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

1. Get Answers

Your online questions are customized to your unique tax situation.

2. Maximize your Refund

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

3. E-File for FREE

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

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

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

Free 2011 Tax

Amend Federal Tax Return1040x Amended FormWww Irs Gov E FileHow Far Back Can I Amend A Tax ReturnAmended Tax Return Form 2011Can I File A Amended Tax Return OnlineForm 1040nr SoftwareAmended Tax Return InstructionsTax Amendment Form 2013Can I File 2012 Taxes Without Filing 2011Blank Printable 1040ez FormHow Do I File My 2010 Tax ReturnCan You File 2012 Taxes In 2014Federal Tax Form 2012Forms TaxFree Tax ReturnsFile State Tax Return Free Online1040 Tax Forms Printable1040ez Tax Forms DownloadsTax Forms 2011How To File An Amended Tax Return 2013Hr Block Free MilitaryFederal Tax Return Forms 1040ezFree Tax AmendmentCan I File 2011 Tax Return OnlineFile State Income Tax FreeHow To File Back Income TaxesAarp Org TaxaideMilitary Tax Return CalculatorFree H&r Block EfileIncome Tax Return 2014Filing 2012 Tax Return LateAmend My 2011 TaxesFile Free State Tax ReturnMilitary OneAmended Tax Return 1098 T1040ez 2011 File Online1040ezFiling 2010 Taxes LateFree Online 2012 Tax Return

