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Turbo Tax Amendment

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Turbo Tax Amendment

Turbo tax amendment Publication 54 - Additional Material Questions and AnswersThis section answers tax- related questions commonly asked by taxpayers living abroad. Turbo tax amendment 1. Turbo tax amendment Filing Requirements—Where, When, and How . Turbo tax amendment 1) When are U. Turbo tax amendment S. Turbo tax amendment income tax returns due? . Turbo tax amendment 2) I am going abroad this year and expect to qualify for the foreign earned income exclusion. Turbo tax amendment How can I secure an extension of time to file my return, when should I file my return, and what forms are required? . Turbo tax amendment 3) My entire income qualifies for the foreign earned income exclusion. Turbo tax amendment Must I file a tax return? . Turbo tax amendment 4) I was sent abroad by my company in November of last year. Turbo tax amendment I plan to secure an extension of time on Form 2350 to file my tax return for last year because I expect to qualify for the foreign earned income exclusion under the physical presence test. Turbo tax amendment However, if my company recalls me to the United States before the end of the qualifying period and I find I will not qualify for the exclusion, how and when should I file my return? . Turbo tax amendment 5) I am a U. Turbo tax amendment S. Turbo tax amendment citizen and have no taxable income from the United States, but I have substantial income from a foreign source. Turbo tax amendment Am I required to file a U. Turbo tax amendment S. Turbo tax amendment income tax return? . Turbo tax amendment 6) I am a U. Turbo tax amendment S. Turbo tax amendment citizen who has retired, and I expect to remain in a foreign country. Turbo tax amendment Do I have any further U. Turbo tax amendment S. Turbo tax amendment tax obligations? . Turbo tax amendment 7) I have been a bona fide resident of a foreign country for over 5 years. Turbo tax amendment Is it necessary for me to pay estimated tax? . Turbo tax amendment 8) Will a check payable in foreign currency be acceptable in payment of my U. Turbo tax amendment S. Turbo tax amendment tax? . Turbo tax amendment 9) I have met the test for physical presence in a foreign country and am filing returns for 2 years. Turbo tax amendment Must I file a separate Form 2555 (or Form 2555-EZ) with each return? . Turbo tax amendment 10) Does a Form 2555 (or 2555-EZ) with a Schedule C or Form W-2 attached constitute a return? . Turbo tax amendment 11) On Form 2350, Application for Extension of Time To File U. Turbo tax amendment S. Turbo tax amendment Income Tax Return, I stated that I would qualify for the foreign earned income exclusion under the physical presence test. Turbo tax amendment If I qualify under the bona fide residence test, can I file my return on that basis? . Turbo tax amendment 12) I am a U. Turbo tax amendment S. Turbo tax amendment citizen who worked in the United States for 6 months last year. Turbo tax amendment I accepted employment overseas in July of last year and expect to qualify for the foreign earned income exclusion. Turbo tax amendment Should I file a return and pay tax on the income earned in the United States during the first 6 months and then, when I qualify, file another return covering the last 6 months of the year? . Turbo tax amendment 13) I am a U. Turbo tax amendment S. Turbo tax amendment citizen. Turbo tax amendment I have lived abroad for a number of years and recently realized that I should have been filing U. Turbo tax amendment S. Turbo tax amendment income tax returns. Turbo tax amendment How do I correct this oversight in not having filed returns for these years? . Turbo tax amendment 14) In 2008, I qualified to exclude my foreign earned income, but I did not claim this exclusion on the return I filed in 2009. Turbo tax amendment I paid all outstanding taxes with the return. Turbo tax amendment Can I file a claim for refund now? . Turbo tax amendment 1) When are U. Turbo tax amendment S. Turbo tax amendment income tax returns due? Generally, for calendar year taxpayers, U. Turbo tax amendment S. Turbo tax amendment income tax returns are due on April 15. Turbo tax amendment If you are a U. Turbo tax amendment S. Turbo tax amendment citizen or resident and both your tax home and your abode are outside the United States and Puerto Rico on the regular due date, an automatic extension is granted to June 15 for filing the return. Turbo tax amendment Interest will be charged on any tax due, as shown on the return, from April 15. Turbo tax amendment a) You should file Form 2350 by the due date of your return to request an extension of time to file. Turbo tax amendment Form 2350 is a special form for those U. Turbo tax amendment S. Turbo tax amendment citizens or residents abroad who expect to qualify for the foreign earned income exclusion or the housing exclusion or deduction under either the bona fide residence test or physical presence test and would like to have an extension of time to delay filing until after they have qualified. Turbo tax amendment b) If the extension is granted, you should file your return after you qualify, but by the approved extension date. Turbo tax amendment c) You must file your Form 1040 with Form 2555 (or Form 2555-EZ). Turbo tax amendment Generally, yes. Turbo tax amendment Every U. Turbo tax amendment S. Turbo tax amendment citizen or resident who receives income must file a U. Turbo tax amendment S. Turbo tax amendment income tax return unless total income without regard to the foreign earned income exclusion is below an amount based on filing status. Turbo tax amendment The income levels for filing purposes are discussed under Filing Requirements in chapter 1. Turbo tax amendment If your regular filing date has passed, you should file a return, Form 1040, as soon as possible for last year. Turbo tax amendment Include a statement with this return noting that you have returned to the United States and will not qualify for the foreign earned income exclusion. Turbo tax amendment You must report your worldwide income on the return. Turbo tax amendment If you paid a foreign tax on the income earned abroad, you may be able to either deduct this tax as an itemized deduction or claim it as a credit against your U. Turbo tax amendment S. Turbo tax amendment income tax. Turbo tax amendment However, if you pay the tax due after the regular due date, interest will be charged from the regular due date until the date the tax is paid. Turbo tax amendment Yes. Turbo tax amendment All U. Turbo tax amendment S. Turbo tax amendment citizens and resident aliens are subject to U. Turbo tax amendment S. Turbo tax amendment tax on their worldwide income. Turbo tax amendment If you paid taxes to a foreign government on income from sources outside the United States, you may be able to claim a foreign tax credit against your U. Turbo tax amendment S. Turbo tax amendment income tax liability for the foreign taxes paid. Turbo tax amendment Form 1116 is used to figure the allowable credit. Turbo tax amendment Your U. Turbo tax amendment S. Turbo tax amendment tax obligation on your income is the same as that of a retired person living in the United States. Turbo tax amendment (See the discussion on filing requirements in chapter 1 of this publication. Turbo tax amendment ) U. Turbo tax amendment S. Turbo tax amendment taxpayers overseas have the same requirements for paying estimated tax as those in the United States. Turbo tax amendment See the discussion under Estimated Tax in chapter 1. Turbo tax amendment Overseas taxpayers should not include in their estimated income any income they receive that is, or will be, exempt from U. Turbo tax amendment S. Turbo tax amendment taxation. Turbo tax amendment Overseas taxpayers can deduct their estimated housing deduction in figuring their estimated tax. Turbo tax amendment The first installment of estimated tax is due on April 15 of the year for which the income is earned. Turbo tax amendment Generally, only U. Turbo tax amendment S. Turbo tax amendment currency is acceptable for payment of income tax. Turbo tax amendment However, if you are a Fulbright grantee, see Fulbright Grant in chapter 1. Turbo tax amendment Yes. Turbo tax amendment A Form 2555 (or Form 2555-EZ) must be filed with each Form 1040 tax return on which the benefits of income earned abroad are claimed. Turbo tax amendment No. Turbo tax amendment The Form 2555 (or 2555-EZ), Schedule C, and Form W-2 are merely attachments and do not relieve you of the requirement to file a Form 1040 to show the sources of income reported and the exclusions or deductions claimed. Turbo tax amendment Yes. Turbo tax amendment You can claim the foreign earned income exclusion and the foreign housing exclusion or deduction under either test as long as you meet the requirements. Turbo tax amendment You are not bound by the test indicated in the application for extension of time. Turbo tax amendment You must be sure, however, that you file the Form 1040 by the date approved on Form 2350, since a return filed after that date may be subject to a failure to file penalty. Turbo tax amendment If you will not qualify under the bona fide residence test until a date later than the extension granted under the physical presence rule, apply for a new extension to a date 30 days beyond the date you expect to qualify as a bona fide resident. Turbo tax amendment No. Turbo tax amendment You have the choice of one of the following two methods of filing your return: a) You can file your return when due under the regular filing rules, report all your income without excluding your foreign earned income, and pay the tax due. Turbo tax amendment After you have qualified for the exclusion, you can file an amended return, Form 1040X, accompanied by Form 2555 (or 2555-EZ), for a refund of any excess tax paid. Turbo tax amendment b) You can postpone the filing of your tax return by applying on Form 2350 for an extension of time to file to a date 30 days beyond the date you expect to qualify under either the bona fide residence test or the physical presence test, then file your return reflecting the exclusion of foreign earned income. Turbo tax amendment This allows you to file only once and saves you from paying the tax and waiting for a refund. Turbo tax amendment However, interest is charged on any tax due on the postponed tax return, but interest is not paid on refunds paid within 45 days after the return is filed. Turbo tax amendment If you have moving expenses that are for services performed in two years, you can be granted an extension until after the end of the second year. Turbo tax amendment File the late returns as soon as possible, stating your reason for filing late. Turbo tax amendment For advice on filing the returns, you should contact an  Internal Revenue Service representative in one of the four overseas offices listed in chapter 7. Turbo tax amendment It is too late to claim this refund since a claim for refund must be filed within 3 years from the date the return was filed or 2 years from the date the tax was paid, whichever is later. Turbo tax amendment A return filed before the due date is considered filed on the due date. Turbo tax amendment . Turbo tax amendment 2) I am going abroad this year and expect to qualify for the foreign earned income exclusion. Turbo tax amendment How can I secure an extension of time to file my return, when should I file my return, and what forms are required? a) You should file Form 2350 by the due date of your return to request an extension of time to file. Turbo tax amendment Form 2350 is a special form for those U. Turbo tax amendment S. Turbo tax amendment citizens or residents abroad who expect to qualify for the foreign earned income exclusion or the housing exclusion or deduction under either the bona fide residence test or physical presence test and would like to have an extension of time to delay filing until after they have qualified. Turbo tax amendment b) If the extension is granted, you should file your return after you qualify, but by the approved extension date. Turbo tax amendment c) You must file your Form 1040 with Form 2555 (or Form 2555-EZ). Turbo tax amendment Generally, yes. Turbo tax amendment Every U. Turbo tax amendment S. Turbo tax amendment citizen or resident who receives income must file a U. Turbo tax amendment S. Turbo tax amendment income tax return unless total income without regard to the foreign earned income exclusion is below an amount based on filing status. Turbo tax amendment The income levels for filing purposes are discussed under Filing Requirements in chapter 1. Turbo tax amendment If your regular filing date has passed, you should file a return, Form 1040, as soon as possible for last year. Turbo tax amendment Include a statement with this return noting that you have returned to the United States and will not qualify for the foreign earned income exclusion. Turbo tax amendment You must report your worldwide income on the return. Turbo tax amendment If you paid a foreign tax on the income earned abroad, you may be able to either deduct this tax as an itemized deduction or claim it as a credit against your U. Turbo tax amendment S. Turbo tax amendment income tax. Turbo tax amendment However, if you pay the tax due after the regular due date, interest will be charged from the regular due date until the date the tax is paid. Turbo tax amendment Yes. Turbo tax amendment All U. Turbo tax amendment S. Turbo tax amendment citizens and resident aliens are subject to U. Turbo tax amendment S. Turbo tax amendment tax on their worldwide income. Turbo tax amendment If you paid taxes to a foreign government on income from sources outside the United States, you may be able to claim a foreign tax credit against your U. Turbo tax amendment S. Turbo tax amendment income tax liability for the foreign taxes paid. Turbo tax amendment Form 1116 is used to figure the allowable credit. Turbo tax amendment Your U. Turbo tax amendment S. Turbo tax amendment tax obligation on your income is the same as that of a retired person living in the United States. Turbo tax amendment (See the discussion on filing requirements in chapter 1 of this publication. Turbo tax amendment ) U. Turbo tax amendment S. Turbo tax amendment taxpayers overseas have the same requirements for paying estimated tax as those in the United States. Turbo tax amendment See the discussion under Estimated Tax in chapter 1. Turbo tax amendment Overseas taxpayers should not include in their estimated income any income they receive that is, or will be, exempt from U. Turbo tax amendment S. Turbo tax amendment taxation. Turbo tax amendment Overseas taxpayers can deduct their estimated housing deduction in figuring their estimated tax. Turbo tax amendment The first installment of estimated tax is due on April 15 of the year for which the income is earned. Turbo tax amendment Generally, only U. Turbo tax amendment S. Turbo tax amendment currency is acceptable for payment of income tax. Turbo tax amendment However, if you are a Fulbright grantee, see Fulbright Grant in chapter 1. Turbo tax amendment Yes. Turbo tax amendment A Form 2555 (or Form 2555-EZ) must be filed with each Form 1040 tax return on which the benefits of income earned abroad are claimed. Turbo tax amendment No. Turbo tax amendment The Form 2555 (or 2555-EZ), Schedule C, and Form W-2 are merely attachments and do not relieve you of the requirement to file a Form 1040 to show the sources of income reported and the exclusions or deductions claimed. Turbo tax amendment Yes. Turbo tax amendment You can claim the foreign earned income exclusion and the foreign housing exclusion or deduction under either test as long as you meet the requirements. Turbo tax amendment You are not bound by the test indicated in the application for extension of time. Turbo tax amendment You must be sure, however, that you file the Form 1040 by the date approved on Form 2350, since a return filed after that date may be subject to a failure to file penalty. Turbo tax amendment If you will not qualify under the bona fide residence test until a date later than the extension granted under the physical presence rule, apply for a new extension to a date 30 days beyond the date you expect to qualify as a bona fide resident. Turbo tax amendment No. Turbo tax amendment You have the choice of one of the following two methods of filing your return: a) You can file your return when due under the regular filing rules, report all your income without excluding your foreign earned income, and pay the tax due. Turbo tax amendment After you have qualified for the exclusion, you can file an amended return, Form 1040X, accompanied by Form 2555 (or 2555-EZ), for a refund of any excess tax paid. Turbo tax amendment b) You can postpone the filing of your tax return by applying on Form 2350 for an extension of time to file to a date 30 days beyond the date you expect to qualify under either the bona fide residence test or the physical presence test, then file your return reflecting the exclusion of foreign earned income. Turbo tax amendment This allows you to file only once and saves you from paying the tax and waiting for a refund. Turbo tax amendment However, interest is charged on any tax due on the postponed tax return, but interest is not paid on refunds paid within 45 days after the return is filed. Turbo tax amendment If you have moving expenses that are for services performed in two years, you can be granted an extension until after the end of the second year. Turbo tax amendment File the late returns as soon as possible, stating your reason for filing late. Turbo tax amendment For advice on filing the returns, you should contact an  Internal Revenue Service representative in one of the four overseas offices listed in chapter 7. Turbo tax amendment It is too late to claim this refund since a claim for refund must be filed within 3 years from the date the return was filed or 2 years from the date the tax was paid, whichever is later. Turbo tax amendment A return filed before the due date is considered filed on the due date. Turbo tax amendment . Turbo tax amendment 3) My entire income qualifies for the foreign earned income exclusion. Turbo tax amendment Must I file a tax return? Generally, yes. Turbo tax amendment Every U. Turbo tax amendment S. Turbo tax amendment citizen or resident who receives income must file a U. Turbo tax amendment S. Turbo tax amendment income tax return unless total income without regard to the foreign earned income exclusion is below an amount based on filing status. Turbo tax amendment The income levels for filing purposes are discussed under Filing Requirements in chapter 1. Turbo tax amendment If your regular filing date has