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How Can I Amend My 2010 Tax Return

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How Can I Amend My 2010 Tax Return

How can i amend my 2010 tax return 25. How can i amend my 2010 tax return   Nonbusiness Casualty and Theft Losses Table of Contents What's New Introduction Useful Items - You may want to see: CasualtyFamily pet. How can i amend my 2010 tax return Progressive deterioration. How can i amend my 2010 tax return Damage from corrosive drywall. How can i amend my 2010 tax return Theft Loss on Deposits Proof of Loss Figuring a LossDecrease in Fair Market Value Adjusted Basis Insurance and Other Reimbursements Single Casualty on Multiple Properties Deduction Limits$100 Rule 10% Rule When To Report Gains and LossesDisaster Area Loss How To Report Gains and Losses What's New New Section C of Form 4684 for Ponzi-type investment schemes. How can i amend my 2010 tax return  Section C of Form 4684 is new for 2013. How can i amend my 2010 tax return You must complete Section C if you are claiming a theft loss deduction due to a Ponzi-type investment scheme and are using Revenue Procedure 2009-20, as modified by Revenue Procedure 2011-58. How can i amend my 2010 tax return Section C of Form 4684 replaces Appendix A in Revenue Procedure 2009-20. How can i amend my 2010 tax return You do not need to complete Appendix A. How can i amend my 2010 tax return For details, see Losses from Ponzi-type investment schemes , in this chapter. How can i amend my 2010 tax return Introduction This chapter explains the tax treatment of personal (not business or investment related) casualty losses, theft losses, and losses on deposits. How can i amend my 2010 tax return The chapter also explains the following  topics. How can i amend my 2010 tax return How to figure the amount of your loss. How can i amend my 2010 tax return How to treat insurance and other reimbursements you receive. How can i amend my 2010 tax return The deduction limits. How can i amend my 2010 tax return When and how to report a casualty or theft. How can i amend my 2010 tax return Forms to file. How can i amend my 2010 tax return    When you have a casualty or theft, you have to file Form 4684. How can i amend my 2010 tax return You will also have to file one or more of the following forms. How can i amend my 2010 tax return Schedule A (Form 1040), Itemized Deductions Schedule D (Form 1040), Capital Gains and Losses Condemnations. How can i amend my 2010 tax return   For information on condemnations of property, see Involuntary Conversions in chapter 1 of Publication 544, Sales and Other Disposition of Assets. How can i amend my 2010 tax return Workbook for casualties and thefts. How can i amend my 2010 tax return    Publication 584 is available to help you make a list of your stolen or damaged personal-use property and figure your loss. How can i amend my 2010 tax return It includes schedules to help you figure the loss on your home, its contents, and your motor vehicles. How can i amend my 2010 tax return Business or investment-related losses. How can i amend my 2010 tax return   For information on a casualty or theft loss of business or income-producing property, see Publication 547, Casualties, Disasters, and Thefts. How can i amend my 2010 tax return Useful Items - You may want to see: Publication 544 Sales and Other Dispositions  of Assets 547 Casualties, Disasters, and   Thefts 584 Casualty, Disaster, and Theft   Loss Workbook (Personal-Use  Property) Form (and Instructions) Schedule A (Form 1040) Itemized Deductions Schedule D (Form 1040) Capital Gains and Losses 4684 Casualties and Thefts Casualty A casualty is the damage, destruction, or loss of property resulting from an identifiable event that is sudden, unexpected, or unusual. How can i amend my 2010 tax return A sudden event is one that is swift, not gradual or progressive. How can i amend my 2010 tax return An unexpected event is one that is ordinarily unanticipated and unintended. How can i amend my 2010 tax return An unusual event is one that is not a day-to-day occurrence and that is not typical of the activity in which you were engaged. How can i amend my 2010 tax return Deductible losses. How can i amend my 2010 tax return   Deductible casualty losses can result from a number of different causes, including the following. How can i amend my 2010 tax return Car accidents (but see Nondeductible losses , next, for exceptions). How can i amend my 2010 tax return Earthquakes. How can i amend my 2010 tax return Fires (but see Nondeductible losses , next, for exceptions). How can i amend my 2010 tax return Floods. How can i amend my 2010 tax return Government-ordered demolition or relocation of a home that is unsafe to use because of a disaster as discussed under Disaster Area Losses in Publication 547. How can i amend my 2010 tax return Mine cave-ins. How can i amend my 2010 tax return Shipwrecks. How can i amend my 2010 tax return Sonic booms. How can i amend my 2010 tax return Storms, including hurricanes and tornadoes. How can i amend my 2010 tax return Terrorist attacks. How can i amend my 2010 tax return Vandalism. How can i amend my 2010 tax return Volcanic eruptions. How can i amend my 2010 tax return Nondeductible losses. How can i amend my 2010 tax return   A casualty loss is not deductible if the damage or destruction is caused by the following. How can i amend my 2010 tax return Accidentally breaking articles such as glassware or china under normal conditions. How can i amend my 2010 tax return A family pet (explained below). How can i amend my 2010 tax return A fire if you willfully set it or pay someone else to set it. How can i amend my 2010 tax return A car accident if your willful negligence or willful act caused it. How can i amend my 2010 tax return The same is true if the willful act or willful negligence of someone acting for you caused the accident. How can i amend my 2010 tax return Progressive deterioration (explained later). How can i amend my 2010 tax return Family pet. How can i amend my 2010 tax return   Loss of property due to damage by a family pet is not deductible as a casualty loss unless the requirements discussed earlier under Casualty are met. How can i amend my 2010 tax return Example. How can i amend my 2010 tax return Your antique oriental rug was damaged by your new puppy before it was housebroken. How can i amend my 2010 tax return Because the damage was not unexpected and unusual, the loss is not deductible as a casualty loss. How can i amend my 2010 tax return Progressive deterioration. How can i amend my 2010 tax return    Loss of property due to progressive deterioration is not deductible as a casualty loss. How can i amend my 2010 tax return This is because the damage results from a steadily operating cause or a normal process, rather than from a sudden event. How can i amend my 2010 tax return The following are examples of damage due to progressive deterioration. How can i amend my 2010 tax return The steady weakening of a building due to normal wind and weather conditions. How can i amend my 2010 tax return The deterioration and damage to a water heater that bursts. How can i amend my 2010 tax return However, the rust and water damage to rugs and drapes caused by the bursting of a water heater does qualify as a casualty. How can i amend my 2010 tax return Most losses of property caused by droughts. How can i amend my 2010 tax return To be deductible, a drought-related loss generally must be incurred in a trade or business or in a transaction entered into for profit. How can i amend my 2010 tax return Termite or moth damage. How can i amend my 2010 tax return The damage or destruction of trees, shrubs, or other plants by a fungus, disease, insects, worms, or similar pests. How can i amend my 2010 tax return However, a sudden destruction due to an unexpected or unusual infestation of beetles or other insects may result in a casualty loss. How can i amend my 2010 tax return Damage from corrosive drywall. How can i amend my 2010 tax return   Under a special procedure, you may be able to claim a casualty loss deduction for amounts you paid to repair damage to your home and household appliances that resulted from corrosive drywall. How can i amend my 2010 tax return For details, see Publication 547. How can i amend my 2010 tax return Theft A theft is the taking and removing of money or property with the intent to deprive the owner of it. How can i amend my 2010 tax return The taking of property must be illegal under the laws of the state where it occurred and it must have been done with criminal intent. How can i amend my 2010 tax return You do not need to show a conviction for theft. How can i amend my 2010 tax return Theft includes the taking of money or property by the following means. How can i amend my 2010 tax return Blackmail. How can i amend my 2010 tax return Burglary. How can i amend my 2010 tax return Embezzlement. How can i amend my 2010 tax return Extortion. How can i amend my 2010 tax return Kidnapping for ransom. How can i amend my 2010 tax return Larceny. How can i amend my 2010 tax return Robbery. How can i amend my 2010 tax return The taking of money or property through fraud or misrepresentation is theft if it is illegal under state or local law. How can i amend my 2010 tax return Decline in market value of stock. How can i amend my 2010 tax return   You cannot deduct as a theft loss the decline in market value of stock acquired on the open market for investment if the decline is caused by disclosure of accounting fraud or other illegal misconduct by the officers or directors of the corporation that issued the stock. How can i amend my 2010 tax return However, you can deduct as a capital loss the loss you sustain when you sell or exchange the stock or the stock becomes completely worthless. How can i amend my 2010 tax return You report a capital loss on Schedule D (Form 1040). How can i amend my 2010 tax return For more information about stock sales, worthless stock, and capital losses, see chapter 4 of Publication 550. How can i amend my 2010 tax return Mislaid or lost property. How can i amend my 2010 tax return   The simple disappearance of money or property is not a theft. How can i amend my 2010 tax return However, an accidental loss or disappearance of property can qualify as a casualty if it results from an identifiable event that is sudden, unexpected, or unusual. How can i amend my 2010 tax return Sudden, unexpected, and unusual events are defined earlier. How can i amend my 2010 tax return Example. How can i