Free 2011 Tax

Free 2011 tax Index Symbols (ITIN), Filers who have certain child dependents with an Individual Taxpayer Identification Number (ITIN). Free 2011 tax 10% tax for early withdrawal from IRA or retirement plan (see Early withdrawal from deferred interest account, subheading: Tax on) 10-year tax option, 10-Year Tax Option 401(k) plans Tax treatment of contributions, Elective deferrals. Free 2011 tax 403(b) plans Rollovers, Rollovers, Rollover From Employer's Plan Into an IRA, Rollover from a qualified retirement plan into a Roth IRA. Free 2011 tax 457 plans (see Section 457 deferred compensation plans) 529 plans (see Qualified tuition programs) 59 rule, Age 59½ rule. Free 2011 tax 60 day rule, Time limit for making a rollover contribution. Free 2011 tax 70 rule, Age 70½ rule. Free 2011 tax , Nonresident alien spouse. Free 2011 tax A Abandonment of home, Abandonment. Free 2011 tax Abortion Deductibility as medical expense, Table 21-1. Free 2011 tax Medical and Dental Expenses Checklist. Free 2011 tax See Publication 502 for more information about these and other expenses. Free 2011 tax Abroad, citizens traveling or working, Employees of foreign governments or international organizations. Free 2011 tax , Foreign Employer, Travel Outside the United States, Travel Primarily for Business (see also Citizens outside U. Free 2011 tax S. Free 2011 tax ) (see also Foreign employment) Absence, temporary, Temporary absences. Free 2011 tax , Temporary absences. Free 2011 tax Accelerated death benefits, Accelerated Death Benefits, Exclusion for terminal illness. Free 2011 tax Accident insurance, Accident or Health Plan Cafeteria plans, Cafeteria plans. Free 2011 tax Long-term care, Long-term care coverage. Free 2011 tax , Long-Term Care Insurance Contracts Accidental death benefits, Accidental death benefits. Free 2011 tax Accidents, car, Deductible losses. Free 2011 tax Value determination, Car value. Free 2011 tax Willful negligence or intentional act as cause, Nondeductible losses. Free 2011 tax Accountable plans for employee reimbursements, Accountable Plans, Related to employer. Free 2011 tax Accountants Basis to include fees of, Cost Basis CPA review courses, Bar or CPA Review Course Accounting methods, Accounting Methods Accrual method (see Accrual method taxpayers) Cash method (see Cash method taxpayers) Change of Depreciation, to deduct unclaimed amount, Changing your accounting method to deduct unclaimed depreciation. Free 2011 tax Accounting periods, Accounting Periods Calendar year, When Do I Have To File?, Accounting Periods, Accounting period. Free 2011 tax Change in, standard deduction not allowed, Persons not eligible for the standard deduction. Free 2011 tax Fiscal year, Accounting Periods, Fiscal year taxpayers. Free 2011 tax , Fiscal Years Fringe benefits, Accounting period. Free 2011 tax Accrual method taxpayers, Accrual method. Free 2011 tax Taxes paid during tax year, deduction of, You must pay the tax during your tax year. Free 2011 tax Accumulation distribution of trusts Tax on, Other taxes. Free 2011 tax Accuracy-related penalties, Accuracy-related penalty. Free 2011 tax Acknowledgment, Acknowledgment. Free 2011 tax Activities not for profit, Activity not for profit. Free 2011 tax Address, Name and Address Change of, Change of Address Foreign, Foreign address. Free 2011 tax P. Free 2011 tax O. Free 2011 tax box, P. Free 2011 tax O. Free 2011 tax box. Free 2011 tax Address, filing, Where To File Adjusted basis, Adjusted Basis, Postponed gain from sale of home. Free 2011 tax Decreases to basis, Decreases to Basis Depreciation, Depreciation and section 179 deduction. Free 2011 tax Easements, Easements. Free 2011 tax Energy conservation subsidies exclusion, Exclusion of subsidies for energy conservation measures. Free 2011 tax Gifts, Property Received as a Gift Home sale (see Sale of home) Improvements, Improvements. Free 2011 tax Increases to basis, Increases to Basis Local assessments, Assessments for local improvements. Free 2011 tax Sales of property, Adjusted basis. Free 2011 tax Section 179 deduction, Depreciation and section 179 deduction. Free 2011 tax Adjusted gross income (AGI) Medical and dental expenses and limit of deduction, How Much of the Expenses Can You Deduct?, What Tax Form Do You Use? Retirement savings contribution credit, Special Rules Adjustments, Adjustments and tax preference items. Free 2011 tax Administrators, estate (see Executors and administrators) Adopted child, Exception for adopted child. Free 2011 tax , Adopted child. Free 2011 tax , Adopted child. Free 2011 tax , Taxpayer identification numbers for adoptees. Free 2011 tax Earned income credit, Adopted child. Free 2011 tax Adoption, Adoption Credit, Child with special needs. Free 2011 tax ATIN, Adoption taxpayer identification number (ATIN). Free 2011 tax , Adoption taxpayer identification number (ATIN). Free 2011 tax Child tax credit, Adopted child. Free 2011 tax (see also Child tax credit) Credits, Personal Expenses Married filing separately, Special Rules Taking, When to take the credit. Free 2011 tax Employer assistance, Adoption Assistance Exception for adopted child, Exception for adopted child. Free 2011 tax Exemption for child, Personal Expenses Expenses not deductible Foster care prior to, no charitable deduction, Foster parents. Free 2011 tax No charitable deduction for, Personal Expenses Foreign child, Foreign child. Free 2011 tax Medical and dental expenses of adopted child, Qualifying Child Taxpayer identification number, Adoption taxpayer identification number (ATIN). Free 2011 tax , Taxpayer identification numbers for aliens. Free 2011 tax Taxpayer identification numbers (TINs), Adoption taxpayer identification number (ATIN). Free 2011 tax Age Children's investments (see Children, subheading: Investment income of child under age 18) Form 1040EZ, taxpayer under 65 may use, You can use Form 1040EZ if all of the following apply. Free 2011 tax Gross income and filing requirements (Table 1-1), Introduction IRAs Contribution cutoff at age 70, Age 70½ rule. Free 2011 tax Distribution prior to age 59, Age 59½ rule. Free 2011 tax Distribution required at age 70, IRA owners. Free 2011 tax , Excess Accumulations (Insufficient Distributions) Pension distributions required at age 70, Age 70½. Free 2011 tax Retirement plan recipients over age 75, Who must use the General Rule. Free 2011 tax Roth IRAs, Is there an age limit for contributions?, Must you withdraw or use Roth IRA assets? Standard deduction for age 65 or older, Higher Standard Deduction for Age (65 or Older) Age test, Age Test (see Qualifying child) Agents, Losses on sales or trades of property. Free 2011 tax (see also Fiduciaries) Income paid to, Payment to an agent. Free 2011 tax Signing return, When someone can sign for you. Free 2011 tax AGI (see Adjusted gross income (AGI)) Agricultural workers (see Farmers) (see Farmworkers) Agriculture (see Farming) Aircraft Charitable gift of, deduction for fair market value, Cars, boats, and airplanes. Free 2011 tax Airline club dues Not entertainment expenses, Club dues and membership fees. Free 2011 tax Airplanes, donations of, Cars, boats, and airplanes. Free 2011 tax Airport transportation Business-related travel expense, Table 26-1. Free 2011 tax Travel Expenses You Can Deduct This chart summarizes expenses you can deduct when you travel away from home for business purposes. Free 2011 tax Alaska Standard meal allowance, Standard meal allowance for areas outside the continental United States. Free 2011 tax Alaska Permanent Fund dividends, Alaska Permanent Fund dividend. Free 2011 tax Child's dividends, Child's Alaska Permanent Fund dividends. Free 2011 tax Income from, You can use Form 1040EZ if all of the following apply. Free 2011 tax , You can use Form 1040A if all of the following apply. Free 2011 tax , Alaska Permanent Fund dividends. Free 2011 tax Investment income not to include, Investment income. Free 2011 tax Alaska Unemployment Compensation Fund, Contributions to state benefit funds. Free 2011 tax Alcohol rehabilitation centers Deductibility of medical expense, Table 21-1. Free 2011 tax Medical and Dental Expenses Checklist. Free 2011 tax See Publication 502 for more information about these and other expenses. Free 2011 tax Alcoholic beverages IRA prohibited transactions in, Collectibles. Free 2011 tax Aliens, Individual taxpayer identification number (ITIN) for aliens. Free 2011 tax , Not earned income. Free 2011 tax Dual-status (see Dual-status taxpayers) Filing required, Aliens Nonresident (see Nonresident aliens) Resident (see Resident aliens) Alimony, Alimony, Introduction, Spouse or former spouse. Free 2011 tax , Payments not alimony. Free 2011 tax , Payments to a third party. Free 2011 tax , Life insurance premiums. Free 2011 tax , Payments for jointly-owned home. Free 2011 tax , Mortgage payments. Free 2011 tax , Taxes and insurance. Free 2011 tax , Other payments to a third party. Free 2011 tax , Instruments Executed After 1984, Exception for instruments executed before 1985. Free 2011 tax , Alimony requirements. Free 2011 tax , Cash payment requirement. Free 2011 tax , Payments to a third party. Free 2011 tax , Payments designated as not alimony. Free 2011 tax , Spouses cannot be members of the same household. Free 2011 tax , Liability for payments after death of recipient spouse. Free 2011 tax , Substitute payments. Free 2011 tax , How To Deduct Alimony Paid, How To Report Alimony Received, Recapture Rule, Including the recapture in income. Free 2011 tax , Deducting the recapture. Free 2011 tax Definition of, Introduction Mortgage payments Interest deduction, Divorced or separated individuals. Free 2011 tax Reporting of income, Alimony. Free 2011 tax Alternative filing methods Electronic (see E-file ) Alternative minimum tax (AMT), Alternative Minimum Tax (AMT) Child's tax, figuring of, Alternative minimum tax. Free 2011 tax Exempt-interest dividends, Alternative minimum tax treatment. Free 2011 tax Filing requirements (Table 1-3), Figuring tax. Free 2011 tax Incentive stock option, You can use Form 1040A if all of the following apply. Free 2011 tax Nonrefundable credit for prior year tax, Nonrefundable Credit for Prior Year Minimum Tax Alternative motor vehicle credit, Alternative Motor Vehicle Credit, Amount of credit. Free 2011 tax Ambulance service personnel Life insurance proceeds when death in line of duty, Public Safety Officer Killed in the Line of Duty Amended returns, Amended Returns and Claims for Refund, Form 1040X. Free 2011 tax , Filing Form 1040X. Free 2011 tax (see also Form 1040X) Itemized deduction, change to standard deduction, Changing your mind. Free 2011 tax Standard deduction, change to itemized deductions, Changing your mind. Free 2011 tax American citizens abroad, U. Free 2011 tax S. Free 2011 tax Citizens and Resident Aliens Living Abroad (see also Citizens outside U. Free 2011 tax S. Free 2011 tax ) Employment (see Foreign employment) American Indians (see Indians) American opportunity credit Tuition deduction and, Who Cannot Claim the Deduction American Samoa Income from, Individuals With Income From U. Free 2011 tax S. Free 2011 tax Possessions Amortization Bond premiums, treatment of, Amortization of bond premium. Free 2011 tax AMT (see Alternative minimum tax (AMT)) Annuities, Rollovers (see also Rollovers) Cost computation, Cost (Investment in the Contract) Decedent's unrecovered investment in, Form W-2. Free 2011 tax Early distributions from, Tax on Early Distributions Deferred annuity contracts, 5% rate on certain early distributions from deferred annuity contracts. Free 2011 tax , Additional exceptions for nonqualified annuity contracts. Free 2011 tax Estimated tax, Withholding and estimated tax. Free 2011 tax Exclusion limit, Exclusion limit. Free 2011 tax General Rule Annuity starting before November 19, 1996, Annuity starting before November 19, 1996. Free 2011 tax Nonqualified plans and qualified plans for recipients over 75 years, Who must use the General Rule. Free 2011 tax Purchased annuities, Purchased annuities. Free 2011 tax Survivor's annuity, Survivors of retirees. Free 2011 tax Guaranteed payments, Guaranteed payments. Free 2011 tax IRAs as, Kinds of traditional IRAs. Free 2011 tax Joint return, Joint return. Free 2011 tax Loans from plan, Loans. Free 2011 tax Lump-sum distributions, Lump-Sum Distributions Multiple plan benefits, More than one program. Free 2011 tax , More than one annuity. Free 2011 tax Partly taxable payments, Partly taxable payments. Free 2011 tax Purchased annuities, Purchased annuities. Free 2011 tax Reporting of, How To Report Retirement annuities, Retirement Plans, Pensions, and Annuities (see also Retirement plans) Rollovers, Rollovers Sale of, Sale of Annuity Gain as ordinary income, Tax-free exchange. Free 2011 tax Simplified method to calculate tax-free part of annuity payment, Simplified Method Survivor's annuity, Survivors of retirees. Free 2011 tax Worksheet for computation, How to use the Simplified Method. Free 2011 tax Survivor annuities, Survivors and Beneficiaries Trade of insurance policies and annuities, Insurance policies and annuities. Free 2011 tax Unrecovered investment, Unrecovered Investment in Annuity Withholding, Form W-2. Free 2011 tax , Pensions and Annuities, Withholding and estimated tax. Free 2011 tax Annulled marriages Filing status, Annulled marriages. Free 2011 tax Anthrax incidents (see Terrorist attacks) Antiques (see Collectibles) Appliances Deterioration and damage, not casualty loss, Progressive deterioration. Free 2011 tax Appraisal fees, Appraisal Fees Donated property, Appraisal Fees Not deductible as interest, Amounts charged for services. Free 2011 tax Real estate transactions, when required by lender, Settlement costs. Free 2011 tax Appraisals Casualty or theft losses, Appraisal. Free 2011 tax , Costs of photographs and appraisals. Free 2011 tax Archer MSAs, Medical savings accounts (MSAs). Free 2011 tax Contributions, Archer MSA contributions. Free 2011 tax Medical expenses paid for decedent from, Decedent Not deductible as medical expense, Table 21-1. Free 2011 tax Medical and Dental Expenses Checklist. Free 2011 tax See Publication 502 for more information about these and other expenses. Free 2011 tax Armed forces, Types of Qualified Organizations, Table 24-1. Free 2011 tax Examples of Charitable Contributions—A Quick Check, Armed Forces reservists. Free 2011 tax (see also Reservists) (see also Veterans' organizations) Combat zone Extension to file return, Individuals Serving in Combat Zone Signing return for spouse, Spouse in combat zone. Free 2011 tax Dependency allotments, Armed Forces dependency allotments. Free 2011 tax Disability pay, Disability. Free 2011 tax Disability pensions, Military and Government Disability Pensions GI Bill benefits, Tuition payments and allowances under the GI Bill. Free 2011 tax Military, Military uniforms. Free 2011 tax Military quarters allotments, Tax-exempt military quarters allowances. Free 2011 tax Naval officers on permanent duty aboard ship, Members of the Armed Forces. Free 2011 tax Permanent duty overseas, Members of the Armed Forces. Free 2011 tax Real estate taxes when receiving housing allowance, Ministers' and military housing