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Irs 1040x 2010

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Irs 1040x 2010

Irs 1040x 2010 13. Irs 1040x 2010   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 1040x 2010 It is divided into the following sections. Irs 1040x 2010 Cost basis. Irs 1040x 2010 Adjusted basis. Irs 1040x 2010 Basis other than cost. Irs 1040x 2010 Your basis is the amount of your investment in property for tax purposes. Irs 1040x 2010 Use the basis to figure gain or loss on the sale, exchange, or other disposition of property. Irs 1040x 2010 Also use it to figure deductions for depreciation, amortization, depletion, and casualty losses. Irs 1040x 2010 If you use property for both business or investment purposes and for personal purposes, you must allocate the basis based on the use. Irs 1040x 2010 Only the basis allocated to the business or investment use of the property can be depreciated. Irs 1040x 2010 Your original basis in property is adjusted (increased or decreased) by certain events. Irs 1040x 2010 For example, if you make improvements to the property, increase your basis. Irs 1040x 2010 If you take deductions for depreciation or casualty losses, or claim certain credits, reduce your basis. Irs 1040x 2010 Keep accurate records of all items that affect the basis of your property. Irs 1040x 2010 For more information on keeping records, see chapter 1. Irs 1040x 2010 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 1040x 2010 The cost is the amount you pay in cash, debt obligations, other property, or services. Irs 1040x 2010 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 1040x 2010 In addition, the basis of real estate and business assets may include other items. Irs 1040x 2010 Loans with low or no interest. Irs 1040x 2010    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 1040x 2010 You generally have unstated interest if your interest rate is less than the applicable federal rate. Irs 1040x 2010   For more information, see Unstated Interest and Original Issue Discount (OID) in Publication 537. Irs 1040x 2010 Real Property Real property, also called real estate, is land and generally anything built on, growing on, or attached to land. Irs 1040x 2010 If you buy real property, certain fees and other expenses you pay are part of your cost basis in the property. Irs 1040x 2010 Lump sum purchase. Irs 1040x 2010   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 1040x 2010 Allocate the cost basis according to the respective fair market values (FMVs) of the land and buildings at the time of purchase. Irs 1040x 2010 Figure the basis of each asset by multiplying the lump sum by a fraction. Irs 1040x 2010 The numerator is the FMV of that asset and the denominator is the FMV of the whole property at the time of purchase. Irs 1040x 2010    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 1040x 2010 Fair market value (FMV). Irs 1040x 2010   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 1040x 2010 Sales of similar property on or about the same date may be helpful in figuring the FMV of the property. Irs 1040x 2010 Assumption of mortgage. Irs 1040x 2010   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 1040x 2010 Settlement costs. Irs 1040x 2010   Your basis includes the settlement fees and closing costs you paid for buying the property. Irs 1040x 2010 (A fee for buying property is a cost that must be paid even if you buy the property for cash. Irs 1040x 2010 ) Do not include fees and costs for getting a loan on the property in your basis. Irs 1040x 2010   The following are some of the settlement fees or closing costs you can include in the basis of your property. Irs 1040x 2010 Abstract fees (abstract of title fees). Irs 1040x 2010 Charges for installing utility services. Irs 1040x 2010 Legal fees (including fees for the title search and preparation of the sales contract and deed). Irs 1040x 2010 Recording fees. Irs 1040x 2010 Survey fees. Irs 1040x 2010 Transfer taxes. Irs 1040x 2010 Owner's title insurance. Irs 1040x 2010 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 1040x 2010   Settlement costs do not include amounts placed in escrow for the future payment of items such as taxes and insurance. Irs 1040x 2010   The following are some of the settlement fees and closing costs you cannot include in the basis of property. Irs 1040x 2010 Casualty insurance premiums. Irs 1040x 2010 Rent for occupancy of the property before closing. Irs 1040x 2010 Charges for utilities or other services related to occupancy of the property before closing. Irs 1040x 2010 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 1040x 2010 Fees for refinancing a mortgage. Irs 1040x 2010 Real estate taxes. Irs 1040x 2010   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 1040x 2010 You cannot deduct them as an expense. Irs 1040x 2010    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 1040x 2010 Do not include that amount in the basis of your property. Irs 1040x 2010 If you did not reimburse the seller, you must reduce your basis by the amount of those taxes. Irs 1040x 2010 Points. Irs 1040x 2010   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 1040x 2010 Generally, you deduct the points over the term of the loan. Irs 1040x 2010 For more information on how to deduct points, see chapter 23. Irs 1040x 2010 Points on home mortgage. Irs 1040x 2010   Special rules may apply to points you and the seller pay when you get a mortgage to buy your main home. Irs 1040x 2010 If certain requirements are met, you can deduct the points in full for the year in which they are paid. Irs 1040x 2010 Reduce the basis of your home by any seller-paid points. Irs 1040x 2010 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 1040x 2010 The result is the adjusted basis. Irs 1040x 2010 Increases to Basis Increase the basis of any property by all items properly added to a capital account. Irs 1040x 2010 Examples of items that increase basis are shown in Table 13-1. Irs 1040x 2010 These include the items discussed below. Irs 1040x 2010 Improvements. Irs 1040x 2010   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 1040x 2010 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 1040x 2010 Assessments for local improvements. Irs 1040x 2010   Add to the basis of property assessments for improvements such as streets and sidewalks if they increase the value of the property assessed. Irs 1040x 2010 Do