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H 7 r block free file 37. H 7 r block free file   Otros Créditos Table of Contents Qué Hay de Nuevo Introduction Useful Items - You may want to see: Créditos no ReembolsablesCrédito por Adopción Crédito por Vehículo Motorizado Alternativo Crédito por Bienes de Reabastecimiento de Vehículos con Combustible Alternativo Crédito para Titulares de Bonos de Crédito Tributario Crédito por Impuestos Extranjeros Crédito por Intereses Hipotecarios Crédito no Reembolsable del Impuesto Mínimo de Años Anteriores Crédito por Vehículos Enchufables con Motor de Dirección Eléctrica Créditos por Energía de la Propiedad Residencial Crédito por Aportaciones a Cuentas de Ahorro para la Jubilación (Crédito del Ahorrador) Créditos ReembolsablesCrédito por el Impuesto sobre Ganancias de Capital no Distribuidas Crédito Tributario por Cobertura del Seguro Médico Crédito por Retención en Exceso del Impuesto del Seguro Social o del Impuesto de la Jubilación Ferroviaria Qué Hay de Nuevo Crédito por adopción. H 7 r block free file . H 7 r block free file  El crédito máximo por adopción es $12,970 para el año 2013. H 7 r block free file Vea Crédito por Adopción . H 7 r block free file Crédito por vehículo electrónico enchufable. H 7 r block free file  El crédito por vehículos electrónicos enchufables ha vencido. H 7 r block free file Crédito reembolsable del impuesto mínimo de años anteriores. H 7 r block free file   La parte reembolsable del crédito del impuesto mínimo alternativo de años anteriores ha vencido. H 7 r block free file Retención en exceso de los impuestos al Seguro Social y a la jubilación ferroviaria. H 7 r block free file . H 7 r block free file  Tanto los impuestos al Seguro Social como los impuestos del nivel 1 de jubilación ferroviaria (RRTA, por sus siglas en inglés) fueron retenidos de los salarios hasta el límite de $113,700 a una tasa de 6. H 7 r block free file 2% durante 2013. H 7 r block free file Si durante 2013, usted trabajó para más de un empleador y se le retuvo demasiado impuesto al Seguro Social o de jubilación ferroviaria, podría tener derecho a un crédito por la retención en exceso. H 7 r block free file Vea Crédito por Retención en Exceso del Impuesto del Seguro Social o deI Impuesto de la Jubilación Ferroviaria . H 7 r block free file Introduction Este capítulo trata de los siguientes créditos no reembolsables: Crédito por adopción. H 7 r block free file Crédito por vehículo motorizado alternativo. H 7 r block free file Crédito por bienes de reabastecimiento de vehículos con combustible alternativo. H 7 r block free file Crédito para titulares de bonos de crédito tributario. H 7 r block free file Crédito por impuestos extranjeros. H 7 r block free file Crédito por intereses hipotecarios. H 7 r block free file Crédito no reembolsable del impuesto mínimo de años anteriores. H 7 r block free file Crédito por vehículos enchufables con motor de dirección eléctrica. H 7 r block free file Créditos por energía de la propiedad residencial. H 7 r block free file Crédito por aportaciones a arreglos de ahorros para la jubilación. H 7 r block free file Este capítulo trata también de los siguientes créditos reembolsables: Crédito por el impuesto sobre ganancias de capital no distribuidas. H 7 r block free file Crédito tributario por cobertura del seguro médico. H 7 r block free file Crédito por retención en exceso del impuesto del Seguro Social o del impuesto de la jubilación ferroviaria. H 7 r block free file En otros capítulos de esta publicación, se explican otros créditos. H 7 r block free file Crédito por gastos del cuidado de menores y dependientes (capítulo 32). H 7 r block free file Crédito para ancianos o personas incapacitadas (capítulo 33). H 7 r block free file Crédito tributario por hijos (capítulo 34). H 7 r block free file Créditos tributarios por estudios (capítulo 35). H 7 r block free file Crédito por ingreso del trabajo (capítulo 36). H 7 r block free file Créditos no reembolsables. H 7 r block free file   La primera parte de este capítulo, Créditos no Reembolsables , abarca diez créditos que se restan de sus impuestos. H 7 r block free file Puede ser que estos créditos reduzcan los impuestos a cero. H 7 r block free file Si estos créditos superan el total de sus impuestos, no se le devuelve el excedente. H 7 r block free file Créditos reembolsables. H 7 r block free file   La segunda parte de este capítulo, Créditos Reembolsables , abarca tres créditos que se consideran pagos y que le pueden ser reembolsados. H 7 r block free file Estos créditos se agregan a los impuestos federales sobre el ingreso retenidos y todo pago de impuesto estimado que haya hecho. H 7 r block free file Si el total de éstos es superior al total de los impuestos, se le reembolsará el excedente. H 7 r block free file Useful Items - You may want to see: Publicación 502 Medical and Dental Expenses (Gastos médicos y dentales), en inglés 514 Foreign Tax Credit for Individuals (Crédito por impuestos del extranjero para personas físicas), en inglés 530 Tax Information for Homeowners (Información tributaria para propietarios de vivienda), en inglés 590 Individual Retirement Arrangements (IRAs) (Arreglos de ahorros para la jubilación (Arreglos IRA)), en inglés Formulario (e Instrucciones) 1116 Foreign Tax Credit (Crédito por impuestos extranjeros), en inglés 2439 Notice to Shareholder of Undistributed Long-Term Capital Gains (Aviso al accionista de ganancias de capital a largo plazo no distribuidas), en inglés 5695 Residential Energy Credits (Créditos por energía de la propiedad residencial), en inglés 8396 Mortgage Interest Credit (Crédito por intereses hipotecarios), en inglés 8801 Credit For Prior Year Minimum Tax – Individuals, Estates, and Trusts (Crédito del impuesto mínimo de años anteriores–personas físicas, caudales hereditarios o fideicomisos), en inglés 8828 Recapture of Federal Mortgage Subsidy (Recuperación del subsidio hipotecario federal), en inglés 8839 Qualified Adoption Expenses (Gastos de adopción calificados), en inglés 8880 Credit for Qualified Retirement Savings Contributions (Crédito por aportaciones calificadas a arreglos de ahorros para la jubilación), en inglés 8885 Health Coverage Tax Credit (Crédito tributario por cobertura del seguro médico), en inglés 8910 Alternative Motor Vehicle Credit (Crédito por vehículo motorizado alternativo), en inglés 8911 Alternative Fuel Vehicle Refueling Property Credit (Crédito por bienes de reabastecimiento de vehículos de combustible alternativo), en inglés 8912 Credit to Holders of Tax Credit Bonds (Crédito para titulares de bonos de crédito tributario), en inglés 8936 Qualified Plug-In Electric Drive Motor Vehicle Credit (Crédito por vehículos enchufables con motor de dirección eléctrica que reúnen los requisitos), en inglés Créditos no Reembolsables Los créditos tratados en esta parte del capítulo pueden reducir los impuestos. H 7 r block free file No obstante, si el total de estos créditos supera el total de sus impuestos, no se le devuelve el excedente. H 7 r block free file Crédito por Adopción Tal vez pueda tomar un crédito tributario de hasta $12,970 por gastos calificados que se hayan pagado para adoptar a un niño que reúna los requisitos. H 7 r block free file El crédito podría permitirse en el caso de la adopción de un niño con necesidades especiales aunque usted no tenga gastos calificados. H 7 r block free file El crédito se reduce si tiene ingresos brutos modificados (MAGI, por sus siglas en inglés) mayores de $194,580. H 7 r block free file Si tiene ingresos brutos modificados iguales o mayores de $234,580 no puede reclamar el crédito. H 7 r block free file Gastos de adopción calificados. H 7 r block free file   Los gastos de adopción calificados son gastos razonables y necesarios directamente relacionados con la adopción legal de un hijo que reúna los requisitos y cuyo fin sea la adopción legal. H 7 r block free file Dichos gastos abarcan: Honorarios de adopción, Costos judiciales, Honorarios de abogado, Gastos de viaje (incluyendo gastos de comida y alojamiento) mientras esté fuera de casa y Gastos de readopción para adoptar a un niño extranjero. H 7 r block free file Gastos no calificados. H 7 r block free file   Los gastos de adopción calificados no abarcan gastos: Que infrinjan la ley estatal o federal, Para llevar a cabo un acuerdo para autorizar los cuidados de un tutor (o padre sustituto), Por la adopción del hijo de su cónyuge, Para los cuales haya recibido fondos conforme a algún programa federal, estatal o local, Permitidos como crédito o deducción conforme a algún otro requisito de los impuestos federales sobre el ingreso o Pagados o reembolsados por su empleador o alguna otra persona u organización. H 7 r block free file Hijo que reúne los requisitos. H 7 r block free file   El término “hijo que reúne los requisitos” designa a toda persona que: Tenga menos de 18 años de edad o Esté física o mentalmente incapacitada para cuidar de sí misma. H 7 r block free file Hijo con necesidades especiales. H 7 r block free file   Un hijo con necesidades especiales reúne los requisitos si se dan las tres condiciones siguientes: El hijo fue ciudadano o residente de los Estados Unidos (incluyendo posesiones (territorios no autónomos) de los EE. H 7 r block free file UU. H 7 r block free file ) al iniciarse los trámites de adopción. H 7 r block free file Un estado (incluido el Distrito de Columbia) ha determinado que el hijo no puede o no debe ser devuelto al hogar de sus padres. H 7 r block free file El estado ha decidido que el hijo no puede ser adoptado a no ser que se les proporcione ayuda a los padres adoptivos. H 7 r block free file Los factores que los estados usan para llegar a esta determinación incluyen los siguientes: El origen étnico del hijo, La edad del hijo, Si el hijo es miembro de un grupo de minoría o tiene hermanos o hermanas y Si el hijo padece de una afección médica o un impedimento físico, mental o emocional. H 7 r block free file Cuándo reclamar el crédito. H 7 r block free file   Generalmente, hasta finalizar la adopción, se toma el crédito en el año siguiente al año en el que se hayan ocasionado o pagado los gastos calificados. H 7 r block free file Si se concluye el proceso de adopción, reclame el crédito en el año en el que se hayan ocasionado o pagado los gastos. H 7 r block free file Vea las Instrucciones del Formulario 8839 para más información sobre cuándo se debe reclamar el crédito. H 7 r block free file Hijo extranjero. H 7 r block free file   Si el hijo no es ciudadano o residente de los EE. H 7 r block free file UU. H 7 r block free file al empezar los trámites de adopción, usted no puede reclamar el crédito a menos que concluya el proceso de adopción. H 7 r block free file Todo gasto de adopción que se haya ocasionado o pagado en años anteriores al finalizar el proceso de adopción se considera ocasionado o pagado en el año en que se concluya dicho proceso. H 7 r block free file Cómo reclamar el crédito. H 7 r block free file   Calcule su crédito no reembolsable de 2013 y cualquier crédito que está traspasando a el 2014 en el Formulario 8839 y adjúntelo a su Formulario 1040. H 7 r block free file Incluya el crédito en el total de la línea 53 del Formulario 1040. H 7 r block free file Marque la casilla c y anote “8839” en la línea que se encuentra junto a esa casilla. H 7 r block free file Más información. H 7 r block free file   Para información adicional, vea las Instrucciones del Formulario 8839, en inglés. H 7 r block free file Crédito por Vehículo Motorizado Alternativo Quizás pueda reclamar este crédito si pone en uso un vehículo motorizado de pila de combustible calificado en 2013. H 7 r block free file Cantidad del crédito. H 7 r block free file   Generalmente, puede basarse en la certificación del fabricante al IRS para saber si un vehículo de cierta marca, modelo y año reúne los requisitos para el crédito y para la cantidad máxima del mismo por el cual reúne los requisitos. H 7 r block free file Si se trata de un fabricante extranjero, por lo general, puede basarse en la certificación de su distribuidor nacional al IRS. H 7 r block free file    Normalmente, la cantidad del crédito suele ser el 100% del crédito máximo permisible tal y como lo certifique el fabricante (o el distribuidor nacional al IRS). H 7 r block free file Cómo reclamar el crédito. H 7 r block free file   Para tomar el crédito, tiene que completar el Formulario 8910 y adjuntarlo al Formulario 1040. H 7 r block free file Incluya el crédito en el total de la línea 53 del Formulario 1040. H 7 r block free file Marque el recuadro c y anote “8910” en la línea al lado de dicho recuadro. H 7 r block free file Información adicional. H 7 r block free file   Para más información sobre el crédito, vea las Instrucciones del Formulario 8910. H 7 r block free file Crédito por Bienes de Reabastecimiento de Vehículos con Combustible Alternativo Tal vez pueda tomar un crédito si pone en uso en 2013 bienes de reabastecimiento de vehículos con combustible alternativo calificados. H 7 r block free file Bienes de reabastecimiento de vehículos de combustible alternativo calificados. H 7 r block free file   Los bienes de reabastecimiento de vehículos de combustible alternativo calificados son aquéllos (que no sean edificios ni los componentes estructurales de los mismos) que se utilicen para cualquiera de los siguientes: Para almacenar o surtir un combustible alternativo en el tanque de combustible de un vehículo de motor propulsado por dicho combustible, pero sólo si el proceso de almacenamiento o reabastecimiento se lleva a cabo en el sitio donde el combustible se coloca en ese tanque. H 7 r block free file Para recargar un vehículo eléctrico, pero sólo si la propiedad de recarga se encuentra en el lugar donde se recarga el vehículo. H 7 r block free file   Los siguientes son combustibles alternativos: Todo combustible del cual por lo menos el 85% del volumen consiste en uno o más de los siguientes: etanol, gas natural, gas natural comprimido, gas natural licuado, gas licuado de petróleo o hidrógeno. H 7 r block free file Toda mezcla que consista en dos o más de los siguientes: biodiésel, gasóleo (gasolina diésel) o queroseno y de la cual por lo menos el 20% del volumen consiste en biodiésel según determinado sin tener en cuenta cantidad alguna de queroseno. H 7 r block free file Electricidad. H 7 r block free file Cantidad del crédito. H 7 r block free file   Para bienes de uso personal, el crédito suele ser la cantidad menor entre el 30% del costo de dichos bienes o $1,000. H 7 r block free file Para bienes de uso comercial, el crédito suele ser la cantidad menor entre el 30% del costo de dichos bienes o $30,000. H 7 r block free file Cómo reclamar el crédito. H 7 r block free file   Para tomar el crédito, tiene que completar el Formulario 8911 y adjuntarlo al Formulario 1040. H 7 r block free file Incluya el crédito en el total de la línea 53 del Formulario 1040. H 7 r block free file Marque el recuadro c y anote “8911” en la línea al lado de dicho recuadro. H 7 r block free file Información adicional. H 7 r block free file   Para más información sobre el crédito, vea las instrucciones del Formulario 8911, en inglés. H 7 r block free file Crédito para Titulares de Bonos de Crédito Tributario Los bonos de crédito tributario son bonos de los cuales el titular recibe un crédito tributario en vez de los intereses sobre el bono, o una parte de los mismos. H 7 r block free file Tal vez pueda reclamar un crédito si es titular de uno de los siguientes bonos: Bonos de energía limpia y renovable (emitidos antes de 2010). H 7 r block free file Bonos de energía limpia y renovable nuevos. H 7 r block free file Bonos calificados de ahorro de energía. H 7 r block free file Bonos calificados de construcción de escuelas. H 7 r block free file Bonos para zonas de academia calificadas. H 7 r block free file Bonos de construcción de proyectos públicos en los Estados Unidos (Bonos Build America). H 7 r block free file En algunos casos, un emisor puede optar por recibir un crédito correspondiente a los intereses pagados sobre el bono. H 7 r block free file Si el emisor elige esta opción, usted no puede también reclamar un crédito. H 7 r block free file Ingresos procedentes de intereses. H 7 r block free file   La cantidad de todo crédito tributario permitido (calculado antes de aplicarse los límites de responsabilidad tributaria) se