allowances. Free 2011 tax , Ministers' and military housing allowance. Free 2011 tax Rehabilitative program payments, Veterans' benefits. Free 2011 tax Reserves, Armed Forces reservists traveling more than 100 miles from home. Free 2011 tax Retirees' pay Taxable income, Military retirement pay. Free 2011 tax Uniforms, Military uniforms. Free 2011 tax Wages, Military Armed Forces Retiree's pay withholding, Military retirees. Free 2011 tax Art works As capital assets, Capital Assets and Noncapital Assets, Gold, silver, stamps, coins, gems, etc. Free 2011 tax Capital gains or losses from sale or trade of, Investment interest deducted. Free 2011 tax Artists, performing (see Performing artists) Assessments, local (see Local assessments) Assistance (see Tax help) Assistance, tax (see Tax help) Assumption of mortgage, Assumption of mortgage. Free 2011 tax Fees not included in basis, Settlement costs. Free 2011 tax At-risk rules Rental property, At-Risk Rules Athletic events Charitable contributions, amount deductible, Athletic events. Free 2011 tax ATIN (Adoption taxpayer identification number), Adoption taxpayer identification number (ATIN). Free 2011 tax Attachment of wages, Garnisheed wages. Free 2011 tax Attachments to return, Attachments Attorneys Bar review courses, Bar or CPA Review Course Attorneys' fees, Legal Expenses, Personal Legal Expenses Basis to include, Cost Basis Social security and railroad retirement benefits, deductions for, Legal expenses. Free 2011 tax Title to property, for preparation, filing, etc. Free 2011 tax , Settlement costs. Free 2011 tax Audits Travel expense records, If your return is examined. Free 2011 tax Auto insurance Medical expenses covered by, not deductible, Table 21-1. Free 2011 tax Medical and Dental Expenses Checklist. Free 2011 tax See Publication 502 for more information about these and other expenses. Free 2011 tax Automatic extension of time to file, Automatic Extension, When to file. Free 2011 tax Form 4868, E-file options. Free 2011 tax Automatic investment services Holding period, determination of, Automatic investment service. Free 2011 tax Awards (see Prizes and awards) Away-from-home travel (see Travel and transportation expenses) B Babysitting, Babysitting. Free 2011 tax Back pay, award for, Back pay awards. Free 2011 tax Emotional distress damages under title VII of Civil Rights Act of 1964, Court awards and damages. Free 2011 tax Backup withholding, Backup Withholding, Backup withholding. Free 2011 tax , Backup withholding. Free 2011 tax Dividend income, Backup withholding. Free 2011 tax , Reporting tax withheld. Free 2011 tax Penalties, Penalties. Free 2011 tax Bad debts Bank deposit, loss due to bank's insolvency or bankruptcy, Nonbusiness bad debt. Free 2011 tax Reporting on Schedule D (Form 1040), How to report. Free 2011 tax Claim for refund, Exceptions for special types of refunds. Free 2011 tax , Filing a claim for refund. Free 2011 tax Nonbusiness, Nonbusiness Bad Debts Recovery, Recoveries Reporting of, How to report bad debts. Free 2011 tax Short-term capital loss, How to report bad debts. Free 2011 tax When deductible, When deductible. Free 2011 tax Baggage Business-related travel expense, Table 26-1. Free 2011 tax Travel Expenses You Can Deduct This chart summarizes expenses you can deduct when you travel away from home for business purposes. Free 2011 tax Balance due, Refund or balance due. Free 2011 tax Bankruptcy Canceled debt not deemed to be income, Excluded debt. Free 2011 tax Financial institution's bankruptcy causing deductible loss, Loss on Deposits Reporting of, Loss on deposits. Free 2011 tax Banks Automatic investment service, determination of holding period, Automatic investment service. Free 2011 tax IRAs with, When and How Can a Traditional IRA Be Opened? Losses on deposits, when casualty losses, Deposit in Insolvent or Bankrupt Financial Institution, Loss on Deposits Reporting of, Loss on deposits. Free 2011 tax Money market accounts, Money Market Funds Bar associations Charitable contributions to, Contributions to Nonqualified Organizations Bar employees Tips (see Tip income) Bar review courses, Bar or CPA Review Course Bargain sales As charitable contributions, Bargain sales. Free 2011 tax Basis of purchase, Bargain purchases. Free 2011 tax Barter income, Bartering Definition of bartering, Bartering Form 1099-B, Form 1099-B from barter exchange. Free 2011 tax Basis Adjusted basis, Adjusted Basis Allocation between business and personal use, Introduction Bad debts, Basis in bad debt required. Free 2011 tax Bargain purchases, Bargain purchases. Free 2011 tax Bonds, Stocks and Bonds, Bond premium. Free 2011 tax Cost basis, Useful Items - You may want to see: IRAs for nondeductible contributions, Cost basis. Free 2011 tax , Partly taxable. Free 2011 tax Definition of, Introduction Gifts, Property Received as a Gift Home sales (see Sale of home) Improvements to real estate, Improvements. Free 2011 tax Involuntary conversion, Involuntary Conversions Like-kind exchanges, Basis of property received. Free 2011 tax Other than cost, Basis Other Than Cost, Tax-exempt obligations. Free 2011 tax , No gain or loss. Free 2011 tax Points not to be included, Settlement costs. Free 2011 tax , Points. Free 2011 tax Property received for services, Property Received for Services Real estate, Real Property Restricted property, Restricted property. Free 2011 tax Stock or stock rights, Basis. Free 2011 tax Tax-exempt obligations Bonds, Tax-exempt obligations. Free 2011 tax Transfers between spouses, Property Transferred From a Spouse, Transfers Between Spouses Beetles Damage or destruction to trees and plants, when casualty loss, Progressive deterioration. Free 2011 tax Beneficiaries, Beneficiary of an estate or trust. Free 2011 tax , Rollover by surviving spouse. Free 2011 tax , Estate and trust income. Free 2011 tax , Losses. Free 2011 tax (see also Estate beneficiaries) (see also Trust beneficiaries) Bequests, Estate and trust income. Free 2011 tax , Losses. Free 2011 tax , Gifts and inheritances. Free 2011 tax , Income from property received as a gift. Free 2011 tax (see also Estate beneficiaries) (see also Gifts) (see also Inheritance) Bicycle Fringe benefit, Qualified bicycle commuting. Free 2011 tax Bingo, Table 24-1. Free 2011 tax Examples of Charitable Contributions—A Quick Check, Contributions From Which You Benefit Birth control pills, Table 21-1. Free 2011 tax Medical and Dental Expenses Checklist. Free 2011 tax See Publication 502 for more information about these and other expenses. Free 2011 tax Birth of child, Death or birth of child. Free 2011 tax Head of household, qualifying person to file as, Death or birth. Free 2011 tax , Death or birth. Free 2011 tax Social security number to be obtained, Born and died in 2013. Free 2011 tax Birth of dependent, Death or birth. Free 2011 tax Blackmail Losses due to, Theft Blind persons Exemption from withholding, Age 65 or older or blind. Free 2011 tax Guide dogs, deductible as medical expense, Table 21-1. Free 2011 tax Medical and Dental Expenses Checklist. Free 2011 tax See Publication 502 for more information about these and other expenses. Free 2011 tax Impairment-related work expenses, deduction for, Impairment-Related Work Expenses Standard deduction for, Introduction, Higher Standard Deduction for Blindness Blood banks No charitable deduction for blood donations to, Table 24-1. Free 2011 tax Examples of Charitable Contributions—A Quick Check, Value of Time or Services Blue books to determine fair market value, Cars, boats, and airplanes. Free 2011 tax Boats Charitable gift of, deduction for fair market value, Cars, boats, and airplanes. Free 2011 tax Donations of, Cars, boats, and airplanes. Free 2011 tax Body scan, Table 21-1. Free 2011 tax Medical and Dental Expenses Checklist. Free 2011 tax See Publication 502 for more information about these and other expenses. Free 2011 tax Bona fide business purpose Travel expenses, Bona fide business purpose. Free 2011 tax Work-related education, Qualifying Work-Related Education Bonds Adjusted basis for, Stocks and Bonds Amortization of premium, Amortization of bond premium. Free 2011 tax , Amortizable Premium on Taxable Bonds As capital assets, Capital Assets and Noncapital Assets, Stocks, stock rights, and bonds. Free 2011 tax Convertible bonds, Convertible stocks and bonds. Free 2011 tax Discounted Capital gain or loss, Discounted Debt Instruments Issued at discount, Original Issue Discount (OID) Market discount bonds, Market discount bonds. Free 2011 tax Original issue discount, Original Issue Discount (OID) Redemption of, Redemption or retirement of bonds. Free 2011 tax Retirement of, Retirement bonds. Free 2011 tax , Redemption or retirement of bonds. Free 2011 tax Sale of, Bonds Sold Between Interest Dates Savings, U. Free 2011 tax S. Free 2011 tax Savings Bonds, Series HH bonds. Free 2011 tax , Series EE and series I bonds. Free 2011 tax Sold at premium, computation of adjusted basis, Bond premium. Free 2011 tax State or local government, tax-exempt, Tax-exempt state and local government bonds. Free 2011 tax Tax-exempt, State or Local Government Obligations Bonuses, Supplemental Wages, Bonuses and awards. Free 2011 tax , Employee awards or bonuses. Free 2011 tax Bookkeeping (see Recordkeeping requirements) Books to determine fair market value, Car value. Free 2011 tax Borrowed funds, Loans. Free 2011 tax , Items You Cannot Deduct (see also Loans) Used for charitable contributions, deduction for, Borrowed funds. Free 2011 tax Bottled water, Table 21-1. Free 2011 tax Medical and Dental Expenses Checklist. Free 2011 tax See Publication 502 for more information about these and other expenses. Free 2011 tax Boy Scouts Charitable contributions to, Examples. Free 2011 tax , Table 24-1. Free 2011 tax Examples of Charitable Contributions—A Quick Check Braille books, Table 21-1. Free 2011 tax Medical and Dental Expenses Checklist. Free 2011 tax See Publication 502 for more information about these and other expenses. Free 2011 tax Breach of contract Damages as income, Court awards and damages. Free 2011 tax employment, Damages for Breach of Employment Contract Breast pump and supplies, Table 21-1. Free 2011 tax Medical and Dental Expenses Checklist. Free 2011 tax See Publication 502 for more information about these and other expenses. Free 2011 tax Bribes, Bribes. Free 2011 tax , List of Nondeductible Expenses Brokers Form 1099-B, Sales and Trades IRAs with, When and How Can a Traditional IRA Be Opened? Commissions, Brokers' commissions. Free 2011 tax , Brokers' commissions. Free 2011 tax Receiving dividends, reporting on Form 1099-MISC, Form 1099-MISC. Free 2011 tax Burglary Losses due to, Theft Burial expenses, List of Nondeductible Expenses (see Funerals) Business associates, Meals and Incidental Expenses, Entertainment Expenses (see also Entertainment expenses) Business travel to meet, Transportation Expenses Travel expenses of, paying for, Business associate. Free 2011 tax Business expenses, Meals and Incidental Expenses, Entertainment Expenses (see also Entertainment expenses) Job search expenses, Job interview expenses. Free 2011 tax Meal expenses (see Meal and lodging expenses) Reimbursements, Expense allowances. Free 2011 tax , Allowances and reimbursements. Free 2011 tax Returning excess for business expenses, Returning Excess Reimbursements Returning excess business expenses, Expense allowances. Free 2011 tax Travel (see Travel and transportation expenses) Work-related education, What Expenses Can Be Deducted Business organizations Charitable contributions to, Contributions to Nonqualified Organizations Business property As gift, adjusted basis for, Business property. Free 2011 tax Basis for depreciation, Basis for depreciation. Free 2011 tax Property use changed to, adjusted basis for, Property Changed From Personal to Business or Rental Use Sales or exchanges Like-kind exchanges, Like-kind exchanges. Free 2011 tax Business tax credits Claim for refund, Exceptions for special types of refunds. Free 2011 tax Business use of home, Home Office C Cafeteria plans, Cafeteria plans. Free 2011 tax Calendar year taxpayers Accounting periods, When Do I Have To File?, Accounting Periods, Accounting period. Free 2011 tax Filing due date, When Do I Have To File? California Nonoccupational Disability Benefit Fund, Contributions to state benefit funds. Free 2011 tax Campaign contributions, Campaign contributions. Free 2011 tax , Table 24-1. Free 2011 tax Examples of Charitable Contributions—A Quick Check, Contributions to Nonqualified Organizations Presidential Election Campaign Fund, Presidential Election Campaign Fund Campaign expenses, Campaign Expenses Canada Resident of, Citizen or Resident Test, Child in Canada or Mexico. Free 2011 tax Cancellation of debt, Canceled Debts Exceptions to treatment as income, Exceptions Candidates for public office Contributions to, no charitable deduction for, Table 24-1. Free 2011 tax Examples of Charitable Contributions—A Quick Check, Contributions to Nonqualified Organizations Capital assets Coal and iron ore, Coal and iron ore. Free 2011 tax Definition of, Capital Assets and Noncapital Assets Capital expenses, Capital expenses. Free 2011 tax Capital gains or losses, Capital Gains and Losses, How to report and postpone gain. Free 2011 tax , Reporting Gains and Losses Bad debts as short-term capital loss, How to report bad debts. Free 2011 tax Carryover of, Long-term gains and losses. Free 2011 tax , Capital loss carryover. Free 2011 tax Worksheet, Figuring your carryover. Free 2011 tax Character of gain, Capital Gains and Losses Character of loss, Capital Gains and Losses Child's distributions and dividends, reporting of, Child's capital gain distributions. Free 2011 tax , Capital gain distributions and qualified dividends. Free 2011 tax Collectibles, Investment interest deducted. Free 2011 tax Deductions, Capital Losses Limit on, Limit on deduction. Free 2011 tax Distributions, Money Market Funds Form 1040 or 1040A to be used, You can use Form 1040A if all of the following apply. Free 2011 tax , How To Report Dividend Income Form 8949, Reporting Gains and Losses Hobbies, sales from collections, Hobby losses. Free 2011 tax Holding period, determination of, Holding Period How to report, Reporting Capital Gains and Losses Installment sales and, Installment sales. Free 2011 tax Lump-sum distributions from pensions and annuities, Capital Gain Treatment Mutual funds paying, Capital Gain Distributions Net capital gain, Capital Gains and Losses, Long-term gains and losses. Free 2011 tax , Capital Gain Tax Rates Included as investment income, Choosing to include net capital gain. Free 2011 tax Net long-term capital loss, Long-term gains and losses. Free 2011 tax Sale of personal items, Sale of personal items. Free 2011 tax Sale or trade of property held more than 1 year, Long-term or short-term. Free 2011 tax , Long-term gains and losses. Free 2011 tax Schedule D, Reporting Gains and Losses , Reporting Capital Gains and Losses Section 1250 gains from sale of real property, Capital Gains and Losses, Unrecaptured section 1250 gain. Free 2011 tax State or local government bonds, tax-exempt, Tax-exempt state and local government bonds. Free 2011 