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File 2012 tax return free Index Symbols 30% Tax, The 30% Tax , Residents of Canada or Mexico engaged in transportation-related employment. File 2012 tax return free , Students, teachers, and researchers. File 2012 tax return free A Accuracy-related penalties, Accuracy-related penalty. File 2012 tax return free Additional Medicare Tax, Additional Medicare Tax. File 2012 tax return free , Additional Medicare Tax. File 2012 tax return free Adoption credit Dual-status alien, Adoption credit. File 2012 tax return free Nonresident alien, Adoption credit. File 2012 tax return free Resident alien, Adoption credit. File 2012 tax return free Agricultural workers, Agricultural workers. File 2012 tax return free , Agricultural Workers Alien Nonresident, Nonresident Aliens, Nonresident Aliens, Nonresident Aliens Resident, Resident Aliens, Resident Aliens, Resident Aliens Alien status, employer notification of, Notification of Alien Status Alternative minimum tax, Alternative minimum tax. 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File 2012 tax return free Business profits and losses and sales transactions, Business Profits and Losses and Sales Transactions Business, U. File 2012 tax return free S. File 2012 tax return free , Trade or Business in the United States Business-activities test, Business-activities test. File 2012 tax return free C Canada Commuters, Regular commuters from Canada or Mexico. File 2012 tax return free Exemptions, Exemptions Personal exemption, Resident Aliens Qualifying widow filing status, Qualifying widow(er). File 2012 tax return free Residents of, Residents of Mexico or Canada or U. File 2012 tax return free S. File 2012 tax return free nationals. File 2012 tax return free Social security benefits, Special Rule for Canadian and German Social Security Benefits Transportation-related employment, Residents of Canada or Mexico engaged in transportation-related employment. File 2012 tax return free Withholding tax, U. File 2012 tax return free S. File 2012 tax return free nationals or residents of Canada, Mexico, or South Korea. File 2012 tax return free Capital assets, sales or exchanges, Sales or Exchanges of Capital Assets Casualty and theft losses, Casualty and theft losses. File 2012 tax return free Central withholding agreements, Central withholding agreements. File 2012 tax return free Charitable contributions, Charitable contributions. File 2012 tax return free Child and dependent care credit Dual-status alien, Child and dependent care credit. File 2012 tax return free Nonresident alien, Child and dependent care credit. File 2012 tax return free Resident alien, Child and dependent care credit. File 2012 tax return free Child tax credit Resident alien, Child tax credit. File 2012 tax return free , Child tax credit. File 2012 tax return free , Child tax credit. 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File 2012 tax return free Depreciable property, Depreciable property. File 2012 tax return free Diplomats (see Foreign government employees) Direct economic relationship, Personal Service Income Disclosure statement, Disclosure statement. File 2012 tax return free Dividends, U. File 2012 tax return free S. File 2012 tax return free source income, Dividends Dual-status aliens, Dual-Status Aliens Dual-status tax year, Dual-Status Aliens, Dual-Status Tax Year Child care credit, Child and dependent care credit. File 2012 tax return free Computation of tax, How To Figure Tax Credit for the elderly or the disabled, 6) Tax credits. File 2012 tax return free Earned income credit, 6) Tax credits. File 2012 tax return free Education credit, 6) Tax credits. File 2012 tax return free Exemptions, 2) Exemptions. File 2012 tax return free Foreign tax credit, Foreign tax credit. File 2012 tax return free Forms to file, Forms To File Head of household. File 2012 tax return free , 3) Head of household. File 2012 tax return free Income subject to tax, Income Subject to Tax Joint return, 4) Joint return. File 2012 tax return free Residency ending date, Dual-Status Aliens Residency starting date, Dual-Status Aliens Restrictions, Restrictions for Dual-Status Taxpayers Standard deduction, 1) Standard deduction. File 2012 tax return free Tax rates, 5) Tax rates. File 2012 tax return free When and where to file, When and Where To File E Earned income credit Dual-status alien, 6) Tax credits. File 2012 tax return free Nonresident alien, Earned income credit. File 2012 tax return free Resident alien, Earned income credit. File 2012 tax return free Education credits Dual-status alien, 6) Tax credits. File 2012 tax return free Nonresident alien, Education credits. File 2012 tax return free Resident alien, Education credits. File 2012 tax return free Effectively connected income, Effectively Connected Income Foreign income, Foreign Income Investment income, Investment Income Pensions, Pensions. 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File 2012 tax return free Exchange visitors, Exchange Visitors Income from foreign employer, Students and exchange visitors. File 2012 tax return free Social security and Medicare taxes, Students and Exchange Visitors Exclusions from gross income, Exclusions From Gross Income Annuities, Income from certain annuities. File 2012 tax return free Compensation from a foreign employer, Students and exchange visitors. File 2012 tax return free Gambling winnings, dog or horse racing, Gambling Winnings From Dog or Horse Racing Students and exchange visitors, Students and exchange visitors. File 2012 tax return free Treaty income, Income affected by treaties. File 2012 tax return free , Treaty Income Exempt individual, Exempt individual. File 2012 tax return free Exemption from withholding Employees, Employees and independent contractors. File 2012 tax return free Independent contractors, Employees and independent contractors. 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File 2012 tax return free Expatriation tax, Expatriation Before June 4, 2004 F Fellowship grant Excludable, Scholarships and Fellowship Grants Source rule, Scholarships, Grants, Prizes, and Awards Withholding tax, Withholding on Scholarships and Fellowship Grants Filing requirements, Nonresident Aliens Filing returns, Figuring Your Tax Amended returns, Amended Returns and Claims for Refund Claims for refund, Amended Returns and Claims for Refund Commonwealth of the Northern Mariana Islands, Aliens from Guam or the Commonwealth of the Northern Mariana Islands. File 2012 tax return free Dual-status taxpayer, Forms To File Estimated tax, When to pay estimated tax. File 2012 tax return free Form 1040-C, Form 1040-C Form 1040NR, Figuring Your Tax, Nonresident Aliens Form 1040NR-EZ, Figuring Your Tax, Form 1040NR-EZ Form 2063, Form 2063 Guam, Aliens from Guam or the Commonwealth of the Northern Mariana Islands. File 2012 tax return free Nonresident alien, Figuring Your Tax U. File 2012 tax return free S. File 2012 tax return free Virgin Islands, Aliens from the U. File 2012 tax return free S. File 2012 tax return free Virgin Islands. File 2012 tax return free Who must file, Nonresident Aliens Filing status, Filing Status First-year choice, First-Year Choice Fixed or determinable income, Fixed or Determinable Income Foreign country, Foreign country. File 2012 tax return free Foreign earned income exclusion, Foreign Earned Income and Housing Amount Foreign employer, Employees of foreign persons, organizations, or