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Filing Amended Tax Return 2011

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Filing Amended Tax Return 2011

Filing amended tax return 2011 Publication 523 - Introductory Material Table of Contents Future Developments Reminders IntroductionOrdering forms and publications. Filing amended tax return 2011 Tax questions. Filing amended tax return 2011 Useful Items - You may want to see: Future Developments For the latest information about developments related to Publication 523, such as legislation enacted after it was published, go to www. Filing amended tax return 2011 irs. Filing amended tax return 2011 gov/pub523. Filing amended tax return 2011 Reminders Change of address. Filing amended tax return 2011  If you change your mailing address, be sure to notify the Internal Revenue Service (IRS) using Form 8822, Change of Address. Filing amended tax return 2011 Mail it to the Internal Revenue Service Center for your old address. Filing amended tax return 2011 (Addresses for the Service Centers are on the back of the form. Filing amended tax return 2011 ) Home sold with undeducted points. Filing amended tax return 2011  If you have not deducted all the points you paid to secure a mortgage on your old home, you may be able to deduct the remaining points in the year of sale. Filing amended tax return 2011 See Points in Publication 936, Home Mortgage Interest Deduction. Filing amended tax return 2011 Photographs of missing children. Filing amended tax return 2011  The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. Filing amended tax return 2011 Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. Filing amended tax return 2011 You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child. Filing amended tax return 2011 Introduction This publication explains the tax rules that apply when you sell your main home. Filing amended tax return 2011 In most cases, your main home is the one in which you live most of the time. Filing amended tax return 2011 If you sold your main home in 2013, you may be able to exclude from income any gain up to a limit of $250,000 ($500,000 on a joint return in most cases). Filing amended tax return 2011 See Excluding the Gain , later. Filing amended tax return 2011 Generally, if you can exclude all the gain, you do not need to report the sale on your tax return. Filing amended tax return 2011 If you have gain that cannot be excluded, you generally must report it on Form 8949, Sales and Other Dispositions of Capital Assets, and Schedule D (Form 1040), Capital Gains and Losses. Filing amended tax return 2011 You may also have to complete Form 4797, Sales of Business Property. Filing amended tax return 2011 See Reporting the Sale , later. Filing amended tax return 2011 If you have a loss on the sale, you generally cannot deduct it on your return. Filing amended tax return 2011 However, you may need to report it. Filing amended tax return 2011 See Reporting the Sale , later. Filing amended tax return 2011 The main topics in this publication are: Figuring gain or loss, Basis, Excluding the gain, Ownership and use tests, and Reporting the sale. Filing amended tax return 2011 Other topics include: Business use or rental of home, Deducting taxes in the year of sale, and Recapturing a federal mortgage subsidy. Filing amended tax return 2011 Net Investment Income Tax (NIIT). Filing amended tax return 2011   If any part of the gain on the sale of a home is not excluded under the rules discussed in this publication, it may be subject to the NIIT. Filing amended tax return 2011 For more details, see Form 8960, Net Investment Income Tax—Individuals, Estates, and Trusts, and its instructions. Filing amended tax return 2011 Worksheets. Filing amended tax return 2011   Near the end of this publication you will find worksheets you can use to figure your gain (or loss) and your exclusion. Filing amended tax return 2011 Use Worksheet 1 to figure the adjusted basis of the home you sold. Filing amended tax return 2011 Use Worksheet 2 to figure the gain (or loss), the exclusion, and the taxable gain (if any) on the sale. Filing amended tax return 2011 If you do not qualify for the maximum exclusion, use Worksheet 3 to figure your reduced maximum exclusion. Filing amended tax return 2011 Date of sale. Filing amended tax return 2011    If you received a Form 1099-S, Proceeds From Real Estate Transactions, the date of sale should be shown in box 1. Filing amended tax return 2011 If you did not receive this form, the date of sale is the earlier of (a) the date title transferred or (b) the date the economic burdens and benefits of ownership shifted to the buyer. Filing amended tax return 2011 In most cases, these dates are the same. Filing amended tax return 2011 What is not covered in this publication. Filing amended tax return 2011   This publication does not cover the sale of rental property, second homes, or vacation homes. Filing amended tax return 2011 For information on how to report any gain or loss from those sales, see Publication 544, Sales and Other Dispositions of Assets. Filing amended tax return 2011 Comments and suggestions. Filing amended tax return 2011   We welcome your comments about this publication and your suggestions for future editions. Filing amended tax return 2011   You can write to us at the following address: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. Filing amended tax return 2011 NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. Filing amended tax return 2011 Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. Filing amended tax return 2011   You can send your comments from www. Filing amended tax return 2011 irs. Filing amended tax return 2011 gov/formspubs/. Filing amended tax return 2011 Click on “More Information” and then on “Comment on Tax Forms and Publications”. Filing amended tax return 2011   Although we cannot respond individually to each comment received, we do appreciate your feedback and will consider your comments as we revise our tax products. Filing amended tax return 2011 Ordering forms and publications. Filing amended tax return 2011   Visit www. Filing amended tax return 2011 irs. Filing amended tax return 2011 gov/formspubs/ to download forms and publications, call 1-800-TAX-FORM (1-800-829-3676), or write to the address below and receive a response within 10 days after your request is received. Filing amended tax return 2011 Internal Revenue Service 1201 N. Filing amended tax return 2011 Mitsubishi Motorway Bloomington, IL 61705-6613 Tax questions. Filing amended tax return 2011   If you have a tax question, check the information available on IRS. Filing amended tax return 2011 gov or call 1-800-829-1040. Filing amended tax return 2011 We cannot answer tax questions sent to either of the above addresses. Filing amended tax return 2011 Useful Items - You may want to see: Publication 527 Residential Rental Property 530 Tax Information for Homeowners 544 Sales and Other Dispositions of Assets 547 Casualties, Disasters, and Thefts 551 Basis of Assets 587 Business Use of Your Home 936 Home Mortgage Interest Deduction 4681 Canceled Debts, Foreclosures, Repossessions, and Abandonments Form (and Instructions) Schedule A (Form 1040) Itemized Deductions Schedule D (Form 1040) Capital Gains and Losses 982 Reduction of Tax Attributes Due to Discharge of Indebtedness 1040 U. Filing amended tax return 2011 S. Filing amended tax return 2011 Individual Income Tax Return 1040NR U. Filing amended tax return 2011 S. Filing amended tax return 2011 Nonresident Alien Income Tax Return 1040X Amended U. Filing amended tax return 2011 S. Filing amended tax return 2011 Individual Income Tax Return 1099-S Proceeds From Real Estate Transactions 4797 Sales of Business Property 5405 Repayment of the First-Time Homebuyer Credit 8822 Change of Address 8828 Recapture of Federal Mortgage Subsidy 8939 Allocation of Increase in Basis for Property Acquired From a Decedent 8949 Sales and Other Dispositions of Capital Assets W-2 Wage and Tax Statement See How To Get Tax Help , near the end of this publication, for information about getting these publications and forms. Filing amended tax return 2011 Prev  Up  Next   Home   More Online Publications
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The Filing Amended Tax Return 2011

Filing amended tax return 2011 12. Filing amended tax return 2011   Other Income Table of Contents Introduction Useful Items - You may want to see: Bartering Canceled DebtsInterest included in canceled debt. Filing amended tax return 2011 Exceptions Host or Hostess Life Insurance ProceedsSurviving spouse. Filing amended tax return 2011 Endowment Contract Proceeds Accelerated Death Benefits Public Safety Officer Killed in the Line of Duty Partnership Income S Corporation Income RecoveriesItemized Deduction Recoveries Rents from Personal Property RepaymentsMethod 1. Filing amended tax return 2011 Method 2. Filing amended tax return 2011 RoyaltiesDepletion. Filing amended tax return 2011 Coal and iron ore. Filing amended tax return 2011 Sale of property interest. Filing amended tax return 2011 Part of future production sold. Filing amended tax return 2011 Unemployment BenefitsTypes of unemployment compensation. Filing amended tax return 2011 Governmental program. Filing amended tax return 2011 Repayment of unemployment compensation. Filing amended tax return 2011 Tax withholding. Filing amended tax return 2011 Repayment of benefits. Filing amended tax return 2011 Welfare and Other Public Assistance Benefits Other IncomeEmotional distress. Filing amended tax return 2011 Deduction for costs involved in unlawful discrimination suits. Filing amended tax return 2011 Energy conservation measure. Filing amended tax return 2011 Dwelling unit. Filing amended tax return 2011 Current income required to be distributed. Filing amended tax return 2011 Current income not required to be distributed. Filing amended tax return 2011 How to report. Filing amended tax return 2011 Losses. Filing amended tax return 2011 Grantor trust. Filing amended tax return 2011 Nonemployee compensation. Filing amended tax return 2011 Corporate director. Filing amended tax return 2011 Personal representatives. Filing amended tax return 2011 Manager of trade or business for bankruptcy estate. Filing amended tax return 2011 Notary public. Filing amended tax return 2011 Election precinct official. Filing amended tax return 2011 Difficulty-of-care payments. Filing amended tax return 2011 Maintaining space in home. Filing amended tax return 2011 Reporting taxable payments. Filing amended tax return 2011 Lotteries and raffles. Filing amended tax return 2011 Form W-2G. Filing amended tax return 2011 Reporting winnings and recordkeeping. Filing amended tax return 2011 Inherited pension or IRA. Filing amended tax return 2011 Employee awards or bonuses. Filing amended tax return 2011 Pulitzer, Nobel, and similar prizes. Filing amended tax return 2011 Payment for services. Filing amended tax return 2011 VA payments. Filing amended tax return 2011 Prizes. Filing amended tax return 2011 Strike and lockout benefits. Filing amended tax return 2011 Introduction You must include on your return all items of income you receive in the form of money, property, and services unless the tax law states that you do not include them. Filing amended tax return 2011 Some items, however, are only partly excluded from income. Filing amended tax return 2011 This chapter discusses many kinds of income and explains whether they are taxable or nontaxable. Filing amended tax return 2011 Income that is taxable