tiene que incluir en la declaración como ingresos procedentes de intereses. H 7 r block free file Cómo reclamar el crédito. H 7 r block free file   Complete el Formulario 8912 y adjúntelo al Formulario 1040. H 7 r block free file Incluya el crédito en el total de la línea 53 del Formulario 1040. H 7 r block free file Marque el recuadro c y anote “8912” en la línea al lado de dicho recuadro. H 7 r block free file Información adicional. H 7 r block free file   Para más información, vea las Instrucciones del Formulario 8912, en inglés. H 7 r block free file Crédito por Impuestos Extranjeros Generalmente, puede optar por declarar un crédito por los impuestos sobre el ingreso pagados o acumulados por usted a lo largo del año a un país extranjero o posesión (territorio no autónomo) de los Estados Unidos, aplicándolo como crédito contra el impuesto sobre el ingreso de los Estados Unidos. H 7 r block free file O puede deducirlos como una deducción detallada (vea el capítulo 22). H 7 r block free file No puede reclamar un crédito (ni una deducción) por impuestos sobre el ingreso extranjero pagado sobre ingresos que se excluyan del impuesto de los EE. H 7 r block free file UU. H 7 r block free file en los siguientes casos: Exclusión de ingresos ganados de fuentes en el extranjero. H 7 r block free file Exclusión por concepto de vivienda en el extranjero. H 7 r block free file Ingresos de fuentes en Puerto Rico exentos de impuestos de los Estados Unidos. H 7 r block free file Exclusión en las posesiones (territorios no autónomos) de los Estados Unidos. H 7 r block free file Límite del crédito. H 7 r block free file   A menos que decida no presentar el Formulario 1116 (vea Excepción , más adelante), el crédito por impuestos extranjeros pagados no puede superar los impuestos a pagar al gobierno de los Estados Unidos (línea 44 del Formulario 1040), multiplicados por una fracción. H 7 r block free file El numerador de esta fracción será los ingresos tributables de fuentes fuera de los Estados Unidos. H 7 r block free file El denominador será el total de los ingresos tributables de fuentes en los Estados Unidos y en el extranjero. H 7 r block free file Vea la Publicación 514, en inglés, para más información. H 7 r block free file Cómo reclamar el crédito. H 7 r block free file   Complete el Formulario 1116 y adjúntelo al Formulario 1040. H 7 r block free file Anote el crédito en la línea 47 del Formulario 1040. H 7 r block free file Excepción. H 7 r block free file   No necesita llenar el Formulario 1116 para reclamar el crédito si se dan todas las siguientes condiciones: Todos sus ingresos brutos de fuentes en el extranjero provienen de intereses y dividendos y dichos ingresos en su totalidad más los impuestos extranjeros que se pagaron sobre esos ingresos se les informaron a usted en el Formulario 1099-INT, Formulario 1099-DIV o en el Anexo K-1 (o un documento similar sustitutivo). H 7 r block free file Si usted tuvo ingreso de dividendos provenientes de participación en acciones, usted mantuvo en tenencia dichas acciones por lo menos 16 dias. H 7 r block free file No está presentando el Formulario 4563 ni excluyendo ingresos provenientes de fuentes en Puerto Rico. H 7 r block free file El total de los impuestos extranjeros no era superior a $300 ($600 si es casado que presenta una declaración conjunta). H 7 r block free file Todos sus impuestos extranjeros fueron: Adeudados legalmente y no reunían los requisitos para un reembolso y Pagados a países que son reconocidos como tal por los Estados Unidos y que no apoyan el terrorismo. H 7 r block free file Más información. H 7 r block free file   Para información más detallada acerca del crédito y estos requisitos, vea las Instrucciones del Formulario 1116, en inglés. H 7 r block free file Crédito por Intereses Hipotecarios El crédito por intereses hipotecarios tiene la finalidad de ayudar a personas de bajos recursos a comprar una vivienda. H 7 r block free file Si reúne los requisitos, puede reclamar el crédito cada año para una parte de los intereses hipotecarios de vivienda que pague. H 7 r block free file Quién reúne los requisitos. H 7 r block free file   Tal vez pueda reclamar el crédito si un gobierno estatal o local le emitió un certificado de crédito hipotecario que reúne los requisitos (MCC, por sus siglas en inglés). H 7 r block free file Generalmente, un MCC se emite sólo en relación con una nueva hipoteca para la compra de su vivienda principal. H 7 r block free file Cantidad del crédito. H 7 r block free file   Calcule su crédito en el Formulario 8396. H 7 r block free file Si la cantidad del préstamo hipotecario es igual (o menor que) a la cantidad adeudada confirmada (préstamo) que aparece en el MCC, anote en la línea 1 del Formulario 8396 todos los intereses que haya pagado sobre la hipoteca durante el año. H 7 r block free file   Si la cantidad del préstamo hipotecario es mayor que la cantidad adeudada confirmada que aparece en el MCC, puede calcular el crédito sólo sobre una parte de los intereses que haya pagado. H 7 r block free file Para encontrar la cantidad que debe anotar en la línea 1, multiplique por la siguiente fracción el total de los intereses que haya pagado sobre una hipoteca a lo largo del año. H 7 r block free file      Cantidad adeudada confirmada que aparece en el MCC     Cantidad original de la hipoteca      Límite basado en la tasa de crédito. H 7 r block free file   Si la tasa de crédito del certificado es superior al 20%, el crédito que se le permita no puede sobrepasar $2,000. H 7 r block free file Si dos o más personas (que no sean un matrimonio que presente una declaración conjunta) tienen una participación en la vivienda a la que se refiere el MCC, este límite de $2,000 tiene que dividirse según la participación de cada persona. H 7 r block free file Vea la Publicación 530, en inglés, para información adicional. H 7 r block free file Traspasos a un año posterior. H 7 r block free file   El crédito (luego de aplicar el límite basado en la tasa de crédito) también está sujeto a un límite basado en el impuesto calculado en el Formulario 8396. H 7 r block free file Si el crédito permitido disminuye a causa de este límite sobre los impuestos adeudados, puede traspasar la parte del crédito que no haya utilizado a los 3 próximos años o hasta que se utilice en su totalidad, lo que ocurra primero. H 7 r block free file   Si está sujeto al límite de los $2,000 debido a que la tasa de crédito del certificado es superior al 20%, no puede traspasar a un año posterior ninguna cantidad superior a $2,000 (o, en el caso de que tenga que dividir el crédito, la parte de los $2,000 que le corresponda). H 7 r block free file Cómo reclamar el crédito. H 7 r block free file    Calcule el crédito de 2013, y toda cantidad que se haya traspasado a 2014, en el Formulario 8396 y adjúntelo al Formulario 1040. H 7 r block free file Cerciórese de incluir todo crédito traspasado, correspondiente a 2010, 2011 y 2012. H 7 r block free file   Incluya el crédito en el total de la línea 53 del Formulario 1040. H 7 r block free file Marque el recuadro c y escriba “8396” en la línea al lado de dicho recuadro. H 7 r block free file Reducción de la deducción por intereses sobre una hipoteca de vivienda. H 7 r block free file   Si detalla sus deducciones en el Anexo A del Formulario 1040, tiene que restar la cantidad del crédito por intereses hipotecarios, indicada en la línea 3 del Formulario 8396, de la deducción por intereses sobre una hipoteca de vivienda. H 7 r block free file Tiene que hacerlo aunque parte de dicha cantidad se traspase a 2014. H 7 r block free file Para más información sobre la deducción por intereses sobre una hipoteca de vivienda, vea el capítulo 23. H 7 r block free file Recuperación del subsidio hipotecario federal. H 7 r block free file   Si recibió un MCC junto con el préstamo hipotecario, podría verse obligado a recuperar (reintegrar) todo o parte del beneficio que haya recibido de ese programa. H 7 r block free file Se le podría exigir esta recuperación si vende o enajena su vivienda con ganancias durante los 9 años siguientes al cierre de su préstamo hipotecario. H 7 r block free file Vea las Instrucciones para el Formulario 8828, disponibles en inglés, y el capítulo 15 para más información. H 7 r block free file Más información. H 7 r block free file   Para información más detallada acerca del crédito, vea las instrucciones del Formulario 8396, en inglés. H 7 r block free file Crédito no Reembolsable del Impuesto Mínimo de Años Anteriores La ley tributaria concede un trato especial a ciertos tipos de ingresos y permite deducciones y créditos especiales para algunos tipos de gastos. H 7 r block free file Si se beneficia de estas leyes, podría verse obligado a pagar por lo menos una cantidad mínima de impuestos además de cualquier otro impuesto sobre estas partidas. H 7 r block free file A esto se le llama impuesto mínimo alternativo (AMT, por sus siglas en inglés). H 7 r block free file El trato especial de ciertas partidas de ingresos y gastos sólo le permite aplazar el pago de los impuestos hasta un año posterior. H 7 r block free file Si pagó el impuesto mínimo alternativo en años anteriores a causa de estas partidas tributarias postergadas, tal vez pueda reclamar un crédito por el impuesto mínimo de años anteriores, a favor del impuesto habitual del año en curso. H 7 r block free file Quizás pueda reclamar un crédito y aplicarlo a favor del impuesto habitual si en 2012 tuvo: Impuesto mínimo alternativo adeudado y ajustes o partidas con beneficio tributario que no sean conceptos a excluirse, Un crédito del impuesto mínimo que traspase a 2013 o Un crédito no permitido por vehículos eléctricos calificados. H 7 r block free file Cómo reclamar el crédito. H 7 r block free file    Calcule el crédito no reembolsable de 2013 (de haberlo), y toda cantidad que se haya traspasado a 2014, en el Formulario 8801 y adjúntelo al Formulario 1040. H 7 r block free file Incluya el crédito en el total de la línea 53 del Formulario 1040 y marque el recuadro b. H 7 r block free file Puede traspasar a años posteriores, hasta agotarlo, todo crédito del impuesto mínimo de años anteriores que no se haya utilizado. H 7 r block free file Información adicional. H 7 r block free file   Para más información sobre el crédito, vea las Instrucciones del Formulario 8801, en inglés. H 7 r block free file Crédito por Vehículos Enchufables con Motor de Dirección Eléctrica Es posible que pueda tomar este crédito si, en 2013, puso en uso por fines de negocios o personales un vehículo enchufable con motor de dirección eléctrica o un vehículo eléctrico enchufable de dos o tres ruedas y dicho vehículo reúne los requisitos. H 7 r block free file Vehículos enchufables con motor de dirección eléctrica y que reúnen los requisitos. H 7 r block free file   El vehículo reúne los requisitos si es un vehículo nuevo con, por lo menos, cuatro llantas que: Es impulsado en su mayoría por un motor eléctrico que funciona con electricidad generada por una batería que tenga una capacidad de no menos de 4 kilovatios-horas y se puede recargar mediante una fuente externa de energía y El peso bruto del vehículo es menos de 14,000 libras. H 7 r block free file Vehículos eléctricos enchufables de dos o tres ruedas que reúnen los requisitos. H 7 r block free file   El vehículo reúne los requisitos si es un vehículo nuevo con dos o tres ruedas que: Tiene la capacidad de llegar a una velocidad de 45 millas por hora o más, Es impulsado en su mayoría por un motor eléctrico que funciona con electricidad generada por una batería que tenga una capacidad de no menos de 2. H 7 r block free file 5 kilovatios-horas y se puede recargar mediante una fuente externa de energía y El peso bruto del vehículo es menos de 14,000 libras. H 7 r block free file Certificación y otros requisitos   Generalmente, puede basarse en la certificación del fabricante al IRS (o en el caso de un fabricante extranjero, en la certificación del distribuidor doméstico) para saber si la marca, modelo y años específicos de un vehículo reúnen los requisitos del crédito y, si es aplicable, la cantidad del crédito para el cual califica. H 7 r block free file Sin embargo, si el IRS publica un aviso anunciando que la certificación de alguna marca, modelo y año ha sido retirada, usted no puede basarse en la certificación del vehículo si fue comprado después de la fecha de la publicación del aviso del retiro. H 7 r block free file   También tiene que cumplir los requisitos siguientes para calificar para el crédito: Usted es el dueño del vehículo. H 7 r block free file Si el vehículo es arrendado, sólo el arrendador, y no el arrendatario, tiene derecho al crédito. H 7 r block free file El vehículo fue puesto en servicio en 2013. H 7 r block free file El vehículo es fabricado principalmente para uso en calles, caminos y carreteras públicas. H 7 r block free file El uso original del vehículo comenzó con usted. H 7 r block free file Adquirió el vehículo para utilizarlo usted mismo o para el arrendamiento a un tercero y no para revenderlo. H 7 r block free file En el caso de un vehículo eléctrico enchufable de dos o tres ruedas que reúna los requisitos, el vehículo tiene que haber sido adquirido después de 2011 y antes de 2014. H 7 r block free file Utiliza el vehículo principalmente en los Estados Unidos. H 7 r block free file Cómo reclamar el crédito. H 7 r block free file   Para tomar el crédito, tiene que completar el Formulario 8936 y adjuntarlo a su Formulario 1040. H 7 r block free file Incluya el crédito en el total de la línea 53 del Formulario 1040. H 7 r block free file Marque el recuadro c y anote “8936” en la línea al lado de dicho recuadro. H 7 r block free file    Más información. H 7 r block free file   Para más información acerca del crédito, vea las instrucciones del Formulario 8936, en inglés. H 7 r block free file Créditos por Energía de la Propiedad Residencial Podría tener derecho a uno o los dos siguientes créditos si hizo mejoras para conservar energía en su vivienda ubicada en los Estados Unidos en 2013. H 7 r block free file Crédito tributario por energía de la propiedad no empresarial. H 7 r block free file Crédito de eficiencia energética para propiedades residenciales. H 7 r block free file Si es integrante de un comité de administración de condominios para un condominio del que sea dueño o inquilino-accionista de una sociedad anónima de cooperativa de viviendas, se considera que ha pagado la parte proporcionada que le corresponde de todo costo de tal comité o sociedad anónima para fines de estos créditos. H 7 r block free file Crédito tributario por energía de la propiedad no empresarial. H 7 r block free file   Tal vez pueda tomar un crédito igual a la suma de: El 10% de los costos pagados para mejoras de eficiencia energética instaladas en 2013 y Todo costo pagado o incurrido para energía de la propiedad residencial en 2013. H 7 r block free file   Existe un límite vitalicio de $500 para todos los años posteriores al año 2005, de lo que sólo $200 pueden ser por ventanas; $50 por un ventilador de circulación de aire principal avanzado; $150 por un calentador de agua a base de gas natural propano o petróleo; y $300 por cualquier artículo de eficiencia energética para propiedades residenciales. H 7 r block free file Si la cantidad total de los créditos tributarios por energía de la propiedad no empresarial que ha tomado en años previos (después del 2005) es más de $500, no puede tomar este crédito en el año 2013. H 7 r block free file Las mejoras de eficiencia energética que reúnen los requisitos son las siguientes mejoras siempre y cuando sean nuevas, se espere que sigan en uso por lo menos 5 años y cumplan determinados requisitos de la eficiencia energética: Todo material aislante o sistema que haya sido diseñado expresa y principalmente para reducir la pérdida o el aumento de temperatura (calentamiento) en una vivienda. H 7 r block free file Ventanas exteriores (incluidos tragaluces). H 7 r block free file Puertas exteriores. H 7 r block free file Todo techo de metal o asfalto que tenga capas pigmentadas o gránulos de enfriamiento adecuados que hayan sido diseñados expresa y principalmente para reducir el aumento de temperatura (calentamiento) de la vivienda. H 7 r block free file Se considera que la propiedad de energía residencial es cualquiera de los siguientes aparatos: Determinados calentadores eléctricos