offices. File 2012 tax return free , Foreign employer. File 2012 tax return free Foreign government employees Alien status, Foreign government-related individuals. File 2012 tax return free Exempt from U. File 2012 tax return free S. File 2012 tax return free tax, Employees of Foreign Governments and International Organizations Tax treaty exemption, Employees of Foreign Governments Foreign income subject to U. File 2012 tax return free S. File 2012 tax return free tax, Foreign Income Foreign organizations, charitable contributions to, Charitable contributions. File 2012 tax return free Foreign tax credit Dual-status alien, Foreign tax credit. File 2012 tax return free Nonresident alien, Foreign tax credit. File 2012 tax return free Resident alien, Foreign tax credit. File 2012 tax return free Forms, Form 8843. File 2012 tax return free 1040-C, Form 1040-C 1040-ES(NR), Estimated Tax Form 1040-ES (NR) 1040NR, Nonresident Aliens 1040NR-EZ, Form 1040NR-EZ 1040X, Amended Returns and Claims for Refund 1042-S, Tax Withheld on Real Property Sales 1116, Foreign tax credit. File 2012 tax return free , Foreign tax credit. File 2012 tax return free , Foreign tax credit. File 2012 tax return free 2063, Form 2063 2106, Deductible travel expenses. File 2012 tax return free 2210, Penalty for failure to pay estimated income tax. File 2012 tax return free 3903, Moving expenses. File 2012 tax return free 4563, Residents of American Samoa. File 2012 tax return free 4790 (see FinCEN 105) 6251, Alternative minimum tax. File 2012 tax return free 8233, Employees and independent contractors. File 2012 tax return free 8275, Disclosure statement. File 2012 tax return free 8288, Credit for tax withheld. File 2012 tax return free 8288-A, Credit for tax withheld. File 2012 tax return free 8288-B, Withholding certificates. File 2012 tax return free 8801, Credit for prior year minimum tax. File 2012 tax return free 8805, Tax Withheld on Partnership Income, Tax Withheld on Real Property Sales 8833, Effect of Tax Treaties, Resident Aliens 8840, Form 8840. File 2012 tax return free 8843, Form 8843. File 2012 tax return free 8854, Reporting requirements. File 2012 tax return free FinCEN 105, Other Forms You May Have To File W-4, Withholding on Wages, Alternate Withholding Procedure, Form W-4. File 2012 tax return free W-7, Individual taxpayer identification number (ITIN). File 2012 tax return free W-8BEN, Income Entitled to Tax Treaty Benefits W-8ECI, Withholding on Pensions W-9, Notification of Alien Status Forms to file Dual-status alien, Forms To File Nonresident aliens, Nonresident Aliens Resident alien, Resident Aliens Sailing permits, Forms To File Free tax services, Free help with your tax return. File 2012 tax return free G Gambling winnings, dog or horse racing, Gambling Winnings From Dog or Horse Racing German social security benefits, Special Rule for Canadian and German Social Security Benefits Green card test, Green Card Test H Head of household Nonresident alien, Head of household. File 2012 tax return free Resident alien, Head of household. File 2012 tax return free Help (see Tax help) Home, sale of, Gain From the Sale of Your Main Home Household employees, Household employees. File 2012 tax return free I Identification number, taxpayer Defined, Identification Number Penalty for failure to supply, Failure to supply taxpayer identification number. File 2012 tax return free Income Community, Community Income Effectively connected, Effectively Connected Income Exclusions, Exclusions From Gross Income Fixed or determinable, Fixed or Determinable Income Foreign, Foreign Income From real property, Income From Real Property Income affected by treaties, Income affected by treaties. File 2012 tax return free Interest, Interest Income Investment, Investment Income Personal services, Personal Service Income Reporting, Reporting Your Income Sale of home, Gain From the Sale of Your Main Home Tip, Withholding on Tip Income Income code 28, Gambling Winnings Income from U. File 2012 tax return free S. File 2012 tax return free sources, Source of Income Dividends, Dividends Interest, Interest Income Pensions and annuities, Pensions and Annuities Personal property, Personal Property Personal services, Personal Services Real property, Real Property Rents or royalties, Rents or Royalties Independent contractors Withholding exemption under tax treaty, Employees and independent contractors. File 2012 tax return free Withholding rules, Independent Contractors India, students and business apprentices from Exemptions, Students and business apprentices from India. File 2012 tax return free Exemptions for spouse and dependents, Students and business apprentices from India. File 2012 tax return free Standard deduction, Students and business apprentices from India. File 2012 tax return free Withholding allowances, Students and business apprentices from India. File 2012 tax return free Individual retirement arrangement (IRA), Individual retirement arrangement (IRA). File 2012 tax return free Individual taxpayer identification number (ITIN), Individual taxpayer identification number (ITIN). File 2012 tax return free Intangible property, Intangible property. File 2012 tax return free Interest Portfolio, Portfolio interest. File 2012 tax return free , Interest that does not qualify as portfolio interest. File 2012 tax return free Interest income Contingent, Contingent interest. File 2012 tax return free Excludable, Interest Income Source rule, Interest Income International organization employees Alien status, Foreign government-related individuals. File 2012 tax return free Exempt from U. File 2012 tax return free S. File 2012 tax return free tax, Employees of Foreign Governments and International Organizations International social security agreements, International Social Security Agreements Interrupted period of residence, Interrupted Period of Residence Inventory, Inventory property. File 2012 tax return free Investment income, Investment Income Itemized deductions, Itemized Deductions J Job expenses, Job expenses and other miscellaneous deductions. File 2012 tax return free K Korea, South Exemptions, Residents of South Korea. File 2012 tax return free , Exemptions Married filing separately, Married nonresident alien. File 2012 tax return free Qualifying widow filing status, Qualifying widow(er). File 2012 tax return free Withholding tax, U. File 2012 tax return free S. File 2012 tax return free nationals or residents of Canada, Mexico, or South Korea. File 2012 tax return free L Last year of residency, Last Year of Residency Long-term U. File 2012 tax return free S. File 2012 tax return free resident Defined, Long-term resident defined. File 2012 tax return free Expatriation tax, Long-term resident defined. 