must be reported on your tax return and is subject to tax. Filing amended tax return 2011 Income that is nontaxable may have to be shown on your tax return but is not taxable. Filing amended tax return 2011 This chapter begins with discussions of the following income items. Filing amended tax return 2011 Bartering. Filing amended tax return 2011 Canceled debts. Filing amended tax return 2011 Sales parties at which you are the host or hostess. Filing amended tax return 2011 Life insurance proceeds. Filing amended tax return 2011 Partnership income. Filing amended tax return 2011 S Corporation income. Filing amended tax return 2011 Recoveries (including state income tax refunds). Filing amended tax return 2011 Rents from personal property. Filing amended tax return 2011 Repayments. Filing amended tax return 2011 Royalties. Filing amended tax return 2011 Unemployment benefits. Filing amended tax return 2011 Welfare and other public assistance benefits. Filing amended tax return 2011 These discussions are followed by brief discussions of other income items. Filing amended tax return 2011 Useful Items - You may want to see: Publication 525 Taxable and Nontaxable Income 544 Sales and Other Dispositions of Assets 4681 Canceled Debts, Foreclosures, Repossessions, and Abandonments Bartering Bartering is an exchange of property or services. Filing amended tax return 2011 You must include in your income, at the time received, the fair market value of property or services you receive in bartering. Filing amended tax return 2011 If you exchange services with another person and you both have agreed ahead of time on the value of the services, that value will be accepted as fair market value unless the value can be shown to be otherwise. Filing amended tax return 2011 Generally, you report this income on Schedule C (Form 1040), Profit or Loss From Business, or Schedule C-EZ (Form 1040), Net Profit From Business. Filing amended tax return 2011 However, if the barter involves an exchange of something other than services, such as in Example 3 below, you may have to use another form or schedule instead. Filing amended tax return 2011 Example 1. Filing amended tax return 2011 You are a self-employed attorney who performs legal services for a client, a small corporation. Filing amended tax return 2011 The corporation gives you shares of its stock as payment for your services. Filing amended tax return 2011 You must include the fair market value of the shares in your income on Schedule C (Form 1040) or Schedule C-EZ (Form 1040) in the year you receive them. Filing amended tax return 2011 Example 2. Filing amended tax return 2011 You are self-employed and a member of a barter club. Filing amended tax return 2011 The club uses “credit units” as a means of exchange. Filing amended tax return 2011 It adds credit units to your account for goods or services you provide to members, which you can use to purchase goods or services offered by other members of the barter club. Filing amended tax return 2011 The club subtracts credit units from your account when you receive goods or services from other members. Filing amended tax return 2011 You must include in your income the value of the credit units that are added to your account, even though you may not actually receive goods or services from other members until a later tax year. Filing amended tax return 2011 Example 3. Filing amended tax return 2011 You own a small apartment building. Filing amended tax return 2011 In return for 6 months rent-free use of an apartment, an artist gives you a work of art she created. Filing amended tax return 2011 You must report as rental income on Schedule E (Form 1040), Supplemental Income and Loss, the fair market value of the artwork, and the artist must report as income on Schedule C (Form 1040) or Schedule C-EZ (Form 1040) the fair rental value of the apartment. Filing amended tax return 2011 Form 1099-B from barter exchange. Filing amended tax return 2011   If you exchanged property or services through a barter exchange, Form 1099-B, Proceeds From Broker and Barter Exchange Transactions, or a similar statement from the barter exchange should be sent to you by February 18, 2014. Filing amended tax return 2011 It should show the value of cash, property, services, credits, or scrip you received from exchanges during 2013. Filing amended tax return 2011 The IRS also will receive a copy of Form 1099-B. Filing amended tax return 2011 Canceled Debts In most cases, if a debt you owe is canceled or forgiven, other than as a gift or bequest, you must include the canceled amount in your income. Filing amended tax return 2011 You have no income from the canceled debt if it is intended as a gift to you. Filing amended tax return 2011 A debt includes any indebtedness for which you are liable or which attaches to property you hold. Filing amended tax return 2011 If the debt is a nonbusiness debt, report the canceled amount on Form 1040, line 21. Filing amended tax return 2011 If it is a business debt, report the amount on Schedule C (Form 1040) or Schedule C-EZ (Form 1040) (or on Schedule F (Form 1040), Profit or Loss From Farming, if the debt is farm debt and you are a farmer). Filing amended tax return 2011 Form 1099-C. Filing amended tax return 2011   If a Federal Government agency, financial institution, or credit union cancels or forgives a debt you owe of $600 or more, you will receive a Form 1099-C, Cancellation of Debt. Filing amended tax return 2011 The amount of the canceled debt is shown in box 2. Filing amended tax return 2011 Interest included in canceled debt. Filing amended tax return 2011   If any interest is forgiven and included in the amount of canceled debt in box 2, the amount of interest also will be shown in box 3. Filing amended tax return 2011 Whether or not you must include the interest portion of the canceled debt in your income depends on whether the interest would be deductible when you paid it. Filing amended tax return 2011 See Deductible debt under Exceptions, later. Filing amended tax return 2011   If the interest would not be deductible (such as interest on a personal loan), include in your income the amount from Form 1099-C, box 2. Filing amended tax return 2011 If the interest would be deductible (such as on a business loan), include in your income the net amount of the canceled debt (the amount shown in box 2 less the interest amount shown in box 3). Filing amended tax return 2011 Discounted mortgage loan. Filing amended tax return 2011   If your financial institution offers a discount for the early payment of your mortgage loan, the amount of the discount is canceled debt. Filing amended tax return 2011 You must include the canceled amount in your income. Filing amended tax return 2011 Mortgage relief upon sale or other disposition. Filing amended tax return 2011   If you are personally liable for a mortgage (recourse debt), and you are relieved of the mortgage when you dispose of the property, you may realize gain or loss up to the fair market value of the property. Filing amended tax return 2011 To the extent the mortgage discharge exceeds the fair market value of the property, it is income from discharge of indebtedness unless it qualifies for exclusion under Excluded debt , later. Filing amended tax return 2011 Report any income from discharge of indebtedness on nonbusiness debt that does not qualify for exclusion as other income on Form 1040, line 21. Filing amended tax return 2011    You may be able to exclude part of the mortgage relief on your principal residence. Filing amended tax return 2011 See Excluded debt, later. Filing amended tax return 2011   If you are not personally liable for a mortgage (nonrecourse debt), and you are relieved of the mortgage when you dispose of the property (such as through foreclosure), that relief is included in the amount you realize. Filing amended tax return 2011 You may have a taxable gain if the amount you realize exceeds your adjusted basis in the property. Filing amended tax return 2011 Report any gain on nonbusiness property as a capital gain. Filing amended tax return 2011   See Publication 4681 for more information. Filing amended tax return 2011 Stockholder debt. Filing amended tax return 2011   If you are a stockholder in a corporation and the corporation cancels or forgives your debt to it, the canceled debt is a constructive distribution that is generally dividend income to you. Filing amended tax return 2011 For more information, see Publication 542, Corporations. Filing amended tax return 2011   If you are a stockholder in a corporation and you cancel a debt owed to you by the corporation, you generally do not realize income. Filing amended tax return 2011 This is because the canceled debt is considered as a contribution to the capital of the corporation equal to the amount of debt principal that you canceled. Filing amended tax return 2011 Repayment of canceled debt. Filing amended tax return 2011   If you included a canceled amount in your income and later pay the debt, you may be able to file a claim for refund for the year the amount was included in income. Filing amended tax return 2011 You can file a claim on Form 1040X if the statute of limitations for filing a claim is still open. Filing amended tax return 2011 The statute of limitations generally does not end until 3 years after the due date of your original return. Filing amended tax return 2011 Exceptions There are several exceptions to the inclusion of canceled debt in income. Filing amended tax return 2011 These are explained next. Filing amended tax return 2011 Student loans. Filing amended tax return 2011   Certain student loans contain a provision that all or part of the debt incurred to attend the qualified educational institution will be canceled if you work for a certain period of time in certain professions for any of a broad class of employers. Filing amended tax return 2011   You do not have income if your student loan is canceled after you agreed to this provision and then performed the services required. Filing amended tax return 2011 To qualify, the loan must have been made by: The Federal Government, a state or local government, or an instrumentality, agency, or subdivision thereof, A tax-exempt public benefit corporation that has assumed control of a state, county, or municipal hospital, and whose employees are considered public employees under state law, or An educational institution: Under an agreement with an entity described in (1) or (2) that provided the funds to the institution to make the loan, or As part of a program of the institution designed to encourage its students to serve in occupations with unmet needs or in areas with unmet needs and under which the services provided by the students (or former students) are for or under the direction of a governmental unit or a tax-exempt organization described in section 501(c)(3). Filing amended tax return 2011   A loan to refinance a qualified student loan also will qualify if it was made by an educational institution or a qualified tax-exempt organization under its program designed as described in (3)(b) above. Filing amended tax return 2011 Education loan repayment assistance. Filing amended tax return 2011   Education loan repayments made to you by the National Health Service Corps Loan Repayment Program (NHSC Loan Repayment Program), a state education loan repayment program eligible for funds under the Public Health Service Act, or any other state loan repayment or loan forgiveness program that is intended to provide for the increased availability of health services in underserved or