passed, you should file a return, Form 1040, as soon as possible for last year. Turbo tax amendment Include a statement with this return noting that you have returned to the United States and will not qualify for the foreign earned income exclusion. Turbo tax amendment You must report your worldwide income on the return. Turbo tax amendment If you paid a foreign tax on the income earned abroad, you may be able to either deduct this tax as an itemized deduction or claim it as a credit against your U. Turbo tax amendment S. Turbo tax amendment income tax. Turbo tax amendment However, if you pay the tax due after the regular due date, interest will be charged from the regular due date until the date the tax is paid. Turbo tax amendment Yes. Turbo tax amendment All U. Turbo tax amendment S. Turbo tax amendment citizens and resident aliens are subject to U. Turbo tax amendment S. Turbo tax amendment tax on their worldwide income. Turbo tax amendment If you paid taxes to a foreign government on income from sources outside the United States, you may be able to claim a foreign tax credit against your U. Turbo tax amendment S. Turbo tax amendment income tax liability for the foreign taxes paid. Turbo tax amendment Form 1116 is used to figure the allowable credit. Turbo tax amendment Your U. Turbo tax amendment S. Turbo tax amendment tax obligation on your income is the same as that of a retired person living in the United States. Turbo tax amendment (See the discussion on filing requirements in chapter 1 of this publication. Turbo tax amendment ) U. Turbo tax amendment S. Turbo tax amendment taxpayers overseas have the same requirements for paying estimated tax as those in the United States. Turbo tax amendment See the discussion under Estimated Tax in chapter 1. Turbo tax amendment Overseas taxpayers should not include in their estimated income any income they receive that is, or will be, exempt from U. Turbo tax amendment S. Turbo tax amendment taxation. Turbo tax amendment Overseas taxpayers can deduct their estimated housing deduction in figuring their estimated tax. Turbo tax amendment The first installment of estimated tax is due on April 15 of the year for which the income is earned. Turbo tax amendment Generally, only U. Turbo tax amendment S. Turbo tax amendment currency is acceptable for payment of income tax. Turbo tax amendment However, if you are a Fulbright grantee, see Fulbright Grant in chapter 1. Turbo tax amendment Yes. Turbo tax amendment A Form 2555 (or Form 2555-EZ) must be filed with each Form 1040 tax return on which the benefits of income earned abroad are claimed. Turbo tax amendment No. Turbo tax amendment The Form 2555 (or 2555-EZ), Schedule C, and Form W-2 are merely attachments and do not relieve you of the requirement to file a Form 1040 to show the sources of income reported and the exclusions or deductions claimed. Turbo tax amendment Yes. Turbo tax amendment You can claim the foreign earned income exclusion and the foreign housing exclusion or deduction under either test as long as you meet the requirements. Turbo tax amendment You are not bound by the test indicated in the application for extension of time. Turbo tax amendment You must be sure, however, that you file the Form 1040 by the date approved on Form 2350, since a return filed after that date may be subject to a failure to file penalty. Turbo tax amendment If you will not qualify under the bona fide residence test until a date later than the extension granted under the physical presence rule, apply for a new extension to a date 30 days beyond the date you expect to qualify as a bona fide resident. Turbo tax amendment No. Turbo tax amendment You have the choice of one of the following two methods of filing your return: a) You can file your return when due under the regular filing rules, report all your income without excluding your foreign earned income, and pay the tax due. Turbo tax amendment After you have qualified for the exclusion, you can file an amended return, Form 1040X, accompanied by Form 2555 (or 2555-EZ), for a refund of any excess tax paid. Turbo tax amendment b) You can postpone the filing of your tax return by applying on Form 2350 for an extension of time to file to a date 30 days beyond the date you expect to qualify under either the bona fide residence test or the physical presence test, then file your return reflecting the exclusion of foreign earned income. Turbo tax amendment This allows you to file only once and saves you from paying the tax and waiting for a refund. Turbo tax amendment However, interest is charged on any tax due on the postponed tax return, but interest is not paid on refunds paid within 45 days after the return is filed. Turbo tax amendment If you have moving expenses that are for services performed in two years, you can be granted an extension until after the end of the second year. Turbo tax amendment File the late returns as soon as possible, stating your reason for filing late. Turbo tax amendment For advice on filing the returns, you should contact an  Internal Revenue Service representative in one of the four overseas offices listed in chapter 7. Turbo tax amendment It is too late to claim this refund since a claim for refund must be filed within 3 years from the date the return was filed or 2 years from the date the tax was paid, whichever is later. Turbo tax amendment A return filed before the due date is considered filed on the due date. Turbo tax amendment . Turbo tax amendment 4) I was sent abroad by my company in November of last year. Turbo tax amendment I plan to secure an extension of time on Form 2350 to file my tax return for last year because I expect to qualify for the foreign earned income exclusion under the physical presence test. Turbo tax amendment However, if my company recalls me to the United States before the end of the qualifying period and I find I will not qualify for the exclusion, how and when should I file my return? If your regular filing date has passed, you should file a return, Form 1040, as soon as possible for last year. Turbo tax amendment Include a statement with this return noting that you have returned to the United States and will not qualify for the foreign earned income exclusion. Turbo tax amendment You must report your worldwide income on the return. Turbo tax amendment If you paid a foreign tax on the income earned abroad, you may be able to either deduct this tax as an itemized deduction or claim it as a credit against your U. Turbo tax amendment S. Turbo tax amendment income tax. Turbo tax amendment However, if you pay the tax due after the regular due date, interest will be charged from the regular due date until the date the tax is paid. Turbo tax amendment Yes. Turbo tax amendment All U. Turbo tax amendment S. Turbo tax amendment citizens and resident aliens are subject to U. Turbo tax amendment S. Turbo tax amendment tax on their worldwide income. Turbo tax amendment If you paid taxes to a foreign government on income from sources outside the United States, you may be able to claim a foreign tax credit against your U. Turbo tax amendment S. Turbo tax amendment income tax liability for the foreign taxes paid. Turbo tax amendment Form 1116 is used to figure the allowable credit. Turbo tax amendment Your U. Turbo tax amendment S. Turbo tax amendment tax obligation on your income is the same as that of a retired person living in the United States. Turbo tax amendment (See the discussion on filing requirements in chapter 1 of this publication. Turbo tax amendment ) U. Turbo tax amendment S. Turbo tax amendment taxpayers overseas have the same requirements for paying estimated tax as those in the United States. Turbo tax amendment See the discussion under Estimated Tax in chapter 1. Turbo tax amendment Overseas taxpayers should not include in their estimated income any income they receive that is, or will be, exempt from U. Turbo tax amendment S. Turbo tax amendment taxation. Turbo tax amendment Overseas taxpayers can deduct their estimated housing deduction in figuring their estimated tax. Turbo tax amendment The first installment of estimated tax is due on April 15 of the year for which the income is earned. Turbo tax amendment Generally, only U. Turbo tax amendment S. Turbo tax amendment currency is acceptable for payment of income tax. Turbo tax amendment However, if you are a Fulbright grantee, see Fulbright Grant in chapter 1. Turbo tax amendment Yes. Turbo tax amendment A Form 2555 (or Form 2555-EZ) must be filed with each Form 1040 tax return on which the benefits of income earned abroad are claimed. Turbo tax amendment No. Turbo tax amendment The Form 2555 (or 2555-EZ), Schedule C, and Form W-2 are merely attachments and do not relieve you of the requirement to file a Form 1040 to show the sources of income reported and the exclusions or deductions claimed. Turbo tax amendment Yes. Turbo tax amendment You can claim the foreign earned income exclusion and the foreign housing exclusion or deduction under either test as long as you meet the requirements. Turbo tax amendment You are not bound by the test indicated in the application for extension of time. Turbo tax amendment You must be sure, however, that you file the Form 1040 by the date approved on Form 2350, since a return filed after that date may be subject to a failure to file penalty. Turbo tax amendment If you will not qualify under the bona fide residence test until a date later than the extension granted under the physical presence rule, apply for a new extension to a date 30 days beyond the date you expect to qualify as a bona fide resident. Turbo tax amendment No. Turbo tax amendment You have the choice of one of the following two methods of filing your return: a) You can file your return when due under the regular filing rules, report all your income without excluding your foreign earned income, and pay the tax due. Turbo tax amendment After you have qualified for the exclusion, you can file an amended return, Form 1040X, accompanied by Form 2555 (or 2555-EZ), for a refund of any excess tax paid. Turbo tax amendment b) You can postpone the filing of your tax return by applying on Form 2350 for an extension of time to file to a date 30 days beyond the date you expect to qualify under either the bona fide residence test or the physical presence test, then file your return reflecting the exclusion of foreign earned income. Turbo tax amendment This allows you to file only once and saves you from paying the tax and waiting for a refund. Turbo tax amendment However, interest is charged on any tax due on the postponed tax return, but interest is not paid on refunds paid within 45 days after the return is filed. Turbo tax amendment If you have moving expenses that are for services performed in two years, you can be granted an extension until after the end of the second year. Turbo tax amendment File the late returns as soon as possible, stating your reason for filing late. Turbo tax amendment For advice on filing the returns, you should contact an  Internal Revenue Service representative in one of the four overseas offices listed in chapter 7. Turbo tax amendment It is too late to claim this refund since a claim for refund must be filed within 3 years from the date the return was filed or 2 years from the date the tax was paid, whichever is later. Turbo tax amendment A return filed before the due date is considered filed on the due date. Turbo tax amendment . Turbo tax amendment 5) I am a U. Turbo tax amendment S. Turbo tax amendment citizen and have no taxable income from the United States, but I have substantial income from a foreign source. Turbo tax amendment Am I required to file a U. Turbo tax amendment S. Turbo tax amendment income tax return? Yes. Turbo tax amendment All U. Turbo tax amendment S. Turbo tax amendment citizens and resident aliens are subject to U. Turbo tax amendment S. Turbo tax amendment tax on their worldwide income. Turbo tax amendment If you paid taxes to a foreign government on income from sources outside the United States, you may be able to claim a foreign tax credit against your U. Turbo tax amendment S. Turbo tax amendment income tax liability for the foreign taxes paid. Turbo tax amendment Form 1116 is used to figure the allowable credit. Turbo tax amendment Your U. Turbo tax amendment S. Turbo tax amendment tax obligation on your income is the same as that of a retired person living in the United States. Turbo tax amendment (See the discussion on filing requirements in chapter 1 of this publication. Turbo tax amendment ) U. Turbo tax amendment S. Turbo tax amendment taxpayers overseas have the same requirements for paying estimated tax as those in the United States. Turbo tax amendment See the discussion under Estimated Tax in chapter 1. Turbo tax amendment Overseas taxpayers should not include in their estimated income any income they receive that is, or will be, exempt from U. Turbo tax amendment S. Turbo tax amendment taxation. Turbo tax amendment Overseas taxpayers can deduct their estimated housing deduction in figuring their estimated tax. Turbo tax amendment The first installment of estimated tax is due on April 15 of the year for which the income is earned. Turbo tax amendment Generally, only U. Turbo tax amendment S. Turbo tax amendment currency is acceptable for payment of income tax. Turbo tax amendment However, if you are a Fulbright grantee, see Fulbright Grant in chapter 1. Turbo tax amendment Yes. Turbo tax amendment A Form 2555 (or Form 2555-EZ) must be filed with each Form 1040 tax return on which the benefits of income earned abroad are claimed. Turbo tax amendment No. Turbo tax amendment The Form 2555 (or 2555-EZ), Schedule C, and Form W-2 are merely attachments and do not relieve you of the requirement to file a Form 1040 to show the sources of income reported and the exclusions or deductions claimed. Turbo tax amendment Yes. Turbo tax amendment You can claim the foreign earned income exclusion and the foreign housing exclusion or deduction under either test as long as you meet the requirements. Turbo tax amendment You are not bound by the test indicated in the application for extension of time. Turbo tax amendment You must be sure, however, that you file the Form 1040 by the date approved on Form 2350, since a return filed after that date may be subject to a failure to file penalty. Turbo tax amendment If you will not qualify under the bona fide residence test until a date later than the extension granted under the physical presence rule, apply for a new extension to a date 30 days beyond the date you expect to qualify as a bona fide resident. Turbo tax amendment No. Turbo tax amendment You have the choice of one of the following two methods of filing your return: a) You can file your return when due under the regular filing rules, report all your income without excluding your foreign earned income, and pay the tax due. Turbo tax amendment After you have qualified for the exclusion, you can file an amended return, Form 1040X, accompanied by Form 2555 (or 2555-EZ), for a refund of any excess tax paid. Turbo tax amendment b) You can postpone the filing of your tax return by applying on Form 2350 for an extension of time to file to a date 30 days beyond the date you expect to qualify under either the bona fide residence test or the physical presence test, then file your return reflecting the exclusion of foreign earned income. Turbo tax amendment This allows you to file only once and saves you from paying the tax and waiting for a refund. Turbo tax amendment However, interest is charged on any tax due on the postponed tax return, but interest is not paid on refunds paid within 45 days after the return is filed. Turbo tax amendment If you have moving expenses that are for services performed in two years, you can be granted an extension until after the end of the second year. Turbo tax amendment File the late returns as soon as possible, stating your reason for filing late. Turbo tax amendment For advice on filing the returns, you should contact an  Internal Revenue Service representative in one of the four overseas offices listed in chapter 7. Turbo tax amendment It is too late to claim this refund since a claim for refund must be filed within 3 years from the date the return was filed or 2 years from the date the tax was paid, whichever is later. Turbo tax amendment A return filed before the due date is considered filed on the due date. Turbo tax amendment . Turbo tax amendment 6) I am a U. Turbo tax amendment S. Turbo tax amendment citizen who has retired, and I expect to remain in a foreign country. Turbo tax amendment Do I have any further U. Turbo tax amendment S. Turbo tax amendment tax obligations? Your U. Turbo tax amendment S. Turbo tax amendment tax obligation on your income is the same as that of a retired person living in the United States. Turbo tax amendment (See the discussion on filing requirements in chapter 1 of this publication. Turbo tax amendment ) U. Turbo tax amendment S. Turbo tax amendment taxpayers overseas have the same requirements for paying estimated tax as those in the United States. Turbo tax amendment See the discussion under Estimated Tax in chapter 1. Turbo tax amendment Overseas taxpayers should not include in their estimated income any income they receive that is, or will be, exempt from U. Turbo tax amendment S. Turbo tax amendment taxation. Turbo tax amendment Overseas taxpayers can deduct their estimated housing deduction in figuring their estimated tax. Turbo tax amendment The first installment of estimated tax is due on April 15 of the year for which the income is earned. Turbo tax amendment Generally, only U. Turbo tax amendment S. Turbo tax amendment currency is acceptable for payment of income tax. Turbo tax amendment However, if you are a Fulbright grantee, see Fulbright Grant in chapter 1. Turbo tax amendment Yes. Turbo tax amendment A Form 2555 (or Form 2555-EZ) must be filed with each Form 1040 tax return on which the benefits of income earned abroad are claimed. Turbo tax amendment No. Turbo tax amendment The Form 2555 (or 2555-EZ), Schedule C, and Form W-2 are merely attachments and do not relieve you of the requirement to file a Form 1040 to show the sources of income reported and the exclusions or deductions claimed. Turbo tax amendment Yes. Turbo tax amendment You can claim the foreign earned income exclusion and the foreign housing exclusion or deduction under either test as long as you meet the requirements. Turbo tax amendment You are not bound by the test indicated in the application for extension of time. Turbo tax amendment You must be sure, however, that you file the Form 1040 by the date approved on Form 2350, since a return filed after that date may be subject to a failure to file penalty. Turbo tax amendment If you will not qualify under the bona fide residence test until a date