amend my 2010 tax return A car door is accidentally slammed on your hand, breaking the setting of your diamond ring. How can i amend my 2010 tax return The diamond falls from the ring and is never found. How can i amend my 2010 tax return The loss of the diamond is a casualty. How can i amend my 2010 tax return Losses from Ponzi-type investment schemes. How can i amend my 2010 tax return   If you had a loss from a Ponzi-type investment scheme, see: Revenue Ruling 2009-9, 2009-14 I. How can i amend my 2010 tax return R. How can i amend my 2010 tax return B. How can i amend my 2010 tax return 735 (available at www. How can i amend my 2010 tax return irs. How can i amend my 2010 tax return gov/irb/2009-14_IRB/ar07. How can i amend my 2010 tax return html). How can i amend my 2010 tax return Revenue Procedure 2009-20, 2009-14 I. How can i amend my 2010 tax return R. How can i amend my 2010 tax return B. How can i amend my 2010 tax return 749 (available at www. How can i amend my 2010 tax return irs. How can i amend my 2010 tax return gov/irb/2009-14_IRB/ar11. How can i amend my 2010 tax return html). How can i amend my 2010 tax return Revenue Procedure 2011-58, 2011-50 I. How can i amend my 2010 tax return R. How can i amend my 2010 tax return B. How can i amend my 2010 tax return 849 (available at www. How can i amend my 2010 tax return irs. How can i amend my 2010 tax return gov/irb/2011-50_IRB/ar11. How can i amend my 2010 tax return html). How can i amend my 2010 tax return If you qualify to use Revenue Procedure 2009-20, as modified by Revenue Procedure 2011-58, and you choose to follow the procedures in the guidance, first fill out Section C of Form 4684 to determine the amount to enter on Section B, line 28. How can i amend my 2010 tax return Skip lines 19 to 27. How can i amend my 2010 tax return Section C of Form 4684 replaces Appendix A in Revenue Procedure 2009-20. How can i amend my 2010 tax return You do not need to complete Appendix A. How can i amend my 2010 tax return For more information, see the above revenue ruling and revenue procedures, and the Instructions for Form 4684. How can i amend my 2010 tax return   If you choose not to use the procedures in Revenue Procedure 2009-20, you may claim your theft loss by filling out Section B, lines 19 to 39, as appropriate. How can i amend my 2010 tax return Loss on Deposits A loss on deposits can occur when a bank, credit union, or other financial institution becomes insolvent or bankrupt. How can i amend my 2010 tax return If you incurred this type of loss, you can choose one of the following ways to deduct the loss. How can i amend my 2010 tax return As a casualty loss. How can i amend my 2010 tax return As an ordinary loss. How can i amend my 2010 tax return As a nonbusiness bad debt. How can i amend my 2010 tax return Casualty loss or ordinary loss. How can i amend my 2010 tax return   You can choose to deduct a loss on deposits as a casualty loss or as an ordinary loss for any year in which you can reasonably estimate how much of your deposits you have lost in an insolvent or bankrupt financial institution. How can i amend my 2010 tax return The choice is generally made on the return you file for that year and applies to all your losses on deposits for the year in that particular financial institution. How can i amend my 2010 tax return If you treat the loss as a casualty or ordinary loss, you cannot treat the same amount of the loss as a nonbusiness bad debt when it actually becomes worthless. How can i amend my 2010 tax return However, you can take a nonbusiness bad debt deduction for any amount of loss that is more than the estimated amount you deducted as a casualty or ordinary loss. How can i amend my 2010 tax return Once you make this choice, you cannot change it without permission from the Internal Revenue Service. How can i amend my 2010 tax return   If you claim an ordinary loss, report it as a miscellaneous itemized deduction on Schedule A (Form 1040), line 23. How can i amend my 2010 tax return The maximum amount you can claim is $20,000 ($10,000 if you are married filing separately) reduced by any expected state insurance proceeds. How can i amend my 2010 tax return Your loss is subject to the 2%-of-adjusted-gross-income limit. How can i amend my 2010 tax return You cannot choose to claim an ordinary loss if any part of the deposit is federally insured. How can i amend my 2010 tax return Nonbusiness bad debt. How can i amend my 2010 tax return   If you do not choose to deduct the loss as a casualty loss or as an ordinary loss, you must wait until the year the actual loss is determined and deduct the loss as a nonbusiness bad debt in that year. How can i amend my 2010 tax return How to report. How can i amend my 2010 tax return   The kind of deduction you choose for your loss on deposits determines how you report your loss. How can i amend my 2010 tax return If you choose: Casualty loss — report it on Form 4684 first and then on Schedule A (Form 1040). How can i amend my 2010 tax return Ordinary loss — report it on Schedule A (Form 1040) as a miscellaneous itemized deduction. How can i amend my 2010 tax return Nonbusiness bad debt — report it on Form 8949 first and then on Schedule D (Form 1040). How can i amend my 2010 tax return More information. How can i amend my 2010 tax return   For more information, see Special Treatment for Losses on Deposits in Insolvent or Bankrupt Financial Institutions in the Instructions for Form 4684 or Deposit in Insolvent or Bankrupt Financial Institution in Publication 550. How can i amend my 2010 tax return Proof of Loss To deduct a casualty or theft loss, you must be able to prove that you had a casualty or theft. How can i amend my 2010 tax return You also must be able to support the amount you take as a deduction. How can i amend my 2010 tax return Casualty loss proof. How can i amend my 2010 tax return   For a casualty loss, your records should show all the following. How can i amend my 2010 tax return The type of casualty (car accident, fire, storm, etc. How can i amend my 2010 tax return ) and when it occurred. How can i amend my 2010 tax return That the loss was a direct result of the casualty. How can i amend my 2010 tax return That you were the owner of the property or, if you leased the property from someone else, that you were contractually liable to the owner for the damage. How can i amend my 2010 tax return Whether a claim for reimbursement exists for which there is a reasonable expectation of recovery. How can i amend my 2010 tax return Theft loss proof. How can i amend my 2010 tax return   For a theft loss, your records should show all the following. How can i amend my 2010 tax return When you discovered that your property was missing. How can i amend my 2010 tax return That your property was stolen. How can i amend my 2010 tax return That you were the owner of the property. How can i amend my 2010 tax return Whether a claim for reimbursement exists for which there is a reasonable expectation of recovery. How can i amend my 2010 tax return It is important that you have records that will prove your deduction. How can i amend my 2010 tax return If you do not have the actual records to support your deduction, you can use other satisfactory evidence to support it. How can i amend my 2010 tax return Figuring a Loss Figure the amount of your loss using the following steps. How can i amend my 2010 tax return Determine your adjusted basis in the property before the casualty or theft. How can i amend my 2010 tax return Determine the decrease in fair market value of the property as a result of the casualty or theft. How can i amend my 2010 tax return From the smaller of the amounts you determined in (1) and (2), subtract any insurance or other reimbursement you received or expect to receive. How can i amend my 2010 tax return For personal-use property and property used in performing services as an employee, apply the deduction limits, discussed later, to determine the amount of your deductible loss. How can i amend my 2010 tax return Gain from reimbursement. How can i amend my 2010 tax return   If your reimbursement is more than your adjusted basis in the property, you have a gain. How can i amend my 2010 tax return This is true even if the decrease in the FMV of the property is smaller than your adjusted basis. How can i amend my 2010 tax return If you have a gain, you may have to pay tax on it, or you may be able to postpone reporting the gain. How can i amend my 2010 tax return See Publication 547 for more information on how to treat a gain from a reimbursement for a casualty or theft. How can i amend my 2010 tax return Leased property. How can i amend my 2010 tax return   If you are liable for casualty damage to property you lease, your loss is the amount you must pay to repair the property minus any insurance or other reimbursement you receive or expect to receive. How can i amend my 2010 tax return Decrease in Fair Market Value Fair market value (FMV) is the price for which you could sell your property to a willing buyer when neither of you has to sell or buy and both of you know all the relevant facts. How can i amend my 2010 tax return The decrease in FMV used to figure the amount of a casualty or theft loss is the difference between the property's fair market value immediately before and immediately after the casualty or theft. How can i amend my 2010 tax return FMV of stolen property. How can i amend my 2010 tax return   The FMV of property immediately after a theft is considered to be zero, since you no longer have the property. How can i amend my 2010 tax return Example. How can i amend my 2010 tax return Several years ago, you purchased silver dollars at face value for $150. How can i amend my 2010 tax return This is your adjusted basis in the property. How can i amend my 2010 tax return Your silver dollars were stolen this year. How can i amend my 2010 tax return The FMV of the coins was $1,000 just before they were stolen, and insurance did not cover them. How can i amend my 2010 tax return Your theft loss is $150. How can i amend my 2010 tax return Recovered stolen property. How can i amend my 2010 tax return   Recovered stolen property is your property that was stolen and later returned to you. How can i amend my 2010 tax return If you recovered property after you had already taken a theft loss deduction, you must refigure your loss using the smaller of the property's adjusted basis (explained later) or the decrease in FMV from the time just before it was stolen until the time it was recovered. How can i amend my 2010 