health professional shortage areas are not taxable. Filing amended tax return 2011    The provision relating to the “other state loan repayment or loan forgiveness program” was added to this exclusion for amounts received in tax years beginning after December 31, 2008. Filing amended tax return 2011 If you included these amounts in income in 2010, 2011, or 2012, you should file an amended tax return to exclude this income. Filing amended tax return 2011 See Form 1040X and its instructions for details on filing. Filing amended tax return 2011 Deductible debt. Filing amended tax return 2011   You do not have income from the cancellation of a debt if your payment of the debt would be deductible. Filing amended tax return 2011 This exception applies only if you use the cash method of accounting. Filing amended tax return 2011 For more information, see chapter 5 of Publication 334, Tax Guide for Small Business. Filing amended tax return 2011 Price reduced after purchase. Filing amended tax return 2011   In most cases, if the seller reduces the amount of debt you owe for property you purchased, you do not have income from the reduction. Filing amended tax return 2011 The reduction of the debt is treated as a purchase price adjustment and reduces your basis in the property. Filing amended tax return 2011 Excluded debt. Filing amended tax return 2011   Do not include a canceled debt in your gross income in the following situations. Filing amended tax return 2011 The debt is canceled in a bankruptcy case under title 11 of the U. Filing amended tax return 2011 S. Filing amended tax return 2011 Code. Filing amended tax return 2011 See Publication 908, Bankruptcy Tax Guide. Filing amended tax return 2011 The debt is canceled when you are insolvent. Filing amended tax return 2011 However, you cannot exclude any amount of canceled debt that is more than the amount by which you are insolvent. Filing amended tax return 2011 See Publication 908. Filing amended tax return 2011 The debt is qualified farm debt and is canceled by a qualified person. Filing amended tax return 2011 See chapter 3 of Publication 225, Farmer's Tax Guide. Filing amended tax return 2011 The debt is qualified real property business debt. Filing amended tax return 2011 See chapter 5 of Publication 334. Filing amended tax return 2011 The cancellation is intended as a gift. Filing amended tax return 2011 The debt is qualified principal residence indebtedness. Filing amended tax return 2011 See Publication 525 for additional information. Filing amended tax return 2011 Host or Hostess If you host a party or event at which sales are made, any gift or gratuity you receive for giving the event is a payment for helping a direct seller make sales. Filing amended tax return 2011 You must report this item as income at its fair market value. Filing amended tax return 2011 Your out-of-pocket party expenses are subject to the 50% limit for meal and entertainment expenses. Filing amended tax return 2011 These expenses are deductible as miscellaneous itemized deductions subject to the 2%-of-AGI limit on Schedule A (Form 1040), but only up to the amount of income you receive for giving the party. Filing amended tax return 2011 For more information about the 50% limit for meal and entertainment expenses, see chapter 26. Filing amended tax return 2011 Life Insurance Proceeds Life insurance proceeds paid to you because of the death of the insured person are not taxable unless the policy was turned over to you for a price. Filing amended tax return 2011 This is true even if the proceeds were paid under an accident or health insurance policy or an endowment contract. Filing amended tax return 2011 However, interest income received as a result of life insurance proceeds may be taxable. Filing amended tax return 2011 Proceeds not received in installments. Filing amended tax return 2011   If death benefits are paid to you in a lump sum or other than at regular intervals, include in your income only the benefits that are more than the amount payable to you at the time of the insured person's death. Filing amended tax return 2011 If the benefit payable at death is not specified, you include in your income the benefit payments that are more than the present value of the payments at the time of death. Filing amended tax return 2011 Proceeds received in installments. Filing amended tax return 2011   If you receive life insurance proceeds in installments, you can exclude part of each installment from your income. Filing amended tax return 2011   To determine the excluded part, divide the amount held by the insurance company (generally the total lump sum payable at the death of the insured person) by the number of installments to be paid. Filing amended tax return 2011 Include anything over this excluded part in your income as interest. Filing amended tax return 2011 Surviving spouse. Filing amended tax return 2011   If your spouse died before October 23, 1986, and insurance proceeds paid to you because of the death of your spouse are received in installments, you can exclude up to $1,000 a year of the interest included in the installments. Filing amended tax return 2011 If you remarry, you can continue to take the exclusion. Filing amended tax return 2011 Surrender of policy for cash. Filing amended tax return 2011   If you surrender a life insurance policy for cash, you must include in income any proceeds that are more than the cost of the life insurance policy. Filing amended tax return 2011 In most cases, your cost (or investment in the contract) is the total of premiums that you paid for the life insurance policy, less any refunded premiums, rebates, dividends, or unrepaid loans that were not included in your income. Filing amended tax return 2011    You should receive a Form 1099-R showing the total proceeds and the taxable part. Filing amended tax return 2011 Report these amounts on lines 16a and 16b of Form 1040 or lines 12a and 12b of Form 1040A. Filing amended tax return 2011 More information. Filing amended tax return 2011   For more information, see Life Insurance Proceeds in Publication 525. Filing amended tax return 2011 Endowment Contract Proceeds An endowment contract is a policy under which you are paid a specified amount of money on a certain date unless you die before that date, in which case, the money is paid to your designated beneficiary. Filing amended tax return 2011 Endowment proceeds paid in a lump sum to you at maturity are taxable only if the proceeds are more than the cost of the policy. Filing amended tax return 2011 To determine your cost, subtract any amount that you previously received under the contract and excluded from your income from the total premiums (or other consideration) paid for the contract. Filing amended tax return 2011 Include the part of the lump sum payment that is more than your cost in your income. Filing amended tax return 2011 Accelerated Death Benefits Certain amounts paid as accelerated death benefits under a life insurance contract or viatical settlement before the insured's death are excluded from income if the insured is terminally or chronically ill. Filing amended tax return 2011 Viatical settlement. Filing amended tax return 2011   This is the sale or assignment of any part of the death benefit under a life insurance contract to a viatical settlement provider. Filing amended tax return 2011 A viatical settlement provider is a person who regularly engages in the business of buying or taking assignment of life insurance contracts on the lives of insured individuals who are terminally or chronically ill and who meets the requirements of section 101(g)(2)(B) of the Internal Revenue Code. Filing amended tax return 2011 Exclusion for terminal illness. Filing amended tax return 2011    Accelerated death benefits are fully excludable if the insured is a terminally ill individual. Filing amended tax return 2011 This is a person who has been certified by a physician as having an illness or physical condition that can reasonably be expected to result in death within 24 months from the date of the certification. Filing amended tax return 2011 Exclusion for chronic illness. Filing amended tax return 2011    If the insured is a chronically ill individual who is not terminally ill, accelerated death benefits paid on the basis of costs incurred for qualified long-term care services are fully excludable. Filing amended tax return 2011 Accelerated death benefits paid on a per diem or other periodic basis are excludable up to a limit. Filing amended tax return 2011 This limit applies to the total of the accelerated death benefits and any periodic payments received from long-term care insurance contracts. Filing amended tax return 2011 For information on the limit and the definitions of chronically ill individual, qualified long-term care services, and long-term care insurance contracts, see Long-Term Care Insurance Contracts under Sickness and Injury Benefits in Publication 525. Filing amended tax return 2011 Exception. Filing amended tax return 2011   The exclusion does not apply to any amount paid to a person (other than the insured) who has an insurable interest in the life of the insured because the insured: Is a director, officer, or employee of the person, or Has a financial interest in the person's business. Filing amended tax return 2011 Form 8853. Filing amended tax return 2011   To claim an exclusion for accelerated death benefits made on a per diem or other periodic basis, you must file Form 8853, Archer MSAs and Long-Term Care Insurance Contracts, with your return. Filing amended tax return 2011 You do not have to file Form 8853 to exclude accelerated death benefits paid on the basis of actual expenses incurred. Filing amended tax return 2011 Public Safety Officer Killed in the Line of Duty If you are a survivor of a public safety officer who was killed in the line of duty, you may be able to exclude from income certain amounts you receive. Filing amended tax return 2011 For this purpose, the term public safety officer includes law enforcement officers, firefighters, chaplains, and rescue squad and ambulance crew members. Filing amended tax return 2011 For more information, see Publication 559, Survivors, Executors, and Administrators. Filing amended tax return 2011 Partnership Income A partnership generally is not a taxable entity. Filing amended tax return 2011 The income, gains, losses, deductions, and credits of a partnership are passed through to the partners based on each partner's distributive share of these items. Filing amended tax return 2011 Schedule K-1 (Form 1065). Filing amended tax return 2011    Although a partnership generally pays no tax, it must file an information return on Form 1065, U. Filing amended tax return 2011 S. Filing amended tax return 2011 Return of Partnership Income, and send Schedule K-1 (Form 1065) to each partner. Filing amended tax return 2011 In addition, the partnership will send each partner a copy of the Partner's Instructions for Schedule K-1 (Form 1065) to help each partner report his or her share of the partnership's income, deductions, credits, and tax preference items. Filing amended tax return 2011 Keep Schedule K-1 (Form 1065) for your records. Filing amended tax return 2011 Do not attach it to your Form 1040, unless you are specifically required to do so. Filing amended tax return 2011 For more information on partnerships, see Publication 541, Partnerships. Filing amended tax return 2011 Qualified joint venture. Filing amended tax return 2011   If you and your spouse each materially participate as the only members of a jointly