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File 2012 tax return free Transportation-related employment, Residents of Canada or Mexico engaged in transportation-related employment. File 2012 tax return free Withholding tax, U. File 2012 tax return free S. File 2012 tax return free nationals or residents of Canada, Mexico, or South Korea. File 2012 tax return free Miscellaneous deductions, Job expenses and other miscellaneous deductions. File 2012 tax return free Monetary instruments, transporting, Other Forms You May Have To File Moving expenses, Moving expenses. File 2012 tax return free Multi-level marketing, Multi-level marketing. File 2012 tax return free , Multi-level marketing. File 2012 tax return free Municipal bonds, State and local government obligations. File 2012 tax return free N National of the United States, Qualifying widow(er). File 2012 tax return free , 5) Tax rates. File 2012 tax return free , Withholding on Wages Natural resources (see Real property) Non-registered obligations, Obligations not in registered form. File 2012 tax return free Nonresident alien, Nonresident Aliens Annuity income, Income from certain annuities. File 2012 tax return free Business expenses, Ordinary and necessary business expenses. File 2012 tax return free Casualty and theft losses, Casualty and theft losses. File 2012 tax return free Charitable contributions, Charitable contributions. File 2012 tax return free Child care credit, Child and dependent care credit. File 2012 tax return free Credit for excess social security tax withheld, Excess social security tax withheld. File 2012 tax return free Credit for income tax withheld, Withholding from wages. File 2012 tax return free Credit for prior year minimum tax, Credit for prior year minimum tax. File 2012 tax return free Defined, Nonresident Aliens Earned income credit, Earned income credit. File 2012 tax return free Education credits, Education credits. File 2012 tax return free Effectively connected income, tax on, Tax on Effectively Connected Income Filing Form 1040NR, Figuring Your Tax Filing Form 1040NR-EZ, Figuring Your Tax Foreign tax credit, Foreign tax credit. File 2012 tax return free Gambling winnings, dog or horse racing, Gambling Winnings From Dog or Horse Racing Head of household, Head of household. File 2012 tax return free How income is taxed, Nonresident Aliens Individual retirement arrangement (IRA), Individual retirement arrangement (IRA). File 2012 tax return free Interest income, Interest Income Job expenses, Job expenses and other miscellaneous deductions. File 2012 tax return free Losses, Losses. File 2012 tax return free Married filing jointly, Married nonresident alien. File 2012 tax return free Miscellaneous deductions, Job expenses and other miscellaneous deductions. File 2012 tax return free Moving expenses, Moving expenses. File 2012 tax return free Personal exemptions, Exemptions Qualifying widow(er), Qualifying widow(er). File 2012 tax return free Standard deduction, Standard deduction. File 2012 tax return free State and local income taxes, State and local income taxes. File 2012 tax return free Students, Nonresident Alien Students Tax paid on undistributed long-term capital gains, Tax paid on undistributed long-term capital gains. File 2012 tax return free Tax withheld at source, Tax withheld at the source. File 2012 tax return free Travel expenses, Travel expenses. File 2012 tax return free Withholding from partnership income, Tax withheld on partnership income. File 2012 tax return free Withholding tax, Paying Tax Through Withholding or Estimated Tax Nonresident spouse treated as a resident, Nonresident Spouse Treated as a Resident O Obligations Not in registered form, Obligations not in registered form. File 2012 tax return free Registered, Obligations in registered form. File 2012 tax return free Original issue discount, Original issue discount (OID). File 2012 tax return free P Partnership Income, tax withheld on, Tax Withheld on Partnership Income Partnerships, Partnerships. File 2012 tax return free Payment against U. File 2012 tax return free S. File 2012 tax return free tax, Payments Tax withheld at the source, Tax withheld at the source. File 2012 tax return free Withholding from wages, Tax Withheld Penalties, Penalties. File 2012 tax return free , Penalties Accuracy-related, Accuracy-related penalty. File 2012 tax return free Failure to file, Filing late. File 2012 tax return free Failure to pay, Paying tax late. File 2012 tax return free Failure to supply taxpayer identification number, Failure to supply taxpayer identification number. File 2012 tax return free Fraud, Fraud. File 2012 tax return free Frivolous tax submission, Frivolous tax submission. File 2012 tax return free Negligence, Negligence or disregard. File 2012 tax return free Substantial understatement of income tax, Substantial understatement of income tax. File 2012 tax return free Penalty for failure to pay estimated income tax, Penalty for failure to pay estimated income tax. File 2012 tax return free Penalty on early withdrawal of savings, Penalty on early withdrawal of savings. File 2012 tax return free Pensions, Pensions. File 2012 tax return free Source rule, Pensions and Annuities Withholding on, Withholding on Pensions Personal exemption Prorating, Personal exemption. File 2012 tax return free Withholding allowance, Allowance for Personal Exemption Personal property, Personal Property Personal services income Connected with U. File 2012 tax return free S. File 2012 tax return free business, Personal Service Income Paid by foreign employer, Services Performed for Foreign Employer Source rule, Personal Services Tax treaty exemption, Personal Services Withholding on wages, Withholding on Wages Portfolio interest, Portfolio interest. File 2012 tax return free , Interest that does not qualify as portfolio interest. File 2012 tax return free Prizes, Scholarships, Grants, Prizes, and Awards Professional athletes, Professional athletes. File 2012 tax return free Property Depreciable, Depreciable property. File 2012 tax return free Intangible, Intangible property. File 2012 tax return free Inventory, Inventory property. File 2012 tax return free Personal, Personal Property Real, Real Property, Real Property Gain or Loss Protective return, Protective return. File 2012 tax return free Publications (see Tax help) Puerto Rico, residents of, Aliens From American Samoa or Puerto Rico, Special rules for aliens from certain U. File 2012 tax return free S. File 2012 tax return free possessions. File 2012 tax return free , Bona Fide Residents of American Samoa or Puerto Rico, Residents of American Samoa and Puerto Rico. File 2012 tax return free Q Qualified investment entity Distributions paid by, Qualified investment entities. File 2012 tax return free R Railroad retirement benefits, Social Security Benefits, Social security and railroad retirement benefits. File 2012 tax return free Real estate (see Real property) Real property Definition, Real Property Income from, Income From Real Property Natural resources, Natural resources. File 2012 tax return free Sale or exchange of, Real Property Gain or Loss Source rule, Real Property Tax withheld on sale of, Tax Withheld on Real Property Sales U. File 2012 tax return free S. File 2012 tax return free real property interest, U. File 2012 tax return free S. File 2012 tax return free real property interest. File 2012 tax return free Real property income, Real property income. File 2012 tax return free Refunds, claims for, Amended Returns and Claims for Refund Registered obligations, Obligations in registered form. File 2012 tax return free Rents, Rents or Royalties Researchers, wage withholding exemption under tax treaty, Students, teachers, and researchers. File 2012 tax return free , Appendix B—Tax Treaty Exemption Procedure for Teachers and Researchers Residence, interrupted, Interrupted Period of Residence Residency First year, First Year of Residency Last year, Last Year of Residency Starting date, Residency starting date under substantial presence test. File 2012 tax return free Termination date, Last Year of Residency Tests, Resident Aliens Resident alien, Resident Aliens Child tax credit, Child tax credit. File 2012 tax return free , Child tax credit. File 2012 tax return free , Child tax credit. 