Filing Your Taxes Online is Fast, Easy and Secure.
Start now and receive your tax refund in as little as 7 days.

1. Get Answers

Your online questions are customized to your unique tax situation.

2. Maximize your Refund

Find tax credits for everything from school tuition to buying a hybri

3. E-File for FREE

E-file free with direct deposit to get your refund in as few as 7 days.

Filing your taxes with paper mail can be difficult and it could take weeks for your refund to arrive. IRS e-file is easy, fast and secure. There is no paperwork going to the IRS so tax refunds can be processed in as little as 7 days with direct deposit. As you prepare your taxes online, you can see your tax refund in real time.

FREE audit support and representation from an enrolled agent – NEW and only from H&R Block

2011 Tax Forms 1040ez

1040ez Amended ReturnTaxslayer 20111040ez 2013 Tax Form1040ez Form 2013 InstructionsHow To Do An Amended Tax Return On Turbotax2012 Tax Return Forms104ez FormFree File Form 4868File 2010 Taxes Online FreeTax Amendments2012 Tax Forms 1040 EzFree Turbo Tax For Low IncomeFree File State TaxHow To File State Taxes FreeRee 1040 Ez Tax Filing Online2010 Ez Tax FormWhere Can I Do My State Taxes Online For FreeMy Free TaxesH And R BlockHr Block Free TaxEfile 1040xFile 1040x OnlineIrs Form1040ez1040ez Filing OnlineTurbo Tax 2006Free Tax Filing 2012Taxact Online 2010Free 1040x1040x Electronically FileTax FormsWhat Form Do I Need To Amend My TaxesEz Tax FormDeadline For TaxesMichigan Tax Forms 1040ezH&r Block Taxcut OnlineWhen Last Day File Taxes 2012How Can I Amend My TaxesTax Software 2011Www Irs Gov EitcUs Irs E File Free

