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State income tax address 25. State income tax address   Nonbusiness Casualty and Theft Losses Table of Contents What's New Introduction Useful Items - You may want to see: CasualtyFamily pet. State income tax address Progressive deterioration. State income tax address Damage from corrosive drywall. State income tax address Theft Loss on Deposits Proof of Loss Figuring a LossDecrease in Fair Market Value Adjusted Basis Insurance and Other Reimbursements Single Casualty on Multiple Properties Deduction Limits$100 Rule 10% Rule When To Report Gains and LossesDisaster Area Loss How To Report Gains and Losses What's New New Section C of Form 4684 for Ponzi-type investment schemes. State income tax address  Section C of Form 4684 is new for 2013. State income tax address You must complete Section C if you are claiming a theft loss deduction due to a Ponzi-type investment scheme and are using Revenue Procedure 2009-20, as modified by Revenue Procedure 2011-58. State income tax address Section C of Form 4684 replaces Appendix A in Revenue Procedure 2009-20. State income tax address You do not need to complete Appendix A. State income tax address For details, see Losses from Ponzi-type investment schemes , in this chapter. State income tax address Introduction This chapter explains the tax treatment of personal (not business or investment related) casualty losses, theft losses, and losses on deposits. State income tax address The chapter also explains the following  topics. State income tax address How to figure the amount of your loss. State income tax address How to treat insurance and other reimbursements you receive. State income tax address The deduction limits. State income tax address When and how to report a casualty or theft. State income tax address Forms to file. State income tax address    When you have a casualty or theft, you have to file Form 4684. State income tax address You will also have to file one or more of the following forms. State income tax address Schedule A (Form 1040), Itemized Deductions Schedule D (Form 1040), Capital Gains and Losses Condemnations. State income tax address   For information on condemnations of property, see Involuntary Conversions in chapter 1 of Publication 544, Sales and Other Disposition of Assets. State income tax address Workbook for casualties and thefts. State income tax address    Publication 584 is available to help you make a list of your stolen or damaged personal-use property and figure your loss. State income tax address It includes schedules to help you figure the loss on your home, its contents, and your motor vehicles. State income tax address Business or investment-related losses. State income tax address   For information on a casualty or theft loss of business or income-producing property, see Publication 547, Casualties, Disasters, and Thefts. State income tax address Useful Items - You may want to see: Publication 544 Sales and Other Dispositions  of Assets 547 Casualties, Disasters, and   Thefts 584 Casualty, Disaster, and Theft   Loss Workbook (Personal-Use  Property) Form (and Instructions) Schedule A (Form 1040) Itemized Deductions Schedule D (Form 1040) Capital Gains and Losses 4684 Casualties and Thefts Casualty A casualty is the damage, destruction, or loss of property resulting from an identifiable event that is sudden, unexpected, or unusual. State income tax address A sudden event is one that is swift, not gradual or progressive. State income tax address An unexpected event is one that is ordinarily unanticipated and unintended. State income tax address An unusual event is one that is not a day-to-day occurrence and that is not typical of the activity in which you were engaged. State income tax address Deductible losses. State income tax address   Deductible casualty losses can result from a number of different causes, including the following. State income tax address Car accidents (but see Nondeductible losses , next, for exceptions). State income tax address Earthquakes. State income tax address Fires (but see Nondeductible losses , next, for exceptions). State income tax address Floods. State income tax address Government-ordered demolition or relocation of a home that is unsafe to use because of a disaster as discussed under Disaster Area Losses in Publication 547. State income tax address Mine cave-ins. State income tax address Shipwrecks. State income tax address Sonic booms. State income tax address Storms, including hurricanes and tornadoes. State income tax address Terrorist attacks. State income tax address Vandalism. State income tax address Volcanic eruptions. State income tax address Nondeductible losses. State income tax address   A casualty loss is not deductible if the damage or destruction is caused by the following. State income tax address Accidentally breaking articles such as glassware or china under normal conditions. State income tax address A family pet (explained below). State income tax address A fire if you willfully set it or pay someone else to set it. State income tax address A car accident if your willful negligence or willful act caused it. State income tax address The same is true if the willful act or willful negligence of someone acting for you caused the accident. State income tax address Progressive deterioration (explained later). State income tax address Family pet. State income tax address   Loss of property due to damage by a family pet is not deductible as a casualty loss unless the requirements discussed earlier under Casualty are met. State income tax address Example. State income tax address Your antique oriental rug was damaged by your new puppy before it was housebroken. State income tax address Because the damage was not unexpected and unusual, the loss is not deductible as a casualty loss. State income tax address Progressive deterioration. State income tax address    Loss of property due to progressive deterioration is not deductible as a casualty loss. State income tax address This is because the damage results from a steadily operating cause or a normal process, rather than from a sudden event. State income tax address The following are examples of damage due to progressive deterioration. State income tax address The steady weakening of a building due to normal wind and weather conditions. State income tax address The deterioration and damage to a water heater that bursts. State income tax address However, the rust and water damage to rugs and drapes caused by the bursting of a water heater does qualify as a casualty. State income tax address Most losses of property caused by droughts. State income tax address To be deductible, a drought-related loss generally must be incurred in a trade or business or in a transaction entered into for profit. State income tax address Termite or moth damage. State income tax address The damage or destruction of trees, shrubs, or other plants by a fungus, disease, insects, worms, or similar pests. State income tax address However, a sudden destruction due to an unexpected or unusual infestation of beetles or other insects may result in a casualty loss. State income tax address Damage from corrosive drywall. State income tax address   Under a special procedure, you may be able to claim a casualty loss deduction for amounts you paid to repair damage to your home and household appliances that resulted from corrosive drywall. State income tax address For details, see Publication 547. State income tax address Theft A theft is the taking and removing of money or property with the intent to deprive the owner of it. State income tax address The taking of property must be illegal under the laws of the state where it occurred and it must have been done with criminal intent. State income tax address You do not need to show a conviction for theft. State income tax address Theft includes the taking of money or property by the following means. State income tax address Blackmail. State income tax address Burglary. State income tax address Embezzlement. State income tax address Extortion. State income tax address Kidnapping for ransom. State income tax address Larceny. State income tax address Robbery. State income tax address The taking of money or property through fraud or misrepresentation is theft if it is illegal under state or local law. State income tax address Decline in market value of stock. State income tax address   You cannot deduct as a theft loss the decline in market value of stock acquired on the open market for investment if the decline is caused by disclosure of accounting fraud or other illegal misconduct by the officers or directors of the corporation that issued the stock. State income tax address However, you can deduct as a capital loss the loss you sustain when you sell or exchange the stock or the stock becomes completely worthless. State income tax address You report a capital loss on Schedule D (Form 1040). State income tax address For more information about stock sales, worthless stock, and capital losses, see chapter 4 of Publication 550. State income tax address Mislaid or lost property. State income tax address   The simple disappearance of money or property is not a theft. State income tax address However, an accidental loss or disappearance of property can qualify as a casualty if it results from an identifiable event that is sudden, unexpected, or unusual. State income tax address Sudden, unexpected, and unusual events are defined earlier. State income tax address Example. State income tax address A car door is accidentally slammed on your hand, breaking the setting of your diamond ring. State income tax address The diamond falls from the ring and is never found. State income tax address The loss of the diamond is a casualty. State income tax address Losses from Ponzi-type investment schemes. State income tax address   If you had a loss from a Ponzi-type investment scheme, see: Revenue Ruling 2009-9, 2009-14 I. State income tax address R. State income tax address B. State income tax address 735 (available at www. State income tax address irs. State income tax address gov/irb/2009-14_IRB/ar07. State income tax address html). State income tax address Revenue Procedure 2009-20, 2009-14 I. State income tax address R. State income tax address B. State income tax address 749 (available at www. State income tax address irs. State income tax address gov/irb/2009-14_IRB/ar11. State income tax address html). State income tax address Revenue Procedure 2011-58, 2011-50 I. State income tax address R. State income tax address B. State income tax address 849 (available at www. State income tax address irs. State income tax address gov/irb/2011-50_IRB/ar11. State income tax address html). State income tax address If you qualify to use Revenue Procedure 2009-20, as modified by Revenue Procedure 2011-58, and you choose to follow the procedures in the guidance, first fill out Section C of Form 4684 to determine the amount to enter on Section B, line 28. State income tax address Skip lines 19 to 27. State income tax address Section C of Form 4684 replaces Appendix A in Revenue Procedure 2009-20. State income tax address You do not need to complete Appendix A. State income tax address For more information, see the above revenue ruling and revenue procedures, and the Instructions for Form 4684. State income tax address   If you choose not to use the procedures in Revenue Procedure 2009-20, you may claim your theft loss by filling out Section B, lines 19 to 39, as appropriate. State income tax address Loss on Deposits A loss on deposits can occur when a bank, credit union, or other financial institution becomes insolvent or bankrupt. State income tax address If you incurred this type of loss, you can choose one of the following ways to deduct the loss. State income tax address As a casualty loss. State income tax address As an ordinary loss. State income tax address As a nonbusiness bad debt. State income tax address Casualty loss or ordinary loss. State income tax address   You can choose to deduct a loss on deposits as a casualty loss or as an ordinary loss for any year in which you can reasonably estimate how much of your deposits you have lost in an insolvent or bankrupt financial institution. State income tax address The choice is generally made on the return you file for that year and applies to all your losses on deposits for the year in that particular financial institution. State income tax address If you treat the loss as a casualty or ordinary loss, you cannot treat the same amount of the loss as a nonbusiness bad debt when it actually becomes worthless. State income tax address However, you can take a nonbusiness bad debt deduction for any amount of loss that is more than the estimated amount you deducted as a casualty or ordinary loss. State income tax address Once you make this choice, you cannot change it without permission from the Internal Revenue Service. State income tax address   If you claim an ordinary loss, report it as a miscellaneous itemized deduction on Schedule A (Form 1040), line 23. State income tax address The maximum amount you can claim is $20,000 ($10,000 if you are married filing separately) reduced by any expected state insurance proceeds. State income tax address Your loss is subject to the 2%-of-adjusted-gross-income limit. State income tax address You cannot choose to claim an ordinary loss if any part of the deposit is federally insured. State income tax address Nonbusiness bad debt. State income tax address   If you do not choose to deduct the loss as a casualty loss or as an ordinary loss, you must wait until the year the actual loss is determined and deduct the loss as a nonbusiness bad debt in that year. State income tax address How to report. State income tax address   The kind of deduction you choose for your loss on deposits determines how you report your loss. State income tax address If you choose: Casualty loss — report it on Form 4684 first and then on Schedule A (Form 1040). State income tax address Ordinary loss — report it on Schedule A (Form 1040) as a miscellaneous itemized deduction. State income tax address Nonbusiness bad debt — report it on Form 8949 first and then on Schedule D (Form 1040). State income tax address More information. State income tax address   For more information, see Special Treatment for Losses on Deposits in Insolvent or Bankrupt Financial Institutions in the Instructions for Form 4684 or Deposit in Insolvent or Bankrupt Financial Institution in Publication 550. State income tax address Proof of Loss To deduct a casualty or theft loss, you must be able to prove that you had a casualty or theft. State income tax address You also must be able to support the amount you take as a deduction. State income tax address Casualty loss proof. State income tax address   For a casualty loss, your records should show all the following. State income tax address The type of casualty (car accident, fire, storm, etc. State income tax address ) and