de agua con bomba de calor, bombas de calor eléctricas, acondicionadores de aire centrales, calentadores de agua a gas natural, propano o petróleo; y estufas que consumen combustibles de biomasa. H 7 r block free file Calderas de gas natural, propano o petróleo que reúnen los requisitos; y calderas de agua caliente a gas natural, propano o petróleo que reúnen los requisitos. H 7 r block free file Determinados ventiladores de circulación de aire principal avanzados que sean componentes de las calderas de gas natural, propano o petróleo. H 7 r block free file Crédito por energía eficaz de la propiedad residencial. H 7 r block free file   Quizás pueda tomar un crédito del 30% de los costos de propiedad eléctrica de energía solar, propiedad de calentamiento de agua por energía solar, propiedad de pilas de combustible, propiedad eólica de menor tamaño y propiedad de bomba de calor geotérmico. H 7 r block free file En el caso de costos pagados por propiedad de pilas de combustible que reúne los requisitos, la cantidad del crédito está limitada a $500 por cada medio kilovatio de capacidad de dicha propiedad. H 7 r block free file Reducción en la base. H 7 r block free file   Tiene que reducir la base de su vivienda por la cantidad de todo crédito permitido. H 7 r block free file Cómo reclamar el crédito. H 7 r block free file   Complete el Formulario 5695 y adjúntelo al Formulario 1040. H 7 r block free file Anote el crédito en la línea 52 del Formulario 1040. H 7 r block free file Información adicional. H 7 r block free file   Para más información sobre estos créditos, vea las instrucciones del Formulario 5695, en inglés. H 7 r block free file Crédito por Aportaciones a Cuentas de Ahorro para la Jubilación (Crédito del Ahorrador) Podría reclamar este crédito si usted, o su cónyuge si presenta una declaración conjunta, hizo: Aportaciones (que no sean reinversiones) a un arreglo IRA tradicional o un arreglo Roth IRA, Aplazamientos optativos a un plan conforme a la sección 401(k) o 403(b) (incluidas aportaciones a un arreglo designado Roth) o a un plan SEP, SIMPLE o plan gubernamental conforme a la sección 457, Aportaciones voluntarias del empleado a un plan de jubilación que reúna los requisitos (incluido el Thrift Savings Plan (Cuenta de Ahorros de Jubilación) para empleados del gobierno federal) o Aportaciones a un plan conforme a la sección 501(c)(18)(D). H 7 r block free file No obstante, no puede reclamar el crédito si se da cualquiera de las siguientes situaciones: La cantidad de la línea 38 del Formulario 1040 o de la línea 22 del Formulario 1040A es mayor de $29,500 ($44,250 si es cabeza de familia; $59,000 si es casado que presenta una declaración conjunta). H 7 r block free file La persona que hizo la aportación o el aplazamiento optativo que reúne los requisitos (a) nació después del 1 de enero de 1996, (b) ha sido declarado como dependiente en la declaración de impuestos de 2013 de otra persona o (c) era estudiante (se define a continuación). H 7 r block free file Estudiante. H 7 r block free file   Usted era estudiante si, durante alguna parte de cada uno de 5 meses del año natural de 2013: Estaba matriculado en una escuela como estudiante a tiempo completo o Tomó un curso a tiempo completo de capacitación agrícola ofrecido en terreno por una escuela o por una agencia del estado, condado o gobierno local. H 7 r block free file Escuela. H 7 r block free file   El término “escuela” abarca escuelas politécnicas, profesionales e industriales. H 7 r block free file Una escuela no incluye un curso de capacitación en el trabajo, escuela por correspondencia, ni escuelas que ofrecen cursos sólo por Internet. H 7 r block free file Cómo reclamar el crédito. H 7 r block free file   Calcule el crédito en el Formulario 8880. H 7 r block free file Anote el crédito en la línea 50 del Formulario 1040 o la línea 32 del Formulario 1040A y adjunte el Formulario 8880 a su declaración. H 7 r block free file Más información. H 7 r block free file   Para más información sobre el crédito, vea las instrucciones del Formulario 8880, disponibles en inglés. H 7 r block free file Créditos Reembolsables Los créditos explicados en esta parte del capítulo se tratan como pagos de impuestos. H 7 r block free file Si el total de estos créditos, impuestos federales sobre el ingreso retenidos y pagos de su impuesto estimado es mayor al total de sus impuestos, se le puede reembolsar el excedente. H 7 r block free file Crédito por el Impuesto sobre Ganancias de Capital no Distribuidas Tiene que incluir en los ingresos toda cantidad que le hayan asignado sociedades inversionistas reglamentadas (comúnmente llamadas fondos mutuos) o sociedades de inversión inmobiliaria (REIT, por sus siglas en inglés) como distribuciones de ganancias de capital, aunque de hecho no la haya recibido. H 7 r block free file Si el fondo mutuo o sociedad de inversión inmobiliaria pagó impuestos sobre la ganancia de capital, se le permite un crédito por los impuestos ya que se considera que usted lo pagó. H 7 r block free file El fondo mutuo o sociedad de inversión inmobiliaria le enviará el Formulario 2439 indicando su parte de las ganancias de capital no distribuidas y los impuestos pagados, de haberlos. H 7 r block free file Cómo reclamar el crédito. H 7 r block free file   Para reclamar el crédito, adjunte la Copia B del Formulario 2439 a su Formulario 1040. H 7 r block free file Incluya la cantidad de la casilla 2 de su Formulario 2439 en el total de la línea 71 del Formulario 1040 y marque la casilla a. H 7 r block free file Más información. H 7 r block free file   Vea Distribuciones de Ganancias de Capital , en el capítulo 8 para más información sobre ganancias de capital no distribuidas. H 7 r block free file Crédito Tributario por Cobertura del Seguro Médico Tal vez pueda reclamar este crédito para cualquier mes en el que se cumplan todos los siguientes requisitos el primer día del mes: Tenía derecho, como beneficiario, a recibir pagos de asistencia de ajuste comercial (TAA, por sus siglas en inglés), pagos de asistencia alternativa de ajuste comercial (ATAA, por sus siglas en inglés), pagos de asistencia de ajuste comercial relacionados con el reempleo (RTAA, por sus siglas en inglés) o una pensión de la Pension Benefit Guaranty Corporation (Corporación de garantía de beneficios de pensiones o PBGC, por sus siglas en inglés, y definida más adelante); o si era un miembro calificado de la familia de uno de estos individuos cuando dicho individuo falleció o cuando se finalizó su divorcio con uno de estos individuos. H 7 r block free file Usted y/o los miembros de su familia estaban cubiertos por un plan de seguro médico que reúne los requisitos y por el cual pagó la totalidad de las primas o su parte correspondiente directamente a dicho plan o al U. H 7 r block free file S. H 7 r block free file Treasury— HCTC (Tesoro de los Estados Unidos, Crédito por cobertura del seguro médico). H 7 r block free file No estaba inscrito en la Parte A, B o C del seguro Medicare o estaba inscrito en el programa Medicare pero su familia reunió los requisitos para el HCTC. H 7 r block free file No estaba inscrito en el programa Medicaid ni en el Children's Health Insurance Program (Programa de seguro médico para niños, (CHIP, por sus siglas en inglés)). H 7 r block free file No estaba inscrito en el programa Federal Employees Health Benefits (Seguro médico para empleados federales o FEHBP, por sus siglas en inglés) ni tenía derecho a recibir beneficios conforme al sistema médico militar de los EE. H 7 r block free file UU. H 7 r block free file (conocido en inglés como TRICARE). H 7 r block free file No estaba encarcelado por las autoridades federales, estatales o locales. H 7 r block free file Su empleador no pagó el 50% o más del costo de la cobertura. H 7 r block free file No recibió una reducción del 65% de una prima de COBRA de parte de su antiguo empleador o administrador de COBRA. H 7 r block free file Sin embargo, no puede tomar el crédito si otra persona lo puede reclamar a usted como dependiente en su declaración de impuestos de 2013. H 7 r block free file Si cumple todas estas condiciones, tal vez pueda tomar un crédito de hasta el 72. H 7 r block free file 5% de la cantidad que usted pagó directamente a un plan de salud calificado para usted y todo miembro de familia que reunió los requisitos. H 7 r block free file No puede tomar el crédito en el caso de primas de seguro sobre cobertura si en realidad fueron pagadas mediante una National Emergency Grant (Subvención para Emergencias Nacionales). H 7 r block free file La cantidad pagada por cobertura de seguro médico calificada tiene que reducirse por toda distribución de una cuenta Archer MSA de ahorros médicos u otra cuenta de ahorros para gastos médicos que se haya utilizado para pagar por dicha cobertura. H 7 r block free file Puede tomar este crédito y anotarlo en la declaración de impuestos o solicitar que se pague por adelantado en nombre suyo a su compañía de seguros. H 7 r block free file Si se paga el crédito por adelantado en nombre suyo, aquella cantidad disminuye la cantidad del crédito que se pueda declarar en la declaración de impuestos. H 7 r block free file Beneficiarios de la TAA. H 7 r block free file   Se considera que tiene derecho a la TAA el primer día del mes si, cualquier día de dicho mes o del anterior, usted: Recibió una asignación por reajuste comercial o Hubiera tenido derecho a recibir una asignación de esta índole salvo que no había agotado todos los derechos al seguro por desempleo (con excepción de toda compensación adicional que se pague con fondos estatales y no se reembolse con fondos federales) que le correspondiera recibir (o correspondería recibir si los solicitara). H 7 r block free file Ejemplo. H 7 r block free file   Recibió una asignación por ajuste comercial para el mes de enero de 2013. H 7 r block free file Tenía derecho a recibir la TAA el primer día de enero y febrero. H 7 r block free file Beneficiarios de la alternativa TAA. H 7 r block free file   Se considera que es un recipiente de la alternativa TAA el primer día del mes si, cualquier día de dicho mes o del anterior, usted recibió beneficios conforme a un programa de asistencia alternativa de ajuste comercial para empleados mayores de edad establecido por el Departamento de Trabajo. H 7 r block free file Ejemplo. H 7 r block free file   Recibió beneficios conforme a un programa de asistencia alternativa de ajuste comercial para empleados mayores de edad para el mes de octubre de 2013. H 7 r block free file El Departamento de Trabajo estableció el programa. H 7 r block free file Tenía derecho como beneficiario a recibir la alternativa TAA el primer día de octubre y noviembre. H 7 r block free file Beneficiarios de la RTAA. H 7 r block free file   Se considera que tiene derecho a la RTAA el primer día del mes si, cualquier día de dicho mes o del anterior, usted recibió beneficios conforme a un programa de asistencia de ajuste comercial relacionados con el reempleo para empleados mayores establecido por el Departamento de Trabajo. H 7 r block free file Beneficiarios de una pensión de la PBGC. H 7 r block free file   Se considera que tiene derecho como beneficiario a una pensión de la PBGC el primer día del mes si se dan las dos condiciones siguientes: Tenía 55 años de edad o más el primer día del mes. H 7 r block free file Recibió beneficios para dicho mes pagados por la PBGC conforme al Título IV de la Employee Retirement Income Security Act of 1974 (Ley de Seguridad de los Ingresos de Jubilación del Empleado de 1974 o ERISA, por sus siglas en inglés). H 7 r block free file Si recibió un pago de suma global de la PGBC después del 5 de agosto de 2002, cumple el requisito (2) anterior para todo mes en el que habría recibido un beneficio de la PBGC si no hubiese recibido el pago de suma global. H 7 r block free file Cómo reclamar el crédito. H 7 r block free file   Para tomar el crédito, tiene que completar el Formulario 8885 y adjuntarlo al Formulario 1040. H 7 r block free file Incluya el crédito en el total de la línea 71 del Formulario 1040 y marque el recuadro c. H 7 r block free file   Tiene que adjuntar cuentas de seguro de salud (o cupones de pago de COBRA) y pruebas de pago correspondientes a toda cantidad que se incluya en la línea 2 del Formulario 8885. H 7 r block free file Para información adicional, vea la Publicación 502 o el Formulario 8885, ambos en inglés. H 7 r block free file Más información. H 7 r block free file   Si desea ver las definiciones y los requisitos especiales, incluyendo los que se refieren a planes de seguro médico que reúnan los requisitos, familiares que podrían darle derecho al crédito (familiares calificados), el efecto de determinados sucesos importantes en la vida y planes de seguro médico provistos por el empleador, vea la Publicación 502 y las instrucciones del Formulario 8885, ambas en inglés. H 7 r block free file Crédito por Retención en Exceso del Impuesto del Seguro Social o del Impuesto de la Jubilación Ferroviaria La mayoría de los empleadores tienen que retener el impuesto del Seguro Social de los salarios de sus empleados. H 7 r block free file Si trabaja para un empleador ferroviario, dicho empleador tiene que retener el impuesto de jubilación ferroviaria (RRTA, por sus siglas en inglés) de nivel 1 y de nivel 2. H 7 r block free file Si trabajó para dos o más empleadores en 2013, es posible que hayan retenido de su salario demasiado impuesto del Seguro Social. H 7 r block free file Si uno o mas de esos empleadores era un empleador ferroviario, también es posible que se le haya retenido demasiado impuesto de jubilación ferroviaria de nivel 1 a la tasa de 6. H 7 r block free file 2%. H 7 r block free file Puede declarar el impuesto del Seguro Social o impuesto de jubilación ferroviaria de nivel 1 en exceso, aplicándolo como crédito a favor de los impuestos sobre los ingresos cuando presente su declaración. H 7 r block free file Para el impuesto RRTA de nivel 1, utilice únicamente la porción de impuesto de RRTA de nivel 1 que fue gravado a la tasa impositiva de 6. H 7 r block free file 2% al calcular si el exceso de impuesto de RRTA de nivel 1 fue retenido, no incluya ninguna porción del impuesto de RRTA de nivel 1 que fue retenido a la tasa impositiva de Medicare (1. H 7 r block free file 45%) o al a tasa impositiva del Impuesto Adicional del Medicare (0. H 7 r block free file 9%). H 7 r block free file En la siguiente tabla aparecen la cantidad máxima de salario sujeto a impuestos y la cantidad máxima de impuestos que debió haberse retenido para 2013. H 7 r block free file Tipo de impuesto Salario  máximo  sujeto a  impuestos Impuesto máximo que debió haberse retenido Seguro Social o  RRTA de nivel 1 $113,700 $7,049. H 7 r block free file 40 RRTA de nivel 2 $84,300 $3,709. H 7 r block free file 20 Todo salario está sujeto a la retención de impuestos al Medicare. H 7 r block free file   Utilice el Formulario 843, Claim for Refund and Request for Abatement (Solicitud de reembolso y reducción de impuestos), en inglés, para solicitar un reembolso del impuesto en exceso de la jubilación ferroviaria de nivel 2. H 7 r block free file Cerciórese de adjuntar una copia de todos los Formularios W-2 que tenga. H 7 r block free file Use la hoja de trabajo 3-3 de la Publicación 505, Tax Withholding and Estimated Tax (Retención de impuestos e impuesto estimado), en inglés, para poder calcular la cantidad en exceso. H 7 r block free file Error del empleador. H 7 r block free file   Si cualquier empleador le retuvo demasiados impuestos del Seguro Social o de la jubilación ferroviaria de nivel 1, no puede reclamar el exceso y aplicarlo como un crédito a favor de los impuestos sobre el ingreso. H 7 r block free file El empleador debe ajustarle los impuestos. H 7 r block free file Si el empleador no ajusta la recaudación en exceso, puede solicitar un reembolso utilizando el Formulario 843. H 7 r block free file Declaración conjunta. H 7 r block free file   Si presenta una declaración conjunta, no puede añadir a la cantidad retenida de su salario los impuestos del Seguro Social ni los de la jubilación ferroviaria de nivel 1 retenidos del salario de su cónyuge. H 7 r block free file Calcule por separado la retención que le corresponda a usted y la que corresponda a su cónyuge para determinar si se le han retenido impuestos en exceso a cualquiera de los dos. H 7 r block free file Cómo