owned and operated 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. Filing amended tax return 2011 To make this election, you must divide all items of income, gain, loss, deduction, and credit attributable to the business between you and your spouse in accordance with your respective interests in the venture. Filing amended tax return 2011 For further information on how to make the election and which schedule(s) to file, see the instructions for your individual tax return. Filing amended tax return 2011 S Corporation Income In most cases, an S corporation does not pay tax on its income. Filing amended tax return 2011 Instead, the income, losses, deductions, and credits of the corporation are passed through to the shareholders based on each shareholder's pro rata share. Filing amended tax return 2011 Schedule K-1 (Form 1120S). Filing amended tax return 2011   An S corporation must file a return on Form 1120S, U. Filing amended tax return 2011 S. Filing amended tax return 2011 Income Tax Return for an S Corporation, and send Schedule K-1 (Form 1120S) to each shareholder. Filing amended tax return 2011 In addition, the S corporation will send each shareholder a copy of the Shareholder's Instructions for Schedule K-1 (Form 1120S) to help each shareholder report his or her share of the S corporation's income, losses, credits, and deductions. Filing amended tax return 2011 Keep Schedule K-1 (Form 1120S) for your records. Filing amended tax return 2011 Do not attach it to your Form 1040, unless you are specifically required to do so. Filing amended tax return 2011 For more information on S corporations and their shareholders, see the Instructions for Form 1120S. Filing amended tax return 2011 Recoveries A recovery is a return of an amount you deducted or took a credit for in an earlier year. Filing amended tax return 2011 The most common recoveries are refunds, reimbursements, and rebates of deductions itemized on Schedule A (Form 1040). Filing amended tax return 2011 You also may have recoveries of non-itemized deductions (such as payments on previously deducted bad debts) and recoveries of items for which you previously claimed a tax credit. Filing amended tax return 2011 Tax benefit rule. Filing amended tax return 2011   You must include a recovery in your income in the year you receive it up to the amount by which the deduction or credit you took for the recovered amount reduced your tax in the earlier year. Filing amended tax return 2011 For this purpose, any increase to an amount carried over to the current year that resulted from the deduction or credit is considered to have reduced your tax in the earlier year. Filing amended tax return 2011 For more information, see Publication 525. Filing amended tax return 2011 Federal income tax refund. Filing amended tax return 2011   Refunds of federal income taxes are not included in your income because they are never allowed as a deduction from income. Filing amended tax return 2011 State tax refund. Filing amended tax return 2011   If you received a state or local income tax refund (or credit or offset) in 2013, you generally must include it in income if you deducted the tax in an earlier year. Filing amended tax return 2011 The payer should send Form 1099-G, Certain Government Payments, to you by January 31, 2014. Filing amended tax return 2011 The IRS also will receive a copy of the Form 1099-G. Filing amended tax return 2011 If you file Form 1040, use the State and Local Income Tax Refund Worksheet in the 2013 Form 1040 instructions for line 10 to figure the amount (if any) to include in your income. Filing amended tax return 2011 See Publication 525 for when you must use another worksheet. Filing amended tax return 2011   If you could choose to deduct for a tax year either: State and local income taxes, or State and local general sales taxes, then the maximum refund that you may have to include in income is limited to the excess of the tax you chose to deduct for that year over the tax you did not choose to deduct for that year. Filing amended tax return 2011 For examples, see Publication 525. Filing amended tax return 2011 Mortgage interest refund. Filing amended tax return 2011    If you received a refund or credit in 2013 of mortgage interest paid in an earlier year, the amount should be shown in box 3 of your Form 1098, Mortgage Interest Statement. Filing amended tax return 2011 Do not subtract the refund amount from the interest you paid in 2013. Filing amended tax return 2011 You may have to include it in your income under the rules explained in the following discussions. Filing amended tax return 2011 Interest on recovery. Filing amended tax return 2011   Interest on any of the amounts you recover must be reported as interest income in the year received. Filing amended tax return 2011 For example, report any interest you received on state or local income tax refunds on Form 1040, line 8a. Filing amended tax return 2011 Recovery and expense in same year. Filing amended tax return 2011   If the refund or other recovery and the expense occur in the same year, the recovery reduces the deduction or credit and is not reported as income. Filing amended tax return 2011 Recovery for 2 or more years. Filing amended tax return 2011   If you receive a refund or other recovery that is for amounts you paid in 2 or more separate years, you must allocate, on a pro rata basis, the recovered amount between the years in which you paid it. Filing amended tax return 2011 This allocation is necessary to determine the amount of recovery from any earlier years and to determine the amount, if any, of your allowable deduction for this item for the current year. Filing amended tax return 2011 For information on how to compute the allocation, see Recoveries in Publication 525. Filing amended tax return 2011 Itemized Deduction Recoveries If you recover any amount that you deducted in an earlier year on Schedule A (Form 1040), you generally must include the full amount of the recovery in your income in the year you receive it. Filing amended tax return 2011 Where to report. Filing amended tax return 2011   Enter your state or local income tax refund on Form 1040, line 10, and the total of all other recoveries as other income on Form 1040, line 21. Filing amended tax return 2011 You cannot use Form 1040A or Form 1040EZ. Filing amended tax return 2011 Standard deduction limit. Filing amended tax return 2011   You generally are allowed to claim the standard deduction if you do not itemize your deductions. Filing amended tax return 2011 Only your itemized deductions that are more than your standard deduction are subject to the recovery rule (unless you are required to itemize your deductions). Filing amended tax return 2011 If your total deductions on the earlier year return were not more than your income for that year, include in your income this year the lesser of: Your recoveries, or The amount by which your itemized deductions exceeded the standard deduction. Filing amended tax return 2011 Example. Filing amended tax return 2011 For 2012, you filed a joint return. Filing amended tax return 2011 Your taxable income was $60,000 and you were not entitled to any tax credits. Filing amended tax return 2011 Your standard deduction was $11,900, and you had itemized deductions of $14,000. Filing amended tax return 2011 In 2013, you received the following recoveries for amounts deducted on your 2012 return: Medical expenses $200 State and local income tax refund 400 Refund of mortgage interest 325 Total recoveries $925 None of the recoveries were more than the deductions taken for 2012. Filing amended tax return 2011 The difference between the state and local income tax you deducted and your local general sales tax was more than $400. Filing amended tax return 2011 Your total recoveries are less than the amount by which your itemized deductions exceeded the standard deduction ($14,000 − 11,900 = $2,100), so you must include your total recoveries in your income for 2013. Filing amended tax return 2011 Report the state and local income tax refund of $400 on Form 1040, line 10, and the balance of your recoveries, $525, on Form 1040, line 21. Filing amended tax return 2011 Standard deduction for earlier years. Filing amended tax return 2011   To determine if amounts recovered in 2013 must be included in your income, you must know the standard deduction for your filing status for the year the deduction was claimed. Filing amended tax return 2011 Look in the instructions for your tax return from prior years to locate the standard deduction for the filing status for that prior year. Filing amended tax return 2011 Example. Filing amended tax return 2011 You filed a joint return on Form 1040 for 2012 with taxable income of $45,000. Filing amended tax return 2011 Your itemized deductions were $12,350. Filing amended tax return 2011 The standard deduction that you could have claimed was $11,900. Filing amended tax return 2011 In 2013, you recovered $2,100 of your 2012 itemized deductions. Filing amended tax return 2011 None of the recoveries were more than the actual deductions for 2012. Filing amended tax return 2011 Include $450 of the recoveries in your 2013 income. Filing amended tax return 2011 This is the smaller of your recoveries ($2,100) or the amount by which your itemized deductions were more than the standard deduction ($12,350 − $11,900 = $450). Filing amended tax return 2011 Recovery limited to deduction. Filing amended tax return 2011   You do not include in your income any amount of your recovery that is more than the amount you deducted in the earlier year. Filing amended tax return 2011 The amount you include in your income is limited to the smaller of: The amount deducted on Schedule A (Form 1040), or The amount recovered. Filing amended tax return 2011 Example. Filing amended tax return 2011 During 2012 you paid $1,700 for medical expenses. Filing amended tax return 2011 From this amount you subtracted $1,500, which was 7. Filing amended tax return 2011 5% of your adjusted gross income. Filing amended tax return 2011 Your actual medical expense deduction was $200. Filing amended tax return 2011 In 2013, you received a $500 reimbursement from your medical insurance for your 2012 expenses. Filing amended tax return 2011 The only amount of the $500 reimbursement that must be included in your income for 2013 is $200—the amount actually deducted. Filing amended tax return 2011 Other recoveries. Filing amended tax return 2011   See Recoveries in Publication 525 if: You have recoveries of items other than itemized deductions, or You received a recovery for an item for which you claimed a tax credit (other than investment credit or foreign tax credit) in a prior year. Filing amended tax return 2011 Rents from Personal Property If you rent out personal property, such as equipment or vehicles, how you report your income and expenses is in most cases determined by: Whether or not the rental activity is a business, and Whether or not the rental activity is conducted for profit. Filing amended tax return 2011 In most cases, if your primary purpose is income or profit and you are involved in the rental activity with continuity and regularity, your rental activity is a business. Filing amended tax return 2011 See Publication 535, Business Expenses, for details on deducting expenses for both business and not-for-profit activities. Filing amended tax return 2011 Reporting business income and expenses. Filing amended tax return 2011    If you are in the business of renting personal property, report your income and expenses on Schedule C or Schedule