2011 Tax Forms 1040ez

2011 tax forms 1040ez 1. 2011 tax forms 1040ez   Gain or Loss Table of Contents Topics - This chapter discusses: Useful Items - You may want to see: Sales and ExchangesGain or Loss From Sales and Exchanges Abandonments Foreclosures and RepossessionsAmount realized on a nonrecourse debt. 2011 tax forms 1040ez Amount realized on a recourse debt. 2011 tax forms 1040ez Involuntary ConversionsCondemnations Nontaxable ExchangesLike-Kind Exchanges Other Nontaxable Exchanges Transfers to Spouse Rollover of Gain From Publicly Traded Securities Gains on Sales of Qualified Small Business Stock Exclusion of Gain From Sale of DC Zone Assets Topics - This chapter discusses: Sales and exchanges Abandonments Foreclosures and repossessions Involuntary conversions Nontaxable exchanges Transfers to spouse Rollovers and exclusions for certain capital gains Useful Items - You may want to see: Publication 523 Selling Your Home 537 Installment Sales 547 Casualties, Disasters, and Thefts 550 Investment Income and Expenses 551 Basis of Assets 908 Bankruptcy Tax Guide 4681 Canceled Debts, Foreclosures, Repossessions, and Abandonments Form (and Instructions) Schedule D (Form 1040) Capital Gains and Losses 1040 U. 2011 tax forms 1040ez S. 2011 tax forms 1040ez Individual Income Tax Return 1040X Amended U. 2011 tax forms 1040ez S. 2011 tax forms 1040ez Individual Income Tax Return 1099-A Acquisition or Abandonment of Secured Property 1099-C Cancellation of Debt 4797 Sales of Business Property 8824 Like-Kind Exchanges 8949 Sales and Other Dispositions of Capital Assets Although the discussions in this chapter may at times refer mainly to individuals, many of the rules discussed also apply to taxpayers other than individuals. 2011 tax forms 1040ez However, the rules for property held for personal use usually will not apply to taxpayers other than individuals. 2011 tax forms 1040ez See chapter 5 for information about getting publications and forms. 2011 tax forms 1040ez Sales and Exchanges A sale is a transfer of property for money or a mortgage, note, or other promise to pay money. 2011 tax forms 1040ez An exchange is a transfer of property for other property or services. 2011 tax forms 1040ez The following discussions describe the kinds of transactions that are treated as sales or exchanges and explain how to figure gain or loss. 2011 tax forms 1040ez Sale or lease. 2011 tax forms 1040ez    Some agreements that seem to be leases may really be conditional sales contracts. 2011 tax forms 1040ez The intention of the parties to the agreement can help you distinguish between a sale and a lease. 2011 tax forms 1040ez   There is no test or group of tests to prove what the parties intended when they made the agreement. 2011 tax forms 1040ez You should consider each agreement based on its own facts and circumstances. 2011 tax forms 1040ez For more information, see chapter 3 in Publication 535, Business Expenses. 2011 tax forms 1040ez Cancellation of a lease. 2011 tax forms 1040ez    Payments received by a tenant for the cancellation of a lease are treated as an amount realized from the sale of property. 2011 tax forms 1040ez Payments received by a landlord (lessor) for the cancellation of a lease are essentially a substitute for rental payments and are taxed as ordinary income in the year in which they are received. 2011 tax forms 1040ez Copyright. 2011 tax forms 1040ez    Payments you receive for granting the exclusive use of (or right to exploit) a copyright throughout its life in a particular medium are treated as received from the sale of property. 2011 tax forms 1040ez It does not matter if the payments are a fixed amount or a percentage of receipts from the sale, performance, exhibition, or publication of the copyrighted work, or an amount based on the number of copies sold, performances given, or exhibitions made. 2011 tax forms 1040ez Nor does it matter if the payments are made over the same period as that covering the grantee's use of the copyrighted work. 2011 tax forms 1040ez   If the copyright was used in your trade or business and you held it longer than a year, the gain or loss may be a section 1231 gain or loss. 2011 tax forms 1040ez For more information, see Section 1231 Gains and Losses in chapter 3. 2011 tax forms 1040ez Easement. 2011 tax forms 1040ez   The amount received for granting an easement is subtracted from the basis of the property. 2011 tax forms 1040ez If only a specific part of the entire tract of property is affected by the easement, only the basis of that part is reduced by the amount received. 2011 tax forms 1040ez If it is impossible or impractical to separate the basis of the part of the property on which the easement is granted, the basis of the whole property is reduced by the amount received. 2011 tax forms 1040ez   Any amount received that is more than the basis to be reduced is a taxable gain. 2011 tax forms 1040ez The transaction is reported as a sale of property. 2011 tax forms 1040ez   If you transfer a perpetual easement for consideration and do not keep any beneficial interest in the part of the property affected by the easement, the transaction will be treated as a sale of property. 2011 tax forms 1040ez However, if you make a qualified conservation contribution of a restriction or easement granted in perpetuity, it is treated as a charitable contribution and not a sale or exchange, even though you keep a beneficial interest in the property affected by the easement. 2011 tax forms 1040ez   If you grant an easement on your property (for example, a right-of-way over it) under condemnation or threat of condemnation, you are considered to have made a forced sale, even though you keep the legal title. 2011 tax forms 1040ez Although you figure gain or loss on the easement in the same way as a sale of property, the gain or loss is treated as a gain or loss from a condemnation. 2011 tax forms 1040ez See Gain or Loss From Condemnations, later. 2011 tax forms 1040ez Property transferred to satisfy debt. 2011 tax forms 1040ez   A transfer of property to satisfy a debt is an exchange. 2011 tax forms 1040ez Note's maturity date extended. 2011 tax forms 1040ez   The extension of a note's maturity date is not treated as an exchange of an outstanding note for a new and different note. 2011 tax forms 1040ez Also, it is not considered a closed and completed transaction that would result in a gain or loss. 2011 tax forms 1040ez However, an extension will be treated as a taxable exchange of the outstanding note for a new and materially different note if the changes in the terms of the note are significant. 2011 tax forms 1040ez Each case must be determined by its own facts. 2011 tax forms 1040ez For more information, see Regulations section 1. 2011 tax forms 1040ez 1001-3. 2011 tax forms 1040ez Transfer on death. 2011 tax forms 1040ez   The transfer of property of a decedent to an executor or administrator of the estate, or to the heirs or beneficiaries, is not a sale or exchange or other disposition. 2011 tax forms 1040ez No taxable gain or deductible loss results from the transfer. 2011 tax forms 1040ez Bankruptcy. 2011 tax forms 1040ez   Generally, a transfer (other than by sale or exchange) of property from a debtor to a bankruptcy estate is not treated as a disposition. 2011 tax forms 1040ez Consequently, the transfer generally does not result in gain or loss. 2011 tax forms 1040ez For more information, see Publication 908, Bankruptcy Tax Guide. 2011 tax forms 1040ez Gain or Loss From Sales and Exchanges You usually realize gain or loss when property is sold or exchanged. 2011 tax forms 1040ez A gain is the amount you realize from a sale or exchange of property that is more than its adjusted basis. 2011 tax forms 1040ez A loss is the adjusted basis of the property that is more than the amount you realize. 2011 tax forms 1040ez   Table 1-1. 2011 tax forms 1040ez How To Figure Whether You Have a Gain or Loss IF your. 2011 tax forms 1040ez . 2011 tax forms 1040ez . 2011 tax forms 1040ez THEN you have a. 2011 tax forms 1040ez . 2011 tax forms 1040ez . 2011 tax forms 1040ez Adjusted basis is more than the amount realized, Loss. 2011 tax forms 1040ez Amount realized is more than the adjusted basis, Gain. 2011 tax forms 1040ez Basis. 2011 tax forms 1040ez   You must know the basis of your property to determine whether you have a gain or loss from its sale or other disposition. 2011 tax forms 1040ez The basis of property you buy is usually its cost. 2011 tax forms 1040ez However, if you acquired the property by gift, inheritance, or in some way other than buying it, you must use a basis other than its cost. 2011 tax forms 1040ez See Basis Other Than Cost in Publication 551, Basis of Assets. 2011 tax forms 1040ez Special rules apply to property acquired from a decedent who died in 2010 and the executor made the election to file Form 8939, Allocation of Increase in Basis for Property Received From a Decedent. 2011 tax forms 1040ez See Publication 4895, Tax Treatment of Property Acquired From a Decedent Dying in 2010, for details. 2011 tax forms 1040ez Adjusted basis. 2011 tax forms 1040ez   The adjusted basis of property is your original cost or other basis plus (increased by) certain additions and minus (decreased by) certain deductions. 2011 tax forms 1040ez Increases include costs of any improvements having a useful life of more than 1 year. 2011 tax forms 1040ez Decreases include depreciation and casualty losses. 2011 tax forms 1040ez For more details and additional examples, see Adjusted Basis in Publication 551. 2011 tax forms 1040ez Amount realized. 2011 tax forms 1040ez   The amount you realize from a sale or exchange is the total of all money you receive plus the fair market value (defined below) of all property or services you receive. 2011 tax forms 1040ez The amount you realize also includes any of your liabilities that were assumed by the buyer and any liabilities to which the property you transferred is subject, such as real estate taxes or a mortgage. 2011 tax forms 1040ez Fair market value. 2011 tax forms 1040ez   Fair market value (FMV) is the price at which the property would change hands between a buyer and a seller when both have reasonable knowledge of all the necessary facts and neither is being forced to buy or sell. 2011 tax forms 1040ez If parties with adverse interests place a value on property in an arm's-length transaction, that is strong evidence of FMV. 2011 tax forms 1040ez If there is a stated price for services, this price is treated as the FMV unless there is evidence to the contrary. 2011 tax forms 1040ez Example. 2011 tax forms 1040ez You used a building in your business that cost you $70,000. 2011 tax forms 1040ez You made certain permanent improvements at a cost of $20,000 and deducted depreciation totaling $10,000. 2011 tax forms 1040ez You sold the building for $100,000 plus property having an FMV of $20,000. 2011 tax forms 1040ez The buyer assumed your real estate taxes of $3,000 and a mortgage of $17,000 on the building. 2011 tax forms 1040ez The selling expenses were $4,000. 2011 tax forms 1040ez Your gain on the sale is figured as follows. 2011 tax forms 1040ez Amount realized:     Cash $100,000   FMV of property received 20,000   Real estate taxes assumed by buyer 3,000   Mortgage assumed by  buyer 17,000   Total 140,000   Minus: Selling expenses 4,000 $136,000 Adjusted basis:     Cost of building $70,000   Improvements 20,000   Total $90,000   Minus: Depreciation 10,000   Adjusted basis   $80,000 Gain on sale $56,000 Amount recognized. 2011 tax forms 1040ez   Your gain or loss realized from a sale or exchange of property is usually a recognized gain or loss for tax purposes. 2011 tax forms 1040ez Recognized gains must be included in gross income. 2011 tax forms 1040ez Recognized losses are deductible from gross income. 2011 tax forms 1040ez However, your gain or loss realized from certain exchanges of property is not recognized for tax purposes. 2011 tax forms 1040ez See Nontaxable Exchanges, later. 2011 tax forms 1040ez Also, a loss from the sale or other disposition of property held for personal use is not deductible, except in the case of a casualty or theft. 2011 tax forms 1040ez Interest in property. 2011 tax forms 1040ez   The amount you realize from the disposition of a life interest in property, an interest in property for a set number of years, or an income interest in a trust is a recognized gain under certain circumstances. 2011 tax forms 1040ez If you received the interest as a gift, inheritance, or in a transfer from a spouse or former spouse incident to a divorce, the amount realized is a recognized gain. 2011 tax forms 1040ez Your basis in the property is disregarded. 2011 tax forms 1040ez This rule does not apply if all interests in the property are disposed of at the same time. 2011 tax forms 1040ez Example 1. 2011 tax forms 1040ez Your father dies and leaves his farm to you for life with a remainder interest to your younger brother. 2011 tax forms 1040ez You decide to sell your life interest in the farm. 2011 tax forms 1040ez The entire amount you receive is a recognized gain. 2011 tax forms 1040ez Your basis in the farm is disregarded. 2011 tax forms 1040ez Example 2. 2011 tax forms 1040ez The facts are the same as in Example 1, except that your brother joins you in selling the farm. 2011 tax forms 1040ez The entire interest in the property is sold, so your basis in the farm is not disregarded. 2011 tax forms 1040ez Your gain or loss is the difference between your share of the sales price and your adjusted basis in the farm. 2011 tax forms 1040ez Canceling a sale of real property. 2011 tax forms 1040ez   If you sell real property under a sales contract that allows the buyer to return the property for a full refund and the buyer does so, you may not have to recognize gain or loss on the sale. 2011 tax forms 1040ez If the buyer returns the property in the year of sale, no gain or loss is recognized. 2011 tax forms 1040ez This cancellation of the sale in the same year it occurred places both you and the buyer in the same positions you were in before the sale. 2011 tax forms 1040ez If the buyer returns the property in a later tax year, you must recognize gain (or loss, if allowed) in the year of the sale. 2011 tax forms 1040ez When the property is returned in a later year, you acquire a new basis in the property. 2011 tax forms 1040ez That basis is equal to the amount you pay to the buyer. 2011 tax forms 1040ez Bargain Sale If you sell or exchange property for less than fair market value with the intent of making a gift, the transaction is partly a sale or exchange and partly a gift. 2011 tax forms 1040ez You have a gain if the amount realized is more than your adjusted basis in the property. 2011 tax forms 1040ez However, you do not have a loss if the amount realized is less than the adjusted basis of the property. 2011 tax forms 1040ez Bargain sales to charity. 2011 tax forms 1040ez   A bargain sale of property to a charitable organization is partly a sale or exchange and partly a charitable contribution. 2011 tax forms 1040ez If a charitable deduction for the contribution is allowable, you must allocate your adjusted basis in the property between the part sold and the part contributed based on the fair market value of each. 2011 tax forms 1040ez The adjusted basis of the part sold is figured as follows. 2011 tax forms 1040ez Adjusted basis of entire property × Amount realized (fair market value of part sold)   Fair market value of entire property   Based on this allocation rule, you will have a gain even if the amount realized is not more than your adjusted basis in the property. 2011 tax forms 1040ez This allocation rule does not apply if a charitable contribution deduction is not allowable. 