calcular el crédito si no trabajó para una empresa ferroviaria. H 7 r block free file   Si no trabajó para una empresa ferroviaria en 2013, calcule el crédito de la siguiente forma: 1. H 7 r block free file Sume todos los impuestos del Seguro Social retenidos (pero no más de $7,049. H 7 r block free file 40 por cada empleador). H 7 r block free file Anote el total aquí   2. H 7 r block free file Anote todo impuesto no retenido del Seguro Social sobre propinas o seguro de vida colectivo a término que aparezca en el total de la línea 60 del Formulario 1040, identificado como “UT”   3. H 7 r block free file Sume las líneas 1 y 2. H 7 r block free file Si el total es $7,049. H 7 r block free file 40 o menos, no siga. H 7 r block free file No puede reclamar el crédito   4. H 7 r block free file Límite sobre los impuestos del Seguro Social 7,049. H 7 r block free file 40 5. H 7 r block free file Crédito. H 7 r block free file De la línea 3, reste la línea 4. H 7 r block free file Anote el resultado aquí y en la línea 69 del Formulario 1040 (o la línea 41 del Formulario 1040A) $ Ejemplo. H 7 r block free file Está casado y presenta una declaración conjunta con su cónyuge quien no recibió ingresos brutos en 2013. H 7 r block free file Durante 2013, usted trabajó para la empresa Brown Technology Company y ganó un salario de $60,000. H 7 r block free file Le retuvieron impuestos del Seguro Social de $3,720. H 7 r block free file También trabajó para otro empleador en 2013 y ganó un salario de $55,000. H 7 r block free file De dicho salario, le retuvieron $3,410 de impuestos del Seguro Social. H 7 r block free file Como trabajó para más de un empleador y el total de su salario superó los $113,700, puede tomar un crédito de $80. H 7 r block free file 60 por los impuestos del Seguro Social retenidos en exceso. H 7 r block free file 1. H 7 r block free file Sume todo impuesto del Seguro Social retenido (pero no más de $7,049. H 7 r block free file 40 por cada empleador). H 7 r block free file Anote el total aquí $7,130. H 7 r block free file 00 2. H 7 r block free file Anote todo impuesto no retenido del Seguro Social sobre propinas o seguro de vida colectivo a término que aparezca en el total de la línea 60 del Formulario 1040, identificado como “UT” −0− 3. H 7 r block free file Sume las líneas 1 y 2. H 7 r block free file Si el total es $7,049. H 7 r block free file 40 o menos, no siga. H 7 r block free file No puede reclamar el crédito 7,130. H 7 r block free file 00 4. H 7 r block free file Límite sobre los impuestos del Seguro Social 7,049. H 7 r block free file 40 5. H 7 r block free file Crédito. H 7 r block free file De la línea 3, reste la línea 4. H 7 r block free file Anote el resultado aquí y en la línea 69 del Formulario 1040 (o la línea 41 del Formulario 1040A) $80. H 7 r block free file 60 Cómo calcular el crédito si trabajó para una empresa ferroviaria. H 7 r block free file   Si fue empleado ferroviario en algún momento durante 2013, calcule el crédito de la siguiente forma: 1. H 7 r block free file Sume todos los impuestos del Seguro Social y de la jubilación ferroviaria de nivel 1 retenidos a la tasa de 6. H 7 r block free file 2% (pero no más de $7,049. H 7 r block free file 40 por cada empleador). H 7 r block free file Anote el total aquí   2. H 7 r block free file Anote todos los impuestos no retenidos del Seguro Social y de la jubilación ferroviaria de nivel 1 sobre propinas o seguro de vida colectivo que aparezca en el total de la línea 60 del Formulario 1040, identificado como “UT”   3. H 7 r block free file Sume las líneas 1 y 2. H 7 r block free file Si el total es $7,049. H 7 r block free file 40 o menos, no siga. H 7 r block free file No puede reclamar el crédito   4. H 7 r block free file Límite sobre los impuestos del Seguro Social y de la jubilación ferroviaria de nivel 1 7,049. H 7 r block free file 40 5. H 7 r block free file Crédito. H 7 r block free file De la línea 3, reste la línea 4. H 7 r block free file Anote el resultado aquí y en la línea 69 del Formulario 1040 (o la línea 41 del Formulario 1040A) $ Cómo reclamar el crédito. H 7 r block free file   Anote el crédito en la línea 69 del Formulario 1040 o inclúyalo en el total de la línea 41 del Formulario 1040A. H 7 r block free file Más información. H 7 r block free file   Para información adicional sobre el crédito, vea la Publicación 505, en inglés. H 7 r block free file Prev  Up  Next   Home   More Online Publications
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The H 7 R Block Free File

H 7 r block free file Publication 551 - Main Content Table of Contents Cost BasisStocks and Bonds Real Property Business Assets Allocating the Basis Adjusted BasisIncreases to Basis Decreases to Basis Adjustments to Basis Example Basis Other Than CostProperty Received for Services Taxable Exchanges Nontaxable Exchanges Property Transferred From a Spouse Property Received as a Gift Inherited Property Property Changed to Business or Rental Use How To Get Tax HelpLow Income Taxpayer Clinics (LITCs). H 7 r block free file Cost Basis The basis of property you buy is usually its cost. H 7 r block free file The cost is the amount you pay in cash, debt obligations, other property, or services. H 7 r block free file Your cost also includes amounts you pay for the following items. H 7 r block free file Sales tax, Freight, Installation and testing, Excise taxes, Legal and accounting fees (when they must be capitalized), Revenue stamps, Recording fees, and Real estate taxes (if assumed for the seller). H 7 r block free file  You may also have to capitalize (add to basis) certain other costs related to buying or producing property. H 7 r block free file Loans with low or no interest. H 7 r block free file   If you buy property on a time-payment plan that charges little or no interest, the basis of your property is your stated purchase price, minus the amount considered to be unstated interest. H 7 r block free file You generally have unstated interest if your interest rate is less than the applicable federal rate. H 7 r block free file For more information, see Unstated Interest and Original Issue Discount in Publication 537. H 7 r block free file Purchase of a business. H 7 r block free file   When you purchase a trade or business, you generally purchase all assets used in the business operations, such as land, buildings, and machinery. H 7 r block free file Allocate the price among the various assets, including any section 197 intangibles. H 7 r block free file See Allocating the Basis, later. H 7 r block free file Stocks and Bonds The basis of stocks or bonds you buy is generally the purchase price plus any costs of purchase, such as commissions and recording or transfer fees. H 7 r block free file If you get stocks or bonds other than by purchase, your basis is usually determined by the fair market value (FMV) or the previous owner's adjusted basis of the stock. H 7 r block free file You must adjust the basis of stocks for certain events that occur after purchase. H 7 r block free file See Stocks and Bonds in chapter 4 of Publication 550 for more information on the basis of stock. H 7 r block free file Identifying stock or bonds sold. H 7 r block free file   If you can adequately identify the shares of stock or the bonds you sold, their basis is the cost or other basis of the particular shares of stock or bonds. H 7 r block free file If you buy and sell securities at various times in varying quantities and you cannot adequately identify the shares you sell, the basis of the securities you sell is the basis of the securities you acquired first. H 7 r block free file For more information about identifying securities you sell, see Stocks and Bonds under Basis of Investment Property in chapter 4 of Publication 550. H 7 r block free file Mutual fund shares. H 7 r block free file   If you sell mutual fund shares acquired at different times and prices, you can choose to use an average basis. H 7 r block free file For more information, see Publication 550. H 7 r block free file Real Property Real property, also called real estate, is land and generally anything built on or attached to it. H 7 r block free file If you buy real property, certain fees and other expenses become part of your cost basis in the property. H 7 r block free file Real estate taxes. H 7 r block free file   If you pay real estate taxes the seller owed on real property you bought, and the seller did not reimburse you, treat those taxes as part of your basis. H 7 r block free file You cannot deduct them as taxes. H 7 r block free file   If you reimburse the seller for taxes the seller paid for you, you can usually deduct that amount as an expense in the year of purchase. H 7 r block free file Do not include that amount in the basis of the property. H 7 r block free file If you did not reimburse the seller, you must reduce your basis by the amount of those taxes. H 7 r block free file Settlement costs. H 7 r block free file   Your basis includes the settlement fees and closing costs for buying property. H 7 r block free file You cannot include in your basis the fees and costs for getting a loan on property. H 7 r block free file A fee for buying property is a cost that must be paid even if you bought the property for cash. H 7 r block free file   The following items are some of the settlement fees or closing costs you can include in the basis of your property. H 7 r block free file Abstract fees (abstract of title fees); Charges for installing utility services; Legal fees (including title search and preparation of the sales contract and deed); Recording fees; Surveys; Transfer taxes; Owner's title insurance; and Any amounts the seller owes that you agree to pay, such as back taxes or interest, recording or mortgage fees, charges for improvements or repairs, and sales commissions. H 7 r block free file   Settlement costs do not include amounts placed in escrow for the future payment of items such as taxes and insurance. H 7 r block free file   The following items are some settlement fees and closing costs you cannot include in the basis of the property. H 7 r block free file Casualty insurance premiums. H 7 r block free file Rent for occupancy of the property before closing. H 7 r block free file Charges for utilities or other services related to occupancy of the property before closing. H 7 r block free file Charges connected with getting a loan. H 7 r block free file The following are examples of these charges. H 7 r block free file Points (discount points, loan origination fees). H 7 r block free file Mortgage insurance premiums. H 7 r block free file Loan assumption fees. H 7 r block free file Cost of a credit report. H 7 r block free file Fees for an appraisal required by a lender. H 7 r block free file Fees for refinancing a mortgage. H 7 r block free file If these costs relate to business property, items (1) through (3) are deductible as business expenses. H 7 r block free file Items (4) and (5) must be capitalized as costs of getting a loan and can be deducted over the period of the loan. H 7 r block free file Points. H 7 r block free file   If you pay points to obtain a loan (including a mortgage, second mortgage, line of credit, or a home equity loan), do not add the points to the basis of the related property. H 7 r block free file Generally, you deduct the points over the term of the loan. H 7 r block free file For more information on how to deduct points, see Points in chapter 4 of Publication 535. H 7 r block free file Points on home mortgage. H 7 r block free file   Special rules may apply to points you and the seller pay when you obtain a mortgage to purchase your main home. H 7 r block free file If certain requirements are met, you can deduct the points in full for the year in which they are paid. H 7 r block free file Reduce the basis of your home by any seller-paid points. H 7 r block free file For more information, see Points in Publication 936, Home Mortgage Interest Deduction. H 7 r block free file Assumption of mortgage. H 7 r block free file   If you buy property and assume (or buy subject to) an existing mortgage on the property, your basis includes the amount you pay for the property plus the amount to be paid on the mortgage. H 7 r block free file Example. H 7 r block free file If you buy a building for $20,000 cash and assume a mortgage of $80,000 on it, your basis is $100,000. H 7 r block free file Constructing assets. H 7 r block free file   If you build property or have assets built for you, your expenses for this construction are part of your basis. H 7 r block free file Some of these expenses include the following costs. H 7 r block free file Land, Labor and materials, Architect's fees, Building permit charges, Payments to contractors, Payments for rental equipment, and Inspection fees. H 7 r block free file In addition, if you own a business and use your employees, material, and equipment to build an asset, do not deduct the following expenses. H 7 r block free file You must include them in the asset's basis. H 7 r block free file Employee wages paid for the construction work, reduced by any employment credits allowed; Depreciation on equipment you own while it is used in the construction; Operating and maintenance costs for equipment used in the construction; and The cost of business supplies and materials used in the construction. H 7 r block free file    Do not include the value of your own labor, or any other labor you did not pay for, in the basis of any property you construct. H 7 r block free file Business Assets If you purchase property to use in your business, your basis is usually its actual cost to you. H 7 r block free file If you construct, create, or otherwise produce property, you must capitalize the costs as your basis. H 7 r block free file In certain circumstances, you may be subject to the uniform capitalization rules, next. H 7 r block free file Uniform Capitalization Rules The uniform capitalization rules specify the costs you add to basis in certain circumstances. H 7 r block free file Activities subject to the rules. H 7 r block free file   You must use the uniform capitalization rules if you do any of the following in your trade or business or activity carried on for profit. H 7 r block free file Produce real or tangible personal property for use in the business or activity, Produce real or tangible personal property for sale to customers, or Acquire property for resale. H 7 r block free file However, this rule does not apply to personal property if your average annual gross receipts for the 3 previous tax years are $10 million or less. H 7 r block free file   You produce property if you construct, build, install, manufacture, develop, improve, create, raise, or grow the property. H 7 r block free file Treat property produced for you under a contract as produced by you up to the amount you pay or costs you otherwise incur for the property. H 7 r block free file Tangible personal property includes films, sound recordings, video tapes, books, or similar property. H 7 r block free file    Under the uniform capitalization rules, you must capitalize all direct costs and an allocable part of most indirect costs you incur due to your production or resale activities. H 7 r block free file To capitalize means to include certain expenses in the basis of property you produce or in your inventory costs rather than deduct them as a current expense. H 7 r block free file You recover these costs through deductions for depreciation, amortization, or cost of goods sold when you use, sell, or otherwise dispose of the property. H 7 r block free file   Any cost you cannot use to figure your taxable income for any tax year is not subject to the uniform capitalization rules. H 7 r block free file Example. H 7 r block free file If you incur a business meal expense for which your deduction would be limited to 50% of the cost of the meal, that amount is subject to the uniform capitalization rules. H 7 r block free file The nondeductible part of the cost is not subject to the uniform capitalization rules. H 7 r block free file More information. H 7 r block free file   For more information about these rules, see the regulations under section 263A of the Internal Revenue Code and Publication 538, Accounting Periods and Methods. H 7 r block free file Exceptions. H 7 r block free file   The following are not subject to the uniform capitalization rules. H 