C-EZ (Form 1040). Filing amended tax return 2011 The form instructions have information on how to complete them. Filing amended tax return 2011 Reporting nonbusiness income. Filing amended tax return 2011   If you are not in the business of renting personal property, report your rental income on Form 1040, line 21. Filing amended tax return 2011 List the type and amount of the income on the dotted line next to line 21. Filing amended tax return 2011 Reporting nonbusiness expenses. Filing amended tax return 2011   If you rent personal property for profit, include your rental expenses in the total amount you enter on Form 1040, line 36. Filing amended tax return 2011 Also enter the amount and “PPR” on the dotted line next to line 36. Filing amended tax return 2011   If you do not rent personal property for profit, your deductions are limited and you cannot report a loss to offset other income. Filing amended tax return 2011 See Activity not for profit , under Other Income, later. Filing amended tax return 2011 Repayments If you had to repay an amount that you included in your income in an earlier year, you may be able to deduct the amount repaid from your income for the year in which you repaid it. Filing amended tax return 2011 Or, if the amount you repaid is more than $3,000, you may be able to take a credit against your tax for the year in which you repaid it. Filing amended tax return 2011 Generally, you can claim a deduction or credit only if the repayment qualifies as an expense or loss incurred in your trade or business or in a for-profit transaction. Filing amended tax return 2011 Type of deduction. Filing amended tax return 2011   The type of deduction you are allowed in the year of repayment depends on the type of income you included in the earlier year. Filing amended tax return 2011 You generally deduct the repayment on the same form or schedule on which you previously reported it as income. Filing amended tax return 2011 For example, if you reported it as self-employment income, deduct it as a business expense on Schedule C or Schedule C-EZ (Form 1040) or Schedule F (Form 1040). Filing amended tax return 2011 If you reported it as a capital gain, deduct it as a capital loss as explained in the Instructions for Schedule D (Form 1040). Filing amended tax return 2011 If you reported it as wages, unemployment compensation, or other nonbusiness income, deduct it as a miscellaneous itemized deduction on Schedule A (Form 1040). Filing amended tax return 2011 Repaid social security benefits. Filing amended tax return 2011   If you repaid social security benefits or equivalent railroad retirement benefits, see Repayment of benefits in chapter 11. Filing amended tax return 2011 Repayment of $3,000 or less. Filing amended tax return 2011   If the amount you repaid was $3,000 or less, deduct it from your income in the year you repaid it. Filing amended tax return 2011 If you must deduct it as a miscellaneous itemized deduction, enter it on Schedule A (Form 1040), line 23. Filing amended tax return 2011 Repayment over $3,000. Filing amended tax return 2011   If the amount you repaid was more than $3,000, you can deduct the repayment (as explained under Type of deduction , earlier). Filing amended tax return 2011 However, you can choose instead to take a tax credit for the year of repayment if you included the income under a claim of right. Filing amended tax return 2011 This means that at the time you included the income, it appeared that you had an unrestricted right to it. Filing amended tax return 2011 If you qualify for this choice, figure your tax under both methods and compare the results. Filing amended tax return 2011 Use the method (deduction or credit) that results in less tax. Filing amended tax return 2011 When determining whether the amount you repaid was more or less than $3,000, consider the total amount being repaid on the return. Filing amended tax return 2011 Each instance of repayment is not considered separately. Filing amended tax return 2011 Method 1. Filing amended tax return 2011   Figure your tax for 2013 claiming a deduction for the repaid amount. Filing amended tax return 2011 If you must deduct it as a miscellaneous itemized deduction, enter it on Schedule A (Form 1040), line 28. Filing amended tax return 2011 Method 2. Filing amended tax return 2011   Figure your tax for 2013 claiming a credit for the repaid amount. Filing amended tax return 2011 Follow these steps. Filing amended tax return 2011 Figure your tax for 2013 without deducting the repaid amount. Filing amended tax return 2011 Refigure your tax from the earlier year without including in income the amount you repaid in 2013. Filing amended tax return 2011 Subtract the tax in (2) from the tax shown on your return for the earlier year. Filing amended tax return 2011 This is the credit. Filing amended tax return 2011 Subtract the answer in (3) from the tax for 2013 figured without the deduction (Step 1). Filing amended tax return 2011   If method 1 results in less tax, deduct the amount repaid. Filing amended tax return 2011 If method 2 results in less tax, claim the credit figured in (3) above on Form 1040, line 71, by adding the amount of the credit to any other credits on this line, and entering “I. Filing amended tax return 2011 R. Filing amended tax return 2011 C. Filing amended tax return 2011 1341” in the column to the right of line 71. Filing amended tax return 2011   An example of this computation can be found in Publication 525. Filing amended tax return 2011 Repaid wages subject to social security and Medicare taxes. Filing amended tax return 2011   If you had to repay an amount that you included in your wages or compensation in an earlier year on which social security, Medicare, or tier 1 RRTA taxes were paid, ask your employer to refund the excess amount to you. Filing amended tax return 2011 If the employer refuses to refund the taxes, ask for a statement indicating the amount of the overcollection to support your claim. Filing amended tax return 2011 File a claim for refund using Form 843, Claim for Refund and Request for Abatement. Filing amended tax return 2011 Repaid wages subject to Additional Medicare Tax. Filing amended tax return 2011   Employers cannot make an adjustment or file a claim for refund for Additional Medicare Tax withholding when there is a repayment of wages received by an employee in a prior year because the employee determines liability for Additional Medicare Tax on the employee's income tax return for the prior year. Filing amended tax return 2011 If you had to repay an amount that you included in your wages or compensation in an earlier year, and on which Additional Medicare Tax was paid, you may be able to recover the Additional Medicare Tax paid on the amount. Filing amended tax return 2011 To recover Additional Medicare Tax on the repaid wages or compensation, you must file Form 1040X, Amended U. Filing amended tax return 2011 S. Filing amended tax return 2011 Individual Income Tax Return, for the prior year in which the wages or compensation were originally received. Filing amended tax return 2011 See the Instructions for Form 1040X. Filing amended tax return 2011 Royalties Royalties from copyrights, patents, and oil, gas, and mineral properties are taxable as ordinary income. Filing amended tax return 2011 In most cases you report royalties in Part I of Schedule E (Form 1040). Filing amended tax return 2011 However, if you hold an operating oil, gas, or mineral interest or are in business as a self-employed writer, inventor, artist, etc. Filing amended tax return 2011 , report your income and expenses on Schedule C or Schedule C-EZ (Form 1040). Filing amended tax return 2011 Copyrights and patents. Filing amended tax return 2011   Royalties from copyrights on literary, musical, or artistic works, and similar property, or from patents on inventions, are amounts paid to you for the right to use your work over a specified period of time. Filing amended tax return 2011 Royalties generally are based on the number of units sold, such as the number of books, tickets to a performance, or machines sold. Filing amended tax return 2011 Oil, gas, and minerals. Filing amended tax return 2011   Royalty income from oil, gas, and mineral properties is the amount you receive when natural resources are extracted from your property. Filing amended tax return 2011 The royalties are based on units, such as barrels, tons, etc. Filing amended tax return 2011 , and are paid to you by a person or company who leases the property from you. Filing amended tax return 2011 Depletion. Filing amended tax return 2011   If you are the owner of an economic interest in mineral deposits or oil and gas wells, you can recover your investment through the depletion allowance. Filing amended tax return 2011 For information on this subject, see chapter 9 of Publication 535. Filing amended tax return 2011 Coal and iron ore. Filing amended tax return 2011   Under certain circumstances, you can treat amounts you receive from the disposal of coal and iron ore as payments from the sale of a capital asset, rather than as royalty income. Filing amended tax return 2011 For information about gain or loss from the sale of coal and iron ore, see Publication 544. Filing amended tax return 2011 Sale of property interest. Filing amended tax return 2011   If you sell your complete interest in oil, gas, or mineral rights, the amount you receive is considered payment for the sale of property used in a trade or business under section 1231, not royalty income. Filing amended tax return 2011 Under certain circumstances, the sale is subject to capital gain or loss treatment as explained in the Instructions for Schedule D (Form 1040). Filing amended tax return 2011 For more information on selling section 1231 property, see chapter 3 of Publication 544. Filing amended tax return 2011   If you retain a royalty, an overriding royalty, or a net profit interest in a mineral property for the life of the property, you have made a lease or a sublease, and any cash you receive for the assignment of other interests in the property is ordinary income subject to a depletion allowance. Filing amended tax return 2011 Part of future production sold. Filing amended tax return 2011   If you own mineral property but sell part of the future production, in most cases you treat the money you receive from the buyer at the time of the sale as a loan from the buyer. Filing amended tax return 2011 Do not include it in your income or take depletion based on it. Filing amended tax return 2011   When production begins, you include all the proceeds in your income, deduct all the production expenses, and deduct depletion from that amount to arrive at your taxable income from the property. Filing amended tax return 2011 Unemployment Benefits The tax treatment of unemployment benefits you receive depends on the type of program paying the benefits. Filing amended tax return 2011 Unemployment compensation. Filing amended tax return 2011   You must include in income all unemployment compensation you receive. Filing amended tax return 2011 You should receive a Form 1099-G showing in box 1 the total unemployment compensation paid to you. Filing amended tax return 2011 In most cases, you enter unemployment compensation on line 19 of Form 1040, line 13 of Form 1040A, or line 3 of Form 1040EZ. Filing amended tax return 2011 Types of unemployment compensation. Filing amended tax return 2011   Unemployment compensation generally includes any amount received under an unemployment compensation law of the United States or of a