when it occurred. State income tax address That the loss was a direct result of the casualty. State income tax address That you were the owner of the property or, if you leased the property from someone else, that you were contractually liable to the owner for the damage. State income tax address Whether a claim for reimbursement exists for which there is a reasonable expectation of recovery. State income tax address Theft loss proof. State income tax address   For a theft loss, your records should show all the following. State income tax address When you discovered that your property was missing. State income tax address That your property was stolen. State income tax address That you were the owner of the property. State income tax address Whether a claim for reimbursement exists for which there is a reasonable expectation of recovery. State income tax address It is important that you have records that will prove your deduction. State income tax address If you do not have the actual records to support your deduction, you can use other satisfactory evidence to support it. State income tax address Figuring a Loss Figure the amount of your loss using the following steps. State income tax address Determine your adjusted basis in the property before the casualty or theft. State income tax address Determine the decrease in fair market value of the property as a result of the casualty or theft. State income tax address From the smaller of the amounts you determined in (1) and (2), subtract any insurance or other reimbursement you received or expect to receive. State income tax address For personal-use property and property used in performing services as an employee, apply the deduction limits, discussed later, to determine the amount of your deductible loss. State income tax address Gain from reimbursement. State income tax address   If your reimbursement is more than your adjusted basis in the property, you have a gain. State income tax address This is true even if the decrease in the FMV of the property is smaller than your adjusted basis. State income tax address If you have a gain, you may have to pay tax on it, or you may be able to postpone reporting the gain. State income tax address See Publication 547 for more information on how to treat a gain from a reimbursement for a casualty or theft. State income tax address Leased property. State income tax address   If you are liable for casualty damage to property you lease, your loss is the amount you must pay to repair the property minus any insurance or other reimbursement you receive or expect to receive. State income tax address Decrease in Fair Market Value Fair market value (FMV) is the price for which you could sell your property to a willing buyer when neither of you has to sell or buy and both of you know all the relevant facts. State income tax address The decrease in FMV used to figure the amount of a casualty or theft loss is the difference between the property's fair market value immediately before and immediately after the casualty or theft. State income tax address FMV of stolen property. State income tax address   The FMV of property immediately after a theft is considered to be zero, since you no longer have the property. State income tax address Example. State income tax address Several years ago, you purchased silver dollars at face value for $150. State income tax address This is your adjusted basis in the property. State income tax address Your silver dollars were stolen this year. State income tax address The FMV of the coins was $1,000 just before they were stolen, and insurance did not cover them. State income tax address Your theft loss is $150. State income tax address Recovered stolen property. State income tax address   Recovered stolen property is your property that was stolen and later returned to you. State income tax address If you recovered property after you had already taken a theft loss deduction, you must refigure your loss using the smaller of the property's adjusted basis (explained later) or the decrease in FMV from the time just before it was stolen until the time it was recovered. State income tax address Use this amount to refigure your total loss for the year in which the loss was deducted. State income tax address   If your refigured loss is less than the loss you deducted, you generally have to report the difference as income in the recovery year. State income tax address But report the difference only up to the amount of the loss that reduced your tax. State income tax address For more information on the amount to report, see Recoveries in chapter 12. State income tax address Figuring Decrease in FMV— Items To Consider To figure the decrease in FMV because of a casualty or theft, you generally need a competent appraisal. State income tax address However, other measures can also be used to establish certain decreases. State income tax address Appraisal. State income tax address   An appraisal to determine the difference between the FMV of the property immediately before a casualty or theft and immediately afterward should be made by a competent appraiser. State income tax address The appraiser must recognize the effects of any general market decline that may occur along with the casualty. State income tax address This information is needed to limit any deduction to the actual loss resulting from damage to the property. State income tax address   Several factors are important in evaluating the accuracy of an appraisal, including the following. State income tax address The appraiser's familiarity with your property before and after the casualty or theft. State income tax address The appraiser's knowledge of sales of comparable property in the area. State income tax address The appraiser's knowledge of conditions in the area of the casualty. State income tax address The appraiser's method of appraisal. State income tax address    You may be able to use an appraisal that you used to get a federal loan (or a federal loan guarantee) as the result of a federally declared disaster to establish the amount of your disaster loss. State income tax address For more information on disasters, see Disaster Area Losses, in Pub. State income tax address 547. State income tax address Cost of cleaning up or making repairs. State income tax address   The cost of repairing damaged property is not part of a casualty loss. State income tax address Neither is the cost of cleaning up after a casualty. State income tax address But you can use the cost of cleaning up or making repairs after a casualty as a measure of the decrease in FMV if you meet all the following conditions. State income tax address The repairs are actually made. State income tax address The repairs are necessary to bring the property back to its condition before the casualty. State income tax address The amount spent for repairs is not excessive. State income tax address The repairs take care of the damage only. State income tax address The value of the property after the repairs is not, due to the repairs, more than the value of the property before the casualty. State income tax address Landscaping. State income tax address   The cost of restoring landscaping to its original condition after a casualty may indicate the decrease in FMV. State income tax address You may be able to measure your loss by what you spend on the following. State income tax address Removing destroyed or damaged trees and shrubs minus any salvage you receive. State income tax address Pruning and other measures taken to preserve damaged trees and shrubs. State income tax address Replanting necessary to restore the property to its approximate value before the casualty. State income tax address Car value. State income tax address    Books issued by various automobile organizations that list your car may be useful in figuring the value of your car. State income tax address You can use the book's retail values and modify them by such factors as mileage and the condition of your car to figure its value. State income tax address The prices are not official, but they may be useful in determining value and suggesting relative prices for comparison with current sales and offerings in your area. State income tax address If your car is not listed in the books, determine its value from other sources. State income tax address A dealer's offer for your car as a trade-in on a new car is not usually a measure of its true value. State income tax address Figuring Decrease in FMV— Items Not To Consider You generally should not consider the following items when attempting to establish the decrease in FMV of your property. State income tax address Cost of protection. State income tax address   The cost of protecting your property against a casualty or theft is not part of a casualty or theft loss. State income tax address The amount you spend on insurance or to board up your house against a storm is not part of your loss. State income tax address   If you make permanent improvements to your property to protect it against a casualty or theft, add the cost of these improvements to your basis in the property. State income tax address An example would be the cost of a dike to prevent flooding. State income tax address Exception. State income tax address   You cannot increase your basis in the property by, or deduct as a business expense, any expenditures you made with respect to qualified disaster mitigation payments. State income tax address See Disaster Area Losses in Publication 547. State income tax address Incidental expenses. State income tax address   Any incidental expenses you have due to a casualty or theft, such as expenses for the treatment of personal injuries, for temporary housing, or for a rental car, are not part of your casualty or theft loss. State income tax address Replacement cost. State income tax address   The cost of replacing stolen or destroyed property is not part of a casualty or theft loss. State income tax address Sentimental value. State income tax address   Do not consider sentimental value when determining your loss. State income tax address If a family portrait, heirloom, or keepsake is damaged, destroyed, or stolen, you must base your loss on its FMV, as limited by your adjusted basis in the property. State income tax address Decline in market value of property in or near casualty area. State income tax address   A decrease in the value of your property because it is in or near an area that suffered a casualty, or that might again suffer a casualty, is not to be taken into consideration. State income tax address You have a loss only for actual casualty damage to your property. State income tax address However, if your home is in a federally declared disaster area, see Disaster Area Losses in Publication 547. State income tax address Costs of photographs and appraisals. State income tax address    Photographs taken after a casualty will be helpful in establishing the condition and value of the property after it was damaged. State income tax address Photographs showing the condition of the property after it was repaired, restored, or replaced may also be helpful. State income tax address    Appraisals are used to figure the decrease in FMV because of a casualty or theft. State income tax address See Appraisal , earlier, under Figuring Decrease in FMV — Items To Consider, for information about appraisals. State income tax address   The costs of photographs and appraisals used as evidence of the value and condition of property damaged as a result of a casualty are not a part of the loss. State income tax address You can claim these costs as a miscellaneous itemized deduction subject to the 2%-of-adjusted-gross-income limit on Schedule A (Form 1040). State income tax address For information about miscellaneous deductions, see chapter 28. State income tax address Adjusted Basis Adjusted basis is your basis in the property (usually cost) increased or decreased by various events, such as improvements and casualty losses. State income tax address For more information, see chapter 13. State income tax address Insurance and Other Reimbursements If you receive an insurance payment or other type of reimbursement, you must subtract the reimbursement when you figure your loss. State income tax address You do not have a casualty or theft loss to the extent you are reimbursed. State income tax address If you expect to be reimbursed for part or all of your loss, you must subtract the expected reimbursement when you figure your loss. State income tax address You must reduce your loss even if you do not receive payment until a later tax year. State income tax address See Reimbursement Received After Deducting Loss , later. State income tax address Failure to file a claim for reimbursement. State income tax address   If your property is covered by insurance, you must file a timely insurance claim for reimbursement of your loss. State income tax address Otherwise, you cannot deduct this loss as a casualty or theft loss. State income tax address However, this rule does not apply to the portion of the loss not covered by insurance (for example, a deductible). State income tax address Example. State income tax address You have a car insurance policy with a $1,000 deductible. State income tax address Because your insurance did not cover the first $1,000 of an auto collision, the $1,000 would be deductible (subject to the deduction limits discussed later). State income tax address This is true even if you do not file an insurance claim, because your insurance policy would never have reimbursed you for the deductible. State income tax address Types of Reimbursements The most common type of reimbursement is an insurance payment for your stolen or damaged property. State income tax address Other types of reimbursements are discussed next. State income tax address Also see the Instructions for Form 4684. State income tax address Employer's emergency disaster fund. State income tax address   If you receive money from your employer's emergency disaster fund and you must use that money to rehabilitate or replace property on which you are claiming a casualty loss deduction, you must take that money into consideration in computing the casualty loss deduction. State income tax address Take into consideration only the amount you used to replace your destroyed or damaged property. State income tax address Example. State income tax address Your home was extensively damaged by a tornado. State income tax address Your loss after reimbursement from your insurance company was $10,000. State income tax address Your employer set up a disaster relief fund for its employees. State income tax address Employees receiving money from the fund had to use it to rehabilitate or replace their damaged or destroyed property. State income tax address You received $4,000 from the fund and spent the entire amount on repairs to your home. State income tax address In figuring your casualty loss, you must reduce your unreimbursed loss ($10,000) by the $4,000 you received from your employer's fund. State income tax address Your casualty loss before applying the deduction limits discussed later is $6,000. State income tax address Cash gifts. State income tax address   If you receive excludable cash gifts as a disaster victim and there are no limits on how you can use the money, you do not reduce your casualty loss by these excludable cash gifts. State income tax address This applies even if you use the money to pay for repairs to property damaged in the disaster. State income tax address Example. State income tax address Your home was damaged by a hurricane. State income tax address Relatives and neighbors made cash gifts to you that were excludable from your income. State income tax address You used part of the cash gifts to pay for repairs to your home. State income tax address There were no limits or restrictions on how you could use the cash gifts. State income tax address Because it was an excludable gift, the money you received and used to pay for repairs to your home does not reduce your casualty loss on the damaged home. State income tax address Insurance payments for living expenses. State income tax address   You do not reduce your casualty loss by insurance payments you receive to cover living expenses in either of the following situations. State income tax address You lose the use of your main home because of a casualty. State income tax address Government authorities do not allow you access to your main home because of a casualty or threat of one. State income tax address Inclusion in income. State income tax address   If these insurance payments are more than the temporary increase in your living expenses, you must include the excess in your income. State income tax address Report this amount on Form 1040, line 21. State income tax address However, if the casualty occurs in a federally declared disaster area, none of the insurance payments are taxable. State income tax address See Qualified disaster relief payments, under Disaster Area Losses in Publication 547. State income tax address   A temporary increase in your living expenses is the difference between the actual living expenses you and your family incurred during the period you could not use your home and your normal living expenses for that period. State income tax address Actual living expenses are the reasonable and necessary expenses incurred because of the loss of your main home. State income tax address Generally, these expenses include the amounts you pay for the following. State income tax address Rent for suitable housing. State income tax address Transportation. State income tax address Food. State income tax address Utilities. State income tax address Miscellaneous services. State income tax address Normal living expenses consist of these same expenses that you would have incurred but did not because of the casualty or the threat of one. State income tax address Example. State income tax address As a result of a fire, you vacated your apartment for a month and moved to a motel. State income tax address You normally pay $525 a month for rent. State income tax address None was charged for the month the apartment was vacated. State income tax address Your motel rent for this month was $1,200. State income tax address You normally pay $200 a month for food. State income tax address Your food expenses for the month you lived in the motel were $400. State income tax address You received $1,100 from your insurance company to cover your living expenses. State income tax address You determine the payment you must include in income as follows. State income tax address 1) Insurance payment for living expenses $1,100 2) Actual expenses during the month you are unable to use your home because of fire 1,600   3) Normal living expenses 725   4) Temporary increase in living  expenses: Subtract line 3 from line 2 875 5) Amount of payment includible  in income: Subtract line 4  from line 1 $ 225 Tax year of inclusion. State income tax address   You include the taxable part of the insurance payment in income for the year you regain the use of your main home or, if later, for the year you receive the taxable part of the insurance payment. State income tax address Example. State income tax address Your main home was destroyed by a tornado in August 2011. State income tax address You regained use of your home in November 2012. State income tax address The insurance payments you received in 2011 and 2012 were $1,500 more than the temporary increase in your living expenses during those years. State income tax address You include this amount in income on your 2012 Form 1040. State income tax address If, in 2013, you receive further payments to cover the living expenses you had in 2011 and 2012, you must include those payments in income on your 2013 Form 1040. State income tax address Disaster relief. State income tax address   Food, medical supplies, and other forms of assistance you receive do not reduce your casualty loss unless they are replacements for lost or destroyed property. State income tax address Qualified disaster relief payments you receive for expenses you incurred as a result of a federally declared disaster are not taxable income to you. State income tax address For more information, see Disaster Area Losses in Publication 547. State income tax address Disaster unemployment assistance payments are unemployment benefits that are taxable. State income tax address Generally, disaster relief grants and qualified disaster mitigation payments made under the Robert T. State income tax address Stafford Disaster Relief and Emergency Assistance Act or the National Flood Insurance Act (as in effect on April 15, 2005) are not includible in your income. State income tax address See Disaster Area Losses in Publication 547. State income tax address Reimbursement Received After Deducting Loss If you figured your casualty or theft loss using your expected reimbursement, you may have to adjust your tax return for the tax year in which you receive your actual reimbursement. State income tax address This section explains the adjustment you may have to make. State income tax address Actual reimbursement less than expected. State income tax address   If you later receive less reimbursement than you expected, include that difference as a loss with your other losses (if any) on your return for the year in which you can reasonably expect no more reimbursement. State income tax address Example. State income tax address Your personal car had an FMV of $2,000 when it was destroyed in a collision with another car in 2012. State income tax address The accident was due to the negligence of the other driver. State income tax address At the end of 2012, there was a reasonable prospect that the owner of the other car would reimburse you in full. State income tax address You did not have a deductible loss in 2012. State income tax address In January 2013, the court awarded you a judgment of $2,000. State income tax address However, in July it became apparent that you will be unable to collect any amount from the other driver. State income tax address You can deduct the loss in 2013 subject to the limits discussed later. State income tax address Actual reimbursement more than expected. State income tax address   If you later receive more reimbursement than you expected after you claimed a deduction for the loss, you may have to include the extra reimbursement in your income for the year you receive it. State income tax address However, if any part of the original deduction did not reduce your tax for the earlier year, do not include that part of the reimbursement in your income. State income tax address You do not refigure your tax for the year you claimed the deduction. State income tax address For more information, see Recoveries in chapter 12. State income tax address If the total of all the reimbursements you receive is more than your adjusted basis in the destroyed or stolen property, you will have a gain on the casualty or theft. State income tax address If you have already taken a deduction for a loss and you receive the reimbursement in a later year, you may have to include the gain in your income for the later year. State income tax address Include the gain as ordinary income up to the amount of your deduction that reduced your tax for the earlier year. State income tax address See Figuring a Gain in Publication 547 for more information on how to treat a gain from the reimbursement of a casualty or theft. State income tax address Actual reimbursement same as expected. State income tax address   If you receive exactly the reimbursement you expected to receive, you do not have to include any of the reimbursement in your income and you cannot deduct any additional loss. State income tax address Example. State income tax address In December 2013, you had a collision while driving your personal car. State income tax address Repairs to the car cost $950. State income tax address You had $100 deductible collision insurance. State income tax address Your insurance company agreed to reimburse you for the rest of the damage. State income tax address Because you expected a reimbursement from the insurance company, you did not have a casualty loss deduction in 2013. State income tax address Due to the $100 rule (discussed later under Deduction Limits ), you cannot deduct the $100 you paid as the deductible. State income tax address When you receive the $850 from the insurance company in 2014, do not report it as income. State income tax address Single Casualty on Multiple Properties Personal property. State income tax address   Personal property is any property that is not real property. State income tax address If your personal property is stolen or is damaged or destroyed by a casualty, you must figure your loss separately for each item of property. State income tax address Then combine these separate losses to figure the total loss from that casualty or theft. State income tax address Example. State income tax address A fire in your home destroyed an upholstered chair, an oriental rug, and an antique table. State income tax address You did not have fire insurance to cover your loss. State income tax address (This was the only casualty or theft you had during the year. State income tax address ) You paid $750 for the chair and you established that it had an FMV of $500 just before the fire. State income tax address The rug cost $3,000 and had an FMV of $2,500 just before the fire. State income tax address You bought the table at an auction for $100 before discovering it was an antique. State income tax address It had been appraised at $900 before the fire. State income tax address You figure your loss on each of these items as follows:     Chair Rug Table 1) Basis (cost) $750 $3,000 $100 2) FMV before fire $500 $2,500 $900 3) FMV after fire –0– –0– –0– 4) Decrease in FMV $500 $2,500 $900 5) Loss (smaller of (1) or  (4)) $500 $2,500 $100           6) Total loss     $3,100 Real property. State income tax address   In figuring a casualty loss on personal-use real property, treat the entire property (including any improvements, such as buildings, trees, and shrubs) as one item. State income tax address Figure the loss using the smaller of the adjusted basis or the decrease in FMV of the entire property. State income tax address Example. State income tax address You bought your home a few years ago. State income tax address You paid $160,000 ($20,000 for the land and $140,000 for the house). State income tax address You also spent $2,000 for landscaping. State income tax address This year a fire destroyed your home. State income tax address The fire also damaged the shrubbery and trees in your yard. State income tax address The fire was your only casualty or theft loss this year. State income tax address Competent appraisers valued the property as a whole at $200,000 before the fire, but only $30,000 after the fire. State income tax address (The loss to your household furnishings is not shown in this example. State income tax address It would be figured separately on each item, as explained earlier under Personal property . State income tax address ) Shortly after the fire, the insurance company paid you $155,000 for the loss. State income tax address You figure your casualty loss as follows: 1) Adjusted basis of the entire property (land, building, and landscaping) $162,000 2) FMV of entire property before fire $200,000 3) FMV of entire property after fire 30,000 4) Decrease in FMV of entire  property $170,000 5) Loss (smaller of (1) or (4)) $162,000 6) Subtract insurance 155,000 7) Amount of loss after reimbursement $7,000 Deduction Limits After you have figured your casualty or theft loss, you must figure how much of the loss you can deduct. State income tax address If the loss was to property for your personal use or your family's use, there are two limits on the amount you can deduct for your casualty or theft loss. State income tax address You must reduce each casualty or theft loss by $100 ($100 rule). State income tax address You must further reduce the total of all your casualty or theft losses by 10% of your adjusted gross income (10% rule). State income tax address You make these reductions on Form 4684. State income tax address These rules are explained next and Table 25-1 summarizes how to apply the $100 rule and the 10% rule in various situations. State income tax address For more detailed explanations and examples, see Publication 547. State income tax address Table 25-1. State income tax address How To Apply the Deduction Limits for Personal-Use Property   $100 Rule 10% Rule General Application You must reduce each casualty or theft loss by $100 when figuring your deduction. State income tax address Apply this rule after you have figured the amount of your loss. State income tax address You must reduce your total casualty or theft loss by 10% of your adjusted gross income. State income tax address Apply this rule after you reduce each loss by $100 (the $100 rule). State income tax address Single Event Apply this rule only once, even if many pieces of property are affected. State income tax address Apply this rule only once, even if many pieces of property are affected. State income tax address More Than One Event Apply to the loss from each event. State income tax address Apply to the total of all your losses from all events. State income tax address More Than One Person— With Loss From the Same Event (other than a married couple filing jointly) Apply separately to each person. State income tax address Apply separately to each person. State income tax address Married Couple—With Loss From the Same Event Filing Jointly Apply as if you were one person. State income tax address Apply as if you were one person. State income tax address Filing Separately Apply separately to each spouse. State income tax address Apply separately to each spouse. State income tax address More Than One Owner (other than a married couple