7 r block free file Property you produce that you do not use in your trade, business, or activity conducted for profit; Qualified creative expenses you pay or incur as a free-lance (self-employed) writer, photographer, or artist that are otherwise deductible on your tax return; Property you produce under a long-term contract, except for certain home construction contracts; Research and experimental expenses deductible under section 174 of the Internal Revenue Code; and Costs for personal property acquired for resale if your (or your predecessor's) average annual gross receipts for the 3 previous tax years do not exceed $10 million. H 7 r block free file For other exceptions to the uniform capitalization rules, see section 1. H 7 r block free file 263A-1(b) of the regulations. H 7 r block free file   For information on the special rules that apply to costs incurred in the business of farming, see chapter 6 of Publication 225, Farmer's Tax Guide. H 7 r block free file Intangible Assets Intangible assets include goodwill, patents, copyrights, trademarks, trade names, and franchises. H 7 r block free file The basis of an intangible asset is usually the cost to buy or create it. H 7 r block free file If you acquire multiple assets, for example a going business for a lump sum, see Allocating the Basis below to figure the basis of the individual assets. H 7 r block free file The basis of certain intangibles can be amortized. H 7 r block free file See chapter 8 of Publication 535 for information on the amortization of these costs. H 7 r block free file Patents. H 7 r block free file   The basis of a patent you get for an invention is the cost of development, such as research and experimental expenditures, drawings, working models, and attorneys' and governmental fees. H 7 r block free file If you deduct the research and experimental expenditures as current business expenses, you cannot include them in the basis of the patent. H 7 r block free file The value of the inventor's time spent on an invention is not part of the basis. H 7 r block free file Copyrights. H 7 r block free file   If you are an author, the basis of a copyright will usually be the cost of getting the copyright plus copyright fees, attorneys' fees, clerical assistance, and the cost of plates that remain in your possession. H 7 r block free file Do not include the value of your time as the author, or any other person's time you did not pay for. H 7 r block free file Franchises, trademarks, and trade names. H 7 r block free file   If you buy a franchise, trademark, or trade name, the basis is its cost, unless you can deduct your payments as a business expense. H 7 r block free file Allocating the Basis If you buy multiple assets for a lump sum, allocate the amount you pay among the assets you receive. H 7 r block free file You must make this allocation to figure your basis for depreciation and gain or loss on a later disposition of any of these assets. H 7 r block free file See Trade or Business Acquired below. H 7 r block free file Group of Assets Acquired If you buy multiple assets for a lump sum, you and the seller may agree to a specific allocation of the purchase price among the assets in the sales contract. H 7 r block free file If this allocation is based on the value of each asset and you and the seller have adverse tax interests, the allocation generally will be accepted. H 7 r block free file However, see Trade or Business Acquired, next. H 7 r block free file Trade or Business Acquired If you acquire a trade or business, allocate the consideration paid to the various assets acquired. H 7 r block free file Generally, reduce the consideration paid by any cash and general deposit accounts (including checking and savings accounts) received. H 7 r block free file Allocate the remaining consideration to the other business assets received in proportion to (but not more than) their fair market value in the following order. H 7 r block free file Certificates of deposit, U. H 7 r block free file S. H 7 r block free file Government securities, foreign currency, and actively traded personal property, including stock and securities. H 7 r block free file Accounts receivable, other debt instruments, and assets you mark to market at least annually for federal income tax purposes. H 7 r block free file Property of a kind that would properly be included in inventory if on hand at the end of the tax year or property held primarily for sale to customers in the ordinary course of business. H 7 r block free file All other assets except section 197 intangibles, goodwill, and going concern value. H 7 r block free file Section 197 intangibles except goodwill and going concern value. H 7 r block free file Goodwill and going concern value (whether or not they qualify as section 197 intangibles). H 7 r block free file Agreement. H 7 r block free file   The buyer and seller may enter into a written agreement as to the allocation of any consideration or the fair market value (FMV) of any of the assets. H 7 r block free file This agreement is binding on both parties unless the IRS determines the amounts are not appropriate. H 7 r block free file Reporting requirement. H 7 r block free file   Both the buyer and seller involved in the sale of business assets must report to the IRS the allocation of the sales price among section 197 intangibles and the other business assets. H 7 r block free file Use Form 8594 to provide this information. H 7 r block free file The buyer and seller should each attach Form 8594 to their federal income tax return for the year in which the sale occurred. H 7 r block free file More information. H 7 r block free file   See Sale of a Business in chapter 2 of Publication 544 for more information. H 7 r block free file Land and Buildings If you buy buildings and the land on which they stand for a lump sum, allocate the basis of the property among the land and the buildings so you can figure the depreciation allowable on the buildings. H 7 r block free file Figure the basis of each asset by multiplying the lump sum by a fraction. H 7 r block free file The numerator is the FMV of that asset and the denominator is the FMV of the whole property at the time of purchase. H 7 r block free file If you are not certain of the FMV of the land and buildings, you can allocate the basis based on their assessed values for real estate tax purposes. H 7 r block free file Demolition of building. H 7 r block free file   Add demolition costs and other losses incurred for the demolition of any building to the basis of the land on which the demolished building was located. H 7 r block free file Do not claim the costs as a current deduction. H 7 r block free file Modification of building. H 7 r block free file   A modification of a building will not be treated as a demolition if the following conditions are satisfied. H 7 r block free file 75 percent or more of the existing external walls of the building are retained in place as internal or external walls, and 75 percent or more of the existing internal structural framework of the building is retained in place. H 7 r block free file   If the building is a certified historic structure, the modification must also be part of a certified rehabilitation. H 7 r block free file   If these conditions are met, add the costs of the modifications to the basis of the building. H 7 r block free file Subdivided lots. H 7 r block free file   If you buy a tract of land and subdivide it, you must determine the basis of each lot. H 7 r block free file This is necessary because you must figure the gain or loss on the sale of each individual lot. H 7 r block free file As a result, you do not recover your entire cost in the tract until you have sold all of the lots. H 7 r block free file   To determine the basis of an individual lot, multiply the total cost of the tract by a fraction. H 7 r block free file The numerator is the FMV of the lot and the denominator is the FMV of the entire tract. H 7 r block free file Future improvement costs. H 7 r block free file   If you are a developer and sell subdivided lots before the development work is completed, you can (with IRS consent) include in the basis of the properties sold an allocation of the estimated future cost for common improvements. H 7 r block free file See Revenue Procedure 92–29 for more information, including an explanation of the procedures for getting consent from the IRS. H 7 r block free file Use of erroneous cost basis. H 7 r block free file   If you made a mistake in figuring the cost basis of subdivided lots sold in previous years, you cannot correct the mistake for years for which the statute of limitations (generally 3 tax years) has expired. H 7 r block free file Figure the basis of any remaining lots by allocating the correct original cost basis of the entire tract among the original lots. H 7 r block free file Example. H 7 r block free file You bought a tract of land to which you assigned a cost of $15,000. H 7 r block free file You subdivided the land into 15 building lots of equal size and equitably divided your basis so that each lot had a basis of $1,000. H 7 r block free file You treated the sale of each lot as a separate transaction and figured gain or loss separately on each sale. H 7 r block free file Several years later you determine that your original basis in the tract was $22,500 and not $15,000. H 7 r block free file You sold eight lots using $8,000 of basis in years for which the statute of limitations has expired. H 7 r block free file You now can take $1,500 of basis into account for figuring gain or loss only on the sale of each of the remaining seven lots ($22,500 basis divided among all 15 lots). H 7 r block free file You cannot refigure the basis of the eight lots sold in tax years barred by the statute of limitations. H 7 r block free file Adjusted Basis Before figuring gain or loss on a sale, exchange, or other disposition of property or figuring allowable depreciation, depletion, or amortization, you must usually make certain adjustments to the basis of the property. H 7 r block free file The result of these adjustments to the basis is the adjusted basis. H 7 r block free file Increases to Basis Increase the basis of any property by all items properly added to a capital account. H 7 r block free file These include the cost of any improvements having a useful life of more than 1 year. H 7 r block free file Rehabilitation expenses also increase basis. H 7 r block free file However, you must subtract any rehabilitation credit allowed for these expenses before you add them to your basis. H 7 r block free file If you have to recapture any of the credit, increase your basis by the recaptured amount. H 7 r block free file If you make additions or improvements to business property, keep separate accounts for them. H 7 r block free file Also, you must depreciate the basis of each according to the depreciation rules that would apply to the underlying property if you had placed it in service at the same time you placed the addition or improvement in service. H 7 r block free file For more information, see Publication 946. H 7 r block free file The following items increase the basis of property. H 7 r block free file The cost of extending utility service lines to the property; Impact fees; Legal fees, such as the cost of defending and perfecting title; Legal fees for obtaining a decrease in an assessment levied against property to pay for local improvements; Zoning costs; and The capitalized value of a redeemable ground rent. H 7 r block free file Assessments for Local Improvements Increase the basis of property by assessments for items such as paving roads and building ditches that increase the value of the property assessed. H 7 r block free file Do not deduct them as taxes. H 7 r block free file However, you can deduct as taxes charges for maintenance, repairs, or interest charges related to the improvements. H 7 r block free file Example. H 7 r block free file Your city changes the street in front of your store into an enclosed pedestrian mall and assesses you and other affected landowners for the cost of the conversion. H 7 r block free file Add the assessment to your property's basis. H 7 r block free file In this example, the assessment is a depreciable asset. H 7 r block free file Deducting vs. H 7 r block free file Capitalizing Costs Do not add to your basis costs you can deduct as current expenses. H 7 r block free file For example, amounts paid for incidental repairs or maintenance that are deductible as business expenses cannot be added to basis. H 7 r block free file However, you can choose either to deduct or to capitalize certain other costs. H 7 r block free file If you capitalize these costs, include them in your basis. H 7 r block free file If you deduct them, do not include them in your basis. H 7 r block free file See Uniform Capitalization Rules earlier. H 7 r block free file The costs you can choose to deduct or to capitalize include the following. H 7 r block free file Carrying charges, such as interest and taxes, that you pay to own property, except carrying charges that must be capitalized under the uniform capitalization rules; Research and experimentation costs; Intangible drilling and development costs for oil, gas, and geothermal wells; Exploration costs for new mineral deposits; Mining development costs for a new mineral deposit; Costs of establishing, maintaining, or increasing the circulation of a newspaper or other periodical; and Costs of removing architectural and transportation barriers to people with disabilities and the elderly. H 7 r block free file If you claim the disabled access credit, you must reduce the amount you deduct or capitalize by the amount of the credit. H 7 r block free file For more information about deducting or capitalizing costs, see chapter 7 in Publication 535. H 7 r block free file Table 1. H 7 r block free file Examples of Increases and Decreases to Basis Increases to Basis Decreases to Basis Capital improvements:   Putting an addition on your home   Replacing an entire roof  Paving your driveway  Installing central air conditioning Rewiring your home Exclusion from income of subsidies for energy conservation measures  Casualty or theft loss deductions and insurance reimbursements  Vehicle credits Assessments for local improvements: Water connections Sidewalks Roads Section 179 deduction  Casualty losses: Restoring damaged property Depreciation  Nontaxable corporate distributions Legal fees:  Cost of defending and perfecting a title   Zoning costs   Decreases to Basis The following are some items that reduce the basis of property. H 7 r block free file Section 179 deduction; Nontaxable corporate distributions; Deductions previously allowed (or allowable) for amortization, depreciation, and depletion; Exclusion of subsidies for energy conservation measures; Vehicle credits; Residential energy credits; Postponed gain from sale of home; Investment credit (part or all) taken; Casualty and theft losses and insurance reimbursement; Certain canceled debt excluded from income; Rebates from a manufacturer or seller; Easements; Gas-guzzler tax; Adoption tax benefits; and Credit for employer-provided child care. H 7 r block free file Some of these items are discussed next. H 7 r block free file Casualties and Thefts If you have a casualty or theft loss, decrease the basis in your property by any insurance or other reimbursement and by any deductible loss not covered by insurance. H 7 r block free file You must increase your basis in the property by the amount you spend on repairs that substantially prolong the life of the property, increase its value, or adapt it to a different use. H 7 r block free file To make this determination, compare the repaired property to the property before the casualty. H 7 r block free file For more information on casualty and theft losses, see Publication 547, Casualties, Disasters, and Thefts. H 7 r block free file Easements The amount you receive for granting an easement is generally considered to be a sale of an interest in real property. H 7 r block free file It reduces the basis of the affected part of the property. H 7 r block free file If the amount received is more than the basis of the part of the property affected by the easement, reduce your basis in that part to zero and treat the excess as a recognized gain. H 7 r block free file Vehicle Credits Unless