archer MSAs, Medical savings accounts (MSAs). Irs 1040 x Contributions, Archer MSA contributions. Irs 1040 x Medical expenses paid for decedent from, Decedent Not deductible as medical expense, Table 21-1. Irs 1040 x Medical and Dental Expenses Checklist. Irs 1040 x See Publication 502 for more information about these and other expenses. Irs 1040 x Armed forces, Types of Qualified Organizations, Table 24-1. Irs 1040 x Examples of Charitable Contributions—A Quick Check, Armed Forces reservists. Irs 1040 x (see also Reservists) (see also Veterans' organizations) Combat zone Extension to file return, Individuals Serving in Combat Zone Signing return for spouse, Spouse in combat zone. Irs 1040 x Dependency allotments, Armed Forces dependency allotments. Irs 1040 x Disability pay, Disability. Irs 1040 x Disability pensions, Military and Government Disability Pensions GI Bill benefits, Tuition payments and allowances under the GI Bill. Irs 1040 x Military, Military uniforms. Irs 1040 x Military quarters allotments, Tax-exempt military quarters allowances. Irs 1040 x Naval officers on permanent duty aboard ship, Members of the Armed Forces. Irs 1040 x Permanent duty overseas, Members of the Armed Forces. Irs 1040 x Real estate taxes when receiving housing allowance, Ministers' and military housing allowances. Irs 1040 x , Ministers' and military housing allowance. Irs 1040 x Rehabilitative program payments, Veterans' benefits. Irs 1040 x Reserves, Armed Forces reservists traveling more than 100 miles from home. Irs 1040 x Retirees' pay Taxable income, Military retirement pay. Irs 1040 x Uniforms, Military uniforms. Irs 1040 x Wages, Military Armed Forces Retiree's pay withholding, Military retirees. Irs 1040 x Art works As capital assets, Capital Assets and Noncapital Assets, Gold, silver, stamps, coins, gems, etc. Irs 1040 x Capital gains or losses from sale or trade of, Investment interest deducted. Irs 1040 x Artists, performing (see Performing artists) Assessments, local (see Local assessments) Assistance (see Tax help) Assistance, tax (see Tax help) Assumption of mortgage, Assumption of mortgage. Irs 1040 x Fees not included in basis, Settlement costs. Irs 1040 x At-risk rules Rental property, At-Risk Rules Athletic events Charitable contributions, amount deductible, Athletic events. Irs 1040 x ATIN (Adoption taxpayer identification number), Adoption taxpayer identification number (ATIN). Irs 1040 x Attachment of wages, Garnisheed wages. Irs 1040 x Attachments to return, Attachments Attorneys Bar review courses, Bar or CPA Review Course Attorneys' fees, Legal Expenses, Personal Legal Expenses Basis to include, Cost Basis Social security and railroad retirement benefits, deductions for, Legal expenses. Irs 1040 x Title to property, for preparation, filing, etc. Irs 1040 x , Settlement costs. Irs 1040 x Audits Travel expense records, If your return is examined. Irs 1040 x Auto insurance Medical expenses covered by, not deductible, Table 21-1. Irs 1040 x Medical and Dental Expenses Checklist. Irs 1040 x See Publication 502 for more information about these and other expenses. Irs 1040 x Automatic extension of time to file, Automatic Extension, When to file. Irs 1040 x Form 4868, E-file options. Irs 1040 x Automatic investment services Holding period, determination of, Automatic investment service. Irs 1040 x Awards (see Prizes and awards) Away-from-home travel (see Travel and transportation expenses) B Babysitting, Babysitting. Irs 1040 x Back pay, award for, Back pay awards. Irs 1040 x Emotional distress damages under title VII of Civil Rights Act of 1964, Court awards and damages. Irs 1040 x Backup withholding, Backup Withholding, Backup withholding. Irs 1040 x , Backup withholding. Irs 1040 x Dividend income, Backup withholding. Irs 1040 x , Reporting tax withheld. Irs 1040 x Penalties, Penalties. Irs 1040 x Bad debts Bank deposit, loss due to bank's insolvency or bankruptcy, Nonbusiness bad debt. Irs 1040 x Reporting on Schedule D (Form 1040), How to report. Irs 1040 x Claim for refund, Exceptions for special types of refunds. Irs 1040 x , Filing a claim for refund. Irs 1040 x Nonbusiness, Nonbusiness Bad Debts Recovery, Recoveries Reporting of, How to report bad debts. Irs 1040 x Short-term capital loss, How to report bad debts. Irs 1040 x When deductible, When deductible. Irs 1040 x Baggage Business-related travel expense, Table 26-1. Irs 1040 x Travel Expenses You Can Deduct This chart summarizes expenses you can deduct when you travel away from home for business purposes. Irs 1040 x Balance due, Refund or balance due. Irs 1040 x Bankruptcy Canceled debt not deemed to be income, Excluded debt. Irs 1040 x Financial institution's bankruptcy causing deductible loss, Loss on Deposits Reporting of, Loss on deposits. Irs 1040 x Banks Automatic investment service, determination of holding period, Automatic investment service. Irs 1040 x IRAs with, When and How Can a Traditional IRA Be Opened? Losses on deposits, when casualty losses, Deposit in Insolvent or Bankrupt Financial Institution, Loss on Deposits Reporting of, Loss on deposits. Irs 1040 x Money market accounts, Money Market Funds Bar associations Charitable contributions to, Contributions to Nonqualified Organizations Bar employees Tips (see Tip income) Bar review courses, Bar or CPA Review Course Bargain sales As charitable contributions, Bargain sales. Irs 1040 x Basis of purchase, Bargain purchases. Irs 1040 x Barter income, Bartering Definition of bartering, Bartering Form 1099-B, Form 1099-B from barter exchange. Irs 1040 x Basis Adjusted basis, Adjusted Basis Allocation between business and personal use, Introduction Bad debts, Basis in bad debt required. Irs 1040 x Bargain purchases, Bargain purchases. Irs 1040 x Bonds, Stocks and Bonds, Bond premium. Irs 1040 x Cost basis, Useful Items - You may want to see: IRAs for nondeductible contributions, Cost basis. Irs 1040 x , Partly taxable. Irs 1040 x Definition of, Introduction Gifts, Property Received as a Gift Home sales (see Sale of home) Improvements to real estate, Improvements. Irs 1040 x Involuntary conversion, Involuntary Conversions Like-kind exchanges, Basis of property received. Irs 1040 x Other than cost, Basis Other Than Cost, Tax-exempt obligations. Irs 1040 x , No gain or loss. Irs 1040 x Points not to be included, Settlement costs. Irs 1040 x , Points. Irs 1040 x Property received for services, Property Received for Services Real estate, Real Property Restricted property, Restricted property. Irs 1040 x Stock or stock rights, Basis. Irs 1040 x Tax-exempt obligations Bonds, Tax-exempt obligations. Irs 1040 x Transfers between spouses, Property Transferred From a Spouse, Transfers Between Spouses Beetles Damage or destruction to trees and plants, when casualty loss, Progressive deterioration. Irs 1040 x Beneficiaries, Beneficiary of an estate or trust. Irs 1040 x , Rollover by surviving spouse. Irs 1040 x , Estate and trust income. Irs 1040 x , Losses. Irs 1040 x (see also Estate beneficiaries) (see also Trust beneficiaries) Bequests, Estate and trust income. Irs 1040 x , Losses. Irs 1040 x , Gifts and inheritances. Irs 1040 x , Income from property received as a gift. Irs 1040 x (see also Estate beneficiaries) (see also Gifts) (see also Inheritance) Bicycle Fringe benefit, Qualified bicycle commuting. Irs 1040 x Bingo, Table 24-1. Irs 1040 x Examples of Charitable Contributions—A Quick Check, Contributions From Which You Benefit Birth control pills, Table 21-1. Irs 1040 x Medical and Dental Expenses Checklist. Irs 1040 x See