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Irs State Tax Forms 2012

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Irs State Tax Forms 2012

Irs state tax forms 2012 Publication 538 - Main Content Table of Contents Accounting PeriodsCalendar Year Fiscal Year Short Tax Year Improper Tax Year Change in Tax Year Individuals Partnerships, S Corporations, and Personal Service Corporations (PSCs) Corporations (Other Than S Corporations and PSCs) Accounting MethodsSpecial methods. Irs state tax forms 2012 Hybrid method. Irs state tax forms 2012 Cash Method Accrual Method Inventories Change in Accounting Method How To Get Tax HelpLow Income Taxpayer Clinics (LITCs). Irs state tax forms 2012 Accounting Periods You must use a tax year to figure your taxable income. Irs state tax forms 2012 A tax year is an annual accounting period for keeping records and reporting income and expenses. Irs state tax forms 2012 An annual accounting period does not include a short tax year (discussed later). Irs state tax forms 2012 You can use the following tax years: A calendar year; or A fiscal year (including a 52-53-week tax year). Irs state tax forms 2012 Unless you have a required tax year, you adopt a tax year by filing your first income tax return using that tax year. Irs state tax forms 2012 A required tax year is a tax year required under the Internal Revenue Code or the Income Tax Regulations. Irs state tax forms 2012 You cannot adopt a tax year by merely: Filing an application for an extension of time to file an income tax return; Filing an application for an employer identification number (Form SS-4); or Paying estimated taxes. Irs state tax forms 2012 This section discusses: A calendar year. Irs state tax forms 2012 A fiscal year (including a period of 52 or 53 weeks). Irs state tax forms 2012 A short tax year. Irs state tax forms 2012 An improper tax year. Irs state tax forms 2012 A change in tax year. Irs state tax forms 2012 Special situations that apply to individuals. Irs state tax forms 2012 Restrictions that apply to the accounting period of a partnership, S corporation, or personal service corporation. Irs state tax forms 2012 Special situations that apply to corporations. Irs state tax forms 2012 Calendar Year A calendar year is 12 consecutive months beginning on January 1st and ending on December 31st. Irs state tax forms 2012 If you adopt the calendar year, you must maintain your books and records and report your income and expenses from January 1st through December 31st of each year. Irs state tax forms 2012 If you file your first tax return using the calendar tax year and you later begin business as a sole proprietor, become a partner in a partnership, or become a shareholder in an S corporation, you must continue to use the calendar year unless you obtain approval from the IRS to change it, or are otherwise allowed to change it without IRS approval. Irs state tax forms 2012 See Change in Tax Year, later. Irs state tax forms 2012 Generally, anyone can adopt the calendar year. Irs state tax forms 2012 However, you must adopt the calendar year if: You keep no books or records; You have no annual accounting period; Your present tax year does not qualify as a fiscal year; or You are required to use a calendar year by a provision in the Internal Revenue Code or the Income Tax Regulations. Irs state tax forms 2012 Fiscal Year A fiscal year is 12 consecutive months ending on the last day of any month except December 31st. Irs state tax forms 2012 If you are allowed to adopt a fiscal year, you must consistently maintain your books and records and report your income and expenses using the time period adopted. Irs state tax forms 2012 52-53-Week Tax Year You can elect to use a 52-53-week tax year if you keep your books and records and report your income and expenses on that basis. Irs state tax forms 2012 If you make this election, your 52-53-week tax year must always end on the same day of the week. Irs state tax forms 2012 Your 52-53-week tax year must always end on: Whatever date this same day of the week last occurs in a calendar month, or Whatever date this same day of the week falls that is nearest to the last day of the calendar month. Irs state tax forms 2012 For example, if you elect a tax year that always ends on the last Monday in March, your 2012 tax year will end on March 25, 2013. Irs state tax forms 2012 Election. Irs state tax forms 2012   To make the election for the 52-53-week tax year, attach a statement with the following information to your tax return. Irs state tax forms 2012 The month in which the new 52-53-week tax year ends. Irs state tax forms 2012 The day of the week on which the tax year always ends. Irs state tax forms 2012 The date the tax year ends. Irs state tax forms 2012 It can be either of the following dates on which the chosen day: Last occurs in the month in (1), above, or Occurs nearest to the last day of the month in (1), above. Irs state tax forms 2012   When you figure depreciation or amortization, a 52-53-week tax year is generally considered a year of 12 calendar months. Irs state tax forms 2012   To determine an effective date (or apply provisions of any law) expressed in terms of tax years beginning, including, or ending on the first or last day of a specified calendar month, a 52-53-week tax year is considered to: Begin on the first day of the calendar month beginning nearest to the first day of the 52-53-week tax year, and End on the last day of the calendar month ending nearest to the last day of the 52-53-week tax year. Irs state tax forms 2012 Example. Irs state tax forms 2012 Assume a tax provision applies to tax years beginning on or after July 1, 2012, which happens to be a Sunday. Irs state tax forms 2012 For this purpose, a 52-53-week tax year that begins on the last Tuesday of June, which falls on June 26, 2012, is treated as beginning on July 1, 2012. Irs state tax forms 2012 Short Tax Year A short tax year is a tax year of less than 12 months. Irs state tax forms 2012 A short period tax return may be required when you (as a taxable entity): Are not in existence for an entire tax year, or Change your accounting period. Irs state tax forms 2012 Tax on a short period tax return is figured differently for each situation. Irs state tax forms 2012 Not in Existence Entire Year Even if a taxable entity was not in existence for the entire year, a tax return is required for the time it was in existence. Irs state tax forms 2012 Requirements for filing the return and figuring the tax are generally the same as the requirements for a return for a full tax year (12 months) ending on the last day of the short tax year. Irs state tax forms 2012 Example 1. Irs state tax forms 2012 XYZ Corporation was organized on July 1, 2012. Irs state tax forms 2012 It elected the calendar year as its tax year. Irs state tax forms 2012 Therefore, its first tax return was due March 15, 2013. Irs state tax forms 2012 This short period return will cover the period from July 1, 2012, through December 31, 2012. Irs state tax forms 2012 Example 2. Irs state tax forms 2012 A calendar year corporation dissolved on July 23, 2012. Irs state tax forms 2012 Its final return is due by October 15, 2012. Irs state tax forms 2012 It will cover the short period from January 1, 2012, through July 23, 2012. Irs state tax forms 2012 Death of individual. Irs state tax forms 2012   When an individual dies, a tax return must be filed for the decedent by the 15th day of the 4th month after the close of the individual's regular tax year. Irs state tax forms 2012 The decedent's final return will be a short period tax return that begins on January 1st, and ends on the date of death. Irs state tax forms 2012 In the case of a decedent who dies on December 31st, the last day of the regular tax year, a full calendar-year tax return is required. Irs state tax forms 2012 Example. Irs state tax forms 2012   Agnes Green was a single, calendar year taxpayer. Irs state tax forms 2012 She died on March 6, 2012. Irs state tax forms 2012 Her final income tax return must be filed by April 15, 2013. Irs state tax forms 2012 It will cover the short period from January 1, 2012, to March 6, 2012. Irs state tax forms 2012 Figuring Tax for Short Year If the IRS approves a change in your tax year or you are required to change your tax year, you must figure the tax and file your return for the short tax period. Irs state tax forms 2012 The short tax period begins on the first day after the close of your old tax year and ends on the day before the first day of your new tax year. Irs state tax forms 2012 Figure tax for a short year under the general rule, explained below. Irs state tax forms 2012 You may then be able to use a relief procedure, explained later, and claim a refund of part of the tax you paid. Irs state tax forms 2012 General rule. Irs state tax forms 2012   Income tax for a short tax year must be annualized. Irs state tax forms 2012 However, self-employment tax is figured on the actual self-employment income for the short period. Irs state tax forms 2012 Individuals. Irs state tax forms 2012   An individual must figure income tax for the short tax year as follows. Irs state tax forms 2012 Determine your adjusted gross income (AGI) for the short tax year and then subtract your actual itemized deductions for the short tax year. Irs state tax forms 2012 You must itemize deductions when you file a short period tax return. Irs state tax forms 2012 Multiply the dollar amount of your exemptions by the number of months in the short tax year and divide the result by 12. Irs state tax forms 2012 Subtract the amount in (2) from the amount in (1). Irs state tax forms 2012 The result is your modified taxable income. Irs state tax forms 2012 Multiply the modified taxable income in (3) by 12, then divide the result by the number of months in the short tax year. Irs state tax forms 2012 The result is your annualized income. Irs state tax forms 2012 Figure the total tax on your annualized income using the appropriate tax rate schedule. Irs state tax forms 2012 Multiply the total tax by the number of months in the short tax year and divide the result by 12. Irs state tax forms 2012 The result is your tax for the short tax year. Irs state tax forms 2012 Relief procedure. Irs state tax forms 2012   Individuals and corporations can use a relief procedure to figure the tax for the short tax year. Irs state tax forms 2012 It may result in less tax. Irs state tax forms 2012 Under this procedure, the tax is figured by two separate methods. Irs state tax forms 2012 If the tax figured under both methods is less than the tax figured under the general rule, you can file a claim for a refund of part of the tax you paid. Irs state tax forms 2012 For more information, see section 443(b)(2) of the Internal Revenue Code. Irs state tax forms 2012 Alternative minimum tax. Irs state tax forms 2012   To figure the alternative minimum tax (AMT) due for a short tax year: Figure the annualized alternative minimum taxable income (AMTI) for the short tax period by completing the following steps. Irs state tax forms 2012 Multiply the AMTI by 12. Irs state tax forms 2012 Divide the result by the number of months in the short tax year. Irs state tax forms 2012 Multiply the annualized AMTI by the appropriate rate of tax under section 55(b)(1) of the Internal Revenue Code. Irs state tax forms 2012 The result is the annualized AMT. Irs state tax forms 2012 Multiply the annualized AMT by the number of months in the short tax year and divide the result by 12. Irs state tax forms 2012   For information on the AMT for individuals, see the Instructions for Form 6251, Alternative Minimum Tax–Individuals. Irs state tax forms 2012 For information on the AMT for corporations, see the Instructions to Form 4626, Alternative Minimum Tax–Corporations. Irs state tax forms 2012 Tax withheld from wages. Irs state tax forms 2012   You can claim a credit against your income tax liability for federal income tax withheld from your wages. Irs state tax forms 2012 Federal income tax is withheld on a calendar year basis. Irs state tax forms 2012 The amount withheld in any calendar year is allowed as a credit for the tax year beginning in the calendar year. Irs state tax forms 2012 Improper Tax Year Taxpayers that have adopted an improper tax year must change to a proper tax year. Irs state tax forms 2012 For example, if a taxpayer began business on March 15 and adopted a tax year ending on March 14 (a period of exactly 12 months), this would be an improper tax year. Irs state tax forms 2012 See Accounting Periods, earlier, for a description of permissible tax years. Irs state tax forms 2012 To change to a proper tax year, you must do one of the following. Irs state tax forms 2012 If you are requesting a change to a calendar tax year, file an amended income tax return based on a calendar tax year that corrects the most recently filed tax return that was filed on the basis of an improper tax year. Irs state tax forms 2012 Attach a completed Form 1128 to the amended tax return. Irs state tax forms 2012 Write “FILED UNDER REV. Irs state tax forms 2012 PROC. Irs state tax forms 2012 85-15” at the top of Form 1128 and file the forms with the Internal Revenue Service Center where you filed your original return. Irs state tax forms 2012 If you are requesting a change to a fiscal tax year, file Form 1128 in accordance with the form instructions to request IRS approval for the change. Irs state tax forms 2012 Change in Tax Year Generally, you must file Form 1128 to request IRS approval to change your tax year. Irs state tax forms 2012 See the Instructions for Form 1128 for exceptions. Irs state tax forms 2012 If you qualify for an automatic approval request, a user fee is not required. Irs state tax forms 2012 Individuals Generally, individuals must adopt the calendar year as their tax year. Irs state tax forms 2012 An individual can adopt a fiscal year provided that the individual maintains his or her books and records on the basis of the adopted fiscal year. Irs state tax forms 2012 Partnerships, S Corporations, and Personal Service Corporations (PSCs) Generally, partnerships, S corporations (including electing S corporations), and PSCs must use a required tax year. Irs state tax forms 2012 A required tax year is a tax year that is required under the Internal Revenue Code and Income Tax Regulations. Irs state tax forms 2012 The entity does not have to use the required tax year if it receives IRS approval to use another permitted tax year or makes an election under section 444 of the Internal Revenue Code (discussed later). Irs state tax forms 2012 The following discussions provide the rules for partnerships, S corporations, and PSCs. Irs state tax forms 2012 Partnership A partnership must conform its tax year to its partners' tax years unless any of the following apply. Irs state tax forms 2012 The partnership makes an election under section 444 of the Internal Revenue Code to have a tax year other than a required tax year by filing Form 8716. Irs state tax forms 2012 The partnership elects to use a 52-53-week tax year that ends with reference to either its required tax year or a tax year elected under section 444. Irs state tax forms 2012 The partnership can establish a business purpose for a different tax year. Irs state tax forms 2012 The rules for the required tax year for partnerships are as follows. Irs state tax forms 2012 If one or more partners having the same tax year own a majority interest (more than 50%) in partnership profits and capital, the partnership must use the tax year of those partners. Irs state tax forms 2012 If there is no majority interest tax year, the partnership must use the tax year of all its principal partners. Irs state tax forms 2012 A principal partner is one who has a 5% or more interest in the profits or capital of the partnership. Irs state tax forms 2012 If there is no majority interest tax year and the principal partners do not have the same tax year, the partnership generally must use a tax year that results in the least aggregate deferral of income to the partners. Irs state tax forms 2012 If a partnership changes to a required tax year because of these rules, it can get automatic approval by filing Form 1128. Irs state tax forms 2012 Least aggregate deferral of income. Irs state tax forms 2012   The tax year that results in the least aggregate deferral of income is determined as follows. Irs state tax forms 2012 Figure the number of months of deferral for each partner using one partner's tax year. Irs state tax forms 2012 Find the months of deferral by counting the months from the end of that tax year forward to the end of each other partner's tax year. Irs state tax forms 2012 Multiply each partner's months of deferral figured in step (1) by that partner's share of interest in the partnership profits for the year used in step (1). Irs state tax forms 2012 Add the amounts in step (2) to get the aggregate (total) deferral for the tax year used in step (1). Irs state tax forms 2012 Repeat steps (1) through (3) for each partner's tax year that is different from the other partners' years. Irs state tax forms 2012   The partner's tax year that results in the lowest aggregate (total) number is the tax year that must be used by the partnership. Irs state tax forms 2012 If the calculation results in more than one tax year qualifying as the tax year with the least aggregate deferral, the partnership can choose any one of those tax years as its tax year. Irs state tax forms 2012 However, if one of the tax years that qualifies is the partnership's existing tax year, the partnership must retain that tax year. Irs state tax forms 2012 Example. Irs state tax forms 2012 A and B each have a 50% interest in partnership P, which uses a fiscal year ending June 30. Irs state tax forms 2012 A uses the calendar year and B uses a fiscal year ending November 30. Irs state tax forms 2012 P must change its tax year to a fiscal year ending November 30 because this results in the least aggregate deferral of income to the partners, as shown in the following table. Irs state tax forms 2012 Year End 12/31: Year End Profits Interest Months of Deferral Interest × Deferral A 12/31 0. Irs state tax forms 2012 5 -0- -0- B 11/30 0. Irs state tax forms 2012 5 11 5. Irs state tax forms 2012 5 Total Deferral 5. Irs state tax forms 2012 5 Year End 11/30: Year End Profits Interest Months of Deferral Interest × Deferral A 12/31 0. Irs state tax forms 2012 5 1 0. Irs state tax forms 2012 5 B 11/30 0. Irs state tax forms 2012 5 -0- -0- Total Deferral 0. Irs state tax forms 2012 5 When determination is made. Irs state tax forms 2012   The determination of the tax year under the least aggregate deferral rules must generally be made at the beginning of the partnership's current tax year. Irs state tax forms 2012 However, the IRS can require the partnership to use another day or period that will more accurately reflect the ownership of the partnership. Irs state tax forms 2012 This could occur, for example, if a partnership interest was transferred for the purpose of qualifying for a particular tax year. Irs state tax forms 2012 Short period return. Irs state tax forms 2012   When a partnership changes its tax year, a short period return must be filed. Irs state tax forms 2012 The short period return covers the months between the end of the partnership's