you elect not to claim the qualified plug-in electric vehicle credit, the alternative motor vehicle credit, or the qualified plug-in electric drive motor vehicle credit, you may have to reduce the basis of each qualified vehicle by certain amounts reported. H 7 r block free file For more information, see Form 8834, Qualified Plug-in Electric and Electric Vehicle Credit; Form 8910, Alternative Motor Vehicle Credit; Form 8936, Qualified Plug-in Electric Drive Motor Vehicle Credit;and the related instructions. H 7 r block free file Gas-Guzzler Tax Decrease the basis in your car by the gas-guzzler (fuel economy) tax if you begin using the car within 1 year of the date of its first sale for ultimate use. H 7 r block free file This rule also applies to someone who later buys the car and begins using it not more than 1 year after the original sale for ultimate use. H 7 r block free file If the car is imported, the one-year period begins on the date of entry or withdrawal of the car from the warehouse if that date is later than the date of the first sale for ultimate use. H 7 r block free file Section 179 Deduction If you take the section 179 deduction for all or part of the cost of qualifying business property, decrease the basis of the property by the deduction. H 7 r block free file For more information about the section 179 deduction, see Publication 946. H 7 r block free file Exclusion of Subsidies for Energy Conservation Measures You can exclude from gross income any subsidy you received from a public utility company for the purchase or installation of any energy conservation measure for a dwelling unit. H 7 r block free file Reduce the basis of the property for which you received the subsidy by the excluded amount. H 7 r block free file For more information on this subsidy, see Publication 525. H 7 r block free file Depreciation Decrease the basis of property by the depreciation you deducted, or could have deducted, on your tax returns under the method of depreciation you chose. H 7 r block free file If you took less depreciation than you could have under the method chosen, decrease the basis by the amount you could have taken under that method. H 7 r block free file If you did not take a depreciation deduction, reduce the basis by the full amount of the depreciation you could have taken. H 7 r block free file Unless a timely election is made not to deduct the special depreciation allowance for property placed in service after September 10, 2001, decrease the property's basis by the special depreciation allowance you deducted or could have deducted. H 7 r block free file If you deducted more depreciation than you should have, decrease your basis by the amount equal to the depreciation you should have deducted plus the part of the excess depreciation you deducted that actually reduced your tax liability for the year. H 7 r block free file In decreasing your basis for depreciation, take into account the amount deducted on your tax returns as depreciation and any depreciation capitalized under the uniform capitalization rules. H 7 r block free file For information on figuring depreciation, see Publication 946. H 7 r block free file If you are claiming depreciation on a business vehicle, see Publication 463. H 7 r block free file If the car is not used more than 50% for business during the tax year, you may have to recapture excess depreciation. H 7 r block free file Include the excess depreciation in your gross income and add it to your basis in the property. H 7 r block free file For information on the computation of excess depreciation, see chapter 4 in Publication 463. H 7 r block free file Canceled Debt Excluded From Income If a debt you owe is canceled or forgiven, other than as a gift or bequest, you generally must include the canceled amount in your gross income for tax purposes. H 7 r block free file A debt includes any indebtedness for which you are liable or which attaches to property you hold. H 7 r block free file You can exclude canceled debt from income in the following situations. H 7 r block free file Debt canceled in a bankruptcy case or when you are insolvent, Qualified farm debt, and Qualified real property business debt (provided you are not a C corporation). H 7 r block free file If you exclude from income canceled debt under situation (1) or (2), you may have to reduce the basis of your depreciable and nondepreciable property. H 7 r block free file However, in situation (3), you must reduce the basis of your depreciable property by the excluded amount. H 7 r block free file For more information about canceled debt in a bankruptcy case or during insolvency, see Publication 908, Bankruptcy Tax Guide. H 7 r block free file For more information about canceled debt that is qualified farm debt, see chapter 3 in Publication 225. H 7 r block free file For more information about qualified real property business debt, see chapter 5 in Publication 334, Tax Guide for Small Business. H 7 r block free file Postponed Gain From Sale of Home If you postponed gain from the sale of your main home before May 7, 1997, you must reduce the basis of your new home by the postponed gain. H 7 r block free file For more information on the rules for the sale of a home, see Publication 523. H 7 r block free file Adoption Tax Benefits If you claim an adoption credit for the cost of improvements you added to the basis of your home, decrease the basis of your home by the credit allowed. H 7 r block free file This also applies to amounts you received under an employer's adoption assistance program and excluded from income. H 7 r block free file For more information Form 8839, Qualified Adoption Expenses. H 7 r block free file Employer-Provided Child Care If you are an employer, you can claim the employer-provided child care credit on amounts you paid or incurred to acquire, construct, rehabilitate, or expand property used as part of your qualified child care facility. H 7 r block free file You must reduce your basis in that property by the credit claimed. H 7 r block free file For more information, see Form 8882, Credit for Employer-Provided Child Care Facilities and Services. H 7 r block free file Adjustments to Basis Example In January 2005, you paid $80,000 for real property to be used as a factory. H 7 r block free file You also paid commissions of $2,000 and title search and legal fees of $600. H 7 r block free file You allocated the total cost of $82,600 between the land and the building—$10,325 for the land and $72,275 for the building. H 7 r block free file Immediately you spent $20,000 in remodeling the building before you placed it in service. H 7 r block free file You were allowed depreciation of $14,526 for the years 2005 through 2009. H 7 r block free file In 2008 you had a $5,000 casualty loss from a that was not covered by insurance on the building. H 7 r block free file You claimed a deduction for this loss. H 7 r block free file You spent $5,500 to repair the damages and extend the useful life of the building. H 7 r block free file The adjusted basis of the building on January 1, 2010, is figured as follows: Original cost of building including fees and commissions $72,275 Adjustments to basis:     Add:         Improvements 20,000   Repair of damages 5,500       $97,775 Subtract:       Depreciation $14,526     Deducted casualty loss 5,000 19,526 Adjusted basis on January 1, 2010 $78,249 The basis of the land, $10,325, remains unchanged. H 7 r block free file It is not affected by any of the above adjustments. H 7 r block free file Basis Other Than Cost There are many times when you cannot use cost as basis. H 7 r block free file In these cases, the fair market value or the adjusted basis of property may be used. H 7 r block free file Adjusted basis is discussed earlier. H 7 r block free file Fair market value (FMV). H 7 r block free file   FMV is the price at which property would change hands between a buyer and a seller, neither having to buy or sell, and both having reasonable knowledge of all necessary facts. H 7 r block free file Sales of similar property on or about the same date may be helpful in figuring the property's FMV. H 7 r block free file Property Received for Services If you receive property for services, include the property's FMV in income. H 7 r block free file The amount you include in income becomes your basis. H 7 r block free file If the services were performed for a price agreed on beforehand, it will be accepted as the FMV of the property if there is no evidence to the contrary. H 7 r block free file Bargain Purchases A bargain purchase is a purchase of an item for less than its FMV. H 7 r block free file If, as compensation for services, you purchase goods or other property at less than FMV, include the difference between the purchase price and the property's FMV in your income. H 7 r block free file Your basis in the property is its FMV (your purchase price plus the amount you include in income). H 7 r block free file If the difference between your purchase price and the FMV represents a qualified employee discount, do not include the difference in income. H 7 r block free file However, your basis in the property is still its FMV. H 7 r block free file See Employee Discounts in Publication 15-B. H 7 r block free file Restricted Property If you receive property for your services and the property is subject to certain restrictions, your basis in the property is its FMV when it becomes substantially vested unless you make the election discussed later. H 7 r block free file Property becomes substantially vested when your rights in the property or the rights of any person to whom you transfer the property are not subject to a substantial risk of forfeiture. H 7 r block free file There is substantial risk of forfeiture when the rights to full enjoyment of the property depend on the future performance of substantial services by any person. H 7 r block free file When the property becomes substantially vested, include the FMV, less any amount you paid for the property, in income. H 7 r block free file Example. H 7 r block free file Your employer gives you stock for services performed under the condition that you will have to return the stock unless you complete 5 years of service. H 7 r block free file The stock is under a substantial risk of forfeiture and is not substantially vested when you receive it. H 7 r block free file You do not report any income until you have completed the 5 years of service that satisfy the condition. H 7 r block free file Fair market value. H 7 r block free file   Figure the FMV of property you received without considering any restriction except one that by its terms will never end. H 7 r block free file Example. H 7 r block free file You received stock from your employer for services you performed. H 7 r block free file If you want to sell the stock while you are still employed, you must sell the stock to your employer at book value. H 7 r block free file At your retirement or death, you or your estate must offer to sell the stock to your employer at its book value. H 7 r block free file This is a restriction that by its terms will never end and you must consider it when you figure the FMV. H 7 r block free file Election. H 7 r block free file   You can choose to include in your gross income the FMV of the property at the time of transfer, less any amount you paid for it. H 7 r block free file If you make this choice, the substantially vested rules do not apply. H 7 r block free file Your basis is the amount you paid plus the amount you included in income. H 7 r block free file   See the discussion of Restricted Property in Publication 525 for more information. H 7 r block free file Taxable Exchanges A taxable exchange is one in which the gain is taxable or the loss is deductible. H 7 r block free file A taxable gain or deductible loss is also known as a recognized gain or loss. H 7 r block free file If you receive property in exchange for other property in a taxable exchange, the basis of property you receive is usually its FMV at the time of the exchange. H 7 r block free file A taxable exchange occurs when you receive cash or property not similar or related in use to the property exchanged. H 7 r block free file Example. H 7 r block free file You trade a tract of farm land with an adjusted basis of $3,000 for a tractor that has an FMV of $6,000. H 7 r block free file You must report a taxable gain of $3,000 for the land. H 7 r block free file The tractor has a basis of $6,000. H 7 r block free file Involuntary Conversions If you receive property as a result of an involuntary conversion, such as a casualty, theft, or condemnation, you can figure the basis of the replacement property you receive using the basis of the converted property. H 7 r block free file Similar or related property. H 7 r block free file   If you receive replacement property similar or related in service or use to the converted property, the replacement property's basis is the old property's basis on the date of the conversion. H 7 r block free file However, make the following adjustments. H 7 r block free file Decrease the basis by the following. H 7 r block free file Any loss you recognize on the conversion, and Any money you receive that you do not spend on similar property. H 7 r block free file Increase the basis by the following. H 7 r block free file Any gain you recognize on the conversion, and Any cost of acquiring the replacement property. H 7 r block free file Money or property not similar or related. H 7 r block free file   If you receive money or property not similar or related in service or use to the converted property, and you buy replacement property similar or related in service or use to the converted property, the basis of the new property is its cost decreased by the gain not recognized on the conversion. H 7 r block free file Example. H 7 r block free file The state condemned your property. H 7 r block free file The property had an adjusted basis of $26,000 and the state paid you $31,000 for it. H 7 r block free file You realized a gain of $5,000 ($31,000 − $26,000). H 7 r block free file You bought replacement property similar in use to the converted property for $29,000. H 7 r block free file You recognize a gain of $2,000 ($31,000 − $29,000), the unspent part of the payment from the state. H 7 r block free file Your gain not recognized is $3,000, the difference between the $5,000 realized gain and the $2,000 recognized gain. H 7 r block free file The basis of the new property is figured as follows: Cost of replacement property $29,000 Minus: Gain not recognized 3,000 Basis of the replacement property $26,000 Allocating the basis. H 7 r block free file   If you buy more than one piece of replacement property, allocate your basis among the properties based on their respective costs. H 7 r block free file Example. H 7 r block free file The state in the previous example condemned your unimproved real property and the replacement property you bought was improved real property with both land and buildings. H 7 r block free file Allocate the replacement property's $26,000 basis between land and buildings based on their respective costs. H 7 r block free file More information. H 7 r block free file   For more information about condemnations, see Involuntary Conversions in Publication 544. H 7 r block free file For more information about casualty and theft losses, see Publication 547. H 7 r block free file Nontaxable Exchanges A nontaxable exchange is an exchange in which you are not taxed on any gain and you cannot deduct any loss. H 7 r block free file If you receive property in a nontaxable exchange, its basis is usually the same as the basis of the property you transferred. H 7 r block free file A nontaxable gain or loss is also known as an unrecognized gain or loss. H 7 r block free file Like-Kind Exchanges The exchange of property for the same kind of property is the most common type of nontaxable exchange. H 7 r block free file To qualify as a like-kind exchange, you must hold for business or investment purposes both the property you transfer and the property you receive. H 7 r block free file There must also be an exchange of like-kind property. H 7 r block free file For more information, see Like-Kind Exchanges in Publication 544. H 7 r block free file The basis of the property you receive is the same as the basis of the property you gave up. H 7 r block free