Publication 502 for more information about these and other expenses. Irs 1040 x Birth of child, Death or birth of child. Irs 1040 x Head of household, qualifying person to file as, Death or birth. Irs 1040 x , Death or birth. Irs 1040 x Social security number to be obtained, Born and died in 2013. Irs 1040 x Birth of dependent, Death or birth. Irs 1040 x Blackmail Losses due to, Theft Blind persons Exemption from withholding, Age 65 or older or blind. Irs 1040 x Guide dogs, deductible as medical expense, Table 21-1. Irs 1040 x Medical and Dental Expenses Checklist. Irs 1040 x See Publication 502 for more information about these and other expenses. Irs 1040 x Impairment-related work expenses, deduction for, Impairment-Related Work Expenses Standard deduction for, Introduction, Higher Standard Deduction for Blindness Blood banks No charitable deduction for blood donations to, Table 24-1. Irs 1040 x Examples of Charitable Contributions—A Quick Check, Value of Time or Services Blue books to determine fair market value, Cars, boats, and airplanes. Irs 1040 x Boats Charitable gift of, deduction for fair market value, Cars, boats, and airplanes. Irs 1040 x Donations of, Cars, boats, and airplanes. Irs 1040 x Body scan, Table 21-1. Irs 1040 x Medical and Dental Expenses Checklist. Irs 1040 x See Publication 502 for more information about these and other expenses. Irs 1040 x Bona fide business purpose Travel expenses, Bona fide business purpose. Irs 1040 x Work-related education, Qualifying Work-Related Education Bonds Adjusted basis for, Stocks and Bonds Amortization of premium, Amortization of bond premium. Irs 1040 x , Amortizable Premium on Taxable Bonds As capital assets, Capital Assets and Noncapital Assets, Stocks, stock rights, and bonds. Irs 1040 x Convertible bonds, Convertible stocks and bonds. Irs 1040 x Discounted Capital gain or loss, Discounted Debt Instruments Issued at discount, Original Issue Discount (OID) Market discount bonds, Market discount bonds. Irs 1040 x Original issue discount, Original Issue Discount (OID) Redemption of, Redemption or retirement of bonds. Irs 1040 x Retirement of, Retirement bonds. Irs 1040 x , Redemption or retirement of bonds. Irs 1040 x Sale of, Bonds Sold Between Interest Dates Savings, U. Irs 1040 x S. Irs 1040 x Savings Bonds, Series HH bonds. Irs 1040 x , Series EE and series I bonds. Irs 1040 x Sold at premium, computation of adjusted basis, Bond premium. Irs 1040 x State or local government, tax-exempt, Tax-exempt state and local government bonds. Irs 1040 x Tax-exempt, State or Local Government Obligations Bonuses, Supplemental Wages, Bonuses and awards. Irs 1040 x , Employee awards or bonuses. Irs 1040 x Bookkeeping (see Recordkeeping requirements) Books to determine fair market value, Car value. Irs 1040 x Borrowed funds, Loans. Irs 1040 x , Items You Cannot Deduct (see also Loans) Used for charitable contributions, deduction for, Borrowed funds. Irs 1040 x Bottled water, Table 21-1. Irs 1040 x Medical and Dental Expenses Checklist. Irs 1040 x See Publication 502 for more information about these and other expenses. Irs 1040 x Boy Scouts Charitable contributions to, Examples. Irs 1040 x , Table 24-1. Irs 1040 x Examples of Charitable Contributions—A Quick Check Braille books, Table 21-1. Irs 1040 x Medical and Dental Expenses Checklist. Irs 1040 x See Publication 502 for more information about these and other expenses. Irs 1040 x Breach of contract Damages as income, Court awards and damages. Irs 1040 x employment, Damages for Breach of Employment Contract Breast pump and supplies, Table 21-1. Irs 1040 x Medical and Dental Expenses Checklist. Irs 1040 x See Publication 502 for more information about these and other expenses. Irs 1040 x Bribes, Bribes. Irs 1040 x , List of Nondeductible Expenses Brokers Form 1099-B, Sales and Trades IRAs with, When and How Can a Traditional IRA Be Opened? Commissions, Brokers' commissions. Irs 1040 x , Brokers' commissions. Irs 1040 x Receiving dividends, reporting on Form 1099-MISC, Form 1099-MISC. Irs 1040 x Burglary Losses due to, Theft Burial expenses, List of Nondeductible Expenses (see Funerals) Business associates, Meals and Incidental Expenses, Entertainment Expenses (see also Entertainment expenses) Business travel to meet, Transportation Expenses Travel expenses of, paying for, Business associate. Irs 1040 x Business expenses, Meals and Incidental Expenses, Entertainment Expenses (see also Entertainment expenses) Job search expenses, Job interview expenses. Irs 1040 x Meal expenses (see Meal and lodging expenses) Reimbursements, Expense allowances. Irs 1040 x , Allowances and reimbursements. Irs 1040 x Returning excess for business expenses, Returning Excess Reimbursements Returning excess business expenses, Expense allowances. Irs 1040 x Travel (see Travel and transportation expenses) Work-related education, What Expenses Can Be Deducted Business organizations Charitable contributions to, Contributions to Nonqualified Organizations Business property As gift, adjusted basis for, Business property. Irs 1040 x Basis for depreciation, Basis for depreciation. Irs 1040 x Property use changed to, adjusted basis for, Property Changed From Personal to Business or Rental Use Sales or exchanges Like-kind exchanges, Like-kind exchanges. Irs 1040 x Business tax credits Claim for refund, Exceptions for special types of refunds. Irs 1040 x Business use of home, Home Office C Cafeteria plans, Cafeteria plans. Irs 1040 x Calendar year taxpayers Accounting periods, When Do I Have To File?, Accounting Periods, Accounting period. Irs 1040 x Filing due date, When Do I Have To File? California Nonoccupational Disability Benefit Fund, Contributions to state benefit funds. Irs 1040 x Campaign contributions, Campaign contributions. Irs 1040 x , Table 24-1. Irs 1040 x Examples of Charitable Contributions—A Quick Check, Contributions to Nonqualified Organizations Presidential Election Campaign Fund, Presidential Election Campaign Fund Campaign expenses, Campaign Expenses Canada Resident of, Citizen or Resident Test, Child in Canada or Mexico. Irs 1040 x Cancellation of debt, Canceled Debts Exceptions to treatment as income, Exceptions Candidates for public office Contributions to, no charitable deduction for, Table 24-1. Irs 1040 x Examples of Charitable Contributions—A Quick Check, Contributions to Nonqualified Organizations Capital assets Coal and iron ore, Coal and iron ore. Irs 1040 x Definition of, Capital Assets and Noncapital Assets Capital expenses, Capital expenses. Irs 1040 x Capital gains or losses, Capital Gains and Losses, How to report and postpone gain. Irs 1040 x , Reporting Gains and Losses Bad debts as short-term capital loss, How to report bad debts. Irs 1040 x Carryover of, Long-term gains and losses. Irs 1040 x , Capital loss carryover. Irs 1040 x Worksheet, Figuring your carryover. Irs 1040 x Character of gain, Capital Gains and Losses Character of loss, Capital Gains and Losses Child's distributions and dividends, reporting of, Child's capital gain distributions. Irs 1040 x , Capital gain distributions and qualified dividends. Irs 1040 x Collectibles, Investment interest deducted. Irs 1040 x Deductions, Capital Losses Limit on, Limit on deduction. Irs 1040 x Distributions, Money Market Funds Form 1040 or 1040A to be used, You can use Form 1040A if all of the following apply. Irs 1040 x , How To Report Dividend Income Form 8949, Reporting Gains and Losses Hobbies, sales from collections, Hobby losses. Irs 1040 x Holding period, determination of, Holding Period How to