not deduct them as taxes. Irs 1040x 2010 However, you can deduct as taxes assessments for maintenance or repairs, or for meeting interest charges related to the improvements. Irs 1040x 2010 Example. Irs 1040x 2010 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 1040x 2010 Add the assessment to your property's basis. Irs 1040x 2010 In this example, the assessment is a depreciable asset. Irs 1040x 2010 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 1040x 2010 Examples of items that decrease basis are shown in Table 13-1. Irs 1040x 2010 These include the items discussed below. Irs 1040x 2010 Table 13-1. Irs 1040x 2010 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 1040x 2010   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 1040x 2010    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 1040x 2010   For more information on casualty and theft losses, see chapter 25. Irs 1040x 2010 Depreciation and section 179 deduction. Irs 1040x 2010   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 1040x 2010   For more information about depreciation and the section 179 deduction, see Publication 946 and the Instructions for Form 4562. Irs 1040x 2010 Example. Irs 1040x 2010 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 1040x 2010 You added an improvement to the duplex that cost $10,000. Irs 1040x 2010 In February last year, the duplex was damaged by fire. Irs 1040x 2010 Up to that time, you had been allowed depreciation of $23,000. Irs 1040x 2010 You sold some salvaged material for $1,300 and collected $19,700 from your insurance company. Irs 1040x 2010 You deducted a casualty loss of $1,000 on your income tax return for last year. Irs 1040x 2010 You spent $19,000 of the insurance proceeds for restoration of the duplex, which was completed this year. Irs 1040x 2010 You must use the duplex's adjusted basis after the restoration to determine depreciation for the rest of the property's recovery period. Irs 1040x 2010 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 1040x 2010 Your basis in the land is its original cost of $5,000. Irs 1040x 2010 Easements. Irs 1040x 2010   The amount you receive for granting an easement is generally considered to be proceeds from the sale of an interest in real property. Irs 1040x 2010 It reduces the basis of the affected part of the property. Irs 1040x 2010 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 1040x 2010   If the gain is on a capital asset, see chapter 16 for information about how to report it. Irs 1040x 2010 If the gain is on property used in a trade or business, see Publication 544 for information about how to report it. Irs 1040x 2010 Exclusion of subsidies for energy conservation measures. Irs 1040x 2010   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 1040x 2010 Reduce the basis of the property for which you received the subsidy by the excluded amount. Irs 1040x 2010 For more information about this subsidy, see chapter 12. Irs 1040x 2010 Postponed gain from sale of home. Irs 1040x 2010    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 1040x 2010 For more information on the rules for the sale of a home, see chapter 15. Irs 1040x 2010 Basis Other Than Cost There are many times when you cannot use cost as basis. Irs 1040x 2010 In these cases, the fair market value or the adjusted basis of the property can be used. Irs 1040x 2010 Fair market value (FMV) and adjusted basis were discussed earlier. Irs 1040x 2010 Property Received for Services If you receive property for your services, include the FMV of the property in income. Irs 1040x 2010 The amount you include in income becomes your basis. Irs 1040x 2010 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 1040x 2010 Restricted property. Irs 1040x 2010   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 1040x 2010 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 1040x 2010 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 1040x 2010 For more information, see Restricted Property in Publication 525. Irs 1040x 2010 Bargain purchases. Irs 1040x 2010   A bargain purchase is a purchase of an item for less than its FMV. Irs 1040x 2010 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 1040x 2010 Your basis in the property is its FMV (your purchase price plus the amount you include in income). Irs 1040x 2010   If the difference between your purchase price and the FMV is a qualified employee discount, do not include the difference in income. Irs 1040x 2010 However, your basis in the property is still its FMV. Irs 1040x 2010 See Employee Discounts in Publication 15-B. Irs 1040x 2010 Taxable Exchanges A taxable exchange is one in which the gain is taxable or the loss is deductible. Irs 1040x 2010 A taxable gain or deductible loss also is known as a recognized gain or loss. Irs 1040x 2010 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 1040x 2010 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 1040x 2010 Similar or related property. Irs 1040x 2010   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 1040x 2010 Decrease the basis by the following. Irs 1040x 2010 Any loss you recognize on the involuntary conversion. Irs 1040x 2010 Any money you receive that you do not spend on similar property. Irs 1040x 2010 Increase the basis by the following. Irs 1040x 2010 Any gain you recognize on the involuntary conversion. Irs 1040x 2010 Any cost of acquiring the replacement property. Irs 1040x 2010 Money or property not similar or related. Irs 1040x 2010    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 1040x 2010 Example. Irs 1040x 2010 The state condemned your property. Irs 1040x 2010 The adjusted basis of the property was $26,000 and the state paid you $31,000 for it. Irs 1040x 2010 You realized a gain of $5,000 ($31,000 − $26,000). Irs 1040x 2010 You bought replacement property similar in use to the converted property for $29,000. Irs 1040x 2010 You recognize a gain of $2,000 ($31,000 − $29,000), the unspent part of the payment from the state. Irs 1040x 2010 Your unrecognized gain is $3,000, the difference between the $5,000 realized gain and the $2,000 recognized gain. Irs 1040x 2010 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 1040x 2010   If you buy more than one piece of replacement property, allocate your basis among the properties based on their respective costs. Irs 1040x 2010 Basis for depreciation. Irs 1040x 2010   Special rules apply in determining and depreciating