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File 2012 tax return free Royalties, Rents or Royalties S Sailing permits, departing aliens Aliens not requiring, Aliens Not Required To Obtain Sailing or Departure Permits Bond furnished, insuring tax payment, Paying Taxes and Obtaining Refunds Form 1040-C, Form 1040-C Form 2063, Form 2063 Forms to file, Forms To File When to get, When to get a sailing or departure permit. File 2012 tax return free Where to get, Where to get a sailing or departure permit. File 2012 tax return free Salary (see Personal services income) Sale of home, income from, Gain From the Sale of Your Main Home Sales or exchanges, capital assets, Sales or Exchanges of Capital Assets Scholarship Excludable, Scholarships and Fellowship Grants Source rule, Scholarships, Grants, Prizes, and Awards Withholding tax, Withholding on Scholarships and Fellowship Grants Securities, trading in, Trading in stocks, securities, and commodities. File 2012 tax return free Self-employed retirement plans, Self-employed SEP, SIMPLE, and qualified retirement plans. File 2012 tax return free Self-employment tax, Self-Employment Tax Social security benefits Dual-status alien, Social security and railroad retirement benefits. File 2012 tax return free Nonresident alien, Social Security Benefits Social security number, Social security number (SSN). File 2012 tax return free Social security tax Credit for excess tax withheld, Social Security and Medicare Taxes Excess withheld, Excess social security tax withheld. File 2012 tax return free Foreign students and exchange visitors, Students and Exchange Visitors International agreements, International Social Security Agreements Self-employment tax, Self-Employment Tax Totalization agreements, International Social Security Agreements Withheld in error, Refund of Taxes Withheld in Error Source of compensation for labor or personal services Alternative basis, Alternative Basis Multi-year compensation, Multi-year compensation. File 2012 tax return free Time basis, Time Basis Source of income, Source of Income Standard deduction, Standard deduction. File 2012 tax return free State and local income taxes, State and local income taxes. File 2012 tax return free Stocks, trading in, Trading in stocks, securities, and commodities. File 2012 tax return free Student loan interest expense, Student loan interest expense. File 2012 tax return free Students Alien status, Students. File 2012 tax return free Engaged in U. File 2012 tax return free S. 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File 2012 tax return free Substantial presence test, Substantial Presence Test T Tax credits and payments Nonresident aliens, Nonresident Aliens Resident aliens, Tax Credits and Payments Tax help, How To Get Tax Help Tax home, Tax home. File 2012 tax return free , Tax home. File 2012 tax return free Tax paid on undistributed long-term capital gains, Tax paid on undistributed long-term capital gains. File 2012 tax return free Tax treaties Benefits, Treaty Income, Some Typical Tax Treaty Benefits Capital gains, Capital Gains Effect of, Effect of Tax Treaties Employees of foreign governments, Employees of Foreign Governments Exclusions from income, Income affected by treaties. File 2012 tax return free Income affected by, Income affected by treaties. File 2012 tax return free Reporting benefits claimed, Reporting Treaty Benefits Claimed Teachers and professors, Teachers, Professors, and Researchers Trainees, students, and apprentices, Students, Apprentices, and Trainees Tax Treaties Income entitled to benefits, Income Entitled to Tax Treaty Benefits Tax year, Tax Year, Tax Year Tax, expatriation, Expatriation Before June 4, 2004 Tax, transportation, Transportation Tax Taxpayer identification number Defined, Identification Number Penalty for failure to supply, Failure to supply taxpayer identification number. File 2012 tax return free Teachers Alien status, Teachers and trainees. File 2012 tax return free Tax treaty exemption, Teachers, Professors, and Researchers Wage withholding exemption under tax treaty, Students, teachers, and researchers. File 2012 tax return free , Appendix B—Tax Treaty Exemption Procedure for Teachers and Researchers Tie-breaker rule, Effect of Tax Treaties Tip income, Withholding on Tip Income Totalization agreements, International Social Security Agreements Trade or business, U. File 2012 tax return free S. File 2012 tax return free , Trade or Business in the United States Beneficiary of estate or trust, Beneficiary of an estate or trust. File 2012 tax return free Business operations, Business operations. File 2012 tax return free Income from U. File 2012 tax return free S. File 2012 tax return free sources, Effectively Connected Income Partnerships, Partnerships. File 2012 tax return free Personal services, Personal Services Students and trainees, Students and trainees. File 2012 tax return free Trading in stocks, securities, and commodities, Trading in stocks, securities, and commodities. File 2012 tax return free Trading in stocks, securities, and commodities, Trading in stocks, securities, and commodities. File 2012 tax return free Trainees, Teachers and trainees. File 2012 tax return free , Students and trainees. File 2012 tax return free Transportation income Connected with U. File 2012 tax return free S. File 2012 tax return free business, Transportation Income Source rule, Transportation Income Transportation of currency or monetary instruments, Other Forms You May Have To File Transportation tax, Transportation Tax Transportation-related employment, residents of Canada or Mexico, Residents of Canada or Mexico engaged in transportation-related employment. File 2012 tax return free Travel expenses, Travel expenses. File 2012 tax return free Treaties, income affected by, Income affected by treaties. File 2012 tax return free Treaty benefits for resident aliens, Resident Aliens Treaty benefits, reporting benefits claimed, Reporting Treaty Benefits Claimed Trust, beneficiary, Beneficiary of an estate or trust. File 2012 tax return free TTY/TDD information, How To Get Tax Help U U. File 2012 tax return free S Virgin Islands, residents of Withholding on wages, Residents of the U. File 2012 tax return free S. File 2012 tax return free Virgin Islands. File 2012 tax return free U. File 2012 tax return free S. File 2012 tax return free national, Qualifying widow(er). File 2012 tax return free , 5) Tax rates. File 2012 tax return free , Withholding on Wages U. File 2012 tax return free S. File 2012 tax return free real property holding corporation, U. File 2012 tax return free S. File 2012 tax return free real property holding corporation. File 2012 tax return free U. File 2012 tax return free S. File 2012 tax return free real property interest, U. File 2012 tax return free S. File 2012 tax return free real property interest. File 2012 tax return free U. File 2012 tax return free S. File 2012 tax return free tax-exempt income, expenses allocable to, Expenses allocable to U. File 2012 tax return free S. File 2012 tax return free tax-exempt income. File 2012 tax return free U. File 2012 tax return free S. File 2012 tax return free Virgin Islands, residents of Where to file, Aliens from the U. File 2012 tax return free S. File 2012 tax return free Virgin Islands. File 2012 tax