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Can I File 2012 Taxes Online

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Can I File 2012 Taxes Online

Can i file 2012 taxes online Publication 597 - Introductory Material Table of Contents Introduction Introduction This publication provides information on the income tax treaty between the United States and Canada. Can i file 2012 taxes online It discusses a number of treaty provisions that often apply to U. Can i file 2012 taxes online S. Can i file 2012 taxes online citizens or residents who may be liable for Canadian tax. Can i file 2012 taxes online Treaty provisions are generally reciprocal (the same rules apply to both treaty countries). Can i file 2012 taxes online Therefore, a Canadian resident who receives income from the United States may refer to this publication to see if a treaty provision may affect the tax to be paid to the United States. Can i file 2012 taxes online This publication does not deal with Canadian income tax laws; nor does it provide Canada's interpretation of treaty articles, definitions, or specific terms not defined in the treaty itself. Can i file 2012 taxes online The United States—Canada income tax treaty was signed on September 26, 1980. Can i file 2012 taxes online It has been amended by five protocols, the most recent of which generally became effective January 1, 2009. Can i file 2012 taxes online In this publication, the term “article” refers to the particular article of the treaty, as amended. Can i file 2012 taxes online Prev  Up  Next   Home   More Online Publications
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Consumer Protection Offices

City, county, regional, and state consumer offices offer a variety of important services. They might mediate complaints, conduct investigations, prosecute offenders of consumer laws, license and regulate professional service providers, provide educational materials and advocate for consumer rights. To save time, call before sending a written complaint. Ask if the office handles the type of complaint you have and if complaint forms are provided.

State Consumer Protection Offices

Wisconsin Department of Agriculture, Trade and Consumer Protection

Website: Wisconsin Department of Agriculture, Trade and Consumer Protection

Address: Wisconsin Department of Agriculture, Trade and Consumer Protection
Bureau of Consumer Protection
PO Box 8911
2811 Agriculture Dr.
Madison, WI 53708-8911

Phone Number: 608-224-4953

Toll-free: 1-800-422-7128 (WI)

TTY: 608-224-5058

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Banking Authorities

The officials listed in this section regulate and supervise state-chartered banks. Many of them handle or refer problems and complaints about other types of financial institutions as well. Some also answer general questions about banking and consumer credit. If you are dealing with a federally chartered bank, check Federal Agencies.

Department of Financial Institutions

Website: Department of Financial Institutions

Address: Department of Financial Institutions
Bureau of Consumer Affairs
PO Box 8041
Madison, WI 53708-8041

Phone Number: 608-264-7969

TTY: 608-266-8818

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Insurance Regulators

Each state has its own laws and regulations for each type of insurance. The officials listed in this section enforce these laws. Many of these offices can also provide you with information to help you make informed insurance buying decisions.

Office of the Commissioner of Insurance

Website: Office of the Commissioner of Insurance

Address: Office of the Commissioner of Insurance
125 S. Webster St.
Madison, WI 53703-3474

Phone Number: 608-266-3585

Toll-free: 1-800-236-8517 (WI)

TTY: 711 and ask for 608-266-3586

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Securities Administrators

Each state has its own laws and regulations for securities brokers and securities - including stocks, mutual funds, commodities, real estate, etc. The officials and agencies listed in this section enforce these laws and regulations. Many of these offices can also provide information to help you make informed investment decisions.

Department of Financial Institutions

Website: Department of Financial Institutions

Address: Department of Financial Institutions
Division of Securities
PO Box 1768
Madison, WI 53701-1768

Phone Number: 608-266-1064

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Utility Commissions

State Utility Commissions regulate services and rates for gas, electricity and telephones within your state. In some states, the utility commissions regulate other services such as water, transportation, and the moving of household goods. Many utility commissions handle consumer complaints. Sometimes, if a number of complaints are received about the same utility matter, they will conduct investigations.