the basis of MACRS property acquired in an involuntary conversion. Irs 1040x 2010 For information, see What Is the Basis of Your Depreciable Property? in chapter 1 of Publication 946. Irs 1040x 2010 Nontaxable Exchanges A nontaxable exchange is an exchange in which you are not taxed on any gain and you cannot deduct any loss. Irs 1040x 2010 If you receive property in a nontaxable exchange, its basis is generally the same as the basis of the property you transferred. Irs 1040x 2010 See Nontaxable Trades in chapter 14. Irs 1040x 2010 Like-Kind Exchanges The exchange of property for the same kind of property is the most common type of nontaxable exchange. Irs 1040x 2010 To qualify as a like-kind exchange, the property traded and the property received must be both of the following. Irs 1040x 2010 Qualifying property. Irs 1040x 2010 Like-kind property. Irs 1040x 2010 The basis of the property you receive is generally the same as the adjusted basis of the property you gave up. Irs 1040x 2010 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 1040x 2010 Qualifying property. Irs 1040x 2010   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 1040x 2010 Like-kind property. Irs 1040x 2010   There must be an exchange of like-kind property. Irs 1040x 2010 Like-kind properties are properties of the same nature or character, even if they differ in grade or quality. Irs 1040x 2010 The exchange of real estate for real estate and personal property for similar personal property are exchanges of like-kind property. Irs 1040x 2010 Example. Irs 1040x 2010 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 1040x 2010 The dealer allows you $2,000 on the old truck, and you pay $4,800. Irs 1040x 2010 This is a like-kind exchange. Irs 1040x 2010 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 1040x 2010 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 1040x 2010 The basis of the new truck is the price you pay the dealer. Irs 1040x 2010 Partially nontaxable exchanges. Irs 1040x 2010   A partially nontaxable exchange is an exchange in which you receive unlike property or money in addition to like-kind property. Irs 1040x 2010 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 1040x 2010 Decrease the basis by the following amounts. Irs 1040x 2010 Any money you receive. Irs 1040x 2010 Any loss you recognize on the exchange. Irs 1040x 2010 Increase the basis by the following amounts. Irs 1040x 2010 Any additional costs you incur. Irs 1040x 2010 Any gain you recognize on the exchange. Irs 1040x 2010 If the other party to the exchange assumes your liabilities, treat the debt assumption as money you received in the exchange. Irs 1040x 2010 Allocation of basis. Irs 1040x 2010   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 1040x 2010 The rest is the basis of the like-kind property. Irs 1040x 2010 More information. Irs 1040x 2010   See Like-Kind Exchanges in chapter 1 of Publication 544 for more information. Irs 1040x 2010 Basis for depreciation. Irs 1040x 2010   Special rules apply in determining and depreciating the basis of MACRS property acquired in a like-kind exchange. Irs 1040x 2010 For information, see What Is the Basis of Your Depreciable Property? in chapter 1 of Publication 946. Irs 1040x 2010 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 1040x 2010 The same rule applies to a transfer by your former spouse that is incident to divorce. Irs 1040x 2010 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 1040x 2010 If the property transferred to you is a series E, series EE, or series I U. Irs 1040x 2010 S. Irs 1040x 2010 savings bond, the transferor must include in income the interest accrued to the date of transfer. Irs 1040x 2010 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 1040x 2010 For more information on these bonds, see chapter 7. Irs 1040x 2010 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 1040x 2010 For more information about the transfer of property from a spouse, see chapter 14. Irs 1040x 2010 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 1040x 2010 FMV less than donor's adjusted basis. Irs 1040x 2010   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 1040x 2010 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 1040x 2010 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 1040x 2010 See Adjusted Basis , earlier. Irs 1040x 2010 Example. Irs 1040x 2010 You received an acre of land as a gift. Irs 1040x 2010 At the time of the gift, the land had an FMV of $8,000. Irs 1040x 2010 The donor's adjusted basis was $10,000. Irs 1040x 2010 After you received the property, no events occurred to increase or decrease your basis. Irs 1040x 2010 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 1040x 2010 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 1040x 2010 If the sales price is between $8,000 and $10,000, you have neither gain nor loss. Irs 1040x 2010 Business property. Irs 1040x 2010   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 1040x 2010 FMV equal to or greater than donor's adjusted basis. Irs 1040x 2010   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 1040x 2010 Increase your basis by all or part of any gift tax paid, depending on the date of the gift, explained later. Irs 1040x 2010   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 1040x 2010 See Adjusted Basis , earlier. Irs 1040x 2010   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 1040x 2010 Figure the increase by multiplying the gift tax paid by a fraction. Irs 1040x 2010 The numerator of the fraction is the net increase in value of the gift and the denominator is the amount of the gift. Irs 1040x 2010   The net increase in value of the gift is the FMV of the gift minus the donor's adjusted basis. Irs 1040x 2010 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 1040x 2010 Example. Irs 1040x 2010 In 2013, you received a gift of property from your mother that had an FMV of $50,000. Irs 1040x 2010 Her adjusted basis was $20,000. Irs 1040x 2010 The amount of the gift for gift tax purposes was $36,000 ($50,000 minus the $14,000 annual exclusion). Irs 1040x 2010 She paid a gift tax of $7,320 on the property. Irs 1040x 2010 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 1040x 2010 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 1040x 2010 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 1040x 2010 However, your basis cannot exceed the FMV of the gift at the time it was given to