return free W Wages (see Personal services income) Wages exempt from withholding, Wages Exempt From Withholding Wages, withholding on, Withholding on Wages Waiver of filing deadline, Waiver of filing deadline. File 2012 tax return free When to file, When To File, When to file for deductions and credits. File 2012 tax return free Where to file, When To File Who must file, Nonresident Aliens Withholding, Paying Tax Through Withholding or Estimated Tax , Withholding From Other Income Withholding tax Allowance for personal exemption, Allowance for Personal Exemption Central withholding agreements, Central withholding agreements. File 2012 tax return free Notification of alien status, Notification of Alien Status On sale of real property, Withholding of tax. File 2012 tax return free Pensions, Withholding on Pensions Puerto Rico, residents of, Residents of American Samoa and Puerto Rico. File 2012 tax return free Real property sales, Tax Withheld on Real Property Sales Residents of Canada, Mexico, or South Korea, U. File 2012 tax return free S. File 2012 tax return free nationals or residents of Canada, Mexico, or South Korea. File 2012 tax return free Scholarships and grants, Withholding on Scholarships and Fellowship Grants Social security taxes, Social Security and Medicare Taxes Tax treaty benefits, Income Entitled to Tax Treaty Benefits Tip income, Withholding on Tip Income U. File 2012 tax return free S. File 2012 tax return free nationals, U. File 2012 tax return free S. File 2012 tax return free nationals or residents of Canada, Mexico, or South Korea. File 2012 tax return free U. File 2012 tax return free S. File 2012 tax return free Virgin Islands, residents of, Residents of the U. File 2012 tax return free S. File 2012 tax return free Virgin Islands. File 2012 tax return free Wages, Withholding on Wages Wages exempt from, Wages Exempt From Withholding Where to report on the return, Tax Withheld Withholding from compensation, Withholding From Compensation Prev  Up     Home   More Online Publications
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The File 2012 Tax Return Free

File 2012 tax return free 4. File 2012 tax return free   Reporting Gains and Losses Table of Contents Introduction Topics - This chapter discusses: Useful Items - You may want to see: Information Returns Schedule D and Form 8949Long and Short Term Net Gain or Loss Treatment of Capital Losses Capital Gains Tax Rates Form 4797Mark-to-market election. File 2012 tax return free Introduction This chapter explains how to report capital gains and losses and ordinary gains and losses from sales, exchanges, and other dispositions of property. File 2012 tax return free Although this discussion refers to Schedule D (Form 1040) and Form 8949, many of the rules discussed here also apply to taxpayers other than individuals. File 2012 tax return free However, the rules for property held for personal use usually will not apply to taxpayers other than individuals. File 2012 tax return free Topics - This chapter discusses: Information returns Schedule D (Form 1040) Form 4797 Form 8949 Useful Items - You may want to see: Publication 550 Investment Income and Expenses 537 Installment Sales Form (and Instructions) Schedule D (Form 1040) Capital Gains and Losses 1099-B Proceeds From Broker and Barter Exchange Transactions 1099-S Proceeds From Real Estate Transactions 4684 Casualties and Thefts 4797 Sales of Business Property 6252 Installment Sale Income 6781 Gains and Losses from Section 1256 Contracts and Straddles 8824 Like-Kind Exchanges 8949 Sales and Other Dispositions of Capital Assets See chapter 5 for information about getting publications and forms. File 2012 tax return free Information Returns If you sell or exchange certain assets, you should receive an information return showing the proceeds of the sale. File 2012 tax return free This information is also provided to the IRS. File 2012 tax return free Form 1099-B. File 2012 tax return free   If you sold property, such as stocks, bonds, or certain commodities, through a broker, you should receive Form 1099-B, Proceeds From Broker and Barter Exchange Transactions, or a substitute statement from the broker. File 2012 tax return free Use the Form 1099-B or a substitute statement to complete Form 8949 and/or Schedule D. File 2012 tax return free Whether or not you receive 1099-B, you must report all taxable sales of stock, bonds, commodities, etc. File 2012 tax return free on Form 8949 and/or Schedule D, as applicable. File 2012 tax return free For more information on figuring gains and losses from these transactions, see chapter 4 in Publication 550. File 2012 tax return free For information on reporting the gains and losses, see the Instructions for Form 8949 and the Instructions for Schedule D (Form 1040). File 2012 tax return free Form 1099-S. File 2012 tax return free   An information return must be provided on certain real estate transactions. File 2012 tax return free Generally, the person responsible for closing the transaction (the “real estate reporting person”) must report on Form 1099-S sales or exchanges of the following types of property. File 2012 tax return free Land (improved or unimproved), including air space. File 2012 tax return free An inherently permanent structure, including any residential, commercial, or industrial building. File 2012 tax return free A condominium unit and its related fixtures and common elements (including land). File 2012 tax return free Stock in a cooperative housing corporation. File 2012 tax return free If you sold or exchanged any of the above types of property, the “real estate reporting person” must give you a copy of Form 1099-S or a statement containing the same information as the Form 1099-S. File 2012 tax return free The “real estate reporting person” could include the buyer's attorney, your attorney, the title or escrow company, a mortgage lender, your broker, the buyer's broker, or the person acquiring the biggest interest in the property. File 2012 tax return free   For more information see chapter 4 in Publication 550. File 2012 tax return free Also, see the Instructions for Form 8949. File 2012 tax return free Schedule D and Form 8949 Form 8949. File 2012 tax return free   Individuals, corporations, and partnerships, use Form 8949 to report the following. File 2012 tax return free    Sales or exchanges of capital assets, including stocks, bonds, etc. File 2012 tax return free , and real estate (if not reported on another form or schedule such as Form 4684, 4797, 6252, 6781, or 8824). File 2012 tax return free Include these transactions even if you did not receive a Form 1099-B or 1099-S. File 2012 tax return free Gains from involuntary conversions (other than from casualty or theft) of capital assets not held for business or profit. File 2012 tax return free Nonbusiness bad debts. File 2012 tax return free   Individuals, If you are filing a joint return, complete as many copies of Form 8949 as you need to report all of your and your spouse's transactions. File 2012 tax return free You and your spouse may list your transactions on separate forms or you may combine them. File 2012 tax return free However, you must include on your Schedule D the totals from all Forms 8949 for both you and your spouse. File 2012 tax return free    Corporations and electing large partnerships also use Form 8949 to report their share of gain or loss from a partnership, S Corporation, estate or trust. File 2012 