report, Reporting Capital Gains and Losses Installment sales and, Installment sales. Irs 1040 x Lump-sum distributions from pensions and annuities, Capital Gain Treatment Mutual funds paying, Capital Gain Distributions Net capital gain, Capital Gains and Losses, Long-term gains and losses. Irs 1040 x , Capital Gain Tax Rates Included as investment income, Choosing to include net capital gain. Irs 1040 x Net long-term capital loss, Long-term gains and losses. Irs 1040 x Sale of personal items, Sale of personal items. Irs 1040 x Sale or trade of property held more than 1 year, Long-term or short-term. Irs 1040 x , Long-term gains and losses. Irs 1040 x Schedule D, Reporting Gains and Losses , Reporting Capital Gains and Losses Section 1250 gains from sale of real property, Capital Gains and Losses, Unrecaptured section 1250 gain. Irs 1040 x State or local government bonds, tax-exempt, Tax-exempt state and local government bonds. Irs 1040 x Tax rates, Capital Gain Tax Rates Total net gain, Total net gain or loss. Irs 1040 x Total net loss, Total net gain or loss. Irs 1040 x Undistributed gains, Long-term gains and losses. Irs 1040 x Credit for tax on, Undistributed capital gains of mutual funds and REITs. Irs 1040 x , Credit for Tax on Undistributed Capital Gain Car expenses, Car expenses. Irs 1040 x Car pools, Car pools. Irs 1040 x , Car pools. Irs 1040 x Carrybacks Business tax credit carrybacks, Exceptions for special types of refunds. Irs 1040 x Carryovers Capital loss, Long-term gains and losses. Irs 1040 x , Capital loss carryover. Irs 1040 x Worksheet, Figuring your carryover. Irs 1040 x Investment interest, Limit on Deduction Cars, Transportation, Transporting school children. Irs 1040 x , Car Expenses and Other Employee Business Expenses, Car Expenses (see also Standard mileage rates) (see also Travel and transportation) Accidents resulting in casualty loss, Deductible losses. Irs 1040 x Value determination, Car value. Irs 1040 x Willful negligence or intentional act as cause, Nondeductible losses. Irs 1040 x Actual expenses, Car Expenses, Actual Car Expenses Advertising displays on, Advertising display on car. Irs 1040 x Allowances from employers, Per Diem and Car Allowances As capital assets, Capital Assets and Noncapital Assets Blue book to determine fair market value, Cars, boats, and airplanes. Irs 1040 x Books to determine fair market value, Car value. Irs 1040 x Business and personal use, allocation between, Business and personal use. Irs 1040 x , Separating expenses. Irs 1040 x Business-related travel expenses, Table 26-1. Irs 1040 x Travel Expenses You Can Deduct This chart summarizes expenses you can deduct when you travel away from home for business purposes. Irs 1040 x Car pools, Car pools. Irs 1040 x Charitable gift of, deduction for fair market value, Cars, boats, and airplanes. Irs 1040 x Charitable organization service, use for, Car expenses. Irs 1040 x Depreciation, Depreciation and section 179 deductions. Irs 1040 x Donations of, Cars, boats, and airplanes. Irs 1040 x Fixed and variable rate (FAVR), Fixed and variable rate (FAVR). Irs 1040 x Form 2106 or 2106-EZ, how to fill out, Car expenses. Irs 1040 x Hauling tools or instruments, Hauling tools or instruments. Irs 1040 x Interest on loans, not deductible, Personal Interest Leased vehicles, Leasing a car. Irs 1040 x Medical transportation, Table 21-1. Irs 1040 x Medical and Dental Expenses Checklist. Irs 1040 x See Publication 502 for more information about these and other expenses. Irs 1040 x , Transportation, Car expenses. Irs 1040 x Parking (see Parking fees) Personal property taxes on, deduction of, Personal Property Taxes Reporting of, How To Report Table 26-3 showing forms to be used, Per diem allowance more than federal rate. Irs 1040 x Sale, trade-in, or other disposition, Sale, Trade-In, or Other Disposition Section 179 deductions, Depreciation and section 179 deductions. Irs 1040 x Work-related education, transportation for, Using your car. Irs 1040 x Cash Dividends paid as, Introduction Rebates, Cash rebates. Irs 1040 x Sales of property for, Payment of cash. Irs 1040 x Cash contributions, records to keep, Cash Contributions Cash method taxpayers, Cash method. Irs 1040 x Bad debts, Basis in bad debt required. Irs 1040 x Points, deduction of, Deduction Allowed in Year Paid Real estate transactions, tax allocation, Division of real estate taxes between buyers and sellers. Irs 1040 x Taxes paid during tax year, deduction of, You must pay the tax during your tax year. Irs 1040 x Worthless securities and negotiable promissory notes, Worthless securities. Irs 1040 x Cash rebates, Cash rebates. Irs 1040 x Casualties, Home destroyed or condemned. Irs 1040 x Casualty insurance Premiums not in property basis, Settlement costs. Irs 1040 x Reimbursements from, Casualty insurance and other reimbursements. Irs 1040 x Casualty losses, Nonbusiness Casualty and Theft Losses, Net operating loss (NOL). Irs 1040 x , Casualty and Theft Losses, Casualty and Theft Losses of Income-Producing Property Adjusted basis in property, Casualty and theft losses. Irs 1040 x , Involuntary Conversions, Adjusted Basis, Adjustments to basis. Irs 1040 x Amount of loss, Figuring a Loss Appraisals, Appraisal. Irs 1040 x , Costs of photographs and appraisals. Irs 1040 x Bank deposit, loss due to bank's insolvency or bankruptcy, Casualty loss or ordinary loss. Irs 1040 x Costs Cleaning up or making repairs, Cost of cleaning up or making repairs. Irs 1040 x Photographs and appraisals, Costs of photographs and appraisals. Irs 1040 x Deductible losses, Deductible losses. Irs 1040 x $100 rule, $100 Rule When to take (Table 25-2), Gains more than losses. Irs 1040 x Deduction limits, Deduction Limits For personal property (Table 25-1), Actual reimbursement same as expected. Irs 1040 x Definition of casualty, Casualty Disasters, Employer's emergency disaster fund. Irs 1040 x , Disaster relief. Irs 1040 x (see also Disaster relief) Employer's emergency disaster fund, Employer's emergency disaster fund. Irs 1040 x Fair market value of property, Decrease in Fair Market Value Form 4684 to be filed, Forms to file. Irs 1040 x Insurance proceeds, treatment of, Insurance and Other Reimbursements Net operating losses, Net operating loss (NOL). Irs 1040 x Nondeductible losses, Deductible losses. Irs 1040 x Proof of loss, Casualty loss proof. Irs 1040 x Property used partly for business and partly for personal purposes, Property used partly for business and partly for personal purposes. Irs 1040 x Reimbursement, Insurance and Other Reimbursements Reporting of gain or loss, When To Report Gains and Losses, Losses. Irs 1040 x , How To Report Gains and Losses Single casualty on multiple properties, Single Casualty on Multiple Properties Cemeteries Charitable contributions to, Types of Qualified Organizations Certificate, mortgage credit, Who qualifies. Irs 1040 x Certificates of deposit (CDs), Certificates of deposit (CDs). Irs 1040 x , Individual Retirement Arrangements (IRAs) (see also Individual retirement arrangements (IRAs)) Chambers of commerce Charitable contributions to, Table 24-1. Irs 1040 x Examples of Charitable Contributions—A Quick Check, Contributions to Nonqualified Organizations Entertainment expenses for attending meetings, Trade association meetings. Irs 1040 x Change of address, Change of Address Change of name, Name change. Irs 1040 x , Name changed. Irs 1040 x Chaplains Life insurance proceeds when death in line of duty, Public Safety Officer Killed in the Line of Duty Charitable