tax Tax rates, Capital Gain Tax Rates Total net gain, Total net gain or loss. Free 2011 tax Total net loss, Total net gain or loss. Free 2011 tax Undistributed gains, Long-term gains and losses. Free 2011 tax Credit for tax on, Undistributed capital gains of mutual funds and REITs. Free 2011 tax , Credit for Tax on Undistributed Capital Gain Car expenses, Car expenses. Free 2011 tax Car pools, Car pools. Free 2011 tax , Car pools. Free 2011 tax Carrybacks Business tax credit carrybacks, Exceptions for special types of refunds. Free 2011 tax Carryovers Capital loss, Long-term gains and losses. Free 2011 tax , Capital loss carryover. Free 2011 tax Worksheet, Figuring your carryover. Free 2011 tax Investment interest, Limit on Deduction Cars, Transportation, Transporting school children. Free 2011 tax , Car Expenses and Other Employee Business Expenses, Car Expenses (see also Standard mileage rates) (see also Travel and transportation) Accidents resulting in casualty loss, Deductible losses. Free 2011 tax Value determination, Car value. Free 2011 tax Willful negligence or intentional act as cause, Nondeductible losses. Free 2011 tax Actual expenses, Car Expenses, Actual Car Expenses Advertising displays on, Advertising display on car. Free 2011 tax Allowances from employers, Per Diem and Car Allowances As capital assets, Capital Assets and Noncapital Assets Blue book to determine fair market value, Cars, boats, and airplanes. Free 2011 tax Books to determine fair market value, Car value. Free 2011 tax Business and personal use, allocation between, Business and personal use. Free 2011 tax , Separating expenses. Free 2011 tax Business-related travel expenses, Table 26-1. Free 2011 tax Travel Expenses You Can Deduct This chart summarizes expenses you can deduct when you travel away from home for business purposes. Free 2011 tax Car pools, Car pools. Free 2011 tax Charitable gift of, deduction for fair market value, Cars, boats, and airplanes. Free 2011 tax Charitable organization service, use for, Car expenses. Free 2011 tax Depreciation, Depreciation and section 179 deductions. Free 2011 tax Donations of, Cars, boats, and airplanes. Free 2011 tax Fixed and variable rate (FAVR), Fixed and variable rate (FAVR). Free 2011 tax Form 2106 or 2106-EZ, how to fill out, Car expenses. Free 2011 tax Hauling tools or instruments, Hauling tools or instruments. Free 2011 tax Interest on loans, not deductible, Personal Interest Leased vehicles, Leasing a car. Free 2011 tax Medical transportation, Table 21-1. Free 2011 tax Medical and Dental Expenses Checklist. Free 2011 tax See Publication 502 for more information about these and other expenses. Free 2011 tax , Transportation, Car expenses. Free 2011 tax Parking (see Parking fees) Personal property taxes on, deduction of, Personal Property Taxes Reporting of, How To Report Table 26-3 showing forms to be used, Per diem allowance more than federal rate. Free 2011 tax Sale, trade-in, or other disposition, Sale, Trade-In, or Other Disposition Section 179 deductions, Depreciation and section 179 deductions. Free 2011 tax Work-related education, transportation for, Using your car. Free 2011 tax Cash Dividends paid as, Introduction Rebates, Cash rebates. Free 2011 tax Sales of property for, Payment of cash. Free 2011 tax Cash contributions, records to keep, Cash Contributions Cash method taxpayers, Cash method. Free 2011 tax Bad debts, Basis in bad debt required. Free 2011 tax Points, deduction of, Deduction Allowed in Year Paid Real estate transactions, tax allocation, Division of real estate taxes between buyers and sellers. Free 2011 tax Taxes paid during tax year, deduction of, You must pay the tax during your tax year. Free 2011 tax Worthless securities and negotiable promissory notes, Worthless securities. Free 2011 tax Cash rebates, Cash rebates. Free 2011 tax Casualties, Home destroyed or condemned. Free 2011 tax Casualty insurance Premiums not in property basis, Settlement costs. Free 2011 tax Reimbursements from, Casualty insurance and other reimbursements. Free 2011 tax Casualty losses, Nonbusiness Casualty and Theft Losses, Net operating loss (NOL). Free 2011 tax , Casualty and Theft Losses, Casualty and Theft Losses of Income-Producing Property Adjusted basis in property, Casualty and theft losses. Free 2011 tax , Involuntary Conversions, Adjusted Basis, Adjustments to basis. Free 2011 tax Amount of loss, Figuring a Loss Appraisals, Appraisal. Free 2011 tax , Costs of photographs and appraisals. Free 2011 tax Bank deposit, loss due to bank's insolvency or bankruptcy, Casualty loss or ordinary loss. Free 2011 tax Costs Cleaning up or making repairs, Cost of cleaning up or making repairs. Free 2011 tax Photographs and appraisals, Costs of photographs and appraisals. Free 2011 tax Deductible losses, Deductible losses. Free 2011 tax $100 rule, $100 Rule When to take (Table 25-2), Gains more than losses. Free 2011 tax Deduction limits, Deduction Limits For personal property (Table 25-1), Actual reimbursement same as expected. Free 2011 tax Definition of casualty, Casualty Disasters, Employer's emergency disaster fund. Free 2011 tax , Disaster relief. Free 2011 tax (see also Disaster relief) Employer's emergency disaster fund, Employer's emergency disaster fund. Free 2011 tax Fair market value of property, Decrease in Fair Market Value Form 4684 to be filed, Forms to file. Free 2011 tax Insurance proceeds, treatment of, Insurance and Other Reimbursements Net operating losses, Net operating loss (NOL). Free 2011 tax Nondeductible losses, Deductible losses. Free 2011 tax Proof of loss, Casualty loss proof. Free 2011 tax Property used partly for business and partly for personal purposes, Property used partly for business and partly for personal purposes. Free 2011 tax Reimbursement, Insurance and Other Reimbursements Reporting of gain or loss, When To Report Gains and Losses, Losses. Free 2011 tax , How To Report Gains and Losses Single casualty on multiple properties, Single Casualty on Multiple Properties Cemeteries Charitable contributions to, Types of Qualified Organizations Certificate, mortgage credit, Who qualifies. Free 2011 tax Certificates of deposit (CDs), Certificates of deposit (CDs). Free 2011 tax , Individual Retirement Arrangements (IRAs) (see also Individual retirement arrangements (IRAs)) Chambers of commerce Charitable contributions to, Table 24-1. Free 2011 tax Examples of Charitable Contributions—A Quick Check, Contributions to Nonqualified Organizations Entertainment expenses for attending meetings, Trade association meetings. Free 2011 tax Change of address, Change of Address Change of name, Name change. Free 2011 tax , Name changed. Free 2011 tax Chaplains Life insurance proceeds when death in line of duty, Public Safety Officer Killed in the Line of Duty Charitable contributions, Contributions, Introduction, Organizations That Qualify To Receive Deductible Contributions, Types of Qualified Organizations, Contributions You Can Deduct, Contributions From Which You Benefit, Table 24-1. Free 2011 tax Examples of Charitable Contributions—A Quick Check, Token items. Free 2011 tax , Written statement. Free 2011 tax , Contributions You Cannot Deduct, Contributions to Individuals, Contributions to Nonqualified Organizations, Contributions From Which You Benefit, Contributions of Property, Determining Fair Market Value, Large quantities. Free 2011 tax , Giving Property That Has Decreased in Value, Giving Property That Has Increased in Value, Ordinary income property. Free 2011 tax , Capital gain property. Free 2011 tax , Amount of deduction — general rule. Free 2011 tax , Bargain sales. Free 2011 tax , When To Deduct, Time of making contribution. Free 2011 tax , Noncash Contributions, Additional records. Free 2011 tax , How To Report Gifts to reduce public debt, Gift To Reduce Debt Held by the Public Charitable distributions, qualified, Qualified charitable distributions (QCD). Free 2011 tax Charity benefit events Deduction amount for charitable contributions, Charity benefit events. Free 2011 tax Check-writing fees, Check-Writing Fees on Personal Account Checklists Medical and dental expense deductions (Table 21-1), Medicare A. Free 2011 tax Checks As charitable contributions, Checks. Free 2011 tax Canceled checks as evidence of travel expenses, Canceled check. Free 2011 tax Constructive receipt of, Check received or available. Free 2011 tax Child Foster child, Rule 10. Free 2011 tax You Cannot Be a Qualifying Child of Another Taxpayer, Rule 13. Free 2011 tax You Cannot Be a Qualifying Child of Another Taxpayer Married child, Married child. Free 2011 tax Child and dependent care credit, You can use Form 1040A if all of the following apply. Free 2011 tax Due diligence, Getting the information. Free 2011 tax Earned income, Earned income. Free 2011 tax Full-time student, Rule for student-spouse or spouse not able to care for self. Free 2011 tax Married filing separately, Special Rules Payments to relatives, Payments to Relatives or Dependents Child born alive, Child born alive. Free 2011 tax Child care, You can use Form 1040A if all of the following apply. Free 2011 tax Babysitting, Babysitting. Free 2011 tax Care providers, Childcare providers. Free 2011 tax Expenses, Child care expenses. Free 2011 tax Nursing care for healthy baby, not deductible as medical expense, Table 21-1. Free 2011 tax Medical and Dental Expenses Checklist. Free 2011 tax See Publication 502 for more information about these and other expenses. Free 2011 tax Child custody, Custodial parent and noncustodial parent. Free 2011 tax Child support, Child support payments. Free 2011 tax Alimony, difference from, Payments not alimony. Free 2011 tax , Alimony requirements. Free 2011 tax , Child support. Free 2011 tax Child tax credit, Who Should File, You can use Form 1040A if all of the following apply. Free 2011 tax , Child tax credit. Free 2011 tax , Child Tax Credit Additional credit, Additional Child Tax Credit Amount of credit, Amount of Credit Claiming, procedure for, Claiming the Credit Limits, Special Rules, Limits on the Credit Modified adjusted gross income, Modified AGI. Free 2011 tax Married filing separately, Special Rules Qualifying child, Qualifying Child Child, qualifying, Qualifying Child Childcare Credit, Child and Dependent Care Credit Provider Taxpayer identification number, Provider Identification Test Children, Adoption Assistance, Personal Expenses (see also Adoption) Additional credit on child tax credit, Additional Child Tax Credit Adoption (see Adopted child) Babysitters, Babysitting. Free 2011 tax Birth of child Head of household, qualifying person to file as, Death or birth. Free 2011 tax , Death or birth. Free 2011 tax Social security number to be obtained, Born and died in 2013. Free 2011 tax Care providers, Childcare providers. Free 2011 tax (see also Child care) Child's tax, figuring of, Step 3. Free 2011 tax Figuring the Child's Tax (Form 8615, Part III) Alternative minimum tax, Alternative minimum tax. Free 2011 tax Credit for, Who Should File, You can use Form 1040A if all of the following apply. Free 2011 tax (see also Child and dependent care credit) (see also Child tax credit) Custody of, Custodial parent and noncustodial parent. Free 2011 tax Death of child Head of household, qualifying person to file as, Death or birth. Free 2011 tax , Death or birth. Free 2011 tax Deductions, Line 2 (deductions). Free 2011 tax Dividends of (see this heading: Investment income of child under age 18) Earnings of, Child's earnings. Free 2011 tax Filing requirements, Child's earnings. Free 2011 tax As dependents (Table 1-2), Do I Have To File a Return? Gifts to, Income from property given to a child. Free 2011 tax , Income from property received as a gift. Free 2011 tax Inclusion of child's income on parent's return (Figure 31-A), Penalty for underpayment of estimated tax. Free 2011 tax Income, calculation of, Figuring Child's Income Capital gains distributions, Capital gain distributions and qualified dividends. Free 2011 tax Investment income of, Tax on unearned income of certain children. Free 2011 tax Investment income of child under age 18 Dependent filing requirements (Table 1-2), Do I Have To File a Return? Interest and dividends, Certain Children Under Age 19 or Full-Time Students Parents' election to report on Form 1040, Certain Children Under Age 19 or Full-Time Students, Investment income of child reported on parent's return. Free 2011 tax Kidnapped, Kidnapped child. Free 2011 tax , Kidnapped child. Free 2011 tax Net unearned income, figuring of, Step 1. Free 2011 tax Figuring the Child's Net Unearned Income (Form 8615, Part I) Nontaxable income, Nontaxable income. Free 2011 tax Property received as gift, income from, Income from property received as a gift. Free 2011 tax Signing return, parent for child, Spouse unable to sign. Free 2011 tax Standard deduction for, Introduction, Standard Deduction for Dependents Stillborn, Stillborn child. Free 2011 tax Support of (see Child support) Tax credit (see Child tax credit) Tentative tax figured at parent's tax rate, Step 2. Free 2011 tax Figuring Tentative Tax at the Parent's Tax Rate (Form 8615, Part II) Transporting school children, Transporting school children. Free 2011 tax Unearned income of, Tax on unearned income of certain children. Free 2011 tax Unearned income of certain children, Introduction Form 8615, use of (Figure 31-B), Parental information, providing of, Providing Parental Information (Form 8615, lines A–C) Parents' election to report on Form 1040, Parent's Election To Report Child's Interest and Dividends Trust income, Trust income. Free 2011 tax Unearned income defined, Unearned income defined. Free 2011 tax Chronic illness Accelerated payment of life insurance proceeds (see Accelerated death benefits) Long-term care (see Long-term care insurance contracts) Church employees Filing requirements (Table 1-3), Figuring tax. Free 2011 tax Churches, temples, etc. Free 2011 tax Charitable contributions to, Examples. Free 2011 tax , Table 24-1. Free 2011 tax Examples of Charitable Contributions—A Quick Check Convention delegates, deduction of unreimbursed expenses, Conventions. Free 2011 tax Citizen or resident test, Citizen or Resident Test Citizens outside U. Free 2011 tax S. Free 2011 tax Business travel outside U. Free 2011 tax S. Free 2011 tax , Travel Outside the United States, Travel Primarily for Business, Travel Primarily for Personal Reasons Self-employed persons, Exception 1 - No substantial control. Free 2011 tax Standard meal allowance, Standard meal allowance for areas outside the continental United States. Free 2011 tax Earned income exclusion, Reminders Employment (see Foreign employment) Extension of time to file, Individuals Outside the United States Filing requirements, U. Free 2011 tax S. Free 2011 tax Citizens and Resident Aliens Living Abroad Withholding from IRA distributions, IRA distributions delivered outside the United States. Free 2011 tax Civic associations Charitable contributions to, Contributions to Nonqualified Organizations Contributions to, no charitable deduction for, Table 24-1. Free 2011 tax Examples of Charitable Contributions—A Quick Check Civil defense organizations Charitable contributions