prior tax year and the beginning of its new tax year. Irs state tax forms 2012   If a partnership changes to the tax year resulting in the least aggregate deferral, it must file a Form 1128 with the short period return showing the computations used to determine that tax year. Irs state tax forms 2012 The short period return must indicate at the top of page 1, “FILED UNDER SECTION 1. Irs state tax forms 2012 706-1. Irs state tax forms 2012 ” More information. Irs state tax forms 2012   For more information about changing a partnership's tax year, and information about ruling requests, see the Instructions for Form 1128. Irs state tax forms 2012 S Corporation All S corporations, regardless of when they became an S corporation, must use a permitted tax year. Irs state tax forms 2012 A permitted tax year is any of the following. Irs state tax forms 2012 The calendar year. Irs state tax forms 2012 A tax year elected under section 444 of the Internal Revenue Code. Irs state tax forms 2012 See Section 444 Election, below for details. Irs state tax forms 2012 A 52-53-week tax year ending with reference to the calendar year or a tax year elected under section 444. Irs state tax forms 2012 Any other tax year for which the corporation establishes a business purpose. Irs state tax forms 2012 If an electing S corporation wishes to adopt a tax year other than a calendar year, it must request IRS approval using Form 2553, instead of filing Form 1128. Irs state tax forms 2012 For information about changing an S corporation's tax year and information about ruling requests, see the Instructions for Form 1128. Irs state tax forms 2012 Personal Service Corporation (PSC) A PSC must use a calendar tax year unless any of the following apply. Irs state tax forms 2012 The corporation makes an election under section 444 of the Internal Revenue Code. Irs state tax forms 2012 See Section 444 Election, below for details. Irs state tax forms 2012 The corporation elects to use a 52-53-week tax year ending with reference to the calendar year or a tax year elected under section 444. Irs state tax forms 2012 The corporation establishes a business purpose for a fiscal year. Irs state tax forms 2012 See the Instructions for Form 1120 for general information about PSCs. Irs state tax forms 2012 For information on adopting or changing tax years for PSCs and information about ruling requests, see the Instructions for Form 1128. Irs state tax forms 2012 Section 444 Election A partnership, S corporation, electing S corporation, or PSC can elect under section 444 of the Internal Revenue Code to use a tax year other than its required tax year. Irs state tax forms 2012 Certain restrictions apply to the election. Irs state tax forms 2012 A partnership or an S corporation that makes a section 444 election must make certain required payments and a PSC must make certain distributions (discussed later). Irs state tax forms 2012 The section 444 election does not apply to any partnership, S corporation, or PSC that establishes a business purpose for a different period, explained later. Irs state tax forms 2012 A partnership, S corporation, or PSC can make a section 444 election if it meets all the following requirements. Irs state tax forms 2012 It is not a member of a tiered structure (defined in section 1. Irs state tax forms 2012 444-2T of the regulations). Irs state tax forms 2012 It has not previously had a section 444 election in effect. Irs state tax forms 2012 It elects a year that meets the deferral period requirement. Irs state tax forms 2012 Deferral period. Irs state tax forms 2012   The determination of the deferral period depends on whether the partnership, S corporation, or PSC is retaining its tax year or adopting or changing its tax year with a section 444 election. Irs state tax forms 2012 Retaining tax year. Irs state tax forms 2012   Generally, a partnership, S corporation, or PSC can make a section 444 election to retain its tax year only if the deferral period of the new tax year is 3 months or less. Irs state tax forms 2012 This deferral period is the number of months between the beginning of the retained year and the close of the first required tax year. Irs state tax forms 2012 Adopting or changing tax year. Irs state tax forms 2012   If the partnership, S corporation, or PSC is adopting or changing to a tax year other than its required year, the deferral period is the number of months from the end of the new tax year to the end of the required tax year. Irs state tax forms 2012 The IRS will allow a section 444 election only if the deferral period of the new tax year is less than the shorter of: Three months, or The deferral period of the tax year being changed. Irs state tax forms 2012 This is the tax year immediately preceding the year for which the partnership, S corporation, or PSC wishes to make the section 444 election. Irs state tax forms 2012 If the partnership, S corporation, or PSC's tax year is the same as its required tax year, the deferral period is zero. Irs state tax forms 2012 Example 1. Irs state tax forms 2012 BD Partnership uses a calendar year, which is also its required tax year. Irs state tax forms 2012 BD cannot make a section 444 election because the deferral period is zero. Irs state tax forms 2012 Example 2. Irs state tax forms 2012 E, a newly formed partnership, began operations on December 1. Irs state tax forms 2012 E is owned by calendar year partners. Irs state tax forms 2012 E wants to make a section 444 election to adopt a September 30 tax year. Irs state tax forms 2012 E's deferral period for the tax year beginning December 1 is 3 months, the number of months between September 30 and December 31. Irs state tax forms 2012 Making the election. Irs state tax forms 2012   Make a section 444 election by filing Form 8716 with the Internal Revenue Service Center where the entity will file its tax return. Irs state tax forms 2012 Form 8716 must be filed by the earlier of: The due date (not including extensions) of the income tax return for the tax year resulting from the section 444 election, or The 15th day of the 6th month of the tax year for which the election will be effective. Irs state tax forms 2012 For this purpose, count the month in which the tax year begins, even if it begins after the first day of that month. Irs state tax forms 2012 Note. Irs state tax forms 2012 If the due date falls on a Saturday, Sunday, or legal holiday, file on the next business day. Irs state tax forms 2012   Attach a copy of Form 8716 to Form 1065, Form 1120S, or Form 1120 for the first tax year for which the election is made. Irs state tax forms 2012 Example 1. Irs state tax forms 2012 AB, a partnership, begins operations on September 13, 2012, and is qualified to make a section 444 election to use a September 30 tax year for its tax year beginning September 13, 2012. Irs state tax forms 2012 AB must file Form 8716 by January 15, 2013, which is the due date of the partnership's tax return for the period from September 13, 2012, to September 30, 2012. Irs state tax forms 2012 Example 2. Irs state tax forms 2012 The facts are the same as in Example 1 except that AB begins operations on October 21, 2012. Irs state tax forms 2012 AB must file Form 8716 by March 17, 2013. Irs state tax forms 2012 Example 3. Irs state tax forms 2012 B is a corporation that first becomes a PSC for its tax year beginning September 1, 2012. Irs state tax forms 2012 B qualifies to make a section 444 election to use a September 30 tax year for its tax year beginning September 1, 2012. Irs state tax forms 2012 B must file Form 8716 by December 17, 2012, the due date of the income tax return for the short period from September 1, 2012, to September 30, 2012. Irs state tax forms 2012 Note. Irs state tax forms 2012 The due dates in Examples 2 and 3 are adjusted because the dates fall on a Saturday, Sunday or legal holiday. Irs state tax forms 2012 Extension of time for filing. Irs state tax forms 2012   There is an automatic extension of 12 months to make this election. Irs state tax forms 2012 See the Form 8716 instructions for more information. Irs state tax forms 2012 Terminating the election. Irs state tax forms 2012   The section 444 election remains in effect until it is terminated. Irs state tax forms 2012 If the election is terminated, another section 444 election cannot be made for any tax year. Irs state tax forms 2012   The election ends when any of the following applies to the partnership, S corporation, or PSC. Irs state tax forms 2012 The entity changes to its required tax year. Irs state tax forms 2012 The entity liquidates. Irs state tax forms 2012 The entity becomes a member of a tiered structure. Irs state tax forms 2012 The IRS determines that the entity willfully failed to comply with the required payments or distributions. Irs state tax forms 2012   The election will also end if either of the following events occur. Irs state tax forms 2012 An S corporation's S election is terminated. Irs state tax forms 2012 However, if the S corporation immediately becomes a PSC, the PSC can continue the section 444 election of the S corporation. Irs state tax forms 2012 A PSC ceases to be a PSC. Irs state tax forms 2012 If the PSC elects to be an S corporation, the S corporation can continue the election of the PSC. Irs state tax forms 2012 Required payment for partnership or S corporation. Irs state tax forms 2012   A partnership or an S corporation must make a required payment for any tax year: The section 444 election is in effect. Irs state tax forms 2012 The required payment for that year (or any preceding tax year) is more than $500. Irs state tax forms 2012    This payment represents the value of the tax deferral the owners receive by using a tax year different from the required tax year. Irs state tax forms 2012   Form 8752, Required Payment or Refund Under Section 7519, must be filed each year the section 444 election is in effect, even if no payment is due. Irs state tax forms 2012 If the required payment is more than $500 (or the required payment for any prior year was more than $500), the payment must be made when Form 8752 is filed. Irs state tax forms 2012 If the required payment is $500 or less and no payment was required in a prior year, Form 8752 must be filed showing a zero amount. Irs state tax forms 2012 Applicable election year. Irs state tax forms 2012   Any tax year a section 444 election is in effect, including the first year, is called an applicable election year. Irs state tax forms 2012 Form 8752 must be filed and the required payment made (or zero amount reported) by May 15th of the calendar year following the calendar year in which the applicable election year begins. Irs state tax forms 2012 Required distribution for PSC. Irs state tax forms 2012   A PSC with a section 444 election in effect must distribute certain amounts to employee-owners by December 31 of each applicable year. Irs state tax forms 2012 If it fails to make these distributions, it may be required to defer certain deductions for amounts paid to owner-employees. Irs state tax forms 2012 The amount deferred is treated as paid or incurred in the following tax year. Irs state tax forms 2012   For information on the minimum distribution, see the instructions for Part I of Schedule H (Form 1120), Section 280H Limitations for a Personal Service Corporation (PSC). Irs state tax forms 2012 Back-up election. Irs state tax forms 2012   A partnership, S corporation, or PSC can file a back-up section 444 election if it requests (or plans to request) permission to use a business purpose tax year, discussed later. Irs state tax forms 2012 If the request is denied, the back-up section 444 election must be activated (if the partnership, S corporation, or PSC otherwise qualifies). Irs state tax forms 2012 Making back-up election. Irs state tax forms 2012   The general rules for making a section 444 election, as discussed earlier, apply. Irs state tax forms 2012 When filing Form 8716, type or print “BACK-UP ELECTION” at the top of the form. Irs state tax forms 2012 However, if Form 8716 is filed on or after the date Form 1128 (or Form 2553) is filed, type or print “FORM 1128 (or FORM 2553) BACK-UP ELECTION” at the top of Form 8716. Irs state tax forms 2012 Activating election. Irs state tax forms 2012   A partnership or S corporation activates its back-up election by filing the return required and making the required payment with Form 8752. Irs state tax forms 2012 The due date for filing Form 8752 and making the payment is the later of the following dates. Irs state tax forms 2012 May 15 of the calendar year following the calendar year in which the applicable election year begins. Irs state tax forms 2012 60 days after the partnership or S corporation has been notified by the IRS that the business year request has been denied. Irs state tax forms 2012   A PSC activates its back-up election by filing Form 8716 with its original or amended income tax return for the tax year in which the election is first effective and printing on the top of the income tax return, “ACTIVATING BACK-UP ELECTION. Irs state tax forms 2012 ” 52-53-Week Tax Year A partnership, S corporation, or PSC can use a tax year other than its required tax year if it elects a 52-53-week tax year (discussed earlier) that ends with reference to either its required tax year or a tax year elected under section 444 (discussed earlier). Irs state tax forms 2012 A newly formed partnership, S corporation, or PSC can adopt a 52-53-week tax year ending with reference to either its required tax year or a tax year elected under section 444 without IRS approval. Irs state tax forms 2012 However, if the entity wishes to change to a 52-53-week tax year or change from a 52-53-week tax year that references a particular month to a non-52-53-week tax year that ends on the last day of that month, it must request IRS approval by filing Form 1128. Irs state tax forms 2012 Business Purpose Tax Year A partnership, S corporation, or PSC establishes the business purpose for a tax year by filing Form 1128. Irs state tax forms 2012 See the Instructions for Form 1128 for details. Irs state tax forms 2012 Corporations (Other Than S Corporations and PSCs) A new corporation establishes its tax year when it files its first tax return. Irs state tax forms 2012 A newly reactivated corporation that has been inactive for a number of years is treated as a new taxpayer for the purpose of adopting a tax year. Irs state tax forms 2012 An S corporation or a PSC must use the required tax year rules, discussed earlier, to establish a tax year. Irs state tax forms 2012 Generally, a corporation that wants to change its tax year must obtain approval from the IRS under either the: (a) automatic approval procedures; or (b) ruling request procedures. Irs state tax forms 2012 See the Instructions for Form 1128 for details. Irs state tax forms 2012 Accounting Methods An accounting method is a set of rules used to determine when income and expenses are reported on your tax return. Irs state tax forms 2012 Your accounting method includes not only your overall method of accounting, but also the accounting treatment you use for any material item. Irs state tax forms 2012 You choose an accounting method when you file your first tax return. Irs state tax forms 2012 If you later want to change your accounting method, you must get IRS approval. Irs state tax forms 2012 See Change in Accounting Method, later. Irs state tax forms 2012 No single accounting method is required of all taxpayers. Irs state tax forms 2012 You must use a system that clearly reflects your income and expenses and you must maintain records that will enable you to file a correct return. Irs state tax forms 2012 In addition to your permanent accounting books, you must keep any other records necessary to support the entries on your books and tax returns. Irs state tax forms 2012 You must use the same accounting method from year to year. Irs state tax forms 2012 An accounting method clearly reflects income only if all items of gross income and expenses are treated the same from year to year. Irs state tax forms 2012 If you do not regularly use an accounting method that clearly reflects your income, your income will be refigured under the method that, in the opinion of the IRS, does clearly reflect income. Irs state tax forms 2012 Methods you can use. Irs state tax forms 2012   In general, you can compute your taxable income under any of the following accounting methods. Irs state tax forms 2012 Cash method. Irs state tax forms 2012 Accrual method. Irs state tax forms 2012 Special methods of accounting for certain items of income and expenses. Irs state tax forms 2012 A hybrid method which combines elements of two or more of the above accounting methods. Irs state tax forms 2012 The cash and accrual methods of accounting are explained later. Irs state tax forms 2012 Special methods. Irs state tax forms 2012   This publication does not discuss special methods of accounting for certain items of income or expenses. Irs state tax forms 2012 For information on reporting income using one of the long-term contract methods, see section 460 of the Internal Revenue Code and the related regulations. Irs state tax forms 2012 The following publications also discuss special methods of reporting income or expenses. Irs state tax forms 2012 Publication 225, Farmer's Tax Guide. Irs state tax forms 2012 Publication 535, Business Expenses. Irs state tax forms 2012 Publication 537, Installment Sales. Irs state tax forms 2012 Publication 946, How To Depreciate Property. Irs state tax forms 2012 Hybrid method. Irs state tax forms 2012   Generally, you can use any combination of cash, accrual, and special methods of accounting if the combination clearly reflects your income and you use it consistently. Irs state tax forms 2012 However, the following restrictions apply. Irs state tax forms 2012 If an inventory is necessary to account for your income, you must use an accrual method for purchases and sales. Irs state tax forms 2012 See Exceptions under Inventories, later. Irs state tax forms 2012 Generally, you can use the cash method for all other items of income and expenses. Irs state tax forms 2012 See Inventories, later. Irs state tax forms 2012 If you use the cash method for reporting your income, you must use the cash method for reporting your expenses. Irs state tax forms 2012 If you use an accrual method for reporting your expenses, you must use an accrual method for figuring your income. Irs state tax forms 2012 Any combination that includes the cash method is treated as the cash method for purposes of section 448 of the Internal Revenue Code. Irs state tax forms 2012 Business and personal items. Irs state tax forms 2012   You can account for business and personal items using different accounting methods. Irs state tax forms 2012 For example, you can determine your business income and expenses under an accrual method, even if you use the cash method to figure personal items. Irs state tax forms 2012 Two or more businesses. Irs state tax forms 2012   If you operate two or more separate and distinct businesses, you can use a different accounting method for each business. Irs state tax forms 2012 No business is separate and distinct, unless a complete and separate set of books and records is maintained for each business. Irs state tax forms 2012 Note. Irs state tax forms 