you. Irs 1040x 2010 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 1040x 2010 The FMV on the alternate valuation date if the personal representative for the estate elects to use alternate valuation. Irs 1040x 2010 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 1040x 2010 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 1040x 2010 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 1040x 2010 For more information, see the instructions to Form 706, United States Estate (and Generation-Skipping Transfer) Tax Return. Irs 1040x 2010 Property inherited from a decedent who died in 2010. Irs 1040x 2010   If you inherited property from a decedent who died in 2010, special rules may apply. Irs 1040x 2010 For more information, see Publication 4895, Tax Treatment of Property Acquired From a Decedent Dying in 2010. Irs 1040x 2010 Community property. Irs 1040x 2010   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 1040x 2010 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 1040x 2010 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 1040x 2010 Example. Irs 1040x 2010 You and your spouse owned community property that had a basis of $80,000. Irs 1040x 2010 When your spouse died, half the FMV of the community interest was includible in your spouse's estate. Irs 1040x 2010 The FMV of the community interest was $100,000. Irs 1040x 2010 The basis of your half of the property after the death of your spouse is $50,000 (half of the $100,000 FMV). Irs 1040x 2010 The basis of the other half to your spouse's heirs is also $50,000. Irs 1040x 2010 For more information about community property, see Publication 555, Community Property. Irs 1040x 2010 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 1040x 2010 To do so, you must figure its basis for depreciation at the time of the change. Irs 1040x 2010 An example of changing property held for personal use to business or rental use would be renting out your former personal residence. Irs 1040x 2010 Basis for depreciation. Irs 1040x 2010   The basis for depreciation is the lesser of the following amounts. Irs 1040x 2010 The FMV of the property on the date of the change. Irs 1040x 2010 Your adjusted basis on the date of the change. Irs 1040x 2010 Example. Irs 1040x 2010 Several years ago, you paid $160,000 to have your house built on a lot that cost $25,000. Irs 1040x 2010 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 1040x 2010 Because land is not depreciable, you include only the cost of the house when figuring the basis for depreciation. Irs 1040x 2010 Your adjusted basis in the house when you changed its use was $178,000 ($160,000 + $20,000 − $2,000). Irs 1040x 2010 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 1040x 2010 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 1040x 2010 Sale of property. Irs 1040x 2010   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 1040x 2010 Gain. Irs 1040x 2010   The basis for figuring a gain is your adjusted basis in the property when you sell the property. Irs 1040x 2010 Example. Irs 1040x 2010 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 1040x 2010 Your adjusted basis for figuring gain is $165,500 ($178,000 + $25,000 (land) − $37,500). Irs 1040x 2010 Loss. Irs 1040x 2010   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 1040x 2010 Then make adjustments (increases and decreases) for the period after the change in the property's use, as discussed earlier under Adjusted Basis . Irs 1040x 2010 Example. Irs 1040x 2010 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 1040x 2010 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 1040x 2010 Reduce that amount ($180,000) by the depreciation deductions ($37,500). Irs 1040x 2010 The basis for loss is $142,500 ($180,000 − $37,500). Irs 1040x 2010 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 1040x 2010 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 1040x 2010 You must adjust the basis of stocks for certain events that occur after purchase. Irs 1040x 2010 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 1040x 2010 This rule applies only when the additional stock received is identical to the stock held. Irs 1040x 2010 Also reduce your basis when you receive nontaxable distributions. Irs 1040x 2010 They are a return of capital. Irs 1040x 2010 Example. Irs 1040x 2010 In 2011 you bought 100 shares of XYZ stock for $1,000 or $10 a share. Irs 1040x 2010 In 2012 you bought 100 shares of XYZ stock for $1,600 or $16 a share. Irs 1040x 2010 In 2013 XYZ declared a 2-for-1 stock split. Irs 1040x 2010 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 1040x 2010 Other basis. Irs 1040x 2010   There are other ways to figure the basis of stocks or bonds depending on how you acquired them. Irs 1040x 2010 For detailed information, see Stocks and Bonds under Basis of Investment Property in chapter 4 of Publication 550. Irs 1040x 2010 Identifying stocks or bonds sold. Irs 1040x 2010   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 1040x 2010 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 1040x 2010 For more information about identifying securities you sell, see Stocks and Bonds under Basis of Investment Property in chapter 4 of Publication 550. Irs 1040x 2010 Mutual fund shares. Irs 1040x 2010   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 1040x 2010 For more information, see Publication 550. Irs 1040x 2010 Bond premium. Irs 1040x 2010   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 1040x 2010 See Bond Premium Amortization in chapter 3 of Publication 550 for more information. Irs 1040x 2010 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 1040x 2010 Original issue discount (OID) on debt instruments. Irs 1040x 2010   You must increase your basis in an OID debt instrument by the OID you include in income for that instrument. Irs 1040x 2010 See Original Issue Discount (OID) in chapter 7 and Publication 1212, Guide To Original Issue Discount (OID) Instruments. Irs 1040x 2010 Tax-exempt obligations. Irs 1040x 2010    OID on tax-exempt obligations is generally not taxable. Irs 1040x 2010 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 1040x 2010 The accrued OID is added to the basis of the obligation to determine your gain or loss. Irs 1040x 2010 See chapter 4 of Publication 550. Irs 1040x 2010 Prev  Up  Next   Home   More Online Publications
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Understanding your CP259G Notice