to, Examples. Free 2011 tax Civil service retirement benefits, Civil service retirement benefits. Free 2011 tax Civil suits, Court awards and damages. Free 2011 tax (see also Damages from lawsuits) Civil tax penalties (see Penalties) Clergy, Ministers. Free 2011 tax Contributions that can be spent as individual wishes, not deductible charitable contribution, Contributions to Individuals Housing, Clergy Real estate taxes when receiving housing allowance, Ministers' and military housing allowances. Free 2011 tax , Ministers' and military housing allowance. Free 2011 tax Life insurance proceeds when chaplain died in line of duty, Public Safety Officer Killed in the Line of Duty Pensions, Pension. Free 2011 tax Special income rules, Clergy Clerical help, deductibility of, Clerical Help and Office Rent Clients, Meals and Incidental Expenses, Entertainment Expenses (see also Entertainment expenses) Business travel to meet, Transportation Expenses Travel expenses of, paying for, Business associate. Free 2011 tax Closing costs Real property transactions, Settlement costs. Free 2011 tax Sale of home, Settlement fees or closing costs. Free 2011 tax Clothing Military, Military uniforms. Free 2011 tax Moth damage, not casualty loss, Progressive deterioration. Free 2011 tax Uniforms Charitable organization requiring, deduction for cost and upkeep of, Uniforms. Free 2011 tax Used clothing, charitable deduction for fair market value, Used clothing and household items. Free 2011 tax work, Work Clothes and Uniforms Club dues and membership fees Entertainment expenses, Club dues and membership fees. Free 2011 tax Co-owners Dwelling unit used as home by co-owner, rental income and expense allocation, Shared equity financing agreement. Free 2011 tax Coal and iron ore, Coal and iron ore. Free 2011 tax Coins (see Collectibles) Collectibles As capital assets, Capital Assets and Noncapital Assets, Gold, silver, stamps, coins, gems, etc. Free 2011 tax Gains or losses from sale or trade of, Investment interest deducted. Free 2011 tax IRA investment in, Investment in Collectibles, Exception. Free 2011 tax College professor Research expenses, Research Expenses of a College Professor Colleges and universities Charitable contributions to, Examples. Free 2011 tax , Table 24-1. Free 2011 tax Examples of Charitable Contributions—A Quick Check Athletic events, amount deductible, Athletic events. Free 2011 tax Education costs, Qualified tuition programs (QTPs). Free 2011 tax (see also Qualified tuition programs) Employer-provided educational assistance, Qualified Education Expenses (see also Educational assistance) Combat zone Extension to file return, Individuals Serving in Combat Zone Signing return for spouse, Spouse in combat zone. Free 2011 tax Commission drivers Deduction of expenses, Statutory employees. Free 2011 tax Commissions, Supplemental Wages Advance, Advance commissions and other earnings. Free 2011 tax IRAs with brokers, Brokers' commissions. Free 2011 tax , Brokers' commissions. Free 2011 tax Property basis to include when buyer pays, Settlement costs. Free 2011 tax Sharing of (kickbacks), Kickbacks. Free 2011 tax Unearned, deduction for repayment of, Advance commissions and other earnings. Free 2011 tax Commodities Derivative financial instruments, Capital Assets and Noncapital Assets Common law marriage, Considered married. Free 2011 tax Communist organizations Charitable contributions to, Contributions to Nonqualified Organizations Community property, Community income. Free 2011 tax , Community property. Free 2011 tax Alimony, difference from, Payments not alimony. Free 2011 tax IRAs, Community property laws. Free 2011 tax Married filing separately, Community property states. Free 2011 tax Medical and dental expenses, Community property states. Free 2011 tax Commuting expenses, Commuting expenses. Free 2011 tax , Commuting Expenses Employer-provided commuter vehicle, Commuter highway vehicle. Free 2011 tax Compensation, Wages, Salaries, and Other Earnings (see also Wages and salaries) Defined for IRA purposes, What is compensation? Defined for Roth IRA purposes, Compensation. Free 2011 tax Employee, Employee Compensation Miscellaneous compensation, Miscellaneous Compensation Nonemployee, Nonemployee compensation. Free 2011 tax Unemployment, Unemployment compensation. Free 2011 tax Computation of tax, Computations Equal amounts, Equal amounts. Free 2011 tax Negative amounts, Negative amounts. Free 2011 tax Rounding off dollars, Rounding off dollars. Free 2011 tax Computer, Depreciation on Computers Condemnation of property, Home destroyed or condemned. Free 2011 tax , Condemnations. Free 2011 tax Basis computation, Involuntary Conversions Disaster areas, government-ordered demolition of unsafe home, Deductible losses. Free 2011 tax Period of ownership and use, Previous home destroyed or condemned. Free 2011 tax Confidential information Privacy Act and paperwork reduction information, Reminders Travel expenses and, Confidential information. Free 2011 tax Constructive receipt of income, Constructive receipt. Free 2011 tax , Payment to an agent. Free 2011 tax , Constructive receipt. Free 2011 tax Contributions, Gift To Reduce Debt Held by the Public, Campaign contributions. Free 2011 tax , Contributions, Table 24-1. Free 2011 tax Examples of Charitable Contributions—A Quick Check, Contributions to Nonqualified Organizations, How To Report (see also Campaign contributions) (see also Charitable contributions) Nontaxable combat pay, Nontaxable combat pay. Free 2011 tax Political, Political Contributions Reservist repayments, Qualified reservist repayments. Free 2011 tax Retirement (see specific type of plan ) Controlled corporations Nontaxable stock purchase of, Property for stock of a controlled corporation. Free 2011 tax Related party transactions, Losses on sales or trades of property. Free 2011 tax Convenience fees, Credit or Debit Card Convenience Fees Conventions Delegates Deduction of unreimbursed expenses, Conventions. Free 2011 tax Travel expenses, Conventions Travel expenses, Conventions Work-related education, deduction of travel expenses for overseas conventions, Cruises and conventions. Free 2011 tax Conversion (see specific retirement or IRA plan ) Convertible stocks and bonds, Convertible stocks and bonds. Free 2011 tax Cooperative housing Dwelling unit used as home, Introduction Mortgage interest statements, Form 1098, Mortgage Interest Statement Real estate taxes, deduction of, Tenant-shareholders in a cooperative housing corporation. Free 2011 tax Sale or trade of Form 1099-S to report, Form 1099-S transactions. Free 2011 tax Period of ownership and use, Cooperative apartment. Free 2011 tax Cooperatives Patronage dividends, Patronage dividends. Free 2011 tax Copyrights, Capital Assets and Noncapital Assets Infringement damages, Court awards and damages. Free 2011 tax Royalties, Royalties Corporations, S Corporation Income (see also S corporations) Controlled corporations, Property for stock of a controlled corporation. Free 2011 tax , Losses on sales or trades of property. Free 2011 tax Director fees as self-employment income, Corporate director. Free 2011 tax Reorganizations and nontaxable trade of stock, Corporate reorganizations. Free 2011 tax Corrections (see Errors) Cosmetic surgery Not deductible as medical expense, Table 21-1. Free 2011 tax Medical and Dental Expenses Checklist. Free 2011 tax See Publication 502 for more information about these and other expenses. Free 2011 tax Cosmetics Not deductible as medical expense, Table 21-1. Free 2011 tax Medical and Dental Expenses Checklist. Free 2011 tax See Publication 502 for more information about these and other expenses. Free 2011 tax Cost basis, Useful Items - You may want to see: IRAs for nondeductible contributions, Cost basis. Free 2011 tax , Partly taxable. Free 2011 tax Cost-of-living allowances, Government cost-of-living allowances. Free 2011 tax Country clubs Charitable contributions to, Contributions to Nonqualified Organizations Dues Charitable deduction not allowed, Table 24-1. Free 2011 tax Examples of Charitable Contributions—A Quick Check, Membership fees or dues. Free 2011 tax Entertainment expense deduction not allowed, Club dues and membership fees. Free 2011 tax Coupon bonds, Coupon bonds. Free 2011 tax Court awards and damages (see Damages from lawsuits) Cousin, Cousin. Free 2011 tax Coverdell ESAs Additional tax on, Other taxes. Free 2011 tax CPAs (see Accountants) Credit cards Annual fees, not deductible, Items You Cannot Deduct Benefits, taxability of insurance, Credit card insurance. Free 2011 tax Charitable contributions charged to, Credit card. Free 2011 tax Finance charges, not deductible, Personal Interest Payment of taxes, Reminders Credit for child and dependent care expenses, Credit for child and dependent care expenses. Free 2011 tax , Credit for child and dependent care expenses. Free 2011 tax Credit for prior year minimum tax Nonrefundable, Nonrefundable Credit for Prior Year Minimum Tax Credit for the elderly or the disabled, Credit for the elderly or the disabled. Free 2011 tax , Credit for the elderly or the disabled. Free 2011 tax Credit or debit cards Payment of taxes, E-file and pay by credit or debit card or by direct transfer from your bank account. Free 2011 tax Credit reports Costs not included in property basis, Settlement costs. Free 2011 tax Fees for, not deductible, Items You Cannot Deduct Credit to holders of tax credit bonds, Credit to Holders of Tax Credit Bonds Credits, Credits. Free 2011 tax , Earned income credit. Free 2011 tax , Credit for child and dependent care expenses. Free 2011 tax , Credit for the elderly or the disabled. Free 2011 tax , Earned income credit. Free 2011 tax , Credit for child and dependent care expenses. Free 2011 tax , Credit for the elderly or the disabled. Free 2011 tax , Earned income credit. Free 2011 tax Alternative motor vehicle, Alternative Motor Vehicle Credit American opportunity, Special Rules Build America bonds (see Credit to holders of tax credit bonds) Capital gains, undistributed, credit for tax on, Undistributed capital gains of mutual funds and REITs. Free 2011 tax , Credit for Tax on Undistributed Capital Gain Child and dependent care, Child and Dependent Care Credit (see Child and dependent care credit) Child tax (see Child tax credit) Clean renewable energy bonds (see Credit to holders of tax credit bonds) Earned income, Earned Income Credit (EIC) (see Earned income credit) Elderly or the disabled, Credit for the Elderly or the Disabled Excess withholding, Credit for Excess Social Security Tax or Railroad Retirement Tax Withheld Foreign tax, Foreign Tax Credit Health coverage, Health Coverage Tax Credit Lifetime learning (see Lifetime learning credit) Mortgage interest, Mortgage Interest Credit Nonrefundable credits, Nonrefundable Credits Plug-in electric drive motor vehicle, Plug-in Electric Drive Motor Vehicle Credit Prior year minimum tax (AMT), nonrefundable, Nonrefundable Credit for Prior Year Minimum Tax Qualified energy conservation bonds (see Credit to holders of tax credit bonds) Qualified school construction bonds (see Credit to holders of tax credit bonds) Qualified zone academy bonds (see Credit to holders of tax credit bonds) Refundable credits, Refundable Credits Residential energy, Residential Energy Credits Retirement savings contribution, Retirement Savings Contributions Credit (Saver's Credit) Cremation Not deductible as medical expense, Table 21-1. Free 2011 tax Medical and Dental Expenses Checklist. Free 2011 tax See Publication 502 for more information about these and other expenses. Free 2011 tax Criminal prosecutions Travel expenses for federal staff, Exception for federal crime investigations or prosecutions. Free 2011 tax Cruises Travel expenses when incidental business activities, Trip Primarily for Personal Reasons Work-related education, deduction of expenses, Cruises and conventions. Free 2011 tax Custodial fees, Investment Fees and Expenses Custody of child, Custodial parent and noncustodial parent. Free 2011 tax Customers, Meals and Incidental Expenses, Entertainment Expenses (see also Entertainment expenses) Business travel to meet, Transportation Expenses Travel expenses of, paying for, Business associate. Free 2011 tax D Daily allowance (see Per diem) Damage to property, Nonbusiness Casualty and Theft Losses (see also Casualty losses) Disasters, Employer's emergency disaster fund. Free 2011 tax , Disaster relief. Free 2011 tax (see also Disaster relief) Damages, Damages for Breach of Employment Contract Damages from lawsuits, Court awards and damages. Free 2011 tax Medical expenses as part of settlement, Damages for Personal Injuries Dating your return, Signatures Daycare centers, You can use Form 1040A if all of the following apply. Free 2011 tax , Childcare providers. Free 2011 tax , Care outside your home. Free 2011 tax (see also Child and dependent care credit) (see also Child care) De minimis benefits, De Minimis (Minimal) Benefits Deadlines (see Due dates) Death (see Decedents) Death benefits Accelerated, Accelerated Death Benefits, Exclusion for terminal illness. Free 2011 tax Life insurance proceeds (see Life insurance) Public safety officers who died or were killed in line of duty, tax exclusion, Public Safety Officer Killed in the Line of Duty Death of child, Death or birth of child. Free 2011 tax Death of dependent, Death or birth. Free 2011 tax Debt instruments (see Bonds or Notes) Debts, Exceptions for special types of refunds. Free 2011 tax , Recoveries (see also Bad debts) Canceled (see Cancellation of debt) Nonrecourse, Mortgage relief upon sale or other disposition. Free 2011 tax Paid by another, Debts paid for you. Free 2011 tax Payoff of debt included in sales transaction, Debt paid off. Free 2011 tax Public, gifts to reduce, Gift To Reduce Debt Held by the Public Recourse, Mortgage relief upon sale or other disposition. Free 2011 tax Refund offset against, Refunds. Free 2011 tax , Offset against debts. Free 2011 tax Deceased taxpayers (see Decedents) Decedents, Surviving Spouses, Executors, Administrators, and Legal Representatives (see also Executors and administrators) Capital loss of, Decedent's capital loss. Free 2011 tax Deceased spouse, Surviving Spouses, Executors, Administrators, and Legal Representatives Personal exemption, Death of spouse. Free 2011 tax Due dates, Filing for a decedent. Free 2011 tax Filing requirements, Surviving Spouses, Executors, Administrators, and Legal Representatives Funeral expenses, Contributions to Individuals Medical and dental expenses, Decedent Savings bonds, Decedents. Free 2011 tax Spouse's death, Spouse died during the year. Free 2011 tax , Spouse died. Free 2011 tax Standard deduction, Decedent's final return. Free 2011 tax Transfer of property at death, Other property transactions. Free 2011 tax Declaration of rights of taxpayers IRS request for information, Reminders Deduction Costs of discrimination suits, Deduction for costs involved in unlawful discrimination suits. Free 2011 tax Deductions, Special Rules, Personal Exemptions and Dependents, Your Own Exemption, Recoveries, Nonbusiness Bad Debts, How to report bad debts. Free 2011 tax , Capital Losses , Introduction, Standard