2012 If you use different accounting methods to create or shift profits or losses between businesses (for example, through inventory adjustments, sales, purchases, or expenses) so that income is not clearly reflected, the businesses will not be considered separate and distinct. Irs state tax forms 2012 Cash Method Most individuals and many small businesses use the cash method of accounting. Irs state tax forms 2012 Generally, if you produce, purchase, or sell merchandise, you must keep an inventory and use an accrual method for sales and purchases of merchandise. Irs state tax forms 2012 See Inventories, later, for exceptions to this rule. Irs state tax forms 2012 Income Under the cash method, you include in your gross income all items of income you actually or constructively receive during the tax year. Irs state tax forms 2012 If you receive property and services, you must include their fair market value (FMV) in income. Irs state tax forms 2012 Constructive receipt. Irs state tax forms 2012   Income is constructively received when an amount is credited to your account or made available to you without restriction. Irs state tax forms 2012 You need not have possession of it. Irs state tax forms 2012 If you authorize someone to be your agent and receive income for you, you are considered to have received it when your agent receives it. Irs state tax forms 2012 Income is not constructively received if your control of its receipt is subject to substantial restrictions or limitations. Irs state tax forms 2012 Example. Irs state tax forms 2012 You are a calendar year taxpayer. Irs state tax forms 2012 Your bank credited, and made available, interest to your bank account in December 2012. Irs state tax forms 2012 You did not withdraw it or enter it into your books until 2013. Irs state tax forms 2012 You must include the amount in gross income for 2012, the year you constructively received it. Irs state tax forms 2012 You cannot hold checks or postpone taking possession of similar property from one tax year to another to postpone paying tax on the income. Irs state tax forms 2012 You must report the income in the year the property is received or made available to you without restriction. Irs state tax forms 2012 Expenses Under the cash method, generally, you deduct expenses in the tax year in which you actually pay them. Irs state tax forms 2012 This includes business expenses for which you contest liability. Irs state tax forms 2012 However, you may not be able to deduct an expense paid in advance. Irs state tax forms 2012 Instead, you may be required to capitalize certain costs, as explained later under Uniform Capitalization Rules. Irs state tax forms 2012 Expense paid in advance. Irs state tax forms 2012   An expense you pay in advance is deductible only in the year to which it applies, unless the expense qualifies for the 12-month rule. Irs state tax forms 2012   Under the 12-month rule, a taxpayer is not required to capitalize amounts paid to create certain rights or benefits for the taxpayer that do not extend beyond the earlier of the following. Irs state tax forms 2012 12 months after the right or benefit begins, or The end of the tax year after the tax year in which payment is made. Irs state tax forms 2012   If you have not been applying the general rule (an expense paid in advance is deductible only in the year to which it applies) and/or the 12-month rule to the expenses you paid in advance, you must obtain approval from the IRS before using the general rule and/or the 12-month rule. Irs state tax forms 2012 See Change in Accounting Method, later. Irs state tax forms 2012 Example 1. Irs state tax forms 2012 You are a calendar year taxpayer and pay $3,000 in 2012 for a business insurance policy that is effective for three years (36 months), beginning on July 1, 2012. Irs state tax forms 2012 The general rule that an expense paid in advance is deductible only in the year to which it applies is applicable to this payment because the payment does not qualify for the 12-month rule. Irs state tax forms 2012 Therefore, only $500 (6/36 x $3,000) is deductible in 2012, $1,000 (12/36 x $3,000) is deductible in 2013, $1,000 (12/36 x $3,000) is deductible in 2014, and the remaining $500 is deductible in 2015. Irs state tax forms 2012 Example 2. Irs state tax forms 2012 You are a calendar year taxpayer and pay $10,000 on July 1, 2012, for a business insurance policy that is effective for only one year beginning on July 1, 2012. Irs state tax forms 2012 The 12-month rule applies. Irs state tax forms 2012 Therefore, the full $10,000 is deductible in 2012. Irs state tax forms 2012 Excluded Entities The following entities cannot use the cash method, including any combination of methods that includes the cash method. Irs state tax forms 2012 (See Special rules for farming businesses, later. Irs state tax forms 2012 ) A corporation (other than an S corporation) with average annual gross receipts exceeding $5 million. Irs state tax forms 2012 See Gross receipts test, below. Irs state tax forms 2012 A partnership with a corporation (other than an S corporation) as a partner, and with the partnership having average annual gross receipts exceeding $5 million. Irs state tax forms 2012 See Gross receipts test, below. Irs state tax forms 2012 A tax shelter. Irs state tax forms 2012 Exceptions The following entities are not prohibited from using the cash method of accounting. Irs state tax forms 2012 Any corporation or partnership, other than a tax shelter, that meets the gross receipts test for all tax years after 1985. Irs state tax forms 2012 A qualified personal service corporation (PSC). Irs state tax forms 2012 Gross receipts test. Irs state tax forms 2012   A corporation or partnership, other than a tax shelter, that meets the gross receipts test can generally use the cash method. Irs state tax forms 2012 A corporation or a partnership meets the test if, for each prior tax year beginning after 1985, its average annual gross receipts are $5 million or less. Irs state tax forms 2012    An entity's average annual gross receipts for a prior tax year is determined by: Adding the gross receipts for that tax year and the 2 preceding tax years; and Dividing the total by 3. Irs state tax forms 2012 See Gross receipts test for qualifying taxpayers, for more information. Irs state tax forms 2012 Generally, a partnership applies the test at the partnership level. Irs state tax forms 2012 Gross receipts for a short tax year are annualized. Irs state tax forms 2012 Aggregation rules. Irs state tax forms 2012   Organizations that are members of an affiliated service group or a controlled group of corporations treated as a single employer for tax purposes are required to aggregate their gross receipts to determine whether the gross receipts test is met. Irs state tax forms 2012 Change to accrual method. Irs state tax forms 2012   A corporation or partnership that fails to meet the gross receipts test for any tax year is prohibited from using the cash method and must change to an accrual method of accounting, effective for the tax year in which the entity fails to meet this test. Irs state tax forms 2012 Special rules for farming businesses. Irs state tax forms 2012   Generally, a taxpayer engaged in the trade or business of farming is allowed to use the cash method for its farming business. Irs state tax forms 2012 However, certain corporations (other than S corporations) and partnerships that have a partner that is a corporation must use an accrual method for their farming business. Irs state tax forms 2012 For this purpose, farming does not include the operation of a nursery or sod farm or the raising or harvesting of trees (other than fruit and nut trees). Irs state tax forms 2012   There is an exception to the requirement to use an accrual method for corporations with gross receipts of $1 million or less for each prior tax year after 1975. Irs state tax forms 2012 For family corporations engaged in farming, the exception applies if gross receipts were $25 million or less for each prior tax year after 1985. Irs state tax forms 2012 See chapter 2 of Publication 225, Farmer's Tax Guide, for more information. Irs state tax forms 2012 Qualified PSC. Irs state tax forms 2012   A PSC that meets the following function and ownership tests can use the cash method. Irs state tax forms 2012 Function test. Irs state tax forms 2012   A corporation meets the function test if at least 95% of its activities are in the performance of services in the fields of health, veterinary services, law, engineering (including surveying and mapping), architecture, accounting, actuarial science, performing arts, or consulting. Irs state tax forms 2012 Ownership test. Irs state tax forms 2012   A corporation meets the ownership test if at least 95% of its stock is owned, directly or indirectly, at all times during the year by one or more of the following. Irs state tax forms 2012 Employees performing services for the corporation in a field qualifying under the function test. Irs state tax forms 2012 Retired employees who had performed services in those fields. Irs state tax forms 2012 The estate of an employee described in (1) or (2). Irs state tax forms 2012 Any other person who acquired the stock by reason of the death of an employee referred to in (1) or (2), but only for the 2-year period beginning on the date of death. Irs state tax forms 2012   Indirect ownership is generally taken into account if the stock is owned indirectly through one or more partnerships, S corporations, or qualified PSCs. Irs state tax forms 2012 Stock owned by one of these entities is considered owned by the entity's owners in proportion to their ownership interest in that entity. Irs state tax forms 2012 Other forms of indirect stock ownership, such as stock owned by family members, are generally not considered when determining if the ownership test is met. Irs state tax forms 2012   For purposes of the ownership test, a person is not considered an employee of a corporation unless that person performs more than minimal services for the corporation. Irs state tax forms 2012 Change to accrual method. Irs state tax forms 2012   A corporation that fails to meet the function test for any tax year; or fails to meet the ownership test at any time during any tax year must change to an accrual method of accounting, effective for the year in which the corporation fails to meet either test. Irs state tax forms 2012 A corporation that fails to meet the function test or the ownership test is not treated as a qualified PSC for any part of that tax year. Irs state tax forms 2012 Accrual Method Under the accrual method of accounting, generally you report income in the year it is earned and deduct or capitalize expenses in the year incurred. Irs state tax forms 2012 The purpose of an accrual method of accounting is to match income and expenses in the correct year. Irs state tax forms 2012 Income Generally, you include an amount in gross income for the tax year in which all events that fix your right to receive the income have occurred and you can determine the amount with reasonable accuracy. Irs state tax forms 2012 Under this rule, you report an amount in your gross income on the earliest of the following dates. Irs state tax forms 2012 When you receive payment. Irs state tax forms 2012 When the income amount is due to you. Irs state tax forms 2012 When you earn the income. Irs state tax forms 2012 When title has passed. Irs state tax forms 2012 Estimated income. Irs state tax forms 2012   If you include a reasonably estimated amount in gross income and later determine the exact amount is different, take the difference into account in the tax year you make that determination. Irs state tax forms 2012 Change in payment schedule. Irs state tax forms 2012   If you perform services for a basic rate specified in a contract, you must accrue the income at the basic rate, even if you agree to receive payments at a reduced rate. Irs state tax forms 2012 Continue this procedure until you complete the services, then account for the difference. Irs state tax forms 2012 Advance Payment for Services Generally, you report an advance payment for services to be performed in a later tax year as income in the year you receive the payment. Irs state tax forms 2012 However, if you receive an advance payment for services you agree to perform by the end of the next tax year, you can elect to postpone including the advance payment in income until the next tax year. Irs state tax forms 2012 However, you cannot postpone including any payment beyond that tax year. Irs state tax forms 2012 Service agreement. Irs state tax forms 2012   You can postpone reporting income from an advance payment you receive for a service agreement on property you sell, lease, build, install, or construct. Irs state tax forms 2012 This includes an agreement providing for incidental replacement of parts or materials. Irs state tax forms 2012 However, this applies only if you offer the property without a service agreement in the normal course of business. Irs state tax forms 2012 Postponement not allowed. Irs state tax forms 2012   Generally, one cannot postpone including an advance payment in income for services if either of the following applies. Irs state tax forms 2012 You are to perform any part of the service after the end of the tax year immediately following the year you receive the advance payment. Irs state tax forms 2012 You are to perform any part of the service at any unspecified future date that may be after the end of the tax year immediately following the year you receive the advance payment. Irs state tax forms 2012 Examples. Irs state tax forms 2012   In each of the following examples, assume the tax year is a calendar year and that the accrual method of accounting is used. Irs state tax forms 2012 Example 1. Irs state tax forms 2012 You manufacture, sell, and service computers. Irs state tax forms 2012 You received payment in 2012 for a one-year contingent service contract on a computer you sold. Irs state tax forms 2012 You can postpone including in income the part of the payment you did not earn in 2012 if, in the normal course of your business, you offer computers for sale without a contingent service contract. Irs state tax forms 2012 Example 2. Irs state tax forms 2012 You are in the television repair business. Irs state tax forms 2012 You received payments in 2012 for one-year contracts under which you agree to repair or replace certain parts that fail to function properly in television sets manufactured and sold by unrelated parties. Irs state tax forms 2012 You include the payments in gross income as you earn them. Irs state tax forms 2012 Example 3. Irs state tax forms 2012 You own a dance studio. Irs state tax forms 2012 On October 1, 2012, you receive payment for a one-year contract for 48 one-hour lessons beginning on that date. Irs state tax forms 2012 You give eight lessons in 2012. Irs state tax forms 2012 Under this method of including advance payments, you must include one-sixth (8/48) of the payment in income for 2012, and five-sixths (40/48) of the payment in 2013, even if you do not give all the lessons by the end of 2013. Irs state tax forms 2012 Example 4. Irs state tax forms 2012 Assume the same facts as in Example 3, except the payment is for a two-year contract for 96 lessons. Irs state tax forms 2012 You must include the entire payment in income in 2012 since part of the services may be performed after the following year. Irs state tax forms 2012 Guarantee or warranty. Irs state tax forms 2012   Generally, you cannot postpone reporting income you receive under a guarantee or warranty contract. Irs state tax forms 2012 Prepaid rent. Irs state tax forms 2012   You cannot postpone reporting income from prepaid rent. Irs state tax forms 2012 Prepaid rent does not include payment for the use of a room or other space when significant service is also provided for the occupant. Irs state tax forms 2012 You provide significant service when you supply space in a hotel, boarding house, tourist home, motor court, motel, or apartment house that furnishes hotel services. Irs state tax forms 2012 Books and records. Irs state tax forms 2012   Any advance payment you include in gross receipts on your tax return for the year you receive payment must not be less than the payment you include in income for financial reports under the method of accounting used for those reports. Irs state tax forms 2012 Financial reports include reports to shareholders, partners, beneficiaries, and other proprietors for credit purposes and consolidated financial statements. Irs state tax forms 2012 IRS approval. Irs state tax forms 2012   You must file Form 3115 to obtain IRS approval to change your method of accounting for advance payment for services. Irs state tax forms 2012 Advance Payment for Sales Special rules apply to including income from advance payments on agreements for future sales or other dispositions of goods held primarily for sale to customers in the ordinary course of your trade or business. Irs state tax forms 2012 However, the rules do not apply to a payment (or part of a payment) for services that are not an integral part of the main activities covered under the agreement. Irs state tax forms 2012 An agreement includes a gift certificate that can be redeemed for goods. Irs state tax forms 2012 Amounts due and payable are considered received. Irs state tax forms 2012 How to report payments. Irs state tax forms 2012   Generally, include an advance payment in income in the year in which you receive it. Irs state tax forms 2012 However, you can use the alternative method, discussed next. Irs state tax forms 2012 Alternative method of reporting. Irs state tax forms 2012   Under the alternative method, generally include an advance payment in income in the earlier tax year in which you: Include advance payments in gross receipts under the method of accounting you use for tax purposes, or Include any part of advance payments in income for financial reports under the method of accounting used for those reports. Irs state tax forms 2012 Financial reports include reports to shareholders, partners, beneficiaries, and other proprietors for credit purposes and consolidated financial statements. Irs state tax forms 2012 Example 1. Irs state tax forms 2012 You are a retailer. Irs state tax forms 2012 You use an accrual method of accounting and account for the sale of goods when you ship the goods. Irs state tax forms 2012 You use this method for both tax and financial reporting purposes. Irs state tax forms 2012 You can include advance payments in gross receipts for tax purposes in either: (a) the tax year in which you receive the payments; or (b) the tax year in which you ship the goods. Irs state tax forms 2012 However, see Exception for inventory goods, later. Irs state tax forms 2012 Example 2. Irs state tax forms 2012 You are a calendar year taxpayer. Irs state tax forms 2012 You manufacture household furniture and use an accrual method of accounting. Irs state tax forms 2012 Under this method, you accrue income for your financial reports when you ship the furniture. Irs state tax forms 2012 For tax purposes, you do not accrue income until the furniture has been delivered and accepted. Irs state tax forms 2012 In 2012, you received an advance payment of $8,000 for an order of furniture to