contributions, Contributions, Introduction, Organizations That Qualify To Receive Deductible Contributions, Types of Qualified Organizations, Contributions You Can Deduct, Contributions From Which You Benefit, Table 24-1. Irs 1040 x Examples of Charitable Contributions—A Quick Check, Token items. Irs 1040 x , Written statement. Irs 1040 x , Contributions You Cannot Deduct, Contributions to Individuals, Contributions to Nonqualified Organizations, Contributions From Which You Benefit, Contributions of Property, Determining Fair Market Value, Large quantities. Irs 1040 x , Giving Property That Has Decreased in Value, Giving Property That Has Increased in Value, Ordinary income property. Irs 1040 x , Capital gain property. Irs 1040 x , Amount of deduction — general rule. Irs 1040 x , Bargain sales. Irs 1040 x , When To Deduct, Time of making contribution. Irs 1040 x , Noncash Contributions, Additional records. Irs 1040 x , How To Report Gifts to reduce public debt, Gift To Reduce Debt Held by the Public Charitable distributions, qualified, Qualified charitable distributions (QCD). Irs 1040 x Charity benefit events Deduction amount for charitable contributions, Charity benefit events. Irs 1040 x Check-writing fees, Check-Writing Fees on Personal Account Checklists Medical and dental expense deductions (Table 21-1), Medicare A. Irs 1040 x Checks As charitable contributions, Checks. Irs 1040 x Canceled checks as evidence of travel expenses, Canceled check. Irs 1040 x Constructive receipt of, Check received or available. Irs 1040 x Child Foster child, Rule 10. Irs 1040 x You Cannot Be a Qualifying Child of Another Taxpayer, Rule 13. Irs 1040 x You Cannot Be a Qualifying Child of Another Taxpayer Married child, Married child. Irs 1040 x Child and dependent care credit, You can use Form 1040A if all of the following apply. Irs 1040 x Due diligence, Getting the information. Irs 1040 x Earned income, Earned income. Irs 1040 x Full-time student, Rule for student-spouse or spouse not able to care for self. Irs 1040 x Married filing separately, Special Rules Payments to relatives, Payments to Relatives or Dependents Child born alive, Child born alive. Irs 1040 x Child care, You can use Form 1040A if all of the following apply. Irs 1040 x Babysitting, Babysitting. Irs 1040 x Care providers, Childcare providers. Irs 1040 x Expenses, Child care expenses. Irs 1040 x Nursing care for healthy baby, not deductible as medical expense, Table 21-1. Irs 1040 x Medical and Dental Expenses Checklist. Irs 1040 x See Publication 502 for more information about these and other expenses. Irs 1040 x Child custody, Custodial parent and noncustodial parent. Irs 1040 x Child support, Child support payments. Irs 1040 x Alimony, difference from, Payments not alimony. Irs 1040 x , Alimony requirements. Irs 1040 x , Child support. Irs 1040 x Child tax credit, Who Should File, You can use Form 1040A if all of the following apply. Irs 1040 x , Child tax credit. Irs 1040 x , Child Tax Credit Additional credit, Additional Child Tax Credit Amount of credit, Amount of Credit Claiming, procedure for, Claiming the Credit Limits, Special Rules, Limits on the Credit Modified adjusted gross income, Modified AGI. Irs 1040 x Married filing separately, Special Rules Qualifying child, Qualifying Child Child, qualifying, Qualifying Child Childcare Credit, Child and Dependent Care Credit Provider Taxpayer identification number, Provider Identification Test Children, Adoption Assistance, Personal Expenses (see also Adoption) Additional credit on child tax credit, Additional Child Tax Credit Adoption (see Adopted child) Babysitters, Babysitting. Irs 1040 x Birth of child Head of household, qualifying person to file as, Death or birth. Irs 1040 x , Death or birth. Irs 1040 x Social security number to be obtained, Born and died in 2013. Irs 1040 x Care providers, Childcare providers. Irs 1040 x (see also Child care) Child's tax, figuring of, Step 3. Irs 1040 x Figuring the Child's Tax (Form 8615, Part III) Alternative minimum tax, Alternative minimum tax. Irs 1040 x Credit for, Who Should File, You can use Form 1040A if all of the following apply. Irs 1040 x (see also Child and dependent care credit) (see also Child tax credit) Custody of, Custodial parent and noncustodial parent. Irs 1040 x Death of child Head of household, qualifying person to file as, Death or birth. Irs 1040 x , Death or birth. Irs 1040 x Deductions, Line 2 (deductions). Irs 1040 x Dividends of (see this heading: Investment income of child under age 18) Earnings of, Child's earnings. Irs 1040 x Filing requirements, Child's earnings. Irs 1040 x As dependents (Table 1-2), Do I Have To File a Return? Gifts to, Income from property given to a child. Irs 1040 x , Income from property received as a gift. Irs 1040 x Inclusion of child's income on parent's return (Figure 31-A), Penalty for underpayment of estimated tax. Irs 1040 x Income, calculation of, Figuring Child's Income Capital gains distributions, Capital gain distributions and qualified dividends. Irs 1040 x Investment income of, Tax on unearned income of certain children. Irs 1040 x Investment income of child under age 18 Dependent filing requirements (Table 1-2), Do I Have To File a Return? Interest and dividends, Certain Children Under Age 19 or Full-Time Students Parents' election to report on Form 1040, Certain Children Under Age 19 or Full-Time Students, Investment income of child reported on parent's return. Irs 1040 x Kidnapped, Kidnapped child. Irs 1040 x , Kidnapped child. Irs 1040 x Net unearned income, figuring of, Step 1. Irs 1040 x Figuring the Child's Net Unearned Income (Form 8615, Part I) Nontaxable income, Nontaxable income. Irs 1040 x Property received as gift, income from, Income from property received as a gift. Irs 1040 x Signing return, parent for child, Spouse unable to sign. Irs 1040 x Standard deduction for, Introduction, Standard Deduction for Dependents Stillborn, Stillborn child. Irs 1040 x Support of (see Child support) Tax credit (see Child tax credit) Tentative tax figured at parent's tax rate, Step 2. Irs 1040 x Figuring Tentative Tax at the Parent's Tax Rate (Form 8615, Part II) Transporting school children, Transporting school children. Irs 1040 x Unearned income of, Tax on unearned income of certain children. Irs 1040 x Unearned income of certain children, Introduction Form 8615, use of (Figure 31-B), Parental information, providing of, Providing Parental Information (Form 8615, lines A–C) Parents' election to report on Form 1040, Parent's Election To Report Child's Interest and Dividends Trust income, Trust income. Irs 1040 x Unearned income defined, Unearned income defined. Irs 1040 x Chronic illness Accelerated payment of life insurance proceeds (see Accelerated death benefits) Long-term care (see Long-term care insurance contracts) Church employees Filing requirements (Table 1-3), Figuring tax. Irs 1040 x Churches, temples, etc. Irs 1040 x Charitable contributions to, Examples. Irs 1040 x , Table 24-1. Irs 1040 x Examples of Charitable Contributions—A Quick Check Convention delegates, deduction of unreimbursed expenses, Conventions. Irs 1040 x Citizen or resident test, Citizen or Resident Test Citizens outside U. Irs 1040 x S. Irs 1040 x Business travel outside U. Irs 1040 x S. Irs 1040 x , Travel Outside the United States, Travel Primarily for Business, Travel Primarily for Personal Reasons Self-employed persons, Exception 1 - No substantial control. Irs 1040 x Standard meal allowance, Standard meal allowance for areas outside the continental United States. Irs 1040 x