Deduction, Points, Treatment by buyer. Free 2011 tax , Meals and Incidental Expenses, Entertainment Expenses (see also Bad debts) (see also Capital losses) (see also Entertainment expenses) (see also Personal exemption) (see also Points) (see also Recovery of amounts previously deducted) (see also Standard deduction) Alimony, deductible by payer, How To Deduct Alimony Paid Casualty losses, Casualty and Theft Losses of Income-Producing Property (see Capital losses) Changing claim after filing, need to amend, Amended Returns and Claims for Refund Charitable contributions, Contributions, How To Report (see also Charitable contributions) Dental expenses (see Medical and dental expenses) Depreciation, Depreciation and section 179 deduction. Free 2011 tax Educator expenses, Educator Expenses Estate, Excess Deductions of an Estate Fee-basis government officials, Special Rules Impairment-related work expenses, Impairment-Related Work Expenses, Impairment-related work expenses of disabled employees. Free 2011 tax Interest (see Interest payments) Investment expenses, Investment expenses. Free 2011 tax IRA contributions (see Individual retirement arrangements (IRAs)) Itemizing (see Itemized deductions) Long-term care insurance contracts, Table 21-1. Free 2011 tax Medical and Dental Expenses Checklist. Free 2011 tax See Publication 502 for more information about these and other expenses. Free 2011 tax Medical expenses (see Medical and dental expenses) Mortgage interest, Hardest Hit Fund and Emergency Homeowners' Loan Programs. Free 2011 tax (see Mortgages) Not itemizing, use of Form 1040A, You can use Form 1040A if all of the following apply. Free 2011 tax Pass-through entities, Indirect Deductions of Pass-Through Entities Penalties, no deduction permitted, Penalties. Free 2011 tax Performing artists' expenses, Expenses of certain performing artists. Free 2011 tax Prepaid insurance premiums, Prepaid insurance premiums. Free 2011 tax Prescription medicines, Table 21-1. Free 2011 tax Medical and Dental Expenses Checklist. Free 2011 tax See Publication 502 for more information about these and other expenses. Free 2011 tax Rental expenses, When to deduct. Free 2011 tax Repayments, Repayments Section 179 deductions Adjustment to basis for, Depreciation and section 179 deduction. Free 2011 tax Car expenses, Depreciation and section 179 deductions. Free 2011 tax Self-employed persons Health insurance premiums, Health Insurance Costs for Self-Employed Persons Social security and railroad retirement benefits, Deductions Related to Your Benefits Standard deduction, Standard Deduction, Married persons who filed separate returns. Free 2011 tax Stop-smoking programs, Table 21-1. Free 2011 tax Medical and Dental Expenses Checklist. Free 2011 tax See Publication 502 for more information about these and other expenses. Free 2011 tax Student loan interest deduction (see Student loans) Theft loss, Casualty and Theft Losses of Income-Producing Property Transportation expenses (see Travel and transportation expenses) Union dues (see Labor unions) Work-related education, What Expenses Can Be Deducted Deeds Preparation costs for, Amounts charged for services. Free 2011 tax Recording fees, basis to include, Real estate taxes. Free 2011 tax Deferred annuity contracts (see Annuities) Deferred compensation Limit, Elective deferrals. Free 2011 tax Nonqualified plans, Nonqualified deferred compensation plans. Free 2011 tax Deferred compensation plans (see Retirement plans) Delinquent taxes Real estate transactions, tax allocation, Real estate taxes for prior years. Free 2011 tax Delivery services, Private delivery services. Free 2011 tax Business-related travel expense, Table 26-1. Free 2011 tax Travel Expenses You Can Deduct This chart summarizes expenses you can deduct when you travel away from home for business purposes. Free 2011 tax Demutualization of life insurance companies, Demutualization of life insurance companies. Free 2011 tax Dental expenses (see Medical and dental expenses) Dentures Deductibility as medical expense, Table 21-1. Free 2011 tax Medical and Dental Expenses Checklist. Free 2011 tax See Publication 502 for more information about these and other expenses. Free 2011 tax Dependent care Benefits, Dependent care benefits. Free 2011 tax , Dependent Care Benefits Center, Dependent care center. Free 2011 tax Credit for, Child and Dependent Care Credit Dependent taxpayer test, Dependent Taxpayer Test Dependents, Who Should File, You can use Form 1040A if all of the following apply. Free 2011 tax , Exception for adopted child. Free 2011 tax , Filers who have certain child dependents with an Individual Taxpayer Identification Number (ITIN). Free 2011 tax (see also Child tax credit) Birth of, Death or birth. Free 2011 tax Born and died within year, Exception. Free 2011 tax , Born and died in 2013. Free 2011 tax Death of, Death or birth. Free 2011 tax Deceased dependent's medical and dental expenses, What if you pay medical expenses of a deceased spouse or dependent? Disabled dependent care expenses, deduction for, Disabled Dependent Care Expenses Exemption for, Exemptions for Dependents Filing requirements, Child's earnings. Free 2011 tax Earned income, unearned income, and gross income levels (Table 1-2), Do I Have To File a Return? Married, filing joint return, Joint Return Test, Joint Return Test (To Be a Qualifying Child) Medical and dental expenses, Dependent Qualifying child, Qualifying Child, Qualifying Child Qualifying relative, Qualifying Relative, Qualifying Child Social security number, Dependent's SSN. Free 2011 tax Adoption taxpayer identification number, Adoption taxpayer identification number (ATIN). Free 2011 tax , Taxpayer identification numbers for aliens. Free 2011 tax Alien dependents, Born and died in 2013. Free 2011 tax Standard deduction for, Standard Deduction for Dependents Travel expenses for, Travel expenses for another individual. Free 2011 tax Tuition deduction for, Who Can Claim a Dependent's Expenses Dependents not allowed to claim dependents, Dependent Taxpayer Test Depletion allowance, Depletion. Free 2011 tax Deposits, Fees and deposits. Free 2011 tax Loss on, Loss on Deposits Losses on, Deposit in Insolvent or Bankrupt Financial Institution, Loss on Deposits Reporting of, Loss on deposits. Free 2011 tax Depreciation Adjustment to basis for, Depreciation and section 179 deduction. Free 2011 tax Cars, Depreciation and section 179 deductions. Free 2011 tax Change of use of property, Basis for depreciation. Free 2011 tax Computer, Depreciation on Computers Correcting amount claimed, Claiming the correct amount of depreciation. Free 2011 tax Form 4562 Rental property depreciation, Depreciation Home computer, Depreciation on Home Computer Property used in trade or business, as noncapital assets, Capital Assets and Noncapital Assets Real property Gain from disposition of property, Depreciation after May 6, 1997. Free 2011 tax Land, no depreciation of, Land. Free 2011 tax Rental property, Depreciation. Free 2011 tax , Depreciation Designated Roth Account Defined. Free 2011 tax , Designated Roth accounts. Free 2011 tax Designated Roth account, Designated Roth accounts. Free 2011 tax , Designated Roth accounts. Free 2011 tax Destroyed records, Destroyed records. Free 2011 tax Diaper service, Table 21-1. Free 2011 tax Medical and Dental Expenses Checklist. Free 2011 tax See Publication 502 for more information about these and other expenses. Free 2011 tax Differential wage payments, Differential wage payments. Free 2011 tax Differential wages Wages for reservists Military reserves, Differential wage payments. Free 2011 tax Direct deposit of refunds, Refunds Directors' fees, Corporate director. Free 2011 tax Disabilities, persons with, Qualifying Person Test, Physically or mentally not able to care for oneself. Free 2011 tax , Credit for the Elderly or the Disabled (see also Elderly or the disabled) Accrued leave payment, Accrued leave payment. Free 2011 tax Armed forces, Disability. Free 2011 tax Blind (see Blind persons) Cafeteria plans, Cafeteria plans. Free 2011 tax Credit for (see Elderly or disabled, credit for) Dependent who is disabled, deduction for care expenses, Disabled Dependent Care Expenses Guide dogs, deductible as medical expense, Table 21-1. Free 2011 tax Medical and Dental Expenses Checklist. Free 2011 tax See Publication 502 for more information about these and other expenses. Free 2011 tax Impairment-related work expenses of, Impairment-Related Work Expenses, Impairment-related work expenses of disabled employees. Free 2011 tax Work-related education, Impairment-Related Work Expenses Insurance costs, Cost paid by you. Free 2011 tax Military and government pensions, Military and Government Disability Pensions Public assistance benefits, Persons with disabilities. Free 2011 tax Reporting of disability pension income, Disability Pensions Retirement, pensions, and profit-sharing plans, Sickness and Injury Benefits, Retirement and profit-sharing plans. Free 2011 tax Signing of return by court-appointed representative, Court-appointed, conservator, or other fiduciary. Free 2011 tax Social security and railroad retirement benefits, deductions for, Disability payments. Free 2011 tax Special school or home for, deductibility of medical expense, Table 21-1. Free 2011 tax Medical and Dental Expenses Checklist. Free 2011 tax See Publication 502 for more information about these and other expenses. Free 2011 tax Terrorist attack as cause of injury, disability payments excluded from taxation, Disability pensions. Free 2011 tax Workers' compensation, Workers' Compensation Disability Income, Disability income. Free 2011 tax Disability benefits Earned income credit, Form 4029. Free 2011 tax Disability insurance payments Earned income credit, Disability insurance payments. Free 2011 tax Disability, permanent and total disability, Permanent and total disability. Free 2011 tax Disabled Child, Permanently and totally disabled. Free 2011 tax Dependent, Disabled dependent working at sheltered workshop. Free 2011 tax Disaster Assistance Act of 1988 Withholding, Federal Payments Disaster relief, Terrorist attack or military action. Free 2011 tax , Disaster relief payments. Free 2011 tax , Disaster relief. Free 2011 tax (see also Terrorist attacks) Cash gifts to victims, Cash gifts. Free 2011 tax Disaster Relief and Emergency Assistance Act Grants, Disaster relief grants. Free 2011 tax Unemployment assistance, Types of unemployment compensation. Free 2011 tax Employer's emergency disaster fund, Employer's emergency disaster fund. Free 2011 tax Government-ordered demolition or relocation of home that is unsafe due to, Deductible losses. Free 2011 tax Grants or payments, Disaster relief grants. Free 2011 tax Replacement of lost or destroyed property, Disaster relief. Free 2011 tax Discharge of qualified principal residence indebtedness, Discharges of qualified principal residence indebtedness. Free 2011 tax , Adjusted Basis Disclosure statement, Disclosure statement. Free 2011 tax Discount, bonds and notes issued at, Original Issue Discount (OID) Discounted debt instruments Capital gain or loss, Discounted Debt Instruments Discounts Employee discounts, effect on basis, Bargain purchases. Free 2011 tax Distributions, Eligible rollover distributions. Free 2011 tax (see also Rollovers) Early (see Early withdrawal from deferred interest account) Liquidating distributions, Liquidating Distributions Lump sum (see Lump-sum distributions) Nondividend distributions, Nondividend Distributions Qualified charitable, Qualified charitable distributions (QCD). Free 2011 tax Qualified reservist, Qualified reservist distributions. Free 2011 tax Required minimum distributions, Required distributions. Free 2011 tax , Required distributions. Free 2011 tax , When Must You Withdraw IRA Assets? (Required Minimum Distributions) (see also Individual retirement arrangements (IRAs)) (see also Pensions) Return of capital, Nondividend Distributions District of Columbia First-time homebuyer credit, Decreases to basis. Free 2011 tax Dividends, Dividends and Other Distributions, Form 1099-DIV. Free 2011 tax , More information. Free 2011 tax (see also Form 1099-DIV) Alaska Permanent Fund (see Alaska Permanent Fund dividends) As stock dividends and stock rights, Distributions of Stock and Stock Rights Backup withholding, Backup withholding. Free 2011 tax Beneficiary of estate or trust receiving, Beneficiary of an estate or trust. Free 2011 tax Buying more stock with, Dividends Used to Buy More Stock Defined, Introduction Exempt-interest dividends, Other Distributions Expenses related to, deduction of, Expenses related to dividend income. Free 2011 tax Fees to collect, Fees to Collect Interest and Dividends Foreign income, Reminder Holding period, determination of, Stock dividends. Free 2011 tax Insurance dividends, Dividends on insurance policies. Free 2011 tax Money market funds, Money Market Funds Nominees receiving on behalf of another, Nominees. Free 2011 tax Nondividend distributions, Nondividend Distributions Ordinary dividends, Ordinary Dividends Patronage dividends, Patronage dividends. Free 2011 tax Qualified, Qualified Dividends, Qualified dividends. Free 2011 tax Real estate investment trusts (REITs) paying, Capital Gain Distributions Redemption treated as, Dividend versus sale or trade. Free 2011 tax Reinvestment plans, Dividends Used to Buy More Stock Reporting of, How To Report Dividend Income As interest, Introduction Scrip dividends, Scrip dividends. Free 2011 tax Sold stock, Dividends on stock sold. Free 2011 tax Stockholder debts when canceled as, Stockholder debt. Free 2011 tax Veterans' insurance, Dividends on veterans' insurance. Free 2011 tax Divorced parents, Children of divorced or separated parents (or parents who live apart). Free 2011 tax , Applying this special rule to divorced or separated parents (or parents who live apart). Free 2011 tax Divorced taxpayers, Alimony. Free 2011 tax (see also Alimony) Child and dependent care credit, Child of divorced or separated parents or parents living apart. Free 2011 tax Child custody, Custodial parent and noncustodial parent. Free 2011 tax Definition of divorce instrument for purposes of alimony, Divorce or separation instrument. Free 2011 tax Estimated tax payments, Divorced Taxpayers Filing status, Divorced persons. Free 2011 tax , Divorced persons. Free 2011 tax IRAs, Kay Bailey Hutchison Spousal IRA. Free 2011 tax , Transfers Incident to Divorce Medical and dental expenses of children of, Child of divorced or separated parents. Free 2011 tax Mortgage interest, payment as alimony, Divorced or separated individuals. Free 2011 tax Personal exemption, Divorced or separated spouse. Free 2011 tax Real estate taxes, allocation of, Divorced individuals. Free 2011 tax Transfers between spouses, Property Transferred From a Spouse, Transfers Between Spouses Use of home after divorce, Use of home after divorce. Free 2011 tax Doctors' bills (see Medical and dental expenses) Documentary evidence Recordkeeping requirements, Documentary evidence. Free 2011 tax Domestic help Withholding, Household workers. Free 2011 tax Domestic help, no exemption for, Housekeepers, maids, or servants. Free 2011 tax
Español