tax return free   Business entities meeting certain criteria, may have an exception to some of the normal requirements for completing Form 8949. File 2012 tax return free See the Instructions for Form 8949. File 2012 tax return free Schedule D. File 2012 tax return free    Use Schedule D (Form 1040) to figure the overall gain or loss from transactions reported on Form 8949, and to report certain transactions you do not have to report on Form 8949. File 2012 tax return free Before completing Schedule D, you may have to complete other forms as shown below. File 2012 tax return free    Complete all applicable lines of Form 8949 before completing lines 1b, 2, 3, 8b, 9, or 10 of your applicable Schedule D. File 2012 tax return free Enter on Schedule D the combined totals from all your Forms 8949. File 2012 tax return free For a sale, exchange, or involuntary conversion of business property, complete Form 4797 (discussed later). File 2012 tax return free For a like-kind exchange, complete Form 8824. File 2012 tax return free See Reporting the exchange under Like-Kind Exchanges in chapter 1. File 2012 tax return free For an installment sale, complete Form 6252. File 2012 tax return free See Publication 537. File 2012 tax return free For an involuntary conversion due to casualty or theft, complete Form 4684. File 2012 tax return free See Publication 547, Casualties, Disasters, and Thefts. File 2012 tax return free For a disposition of an interest in, or property used in, an activity to which the at-risk rules apply, complete Form 6198, At-Risk Limitations. File 2012 tax return free See Publication 925, Passive Activity and At-Risk Rules. File 2012 tax return free For a disposition of an interest in, or property used in, a passive activity, complete Form 8582, Passive Activity Loss Limitations. File 2012 tax return free See Publication 925. File 2012 tax return free For gains and losses from section 1256 contracts and straddles, complete Form 6781. File 2012 tax return free See Publication 550. File 2012 tax return free Personal-use property. File 2012 tax return free   Report gain on the sale or exchange of property held for personal use (such as your home) on Form 8949 and Schedule D (Form 1040), as applicable. File 2012 tax return free Loss from the sale or exchange of property held for personal use is not deductible. File 2012 tax return free But if you had a loss from the sale or exchange of real estate held for personal use for which you received a Form 1099-S, report the transaction on Form 8949 and Schedule D, even though the loss is not deductible. File 2012 tax return free See the Instructions for Schedule D (Form 1040) and the Instructions for Form 8949 for information on how to report the transaction. File 2012 tax return free Long and Short Term Where you report a capital gain or loss depends on how long you own the asset before you sell or exchange it. File 2012 tax return free The time you own an asset before disposing of it is the holding period. File 2012 tax return free If you received a Form 1099-B, (or substitute statement) box 1c may help you determine whether the gain or loss is short-term or long-term. File 2012 tax return free If you hold a capital asset 1 year or less, the gain or loss from its disposition is short term. File 2012 tax return free Report it in Part I of Form 8949 and/or Schedule D, as applicable. File 2012 tax return free If you hold a capital asset longer than 1 year, the gain or loss from its disposition is long term. File 2012 tax return free Report it in Part II of Form 8949 and/or Schedule D, as applicable. File 2012 tax return free   Table 4-1. File 2012 tax return free Do I Have a Short-Term or Long-Term Gain or Loss? IF you hold the property. File 2012 tax return free . File 2012 tax return free . File 2012 tax return free  THEN you have a. File 2012 tax return free . File 2012 tax return free . File 2012 tax return free 1 year or less, Short-term capital gain or  loss. File 2012 tax return free More than 1 year, Long-term capital gain or  loss. File 2012 tax return free These distinctions are essential to correctly arrive at your net capital gain or loss. File 2012 tax return free Capital losses are allowed in full against capital gains plus up to $3,000 of ordinary income. File 2012 tax return free See Capital Gains Tax Rates, later. File 2012 tax return free Holding period. File 2012 tax return free   To figure if you held property longer than 1 year, start counting on the day following the day you acquired the property. File 2012 tax return free The day you disposed of the property is part of your holding period. File 2012 tax return free Example. File 2012 tax return free If you bought an asset on June 19, 2012, you should start counting on June 20, 2012. File 2012 tax return free If you sold the asset on June 19, 2013, your holding period is not longer than 1 year, but if you sold it on June 20, 2013, your holding period is longer than 1 year. File 2012 tax return free Patent property. File 2012 tax return free   If you dispose of patent property, you generally are considered to have held the property longer than 1 year, no matter how long you actually held it. File 2012 tax return free For more information, see Patents in chapter 2. File 2012 tax return free Inherited property. File 2012 tax return free   If you inherit property, you are considered to have held the property longer than 1 year, regardless of how long you actually held it. File 2012 tax return free Installment sale. File 2012 tax return free   The gain from an installment sale of an asset qualifying for long-term capital gain treatment in the year of sale continues to be long term in later tax years. File 2012 tax return free If it is short term in the year of sale, it continues to be short term when payments are received in later tax years. File 2012 tax return free    The date the installment payment is received determines the capital gains rate that should be applied not the date the asset was sold under an installment contract. File 2012 tax return free Nontaxable exchange. File 2012 tax return free   If you acquire an asset in exchange for another asset and your basis for the new asset is figured, in whole or in part, by using your basis in the old property, the holding period of the new property includes the holding period of the old property. File 2012 tax return free That is, it begins on the same day as your holding period for the old property. File 2012 tax return free Example. File 2012 tax return free You bought machinery on December 4, 2012. File 2012 tax return free On June 4, 2013, you traded this machinery for other machinery in a nontaxable exchange. File 2012 tax return free On December 5, 2013, you sold the machinery you got in the exchange. File 2012 tax return free Your holding period for this machinery began on December 5, 2012. File 2012 tax return free Therefore, you held it longer than 1 year. File 2012 tax return free Corporate liquidation. File 2012 tax return free   The holding period for property you receive in a liquidation generally starts on the day after you receive it if gain or loss is recognized. File 2012 tax return free Profit-sharing plan. File 2012 tax return free   The holding period of common stock withdrawn from a qualified contributory profit-sharing plan begins on the day following the day the plan trustee delivered the stock to the transfer agent with instructions to reissue the stock in your name. File 