tax return Use this amount to refigure your total loss for the year in which the loss was deducted. How can i amend my 2010 tax return   If your refigured loss is less than the loss you deducted, you generally have to report the difference as income in the recovery year. How can i amend my 2010 tax return But report the difference only up to the amount of the loss that reduced your tax. How can i amend my 2010 tax return For more information on the amount to report, see Recoveries in chapter 12. How can i amend my 2010 tax return Figuring Decrease in FMV— Items To Consider To figure the decrease in FMV because of a casualty or theft, you generally need a competent appraisal. How can i amend my 2010 tax return However, other measures can also be used to establish certain decreases. How can i amend my 2010 tax return Appraisal. How can i amend my 2010 tax return   An appraisal to determine the difference between the FMV of the property immediately before a casualty or theft and immediately afterward should be made by a competent appraiser. How can i amend my 2010 tax return The appraiser must recognize the effects of any general market decline that may occur along with the casualty. How can i amend my 2010 tax return This information is needed to limit any deduction to the actual loss resulting from damage to the property. How can i amend my 2010 tax return   Several factors are important in evaluating the accuracy of an appraisal, including the following. How can i amend my 2010 tax return The appraiser's familiarity with your property before and after the casualty or theft. How can i amend my 2010 tax return The appraiser's knowledge of sales of comparable property in the area. How can i amend my 2010 tax return The appraiser's knowledge of conditions in the area of the casualty. How can i amend my 2010 tax return The appraiser's method of appraisal. How can i amend my 2010 tax return    You may be able to use an appraisal that you used to get a federal loan (or a federal loan guarantee) as the result of a federally declared disaster to establish the amount of your disaster loss. How can i amend my 2010 tax return For more information on disasters, see Disaster Area Losses, in Pub. How can i amend my 2010 tax return 547. How can i amend my 2010 tax return Cost of cleaning up or making repairs. How can i amend my 2010 tax return   The cost of repairing damaged property is not part of a casualty loss. How can i amend my 2010 tax return Neither is the cost of cleaning up after a casualty. How can i amend my 2010 tax return But you can use the cost of cleaning up or making repairs after a casualty as a measure of the decrease in FMV if you meet all the following conditions. How can i amend my 2010 tax return The repairs are actually made. How can i amend my 2010 tax return The repairs are necessary to bring the property back to its condition before the casualty. How can i amend my 2010 tax return The amount spent for repairs is not excessive. How can i amend my 2010 tax return The repairs take care of the damage only. How can i amend my 2010 tax return The value of the property after the repairs is not, due to the repairs, more than the value of the property before the casualty. How can i amend my 2010 tax return Landscaping. How can i amend my 2010 tax return   The cost of restoring landscaping to its original condition after a casualty may indicate the decrease in FMV. How can i amend my 2010 tax return You may be able to measure your loss by what you spend on the following. How can i amend my 2010 tax return Removing destroyed or damaged trees and shrubs minus any salvage you receive. How can i amend my 2010 tax return Pruning and other measures taken to preserve damaged trees and shrubs. How can i amend my 2010 tax return Replanting necessary to restore the property to its approximate value before the casualty. How can i amend my 2010 tax return Car value. How can i amend my 2010 tax return    Books issued by various automobile organizations that list your car may be useful in figuring the value of your car. How can i amend my 2010 tax return You can use the book's retail values and modify them by such factors as mileage and the condition of your car to figure its value. How can i amend my 2010 tax return The prices are not official, but they may be useful in determining value and suggesting relative prices for comparison with current sales and offerings in your area. How can i amend my 2010 tax return If your car is not listed in the books, determine its value from other sources. How can i amend my 2010 tax return A dealer's offer for your car as a trade-in on a new car is not usually a measure of its true value. How can i amend my 2010 tax return Figuring Decrease in FMV— Items Not To Consider You generally should not consider the following items when attempting to establish the decrease in FMV of your property. How can i amend my 2010 tax return Cost of protection. How can i amend my 2010 tax return   The cost of protecting your property against a casualty or theft is not part of a casualty or theft loss. How can i amend my 2010 tax return The amount you spend on insurance or to board up your house against a storm is not part of your loss. How can i amend my 2010 tax return   If you make permanent improvements to your property to protect it against a casualty or theft, add the cost of these improvements to your basis in the property. How can i amend my 2010 tax return An example would be the cost of a dike to prevent flooding. How can i amend my 2010 tax return Exception. How can i amend my 2010 tax return   You cannot increase your basis in the property by, or deduct as a business expense, any expenditures you made with respect to qualified disaster mitigation payments. How can i amend my 2010 tax return See Disaster Area Losses in Publication 547. How can i amend my 2010 tax return Incidental expenses. How can i amend my 2010 tax return   Any incidental expenses you have due to a casualty or theft, such as expenses for the treatment of personal injuries, for temporary housing, or for a rental car, are not part of your casualty or theft loss. How can i amend my 2010 tax return Replacement cost. How can i amend my 2010 tax return   The cost of replacing stolen or destroyed property is not part of a casualty or theft loss. How can i amend my 2010 tax return Sentimental value. How can i amend my 2010 tax return   Do not consider sentimental value when determining your loss. How can i amend my 2010 tax return If a family portrait, heirloom, or keepsake is damaged, destroyed, or stolen, you must base your loss on its FMV, as limited by your adjusted basis in the property. How can i amend my 2010 tax return Decline in market value of property in or near casualty area. How can i amend my 2010 tax return   A decrease in the value of your property because it is in or near an area that suffered a casualty, or that might again suffer a casualty, is not to be taken into consideration. How can i amend my 2010 tax return You have a loss only for actual casualty damage to your property. How can i amend my 2010 tax return However, if your home is in a federally declared disaster area, see Disaster Area Losses in Publication 547. How can i amend my 2010 tax return Costs of photographs and appraisals. How can i amend my 2010 tax return    Photographs taken after a casualty will be helpful in establishing the condition and value of the property after it was damaged. How can i amend my 2010 tax return Photographs showing the condition of the property after it was repaired, restored, or replaced may also be helpful. How can i amend my 2010 tax return    Appraisals are used to figure the decrease in FMV because of a casualty or theft. How can i amend my 2010 tax return See Appraisal , earlier, under Figuring Decrease in FMV — Items To Consider, for information about appraisals. How can i amend my 2010 tax return   The costs of photographs and appraisals used as evidence of the value and condition of property damaged as a result of a casualty are not a part of the loss. How can i amend my 2010 tax return You can claim these costs as a miscellaneous itemized deduction subject to the 2%-of-adjusted-gross-income limit on Schedule A (Form 1040). How can i amend my 2010 tax return For information about miscellaneous deductions, see chapter 28. How can i amend my 2010 tax return Adjusted Basis Adjusted basis is your basis in the property (usually cost) increased or decreased by various events, such as improvements and casualty losses. How can i amend my 2010 tax return For more information, see chapter 13. How can i amend my 2010 tax return Insurance and Other Reimbursements If you receive an insurance payment or other type of reimbursement, you must subtract the reimbursement when you figure your loss. How can i amend my 2010 tax return You do not have a casualty or theft loss to the extent you are reimbursed. How can i amend my 2010 tax return If you expect to be reimbursed for part or all of your loss, you must subtract the expected reimbursement when you figure your loss. How can i amend my 2010 tax return You must reduce your loss even if you do not receive payment until a later tax year. How can i amend my 2010 tax return See Reimbursement Received After Deducting Loss , later. How can i amend my 2010 tax return Failure to file a claim for reimbursement. How can i amend my 2010 tax return   If your property is covered by insurance, you must file a timely insurance claim for reimbursement of your loss. How can i amend my 2010 tax return Otherwise, you cannot deduct this loss as a casualty or theft loss. How can i amend my 2010 tax return However, this rule does not apply to the portion of the loss not covered by insurance (for example, a deductible). How can i amend my 2010 tax return Example. How can i amend my 2010 tax return You have a car insurance policy with a $1,000 deductible. How can i amend my 2010 tax return Because your insurance did not cover the first $1,000 of an auto collision, the $1,000 would be deductible (subject to the deduction limits discussed later). How can i amend my 2010 tax return This is true even if you do not file an insurance claim, because your insurance policy would never have reimbursed you for the deductible. How can i amend my 2010 tax return Types of Reimbursements The most common type of reimbursement is an insurance payment for your stolen or damaged property. How can i amend my 2010 tax return Other types of reimbursements are discussed next. How can i amend my 2010 tax return Also see the Instructions for Form 4684. How can i amend