Public Service Commission

Website: Public Service Commission

Address: Public Service Commission
Consumer Affairs Unit
PO Box 7854
Madison, WI 53707-7854

Phone Number: 608-266-2001

Toll-free: 1-800-225-7729

TTY: 608-267-1479

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The Can I File 2012 Taxes Online

Can i file 2012 taxes online 3. Can i file 2012 taxes online   Reporting Rental Income, Expenses, and Losses Table of Contents Which Forms To UseSchedule E (Form 1040) Schedule C (Form 1040), Profit or Loss From Business Qualified Joint Venture Limits on Rental LossesAt-Risk Rules Passive Activity Limits Casualties and Thefts Example Figuring the net income or loss for a residential rental activity may involve more than just listing the income and deductions on Schedule E (Form 1040). Can i file 2012 taxes online There are activities which do not qualify to use Schedule E, such as when the activity is not engaged in to make a profit or when you provide substantial services in conjunction with the property. Can i file 2012 taxes online There are also the limitations which may need to be applied if you have a net loss on Schedule E. Can i file 2012 taxes online There are two: (1) the limitation based on the amount of investment you have at risk in your rental activity, and (2) the special limits imposed on passive activities. Can i file 2012 taxes online You may also have a gain or loss related to your rental property from a casualty or theft. Can i file 2012 taxes online This is considered separately from the income and expense information you report on Schedule E. Can i file 2012 taxes online Which Forms To Use The basic form for reporting residential rental income and expenses is Schedule E (Form 1040). Can i file 2012 taxes online However, do not use that schedule to report a not-for-profit activity. Can i file 2012 taxes online See Not Rented for Profit , in chapter 4. Can i file 2012 taxes online There are also other rental situations in which forms other than Schedule E would be used. Can i file 2012 taxes online Schedule E (Form 1040) If you rent buildings, rooms, or apartments, and provide basic services such as heat and light, trash collection, etc. Can i file 2012 taxes online , you normally report your rental income and expenses on Schedule E, Part I. Can i file 2012 taxes online List your total income, expenses, and depreciation for each rental property. Can i file 2012 taxes online Be sure to enter the number of fair rental and personal use days on line 2. Can i file 2012 taxes online If you have more than three rental or royalty properties, complete and attach as many Schedules E as are needed to list the properties. Can i file 2012 taxes online Complete lines 1 and 2 for each property. Can i file 2012 taxes online However, fill in lines 23a through 26 on only one Schedule E. Can i file 2012 taxes online On Schedule E, page 1, line 18, enter the depreciation you are claiming for each property. Can i file 2012 taxes online To find out if you need to attach Form 4562, see Form 4562 , later. Can i file 2012 taxes online If you have a loss from your rental real estate activity, you also may need to complete one or both of the following forms. Can i file 2012 taxes online Form 6198, At-Risk Limitations. Can i file 2012 taxes online See At-Risk Rules , later. Can i file 2012 taxes online Also see Publication 925. Can i file 2012 taxes online Form 8582, Passive Activity Loss Limitations. Can i file 2012 taxes online See Passive Activity Limits , later. Can i file 2012 taxes online Page 2 of Schedule E is used to report income or loss from partnerships, S corporations, estates, trusts, and real estate mortgage investment conduits. Can i file 2012 taxes online If you need to use page 2 of Schedule E, be sure to use page 2 of the same Schedule E you used to enter your rental activity on page 1. Can i file 2012 taxes online Also, include the amount from line 26 (Part I) in the “Total income or (loss)” on line 41 (Part V). Can i file 2012 taxes online Form 4562. Can i file 2012 taxes online   You must complete and attach Form 4562 for rental activities only if you are claiming: Depreciation, including the special depreciation allowance, on property placed in service during 2013; Depreciation on listed property (such as a car), regardless of when it was placed in service; or Any other car expenses, including the standard mileage rate or lease expenses. Can i file 2012 taxes online Otherwise, figure your depreciation on your own worksheet. Can i file 2012 taxes online You do not have to attach these computations to your return, but you should keep them in your records for future reference. Can i file 2012 taxes online   See Publication 946 for information on preparing Form 4562. Can i file 2012 taxes online Schedule C (Form 1040), Profit or Loss From Business Generally, Schedule C is used when you provide substantial services in conjunction with the property or the rental is part of a trade or business as a real estate dealer. Can i file 2012 taxes online Providing substantial services. Can i file 2012 taxes online   If you provide substantial services that are primarily for your tenant's convenience, such as regular cleaning, changing linen, or maid service, you report your rental income and expenses on Schedule C (Form 1040), Profit or Loss From Business, or Schedule C-EZ (Form 1040), Net Profit From Business. Can i file 2012 taxes online Use