Earned income exclusion, Reminders Employment (see Foreign employment) Extension of time to file, Individuals Outside the United States Filing requirements, U. Irs 1040 x S. Irs 1040 x Citizens and Resident Aliens Living Abroad Withholding from IRA distributions, IRA distributions delivered outside the United States. Irs 1040 x Civic associations Charitable contributions to, Contributions to Nonqualified Organizations Contributions to, no charitable deduction for, Table 24-1. Irs 1040 x Examples of Charitable Contributions—A Quick Check Civil defense organizations Charitable contributions to, Examples. Irs 1040 x Civil service retirement benefits, Civil service retirement benefits. Irs 1040 x Civil suits, Court awards and damages. Irs 1040 x (see also Damages from lawsuits) Civil tax penalties (see Penalties) Clergy, Ministers. Irs 1040 x Contributions that can be spent as individual wishes, not deductible charitable contribution, Contributions to Individuals Housing, Clergy Real estate taxes when receiving housing allowance, Ministers' and military housing allowances. Irs 1040 x , Ministers' and military housing allowance. Irs 1040 x Life insurance proceeds when chaplain died in line of duty, Public Safety Officer Killed in the Line of Duty Pensions, Pension. Irs 1040 x Special income rules, Clergy Clerical help, deductibility of, Clerical Help and Office Rent Clients, Meals and Incidental Expenses, Entertainment Expenses (see also Entertainment expenses) Business travel to meet, Transportation Expenses Travel expenses of, paying for, Business associate. Irs 1040 x Closing costs Real property transactions, Settlement costs. Irs 1040 x Sale of home, Settlement fees or closing costs. Irs 1040 x Clothing Military, Military uniforms. Irs 1040 x Moth damage, not casualty loss, Progressive deterioration. Irs 1040 x Uniforms Charitable organization requiring, deduction for cost and upkeep of, Uniforms. Irs 1040 x Used clothing, charitable deduction for fair market value, Used clothing and household items. Irs 1040 x work, Work Clothes and Uniforms Club dues and membership fees Entertainment expenses, Club dues and membership fees. Irs 1040 x Co-owners Dwelling unit used as home by co-owner, rental income and expense allocation, Shared equity financing agreement. Irs 1040 x Coal and iron ore, Coal and iron ore. Irs 1040 x Coins (see Collectibles) Collectibles As capital assets, Capital Assets and Noncapital Assets, Gold, silver, stamps, coins, gems, etc. Irs 1040 x Gains or losses from sale or trade of, Investment interest deducted. Irs 1040 x IRA investment in, Investment in Collectibles, Exception. Irs 1040 x College professor Research expenses, Research Expenses of a College Professor Colleges and universities Charitable contributions to, Examples. Irs 1040 x , Table 24-1. Irs 1040 x Examples of Charitable Contributions—A Quick Check Athletic events, amount deductible, Athletic events. Irs 1040 x Education costs, Qualified tuition programs (QTPs). Irs 1040 x (see also Qualified tuition programs) Employer-provided educational assistance, Qualified Education Expenses (see also Educational assistance) Combat zone Extension to file return, Individuals Serving in Combat Zone Signing return for spouse, Spouse in combat zone. Irs 1040 x Commission drivers Deduction of expenses, Statutory employees. Irs 1040 x Commissions, Supplemental Wages Advance, Advance commissions and other earnings. Irs 1040 x IRAs with brokers, Brokers' commissions. Irs 1040 x , Brokers' commissions. Irs 1040 x Property basis to include when buyer pays, Settlement costs. Irs 1040 x Sharing of (kickbacks), Kickbacks. Irs 1040 x Unearned, deduction for repayment of, Advance commissions and other earnings. Irs 1040 x Commodities Derivative financial instruments, Capital Assets and Noncapital Assets Common law marriage, Considered married. Irs 1040 x Communist organizations Charitable contributions to, Contributions to Nonqualified Organizations Community property, Community income. Irs 1040 x , Community property. Irs 1040 x Alimony, difference from, Payments not alimony. Irs 1040 x IRAs, Community property laws. Irs 1040 x Married filing separately, Community property states. Irs 1040 x Medical and dental expenses, Community property states. Irs 1040 x Commuting expenses, Commuting expenses. Irs 1040 x , Commuting Expenses Employer-provided commuter vehicle, Commuter highway vehicle. Irs 1040 x Compensation, Wages, Salaries, and Other Earnings (see also Wages and salaries) Defined for IRA purposes, What is compensation? Defined for Roth IRA purposes, Compensation. Irs 1040 x Employee, Employee Compensation Miscellaneous compensation, Miscellaneous Compensation Nonemployee, Nonemployee compensation. Irs 1040 x Unemployment, Unemployment compensation. Irs 1040 x Computation of tax, Computations Equal amounts, Equal amounts. Irs 1040 x Negative amounts, Negative amounts. Irs 1040 x Rounding off dollars, Rounding off dollars. Irs 1040 x Computer, Depreciation on Computers Condemnation of property, Home destroyed or condemned. Irs 1040 x , Condemnations. Irs 1040 x Basis computation, Involuntary Conversions Disaster areas, government-ordered demolition of unsafe home, Deductible losses. Irs 1040 x Period of ownership and use, Previous home destroyed or condemned. Irs 1040 x Confidential information Privacy Act and paperwork reduction information, Reminders Travel expenses and, Confidential information. Irs 1040 x Constructive receipt of income, Constructive receipt. Irs 1040 x , Payment to an agent. Irs 1040 x , Constructive receipt. Irs 1040 x Contributions, Gift To Reduce Debt Held by the Public, Campaign contributions. Irs 1040 x , Contributions, Table 24-1. Irs 1040 x Examples of Charitable Contributions—A Quick Check, Contributions to Nonqualified Organizations, How To Report (see also Campaign contributions) (see also Charitable contributions) Nontaxable combat pay, Nontaxable combat pay. Irs 1040 x Political, Political Contributions Reservist repayments, Qualified reservist repayments. Irs 1040 x Retirement (see specific type of plan ) Controlled corporations Nontaxable stock purchase of, Property for stock of a controlled corporation. Irs 1040 x Related party transactions, Losses on sales or trades of property. Irs 1040 x Convenience fees, Credit or Debit Card Convenience Fees Conventions Delegates Deduction of unreimbursed expenses, Conventions. Irs 1040 x Travel expenses, Conventions Travel expenses, Conventions Work-related education, deduction of travel expenses for overseas conventions, Cruises and conventions. Irs 1040 x Conversion (see specific retirement or IRA plan ) Convertible stocks and bonds, Convertible stocks and bonds. Irs 1040 x Cooperative housing Dwelling unit used as home, Introduction Mortgage interest statements, Form 1098, Mortgage Interest Statement Real estate taxes, deduction of, Tenant-shareholders in a cooperative housing corporation. Irs 1040 x Sale or trade of Form 1099-S to report, Form 1099-S transactions. Irs 1040 x Period of ownership and use, Cooperative apartment. Irs 1040 x Cooperatives Patronage dividends, Patronage dividends. Irs 1040 x Copyrights, Capital Assets and Noncapital Assets Infringement damages, Court awards and damages. Irs 1040 x Royalties, Royalties Corporations, S Corporation Income (see also S corporations) Controlled corporations, Property for stock of a controlled corporation. Irs 1040 x , Losses on sales or trades of property. Irs 1040 x Director fees as self-employment income, Corporate director. Irs 1040 x Reorganizations and