2011 tax forms 1040ez   See Publication 526, Charitable Contributions, for information on figuring your charitable contribution. 2011 tax forms 1040ez Example. 2011 tax forms 1040ez You sold property with a fair market value of $10,000 to a charitable organization for $2,000 and are allowed a deduction for your contribution. 2011 tax forms 1040ez Your adjusted basis in the property is $4,000. 2011 tax forms 1040ez Your gain on the sale is $1,200, figured as follows. 2011 tax forms 1040ez Sales price $2,000 Minus: Adjusted basis of part sold ($4,000 × ($2,000 ÷ $10,000)) 800 Gain on the sale $1,200 Property Used Partly for Business or Rental Generally, if you sell or exchange property you used partly for business or rental purposes and partly for personal purposes, you must figure the gain or loss on the sale or exchange as though you had sold two separate pieces of property. 2011 tax forms 1040ez You must subtract depreciation you took or could have taken from the basis of the business or rental part. 2011 tax forms 1040ez However, see the special rule below for a home used partly for business or rental. 2011 tax forms 1040ez You must allocate the selling price, selling expenses, and the basis of the property between the business or rental part and the personal part. 2011 tax forms 1040ez Gain or loss on the business or rental part of the property may be a capital gain or loss or an ordinary gain or loss, as discussed in chapter 3 under Section 1231 Gains and Losses. 2011 tax forms 1040ez Any gain on the personal part of the property is a capital gain. 2011 tax forms 1040ez You cannot deduct a loss on the personal part. 2011 tax forms 1040ez Home used partly for business or rental. 2011 tax forms 1040ez    If you use property partly as a home and partly for business or to produce rental income, the computation and treatment of any gain on the sale depends partly on whether the business or rental part of the property is part of your home or separate from it. 2011 tax forms 1040ez See Property Used Partly for Business or Rental, in Publication 523. 2011 tax forms 1040ez Property Changed to Business or Rental Use You cannot deduct a loss on the sale of property you purchased or constructed for use as your home and used as your home until the time of sale. 2011 tax forms 1040ez You can deduct a loss on the sale of property you acquired for use as your home but changed to business or rental property and used as business or rental property at the time of sale. 2011 tax forms 1040ez However, if the adjusted basis of the property at the time of the change was more than its fair market value, the loss you can deduct is limited. 2011 tax forms 1040ez Figure the loss you can deduct as follows. 2011 tax forms 1040ez Use the lesser of the property's adjusted basis or fair market value at the time of the change. 2011 tax forms 1040ez Add to (1) the cost of any improvements and other increases to basis since the change. 2011 tax forms 1040ez Subtract from (2) depreciation and any other decreases to basis since the change. 2011 tax forms 1040ez Subtract the amount you realized on the sale from the result in (3). 2011 tax forms 1040ez If the amount you realized is more than the result in (3), treat this result as zero. 2011 tax forms 1040ez The result in (4) is the loss you can deduct. 2011 tax forms 1040ez Example. 2011 tax forms 1040ez You changed your main home to rental property 5 years ago. 2011 tax forms 1040ez At the time of the change, the adjusted basis of your home was $75,000 and the fair market value was $70,000. 2011 tax forms 1040ez This year, you sold the property for $55,000. 2011 tax forms 1040ez You made no improvements to the property but you have depreciation expense of $12,620 over the 5 prior years. 2011 tax forms 1040ez Although your loss on the sale is $7,380 [($75,000 − $12,620) − $55,000], the amount you can deduct as a loss is limited to $2,380, figured as follows. 2011 tax forms 1040ez Lesser of adjusted basis or fair market value at time of the change $70,000 Plus: Cost of any improvements and any other additions to basis after the change -0-   70,000 Minus: Depreciation and any other decreases to basis after the change 12,620   57,380 Minus: Amount you realized from the sale 55,000 Deductible loss $2,380 Gain. 2011 tax forms 1040ez   If you have a gain on the sale, you generally must recognize the full amount of the gain. 2011 tax forms 1040ez You figure the gain by subtracting your adjusted basis from your amount realized, as described earlier. 2011 tax forms 1040ez   You may be able to exclude all or part of the gain if you owned and lived in the property as your main home for at least 2 years during the 5-year period ending on the date of sale. 2011 tax forms 1040ez However, you may not be able to exclude the part of the gain allocated to any period of nonqualified use. 2011 tax forms 1040ez   For more information, see Business Use or Rental of Home in Publication 523. 2011 tax forms 1040ez In addition, special rules apply if the home sold was acquired in a like-kind exchange. 2011 tax forms 1040ez See Special Situations in Publication 523. 2011 tax forms 1040ez Also see Like-Kind Exchanges, later. 2011 tax forms 1040ez Abandonments The abandonment of property is a disposition of property. 2011 tax forms 1040ez You abandon property when you voluntarily and permanently give up possession and use of the property with the intention of ending your ownership but without passing it on to anyone else. 2011 tax forms 1040ez Generally, abandonment is not treated as a sale or exchange of the property. 2011 tax forms 1040ez If the amount you realize (if any) is more than your adjusted basis, then you have a gain. 2011 tax forms 1040ez If your adjusted basis is more than the amount you realize (if any), then you have a loss. 2011 tax forms 1040ez Loss from abandonment of business or investment property is deductible as a loss. 2011 tax forms 1040ez A loss from an abandonment of business or investment property that is not treated as a sale or exchange generally is an ordinary loss. 2011 tax forms 1040ez This rule also applies to leasehold improvements the lessor made for the lessee that were abandoned. 2011 tax forms 1040ez If the property is foreclosed on or repossessed in lieu of abandonment, gain or loss is figured as discussed later under Foreclosure and Repossessions. 2011 tax forms 1040ez The abandonment loss is deducted in the tax year in which the loss is sustained. 2011 tax forms 1040ez If the abandoned property is secured by debt, special rules apply. 2011 tax forms 1040ez The tax consequences of abandonment of property that is secured by debt depend on whether you are personally liable for the debt (recourse debt) or you are not personally liable for the debt (nonrecourse debt). 2011 tax forms 1040ez For more information, including examples, see chapter 3 of Publication 4681. 2011 tax forms 1040ez You cannot deduct any loss from abandonment of your home or other property held for personal use only. 2011 tax forms 1040ez Cancellation of debt. 2011 tax forms 1040ez   If the abandoned property secures a debt for which you are personally liable and the debt is canceled, you may realize ordinary income equal to the canceled debt. 2011 tax forms 1040ez This income is separate from any loss realized from abandonment of the property. 2011 tax forms 1040ez   You must report this income on your tax return unless one of the following applies. 2011 tax forms 1040ez The cancellation is intended as a gift. 2011 tax forms 1040ez The debt is qualified farm debt. 2011 tax forms 1040ez The debt is qualified real property business debt. 2011 tax forms 1040ez You are insolvent or bankrupt. 2011 tax forms 1040ez The debt is qualified principal residence indebtedness. 2011 tax forms 1040ez File Form 982, Reduction of Tax Attributes Due to Discharge of Indebtedness (and Section 1082 Basis Adjustment), to report the income exclusion. 2011 tax forms 1040ez For more information, including other exceptions and exclusion, see Publication 4681. 2011 tax forms 1040ez Forms 1099-A and 1099-C. 2011 tax forms 1040ez   If you abandon property that secures a loan and the lender knows the property has been abandoned, the lender should send you Form 1099-A showing information you need to figure your loss from the abandonment. 2011 tax forms 1040ez However, if your debt is canceled and the lender must file Form 1099-C, the lender may include the information about the abandonment on that form instead of on Form 1099-A, and send you Form 1099-C only. 2011 tax forms 1040ez The lender must file Form 1099-C and send you a copy if the amount of debt canceled is $600 or more and the lender is a financial institution, credit union, federal government agency, or any organization that has a significant trade or business of lending money. 2011 tax forms 1040ez For abandonments of property and debt cancellations occurring in 2013, these forms should be sent to you by January 31, 2014. 2011 tax forms 1040ez Foreclosures and Repossessions If you do not make payments you owe on a loan secured by property, the lender may foreclose on the loan or repossess the property. 2011 tax forms 1040ez The foreclosure or repossession is treated as a sale or exchange from which you may realize gain or loss. 2011 tax forms 1040ez This is true even if you voluntarily return the property to the lender. 2011 tax forms 1040ez You also may realize ordinary income from cancellation of debt if the loan balance is more than the fair market value of the property. 2011 tax forms 1040ez Buyer's (borrower's) gain or loss. 2011 tax forms 1040ez   You figure and report gain or loss from a foreclosure or repossession in the same way as gain or loss from a sale or exchange. 2011 tax forms 1040ez The gain or loss is the difference between your adjusted basis in the transferred property and the amount realized. 2011 tax forms 1040ez See Gain or Loss From Sales and Exchanges, earlier. 2011 tax forms 1040ez You can use Table 1-2 to figure your gain or loss from a foreclosure or repossession. 2011 tax forms 1040ez Amount realized on a nonrecourse debt. 2011 tax forms 1040ez   If you are not personally liable for repaying the debt (nonrecourse debt) secured by the transferred property, the amount you realize includes the full debt canceled by the transfer. 2011 tax forms 1040ez The full canceled debt is included even if the fair market value of the property is less than the canceled debt. 2011 tax forms 1040ez Example 1. 2011 tax forms 1040ez Chris bought a new car for $15,000. 2011 tax forms 1040ez He paid $2,000 down and borrowed the remaining $13,000 from the dealer's credit company. 2011 tax forms 1040ez Chris is not personally liable for the loan (nonrecourse debt), but pledges the new car as security. 2011 tax forms 1040ez The credit company repossessed the car because he stopped making loan payments. 2011 tax forms 1040ez The balance due after taking into account the payments Chris made was $10,000. 2011 tax forms 1040ez The fair market value of the car when repossessed was $9,000. 2011 tax forms 1040ez The amount Chris realized on the repossession is $10,000. 2011 tax forms 1040ez That is the outstanding amount of the debt canceled by the repossession, even though the car's fair market value is less than $10,000. 2011 tax forms 1040ez Chris figures his gain or loss on the repossession by comparing the amount realized ($10,000) with his adjusted basis ($15,000). 2011 tax forms 1040ez He has a $5,000 nondeductible loss. 2011 tax forms 1040ez Example 2. 2011 tax forms 1040ez Abena paid $200,000 for her home. 2011 tax forms 1040ez She paid $15,000 down and borrowed the remaining $185,000 from a bank. 2011 tax forms 1040ez Abena is not personally liable for the loan (nonrecourse debt), but pledges the house as security. 2011 tax forms 1040ez The bank foreclosed on the loan because Abena stopped making payments. 2011 tax forms 1040ez When the bank foreclosed on the loan, the balance due was $180,000, the fair market value of the house was $170,000, and Abena's adjusted basis was $175,000 due to a casualty loss she had deducted. 2011 tax forms 1040ez The amount Abena realized on the foreclosure is $180,000, the balance due and debt canceled by the foreclosure. 2011 tax forms 1040ez She figures her gain or loss by comparing the amount realized ($180,000) with her adjusted basis ($175,000). 2011 tax forms 1040ez She has a $5,000 realized gain. 2011 tax forms 1040ez Amount realized on a recourse debt. 2011 tax forms 1040ez   If you are personally liable for the debt (recourse debt), the amount realized on the foreclosure or repossession includes the lesser of: The outstanding debt immediately before the transfer reduced by any amount for which you remain personally liable immediately after the transfer, or The fair market value of the transferred property. 2011 tax forms 1040ez You are treated as receiving ordinary income from the canceled debt for the part of the debt that is more than the fair market value. 2011 tax forms 1040ez The amount realized does not include the canceled debt that is your income from cancellation of debt. 2011 tax forms 1040ez See Cancellation of debt, below. 2011 tax forms 1040ez Seller's (lender's) gain or loss on repossession. 2011 tax forms 1040ez   If you finance a buyer's purchase of property and later acquire an interest in it through foreclosure or repossession, you may have a gain or loss on the acquisition. 2011 tax forms 1040ez For more information, see Repossession in Publication 537. 2011 tax forms 1040ez    Table 1-2. 2011 tax forms 1040ez Worksheet for Foreclosures and Repossessions Part 1. 2011 tax forms 1040ez Use Part 1 to figure your ordinary income from the cancellation of debt upon foreclosure or repossession. 2011 tax forms 1040ez Complete this part only  if you were personally liable for the debt. 2011 tax forms 1040ez Otherwise,  go to Part 2. 2011 tax forms 1040ez   1. 2011 tax forms 1040ez Enter the amount of outstanding debt immediately before the transfer of   property reduced by any amount for which you remain personally liable after   the transfer of property   2. 2011 tax forms 1040ez Enter the fair market value of the transferred property   3. 2011 tax forms 1040ez Ordinary income from cancellation of debt upon foreclosure or    repossession. 2011 tax forms 1040ez * Subtract line 2 from line 1. 2011 tax forms 1040ez   If less than zero, enter zero   Part 2. 2011 tax forms 1040ez Figure your gain or loss from foreclosure or repossession. 2011 tax forms 1040ez   4. 2011 tax forms 1040ez If you completed Part 1, enter the smaller of line 1 or line 2. 2011 tax forms 1040ez   If you did not complete Part 1, enter the outstanding debt immediately before   the transfer of property   5. 2011 tax forms 1040ez Enter any proceeds you received from the foreclosure sale   6. 2011 tax forms 1040ez Add lines 4 and 5   7. 2011 tax forms 1040ez Enter the adjusted basis of the transferred property   8. 2011 tax forms 1040ez Gain or loss from foreclosure or repossession. 2011 tax forms 1040ez Subtract line 7  from line 6   * The income may not be taxable. 2011 tax forms 1040ez See Cancellation of debt. 2011 tax forms 1040ez Cancellation of debt. 2011 tax forms 1040ez   If property that is repossessed or foreclosed on secures a debt for which you are personally liable (recourse debt), you generally must report as ordinary income the amount by which the canceled debt is more than the fair market value of the property. 2011 tax forms 1040ez This income is separate from any gain or loss realized from the foreclosure or repossession. 2011 tax forms 1040ez Report the income from cancellation of a debt related to a business or rental activity as business or rental income. 