A-Z Index of U.S. Government Departments and Agencies


N

The Free 2011 Tax

Free 2011 tax 3. Free 2011 tax   Claiming the Special Depreciation Allowance Table of Contents Introduction What Is Qualified Property?Qualified Reuse and Recycling Property Qualified Cellulosic Biofuel Plant Property Qualified Disaster Assistance Property Certain Qualified Property Acquired After December 31, 2007 Election to Accelerate Certain Credits in Lieu of the Special Depreciation Allowance How Much Can You Deduct? How Can You Elect Not To Claim an Allowance? When Must You Recapture an Allowance? Introduction You can take a special depreciation allowance to recover part of the cost of qualified property (defined next), placed in service during the tax year. Free 2011 tax The allowance applies only for the first year you place the property in service. Free 2011 tax For qualified property placed in service in 2013, you can take an additional 50% special allowance. Free 2011 tax The allowance is an additional deduction you can take after any section 179 deduction and before you figure regular depreciation under MACRS for the year you place the property in service. Free 2011 tax This chapter explains what is qualified property. Free 2011 tax It also includes rules regarding how to figure an allowance, how to elect not to claim an allowance, and when you must recapture an allowance. Free 2011 tax Corporations can elect to accelerate certain minimum tax credits in lieu of claiming the special depreciation allowance for eligible qualified property. Free 2011 tax See Election to Accelerate Certain Credits in Lieu of the Special Depreciation Allowance , later. Free 2011 tax See chapter 6 for information about getting publications and forms. Free 2011 tax What Is Qualified Property? Your property is qualified property if it is one of the following. Free 2011 tax Qualified reuse and recycling property. Free 2011 tax Qualified cellulosic biofuel plant property. Free 2011 tax Qualified disaster assistance property. Free 2011 tax Certain qualified property acquired after December 31, 2007. Free 2011 tax The following discussions provide information about the types of qualified property listed above for which you can take the special depreciation allowance. Free 2011 tax Qualified Reuse and Recycling Property You can take a 50% special depreciation allowance for qualified reuse and recycling property. Free 2011 tax Qualified reuse and recycling property is any machinery or equipment (not including buildings or real estate), along with any appurtenance, that is used exclusively to collect, distribute, or recycle qualified reuse and recyclable materials (as defined in section 168(m)(3)(B) of the Internal Revenue Code). Free 2011 tax Qualified reuse and recycling property also includes software necessary to operate such equipment. Free 2011 tax The property must meet the following requirements. Free 2011 tax The property must be depreciated under MACRS. Free 2011 tax The property must have a useful life of at least 5 years. Free 2011 tax The original use of the property must begin with you after August 31, 2008. Free 2011 tax You must have acquired the property by purchase (as discussed under Property Acquired by Purchase in chapter 2 ) after August 31, 2008, with no binding written contract for the acquisition in effect before September 1, 2008. Free 2011 tax The property must be placed in service for use in your trade or business after August 31, 2008. Free 2011 tax Excepted Property Qualified reuse and recycling property does not include any of the following. Free 2011 tax Any rolling stock or other equipment used to transport reuse or recyclable materials. Free 2011 tax Property required to be depreciated using the Alternative Depreciation System (ADS). Free 2011 tax For other property required to be depreciated using ADS, see Required use of ADS under Which Depreciation System (GDS or ADS) Applies , in chapter 4 . Free 2011 tax Other bonus depreciation property to which section 168(k) of the Internal Revenue Code applies. Free 2011 tax Property for which you elected not to claim any special depreciation allowance (discussed later). Free 2011 tax Property placed in service and disposed of in the same tax year. Free 2011 tax Property converted from business use to personal use in the same tax year acquired. Free 2011 tax Property converted from personal use to business use in the same or later tax year may be qualified reuse and recycling property. Free 2011 tax Qualified Cellulosic Biofuel Plant Property You can take a 50% special depreciation allowance for qualified cellulosic biofuel plant property. Free 2011 tax Cellulosic biofuel is any liquid fuel which is produced from any lignocellulosic or hemicellulosic matter that is available on a renewable or recurring basis. Free 2011 tax Examples include bagasse (from sugar cane), corn stalks, and switchgrass. Free 2011 tax The property must meet the following requirements. Free 2011 tax The property is used in the United States solely to produce cellulosic biofuel. Free 2011 tax The original use of the property must begin with you after December 20, 2006. Free 2011 tax You must have acquired the property by purchase (as discussed under Property Acquired by Purchase in chapter 2 ) after December 20, 2006, with no binding written contract for acquisition in effect before December 21, 2006. Free 2011 tax The property must be placed in service for use in your trade or business or for the production of income after October 3, 2008, and before January 3, 2013. Free 2011 tax Note. Free 2011 tax For property placed in service after January 2, 2013, and before January 1, 2014, you can take a 50% special depreciation allowance for qualified second generation biofuel plant property that is used solely in the United States to produce second generation biofuel (as defined in section 40(b)(6)(E)). Free 2011 tax The other requirements for qualified second generation biofuel plant property to be eligible for the special depreciation allowance are identical to the requirements discussed for Qualified Cellulosic Biofuel Plant Property above. Free 2011 tax Special Rules Sale-leaseback. Free 2011 tax   If you sold qualified cellulosic biofuel plant property you placed in service after October 3, 2008, and leased it back within 3 months after you originally placed it in service, the property is treated as originally placed in service no earlier than the date it is used by you under the leaseback. Free 2011 tax   The property will not qualify for the special allowance if the lessee or a related person to the lessee or lessor had a written binding contract in effect for the acquisition of the property before December 21, 2006. Free 2011 tax Syndicated leasing transactions. Free 2011 tax   If qualified cellulosic biofuel plant property is originally placed in service by a lessor after October 3, 2008, the property is sold within 3 months of the date it was placed in service, and the user of the property does not change, then the property is treated as originally placed in service by the taxpayer no earlier than the date of the last sale. Free 2011 tax   Multiple units of property subject to the same lease will be treated as originally placed in service no earlier than the date of sale if the property is sold within 3 months after the final unit is placed in service and the period between the times the first and last units are placed in service does not exceed 12 months. Free 2011 tax Excepted Property Qualified cellulosic biofuel plant property does not include any of the following. Free 2011 tax Property placed in service and disposed of in the same tax year. Free 2011 tax Property converted from business use to personal use in the same tax year it is acquired. Free 2011 tax Property converted from personal use to business use in the same or later tax year may be qualified cellulosic biomass ethanol plant property. Free 2011 tax Property required to be depreciated using the Alternative Depreciation System (ADS). Free 2011 tax For other property required to be depreciated using ADS, see Required use of ADS under Which Depreciation System (GDS or ADS) Applies , in chapter 4 . Free 2011 tax Property any portion of which is financed with the proceeds of any obligation the interest on which is exempt from tax under section 103 of the Internal Revenue Code. Free 2011 tax Property for which you elected not to claim any special depreciation allowance (discussed later). Free 2011 tax Property for which a deduction was taken under section 179C for certain qualified refinery property. Free 2011 tax Other bonus depreciation property to which section 168(k) of the Internal Revenue Code applies. Free 2011 tax Qualified Disaster Assistance Property You can take a 50% special depreciation allowance for qualified disaster assistance property placed in service in federally declared disaster areas in which the disaster occurred in 2009. Free 2011 tax A list of the federally declared disaster areas is available at the FEMA website at www. Free 2011 tax fema. Free 2011 tax gov. Free 2011 tax Your property is qualified disaster assistance property if it meets the following requirements. Free 2011 tax The property is nonresidential real property or residential real property placed in service before January 1, 2014, in a federally declared disaster area in which the disaster occurred in 2009. Free 2011 tax You must have acquired the property by purchase (as discussed under Property Acquired by Purchase in chapter 2 ) on or after the applicable disaster date, with no binding written contract for the acquisition in effect before the applicable disaster date. Free 2011 tax The property must rehabilitate property damaged, or replace property destroyed or condemned, as a result of the applicable federally declared disaster. Free 2011 tax The property must be similar in nature to, and located in the same county as, the rehabilitated or replaced property. Free 2011 tax The original use of the property within the applicable disaster area must have begun with you on or after the applicable disaster date. Free 2011 tax The property is placed in service by you on or before the date which is the last day of the fourth calendar year. Free 2011 tax Substantially all (80% or more) of the use of the property must be in the active conduct of your trade or business in a federally declared disaster area, occurring in 2009. Free 2011 tax It is not excepted property (explained later in Excepted Property ). Free 2011 tax Special Rules Sale-leaseback. Free 2011 tax   If you sold qualified disaster assistance property you placed in service after the applicable disaster date and leased it back within 3 months after you originally placed it in service, the property is treated as originally placed in service no earlier than the date it is used by you under the leaseback. Free 2011 tax   The property will not qualify for the special allowance if the lessee or a related person to the lessee or lessor had a written binding contract in effect for the acquisition of the property before the applicable disaster date. Free 2011 tax Syndicated leasing transactions. Free 2011 tax   If qualified disaster assistance property is originally placed in service by a lessor after the applicable disaster date, the property is sold within 3 months of the date it was placed in service, and the user of the property does not change, then the property is treated as originally placed in service by the taxpayer no earlier than the date of the last sale. Free 2011 tax   Multiple units of property subject to the same lease will be treated as originally placed in service no earlier than the date of sale if the property is sold within 3 months after the final unit is placed in service and the period between the times the first and last units are placed in service does not exceed 12 months. Free 2011 tax Excepted Property Qualified disaster assistance property does not include any of the following. Free 2011 tax Property required to be depreciated using the Alternative Depreciation System (ADS). Free 2011 tax For other property required to be depreciated using ADS, see Required use of ADS under Which Depreciation System (GDS or ADS) Applies , in chapter 4 . Free 2011 tax Property any portion of which is financed with the proceeds of a tax-exempt obligation under section 103 of the Internal Revenue Code. Free 2011 tax Any qualified revitalization building (defined later) placed in service before January 1, 2010, for which you have elected to claim a commercial revitalization deduction for qualified revitalization expenditures. Free 2011 tax Any property used in connection with any private or commercial golf course, country club, massage parlor, hot tub facility, suntan facility, or any store, the principal business of which is the sale of alcoholic beverages for consumption off premises. Free 2011 tax Any property for which the special allowance under section 168(k) or section 1400N(d) of the Internal Revenue Code applies. Free 2011 tax Property for which you elected not to claim any special depreciation allowance (discussed later). Free 2011 tax Property placed in service and disposed of in the same tax year. Free 2011 tax Property converted from business use to personal use in the same tax year acquired. Free 2011 tax Property converted from personal use to business use in the same or later tax year may be qualified disaster assistance property. Free 2011 tax Any gambling or animal racing property (defined later). Free 2011 tax Qualified revitalization building. Free 2011 tax   This is a commercial building and its structural components that you placed in service in a renewal community before January 1, 2010. Free 2011 tax If the building is new, the original use of the building must begin with you. Free 2011 tax If the building is not new, you must substantially rehabilitate the building and then place it in service. Free 2011 tax For more information, including definitions of substantially rehabilitated building and qualified revitalization expenditure, see section 1400I(b) of the Internal Revenue Code. Free 2011 tax Gambling or animal racing property. Free 2011 tax   Gambling or animal racing property includes the following personal and real property. Free 2011 tax Any equipment, furniture, software, or other property used directly in connection with gambling, the racing of animals, or the on-site viewing of such racing. Free 2011 tax Any real property determined by square footage (other than any portion that is less than 100 square feet) that is dedicated to gambling, the racing of animals, or the on-site viewing of such racing. Free 2011 tax Certain Qualified Property Acquired After December 31, 2007 You can take a 50% special depreciation deduction allowance for certain qualified property acquired after December 31, 2007. Free 2011 tax Your property is qualified property if it meets the following requirements. Free 2011 tax It is one of the following types of property. Free 2011 tax Tangible property depreciated under MACRS with a recovery period of 20 years or less. Free 2011 tax Water utility property. Free 2011 tax Computer software that is readily available for purchase by the general public, is subject to a nonexclusive license, and has not been substantially modified. Free 2011 tax (The cost of some computer software is treated as part of the cost of hardware and is depreciated under MACRS. Free 2011 tax ) Qualified leasehold improvement property (defined under Qualified leasehold improvement property later). Free 2011 tax You must have acquired the property after December 31, 2007, with no binding written contract for the acquisition in effect before January 1, 2008. Free 2011 tax The property must be placed in service for use in your trade or business or for the production of income before January 1, 2014 (before January 1, 2015, for certain property with a long production period and certain aircraft (defined next)). Free 2011 tax The original use of the property must begin with you after December 31, 2007. Free 2011 tax It is not excepted property (explained later in Excepted property). Free 2011 tax Qualified leasehold improvement property. Free 2011 tax    Generally, this is any improvement to an interior part of a building that is nonresidential real property, if all the following requirements are met. Free 2011 tax The improvement is made under or according to a lease by the lessee (or any sublessee) or the lessor of that part of the building. Free 2011 tax That part of the building is to be occupied exclusively by the lessee (or any sublessee) of that part. Free 2011 tax The improvement is placed in service more than 3 years after the date the building was first placed in service by any person. Free 2011 tax The improvement is section 1250 property. Free 2011 tax See chapter 3 in Publication 544, Sales and Other Dispositions of Assets, for the definition of section 1250 property. Free 2011 tax   However, a qualified leasehold improvement does not include any improvement for which the expenditure is attributable to any of the following. Free 2011 tax The enlargement of the building. Free 2011 tax Any elevator or escalator. Free 2011 tax Any structural