2012 tax return free Gift. File 2012 tax return free   If you receive a gift of property and your basis in it is figured using the donor's basis, your holding period includes the donor's holding period. File 2012 tax return free For more information on basis, see Publication 551, Basis of Assets. File 2012 tax return free Real property. File 2012 tax return free   To figure how long you held real property, start counting on the day after you received title to it or, if earlier, the day after you took possession of it and assumed the burdens and privileges of ownership. File 2012 tax return free   However, taking possession of real property under an option agreement is not enough to start the holding period. File 2012 tax return free The holding period cannot start until there is an actual contract of sale. File 2012 tax return free The holding period of the seller cannot end before that time. File 2012 tax return free Repossession. File 2012 tax return free   If you sell real property but keep a security interest in it and then later repossess it, your holding period for a later sale includes the period you held the property before the original sale, as well as the period after the repossession. File 2012 tax return free Your holding period does not include the time between the original sale and the repossession. File 2012 tax return free That is, it does not include the period during which the first buyer held the property. File 2012 tax return free Nonbusiness bad debts. File 2012 tax return free   Nonbusiness bad debts are short-term capital losses. File 2012 tax return free For information on nonbusiness bad debts, see chapter 4 of Publication 550. File 2012 tax return free    Net Gain or Loss The totals for short-term capital gains and losses and the totals for long-term capital gains and losses must be figured separately. File 2012 tax return free Net short-term capital gain or loss. File 2012 tax return free   Combine your short-term capital gains and losses, including your share of short-term capital gains or losses from partnerships, S corporations, and fiduciaries and any short-term capital loss carryover. File 2012 tax return free Do this by adding all your short-term capital gains. File 2012 tax return free Then add all your short-term capital losses. File 2012 tax return free Subtract the lesser total from the other. File 2012 tax return free The result is your net short-term capital gain or loss. File 2012 tax return free Net long-term capital gain or loss. File 2012 tax return free   Follow the same steps to combine your long-term capital gains and losses. File 2012 tax return free Include the following items. File 2012 tax return free Net section 1231 gain from Part I, Form 4797, after any adjustment for nonrecaptured section 1231 losses from prior tax years. File 2012 tax return free Capital gain distributions from regulated investment companies (mutual funds) and real estate investment trusts. File 2012 tax return free Your share of long-term capital gains or losses from partnerships, S corporations, and fiduciaries. File 2012 tax return free Any long-term capital loss carryover. File 2012 tax return free The result from combining these items with other long-term capital gains and losses is your net long-term capital gain or loss. File 2012 tax return free Net gain. File 2012 tax return free   If the total of your capital gains is more than the total of your capital losses, the difference is taxable. File 2012 tax return free Different tax rates may apply to the part that is a net capital gain. File 2012 tax return free See Capital Gains Tax Rates, later. File 2012 tax return free Net loss. File 2012 tax return free   If the total of your capital losses is more than the total of your capital gains, the difference is deductible. File 2012 tax return free But there are limits on how much loss you can deduct and when you can deduct it. File 2012 tax return free See Treatment of Capital Losses, next. File 2012 tax return free    Treatment of Capital Losses If your capital losses are more than your capital gains, you can deduct the difference as a capital loss deduction even if you do not have ordinary income to offset it. File 2012 tax return free The yearly limit on the amount of the capital loss you can deduct is $3,000 ($1,500 if you are married and file a separate return). File 2012 tax return free Table 4-2. File 2012 tax return free Holding Period for Different Types of Acquisitions Type of acquisition: When your holding period starts: Stocks and bonds bought on a securities market Day after trading date you bought security. File 2012 tax return free Ends on trading date you sold security. File 2012 tax return free U. File 2012 tax return free S. File 2012 tax return free Treasury notes and bonds If bought at auction, day after notification of bid acceptance. File 2012 tax return free If bought through subscription, day after subscription was submitted. File 2012 tax return free Nontaxable exchanges Day after date you acquired old property. File 2012 tax return free Gift If your basis is giver's adjusted basis, same day as giver's holding period began. File 2012 tax return free If your basis is FMV, day after date of gift. File 2012 tax return free Real property bought Generally, day after date you received title to the property. File 2012 tax return free Real property repossessed Day after date you originally received title to the property, but does not include time between the original sale and date of repossession. File 2012 tax return free Capital loss carryover. File 2012 tax return free   Generally, you have a capital loss carryover if either of the following situations applies to you. File 2012 tax return free Your net loss is more than the yearly limit. File 2012 tax return free Your taxable income without your deduction for exemptions is less than zero. File 2012 tax return free If either of these situations applies to you for 2013, see Capital Losses under Reporting Capital Gains and Losses in chapter 4 of Publication 550 to figure the amount you can carryover to 2014. File 2012 tax return free Example. File 2012 tax return free Bob and Gloria Sampson sold property in 2013. File 2012 tax return free The sale resulted in a capital loss of $7,000. File 2012 tax return free The Sampsons had no other capital transactions. File 2012 tax return free On their joint 2013 return, the Sampsons deduct $3,000, the yearly limit. File 2012 tax return free They had taxable income of $2,000. File 2012 tax return free The unused part of the loss, $4,000 ($7,000 − $3,000), is carried over to 2014. File 2012 tax return free If the Sampsons' capital loss had been $2,000, it would not have been more than the yearly limit. File 2012 tax return free Their capital loss deduction would have been $2,000. File 2012 tax return free They would have no carryover to 2014. File 2012 tax return free Short-term and long-term losses. File 2012 tax return free   When you carry over a loss, it retains its original character as either long term or short term. File 2012 tax return free A short-term loss you carry over to the next tax year is added to short-term losses occurring in that year. File 2012 tax return free A long-term loss you carry over to the next tax year is added to long-term losses occurring in that year. File 2012 tax return free A long-term capital loss you carry over to the next year reduces that year's long-term gains before its short-term gains. File 