later than the extension granted under the physical presence rule, apply for a new extension to a date 30 days beyond the date you expect to qualify as a bona fide resident. Turbo tax amendment No. Turbo tax amendment You have the choice of one of the following two methods of filing your return: a) You can file your return when due under the regular filing rules, report all your income without excluding your foreign earned income, and pay the tax due. Turbo tax amendment After you have qualified for the exclusion, you can file an amended return, Form 1040X, accompanied by Form 2555 (or 2555-EZ), for a refund of any excess tax paid. Turbo tax amendment b) You can postpone the filing of your tax return by applying on Form 2350 for an extension of time to file to a date 30 days beyond the date you expect to qualify under either the bona fide residence test or the physical presence test, then file your return reflecting the exclusion of foreign earned income. Turbo tax amendment This allows you to file only once and saves you from paying the tax and waiting for a refund. Turbo tax amendment However, interest is charged on any tax due on the postponed tax return, but interest is not paid on refunds paid within 45 days after the return is filed. Turbo tax amendment If you have moving expenses that are for services performed in two years, you can be granted an extension until after the end of the second year. Turbo tax amendment File the late returns as soon as possible, stating your reason for filing late. Turbo tax amendment For advice on filing the returns, you should contact an  Internal Revenue Service representative in one of the four overseas offices listed in chapter 7. Turbo tax amendment It is too late to claim this refund since a claim for refund must be filed within 3 years from the date the return was filed or 2 years from the date the tax was paid, whichever is later. Turbo tax amendment A return filed before the due date is considered filed on the due date. Turbo tax amendment . Turbo tax amendment 7) I have been a bona fide resident of a foreign country for over 5 years. Turbo tax amendment Is it necessary for me to pay estimated tax? U. Turbo tax amendment S. Turbo tax amendment taxpayers overseas have the same requirements for paying estimated tax as those in the United States. Turbo tax amendment See the discussion under Estimated Tax in chapter 1. Turbo tax amendment Overseas taxpayers should not include in their estimated income any income they receive that is, or will be, exempt from U. Turbo tax amendment S. Turbo tax amendment taxation. Turbo tax amendment Overseas taxpayers can deduct their estimated housing deduction in figuring their estimated tax. Turbo tax amendment The first installment of estimated tax is due on April 15 of the year for which the income is earned. Turbo tax amendment Generally, only U. Turbo tax amendment S. Turbo tax amendment currency is acceptable for payment of income tax. Turbo tax amendment However, if you are a Fulbright grantee, see Fulbright Grant in chapter 1. Turbo tax amendment Yes. Turbo tax amendment A Form 2555 (or Form 2555-EZ) must be filed with each Form 1040 tax return on which the benefits of income earned abroad are claimed. Turbo tax amendment No. Turbo tax amendment The Form 2555 (or 2555-EZ), Schedule C, and Form W-2 are merely attachments and do not relieve you of the requirement to file a Form 1040 to show the sources of income reported and the exclusions or deductions claimed. Turbo tax amendment Yes. Turbo tax amendment You can claim the foreign earned income exclusion and the foreign housing exclusion or deduction under either test as long as you meet the requirements. Turbo tax amendment You are not bound by the test indicated in the application for extension of time. Turbo tax amendment You must be sure, however, that you file the Form 1040 by the date approved on Form 2350, since a return filed after that date may be subject to a failure to file penalty. Turbo tax amendment If you will not qualify under the bona fide residence test until a date later than the extension granted under the physical presence rule, apply for a new extension to a date 30 days beyond the date you expect to qualify as a bona fide resident. Turbo tax amendment No. Turbo tax amendment You have the choice of one of the following two methods of filing your return: a) You can file your return when due under the regular filing rules, report all your income without excluding your foreign earned income, and pay the tax due. Turbo tax amendment After you have qualified for the exclusion, you can file an amended return, Form 1040X, accompanied by Form 2555 (or 2555-EZ), for a refund of any excess tax paid. Turbo tax amendment b) You can postpone the filing of your tax return by applying on Form 2350 for an extension of time to file to a date 30 days beyond the date you expect to qualify under either the bona fide residence test or the physical presence test, then file your return reflecting the exclusion of foreign earned income. Turbo tax amendment This allows you to file only once and saves you from paying the tax and waiting for a refund. Turbo tax amendment However, interest is charged on any tax due on the postponed tax return, but interest is not paid on refunds paid within 45 days after the return is filed. Turbo tax amendment If you have moving expenses that are for services performed in two years, you can be granted an extension until after the end of the second year. Turbo tax amendment File the late returns as soon as possible, stating your reason for filing late. Turbo tax amendment For advice on filing the returns, you should contact an  Internal Revenue Service representative in one of the four overseas offices listed in chapter 7. Turbo tax amendment It is too late to claim this refund since a claim for refund must be filed within 3 years from the date the return was filed or 2 years from the date the tax was paid, whichever is later. Turbo tax amendment A return filed before the due date is considered filed on the due date. Turbo tax amendment . Turbo tax amendment 8) Will a check payable in foreign currency be acceptable in payment of my U. Turbo tax amendment S. Turbo tax amendment tax? Generally, only U. Turbo tax amendment S. Turbo tax amendment currency is acceptable for payment of income tax. Turbo tax amendment However, if you are a Fulbright grantee, see Fulbright Grant in chapter 1. Turbo tax amendment Yes. Turbo tax amendment A Form 2555 (or Form 2555-EZ) must be filed with each Form 1040 tax return on which the benefits of income earned abroad are claimed. Turbo tax amendment No. Turbo tax amendment The Form 2555 (or 2555-EZ), Schedule C, and Form W-2 are merely attachments and do not relieve you of the requirement to file a Form 1040 to show the sources of income reported and the exclusions or deductions claimed. Turbo tax amendment Yes. Turbo tax amendment You can claim the foreign earned income exclusion and the foreign housing exclusion or deduction under either test as long as you meet the requirements. Turbo tax amendment You are not bound by the test indicated in the application for extension of time. Turbo tax amendment You must be sure, however, that you file the Form 1040 by the date approved on Form 2350, since a return filed after that date may be subject to a failure to file penalty. Turbo tax amendment If you will not qualify under the bona fide residence test until a date later than the extension granted under the physical presence rule, apply for a new extension to a date 30 days beyond the date you expect to qualify as a bona fide resident. Turbo tax amendment No. Turbo tax amendment You have the choice of one of the following two methods of filing your return: a) You can file your return when due under the regular filing rules, report all your income without excluding your foreign earned income, and pay the tax due. Turbo tax amendment After you have qualified for the exclusion, you can file an amended return, Form 1040X, accompanied by Form 2555 (or 2555-EZ), for a refund of any excess tax paid. Turbo tax amendment b) You can postpone the filing of your tax return by applying on Form 2350 for an extension of time to file to a date 30 days beyond the date you expect to qualify under either the bona fide residence test or the physical presence test, then file your return reflecting the exclusion of foreign earned income. Turbo tax amendment This allows you to file only once and saves you from paying the tax and waiting for a refund. Turbo tax amendment However, interest is charged on any tax due on the postponed tax return, but interest is not paid on refunds paid within 45 days after the return is filed. Turbo tax amendment If you have moving expenses that are for services performed in two years, you can be granted an extension until after the end of the second year. Turbo tax amendment File the late returns as soon as possible, stating your reason for filing late. Turbo tax amendment For advice on filing the returns, you should contact an  Internal Revenue Service representative in one of the four overseas offices listed in chapter 7. Turbo tax amendment It is too late to claim this refund since a claim for refund must be filed within 3 years from the date the return was filed or 2 years from the date the tax was paid, whichever is later. Turbo tax amendment A return filed before the due date is considered filed on the due date. Turbo tax amendment . Turbo tax amendment 9) I have met the test for physical presence in a foreign country and am filing returns for 2 years. Turbo tax amendment Must I file a separate Form 2555 (or Form 2555-EZ) with each return? Yes. Turbo tax amendment A Form 2555 (or Form 2555-EZ) must be filed with each Form 1040 tax return on which the benefits of income earned abroad are claimed. Turbo tax amendment No. Turbo tax amendment The Form 2555 (or 2555-EZ), Schedule C, and Form W-2 are merely attachments and do not relieve you of the requirement to file a Form 1040 to show the sources of income reported and the exclusions or deductions claimed. Turbo tax amendment Yes. Turbo tax amendment You can claim the foreign earned income exclusion and the foreign housing exclusion or deduction under either test as long as you meet the requirements. Turbo tax amendment You are not bound by the test indicated in the application for extension of time. Turbo tax amendment You must be sure, however, that you file the Form 1040 by the date approved on Form 2350, since a return filed after that date may be subject to a failure to file penalty. Turbo tax amendment If you will not qualify under the bona fide residence test until a date later than the extension granted under the physical presence rule, apply for a new extension to a date 30 days beyond the date you expect to qualify as a bona fide resident. Turbo tax amendment No. Turbo tax amendment You have the choice of one of the following two methods of filing your return: a) You can file your return when due under the regular filing rules, report all your income without excluding your foreign earned income, and pay the tax due. Turbo tax amendment After you have qualified for the exclusion, you can file an amended return, Form 1040X, accompanied by Form 2555 (or 2555-EZ), for a refund of any excess tax paid. Turbo tax amendment b) You can postpone the filing of your tax return by applying on Form 2350 for an extension of time to file to a date 30 days beyond the date you expect to qualify under either the bona fide residence test or the physical presence test, then file your return reflecting the exclusion of foreign earned income. Turbo tax amendment This allows you to file only once and saves you from paying the tax and waiting for a refund. Turbo tax amendment However, interest is charged on any tax due on the postponed tax return, but interest is not paid on refunds paid within 45 days after the return is filed. Turbo tax amendment If you have moving expenses that are for services performed in two years, you can be granted an extension until after the end of the second year. Turbo tax amendment File the late returns as soon as possible, stating your reason for filing late. Turbo tax amendment For advice on filing the returns, you should contact an  Internal Revenue Service representative in one of the four overseas offices listed in chapter 7. Turbo tax amendment It is too late to claim this refund since a claim for refund must be filed within 3 years from the date the return was filed or 2 years from the date the tax was paid, whichever is later. Turbo tax amendment A return filed before the due date is considered filed on the due date. Turbo tax amendment . Turbo tax amendment 10) Does a Form 2555 (or 2555-EZ) with a Schedule C or Form W-2 attached constitute a return? No. Turbo tax amendment The Form 2555 (or 2555-EZ), Schedule C, and Form W-2 are merely attachments and do not relieve you of the requirement to file a Form 1040 to show the sources of income reported and the exclusions or deductions claimed. Turbo tax amendment Yes. Turbo tax amendment You can claim the foreign earned income exclusion and the foreign housing exclusion or deduction under either test as long as you meet the requirements. Turbo tax amendment You are not bound by the test indicated in the application for extension of time. Turbo tax amendment You must be sure, however, that you file the Form 1040 by the date approved on Form 2350, since a return filed after that date may be subject to a failure to file penalty. Turbo tax amendment If you will not qualify under the bona fide residence test until a date later than the extension granted under the physical presence rule, apply for a new extension to a date 30 days beyond the date you expect to qualify as a bona fide resident. Turbo tax amendment No. Turbo tax amendment You have the choice of one of the following two methods of filing your return: a) You can file your return when due under the regular filing rules, report all your income without excluding your foreign earned income, and pay the tax due. Turbo tax amendment After you have qualified for the exclusion, you can file an amended return, Form 1040X, accompanied by Form 2555 (or 2555-EZ), for a refund of any excess tax paid. Turbo tax amendment b) You can postpone the filing of your tax return by applying on Form 2350 for an extension of time to file to a date 30 days beyond the date you expect to qualify under either the bona fide residence test or the physical presence test, then file your return reflecting the exclusion of foreign earned income. Turbo tax amendment This allows you to file only once and saves you from paying the tax and waiting for a refund. Turbo tax amendment However, interest is charged on any tax due on the postponed tax return, but interest is not paid on refunds paid within 45 days after the return is filed. Turbo tax amendment If you have moving expenses that are for services performed in two years, you can be granted an extension until after the end of the second year. Turbo tax amendment File the late returns as soon as possible, stating your reason for filing late. Turbo tax amendment For advice on filing the returns, you should contact an  Internal Revenue Service representative in one of the four overseas offices listed in chapter 7. Turbo tax amendment It is too late to claim this refund since a claim for refund must be filed within 3 years from the date the return was filed or 2 years from the date the tax was paid, whichever is later. Turbo tax amendment A return filed before the due date is considered filed on the due date. Turbo tax amendment . Turbo tax amendment 11) On Form 2350, Application for Extension of Time To File U. Turbo tax amendment S. Turbo tax amendment Income Tax Return, I stated that I would qualify for the foreign earned income exclusion under the physical presence test. Turbo tax amendment If I qualify under the bona fide residence test, can I file my return on that basis? Yes. Turbo tax amendment You can claim the foreign earned income exclusion and the foreign housing exclusion or deduction under either test as long as you meet the requirements. Turbo tax amendment You are not bound by the test indicated in the application for extension of time. Turbo tax amendment You must be sure, however, that you file the Form 1040 by the date approved on Form 2350, since a return filed after that date may be subject to a failure to file penalty. Turbo tax amendment If you will not qualify under the bona fide residence test until a date later than the extension granted under the physical presence rule, apply for a new extension to a date 30 days beyond the date you expect to qualify as a bona fide resident. Turbo tax amendment No. Turbo tax amendment You have the choice of one of the following two methods of filing your return: a) You can file your return when due under the regular filing rules, report all your income without excluding your foreign earned income, and pay the tax due. Turbo tax amendment After you have qualified for the exclusion, you can file an amended return, Form 1040X, accompanied by Form 2555 (or 2555-EZ), for a refund of any excess tax paid. Turbo tax amendment b) You can postpone the filing of your tax return by applying on Form 2350 for an extension of time to file to a date 30 days beyond the date you expect to qualify under either the bona fide residence test or the physical presence test, then file your return reflecting the exclusion of foreign earned income. Turbo tax amendment This allows you to file only once and saves you from paying the tax and waiting for a refund. Turbo tax amendment However, interest is charged on any tax due on the postponed tax return, but interest is not paid on refunds paid within 45 days after the return is filed. Turbo tax amendment If you have moving expenses that are for services performed in two years, you can be granted an extension until after the end of the second year. Turbo tax amendment File the late returns as soon as possible, stating your reason for filing late. Turbo tax amendment For advice on filing the returns, you should contact an  Internal Revenue Service representative in one of the four overseas offices listed in chapter 7. Turbo tax amendment It is too late to claim this refund since a claim for refund must be filed within 3 years from the date the return was filed or 2 years from the date the tax was paid, whichever is later. Turbo tax amendment A return filed before the due date is considered filed on the due date. Turbo tax amendment . Turbo tax amendment 12) I am a U. Turbo tax amendment S. Turbo tax amendment citizen who worked in the United States for 6 months last year. Turbo tax amendment I accepted employment overseas in July of last year and expect to qualify for the foreign earned income exclusion. Turbo tax amendment Should I file a return and pay tax on the