be manufactured for a total price of $20,000. Irs state tax forms 2012 You shipped the furniture to the customer in December 2012, but it was not delivered and accepted until January 2013. Irs state tax forms 2012 For tax purposes, you include the $8,000 advance payment in gross income for 2012; and include the remaining $12,000 of the contract price in gross income for 2013. Irs state tax forms 2012 Information schedule. Irs state tax forms 2012   If you use the alternative method of reporting advance payments, you must attach a statement with the following information to your tax return each year. Irs state tax forms 2012 Total advance payments received in the current tax year. Irs state tax forms 2012 Total advance payments received in earlier tax years and not included in income before the current tax year. Irs state tax forms 2012 Total payments received in earlier tax years included in income for the current tax year. Irs state tax forms 2012 Exception for inventory goods. Irs state tax forms 2012   If you have an agreement to sell goods properly included in inventory, you can postpone including the advance payment in income until the end of the second tax year following the year you receive an advance payment if, on the last day of the tax year, you meet the following requirements. Irs state tax forms 2012 You account for the advance payment under the alternative method (discussed earlier). Irs state tax forms 2012 You have received a substantial advance payment on the agreement (discussed next). Irs state tax forms 2012 You have enough substantially similar goods on hand, or available through your normal source of supply, to satisfy the agreement. Irs state tax forms 2012 These rules also apply to an agreement, such as a gift certificate, that can be satisfied with goods that cannot be identified in the tax year you receive an advance payment. Irs state tax forms 2012   If you meet these conditions, all advance payments you receive by the end of the second tax year, including payments received in prior years but not reported, must be included in income by the second tax year following the tax year of receipt of substantial advance payments. Irs state tax forms 2012 You must also deduct in that second year all actual or estimated costs for the goods required to satisfy the agreement. Irs state tax forms 2012 If you estimated the cost, you must take into account any difference between the estimate and the actual cost when the goods are delivered. Irs state tax forms 2012 Note. Irs state tax forms 2012 You must report any advance payments you receive after the second year in the year received. Irs state tax forms 2012 No further deferral is allowed. Irs state tax forms 2012 Substantial advance payments. Irs state tax forms 2012   Under an agreement for a future sale, you have substantial advance payments if, by the end of the tax year, the total advance payments received during that year and preceding tax years are equal to or more than the total costs reasonably estimated to be includible in inventory because of the agreement. Irs state tax forms 2012 Example. Irs state tax forms 2012 You are a calendar year, accrual method taxpayer who accounts for advance payments under the alternative method. Irs state tax forms 2012 In 2008, you entered into a contract for the sale of goods properly includible in your inventory. Irs state tax forms 2012 The total contract price is $50,000 and you estimate that your total inventoriable costs for the goods will be $25,000. Irs state tax forms 2012 You receive the following advance payments under the contract. Irs state tax forms 2012 2009 $17,500 2010 10,000 2011 7,500 2012 5,000 2013 5,000 2014 5,000 Total contract price $50,000   Your customer asked you to deliver the goods in 2015. Irs state tax forms 2012 In your 2010 closing inventory, you had on hand enough of the type of goods specified in the contract to satisfy the contract. Irs state tax forms 2012 Since the advance payments you had received by the end of 2010 were more than the costs you estimated, the payments are substantial advance payments. Irs state tax forms 2012   For 2012, include in income all payments you received by the end of 2012, the second tax year following the tax year in which you received substantial advance payments. Irs state tax forms 2012 You must include $40,000 in sales for 2012 (the total amounts received from 2009 through 2012) and include in inventory the cost of the goods (or similar goods) on hand. Irs state tax forms 2012 If no such goods are on hand, then estimate the cost necessary to satisfy the contract. Irs state tax forms 2012   No further deferral is allowed. Irs state tax forms 2012 You must include in gross income the advance payment you receive each remaining year of the contract. Irs state tax forms 2012 Take into account the difference between any estimated cost of goods sold and the actual cost when you deliver the goods in 2015. Irs state tax forms 2012 IRS approval. Irs state tax forms 2012   You must file Form 3115 to obtain IRS approval to change your method of accounting for advance payments for sales. Irs state tax forms 2012 Expenses Under an accrual method of accounting, you generally deduct or capitalize a business expense when both the following apply. Irs state tax forms 2012 The all-events test has been met. Irs state tax forms 2012 The test is met when: All events have occurred that fix the fact of liability, and The liability can be determined with reasonable accuracy. Irs state tax forms 2012 Economic performance has occurred. Irs state tax forms 2012 Economic Performance Generally, you cannot deduct or capitalize a business expense until economic performance occurs. Irs state tax forms 2012 If your expense is for property or services provided to you, or for your use of property, economic performance occurs as the property or services are provided or the property is used. Irs state tax forms 2012 If your expense is for property or services you provide to others, economic performance occurs as you provide the property or services. Irs state tax forms 2012 Example. Irs state tax forms 2012 You are a calendar year taxpayer. Irs state tax forms 2012 You buy office supplies in December 2012. Irs state tax forms 2012 You receive the supplies and the bill in December, but you pay the bill in January 2013. Irs state tax forms 2012 You can deduct the expense in 2012 because all events have occurred to fix the liability, the amount of the liability can be determined, and economic performance occurred in 2012. Irs state tax forms 2012 Your office supplies may qualify as a recurring item, discussed later. Irs state tax forms 2012 If so, you can deduct them in 2012, even if the supplies are not delivered until 2013 (when economic performance occurs). Irs state tax forms 2012 Workers' compensation and tort liability. Irs state tax forms 2012   If you are required to make payments under workers' compensation laws or in satisfaction of any tort liability, economic performance occurs as you make the payments. Irs state tax forms 2012 If you are required to make payments to a special designated settlement fund established by court order for a tort liability, economic performance occurs as you make the payments. Irs state tax forms 2012 Taxes. Irs state tax forms 2012   Economic performance generally occurs as estimated income tax, property taxes, employment taxes, etc. Irs state tax forms 2012 are paid. Irs state tax forms 2012 However, you can elect to treat taxes as a recurring item, discussed later. Irs state tax forms 2012 You can also elect to ratably accrue real estate taxes. Irs state tax forms 2012 See chapter 5 of Publication 535 for information about real estate taxes. Irs state tax forms 2012 Other liabilities. Irs state tax forms 2012   Other liabilities for which economic performance occurs as you make payments include liabilities for breach of contract (to the extent of incidental, consequential, and liquidated damages), violation of law, rebates and refunds, awards, prizes, jackpots, insurance, and warranty and service contracts. Irs state tax forms 2012 Interest. Irs state tax forms 2012   Economic performance occurs with the passage of time (as the borrower uses, and the lender forgoes use of, the lender's money) rather than as payments are made. Irs state tax forms 2012 Compensation for services. Irs state tax forms 2012   Generally, economic performance occurs as an employee renders service to the employer. Irs state tax forms 2012 However, deductions for compensation or other benefits paid to an employee in a year subsequent to economic performance are subject to the rules governing deferred compensation, deferred benefits, and funded welfare benefit plans. Irs state tax forms 2012 For information on employee benefit programs, see Publication 15-B, Employer's Tax Guide to Fringe Benefits. Irs state tax forms 2012 Vacation pay. Irs state tax forms 2012   You can take a current deduction for vacation pay earned by your employees if you pay it during the year or, if the amount is vested, within 2½ months after the end of the year. Irs state tax forms 2012 If you pay it later than this, you must deduct it in the year actually paid. Irs state tax forms 2012 An amount is vested if your right to it cannot be nullified or cancelled. Irs state tax forms 2012 Exception for recurring items. Irs state tax forms 2012   An exception to the economic performance rule allows certain recurring items to be treated as incurred during the tax year even though economic performance has not occurred. Irs state tax forms 2012 The exception applies if all the following requirements are met. Irs state tax forms 2012 The all-events test, discussed earlier, is met. Irs state tax forms 2012 Economic performance occurs by the earlier of the following dates. Irs state tax forms 2012 8½ months after the close of the year. Irs state tax forms 2012 The date you file a timely return (including extensions) for the year. Irs state tax forms 2012 The item is recurring in nature and you consistently treat similar items as incurred in the tax year in which the all-events test is met. Irs state tax forms 2012 Either: The item is not material, or Accruing the item in the year in which the all-events test is met results in a better match against income than accruing the item in the year of economic performance. Irs state tax forms 2012 This exception does not apply to workers' compensation or tort liabilities. Irs state tax forms 2012 Amended return. Irs state tax forms 2012   You may be able to file an amended return and treat a liability as incurred under the recurring item exception. Irs state tax forms 2012 You can do so if economic performance for the liability occurs after you file your tax return for the year, but within 8½ months after the close of the tax year. Irs state tax forms 2012 Recurrence and consistency. Irs state tax forms 2012   To determine whether an item is recurring and consistently reported, consider the frequency with which the item and similar items are incurred (or expected to be incurred) and how you report these items for tax purposes. Irs state tax forms 2012 A new expense or an expense not incurred every year can be treated as recurring if it is reasonable to expect that it will be incurred regularly in the future. Irs state tax forms 2012 Materiality. Irs state tax forms 2012   Factors to consider in determining the materiality of a recurring item include the size of the item (both in absolute terms and in relation to your income and other expenses) and the treatment of the item on your financial statements. Irs state tax forms 2012   An item considered material for financial statement purposes is also considered material for tax purposes. Irs state tax forms 2012 However, in certain situations an immaterial item for financial accounting purposes is treated as material for purposes of economic performance. Irs state tax forms 2012 Matching expenses with income. Irs state tax forms 2012   Costs directly associated with the revenue of a period are properly allocable to that period. Irs state tax forms 2012 To determine whether the accrual of an expense in a particular year results in a better match with the income to which it relates, generally accepted accounting principles (GAAP; visit www. Irs state tax forms 2012 fasab. Irs state tax forms 2012 gov/accepted. Irs state tax forms 2012 html) are an important factor. Irs state tax forms 2012   For example, if you report sales income in the year of sale, but you do not ship the goods until the following year, the shipping costs are more properly matched to income in the year of sale than the year the goods are shipped. Irs state tax forms 2012 Expenses that cannot be practically associated with income of a particular period, such as advertising costs, should be assigned to the period the costs are incurred. Irs state tax forms 2012 However, the matching requirement is considered met for certain types of expenses. Irs state tax forms 2012 These expenses include taxes, payments under insurance, warranty, and service contracts, rebates, refunds, awards, prizes, and jackpots. Irs state tax forms 2012 Expenses Paid in Advance An expense you pay in advance is deductible only in the year to which it applies, unless the expense qualifies for the 12-month rule. Irs state tax forms 2012 Under the 12-month rule, a taxpayer is not required to capitalize amounts paid to create certain rights or benefits for the taxpayer that do not extend beyond the earlier of the following. Irs state tax forms 2012 12 months after the right or benefit begins, or The end of the tax year after the tax year in which payment is made. Irs state tax forms 2012 If you have not been applying the general rule (an expense paid in advance is deductible only in the year to which it applies) and/or the 12-month rule to the expenses you paid in advance, you must get IRS approval before using the general rule and/or the 12-month rule. Irs state tax forms 2012 See Change in Accounting Method, later, for information on how to get IRS approval. Irs state tax forms 2012 See Expense paid in advance under Cash Method, earlier, for examples illustrating the application of the general and 12-month rules. Irs state tax forms 2012 Related Persons Business expenses and interest owed to a related person who uses the cash method of accounting are not deductible until you make the payment and the corresponding amount is includible in the related person's gross income. Irs state tax forms 2012 Determine the relationship for this rule as of the end of the tax year for which the expense or interest would otherwise be deductible. Irs state tax forms 2012 See section 267 of the Internal Revenue Code and Publication 542, Corporations, for the definition of related person. Irs state tax forms 2012 Inventories An inventory is necessary to clearly show income when the production, purchase, or sale of merchandise is an income-producing factor. Irs state tax forms 2012 If you must account for an inventory in your business, you must use an accrual method of accounting for your purchases and sales. Irs state tax forms 2012 However, see Exceptions, next. Irs state tax forms 2012 See also Accrual Method, earlier. Irs state tax forms 2012 To figure taxable income, you must value your inventory at the beginning and end of each tax year. Irs state tax forms 2012 To determine the value, you need a method for identifying the items in your inventory and a method for valuing these items. Irs state tax forms 2012 See Identifying Cost and Valuing Inventory, later. Irs state tax forms 2012 The rules for valuing inventory are not the same for all businesses. Irs state tax forms 2012 The method you use must conform to generally accepted accounting principles for similar businesses and must clearly reflect income. Irs state tax forms 2012 Your inventory practices must be consistent from year to year. Irs state tax forms 2012 The rules discussed here apply only if they do not conflict with the uniform capitalization rules of section 263A and the mark-to-market rules of section 475. Irs state tax forms 2012 Exceptions The following taxpayers can use the cash method of accounting even if they produce, purchase, or sell merchandise. Irs state tax forms 2012 These taxpayers can also account for inventoriable items as materials and supplies that are not incidental (discussed later). Irs state tax forms 2012 A qualifying taxpayer under Revenue Procedure 2001-10 on page 272 of Internal Revenue Bulletin 2001-2, available at www. Irs state tax forms 2012 irs. Irs state tax forms 2012 gov/pub/irs-irbs/irb01–02. Irs state tax forms 2012 pdf. Irs state tax forms 2012 A qualifying small business taxpayer under Revenue Procedure 2002-28, on page 815 of Internal Revenue Bulletin 2002-18, available at www. Irs state tax forms 2012 irs. Irs state tax forms 2012 gov/pub/irs-irbs/irb02–18. Irs state tax forms 2012 pdf. Irs state tax forms 2012 In addition to the information provided in this publication, you should see the revenue procedures referenced in the list, above, and the instructions for Form 3115 for information you will need to adopt or change to these accounting methods (see Changing methods, later). Irs state tax forms 2012 Qualifying taxpayer. Irs state tax forms 2012   You are a qualifying taxpayer under Revenue Procedure 2001-10 only if: You satisfy the gross receipts test for each prior tax year ending on or after December 17, 1998 (see Gross receipts test for qualifying taxpayers, next). Irs state tax forms 2012 Your average annual gross receipts for each test year (explained in Step 1, listed next) must be $1 million or less. Irs state tax forms 2012 You are not a tax shelter as defined under section 448(d)(3) of the Internal Revenue Code. Irs state tax forms 2012 Gross receipts test for qualifying taxpayers. Irs state tax forms 2012   To determine if you meet the gross receipts test for qualifying taxpayers, use the following steps: Step 1. Irs state tax forms 2012 List each of the test years. Irs state tax forms 2012 For qualifying taxpayers under Revenue Procedure 2001-10, the test years are each prior tax year ending on or after December 17, 1998. Irs state tax forms 2012 Step 2. Irs state tax forms 2012 Determine your average annual gross receipts for each test year listed in Step 1. Irs state tax forms 2012 Your average annual gross receipts for a tax year is determined by adding the gross receipts for that tax year and the 2 preceding tax years and dividing the total by 3. Irs state tax forms 2012 Step 3. Irs state tax forms 2012 You meet the gross receipts test for qualifying taxpayers if your average annual gross receipts for each test year listed in Step 1 is $1 million or less. Irs state tax forms 2012 Qualifying small business taxpayer. Irs state tax forms 2012   You are a qualifying small business taxpayer under Revenue Procedure 2002-28 only if: You satisfy the gross receipts test for each prior tax year ending on or after December 31, 2000 (see Gross receipts test for qualifying small business taxpayers, next). Irs state tax forms 2012 Your average annual gross receipts for each test year (explained in Step 1, listed next) must be $10 million or less. Irs state tax forms 2012 You are not prohibited from using the cash method under section 448 of the Internal Revenue Code. Irs state tax forms 2012 Your principle business activity is an