my 2010 tax return Employer's emergency disaster fund. How can i amend my 2010 tax return   If you receive money from your employer's emergency disaster fund and you must use that money to rehabilitate or replace property on which you are claiming a casualty loss deduction, you must take that money into consideration in computing the casualty loss deduction. How can i amend my 2010 tax return Take into consideration only the amount you used to replace your destroyed or damaged property. How can i amend my 2010 tax return Example. How can i amend my 2010 tax return Your home was extensively damaged by a tornado. How can i amend my 2010 tax return Your loss after reimbursement from your insurance company was $10,000. How can i amend my 2010 tax return Your employer set up a disaster relief fund for its employees. How can i amend my 2010 tax return Employees receiving money from the fund had to use it to rehabilitate or replace their damaged or destroyed property. How can i amend my 2010 tax return You received $4,000 from the fund and spent the entire amount on repairs to your home. How can i amend my 2010 tax return In figuring your casualty loss, you must reduce your unreimbursed loss ($10,000) by the $4,000 you received from your employer's fund. How can i amend my 2010 tax return Your casualty loss before applying the deduction limits discussed later is $6,000. How can i amend my 2010 tax return Cash gifts. How can i amend my 2010 tax return   If you receive excludable cash gifts as a disaster victim and there are no limits on how you can use the money, you do not reduce your casualty loss by these excludable cash gifts. How can i amend my 2010 tax return This applies even if you use the money to pay for repairs to property damaged in the disaster. How can i amend my 2010 tax return Example. How can i amend my 2010 tax return Your home was damaged by a hurricane. How can i amend my 2010 tax return Relatives and neighbors made cash gifts to you that were excludable from your income. How can i amend my 2010 tax return You used part of the cash gifts to pay for repairs to your home. How can i amend my 2010 tax return There were no limits or restrictions on how you could use the cash gifts. How can i amend my 2010 tax return Because it was an excludable gift, the money you received and used to pay for repairs to your home does not reduce your casualty loss on the damaged home. How can i amend my 2010 tax return Insurance payments for living expenses. How can i amend my 2010 tax return   You do not reduce your casualty loss by insurance payments you receive to cover living expenses in either of the following situations. How can i amend my 2010 tax return You lose the use of your main home because of a casualty. How can i amend my 2010 tax return Government authorities do not allow you access to your main home because of a casualty or threat of one. How can i amend my 2010 tax return Inclusion in income. How can i amend my 2010 tax return   If these insurance payments are more than the temporary increase in your living expenses, you must include the excess in your income. How can i amend my 2010 tax return Report this amount on Form 1040, line 21. How can i amend my 2010 tax return However, if the casualty occurs in a federally declared disaster area, none of the insurance payments are taxable. How can i amend my 2010 tax return See Qualified disaster relief payments, under Disaster Area Losses in Publication 547. How can i amend my 2010 tax return   A temporary increase in your living expenses is the difference between the actual living expenses you and your family incurred during the period you could not use your home and your normal living expenses for that period. How can i amend my 2010 tax return Actual living expenses are the reasonable and necessary expenses incurred because of the loss of your main home. How can i amend my 2010 tax return Generally, these expenses include the amounts you pay for the following. How can i amend my 2010 tax return Rent for suitable housing. How can i amend my 2010 tax return Transportation. How can i amend my 2010 tax return Food. How can i amend my 2010 tax return Utilities. How can i amend my 2010 tax return Miscellaneous services. How can i amend my 2010 tax return Normal living expenses consist of these same expenses that you would have incurred but did not because of the casualty or the threat of one. How can i amend my 2010 tax return Example. How can i amend my 2010 tax return As a result of a fire, you vacated your apartment for a month and moved to a motel. How can i amend my 2010 tax return You normally pay $525 a month for rent. How can i amend my 2010 tax return None was charged for the month the apartment was vacated. How can i amend my 2010 tax return Your motel rent for this month was $1,200. How can i amend my 2010 tax return You normally pay $200 a month for food. How can i amend my 2010 tax return Your food expenses for the month you lived in the motel were $400. How can i amend my 2010 tax return You received $1,100 from your insurance company to cover your living expenses. How can i amend my 2010 tax return You determine the payment you must include in income as follows. How can i amend my 2010 tax return 1) Insurance payment for living expenses $1,100 2) Actual expenses during the month you are unable to use your home because of fire 1,600   3) Normal living expenses 725   4) Temporary increase in living  expenses: Subtract line 3 from line 2 875 5) Amount of payment includible  in income: Subtract line 4  from line 1 $ 225 Tax year of inclusion. How can i amend my 2010 tax return   You include the taxable part of the insurance payment in income for the year you regain the use of your main home or, if later, for the year you receive the taxable part of the insurance payment. How can i amend my 2010 tax return Example. How can i amend my 2010 tax return Your main home was destroyed by a tornado in August 2011. How can i amend my 2010 tax return You regained use of your home in November 2012. How can i amend my 2010 tax return The insurance payments you received in 2011 and 2012 were $1,500 more than the temporary increase in your living expenses during those years. How can i amend my 2010 tax return You include this amount in income on your 2012 Form 1040. How can i amend my 2010 tax return If, in 2013, you receive further payments to cover the living expenses you had in 2011 and 2012, you must include those payments in income on your 2013 Form 1040. How can i amend my 2010 tax return Disaster relief. How can i amend my 2010 tax return   Food, medical supplies, and other forms of assistance you receive do not reduce your casualty loss unless they are replacements for lost or destroyed property. How can i amend my 2010 tax return Qualified disaster relief payments you receive for expenses you incurred as a result of a federally declared disaster are not taxable income to you. How can i amend my 2010 tax return For more information, see Disaster Area Losses in Publication 547. How can i amend my 2010 tax return Disaster unemployment assistance payments are unemployment benefits that are taxable. How can i amend my 2010 tax return Generally, disaster relief grants and qualified disaster mitigation payments made under the Robert T. How can i amend my 2010 tax return Stafford Disaster Relief and Emergency Assistance Act or the National Flood Insurance Act (as in effect on April 15, 2005) are not includible in your income. How can i amend my 2010 tax return See Disaster Area Losses in Publication 547. How can i amend my 2010 tax return Reimbursement Received After Deducting Loss If you figured your casualty or theft loss using your expected reimbursement, you may have to adjust your tax return for the tax year in which you receive your actual reimbursement. How can i amend my 2010 tax return This section explains the adjustment you may have to make. How can i amend my 2010 tax return Actual reimbursement less than expected. How can i amend my 2010 tax return   If you later receive less reimbursement than you expected, include that difference as a loss with your other losses (if any) on your return for the year in which you can reasonably expect no more reimbursement. How can i amend my 2010 tax return Example. How can i amend my 2010 tax return Your personal car had an FMV of $2,000 when it was destroyed in a collision with another car in 2012. How can i amend my 2010 tax return The accident was due to the negligence of the other driver. How can i amend my 2010 tax return At the end of 2012, there was a reasonable prospect that the owner of the other car would reimburse you in full. How can i amend my 2010 tax return You did not have a deductible loss in 2012. How can i amend my 2010 tax return In January 2013, the court awarded you a judgment of $2,000. How can i amend my 2010 tax return However, in July it became apparent that you will be unable to collect any amount from the other driver. How can i amend my 2010 tax return You can deduct the loss in 2013 subject to the limits discussed later. How can i amend my 2010 tax return Actual reimbursement more than expected. How can i amend my 2010 tax return   If you later receive more reimbursement than you expected after you claimed a deduction for the loss, you may have to include the extra reimbursement in your income for the year you receive it. How can i amend my 2010 tax return However, if any part of the original deduction did not reduce your tax for the earlier year, do not include that part of the reimbursement in your income. How can i amend my 2010 tax return You do not refigure your tax for the year you claimed the deduction. How can i amend my 2010 tax return For more information, see Recoveries in chapter 12. How can i amend my 2010 tax return If the total of all the reimbursements you receive is more than your adjusted basis in the destroyed or stolen property, you will have a gain on the casualty or theft. How can i amend my 2010 tax return If you have already taken a deduction for a loss and you receive the reimbursement in a later year, you may have to include the gain in your income for the later year. How can i amend my 2010 tax return Include the gain as ordinary income up to the amount of your deduction that reduced your tax for the earlier year. How can i amend my 2010 tax return See Figuring a Gain in Publication 547 for more information on how to treat a gain from the reimbursement of a casualty or theft. How can i amend my 2010 tax return Actual reimbursement same as expected. How can i amend my 2010 tax return   If you receive