state. Filing amended tax return 2011 It includes the following benefits. Filing amended tax return 2011 Benefits paid by a state or the District of Columbia from the Federal Unemployment Trust Fund. Filing amended tax return 2011 State unemployment insurance benefits. Filing amended tax return 2011 Railroad unemployment compensation benefits. Filing amended tax return 2011 Disability payments from a government program paid as a substitute for unemployment compensation. Filing amended tax return 2011 (Amounts received as workers' compensation for injuries or illness are not unemployment compensation. Filing amended tax return 2011 See chapter 5 for more information. Filing amended tax return 2011 ) Trade readjustment allowances under the Trade Act of 1974. Filing amended tax return 2011 Unemployment assistance under the Disaster Relief and Emergency Assistance Act. Filing amended tax return 2011 Unemployment assistance under the Airline Deregulation Act of 1974 Program. Filing amended tax return 2011 Governmental program. Filing amended tax return 2011   If you contribute to a governmental unemployment compensation program and your contributions are not deductible, amounts you receive under the program are not included as unemployment compensation until you recover your contributions. Filing amended tax return 2011 If you deducted all of your contributions to the program, the entire amount you receive under the program is included in your income. Filing amended tax return 2011 Repayment of unemployment compensation. Filing amended tax return 2011   If you repaid in 2013 unemployment compensation you received in 2013, subtract the amount you repaid from the total amount you received and enter the difference on line 19 of Form 1040, line 13 of Form 1040A, or line 3 of Form 1040EZ. Filing amended tax return 2011 On the dotted line next to your entry enter “Repaid” and the amount you repaid. Filing amended tax return 2011 If you repaid unemployment compensation in 2013 that you included in income in an earlier year, you can deduct the amount repaid on Schedule A (Form 1040), line 23, if you itemize deductions. Filing amended tax return 2011 If the amount is more than $3,000, see Repayments , earlier. Filing amended tax return 2011 Tax withholding. Filing amended tax return 2011   You can choose to have federal income tax withheld from your unemployment compensation. Filing amended tax return 2011 To make this choice, complete Form W-4V, Voluntary Withholding Request, and give it to the paying office. Filing amended tax return 2011 Tax will be withheld at 10% of your payment. Filing amended tax return 2011    If you do not choose to have tax withheld from your unemployment compensation, you may be liable for estimated tax. Filing amended tax return 2011 If you do not pay enough tax, either through withholding or estimated tax, or a combination of both, you may have to pay a penalty. Filing amended tax return 2011 For more information on estimated tax, see chapter 4. Filing amended tax return 2011 Supplemental unemployment benefits. Filing amended tax return 2011   Benefits received from an employer-financed fund (to which the employees did not contribute) are not unemployment compensation. Filing amended tax return 2011 They are taxable as wages and are subject to withholding for income tax. Filing amended tax return 2011 They may be subject to social security and Medicare taxes. Filing amended tax return 2011 For more information, see Supplemental Unemployment Benefits in section 5 of Publication 15-A, Employer's Supplemental Tax Guide. Filing amended tax return 2011 Report these payments on line 7 of Form 1040 or Form 1040A or on line 1 of Form 1040EZ. Filing amended tax return 2011 Repayment of benefits. Filing amended tax return 2011   You may have to repay some of your supplemental unemployment benefits to qualify for trade readjustment allowances under the Trade Act of 1974. Filing amended tax return 2011 If you repay supplemental unemployment benefits in the same year you receive them, reduce the total benefits by the amount you repay. Filing amended tax return 2011 If you repay the benefits in a later year, you must include the full amount of the benefits received in your income for the year you received them. Filing amended tax return 2011   Deduct the repayment in the later year as an adjustment to gross income on Form 1040. Filing amended tax return 2011 (You cannot use Form 1040A or Form 1040EZ. Filing amended tax return 2011 ) Include the repayment on Form 1040, line 36, and enter “Sub-Pay TRA” and the amount on the dotted line next to line 36. Filing amended tax return 2011 If the amount you repay in a later year is more than $3,000, you may be able to take a credit against your tax for the later year instead of deducting the amount repaid. Filing amended tax return 2011 For more information on this, see Repayments , earlier. Filing amended tax return 2011 Private unemployment fund. Filing amended tax return 2011   Unemployment benefit payments from a private (nonunion) fund to which you voluntarily contribute are taxable only if the amounts you receive are more than your total payments into the fund. Filing amended tax return 2011 Report the taxable amount on Form 1040, line 21. Filing amended tax return 2011 Payments by a union. Filing amended tax return 2011   Benefits paid to you as an unemployed member of a union from regular union dues are included in your income on Form 1040, line 21. Filing amended tax return 2011 However, if you contribute to a special union fund and your payments to the fund are not deductible, the unemployment benefits you receive from the fund are includible in your income only to the extent they are more than your contributions. Filing amended tax return 2011 Guaranteed annual wage. Filing amended tax return 2011   Payments you receive from your employer during periods of unemployment, under a union agreement that guarantees you full pay during the year, are taxable as wages. Filing amended tax return 2011 Include them on line 7 of Form 1040 or Form 1040A or on line 1 of Form 1040EZ. Filing amended tax return 2011 State employees. Filing amended tax return 2011   Payments similar to a state's unemployment compensation may be made by the state to its employees who are not covered by the state's unemployment compensation law. Filing amended tax return 2011 Although the payments are fully taxable, do not report them as unemployment compensation. Filing amended tax return 2011 Report these payments on Form 1040, line 21. Filing amended tax return 2011 Welfare and Other Public Assistance Benefits Do not include in your income governmental benefit payments from a public welfare fund based upon need, such as payments to blind individuals under a state public assistance law. Filing amended tax return 2011 Payments from a state fund for the victims of crime should not be included in the victims' incomes if they are in the nature of welfare payments. Filing amended tax return 2011 Do not deduct medical expenses that are reimbursed by such a fund. Filing amended tax return 2011 You must include in your income any welfare payments that are compensation for services or that are obtained fraudulently. Filing amended tax return 2011 Reemployment Trade Adjustment Assistance (RTAA) payments. Filing amended tax return 2011   RTAA payments received from a state must be included in your income. Filing amended tax return 2011 The state must send you Form 1099-G to advise you of the amount you should include in income. Filing amended tax return 2011 The amount should be reported on Form 1040, line 21. Filing amended tax return 2011 Persons with disabilities. Filing amended tax return 2011   If you have a disability, you must include in income compensation you receive for services you perform unless the compensation is otherwise excluded. Filing amended tax return 2011 However, you do not include in income the value of goods, services, and cash that you receive, not in return for your services, but for your training and rehabilitation because you have a disability. Filing amended tax return 2011 Excludable amounts include payments for transportation and attendant care, such as interpreter services for the deaf, reader services for the blind, and services to help individuals with an intellectual disability do their work. Filing amended tax return 2011 Disaster relief grants. Filing amended tax return 2011    Do not include post-disaster grants received under the Robert T. Filing amended tax return 2011 Stafford Disaster Relief and Emergency Assistance Act in your income if the grant payments are made to help you meet necessary expenses or serious needs for medical, dental, housing, personal property, transportation, child care, or funeral expenses. Filing amended tax return 2011 Do not deduct casualty losses or medical expenses that are specifically reimbursed by these disaster relief grants. Filing amended tax return 2011 If you have deducted a casualty loss for the loss of your personal residence and you later receive a disaster relief grant for the loss of the same residence, you may have to include part or all of the grant in your taxable income. Filing amended tax return 2011 See Recoveries , earlier. Filing amended tax return 2011 Unemployment assistance payments under the Act are taxable unemployment compensation. Filing amended tax return 2011 See Unemployment compensation under Unemployment Benefits, earlier. Filing amended tax return 2011 Disaster relief payments. Filing amended tax return 2011   You can exclude from income any amount you receive that is a qualified disaster relief payment. Filing amended tax return 2011 A qualified disaster relief payment is an amount paid to you: To reimburse or pay reasonable and necessary personal, family, living, or funeral expenses that result from a qualified disaster; To reimburse or pay reasonable and necessary expenses incurred for the repair or rehabilitation of your home or repair or replacement of its contents to the extent it is due to a qualified disaster; By a person engaged in the furnishing or sale of transportation as a common carrier because of the death or personal physical injuries incurred as a result of a qualified disaster; or By a federal, state, or local government, or agency, or instrumentality in connection with a qualified disaster in order to promote the general welfare. Filing amended tax return 2011 You can exclude this amount only to the extent any expense it pays for is not paid for by insurance or otherwise. Filing amended tax return 2011 The exclusion does not apply if you were a participant or conspirator in a terrorist action or a representative of one. Filing amended tax return 2011   A qualified disaster is: A disaster which results from a terrorist or military action; A federally declared disaster; or A disaster which results from an accident involving a common carrier, or from any other event, which is determined to be catastrophic by the Secretary of the Treasury or his or her delegate. Filing amended tax return 2011   For amounts paid under item (4), a disaster is qualified if it is determined by an applicable federal, state, or local authority to warrant assistance from the federal, state, or local government, agency, or instrumentality. Filing amended tax return 2011 Disaster mitigation payments. Filing amended tax return 2011   You also can exclude from income any amount you receive that is a qualified disaster mitigation payment. Filing amended tax return 2011 Qualified disaster mitigation payments are also most commonly paid to you in the period immediately