filing jointly) Apply separately to each owner of jointly owned property. State income tax address Apply separately to each owner of jointly owned property. State income tax address Property used partly for business and partly for personal purposes. State income tax address   When property is used partly for personal purposes and partly for business or income-producing purposes, the casualty or theft loss deduction must be figured separately for the personal-use part and for the business or income-producing part. State income tax address You must figure each loss separately because the $100 rule and the 10% rule apply only to the loss on the personal-use part of the property. State income tax address $100 Rule After you have figured your casualty or theft loss on personal-use property, you must reduce that loss by $100. State income tax address This reduction applies to each total casualty or theft loss. State income tax address It does not matter how many pieces of property are involved in an event. State income tax address Only a single $100 reduction applies. State income tax address Example. State income tax address A hailstorm damages your home and your car. State income tax address Determine the amount of loss, as discussed earlier, for each of these items. State income tax address Since the losses are due to a single event, you combine the losses and reduce the combined amount by $100. State income tax address Single event. State income tax address   Generally, events closely related in origin cause a single casualty. State income tax address It is a single casualty when the damage is from two or more closely related causes, such as wind and flood damage caused by the same storm. State income tax address 10% Rule You must reduce the total of all your casualty or theft losses on personal-use property by 10% of your adjusted gross income. State income tax address Apply this rule after you reduce each loss by $100. State income tax address For more information, see the Form 4684 instructions. State income tax address If you have both gains and losses from casualties or thefts, see Gains and losses , later in this discussion. State income tax address Example 1. State income tax address In June, you discovered that your house had been burglarized. State income tax address Your loss after insurance reimbursement was $2,000. State income tax address Your adjusted gross income for the year you discovered the theft is $29,500. State income tax address You first apply the $100 rule and then the 10% rule. State income tax address Figure your theft loss deduction as follows. State income tax address 1) Loss after insurance $2,000 2) Subtract $100 100 3) Loss after $100 rule $1,900 4) Subtract 10% × $29,500 AGI 2,950 5) Theft loss deduction –0– You do not have a theft loss deduction because your loss after you apply the $100 rule ($1,900) is less than 10% of your adjusted gross income ($2,950). State income tax address Example 2. State income tax address In March, you had a car accident that totally destroyed your car. State income tax address You did not have collision insurance on your car, so you did not receive any insurance reimbursement. State income tax address Your loss on the car was $1,800. State income tax address In November, a fire damaged your basement and totally destroyed the furniture, washer, dryer, and other items stored there. State income tax address Your loss on the basement items after reimbursement was $2,100. State income tax address Your adjusted gross income for the year that the accident and fire occurred is $25,000. State income tax address You figure your casualty loss deduction as follows. State income tax address       Base-     Car ment 1) Loss $1,800 $2,100 2) Subtract $100 per incident 100 100 3) Loss after $100 rule $1,700 $2,000 4) Total loss $3,700 5) Subtract 10% × $25,000 AGI 2,500 6) Casualty loss deduction $1,200 Gains and losses. State income tax address   If you had both gains and losses from casualties or thefts to personal-use property, you must compare your total gains to your total losses. State income tax address Do this after you have reduced each loss by any reimbursements and by $100, but before you have reduced the losses by 10% of your adjusted gross income. State income tax address Casualty or theft gains do not include gains you choose to postpone. State income tax address See Publication 547 for information on the postponement of gain. State income tax address Losses more than gains. State income tax address   If your losses are more than your recognized gains, subtract your gains from your losses and reduce the result by 10% of your adjusted gross income. State income tax address The rest, if any, is your deductible loss from personal-use property. State income tax address Gains more than losses. State income tax address   If your recognized gains are more than your losses, subtract your losses from your gains. State income tax address The difference is treated as capital gain and must be reported on Schedule D (Form 1040). State income tax address The 10% rule does not apply to your gains. State income tax address When To Report Gains and Losses Gains. State income tax address   If you receive an insurance or other reimbursement that is more than your adjusted basis in the destroyed or stolen property, you have a gain from the casualty or theft. State income tax address You must include this gain in your income in the year you receive the reimbursement, unless you choose to postpone reporting the gain as explained in Publication 547. State income tax address If you have a loss, see Table 25-2 . State income tax address Table 25-2. State income tax address When To Deduct a Loss IF you have a loss. State income tax address . State income tax address . State income tax address THEN deduct it in the year. State income tax address . State income tax address . State income tax address from a casualty, the loss occurred. State income tax address in a federally declared disaster area, the disaster occurred or the year immediately before the disaster. State income tax address from a theft, the theft was discovered. State income tax address on a deposit treated as a:   • casualty or any ordinary loss, a reasonable estimate can be made. State income tax address • bad debt, deposits are totally worthless. State income tax address Losses. State income tax address   Generally, you can deduct a casualty loss that is not reimbursable only in the tax year in which the casualty occurred. State income tax address This is true even if you do not repair or replace the damaged property until a later year. State income tax address   You can deduct theft losses that are not reimbursable only in the year you discover your property was stolen. State income tax address   If you are not sure whether part of your casualty or theft loss will be reimbursed, do not deduct that part until the tax year when you become reasonably certain that it will not be reimbursed. State income tax address Loss on deposits. State income tax address   If your loss is a loss on deposits in an insolvent or bankrupt financial institution, see Loss on Deposits , earlier. State income tax address Disaster Area Loss You generally must deduct a casualty loss in the year it occurred. State income tax address However, if you have a casualty loss from a federally declared disaster that occurred in an area warranting public or individual assistance (or both), you can choose to deduct the loss on your tax return or amended return for either of the following years. State income tax address The year the disaster occurred. State income tax address The year immediately preceding the year the disaster occurred. State income tax address Gains. State income tax address    Special rules apply if you choose to postpone reporting gain on property damaged or destroyed in a federally declared disaster area. State income tax address For those special rules, see Publication 547. State income tax address Postponed tax deadlines. State income tax address   The IRS may postpone for up to 1 year certain tax deadlines of taxpayers who are affected by a federally declared disaster. State income tax address The tax deadlines the IRS may postpone include those for filing income and employment tax returns, paying income and employment taxes, and making contributions to a traditional IRA or Roth IRA. State income tax address   If any tax deadline is postponed, the IRS will publicize the postponement in your area by publishing a news release, revenue ruling, revenue procedure, notice, announcement, or other guidance in the Internal Revenue Bulletin (IRB). State income tax address Go to www. State income tax address irs. State income tax address gov/uac/Tax-Relief-in-Disaster-Situations to find out if a tax deadline has been postponed for your area. State income tax address Who is eligible. State income tax address   If the IRS postpones a tax deadline, the following taxpayers are eligible for the postponement. State income tax address Any individual whose main home is located in a covered disaster area (defined next). State income tax address Any business entity or sole proprietor whose principal place of business is located in a covered disaster area. State income tax address Any individual who is a relief worker affiliated with a recognized government or philanthropic organization who is assisting in a covered disaster area. State income tax address Any individual, business entity, or sole proprietorship whose records are needed to meet a postponed tax deadline, provided those records are maintained in a covered disaster area. State income tax address The main home or principal place of business does not have to be located in the covered disaster area. State income tax address Any estate or trust that has tax records necessary to meet a postponed tax deadline, provided those records are maintained in a covered disaster area. State income tax address The spouse on a joint return with a taxpayer who is eligible for postponements. State income tax address Any individual, business entity, or sole proprietorship not located in a covered disaster area, but whose records necessary to meet a postponed tax deadline are located in the covered disaster area. State income tax address Any individual visiting the covered disaster area who was killed or injured as a result of the disaster. State income tax address Any other person determined by the IRS to be affected by a federally declared disaster. State income tax address Covered disaster area. State income tax address   This is an area of a federally declared disaster in which the IRS has decided to postpone tax deadlines for up to 1 year. State income tax address Abatement of interest and penalties. State income tax address   The IRS may abate the interest and penalties on underpaid income tax for the length of any postponement of tax deadlines. State income tax address More information. State income tax address   For more information, see Disaster Area Losses in Publication 547. State income tax address How To Report Gains and Losses Use Form 4684 to report a gain or a deductible loss from a casualty or theft. State income tax address If you have more than one casualty or theft, use a separate Form 4684 to determine your gain or loss for each event. State income tax address Combine the gains and losses on one Form 4684. State income tax address Follow the form instructions as to which lines to fill out. State income tax address In addition, you must use the appropriate schedule to report a gain or loss. State income tax address The schedule you use depends on whether you have a gain or loss. State income tax address If you have a: Report it on: Gain Schedule D (Form 1040) Loss Schedule A (Form 1040) Adjustments to basis. State income tax address   If you have a casualty or theft loss, you must decrease your basis in the property by any insurance or other reimbursement you receive, and by any deductible loss. State income tax address Amounts you spend to restore your property after a casualty increase your adjusted basis. State income tax address See Adjusted Basis in chapter 13 for more information. State income tax address Net operating loss (NOL). State income tax address    If your casualty or theft loss deduction causes your deductions for the year to be more than your income for the year, you may have an NOL. State income tax address You can use an NOL to lower your tax in an earlier year, allowing you to get a refund for tax you have already paid. State income tax address Or, you can use it to lower your tax in a later year. State income tax address You do not have to be in business to have an NOL from a casualty or theft loss. State income tax address For more information, see Publication 536, Net Operating Losses (NOLs) for Individuals, Estates, and Trusts. State income tax address Prev  Up  Next   Home   More Online Publications
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Hamilton, NJ

Website: Better Business Bureau

Email: info@trenton.bbb.org

Address: Better Business Bureau
1262 Whitehorse Hamilton Square Rd.
Bldg. A, Suite 202
Hamilton, NJ 08690-3596

Phone Number: 609-588-0808

The State Income Tax Address