eligible business. Irs state tax forms 2012 See Eligible business, later. Irs state tax forms 2012 You have not changed (or have not been required to change) from the cash method because you became ineligible to use the cash method under Revenue Procedure 2002-28. Irs state tax forms 2012 Note. Irs state tax forms 2012 Revenue Procedure 2002-28 does not apply to a farming business of a qualifying small business taxpayer. Irs state tax forms 2012 A taxpayer engaged in the trade or business of farming generally is allowed to use the cash method for any farming business. Irs state tax forms 2012 See Special rules for farming businesses under Cash Method, earlier. Irs state tax forms 2012 Gross receipts test for qualifying small business taxpayers. Irs state tax forms 2012   To determine if you meet the gross receipts test for qualifying small business taxpayers, use the following steps: Step 1. Irs state tax forms 2012 List each of the test years. Irs state tax forms 2012 For qualifying small business taxpayers under Revenue Procedure 2002-28, the test years are each prior tax year ending on or after December 31, 2000. Irs state tax forms 2012 Step 2. Irs state tax forms 2012 Determine your average annual gross receipts for each test year listed in Step 1. Irs state tax forms 2012 Your average annual gross receipts for a tax year is determined by adding the gross receipts for that tax year and the 2 preceding tax years and dividing the total by 3. Irs state tax forms 2012 Step 3. Irs state tax forms 2012 You meet the gross receipts test for qualifying small business taxpayers if your average annual gross receipts for each test year listed in Step 1 is $10 million or less. Irs state tax forms 2012 Eligible business. Irs state tax forms 2012   An eligible business is any business for which a qualified small business taxpayer can use the cash method and choose to not keep an inventory. Irs state tax forms 2012 You have an eligible business if you meet any of the following requirements. Irs state tax forms 2012 Your principal business activity is described in a North American Industry Classification System (NAICS) code other than any of the following NAICS subsector codes: NAICS codes 211 and 212 (mining activities). Irs state tax forms 2012 NAICS codes 31-33 (manufacturing). Irs state tax forms 2012 NAICS code 42 (wholesale trade). Irs state tax forms 2012 NAICS codes 44-45 (retail trade). Irs state tax forms 2012 NAICS codes 5111 and 5122 (information industries). Irs state tax forms 2012 Your principal business activity is the provision of services, including the provision of property incident to those services. Irs state tax forms 2012 Your principal business activity is the fabrication or modification of tangible personal property upon demand in accordance with customer design or specifications. Irs state tax forms 2012   Information about the NAICS codes can be found at http://www. Irs state tax forms 2012 census. Irs state tax forms 2012 gov/naics or in the instructions for your federal income tax return. Irs state tax forms 2012 Gross receipts. Irs state tax forms 2012   In general, gross receipts must include all receipts from all your trades or businesses that must be recognized under the method of accounting you used for that tax year for federal income tax purposes. Irs state tax forms 2012 See the definit
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Irs state tax forms 2012 9. Irs state tax forms 2012   Ingresos y Gastos de Alquiler Table of Contents Introduction Useful Items - You may want to see: Ingresos de Alquiler Gastos de AlquilerDesocupada mientras está en venta. Irs state tax forms 2012 Reparaciones y Mejoras Otros Gastos Propiedad que Pasa a Ser de Alquiler Alquiler de Parte de una Propiedad Alquiler sin Fines de Lucro Uso Personal de una Unidad Habitable (Incluyendo una Casa de Vacaciones)Cómo Dividir los Gastos Unidad Habitable Usada como Vivienda Cómo Declarar Ingresos y Deducciones DepreciaciónCambio de método contable para deducir depreciación no declarada. Irs state tax forms 2012 Límites sobre las Pérdidas de AlquilerReglas sobre el Monto de Riesgo Límites sobre las Actividades Pasivas Cómo Declarar Ingresos y Gastos de AlquilerAnexo E (Formulario 1040) Introduction Este capítulo trata sobre los ingresos y gastos de alquiler y abarca también los temas siguientes: Uso personal de una unidad habitable (incluyendo una casa de vacaciones). Irs state tax forms 2012 Depreciación. Irs state tax forms 2012 Límites sobre las pérdidas de alquiler. Irs state tax forms 2012 Cómo declarar sus ingresos y gastos de alquiler. Irs state tax forms 2012 Si vende o enajena su propiedad alquilada, vea la Publicación 544, Sales and Other Dispositions of Assets (Ventas y otras enajenaciones de bienes), en inglés. Irs state tax forms 2012 Si ha sufrido una pérdida por daños a su propiedad de alquiler o por el robo de ésta, vea la Publicación 547(SP), Hechos Fortuitos, Desastres y Robos. Irs state tax forms 2012 Si alquila un condominio o un apartamento de una cooperativa de viviendas, existen reglas especiales que son aplicables en su caso, aunque recibe un trato tributable igual al de los demás dueños de propiedad alquilada. Irs state tax forms 2012 Vea la Publicación 527, Residential Rental Property (Propiedad residencial de alquiler), en inglés, para más información. Irs state tax forms 2012 Useful Items - You may want to see: Publicación 527 Residential Rental Property (Propiedad residencial de alquiler), en inglés 534 Depreciating Property Placed in Service Before 1987 (Depreciación de propiedad puesta en uso antes de 1987), en inglés 535 Business Expenses (Gastos de negocio), en inglés 925 Passive Activity and At-Risk Rules (Actividad pasiva y reglas sobre el monto a riesgo), en inglés 946 How To Depreciate Property (Cómo depreciar la propiedad), en inglés Formulario (e Instrucciones) 4562 Depreciation and Amortization (Depreciación y amortización), en inglés 6251 Alternative Minimum Tax – Individuals (Impuesto mínimo alternativo —personas físicas), en inglés 8582 Passive Activity Loss Limitations (Limitaciones de las pérdidas de actividades pasivas), en inglés Anexo E (Formulario 1040) Supplemental Income and Loss (Ingresos y pérdidas suplementarios), en inglés Ingresos de Alquiler En la mayoría de los casos, tiene que incluir en su ingreso bruto todas las cantidades que reciba como alquiler. Irs state tax forms 2012 El ingreso de alquiler es todo pago que reciba por el uso u ocupación de la propiedad. Irs state tax forms 2012 Además de las cantidades que reciba como pagos de alquiler normales, hay otras cantidades que pueden considerarse ingreso de alquiler. Irs state tax forms 2012 Cuándo declarar los ingresos de alquiler. Irs state tax forms 2012   Si usted es contribuyente que utiliza el método a base de efectivo, declare el ingreso de alquiler en su declaración de impuestos para el año en que realmente o implícitamente lo recibió. Irs state tax forms 2012 Usted es contribuyente que utiliza el método a base de efectivo si declara ingreso en el año en que lo recibe, sin tener en cuenta cuándo ganó dicho ingreso. Irs state tax forms 2012 Usted recibe ingresos implícitamente cuando los adquiere, por ejemplo, al ser abonados en su cuenta bancaria. Irs state tax forms 2012   Para más información sobre el recibo implícito de ingresos, vea Métodos Contables , en el capítulo 1. Irs state tax forms 2012 Alquiler anticipado. Irs state tax forms 2012   El alquiler anticipado es toda cantidad que reciba antes del período que cubre el pago. Irs state tax forms 2012 Incluya el alquiler anticipado en su ingreso de alquiler en el año en que lo recibe, sin tener en cuenta el período cubierto ni el método contable que utilice. Irs state tax forms 2012 Ejemplo. Irs state tax forms 2012 Usted firma un contrato de arrendamiento de 10 años para alquilar su propiedad. Irs state tax forms 2012 Durante el primer año, recibe $5,000 por el alquiler del primer año y $5,000 por el alquiler del último año indicado en el contrato de arrendamiento. Irs state tax forms 2012 Usted tiene que incluir $10,000 en su ingreso en el primer año. Irs state tax forms 2012 Anulación de un contrato de arrendamiento. Irs state tax forms 2012   Si su inquilino le paga para anular un contrato de arrendamiento, la cantidad que reciba se considera alquiler. Irs state tax forms 2012 Incluya este pago en sus ingresos del año en que lo recibió, independientemente de cuál sea su método contable. Irs state tax forms 2012 Gastos pagados por el inquilino. Irs state tax forms 2012   Si su inquilino paga cualquiera de los gastos suyos, los pagos se consideran ingreso de alquiler. Irs state tax forms 2012 Ya que tiene que incluir los gastos en su ingreso, puede deducir los gastos si representan gastos de alquiler deducibles. Irs state tax forms 2012 Vea Gastos de Alquiler , más adelante, para información adicional. Irs state tax forms 2012 Propiedad o servicios. Irs state tax forms 2012   Si recibe propiedad o servicios como alquiler, en vez de dinero, incluya el valor justo de mercado de la propiedad o de los servicios en su ingreso de alquiler. Irs state tax forms 2012   Si los servicios son proporcionados a un precio acordado o especificado o sobre el cual los interesados se han puesto de acuerdo, ese precio será el valor justo de mercado a no ser que existan pruebas de lo contrario. Irs state tax forms 2012 Depósitos de garantía. Irs state tax forms 2012   No incluya un depósito de garantía en su ingreso cuando lo reciba si tiene la intención de devolvérselo a su inquilino al término del contrato de arrendamiento. Irs state tax forms 2012 Pero si guarda todo o una parte del depósito de garantía o la totalidad de éste, durante cualquier año porque su inquilino no cumplió las condiciones del contrato de arrendamiento, incluya la cantidad que mantuvo como ingresos en ese año. Irs state tax forms 2012   Si una cantidad denominada depósito de garantía se utilizará como último pago de alquiler, se considerará alquiler anticipado. Irs state tax forms 2012 Inclúyala en sus ingresos cuando la reciba. Irs state tax forms 2012 Participación parcial. Irs state tax forms 2012   Si tiene participación parcial en una propiedad de alquiler, tendrá que declarar su parte del ingreso de alquiler que haya recibido de la propiedad. Irs state tax forms 2012 Alquiler de propiedad que se usa también como su vivienda personal. Irs state tax forms 2012   Si alquila propiedad que también usa como su vivienda personal y la alquila por menos de 15 días durante el año tributario, no incluya el alquiler que reciba en sus ingresos y no deduzca los gastos de dicho alquiler. Irs state tax forms 2012 Sin embargo, puede deducir en el Anexo A (Formulario 1040) los intereses, los impuestos y las pérdidas personales causadas por hechos fortuitos o robos que se admiten para propiedad no alquilada. Irs state tax forms 2012 Vea Uso Personal de una Unidad Habitable (Incluyendo una Casa de Vacaciones) , más adelante. Irs state tax forms 2012 Gastos de Alquiler Esta sección trata sobre los gastos de alquiler que usted generalmente puede deducir de su ingreso de alquiler. Irs state tax forms 2012 También en esta sección se incluye información sobre los gastos que puede deducir si alquila una parte de su propiedad, o si cambia sus bienes para propósitos de alquiler. Irs state tax forms 2012 La depreciación , la cual también puede deducir de su ingreso de alquiler, se explica más adelante. Irs state tax forms 2012 Uso personal de propiedad de alquiler. Irs state tax forms 2012   Si a veces usa su propiedad de alquiler para fines personales, tiene que dividir los gastos entre uso por alquiler y uso personal. Irs state tax forms 2012 Además, sus deducciones por gastos de alquiler pueden ser limitadas. Irs state tax forms 2012 Vea Uso Personal de una Unidad Habitable (Incluyendo una Casa de Vacaciones) , más adelante. Irs state tax forms 2012 Participación parcial. Irs state tax forms 2012   Si tiene participación parcial en una propiedad de alquiler, los gastos pagados se pueden deducir según el porcentaje de propiedad que le corresponde. Irs state tax forms 2012 Cuándo deducir los gastos de alquiler. Irs state tax forms 2012   Si es contribuyente que utiliza el método a base de efectivo, usted generalmente deduce sus gastos de alquiler en el año en que los paga. Irs state tax forms 2012 Depreciación. Irs state tax forms 2012   Puede empezar a depreciar la propiedad de alquiler cuando esté lista y disponible para ser alquilada. Irs state tax forms 2012 Vea Placed in Service (Puesta en uso) bajo When Does Depreciation Begin and End (¿Cuándo comienza y termina la depreciación?), en el capítulo 2 de la Publicación 527, en inglés. Irs state tax forms 2012 Gastos previos al alquiler. Irs state tax forms 2012   Puede deducir sus gastos ordinarios y necesarios por administrar, conservar o mantener propiedad de alquiler a partir de la fecha en que la ponga a la disposición de inquilinos. Irs state tax forms 2012 Alquileres por cobrar. Irs state tax forms 2012   Si es contribuyente que utiliza el método a base de efectivo, no deduzca los alquileres por cobrar. Irs state tax forms 2012 Debido a que no los incluye en su ingreso, no los puede deducir. Irs state tax forms 2012 Propiedad desocupada de alquiler. Irs state tax forms 2012   Si tiene propiedad de alquiler, es posible que pueda deducir los gastos ordinarios y necesarios (incluyendo depreciación) por administrar, conservar o mantener la propiedad mientras esté desocupada. Irs state tax forms 2012 Sin embargo, no puede deducir pérdida alguna del ingreso de alquiler para el período en que la propiedad está desocupada. Irs state tax forms 2012 Desocupada mientras está en venta. Irs state tax forms 2012   Si vende alguna propiedad que tenía para alquiler, usted puede deducir los gastos ordinarios y necesarios para administrar, conservar o mantener la propiedad hasta que se venda. Irs state tax forms 2012 Si la propiedad no se ofrece ni está disponible para ser alquilada mientras está en venta, los gastos no son gastos de alquiler deducibles. Irs state tax forms 2012 Reparaciones y Mejoras Generalmente, un gasto por reparaciones o mantenimiento de su propiedad de alquiler se puede deducir si no está requerido a capitalizar el gasto. Irs state tax forms 2012 Mejoras. Irs state tax forms 2012   Tiene que capitalizar cualquier gasto que pague para mejorar su propiedad de alquiler. Irs state tax forms 2012 Un gasto es para una mejora si resulta en un mejoramiento de su propiedad, si restaura su propiedad, o modifica su propiedad para un uso nuevo o diferente. Irs state tax forms 2012 Mejoramientos. Irs state tax forms 2012   Gastos que pueden resultar en un mejoramiento a su propiedad incluyen gastos para arreglar un defecto o fallo preexistente, ampliar o expander su propiedad, o aumentar la capacidad, resistencia, o calidad de su propiedad. Irs state tax forms 2012 Restauración. Irs state tax forms 2012   Gastos que pueden ser para la restauración incluyen gastos para reemplazar una parte sustancial de la estructura de su propiedad, reparar daños resultantes de un hecho fortuito después de ajustar la base correctamente, o reconstruir su propiedad para restaurarla a una condición como nueva. Irs state tax forms 2012 Adaptación. Irs state tax forms 2012   Gastos que pueden ser para la adaptación incluyen gastos para modificar su propiedad con fines de darle un uso que no sea el uso previsto y ordinario de la propiedad cuando empezó a alquilarla. Irs state tax forms 2012 Separe los costos de reparaciones de los costos de mejoras y mantenga registros precisos de éstos. Irs state tax forms 2012 Usted necesitará saber el costo de mejoras cuando venda o deprecie su propiedad. Irs state tax forms 2012 Por lo general, los gastos capitalizados para la mejora de su propiedad se pueden depreciar como si la mejora fuera propiedad separada. Irs state tax forms 2012 Otros Gastos Otros gastos que puede deducir de los ingresos de alquiler incluyen publicidad, servicios de limpieza y mantenimiento, servicios públicos, seguro contra incendios y seguro de daños a terceros, impuestos, intereses, comisiones por el cobro de alquiler, viajes y transporte ordinarios y necesarios, y otros gastos explicados a continuación. Irs state tax forms 2012 Primas de seguro pagadas por anticipado. Irs state tax forms 2012   Si paga una prima de seguro con más de un año de anticipación, por cada año de cobertura puede deducir la parte del pago de la prima que corresponderá a ese año. Irs state tax forms 2012 No puede deducir la prima total en el año en que usted la pague. Irs state tax forms 2012 Honorarios legales y otros honorarios profesionales. Irs state tax forms 2012   Puede deducir, como gastos de alquiler, gastos legales y otros gastos profesionales; por ejemplo, gastos de preparación de la declaración de impuestos que pagó por preparar la Parte I del Anexo E (Formulario 1040). Irs state tax forms 2012 Por ejemplo, en su Anexo E del año 2013, usted puede deducir cargos pagados en el año 2013 por preparar la Parte I de su Anexo E del año 2012. Irs state tax forms 2012 También puede deducir, como gasto de alquiler, todo gasto (que no sea impuestos federales y multas) que haya pagado para resolver un pago incompleto de impuestos relacionado con sus actividades de alquiler. Irs state tax forms 2012 Impuestos sobre beneficios locales. Irs state tax forms 2012   Por lo general, no puede deducir cargos por beneficios locales que aumenten el valor de su propiedad, tales como cargos por construir calles, banquetas o aceras, o sistemas de agua o alcantarillado. Irs state tax forms 2012 Estos cobros son gastos de capital que no se pueden depreciar y se tienen que añadir a la base de su propiedad. Irs state tax forms 2012 No obstante, puede deducir impuestos sobre beneficios locales si son para mantener, reparar o pagar cargos de intereses por los beneficios. Irs state tax forms 2012 Gastos de transporte local. Irs state tax forms 2012    Tal vez pueda deducir sus gastos de transporte local ordinarios y necesarios si incurrió en los mismos para cobrar ingresos de alquiler o para administrar, conservar o mantener su propiedad alquilada. Irs state tax forms 2012 Sin embargo, los gastos incurridos para viajar y regresar desde su domicilio a una propiedad de alquiler constituyen gastos no deducibles por la ida y vuelta a su trabajo, a menos que utilice su domicilio como lugar principal de negocios. Irs state tax forms 2012 Vea la Publicación 587, Business Use of Your Home (Uso de su domicilio para propósitos comerciales), en inglés, para saber si la oficina en su domicilio puede considerarse lugar principal de negocios. Irs state tax forms 2012   Generalmente, si usa su automóvil personal, camioneta o furgoneta para actividades de alquiler, puede deducir sus gastos usando uno de los métodos siguientes: los gastos reales o la tasa estándar por milla. Irs state tax forms 2012 Para 2013, la tarifa estándar por milla de uso comercial es 56. Irs state tax forms 2012 5 centavos por milla. Irs state tax forms 2012 Para más información, vea el capítulo 26. Irs state tax forms 2012    Para deducir los gastos de automóvil bajo cualquiera de los dos métodos, tiene que mantener documentación que cumpla los requisitos del capítulo 26. Irs state tax forms 2012 Además, tiene que completar la Parte V del Formulario 4562, en inglés, y adjuntarla a su declaración de impuestos. Irs