component benefiting a common area. Free 2011 tax The internal structural framework of the building. Free 2011 tax   Generally, a binding commitment to enter into a lease is treated as a lease and the parties to the commitment are treated as the lessor and lessee. Free 2011 tax However, a lease between related persons is not treated as a lease. Free 2011 tax Related persons. Free 2011 tax   For this purpose, the following are related persons. Free 2011 tax Members of an affiliated group. Free 2011 tax An individual and a member of his or her family, including only a spouse, child, parent, brother, sister, half-brother, half-sister, ancestor, and lineal descendant. Free 2011 tax A corporation and an individual who directly or indirectly owns 80% or more of the value of the outstanding stock of that corporation. Free 2011 tax Two corporations that are members of the same controlled group. Free 2011 tax A trust fiduciary and a corporation if 80% or more of the value of the outstanding stock is directly or indirectly owned by or for the trust or grantor of the trust. Free 2011 tax The grantor and fiduciary, and the fiduciary and beneficiary, of any trust. Free 2011 tax The fiduciaries of two different trusts, and the fiduciaries and beneficiaries of two different trusts, if the same person is the grantor of both trusts. Free 2011 tax A tax-exempt educational or charitable organization and any person (or, if that person is an individual, a member of that person's family) who directly or indirectly controls the organization. Free 2011 tax Two S corporations, and an S corporation and a regular corporation, if the same persons own 80% or more of the value of the outstanding stock of each corporation. Free 2011 tax A corporation and a partnership if the same persons own both of the following. Free 2011 tax 80% or more of the value of the outstanding stock of the corporation. Free 2011 tax 80% or more of the capital or profits interest in the partnership. Free 2011 tax The executor and beneficiary of any estate. Free 2011 tax Long Production Period Property To be qualified property, long production period property must meet the following requirements. Free 2011 tax It must meet the requirements in (2)-(5), above. Free 2011 tax The property has a recovery period of at least 10 years or is transportation property. Free 2011 tax Transportation property is tangible personal property used in the trade or business of transporting persons or property. Free 2011 tax The property is subject to section 263A of the Internal Revenue Code. Free 2011 tax The property has an estimated production period exceeding 1 year and an estimated production cost exceeding $1,000,000. Free 2011 tax Noncommercial Aircraft To be qualified property, noncommercial aircraft must meet the following requirements. Free 2011 tax It must meet the requirements in (2)-(5), above. Free 2011 tax The aircraft must not be tangible personal property used in the trade or business of transporting persons or property (except for agricultural or firefighting purposes). Free 2011 tax The aircraft must be purchased (as discussed under Property Acquired by Purchase in chapter 2 ) by a purchaser who at the time of the contract for purchase, makes a nonrefundable deposit of the lesser of 10% of the cost or $100,000. Free 2011 tax The aircraft must have an estimated production period exceeding four months and a cost exceeding $200,000. Free 2011 tax Special Rules Sale-leaseback. Free 2011 tax   If you sold qualified property you placed in service after December 31, 2007, and leased it back within 3 months after you originally placed in service, the property is treated as originally placed in service no earlier than the date it is used by you under the leaseback. Free 2011 tax   The property will not qualify for the special depreciation allowance if the lessee or a related person to the lessee or lessor had a written binding contract in effect for the acquisition of the property before January 1, 2008. Free 2011 tax Syndicated leasing transactions. Free 2011 tax   If qualified property is originally placed in service by a lessor after December 31, 2007, the property is sold within 3 months of the date it was placed in service, and the user of the property does not change, then the property is treated as originally placed in service by the taxpayer no earlier than the date of the last sale. Free 2011 tax   Multiple units of property subject to the same lease will be treated as originally placed in service no earlier than the date of the last sale if the property is sold within 3 months after the final unit is placed in service and the period between the time the first and last units are placed in service does not exceed 12 months. Free 2011 tax Excepted Property Qualified property does not include any of the following. Free 2011 tax Property placed in service and disposed of in the same tax year. Free 2011 tax Property converted from business use to personal use in the same tax year acquired. Free 2011 tax Property converted from personal use to business use in the same or later tax year may be qualified property. Free 2011 tax Property required to be depreciated under the Alternative Depreciation System (ADS). Free 2011 tax This includes listed property used 50% or less in a qualified business use. Free 2011 tax For other property required to be depreciated using ADS, see Required use of ADS under Which Depreciation System (GDS or ADS) Applies , in chapter 4 . Free 2011 tax Qualified restaurant property (as defined in section 168(e)(7) of the Internal Revenue Code). Free 2011 tax Qualified retail improvement property (as defined in section 168(e)(8) of the Internal Revenue Code). Free 2011 tax Property for which you elected not to claim any special depreciation allowance (discussed later). Free 2011 tax Property for which you elected to accelerate certain credits in lieu of the special depreciation allowance (discussed next). Free 2011 tax Election to Accelerate Certain Credits in Lieu of the Special Depreciation Allowance An election made by a corporation to claim pre-2006 unused minimum tax credits in lieu of claiming the special depreciation allowance for either its first tax year ending after March 31, 2008, its first tax year ending after December 31, 2008, or its first tax year ending after December 31, 2010, continues to apply to round 2 extension property (as defined in section 168(k)(4)(I)(iv)), unless the corporation made an election not to apply the section 168(k)(4) election to round 2 extension property for its first tax year ending after December 31, 2010. Free 2011 tax For 2013, round 2 extension property generally is long production period and noncommercial aircraft if acquired after March 31, 2008, and placed in service after December 31, 2012, but before January 1, 2014. Free 2011 tax An election made by a corporation to claim pre-2006 unused minimum tax credits in lieu of claiming the special depreciation allowance for either its first tax year ending after March 31, 2008, its first tax year ending after December 31, 2008, or its first tax year ending after December 31, 2010, continues to apply to round 3 extension property (as defined in section 168(k)(4)(J)(iv)), unless the corporation makes an election not to apply the section 168(k)(4) election to round 3 extension property. Free 2011 tax If a corporation did not make a section 168(k)(4) election for either its first tax year ending after March 31, 2008, its first tax year ending after December 31, 2008, or its first tax year ending after December 31, 2010, the corporation may elect for its first tax year ending after December 31, 2012, to claim pre-2006 unused minimum tax credits in lieu of claiming the special depreciation allowance for only round 3 extension property. Free 2011 tax If you make an election to accelerate these credits in lieu of claiming the special depreciation allowance for eligible property, you must not take the 50% special depreciation allowance for the property and must depreciate the basis in the property under MACRS using the straight line method. Free 2011 tax See Which Depreciation Method Applies in chapter 4 . Free 2011 tax Once made, the election cannot be revoked without IRS consent. Free 2011 tax Additional guidance. Free 2011 tax   For additional guidance on the election to accelerate the research or minimum tax credit in lieu of claiming the special depreciation allowance, see Rev. Free 2011 tax Proc. Free 2011 tax 2008-65 on page 1082 of Internal Revenue Bulletin 2008-44, available at www. Free 2011 tax irs. Free 2011 tax gov/pub/irs-irbs/irb08-44. Free 2011 tax pdf, Rev. Free 2011 tax Proc. Free 2011 tax 2009-16 on page 449 of Internal Revenue Bulletin 2009-06, available at www. Free 2011 tax irs. Free 2011 tax gov/pub/irs-irbs/irb09-06. Free 2011 tax pdf, and Rev. Free 2011 tax Proc. Free 2011 tax 2009-33 on page 150 of Internal Revenue Bulletin 2009-29, available at www. Free 2011 tax irs. Free 2011 tax gov/pub/irs-irbs/irb09-29. Free 2011 tax pdf. Free 2011 tax Also, see Form 3800, General Business Credit; Form 8827, Credit for Prior Year Minimum Tax — Corporations; and related instructions. Free 2011 tax   Additional guidance regarding the election to accelerate the minimum tax credit in lieu of claiming the special depreciation allowance for round 2 extension property and round 3 extension property may also be available in later Internal Revenue Bulletins available at www. Free 2011 tax irs. Free 2011 tax gov/irb. Free 2011 tax How Much Can You Deduct? Figure the special depreciation allowance by multiplying the depreciable basis of qualified reuse and recycling property, qualified cellulosic biofuel plant property, qualified disaster assistance property, and certain qualified property acquired after December 31, 2007, by 50%. Free 2011 tax For qualified property other than listed property, enter the special allowance on line 14 in Part II of Form 4562. Free 2011 tax For qualified property that is listed property, enter the special allowance on line 25 in Part V of Form 4562. Free 2011 tax If you place qualified property in service in a short tax year, you can take the full amount of a special depreciation allowance. Free 2011 tax Depreciable basis. Free 2011 tax   This is the property's cost or other basis multiplied by the percentage of business/investment use, reduced by the total amount of any credits and deductions allocable to the property. Free 2011 tax   The following are examples of some credits and deductions that reduce depreciable basis. Free 2011 tax Any section 179 deduction. Free 2011 tax Any deduction for removal of barriers to the disabled and the elderly. Free 2011 tax Any disabled access credit, enhanced oil recovery credit, and credit for employer-provided childcare facilities and services. Free 2011 tax Basis adjustment to investment credit property under section 50(c) of the Internal Revenue Code. Free 2011 tax   For additional credits and deductions that affect basis, see section 1016 of the Internal Revenue Code. Free 2011 tax   For information about how to determine the cost or other basis of property, see What Is the Basis of Your Depreciable Property in chapter 1 . Free 2011 tax For a discussion of business/investment use, see Partial business or investment use under Property Used in Your Business or Income-Producing Activity in chapter 1 . Free 2011 tax Depreciating the remaining cost. Free 2011 tax   After you figure your special depreciation allowance for your qualified property, you can use the remaining cost to figure your regular MACRS depreciation deduction (discussed in chapter 4 . Free 2011 tax Therefore, you must reduce the depreciable basis of the property by the special depreciation allowance before figuring your regular MACRS depreciation deduction. Free 2011 tax Example. Free 2011 tax On November 1, 2013, Tom Brown bought and placed in service in his business qualified property that cost $450,000. Free 2011 tax He did not elect to claim a section 179 deduction. Free 2011 tax He deducts 50% of the cost ($225,000) as a special depreciation allowance for 2013. Free 2011 tax He uses the remaining $225,000 of cost to figure his regular MACRS depreciation deduction for 2013 and later years. Free 2011 tax Like-kind exchanges and involuntary conversions. Free 2011 tax   If you acquire qualified property in a like-kind exchange or involuntary conversion, the carryover basis of the acquired property is eligible for a special depreciation allowance. Free 2011 tax After you figure your special allowance, you can use the remaining carryover basis to figure your regular MACRS depreciation deduction. Free 2011 tax In the year you claim the allowance (the year you place in service the property received in the exchange or dispose of involuntarily converted property), you must reduce the carryover basis of the property by the allowance before figuring your regular MACRS depreciation deduction. Free 2011 tax See Figuring the Deduction for Property Acquired in a Nontaxable Exchange , in chapter 4 under How Is the Depreciation Deduction Figured . Free 2011 tax The excess basis (the part of the acquired property's basis that exceeds its carryover basis) is also eligible for a special depreciation allowance. Free 2011 tax How Can You Elect Not To Claim an Allowance? You can elect, for any class of property, not to deduct any special allowances for all property in such class placed in service during the tax year. Free 2011 tax To make an election, attach a statement to your return indicating what election you are making and the class of property for which you are making the election. Free 2011 tax When to make election. Free 2011 tax   Generally, you must make the election on a timely filed tax return (including extensions) for the year in which you place the property in service. Free 2011 tax   However, if you timely filed your return for the year without making the election, you can still make the election by filing an amended return within 6 months of the due date of the original return (not including extensions). Free 2011 tax Attach the election statement to the amended return. Free 2011 tax On the amended return, write “Filed pursuant to section 301. Free 2011 tax 9100-2. Free 2011 tax ” Revoking an election. Free 2011 tax   Once you elect not to deduct a special depreciation allowance for a class of property, you cannot revoke the election without IRS consent. Free 2011 tax A request to revoke the election is a request for a letter ruling. Free 2011 tax If you elect not to have any special allowance apply, the property may be subject to an alternative minimum tax adjustment for depreciation. Free 2011 tax When Must You Recapture an Allowance? When you dispose of property for which you claimed a special depreciation allowance, any gain on the disposition is generally recaptured (included in income) as ordinary income up to the amount of the special depreciation allowance previously allowed or allowable. Free 2011 tax See When Do You Recapture MACRS Depreciation in chapter 4 or more information. Free 2011 tax Recapture of allowance deducted for qualified GO Zone property. Free 2011 tax   If, in any year after the year you claim the special depreciation allowance for qualified GO Zone property (including specified GO Zone extension property), the property ceases to be used in the GO Zone, you may have to recapture as ordinary income the excess benefit you received from claiming the special depreciation allowance. Free 2011 tax For additional guidance, see Notice 2008-25 on page 484 of Internal Revenue Bulletin 2008-9. Free 2011 tax Qualified cellulosic biomass ethanol plant property and qualified cellulosic biofuel plant property. Free 2011 tax   If, in any year after the year you claim the special depreciation allowance for any qualified cellulosic biomass ethanol plant property or qualified biofuel plant property, the property ceases to be qualified cellulosic biomass ethanol plant property or qualified biofuel plant property, you may have to recapture as ordinary income the excess benefit you received from claiming the special depreciation allowance. Free 2011 tax Recapture of allowance for qualified Recovery Assistance property. Free 2011 tax   If, in any year after the year you claim the special depreciation allowance for qualified Recovery Assistance property, the property ceases to be used in the Kansas disaster area, you may have to recapture as ordinary income the excess benefit you received from claiming the special depreciation allowance. Free 2011 tax For additional guidance, see Notice 2008-67 on page 307 of Internal Revenue Bulletin 2008-32. Free 2011 tax Recapture of allowance for qualified disaster assistance property. Free 2011 tax   If, in any year after the year you claim the special depreciation allowance for qualified disaster assistance property, the property ceases to be used in the applicable disaster area, you may have to recapture as ordinary income the excess benefit you received from claiming the special depreciation allowance. Free 2011 tax   For additional guidance, see Notice 2008-67 on page 307 of Internal Revenue Bulletin 2008-32. Free 2011 tax Prev  Up  Next   Home   More Online Publications