We sent you this notice because our records indicate you did not file a required Form 1120-POL, U.S. Income Tax Return for Certain Political Organizations.

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What you need to do

  • Disregard this notice if you have filed the return within the last four weeks using the same name and EIN listed on the notice.
  • Otherwise, file your required Form 1120-POL immediately according to the instructions on the notice.
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    • If you filed more than four weeks ago or used a different name or EIN, complete the Response form enclosed with your notice and mail it to us in the envelope provided along with a signed and dated copy of the return.

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Answers to Common Questions

Which organizations must file a Form 1120-POL?
A political organization, whether or not it is tax-exempt, must file Form 1120-POL if it has taxable income for any year in excess of the $100 specific deduction allowed under section 527. An exempt organization that is not a political organization must file Form 1120-POL if it is treated as having political organization taxable income under section 527(f)(1).

When is Form 1120-POL due?
Form 1120-POL is due by the 15th day of the 3rd month after the end of the tax year. Thus, for a calendar year taxpayer, Form 1120-POL is due on March 15 of the following year. If any due date falls on a Saturday, Sunday or legal holiday, the organization can file the return on the next business day.

More information can be found at Political Organizations - Annual Income Tax Returns.

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If you have questions and/or need help completing the form, please call 1-877-829-5500. Personal assistance is available Monday through Friday, 7:00 a.m. to 7:00 p.m. CT.

Where can I go for more information about tax-exempt organizations?
For more information on tax-exempt organizations see Tax Information for Charities & Other Non-Profits.


Tips for next year

Review the political organization resources at Tax Information for Political Organizations.