exactly the reimbursement you expected to receive, you do not have to include any of the reimbursement in your income and you cannot deduct any additional loss. How can i amend my 2010 tax return Example. How can i amend my 2010 tax return In December 2013, you had a collision while driving your personal car. How can i amend my 2010 tax return Repairs to the car cost $950. How can i amend my 2010 tax return You had $100 deductible collision insurance. How can i amend my 2010 tax return Your insurance company agreed to reimburse you for the rest of the damage. How can i amend my 2010 tax return Because you expected a reimbursement from the insurance company, you did not have a casualty loss deduction in 2013. How can i amend my 2010 tax return Due to the $100 rule (discussed later under Deduction Limits ), you cannot deduct the $100 you paid as the deductible. How can i amend my 2010 tax return When you receive the $850 from the insurance company in 2014, do not report it as income. How can i amend my 2010 tax return Single Casualty on Multiple Properties Personal property. How can i amend my 2010 tax return   Personal property is any property that is not real property. How can i amend my 2010 tax return If your personal property is stolen or is damaged or destroyed by a casualty, you must figure your loss separately for each item of property. How can i amend my 2010 tax return Then combine these separate losses to figure the total loss from that casualty or theft. How can i amend my 2010 tax return Example. How can i amend my 2010 tax return A fire in your home destroyed an upholstered chair, an oriental rug, and an antique table. How can i amend my 2010 tax return You did not have fire insurance to cover your loss. How can i amend my 2010 tax return (This was the only casualty or theft you had during the year. How can i amend my 2010 tax return ) You paid $750 for the chair and you established that it had an FMV of $500 just before the fire. How can i amend my 2010 tax return The rug cost $3,000 and had an FMV of $2,500 just before the fire. How can i amend my 2010 tax return You bought the table at an auction for $100 before discovering it was an antique. How can i amend my 2010 tax return It had been appraised at $900 before the fire. How can i amend my 2010 tax return You figure your loss on each of these items as follows:     Chair Rug Table 1) Basis (cost) $750 $3,000 $100 2) FMV before fire $500 $2,500 $900 3) FMV after fire –0– –0– –0– 4) Decrease in FMV $500 $2,500 $900 5) Loss (smaller of (1) or  (4)) $500 $2,500 $100           6) Total loss     $3,100 Real property. How can i amend my 2010 tax return   In figuring a casualty loss on personal-use real property, treat the entire property (including any improvements, such as buildings, trees, and shrubs) as one item. How can i amend my 2010 tax return Figure the loss using the smaller of the adjusted basis or the decrease in FMV of the entire property. How can i amend my 2010 tax return Example. How can i amend my 2010 tax return You bought your home a few years ago. How can i amend my 2010 tax return You paid $160,000 ($20,000 for the land and $140,000 for the house). How can i amend my 2010 tax return You also spent $2,000 for landscaping. How can i amend my 2010 tax return This year a fire destroyed your home. How can i amend my 2010 tax return The fire also damaged the shrubbery and trees in your yard. How can i amend my 2010 tax return The fire was your only casualty or theft loss this year. How can i amend my 2010 tax return Competent appraisers valued the property as a whole at $200,000 before the fire, but only $30,000 after the fire. How can i amend my 2010 tax return (The loss to your household furnishings is not shown in this example. How can i amend my 2010 tax return It would be figured separately on each item, as explained earlier under Personal property . How can i amend my 2010 tax return ) Shortly after the fire, the insurance company paid you $155,000 for the loss. How can i amend my 2010 tax return You figure your casualty loss as follows: 1) Adjusted basis of the entire property (land, building, and landscaping) $162,000 2) FMV of entire property before fire $200,000 3) FMV of entire property after fire 30,000 4) Decrease in FMV of entire  property $170,000 5) Loss (smaller of (1) or (4)) $162,000 6) Subtract insurance 155,000 7) Amount of loss after reimbursement $7,000 Deduction Limits After you have figured your casualty or theft loss, you must figure how much of the loss you can deduct. How can i amend my 2010 tax return If the loss was to property for your personal use or your family's use, there are two limits on the amount you can deduct for your casualty or theft loss. How can i amend my 2010 tax return You must reduce each casualty or theft loss by $100 ($100 rule). How can i amend my 2010 tax return You must further reduce the total of all your casualty or theft losses by 10% of your adjusted gross income (10% rule). How can i amend my 2010 tax return You make these reductions on Form 4684. How can i amend my 2010 tax return These rules are explained next and Table 25-1 summarizes how to apply the $100 rule and the 10% rule in various situations. How can i amend my 2010 tax return For more detailed explanations and examples, see Publication 547. How can i amend my 2010 tax return Table 25-1. How can i amend my 2010 tax return How To Apply the Deduction Limits for Personal-Use Property   $100 Rule 10% Rule General Application You must reduce each casualty or theft loss by $100 when figuring your deduction. How can i amend my 2010 tax return Apply this rule after you have figured the amount of your loss. How can i amend my 2010 tax return You must reduce your total casualty or theft loss by 10% of your adjusted gross income. How can i amend my 2010 tax return Apply this rule after you reduce each loss by $100 (the $100 rule). How can i amend my 2010 tax return Single Event Apply this rule only once, even if many pieces of property are affected. How can i amend my 2010 tax return Apply this rule only once, even if many pieces of property are affected. How can i amend my 2010 tax return More Than One Event Apply to the loss from each event. How can i amend my 2010 tax return Apply to the total of all your losses from all events. How can i amend my 2010 tax return More Than One Person— With Loss From the Same Event (other than a married couple filing jointly) Apply separately to each person. How can i amend my 2010 tax return Apply separately to each person. How can i amend my 2010 tax return Married Couple—With Loss From the Same Event Filing Jointly Apply as if you were one person. How can i amend my 2010 tax return Apply as if you were one person. How can i amend my 2010 tax return Filing Separately Apply separately to each spouse. How can i amend my 2010 tax return Apply separately to each spouse. How can i amend my 2010 tax return More Than One Owner (other than a married couple filing jointly) Apply separately to each owner of jointly owned property. How can i amend my 2010 tax return Apply separately to each owner of jointly owned property. How can i amend my 2010 tax return Property used partly for business and partly for personal purposes. How can i amend my 2010 tax return   When property is used partly for personal purposes and partly for business or income-producing purposes, the casualty or theft loss deduction must be figured separately for the personal-use part and for the business or income-producing part. How can i amend my 2010 tax return You must figure each loss separately because the $100 rule and the 10% rule apply only to the loss on the personal-use part of the property. How can i amend my 2010 tax return $100 Rule After you have figured your casualty or theft loss on personal-use property, you must reduce that loss by $100. How can i amend my 2010 tax return This reduction applies to each total casualty or theft loss. How can i amend my 2010 tax return It does not matter how many pieces of property are involved in an event. How can i amend my 2010 tax return Only a single $100 reduction applies. How can i amend my 2010 tax return Example. How can i amend my 2010 tax return A hailstorm damages your home and your car. How can i amend my 2010 tax return Determine the amount of loss, as discussed earlier, for each of these items. How can i amend my 2010 tax return Since the losses are due to a single event, you combine the losses and reduce the combined amount by $100. How can i amend my 2010 tax return Single event. How can i amend my 2010 tax return   Generally, events closely related in origin cause a single casualty. How can i amend my 2010 tax return It is a single casualty when the damage is from two or more closely related causes, such as wind and flood damage caused by the same storm. How can i amend my 2010 tax return 10% Rule You must reduce the total of all your casualty or theft losses on personal-use property by 10% of your adjusted gross income. How can i amend my 2010 tax return Apply this rule after you reduce each loss by $100. How can i amend my 2010 tax return For more information, see the Form 4684 instructions. How can i amend my 2010 tax return If you have both gains and losses from casualties or thefts, see Gains and losses , later in this discussion. How can i amend my 2010 tax return Example 1. How can i amend my 2010 tax return In June, you discovered that your house had been burglarized. How can i amend my 2010 tax return Your loss after insurance reimbursement was $2,000. How can i amend my 2010 tax return Your adjusted gross income for the year you discovered the theft is $29,500. How can i amend my 2010 tax return You first apply the $100 rule and then the 10% rule. How can i amend my 2010 tax return Figure your theft loss deduction as follows. How can i amend my 2010 tax return 1) Loss after insurance $2,000 2) Subtract $100 100 3) Loss after $100 rule $1,900 4) Subtract 10% × $29,500 AGI 2,950 5) Theft loss deduction –0– You do not have a theft loss deduction because your loss after you apply the $100 rule ($1,900) is less than 10% of your adjusted gross income ($2,950). How can i amend my 2010 tax return Example 2. How can i amend my 2010 tax return In March, you had a car accident that totally destroyed your car. How can i amend my 2010 tax return You did not have collision insurance on your car, so you did not receive any insurance reimbursement. How can i amend my 2010 tax return Your loss on the car was $1,800. How can i amend my 2010 tax return In November, a fire damaged your basement and totally destroyed