state tax forms 2012 Alquiler de equipo. Irs state tax forms 2012   Puede deducir el alquiler que pague por equipo que utilice para propósitos de alquiler. Irs state tax forms 2012 Sin embargo, en algunos casos, los contratos de arrendamiento son en realidad contratos de compra. Irs state tax forms 2012 De ser así, usted no puede deducir estos pagos. Irs state tax forms 2012 Por medio de depreciación, puede recuperar el costo del equipo que usted haya comprado. Irs state tax forms 2012 Alquiler de propiedad. Irs state tax forms 2012   Puede deducir el alquiler que usted pague por propiedad que usa para propósitos de alquiler. Irs state tax forms 2012 Si compra derechos de arrendamiento con fines de alquiler, puede deducir una parte igual del costo cada año a lo largo de la vigencia del contrato de arrendamiento. Irs state tax forms 2012 Gastos de viaje. Irs state tax forms 2012   Puede deducir los gastos ordinarios y necesarios asociados con viajes fuera del área donde viva usted si el motivo principal del viaje es cobrar ingreso de alquiler o para administrar, conservar, o mantener su propiedad de alquiler. Irs state tax forms 2012 Tiene que asignar sus gastos correctamente entre actividades de alquiler y actividades para otros fines. Irs state tax forms 2012 Usted no puede deducir los gastos asociados con viajes fuera del área donde vive si el motivo principal del viaje fue realizar mejoras a su propiedad. Irs state tax forms 2012 Por medio de la depreciación, se recupera el costo de mejoras. Irs state tax forms 2012 Para más información sobre gastos de viaje, vea el capítulo 26. Irs state tax forms 2012    Para deducir gastos de viaje, tiene que mantener documentación que cumpla los requisitos del capítulo 26. Irs state tax forms 2012   Vea la sección titulada Rental Expenses (Gastos de alquiler), en la Publicación 527, en inglés, para más información. Irs state tax forms 2012 Propiedad que Pasa a Ser de Alquiler Si cambia su casa u otra propiedad (o una parte de ella) para uso de alquiler en cualquier momento que no sea al principio del año tributario, tendrá que dividir sus gastos anuales, tales como los impuestos y el seguro, entre uso por alquiler y uso personal. Irs state tax forms 2012 Puede deducir como gastos de alquiler solamente la parte del gasto que corresponde a la parte del año en que usó o mantuvo la propiedad para propósitos de alquiler. Irs state tax forms 2012 No puede deducir depreciación o seguro alguno por la parte del año en que mantuvo la propiedad para uso personal. Irs state tax forms 2012 Sin embargo, puede incluir los intereses hipotecarios sobre su casa, primas de seguro hipotecario que reúnan los requisitos y los gastos de los impuestos de bienes raíces como deducción detallada en el Anexo A (Formulario 1040) para la parte del año en que la propiedad se usó para fines personales. Irs state tax forms 2012 Ejemplo. Irs state tax forms 2012 Su año tributario es el año natural. Irs state tax forms 2012 Usted se mudó de su casa en mayo y empezó a alquilarla el 1 de junio. Irs state tax forms 2012 Puede deducir como gastos de alquiler siete doceavos (7/12) de sus gastos anuales, tales como impuestos y seguro. Irs state tax forms 2012 A partir del mes de junio, puede deducir como gastos de alquiler las cantidades que paga por artículos que generalmente se facturan mensualmente, como es el caso de los servicios públicos. Irs state tax forms 2012 Alquiler de Parte de una Propiedad Si alquila una parte de su propiedad, tiene que dividir ciertos gastos entre la parte de la propiedad usada para propósitos de alquiler y aquélla usada para fines personales como si tuviera realmente dos propiedades distintas. Irs state tax forms 2012 Usted puede deducir los gastos relacionados con la parte de la propiedad usada para alquiler, tales como intereses hipotecarios sobre su casa, primas de seguro hipotecario que reúnan los requisitos e impuestos de bienes raíces, como gastos de alquiler en el Anexo E (Formulario 1040). Irs state tax forms 2012 También puede deducir como gastos de alquiler una parte de otros gastos que normalmente son gastos personales no deducibles, tales como aquéllos de electricidad o de pintar el exterior de su casa. Irs state tax forms 2012 No ha habido cambios en cuanto a los tipos de gastos que se pueden deducir por la parte de su propiedad destinada a uso personal. Irs state tax forms 2012 Normalmente, estos gastos se pueden deducir solamente si detalla sus deducciones en el Anexo A del Formulario 1040. Irs state tax forms 2012 Usted no puede deducir parte alguna del costo de la primera línea telefónica aunque sus inquilinos tengan acceso ilimitado. Irs state tax forms 2012 No tiene que dividir los gastos que pertenecen solamente a la parte alquilada de su propiedad. Irs state tax forms 2012 Por ejemplo, si pinta un cuarto que alquila, o si paga primas por seguro de daños con respecto al alquiler de un cuarto de su casa, su costo entero se considerará gasto de alquiler. Irs state tax forms 2012 Si instala una segunda línea telefónica para el uso exclusivo de sus inquilinos, todo costo de la segunda línea telefónica se podrá deducir como gasto de alquiler. Irs state tax forms 2012 Como se explica más adelante, puede deducir depreciación sobre la parte de la vivienda que usó para alquiler y también sobre los muebles y el equipo que utilizó para propósitos de alquiler. Irs state tax forms 2012 Cómo dividir los gastos. Irs state tax forms 2012   Si un gasto es tanto por uso de alquiler como uso personal, tales como intereses hipotecarios o calefacción para toda la casa, usted tiene que dividir el gasto entre el uso de alquiler y el uso personal. Irs state tax forms 2012 Puede usar cualquier método razonable para dividir el gasto. Irs state tax forms 2012 Puede resultarle razonable dividir el costo de algunos artículos (por ejemplo, el agua) basándose en cuántas personas los usan. Irs state tax forms 2012 Los dos métodos más comunes para dividir un gasto son aquéllos que se basan en (1) cuántos cuartos hay en su casa y (2) el número de pies cuadrados de su casa. Irs state tax forms 2012 Alquiler sin Fines de Lucro Si no alquila su propiedad con fines de lucro, podrá deducir sus gastos de alquiler solamente hasta llegar a la cantidad de su ingreso de alquiler. Irs state tax forms 2012 No se puede deducir una pérdida ni trasladar al año siguiente ningún gasto de alquiler superior a su ingreso de alquiler de ese año. Irs state tax forms 2012 Para saber más sobre las reglas que corresponden a una actividad a la cual no se dedica con fines de lucro, vea Not-for-Profit Activities (Actividades sin fines de lucro), en el capítulo 1 de la Publicación 535, en inglés. Irs state tax forms 2012 Dónde se anota la deducción. Irs state tax forms 2012   Declare su ingreso de alquiler sin fines de lucro en la línea 21 del Formulario 1040. Irs state tax forms 2012 Por ejemplo, puede incluir sus intereses hipotecarios y toda prima de seguro hipotecario que reúna los requisitos (si usa la propiedad como su vivienda principal o segunda vivienda), impuestos sobre bienes raíces y pérdidas fortuitas en las líneas correspondientes del Anexo A (Formulario 1040) Itemized Deductions (Deducciones detalladas), si detalla las deducciones. Irs state tax forms 2012   Si detalla sus deducciones, anote los demás gastos de alquiler, sujetos a las reglas explicadas en el capítulo 1 de la Publicación 535, en inglés, como deducciones detalladas misceláneas en la línea 23 del Anexo A (Formulario 1040). Irs state tax forms 2012 Puede deducir estos gastos solamente si el total de éstos, junto con otras deducciones detalladas misceláneas, es mayor del 2% de su ingreso bruto ajustado. Irs state tax forms 2012 Uso Personal de una Unidad Habitable (Incluyendo una Casa de Vacaciones) Si usa una unidad habitable para fines personales (incluyendo una casa de vacaciones) que alquila, tiene que dividir sus gastos entre uso de alquiler y uso personal. Irs state tax forms 2012 Normalmente, los gastos de alquiler no serán mayores que el total de los gastos multiplicados por una fracción; el denominador de la cual es el número total de días que se usa la unidad habitable, y el numerador de la cual es el número total de días que realmente se alquila a un precio justo de alquiler. Irs state tax forms 2012 Sólo los gastos de alquiler podrían deducirse en el Anexo E del Formulario 1040. Irs state tax forms 2012 Algunos gastos personales podrían deducirse si usted detalla las deducciones en el Anexo A del Formulario 1040. Irs state tax forms 2012 Usted también tiene que determinar si la unidad habitable se considera una vivienda. Irs state tax forms 2012 Si la unidad habitable se considera una vivienda, la cantidad de gastos de alquiler que puede deducir podría limitarse. Irs state tax forms 2012 Si una unidad habitable se considera o no una vivienda depende de cuántos días durante el año se consideren días de uso personal. Irs state tax forms 2012 Existe una regla especial si utilizó la unidad habitable como vivienda y la alquiló por menos de 15 días durante el año. Irs state tax forms 2012 Unidad habitable. Irs state tax forms 2012    Una unidad habitable incluye una casa, un apartamento, un condominio, una casa móvil, un barco, una vivienda de vacaciones o bienes semejantes. Irs state tax forms 2012 Asimismo, incluye toda estructura u otros bienes pertenecientes a dicha unidad. Irs state tax forms 2012 Una unidad habitable tiene comodidades básicas para vivir, tales como espacio para dormir, un inodoro e instalaciones para cocinar. Irs state tax forms 2012    Una unidad habitable no incluye propiedad que se usa solamente como un hotel, un motel, una hostería o establecimiento semejante. Irs state tax forms 2012 La propiedad se usa solamente como hotel, motel, hostería o establecimiento semejante si está abierta habitualmente para clientes que pagan y si no la usa su dueño como vivienda durante el año. Irs state tax forms 2012 Ejemplo. Irs state tax forms 2012 Usted alquila una habitación en su casa que siempre está disponible para arrendamiento a corto plazo para clientes que pagan. Irs state tax forms 2012 Usted mismo no usa la habitación y permite solamente que los clientes la usen. Irs state tax forms 2012 La habitación tiene uso exclusivo como hotel, motel, hostería o establecimiento semejante y no es una unidad habitable. Irs state tax forms 2012 Cómo Dividir los Gastos Si usa una unidad habitable para fines de alquiler y para fines personales, divida sus gastos entre uso de alquiler y uso personal basándose en el número de días usados para cada fin. Irs state tax forms 2012 Al dividir sus gastos, siga estas reglas: Cualquier día en que se alquile la unidad a un precio justo de alquiler es un día de uso de alquiler aunque la usara para propósitos personales ese día. Irs state tax forms 2012 Esta regla no es aplicable al determinar si la usó como vivienda. Irs state tax forms 2012 Cualquier día en que la unidad esté disponible para alquilarse, pero no se alquila en realidad, no se considera día de uso para fines de alquiler. Irs state tax forms 2012 Ejemplo. Irs state tax forms 2012 Su casa de playa estuvo disponible para ser alquilada desde el 1 de junio hasta el 31 de agosto (92 días). Irs state tax forms 2012 Durante este período, salvo la primera semana de agosto (7 días) cuando no pudo hallar a un inquilino, alquiló su casa de playa a un precio justo de alquiler. Irs state tax forms 2012 La persona que alquiló la casa en julio permitió que usted la usara por un fin de semana (2 días) sin ninguna reducción ni reembolso del alquiler. Irs state tax forms 2012 La familia de usted también usó la casa de playa durante las dos últimas semanas de mayo (14 días). Irs state tax forms 2012 La casa no fue usada en absoluto antes del 17 de mayo o después del 31 de agosto. Irs state tax forms 2012 Usted calcula la parte de los gastos de la casa que se considerarán gastos de alquiler de la manera siguiente: La casa se usó para alquiler un total de 85 días (92 menos 7). Irs state tax forms 2012 Los días en que estuvo disponible para ser alquilada, pero que no se alquiló (7 días) no se consideran días de uso de alquiler. Irs state tax forms 2012 El fin de semana de julio (2 días) en el cual la usó constituye uso de alquiler porque recibió un precio justo de alquiler por el fin de semana. Irs state tax forms 2012 Usó la casa para propósitos personales durante 14 días (las dos últimas semanas de mayo). Irs state tax forms 2012 El uso total de la casa fue 99 días (14 días de uso personal + 85 días de uso de alquiler). Irs state tax forms 2012 Sus gastos de alquiler son 85/99 (86%) de los gastos de la casa. Irs state tax forms 2012 Nota. Irs state tax forms 2012 Para determinar si usó la casa como vivienda, el fin de semana de julio (2 días) en que usted la usó se considera uso personal aunque haya recibido un precio justo de alquiler por el fin de semana. Irs state tax forms 2012 Por lo tanto, tuvo 16 días de uso personal y 83 días de uso por alquiler. Irs state tax forms 2012 Debido a que usted usó la casa para fines personales más de 14 días y más del 10% de los días en alquiler (8 días), la usó entonces como vivienda. Irs state tax forms 2012 Si tiene una pérdida neta, tal vez no pueda deducir todos los gastos de alquiler. Irs state tax forms 2012 Vea Unidad Habitable Usada como Vivienda, a continuación. Irs state tax forms 2012 Unidad Habitable Usada como Vivienda Si usa una unidad habitable para propósitos de alquiler y propósitos personales, el trato tributario de los gastos de alquiler que calculó anteriormente bajo Cómo dividir los gastos y los ingresos de alquiler depende de si se considera que usted usa la unidad habitable como vivienda. Irs state tax forms 2012 Usted usa una unidad habitable como vivienda durante el año tributario si la utiliza para fines personales más de cualquiera de las siguientes que sea mayor: 14 días o el 10% del total de días durante los cuales se les alquila a otras personas a un precio justo de alquiler. Irs state tax forms 2012 Vea ¿Qué es un día de uso personal? , más adelante. Irs state tax forms 2012 Precio justo de alquiler. Irs state tax forms 2012   Por lo general, un precio justo de alquiler de su propiedad es aquella cantidad que una persona que no sea su pariente estaría dispuesta a pagar. Irs state tax forms 2012 El alquiler que usted cobra no es precio justo de alquiler si es considerablemente menor que los alquileres que se cobran por otras propiedades semejantes en su área. Irs state tax forms 2012   Si una unidad habitable se usa para propósitos personales en un día en que se alquila a un precio justo de alquiler, no cuente ese día como uso de alquiler al aplicarse el punto (2) anteriormente. Irs state tax forms 2012 En lugar de esto, cuéntelo como día de uso personal al aplicarse los puntos (1) y (2) anteriores. Irs state tax forms 2012 ¿Qué es un día de uso personal?   Un día de uso personal de una unidad habitable es cualquier día en que ésta sea usada por cualquiera de las personas siguientes: Usted o cualquier otra persona con intereses financieros en la unidad, a no ser que se la alquile a otro dueño como su vivienda principal según un acuerdo de financiación de patrimonio neto compartido (definido más adelante). Irs state tax forms 2012 Sin embargo, vea Días usados como vivienda principal antes o después de alquilar , más adelante. Irs state tax forms 2012 Un pariente suyo o de la familia de cualquier otra persona que tenga intereses financieros en la unidad, a no ser que el pariente use la unidad habitable como su vivienda principal y pague un precio justo de alquiler. Irs state tax forms 2012 La familia incluye únicamente a su cónyuge, sus hermanos y hermanas, medios hermanos y medias hermanas, antepasados (padres, abuelos, etc. Irs state tax forms 2012 ) y descendientes directos (hijos, nietos, etc. Irs state tax forms 2012 ). Irs state tax forms 2012 Cualquier persona que, según un acuerdo, le permita a usted que use otra unidad habitable. Irs state tax forms 2012 Cualquier persona que la use a un precio menor que el precio justo de alquiler. Irs state tax forms 2012 Vivienda principal. Irs state tax forms 2012   Si la otra persona o pariente mencionado en los puntos (1) ó (2) anteriores tiene más de una vivienda, su vivienda principal es generalmente aquélla en que vivió la mayor parte del tiempo. Irs state tax forms 2012 Acuerdo de financiación de patrimonio neto compartido. Irs state tax forms 2012   Éste es un acuerdo según el cual dos personas o más obtienen intereses financieros no divididos en la totalidad de una misma unidad habitable, inclusive el terreno, por más de 50 años, y uno o más de los copropietarios tiene derecho de ocupar la unidad habitable como su vivienda principal, si paga alquiler al (a los demás) copropietario(s). Irs state tax forms 2012 Donación del uso de propiedad. Irs state tax forms 2012   Usted usa una unidad habitable para propósitos personales si: Dona el uso de la unidad a una institución de caridad, Dicha institución vende el uso de la unidad en una actividad de recaudación de fondos y El “comprador” usa la unidad. Irs state tax forms 2012 Ejemplos. Irs state tax forms 2012   Los siguientes ejemplos demuestran cómo determinar los días de uso personal: Ejemplo 1. Irs state tax forms 2012 Usted y su vecino son copropietarios de un condominio en la playa. Irs state tax forms 2012 El año pasado, les alquilaron el condominio a turistas siempre que fuera posible. Irs state tax forms 2012 Nadie usó el condominio como vivienda principal. Irs state tax forms 2012 Su vecino usó el condominio 2 semanas el año pasado; usted no lo utilizó en absoluto. Irs state tax forms 2012 Debido a que su vecino tiene participación en el condominio, se considera que tanto él como usted han usado el condominio para propósitos personales durante esas 2 semanas. Irs state tax forms 2012 Ejemplo 2. Irs state tax forms 2012 Usted y sus vecinos son copropietarios de una casa conforme a un acuerdo de financiación de patrimonio neto compartido. Irs state tax forms 2012 Sus vecinos viven en la casa y le pagan a usted un precio justo de alquiler. Irs state tax forms 2012 Aunque los vecinos tienen intereses financieros en la casa, los días en que ellos viven allí no cuentan como días de uso personal para usted. Irs state tax forms 2012 Eso se debe a que sus vecinos alquilan la casa como su vivienda principal conforme a un acuerdo de financiación de patrimonio neto compartido. Irs state tax forms 2012 Ejemplo 3. Irs state tax forms 2012 Usted posee una propiedad de alquiler que le arrienda a su hijo. Irs state tax forms 2012 Su hijo no tiene interés financiero en esta propiedad. Irs state tax forms 2012 La usa como su vivienda principal y le paga a usted un precio justo de alquiler por la propiedad. Irs state tax forms 2012 El uso de la propiedad por parte de su hijo no representa uso personal por parte de usted porque su hijo la está usando como vivienda principal, no tiene interés financiero en la propiedad y le está pagando a usted un precio justo. Irs state tax forms 2012 Ejemplo 4. Irs state tax forms 2012 Usted le alquila su casa de playa a Josué. Irs state tax forms 2012 Josué le alquila a usted su casa en las montañas. Irs state tax forms 2012 Cada uno paga un precio justo de alquiler. Irs state tax forms 2012 Usted usa su propia casa para fines personales los días en que él la usa porque Josué usa su casa conforme a un acuerdo que le