State income tax address 23. State income tax address   Gastos de Intereses Table of Contents Introduction Useful Items - You may want to see: Intereses Hipotecarios de ViviendaCantidad Deducible Puntos Primas de Seguro Hipotecario Formulario 1098, Estado de Cuenta de los Intereses Hipotecarios Intereses Procedentes de InversionesBienes de Inversión Asignación de Gastos de Intereses Límite sobre la Deducción Cantidades que No Puede DeducirIntereses Personales Asignación de Intereses Cómo Hacer la DeclaraciónMás de un prestatario. State income tax address Fondos procedentes de una hipoteca utilizados para negocios o inversiones. State income tax address Introduction Este capítulo trata sobre los intereses que usted puede deducir. State income tax address Los intereses son la cantidad que paga por usar dinero prestado. State income tax address Los siguientes son tipos de intereses que se pueden deducir como deducciones detalladas en el Anexo A (Formulario 1040), Itemized Deductions (Deducciones detalladas), en inglés: Los intereses hipotecarios de vivienda, incluidos ciertos puntos y primas de seguro hipotecario. State income tax address Intereses procedentes de inversiones. State income tax address Este capítulo explica estas deducciones. State income tax address Asimismo, explica dónde deducir otros tipos de intereses y enumera algunos tipos de intereses que no puede deducir. State income tax address Use la Tabla 23-1 para averiguar dónde obtener más información sobre varios tipos de intereses, incluidos los intereses de inversiones. State income tax address Useful Items - You may want to see: Publicación 936 Home Mortgage Interest Deduction (Deducción por intereses hipotecarios de vivienda), en inglés. State income tax address 550 Investment Income and Expenses (Ingresos y gastos de inversiones), en inglés. State income tax address Intereses Hipotecarios de Vivienda Por lo general, los intereses hipotecarios de vivienda son todos los intereses que paga sobre un préstamo garantizado por su vivienda (vivienda principal o segunda vivienda). State income tax address El préstamo puede ser una hipoteca para la compra de su vivienda, una segunda hipoteca, una línea de crédito o un préstamo sobre el valor neto de la vivienda. State income tax address Puede deducir los intereses hipotecarios de vivienda si se reúnen todas las siguientes condiciones: Presenta el Formulario 1040 y detalla deducciones en el Anexo A (Formulario 1040). State income tax address La hipoteca es una deuda garantizada sobre una vivienda calificada en la cual tiene participación como dueño de la misma. State income tax address (Por lo general, una hipoteca es una deuda garantizada si pone como garantía su vivienda para proteger los intereses del prestamista. State income tax address El término “vivienda calificada” quiere decir su vivienda principal o segunda vivienda. State income tax address Para más información, vea la Publicación 936, Home Mortgage Interest Deduction (Deducción por intereses hipotecarios de vivienda), en inglés). State income tax address  Tanto usted como el prestamista tienen que tener la intención de que se pague el préstamo. State income tax address Cantidad Deducible En la mayor parte de los casos, podrá deducir todos los intereses hipotecarios de vivienda. State income tax address Cuánto puede deducir depende de la fecha en que obtuvo la hipoteca, la cantidad de la hipoteca y cómo usted usa los fondos procedentes de la misma. State income tax address Intereses totalmente deducibles. State income tax address   Si todas sus hipotecas corresponden a una o más de las tres categorías siguientes en todo momento durante el año, puede deducir todos los intereses sobre dichas hipotecas. State income tax address (Si una hipoteca corresponde a más de una categoría, sume la deuda que corresponde a cada categoría a la otra deuda de la misma categoría). State income tax address   Las tres categorías son: Las hipotecas que obtuvo a más tardar el 13 de octubre de 1987 (denominadas deudas con refugio legal). State income tax address Las hipotecas que obtuvo después del 13 de octubre de 1987 para comprar, construir o mejorar su vivienda (denominadas deudas por adquisición de vivienda), pero únicamente si a lo largo del año 2013 dichas hipotecas, más toda deuda contraída el 13 de octubre de 1987 o antes, ascendieron a $1 millón o menos ($500,000 o menos si es casado que presenta la declaración por separado). State income tax address Las hipotecas que obtuvo después del 13 de octubre de 1987 que no fueran para comprar, construir o mejorar su vivienda (denominadas deudas sobre el valor neto de la vivienda), pero únicamente si a lo largo del año 2013 dichas hipotecas ascendieron a $100,000 o menos ($50,000 o menos si es casado que presenta la declaración por separado) y cuyo total no era mayor que el valor justo de mercado de su vivienda reducido por los puntos (1) y (2). State income tax address Los límites en dólares para la segunda y tercera categoría son aplicables a la suma de las hipotecas sobre su vivienda principal y segunda vivienda. State income tax address   Vea la Parte II de la Publicación 936, en inglés, para definiciones más amplias de la deuda con refugio legal, deuda por adquisición de vivienda y deuda sobre el valor neto de la vivienda. State income tax address   Puede usar la Figura 23-A para verificar si los intereses hipotecarios de vivienda son totalmente deducibles. State income tax address Figura 23-A. State income tax address ¿Son Totalmente Deducibles los Intereses Hipotecarios de mi Vivienda? Instrucciones: Incluya los saldos de TODAS las hipotecas garantizadas por su vivienda principal y segunda vivienda. State income tax address Please click here for the text description of the image. State income tax address Figura 23−A. State income tax address ¿Son Totalmente Deducibles los Intereses Hipotecarios de mi Vivienda? Límites sobre la deducción. State income tax address   No puede deducir totalmente los intereses de una hipoteca que no corresponda a alguna de las tres categorías indicadas anteriormente. State income tax address Si éste es su caso, vea la Parte II de la Publicación 936, en inglés, para calcular la cantidad de los intereses que puede deducir. State income tax address Situaciones Especiales Esta sección describe ciertos elementos que se pueden incluir como intereses hipotecarios de vivienda y otros que no. State income tax address Además, describe ciertas situaciones especiales que podrían afectar su deducción. State income tax address Recargos por pagos hipotecarios tardíos. State income tax address   Puede deducir como intereses hipotecarios de vivienda un recargo por pagos tardíos si no fue por un servicio específico que se prestó en relación a su préstamo hipotecario. State income tax address Multa por pago adelantado de la hipoteca. State income tax address   Si salda su hipoteca de vivienda por adelantado, podría verse obligado a pagar una multa. State income tax address Puede deducir dicha multa como intereses hipotecarios de vivienda con tal de que la multa no sea por un servicio específico que se prestó, o costo en el que se incurrió, con respecto a su préstamo hipotecario. State income tax address Venta de vivienda. State income tax address   Si vende su vivienda, puede deducir los intereses hipotecarios de vivienda (sujetos a los límites correspondientes) pagados hasta la fecha de venta, excluyendo tal fecha. State income tax address Ejemplo. State income tax address Juan y Margarita Gallegos vendieron su vivienda el 7 de mayo. State income tax address Hasta el 30 de abril, hicieron pagos de intereses hipotecarios de vivienda de $1,220. State income tax address El informe de cierre de la venta de la vivienda mostraba intereses de $50 para el período de 6 días en el mes de mayo hasta la fecha de venta, excluyendo tal fecha. State income tax address Su deducción por intereses hipotecarios es $1,270 ($1,220 + $50). State income tax address Intereses pagados por adelantado. State income tax address   Si paga intereses por adelantado para un período que va más allá del final del año tributario, tiene que pagar dichos intereses a plazos intercalados a lo largo de los años tributarios correspondientes. State income tax address Puede deducir en cada año únicamente los intereses que puedan considerarse intereses hipotecarios de vivienda para ese año. State income tax address No obstante, hay una excepción correspondiente a los puntos, tema que se aborda más adelante. State income tax address Crédito por intereses hipotecarios. State income tax address   Quizás pueda reclamar un crédito por intereses hipotecarios si un gobierno estatal o local le otorgó un certificado de crédito hipotecario (MCC, por sus siglas en inglés). State income tax address Calcule el crédito en el Formulario 8396, Mortgage Interest Credit (Crédito por intereses hipotecarios), en inglés. State income tax address Si toma este crédito, tiene que reducir la deducción de intereses hipotecarios por la cantidad del crédito. State income tax address   Para más información sobre el crédito, vea el capítulo 37 . State income tax address Subsidio de vivienda para ministros de la iglesia y personal militar. State income tax address   Si es ministro de una iglesia o miembro de las Fuerzas Armadas y recibe un subsidio de vivienda que no está sujeto a impuestos, aún puede deducir sus intereses hipotecarios de vivienda. State income tax address Hardest Hit Fund (Fondo de ayuda para propietarios de vivienda más afectados) y los programas de préstamos de emergencia para propietarios de viviendas. State income tax address   Puede utilizar un método especial para calcular la deducción de los intereses de la hipoteca y los impuestos de bienes inmuebles en su vivienda principal si reúne ambas de las siguientes condiciones: Usted recibió ayuda conforme a: Un programa del Hardest Hit Fund (Fondo de ayuda para los propietarios de vivienda más afectados que viven en estados con alto desempleo y una baja en el precio de viviendas) del State Housing Finance Agency (State HFA) (Agencia del Financiamiento de Viviendas (HFA estatal)) para los mercados inmobiliarios, en el cual los pagos procedentes de dichos programas pueden usarse para pagar los intereses hipotecarios o Un Emergency Homeowner's Loan Program (Programa de préstamos de emergencia para propietarios de viviendas), administrado por el Departamento de Vivienda y Desarrollo Urbano (HUD, por sus siglas en inglés) o por un estado. State income tax address Usted reúne las condiciones de los reglamentos para deducir todos los intereses hipotecarios del préstamo y todos los impuestos de bienes inmuebles de su vivienda principal. State income tax address   Si reúne todas las condiciones, entonces puede deducir todos los pagos que hizo durante el año al prestamista hipotecario, a la HFA estatal o a HUD, en la hipoteca de la vivienda (incluyendo el monto que muestra el recuadro 3 del Formulario 1098-MA, Mortgage Assistance Payments (Pagos de ayuda para la hipoteca), pero no más de la suma de las cantidades mostradas en el Formulario 1098, Mortgage Interest Statement (Estado de cuenta de los intereses hipotecarios), en el recuadro 1 (intereses recibidos del (de los) pagador(es)), el recuadro 4 (primas de seguro hipotecario) y el recuadro 5 (impuestos sobre los bienes inmuebles). State income tax address Sin embargo, a usted no se le requiere utilizar este método especial para calcular la deducción para los intereses de la hipoteca y los impuestos de los bienes inmuebles en su vivienda principal. State income tax address Pagos de asistencia hipotecaria conforme a la sección 235 de la Ley de Vivienda Nacional. State income tax address   Si reúne los requisitos para recibir pagos de asistencia hipotecaria para familias de bajos recursos conforme a la sección 235 de la Ley de Vivienda Nacional (National Housing Act), la totalidad o parte de los intereses sobre su hipoteca podrían ser pagados en nombre suyo. State income tax address No puede deducir los intereses pagados en nombre suyo. State income tax address No tiene otro efecto sobre los impuestos. State income tax address   No incluya estos pagos de asistencia hipotecaria en sus ingresos. State income tax address Además, no use estos pagos para reducir otras deducciones, tales como los impuestos sobre bienes raíces. State income tax address Personas divorciadas o separadas. State income tax address   Si un acuerdo de divorcio o un acuerdo de separación matrimonial exige que usted o su cónyuge o ex cónyuge pague intereses hipotecarios de vivienda de la cual ambos son dueños, el pago de intereses podría considerarse pensión para el cónyuge divorciado. State income tax address Vea el tema Pagos por una vivienda comprada conjuntamente , en el capítulo 18. State income tax address Alquiler de terreno rescatable. State income tax address   Si hace pagos de alquiler anuales o periódicos sobre un alquiler de terreno rescatable, los puede deducir como intereses hipotecarios. State income tax address   Los pagos hechos para terminar el contrato de arrendamiento y para comprar la parte completa del arrendador de la tierra no se pueden deducir como intereses hipotecarios. State income tax address Para más información, vea la Publicación 936, en inglés. State income tax address Alquileres de terreno no rescatables. State income tax address   Los pagos hechos sobre un alquiler de terreno no rescatable no son intereses hipotecarios. State income tax address Los puede deducir como alquiler si son un gasto comercial o si corresponden a propiedad de alquiler. State income tax address Hipotecas inversas. State income tax address   Una hipoteca inversa es un préstamo cuyas condiciones permiten al prestamista pagarle (ya sea en suma global, con pago mensual por adelantado, línea de crédito o una combinación de estos tres métodos) mientras usted sigue como residente en su vivienda. State income tax address Una hipoteca inversa le da derecho a mantener la escritura de su vivienda. State income tax address Según el plan que tenga, la hipoteca inversa vence y comienza a generar intereses cuando se mude, venda su vivienda, llegue al término del plazo de un préstamo preseleccionado o fallezca. State income tax address Puesto que las hipotecas inversas se consideran anticipos de préstamo y no ingresos, el monto que reciba no está sujeto a impuestos. State income tax address Los intereses devengados (incluyendo un descuento de los intereses originales) sobre una hipoteca inversa no se pueden deducir hasta que se reembolse la totalidad del préstamo. State income tax address La deducción a la que tenga derecho podría estar limitada ya que un préstamo de hipoteca inversa suele estar sujeto al límite sobre la Home Equity Debt (Deuda sobre el valor neto de la vivienda), tema que se explica en la Publicación 936, en inglés. State income tax address Pagos de alquiler. State income tax address   Si vive en una casa antes del cierre final de la compra, todos los pagos que haga para ese período son alquiler y no son intereses. State income tax address Esto es cierto aun si se denominan intereses en los documentos relacionados con el cierre. State income tax address No puede deducir esos pagos como intereses hipotecarios de vivienda. State income tax address Fondos procedentes de una hipoteca invertidos en valores exentos de impuestos. State income tax address   No puede deducir los intereses hipotecarios de vivienda sobre la deuda con refugio legal o deuda sobre el valor neto de la vivienda si utilizó los fondos procedentes de la hipoteca para comprar valores o certificados que generan ingresos exentos de impuestos. State income tax address La “deuda con refugio legal” y la “deuda sobre el valor neto de la vivienda” se definen anteriormente bajo Cantidad Deducible. State income tax address Reembolsos de intereses. State income tax address   Si recibe un reembolso de intereses en el mismo año tributario en que los pagó, tiene que reducir su gasto de intereses por la cantidad que se le reembolse. State income tax address Si recibe un reembolso de intereses que dedujo en un año anterior, por regla general tiene que incluirlo en sus ingresos en el año en que lo reciba. State income tax address No obstante, necesita incluirlo sólo hasta la cantidad de la deducción que redujo su impuesto el año anterior. State income tax address Esto es cierto independientemente de si los intereses cobrados en exceso le fueron reembolsados o se usaron para reducir el principal pendiente de su hipoteca. State income tax address    Si recibe un reembolso de intereses que pagó en exceso en un año anterior, generalmente recibirá el Formulario 1098, Mortgage Interest Statement (Estado de cuenta de los intereses hipotecarios), en inglés, que muestra el reembolso en el recuadro 3. State income