2011 tax forms 1040ez    You can use Table 1-2 to figure your income from cancellation of debt. 2011 tax forms 1040ez   You must report this income on your tax return unless one of the following applies. 2011 tax forms 1040ez The cancellation is intended as a gift. 2011 tax forms 1040ez The debt is qualified farm debt. 2011 tax forms 1040ez The debt is qualified real property business debt. 2011 tax forms 1040ez You are insolvent or bankrupt. 2011 tax forms 1040ez The debt is qualified principal residence indebtedness. 2011 tax forms 1040ez File Form 982 to report the income exclusion. 2011 tax forms 1040ez Example 1. 2011 tax forms 1040ez Assume the same facts as in Example 1 under Amount realized on a nonrecourse debt, earlier, except Chris is personally liable for the car loan (recourse debt). 2011 tax forms 1040ez In this case, the amount he realizes is $9,000. 2011 tax forms 1040ez This is the lesser of the canceled debt ($10,000) or the car's fair market value ($9,000). 2011 tax forms 1040ez Chris figures his gain or loss on the repossession by comparing the amount realized ($9,000) with his adjusted basis ($15,000). 2011 tax forms 1040ez He has a $6,000 nondeductible loss. 2011 tax forms 1040ez He also is treated as receiving ordinary income from cancellation of debt. 2011 tax forms 1040ez That income is $1,000 ($10,000 − $9,000). 2011 tax forms 1040ez This is the part of the canceled debt not included in the amount realized. 2011 tax forms 1040ez Example 2. 2011 tax forms 1040ez Assume the same facts as in Example 2 under Amount realized on a nonrecourse debt, earlier, except Abena is personally liable for the loan (recourse debt). 2011 tax forms 1040ez In this case, the amount she realizes is $170,000. 2011 tax forms 1040ez This is the lesser of the canceled debt ($180,000) or the fair market value of the house ($170,000). 2011 tax forms 1040ez Abena figures her gain or loss on the foreclosure by comparing the amount realized ($170,000) with her adjusted basis ($175,000). 2011 tax forms 1040ez She has a $5,000 nondeductible loss. 2011 tax forms 1040ez She also is treated as receiving ordinary income from cancellation of debt. 2011 tax forms 1040ez (The debt is not exempt from tax as discussed under Cancellation of debt, above. 2011 tax forms 1040ez ) That income is $10,000 ($180,000 − $170,000). 2011 tax forms 1040ez This is the part of the canceled debt not included in the amount realized. 2011 tax forms 1040ez Forms 1099-A and 1099-C. 2011 tax forms 1040ez   A lender who acquires an interest in your property in a foreclosure or repossession should send you Form 1099-A showing the information you need to figure your gain or loss. 2011 tax forms 1040ez However, if the lender also cancels part of your debt and must file Form 1099-C, the lender may include the information about the foreclosure or repossession on that form instead of on Form 1099-A and send you Form 1099-C only. 2011 tax forms 1040ez The lender must file Form 1099-C and send you a copy if the amount of debt canceled is $600 or more and the lender is a financial institution, credit union, federal government agency, or any organization that has a significant trade or business of lending money. 2011 tax forms 1040ez For foreclosures or repossessions occurring in 2013, these forms should be sent to you by January 31, 2014. 2011 tax forms 1040ez Involuntary Conversions An involuntary conversion occurs when your property is destroyed, stolen, condemned, or disposed of under the threat of condemnation and you receive other property or money in payment, such as insurance or a condemnation award. 2011 tax forms 1040ez Involuntary conversions are also called involuntary exchanges. 2011 tax forms 1040ez Gain or loss from an involuntary conversion of your property is usually recognized for tax purposes unless the property is your main home. 2011 tax forms 1040ez You report the gain or deduct the loss on your tax return for the year you realize it. 2011 tax forms 1040ez You cannot deduct a loss from an involuntary conversion of property you held for personal use unless the loss resulted from a casualty or theft. 2011 tax forms 1040ez However, depending on the type of property you receive, you may not have to report a gain on an involuntary conversion. 2011 tax forms 1040ez Generally, you do not report the gain if you receive property that is similar or related in service or use to the converted property. 2011 tax forms 1040ez Your basis for the new property is the same as your basis for the converted property. 2011 tax forms 1040ez This means that the gain is deferred until a taxable sale or exchange occurs. 2011 tax forms 1040ez If you receive money or property that is not similar or related in service or use to the involuntarily converted property and you buy qualifying replacement property within a certain period of time, you can elect to postpone reporting the gain on the property purchased. 2011 tax forms 1040ez This publication explains the treatment of a gain or loss from a condemnation or disposition under the threat of condemnation. 2011 tax forms 1040ez If you have a gain or loss from the destruction or theft of property, see Publication 547. 2011 tax forms 1040ez Condemnations A condemnation is the process by which private property is legally taken for public use without the owner's consent. 2011 tax forms 1040ez The property may be taken by the federal government, a state government, a political subdivision, or a private organization that has the power to legally take it. 2011 tax forms 1040ez The owner receives a condemnation award (money or property) in exchange for the property taken. 2011 tax forms 1040ez A condemnation is like a forced sale, the owner being the seller and the condemning authority being the buyer. 2011 tax forms 1040ez Example. 2011 tax forms 1040ez A local government authorized to acquire land for public parks informed you that it wished to acquire your property. 2011 tax forms 1040ez After the local government took action to condemn your property, you went to court to keep it. 2011 tax forms 1040ez But, the court decided in favor of the local government, which took your property and paid you an amount fixed by the court. 2011 tax forms 1040ez This is a condemnation of private property for public use. 2011 tax forms 1040ez Threat of condemnation. 2011 tax forms 1040ez   A threat of condemnation exists if a representative of a government body or a public official authorized to acquire property for public use informs you that the government body or official has decided to acquire your property. 2011 tax forms 1040ez You must have reasonable grounds to believe that, if you do not sell voluntarily, your property will be condemned. 2011 tax forms 1040ez   The sale of your property to someone other than the condemning authority will also qualify as an involuntary conversion, provided you have reasonable grounds to believe that your property will be condemned. 2011 tax forms 1040ez If the buyer of this property knows at the time of purchase that it will be condemned and sells it to the condemning authority, this sale also qualifies as an involuntary conversion. 2011 tax forms 1040ez Reports of condemnation. 2011 tax forms 1040ez   A threat of condemnation exists if you learn of a decision to acquire your property for public use through a report in a newspaper or other news medium, and this report is confirmed by a representative of the government body or public official involved. 2011 tax forms 1040ez You must have reasonable grounds to believe that they will take necessary steps to condemn your property if you do not sell voluntarily. 2011 tax forms 1040ez If you relied on oral statements made by a government representative or public official, the Internal Revenue Service (IRS) may ask you to get written confirmation of the statements. 2011 tax forms 1040ez Example. 2011 tax forms 1040ez Your property lies along public utility lines. 2011 tax forms 1040ez The utility company has the authority to condemn your property. 2011 tax forms 1040ez The company informs you that it intends to acquire your property by negotiation or condemnation. 2011 tax forms 1040ez A threat of condemnation exists when you receive the notice. 2011 tax forms 1040ez Related property voluntarily sold. 2011 tax forms 1040ez   A voluntary sale of your property may be treated as a forced sale that qualifies as an involuntary conversion if the property had a substantial economic relationship to property of yours that was condemned. 2011 tax forms 1040ez A substantial economic relationship exists if together the properties were one economic unit. 2011 tax forms 1040ez You also must show that the condemned property could not reasonably or adequately be replaced. 2011 tax forms 1040ez You can elect to postpone reporting the gain by buying replacement property. 2011 tax forms 1040ez See Postponement of Gain, later. 2011 tax forms 1040ez Gain or Loss From Condemnations If your property was condemned or disposed of under the threat of condemnation, figure your gain or loss by comparing the adjusted basis of your condemned property with your net condemnation award. 2011 tax forms 1040ez If your net condemnation award is more than the adjusted basis of the condemned property, you have a gain. 2011 tax forms 1040ez You can postpone reporting gain from a condemnation if you buy replacement property. 2011 tax forms 1040ez If only part of your property is condemned, you can treat the cost of restoring the remaining part to its former usefulness as the cost of replacement property. 2011 tax forms 1040ez See Postponement of Gain, later. 2011 tax forms 1040ez If your net condemnation award is less than your adjusted basis, you have a loss. 2011 tax forms 1040ez If your loss is from property you held for personal use, you cannot deduct it. 2011 tax forms 1040ez You must report any deductible loss in the tax year it happened. 2011 tax forms 1040ez You can use Part 2 of Table 1-3 to figure your gain or loss from a condemnation award. 2011 tax forms 1040ez Main home condemned. 2011 tax forms 1040ez   If you have a gain because your main home is condemned, you generally can exclude the gain from your income as if you had sold or exchanged your home. 2011 tax forms 1040ez You may be able to exclude up to $250,000 of the gain (up to $500,000 if married filing jointly). 2011 tax forms 1040ez For information on this exclusion, see Publication 523. 2011 tax forms 1040ez If your gain is more than you can exclude but you buy replacement property, you may be able to postpone reporting the rest of the gain. 2011 tax forms 1040ez See Postponement of Gain, later. 2011 tax forms 1040ez Table 1-3. 2011 tax forms 1040ez Worksheet for Condemnations Part 1. 2011 tax forms 1040ez Gain from severance damages. 2011 tax forms 1040ez  If you did not receive severance damages, skip Part 1 and go to Part 2. 2011 tax forms 1040ez   1. 2011 tax forms 1040ez Enter gross severance damages received   2. 2011 tax forms 1040ez Enter your expenses in getting severance damages   3. 2011 tax forms 1040ez Subtract line 2 from line 1. 2011 tax forms 1040ez If less than zero, enter -0-   4. 2011 tax forms 1040ez Enter any special assessment on remaining property taken out of your award   5. 2011 tax forms 1040ez Net severance damages. 2011 tax forms 1040ez Subtract line 4 from line 3. 2011 tax forms 1040ez If less than zero, enter -0-   6. 2011 tax forms 1040ez Enter the adjusted basis of the remaining property   7. 2011 tax forms 1040ez Gain from severance damages. 2011 tax forms 1040ez Subtract line 6 from line 5. 2011 tax forms 1040ez If less than zero, enter -0-   8. 2011 tax forms 1040ez Refigured adjusted basis of the remaining property. 2011 tax forms 1040ez Subtract line 5 from line 6. 2011 tax forms 1040ez If less than zero, enter -0-   Part 2. 2011 tax forms 1040ez Gain or loss from condemnation award. 2011 tax forms 1040ez   9. 2011 tax forms 1040ez Enter the gross condemnation award received   10. 2011 tax forms 1040ez Enter your expenses in getting the condemnation award   11. 2011 tax forms 1040ez If you completed Part 1, and line 4 is more than line 3, subtract line 3 from line 4. 2011 tax forms 1040ez If you did not complete Part 1, but a special assessment was taken out of your award, enter that amount. 2011 tax forms 1040ez Otherwise, enter -0-   12. 2011 tax forms 1040ez Add lines 10 and 11   13. 2011 tax forms 1040ez Net condemnation award. 2011 tax forms 1040ez Subtract line 12 from line 9   14. 2011 tax forms 1040ez Enter the adjusted basis of the condemned property   15. 2011 tax forms 1040ez Gain from condemnation award. 2011 tax forms 1040ez If line 14 is more than line 13, enter -0-. 2011 tax forms 1040ez Otherwise, subtract line 14 from  line 13 and skip line 16   16. 2011 tax forms 1040ez Loss from condemnation award. 2011 tax forms 1040ez Subtract line 13 from line 14     (Note: You cannot deduct the amount on line 16 if the condemned property was held for personal use. 2011 tax forms 1040ez )   Part 3. 2011 tax forms 1040ez Postponed gain from condemnation. 2011 tax forms 1040ez  (Complete only if line 7 or line 15 is more than zero and you bought qualifying replacement property or made expenditures to restore the usefulness of your remaining property. 2011 tax forms 1040ez )   17. 2011 tax forms 1040ez If you completed Part 1, and line 7 is more than zero, enter the amount from line 5. 2011 tax forms 1040ez Otherwise, enter -0-   18. 2011 tax forms 1040ez If line 15 is more than zero, enter the amount from line 13. 2011 tax forms 1040ez Otherwise, enter -0-   19. 2011 tax forms 1040ez Add lines 17 and 18. 2011 tax forms 1040ez If the condemned property was your main home, subtract from this total the gain you excluded from your income and enter the result   20. 2011 tax forms 1040ez Enter the total cost of replacement property and any expenses to restore the usefulness of your remaining property   21. 2011 tax forms 1040ez Subtract line 20 from line 19. 2011 tax forms 1040ez If less than zero, enter -0-   22. 2011 tax forms 1040ez If you completed Part 1, add lines 7 and 15. 2011 tax forms 1040ez Otherwise, enter the amount from line 15. 2011 tax forms 1040ez If the condemned property was your main home, subtract from this total the gain you excluded from your income and enter the result   23. 2011 tax forms 1040ez Recognized gain. 2011 tax forms 1040ez Enter the smaller of line 21 or line 22. 2011 tax forms 1040ez   24. 2011 tax forms 1040ez Postponed gain. 2011 tax forms 1040ez Subtract line 23 from line 22. 2011 tax forms 1040ez If less than zero, enter -0-   Condemnation award. 2011 tax forms 1040ez   A condemnation award is the money you are paid or the value of other property you receive for your condemned property. 2011 tax forms 1040ez The award is also the amount you are paid for the sale of your property under threat of condemnation. 2011 tax forms 1040ez Payment of your debts. 2011 tax forms 1040ez   Amounts taken out of the award to pay your debts are considered paid to you. 2011 tax forms 1040ez Amounts the government pays directly to the holder of a mortgage or lien against your property are part of your award, even if the debt attaches to the property and is not your personal liability. 2011 tax forms 1040ez Example. 2011 tax forms 1040ez The state condemned your property for public use. 2011 tax forms 1040ez The award was set at $200,000. 2011 tax forms 1040ez The state paid you only $148,000 because it paid $50,000 to your mortgage holder and $2,000 accrued real estate taxes. 2011 tax forms 1040ez You are considered to have received the entire $200,000 as a condemnation award. 2011 tax forms 1040ez Interest on award. 2011 tax forms 1040ez   If the condemning authority pays you interest for its delay in paying your award, it is not part of the condemnation award. 2011 tax forms 1040ez You must report the interest separately as ordinary income. 