file Example. H 7 r block free file You exchange real estate (adjusted basis $50,000, FMV $80,000) held for investment for other real estate (FMV $80,000) held for investment. H 7 r block free file Your basis in the new property is the same as the basis of the old ($50,000). H 7 r block free file Exchange expenses. H 7 r block free file   Exchange expenses are generally the closing costs you pay. H 7 r block free file They include such items as brokerage commissions, attorney fees, deed preparation fees, etc. H 7 r block free file Add them to the basis of the like-kind property received. H 7 r block free file Property plus cash. H 7 r block free file   If you trade property in a like-kind exchange and also pay money, the basis of the property received is the basis of the property you gave up increased by the money you paid. H 7 r block free file Example. H 7 r block free file You trade in a truck (adjusted basis $3,000) for another truck (FMV $7,500) and pay $4,000. H 7 r block free file Your basis in the new truck is $7,000 (the $3,000 basis of the old truck plus the $4,000 paid). H 7 r block free file Special rules for related persons. H 7 r block free file   If a like-kind exchange takes place directly or indirectly between related persons and either party disposes of the property within 2 years after the exchange, the exchange no longer qualifies for like-kind exchange treatment. H 7 r block free file Each person must report any gain or loss not recognized on the original exchange. H 7 r block free file Each person reports it on the tax return filed for the year in which the later disposition occurs. H 7 r block free file If this rule applies, the basis of the property received in the original exchange will be its fair market value. H 7 r block free file   These rules generally do not apply to the following kinds of property dispositions. H 7 r block free file Dispositions due to the death of either related person, Involuntary conversions, and Dispositions in which neither the original exchange nor the subsequent disposition had as a main purpose the avoidance of federal income tax. H 7 r block free file Related persons. H 7 r block free file   Generally, related persons are ancestors, lineal descendants, brothers and sisters (whole or half), and a spouse. H 7 r block free file   For other related persons (for example, two corporations, an individual and a corporation, a grantor and fiduciary, etc. H 7 r block free file ), see Nondeductible Loss in chapter 2 of Publication 544. H 7 r block free file Exchange of business property. H 7 r block free file   Exchanging the assets of one business for the assets of another business is a multiple property exchange. H 7 r block free file For information on figuring basis, see Multiple Property Exchanges in chapter 1 of Publication 544. H 7 r block free file Partially Nontaxable Exchange A partially nontaxable exchange is an exchange in which you receive unlike property or money in addition to like property. H 7 r block free file The basis of the property you receive is the same as the basis of the property you gave up, with the following adjustments. H 7 r block free file Decrease the basis by the following amounts. H 7 r block free file Any money you receive, and Any loss you recognize on the exchange. H 7 r block free file Increase the basis by the following amounts. H 7 r block free file Any additional costs you incur, and Any gain you recognize on the exchange. H 7 r block free file If the other party to the exchange assumes your liabilities, treat the debt assumption as money you received in the exchange. H 7 r block free file Example. H 7 r block free file You traded a truck (adjusted basis $6,000) for a new truck (FMV $5,200) and $1,000 cash. H 7 r block free file You realized a gain of $200 ($6,200 − $6,000). H 7 r block free file This is the FMV of the truck received plus the cash minus the adjusted basis of the truck you traded ($5,200 + $1,000 – $6,000). H 7 r block free file You include all the gain in income (recognized gain) because the gain is less than the cash received. H 7 r block free file Your basis in the new truck is: Adjusted basis of old truck $6,000 Minus: Cash received (adjustment 1(a)) 1,000   $5,000 Plus: Gain recognized (adjustment 2(b)) 200 Basis of new truck $5,200 Allocation of basis. H 7 r block free file   Allocate the basis first to the unlike property, other than money, up to its FMV on the date of the exchange. H 7 r block free file The rest is the basis of the like property. H 7 r block free file Example. H 7 r block free file You had an adjusted basis of $15,000 in real estate you held for investment. H 7 r block free file You exchanged it for other real estate to be held for investment with an FMV of $12,500, a truck with an FMV of $3,000, and $1,000 cash. H 7 r block free file The truck is unlike property. H 7 r block free file You realized a gain of $1,500 ($16,500 − $15,000). H 7 r block free file This is the FMV of the real estate received plus the FMV of the truck received plus the cash minus the adjusted basis of the real estate you traded ($12,500 + $3,000 + $1,000 – $15,000). H 7 r block free file You include in income (recognize) all $1,500 of the gain because it is less than the FMV of the unlike property plus the cash received. H 7 r block free file Your basis in the properties you received is figured as follows. H 7 r block free file Adjusted basis of real estate transferred $15,000 Minus: Cash received (adjustment 1(a)) 1,000   $14,000 Plus: Gain recognized (adjustment 2(b)) 1,500 Total basis of properties received $15,500 Allocate the total basis of $15,500 first to the unlike property — the truck ($3,000). H 7 r block free file This is the truck's FMV. H 7 r block free file The rest ($12,500) is the basis of the real estate. H 7 r block free file Sale and Purchase If you sell property and buy similar property in two mutually dependent transactions, you may have to treat the sale and purchase as a single nontaxable exchange. H 7 r block free file Example. H 7 r block free file You are a salesperson and you use one of your cars 100% for business. H 7 r block free file You have used this car in your sales activities for 2 years and have depreciated it. H 7 r block free file Your adjusted basis in the car is $22,600 and its FMV is $23,100. H 7 r block free file You are interested in a new car, which sells for $28,000. H 7 r block free file If you trade your old car and pay $4,900 for the new one, your basis for depreciation for the new car would be $27,500 ($4,900 plus the $22,600 basis of your old car). H 7 r block free file However, you want a higher basis for depreciating the new car, so you agree to pay the dealer $28,000 for the new car if he will pay you $23,100 for your old car. H 7 r block free file Because the two transactions are dependent on each other, you are treated as having exchanged your old car for the new one and paid $4,900 ($28,000 − $23,100). H 7 r block free file Your basis for depreciating the new car is $27,500, the same as if you traded the old car. H 7 r block free file Partial Business Use of Property If you have property used partly for business and partly for personal use, and you exchange it in a nontaxable exchange for property to be used wholly or partly in your business, the basis of the property you receive is figured as if you had exchanged two properties. H 7 r block free file The first is an exchange of like-kind property. H 7 r block free file The second is personal-use property on which gain is recognized and loss is not recognized. H 7 r block free file First, figure your adjusted basis in the property as if you transferred two separate properties. H 7 r block free file Figure the adjusted basis of each part of the property by taking into account any adjustments to basis. H 7 r block free file Deduct the depreciation you took or could have taken from the adjusted basis of the business part. H 7 r block free file Then figure the amount realized for your property and allocate it to the business and nonbusiness parts of the property. H 7 r block free file The business part of the property is permitted to be exchanged tax free. H 7 r block free file However, you must recognize any gain from the exchange of the nonbusiness part. H 7 r block free file You are deemed to have received, in exchange for the nonbusiness part, an amount equal to its FMV on the date of the exchange. H 7 r block free file The basis of the property you acquired is the total basis of the property transferred (adjusted to the date of the exchange), increased by any gain recognized on the nonbusiness part. H 7 r block free file If the nonbusiness part of the property transferred is your main home, you may qualify to exclude from income all or part of the gain on that part. H 7 r block free file For more information, see Publication 523. H 7 r block free file Trade of car used partly in business. H 7 r block free file   If you trade in a car you used partly in your business for another car you will use in your business, your basis for depreciation of the new car is not the same as your basis for figuring a gain or loss on its sale. H 7 r block free file   For information on figuring your basis for depreciation, see Publication 463. H 7 r block free file Property Transferred From a Spouse The basis of property transferred to you or transferred in trust for your benefit by your spouse (or former spouse if the transfer is incident to divorce), is the same as your spouse's adjusted basis. H 7 r block free file However, adjust your basis for any gain recognized by your spouse or former spouse on property transferred in trust. H 7 r block free file This rule applies only to a transfer of property in trust in which the liabilities assumed, plus the liabilities to which the property is subject, are more than the adjusted basis of the property transferred. H 7 r block free file If the property transferred to you is a series E, series EE, or series I United States savings bond, the transferor must include in income the interest accrued to the date of transfer. H 7 r block free file Your basis in the bond immediately after the transfer is equal to the transferor's basis increased by the interest income includible in the transferor's income. H 7 r block free file For more information on these bonds, see Publication 550. H 7 r block free file At the time of the transfer, the transferor must give you the records necessary to determine the adjusted basis and holding period of the property as of the date of transfer. H 7 r block free file For more information, see Publication 504, Divorced or Separated Individuals. H 7 r block free file Property Received as a Gift To figure the basis of property you receive as a gift, you must know its adjusted basis (defined earlier) to the donor just before it was given to you, its FMV at the time it was given to you, and any gift tax paid on it. H 7 r block free file FMV Less Than Donor's Adjusted Basis If the FMV of the property at the time of the gift is less than the donor's adjusted basis, your basis depends on whether you have a gain or a loss when you dispose of the property. H 7 r block free file Your basis for figuring gain is the same as the donor's adjusted basis plus or minus any required adjustment to basis while you held the property. H 7 r block free file Your basis for figuring loss is its FMV when you received the gift plus or minus any required adjustment to basis while you held the property (see Adjusted Basis earlier). H 7 r block free file If you use the donor's adjusted basis for figuring a gain and get a loss, and then use the FMV for figuring a loss and have a gain, you have neither gain nor loss on the sale or disposition of the property. H 7 r block free file Example. H 7 r block free file You received an acre of land as a gift. H 7 r block free file At the time of the gift, the land had an FMV of $8,000. H 7 r block free file The donor's adjusted basis was $10,000. H 7 r block free file After you received the land, no events occurred to increase or decrease your basis. H 7 r block free file If you sell the land for $12,000, you will have a $2,000 gain because you must use the donor's adjusted basis ($10,000) at the time of the gift as your basis to figure gain. H 7 r block free file If you sell the land for $7,000, you will have a $1,000 loss because you must use the FMV ($8,000) at the time of the gift as your basis to figure a loss. H 7 r block free file If the sales price is between $8,000 and $10,000, you have neither gain nor loss. H 7 r block free file For instance, if the sales price was $9,000 and you tried to figure a gain using the donor's adjusted basis ($10,000), you would get a $1,000 loss. H 7 r block free file If you then tried to figure a loss using the FMV ($8,000), you would get a $1,000 gain. H 7 r block free file Business property. H 7 r block free file   If you hold the gift as business property, your basis for figuring any depreciation, depletion, or amortization deduction is the same as the donor's adjusted basis plus or minus any required adjustments to basis while you hold the property. H 7 r block free file FMV Equal to or More Than Donor's Adjusted Basis If the FMV of the property is equal to or greater than the donor's adjusted basis, your basis is the donor's adjusted basis at the time you received the gift. H 7 r block free file Increase your basis by all or part of any gift tax paid, depending on the date of the gift. H 7 r block free file Also, for figuring gain or loss from a sale or other disposition of the property, or for figuring depreciation, depletion, or amortization deductions on business property, you must increase or decrease your basis by any required adjustments to basis while you held the property. H 7 r block free file See Adjusted Basis earlier. H 7 r block free file Gift received before 1977. H 7 r block free file   If you received a gift before 1977, increase your basis in the gift (the donor's adjusted basis) by any gift tax paid on it. H 7 r block free file However, do not increase your basis above the FMV of the gift at the time it was given to you. H 7 r block free file Example 1. H 7 r block free file You were given a house in 1976 with an FMV of $21,000. H 7 r block free file The donor's adjusted basis was $20,000. H 7 r block free file The donor paid a gift tax of $500. H 7 r block free file Your basis is $20,500, the donor's adjusted basis plus the gift tax paid. H 7 r block free file Example 2. H 7 r block free file If, in Example 1, the gift tax paid had been $1,500, your basis would be $21,000. H 7 r block free file This is the donor's adjusted basis plus the gift tax paid, limited to the FMV of the house at the time you received the gift. H 7 r block free file Gift received after 1976. H 7 r block free file   If you received a gift after 1976, increase your basis in the gift (the donor's adjusted basis) by the part of the gift tax paid on it that is due to the net increase in value of the gift. H 7 r block free file Figure the increase by multiplying the gift tax paid by a fraction. H 7 r block free file The numerator of the fraction is the net increase in value of the gift and the denominator is the amount of the gift. H 7 r block free file   The net increase in value of the gift is the FMV of the gift less the donor's adjusted basis. H 7 r block free file The amount of the gift is its value for gift tax purposes after reduction by any annual exclusion and marital or charitable deduction that applies to the gift. H 7 r block free file For information on the gift tax, see Publication 950, Introduction to Estate and Gift Taxes. H 7 r block free file Example. H 7 r block free file In 2010, you received a gift of property from your mother that had an FMV of $50,000. H 7 r block free file Her adjusted basis was $20,000. H 7 r block free file The amount of the gift for gift tax purposes was $37,000 ($50,000 minus the $13,000 annual exclusion). H 7 r block free file She paid a gift tax of $9,000. H 7 r block free file Your basis, $27,290, is figured as follows: Fair market value $50,000 Minus: Adjusted basis 20,000 Net increase in value $30,000 Gift tax paid $9,000 Multiplied by ($30,000 ÷ $37,000) . H 7 r block free file 81 Gift tax due to net increase in value $7,290 Adjusted basis of property to your mother 20,000 Your basis in the property $27,290 Inherited Property Special rules apply to property