permite a usted usar la casa de él. Irs state tax forms 2012 Días usados para reparaciones y mantenimiento. Irs state tax forms 2012   Cualquier día que pase trabajando sustancialmente a tiempo completo, reparando y manteniendo (no mejorando) su propiedad, no se cuenta como día de uso personal. Irs state tax forms 2012 No cuente tal día como día de uso personal aunque sus parientes usen la propiedad para actividades recreativas en el mismo día. Irs state tax forms 2012 Días usados como vivienda principal antes o después de alquilar. Irs state tax forms 2012   Con el fin de determinar si una unidad habitable se usó como vivienda, quizás no tenga que contar como días de uso personal los días en que usó la propiedad como vivienda principal antes o después de haberla alquilado u ofrecido en arrendamiento. Irs state tax forms 2012 No los cuente como días de uso personal si: Usted alquiló o trató de alquilar la propiedad por 12 o más meses seguidos. Irs state tax forms 2012 Usted alquiló o trató de alquilar la propiedad durante un período menor a 12 meses seguidos y el período se terminó porque vendió o canjeó la propiedad. Irs state tax forms 2012 Sin embargo, este requisito especial no es aplicable al dividir gastos entre uso de alquiler y uso personal. Irs state tax forms 2012 Ejemplos. Irs state tax forms 2012   Los siguientes ejemplos demuestran cómo determinar si usó su propiedad alquilada como vivienda. Irs state tax forms 2012 Ejemplo 1. Irs state tax forms 2012 Usted convirtió el sótano de su casa en un apartamento con un dormitorio, un baño y una cocina pequeña. Irs state tax forms 2012 Les alquiló el apartamento del sótano, a un precio justo de alquiler, a estudiantes universitarios durante el año escolar. Irs state tax forms 2012 Lo alquiló con un contrato de arrendamiento de 9 meses (273 días). Irs state tax forms 2012 Calculó que 27 días son el 10% del total de días en que la vivienda se alquiló a otras personas a un precio justo de alquiler. Irs state tax forms 2012 En el mes de junio (30 días), sus hermanos se alojaron con usted y vivieron en el apartamento del sótano sin pagar alquiler. Irs state tax forms 2012 El apartamento del sótano fue usado como vivienda porque lo usó para propósitos personales por 30 días. Irs state tax forms 2012 Si sus hermanos usaron el apartamento sin pagar alquiler, eso se considera uso personal. Irs state tax forms 2012 El uso personal (30 días) supera el total más alto entre: 14 días o el 10% del total de días durante los cuales fue alquilado (27 días). Irs state tax forms 2012 Ejemplo 2. Irs state tax forms 2012 Usted alquiló el dormitorio para huéspedes en su casa a un precio justo de alquiler durante los fines de semana de la fiesta de Homecoming, de la ceremonia de entrega de diplomas y de fútbol de la universidad local (un total de 27 días). Irs state tax forms 2012 Su cuñada se alojó en el dormitorio, sin pagar alquiler, durante las últimas 3 semanas (21 días) de julio. Irs state tax forms 2012 Usted calculó que el 10% del total de días en que el dormitorio se alquiló a otras personas a un precio justo de alquiler es 3 días. Irs state tax forms 2012 El dormitorio se usó como vivienda porque fue utilizado para propósitos personales por 21 días. Irs state tax forms 2012 Eso supera el total más alto de: 14 días o el 10% de los 27 días durante los cuales se alquiló (3 días). Irs state tax forms 2012 Ejemplo 3. Irs state tax forms 2012 Usted es dueño de un condominio en un lugar turístico. Irs state tax forms 2012 Lo alquiló a un precio justo de alquiler por 170 días durante el año. Irs state tax forms 2012 Por 12 de esos días, el inquilino no pudo usar el condominio y permitió que lo usara usted aunque usted no le reembolsó ninguna parte del alquiler. Irs state tax forms 2012 De hecho, la familia de usted usó el condominio por 10 de esos días. Irs state tax forms 2012 Por lo tanto, se considera que el condominio fue alquilado por 160 días (170 menos 10). Irs state tax forms 2012 Usted calculó que el 10% del total de días en que el dormitorio se alquiló a los demás a un precio justo de alquiler es 16 días. Irs state tax forms 2012 Su familia también usó el condominio por otros 7 días durante el año. Irs state tax forms 2012 Usted usó el condominio como vivienda porque lo usó para propósitos personales por 17 días. Irs state tax forms 2012 Eso supera el total más alto de: 14 días o el 10% de los 160 días durante los cuales fue alquilado (16 días). Irs state tax forms 2012 Uso de alquiler mínimo. Irs state tax forms 2012   Si usa la unidad habitable como vivienda y la alquila por menos de 15 días durante el año, ese período no se considera actividad de alquiler. Irs state tax forms 2012 Para información adicional, vea Propiedad usada como vivienda, y alquilada menos de 15 días, más adelante. Irs state tax forms 2012 Límite sobre las deducciones. Irs state tax forms 2012   Alquilar una unidad habitable que se considera una vivienda no es una actividad pasiva. Irs state tax forms 2012 En lugar de ello, si los gastos de alquiler son mayores que los ingresos de alquiler, parte, o tal vez todos los gastos en exceso no pueden utilizarse para compensar ingresos de otras fuentes. Irs state tax forms 2012 Los gastos en exceso que no se pueden utilizar para compensar ingresos de otras fuentes se trasladan al año siguiente y se consideran gastos de alquiler para la misma propiedad. Irs state tax forms 2012 Todos los gastos trasladados al año siguiente estarán sujetos a los límites correspondientes a dicho año. Irs state tax forms 2012 Este límite corresponde a los gastos trasladados a un año posterior aunque no utilice la propiedad como su vivienda en dicho año posterior. Irs state tax forms 2012   Para calcular los gastos de alquiler deducibles que corresponden al año en curso y los gastos que se trasladan al año que viene, utilice la Hoja de Trabajo 9-1. Irs state tax forms 2012 Cómo Declarar Ingresos y Deducciones Propiedad no usada para fines personales. Irs state tax forms 2012   Si no usa una unidad habitable para fines personales, vea Cómo Declarar Ingresos y Gastos de Alquiler , más adelante, para saber cómo declarar los ingresos y gastos de alquiler. Irs state tax forms 2012 Propiedad usada para fines personales. Irs state tax forms 2012   Si usa una unidad habitable para fines personales, la manera en que usted declara sus ingresos y gastos de alquiler depende de si usted usó la unidad habitable como vivienda. Irs state tax forms 2012 Propiedad no usada como vivienda. Irs state tax forms 2012   Si usted usa una unidad habitable para fines personales, pero no como vivienda, declare todos sus ingresos de alquiler en sus ganancias. Irs state tax forms 2012 Ya que usted usó la unidad habitable para fines personales, usted debe dividir los gastos entre el uso de alquiler y el uso personal, según se describió anteriormente, bajo Cómo Dividir los Gastos . Irs state tax forms 2012 Los gastos correspondientes a su uso personal no son deducibles como gastos de alquiler. Irs state tax forms 2012   Sin embargo, sus gastos de alquiler deducibles pueden ser mayores que sus ingresos brutos de alquiler. Irs state tax forms 2012 Vea Límites sobre las Pérdidas de Alquiler , más adelante. Irs state tax forms 2012 Propiedad usada como vivienda, y alquilada menos de 15 días. Irs state tax forms 2012   Si usa una unidad habitable como vivienda, y la alquila menos de 15 días durante el año, se considera que su función principal no es de alquiler, y no debe ser declarada en el Anexo E (Formulario 1040). Irs state tax forms 2012 No se le requiere declarar sus ingresos ni gastos de alquiler provenientes de esta actividad. Irs state tax forms 2012 Los gastos, incluso los intereses hipotecarios que reúnen los requisitos, impuestos sobre los bienes raíces, y toda pérdida por hecho fortuito que reúna los requisitos se deben declarar de la manera normalmente permitida, en el Anexo A (Formulario 1040). Irs state tax forms 2012 Vea las Instrucciones del Anexo A (Formulario 1040) para más información acerca de cómo deducir estos gastos. Irs state tax forms 2012 Propiedad usada como vivienda, y alquilada 15 días o más. Irs state tax forms 2012   Si usa una unidad habitable como vivienda y la alquila 15 días o más durante el año, incluya todos los ingresos de alquiler en sus ganancias. Irs state tax forms 2012 Ya que usted usó la unidad habitable para fines personales, usted debe dividir sus gastos entre el uso de alquiler y el uso personal, según se describió anteriormente, bajo Cómo Dividir los Gastos . Irs state tax forms 2012 Los gastos correspondientes al uso personal no son deducibles como gastos de alquiler. Irs state tax forms 2012   Si recibió una utilidad neta por alquilar la unidad habitable por el año (es decir, si sus ingresos de alquiler son mayores que el total de sus gastos de alquiler, incluyendo la depreciación), deduzca todos sus gastos de alquiler. Irs state tax forms 2012 No necesitará usar la Hoja de Trabajo 9-1. Irs state tax forms 2012   Sin embargo, si usted tuvo una pérdida neta por alquilar la unidad habitable ese año, la deducción por ciertos gastos de alquiler está limitada. Irs state tax forms 2012 Para calcular sus gastos de alquiler deducibles, y toda cantidad traspasable al año siguiente, use la Hoja de Trabajo 9-1. Irs state tax forms 2012 Depreciación Usted recupera el costo de su propiedad que produce ingresos a través de deducciones tributables anuales. Irs state tax forms 2012 Esto se hace depreciando la propiedad; es decir, deduciendo una parte de su costo cada año en su declaración de impuestos. Irs state tax forms 2012 Hay tres factores que determinan la cantidad de depreciación que usted puede deducir cada año: (1) su base en la propiedad, (2) el período de recuperación de la propiedad y (3) el método de depreciación que se usa. Irs state tax forms 2012 No puede simplemente deducir como gastos sus pagos de hipoteca o capital o el costo de muebles, instalaciones fijas y equipo. Irs state tax forms 2012 Usted puede deducir depreciación solamente sobre la parte de su propiedad que se usa para fines de alquiler. Irs state tax forms 2012 La depreciación reduce su base para calcular la ganancia o la pérdida sobre una venta o intercambio futuro. Irs state tax forms 2012 Quizás tenga que usar el Formulario 4562, en inglés, para calcular y declarar la depreciación. Irs state tax forms 2012 Vea Cómo Declarar Ingresos y Gastos de Alquiler , más adelante. Irs state tax forms 2012 Impuesto mínimo alternativo. Irs state tax forms 2012   Si utiliza la depreciación acelerada, es posible que esté sujeto al impuesto mínimo alternativo. Irs state tax forms 2012 La depreciación acelerada le permite deducir más depreciación más temprano en el periodo de recuperación de la que podría deducir si utilizara el método de la depreciación uniforme (la misma deducción cada año). Irs state tax forms 2012 Declaración de la cantidad correcta de depreciación. Irs state tax forms 2012   Usted debería declarar la cantidad correcta de depreciación cada año tributario. Irs state tax forms 2012 Si no ha declarado toda la cantidad de depreciación que tenía derecho a deducir, aún tiene que reducir el valor de la base de la propiedad por la cantidad total de depreciación que hubiera podido deducir. Irs state tax forms 2012   Si dedujo una cantidad incorrecta de depreciación para propiedad en un año cualquiera, puede hacer una corrección para ese año presentando el Formulario 1040X, Amended U. Irs state tax forms 2012 S. Irs state tax forms 2012 Individual Income Tax Return (Declaración enmendada del impuesto federal sobre el ingreso personal de los Estados Unidos), en inglés. Irs state tax forms 2012 Si no se le permite hacer la corrección en una declaración enmendada, puede cambiar su método contable para declarar la cantidad correcta de depreciación. Irs state tax forms 2012 Vea Claiming the Correct Amount of Depreciation (Declaración de la cantidad correcta de depreciación), en el capítulo 2 de la Publicación 527, en inglés, para más información. Irs state tax forms 2012 Cambio de método contable para deducir depreciación no declarada. Irs state tax forms 2012   Para cambiar su método contable, normalmente tiene que presentar el Formulario 3115, Application for Change in Accounting Method (Solicitud para el cambio de método contable), en inglés, para obtener la autorización del Servicio de Impuestos Internos. Irs state tax forms 2012 En algunos casos, puede recibir autorización automática. Irs state tax forms 2012 Para más información, vea el capítulo 1 de la Publicación 946, en inglés. Irs state tax forms 2012 Terreno. Irs state tax forms 2012   No puede depreciar el costo del terreno porque normalmente el terreno no se desgasta, no se vuelve obsoleto, ni se agota. Irs state tax forms 2012 Los costos para despejar y nivelar el terreno, junto con aquéllos para plantar y jardinear, normalmente forman parte del costo del terreno y no se pueden depreciar. Irs state tax forms 2012 Información adicional. Irs state tax forms 2012   Vea la Publicación 527, en inglés, para información sobre cómo depreciar propiedad de alquiler y vea la Publicación 946, en inglés, para más información sobre la depreciación. Irs state tax forms 2012 Límites sobre las Pérdidas de Alquiler Si tiene alguna pérdida de su actividad de alquiler de bienes raíces, dos clases de reglas pueden limitar la cantidad que puede deducir de las pérdidas. Irs state tax forms 2012 Tiene que considerar estas reglas en el mismo orden a continuación. Irs state tax forms 2012 Reglas sobre el monto de riesgo. Irs state tax forms 2012 Estas reglas son aplicadas primero si hay inversión en su actividad de alquiler de bienes raíces por la cual usted no tiene monto de riesgo. Irs state tax forms 2012 Esto es aplicable sólo si la propiedad de bienes raíces fue puesta en uso después de 1986. Irs state tax forms 2012 Límites sobre las actividades pasivas. Irs state tax forms 2012 Por lo general, las actividades relacionadas con el alquiler de bienes raíces son consideradas como actividades pasivas y las pérdidas no son deducibles al menos que tenga ingresos de otras actividades pasivas para compensar las pérdidas. Irs state tax forms 2012 Sin embargo, existen excepciones. Irs state tax forms 2012 Reglas sobre el Monto de Riesgo Podría estar sujeto a las reglas sobre el monto de riesgo si tiene: Una pérdida de una actividad de una ocupación o negocio o para generar ingresos, y Cantidades invertidas en la actividad por la cual usted no tiene un riesgo completo. Irs state tax forms 2012 Las pérdidas provenientes de la posesión de bienes raíces (aparte de propiedades minerales) puestos en uso antes de 1987 no están sujetas a las reglas sobre el monto de riesgo. Irs state tax forms 2012 Por lo general, cualquier pérdida de una actividad sujeta a las reglas sobre el monto de riesgo se permite solamente según la cantidad total que tenga en riesgo en la actividad al final del año tributario. Irs state tax forms 2012 Se considera que usted está en una actividad de riesgo según el dinero y la base ajustada de otras propiedades que haya aportado en la actividad y ciertas cantidades que haya recibido en préstamo para la actividad. Irs state tax forms 2012 Vea la Publicación 925, en inglés, para más información. Irs state tax forms 2012 Límites sobre las Actividades Pasivas Por lo general, todas las actividades relacionadas con el alquiler de bienes raíces (excepto las de ciertos agentes de bienes raíces, más adelante) son actividades pasivas. Irs state tax forms 2012 En este contexto, una actividad de alquiler es aquélla mediante la cual recibe ingresos principalmente por el uso de propiedad tangible, en lugar de servicios. Irs state tax forms 2012 Límites sobre las deducciones y los créditos de actividades pasivas. Irs state tax forms 2012    Las deducciones o pérdidas generadas por actividades pasivas están limitadas. Irs state tax forms 2012 Por lo general, usted no puede compensar los ingresos, salvo aquéllos pasivos, con pérdidas provenientes de actividades pasivas. Irs state tax forms 2012 Tampoco puede compensar los impuestos sobre el ingreso, a menos que sea ingreso pasivo, con créditos que resulten de actividades pasivas. Irs state tax forms 2012 Toda pérdida o crédito excedente se traspasa al año tributario siguiente. Irs state tax forms 2012   Para una explicación detallada de estas reglas, vea la Publicación 925, en inglés. Irs state tax forms 2012    Posiblemente tenga que completar el Formulario 8582, en inglés, para calcular la cantidad de cualquier pérdida de actividad pasiva del año tributario en curso para todas las actividades y la cantidad de la pérdida por actividades pasivas permitida en su declaración de impuestos. Irs state tax forms 2012 Agentes de bienes raíces. Irs state tax forms 2012   Las actividades de alquiler en las cuales participó materialmente durante el año no son actividades pasivas si, en ese año, usted era agente de bienes raíces. Irs state tax forms 2012 Para una explicación detallada de los requisitos, vea la Publicación 527, en inglés. Irs state tax forms 2012 Para una explicación detallada de la participación material, vea la Publicación 925, en inglés. Irs state tax forms 2012 Excepción por el Uso Personal de una Unidad Habitable Si usted utilizó la propiedad de alquiler como su hogar durante el año, todo ingreso, deducción, ganancia o pérdida que le corresponde a dicho uso no se tomará en cuenta para propósitos del límite sobre la pérdida de actividades pasivas. Irs state tax forms 2012 En vez de eso, siga las reglas que se explican bajo el tema titulado Uso Personal de una Unidad Habitable (Incluyendo una Casa de Vacaciones) , anteriormente. Irs state tax forms 2012 Excepción para Actividades de Alquiler de Bienes Raíces con Participación Activa Si usted o su cónyuge participaron activamente en una actividad pasiva de alquiler de bienes raíces, quizás podría deducir de su ingreso no pasivo hasta $25,000 en pérdidas provenientes de dicha actividad. Irs state tax forms 2012 Este descuento especial es una excepción a la regla general que no admite las pérdidas que excedan del monto de los ingresos procedentes de actividades pasivas. Irs state tax forms 2012 De igual modo, usted quizás podría compensar los impuestos con créditos de hasta $25,000 de ingresos no pasivos que provengan de dicha actividad después de tomar en consideración cualquier pérdida permitida por esta excepción. Irs state tax forms 2012 Participación activa. Irs state tax forms 2012   Usted participó activamente en una actividad de bienes raíces de alquiler si usted (y su cónyuge) era(n) dueño(s) de por lo menos el 10% de la propiedad alquilada y tomó decisiones de administración o hizo las gestiones para que otros proveyeran servicios (tales como reparaciones) de manera importante y bona fide (de buena fe). Irs state tax forms 2012 Las decisiones de administración que pueden contar como participación activa incluyen el aprobar inquilinos nuevos, decidir términos de alquiler, aprobar gastos y decisiones semejantes. Irs state tax forms 2012 Descuento especial máximo. Irs state tax forms 2012   El descuento especial máximo es: $25,000 para solteros y casados que presenten una declaración conjunta para el año tributario, $12,500 para casados que presenten la declaración por separado para el año tributario y que hayan vivido separados de sus cónyuges en todo momento del año tributario y $25,000 para un caudal hereditario