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Page Last Reviewed or Updated: 29-Mar-2014

The Irs 1040x 2010

Irs 1040x 2010 34. Irs 1040x 2010   Crédito Tributario por Hijos Table of Contents Introduction Useful Items - You may want to see: Hijo Calificado Cantidad de CréditoLímites del Crédito Cómo Reclamar el Crédito Crédito Tributario Adicional por Hijos Cómo Completar el Anexo 8812 (Formulario 1040A o Formulario 1040)Parte I Partes II a IV Introduction El crédito tributario por hijos es un crédito que puede reducir su impuesto hasta $1,000 por cada uno de sus hijos calificados. Irs 1040x 2010 El crédito tributario adicional por hijos es un crédito que podría tomar en el caso de que no pueda reclamar la cantidad completa del crédito tributario por hijos. Irs 1040x 2010 Este capítulo le explica lo siguiente: Quién es un hijo calificado. Irs 1040x 2010 La cantidad del crédito. Irs 1040x 2010 Cómo se puede reclamar el crédito. Irs 1040x 2010 El crédito tributario por hijos y el crédito tributario adicional por hijos no deben confundirse con el crédito por gastos del cuidado de menores y dependientes, el cual se explica en el capítulo 32. Irs 1040x 2010 Si no está sujeto al pago de impuestos. Irs 1040x 2010   Algunos créditos, tales como el crédito tributario por hijos o el crédito por gastos del cuidado de menores y dependientes, se usan para reducir el impuesto. Irs 1040x 2010 Si la cantidad del impuesto en la línea 46 del Formulario 1040 o en la línea 28 del Formulario 1040A es cero, no calcule el crédito tributario por hijos ya que no hay impuesto que se pueda reducir. Irs 1040x 2010 Sin embargo, podría reunir los requisitos para el crédito tributario adicional por hijos en la línea 65 (Formulario 1040) o en la línea 39 (Formulario 1040A). Irs 1040x 2010 Useful Items - You may want to see: Publicación 972 Child Tax Credit (Crédito tributario por hijos), en inglés Formulario (e Instrucciones) Anexo 8812   (Formulario 1040A o 1040) Child Tax Credit (Crédito tributario por hijos), en inglés W-4(SP) Certificado de Exención de Retenciones del Empleado W-4 Employee's Withholding Allowance Certificate (Certificado de exención de retenciones del empleado), en inglés Hijo Calificado Un hijo calificado, para propósitos del crédito tributario por hijos, es aquél que: Es su hijo o hija, hijastro o hijastra, hijo de crianza, hermano o hermana, hermanastro o hermanastra o descendiente de cualquiera de ellos (por ejemplo, su nieto, nieta, sobrina o sobrino), Tenía menos de 17 años de edad al finalizar el año 2013, No proveyó más de la mitad de su propia manutención durante el año 2013, Vivió con usted durante más de la mitad del año 2013 (vea Excepciones al tiempo vivido con usted , más adelante), Fue reclamado como dependiente en la declaración de usted, No presenta una declaración conjunta para el año (o la presenta solamente para reclamar un reembolso), y Era ciudadano, nacional o residente de los Estados Unidos. Irs 1040x 2010 Si el hijo fue adoptado, vea Hijo adoptivo , más adelante. Irs 1040x 2010 Para cada hijo calificado, tiene que marcar el recuadro que aparece en la línea 6c del Formulario 1040 o del Formulario 1040A. Irs 1040x 2010 Ejemplo 1. Irs 1040x 2010 Su hijo cumplió 17 años de edad el día 30 de diciembre del año 2013. Irs 1040x 2010 Él es ciudadano de los Estados Unidos y usted lo declara como dependiente en la declaración de impuestos. Irs 1040x 2010 Su hijo no es hijo calificado para el crédito tributario por hijos porque no tenía menos de 17 años de edad al finalizar el año 2013. Irs 1040x 2010 Ejemplo 2. Irs 1040x 2010 Su hija cumplió 8 años en el año 2013. Irs 1040x 2010 Ella no es ciudadana de los Estados Unidos, tiene un ITIN y vivió en México durante todo el año 2013. Irs 1040x 2010 Ella no es un hijo calificado para el crédito tributario por hijos debido a que no fue residente de los Estados Unidos en 2013. Irs 1040x 2010 Contribuyentes que tienen determinados hijos dependientes con un número de identificación personal del contribuyente (ITIN, por sus siglas en inglés). Irs 1040x 2010   Si está reclamando un crédito tributario por hijos o un crédito tributario adicional por hijos basándose en un hijo que identificó en su declaración de impuestos con un número de identificación personal del contribuyente (ITIN, por sus siglas en inglés), en lugar de un número de Seguro Social (SSN, por sus siglas en inglés), tiene que completar la Parte I del Anexo 8812 (Formulario 1040A o 1040). Irs 1040x 2010   Aun si su hijo es dependiente suyo, sólo puede reclamar un crédito tributario por