the furniture, washer, dryer, and other items stored there. How can i amend my 2010 tax return Your loss on the basement items after reimbursement was $2,100. How can i amend my 2010 tax return Your adjusted gross income for the year that the accident and fire occurred is $25,000. How can i amend my 2010 tax return You figure your casualty loss deduction as follows. How can i amend my 2010 tax return       Base-     Car ment 1) Loss $1,800 $2,100 2) Subtract $100 per incident 100 100 3) Loss after $100 rule $1,700 $2,000 4) Total loss $3,700 5) Subtract 10% × $25,000 AGI 2,500 6) Casualty loss deduction $1,200 Gains and losses. How can i amend my 2010 tax return   If you had both gains and losses from casualties or thefts to personal-use property, you must compare your total gains to your total losses. How can i amend my 2010 tax return Do this after you have reduced each loss by any reimbursements and by $100, but before you have reduced the losses by 10% of your adjusted gross income. How can i amend my 2010 tax return Casualty or theft gains do not include gains you choose to postpone. How can i amend my 2010 tax return See Publication 547 for information on the postponement of gain. How can i amend my 2010 tax return Losses more than gains. How can i amend my 2010 tax return   If your losses are more than your recognized gains, subtract your gains from your losses and reduce the result by 10% of your adjusted gross income. How can i amend my 2010 tax return The rest, if any, is your deductible loss from personal-use property. How can i amend my 2010 tax return Gains more than losses. How can i amend my 2010 tax return   If your recognized gains are more than your losses, subtract your losses from your gains. How can i amend my 2010 tax return The difference is treated as capital gain and must be reported on Schedule D (Form 1040). How can i amend my 2010 tax return The 10% rule does not apply to your gains. How can i amend my 2010 tax return When To Report Gains and Losses Gains. How can i amend my 2010 tax return   If you receive an insurance or other reimbursement that is more than your adjusted basis in the destroyed or stolen property, you have a gain from the casualty or theft. How can i amend my 2010 tax return You must include this gain in your income in the year you receive the reimbursement, unless you choose to postpone reporting the gain as explained in Publication 547. How can i amend my 2010 tax return If you have a loss, see Table 25-2 . How can i amend my 2010 tax return Table 25-2. How can i amend my 2010 tax return When To Deduct a Loss IF you have a loss. How can i amend my 2010 tax return . How can i amend my 2010 tax return . How can i amend my 2010 tax return THEN deduct it in the year. How can i amend my 2010 tax return . How can i amend my 2010 tax return . How can i amend my 2010 tax return from a casualty, the loss occurred. How can i amend my 2010 tax return in a federally declared disaster area, the disaster occurred or the year immediately before the disaster. How can i amend my 2010 tax return from a theft, the theft was discovered. How can i amend my 2010 tax return on a deposit treated as a:   • casualty or any ordinary loss, a reasonable estimate can be made. How can i amend my 2010 tax return • bad debt, deposits are totally worthless. How can i amend my 2010 tax return Losses. How can i amend my 2010 tax return   Generally, you can deduct a casualty loss that is not reimbursable only in the tax year in which the casualty occurred. How can i amend my 2010 tax return This is true even if you do not repair or replace the damaged property until a later year. How can i amend my 2010 tax return   You can deduct theft losses that are not reimbursable only in the year you discover your property was stolen. How can i amend my 2010 tax return   If you are not sure whether part of your casualty or theft loss will be reimbursed, do not deduct that part until the tax year when you become reasonably certain that it will not be reimbursed. How can i amend my 2010 tax return Loss on deposits. How can i amend my 2010 tax return   If your loss is a loss on deposits in an insolvent or bankrupt financial institution, see Loss on Deposits , earlier. How can i amend my 2010 tax return Disaster Area Loss You generally must deduct a casualty loss in the year it occurred. How can i amend my 2010 tax return However, if you have a casualty loss from a federally declared disaster that occurred in an area warranting public or individual assistance (or both), you can choose to deduct the loss on your tax return or amended return for either of the following years. How can i amend my 2010 tax return The year the disaster occurred. How can i amend my 2010 tax return The year immediately preceding the year the disaster occurred. How can i amend my 2010 tax return Gains. How can i amend my 2010 tax return    Special rules apply if you choose to postpone reporting gain on property damaged or destroyed in a federally declared disaster area. How can i amend my 2010 tax return For those special rules, see Publication 547. How can i amend my 2010 tax return Postponed tax deadlines. How can i amend my 2010 tax return   The IRS may postpone for up to 1 year certain tax deadlines of taxpayers who are affected by a federally declared disaster. How can i amend my 2010 tax return The tax deadlines the IRS may postpone include those for filing income and employment tax returns, paying income and employment taxes, and making contributions to a traditional IRA or Roth IRA. How can i amend my 2010 tax return   If any tax deadline is postponed, the IRS will publicize the postponement in your area by publishing a news release, revenue ruling, revenue procedure, notice, announcement, or other guidance in the Internal Revenue Bulletin (IRB). How can i amend my 2010 tax return Go to www. How can i amend my 2010 tax return irs. How can i amend my 2010 tax return gov/uac/Tax-Relief-in-Disaster-Situations to find out if a tax deadline has been postponed for your area. How can i amend my 2010 tax return Who is eligible. How can i amend my 2010 tax return   If the IRS postpones a tax deadline, the following taxpayers are eligible for the postponement. How can i amend my 2010 tax return Any individual whose main home is located in a covered disaster area (defined next). How can i amend my 2010 tax return Any business entity or sole proprietor whose principal place of business is located in a covered disaster area. How can i amend my 2010 tax return Any individual who is a relief worker affiliated with a recognized government or philanthropic organization who is assisting in a covered disaster area. How can i amend my 2010 tax return Any individual, business entity, or sole proprietorship whose records are needed to meet a postponed tax deadline, provided those records are maintained in a covered disaster area. How can i amend my 2010 tax return The main home or principal place of business does not have to be located in the covered disaster area. How can i amend my 2010 tax return Any estate or trust that has tax records necessary to meet a postponed tax deadline, provided those records are maintained in a covered disaster area. How can i amend my 2010 tax return The spouse on a joint return with a taxpayer who is eligible for postponements. How can i amend my 2010 tax return Any individual, business entity, or sole proprietorship not located in a covered disaster area, but whose records necessary to meet a postponed tax deadline are located in the covered disaster area. How can i amend my 2010 tax return Any individual visiting the covered disaster area who was killed or injured as a result of the disaster. How can i amend my 2010 tax return Any other person determined by the IRS to be affected by a federally declared disaster. How can i amend my 2010 tax return Covered disaster area. How can i amend my 2010 tax return   This is an area of a federally declared disaster in which the IRS has decided to postpone tax deadlines for up to 1 year. How can i amend my 2010 tax return Abatement of interest and penalties. How can i amend my 2010 tax return   The IRS may abate the interest and penalties on underpaid income tax for the length of any postponement of tax deadlines. How can i amend my 2010 tax return More information. How can i amend my 2010 tax return   For more information, see Disaster Area Losses in Publication 547. How can i amend my 2010 tax return How To Report Gains and Losses Use Form 4684 to report a gain or a deductible loss from a casualty or theft. How can i amend my 2010 tax return If you have more than one casualty or theft, use a separate Form 4684 to determine your gain or loss for each event. How can i amend my 2010 tax return Combine the gains and losses on one Form 4684. How can i amend my 2010 tax return Follow the form instructions as to which lines to fill out. How can i amend my 2010 tax return In addition, you must use the appropriate schedule to report a gain or loss. How can i amend my 2010 tax return The schedule you use depends on whether you have a gain or loss. How can i amend my 2010 tax return If you have a: Report it on: Gain Schedule D (Form 1040) Loss Schedule A (Form 1040) Adjustments to basis. How can i amend my 2010 tax return   If you have a casualty or theft loss, you must decrease your basis in the property by any insurance or other reimbursement you receive, and by any deductible loss. How can i amend my 2010 tax return Amounts you spend to restore your property after a casualty increase your adjusted basis. How can i amend my 2010 tax return See Adjusted Basis in chapter 13 for more information. How can i amend my 2010 tax return Net operating loss (NOL). How can i amend my 2010 tax return    If your casualty or theft loss deduction causes your deductions for the year to be more than your income for the year, you may have an NOL. How can i amend my 2010 tax return You can use an NOL to lower your tax in an earlier year, allowing you to get a refund for tax you have already paid. How can i amend my 2010 tax return Or, you can use it to lower your tax in a later year. How can i amend my 2010 tax return You do not have to be in business to have an NOL from a casualty or theft loss. How can i amend my 2010 tax return For more information, see Publication 536, Net Operating Losses (NOLs) for Individuals, Estates, and Trusts. How can i amend my 2010 tax return Prev  Up  Next   Home   More Online Publications
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Letter 549C Frequently Asked Questions

Why are you receiving this letter?