2011 tax forms 1040ez Payments to relocate. 2011 tax forms 1040ez   Payments you receive to relocate and replace housing because you have been displaced from your home, business, or farm as a result of federal or federally assisted programs are not part of the condemnation award. 2011 tax forms 1040ez Do not include them in your income. 2011 tax forms 1040ez Replacement housing payments used to buy new property are included in the property's basis as part of your cost. 2011 tax forms 1040ez Net condemnation award. 2011 tax forms 1040ez   A net condemnation award is the total award you received, or are considered to have received, for the condemned property minus your expenses of obtaining the award. 2011 tax forms 1040ez If only a part of your property was condemned, you also must reduce the award by any special assessment levied against the part of the property you retain. 2011 tax forms 1040ez This is discussed later under Special assessment taken out of award. 2011 tax forms 1040ez Severance damages. 2011 tax forms 1040ez    Severance damages are not part of the award paid for the property condemned. 2011 tax forms 1040ez They are paid to you if part of your property is condemned and the value of the part you keep is decreased because of the condemnation. 2011 tax forms 1040ez   For example, you may receive severance damages if your property is subject to flooding because you sell flowage easement rights (the condemned property) under threat of condemnation. 2011 tax forms 1040ez Severance damages also may be given to you if, because part of your property is condemned for a highway, you must replace fences, dig new wells or ditches, or plant trees to restore your remaining property to the same usefulness it had before the condemnation. 2011 tax forms 1040ez   The contracting parties should agree on the specific amount of severance damages in writing. 2011 tax forms 1040ez If this is not done, all proceeds from the condemning authority are considered awarded for your condemned property. 2011 tax forms 1040ez   You cannot make a completely new allocation of the total award after the transaction is completed. 2011 tax forms 1040ez However, you can show how much of the award both parties intended for severance damages. 2011 tax forms 1040ez The severance damages part of the award is determined from all the facts and circumstances. 2011 tax forms 1040ez Example. 2011 tax forms 1040ez You sold part of your property to the state under threat of condemnation. 2011 tax forms 1040ez The contract you and the condemning authority signed showed only the total purchase price. 2011 tax forms 1040ez It did not specify a fixed sum for severance damages. 2011 tax forms 1040ez However, at settlement, the condemning authority gave you closing papers showing clearly the part of the purchase price that was for severance damages. 2011 tax forms 1040ez You may treat this part as severance damages. 2011 tax forms 1040ez Treatment of severance damages. 2011 tax forms 1040ez   Your net severance damages are treated as the amount realized from an involuntary conversion of the remaining part of your property. 2011 tax forms 1040ez Use them to reduce the basis of the remaining property. 2011 tax forms 1040ez If the amount of severance damages is based on damage to a specific part of the property you kept, reduce the basis of only that part by the net severance damages. 2011 tax forms 1040ez   If your net severance damages are more than the basis of your retained property, you have a gain. 2011 tax forms 1040ez You may be able to postpone reporting the gain. 2011 tax forms 1040ez See Postponement of Gain, later. 2011 tax forms 1040ez    You can use Part 1 of Table 1-3 to figure any gain from severance damages and to refigure the adjusted basis of the remaining part of your property. 2011 tax forms 1040ez Net severance damages. 2011 tax forms 1040ez   To figure your net severance damages, you first must reduce your severance damages by your expenses in obtaining the damages. 2011 tax forms 1040ez You then reduce them by any special assessment (described later) levied against the remaining part of the property and retained out of the award by the condemning authority. 2011 tax forms 1040ez The balance is your net severance damages. 2011 tax forms 1040ez Expenses of obtaining a condemnation award and severance damages. 2011 tax forms 1040ez   Subtract the expenses of obtaining a condemnation award, such as legal, engineering, and appraisal fees, from the total award. 2011 tax forms 1040ez Also, subtract the expenses of obtaining severance damages, which may include similar expenses, from the severance damages paid to you. 2011 tax forms 1040ez If you cannot determine which part of your expenses is for each part of the condemnation proceeds, you must make a proportionate allocation. 2011 tax forms 1040ez Example. 2011 tax forms 1040ez You receive a condemnation award and severance damages. 2011 tax forms 1040ez One-fourth of the total was designated as severance damages in your agreement with the condemning authority. 2011 tax forms 1040ez You had legal expenses for the entire condemnation proceeding. 2011 tax forms 1040ez You cannot determine how much of your legal expenses is for each part of the condemnation proceeds. 2011 tax forms 1040ez You must allocate one-fourth of your legal expenses to the severance damages and the other three-fourths to the condemnation award. 2011 tax forms 1040ez Special assessment retained out of award. 2011 tax forms 1040ez   When only part of your property is condemned, a special assessment levied against the remaining property may be retained by the governing body out of your condemnation award. 2011 tax forms 1040ez An assessment may be levied if the remaining part of your property benefited by the improvement resulting from the condemnation. 2011 tax forms 1040ez Examples of improvements that may cause a special assessment are widening a street and installing a sewer. 2011 tax forms 1040ez   To figure your net condemnation award, you must reduce the amount of the award by the assessment retained out of the award. 2011 tax forms 1040ez Example. 2011 tax forms 1040ez To widen the street in front of your home, the city condemned a 25-foot deep strip of your land. 2011 tax forms 1040ez You were awarded $5,000 for this and spent $300 to get the award. 2011 tax forms 1040ez Before paying the award, the city levied a special assessment of $700 for the street improvement against your remaining property. 2011 tax forms 1040ez The city then paid you only $4,300. 2011 tax forms 1040ez Your net award is $4,000 ($5,000 total award minus $300 expenses in obtaining the award and $700 for the special assessment retained). 2011 tax forms 1040ez If the $700 special assessment was not retained out of the award and you were paid $5,000, your net award would be $4,700 ($5,000 − $300). 2011 tax forms 1040ez The net award would not change, even if you later paid the assessment from the amount you received. 2011 tax forms 1040ez Severance damages received. 2011 tax forms 1040ez   If severance damages are included in the condemnation proceeds, the special assessment retained out of the severance damages is first used to reduce the severance damages. 2011 tax forms 1040ez Any balance of the special assessment is used to reduce the condemnation award. 2011 tax forms 1040ez Example. 2011 tax forms 1040ez You were awarded $4,000 for the condemnation of your property and $1,000 for severance damages. 2011 tax forms 1040ez You spent $300 to obtain the severance damages. 2011 tax forms 1040ez A special assessment of $800 was retained out of the award. 2011 tax forms 1040ez The $1,000 severance damages are reduced to zero by first subtracting the $300 expenses and then $700 of the special assessment. 2011 tax forms 1040ez Your $4,000 condemnation award is reduced by the $100 balance of the special assessment, leaving a $3,900 net condemnation award. 2011 tax forms 1040ez Part business or rental. 2011 tax forms 1040ez   If you used part of your condemned property as your home and part as business or rental property, treat each part as a separate property. 2011 tax forms 1040ez Figure your gain or loss separately because gain or loss on each part may be treated differently. 2011 tax forms 1040ez   Some examples of this type of property are a building in which you live and operate a grocery, and a building in which you live on the first floor and rent out the second floor. 2011 tax forms 1040ez Example. 2011 tax forms 1040ez You sold your building for $24,000 under threat of condemnation to a public utility company that had the authority to condemn. 2011 tax forms 1040ez You rented half the building and lived in the other half. 2011 tax forms 1040ez You paid $25,000 for the building and spent an additional $1,000 for a new roof. 2011 tax forms 1040ez You claimed allowable depreciation of $4,600 on the rental half. 2011 tax forms 1040ez You spent $200 in legal expenses to obtain the condemnation award. 2011 tax forms 1040ez Figure your gain or loss as follows. 2011 tax forms 1040ez     Resi- dential Part Busi- ness Part 1) Condemnation award received $12,000 $12,000 2) Minus: Legal expenses, $200 100 100 3) Net condemnation award $11,900 $11,900 4) Adjusted basis:       ½ of original cost, $25,000 $12,500 $12,500   Plus: ½ of cost of roof, $1,000 500 500   Total $13,000 $13,000 5) Minus: Depreciation   4,600 6) Adjusted basis, business part   $8,400 7) (Loss) on residential property ($1,100)   8) Gain on business property $3,500 The loss on the residential part of the property is not deductible. 2011 tax forms 1040ez Postponement of Gain Do not report the gain on condemned property if you receive only property that is similar or related in service or use to the condemned property. 2011 tax forms 1040ez Your basis for the new property is the same as your basis for the old. 2011 tax forms 1040ez Money or unlike property received. 2011 tax forms 1040ez   You ordinarily must report the gain if you receive money or unlike property. 2011 tax forms 1040ez You can elect to postpone reporting the gain if you buy property that is similar or related in service or use to the condemned property within the replacement period, discussed later. 2011 tax forms 1040ez You also can elect to postpone reporting the gain if you buy a controlling interest (at least 80%) in a corporation owning property that is similar or related in service or use to the condemned property. 2011 tax forms 1040ez See Controlling interest in a corporation, later. 2011 tax forms 1040ez   To postpone reporting all the gain, you must buy replacement property costing at least as much as the amount realized for the condemned property. 2011 tax forms 1040ez If the cost of the replacement property is less than the amount realized, you must report the gain up to the unspent part of the amount realized. 2011 tax forms 1040ez   The basis of the replacement property is its cost, reduced by the postponed gain. 2011 tax forms 1040ez Also, if your replacement property is stock in a corporation that owns property similar or related in service or use, the corporation generally will reduce its basis in its assets by the amount by which you reduce your basis in the stock. 2011 tax forms 1040ez See Controlling interest in a corporation, later. 2011 tax forms 1040ez You can use Part 3 of Table 1-3 to figure the gain you must report and your postponed gain. 2011 tax forms 1040ez Postponing gain on severance damages. 2011 tax forms 1040ez   If you received severance damages for part of your property because another part was condemned and you buy replacement property, you can elect to postpone reporting gain. 2011 tax forms 1040ez See Treatment of severance damages, earlier. 2011 tax forms 1040ez You can postpone reporting all your gain if the replacement property costs at least as much as your net severance damages plus your net condemnation award (if resulting in gain). 2011 tax forms 1040ez   You also can make this election if you spend the severance damages, together with other money you received for the condemned property (if resulting in gain), to acquire nearby property that will allow you to continue your business. 2011 tax forms 1040ez If suitable nearby property is not available and you are forced to sell the remaining property and relocate in order to continue your business, see Postponing gain on the sale of related property, next. 2011 tax forms 1040ez   If you restore the remaining property to its former usefulness, you can treat the cost of restoring it as the cost of replacement property. 2011 tax forms 1040ez Postponing gain on the sale of related property. 2011 tax forms 1040ez   If you sell property that is related to the condemned property and then buy replacement property, you can elect to postpone reporting gain on the sale. 2011 tax forms 1040ez You must meet the requirements explained earlier under Related property voluntarily sold. 2011 tax forms 1040ez You can postpone reporting all your gain if the replacement property costs at least as much as the amount realized from the sale plus your net condemnation award (if resulting in gain) plus your net severance damages, if any (if resulting in gain). 2011 tax forms 1040ez Buying replacement property from a related person. 2011 tax forms 1040ez   Certain taxpayers cannot postpone reporting gain from a condemnation if they buy the replacement property from a related person. 2011 tax forms 1040ez For information on related persons, see Nondeductible Loss under Sales and Exchanges Between Related Persons in chapter 2. 2011 tax forms 1040ez   This rule applies to the following taxpayers. 2011 tax forms 1040ez C corporations. 2011 tax forms 1040ez Partnerships in which more than 50% of the capital or profits interest is owned by  C corporations. 2011 tax forms 1040ez All others (including individuals, partnerships (other than those in (2)), and S corporations) if the total realized gain for the tax year on all involuntarily converted properties on which there is realized gain of more than $100,000. 2011 tax forms 1040ez   For taxpayers described in (3) above, gains cannot be offset with any losses when determining whether the total gain is more than $100,000. 2011 tax forms 1040ez If the property is owned by a partnership, the $100,000 limit applies to the partnership and each partner. 2011 tax forms 1040ez If the property is owned by an S corporation, the $100,000 limit applies to the S corporation and each shareholder. 2011 tax forms 1040ez Exception. 2011 tax forms 1040ez   This rule does not apply if the related person acquired the property from an unrelated person within the replacement period. 2011 tax forms 1040ez Advance payment. 2011 tax forms 1040ez   If you pay a contractor in advance to build your replacement property, you have not bought replacement property unless it is finished before the end of the replacement period (discussed later). 2011 tax forms 1040ez Replacement property. 2011 tax forms 1040ez   To postpone reporting gain, you must buy replacement property for the specific purpose of replacing your condemned property. 2011 tax forms 1040ez You do not have to use the actual funds from the condemnation award to acquire the replacement property. 2011 tax forms 1040ez Property you acquire by gift or inheritance does not qualify as replacement property. 2011 tax forms 1040ez Similar or related in service or use. 2011 tax forms 1040ez   Your replacement property must be similar or related in service or use to the property it replaces. 2011 tax forms 1040ez   If the condemned property is real property you held for productive use in your trade or business or for investment (other than property held mainly for sale), like-kind property to be held either for productive use in trade or business or for investment will be treated as property similar or related in service or use. 2011 tax forms 1040ez For a discussion of like-kind property, see Like-Kind Property under Like-Kind Exchanges, later. 