tax address Para más información sobre el Formulario 1098, vea Formulario 1098, Estado de Cuenta de los Intereses Hipotecarios , más adelante. State income tax address   Para más información sobre cómo tratar los reembolsos de intereses deducidos en años anteriores, vea Recuperación de Fondos , en el capítulo 12. State income tax address Puntos El término “puntos” se usa para describir ciertos cargos pagados, o tratados como pagados, por un prestatario para obtener una hipoteca de vivienda. State income tax address Los puntos también se pueden llamar costos originarios de un préstamo, cargos máximos de un préstamo, descuento del préstamo o puntos de descuento. State income tax address A un prestatario se le trata como si pagara todos los puntos que paga un vendedor de vivienda por la hipoteca del prestatario. State income tax address Vea Puntos pagados por el vendedor , más adelante. State income tax address Regla General Por lo general, no se puede deducir la cantidad completa de puntos en el año en que se pagaron. State income tax address Debido a que son intereses pagados por adelantado, generalmente se deducen proporcionalmente a lo largo de la vigencia (duración) de la hipoteca. State income tax address Vea Deducción Permitida Proporcionalmente , que se presenta a continuación. State income tax address Para excepciones a la regla general, vea Deducción Permitida en el Año del Pago , más adelante. State income tax address Deducción Permitida Proporcionalmente Si no reúne las condiciones mencionadas a continuación bajo Deducción Permitida en el Año del Pago , el préstamo no es considerado un préstamo para mejoras de viviendas, o si escoge no deducir la totalidad de sus puntos en el año en que los pagó, puede deducir los puntos proporcionalmente (igualmente) a lo largo de la vida del préstamo si reúne todas las condiciones siguientes: Utiliza el método contable a base de efectivo. State income tax address Esto significa que declara sus ingresos en el año en que los reciba y deduce sus gastos en el año en que los paga. State income tax address La mayoría de las personas usan este método. State income tax address Su préstamo está garantizado por una vivienda. State income tax address (La vivienda no necesita ser su vivienda principal). State income tax address El plazo del préstamo no es más de 30 años. State income tax address Si el plazo del préstamo es más de 10 años, las condiciones de su préstamo son las mismas que las de otros préstamos ofrecidos en su área para el mismo plazo o un plazo más largo. State income tax address El monto de su préstamo es de $250,000 o menos o el número de puntos no sobrepasa: 4, si el plazo del préstamo es 15 años o menos o 6, si el plazo del préstamo es más de 15 años. State income tax address Deducción Permitida en el Año del Pago Puede deducir la totalidad de los puntos en el año en que se pagaron si cumple todas las condiciones siguientes. State income tax address (Puede usar la Figura 23-B como guía rápida de referencia para averiguar si sus puntos son totalmente deducibles en el año del pago). State income tax address Su préstamo está garantizado por su vivienda principal. State income tax address (Su vivienda principal es aquélla donde usted reside la mayor parte del tiempo). State income tax address Pagar puntos es una práctica comercial establecida en el área donde se efectuó el préstamo. State income tax address Los puntos pagados no eran mayores que los puntos que se suelen cobrar en esa área. State income tax address Utiliza el método contable a base de efectivo. State income tax address Esto significa que declara sus ingresos en el año en que los reciba y deduce sus gastos en el año en que los paga. State income tax address (Si desea más información acerca de este método, vea Métodos Contables en el capítulo 1). State income tax address Los puntos no se pagaron en lugar de cantidades que suelen declarase por separado en el informe de cierre, tales como cargos por tasación, cargos por inspección, honorarios correspondientes al título de la propiedad, honorarios de abogado e impuestos sobre la propiedad. State income tax address Los fondos que usted proveyó antes del cierre, o en el momento del mismo, más los puntos pagados por el vendedor, eran por lo menos iguales a los puntos que se cobraron. State income tax address No se requiere que los fondos que proveyó hayan sido aplicados a los puntos. State income tax address Pueden incluir un pago inicial o de enganche, un depósito en plica, un depósito de buena fe y otros fondos que usted pagó en el momento, o antes, del cierre por cualquier razón. State income tax address No puede haber tomado prestados dichos fondos de su prestamista o agente hipotecario. State income tax address Usa el préstamo para comprar o construir su vivienda principal. State income tax address Los puntos se calcularon como un porcentaje del principal de la hipoteca. State income tax address La cantidad aparece indicada claramente en el informe de cierre (tal como el Settlement Statement, Form HUD-1 (Informe de Cierre, Formulario HUD-1, del Departamento de Vivienda y Desarrollo Urbano)) como puntos cobrados por la hipoteca. State income tax address Los puntos pueden aparecer indicados como puntos pagados con fondos suyos o del vendedor. State income tax address Figura 23-B. State income tax address ¿Son los Puntos Totalmente Deducibles este Año? Please click here for the text description of the image. State income tax address Figura 23-B. State income tax address ¿Son Los Puntos Totalmente Deducibles Este Año? Nota: Si reúne todas estas condiciones, puede optar por deducir la totalidad de los puntos en el año en que los pagó o deducirlos a lo largo de la vigencia del préstamo. State income tax address Préstamo para mejoras de vivienda. State income tax address   También puede deducir, en el año en que fueron pagados, la totalidad de los puntos pagados sobre un préstamo para mejorar su vivienda principal, si se cumplen las condiciones (1) a (6). State income tax address Segunda vivienda. State income tax address No puede deducir la totalidad de los puntos que pague sobre préstamos garantizados por su segunda vivienda en el año en el que los pagó. State income tax address Puede deducir esos puntos únicamente a lo largo de la vida del préstamo. State income tax address Refinanciamiento. State income tax address   Por regla general, los puntos que pague para refinanciar una hipoteca no son deducibles en su totalidad el año en que los pague. State income tax address Esto es cierto aunque la nueva hipoteca esté garantizada por su vivienda principal. State income tax address   Sin embargo, si usa parte de los fondos procedentes de la hipoteca refinanciada para mejorar su vivienda principal y cumple las primeras 6 condiciones que aparecen bajo Deducción Permitida en el Año del Pago , anteriormente, puede deducir toda la parte de los puntos relacionada con la mejora en el año en que los pagó con sus propios fondos. State income tax address Puede deducir el resto de los puntos a lo largo de la vida del préstamo. State income tax address Ejemplo 1. State income tax address En 1998, Guillermo Campos obtuvo una hipoteca para comprar una vivienda. State income tax address En el año 2013, Guillermo refinanció dicha hipoteca con un préstamo hipotecario de $100,000 a 15 años. State income tax address La hipoteca está garantizada por su vivienda. State income tax address Para obtener el nuevo préstamo, tuvo que pagar tres puntos ($3,000). State income tax address Dos puntos ($2,000) eran por intereses pagados por adelantado y un punto ($1,000) por servicios, en lugar de cantidades que generalmente se declaran por separado en el informe de cierre. State income tax address Guillermo pagó los puntos con sus fondos personales en vez de pagarlos con los fondos procedentes del nuevo préstamo. State income tax address El pago de los puntos es una práctica comercial establecida en esa área y los puntos que se cobraron no son mayores que la cantidad que se suele cobrar en dicha área. State income tax address El plazo para el primer pago de Guillermo sobre el nuevo préstamo venció el 1 de julio. State income tax address Hizo seis pagos sobre el préstamo en el año 2013 y es un contribuyente que sigue el método contable a base de efectivo. State income tax address Guillermo usó los fondos procedentes de la nueva hipoteca para amortizar su hipoteca actual. State income tax address Aunque el nuevo préstamo hipotecario era para que Guillermo siguiera siendo el dueño de su vivienda principal, dicho préstamo no era para la compra o mejora de aquella vivienda. State income tax address No puede deducir todos los puntos en el año 2013. State income tax address Puede deducir dos puntos ($2,000) proporcionalmente a lo largo de la vida del préstamo. State income tax address Deduce $67 [($2,000 ÷ 180 meses) × 6 pagos] de los puntos en el año 2013. State income tax address El otro punto ($1,000) era un cargo por servicios y no se puede deducir. State income tax address Ejemplo 2. State income tax address Los hechos son iguales a los del Ejemplo 1, excepto que Guillermo usó $25,000 de los fondos procedentes del préstamo para mejorar su vivienda y $75,000 para amortizar su hipoteca actual. State income tax address Guillermo deduce el 25% ($25,000 ÷ $100,000) de los puntos ($2,000) en el año 2013. State income tax address Su deducción es de $500 ($2,000 × 25%). State income tax address Además, Guillermo deduce la parte proporcionada de los $1,500 sobrantes ($2,000 − $500) que se tiene que pagar a plazos intercalados a lo largo de la vida del préstamo. State income tax address Esto es $50 [($1,500 ÷ 180 meses) × 6 pagos] en el año 2013. State income tax address La cantidad total que Guillermo deduce en el año 2013 es $550 ($500 + $50). State income tax address Situaciones Especiales Esta sección describe ciertas situaciones especiales que podrían afectar su deducción de puntos. State income tax address Descuento de la emisión original. State income tax address   Si no reúne los requisitos para deducir los puntos en el año en que los pagó o deducirlos proporcionalmente a lo largo de la vida del préstamo, o si escoge no utilizar ninguno de estos métodos, los puntos reducen el precio de emisión del préstamo. State income tax address Esta reducción resulta en un descuento de la emisión original, el cual se explica en el capítulo 4 de la Publicación 535, Business Expenses (Gastos de negocios), en inglés. State income tax address Cantidades cobradas por servicios. State income tax address   Las cantidades cobradas por el prestamista por servicios específicos relacionados con el préstamo no son intereses. State income tax address Ejemplos de estos cargos son: Cargos de tasación, Cargos por servicios de notario y Costos de preparación del pagaré hipotecario o escritura de título. State income tax address No puede deducir estas cantidades como puntos ni en el año en que las pagó ni a lo largo de la vigencia de la hipoteca. State income tax address Puntos pagados por el vendedor. State income tax address   El término “puntos” incluye cargos por colocación del préstamo que el vendedor le paga al prestamista para proporcionar financiamiento para el comprador. State income tax address En el caso del vendedor. State income tax address   El vendedor no puede deducir estos cargos como intereses. State income tax address Pero sí son un gasto de venta que reduce la cantidad obtenida por el mismo. State income tax address Vea el capítulo 15 para información sobre la venta de su vivienda. State income tax address En el caso del comprador. State income tax address    El comprador reduce la base de la vivienda por la cantidad de los puntos pagados por el vendedor y trata los puntos como si él o ella los hubiera pagado. State income tax address Si se cumplen todas las condiciones anteriores bajo Deducción Permitida en el Año del Pago , el comprador puede deducir los puntos en el año en que los pagó. State income tax address Si no se reúne alguna de esas condiciones, el comprador deduce los puntos a lo largo de la vida del préstamo. State income tax address   Para más información sobre la base, vea el capítulo 13 . State income tax address Si los fondos provistos son menores que los puntos. State income tax address   Si reúne todas las condiciones de la sección anterior Deducción Permitida en el Año del Pago , excepto que los fondos que proveyó eran menores que los puntos que le fueron cobrados (condición (6)), puede deducir los puntos en el año en que los pagó, hasta la cantidad de fondos que proveyó. State income tax address Además, puede deducir todo punto pagado por el vendedor. State income tax address Ejemplo 1. State income tax address Cuando sacó un préstamo hipotecario de $100,000 para comprar su vivienda en diciembre, le cobraron un punto ($1,000). State income tax address Usted reúne todas las condiciones para deducir puntos en el año en que los pagó, excepto que los únicos fondos que proveyó eran los de un pago inicial o enganche de $750. State income tax address De los $1,000 cobrados por puntos, puede deducir $750 en el año en que los pagó. State income tax address Puede deducir los $250 sobrantes a lo largo de la vigencia de la hipoteca. State income tax address Ejemplo 2. State income tax address Los hechos son iguales a los del Ejemplo 1, excepto que la persona que le vendió su vivienda también pagó un punto ($1,000) para ayudarlo a obtener su hipoteca. State income tax address En el año del pago, usted puede deducir $1,750 ($750 de la cantidad que le cobraron a usted más los $1,000 pagados por el vendedor). State income tax address Puede deducir los $250 sobrantes a lo largo de la vigencia de la hipoteca. State income tax address Tiene que restar de la base de su vivienda los $1,000 pagados por el vendedor. State income tax address Puntos en exceso. State income tax address   Si reúne todas las condiciones de la sección anterior, Deducción Permitida en el Año del Pago , salvo que los puntos pagados eran mayores que los que generalmente se pagan en su área (condición (3)), en el año del pago deduce sólo los puntos que se suelen cobrar. State income tax address Tiene que deducir los puntos adicionales a lo largo de la vigencia de la hipoteca. State income tax address Hipoteca que termina antes del plazo de vigencia convenido. State income tax address   Si distribuye la deducción de los puntos a lo largo de la vigencia de la hipoteca, puede deducir todo saldo restante en el año en que vence la hipoteca. State income tax address Sin embargo, si la refinancia con el mismo prestamista, no puede deducir ningún saldo restante de los puntos distribuidos a lo largo de la vigencia de dicha hipoteca. State income tax address En vez de ello, deduzca el saldo restante a lo largo de la vigencia del nuevo préstamo. State income tax address    Una hipoteca podría vencer antes de lo programado debido al pago por adelantado, refinanciamiento, ejecución de hipoteca o acontecimiento parecido. State income tax address