nontaxable trade of stock, Corporate reorganizations. Irs 1040 x Corrections (see Errors) Cosmetic surgery Not deductible as medical expense, Table 21-1. Irs 1040 x Medical and Dental Expenses Checklist. Irs 1040 x See Publication 502 for more information about these and other expenses. Irs 1040 x Cosmetics Not deductible as medical expense, Table 21-1. Irs 1040 x Medical and Dental Expenses Checklist. Irs 1040 x See Publication 502 for more information about these and other expenses. Irs 1040 x Cost basis, Useful Items - You may want to see: IRAs for nondeductible contributions, Cost basis. Irs 1040 x , Partly taxable. Irs 1040 x Cost-of-living allowances, Government cost-of-living allowances. Irs 1040 x Country clubs Charitable contributions to, Contributions to Nonqualified Organizations Dues Charitable deduction not allowed, Table 24-1. Irs 1040 x Examples of Charitable Contributions—A Quick Check, Membership fees or dues. Irs 1040 x Entertainment expense deduction not allowed, Club dues and membership fees. Irs 1040 x Coupon bonds, Coupon bonds. Irs 1040 x Court awards and damages (see Damages from lawsuits) Cousin, Cousin. Irs 1040 x Coverdell ESAs Additional tax on, Other taxes. Irs 1040 x CPAs (see Accountants) Credit cards Annual fees, not deductible, Items You Cannot Deduct Benefits, taxability of insurance, Credit card insurance. Irs 1040 x Charitable contributions charged to, Credit card. Irs 1040 x Finance charges, not deductible, Personal Interest Payment of taxes, Reminders Credit for child and dependent care expenses, Credit for child and dependent care expenses. Irs 1040 x , Credit for child and dependent care expenses. Irs 1040 x Credit for prior year minimum tax Nonrefundable, Nonrefundable Credit for Prior Year Minimum Tax Credit for the elderly or the disabled, Credit for the elderly or the disabled. Irs 1040 x , Credit for the elderly or the disabled. Irs 1040 x Credit or debit cards Payment of taxes, E-file and pay by credit or debit card or by direct transfer from your bank account. Irs 1040 x Credit reports Costs not included in property basis, Settlement costs. Irs 1040 x Fees for, not deductible, Items You Cannot Deduct Credit to holders of tax credit bonds, Credit to Holders of Tax Credit Bonds Credits, Credits. Irs 1040 x , Earned income credit. Irs 1040 x , Credit for child and dependent care expenses. Irs 1040 x , Credit for the elderly or the disabled. Irs 1040 x , Earned income credit. Irs 1040 x , Credit for child and dependent care expenses. Irs 1040 x , Credit for the elderly or the disabled. Irs 1040 x , Earned income credit. Irs 1040 x Alternative motor vehicle, Alternative Motor Vehicle Credit American opportunity, Special Rules Build America bonds (see Credit to holders of tax credit bonds) Capital gains, undistributed, credit for tax on, Undistributed capital gains of mutual funds and REITs. Irs 1040 x , Credit for Tax on Undistributed Capital Gain Child and dependent care, Child and Dependent Care Credit (see Child and dependent care credit) Child tax (see Child tax credit) Clean renewable energy bonds (see Credit to holders of tax credit bonds) Earned income, Earned Income Credit (EIC) (see Earned income credit) Elderly or the disabled, Credit for the Elderly or the Disabled Excess withholding, Credit for Excess Social Security Tax or Railroad Retirement Tax Withheld Foreign tax, Foreign Tax Credit Health coverage, Health Coverage Tax Credit Lifetime learning (see Lifetime learning credit) Mortgage interest, Mortgage Interest Credit Nonrefundable credits, Nonrefundable Credits Plug-in electric drive motor vehicle, Plug-in Electric Drive Motor Vehicle Credit Prior year minimum tax (AMT), nonrefundable, Nonrefundable Credit for Prior Year Minimum Tax Qualified energy conservation bonds (see Credit to holders of tax credit bonds) Qualified school construction bonds (see Credit to holders of tax credit bonds) Qualified zone academy bonds (see Credit to holders of tax credit bonds) Refundable credits, Refundable Credits Residential energy, Residential Energy Credits Retirement savings contribution, Retirement Savings Contributions Credit (Saver's Credit) Cremation Not deductible as medical expense, Table 21-1. Irs 1040 x Medical and Dental Expenses Checklist. Irs 1040 x See Publication 502 for more information about these and other expenses. Irs 1040 x Criminal prosecutions Travel expenses for federal staff, Exception for federal crime investigations or prosecutions. Irs 1040 x Cruises Travel expenses when incidental business activities, Trip Primarily for Personal Reasons Work-related education, deduction of expenses, Cruises and conventions. Irs 1040 x Custodial fees, Investment Fees and Expenses Custody of child, Custodial parent and noncustodial parent. Irs 1040 x Customers, Meals and Incidental Expenses, Entertainment Expenses (see also Entertainment expenses) Business travel to meet, Transportation Expenses Travel expenses of, paying for, Business associate. Irs 1040 x D Daily allowance (see Per diem) Damage to property, Nonbusiness Casualty and Theft Losses (see also Casualty losses) Disasters, Employer's emergency disaster fund. Irs 1040 x , Disaster relief. Irs 1040 x (see also Disaster relief) Damages, Damages for Breach of Employment Contract Damages from lawsuits, Court awards and damages. Irs 1040 x Medical expenses as part of settlement, Damages for Personal Injuries Dating your return, Signatures Daycare centers, You can use Form 1040A if all of the following apply. Irs 1040 x , Childcare providers. Irs 1040 x , Care outside your home. Irs 1040 x (see also Child and dependent care credit) (see also Child care) De minimis benefits, De Minimis (Minimal) Benefits Deadlines (see Due dates) Death (see Decedents) Death benefits Accelerated, Accelerated Death Benefits, Exclusion for terminal illness. Irs 1040 x Life insurance proceeds (see Life insurance) Public safety officers who died or were killed in line of duty, tax exclusion, Public Safety Officer Killed in the Line of Duty Death of child, Death or birth of child. Irs 1040 x Death of dependent, Death or birth. Irs 1040 x Debt instruments (see Bonds or Notes) Debts, Exceptions for special types of refunds. Irs 1040 x , Recoveries (see also Bad debts) Canceled (see Cancellation of debt) Nonrecourse, Mortgage relief upon sale or other disposition. Irs 1040 x Paid by another, Debts paid for you. Irs 1040 x Payoff of debt included in sales transaction, Debt paid off. Irs 1040 x Public, gifts to reduce, Gift To Reduce Debt Held by the Public Recourse, Mortgage relief upon sale or other disposition. Irs 1040 x Refund offset against, Refunds. Irs 1040 x , Offset against debts. Irs 1040 x Deceased taxpayers (see Decedents) Decedents, Surviving Spouses, Executors, Administrators, and Legal Representatives (see also Executors and administrators) Capital loss of, Decedent's capital loss. Irs 1040 x Deceased spouse, Surviving Spouses, Executors, Administrators, and Legal Representatives Personal exemption, Death of spouse. Irs 1040 x Due dates, Filing for a decedent. Irs 1040 x Filing requirements, Surviving Spouses, Executors, Administrators, and Legal Representatives Funeral expenses, Contributions to Individuals Medical and dental expenses, Decedent Savings bonds, Decedents. Irs 1040 x Spouse's death, Spouse died during the year. Irs 1040 x , Spouse died. Irs 1040 x Standard deduction, Decedent's final return. Irs 1040 x Transfer of property at death, Other property transactions. Irs 1040 x Declaration of rights of taxpayers IRS request for information, Reminders