income earned in the United States during the first 6 months and then, when I qualify, file another return covering the last 6 months of the year? No. Turbo tax amendment You have the choice of one of the following two methods of filing your return: a) You can file your return when due under the regular filing rules, report all your income without excluding your foreign earned income, and pay the tax due. Turbo tax amendment After you have qualified for the exclusion, you can file an amended return, Form 1040X, accompanied by Form 2555 (or 2555-EZ), for a refund of any excess tax paid. Turbo tax amendment b) You can postpone the filing of your tax return by applying on Form 2350 for an extension of time to file to a date 30 days beyond the date you expect to qualify under either the bona fide residence test or the physical presence test, then file your return reflecting the exclusion of foreign earned income. Turbo tax amendment This allows you to file only once and saves you from paying the tax and waiting for a refund. Turbo tax amendment However, interest is charged on any tax due on the postponed tax return, but interest is not paid on refunds paid within 45 days after the return is filed. Turbo tax amendment If you have moving expenses that are for services performed in two years, you can be granted an extension until after the end of the second year. Turbo tax amendment File the late returns as soon as possible, stating your reason for filing late. Turbo tax amendment For advice on filing the returns, you should contact an  Internal Revenue Service representative in one of the four overseas offices listed in chapter 7. Turbo tax amendment It is too late to claim this refund since a claim for refund must be filed within 3 years from the date the return was filed or 2 years from the date the tax was paid, whichever is later. Turbo tax amendment A return filed before the due date is considered filed on the due date. Turbo tax amendment . Turbo tax amendment 13) I am a U. Turbo tax amendment S. Turbo tax amendment citizen. Turbo tax amendment I have lived abroad for a number of years and recently realized that I should have been filing U. Turbo tax amendment S. Turbo tax amendment income tax returns. Turbo tax amendment How do I correct this oversight in not having filed returns for these years? File the late returns as soon as possible, stating your reason for filing late. Turbo tax amendment For advice on filing the returns, you should contact an  Internal Revenue Service representative in one of the four overseas offices listed in chapter 7. Turbo tax amendment It is too late to claim this refund since a claim for refund must be filed within 3 years from the date the return was filed or 2 years from the date the tax was paid, whichever is later. Turbo tax amendment A return filed before the due date is considered filed on the due date. Turbo tax amendment . Turbo tax amendment 14) In 2008, I qualified to exclude my foreign earned income, but I did not claim this exclusion on the return I filed in 2009. Turbo tax amendment I paid all outstanding taxes with the return. Turbo tax amendment Can I file a claim for refund now? It is too late to claim this refund since a claim for refund must be filed within 3 years from the date the return was filed or 2 years from the date the tax was paid, whichever is later. Turbo tax amendment A return filed before the due date is considered filed on the due date. Turbo tax amendment 2. Turbo tax amendment Meeting the Requirements of Either the Bona Fide Residence Test or the Physical Presence Test . Turbo tax amendment 1) I recently came to Country X to work for the Orange Tractor Co. Turbo tax amendment and I expect to be here for 5 or 6 years. Turbo tax amendment I understand that upon the completion of 1 full year I will qualify for an exclusion or deduction under the bona fide residence test. Turbo tax amendment Is this correct? . Turbo tax amendment 2) I understand the physical presence test to be simply a matter of being physically present in a foreign country for at least 330 days within 12 consecutive months; but what are the criteria of the bona fide residence test? . Turbo tax amendment 3) To meet the qualification of an uninterrupted period which includes an entire taxable year, do I have to be physically present in a foreign country for the entire year? . Turbo tax amendment 4) I am a U. Turbo tax amendment S. Turbo tax amendment citizen and during 2012 was a bona fide resident of Country X. Turbo tax amendment On January 15, 2013, I was notified that I was to be assigned to Country Y. Turbo tax amendment I was recalled to New York for 90 days orientation and then went to Country Y, where I have been since. Turbo tax amendment Although I was not in Country Y on January 1, I was a bona fide resident of Country X and was in Country Y on December 31, 2013. Turbo tax amendment My family remained in Country X until completion of the orientation period, and my household goods were shipped directly to my new post. Turbo tax amendment Am I a bona fide resident of a foreign country for 2013, or must I wait for the entire year of 2014 to become one? . Turbo tax amendment 5) Due to illness, I returned to the United States before I completed my qualifying period to claim the foreign earned income exclusion. Turbo tax amendment Can I figure the exclusion for the period I resided abroad? . Turbo tax amendment 6) Can a resident alien of the United States qualify for an exclusion or deduction under the bona fide residence test or the physical presence test? . Turbo tax amendment 7) On August 13 of last year I left the United States and arrived in Country Z to work for the Gordon Manufacturing Company. Turbo tax amendment I expected to be able to exclude my foreign earned income under the physical presence test because I planned to be in Country Z for at least 1 year. Turbo tax amendment However, I was reassigned back to the United States and left Country Z on July 1 of this year. Turbo tax amendment Can I exclude any of my foreign earned income? . Turbo tax amendment 1) I recently came to Country X to work for the Orange Tractor Co. Turbo tax amendment and I expect to be here for 5 or 6 years. Turbo tax amendment I understand that upon the completion of 1 full year I will qualify for an exclusion or deduction under the bona fide residence test. Turbo tax amendment Is this correct? Not necessarily. Turbo tax amendment The law provides that to qualify under this test for the foreign earned income exclusion, the foreign housing exclusion, or the foreign housing deduction, a person must be a “bona fide resident of a foreign country or countries for an uninterrupted period which includes an entire taxable year. Turbo tax amendment ” If, like most U. Turbo tax amendment S. Turbo tax amendment citizens, you file your return on a calendar year basis, the taxable year referred to in the law would be from January 1 to December 31 of any particular year. Turbo tax amendment Unless you established residence in Country X on January 1, it would be more than 1 year before you would be a bona fide resident of a foreign country. Turbo tax amendment Once you have completed your qualifying period, however, you are entitled to exclude the income or to claim the housing exclusion or deduction from the date you established bona fide residence. Turbo tax amendment To be a bona fide resident of a foreign country, you must show that you entered a foreign country intending to remain there for an indefinite or prolonged period and, to that end, you are making your home in that country. Turbo tax amendment Consideration is given to the type of quarters occupied, whether your family went with you, the type of visa, the employment agreement, and any other factor pertinent to show whether your stay in the foreign country is indefinite or prolonged. Turbo tax amendment To claim the foreign earned income exclusion or foreign housing exclusion or deduction under this test, the period of foreign residence must include 1 full tax year (usually January 1 – December 31), but once you meet this time requirement, you figure the exclusions and the deduction from the date the residence actually began. Turbo tax amendment No. Turbo tax amendment Uninterrupted refers to the bona fide residence proper and not to the physical presence of the individual. Turbo tax amendment During the period of bona fide residence in a foreign country, even during the first full year, you can leave the country for brief and temporary trips back to the United States or elsewhere for vacation, or even for business. Turbo tax amendment To preserve your status as a bona fide resident of a foreign country, you must have a clear intention of returning from those trips, without unreasonable delay, to your foreign residence. Turbo tax amendment Since you did not break your period of foreign residence, you would continue to be a bona fide resident of a foreign country for 2013. Turbo tax amendment No. Turbo tax amendment You are not entitled to any exclusion of foreign earned income since you did not complete your qualifying period under either the bona fide residence test or physical presence test. Turbo tax amendment If you paid foreign tax on the income earned abroad, you may be able to claim that tax as a deduction or as a credit against your U. Turbo tax amendment S. Turbo tax amendment tax. Turbo tax amendment Resident aliens of the United States can qualify for the foreign earned income exclusion, the foreign housing exclusion, or the foreign housing deduction if they meet the requirements of the physical presence test. Turbo tax amendment Resident aliens who are citizens or nationals of a country with which the United States has an income tax treaty in effect also can qualify under the bona fide residence test. Turbo tax amendment No. Turbo tax amendment You cannot exclude any of the income you earned in Country Z because you were not in a foreign country for at least 330 full days as required under the physical presence test. Turbo tax amendment . Turbo tax amendment 2) I understand the physical presence test to be simply a matter of being physically present in a foreign country for at least 330 days within 12 consecutive months; but what are the criteria of the bona fide residence test? To be a bona fide resident of a foreign country, you must show that you entered a foreign country intending to remain there for an indefinite or prolonged period and, to that end, you are making your home in that country. Turbo tax amendment Consideration is given to the type of quarters occupied, whether your family went with you, the type of visa, the employment agreement, and any other factor pertinent to show whether your stay in the foreign country is indefinite or prolonged. Turbo tax amendment To claim the foreign earned income exclusion or foreign housing exclusion or deduction under this test, the period of foreign residence must include 1 full tax year (usually January 1 – December 31), but once you meet this time requirement, you figure the exclusions and the deduction from the date the residence actually began. Turbo tax amendment No. Turbo tax amendment Uninterrupted refers to the bona fide residence proper and not to the physical presence of the individual. Turbo tax amendment During the period of bona fide residence in a foreign country, even during the first full year, you can leave the country for brief and temporary trips back to the United States or elsewhere for vacation, or even for business. Turbo tax amendment To preserve your status as a bona fide resident of a foreign country, you must have a clear intention of returning from those trips, without unreasonable delay, to your foreign residence. Turbo tax amendment Since you did not break your period of foreign residence, you would continue to be a bona fide resident of a foreign country for 2013. Turbo tax amendment No. Turbo tax amendment You are not entitled to any exclusion of foreign earned income since you did not complete your qualifying period under either the bona fide residence test or physical presence test. Turbo tax amendment If you paid foreign tax on the income earned abroad, you may be able to claim that tax as a deduction or as a credit against your U. Turbo tax amendment S. Turbo tax amendment tax. Turbo tax amendment Resident aliens of the United States can qualify for the foreign earned income exclusion, the foreign housing exclusion, or the foreign housing deduction if they meet the requirements of the physical presence test. Turbo tax amendment Resident aliens who are citizens or nationals of a country with which the United States has an income tax treaty in effect also can qualify under the bona fide residence test. Turbo tax amendment No. Turbo tax amendment You cannot exclude any of the income you earned in Country Z because you were not in a foreign country for at least 330 full days as required under the physical presence test. Turbo tax amendment . Turbo tax amendment 3) To meet the qualification of “an uninterrupted period which includes an entire taxable year,” do I have to be physically present in a foreign country for the entire year? No. Turbo tax amendment Uninterrupted refers to the bona fide residence proper and not to the physical presence of the individual. Turbo tax amendment During the period of bona fide residence in a foreign country, even during the first full year, you can leave the country for brief and temporary trips back to the United States or elsewhere for vacation, or even for business. Turbo tax amendment To preserve your status as a bona fide resident of a foreign country, you must have a clear intention of returning from those trips, without unreasonable delay, to your foreign residence. Turbo tax amendment Since you did not break your period of foreign residence, you would continue to be a bona fide resident of a foreign country for 2013. Turbo tax amendment No. Turbo tax amendment You are not entitled to any exclusion of foreign earned income since you did not complete your qualifying period under either the bona fide residence test or physical presence test. Turbo tax amendment If you paid foreign tax on the income earned abroad, you may be able to claim that tax as a deduction or as a credit against your U. Turbo tax amendment S. Turbo tax amendment tax. Turbo tax amendment Resident aliens of the United States can qualify for the foreign earned income exclusion, the foreign housing exclusion, or the foreign housing deduction if they meet the requirements of the physical presence test. Turbo tax amendment Resident aliens who are citizens or nationals of a country with which the United States has an income tax treaty in effect also can qualify under the bona fide residence test. Turbo tax amendment No. Turbo tax amendment You cannot exclude any of the income you earned in Country Z because you were not in a foreign country for at least 330 full days as required under the physical presence test. Turbo tax amendment . Turbo tax amendment 4) I am a U. Turbo tax amendment S. Turbo tax amendment citizen and during 2012 was a bona fide resident of Country X. Turbo tax amendment On January 15, 2013, I was notified that I was to be assigned to Country Y. Turbo tax amendment I was recalled to New York for 90 days orientation and then went to Country Y, where I have been since. Turbo tax amendment Although I was not in Country Y on January 1, I was a bona fide resident of Country X and was in Country Y on December 31, 2013. Turbo tax amendment My family remained in Country X until completion of the orientation period, and my household goods were shipped directly to my new post. Turbo tax amendment Am I a bona fide resident of a foreign country for 2013, or must I wait for the entire year of 2014 to become one? Since you did not break your period of foreign residence, you would continue to be a bona fide resident of a foreign country for 2013. Turbo tax amendment No. Turbo tax amendment You are not entitled to any exclusion of foreign earned income since you did not complete your qualifying period under either the bona fide residence test or physical presence test. Turbo tax amendment If you paid foreign tax on the income earned abroad, you may be able to claim that tax as a deduction or as a credit against your U. Turbo tax amendment S. Turbo tax amendment tax. Turbo tax amendment Resident aliens of the United States can qualify for the foreign earned income exclusion, the foreign housing exclusion, or the foreign housing deduction if they meet the requirements of the physical presence test. Turbo tax amendment Resident aliens who are citizens or nationals of a country with which the United States has an income tax treaty in effect also can qualify under the bona fide residence test. Turbo tax amendment No. Turbo tax amendment You cannot exclude any of the income you earned in Country Z because you were not in a foreign country for at least 330 full days as required under the physical presence test. Turbo tax amendment . Turbo tax amendment 5) Due to illness, I returned to the United States before I completed my qualifying period to claim the foreign earned income exclusion. Turbo tax amendment Can I figure the exclusion for the period I resided abroad? No. Turbo tax amendment You are not entitled to any exclusion of foreign earned income since you did not complete your qualifying period under either the bona fide residence test or physical presence test. Turbo tax amendment If you paid foreign tax on the income earned abroad, you may be able to claim that tax as a deduction or as a credit against your U. Turbo tax amendment S. Turbo tax amendment tax. Turbo tax amendment Resident aliens of the United States can qualify for the foreign earned income exclusion, the foreign housing exclusion, or the foreign housing deduction if they meet the requirements of the physical presence test. Turbo tax amendment Resident aliens who are citizens or nationals of a country with which the United States has an income tax treaty in effect also can qualify under the bona fide residence test. Turbo tax amendment No. Turbo tax amendment You cannot exclude any of the income you earned in Country Z because you were not in a foreign country for at least 330 full days as required under the physical presence test. Turbo tax amendment . Turbo tax amendment 6) Can a resident alien of the United States qualify for an exclusion or deduction under the bona fide residence test or the physical presence test? Resident aliens of the United States can qualify for the foreign earned income exclusion, the foreign housing exclusion, or the foreign housing deduction if they meet the requirements of the physical presence test. Turbo tax amendment Resident aliens who are citizens or nationals of a country with which the United States has an income tax treaty in effect also can qualify under the