Form 1065, U. Can i file 2012 taxes online S. Can i file 2012 taxes online Return of Partnership Income, if your rental activity is a partnership (including a partnership with your spouse unless it is a qualified joint venture). Can i file 2012 taxes online Substantial services do not include the furnishing of heat and light, cleaning of public areas, trash collection, etc. Can i file 2012 taxes online For information, see Publication 334, Tax Guide for Small Business. Can i file 2012 taxes online Also, you may have to pay self-employment tax on your rental income using Schedule SE (Form 1040), Self-Employment Tax. Can i file 2012 taxes online For a discussion of “substantial services,” see Real Estate Rents in Publication 334, chapter 5. Can i file 2012 taxes online Qualified Joint Venture If you and your spouse each materially participate (see Material participation under Passive Activity Limits, later) as the only members of a jointly owned and operated real estate business, and you file a joint return for the tax year, you can make a joint election to be treated as a qualified joint venture instead of a partnership. Can i file 2012 taxes online This election, in most cases, will not increase the total tax owed on the joint return, but it does give each of you credit for social security earnings on which retirement benefits are based and for Medicare coverage if your rental income is subject to self-employment tax. Can i file 2012 taxes online If you make this election, you must report rental real estate income on Schedule E (or Schedule C if you provide substantial services). Can i file 2012 taxes online You will not be required to file Form 1065 for any year the election is in effect. Can i file 2012 taxes online Rental real estate income generally is not included in net earnings from self-employment subject to self-employment tax and generally is subject to the passive activity limits. Can i file 2012 taxes online If you and your spouse filed a Form 1065 for the year prior to the election, the partnership terminates at the end of the tax year immediately preceding the year the election takes effect. Can i file 2012 taxes online For more information on qualified joint ventures, go to IRS. Can i file 2012 taxes online gov and enter “qualified joint venture” in the search box. Can i file 2012 taxes online Limits on Rental Losses If you have a loss from your rental real estate activity, two sets of rules may limit the amount of loss you can deduct. Can i file 2012 taxes online You must consider these rules in the order shown below. Can i file 2012 taxes online Both are discussed in this section. Can i file 2012 taxes online At-risk rules. Can i file 2012 taxes online These rules are applied first if there is investment in your rental real estate activity for which you are not at risk. Can i file 2012 taxes online This applies only if the real property was placed in service after 1986. Can i file 2012 taxes online Passive activity limits. Can i file 2012 taxes online Generally, rental real estate activities are considered passive activities and losses are not deductible unless you have income from other passive activities to offset them. Can i file 2012 taxes online However, there are exceptions. Can i file 2012 taxes online At-Risk Rules You may be subject to the at-risk rules if you have: A loss from an activity carried on as a trade or business or for the production of income, and Amounts invested in the activity for which you are not fully at risk. Can i file 2012 taxes online Losses from holding real property (other than mineral property) placed in service before 1987 are not subject to the at-risk rules. Can i file 2012 taxes online In most cases, any loss from an activity subject to the at-risk rules is allowed only to the extent of the total amount you have at risk in the activity at the end of the tax year. Can i file 2012 taxes online You are considered at risk in an activity to the extent of cash and the adjusted basis of other property you contributed to the activity and certain amounts borrowed for use in the activity. Can i file 2012 taxes online Any loss that is disallowed because of the at-risk limits is treated as a deduction from the same activity in the next tax year. Can i file 2012 taxes online See Publication 925 for a discussion of the at-risk rules. Can i file 2012 taxes online Form 6198. Can i file 2012 taxes online   If you are subject to the at-risk rules, file Form 6198, At-Risk Limitations, with your tax return. Can i file 2012 taxes online Passive Activity Limits In most cases, all rental real estate activities (except those of certain real estate professionals, discussed later) are passive activities. Can i file 2012 taxes online For this purpose, a rental activity is an activity from which you receive income mainly for the use of tangible property, rather than for services. Can i file 2012 taxes online For a discussion of activities that are not considered rental activities, see Rental Activities in Publication 925. Can i file 2012 taxes online Deductions or losses from passive activities are limited. Can i file 2012 taxes online You generally cannot offset income, other than passive income, with losses from passive activities. Can i file 2012 taxes online Nor can you offset taxes on income, other than passive income, with credits resulting from passive activities. Can i file 2012 taxes online Any excess loss or credit