To inform you that the type of tax and tax year listed in the letter has been paid.

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If you owe on another type of tax and tax year(s), you must continue to make your payments.

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Page Last Reviewed or Updated: 30-Jan-2014

The How Can I Amend My 2010 Tax Return

How can i amend my 2010 tax return Publication 526 - Main Content Table of Contents Organizations That Qualify To Receive Deductible ContributionsTypes of Qualified Organizations Contributions You Can DeductContributions From Which You Benefit Expenses Paid for Student Living With You Out-of-Pocket Expenses in Giving Services Expenses of Whaling Captains Contributions You Cannot DeductContributions to Individuals Contributions to Nonqualified Organizations Contributions From Which You Benefit Value of Time or Services Personal Expenses Appraisal Fees Contributions to Donor-Advised Funds Partial Interest in Property Contributions of PropertyContributions Subject to Special Rules Determining Fair Market Value Giving Property That Has Decreased in Value Giving Property That Has Increased in Value Penalty When To DeductChecks. How can i amend my 2010 tax return Text message. How can i amend my 2010 tax return Credit card. How can i amend my 2010 tax return Pay-by-phone account. How can i amend my 2010 tax return Stock certificate. How can i amend my 2010 tax return Promissory note. How can i amend my 2010 tax return Option. How can i amend my 2010 tax return Borrowed funds. How can i amend my 2010 tax return Conditional gift. How can i amend my 2010 tax return Limits on Deductions50% Limit 30% Limit Special 30% Limit for Capital Gain Property 20% Limit Special 50% Limit for Qualified Conservation Contributions How To Figure Your Deduction When Limits Apply Records To KeepCash Contributions Noncash Contributions Out-of-Pocket Expenses How To ReportReporting expenses for student living with you. How can i amend my 2010 tax return Total deduction over $500. How can i amend my 2010 tax return Deduction over $5,000 for one item. How can i amend my 2010 tax return Vehicle donations. How can i amend my 2010 tax return Clothing and household items not in good used condition. How can i amend my 2010 tax return Easement on building in historic district. How can i amend my 2010 tax return Deduction over $500,000. How can i amend my 2010 tax return How To Get Tax HelpLow Income Taxpayer Clinics Organizations That Qualify To Receive Deductible Contributions You can deduct your contributions only if you make them to a qualified organization. How can i amend my 2010 tax return Most organizations, other than churches and governments, must apply to the IRS to become a qualified organization. How can i amend my 2010 tax return How to check whether an organization can receive deductible charitable contributions. How can i amend my 2010 tax return   You can ask any organization whether it is a qualified organization, and most will be able to tell you. How can i amend my 2010 tax return Or go to IRS. How can i amend my 2010 tax return gov. How can i amend my 2010 tax return Click on “Tools” and then on “Exempt Organizations Select Check” (www. How can i amend my 2010 tax return irs. How can i amend my 2010 tax return gov/Charities-&-Non-Profits/Exempt-Organizations-Select-Check). How can i amend my 2010 tax return This online tool will enable you to search for qualified organizations. How can i amend my 2010 tax return You can also call the IRS to find out if an organization is qualified. How can i amend my 2010 tax return Call 1-877-829-5500. How can i amend my 2010 tax return People who are deaf, hard of hearing, or have a speech disability and who have access to TTY/TDD equipment can call 1-800-829-4059. How can i amend my 2010 tax return Deaf or hard of hearing individuals can also contact the IRS through relay services such as the Federal Relay Service at www. How can i amend my 2010 tax return gsa. How can i amend my 2010 tax return gov/fedrelay. How can i amend my 2010 tax return Types of Qualified Organizations Generally, only the following types of organizations can be qualified organizations. How can i amend my 2010 tax return A community chest, corporation, trust, fund, or foundation organized or created in or under the laws of the United States, any state, the District of Columbia, or any possession of the United States (including Puerto Rico). How can i amend my 2010 tax return It must, however, be organized and operated only for charitable, religious, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. How can i amend my 2010 tax return Certain organizations that foster national or international amateur sports competition also qualify. How can i amend my 2010 tax return War veterans' organizations, including posts, auxiliaries, trusts, or foundations, organized in the United States or any of its possessions (including Puerto Rico). How can i amend my 2010 tax return Domestic fraternal societies, orders, and associations operating under the lodge system. How can i amend my 2010 tax return (Your contribution to this type of organization is deductible only if it is to be used solely for charitable, religious, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. How can i amend my 2010 tax return ) Certain nonprofit cemetery companies or corporations. How can i amend my 2010 tax return (Your contribution to this type of organization is not deductible if it can be used for the care of a specific lot or mausoleum crypt. How can i amend my 2010 tax return ) The United States or any state, the District of Columbia, a U. How can i amend my 2010 tax return S. How can i amend my 2010 tax return possession (including Puerto Rico), a political subdivision of a state or U. How can i amend my 2010 tax return S. How can i amend my 2010 tax return possession, or an Indian tribal government or any of its subdivisions that perform substantial government functions. How can i amend my 2010 tax return (Your contribution to this type of organization is deductible only if it is to be used solely for public purposes. How can i amend my 2010 tax return ) Example 1. How can i amend my 2010 tax return You contribute cash to your city's police department to be used as a reward for information about a crime. How can i amend my 2010 tax return The city police department is a qualified organization, and your contribution is for a public purpose. How can i amend my 2010 tax return You can deduct your contribution. How can i amend my 2010 tax return Example 2. How can i amend my 2010 tax return You make a voluntary contribution to the social security trust fund, not earmarked for a specific account. How can i amend my 2010 tax return Because the trust fund is part of the U. How can i amend my 2010 tax return S. How can i amend my 2010 tax return Government, you contributed to a qualified organization. How can i amend my 2010 tax return You can deduct your contribution. How can i amend my 2010 tax return Examples. How can i amend my 2010 tax return   The following list gives some examples of qualified organizations. How can i amend my 2010 tax return Churches, a convention or association of churches, temples, synagogues, mosques, and other religious organizations. How can i amend my 2010 tax return Most nonprofit charitable organizations such as the American Red Cross and the United Way. How can i amend my 2010 tax return Most nonprofit educational organizations, including the Boy Scouts of America, Girl Scouts of America, colleges, and museums. How can i amend my 2010 tax return This also includes nonprofit daycare centers that provide childcare to the general public if substantially all the childcare is provided to enable parents and guardians to be gainfully employed. How can i amend my 2010 tax return However, if your contribution is a substitute for tuition or other enrollment fee, it is not deductible as a charitable contribution, as explained later under Contributions You Cannot Deduct . How can i amend my 2010 tax return Nonprofit hospitals and medical research organizations. How can i amend my 2010 tax return Utility company emergency energy programs, if the utility company is an agent for a charitable organization that assists individuals with emergency energy needs. How can i amend my 2010 tax return Nonprofit volunteer fire companies. How can i amend my 2010 tax return Nonprofit organizations that develop and maintain public parks and recreation facilities. How can i amend my 2010 tax return Civil defense organizations. How can i amend my 2010 tax return Canadian charities. How can i amend my 2010 tax return   You may be able to deduct contributions to certain Canadian charitable organizations covered under an income tax treaty with Canada. How can i amend my 2010 tax return To deduct your contribution to a Canadian charity, you generally must have income from sources in Canada. How can i amend my 2010 tax return See Publication 597, Information on the United States-Canada Income Tax Treaty, for information on how to figure your deduction. How can i amend my 2010 tax return Mexican charities. How can i amend my 2010 tax return   Under the U. How can i amend my 2010 tax return S. How can i amend my 2010 tax return -Mexico income tax treaty, a contribution to a Mexican charitable organization may be deductible, but only if and to the extent the contribution would have been treated as a charitable contribution to a public charity created or organized under U. How can i amend my 2010 tax return S. How can i amend my 2010 tax return law. How can i amend my 2010 tax return To deduct your contribution to a Mexican charity, you must have income from sources in Mexico. How can i amend my 2010 tax return The limits described in Limits on Deductions , later, apply and are figured using your income from Mexican sources. How can i amend my 2010 tax return Israeli charities. How can i amend my 2010 tax return   Under the U. How can i amend my 2010 tax return S. How can i amend my 2010 tax return -Israel income tax treaty, a contribution to an Israeli charitable organization is deductible if and to the extent the contribution would have been treated as a charitable contribution if the organization had been created or organized under U. How can i amend my 2010 tax return S. How can i amend my 2010 tax return law. How can i amend my 2010 tax return To deduct your contribution to an Israeli charity, you must have income from sources in Israel. How can i amend my 2010 tax return The limits described in Limits on Deductions , later, apply. How can i amend my 2010 tax return The deduction is also limited to 25% of your adjusted gross income from Israeli sources. How can i amend my 2010 tax return Contributions You Can Deduct Generally, you can deduct contributions of money or property you make to, or for the use of, a qualified organization. How can i amend my 2010 tax return A contribution is “for the use of” a qualified organization when it is