bona fide residence test. Turbo tax amendment No. Turbo tax amendment You cannot exclude any of the income you earned in Country Z because you were not in a foreign country for at least 330 full days as required under the physical presence test. Turbo tax amendment . Turbo tax amendment 7) On August 13 of last year I left the United States and arrived in Country Z to work for the Gordon Manufacturing Company. Turbo tax amendment I expected to be able to exclude my foreign earned income under the physical presence test because I planned to be in Country Z for at least 1 year. Turbo tax amendment However, I was reassigned back to the United States and left Country Z on July 1 of this year. Turbo tax amendment Can I exclude any of my foreign earned income? No. Turbo tax amendment You cannot exclude any of the income you earned in Country Z because you were not in a foreign country for at least 330 full days as required under the physical presence test. Turbo tax amendment 3. Turbo tax amendment Foreign Earned Income . Turbo tax amendment 1) I am an employee of the U. Turbo tax amendment S. Turbo tax amendment Government working abroad. Turbo tax amendment Can all or part of my government income earned abroad qualify for the foreign earned income exclusion? . Turbo tax amendment 2) I qualify for the foreign earned income exclusion under the bona fide residence test. Turbo tax amendment Does my foreign earned income include my U. Turbo tax amendment S. Turbo tax amendment dividends and the interest I receive on a foreign bank account? . Turbo tax amendment 3) My company pays my foreign income tax on my foreign earnings. Turbo tax amendment Is this taxable compensation? . Turbo tax amendment 4) I live in an apartment in a foreign city for which my employer pays the rent. Turbo tax amendment Should I include in my income the cost to my employer ($1,200 a month) or the fair market value of equivalent housing in the United States ($800 a month)? . Turbo tax amendment 5) My U. Turbo tax amendment S. Turbo tax amendment employer pays my salary into my U. Turbo tax amendment S. Turbo tax amendment bank account. Turbo tax amendment Is this income considered earned in the United States or is it considered foreign earned income? . Turbo tax amendment 6) What is considered a foreign country? . Turbo tax amendment 7) What is the source of earned income? . Turbo tax amendment 1) I am an employee of the U. Turbo tax amendment S. Turbo tax amendment Government working abroad. Turbo tax amendment Can all or part of my government income earned abroad qualify for the foreign earned income exclusion? No. Turbo tax amendment The foreign earned income exclusion applies to your foreign earned income. Turbo tax amendment Amounts paid by the United States or its agencies to their employees are not treated, for this purpose, as foreign earned income. Turbo tax amendment No. Turbo tax amendment The only income that is foreign earned income is income from the performance of personal services abroad. Turbo tax amendment Investment income is not earned income. Turbo tax amendment However, you must include it in gross income reported on your Form 1040. Turbo tax amendment Yes. Turbo tax amendment The amount is compensation for services performed. Turbo tax amendment The tax paid by your company should be reported on Form 1040, line 7, and on Form 2555, Part IV, line 22(f) (or on Form 2555-EZ, Part IV, line 17). Turbo tax amendment You must include in income the fair market value (FMV) of the facility provided, where it is provided. Turbo tax amendment This will usually be the rent your employer pays. Turbo tax amendment Situations when the FMV is not included in income are discussed in chapter 4 under Exclusion of Meals and Lodging. Turbo tax amendment If you performed the services to earn this salary outside the United States, your salary is considered earned abroad. Turbo tax amendment It does not matter that you are paid by a U. Turbo tax amendment S. Turbo tax amendment employer or that your salary is deposited in a U. Turbo tax amendment S. Turbo tax amendment bank account in the United States. Turbo tax amendment The source of salary, wages, commissions, and other personal service income is the place where you perform the services. Turbo tax amendment For the purposes of the foreign earned income exclusion and the foreign housing exclusion or deduction, any territory under the sovereignty of a countr
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The Turbo Tax Amendment

Turbo tax amendment 14. Turbo tax amendment   Venta de Bienes Table of Contents Recordatorio Introduction Useful Items - You may want to see: Ventas y CanjesQué es una Venta o Canje Cómo Calcular Pérdidas o Ganancias Canjes no Sujetos a Impuestos Traspasos entre Cónyuges Transacciones entre Partes Vinculadas Pérdidas y Ganancias de CapitalPérdidas o Ganancias Ordinarias o de Capital Bienes de Capital y Bienes que no Son de Capital Período de Tenencia Deudas Incobrables no Empresariales Ventas Ficticias Reinversiones de Ganancia de Valores Cotizados en Bolsa Recordatorio Ingresos del extranjero. Turbo tax amendment  Si es ciudadano de los EE. Turbo tax amendment UU. Turbo tax amendment y vende propiedad ubicada fuera de los Estados Unidos, tiene que declarar todas las ganancias y pérdidas provenientes de la venta de dicha propiedad en su declaración de impuestos, a menos que esté exenta conforme a las leyes de los Estados Unidos. Turbo tax amendment Este es el caso independientemente de si vive en o fuera de los Estados Unidos e independientemente de si recibe o no un Formulario 1099 del pagador. Turbo tax amendment Introduction Este capítulo trata sobre las consecuencias tributarias de vender o canjear bienes de inversión. Turbo tax amendment Entre los temas que se explican, se encuentran: Qué es una venta o canje. Turbo tax amendment Cómo calcular una ganancia o pérdida. Turbo tax amendment Canjes no sujetos a impuestos. Turbo tax amendment Transacciones entre partes vinculadas. Turbo tax amendment Pérdidas o ganancias de capital. Turbo tax amendment Bienes de capital y bienes que no son de capital. Turbo tax amendment Período de tenencia. Turbo tax amendment Reinversión de la ganancia proveniente de la venta de valores cotizados en bolsa. Turbo tax amendment Otras transacciones de bienes. Turbo tax amendment   Algunos traspasos de bienes no se tratan aquí. Turbo tax amendment Éstos se explican en otras publicaciones del IRS. Turbo tax amendment Dichas transacciones incluyen: La venta de una vivienda principal, que se explica en el capítulo 15. Turbo tax amendment Las ventas a plazos, las cuales se explican en la Publicación 537, Installment Sales (Ventas a plazo), en inglés. Turbo tax amendment Las transacciones que incluyen propiedades comerciales, las cuales se explican en la Publicación 544, Sales and Other Dispositions of Assets (Ventas y otras enajenaciones de bienes), en inglés. Turbo tax amendment Las enajenaciones de una participación en una actividad pasiva, las cuales se explican en la Publicación 925, Passive Activity and At-Risk Rules (Actividad pasiva y las reglas sobre el monto de riesgo), en inglés. Turbo tax amendment    La Publicación 550, Investment Income and Expenses (Including Capital Gains and Losses) (Ingresos y gastos de inversión (incluidas ganancias y pérdidas de capital)), en inglés, provee información más detallada acerca de las ventas y canjes de bienes de inversión. Turbo tax amendment La Publicación 550 incluye información acerca de las reglas sobre deudas incobrables no empresariales, combinación de contratos de opción de compra y venta, contratos conforme a la sección 1256, contratos de opción de compra y venta, futuros de productos básicos, ventas en descubierto y ventas ficticias. Turbo tax amendment También trata sobre los gastos relacionados con las inversiones. Turbo tax amendment Useful Items - You may want to see: Publicación 550 Investment Income and Expenses (Ingresos y gastos de inversiones), en inglés Formulario (e Instrucciones) Anexo D (Formulario 1040) Capital Gains and Losses (Ganancias y pérdidas de capital), en inglés 8949 Sales and Other Dispositions of Capital Assets (Ventas y otras enajenaciones de activos de capital), en inglés 8824 Like-Kind Exchanges (Intercambios de bienes del mismo tipo), en inglés Ventas y Canjes Si durante el año vendió bienes como acciones, bonos o ciertos productos básicos a través de un agente corredor bursátil, por cada venta, éste debería entregarle el Formulario 1099-B, Proceeds From Broker and Barter Exchange Transactions (Ganancias de transacciones de agentes de bolsa y trueque), en inglés, o un documento sustitutivo. Turbo tax amendment Por lo general, debería recibir el documento a más tardar el 15 de febrero del año siguiente. Turbo tax amendment Este documento mostrará las ganancias brutas de la venta. Turbo tax amendment Si usted vendió un valor bursátil amparado en el año 2013, la base de éste se indicará en su Formulario 1099-B (o documento sustitutivo). Turbo tax amendment Por lo general, un valor bursátil amparado es un valor bursátil que usted adquirió después de 2010 con ciertas excepciones. Turbo tax amendment Vea las Instrucciones para el Formulario 8949, en inglés. Turbo tax amendment El corredor le entregará al IRS una copia del Formulario 1099-B. Turbo tax amendment Use el Formulario 1099-B (o documento sustitutivo que le haya entregado el agente) para completar el Formulario 8949. Turbo tax amendment Qué es una Venta o Canje En esta sección se explica qué es una venta o canje. Turbo tax amendment También se explican ciertas transacciones y ciertos acontecimientos que se tratan como ventas o canjes. Turbo tax amendment Normalmente, una “venta” es el traspaso de bienes por dinero o hipoteca, pagaré u otra promesa de pago. Turbo tax amendment Un “canje” es el traspaso de bienes por otros bienes o servicios y se pueden imponer impuestos del mismo modo que una venta. Turbo tax amendment Compra y venta. Turbo tax amendment   Normalmente, una transacción no es un canje cuando vende voluntariamente bienes a cambio de efectivo e inmediatamente compra bienes similares para reponerlos. Turbo tax amendment La venta y compra son dos transacciones separadas. Turbo tax amendment No obstante, consulte Intercambios de bienes del mismo tipo bajo Canjes no Sujetos a Impuestos, más adelante. Turbo tax amendment Redención de acciones. Turbo tax amendment   Una redención de acciones se considera una venta o canje y está sujeta a las disposiciones de pérdidas o ganancias de capital a menos que la misma sea un dividendo u otra distribución de acciones. Turbo tax amendment Dividendo versus venta o canje. Turbo tax amendment   Una redención se trata como venta, canje, dividendo u otra distribución dependiendo de las circunstancias de cada caso. Turbo tax amendment Se tendrá en cuenta tanto la titularidad directa como la titularidad indirecta de la cartera de acciones. Turbo tax amendment La redención se considera una venta o canje de acciones si: La redención no es esencialmente equivalente a un dividendo (consulte el capítulo 8); Existe una redención de acciones muy desproporcionada; Existe una redención total de todas las acciones de la sociedad anónima que posee el accionista o Esta redención es una distribución en la liquidación parcial de una sociedad anónima. Turbo tax amendment Redención o cancelación de bonos. Turbo tax amendment   Normalmente, una redención o cancelación de bonos o pagarés al vencimiento se considera venta o canje. Turbo tax amendment   Además, una modificación significativa de un bono se trata como un canje del bono original por uno nuevo. Turbo tax amendment Para más información, vea la sección 1. Turbo tax amendment 1001-3 del Reglamento. Turbo tax amendment Rescate de acciones. Turbo tax amendment   El rescate de acciones efectuado por un accionista predominante que retiene la titularidad de más de la mitad de las acciones con derecho de voto pertenecientes a la sociedad anónima se considera una aportación al capital y no una pérdida inmediata deducible del ingreso sujeto a impuestos. Turbo tax amendment El accionista rescatante tiene que reasignar su base de las acciones rescatadas a las acciones que retuvo. Turbo tax amendment Valores bursátiles sin valor. Turbo tax amendment    Todas las acciones, los derechos de suscripción y bonos (que no sean aquéllos para la venta por un agente de valores) que perdieron por completo su valor durante el año tributario se considerarán vendidos el último día del año tributario. Turbo tax amendment Esto es aplicable si su pérdida de capital es de largo o corto plazo. Turbo tax amendment Consulte Período de Tenencia , más adelante. Turbo tax amendment   Los valores bursátiles sin valor incluyen también aquéllos abandonados después del 12 de marzo de 2008. Turbo tax amendment Para abandonar valores, tiene que renunciar permanentemente a todo derecho a los mismos sin recibir compensación alguna a cambio de éstos. Turbo tax amendment Todos los hechos y circunstancias determinan si la transacción se caracteriza correctamente como abandono u otro tipo de transacción, como una venta o intercambio, aportación al capital, dividendo o regalo. Turbo tax amendment    Si es contribuyente que usa el método de efectivo y realiza los pagos con un pagaré negociable que emitió para acciones que luego perdieron su valor, puede deducir estos pagos como pérdidas en los años en que realmente hizo los pagos. Turbo tax amendment No los deduzca en el año en que las acciones perdieron su valor. Turbo tax amendment Cómo declarar pérdidas. Turbo tax amendment    Declare los valores bursátiles sin valor en la Parte I o en la Parte II del Formulario 8949, según corresponda. Turbo tax amendment En la columna (a), anote “Worthless” (Sin valor). Turbo tax amendment Declare las transacciones de valores bursátiles sin valor en el Formulario 8949. Turbo tax amendment Marque el recuadro apropiado que corresponda a la clase de transacción. Turbo tax amendment Vea el Formulario 8949 y las Instrucciones para el Formulario 8949, en inglés. Turbo tax amendment Si desea obtener más información sobre el Formulario 8949 y el Anexo D (Formulario 1040), Capital Gains and Losses (Ganancias y pérdidas de capital), vea Cómo Declarar Ganancias y Pérdidas de Capital en el capítulo 16. Turbo tax amendment Además, vea el Anexo D (Formulario 1040), el Formulario 8949 y sus instrucciones por separado, en inglés. Turbo tax amendment Cómo reclamar un reembolso. Turbo tax amendment   Si no reclama una pérdida de valores bursátiles sin valor en la declaración original del año en que perdieron su valor, puede reclamar un crédito o reembolso por pérdidas. Turbo tax amendment Tiene que usar el Formulario 1040X, Amended U. Turbo tax amendment S. Turbo tax amendment Individual Income Tax Return (Declaración enmendada del impuesto federal estadounidense sobre los ingresos personales), en inglés, para enmendar la declaración del año en que sus valores perdieron valor. Turbo tax amendment Tiene que presentar la declaración dentro de los 7 años a partir de la fecha en la que tenía que presentar su declaración original para ese año, o bien dentro de un plazo de 2 años a partir de la fecha en que pagó el impuesto, lo que suceda más tarde. Turbo tax amendment Para obtener más información acerca de cómo presentar una reclamación, consulte Declaraciones Enmendadas y Reclamaciones de Reembolso en el capítulo 1. Turbo tax amendment Cómo Calcular Pérdidas o Ganancias Calcule las pérdidas o ganancias en una venta o canje de bienes comparando la cantidad recibida con la base ajustada de los bienes. Turbo tax amendment Ganancia. Turbo tax amendment   Si la cantidad que recibe de una venta o canje es mayor que la base ajustada de los bienes que traspasa, la diferencia es una ganancia. Turbo tax amendment Pérdida. Turbo tax amendment   Si la base ajustada de los bienes que traspasa es mayor que la cantidad que recibe, la diferencia es una pérdida. Turbo tax amendment Base ajustada. Turbo tax amendment   La base ajustada de los bienes es su costo original u otra base original ajustada correctamente (aumentada o disminuida) para ciertos conceptos. Turbo tax amendment Consulte el capítulo 13 para obtener más información acerca de cómo determinar la base ajustada de bienes. Turbo tax amendment Cantidad recibida. Turbo tax amendment   La cantidad que recibe de la venta o canje de bienes es todo lo que recibe por dichos bienes menos los gastos relacionados con la venta (cargos por redención, comisiones de ventas, gastos de ventas o exit fees (gastos por rescate anticipado de una inversión colocada en un fondo)). Turbo tax amendment La cantidad recibida incluye el dinero que recibe, más el valor justo de mercado de los bienes o servicios que recibe. Turbo tax amendment Si recibe un pagaré u otro instrumento de deuda por dichos bienes, para calcular la cantidad recibida, consulte How To Figure Gain or Loss (Cómo calcular las pérdidas o ganancias) en el capítulo 4 de la Publicación 550, en inglés. Turbo tax amendment Si financia la compra que hace el comprador de sus bienes (los de usted) y el instrumento de deuda no abarca los suficientes intereses establecidos, los intereses no establecidos que tiene que declarar como ingreso ordinario disminuirán la cantidad recibida de la venta. Turbo tax amendment Consulte la Publicación 537, en inglés, para obtener más información. Turbo tax amendment Valor justo de mercado. Turbo tax amendment   El valor justo de mercado es el precio que tienen los bienes al cambiar de dueño entre un comprador y un vendedor, sin que ninguno sea forzado a comprar o vender y teniendo ambos conocimiento razonable de todo hecho pertinente. Turbo tax amendment Ejemplo. Turbo tax amendment Usted canjea acciones de la Compañía A con una base ajustada de $7,000 por acciones de la Compañía B con un valor justo de mercado de $10,000, que es la cantidad que recibe. Turbo tax amendment Su ganancia es $3,000 ($10,000 − $7,000). Turbo tax amendment Deuda pagada por completo. Turbo tax amendment    Una deuda sobre los bienes, o en contra de usted, que se haya pagado por completo como parte de la transacción o que el comprador asuma, se tiene que incluir en la cantidad recibida. Turbo tax amendment Esto es aplicable aun si ni usted ni el comprador son personalmente responsables de la deuda. Turbo tax amendment Por ejemplo, si vende o canjea bienes que estén sujetos a un préstamo sin recurso, la cantidad que reciba generalmente incluye la cantidad total del pagaré asumido por el comprador, aun si la cantidad del pagaré es mayor que el valor justo de mercado de los bienes. Turbo tax amendment Ejemplo. Turbo tax amendment Usted vende acciones que ha dado en garantía para un préstamo bancario de $8,000. Turbo tax amendment Su base en las acciones es $6,000. Turbo tax amendment El comprador paga la totalidad de su préstamo