hijos o un crédito tributario adicional por hijos basándose en un dependiente que sea ciudadano, nacional o residente de los Estados Unidos. Irs 1040x 2010 Para ser tratado como residente de los Estados Unidos, un hijo normalmente tiene que cumplir el requisito de presencia sustancial. Irs 1040x 2010 Para más información sobre el requisito de presencia sustancial, vea la Publicación 519, U. Irs 1040x 2010 S. Irs 1040x 2010 Tax Guide for Aliens (Guía sobre los impuestos federales estadounidenses para extranjeros), en inglés. Irs 1040x 2010 Hijo adoptivo. Irs 1040x 2010   A un hijo adoptivo siempre se le trata como si fuera su hijo. Irs 1040x 2010 Un hijo adoptivo incluye un niño colocado en su hogar por una agencia autorizada, con la intención de que sea legalmente adoptado. Irs 1040x 2010   Si usted es ciudadano o nacional de los EE. Irs 1040x 2010 UU. Irs 1040x 2010 y su hijo adoptivo vivió con usted como integrante de su unidad familiar durante todo el año en 2013, dicho hijo cumple el requisito (7), anteriormente, para ser un hijo calificado para propósitos del crédito tributario por hijos. Irs 1040x 2010 Excepciones al tiempo vivido con usted. Irs 1040x 2010   Se considera que un hijo vivió con usted más de la mitad del año 2013 si nació o murió en el año 2013, y su hogar (el de usted) fue el hogar del hijo más de la mitad del tiempo en el cual estuvo vivo. Irs 1040x 2010 Las ausencias temporales por usted o su hijo debidas a circunstancias especiales, tales como las ausencias por educación, vacaciones, negocios, atención médica, servicio militar o estancia en un centro de detención para delincuentes juveniles cuentan como tiempo que el hijo vivió con usted. Irs 1040x 2010   También hay excepciones para hijos secuestrados e hijos de padres divorciados o separados. Irs 1040x 2010 Para detalles, vea Requisito de Residencia , en el capítulo 3. Irs 1040x 2010 Hijo calificado de más de una persona. Irs 1040x 2010   Se aplica una regla especial si su hijo calificado es el hijo calificado de más de una persona. Irs 1040x 2010 Para detalles, vea Requisito Especial para el Hijo Calificado de Más de una Persona , en el capítulo 3. Irs 1040x 2010 Cantidad de Crédito La cantidad máxima de crédito que puede reclamar es $1,000 por cada hijo calificado. Irs 1040x 2010 Límites del Crédito Usted tiene que reducir su crédito tributario por hijos si la condición (1) o la condición (2) le corresponde: La cantidad de la línea 46 (Formulario 1040) o de la línea 28 (Formulario 1040A) es menor que el crédito. Irs 1040x 2010 Si esta cantidad es cero, no puede reclamar este crédito porque no hay impuesto que se pueda reducir. Irs 1040x 2010 Sin embargo, es posible que pueda tomar el crédito tributario adicional por hijos. Irs 1040x 2010 Vea Crédito Tributario Adicional por Hijos , más adelante. Irs 1040x 2010 Su ingreso bruto ajustado (AGI, por sus siglas en inglés) modificado es mayor que la cantidad que se indica a continuación para su estado civil para efectos de la declaración. Irs 1040x 2010 Casados que presentan una declaración conjunta: $110,000. Irs 1040x 2010 Soltero, cabeza de familia o viudo que reúne los requisitos: $75,000. Irs 1040x 2010 Casados que presentan la declaración por separado: $55,000. Irs 1040x 2010 Ingresos brutos ajustados modificados. Irs 1040x 2010   Para propósitos del crédito tributario por hijos, su ingreso bruto ajustado (AGI, por sus siglas en inglés) modificado es su ingreso bruto ajustado más las cantidades siguientes que puedan ser aplicables en su caso: Toda cantidad excluida del ingreso debido a la exclusión de ingresos de fuentes de  Puerto Rico. Irs 1040x 2010 En la línea de puntos directamente al lado de la línea 38 del Formulario 1040, anote la cantidad excluida e indentifíquela como “ EPRI. Irs 1040x 2010 ” Además, adjunte una copia de todo Formulario 499R-2/W-2PR a su declaración. Irs 1040x 2010 Toda cantidad de las líneas 45 ó 50 del Formulario 2555, Foreign Earned Income (Ingreso devengado en el extranjero), en inglés. Irs 1040x 2010 Toda cantidad de la línea 18 del Formulario 2555-EZ, Foreign Earned Income Exclusion (Exclusión de ingreso devengado en el extranjero), en inglés. Irs 1040x 2010 Toda cantidad de la línea 15 del Formulario 4563, Exclusion of Income for Bona Fide Residents of American Samoa (Exclusión del ingreso para residentes bona fide de la Samoa Estadounidense), en inglés. Irs 1040x 2010   Si no tiene ninguna de las cantidades mencionadas anteriormente, su ingreso bruto ajustado modificado es igual a su ingreso bruto ajustado. Irs 1040x 2010 Ingreso bruto