calificado, menos el descuento especial al que tiene derecho el cónyuge sobreviviente. Irs state tax forms 2012   Si sus ingresos brutos ajustados modificados (MAGI, por sus siglas en inglés) son $100,000 o menos ($50,000 o menos si son casados que presentan la declaración por separado), puede deducir la pérdida hasta la cantidad especificada arriba. Irs state tax forms 2012 Si su MAGI es superior a $100,000 (superior a $50,000 si son casados que presentan la declaración por separado), el descuento especial se limita al 50% de la diferencia entre $150,000 ($75,000 si son casados que presentan la declaración por separado) y su MAGI. Irs state tax forms 2012   Por lo general, si su MAGI es $150,000 o más ($75,000 si son casados que presentan la declaración por separado), no hay descuento especial. Irs state tax forms 2012 Información adicional. Irs state tax forms 2012   Vea la Publicación 925, en inglés, para obtener más información acerca de los límites sobre las pérdidas pasivas, incluida información sobre el trato de créditos y de pérdidas pasivas no permitidas sin usar y el trato de ganancias y pérdidas devengadas por enajenación de una actividad pasiva. Irs state tax forms 2012 Cómo Declarar Ingresos y Gastos de Alquiler El formulario básico para declarar ingresos y gastos de alquiler residencial es el Anexo E (Formulario 1040). Irs state tax forms 2012 Sin embargo, no utilice ese anexo para declarar una actividad sin fines de lucro. Irs state tax forms 2012 Consulte Alquiler sin Fines de Lucro , anteriormente. Irs state tax forms 2012 Prestación de servicios sustanciales. Irs state tax forms 2012   Si proporciona servicios sustanciales que sean principalmente para la comodidad del inquilino, tales como limpieza regular, cambio de ropa de cama o servicio de criado doméstico, usted tiene que declarar los ingresos y gastos de alquiler en el Anexo C (Formulario 1040), Profit or Loss From Business (Ganancia o pérdida de negocios), o el Anexo C-EZ (Formulario 1040), Net Profit From Business (Sole Proprietorship) (Utilidad neta de negocios (empresa con dueño único)), en inglés. Irs state tax forms 2012 Los servicios sustanciales no incluyen el abastecimiento de calefacción y luz, limpieza de áreas públicas, recogida de basura, etcétera. Irs state tax forms 2012 Para más información, vea la Publicación 334, Tax Guide for Small Business (Guía de impuestos para pequeños negocios), en inglés. Irs state tax forms 2012 Puede también estar obligado a pagar el impuesto del trabajo por cuenta propia sobre su ingreso de alquiler utilizando el Anexo SE (Formulario 1040), Self-Employment Tax (Impuesto del trabajo por cuenta propia). Irs state tax forms 2012    Use el Formulario 1065, U. Irs state tax forms 2012 S. Irs state tax forms 2012 Return of Partnership Income (Declaración de ingresos de sociedades colectivas de los Estados Unidos), en inglés, si su actividad de alquiler es de una sociedad colectiva (incluyendo una sociedad colectiva con su cónyuge a menos que sea una empresa conjunta que reúne los requisitos). Irs state tax forms 2012 Empresa conjunta que reúne los requisitos. Irs state tax forms 2012   Si usted y su cónyuge cada uno participan materialmente como los únicos socios de un negocio de bienes raíces del cual la posesión y operación es conjunta, y presentan una declaración conjunta para el año tributario, pueden elegir conjuntamente que se les considere como si fueran una empresa conjunta que reúne los requisitos en vez de una sociedad colectiva. Irs state tax forms 2012 En la mayoría de los casos, esta elección no aumentará el total adeudado de impuestos en la declaración conjunta, pero sí le provee a cada uno un crédito por los ingresos del Seguro Social, en los cuales se basan los beneficios de jubilación, y para la cobertura de Medicare, si sus ingresos de alquiler están sujetos al impuesto sobre el trabajo por cuenta propia. Irs state tax forms 2012 Para más información, vea la Publicación 527, en inglés. Irs state tax forms 2012 Formulario 1098, Mortgage Interest Statement (Informe de intereses hipotecarios), en inglés. Irs state tax forms 2012    Si le pagó $600 o más en intereses hipotecarios sobre su propiedad de alquiler a alguna persona, usted debería recibir el Formulario 1098 o un informe semejante que señale los intereses que pagó para el año. Irs state tax forms 2012 Si usted y por lo menos otra persona (aparte de su cónyuge si presenta una declaración conjunta) fueron responsables de intereses sobre la hipoteca y pagaron dichos intereses y la otra persona recibió el Formulario 1098, declare su parte de los intereses en la línea 13 del Anexo E (Formulario 1040). Irs state tax forms 2012 Adjunte una nota a su declaración de impuestos mostrando el nombre y la dirección de la otra persona. Irs state tax forms 2012 En el margen izquierdo del Anexo E, al lado de la línea 13, escriba “See attached” (Vea información adjunta). Irs state tax forms 2012 Anexo E (Formulario 1040) Si alquila edificios, habitaciones o apartamentos y provee solamente servicios básicos, tales como calefacción, luz, servicios de basura, etc. Irs state tax forms 2012 , normalmente declararía sus ingresos y gastos de alquiler en la Parte I del Anexo E (Formulario 1040). Irs state tax forms 2012 Enumere la lista de sus ingresos, gastos y depreciación totales para cada propiedad de alquiler. Irs state tax forms 2012 Asegúrese de anotar el número de días de alquiler a un precio justo de alquiler y días de uso personal en la línea 2. Irs state tax forms 2012 Si tiene más de tres propiedades de alquiler o de regalía, complete y adjunte cuantos Anexos E sean necesarios para enumerar las propiedades. Irs state tax forms 2012 Complete las líneas 1 y 2 para cada propiedad. Irs state tax forms 2012 No obstante, llene las líneas 23a a 26 solamente en un Anexo E. Irs state tax forms 2012 En la línea 18 de la página 1 del Anexo E, anote la depreciación que reclama por cada propiedad. Irs state tax forms 2012 Para averiguar si tiene que adjuntar el Formulario 4562, en inglés, vea la sección titulada Form 4562 (Formulario 4562), bajo el capítulo 3 de la Publicación 527, en inglés. Irs state tax forms 2012 Si tiene una pérdida de su actividad de alquiler de bienes raíces, tal vez tenga que completar uno o ambos de los siguientes formularios. Irs state tax forms 2012 Formulario 6198, At-Risk Limitations (Límites sobre el monto en riesgo), en inglés. Irs state tax forms 2012 Vea Reglas sobre el Monto de Riesgo , anteriormente. Irs state tax forms 2012 También vea la Publicación 925, en inglés. Irs state tax forms 2012 Formulario 8582, Passive Activity Loss Limitations (Limitaciones de pérdidas de actividad pasiva), en inglés. Irs state tax forms 2012 Vea Límites sobre las Actividades Pasivas , anteriormente. Irs state tax forms 2012 La página 2 del Anexo E se utiliza para declarar ingresos o pérdidas provenientes de sociedades colectivas, sociedades anónimas de tipo S, herencias, fideicomisos y negocios hipotecarios de inversiones en bienes raíces. Irs state tax forms 2012 Si necesita usar la página 2 del Anexo E, asegúrese de usar la página 2 del mismo Anexo E que utilizó para anotar su actividad de alquiler en la página 1. Irs state tax forms 2012 También incluya la cantidad de la línea 26 (Parte I) en la línea 41 (Parte V), “Total income or (loss)” (Total de ingreso o (pérdida)). Irs state tax forms 2012 Hoja de Trabajo 9-1. Irs state tax forms 2012 Hoja de Trabajo para Calcular las Deducciones de Alquiler para una Unidad Habitable que se Usa como Vivienda Utilice esta hoja de trabajo solamente si contesta “Sí” a todas las preguntas siguientes: ¿Usó la unidad habitable como vivienda este año? Vea Unidad Habitable Usada como Vivienda . Irs state tax forms 2012 ¿Alquiló la unidad habitable a un precio justo de alquiler por 15 días o más este año? ¿Es el total de sus gastos de alquiler y de depreciación mayor que sus ingresos de alquiler? PARTE I. Irs state tax forms 2012 Porcentaje del Uso de Alquiler A. Irs state tax forms 2012 Número total de días en los que la vivienda estuviese disponible para ser alquilada a un precio justo de alquiler A. Irs state tax forms 2012       B. Irs state tax forms 2012 Número total de días en los que la vivienda estuviese disponible para ser alquilada (línea A) pero sin alquilar B. Irs state tax forms 2012       C. Irs state tax forms 2012 Número total de días de uso de alquiler. Irs state tax forms 2012 Reste la línea B de la línea A C. Irs state tax forms 2012       D. Irs state tax forms 2012 Total de días de uso personal (incluyendo días en los que se haya alquilado a un precio menor del precio justo de alquiler) D. Irs state tax forms 2012       E. Irs state tax forms 2012 Total de días de uso de alquiler y de uso personal. Irs state tax forms 2012 Sume las líneas C y D E. Irs state tax forms 2012       F. Irs state tax forms 2012 Porcentaje de gastos permitidos de alquiler. Irs state tax forms 2012 Divida la línea C por la línea E     F. Irs state tax forms 2012   PARTE II. Irs state tax forms 2012 Gastos de Alquiler Permisibles 1. Irs state tax forms 2012 Anote los alquileres recibidos 1. Irs state tax forms 2012   2a. Irs state tax forms 2012 Anote la parte de los intereses hipotecarios sobre la vivienda deducibles y primas de seguro hipotecario calificadas, correspondiente al alquiler (vea las instrucciones) 2a. Irs state tax forms 2012       b. Irs state tax forms 2012 Anote la parte de los impuestos de bienes raíces correspondiente al alquiler b. Irs state tax forms 2012       c. Irs state tax forms 2012 Anote la parte de las pérdidas personales deducibles causadas por hechos fortuitos o robos correspondiente al alquiler (vea las instrucciones) c. Irs state tax forms 2012       d. Irs state tax forms 2012 Anote los gastos directos de alquiler (vea las instrucciones) d. Irs state tax forms 2012       e. Irs state tax forms 2012 Gastos de alquiler totalmente deducibles. Irs state tax forms 2012 Sume las líneas 2a a 2d. Irs state tax forms 2012 Anote los gastos aquí y en las líneas correspondientes del Anexo E (vea las instrucciones) 2e. Irs state tax forms 2012   3. Irs state tax forms 2012 Reste la línea 2e de la línea 1. Irs state tax forms 2012 Si es cero o menos, anote −0− 3. Irs state tax forms 2012   4a. Irs state tax forms 2012 Anote la parte de los gastos relacionados directamente con el funcionamiento o el mantenimiento de la unidad habitable (tales como reparaciones, seguro y servicios públicos) correspondiente al alquiler 4a. Irs state tax forms 2012       b. Irs state tax forms 2012 Anote la parte de los intereses hipotecarios excedentes y primas de seguro hipotecario calificadas, correspondiente al alquiler (vea las instrucciones) b. Irs state tax forms 2012       c. Irs state tax forms 2012 Gastos de funcionamiento trasladados de la hoja de trabajo de 2012 c. Irs state tax forms 2012       d. Irs state tax forms 2012 Sume las líneas 4a a 4c d. Irs state tax forms 2012       e. Irs state tax forms 2012 Gastos permisibles. Irs state tax forms 2012 Anote la cantidad de la línea 3 o la línea 4d, la que sea menor (vea las instrucciones) 4e. Irs state tax forms 2012   5. Irs state tax forms 2012 Reste la línea 4e de la línea 3. Irs state tax forms 2012 Si es cero o menos, anote −0− 5. Irs state tax forms 2012   6a. Irs state tax forms 2012 Anote la parte de las pérdidas excedentes por hechos fortuitos y robos correspondiente al alquiler (vea las instrucciones) 6a. Irs state tax forms 2012       b. Irs state tax forms 2012 Anote la depreciación de la parte de la unidad habitable correspondiente al alquiler b. Irs state tax forms 2012       c. Irs state tax forms 2012 Excedente de pérdidas por hecho fortuito y depreciación trasladado de la hoja de trabajo de 2012 c. Irs state tax forms 2012       d. Irs state tax forms 2012 Sume las líneas 6a a 6c d. Irs state tax forms 2012       e. Irs state tax forms 2012 Pérdidas excedentes permisibles por hechos fortuitos, robos y depreciación. Irs state tax forms 2012 Anote la cantidad de la línea 5 o la línea 6d, la que sea menor (vea las instrucciones) 6e. Irs state tax forms 2012   PARTE III. Irs state tax forms 2012 Gastos no Permitidos Trasladados al Año Siguiente 7a. Irs state tax forms 2012 Gastos de funcionamiento a trasladarse al año siguiente. Irs state tax forms 2012 Reste la línea 4e de la línea 4d 7a. Irs state tax forms 2012   b. Irs state tax forms 2012 Pérdidas excedentes por hechos fortuitos, robos y depreciación a trasladarse al año siguiente. Irs state tax forms 2012  Reste la línea 6e de la línea 6d b. Irs state tax forms 2012   Instrucciones de la Hoja de Trabajo 9-1. Irs state tax forms 2012 Hoja de Trabajo para Calcular las Deducciones de Alquiler para una Unidad Habitable que se Usa como Vivienda Precaución. Irs state tax forms 2012 Utilice el porcentaje calculado en la línea F de la Parte I para calcular las partes correspondientes al alquiler a anotar en las líneas 2a-2c, 4a-4b y 6a-6b de la Parte II. Irs state tax forms 2012 Línea 2a. Irs state tax forms 2012 Calcule los intereses hipotecarios sobre la unidad habitable que podría deducir en el Anexo A como si no la hubiera alquilado. Irs state tax forms 2012 No incluya intereses sobre un préstamo que no benefició a la unidad habitable. Irs state tax forms 2012 Por ejemplo, no incluya intereses de un préstamo sobre el valor líquido de la vivienda que se utilizó para saldar tarjetas de crédito u otros préstamos personales, comprar un auto o pagar gastos de enseñanza superior. Irs state tax forms 2012 Incluya intereses de un préstamo que se haya utilizado para comprar, construir o mejorar la unidad habitable o para refinanciar tal préstamo. Irs state tax forms 2012 Incluya la parte de estos intereses correspondientes al alquiler en el total que anote en la línea 2a de la hoja de trabajo. Irs state tax forms 2012   Calcule las primas de seguro hipotecario calificadas sobre la unidad habitable que podría deducir en la línea 13 del Anexo A como si no la hubiera alquilado. Irs state tax forms 2012 Vea las Instrucciones del Anexo A. Irs state tax forms 2012 No obstante, calcule el ingreso bruto ajustado (línea 38 del Formulario 1040) sin incluir ingresos y gastos de alquiler de la unidad habitable. Irs state tax forms 2012 Vea la sección titulada Línea 4b más adelante, para deducir parte de las primas de seguro hipotecario calificadas no permitidas conforme al límite del ingreso bruto ajustado. Irs state tax forms 2012 Incluya la parte de la cantidad correspondiente a alquiler de la línea 13 del Anexo A en el total que se anota en la línea 2a de la hoja de trabajo. Irs state tax forms 2012   Nota: No presente este Anexo A ni lo utilice para calcular la cantidad a deducir en la línea 13 de dicho anexo. Irs state tax forms 2012 En vez de esto, calcule la parte personal en un Anexo A distinto. Irs state tax forms 2012 Si ha deducido intereses hipotecarios o primas de seguro hipotecario calificadas sobre la unidad habitable en otros formularios, como los Anexos C o F, no se olvide de restar dicha cantidad de la deducción anotada en el Anexo A. Irs state tax forms 2012           Línea 2c. Irs state tax forms 2012 Calcule las pérdidas causadas por hechos fortuitos o robos relacionadas con la unidad habitable que podría deducir en el Anexo A como si no la hubiera alquilado. Irs state tax forms 2012 Para hacerlo, complete la Sección A del Formulario 4684, Casualties and Thefts (Hechos fortuitos y robos), en inglés, tratando las pérdidas como pérdidas personales. Irs state tax forms 2012 Si alguna parte de la pérdida se debe a un desastre declarado como tal por el gobierno federal, vea las Instrucciones del Formulario 4684. Irs state tax forms 2012 En la línea 17 del Formulario 4684, anote el 10% de su ingreso bruto ajustado, calculado sin sus ingresos de alquiler y gastos de alquiler procedentes de la unidad habitable. Irs state tax forms 2012 Anote la parte del resultado correspondiente al alquiler de la línea 18 del Formulario 4684 en la línea 2c de esta hoja de trabajo. Irs state tax forms 2012   Nota: No presente este Formulario 4684 ni lo utilice para calcular sus pérdidas personales en el Anexo A. Irs state tax forms 2012 En lugar de ello, calcule la parte personal en un Formulario 4684 por separado. Irs state tax forms 2012           Línea 2d. Irs state tax forms 2012 Anote el total de sus gastos de alquiler que están directamente relacionados solamente con la actividad de alquiler. Irs state tax forms 2012 Éstos incluyen intereses sobre préstamos que se utilizan para actividades de alquiler que no sean las de comprar, construir o mejorar la unidad habitable. Irs state tax forms 2012 También incluya los honorarios de agencia de alquiler, la publicidad, los útiles de oficina y la depreciación sobre equipo de oficina que se usó en su actividad de alquiler. Irs state tax forms 2012           Línea 2e. Irs state tax forms 2012 Puede deducir las cantidades de las líneas 2a, 2b, 2c y 2d como gastos de alquiler en el Anexo E aun cuando los gastos de alquiler sean mayores que el ingreso de alquiler. Irs state tax forms 2012 Anote las cantidades de las líneas 2a, 2b, 2c y 2d en las líneas correspondientes del Anexo E. Irs state tax forms 2012           Línea 4b. Irs state tax forms 2012 En la línea 2a, usted anotó la parte de los intereses hipotecarios y primas de seguro hipotecario calificadas correspondiente al alquiler que podría deducir en el Anexo A si no hubiera alquilado la vivienda. Irs state tax forms 2012 Si tenía intereses hipotecarios y primas de seguro hipotecario calificadas adicionales que no serían deducibles en el Anexo A debido a límites correspondientes a los mismos, anote en la línea 4b de esta hoja de trabajo la parte de alquiler de esas cantidades en exceso. Irs state tax forms 2012 No incluya intereses de un préstamo que no haya beneficiado la unidad habitable (como se explicó en las instrucciones para la línea 2a). Irs state tax forms 2012           Línea 4e. Irs state tax forms 2012 Puede deducir las cantidades de las líneas 4a, 4b y 4c como gastos de alquiler en el Anexo E sólo hasta el punto en el que no superen la cantidad de la línea 4e. Irs state tax forms 2012 *           Línea 6a. Irs state tax forms 2012 Para encontrar la parte de las pérdidas excedentes por hechos fortuitos o robos correspondientes al alquiler, utilice el Formulario 4684 que preparó para la línea 2c de esta hoja de trabajo. Irs state tax forms 2012   A. Irs state tax forms 2012 Anote la cantidad de la línea 10 del Formulario 4684       B. Irs state tax forms 2012 Anote la parte de alquiler de la línea A       C. Irs state tax forms 2012 Anote la cantidad de la línea 2c de esta hoja de trabajo       D. Irs state tax forms 2012 Reste la línea C de la línea B. Irs state tax forms 2012 Anote el resultado aquí y en la línea 6a de esta hoja de trabajo               Línea 6e. Irs state tax forms 2012 Puede deducir las cantidades de las líneas 6a, 6b y 6c como gastos de alquiler en el Anexo E sólo en la medida en que no superen la cantidad de la línea 6e. Irs state tax forms 2012 * *Asignación de la deducción limitada. Irs state tax forms 2012 Si no puede deducir toda la cantidad en la línea 4d o 6d este año, puede asignar la deducción permisible según le convenga entre los gastos incluidos en las líneas 4d o 6d. Irs state tax forms 2012 Anote la cantidad que asigne a cada gasto en la línea correspondiente de la Parte I del Anexo E. Irs state tax forms 2012