bancario y le paga a usted $20,000 en efectivo. Turbo tax amendment La cantidad recibida es $28,000 ($20,000 + $8,000). Turbo tax amendment Su ganancia es $22,000 ($28,000 − $6,000). Turbo tax amendment Pago de efectivo. Turbo tax amendment   Si canjea bienes y efectivo por otros bienes, la cantidad que reciba es el valor justo de mercado de los bienes que reciba. Turbo tax amendment Determine sus pérdidas o ganancias restando el efectivo que pague más la base ajustada de los bienes que intercambie de la cantidad que reciba. Turbo tax amendment Si el resultado es un número positivo, es una ganancia. Turbo tax amendment Si el resultado es un número negativo, es una pérdida. Turbo tax amendment Sin pérdidas ni ganancias. Turbo tax amendment   Tal vez tenga que usar una base para calcular las ganancias distinta a la base para calcular las pérdidas. Turbo tax amendment En este caso, puede que no tenga ni ganancias ni pérdidas. Turbo tax amendment Consulte Base Distinta al Costo en el capítulo 13. Turbo tax amendment Canjes no Sujetos a Impuestos Esta sección trata sobre los canjes que no suelen generar una ganancia sujeta a impuestos o pérdida deducible. Turbo tax amendment Para obtener más información acerca de los canjes no sujetos a impuestos, consulte el capítulo 1 de la Publicación 544, en inglés. Turbo tax amendment Intercambio de bienes del mismo tipo. Turbo tax amendment   Si canjea bienes comerciales o de inversión por otros bienes comerciales o de inversión de un mismo tipo, no paga impuestos sobre las ganancias ni deduce pérdidas hasta que venda o enajene el bien que reciba. Turbo tax amendment Para estar exento de impuestos, el canje tiene que satisfacer las seis condiciones siguientes: Los bienes tienen que ser comerciales o de inversión. Turbo tax amendment Tiene que ser dueño de los bienes que canjea y los que recibe para fines de uso productivo en su ocupación o negocio o para inversión. Turbo tax amendment Ninguno de los bienes se puede usar para propósitos personales, como por ejemplo su vivienda o automóvil familiar. Turbo tax amendment Los bienes no pueden ser principalmente para la venta. Turbo tax amendment Los bienes que canjee y los que reciba no pueden ser bienes que venda a clientes, como mercancías. Turbo tax amendment Los bienes no pueden ser acciones, bonos, pagarés, derechos de acción, certificados de fideicomiso o derecho de usufructo ni otros valores o evidencia de deudas o intereses, incluidas las participaciones en sociedades colectivas. Turbo tax amendment Sin embargo, vea Special rules for mutual ditch, reservoir, or irrigation company stock (Reglas especiales para acciones de compañías de zanjas de uso compartido, embalses o represas o de riego) en el capítulo 4 de la Publicación 550 para ver una excepción. Turbo tax amendment Además, puede tener un canje no sujeto a impuestos de acciones de sociedades anónimas conforme a una regla distinta, como se describe más adelante. Turbo tax amendment Tiene que canjear bienes del mismo tipo. Turbo tax amendment El canje de bienes raíces por bienes raíces, o de bienes muebles por bienes muebles similares, es un canje de bienes del mismo tipo. Turbo tax amendment El canje de un edificio de apartamentos habitacional por un edificio de tienda o de un furgón por una camioneta es un canje de bienes del mismo tipo. Turbo tax amendment El canje de maquinaria por un edificio de tienda no es un canje de bienes del mismo tipo. Turbo tax amendment Los bienes raíces ubicados dentro de los Estados Unidos y aquéllos ubicados fuera de los Estados Unidos no son bienes del mismo tipo. Turbo tax amendment Asimismo, los bienes muebles utilizados predominantemente dentro de los Estados Unidos y los bienes muebles utilizados predominantemente fuera de los Estados Unidos no son bienes del mismo tipo. Turbo tax amendment Los bienes que se reciben tienen que identificarse por escrito dentro de los 45 días después de la fecha en que haya traspasado los bienes entregados en el canje. Turbo tax amendment Los bienes que se reciben tienen que recibirse a más tardar para una de las fechas siguientes, la que suceda antes: El día número 180 después de la fecha en que usted traspasó los bienes entregados en el canje o La fecha de vencimiento, incluidas las prórrogas, de su declaración de impuestos del año en que se produzca el traspaso de los bienes entregados en el canje. Turbo tax amendment   Puede aplicar una regla especial si canjea bienes con una parte vinculada en un intercambio de bienes del mismo tipo. Turbo tax amendment Consulte Transacciones entre Partes Vinculadas , más adelante en este capítulo. Turbo tax amendment Además, consulte el capítulo 1 de la Publicación 544, en inglés, para obtener más información acerca de los intercambios de bienes comerciales y de reglas especiales para intercambios con intermediarios calificados o de varios bienes. Turbo tax amendment Intercambio parcialmente no sujeto a impuestos. Turbo tax amendment   Si recibe dinero o bienes que no son del mismo tipo además de bienes del mismo tipo, y se cumplen las seis condiciones anteriores, significa que tiene un canje parcialmente no sujeto a impuestos. Turbo tax amendment Se gravan impuestos sobre las ganancias que obtenga, pero sólo hasta la cantidad de dinero y el valor justo de mercado de los bienes que reciba que no sean del mismo tipo. Turbo tax amendment No puede deducir una pérdida. Turbo tax amendment Traspaso de bienes del mismo tipo y de bienes que no son del mismo tipo. Turbo tax amendment   Si entrega bienes que no son del mismo tipo además de bienes del mismo tipo, tiene que reconocer pérdidas o ganancias en aquéllos que entregue que no sean del mismo tipo. Turbo tax amendment Las pérdidas o ganancias son la diferencia entre la base ajustada de los bienes que no son del mismo tipo y su valor justo de mercado. Turbo tax amendment Bienes del mismo tipo y dinero traspasados. Turbo tax amendment   Si se satisfacen todas las condiciones (1) a (6) que aparecen enumeradas anteriormente, tiene un canje no sujeto a impuestos aun si paga dinero además de los bienes del mismo tipo. Turbo tax amendment Base de bienes recibidos. Turbo tax amendment   Para calcular la base de los bienes recibidos, consulte Intercambios no Tributables en el capítulo 13. Turbo tax amendment Cómo declarar el canje. Turbo tax amendment   Tiene que declarar el canje de bienes del mismo tipo en el Formulario 8824, Like-Kind Exchanges (Intercambio de bienes del mismo tipo) en inglés. Turbo tax amendment Si calcula pérdidas o ganancias reconocidas en el Formulario 8824, declárelas en el Anexo D (Formulario 1040) o en el Formulario 4797, Sales of Business Property (Ventas de bienes comerciales), en inglés, según corresponda. Turbo tax amendment Vea las instrucciones para la línea 22 en las Instrucciones para el Formulario 8824, disponibles en inglés. Turbo tax amendment   Para obtener más información acerca del uso del Formulario 4797, consulte el capítulo 4 de la Publicación 544, en inglés. Turbo tax amendment Acciones de sociedades anónimas. Turbo tax amendment   Los siguientes canjes de acciones de sociedades anónimas generalmente no resultan en una ganancia sujeta a impuestos o pérdida deducible. Turbo tax amendment Reorganizaciones de sociedades anónimas. Turbo tax amendment   En algunos casos, una compañía le entregará acciones ordinarias a cambio de acciones preferentes, acciones preferentes a cambio de acciones ordinarias, o bien acciones de una sociedad anónima a cambio de acciones de otra. Turbo tax amendment Si esto es resultado de una fusión, recapitalización, traspaso a una sociedad anónima controlada, bancarrota (quiebra), división de sociedades anónimas, adquisición de sociedades anónimas u otra reorganización de sociedades anónimas, usted no reconoce pérdidas ni ganancias. Turbo tax amendment Acciones por acciones de la misma sociedad anónima. Turbo tax amendment   Puede intercambiar acciones ordinarias por acciones ordinarias o acciones preferentes por acciones preferentes de la misma sociedad anónima sin tener pérdidas ni ganancias reconocidas. Turbo tax amendment Esto es aplicable en un canje entre dos accionistas y también en un canje entre un accionista y la sociedad anónima. Turbo tax amendment Acciones y bonos convertibles. Turbo tax amendment   Normalmente, no tendrá pérdidas ni ganancias reconocidas si convierte bonos en acciones o acciones preferentes en acciones ordinarias de la misma sociedad anónima, según un privilegio de conversión en los términos del bono o del certificado de las acciones preferentes. Turbo tax amendment Bienes por acciones de una sociedad anónima controlada. Turbo tax amendment   Si traspasa bienes a una sociedad anónima únicamente a cambio de acciones de esa sociedad anónima, e inmediatamente después del canje usted se queda con el control de la sociedad anónima, normalmente no reconocerá pérdidas ni ganancias. Turbo tax amendment Esta regla se aplica a personas físicas y a grupos que traspasan bienes a una sociedad anónima. Turbo tax amendment No es aplicable si la sociedad anónima es una sociedad inversionista. Turbo tax amendment   Para estos efectos y para estar en control de una sociedad anónima, usted o su grupo de cesionistas tiene que poseer, inmediatamente después del intercambio, por lo menos el 80% del poder total combinado de votos de todas las clases de acciones con derecho a voto y por lo menos el 80% de las acciones en circulación de cada clase de acción sin derecho a voto de la sociedad anónima. Turbo tax amendment   Si esta disposición es aplicable en su caso, puede tener que tenga que adjuntar a la declaración de impuestos una declaración completa de todo hecho pertinente al intercambio. Turbo tax amendment Para más detalles, vea la sección 1. Turbo tax amendment 351-3 del Reglamento. Turbo tax amendment Información adicional. Turbo tax amendment   Para obtener más información acerca de los canjes de acciones, consulte Nontaxable Trades (Canjes no sujetos a impuestos) en el capítulo 4 de la Publicación 550, en inglés. Turbo tax amendment Pólizas de seguros y anualidades. Turbo tax amendment   No tendrá ganancias ni pérdidas reconocidas si el asegurado o pensionista es el mismo en ambos contratos y usted intercambia: Un contrato de seguro de vida por otro contrato de seguro de vida o por un contrato dotal o de anualidad, o por un contrato de cuidados a largo plazo calificado; Un contrato dotal por otro contrato dotal que estipule pagos regulares, a partir de una fecha no posterior a la fecha de inicio conforme al contrato antiguo o por un contrato de anualidad o por un contrato de cuidados a largo plazo calificado; Un contrato de anualidad por otro contrato de anualidad o por un contrato de cuidados a largo plazo calificado o Un contrato de cuidados a largo plazo calificado por un contrato de cuidados a largo plazo calificado. Turbo tax amendment   Puede que tampoco tenga que reconocer pérdidas ni ganancias en un intercambio de parte de un contrato de anualidad por otro contrato de anualidad. Turbo tax amendment Para información sobre traspasos completados antes del 24 de octubre de 2011, consulte la Revenue Ruling 2003-76 (Resolución Administrativa Tributaria 2003-76 en el Internal Revenue Bulletin 2003-33 (Boletín de Impuestos Internos 2003-33), en inglés, y la Revenue Procedure 2008-24 (Procedimiento Tributario 2008-24) en el Internal Revenue Bulletin 2008-13 (Boletín de Impuestos Internos 2008-13). Turbo tax amendment La Resolución Administrativa Tributaria 2003-76 está disponible en www. Turbo tax amendment irs. Turbo tax amendment gov/irb/2003-33_IRB/ar11. Turbo tax amendment html. Turbo tax amendment El Procedimiento Tributario 2008-24 está disponible en www. Turbo tax amendment irs. Turbo tax amendment gov/irb/2008-3_IRB/ar13. Turbo tax amendment html. Turbo tax amendment Para información sobre traspasos completados el 24 de octubre de 2011 o después, consulte la Resolución Administrativa Tributaria 2003-76, indicada anteriormente, y el Revenue Procedure 2011-38 (Procedimiento Tributario 2011-38) en el Internal Revenue Bulletin 2011-30 (Boletín de Impuestos Internos 2011-30), en inglés. Turbo tax amendment El Procedimiento Tributario 2011-38 está disponible en www. Turbo tax amendment irs. Turbo tax amendment gov/irb/2011-30_IRB/ar09. Turbo tax amendment html. Turbo tax amendment   Para años tributarios que empiezan después del 31 de diciembre de 2010, las cantidades recibidas como una anualidad por un período de 10 años o más o por la vida de una o más personas físicas, conforme a cualquier parte de un contrato de anualidad, contrato dotal o de seguro de vida, son tratadas como un contrato por separado y se consideran anualidades parciales. Turbo tax amendment Puede empezar a recibir los pagos correspondientes a una parte de una anualidad, contrato dotal o contrato de seguro de vida (anualización), provisto que el período de su distribución sea por 10 años o más, o por la vida de una o más personas físicas. Turbo tax amendment La inversión en el contrato es asignada entre la parte del contrato cuyas cantidades se reciban como una anualidad y la parte del contrato cuyas cantidades no se reciban como una anualidad. Turbo tax amendment   Los intercambios de contratos no incluidos en esta lista, como por ejemplo un contrato de anualidad por un contrato de seguro dotal, o bien un contrato de seguro dotal o anualidad por un contrato de seguro de vida, están sujetos a impuestos. Turbo tax amendment Desmutualización de compañías de seguros de vida. Turbo tax amendment   Si recibió acciones a cambio de su participación en el patrimonio neto como titular de póliza o pensionista, normalmente no tendrá pérdidas ni ganancias reconocidas. Turbo tax amendment Consulte Demutualization of Life Insurance Companies (Desmutualización de compañías de seguros de vida) en la Publicación 550, en inglés. Turbo tax amendment Pagarés o bonos del Tesoro de los Estados Unidos. Turbo tax amendment   Puede canjear ciertas emisiones de obligación del Tesoro de los Estados Unidos por otras emisiones designadas por el Secretario del Tesoro, sin pérdidas ni ganancias reconocidas en el canje. Turbo tax amendment Vea información adicional sobre este tema en el tema titulado Savings bonds traded (Cambio de los bonos de ahorro), en el capítulo 1 de la Publicación 550, en inglés. Turbo tax amendment Traspasos entre Cónyuges En general, no se reconocen las pérdidas ni las ganancias en un traspaso de bienes de una persona física a (o en fideicomiso para el beneficio de) un cónyuge, o en caso de divorcio, a un ex cónyuge. Turbo tax amendment Esta regla de no reconocimiento no es aplicable en las siguientes situaciones: El cónyuge o ex cónyuge beneficiario es extranjero no residente. Turbo tax amendment Se traspasan bienes en fideicomiso y la obligación excede de la base. Turbo tax amendment Las ganancias tienen que ser reconocidas en la medida en que la cantidad de las obligaciones asumidas por el fideicomiso, más las demás obligaciones sobre los bienes, sean mayores que la base ajustada de los mismos. Turbo tax amendment Para otras situaciones, vea el tema titulado Transfers Between Spouses (Traspasos entre cónyuges), en el capítulo 4 de la Publicación 550, en inglés. Turbo tax amendment El beneficiario trata todo traspaso de bienes a un cónyuge o ex cónyuge, sobre el cual no se reconocen pérdidas ni ganancias, como un regalo y no se considera venta ni intercambio. Turbo tax amendment La base del beneficiario en los bienes será la misma que la base ajustada del donante inmediatamente antes del traspaso. Turbo tax amendment Esta regla de traslado de la base se aplica independientemente de si la base ajustada de bienes traspasados es menor que, igual a, o mayor que el valor justo de mercado al momento del traspaso o menor que, igual a, o mayor que toda compensación pagada por el beneficiario. Turbo tax amendment Esta regla es aplicable en la determinación de ganancias y pérdidas. Turbo tax amendment Una ganancia reconocida sobre un traspaso de fideicomiso aumenta la base. Turbo tax amendment Un traspaso de bienes está relacionado con un divorcio si el traspaso sucede dentro de 1 año después de la fecha en la que termina el matrimonio o si se relaciona con la terminación del matrimonio. Turbo tax amendment Transacciones entre Partes Vinculadas Hay reglas especiales que son aplicables a la venta o canje de bienes entre partes vinculadas. Turbo tax amendment Ganancias sobre ventas o canje de bienes depreciables. Turbo tax amendment   Su ganancia de la venta o canje de bienes a una parte vinculada puede ser ingreso ordinario, y no ganancia de capital, si la parte que recibe los bienes puede depreciarlos. Turbo tax amendment Para obtener más información, consulte el capítulo 3 de la Publicación 544, en inglés. Turbo tax amendment Intercambio de bienes del mismo tipo. Turbo tax amendment   Normalmente, si canjea bienes comerciales o de inversión por otros bienes comerciales o de inversión del mismo tipo, no se reconocen pérdidas ni ganancias. Turbo tax amendment Consulte Intercambios de bienes del mismo tipo , anteriormente, bajo Canjes no Sujetos a Impuestos. Turbo tax amendment   Esta regla también es aplicable a los canjes de bienes entre partes vinculadas, lo que se define a continuación en Pérdidas sobre ventas o canjes de bienes . Turbo tax amendment Sin embargo, si usted o la parte vinculada enajena los bienes del mismo tipo dentro de los 2 años después del canje, ambos tienen que declarar pérdidas o ganancias no reconocidas en el canje original en la declaración presentada para el año en que se produzca la última enajenación. Turbo tax amendment Las excepciones a esta regla se hallan en el tema titulado Related Party Transactions (Transacciones entre partes vinculadas), en el capítulo 4 de la Publicación 550, en inglés. Turbo tax amendment Pérdidas sobre ventas o canjes de bienes. Turbo tax amendment   No puede deducir una pérdida sobre la venta o canje de bienes, salvo una distribución de la liquidación completa de una sociedad anónima, si la transacción se hace directa o indirectamente entre usted y las siguientes partes vinculadas: Miembros de su familia. Turbo tax amendment Incluye únicamente a sus hermanos y hermanas, medios hermanos y medias hermanas, cónyuge, antecesores (padres, abuelos, etc. Turbo tax amendment ) y descendientes directos (hijos, nietos, etcétera). Turbo tax amendment Una sociedad colectiva en la que tuvo directa o indirectamente más del 50% de la participación en el capital o en las utilidades. Turbo tax amendment Una sociedad anónima en la que tuvo directa o indirectamente más del 50% del valor de las acciones en circulación. Turbo tax amendment Consulte Propiedad implícita de acciones , más adelante. Turbo tax amendment Una organización caritativa o educativa exenta de impuestos que usted o un miembro de su familia controla directa o indirectamente, de cualquier forma