is carried forward to the next tax year. Can i file 2012 taxes online Exceptions to the rules for figuring passive activity limits for personal use of a dwelling unit and for rental real estate with active participation are discussed later. Can i file 2012 taxes online For a detailed discussion of these rules, see Publication 925. Can i file 2012 taxes online Real estate professionals. Can i file 2012 taxes online   If you are a real estate professional, complete line 43 of Schedule E. Can i file 2012 taxes online      You qualify as a real estate professional for the tax year if you meet both of the following requirements. Can i file 2012 taxes online More than half of the personal services you perform in all trades or businesses during the tax year are performed in real property trades or businesses in which you materially participate. Can i file 2012 taxes online You perform more than 750 hours of services during the tax year in real property trades or businesses in which you materially participate. Can i file 2012 taxes online If you qualify as a real estate professional, rental real estate activities in which you materially participated are not passive activities. Can i file 2012 taxes online For purposes of determining whether you materially participated in your rental real estate activities, each interest in rental real estate is a separate activity unless you elect to treat all your interests in rental real estate as one activity. Can i file 2012 taxes online   Do not count personal services you perform as an employee in real property trades or businesses unless you are a 5% owner of your employer. Can i file 2012 taxes online You are a 5% owner if you own (or are considered to own) more than 5% of your employer's outstanding stock, or capital or profits interest. Can i file 2012 taxes online   Do not count your spouse's personal services to determine whether you met the requirements listed earlier to qualify as a real estate professional. Can i file 2012 taxes online However, you can count your spouse's participation in an activity in determining if you materially participated. Can i file 2012 taxes online Real property trades or businesses. Can i file 2012 taxes online   A real property trade or business is a trade or business that does any of the following with real property. Can i file 2012 taxes online Develops or redevelops it. Can i file 2012 taxes online Constructs or reconstructs it. Can i file 2012 taxes online Acquires it. Can i file 2012 taxes online Converts it. Can i file 2012 taxes online Rents or leases it. Can i file 2012 taxes online Operates or manages it. Can i file 2012 taxes online Brokers it. Can i file 2012 taxes online Choice to treat all interests as one activity. Can i file 2012 taxes online   If you were a real estate professional and had more than one rental real estate interest during the year, you can choose to treat all the interests as one activity. Can i file 2012 taxes online You can make this choice for any year that you qualify as a real estate professional. Can i file 2012 taxes online If you forgo making the choice for one year, you can still make it for a later year. Can i file 2012 taxes online   If you make the choice, it is binding for the tax year you make it and for any later year that you are a real estate professional. Can i file 2012 taxes online This is true even if you are not a real estate professional in any intervening year. Can i file 2012 taxes online (For that year, the exception for real estate professionals will not apply in determining whether your activity is subject to the passive activity rules. Can i file 2012 taxes online )   See the Instructions for Schedule E for information about making this choice. Can i file 2012 taxes online Material participation. Can i file 2012 taxes online   Generally, you materially participated in an activity for the tax year if you were involved in its operations on a regular, continuous, and substantial basis during the year. Can i file 2012 taxes online For details, see Publication 925 or the Instructions for Schedule C. Can i file 2012 taxes online Participating spouse. Can i file 2012 taxes online   If you are married, determine whether you materially participated in an activity by also counting any participation in the activity by your spouse during the year. Can i file 2012 taxes online Do this even if your spouse owns no interest in the activity or files a separate return for the year. Can i file 2012 taxes online Form 8582. Can i file 2012 taxes online    You may have to complete Form 8582 to figure the amount of any passive activity loss for the current tax year for all activities and the amount of the passive activity loss allowed on your tax return. Can i file 2012 taxes online See Form 8582 not required , later in this chapter, to determine if you must complete Form 8582. Can i file 2012 taxes online   If you are required to complete Form 8582 and are also subject to the at-risk rules, include the amount from Form 6198, line 21 (deductible loss) in column (b) of Form 8582, Worksheet 1 or 3, as required. Can i file 2012 taxes online Exception for Personal Use of Dwelling Unit If you used the rental property as a home during the year, any income, deductions, gain, or loss allocable to such use shall not be taken into account for purposes of the passive activity loss limitation. Can i file 2012 taxes online Instead, follow the rules explained