following damage to property as a result of a natural disaster. Filing amended tax return 2011 However, disaster mitigation payments are used to mitigate (reduce the severity of) potential damage from future natural disasters. Filing amended tax return 2011 They are paid to you through state and local governments based on the provisions of the Robert T. Filing amended tax return 2011 Stafford Disaster Relief and Emergency Assistance Act or the National Flood Insurance Act. Filing amended tax return 2011   You cannot increase the basis or adjusted basis of your property for improvements made with nontaxable disaster mitigation payments. Filing amended tax return 2011 Home Affordable Modification Program (HAMP). Filing amended tax return 2011   If you benefit from Pay-for-Performance Success Payments under HAMP, the payments are not taxable. Filing amended tax return 2011 Mortgage assistance payments under section 235 of the National Housing Act. Filing amended tax return 2011   Payments made under section 235 of the National Housing Act for mortgage assistance are not included in the homeowner's income. Filing amended tax return 2011 Interest paid for the homeowner under the mortgage assistance program cannot be deducted. Filing amended tax return 2011 Medicare. Filing amended tax return 2011   Medicare benefits received under title XVIII of the Social Security Act are not includible in the gross income of the individuals for whom they are paid. Filing amended tax return 2011 This includes basic (part A (Hospital Insurance Benefits for the Aged)) and supplementary (part B (Supplementary Medical Insurance Benefits for the Aged)). Filing amended tax return 2011 Old-age, survivors, and disability insurance benefits (OASDI). Filing amended tax return 2011   Generally, OASDI payments under section 202 of title II of the Social Security Act are not includible in the gross income of the individuals to whom they are paid. Filing amended tax return 2011 This applies to old-age insurance benefits, and insurance benefits for wives, husbands, children, widows, widowers, mothers and fathers, and parents, as well as the lump-sum death payment. Filing amended tax return 2011 Nutrition Program for the Elderly. Filing amended tax return 2011    Food benefits you receive under the Nutrition Program for the Elderly are not taxable. Filing amended tax return 2011 If you prepare and serve free meals for the program, include in your income as wages the cash pay you receive, even if you are also eligible for food benefits. Filing amended tax return 2011 Payments to reduce cost of winter energy. Filing amended tax return 2011   Payments made by a state to qualified people to reduce their cost of winter energy use are not taxable. Filing amended tax return 2011 Other Income The following brief discussions are arranged in alphabetical order. Filing amended tax return 2011 Other income items briefly discussed below are referenced to publications which provide more topical information. Filing amended tax return 2011 Activity not for profit. Filing amended tax return 2011   You must include on your return income from an activity from which you do not expect to make a profit. Filing amended tax return 2011 An example of this type of activity is a hobby or a farm you operate mostly for recreation and pleasure. Filing amended tax return 2011 Enter this income on Form 1040, line 21. Filing amended tax return 2011 Deductions for expenses related to the activity are limited. Filing amended tax return 2011 They cannot total more than the income you report and can be taken only if you itemize deductions on Schedule A (Form 1040). Filing amended tax return 2011 See Not-for-Profit Activities in chapter 1 of Publication 535 for information on whether an activity is considered carried on for a profit. Filing amended tax return 2011 Alaska Permanent Fund dividend. Filing amended tax return 2011   If you received a payment from Alaska's mineral income fund (Alaska Permanent Fund dividend), report it as income on line 21 of Form 1040, line 13 of Form 1040A, or line 3 of Form 1040EZ. Filing amended tax return 2011 The state of Alaska sends each recipient a document that shows the amount of the payment with the check. Filing amended tax return 2011 The amount also is reported to IRS. Filing amended tax return 2011 Alimony. Filing amended tax return 2011   Include in your income on Form 1040, line 11, any alimony payments you receive. Filing amended tax return 2011 Amounts you receive for child support are not income to you. Filing amended tax return 2011 Alimony and child support payments are discussed in chapter 18. Filing amended tax return 2011 Bribes. Filing amended tax return 2011   If you receive a bribe, include it in your income. Filing amended tax return 2011 Campaign contributions. Filing amended tax return 2011   These contributions are not income to a candidate unless they are diverted to his or her personal use. Filing amended tax return 2011 To be exempt from tax, the contributions must be spent for campaign purposes or kept in a fund for use in future campaigns. Filing amended tax return 2011 However, interest earned on bank deposits, dividends received on contributed securities, and net gains realized on sales of contributed securities are taxable and must be reported on Form 1120-POL, U. Filing amended tax return 2011 S. Filing amended tax return 2011 Income Tax Return for Certain Political Organizations. Filing amended tax return 2011 Excess campaign funds transferred to an office account must be included in the officeholder's income on Form 1040, line 21, in the year transferred. Filing amended tax return 2011 Car pools. Filing amended tax return 2011   Do not include in your income amounts you receive from the passengers for driving a car in a car pool to and from work. Filing amended tax return 2011 These amounts are considered reimbursement for your expenses. Filing amended tax return 2011 However, this rule does not apply if you have developed car pool arrangements into a profit-making business of transporting workers for hire. Filing amended tax return 2011 Cash rebates. Filing amended tax return 2011   A cash rebate you receive from a dealer or manufacturer of an item you buy is not income, but you must reduce your basis by the amount of the rebate. Filing amended tax return 2011 Example. Filing amended tax return 2011 You buy a new car for $24,000 cash and receive a $2,000 rebate check from the manufacturer. Filing amended tax return 2011 The $2,000 is not income to you. Filing amended tax return 2011 Your basis in the car is $22,000. Filing amended tax return 2011 This is the basis on which you figure gain or loss if you sell the car and depreciation if you use it for business. Filing amended tax return 2011 Casualty insurance and other reimbursements. Filing amended tax return 2011   You generally should not report these reimbursements on your return unless you are figuring gain or loss from the casualty or theft. Filing amended tax return 2011 See chapter 25 for more information. Filing amended tax return 2011 Child support payments. Filing amended tax return 2011   You should not report these payments on your return. Filing amended tax return 2011 See chapter 18 for more information. Filing amended tax return 2011 Court awards and damages. Filing amended tax return 2011   To determine if settlement amounts you receive by compromise or judgment must be included in your income, you must consider the item that the settlement replaces. Filing amended tax return 2011 The character of the income as ordinary income or capital gain depends on the nature of the underlying claim. Filing amended tax return 2011 Include the following as ordinary income. Filing amended tax return 2011 Interest on any award. Filing amended tax return 2011 Compensation for lost wages or lost profits in most cases. Filing amended tax return 2011 Punitive damages, in most cases. Filing amended tax return 2011 It does not matter if they relate to a physical injury or physical sickness. Filing amended tax return 2011 Amounts received in settlement of pension rights (if you did not contribute to the plan). Filing amended tax return 2011 Damages for: Patent or copyright infringement, Breach of contract, or Interference with business operations. Filing amended tax return 2011 Back pay and damages for emotional distress received to satisfy a claim under title VII of the Civil Rights Act of 1964. Filing amended tax return 2011 Attorney fees and costs (including contingent fees) where the underlying recovery is included in gross income. Filing amended tax return 2011   Do not include in your income compensatory damages for personal physical injury or physical sickness (whether received in a lump sum or installments). Filing amended tax return 2011 Emotional distress. Filing amended tax return 2011   Emotional distress itself is not a physical injury or physical sickness, but damages you receive for emotional distress due to a physical injury or sickness are treated as received for the physical injury or sickness. Filing amended tax return 2011 Do not include them in your income. Filing amended tax return 2011   If the emotional distress is due to a personal injury that is not due to a physical injury or sickness (for example, employment discrimination or injury to reputation), you must include the damages in your income, except for any damages you receive for medical care due to that emotional distress. Filing amended tax return 2011 Emotional distress includes physical symptoms that result from emotional distress, such as headaches, insomnia, and stomach disorders. Filing amended tax return 2011 Deduction for costs involved in unlawful discrimination suits. Filing amended tax return 2011   You may be able to deduct attorney fees and court costs paid to recover a judgment or settlement for a claim of unlawful discrimination under various provisions of federal, state, and local law listed in Internal Revenue Code section 62(e), a claim against the United States government, or a claim under section 1862(b)(3)(A) of the Social Security Act. Filing amended tax return 2011 For more information, see Publication 525. Filing amended tax return 2011 Credit card insurance. Filing amended tax return 2011   In most cases, if you receive benefits under a credit card disability or unemployment insurance plan, the benefits are taxable to you. Filing amended tax return 2011 These plans make the minimum monthly payment on your credit card account if you cannot make the payment due to injury, illness, disability, or unemployment. Filing amended tax return 2011 Report on Form 1040, line 21, the amount of benefits you received during the year that is more than the amount of the premiums you paid during the year. Filing amended tax return 2011 Down payment assistance. Filing amended tax return 2011   If you purchase a home and receive assistance from a nonprofit corporation to make the down payment, that assistance is not included in your income. Filing amended tax return 2011 If the corporation qualifies as a tax-exempt charitable organization, the assistance is treated as a gift and is included in your basis of the house. Filing amended tax return 2011 If the corporation does not qualify, the assistance is treated as a rebate or reduction of the purchase price and is not included in your basis. Filing amended tax return 2011 Employment agency fees. Filing amended tax return 2011   If you get a job through an employment agency, and the fee is paid by your employer, the fee is not includible in your income if you are not liable for