2011 tax forms 1040ez Owner-user. 2011 tax forms 1040ez   If you are an owner-user, similar or related in service or use means that replacement property must function in the same way as the property it replaces. 2011 tax forms 1040ez Example. 2011 tax forms 1040ez Your home was condemned and you invested the proceeds from the condemnation in a grocery store. 2011 tax forms 1040ez Your replacement property is not similar or related in service or use to the condemned property. 2011 tax forms 1040ez To be similar or related in service or use, your replacement property must also be used by you as your home. 2011 tax forms 1040ez Owner-investor. 2011 tax forms 1040ez   If you are an owner-investor, similar or related in service or use means that any replacement property must have the same relationship of services or uses to you as the property it replaces. 2011 tax forms 1040ez You decide this by determining all the following information. 2011 tax forms 1040ez Whether the properties are of similar service to you. 2011 tax forms 1040ez The nature of the business risks connected with the properties. 2011 tax forms 1040ez What the properties demand of you in the way of management, service, and relations to your tenants. 2011 tax forms 1040ez Example. 2011 tax forms 1040ez You owned land and a building you rented to a manufacturing company. 2011 tax forms 1040ez The building was condemned. 2011 tax forms 1040ez During the replacement period, you had a new building built on other land you already owned. 2011 tax forms 1040ez You rented out the new building for use as a wholesale grocery warehouse. 2011 tax forms 1040ez The replacement property is also rental property, so the two properties are considered similar or related in service or use if there is a similarity in all the following areas. 2011 tax forms 1040ez Your management activities. 2011 tax forms 1040ez The amount and kind of services you provide to your tenants. 2011 tax forms 1040ez The nature of your business risks connected with the properties. 2011 tax forms 1040ez Leasehold replaced with fee simple property. 2011 tax forms 1040ez   Fee simple property you will use in your trade or business or for investment can qualify as replacement property that is similar or related in service or use to a condemned leasehold if you use it in the same business and for the identical purpose as the condemned leasehold. 2011 tax forms 1040ez   A fee simple property interest generally is a property interest that entitles the owner to the entire property with unconditional power to dispose of it during his or her lifetime. 2011 tax forms 1040ez A leasehold is property held under a lease, usually for a term of years. 2011 tax forms 1040ez Outdoor advertising display replaced with real property. 2011 tax forms 1040ez   You can elect to treat an outdoor advertising display as real property. 2011 tax forms 1040ez If you make this election and you replace the display with real property in which you hold a different kind of interest, your replacement property can qualify as like-kind property. 2011 tax forms 1040ez For example, real property bought to replace a destroyed billboard and leased property on which the billboard was located qualify as property of a like-kind. 2011 tax forms 1040ez   You can make this election only if you did not claim a section 179 deduction for the display. 2011 tax forms 1040ez You cannot cancel this election unless you get the consent of the IRS. 2011 tax forms 1040ez   An outdoor advertising display is a sign or device rigidly assembled and permanently attached to the ground, a building, or any other permanent structure used to display a commercial or other advertisement to the public. 2011 tax forms 1040ez Substituting replacement property. 2011 tax forms 1040ez   Once you designate certain property as replacement property on your tax return, you cannot substitute other qualified property. 2011 tax forms 1040ez But, if your previously designated replacement property does not qualify, you can substitute qualified property if you acquire it within the replacement period. 2011 tax forms 1040ez Controlling interest in a corporation. 2011 tax forms 1040ez   You can replace property by acquiring a controlling interest in a corporation that owns property similar or related in service or use to your condemned property. 2011 tax forms 1040ez You have controlling interest if you own stock having at least 80% of the combined voting power of all classes of stock entitled to vote and at least 80% of the total number of shares of all other classes of stock of the corporation. 2011 tax forms 1040ez Basis adjustment to corporation's property. 2011 tax forms 1040ez   The basis of property held by the corporation at the time you acquired control must be reduced by your postponed gain, if any. 2011 tax forms 1040ez You are not required to reduce the adjusted basis of the corporation's properties below your adjusted basis in the corporation's stock (determined after reduction by your postponed gain). 2011 tax forms 1040ez   Allocate this reduction to the following classes of property in the order shown below. 2011 tax forms 1040ez Property that is similar or related in service or use to the condemned property. 2011 tax forms 1040ez Depreciable property not reduced in (1). 2011 tax forms 1040ez All other property. 2011 tax forms 1040ez If two or more properties fall in the same class, allocate the reduction to each property in proportion to the adjusted basis of all the properties in that class. 2011 tax forms 1040ez The reduced basis of any single property cannot be less than zero. 2011 tax forms 1040ez Main home replaced. 2011 tax forms 1040ez   If your gain from a condemnation of your main home is more than you can exclude from your income (see Main home condemned under Gain or Loss From Condemnations, earlier), you can postpone reporting the rest of the gain by buying replacement property that is similar or related in service or use. 2011 tax forms 1040ez The replacement property must cost at least as much as the amount realized from the condemnation minus the excluded gain. 2011 tax forms 1040ez   You must reduce the basis of your replacement property by the postponed gain. 2011 tax forms 1040ez Also, if you postpone reporting any part of your gain under these rules, you are treated as having owned and used the replacement property as your main home for the period you owned and used the condemned property as your main home. 2011 tax forms 1040ez Example. 2011 tax forms 1040ez City authorities condemned your home that you had used as a personal residence for 5 years prior to the condemnation. 2011 tax forms 1040ez The city paid you a condemnation award of $400,000. 2011 tax forms 1040ez Your adjusted basis in the property was $80,000. 2011 tax forms 1040ez You realize a gain of $320,000 ($400,000 − $80,000). 2011 tax forms 1040ez You purchased a new home for $100,000. 2011 tax forms 1040ez You can exclude $250,000 of the realized gain from your gross income. 2011 tax forms 1040ez The amount realized is then treated as being $150,000 ($400,000 − $250,000) and the gain realized is $70,000 ($150,000 amount realized − $80,000 adjusted basis). 2011 tax forms 1040ez You must recognize $50,000 of the gain ($150,000 amount realized − $100,000 cost of new home). 2011 tax forms 1040ez The remaining $20,000 of realized gain is postponed. 2011 tax forms 1040ez Your basis in the new home is $80,000 ($100,000 cost − $20,000 gain postponed). 2011 tax forms 1040ez Replacement period. 2011 tax forms 1040ez   To postpone reporting your gain from a condemnation, you must buy replacement property within a certain period of time. 2011 tax forms 1040ez This is the replacement period. 2011 tax forms 1040ez   The replacement period for a condemnation begins on the earlier of the following dates. 2011 tax forms 1040ez The date on which you disposed of the condemned property. 2011 tax forms 1040ez The date on which the threat of condemnation began. 2011 tax forms 1040ez   The replacement period generally ends 2 years after the end of the first tax year in which any part of the gain on the condemnation is realized. 2011 tax forms 1040ez However, see the exceptions below. 2011 tax forms 1040ez Three-year replacement period for certain property. 2011 tax forms 1040ez   If real property held for use in a trade or business or for investment (not including property held primarily for sale) is condemned, the replacement period ends 3 years after the end of the first tax year in which any part of the gain on the condemnation is realized. 2011 tax forms 1040ez However, this 3-year replacement period cannot be used if you replace the condemned property by acquiring control of a corporation owning property that is similar or related in service or use. 2011 tax forms 1040ez Five-year replacement period for certain property. 2011 tax forms 1040ez   The replacement period ends 5 years after the end of the first tax year in which any part of the gain is realized on the compulsory or involuntary conversion of the following qualified property. 2011 tax forms 1040ez Property in any Midwestern disaster area compulsorily or involuntarily converted on or after the applicable disaster date as a result of severe storms, tornadoes, or flooding, but only if substantially all of the use of the replacement property is in a Midwestern disaster area. 2011 tax forms 1040ez Property in the Kansas disaster area compulsorily or involuntarily converted after May 3, 2007, but only if substantially all of the use of the replacement property is in the Kansas disaster area. 2011 tax forms 1040ez Property in the Hurricane Katrina disaster area compulsorily or involuntarily converted after August 24, 2005, as a result of Hurricane Katrina, but only if substantially all of the use of the replacement property is in the Hurricane Katrina disaster area. 2011 tax forms 1040ez Extended replacement period for taxpayers affected by other federally declared disasters. 2011 tax forms 1040ez    If you are affected by a federally declared disaster, the IRS may grant disaster relief by extending the periods to perform certain tax-related acts for 2013, including the replacement period, by up to one year. 2011 tax forms 1040ez For more information visit www. 2011 tax forms 1040ez irs. 2011 tax forms 1040ez gov/uac/Tax-Relief-in-Disaster-Situations. 2011 tax forms 1040ez Weather-related sales of livestock in an area eligible for federal assistance. 2011 tax forms 1040ez   Generally, if the sale or exchange of livestock is due to drought, flood, or other weather-related conditions in an area eligible for federal assistance, the replacement period ends 4 years after the close of the first tax year in which you realize any part of your gain from the sale or exchange. 2011 tax forms 1040ez    If the weather-related conditions continue for longer than 3 years, the replacement period may be extended on a regional basis until the end of your first drought-free year for the applicable region. 2011 tax forms 1040ez See Notice 2006-82. 2011 tax forms 1040ez You can find Notice 2006-82 on page 529 of Internal Revenue Bulletin 2006-39 at www. 2011 tax forms 1040ez irs. 2011 tax forms 1040ez gov/irb/2006-39_IRB/ar13. 2011 tax forms 1040ez html. 2011 tax forms 1040ez    Each year, the IRS publishes a list of counties, districts, cities, or parishes for which exceptional, extreme, or severe drought was reported during the preceding 12 months. 2011 tax forms 1040ez If you qualified for a 4-year replacement period for livestock sold or exchanged on account of drought and your replacement period is scheduled to expire at the end of 2013 (or at the end of the tax year that includes August 31, 2013), see Notice 2013-62. 2011 tax forms 1040ez You can find Notice 2013-62 on page 466 of Internal Revenue Bulletin 2013-45 at www. 2011 tax forms 1040ez irs. 2011 tax forms 1040ez gov/irb/2013-45_IRB/ar04. 2011 tax forms 1040ez html. 2011 tax forms 1040ez The replacement period will be extended under Notice 2006-82 if the applicable region is on the list included in Notice 2013-62. 2011 tax forms 1040ez Determining when gain is realized. 2011 tax forms 1040ez   If you are a cash basis taxpayer, you realize gain when you receive payments that are more than your basis in the property. 2011 tax forms 1040ez If the condemning authority makes deposits with the court, you realize gain when you withdraw (or have the right to withdraw) amounts that are more than your basis. 2011 tax forms 1040ez   This applies even if the amounts received are only partial or advance payments and the full award has not yet been determined. 2011 tax forms 1040ez A replacement will be too late if you wait for a final determination that does not take place in the applicable replacement period after you first realize gain. 2011 tax forms 1040ez   For accrual basis taxpayers, gain (if any) accrues in the earlier year when either of the following occurs. 2011 tax forms 1040ez All events have occurred that fix the right to the condemnation award and the amount can be determined with reasonable accuracy. 2011 tax forms 1040ez All or part of the award is actually or constructively received. 2011 tax forms 1040ez For example, if you have an absolute right to a part of a condemnation award when it is deposited with the court, the amount deposited accrues in the year the deposit is made even though the full amount of the award is still contested. 2011 tax forms 1040ez Replacement property bought before the condemnation. 2011 tax forms 1040ez   If you buy your replacement property after there is a threat of condemnation but before the actual condemnation and you still hold the replacement property at the time of the condemnation, you have bought your replacement property within the replacement period. 2011 tax forms 1040ez Property you acquire before there is a threat of condemnation does not qualify as replacement property acquired within the replacement period. 2011 tax forms 1040ez Example. 2011 tax forms 1040ez On April 3, 2012, city authorities notified you that your property would be condemned. 2011 tax forms 1040ez On June 5, 2012, you acquired property to replace the property to be condemned. 2011 tax forms 1040ez You still had the new property when the city took possession of your old property on September 4, 2013. 2011 tax forms 1040ez You have made a replacement within the replacement period. 2011 tax forms 1040ez Extension. 2011 tax forms 1040ez   You can request an extension of the replacement period from the IRS director for your area. 2011 tax forms 1040ez You should apply before the end of the replacement period. 2011 tax forms 1040ez Your request should explain in detail why you need an extension. 2011 tax forms 1040ez The IRS will consider a request filed within a reasonable time after the replacement period if you can show reasonable cause for the delay. 2011 tax forms 1040ez An extension of the replacement period will be granted if you can show reasonable cause for not making the replacement within the regular period. 2011 tax forms 1040ez   Ordinarily, requests for extensions are granted near the end of the replacement period or the extended replacement period. 2011 tax forms 1040ez Extensions are usually limited to a period of 1 year or less. 2011 tax forms 1040ez The high market value or scarcity of replacement property is not a sufficient reason for granting an extension. 2011 tax forms 1040ez If your replacement property is being built and you clearly show that the replacement or restoration cannot be made within the replacement peri
Español