in chapter 5, Personal Use of Dwelling Unit (Including Vacation Home). Can i file 2012 taxes online Exception for Rental Real Estate With Active Participation If you or your spouse actively participated in a passive rental real estate activity, you may be able to deduct up to $25,000 of loss from the activity from your nonpassive income. Can i file 2012 taxes online This special allowance is an exception to the general rule disallowing losses in excess of income from passive activities. Can i file 2012 taxes online Similarly, you may be able to offset credits from the activity against the tax on up to $25,000 of nonpassive income after taking into account any losses allowed under this exception. Can i file 2012 taxes online Example. Can i file 2012 taxes online Jane is single and has $40,000 in wages, $2,000 of passive income from a limited partnership, and $3,500 of passive loss from a rental real estate activity in which she actively participated. Can i file 2012 taxes online $2,000 of Jane's $3,500 loss offsets her passive income. Can i file 2012 taxes online The remaining $1,500 loss can be deducted from her $40,000 wages. Can i file 2012 taxes online The special allowance is not available if you were married, lived with your spouse at any time during the year, and are filing a separate return. Can i file 2012 taxes online Active participation. Can i file 2012 taxes online   You actively participated in a rental real estate activity if you (and your spouse) owned at least 10% of the rental property and you made management decisions or arranged for others to provide services (such as repairs) in a significant and bona fide sense. Can i file 2012 taxes online Management decisions that may count as active participation include approving new tenants, deciding on rental terms, approving expenditures, and other similar decisions. Can i file 2012 taxes online Example. Can i file 2012 taxes online Mike is single and had the following income and losses during the tax year:   Salary $42,300     Dividends 300     Interest 1,400     Rental loss (4,000)   The rental loss was from the rental of a house Mike owned. Can i file 2012 taxes online Mike had advertised and rented the house to the current tenant himself. Can i file 2012 taxes online He also collected the rents, which usually came by mail. Can i file 2012 taxes online All repairs were either made or contracted out by Mike. Can i file 2012 taxes online Although the rental loss is from a passive activity, because Mike actively participated in the rental property management he can use the entire $4,000 loss to offset his other income. Can i file 2012 taxes online Maximum special allowance. Can i file 2012 taxes online   The maximum special allowance is: $25,000 for single individuals and married individuals filing a joint return for the tax year, $12,500 for married individuals who file separate returns for the tax year and lived apart from their spouses at all times during the tax year, and $25,000 for a qualifying estate reduced by the special allowance for which the surviving spouse qualified. Can i file 2012 taxes online   If your modified adjusted gross income (MAGI) is $100,000 or less ($50,000 or less if married filing separately), you can deduct your loss up to the amount specified above. Can i file 2012 taxes online If your MAGI is more than $100,000 (more than $50,000 if married filing separately), your special allowance is limited to 50% of the difference between $150,000 ($75,000 if married filing separately) and your MAGI. Can i file 2012 taxes online   Generally, if your MAGI is $150,000 or more ($75,000 or more if you are married filing separately), there is no special allowance. Can i file 2012 taxes online Modified adjusted gross income (MAGI). Can i file 2012 taxes online   This is your adjusted gross income from Form 1040, U. Can i file 2012 taxes online S. Can i file 2012 taxes online Individual Income Tax Return, line 38, or Form 1040NR, U. Can i file 2012 taxes online S. Can i file 2012 taxes online Nonresident Alien Income Tax Return, line 37, figured without taking into account: The taxable amount of social security or equivalent tier 1 railroad retirement benefits, The deductible contributions to traditional individual retirement accounts (IRAs) and section 501(c)(18) pension plans, The exclusion from income of interest from Series EE and I U. Can i file 2012 taxes online S. Can i file 2012 taxes online savings bonds used to pay higher educational expenses, The exclusion of amounts received under an employer's adoption assistance program, Any passive activity income or loss included on Form 8582, Any rental real estate loss allowed to real estate professionals, Any overall loss from a publicly traded partnership (see Publicly Traded Partnerships (PTPs) in the Instructions for Form 8582), The deduction allowed for one-half of self-employment tax, The deduction allowed for interest paid on student loans, The deduction for qualified tuition and related fees, and The domestic production activities deduction (see the Instructions for Form 8903). Can i file 2012 taxes online Form 8582 not required. Can i file 2012 taxes online   Do not complete Form 8582 if you meet all of the following conditions. Can i file 2012 taxes online Your only passive activities were rental real estate activities in which you actively participated. Can i file 2012 taxes online Your overall net loss from these