ajustado. Irs 1040x 2010   El ingreso bruto ajustado (AGI, por sus siglas en inglés) es la cantidad de la línea 38 del Formulario 1040 o de la línea 22 del Formulario 1040A. Irs 1040x 2010 Cómo Reclamar el Crédito Para reclamar el crédito tributario por hijos, tiene que presentar el Formulario 1040 o el Formulario 1040A. Irs 1040x 2010 No puede reclamar el crédito tributario por hijos en el Formulario 1040EZ. Irs 1040x 2010 Tiene que proveer el nombre y número de identificación (normalmente el número de Seguro Social) de cada hijo calificado en su declaración de impuestos. Irs 1040x 2010 Si reclama el crédito tributario por hijos con un hijo identificado por un ITIN, usted también tiene que presentar el Anexo 8812. Irs 1040x 2010 Para calcular el crédito, primero revise la Child Tax Credit Worksheet (Hoja de trabajo del crédito tributario por hijos), en las Instrucciones para el Formulario 1040 o el Formulario 1040A. Irs 1040x 2010 Si se le indica que consulte la Publicación 972, Child Tax Credit (Crédito tributario por hijos), en inglés, no puede utilizar la Hoja de trabajo de las instrucciones en la declaración de impuestos; en su lugar, usted tiene que utilizar la Publicación 972, en inglés, para calcular el crédito. Irs 1040x 2010 Si no se le indica que utilice la Publicación 972, puede usar la Hoja de trabajo del crédito tributario por hijos, que se encuentra en las Instrucciones para el Formulario 1040 o las Instrucciones para el Formulario 1040A o la Publicación 972, todas en inglés, para calcular el crédito. Irs 1040x 2010 Crédito Tributario Adicional por Hijos Este crédito es para determinadas personas que reciban menos de la cantidad total del crédito tributario por hijos. Irs 1040x 2010 El crédito tributario adicional por hijos puede darle un reembolso aunque no adeude ningún impuesto. Irs 1040x 2010 Cómo se reclama el crédito tributario adicional por hijos. Irs 1040x 2010   Para reclamar el crédito tributario adicional por hijos, siga los pasos que aparecen a continuación: Asegúrese de haber calculado la cantidad, si existe, de su crédito tributario por hijos. Irs 1040x 2010 Vea anteriormente el tema titulado Cómo Reclamar el Crédito . Irs 1040x 2010 Use las Partes II a la IV del Anexo 8812 para determinar si puede reclamar el crédito tributario adicional por hijos si usted contestó “Yes” (Sí) en la línea 9 ó 10 de la Child Tax Credit Worksheet (Hoja de trabajo del crédito tributario por hijos) en las Instrucciones para el Formulario 1040 o en las Instrucciones para el Formulario 1040A, o en la línea 13 de la Child Tax Credit Worksheet (Hoja de trabajo del crédito tributario por hijos) en la Publicación 972, todas en inglés. Irs 1040x 2010 Si tiene un crédito tributario adicional por hijos en la línea 13 del Anexo 8812, anótelo en la línea 65 del Formulario 1040 o en la línea 39 del Formulario 1040A. Irs 1040x 2010 Cómo Completar el Anexo 8812 (Formulario 1040A o Formulario 1040) El Anexo 8812 tiene cuatro partes, pero se puede considerar como que consta de dos secciones. Irs 1040x 2010 La Parte I es independiente de las Partes II a la IV. Irs 1040x 2010 Si todos sus hijos tienen números de Seguro Social o números de identificación del contribuyente para adopción del IRS(ATIN, por sus siglas en inglés),y usted no reclama el crédito tributario adicional por hijos, no necesita completar ni adjuntar el Anexo 8812 a su declaración de impuestos. Irs 1040x 2010 Parte I Usted sólo necesitará completar la Parte I si está reclamando el crédito tributario por hijos para un hijo que aparece identificado con un número de identificación personal del contribuyente del IRS (ITIN, por sus siglas en inglés). Irs 1040x 2010 Si todos los hijos por los cuales usted marcó la casilla en la columna 4 de la línea 6c de su Formulario 1040 o Formulario 1040A tienen números de Seguro Social (SSN, por sus siglas en inglés) o números de identificación del contribuyente para adopción del IRS (ATIN, por sus siglas en inglés), no tiene que completar la Parte I del Anexo 8812. Irs 1040x 2010 Partes II a IV Las Partes II a la IV le ayudan a calcular el crédito adicional por hijos que le corresponde a usted. Irs 1040x 2010 Por lo general, deberá completar las Partes II a la IV únicamente si se le indica luego de que completa la Hoja de trabajo del crédito tributario por hijos que aparece en las instrucciones de su declaración de impuestos o en la Publicación 972. Irs 1040x 2010 Vea Cómo se reclama el crédito tributario adicional por hijos , anteriormente. Irs 1040x 2010 Prev  Up  Next   Home   More Online Publications