State Government

Visit the government website for each state, the District of Columbia, and U.S. territories and associated states.

The 2011 Tax Forms 1040ez

2011 tax forms 1040ez 16. 2011 tax forms 1040ez   Cómo Declarar Ganancias y Pérdidas Table of Contents Qué Hay de Nuevo Introduction Useful Items - You may want to see: Cómo Declarar Ganancias y Pérdidas de CapitalExcepción 1. 2011 tax forms 1040ez Excepción 2. 2011 tax forms 1040ez Presente el Formulario 1099-B o el Formulario 1099-S al IRS. 2011 tax forms 1040ez Pérdidas de Capital Tasas Impositivas sobre Ganancias de Capital Qué Hay de Nuevo Tasas máximas de ganancias de capital. 2011 tax forms 1040ez  Para el año 2013, las tasas máximas de ganancias de capital son del 0%, 15%, 20%, 25% y 28%. 2011 tax forms 1040ez Introduction En este capítulo se explica cómo declarar ganancias y pérdidas de capital provenientes de ventas, intercambios y otras enajenaciones de bienes de inversión en el Formulario 8949 y el Anexo D (Formulario 1040). 2011 tax forms 1040ez Esta explicación abarca los siguientes temas: Cómo declarar ganancias y pérdidas a corto plazo. 2011 tax forms 1040ez Cómo declarar ganancias y pérdidas a largo plazo. 2011 tax forms 1040ez Cómo calcular pérdidas de capital que se van a trasladar al año siguiente. 2011 tax forms 1040ez Cómo calcular los impuestos sobre una ganancia neta de capital. 2011 tax forms 1040ez Si vende o de otro modo enajena bienes utilizados en una ocupación o negocio o en la producción de ingresos, vea la Publicación 544, Sales and Other Dispositions of Assets (Ventas y otras enajenaciones de activos), en inglés, antes de completar el Anexo D (Formulario 1040). 2011 tax forms 1040ez Useful Items - You may want to see: Publicación 537 Installment Sales (Ventas a plazos), en inglés 544 Sales and Other Dispositions of Assets (Ventas y otras enajenaciones de activos), en inglés 550 Investment Income and Expenses (Ingresos y gastos de inversión), en inglés Formulario (e Instrucciones) 4797 Sales of Business Property (Ventas de bienes comerciales), en inglés 6252 Installment Sale Income (Ingresos de ventas a plazos), en inglés 8582 Passive Activity Loss Limitations (Limitaciones de pérdidas en actividades pasivas), en inglés 8949 Sales and Other Dispositions of Capital Assets (Ventas y otras enajenaciones de activos de capital, en inglés) Anexo D (Formulario 1040) Capital Gains and Losses (Ganancias y pérdidas de capital), en inglés Cómo Declarar Ganancias y Pérdidas de Capital Declare sus ganancias y pérdidas de capital en el Formulario 8949. 2011 tax forms 1040ez Complete el Formulario 8949 antes de completar las líneas 1b, 2, 3, 8b, 9 ó 10 del Anexo D (Formulario 1040). 2011 tax forms 1040ez Use el Formulario 8949 para declarar: La venta o intercambio de un activo de capital, la cual no se declaró en ningún otro formulario o anexo, Ganancias por canjes involuntarios (aparte de cuando se deba a un hecho fortuito o un robo) de activos de capital que no sirven para propósitos de negocio o lucro y Deudas incobrables que no provienen del negocio. 2011 tax forms 1040ez Use el Anexo D (Formulario 1040): Para calcular la ganancia o pérdida total de las transacciones declaradas en el Formulario 8949; Para declarar una ganancia proveniente del Formulario 6252 o de la Parte I del Formulario 4797; Para declarar una ganancia o pérdida proveniente del Formulario 4684, 6781 u 8824; Para declarar distribuciones de ganancias de capital no declaradas directamente en el Formulario 1040 o en el Formulario 1040A; Para declarar una pérdida de capital trasladada del año tributario anterior al año tributario actual; Para declarar su parte de una ganancia (o pérdida) de una sociedad colectiva, sociedad anónima de tipo S, caudal hereditario o fideicomiso; Para declarar las transacciones informadas a usted en el Formulario 1099-B (o documento sustitutivo), el cual muestra las bases informadas al IRS y al cual no corresponde ninguno de los ajustes o códigos del Formulario 8949; y Para declarar ganancias de capital a largo plazo no distribuidas provenientes del Formulario 2439. 2011 tax forms 1040ez Anote en el Formulario 8949 todas las ventas e intercambios de activos de capital (incluyendo acciones, bonos, etc. 2011 tax forms 1040ez ) y de bienes raíces (si no se declararon en el Formulario 4684, 4797, 6252, 6781 u 8824 o la línea 1a u 8a del Anexo D). 2011 tax forms 1040ez Declare estas transacciones aun si usted no recibió un Formulario 1099-B o 1099-S (u otra declaración sustitutiva) para la transacción. 2011 tax forms 1040ez Declare las ganancias o pérdidas a corto plazo en la Parte I. 2011 tax forms 1040ez Declare ganancias y pérdidas a largo plazo en la Parte II. 2011 tax forms 1040ez Use cuantos Formularios 8949 sean necesarios. 2011 tax forms 1040ez Excepciones a la presentación del Formulario 8949 y el Anexo D (Formulario 1040). 2011 tax forms 1040ez   Hay ciertas circunstancias bajo las cuales usted tal vez no tenga que presentar el Formulario 8949 ni el Anexo D (Formulario 1040). 2011 tax forms 1040ez Excepción 1. 2011 tax forms 1040ez   Usted no tiene que presentar el Formulario 8949 ni el Anexo D (Formulario 1040) si no tiene pérdidas de capital y sus únicas ganancias de capital son distribuciones de ganancia de capital correspondientes al (los) recuadro(s) 2a del (de los) Formulario(s) 1099-DIV (o declaraciones sustitutivas). 2011 tax forms 1040ez (Si alguno de los Formularios 1099-DIV (o declaraciones sustitutivas) que usted recibe indica una cifra en el recuadro 2b (ganancias no recuperadas conforme a la sección 1250), el recuadro 2c (ganancias conforme a la sección 1202) o el recuadro 2d (ganancias (tasas de 28%) por la venta de objetos coleccionables, usted no reúne los requisitos para esta excepción). 2011 tax forms 1040ez Si reúne los requisitos para esta excepción, declare sus distribuciones de ganancia de capital directamente en la línea 13 del Formulario 1040 y marque el recuadro en la línea 13. 2011 tax forms 1040ez También debe utillizar la Qualified Dividends and Capital Gain Tax Worksheet (Hoja de trabajo para impuestos sobre dividendos y ganancias de capital), que encontrará en las Instrucciones del Formulario 1040, para calcular su impuesto. 2011 tax forms 1040ez Usted pede declarar sus distribuciones de ganancias de capital en la línea 10 del Formulario 1040A, en vez del Formulario 1040, si ninguno de los Formularios 1099-DIV (o declaraciones sustitutivas) que usted recibió indica una cifra en los recuadros 2b, 2c o 2d y usted no tiene que presentar el Formulario 1040. 2011 tax forms 1040ez Excepción 2. 2011 tax forms 1040ez   Usted tiene que presentar el Anexo D (Formulario 1040), pero por lo general no tiene que presentar el Formulario 8949 si la Excepción 1 no le corresponde y sus únicas ganancias y pérdidas de capital son: Distribuciones de ganancias de capital; Una pérdida de capital trasladada de un año anterior; Una ganancia correspondiente al Formulario 2439 ó 6252, o de la Parte I del Formulario 4797; Una ganancia o pérdida correspondiente al Formulario 4684, 6781 u 8824; Una ganancia o pérdida de una sociedad colectiva, sociedad anónima de tipo S, un caudal hereditario o fideicomiso; Ganancias y pérdidas de transacciones por las cuales usted recibió el Formulario 1099-B (o un documento sustitutivo), el cual muestra las bases informadas al IRS y por lo cual no necesita hacer ningún ajuste en la columna (g) del Formulario 8949 ni anotar ningún código en la columna (f) del Formulario 8949. 2011 tax forms 1040ez Ventas a plazos. 2011 tax forms 1040ez   No puede utilizar el método de pago a plazos para declarar una ganancia proveniente de la venta de acciones o valores bursátiles cotizados en un mercado de valores bursátiles establecido. 2011 tax forms 1040ez Tiene que declarar la totalidad de la ganancia en el año de la venta (el año en el que ocurra la fecha de canje). 2011 tax forms 1040ez Ganancias y pérdidas provenientes de una actividad pasiva. 2011 tax forms 1040ez    Si tiene pérdidas o ganancias provenientes de una actividad pasiva, es posible que tenga que declararlas también en el Formulario 8582. 2011 tax forms 1040ez En ciertos casos, la pérdida puede ser limitada conforme a las reglas de actividad pasiva. 2011 tax forms 1040ez Consulte el Formulario 8582 y sus instrucciones correspondientes por separado para obtener información adicional sobre la declaración de ganancias y pérdidas de capital producto de una actividad pasiva. 2011 tax forms 1040ez Transacciones que se declaran en el Formulario 1099-B. 2011 tax forms 1040ez   Si vendió bienes, como acciones, bonos o ciertos productos de consumo bursátiles, a través de un agente corredor bursátil, éste debe entregarle un Formulario 1099-B o documento sustitutivo. 2011 tax forms 1040ez Utilice el Formulario 1099-B o el documento sustitutivo para completar el Formulario 8949. 2011 tax forms 1040ez Si usted vendió un valor bursátil garantizado en 2013, su agente corredor bursátil le mandará un Formulario 1099-B (o declaración sustitutiva) que le indica la base. 2011 tax forms 1040ez Esto le ayudará a completar el Formulario 8949. 2011 tax forms 1040ez Por lo general, los valores bursátiles garantizados son aquéllos que usted adquirió después del año 2010. 2011 tax forms 1040ez   Declare las ganancias brutas que aparezcan en el recuadro 2a del Formulario 1099-B como el precio de venta en la columna (d) de la Parte I o la Parte II del Formulario 8949, según le corresponda a su caso. 2011 tax forms 1040ez No obstante, si el agente corredor bursátil indica, en el recuadro 2a del Formulario 1099-B, haber declarado al IRS las ganancias brutas (precio de venta) menos comisiones y primas de opciones, anote el precio neto de venta resultante en la columna (d) de la Parte I o de la Parte II del Formulario 8949, según le corresponda a su caso. 2011 tax forms 1040ez   Incluya en la columna (g) todo gasto de venta, tal como honorarios de agente corredor bursátil, comisiones, impuestos de traspaso locales y estatales y primas de opciones, a menos que usted haya declarado el precio neto de venta en la columna (d). 2011 tax forms 1040ez Si incluye un gasto de venta en la columna (g), anote “E” en la columna (f). 2011 tax forms 1040ez Transacciones que se declaran en el Formulario 1099-CAP. 2011 tax forms 1040ez   Si es dueño de acciones de una sociedad anónima en cuyo control o estructura de capital haya habido cambios importantes, dicha sociedad debe enviarle el Formulario 1099-CAP o documento sustitutivo. 2011 tax forms 1040ez Utilice el Formulario 1099-CAP o documento sustitutivo para completar el Formulario 8949. 2011 tax forms 1040ez Si sus cálculos indican que, debido al cambio, usted tendría una pérdida, no anote ninguna cantidad en el Formulario 8949 ni en el Anexo D (Formulario 1040). 2011 tax forms 1040ez Esta transacción no le da la posibilidad de declarar una pérdida en el Anexo D (Formulario 1040). 2011 tax forms 1040ez   Declare el total de la cantidad recibida indicado en el recuadro 2 del Formulario 1099-CAP como el precio de venta en la columna (d) de la Parte I o de la Parte II del Formulario 8949, según le corresponda a su caso. 2011 tax forms 1040ez Transacciones que se declaran en el Formulario 1099-S. 2011 tax forms 1040ez   Si vendió o canjeó bienes raíces que han de declararse, normalmente la persona encargada de comunicar transacciones de bienes raíces debe entregarle un Formulario 1099-S en el que se indiquen las ganancias brutas. 2011 tax forms 1040ez    “Bienes raíces que han de declararse” son toda participación en una propiedad actual o futura en cualesquiera de los siguientes casos: Terrenos con o sin mejoras, incluido el espacio aéreo; Estructuras intrínsecamente permanentes, incluido todo edificio residencial, comercial o industrial; Una unidad de condominio y sus instalaciones accesorias y elementos comunes, incluido el terreno; y Acciones de cooperativa de viviendas en sociedad anónima (como se define en la sección 216 del Código de Impuestos Internos). 2011 tax forms 1040ez   Una “persona encargada de comunicar transacciones de bienes raíces” puede ser el abogado del comprador, el abogado de usted, una compañía de escrituras de propiedad o de cuentas en depósito, un prestamista hipotecario, el agente corredor bursátil de usted, el agente corredor bursátil del comprador o la persona que adquiera la mayor participación en la propiedad. 2011 tax forms 1040ez   El Formulario 1099-S indicará las ganancias brutas de la venta o el intercambio en el recuadro 2. 2011 tax forms 1040ez Consulte las Instrucciones para el Formulario 8949 y las Instrucciones para el Anexo D (Formulario 1040) para saber cómo se declaran estas transacciones e incluirlas en la Parte I o Parte II del Formulario 8949, tal como le corresponda a su caso. 2011 tax forms 1040ez No obstante, declare los intercambios por bienes del mismo tipo en el Formulario 8824. 2011 tax forms 1040ez   Es ilegal que una persona encargada de comunicar transacciones de bienes raíces le cobre un cargo por separado por cumplir con el requisito de presentación del Formulario 1099-S. 2011 tax forms 1040ez Nominatarios. 2011 tax forms 1040ez   Si recibe ganancias brutas como nominatario (es decir, las ganancias brutas están a nombre suyo pero en realidad pertenecen a otra persona), vea las Instrucciones para el Formulario 8949, para saber cómo declarar estas cantidades en el Formulario 8949. 2011 tax forms 1040ez Presente el Formulario 1099-B o el Formulario 1099-S al IRS. 2011 tax forms 1040ez   Si recibió ganancias brutas en calidad de nominatario en 2013, tiene que presentar al IRS el Formulario 1099-B o el Formulario 1099-S correspondiente a dichas ganancias. 2011 tax forms 1040ez Envíe el Formulario 1099-B o el Formulario 1099-S junto con el Formulario 1096, Annual Summary and Transmittal of U. 2011 tax forms 1040ez S. 2011 tax forms 1040ez Information Returns (Resumen e informe anual de declaraciones informativas de los Estados Unidos), en inglés, al Centro de Servicio del Servicio de Impuestos Internos que le corresponda a más tardar el 28 de febrero de 2014 (31 de marzo de 2014, si presenta el Formulario 1099-B o el Formulario 1099-S por vía electrónica). 2011 tax forms 1040ez Entregue la Copia B del Formulario 1099-B o del Formulario 1099-S al verdadero dueño de dichas ganancias a más tardar el 18 de febrero de 2014. 2011 tax forms 1040ez En el Formulario 1099-B, usted debe constar como “Payer” (Pagador). 2011 tax forms 1040ez El otro dueño debe constar como “Recipient” (Destinatario). 2011 tax forms 1040ez En el Formulario 1099-S, usted debe constar como “Filer” (Declarante). 2011 tax forms 1040ez El otro dueño debe constar como “Transferor” (Cesionista). 2011 tax forms 1040ez No obstante, usted no tiene que presentar el Formulario 1099-B ni el Formulario 1099-S para mostrar las ganancias de su cónyuge. 2011 tax forms 1040ez Para más información acerca de los requisitos de presentación de ciertas declaraciones informativas y las multas por no presentar (o facilitar) dichas declaraciones, vea las General Instructions for Certain Information Returns (Instrucciones generales para determinadas declaraciones informativas), en inglés. 2011 tax forms 1040ez Si presenta la declaración electrónicamente, vea la Publicación 1220, en inglés. 2011 tax forms 1040ez Venta de bienes comprados en diferentes ocasiones. 2011 tax forms 1040ez   Si vende un paquete de acciones u otros bienes que haya comprado en diferentes ocasiones, declare la pérdida o ganancia a corto plazo procedente de la venta en una fila de la Parte I del Formulario 8949 y anote la pérdida o ganancia a largo plazo en una fila de la Parte II del Formulario 8949. 2011 tax forms 1040ez Escriba “Various” (Varios) en la columna (b) para la “Date acquired” (Fecha de adquisición). 2011 tax forms 1040ez Gastos de venta. 2011 tax forms 1040ez    En la columna (g) del Formulario 8949, incluya todo gasto de venta, como honorarios de agentes corredores bursátiles, comisiones, impuestos estatales y locales sobre traspasos y primas de opciones, a menos que usted haya declarado el precio neto de ventas en la columna (d). 2011 tax forms 1040ez Si usted incluyó un gasto de venta en la columna (g), anote “E” en la columna (f). 2011 tax forms 1040ez   Para más información sobre los ajustes a la base, vea el capítulo 13. 