activities is $25,000 or less ($12,500 or less if married filing separately and you lived apart from your spouse all year). Can i file 2012 taxes online If married filing separately, you lived apart from your spouse all year. Can i file 2012 taxes online You have no prior year unallowed losses from these (or any other passive) activities. Can i file 2012 taxes online You have no current or prior year unallowed credits from passive activities. Can i file 2012 taxes online Your MAGI is $100,000 or less ($50,000 or less if married filing separately and you lived apart from your spouse all year). Can i file 2012 taxes online You do not hold any interest in a rental real estate activity as a limited partner or as a beneficiary of an estate or a trust. Can i file 2012 taxes online   If you meet all of the conditions listed above, your rental real estate activities are not limited by the passive activity rules and you do not have to complete Form 8582. Can i file 2012 taxes online On lines 23a through 23e of your Schedule E, enter the applicable amounts. Can i file 2012 taxes online Casualties and Thefts As a result of a casualty or theft, you may have a loss related to your rental property. Can i file 2012 taxes online You may be able to deduct the loss on your income tax return. Can i file 2012 taxes online Casualty. Can i file 2012 taxes online   This is the damage, destruction, or loss of property resulting from an identifiable event that is sudden, unexpected, or unusual. Can i file 2012 taxes online Such events include a storm, fire, or earthquake. Can i file 2012 taxes online Theft. Can i file 2012 taxes online   This is defined as the unlawful taking and removing of your money or property with the intent to deprive you of it. Can i file 2012 taxes online Gain from casualty or theft. Can i file 2012 taxes online   It is also possible to have a gain from a casualty or theft if you receive money, including insurance, that is more than your adjusted basis in the property. Can i file 2012 taxes online Generally, you must report this gain. Can i file 2012 taxes online However, under certain circumstances, you may defer paying tax by choosing to postpone reporting the gain. Can i file 2012 taxes online To do this, you generally must buy replacement property within 2 years after the close of the first tax year in which any part of your gain is realized. Can i file 2012 taxes online In certain circumstances, the replacement period can be greater than 2 years; see Replacement Period in Publication 547 for more information. Can i file 2012 taxes online The cost of the replacement property must be equal to or more than the net insurance or other payment you received. Can i file 2012 taxes online More information. Can i file 2012 taxes online   For information on business and nonbusiness casualty and theft losses, see Publication 547. Can i file 2012 taxes online How to report. Can i file 2012 taxes online    If you had a casualty or theft that involved property used in your rental activity, figure the net gain or loss in Section B of Form 4684, Casualties and Thefts. Can i file 2012 taxes online Follow the Instructions for Form 4684 for where to carry your net gain or loss. Can i file 2012 taxes online Example In February 2008, Marie Pfister bought a rental house for $135,000 (house $120,000 and land $15,000) and immediately began renting it out. Can i file 2012 taxes online In 2013, she rented it all 12 months for a monthly rental fee of $1,125. Can i file 2012 taxes online In addition to her rental income of $13,500 (12 x $1,125), Marie had the following expenses. Can i file 2012 taxes online Mortgage interest $8,000 Fire insurance (1-year policy) 250 Miscellaneous repairs 400 Real estate taxes imposed and paid 500 Maintenance 200 Marie depreciates the residential rental property under MACRS GDS. Can i file 2012 taxes online This means using the straight line method over a recovery period of 27. Can i file 2012 taxes online 5 years. Can i file 2012 taxes online She uses Table 2-2d to find her depreciation percentage. Can i file 2012 taxes online Because she placed the property in service in February 2008, she continues to use that row of Table 2-2d. Can i file 2012 taxes online For year 6, the rate is 3. Can i file 2012 taxes online 636%. Can i file 2012 taxes online Marie figures her net rental income or loss for the house as follows: Total rental income received  ($1,125 × 12) $13,500 Minus: Expenses     Mortgage interest $8,000   Fire insurance 250   Miscellaneous repairs 400   Real estate taxes 500   Maintenance 200   Total expenses 9,350 Balance $4,150 Minus: Depreciation ($120,000 x 3. Can i file 2012 taxes online 636%) 4,363 Net rental (loss) for house ($213)       Marie had a net loss for the year. Can i file 2012 taxes online Because she actively participated in her passive rental real estate activity and her loss was less than $25,000, she can deduct the loss on her return. Can i file 2012 taxes online Marie also meets all of the requirements for not having to file Form 8582. Can i file 2012 taxes online She uses Schedule E, Part I, to report her rental income and expenses. Can i file 2012 taxes online She enters her income, expenses, and depreciation for the house in the column for Property A and enters her loss on line 22. Can i file 2012 taxes online Form 4562 is not required. Can i file 2012 taxes online Prev  Up  Next   Home   More Online Publications