acquired from a decedent who died in 2010. H 7 r block free file See Publication 4895, Tax Treatment of Property Acquired From a Decedent Dying in 2010, for details. H 7 r block free file If you inherited property from a decedent who died before 2010, your basis in property you inherit from a decedent is generally one of the following. H 7 r block free file The FMV of the property at the date of the individual's death. H 7 r block free file The FMV on the alternate valuation date if the personal representative for the estate chooses to use alternate valuation. H 7 r block free file For information on the alternate valuation date, see the Instructions for Form 706. H 7 r block free file The value under the special-use valuation method for real property used in farming or a closely held business if chosen for estate tax purposes. H 7 r block free file This method is discussed later. H 7 r block free file The decedent's adjusted basis in land to the extent of the value excluded from the decedent's taxable estate as a qualified conservation easement. H 7 r block free file For information on a qualified conservation easement, see the Instructions for Form 706. H 7 r block free file If a federal estate tax return does not have to be filed, your basis in the inherited property is its appraised value at the date of death for state inheritance or transmission taxes. H 7 r block free file For more information, see the Instructions for Form 706. H 7 r block free file Appreciated property. H 7 r block free file   The above rule does not apply to appreciated property you receive from a decedent if you or your spouse originally gave the property to the decedent within 1 year before the decedent's death. H 7 r block free file Your basis in this property is the same as the decedent's adjusted basis in the property immediately before his or her death, rather than its FMV. H 7 r block free file Appreciated property is any property whose FMV on the day it was given to the decedent is more than its adjusted basis. H 7 r block free file Community Property In community property states (Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin), husband and wife are each usually considered to own half the community property. H 7 r block free file When either spouse dies, the total value of the community property, even the part belonging to the surviving spouse, generally becomes the basis of the entire property. H 7 r block free file For this rule to apply, at least half the value of the community property interest must be includable in the decedent's gross estate, whether or not the estate must file a return. H 7 r block free file For example, you and your spouse owned community property that had a basis of $80,000. H 7 r block free file When your spouse died, half the FMV of the community interest was includible in your spouse's estate. H 7 r block free file The FMV of the community interest was $100,000. H 7 r block free file The basis of your half of the property after the death of your spouse is $50,000 (half of the $100,000 FMV). H 7 r block free file The basis of the other half to your spouse's heirs is also $50,000. H 7 r block free file For more information on community property, see Publication 555, Community Property. H 7 r block free file Property Held by Surviving Tenant The following example explains the rule for the basis of property held by a surviving tenant in joint tenancy or tenancy by the entirety. H 7 r block free file Example. H 7 r block free file John and Jim owned, as joint tenants with right of survivorship, business property they purchased for $30,000. H 7 r block free file John furnished two-thirds of the purchase price and Jim furnished one-third. H 7 r block free file Depreciation deductions allowed before John's death were $12,000. H 7 r block free file Under local law, each had a half interest in the income from the property. H 7 r block free file At the date of John's death, the property had an FMV of $60,000, two-thirds of which is includable in John's estate. H 7 r block free file Jim figures his basis in the property at the date of John's death as follows: Interest Jim bought with his own funds—1/3 of $30,000 cost $10,000   Interest Jim received on John's death—2/3 of $60,000 FMV 40,000 $50,000 Minus: ½ of $12,000 depreciation before John's death 6,000 Jim's basis at the date of John's death $44,000 If Jim had not contributed any part of the purchase price, his basis at the date of John's death would be $54,000. H 7 r block free file This is figured by subtracting from the $60,000 FMV, the $6,000 depreciation allocated to Jim's half interest before the date of death. H 7 r block free file If under local law Jim had no interest in the income from the property and he contributed no part of the purchase price, his basis at John's death would be $60,000, the FMV of the property. H 7 r block free file Qualified Joint Interest Include one-half of the value of a qualified joint interest in the decedent's gross estate. H 7 r block free file It does not matter how much each spouse contributed to the purchase price. H 7 r block free file Also, it does not matter which spouse dies first. H 7 r block free file A qualified joint interest is any interest in property held by husband and wife as either of the following. H 7 r block free file Tenants by the entirety, or Joint tenants with right of survivorship if husband and wife are the only joint tenants. H 7 r block free file Basis. H 7 r block free file   As the surviving spouse, your basis in property you owned with your spouse as a qualified joint interest is the cost of your half of the property with certain adjustments. H 7 r block free file Decrease the cost by any deductions allowed to you for depreciation and depletion. H 7 r block free file Increase the reduced cost by your basis in the half you inherited. H 7 r block free file Farm or Closely Held Business Under certain conditions, when a person dies the executor or personal representative of that person's estate can choose to value the qualified real property on other than its FMV. H 7 r block free file If so, the executor or personal representative values the qualified real property based on its use as a farm or its use in a closely held business. H 7 r block free file If the executor or personal representative chooses this method of valuation for estate tax purposes, that value is the basis of the property for the heirs. H 7 r block free file Qualified heirs should be able to get the necessary value from the executor or personal representative of the estate. H 7 r block free file Special-use valuation. H 7 r block free file   If you are a qualified heir who received special-use valuation property, your basis in the property is the estate's or trust's basis in that property immediately before the distribution. H 7 r block free file Increase your basis by any gain recognized by the estate or trust because of post-death appreciation. H 7 r block free file Post-death appreciation is the property's FMV on the date of distribution minus the property's FMV either on the date of the individual's death or the alternate valuation date. H 7 r block free file Figure all FMVs without regard to the special-use valuation. H 7 r block free file   You can elect to increase your basis in special-use valuation property if it becomes subject to the additional estate tax. H 7 r block free file This tax is assessed if, within 10 years after the death of the decedent, you transfer the property to a person who is not a member of your family or the property stops being used as a farm or in a closely held business. H 7 r block free file   To increase your basis in the property, you must make an irrevocable election and pay interest on the additional estate tax figured from the date 9 months after the decedent's death until the date of the payment of the additional estate tax. H 7 r block free file If you meet these requirements, increase your basis in the property to its FMV on the date of the decedent's death or the alternate valuation date. H 7 r block free file The increase in your basis is considered to have occurred immediately before the event that results in the additional estate tax. H 7 r block free file   You make the election by filing with Form 706-A a statement that does all of the following. H 7 r block free file Contains your name, address, and taxpayer identification number and those of the estate; Identifies the election as an election under section 1016(c) of the Internal Revenue Code; Specifies the property for which the election is made; and Provides any additional information required by the Instructions for Form 706-A. H 7 r block free file   For more information, see the Instructions for Form 706 and the Instructions for Form 706-A. H 7 r block free file Property Changed to Business or Rental Use If you hold property for personal use and then change it to business use or use it to produce rent, you must figure its basis for depreciation. H 7 r block free file An example of changing property held for personal use to business use would be renting out your former main home. H 7 r block free file Basis for depreciation. H 7 r block free file   The basis for depreciation is the lesser of the following amounts. H 7 r block free file The FMV of the property on the date of the change, or Your adjusted basis on the date of the change. H 7 r block free file Example. H 7 r block free file Several years ago you paid $160,000 to have your home built on a lot that cost $25,000. H 7 r block free file You paid $20,000 for permanent improvements to the house and claimed a $2,000 casualty loss deduction for damage to the house before changing the property to rental use last year. H 7 r block free file Because land is not depreciable, you include only the cost of the house when figuring the basis for depreciation. H 7 r block free file Your adjusted basis in the house when you changed its use was $178,000 ($160,000 + $20,000 − $2,000). H 7 r block free file On the same date, your property had an FMV of $180,000, of which $15,000 was for the land and $165,000 was for the house. H 7 r block free file The basis for figuring depreciation on the house is its FMV on the date of change ($165,000) because it is less than your adjusted basis ($178,000). H 7 r block free file Sale of property. H 7 r block free file   If you later sell or dispose of property changed to business or rental use, the basis of the property you use will depend on whether you are figuring gain or loss. H 7 r block free file Gain. H 7 r block free file   The basis for figuring a gain is your adjusted basis when you sell the property. H 7 r block free file Example. H 7 r block free file Assume the same facts as in the previous example except that you sell the property at a gain after being allowed depreciation deductions of $37,500. H 7 r block free file Your adjusted basis for figuring gain is $165,500 ($178,000 + $25,000 (land) − $37,500). H 7 r block free file Loss. H 7 r block free file   Figure the basis for a loss starting with the smaller of your adjusted basis or the FMV of the property at the time of the change to business or rental use. H 7 r block free file Then adjust this amount for the period after the change in the property's use, as discussed earlier under Adjusted Basis, to arrive at a basis for loss. H 7 r block free file Example. H 7 r block free file Assume the same facts as in the previous example, except that you sell the property at a loss after being allowed depreciation deductions of $37,500. H 7 r block free file In this case, you would start with the FMV on the date of the change to rental use ($180,000) because it is less than the adjusted basis of $203,000 ($178,000 + $25,000) on that date. H 7 r block free file Reduce that amount ($180,000) by the depreciation deductions to arrive at a basis for loss of $142,500 ($180,000 − $37,500). H 7 r block free file How To Get Tax Help You can get help with unresolved tax issues, order free publications and forms, ask tax questions, and get more information from the IRS in several ways. H 7 r block free file By selecting the method that is best for you, you will have quick and easy access to tax help. H 7 r block free file Contacting your Taxpayer Advocate. H 7 r block free file   The Taxpayer Advocate Service (TAS) is an independent organization within the IRS. H 7 r block free file We help taxpayers who are experiencing economic harm, such as not being able to provide necessities like housing, transportation, or food; taxpayers who are seeking help in resolving tax problems with the IRS; and those who believe that an IRS system or procedure is not working as it should. H 7 r block free file Here are seven things every taxpayer should know about TAS. H 7 r block free file TAS is your voice at the IRS. H 7 r block free file Our service is free, confidential, and tailored to meet your needs. H 7 r block free file You may be eligible for our help if you have tried to resolve your tax problem through normal IRS channels and have gotten nowhere, or you believe an IRS procedure just isn't working as it should. H 7 r block free file We help taxpayers whose problems are causing financial difficulty or significant cost, including the cost of professional representation. H 7 r block free file This includes businesses as well as individuals. H 7 r block free file Our employees know the IRS and how to navigate it. H 7 r block free file If you qualify for our help, we'll assign your case to an advocate who will listen to your problem, help you understand what needs to be done to resolve it, and stay with you every step of the way until your problem is resolved. H 7 r block free file We have at least one local taxpayer advocate in every state, the District of Columbia, and Puerto Rico. H 7 r block free file You can call your local advocate, whose number is in your phone book, in Publication 1546, Taxpayer Advocate Service—Your Voice at the IRS, and on our website at www. H 7 r block free file irs. H 7 r block free file gov/advocate. H 7 r block free file You can also call our toll-free line at 1-877-777-4778 or TTY/TDD 1-800-829-4059. H 7 r block free file You can learn about your rights and responsibilities as a taxpayer by visiting our online tax toolkit at www. H 7 r block free file taxtoolkit. H 7 r block free file irs. H 7 r block free file gov. H 7 r block free file You can get updates on hot tax topics by visiting our YouTube channel at www. H 7 r block free file youtube. H 7 r block free file com/tasnta and our Facebook page at www. H 7 r block free file facebook. H 7 r block free file com/YourVoiceAtIRS, or by following our tweets at www. H 7 r block free file twitter. H 7 r block free file com/YourVoiceAtIRS. H 7 r block free file Low Income Taxpayer Clinics (LITCs). H 7 r block free file   The Low Income Taxpayer Clinic program serves individuals who have a problem with the IRS and whose income is below a certain level. H 7 r block free file LITCs are independent from the IRS. H 7 r block free file Most LITCs can provide representation before the IRS or in court on audits, tax collection disputes, and other issues for free or a small fee. H 7 r block free file If an individual's native language is not English, some clinics can provide multilingual information about taxpayer rights and responsibilities. H 7 r block free file For more information, see Publication 4134, Low Income Taxpayer Clinic List. H 7 r block free file This publication is available at IRS. H 7 r block free file gov, by calling 1-800-TAX-FORM (1-800-829-3676), or at your local IRS office. H 7 r block free file Free tax services. H 7 r block free file   Publication 910, IRS Guide to Free Tax Services, is your guide to IRS services and resources. H 7 r block free file Learn about free tax information from the IRS, including publications, services, and education and assistance programs. H 7 r block free file The publication also has an index of over 100 TeleTax topics (recorded tax information) you can listen to on the telephone. H 7 r block free file The majority of the information and services listed in this publication are available to you free of charge. H 7 r block free file If there is a fee associated with a resource or service, it is listed in the publication. H 7 r block free file   Accessible versions of IRS published products are available on request in a variety of alternative formats for people with d