o método, sin importar si este control es ejecutable legalmente. Turbo tax amendment   Además, no se puede deducir una pérdida sobre la venta o canje de bienes, si la transacción se hace directa o indirectamente entre las siguientes partes vinculadas: Un cesionista y un fiduciario, o el fiduciario y el beneficiario, de cualquier fideicomiso. Turbo tax amendment Fiduciarios de dos fideicomisos diferentes, o el fiduciario y el beneficiario de dos fideicomisos diferentes, si la misma persona es el cesionista de ambos fideicomisos. Turbo tax amendment Un fiduciario de fideicomiso y una sociedad anónima en la que más del 50% del valor de las acciones en circulación son de propiedad directa o indirecta del fideicomiso o para el mismo, o bien del cesionista del fideicomiso o para el mismo. Turbo tax amendment Una sociedad anónima y una sociedad colectiva si las mismas personas poseen más del 50% del valor de las acciones en circulación de la sociedad anónima y más del 50% de participación en el capital o participación en las utilidades de la sociedad colectiva. Turbo tax amendment Dos sociedades anónimas de tipo S si las mismas personas poseen más del 50% del valor de las acciones en circulación de cada sociedad anónima. Turbo tax amendment Dos sociedades anónimas, una de las cuales es una sociedad anónima de tipo S, si las mismas personas poseen más del 50% del valor de las acciones en circulación de cada sociedad anónima. Turbo tax amendment Un albacea y un beneficiario de un caudal hereditario (excepto en el caso de venta o canje para satisfacer una asignación testamentaria pecuniaria). Turbo tax amendment Dos sociedades anónimas que sean miembros del mismo grupo controlado. Turbo tax amendment (Sin embargo, en ciertas condiciones estas pérdidas no son denegadas, pero se tienen que diferir). Turbo tax amendment Dos sociedades colectivas si las mismas personas poseen, directa o indirectamente, más del 50% de la participación en el capital o de las utilidades en ambas sociedades colectivas. Turbo tax amendment Ventas o canjes de bienes múltiples. Turbo tax amendment   Si vende a una parte vinculada o canjea con ésta una cantidad de paquetes de acciones o bienes en una suma global, tiene que calcular las pérdidas o ganancias por separado para cada paquete de acciones o bienes. Turbo tax amendment Es posible que la ganancia por cada artículo pueda estar sujeta a impuestos. Turbo tax amendment Sin embargo, no puede deducir la pérdida de artículo alguno. Turbo tax amendment Tampoco puede reducir las ganancias provenientes de la venta de ninguno de estos artículos por las pérdidas provenientes de la venta de ninguno de los demás artículos. Turbo tax amendment Transacciones indirectas. Turbo tax amendment   No puede deducir las pérdidas de la venta de acciones a través de su agente si, conforme a un plan dispuesto previamente, una parte vinculada compra las mismas acciones que eran de usted. Turbo tax amendment Esto no es aplicable a un canje entre partes vinculadas a través de un intercambio que sea absolutamente fortuito y que no haya sido programado con antelación. Turbo tax amendment Propiedad implícita de acciones. Turbo tax amendment   Para determinar si una persona posee directa o indirectamente acciones vigentes de una sociedad anónima, se aplican las siguientes reglas: Regla 1. Turbo tax amendment   Las acciones de propiedad directa o indirecta de o para una sociedad anónima, sociedad colectiva, caudal hereditario o fideicomiso se consideran de propiedad proporcionalmente por o para sus accionistas, socios o beneficiarios. Turbo tax amendment Regla 2. Turbo tax amendment   Se considera que una persona es propietaria de las acciones poseídas directa o indirectamente por o para su familia. Turbo tax amendment La familia incluye únicamente a hermanos y hermanas, medios hermanos y medias hermanas, cónyuge, antecesores y descendientes directos. Turbo tax amendment Regla 3. Turbo tax amendment   Se considera que una persona física que sea propietaria de acciones de una sociedad anónima, siempre y cuando no sea mediante la aplicación de la Regla 2, es propietaria de las acciones de las cuales su socio es propietario directo o indirecto. Turbo tax amendment Regla 4. Turbo tax amendment   Al aplicar la Regla 1, 2 ó 3, las acciones de las cuales es dueña implícita una persona conforme a la Regla 1 se consideran realmente propiedad de esa persona. Turbo tax amendment Sin embargo, las acciones de propiedad implícita de una persona bajo la Regla 2 ó 3 no se consideran propiedad de esa persona si se usa nuevamente la Regla 2 ó 3 para hacer que otra persona sea el propietario implícito de dichas acciones. Turbo tax amendment Bienes recibidos de una parte vinculada. Turbo tax amendment    Si vende o canjea con ganancia bienes que adquirió de una parte vinculada, usted reconoce la ganancia solamente en la medida en que sea más que la pérdida previamente denegada a la parte vinculada. Turbo tax amendment Esta regla es aplicable solamente si es cesionario original y adquiere los bienes mediante compra o intercambio. Turbo tax amendment Esta regla no es aplicable si las pérdidas de la parte vinculada fueron denegadas debido a reglas de las ventas ficticias descritas en el capítulo 4 de la Publicación 550 bajo Wash Sales (Ventas ficticias), en inglés. Turbo tax amendment   Si vende o canjea con pérdida bienes que adquirió de una parte vinculada, no puede reconocer la pérdida que no fue permisible para la parte vinculada. Turbo tax amendment Ejemplo 1. Turbo tax amendment Su hermano le vende acciones por $7,600. Turbo tax amendment Su base de costo es $10,000. Turbo tax amendment Su hermano no puede deducir la pérdida de $2,400. Turbo tax amendment Después, usted vende las mismas acciones a una parte no vinculada por $10,500, obteniendo una ganancia de $2,900. Turbo tax amendment La ganancia a declarar es $500, es decir, la ganancia de $2,900 menos la pérdida de $2,400 no permitida a su hermano. Turbo tax amendment Ejemplo 2. Turbo tax amendment Si en el Ejemplo 1 usted vende las acciones por $6,900 en lugar de $10,500, su pérdida reconocida es solamente $700 (su base de $7,600 menos $6,900). Turbo tax amendment No puede deducir la pérdida no permitida a su hermano. Turbo tax amendment Pérdidas y Ganancias de Capital Esta sección explica el trato tributario de las ganancias y pérdidas de diferentes tipos de transacciones de inversiones. Turbo tax amendment Carácter de las pérdidas o ganancias. Turbo tax amendment   Debe clasificar sus ganancias y pérdidas como pérdidas o ganancias ordinarias o de capital. Turbo tax amendment Luego, debe clasificar sus ganancias y pérdidas de capital, ya sea a corto plazo o a largo plazo. Turbo tax amendment Si tiene ganancias y pérdidas a largo plazo, tiene que identificar las ganancias y pérdidas a una tasa de 28%. Turbo tax amendment Si tiene ganancias netas de capital, también tiene que identificar toda ganancia no recuperada conforme a la sección 1250. Turbo tax amendment   La clasificación e identificación correcta le ayuda a calcular el límite sobre las pérdidas de capital y el impuesto correcto sobre las ganancias de capital. Turbo tax amendment La declaración de las ganancias y pérdidas de capital se explica en el capítulo 16 . Turbo tax amendment Pérdidas o Ganancias Ordinarias o de Capital Si tiene una ganancia sujeta a impuestos o una pérdida deducible proveniente de una transacción, es posible que sea ganancia o pérdida ordinaria o de capital, dependiendo de las circunstancias. Turbo tax amendment Normalmente, la venta o canje de bienes de capital (definido a continuación) resulta en una pérdida o ganancia de capital. Turbo tax amendment La venta o canje de bienes que no son de capital generalmente resulta en una pérdida o ganancia ordinaria. Turbo tax amendment Según las circunstancias, una pérdida o ganancia sobre la venta o canje de bienes utilizados en su ocupación o negocio puede tratarse como ordinaria o de capital, como se explica en la Publicación 544, en inglés. Turbo tax amendment En algunas situaciones, parte de las pérdidas o ganancias puede ser pérdida o ganancia de capital y otra parte puede ser pérdida o ganancia ordinaria. Turbo tax amendment Bienes de Capital y Bienes que no Son de Capital La mayor parte de los bienes que usted posee y usa para fines personales, de placer o inversión constituye bienes de capital. Turbo tax amendment Ejemplos de éstos incluyen: Acciones o bonos que tenga en su cuenta personal; Una vivienda de la cual usted es dueño y que usan usted y su familia; Mobiliario doméstico; Un automóvil usado para recreación o para trasladarse de su hogar a su trabajo; Colecciones de monedas o estampillas; Gemas y joyas y Oro, plata o cualquier otro metal. Turbo tax amendment Todo bien que usted posea es bien de capital, a excepción de los siguientes bienes que no son de capital: Los bienes que posee principalmente para la venta a clientes o que físicamente formarán parte de la mercancía para la venta a clientes. Turbo tax amendment Para una excepción a esta regla, vea Obras Musicales de Creación Propia Tratadas como Bienes de Capital , más adelante. Turbo tax amendment Bienes depreciables usados en su ocupación o negocio, aun cuando estén completamente depreciados. Turbo tax amendment Bienes raíces que usa en su ocupación o negocio. Turbo tax amendment Derechos de autor, composiciones literarias, musicales o artísticas, cartas o memorandos, o bienes similares que sean: Creados con su propio esfuerzo, Preparados o producidos para usted (en el caso de una carta, memorándum o bienes similares) o Adquiridos bajo ciertas circunstancias (por ejemplo, como regalo), dándole a usted derecho a la base de la persona que creó la propiedad o para quien se preparó o se produjo. Turbo tax amendment Para una excepción a esta regla, vea Obras Musicales de Creación Propia Tratadas como Bienes de Capital , más adelante. Turbo tax amendment Cuentas o documentos por cobrar adquiridos en el curso normal de su ocupación o negocio por servicios prestados o provenientes de la venta de bienes que se describen en el punto (1). Turbo tax amendment Publicaciones del Gobierno de los Estados Unidos que recibió del gobierno en forma gratuita o por menos del precio de venta normal, o que compró en circunstancias que le dieron derecho a la base de alguien que recibió las publicaciones en forma gratuita o por menos del precio de venta normal. Turbo tax amendment Algunos instrumentos financieros derivados de productos básicos mantenidos por revendedores de derivados de productos básicos. Turbo tax amendment Transacciones de cobertura, pero sólo si la transacción está claramente identificada como transacción de este tipo antes del cierre del día en que se adquirió, se originó o en que usted la firmó. Turbo tax amendment Suministros del tipo que se usa o consume regularmente en el curso normal de su ocupación o negocio. Turbo tax amendment Bienes de Inversión Los bienes de inversión son bienes de capital. Turbo tax amendment Normalmente, una ganancia o pérdida proveniente de su venta o canje es una ganancia o pérdida de capital. Turbo tax amendment Oro, plata, estampillas, monedas, gemas, etcétera. Turbo tax amendment   Éstos son bienes de capital, excepto cuando están en posesión de un revendedor con fines de venta. Turbo tax amendment Normalmente, la pérdida o ganancia que asume de esta venta o canje es una pérdida o ganancia de capital. Turbo tax amendment Acciones, derechos de suscripción y bonos. Turbo tax amendment   Todo lo anterior (incluidas las acciones recibidas como dividendo) son bienes de capital, excepto cuando un revendedor de valores los tiene para la venta. Turbo tax amendment Sin embargo, si posee acciones de un pequeño negocio, consulte Pérdidas en Acciones conforme a la Sección 1244 (Pequeño Negocio) , más adelante, y Losses on Small Business Investment Company Stock (Pérdidas sobre acciones de sociedad inversionista especializada en pequeños negocios), en el capítulo 4 de la Publicación 550, en inglés. Turbo tax amendment Bienes de Uso Personal Los bienes mantenidos sólo para uso personal y no para inversión son bienes de capital y, por lo tanto, tiene que declarar una ganancia procedente de su venta como ganancia de capital. Turbo tax amendment Sin embargo, no puede deducir una pérdida por la venta de bienes de uso personal. Turbo tax amendment Obras Musicales de Creación Propia Tratadas como Bienes de Capital Puede optar por tratar las obras musicales y los derechos de autor asociados con obras musicales como bienes de capital al venderlos o intercambiarlos si: Creó dichos bienes por medio de sus propios esfuerzos o Adquirió los bienes bajo condiciones (como regalo, por ejemplo) que le dieron derecho a la base de la persona que creó dichos bienes o de la persona para quien fueron preparados o producidos. Turbo tax amendment Tiene que elegir una opción distinta para cada obra musical (o derecho de autor asociado con una obra musical) vendida o intercambiada durante el año tributario. Turbo tax amendment Tiene que elegir la opción en, o antes de, la fecha de vencimiento del plazo de entrega (incluyendo prórrogas) de la declaración de impuestos del año de la venta o intercambio. Turbo tax amendment Tiene que anotar la opción en el Formulario 8949, considerando la venta o intercambio como venta o intercambio de bienes de capital, conforme al Formulario 8949, el Anexo D (Formulario 1040) y sus instrucciones por separado, en inglés. Turbo tax amendment Si desea obtener más información sobre el Formulario 8949 y el Anexo D (Formulario 1040), vea Cómo Declarar Ganancias y Pérdidas de Capital en el capítulo 16. Turbo tax amendment Además, vea el Anexo D (Formulario 1040), el Formulario 8949 y sus instrucciones por separado, en inglés. Turbo tax amendment Puede revocar esta opción si el IRS se lo aprueba. Turbo tax amendment Para obtener la aprobación del IRS, tiene que enviar una solicitud al IRS para que éste le provea una carta de decisión sobre este asunto tributario conforme al Revenue Procedure (Procedimiento tributario) correspondiente a su situación. Turbo tax amendment Vea, por ejemplo, el Procedimiento Tributario 2013-1, rectificado por el Anuncio 2013-9, que fue ampliado y modificado a su vez por el Procedimiento Tributario 2013-32, en el Internal Revenue Bulletin (Boletín de Impuestos Internos), en inglés, en www. Turbo tax amendment irs. Turbo tax amendment gov/irb/2013-01_IRB/ar06. Turbo tax amendment html. Turbo tax amendment Como alternativa, se le otorga una prórroga automática de 6 meses a partir de la fecha de vencimiento del plazo de entrega de su declaración de impuestos sobre el ingreso (excluyendo prórrogas) para revocar la opción, con la condición de que presente a tiempo la declaración de impuestos sobre el ingreso y, durante este plazo de prórroga de 6 meses, presente el Formulario 1040X en el que la venta o intercambio se considere como venta o intercambio de bienes no de capital. Turbo tax amendment Instrumentos de Deuda Descontados Trate como ganancia o pérdida de capital su pérdida o ganancia de la venta, rescate o retiro de un bono u otro instrumento de deuda originalmente emitido con descuento o comprado con descuento, excepto según se explica a continuación. Turbo tax amendment Deudas gubernamentales a corto plazo. Turbo tax amendment   Trate las ganancias sobre las deudas de un gobierno federal, estatal o local a corto plazo (que no sean deudas exentas de impuestos) como ingresos ordinarios hasta su parte proporcional del descuento de adquisición. Turbo tax amendment Este trato se aplica a deudas que tienen una fecha de vencimiento fija de no más de 1 año a partir de la fecha de emisión. Turbo tax amendment El descuento de adquisiciones es el precio de rescate establecido al vencimiento menos la base de la deuda. Turbo tax amendment   Sin embargo, no trate estas ganancias como ingreso en la medida en que haya incluido previamente el descuento en los ingresos. Turbo tax amendment Consulte Discount on Short-Term Obligations (Descuento sobre deudas a corto plazo) en el capítulo 1 de la Publicación 550, en inglés. Turbo tax amendment Deudas no gubernamentales a corto plazo. Turbo tax amendment   Trate las ganancias sobre las deudas no gubernamentales a corto plazo como ingresos ordinarios hasta su parte proporcional del descuento de la emisión original (OID, por sus siglas en inglés). Turbo tax amendment Este trato se aplica a deudas que tienen una fecha de vencimiento fija de no más de 1 año a partir de la fecha de emisión. Turbo tax amendment   Sin embargo, no tiene que volver a incluir en los ingresos la parte del descuento que haya incluido previamente en los mismos. Turbo tax amendment Consulte Discount on Short-Term Obligations (Descuento sobre deudas a corto plazo) en el capítulo 1 de la Publicación 550, en inglés. Turbo tax amendment Bonos de gobiernos estatales y locales exentos de impuestos. Turbo tax amendment   Si estos bonos se emitieron originalmente con un descuento antes del 4 de septiembre de 1982, o bien si los adquirió antes del 2 de marzo de 1984, trate su parte del OID como intereses exentos de impuestos. Turbo tax amendment Para calcular las pérdidas o ganancias por la venta o canje de estos bonos, reste su parte del OID de la cantidad obtenida. Turbo tax amendment   Si los bonos fueron emitidos después del 3 de septiembre de 1982 y adquiridos después del 1 de marzo de 1984, sume a la base ajustada su parte del OID para calcular la pérdida o ganancia. Turbo tax amendment Para obtener más información acerca de la base de estos bonos, consulte Discounted Debt Instruments (Instrumentos de deuda descontados) en el capítulo 4 de la Publicación 550, en inglés. Turbo tax amendment   Normalmente, las ganancias del descuento comercial están sujetas a impuestos sobre la enajenación o rescate de los bonos exentos de impuestos. Turbo tax amendment Si compró los bonos antes del 1 de mayo de 1993, la ganancia del descuento comercial es una ganancia de capital. Turbo tax amendment Si compró los bonos después del 30 de abril de 1993, la ganancia constituye ingresos ordinarios. Turbo tax amendment   Usted calcula el descuento comercial restando el precio que pagó por el bono de la suma del precio original de emisión del bono y la cantidad del OID acumulado desde la fecha de emisión que representó intereses para los accionistas anteriores. Turbo tax amendment Para obtener más información, consulte Market Discount Bonds (Bonos con descuento en el mercado) en el capítulo 1 de la Publicación 550, en inglés. Turbo tax amendment    Una pérdida sobre la venta u otra enajenación de bonos de gobiernos estatales o locales exentos de impuestos es deducible como pérdida de capital. Turbo tax amendment Rescate antes del vencimiento. Turbo tax amendment   Si un bono local o estatal emitido antes del 9 de junio de 1980 se rescata antes de su vencimiento, entonces el OID no le está