Deduction Costs of discrimination suits, Deduction for costs involved in unlawful discrimination suits. Irs 1040 x Deductions, Special Rules, Personal Exemptions and Dependents, Your Own Exemption, Recoveries, Nonbusiness Bad Debts, How to report bad debts. Irs 1040 x , Capital Losses , Introduction, Standard Deduction, Points, Treatment by buyer. Irs 1040 x , Meals and Incidental Expenses, Entertainment Expenses (see also Bad debts) (see also Capital losses) (see also Entertainment expenses) (see also Personal exemption) (see also Points) (see also Recovery of amounts previously deducted) (see also Standard deduction) Alimony, deductible by payer, How To Deduct Alimony Paid Casualty losses, Casualty and Theft Losses of Income-Producing Property (see Capital losses) Changing claim after filing, need to amend, Amended Returns and Claims for Refund Charitable contributions, Contributions, How To Report (see also Charitable contributions) Dental expenses (see Medical and dental expenses) Depreciation, Depreciation and section 179 deduction. Irs 1040 x Educator expenses, Educator Expenses Estate, Excess Deductions of an Estate Fee-basis government officials, Special Rules Impairment-related work expenses, Impairment-Related Work Expenses, Impairment-related work expenses of disabled employees. Irs 1040 x Interest (see Interest payments) Investment expenses, Investment expenses. Irs 1040 x IRA contributions (see Individual retirement arrangements (IRAs)) Itemizing (see Itemized deductions) Long-term care insurance contracts, Table 21-1. Irs 1040 x Medical and Dental Expenses Checklist. Irs 1040 x See Publication 502 for more information about these and other expenses. Irs 1040 x Medical expenses (see Medical and dental expenses) Mortgage interest, Hardest Hit Fund and Emergency Homeowners' Loan Programs. Irs 1040 x (see Mortgages) Not itemizing, use of Form 1040A, You can use Form 1040A if all of the following apply. Irs 1040 x Pass-through entities, Indirect Deductions of Pass-Through Entities Penalties, no deduction permitted, Penalties. Irs 1040 x Performing artists' expenses, Expenses of certain performing artists. Irs 1040 x Prepaid insurance premiums, Prepaid insurance premiums. Irs 1040 x Prescription medicines, Table 21-1. Irs 1040 x Medical and Dental Expenses Checklist. Irs 1040 x See Publication 502 for more information about these and other expenses. Irs 1040 x Rental expenses, When to deduct. Irs 1040 x Repayments, Repayments Section 179 deductions Adjustment to basis for, Depreciation and section 179 deduction. Irs 1040 x Car expenses, Depreciation and section 179 deductions. Irs 1040 x Self-employed persons Health insurance premiums, Health Insurance Costs for Self-Employed Persons Social security and railroad retirement benefits, Deductions Related to Your Benefits Standard deduction, Standard Deduction, Married persons who filed separate returns. Irs 1040 x Stop-smoking programs, Table 21-1. Irs 1040 x Medical and Dental Expenses Checklist. Irs 1040 x See Publication 502 for more information about these and other expenses. Irs 1040 x Student loan interest deduction (see Student loans) Theft loss, Casualty and Theft Losses of Income-Producing Property Transportation expenses (see Travel and transportation expenses) Union dues (see Labor unions) Work-related education, What Expenses Can Be Deducted Deeds Preparation costs for, Amounts charged for services. Irs 1040 x Recording fees, basis to include, Real estate taxes. Irs 1040 x Deferred annuity contracts (see Annuities) Deferred compensation Limit, Elective deferrals. Irs 1040 x Nonqualified plans, Nonqualified deferred compensation plans. Irs 1040 x Deferred compensation plans (see Retirement plans) Delinquent taxes Real estate transactions, tax allocation, Real estate taxes for prior years. Irs 1040 x Delivery services, Private delivery services. Irs 1040 x Business-related travel expense, Table 26-1. Irs 1040 x Travel Expenses You Can Deduct This chart summarizes expenses you can deduct when you travel away from home for business purposes. Irs 1040 x Demutualization of life insurance companies, Demutualization of life insurance companies. Irs 1040 x Dental expenses (see Medical and dental expenses) Dentures Deductibility as medical expense, Table 21-1. Irs 1040 x Medical and Dental Expenses Checklist. Irs 1040 x See Publication 502 for more information about these and other expenses. Irs 1040 x Dependent care Benefits, Dependent care benefits. Irs 1040 x , Dependent Care Benefits Center, Dependent care center. Irs 1040 x Credit for, Child and Dependent Care Credit Dependent taxpayer test, Dependent Taxpayer Test Dependents, Who Should File, You can use Form 1040A if all of the following apply. Irs 1040 x , Exception for adopted child. Irs 1040 x , Filers who have certain child dependents with an Individual Taxpayer Identification Number (ITIN). Irs 1040 x (see also Child tax credit) Birth of, Death or birth. Irs 1040 x Born and died within year, Exception. Irs 1040 x , Born and died in 2013. Irs 1040 x Death of, Death or birth. Irs 1040 x Deceased dependent's medical and dental expenses, What if you pay medical expenses of a deceased spouse or dependent? Disabled dependent care expenses, deduction for, Disabled Dependent Care Expenses Exemption for, Exemptions for Dependents Filing requirements, Child's earnings. Irs 1040 x Earned income, unearned income, and gross income levels (Table 1-2), Do I Have To File a Return? Married, filing joint return, Joint Return Test, Joint Return Test (To Be a Qualifying Child) Medical and dental expenses, Dependent Qualifying child, Qualifying Child, Qualifying Child Qualifying relative, Qualifying Relative, Qualifying Child Social security number, Dependent's SSN. Irs 1040 x Adoption taxpayer identification number, Adoption taxpayer identification number (ATIN). Irs 1040 x , Taxpayer identification numbers for aliens. Irs 1040 x Alien dependents, Born and died in 2013. Irs 1040 x Standard deduction for, Standard Deduction for Dependents Travel expenses for, Travel expenses for another individual. Irs 1040 x Tuition deduction for, Who Can Claim a Dependent's Expenses Dependents not allowed to claim dependents, Dependent Taxpayer Test Depletion allowance, Depletion. Irs 1040 x Deposits, Fees and deposits. Irs 1040 x Loss on, Loss on Deposits Losses on, Deposit in Insolvent or Bankrupt Financial Institution, Loss on Deposits Reporting of, Loss on deposits. Irs 1040 x Depreciation Adjustment to basis for, Depreciation and section 179 deduction. Irs 1040 x Cars, Depreciation and section 179 deductions. Irs 1040 x Change of use of property, Basis for depreciation. Irs 1040 x Computer, Depreciation on Computers Correcting amount claimed, Claiming the correct amount of depreciation. Irs 1040 x Form 4562 Rental property depreciation, Depreciation Home computer, Depreciation on Home Computer Property used in trade or business, as noncapital assets, Capital Assets and Noncapital Assets Real property Gain from disposition of property, Depreciation after May 6, 1997. Irs 1040 x Land, no depreciation of, Land. Irs 1040 x Rental property, Depreciation. Irs 1040 x , Depreciation Designated Roth Account Defined. Irs 1040 x , Designated Roth accounts. Irs 1040 x Designated Roth account, Designated Roth accounts. Irs 1040 x , Designated Roth accounts. Irs 1040 x Destroyed records, Destroyed records. Irs 1040 x Diaper service, Table 21-1. Irs 1040 x Medical and Dental Expenses Checklist. Irs 1040 x See Publication 502 for more information about these and other