Ejemplo. State income tax address Daniel pagó $3,000 en puntos en 2002 que tuvo que deducir distribuidos a lo largo de la vigiencia de su hipoteca de 15 años. State income tax address Deduce $200 en puntos por año. State income tax address Ha deducido $2,200 de estos puntos hasta el año 2012, inclusive. State income tax address Daniel pagó por adelantado la totalidad de su hipoteca en el año 2013. State income tax address Puede deducir los $800 de puntos restantes en el año 2013. State income tax address Límites sobre la deducción. State income tax address   No puede deducir la totalidad de los puntos sobre una hipoteca a menos que la misma corresponda a una de las categorías enumeradas anteriormente bajo Intereses totalmente deducibles . State income tax address Vea la Publicación 936, en inglés, para más información. State income tax address Primas de Seguro Hipotecario Las primas pagadas por un seguro hipotecario calificado durante el año 2013 se pueden deducir como intereses hipotecarios de vivienda. State income tax address Dicho seguro tiene que estar relacionado con una deuda por adquisición de vivienda; el contrato de seguro tiene que haberse emitido después del año 2006. State income tax address Seguro hipotecario calificado. State income tax address   El seguro hipotecario calificado incluye seguros hipotecarios facilitados por el Departamento de Asuntos de los Veteranos, la Administración Federal de Vivienda o el Servicio de la Vivienda Rural y seguros hipotecarios privados (como se define en la sección 2 de la Homeowners Protection Act (Ley de Protección del Propietario de Vivienda) de 1998, según vigencia del 20 de diciembre de 2006). State income tax address   El seguro hipotecario provisto por el Departamento de Asuntos de los Veteranos se conoce comúnmente como cargo de financiamiento (funding fee). State income tax address Si es provisto por el Servicio de la Vivienda Rural, entonces se conoce como cargo de garantía (guarantee fee). State income tax address Si el contrato de seguro hipotecario entró en vigencia en el año 2013, dichas comisiones se pueden deducir en su totalidad en ese mismo año. State income tax address Póngase en contacto con el emisor del seguro hipotecario para calcular el monto deducible, si éste no se ha declarado en el recuadro 4 del Formulario 1098. State income tax address Reglas especiales para pagos adelantados de seguro hipotecario. State income tax address   Normalmente, si pagó primas de un seguro hipotecario calificado que se puedan asignar a algún período después del cierre del año tributario, se considera que dichas primas se han pagado en el período al que se asignan. State income tax address Tiene que asignar las primas a lo largo del plazo de vigencia establecido por la hipoteca u 84 meses, lo que sea más corto, a partir del mes en el que se obtuvo el seguro. State income tax address No se permite deducción alguna por el saldo no amortizado si se paga la hipoteca antes del plazo de vigencia convenido. State income tax address Este párrafo no corresponde en el caso de un seguro hipotecario calificado que le haya facilitado el Departamento de Asuntos de los Veteranos o el Servicio de la Vivienda Rural. State income tax address Vea el Ejemplo que se presenta a continuación. State income tax address Ejemplo. State income tax address Ronaldo compró una vivienda en mayo de 2012 y la financió por medio de una hipoteca de 15 años. State income tax address Además, Ronaldo pagó por adelantado la totalidad de los $9,240 en seguros hipotecarios privados que estuvo obligado a pagar en el momento del cierre, en el mes de mayo. State income tax address Ya que los $9,240 en seguros hipotecarios privados se pueden asignar a períodos posteriores a 2012, Ronaldo tiene que asignar los $9,240 a lo largo del plazo de vigencia establecido por la hipoteca u 84 meses, lo que sea más corto. State income tax address Los ingresos brutos ajustados de Ronaldo son $76,000 para 2012. State income tax address Ronaldo puede deducir $880 ($9,240 ÷ 84 x 8 meses) por primas de un seguro hipotecario calificado en 2012. State income tax address Para 2013, Ronaldo puede deducir $1,320 ($9,240 ÷ 84 x 12 meses) si sus ingresos brutos ajustados son $100,000 o menos. State income tax address En este ejemplo, las primas de seguro hipotecario son asignadas a lo largo de 84 meses, lo cual es más corto que el plazo de vigencia de 15 años (180 meses) establecido por la hipoteca. State income tax address Límite sobre la deducción. State income tax address   Si su ingreso bruto ajustado en la línea 38 del Formulario 1040 es más de $100,000 ($50,000, si es casado que presenta la declaración por separado), se reduce, e incluso podría eliminarse, la cantidad de las primas del seguro hipotecario que de otro modo serían deducibles. State income tax address Para calcular la cantidad que puede deducir, vea Line 13 (Línea 13) en las Instrucciones del Anexo A (Formulario 1040) y complete la Mortgage Insurance Premiums Deduction Worksheet (Hoja de trabajo para la deducción de primas de seguro hipotecario). State income tax address Si su ingreso bruto ajustado es más de $109,000 ($54,500, si es casado que presenta la declaración por separado) no puede deducir las primas de un seguro hipotecario. State income tax address Formulario 1098, Estado de Cuenta de los Intereses Hipotecarios Si usted pagó $600 o más en intereses hipotecarios (incluidos ciertos puntos y primas de seguro hipotecario) durante el año sobre una hipoteca, generalmente recibirá un Formulario 1098, o estado de cuenta parecido, del titular de la hipoteca. State income tax address Recibirá el estado de cuenta si le paga intereses a una persona (incluyendo una institución financiera o una sociedad anónima cooperativa de viviendas) en el transcurso de la ocupación o negocio de aquella persona. State income tax address Una unidad del gobierno se considera una persona para fines de facilitar el estado de cuenta. State income tax address El estado de cuenta para cada año debería serle enviado a usted a más tardar el 31 de enero del año siguiente. State income tax address Una copia de este formulario también le será enviada al IRS. State income tax address En el estado de cuenta aparecerá el total de los intereses que usted pagó durante el año, todas las primas de seguro hipotecario que pagó y, si compró una vivienda principal durante el año, también aparecerán en el estado de cuenta los puntos deducibles pagados durante el año, incluidos puntos pagados por el vendedor. State income tax address Sin embargo, el estado de cuenta no debería mostrar ningún interés que una dependencia del gobierno haya pagado en nombre suyo. State income tax address Por regla general, el Formulario 1098 incluirá sólo los puntos que usted puede deducir totalmente en el año en que los pagó. State income tax address Sin embargo, ciertos puntos no incluidos en el Formulario 1098 también podrían ser deducibles en el año en que los pagó o a lo largo de la vigencia del préstamo. State income tax address Vea la sección anterior Puntos , para determinar si puede deducir puntos que no aparecen en el Formulario 1098. State income tax address Intereses pagados por adelantado en el Formulario 1098. State income tax address   Si pagó intereses por adelantado en el año 2013 devengados en su totalidad para el 15 de enero de 2014, estos intereses pagados por adelantado podrían ser incluidos en el recuadro 1 del Formulario 1098. State income tax address No obstante, no puede deducir la cantidad pagada por adelantado para enero del año 2014 en el año 2013. State income tax address (Vea Intereses pagados por adelantado , anteriormente). State income tax address Tendrá que calcular los intereses devengados en el año 2014 y restarlos de la cantidad del recuadro 1. State income tax address Incluirá los intereses para enero del año 2014 con los demás intereses que pague para el año 2014. State income tax address Vea Cómo Hacer la Declaración , más adelante. State income tax address Intereses reembolsados. State income tax address   Si recibió un reembolso de intereses hipotecarios que pagó en exceso en un año anterior, por lo general, recibirá un Formulario 1098 que muestre el reembolso en el recuadro 3. State income tax address Vea Reembolsos de intereses , anteriormente. State income tax address Primas de seguro hipotecario. State income tax address   La cantidad de primas de seguro hipotecario que pagó en el año 2013 podría aparecer en el recuadro 4 del Formulario 1098. State income tax address Vea Primas de Seguro Hipotecario , anteriormente. State income tax address Intereses Procedentes de Inversiones Esta sección trata sobre los gastos de intereses que quizás podría deducir como inversionista. State income tax address Si saca un préstamo para comprar propiedad que tiene con fines de inversión, los intereses que pague son intereses de inversión. State income tax address Puede deducir intereses de inversión conforme al límite explicado más adelante. State income tax address Sin embargo, no puede deducir intereses en los que incurrió para generar ingresos exentos de impuestos. State income tax address Tampoco puede deducir gastos de intereses sobre una doble opción simultánea de compra y venta. State income tax address Los intereses de inversión no incluyen intereses hipotecarios sobre una vivienda calificada. State income tax address Tampoco incluyen intereses que se hayan tenido en cuenta al calcular ingresos o pérdidas provenientes de una actividad pasiva. State income tax address Bienes de Inversión Los bienes que se tienen para fines de inversión incluyen bienes que producen intereses, dividendos, anualidades o regalías no generados en el curso normal de las operaciones de una ocupación o negocio. State income tax address Además, incluyen bienes que producen ganancias o pérdidas (no generadas en el curso normal de las operaciones de una ocupación o negocio) provenientes de la venta o intercambio comercial de bienes que producen este tipo de ingresos o que se tienen para fines de inversión (a excepción de intereses en una actividad pasiva). State income tax address Los bienes de inversión también incluyen la participación en una actividad relacionada con su ocupación o negocio en la que usted no participó materialmente (a excepción de una actividad pasiva). State income tax address Socios, accionistas y beneficiarios. State income tax address   Para determinar sus intereses de inversión, sume su participación en los intereses de inversión de una sociedad colectiva, sociedad anónima de tipo S, caudal hereditario o fideicomiso más sus demás intereses de inversión. State income tax address Asignación de Gastos de Intereses Si saca un préstamo para fines comerciales o personales además de fines de inversión, tiene que asignar la deuda entre estos fines. State income tax address Sólo el gasto de intereses de la parte de la deuda que se usa para fines de inversión se considera intereses de inversión. State income tax address La asignación no se ve afectada por el uso de bienes que garantizan la deuda. State income tax address Límite sobre la Deducción Por regla general, la deducción por gastos de intereses de inversión se limita a la cantidad del ingreso neto de inversiones. State income tax address Puede trasladar al año tributario siguiente la cantidad de intereses de inversión que no pudo deducir debido a este límite. State income tax address Los intereses trasladados se consideran intereses de inversión pagados o acumulados en ese año siguiente. State income tax address Puede trasladar al año tributario siguiente intereses de inversión denegados aun si son mayores que su ingreso tributable en el año en que los intereses se pagaron o se acumularon. State income tax address Ingresos Netos de Inversiones Determine la cantidad de sus ingresos netos de inversiones restando sus gastos de inversión (a excepción de los gastos de intereses) de sus ingresos de inversiones. State income tax address Ingresos procedentes de inversiones. State income tax address    Por regla general, esto incluye su ingreso bruto proveniente de bienes que se tengan con fines de inversión (tales como intereses, dividendos, anualidades y regalías). State income tax address El ingreso de inversiones no incluye dividendos del Alaska Permanent Fund (Fondo Permanente de Alaska). State income tax address Tampoco incluye dividendos calificados o ganancias de capital netas a no ser que usted escoja incluirlos. State income tax address Si escoge incluir dividendos calificados. State income tax address   Los ingresos de inversiones normalmente no incluyen dividendos calificados, explicados en el capítulo 8. State income tax address No obstante, puede escoger incluir la totalidad o parte de sus dividendos calificados en los ingresos de inversiones. State income tax address   Esta opción se hace llenando la línea 4g del Formulario 4952, en inglés, según las instrucciones del mismo. State income tax address   Si escoge incluir alguna cantidad de sus dividendos calificados en los ingresos de inversiones, tendrá que restar esa misma cantidad de los dividendos calificados con derecho a las tasas tributarias más bajas aplicadas a ganancias de capital. State income tax address Si escoge incluir ganancias netas de capital. State income tax address   Por regla general, los ingresos de inversiones no incluyen ganancias netas de capital provenientes de la enajenación de bienes de inversión (incluidas distribuciones de ganancias de capital provenientes de fondos mutuos). State income tax address No obstante, puede escoger incluir la totalidad o parte de sus ganancias netas de capital en los ingresos de inversiones. State income tax address    Esta opción se hace llenando la línea 4g del Formulario 4952, en inglés, según las instrucciones del mismo. State income tax address   Si escoge incluir alguna cantidad de sus ganancias netas de capital en los ingresos de inversiones, tiene que restar esa misma cantidad de las ganancias netas de capital con derecho a las tasas tributarias más bajas aplicadas a ganancias de capital. State income tax address    Antes de escoger entre las dos opciones, tenga en cuenta el efecto general sobre su obligación tributaria. State income tax address Compare el impuesto que pagaría si tomara una o ambas opciones con el impuesto si no tomara ninguna de las dos. State income tax address Ingresos de inversiones de un hijo declarados por los padres. State income tax address    Los ingresos de inversiones incluyen la parte del ingreso de intereses y dividendos de su hijo que escoge declarar en su declaración. State income tax address Si el hijo no tiene dividendos calificados, dividendos del Alaska Permanent Fund (Fondo Permanente de Alaska) o distribuciones de ganancias de capital, esta cantidad corresponde a la línea 6 del Formulario 8814, Parents' Election To Report Child's Interest and Dividends (Elección de los padres de declarar los intereses y dividendos del hijo), en inglés. State income tax address Dividendos calificados