it. Filing amended tax return 2011 However, if you pay it and your employer reimburses you for it, it is includible in your income. Filing amended tax return 2011 Energy conservation subsidies. Filing amended tax return 2011   You can exclude from gross income any subsidy provided, either directly or indirectly, by public utilities for the purchase or installation of an energy conservation measure for a dwelling unit. Filing amended tax return 2011 Energy conservation measure. Filing amended tax return 2011   This includes installations or modifications that are primarily designed to reduce consumption of electricity or natural gas, or improve the management of energy demand. Filing amended tax return 2011 Dwelling unit. Filing amended tax return 2011   This includes a house, apartment, condominium, mobile home, boat, or similar property. Filing amended tax return 2011 If a building or structure contains both dwelling and other units, any subsidy must be properly allocated. Filing amended tax return 2011 Estate and trust income. Filing amended tax return 2011    An estate or trust, unlike a partnership, may have to pay federal income tax. Filing amended tax return 2011 If you are a beneficiary of an estate or trust, you may be taxed on your share of its income distributed or required to be distributed to you. Filing amended tax return 2011 However, there is never a double tax. Filing amended tax return 2011 Estates and trusts file their returns on Form 1041, U. Filing amended tax return 2011 S. Filing amended tax return 2011 Income Tax Return for Estates and Trusts, and your share of the income is reported to you on Schedule K-1 (Form 1041). Filing amended tax return 2011 Current income required to be distributed. Filing amended tax return 2011   If you are the beneficiary of an estate or trust that must distribute all of its current income, you must report your share of the distributable net income, whether or not you actually received it. Filing amended tax return 2011 Current income not required to be distributed. Filing amended tax return 2011    If you are the beneficiary of an estate or trust and the fiduciary has the choice of whether to distribute all or part of the current income, you must report: All income that is required to be distributed to you, whether or not it is actually distributed, plus All other amounts actually paid or credited to you, up to the amount of your share of distributable net income. Filing amended tax return 2011 How to report. Filing amended tax return 2011   Treat each item of income the same way that the estate or trust would treat it. Filing amended tax return 2011 For example, if a trust's dividend income is distributed to you, you report the distribution as dividend income on your return. Filing amended tax return 2011 The same rule applies to distributions of tax-exempt interest and capital gains. Filing amended tax return 2011   The fiduciary of the estate or trust must tell you the type of items making up your share of the estate or trust income and any credits you are allowed on your individual income tax return. Filing amended tax return 2011 Losses. Filing amended tax return 2011   Losses of estates and trusts generally are not deductible by the beneficiaries. Filing amended tax return 2011 Grantor trust. Filing amended tax return 2011   Income earned by a grantor trust is taxable to the grantor, not the beneficiary, if the grantor keeps certain control over the trust. Filing amended tax return 2011 (The grantor is the one who transferred property to the trust. Filing amended tax return 2011 ) This rule applies if the property (or income from the property) put into the trust will or may revert (be returned) to the grantor or the grantor's spouse. Filing amended tax return 2011   Generally, a trust is a grantor trust if the grantor has a reversionary interest valued (at the date of transfer) at more than 5% of the value of the transferred property. Filing amended tax return 2011 Expenses paid by another. Filing amended tax return 2011   If your personal expenses are paid for by another person, such as a corporation, the payment may be taxable to you depending upon your relationship with that person and the nature of the payment. Filing amended tax return 2011 But if the payment makes up for a loss caused by that person, and only restores you to the position you were in before the loss, the payment is not includible in your income. Filing amended tax return 2011 Fees for services. Filing amended tax return 2011   Include all fees for your services in your income. Filing amended tax return 2011 Examples of these fees are amounts you receive for services you perform as: A corporate director, An executor, administrator, or personal representative of an estate, A manager of a trade or business you operated before declaring Chapter 11 bankruptcy, A notary public, or An election precinct official. Filing amended tax return 2011 Nonemployee compensation. Filing amended tax return 2011   If you are not an employee and the fees for your services from the same payer total $600 or more for the year, you may receive a Form 1099-MISC. Filing amended tax return 2011 You may need to report your fees as self-employment income. Filing amended tax return 2011 See Self-Employed Persons , in chapter 1, for a discussion of when you are considered self-employed. Filing amended tax return 2011 Corporate director. Filing amended tax return 2011   Corporate director fees are self-employment income. Filing amended tax return 2011 Report these payments on Schedule C or Schedule C-EZ (Form 1040). Filing amended tax return 2011 Personal representatives. Filing amended tax return 2011   All personal representatives must include in their gross income fees paid to them from an estate. Filing amended tax return 2011 If you are not in the trade or business of being an executor (for instance, you are the executor of a friend's or relative's estate), report these fees on Form 1040, line 21. Filing amended tax return 2011 If you are in the trade or business of being an executor, report these fees as self-employment income on Schedule C or Schedule C-EZ (Form 1040). Filing amended tax return 2011 The fee is not includible in income if it is waived. Filing amended tax return 2011 Manager of trade or business for bankruptcy estate. Filing amended tax return 2011   Include in your income all payments received from your bankruptcy estate for managing or operating a trade or business that you operated before you filed for bankruptcy. Filing amended tax return 2011 Report this income on Form 1040, line 21. Filing amended tax return 2011 Notary public. Filing amended tax return 2011    Report payments for these services on Schedule C or Schedule C-EZ (Form 1040). Filing amended tax return 2011 These payments are not subject to self-employment tax. Filing amended tax return 2011 See the separate instructions for Schedule SE (Form 1040) for details. Filing amended tax return 2011 Election precinct official. Filing amended tax return 2011    You should receive a Form W-2 showing payments for services performed as an election official or election worker. Filing amended tax return 2011 Report these payments on line 7 of Form 1040 or Form 1040A or on line 1 of Form 1040EZ. Filing amended tax return 2011 Foster care providers. Filing amended tax return 2011   Payments you receive from a state, political subdivision, or a qualified foster care placement agency for providing care to qualified foster individuals in your home generally are not included in your income. Filing amended tax return 2011 However, you must include in your income payments received for the care of more than 5 individuals age 19 or older and certain difficulty-of-care payments. Filing amended tax return 2011   A qualified foster individual is a person who: Is living in a foster family home, and Was placed there by: An agency of a state or one of its political subdivisions, or A qualified foster care placement agency. Filing amended tax return 2011 Difficulty-of-care payments. Filing amended tax return 2011   These are additional payments that are designated by the payer as compensation for providing the additional care that is required for physically, mentally, or emotionally handicapped qualified foster individuals. Filing amended tax return 2011 A state must determine that the additional compensation is needed, and the care for which the payments are made must be provided in your home. Filing amended tax return 2011   You must include in your income difficulty-of-care payments received for more than: 10 qualified foster individuals under age 19, or 5 qualified foster individuals age 19 or older. Filing amended tax return 2011 Maintaining space in home. Filing amended tax return 2011   If you are paid to maintain space in your home for emergency foster care, you must include the payment in your income. Filing amended tax return 2011 Reporting taxable payments. Filing amended tax return 2011    If you receive payments that you must include in your income, you are in business as a foster care provider and you are self-employed. Filing amended tax return 2011 Report the payments on Schedule C or Schedule C-EZ (Form 1040). Filing amended tax return 2011 See Publication 587, Business Use of Your Home, to help you determine the amount you can deduct for the use of your home. Filing amended tax return 2011 Found property. Filing amended tax return 2011   If you find and keep property that does not belong to you that has been lost or abandoned (treasure-trove), it is taxable to you at its fair market value in the first year it is your undisputed possession. Filing amended tax return 2011 Free tour. Filing amended tax return 2011   If you received a free tour from a travel agency for organizing a group of tourists, you must include its value in your income. Filing amended tax return 2011 Report the fair market value of the tour on Form 1040, line 21, if you are not in the trade or business of organizing tours. Filing amended tax return 2011 You cannot deduct your expenses in serving as the voluntary leader of the group at the group's request. Filing amended tax return 2011 If you organize tours as a trade or business, report the tour's value on Schedule C or Schedule C-EZ (Form 1040). Filing amended tax return 2011 Gambling winnings. Filing amended tax return 2011   You must include your gambling winnings in income on Form 1040, line 21. Filing amended tax return 2011 If you itemize your deductions on Schedule A (Form 1040), you can deduct gambling losses you had during the year, but only up to the amount of your winnings. Filing amended tax return 2011 Lotteries and raffles. Filing amended tax return 2011   Winnings from lotteries and raffles are gambling winnings. Filing amended tax return 2011 In addition to cash winnings, you must include in your income the fair market value of bonds, cars, houses, and other noncash prizes. Filing amended tax return 2011    If you win a state lottery prize payable in installments, see Publication 525 for more information. Filing amended tax return 2011 Form W-2G. Filing amended tax return 2011   You may have received a Form W-2G, Certain Gambling Winnings, showing the amount of your gambling winnings and any tax taken out of them. Filing amended tax return 2011 Include the amount from box 1 on Form 1040, line 21. Filing amended tax return 2011 Include the amount shown in box 4 on Form 1040, line 62, as federal income tax withheld. Filing amended tax return 2011 Reporting winnings and recordkeeping. Filing amended tax return 2011   For more information on reporting gam