sujeto a impuestos a usted. Turbo tax amendment   Si un bono local o estatal emitido después del 8 de junio de 1980 se rescata antes de su vencimiento, entonces la parte del OID que generó ingresos mientras tuvo el bono no le está sujeto a impuestos a usted. Turbo tax amendment Sin embargo, tiene que declarar la parte no devengada del OID como ganancia de capital. Turbo tax amendment Ejemplo. Turbo tax amendment El 2 de julio de 2002, fecha de emisión, usted compró un bono municipal de 6% a 20 años por $800. Turbo tax amendment La cantidad nominal del bono fue $1,000. Turbo tax amendment El descuento de $200 se atribuyó al OID. Turbo tax amendment En el momento en que se emitió el bono, el emisor no tenía intención de rescatarlo antes de su vencimiento. Turbo tax amendment El bono fue rescatable en su cantidad nominal después de 10 años de la fecha de emisión. Turbo tax amendment El emisor rescató el bono al término de 11 años (2 de julio de 2013) por la cantidad nominal de $1,000, más los intereses anuales devengados de $60. Turbo tax amendment El OID de $73, obtenido durante el tiempo que tuvo el bono, no está sujeto a impuestos. Turbo tax amendment Los intereses anuales devengados de $60 tampoco están sujetos a impuestos. Turbo tax amendment Sin embargo, tiene que declarar la parte no devengada del OID ($127) como ganancia de capital. Turbo tax amendment Instrumentos de deuda a largo plazo emitidos después de 1954 y antes del 28 de mayo de 1969 (o antes del 2 de julio de 1982 si son instrumentos de gobierno). Turbo tax amendment   Si vende, canjea o rescata para obtener ganancia uno de estos instrumentos de deuda, el ingreso ordinario será la parte de la ganancia que no sea superior a la parte proporcional del OID al momento de la venta o rescate. Turbo tax amendment El resto de la ganancia es ganancia de capital. Turbo tax amendment Sin embargo, si hubo intención de rescatar el instrumento de deuda antes de su vencimiento, toda la ganancia que no supere el total del OID se tratará como ingreso ordinario al momento de la venta. Turbo tax amendment Este trato de ganancia sujeta a impuestos también es aplicable a los instrumentos de sociedades anónimas emitidos después del 27 de mayo de 1969, conforme a un acuerdo escrito vinculante a partir del 27 de mayo de 1969, y en todo momento después de esta fecha. Turbo tax amendment Instrumentos de deuda a largo plazo emitidos después del 27 de mayo de 1969 (o después del 1 de julio de 1982 si son instrumentos de gobierno). Turbo tax amendment   Si es dueño de uno de estos instrumentos de deuda, tiene que incluir una parte del OID en su ingreso bruto cada año que posee el instrumento. Turbo tax amendment Su base de dicho instrumento de deuda aumenta con la cantidad del OID que incluyó en sus ingresos brutos. Turbo tax amendment Consulte Descuento de la Emisión Original (OID) en el capítulo 7 para obtener información acerca del OID que tiene que declarar en su declaración de impuestos. Turbo tax amendment   Si vende o canjea el instrumento de deuda antes de su vencimiento, la ganancia que obtiene es ganancia de capital. Turbo tax amendment Sin embargo, si al momento de la emisión original del instrumento hubo una intención de rescatarlo antes de su vencimiento, normalmente la ganancia es ganancia ordinaria hasta el límite del total del OID menos las cantidades del OID que previamente se incluyeron en sus ingresos. Turbo tax amendment En este caso, el resto de la ganancia es ganancia de capital. Turbo tax amendment Bonos con descuento en el mercado. Turbo tax amendment   Si el instrumento de deuda tiene descuento en el mercado y usted optó por incluir en el ingreso el descuento a medida que se acumulaba, aumente su base en el instrumento de deuda por el descuento acumulado para calcular la pérdida o ganancia de capital sobre la enajenación. Turbo tax amendment Si optó por no incluir en el ingreso el descuento a medida que se acumulaba, tiene que declarar la ganancia como ingreso ordinario de intereses hasta el monto del descuento comercial acumulado del instrumento. Turbo tax amendment El resto son ganancias de capital. Turbo tax amendment Consulte Market Discount Bonds (Bonos de descuento en el mercado) en el capítulo 1 de la Publicación 550, en inglés. Turbo tax amendment   Se aplica una regla diferente a los bonos con descuento en el mercado emitidos antes del 19 de julio de 1984 y comprados por usted antes del 1 de mayo de 1993. Turbo tax amendment Consulte Market discount bonds (Bonos de descuento en el mercado) bajo Discounted Debt Instruments (Instrumentos de deuda descontados) en el capítulo 4 de la Publicación 550, en inglés. Turbo tax amendment Redención de instrumento de deuda. Turbo tax amendment   Las cantidades recibidas por la redención de un instrumento de deuda se tratan del mismo modo que si hubiera vendido o canjeado dicho instrumento. Turbo tax amendment Pagarés de personas físicas. Turbo tax amendment   Si mantiene la deuda de una persona física que se emitió con OID después del 1 de marzo de 1984, generalmente tiene que incluir el OID en su ingreso actual, y las pérdidas o ganancias sobre la venta o redención de la deuda son, por lo general, pérdidas o ganancias de capital. Turbo tax amendment Se aplica una excepción a este caso si la deuda es un préstamo entre personas físicas y se satisfacen los requisitos siguientes: El prestamista no se dedica al negocio de prestar dinero. Turbo tax amendment La cantidad del préstamo, más la cantidad de los préstamos anteriores pendientes, es $10,000 o menos. Turbo tax amendment La evasión de impuestos federales no es uno de los principales objetivos del préstamo. Turbo tax amendment   Si corresponde la excepción, o si la deuda fue emitida antes del 2 de marzo de 1984, usted no incluye el OID en sus ingresos actuales. Turbo tax amendment Cuando venda o rescate la deuda, la parte de su ganancia que no sea superior a la parte devengada del OID en ese momento es ingreso ordinario. Turbo tax amendment El resto de la ganancia, si la hay, es ganancia de capital. Turbo tax amendment Las pérdidas sobre las ventas o rescates son pérdidas de capital. Turbo tax amendment Depósito en Instituciones Financieras Insolventes o en Quiebra Si pierde dinero que tenga depositado en un banco, cooperativa de crédito u otra institución financiera que ya no es solvente o está en bancarrota, tal vez pueda deducir su pérdida en una de las tres maneras siguientes: Pérdida ordinaria. Turbo tax amendment Pérdida fortuita. Turbo tax amendment Deuda incobrable no comercial (pérdida de capital a corto plazo). Turbo tax amendment  Para más información, vea Deposit in Insolvent or Bankrupt Financial Institution (Depósito en institución financiera insolvente o en quiebra) en el capítulo 4 de la Publicación 550, en inglés. Turbo tax amendment Venta de Anualidad Se considera ingreso ordinario la parte de una ganancia sobre la venta de un contrato de anualidad antes de su fecha de vencimiento y que se basa en los intereses acumulados en el contrato. Turbo tax amendment Pérdidas en Acciones Conforme a la Sección 1244 (Pequeño Negocio) Usted puede deducir su pérdida proveniente de la venta, canje o falta de valor de acciones conforme a la sección 1244 como una pérdida ordinaria en vez de una pérdida de capital. Turbo tax amendment Declare la pérdida en la línea 10 del Formulario 4797. Turbo tax amendment Toda ganancia sobre acciones conforme a la sección 1244 es ganancia de capital si las acciones son bienes de capital en su mano. Turbo tax amendment Declare la ganancia en el Formulario 8949. Turbo tax amendment Consulte Losses on Section 1244 (Small Business) Stock (Pérdidas de acciones (de pequeño negocio) conforme a la sección 1244), en el capítulo 4 de la Publicación 550, en inglés. Turbo tax amendment Si desea obtener más información sobre el Formulario 8949 y el Anexo D (Formulario 1040), vea Cómo Declarar Ganancias y Pérdidas de Capital en el capítulo 16. Turbo tax amendment Además, vea el Anexo D (Formulario 1040), el Formulario 8949 y sus instrucciones por separado, en inglés. Turbo tax amendment Período de Tenencia Si vendió o canjeó bienes de inversión, tiene que determinar el período de tenencia de los bienes. Turbo tax amendment Su período de tenencia determina si una pérdida o ganancia de capital fue a corto o largo plazo. Turbo tax amendment Corto o largo plazo. Turbo tax amendment   Si mantiene bienes de inversión por más de 1 año, las pérdidas o ganancias de capital son a largo plazo. Turbo tax amendment Si mantiene bienes por 1 año o menos, las pérdidas o ganancias de capital son a corto plazo. Turbo tax amendment   Para determinar el tiempo en que tuvo bienes de inversión, empiece a contar a partir del día siguiente a la fecha en que adquirió los bienes. Turbo tax amendment El día en que enajenó los bienes forma parte del período de tenencia. Turbo tax amendment Ejemplo. Turbo tax amendment Si compró bienes de inversión el 6 de febrero de 2012 y los vendió el 6 de febrero de 2013, el período de tenencia no es superior a un 1 año y, por lo tanto, tiene pérdida o ganancia de capital a corto plazo. Turbo tax amendment Si vendió los bienes el 7 de febrero de 2013, el período de tenencia es superior a un 1 año y, por lo tanto, tiene una pérdida o ganancia de capital a largo plazo. Turbo tax amendment Valores cotizados en un mercado establecido. Turbo tax amendment   En lo que respecta a valores cotizados en un mercado de valores establecido, el período de tenencia comienza el día siguiente a la fecha de transacción en que compró los valores y termina en la fecha de transacción en que los vendió. Turbo tax amendment    No confunda la fecha de transacción con la fecha de liquidación, para la cual es la fecha en que se tienen que entregar las acciones y se tiene que efectuar el pago. Turbo tax amendment Ejemplo. Turbo tax amendment Usted es contribuyente con base de método de efectivo y año natural para la presentación de su declaración. Turbo tax amendment El 30 de diciembre de 2013, vendió acciones con ganancias. Turbo tax amendment Según las reglas de la bolsa, la venta se cerró con la entrega de las acciones 4 días comerciales después de la venta, el 6 de enero de 2014. Turbo tax amendment Recibió el pago del valor de la venta el mismo día. Turbo tax amendment Declare la ganancia en la declaración del año 2013, aunque haya recibido el pago en el año 2014. Turbo tax amendment La ganancia es a largo o corto plazo dependiendo de si tuvo las acciones más de un año. Turbo tax amendment Su período de tenencia terminó el 30 de diciembre. Turbo tax amendment Si hubiera vendido las acciones con pérdidas, también habría declarado las pérdidas en su declaración del año 2013. Turbo tax amendment Pagarés y bonos del Tesoro de los Estados Unidos. Turbo tax amendment   El período de tenencia de pagarés y bonos de los EE. Turbo tax amendment UU. Turbo tax amendment vendidos en subasta en base a su rendimiento se inicia el día después de que el Secretario del Tesoro, mediante comunicados de prensa, dé notificación a los postores cuyas ofertas hayan sido aceptadas. Turbo tax amendment El período de tenencia de pagarés y bonos de los EE. Turbo tax amendment UU. Turbo tax amendment con rendimiento determinado vendidos en base a suscripciones se inicia el día después de que se presente la suscripción. Turbo tax amendment Servicio de inversión automático. Turbo tax amendment   Al determinar el período de tenencia de acciones compradas a través del banco u otro agente, se considera que las acciones enteras se compraron al inicio y las acciones fraccionarias se compraron al final. Turbo tax amendment El período de tenencia de usted comienza el día siguiente de la fecha de compra del banco. Turbo tax amendment Si una acción se compró en más de una fecha de compra, el período de tenencia de esa acción es un período de tenencia dividido. Turbo tax amendment Se considera que se compró una parte de esa acción en cada fecha en que el banco haya comprado la acción con pagos procedentes de fondos disponibles. Turbo tax amendment Canjes no sujetos a impuestos. Turbo tax amendment   Si adquiere bienes de inversión en un canje por otros bienes de inversión y la base de los nuevos bienes está determinada, en su totalidad o en parte, por la base de los antiguos bienes, el período de tenencia de los nuevos bienes comienza el día siguiente de la fecha en que adquirió los antiguos bienes. Turbo tax amendment Bienes recibidos como regalo. Turbo tax amendment   Si recibe un regalo de bienes y la base se determina por la base ajustada del donante, se considera que el período de tenencia ha empezado el mismo día en que empezó el período de tenencia del donante. Turbo tax amendment   Si la base está determinada por el valor justo de mercado de los bienes, el período de tenencia comienza el día siguiente de la fecha del regalo. Turbo tax amendment Bienes heredados. Turbo tax amendment   Por lo general, si usted heredó bienes de inversión, su ganancia o pérdida de capital en cualquier enajenación que realice luego con ese bien es una ganancia o pérdida de capital a largo plazo. Turbo tax amendment Esto es así independientemente de cuánto tiempo usted tuvo el bien como su propiedad. Turbo tax amendment Sin embargo, si usted heredó los bienes de alguien que falleció en el 2010, vea la información que aparece a continuación. Turbo tax amendment Bienes heredados de una persona que falleció en el año 2010. Turbo tax amendment   Si hereda bienes de inversión de un difunto que falleció en el año 2010, y el albacea del patrimonio del difunto optó por presentar el Formulario 8939, consulte la información provista por el albacea o vea la Publicación 4895, Tax Treatment of Property Acquired From a Decedent Dying in 2010 (Trato tributario de bienes adquiridos de un difunto que falleció en 2010), en inglés, para determinar su período de tenencia. Turbo tax amendment Bienes raíces comprados. Turbo tax amendment   Para calcular el tiempo que tuvo bienes raíces comprados conforme a un contrato incondicional, empiece a contar el día después de la fecha en que recibió el título de los bienes o la fecha después de la que tomó posesión de los bienes y asumió las obligaciones y privilegios de propietario, lo que sucediera primero. Turbo tax amendment Sin embargo, aceptar la entrega o tomar posesión de bienes raíces conforme a un contrato de opción no es suficiente para comenzar el período de tenencia. Turbo tax amendment El período de tenencia no puede comenzar hasta que haya un contrato de venta real. Turbo tax amendment El período de tenencia del vendedor no puede terminar antes de esa fecha. Turbo tax amendment Si recupera la posesión de bienes raíces. Turbo tax amendment   Si vende bienes raíces pero retiene un derecho prendario a los mismos, y más adelante recupera la posesión de dichos bienes raíces según los términos del contrato de venta, el período de tenencia correspondiente a una venta posterior abarca el período durante el cual fue dueño de los bienes raíces antes de la primera venta y el período después de que haya recuperado la posesión de los mismos. Turbo tax amendment El período de tenencia no incluye el período entre la primera venta y la recuperación de la posesión de los bienes raíces. Turbo tax amendment Es decir, no incluye el período durante el cual el primer comprador fue dueño de dichos bienes raíces. Turbo tax amendment Dividendos de acciones. Turbo tax amendment   El período de tenencia de las acciones que usted recibió como dividendo de acciones sujeto a impuestos comienza en la fecha de distribución. Turbo tax amendment   El período de tenencia de acciones nuevas que recibió como dividendo de acciones no sujeto a impuestos comienza el mismo día que el período de tenencia de las antiguas acciones. Turbo tax amendment Esta regla también se aplica a acciones adquiridas en una “escisión”, lo cual es una distribución de acciones o valores en una sociedad anónima controlada. Turbo tax amendment Derechos de suscripción no sujetos a impuestos. Turbo tax amendment   El período de tenencia de derechos de suscripción no sujetos a impuestos comienza el mismo día que el período de tenencia de las acciones precedentes. Turbo tax amendment El período de tenencia de acciones adquiridas a través del ejercicio de derechos de suscripción comienza en la fecha en que se ejerció el derecho. Turbo tax amendment Deudas Incobrables no Empresariales Si alguien le debe dinero que usted no puede cobrar, entonces tiene una deuda incobrable. Turbo tax amendment Tal vez pueda deducir la cantidad adeudada cuando calcule su impuesto para el año en que la deuda pierda todo su valor. Turbo tax amendment Normalmente, las deudas incobrables no empresariales son deudas incobrables que no obtuvo en el transcurso de la operación de su ocupación o negocio, y son deducibles como pérdidas de capital a corto plazo. Turbo tax amendment Para que las deudas incobrables no comerciales sean deducibles, tienen que perder totalmente su valor. Turbo tax amendment No puede deducir una deuda no comercial que ha perdido sólo parte de su valor. Turbo tax amendment Requisito de deuda genuina. Turbo tax amendment   Una deuda tiene que ser genuina para que pueda deducir la pérdida. Turbo tax amendment Una deuda es genuina si surge de una relación deudor−acreedor que se basa en una obligación válida y ejecutable de reembolsar una suma de dinero fija o determinable. Turbo tax amendment Requisito de base en la deuda incobrable. Turbo tax amendment    Para deducir una deuda incobrable, tiene que tener una base en la misma, es decir, tiene que haber incluido previamente la cantidad en sus ingresos o haber prestado su efectivo. Turbo tax amendment Por ejemplo, no puede declarar una deducción por deuda incobrable por una pensión por orden judicial para hijos menores que su ex cónyuge no haya pagado. Turbo tax amendment Si es contribuyente con base de método a base de efectivo (como la mayoría de las personas físicas), normalmente no puede declarar una deducción por deuda incobrable por sueldos, salarios, alquileres, honorarios, intereses, dividendos y conceptos similares no pagados. Turbo tax amendment Cuándo son deducibles las deudas incobrables. Turbo tax amendment   Puede tomar una deducción por deuda incobrable sólo en el año en que la deuda pierde su valor. Turbo tax amendment No tiene que esperar el vencimiento de una deuda para saber si ha perdido su valor. Turbo tax amendment Una deuda pierde su valor cuando ya no cabe la posibilidad de que se pague la cantidad adeudada. Turbo tax amendment   No es necesario llevar el asunto ante los tribunales si puede demostrar que la deuda sería incobrable a pesar de una sentencia de compensación monetaria dictada por un tribunal. Turbo tax amendment Sólo tiene que demostrar que ha tomado medidas razonables para cobrar la deuda. Turbo tax amendment En la mayoría de los casos, la quiebra del deudor demuestra suf