del hijo. State income tax address   Si parte de la cantidad que usted declara corresponde a los dividendos calificados de su hijo, esa parte (la cual se declara en la línea 9b del Formulario 1040) generalmente no cuenta como ingreso de inversiones. State income tax address Sin embargo, puede escoger incluir toda o parte de la misma en los ingresos de inversiones, como se explica en Si escoge incluir dividendos calificados , anteriormente. State income tax address   Sus ingresos de inversiones también incluyen la cantidad de la línea 12 del Formulario 8814 (o, si corresponde, la cantidad reducida calculada bajo Dividendos del Alaska Permanent Fund (Fondo Permanente de Alaska) del hijo, tema presentado a continuación. State income tax address Dividendos del Alaska Permanent Fund (Fondo Permanente de Alaska) del hijo. State income tax address   Si parte de la cantidad que declara corresponde a los dividendos de su hijo del Alaska Permanent Fund, dicha parte no cuenta como ingresos de inversiones. State income tax address Para calcular la cantidad de los ingresos de su hijo que usted puede considerar ingresos de inversiones suyos, empiece con la cantidad que aparece en la línea 6 del Formulario 8814. State income tax address Multiplique dicha cantidad por un porcentaje que sea igual a los dividendos del Alaska Permanent Fund divididos por el total de la línea 4 del Formulario 8814. State income tax address Reste el resultado de la cantidad de la línea 12 del Formulario 8814. State income tax address Distribuciones de las ganancias de capital del hijo. State income tax address    Si parte de la cantidad que usted declara corresponde a distribuciones de las ganancias de capital de su hijo, dicha parte (la cual se declara en la línea 13 del Anexo D o la línea 13 del Formulario 1040) generalmente no cuenta como ingresos de inversiones. State income tax address Sin embargo, puede escoger incluir la totalidad o parte de la misma en los ingresos de inversiones, como se explica en Si escoge incluir ganancias netas de capital , anteriormente. State income tax address   Sus ingresos de inversiones también incluyen la cantidad de la línea 12 del Formulario 8814 (o, si corresponde, la cantidad reducida calculada bajo Dividendos del Alaska Permanent Fund (Fondo Permanente de Alaska) del hijo , anteriormente). State income tax address Gastos de inversión. State income tax address   Los gastos de inversión incluyen las deducciones permitidas (a excepción de los gastos de intereses) relacionados directamente con la generación de ingresos de inversión. State income tax address Los gastos de inversión que se incluyan como deducción detallada miscelánea en el Anexo A (Formulario 1040) son deducciones permisibles después de haberse aplicado el límite del 2% que corresponde a las deducciones detalladas misceláneas. State income tax address Utilice la cantidad que sea menor entre: Los gastos de inversión incluidos en la línea 23 del Anexo A (Formulario 1040) o La cantidad de la línea 27 del Anexo A. State income tax address Pérdidas de actividades pasivas. State income tax address   Los ingresos o gastos que usted utilizó al calcular su ingreso o pérdida de una actividad pasiva no se incluyen al determinar sus ingresos o gastos de inversión (incluidos gastos de intereses de inversión). State income tax address Vea la Publicación 925, Passive Activity and At-Risk Rules (Actividad pasiva y reglas sobre el monto a riesgo), en inglés, para información acerca de las actividades pasivas. State income tax address Formulario 4952 Use el Formulario 4952, Investment Interest Expense Deduction (Deducción por gastos de intereses de inversión), en inglés, para calcular su deducción por intereses de inversión. State income tax address Excepción al uso del Formulario 4952. State income tax address   No tiene que llenar el Formulario 4952 ni adjuntarlo a su declaración si reúne todos los requisitos siguientes: Sus gastos de intereses de inversión no son mayores que sus ingresos de inversión provenientes de intereses y dividendos ordinarios menos los dividendos calificados. State income tax address No tiene ningún otro gasto de inversión deducible. State income tax address No ha traspasado ningún gasto de intereses de inversión del año 2012. State income tax address Si reúne todas estas condiciones, puede deducir todos sus intereses de inversión. State income tax address Información Adicional Para más información sobre los intereses de inversión, vea Interest Expenses (Gastos de intereses), en el capítulo 3 de la Publicación 550, en inglés. State income tax address Cantidades que No Puede Deducir Algunos pagos de intereses no son deducibles. State income tax address Ciertos gastos semejantes a los intereses tampoco son deducibles. State income tax address Los gastos no deducibles incluyen los siguientes: Intereses personales (explicados más adelante). State income tax address Cargos por servicios (no obstante, vea Otros Gastos (Línea 23) en el capítulo 28). State income tax address Cargos anuales por tarjetas de crédito. State income tax address Cargos de préstamos. State income tax address Cargos por investigación de crédito. State income tax address Intereses para comprar o tener valores exentos de impuestos. State income tax address Multas y sanciones. State income tax address   No puede deducir multas y sanciones pagadas a un gobierno por violaciones de la ley, independientemente de su naturaleza. State income tax address Intereses Personales Los intereses personales no son deducibles. State income tax address Los intereses personales son aquellos intereses que no son intereses hipotecarios de vivienda, intereses de inversión, intereses comerciales u otros intereses deducibles. State income tax address Incluyen lo siguiente: Intereses sobre préstamos de automóvil (a menos que usted use el automóvil para negocios). State income tax address Intereses sobre el impuesto federal, estatal o local sobre el ingreso. State income tax address Cargos por financiamiento de tarjetas de crédito, contratos de venta al por menor a plazos y cuentas de crédito rotativas en los que se ha incurrido por gastos personales. State income tax address Multas por pagos atrasados por una empresa de servicios públicos. State income tax address Quizás pueda deducir los intereses que pague sobre un préstamo de estudios calificado. State income tax address Para más detalles, vea la Publicación 970, Tax Benefits for Education (Beneficios tributarios por estudios), en inglés. State income tax address Asignación de Intereses Si usa los fondos de un préstamo para más de un propósito (por ejemplo, personal y comercial), tiene que asignar los intereses sobre el préstamo para cada uso. State income tax address Sin embargo, no tiene que asignar intereses hipotecarios de vivienda si son totalmente deducibles, independientemente de cómo se usen los fondos. State income tax address Los intereses sobre un préstamo (a excepción de intereses hipotecarios de vivienda totalmente deducibles) se asignan igual que se asigna el préstamo mismo. State income tax address Esto se hace averiguando cómo se asignaron a usos específicos los desembolsos de los fondos procedentes de la deuda. State income tax address Para más información sobre cómo hacer esto, vea el capítulo 4 de la Publicación 535, en inglés. State income tax address Cómo Hacer la Declaración Tiene que presentar el Formulario 1040 para deducir los gastos de intereses hipotecarios de vivienda en su declaración de impuestos. State income tax address El lugar donde se deducen los gastos de intereses suele depender de cómo se usen los fondos procedentes del préstamo. State income tax address Vea la Tabla 23-1 para un resumen de dónde deducir sus gastos de intereses. State income tax address Tabla 23-1. State income tax address Dónde Deducir los Gastos de Intereses SI usted tiene. State income tax address . State income tax address . State income tax address ENTONCES dedúzcalo en la. State income tax address . State income tax address . State income tax address Y para más información pase a la(s). State income tax address . State income tax address . State income tax address intereses deducibles sobre un préstamo de estudios línea 33 del Formulario 1040 o la línea 18 del Formulario 1040A Publicación 970, en inglés. State income tax address intereses deducibles sobre una hipoteca de vivienda y puntos declarados en el Formulario 1098 línea 10 del Anexo A (Formulario 1040) Publicación 936, en inglés. State income tax address intereses deducibles sobre una hipoteca de vivienda no declarados en el Formulario 1098 línea 11 del Anexo A (Formulario 1040) Publicación 936, en inglés. State income tax address puntos deducibles no declarados en el Formulario 1098 línea 12 del Anexo A (Formulario 1040) Publicación 936, en inglés. State income tax address primas de un seguro hipotecario deducibles línea 13 del Anexo A (Formulario 1040) Publicación 936, en inglés. State income tax address intereses de inversión deducibles (a excepción de intereses en los que se haya incurrido para generar alquileres o regalías) línea 14 del Anexo A (Formulario 1040) Publicación 550, en inglés. State income tax address intereses comerciales deducibles (no agrícolas) Anexo C o C-EZ (Formulario 1040) Publicación 535, en inglés. State income tax address intereses deducibles de negocio agrícola Anexo F (Formulario 1040) Publicaciones 225 y 535, en inglés. State income tax address intereses deducibles en los que se haya incurrido para generar alquileres o regalías Anexo E (Formulario 1040) Publicaciones 527 y 535, en inglés. State income tax address intereses personales no deducibles. State income tax address Intereses y puntos de una hipoteca de vivienda. State income tax address   Deduzca los intereses y puntos de una hipoteca de vivienda que le sean declarados a usted en el Formulario 1098, anotándolos en la línea 10 del Anexo A (Formulario 1040). State income tax address Si usted le pagó a la institución financiera más intereses deducibles que la cantidad que aparece en el Formulario 1098, anote la cantidad deducible que sea mayor en la línea 10. State income tax address Adjunte un documento escrito explicando la diferencia y escriba “See attached” (Vea el documento adjunto) en letra de molde al lado de la línea 10. State income tax address    En el caso de los intereses hipotecarios de vivienda que no se le declararon a usted en el Formulario 1098, dedúzcalos en la línea 11 del Anexo A (Formulario 1040). State income tax address Si le pagó intereses hipotecarios de vivienda a la persona a la cual le compró su vivienda, anote el nombre, dirección y número de identificación del contribuyente (TIN, por sus siglas en inglés) de dicha persona en la línea de puntos al lado de la línea 11. State income tax address El vendedor tiene que darle a usted este número y usted tiene que darle al vendedor su número de identificación del contribuyente. State income tax address Para este fin, puede utilizar el Formulario W-9(SP), Solicitud y Certificación del Número de Identificación del Contribuyente (o el Formulario W-9, en inglés). State income tax address La falta de cumplimiento de alguno de estos requisitos podría resultar en una multa de $50 por cada incumplimiento. State income tax address El TIN puede ser un número de Seguro Social, un número de identificación de contribuyente individual (emitido por el IRS) o un número de identificación del empleador. State income tax address Vea Número de Seguro Social , en el capítulo 1, para más información sobre los TIN. State income tax address    Si puede declarar una deducción por puntos que no le fueron comunicados en el Formulario 1098, deduzca esos puntos en la línea 12 del Anexo A (Formulario 1040). State income tax address    Deduzca primas de seguro hipotecario en la línea 13 del Anexo A (Formulario 1040). State income tax address Más de un prestatario. State income tax address   Si usted y por lo menos otra persona (que no sea su cónyuge, si presenta una declaración conjunta) eran responsables de pagar, y pagaron, los intereses de una hipoteca para su vivienda, y la otra persona recibió un Formulario 1098 mostrando los intereses pagados durante el año, adjunte un documento escrito a su declaración de impuestos explicándolo. State income tax address Anote la cantidad de los intereses que cada uno pagó y dé el nombre y la dirección de la persona que recibió el formulario. State income tax address Deduzca su parte de los intereses en la línea 11 del Anexo A (Formulario 1040) y escriba “ See attached ” (Vea el documento adjunto) en letra de molde al lado de esta línea. State income tax address Además, deduzca su parte de toda prima de seguro hipotecario en la línea 13 del Anexo A (Formulario 1040). State income tax address   Del mismo modo, si es el pagador oficial de una hipoteca sobre la cual hay otros prestatarios con derecho a una deducción por los intereses que aparecen en el Formulario 1098 que recibió, deduzca únicamente su parte de los intereses en la línea 10 del Anexo A (Formulario 1040). State income tax address Usted debe comunicarles a los demás prestatarios qué participación en los intereses tiene cada uno. State income tax address Fondos procedentes de una hipoteca utilizados para negocios o inversiones. State income tax address    Si su deducción por intereses hipotecarios de vivienda es limitada pero la totalidad o una parte de los fondos procedentes de la hipoteca se utilizaron para fines comerciales, de inversión o para otras actividades deducibles, vea la Tabla 23-1 . State income tax address La misma indica dónde deducir las partes de los intereses en exceso que correspondan a esas actividades. State income tax address Intereses de inversión. State income tax address    Deduzca los intereses de inversión, sujetos a ciertos límites explicados en la Publicación 550, en inglés, anotándolos en la línea 14 del Anexo A (Formulario 1040). State income tax address Amortización de primas sobre bonos. State income tax address   Hay varias maneras de tratar las primas que se pagan para comprar bonos tributables. State income tax address Vea Bond Premium Amortization (Amortización de Primas sobre Bonos) en la Publicación 550, en inglés. State income tax address Intereses por regalías o de alquiler que generen ingresos. State income tax address   Deduzca en la Parte I del Anexo E (Formulario 1040) los intereses sobre un préstamo para bienes de alquiler que generen ingresos o bienes que generen regalías y que no se usen en un negocio. State income tax address Ejemplo. State income tax address Usted alquila una parte de su vivienda y saca un préstamo para hacer reparaciones. State income tax address Puede deducir sólo el pago de intereses de la parte alquilada anotándolo en la Parte I del Anexo E (Formulario 1040). State income tax address Deduzca el resto del pago de intereses en el Anexo A (Formulario 1040) si son intereses hipotecarios de vivienda deducibles. State income tax address Prev  Up  Next   Home   More Online Publications