expenses. Irs 1040 x Differential wage payments, Differential wage payments. Irs 1040 x Differential wages Wages for reservists Military reserves, Differential wage payments. Irs 1040 x Direct deposit of refunds, Refunds Directors' fees, Corporate director. Irs 1040 x Disabilities, persons with, Qualifying Person Test, Physically or mentally not able to care for oneself. Irs 1040 x , Credit for the Elderly or the Disabled (see also Elderly or the disabled) Accrued leave payment, Accrued leave payment. Irs 1040 x Armed forces, Disability. Irs 1040 x Blind (see Blind persons) Cafeteria plans, Cafeteria plans. Irs 1040 x Credit for (see Elderly or disabled, credit for) Dependent who is disabled, deduction for care expenses, Disabled Dependent Care Expenses Guide dogs, deductible as medical expense, Table 21-1. Irs 1040 x Medical and Dental Expenses Checklist. Irs 1040 x See Publication 502 for more information about these and other expenses. Irs 1040 x Impairment-related work expenses of, Impairment-Related Work Expenses, Impairment-related work expenses of disabled employees. Irs 1040 x Work-related education, Impairment-Related Work Expenses Insurance costs, Cost paid by you. Irs 1040 x Military and government pensions, Military and Government Disability Pensions Public assistance benefits, Persons with disabilities. Irs 1040 x Reporting of disability pension income, Disability Pensions Retirement, pensions, and profit-sharing plans, Sickness and Injury Benefits, Retirement and profit-sharing plans. Irs 1040 x Signing of return by court-appointed representative, Court-appointed, conservator, or other fiduciary. Irs 1040 x Social security and railroad retirement benefits, deductions for, Disability payments. Irs 1040 x Special school or home for, deductibility of medical expense, Table 21-1. Irs 1040 x Medical and Dental Expenses Checklist. Irs 1040 x See Publication 502 for more information about these and other expenses. Irs 1040 x Terrorist attack as cause of injury, disability payments excluded from taxation, Disability pensions. Irs 1040 x Workers' compensation, Workers' Compensation Disability Income, Disability income. Irs 1040 x Disability benefits Earned income credit, Form 4029. Irs 1040 x Disability insurance payments Earned income credit, Disability insurance payments. Irs 1040 x Disability, permanent and total disability, Permanent and total disability. Irs 1040 x Disabled Child, Permanently and totally disabled. Irs 1040 x Dependent, Disabled dependent working at sheltered workshop. Irs 1040 x Disaster Assistance Act of 1988 Withholding, Federal Payments Disaster relief, Terrorist attack or military action. Irs 1040 x , Disaster relief payments. Irs 1040 x , Disaster relief. Irs 1040 x (see also Terrorist attacks) Cash gifts to victims, Cash gifts. Irs 1040 x Disaster Relief and Emergency Assistance Act Grants, Disaster relief grants. Irs 1040 x Unemployment assistance, Types of unemployment compensation. Irs 1040 x Employer's emergency disaster fund, Employer's emergency disaster fund. Irs 1040 x Government-ordered demolition or relocation of home that is unsafe due to, Deductible losses. Irs 1040 x Grants or payments, Disaster relief grants. Irs 1040 x Replacement of lost or destroyed property, Disaster relief. Irs 1040 x Discharge of qualified principal residence indebtedness, Discharges of qualified principal residence indebtedness. Irs 1040 x , Adjusted Basis Disclosure statement, Disclosure statement. Irs 1040 x Discount, bonds and notes issued at, Original Issue Discount (OID) Discounted debt instruments Capital gain or loss, Discounted Debt Instruments Discounts Employee discounts, effect on basis, Bargain purchases. Irs 1040 x Distributions, Eligible rollover distributions. Irs 1040 x (see also Rollovers) Early (see Early withdrawal from deferred interest account) Liquidating distributions, Liquidating Distributions Lump sum (see Lump-sum distributions) Nondividend distributions, Nondividend Distributions Qualified charitable, Qualified charitable distributions (QCD). Irs 1040 x Qualified reservist, Qualified reservist distributions. Irs 1040 x Required minimum distributions, Required distributions. Irs 1040 x , Required distributions. Irs 1040 x , When Must You Withdraw IRA Assets? (Required Minimum Distributions) (see also Individual retirement arrangements (IRAs)) (see also Pensions) Return of capital, Nondividend Distributions District of Columbia First-time homebuyer credit, Decreases to basis. Irs 1040 x Dividends, Dividends and Other Distributions, Form 1099-DIV. Irs 1040 x , More information. Irs 1040 x (see also Form 1099-DIV) Alaska Permanent Fund (see Alaska Permanent Fund dividends) As stock dividends and stock rights, Distributions of Stock and Stock Rights Backup withholding, Backup withholding. Irs 1040 x Beneficiary of estate or trust receiving, Beneficiary of an estate or trust. Irs 1040 x Buying more stock with, Dividends Used to Buy More Stock Defined, Introduction Exempt-interest dividends, Other Distributions Expenses related to, deduction of, Expenses related to dividend income. Irs 1040 x Fees to collect, Fees to Collect Interest and Dividends Foreign income, Reminder Holding period, determination of, Stock dividends. Irs 1040 x Insurance dividends, Dividends on insurance policies. Irs 1040 x Money market funds, Money Market Funds Nominees receiving on behalf of another, Nominees. Irs 1040 x Nondividend distributions, Nondividend Distributions Ordinary dividends, Ordinary Dividends Patronage dividends, Patronage dividends. Irs 1040 x Qualified, Qualified Dividends, Qualified dividends. Irs 1040 x Real estate investment trusts (REITs) paying, Capital Gain Distributions Redemption treated as, Dividend versus sale or trade. Irs 1040 x Reinvestment plans, Dividends Used to Buy More Stock Reporting of, How To Report Dividend Income As interest, Introduction Scrip dividends, Scrip dividends. Irs 1040 x Sold stock, Dividends on stock sold. Irs 1040 x Stockholder debts when canceled as, Stockholder debt. Irs 1040 x Veterans' insurance, Dividends on veterans' insurance. Irs 1040 x Divorced parents, Children of divorced or separated parents (or parents who live apart). Irs 1040 x , Applying this special rule to divorced or separated parents (or parents who live apart). Irs 1040 x Divorced taxpayers, Alimony. Irs 1040 x (see also Alimony) Child and dependent care credit, Child of divorced or separated parents or parents living apart. Irs 1040 x Child custody, Custodial parent and noncustodial parent. Irs 1040 x Definition of divorce instrument for purposes of alimony, Divorce or separation instrument. Irs 1040 x Estimated tax payments, Divorced Taxpayers Filing status, Divorced persons. Irs 1040 x , Divorced persons. Irs 1040 x IRAs, Kay Bailey Hutchison Spousal IRA. Irs 1040 x , Transfers Incident to Divorce Medical and dental expenses of children of, Child of divorced or separated parents. Irs 1040 x Mortgage interest, payment as alimony, Divorced or separated individuals. Irs 1040 x Personal exemption, Divorced or separated spouse. Irs 1040 x Real estate taxes, allocation of, Divorced individuals. Irs 1040 x Transfers between spouses, Property Transferred From a Spouse, Transfers Between Spouses Use of home after divorce, Use of home after divorce. Irs 1040 x Doctors' bills (see Medical and dental expenses) Documentary evidence Recordkeeping requirements, Documentary evidence. Irs 1040 x Domestic help Withholding, Household workers. Irs 1040 x Domestic help, no exemption for, Housekeepers, maids, or servants. Irs 1040 x