2012 tax return free   If you have both short-term and long-term losses, your short-term losses are used first against your allowable capital loss deduction. File 2012 tax return free If, after using your short-term losses, you have not reached the limit on the capital loss deduction, use your long-term losses until you reach the limit. File 2012 tax return free To figure your capital loss carryover from 2013 to 2014 use the Capital Loss Carryover Worksheet in the 2013 Instructions for Schedule D (Form 1040). File 2012 tax return free Joint and separate returns. File 2012 tax return free   On a joint return, the capital gains and losses of spouses are figured as the gains and losses of an individual. File 2012 tax return free If you are married and filing a separate return, your yearly capital loss deduction is limited to $1,500. File 2012 tax return free Neither you nor your spouse can deduct any part of the other's loss. File 2012 tax return free   If you and your spouse once filed separate returns and are now filing a joint return, combine your separate capital loss carryovers. File 2012 tax return free However, if you and your spouse once filed jointly and are now filing separately, any capital loss carryover from the joint return can be deducted only on the return of the spouse who actually had the loss. File 2012 tax return free Death of taxpayer. File 2012 tax return free   Capital losses cannot be carried over after a taxpayer's death. File 2012 tax return free They are deductible only on the final income tax return filed on the decedent's behalf. File 2012 tax return free The yearly limit discussed earlier still applies in this situation. File 2012 tax return free Even if the loss is greater than the limit, the decedent's estate cannot deduct the difference or carry it over to following years. File 2012 tax return free Corporations. File 2012 tax return free   A corporation can deduct capital losses only up to the amount of its capital gains. File 2012 tax return free In other words, if a corporation has a net capital loss, it cannot be deducted in the current tax year. File 2012 tax return free It must be carried to other tax years and deducted from capital gains occurring in those years. File 2012 tax return free For more information, see Publication 542. File 2012 tax return free Capital Gains Tax Rates The tax rates that apply to a net capital gain are generally lower than the tax rates that apply to other income. File 2012 tax return free These lower rates are called the maximum capital gains rates. File 2012 tax return free The term “net capital gain” means the amount by which your net long-term capital gain for the year is more than your net short-term capital loss. File 2012 tax return free For 2013, the maximum tax rates for individuals are 0%, 15%, 20%, 25%, and 28%. File 2012 tax return free Also, individuals, use the Qualified Dividends and Capital Gain Worksheet in the Instructions for Form 1040, or the Schedule D Tax Computation Worksheet in the Instructions for Schedule D (Form 1040) (whichever applies) to figure your tax if you have qualified dividends or net capital gain. File 2012 tax return free For more information, see chapter 4 of Publication 550. File 2012 tax return free Also see the Instructions for Schedule D (Form 1040). File 2012 tax return free Unrecaptured section 1250 gain. File 2012 tax return free   Generally, this is the part of any long-term capital gain on section 1250 property (real property) that is due to depreciation. File 2012 tax return free Unrecaptured section 1250 gain cannot be more than the net section 1231 gain or include any gain otherwise treated as ordinary income. File 2012 tax return free Use the worksheet in the Schedule D instructions to figure your unrecaptured section 1250 gain. File 2012 tax return free For more information about section 1250 property and net section 1231 gain, see chapter 3. File 2012 tax return free Form 4797 Use Form 4797 to report: The sale or exchange of: Property used in your trade or business; Depreciable and amortizable property; Oil, gas, geothermal, or other mineral properties; and Section 126 property. File 2012 tax return free The involuntary conversion (from other than casualty or theft) of property used in your trade or business and capital assets held in connection with a trade or business or a transaction entered into for profit. File 2012 tax return free The disposition of noncapital assets (other than inventory or property held primarily for sale to customers in the ordinary course of your trade or business). File 2012 tax return free The disposition of capital assets not reported on Schedule D. File 2012 tax return free The gain or loss (including any related recapture) for partners and S corporation shareholders from certain section 179 property dispositions by partnerships (other than electing large partnerships) and S corporations. File 2012 tax return free The computation of recapture amounts under sections 179 and 280F(b)(2) when the business use of section 179 or listed property decreases to 50% or less. File 2012 tax return free Gains or losses treated as ordinary gains or losses, if you are a trader in securities or commodities and made a mark-to-market election under Internal Revenue Code section 475(f). File 2012 tax return free You can use Form 4797 with Form 1040, 1065, 1120, or 1120S. File 2012 tax return free Section 1231 gains and losses. File 2012 tax return free   Show any section 1231 gains and losses in Part I. File 2012 tax return free Carry a net gain to Schedule D (Form 1040) as a long-term capital gain. File 2012 tax return free Carry a net loss to Part II of Form 4797 as an ordinary loss. File 2012 tax return free   If you had any nonrecaptured net section 1231 losses from the preceding 5 tax years, reduce your net gain by those losses and report the amount of the reduction as an ordinary gain in Part II. File 2012 tax return free Report any remaining gain on Schedule D (Form 1040). File 2012 tax return free See Section 1231 Gains and Losses in chapter 3. File 2012 tax return free Ordinary gains and losses. File 2012 tax return free   Show any ordinary gains and losses in Part II. File 2012 tax return free This includes a net loss or a recapture of losses from prior years figured in Part I of Form 4797. File 2012 tax return free It also includes ordinary gain figured in Part III. File 2012 tax return free Mark-to-market election. File 2012 tax return free   If you made a mark-to-market election, you should report all gains and losses from trading as ordinary gains and losses in Part II of Form 4797, instead of as capital gains and losses on Form 8949 and Schedule D (Form 1040). File 2012 tax return free See the Instructions for Form 4797. File 2012 tax return free Also see Special Rules for Traders in Securities, in chapter 4 of Publication 550. File 2012 tax return free Ordinary income from depreciation. File 2012 tax return free   Figure the ordinary income from depreciation on personal property and additional depreciation on real property (as discussed in chapter 3) in Part III. File 2012 tax return free Carry the ordinary income to Part II of Form 4797 as an ordinary gain. File 2012 tax return free Carry any remaining gain to Part I as section 1231 gain, unless it is from a casualty or theft. File 2012 tax return free Carry any remaining gain from a casualty or theft to Form 4684. 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