2011 tax forms 1040ez Ganancias y pérdidas a corto plazo. 2011 tax forms 1040ez   Las ganancias o pérdidas de capital sobre la venta o canje de bienes de inversión que haya tenido por 1 año o menos se consideran pérdidas o ganancias de capital a corto plazo. 2011 tax forms 1040ez Declárelas en la Parte I del Formulario 8949. 2011 tax forms 1040ez   Sume su parte de pérdidas o ganancias de capital a corto plazo provenientes de sociedades colectivas, sociedades anónimas de tipo S, caudales hereditarios y fideicomisos, además de toda pérdida de capital a corto plazo que se haya trasladado de un año anterior, con las demás ganancias y pérdidas de capital a corto plazo para calcular la pérdida o ganancia de capital neta a corto plazo en la línea 7 del Anexo D (Formulario 1040). 2011 tax forms 1040ez Ganancias y pérdidas a largo plazo. 2011 tax forms 1040ez    Una ganancia o pérdida de capital sobre la venta o canje de bienes de inversión que haya tenido durante más de 1 año se considera ganancia o pérdida de capital a largo plazo. 2011 tax forms 1040ez Declárela en la Parte II del Formulario 8949. 2011 tax forms 1040ez   Usted debe declarar lo siguiente en la Parte II del Anexo D (Formulario 1040): Ganancias de capital a largo plazo de un fondo mutuo (u otra sociedad inversionista reglamentada) o de una sociedad de inversión inmobiliaria (REIT, por sus siglas en inglés) que no hayan sido distribuidas; Su participación de las ganancias y pérdidas de capital a largo plazo de sociedades colectivas, sociedades anónimas de tipo S, caudales hereditarios y fideicomisos; Toda distribución de ganancia de capital proveniente de fondos mutuos y sociedades de inversión inmobiliaria (REIT) que no se haya declarado directamente en la línea 10 del Formulario 1040A o la línea 13 del Formulario 1040; y Pérdidas de capital a largo plazo trasladadas de un año anterior. 2011 tax forms 1040ez    El resultado que se dé después de sumar dichas cantidades con las demás ganancias de capital a largo plazo y restar las pérdidas de capital a largo plazo es la ganancia o pérdida de capital neta a largo plazo (línea 15 del Anexo D (Formulario 1040)). 2011 tax forms 1040ez Total de la ganancia o pérdida neta. 2011 tax forms 1040ez   Para calcular el total de la ganancia o pérdida neta, sume la ganancia o pérdida de capital neta a corto plazo (línea 7 del Anexo D (Formulario 1040)) con la pérdida o ganancia de capital neta a largo plazo (línea 15 del Anexo D (Formulario 1040)). 2011 tax forms 1040ez Anote el resultado en la línea 16 de la Parte III del Anexo D (Formulario 1040). 2011 tax forms 1040ez Si tiene pérdidas que sobrepasen las ganancias, vea Pérdidas de Capital , que se encuentra a continuación. 2011 tax forms 1040ez Si las líneas 15 y 16 del Anexo D (Formulario 1040) son ganancias y el ingreso sujeto a impuestos en su Formulario 1040 es mayor de cero, vea Tasas Impositivas sobre Ganancias de Capital , más adelante. 2011 tax forms 1040ez Pérdidas de Capital Si las pérdidas de capital son mayores que las ganancias de capital, se puede declarar una deducción por pérdida de capital. 2011 tax forms 1040ez Declare la cantidad de la deducción en la línea 13 del Formulario 1040, anotándola entre paréntesis. 2011 tax forms 1040ez Límite sobre la deducción. 2011 tax forms 1040ez   La deducción por ganancia de capital permisible, calculada en el Anexo D (Formulario 1040), es la cantidad que sea menor de las siguientes: $3,000 ($1,500 si es casado y presenta una declaración por separado) o El total de la pérdida neta tal como aparece en la línea 16 del Anexo D (Formulario 1040). 2011 tax forms 1040ez   Puede usar el total de la pérdida neta para reducir sus ingresos en una cantidad equivalente, hasta el límite de $3,000. 2011 tax forms 1040ez Traslado de pérdida de capital. 2011 tax forms 1040ez   Si el total de la pérdida neta en la línea 16 del Anexo D (Formulario 1040) sobrepasa el límite anual de las deducciones de pérdida de capital, puede trasladar al año siguiente la parte sobrante y tratarla como si hubiera incurrido en la misma durante ese próximo año. 2011 tax forms 1040ez Si una parte de la pérdida sigue sin usarse, puede trasladarla a años posteriores hasta que se agote. 2011 tax forms 1040ez   Cuando calcule una cantidad de pérdida de capital que se trasladará al año siguiente, tiene que tener en cuenta la deducción permisible del año en curso, la haya reclamado o no, e independientemente de si presentó o no una declaración correspondiente al año en curso. 2011 tax forms 1040ez   Cuando traslade una pérdida a un año posterior, ésta sigue siendo una pérdida a largo plazo o corto plazo. 2011 tax forms 1040ez Una pérdida de capital a largo plazo que usted traslade al año tributario siguiente reducirá las ganancias de capital a largo plazo de dicho año antes de reducir las ganancias de capital a corto plazo de dicho año. 2011 tax forms 1040ez Cálculo de la cantidad trasladada al año siguiente. 2011 tax forms 1040ez   La cantidad de la pérdida de capital a trasladarse al año siguiente es la cantidad de pérdida neta total que sea mayor que la cantidad menor entre: La deducción por pérdida de capital permisible durante el año o Sus ingresos sujetos a impuestos aumentados por la deducción por pérdida de capital permisible durante el año y la deducción por exenciones personales. 2011 tax forms 1040ez   Si las deducciones son mayores que sus ingresos brutos del año tributario, utilice los ingresos negativos sujetos a impuestos al calcular la cantidad en el punto (2). 2011 tax forms 1040ez    Complete la Capital Loss Carryover Worksheet (Hoja de trabajo para calcular la pérdida de capital a trasladarse a años posteriores) en las Instrucciones del Anexo D o la Publicación 550, en inglés, para calcular la parte de la pérdida de capital que se pueda trasladar. 2011 tax forms 1040ez Ejemplo. 2011 tax forms 1040ez Roberto y Gloria vendieron valores bursátiles en 2013. 2011 tax forms 1040ez Las ventas dieron por resultado una pérdida de capital de $7,000. 2011 tax forms 1040ez No hicieron otras transacciones de capital. 2011 tax forms 1040ez Sus ingresos sujetos a impuestos fueron $26,000. 2011 tax forms 1040ez En la declaración conjunta de 2013, pueden deducir $3,000. 2011 tax forms 1040ez La parte de la pérdida que no usaron, $4,000 ($7,000 − $3,000), se puede trasladar a 2014. 2011 tax forms 1040ez Si la pérdida de capital hubiera sido $2,000, la deducción por pérdida de capital también habría sido $2,000. 2011 tax forms 1040ez No tendrían cantidad alguna a trasladar al año siguiente. 2011 tax forms 1040ez Utilice primero las pérdidas a corto plazo. 2011 tax forms 1040ez   Cuando calcule la cantidad a trasladarse al año siguiente, utilice primero las pérdidas de capital a corto plazo, aunque haya incurrido en las mismas después de una pérdida de capital a largo plazo. 2011 tax forms 1040ez Si no ha alcanzado el límite de la deducción por pérdidas de capital después de haber utilizado las pérdidas de capital a corto plazo, utilice las pérdidas de capital a largo plazo hasta alcanzar el límite. 2011 tax forms 1040ez Pérdida de capital de un difunto. 2011 tax forms 1040ez    Una pérdida de capital sufrida por una persona en su último año tributario antes de fallecer (o que se haya traspasado de un año anterior a dicho año) se puede deducir sólo en la última declaración del impuesto sobre el ingreso personal que se presente a nombre del difunto. 2011 tax forms 1040ez Los límites de pérdida de capital explicados anteriormente aún corresponden en este caso. 2011 tax forms 1040ez El caudal hereditario (patrimonio) del difunto no puede deducir ninguna parte de la pérdida ni trasladarla a años posteriores. 2011 tax forms 1040ez Declaraciones conjuntas y separadas. 2011 tax forms 1040ez   Si antes usted y su cónyuge presentaban declaraciones por separado y ahora presentan una declaración conjunta, sume las cantidades de pérdida de capital que cada uno de ustedes haya trasladado a un año siguiente. 2011 tax forms 1040ez No obstante, si antes usted y su cónyuge presentaban una declaración conjunta y ahora presentan declaraciones por separado, toda pérdida de capital que se haya trasladado a un año siguiente se puede deducir sólo en la declaración del cónyuge que de hecho sufrió la pérdida. 2011 tax forms 1040ez Tasas Impositivas sobre Ganancias de Capital Las tasas impositivas correspondientes a una ganancia neta de capital suelen ser más bajas que las que corresponden a otros ingresos. 2011 tax forms 1040ez Estas tasas reducidas se conocen como las “tasas máximas de ganancias de capital”. 2011 tax forms 1040ez El término “ganancia neta de capital” designa la cantidad por la que la ganancia neta de capital a largo plazo del año supera la pérdida de capital neta a corto plazo. 2011 tax forms 1040ez Para el año 2013, las tasas máximas correspondientes a ganancias de capital son 0%, 15%, 20%, 25% y 28%. 2011 tax forms 1040ez Vea la Tabla 16-1, para obtener información detallada. 2011 tax forms 1040ez Si para calcular el impuesto utiliza las tasas máximas correspondientes a ganancias de capital y el cálculo normal de impuestos le resulta en unos impuestos más bajos, el cálculo normal de impuestos es el que le corresponde. 2011 tax forms 1040ez Ejemplo. 2011 tax forms 1040ez Su ganancia neta de capital proviene en su totalidad de la venta de artículos coleccionables, por lo tanto, la tasa correspondiente a la ganancia de capital es 28%. 2011 tax forms 1040ez Si de otro modo está sujeto a una tasa menor del 28%, la tasa del 28% no corresponde. 2011 tax forms 1040ez Deducción de los intereses de inversiones. 2011 tax forms 1040ez   Si declara una deducción de intereses de inversiones, tal vez tenga que reducir la cantidad de su ganancia neta de capital que reúna los requisitos para las tasas impositivas sobre ganancias de capital. 2011 tax forms 1040ez Réstele la cantidad de la ganancia neta de capital que opte por incluir en los ingresos de inversiones al calcular el límite de la deducción de los mismos. 2011 tax forms 1040ez Para hacer esto, se utiliza la Schedule D Tax Worksheet (Hoja de trabajo para los impuestos del Anexo D) en las Instrucciones para el Anexo D (Formulario 1040), en inglés, o la Qualified Dividends and Capital Gain Tax Worksheet (Hoja de trabajo para los impuestos sobre dividendos calificados y ganancias de capital), que se encuentra en las instrucciones por separado correspondientes a los Formularios 1040 y 1040A, en inglés. 2011 tax forms 1040ez Para más información acerca del límite de los intereses procedentes de inversiones, vea Interest Expenses (Gastos de intereses) en el capítulo 3 de la Publicación 550, en inglés. 2011 tax forms 1040ez Tabla 16-1. 2011 tax forms 1040ez ¿Cuál es la Tasa Máxima de Ganancias de Capital que le Corresponde? SI la ganancia neta de capital se deriva de . 2011 tax forms 1040ez . 2011 tax forms 1040ez . 2011 tax forms 1040ez ENTONCES la  tasa máxima de  ganancia de capital es . 2011 tax forms 1040ez . 2011 tax forms 1040ez . 2011 tax forms 1040ez una ganancia producto de artículos coleccionables 28% una ganancia, la cual reúne los requisitos, sobre acciones de pequeños negocios calificados menos la exclusión conforme a la sección 1202 28% una ganancia conforme a la sección 1250 no recuperada 25% otra ganancia1 y la tasa impositiva normal correspondiente es 39. 2011 tax forms 1040ez 6% 20% otra ganancia1 y la tasa impositiva normal correspondiente es 25%, 28%, 33% o 35% 15% otra ganancia1 y la tasa impositiva normal correspondiente es 10% o 15% 0% 1 El término “otra ganancia” significa toda ganancia que no sea una ganancia procedente de artículos coleccionables, ganancia sobre acciones de pequeños negocios calificados o una ganancia conforme a la sección 1250 no recuperada. 2011 tax forms 1040ez     Ganancia o pérdida procedente de artículos coleccionables. 2011 tax forms 1040ez   Ésta es una ganancia o pérdida que se deriva de la venta o canje de una obra de arte, alfombra, antigüedad, metal (como oro, plata y platino en barras), piedra preciosa, estampilla o sello, moneda o bebida alcohólica que haya tenido más de 1 año. 2011 tax forms 1040ez   Se considera que una ganancia procedente de artículos coleccionables abarca las ganancias resultantes de la venta de una participación en una sociedad colectiva, sociedad anónima de tipo S o fideicomiso, generadas por una plusvalía no realizada de dichos artículos coleccionables. 2011 tax forms 1040ez Ganancia sobre acciones de pequeños negocios calificados. 2011 tax forms 1040ez    Si obtuvo una ganancia de acciones de pequeños negocios calificados y fue dueño de dichas acciones durante más de 5 años, normalmente puede excluir de los ingresos una parte o la totalidad de su ganancia bajo la sección 1202. 2011 tax forms 1040ez La ganancia que cumple los requisitos, menos la exclusión conforme a la sección 1202, es una ganancia con una tasa de 28%. 2011 tax forms 1040ez Vea Gains on Qualified Small Business Stock (Ganancias de acciones de pequeños negocios calificados) en el capítulo 4 de la Publicación 550, en inglés. 2011 tax forms 1040ez Ganancia conforme a la sección 1250 no recuperada. 2011 tax forms 1040ez    Por lo general, ésta es toda parte de la ganancia de capital que se haya originado por la venta de bienes conforme a la sección 1250 (bienes raíces) debido a depreciación (pero no más que la ganancia neta conforme a la sección 1231) menos toda pérdida neta en el grupo del 28%. 2011 tax forms 1040ez Use la Unrecaptured Section 1250 Gain Worksheet (Hoja de trabajo de ganancias no recuperadas conforme a la sección 1250) de las Instrucciones del Anexo D (Formulario 1040), en inglés, para calcular la ganancia no recuperada conforme a la sección 1250. 2011 tax forms 1040ez Para más información sobre bienes conforme a la sección 1250 y ganancias conforme a la sección 1231, vea el capítulo 3 de la Publicación 544, en inglés. 2011 tax forms 1040ez Cálculo de los impuestos a base de las tasas máximas de ganancias de capital. 2011 tax forms 1040ez   Utilice la Qualified Dividends and Capital Gain Tax Worksheet (Hoja de trabajo para los impuestos sobre dividendos calificados y ganancias de capital) o la Schedule D Tax Worksheet (Hoja de trabajo para los impuestos del Anexo D), la que corresponda, para calcular su impuesto si ha recibido dividendos calificados o ganancia neta de capital. 2011 tax forms 1040ez Tiene ganancia neta de capital si las cantidades de las líneas 15 y 16 del Anexo D ambas son ganancias. 2011 tax forms 1040ez Hoja de trabajo para los impuestos del Anexo D. 2011 tax forms 1040ez   Utilice la Schedule D Tax Worksheet (Hoja de trabajo para los impuestos del Anexo D) que se encuentra en las Instrucciones del Anexo D (Formulario 1040) para calcular el impuesto si se dan las siguientes condiciones: Tiene que presentar el Anexo D (Formulario 1040) y La cantidad de la línea 18 (ganancia a una tasa de 28%) o la línea 19 (ganancia no recuperada conforme a la sección 1250) del Anexo D (Formulario 1040) es mayor de cero. 2011 tax forms 1040ez Hoja de trabajo para el impuesto sobre dividendos calificados y ganancias de capital. 2011 tax forms 1040ez   Utilice la Qualified Dividends and Capital Gain Tax Worksheet (Hoja de trabajo para el impuesto sobre los dividendos calificados y ganancias de capital) de las instrucciones del Formulario 1040 o Formulario 1040A (el que presente) para calcular el impuesto si no tiene que utilizar la Hoja de trabajo para los impuestos del Anexo D (como se explica anteriormente) y corresponde cualquiera de los siguientes puntos: Recibió dividendos calificados. 2011 tax forms 1040ez (Vea Dividendos Calificados en el capítulo 8). 2011 tax forms 1040ez No tiene que presentar el Anexo D (Formulario 1040) y recibió distribuciones de ganancias de capital. 2011 tax forms 1040ez (Vea Excepciones a la presentación del Formulario 8949 y el Anexo D (Formulario 1040) , anteriormente). 2011 tax forms 1040ez Las cantidades de las líneas 15 y 16 del Anexo D (Formulario 1040) son mayores de cero. 2011 tax forms 1040ez Impuesto mínimo alternativo. 2011 tax forms 1040ez   Estas tasas de ganancias de capital se utilizan también para calcular el impuesto mínimo alternativo. 2011 tax forms 1040ez Prev  Up  Next   Home   More Online Publications