held in a legally enforceable trust for the qualified organization or in a similar legal arrangement. How can i amend my 2010 tax return The contributions must be made to a qualified organization and not set aside for use by a specific person. How can i amend my 2010 tax return If you give property to a qualified organization, you generally can deduct the fair market value of the property at the time of the contribution. How can i amend my 2010 tax return See Contributions of Property , later. How can i amend my 2010 tax return Your deduction for charitable contributions generally cannot be more than 50% of your adjusted gross income (AGI), but in some cases 20% and 30% limits may apply. How can i amend my 2010 tax return In addition, the total of your charitable contributions deduction and certain other itemized deductions may be limited. How can i amend my 2010 tax return See Limits on Deductions , later. How can i amend my 2010 tax return Table 1 in this publication gives examples of contributions you can and cannot deduct. How can i amend my 2010 tax return Contributions From Which You Benefit If you receive a benefit as a result of making a contribution to a qualified organization, you can deduct only the amount of your contribution that is more than the value of the benefit you receive. How can i amend my 2010 tax return Also see Contributions From Which You Benefit under Contributions You Cannot Deduct, later. How can i amend my 2010 tax return If you pay more than fair market value to a qualified organization for goods or services, the excess may be a charitable contribution. How can i amend my 2010 tax return For the excess amount to qualify, you must pay it with the intent to make a charitable contribution. How can i amend my 2010 tax return Example 1. How can i amend my 2010 tax return You pay $65 for a ticket to a dinner-dance at a church. How can i amend my 2010 tax return Your entire $65 payment goes to the church. How can i amend my 2010 tax return The ticket to the dinner-dance has a fair market value of $25. How can i amend my 2010 tax return When you buy your ticket, you know its value is less than your payment. How can i amend my 2010 tax return To figure the amount of your charitable contribution, subtract the value of the benefit you receive ($25) from your total payment ($65). How can i amend my 2010 tax return You can deduct $40 as a charitable contribution to the church. How can i amend my 2010 tax return Example 2. How can i amend my 2010 tax return At a fundraising auction conducted by a charity, you pay $600 for a week's stay at a beach house. How can i amend my 2010 tax return The amount you pay is no more than the fair rental value. How can i amend my 2010 tax return You have not made a deductible charitable contribution. How can i amend my 2010 tax return Athletic events. How can i amend my 2010 tax return   If you make a payment to, or for the benefit of, a college or university and, as a result, you receive the right to buy tickets to an athletic event in the athletic stadium of the college or university, you can deduct 80% of the payment as a charitable contribution. How can i amend my 2010 tax return   If any part of your payment is for tickets (rather than the right to buy tickets), that part is not deductible. How can i amend my 2010 tax return Subtract the price of the tickets from your payment. How can i amend my 2010 tax return You can deduct 80% of the remaining amount as a charitable contribution. How can i amend my 2010 tax return Example 1. How can i amend my 2010 tax return You pay $300 a year for membership in a university's athletic scholarship program. How can i amend my 2010 tax return The only benefit of membership is that you have the right to buy one season ticket for a seat in a designated area of the stadium at the university's home football games. How can i amend my 2010 tax return You can deduct $240 (80% of $300) as a charitable contribution. How can i amend my 2010 tax return Example 2. How can i amend my 2010 tax return The facts are the same as in Example 1 except your $300 payment includes the purchase of one season ticket for the stated ticket price of $120. How can i amend my 2010 tax return You must subtract the usual price of a ticket ($120) from your $300 payment. How can i amend my 2010 tax return The result is $180. How can i amend my 2010 tax return Your deductible charitable contribution is $144 (80% of $180). How can i amend my 2010 tax return Charity benefit events. How can i amend my 2010 tax return   If you pay a qualified organization more than fair market value for the right to attend a charity ball, banquet, show, sporting event, or other benefit event, you can deduct only the amount that is more than the value of the privileges or other benefits you receive. How can i amend my 2010 tax return   If there is an established charge for the event, that charge is the value of your benefit. How can i amend my 2010 tax return If there is no established charge, the reasonable value of the right to attend the event is the value of your benefit. How can i amend my 2010 tax return Whether you use the tickets or other privileges has no effect on the amount you can deduct. How can i amend my 2010 tax return However, if you return the ticket to the qualified organization for resale, you can deduct the entire amount you paid for the ticket. How can i amend my 2010 tax return    Even if the ticket or other evidence of payment indicates that the payment is a “contribution,” this does not mean you can deduct the entire amount. How can i amend my 2010 tax return If the ticket shows the price of admission and the amount of the contribution, you can deduct the contribution amount. How can i amend my 2010 tax return Example. How can i amend my 2010 tax return You pay $40 to see a special showing of a movie for the benefit of a qualified organization. How can i amend my 2010 tax return Printed on the ticket is “Contribution–$40. How can i amend my 2010 tax return ” If the regular price for the movie is $8, your contribution is $32 ($40 payment − $8 regular price). How can i amend my 2010 tax return Membership fees or dues. How can i amend my 2010 tax return   You may be able to deduct membership fees or dues you pay to a qualified organization. How can i amend my 2010 tax return However, you can deduct only the amount that is more than the value of the benefits you receive. How can i amend my 2010 tax return   You cannot deduct dues, fees, or assessments paid to country clubs and other social organizations. How can i amend my 2010 tax return They are not qualified organizations. How can i amend my 2010 tax return Certain membership benefits can be disregarded. How can i amend my 2010 tax return   Both you and the organization can disregard the following membership benefits if you get them in return for an annual payment of $75 or less. How can i amend my 2010 tax return Any rights or privileges, other than those discussed under Athletic events , earlier, that you can use frequently while you are a member, such as: Free or discounted admission to the organization's facilities or events, Free or discounted parking, Preferred access to goods or services, and Discounts on the purchase of goods and services. How can i amend my 2010 tax return Admission, while you are a member, to events open only to members of the organization if the organization reasonably projects that the cost per person (excluding any allocated overhead) is not more than $10. How can i amend my 2010 tax return 20. How can i amend my 2010 tax return Token items. How can i amend my 2010 tax return   You do not have to reduce your contribution by the value of any benefit you receive if both of the following are true. How can i amend my 2010 tax return You receive only a small item or other benefit of token value. How can i amend my 2010 tax return The qualified organization correctly determines that the value of the item or benefit you received is not substantial and informs you that you can deduct your payment in full. How can i amend my 2010 tax return The organization determines whether the value of an item or benefit is substantial by using Revenue Procedures 90-12 and 92-49 and the inflation adjustment in Revenue Procedure 2012–41. How can i amend my 2010 tax return Written statement. How can i amend my 2010 tax return   A qualified organization must give you a written statement if you make a payment of more than $75 that is partly a contribution and partly for goods or services. How can i amend my 2010 tax return The statement must say you can deduct only the amount of your payment that is more than the value of the goods or services you received. How can i amend my 2010 tax return It must also give you a good faith estimate of the value of those goods or services. How can i amend my 2010 tax return   The organization can give you the statement either when it solicits or when it receives the payment from you. How can i amend my 2010 tax return Exception. How can i amend my 2010 tax return   An organization will not have to give you this statement if one of the following is true. How can i amend my 2010 tax return The organization is: A governmental organization described in (5) under Types of Qualified Organizations , earlier, or An organization formed only for religious purposes, and the only benefit you receive is an intangible religious benefit (such as admission to a religious ceremony) that generally is not sold in commercial transactions outside the donative context. How can i amend my 2010 tax return You receive only items whose value is not substantial as described under Token items , earlier. How can i amend my 2010 tax return You receive only membership benefits that can be disregarded, as described under Membership fees or dues , earlier. How can i amend my 2010 tax return Expenses Paid for Student Living With You You may be able to deduct some expenses of having a student live with you. How can i amend my 2010 tax return You can deduct qualifying expenses for a foreign or American student who: Lives in your home under a written agreement between you and a qualified organization (defined later) as part of a program of the organization to provide educational opportunities for the student, Is not your relative (defined later) or dependent (also defined later), and Is a full-time student in the twelfth or any lower grade at a school in the United States. How can i amend my 2010 tax return You can deduct up to $50 a month for each full calendar month the student lives with you. How can i amend my 2010 tax return Any month when conditions (1) through (3) above are met for 15 or more days counts as a full month. How can i amend my 2010 tax return Qualified organization. How can i amend my 2010 tax return   For these purposes, a qualified organization can be any of the organizations described earlier under Types of Qualified Organizations , except those in (4) and (5). How can i amend my 2010 tax return For example, if you are providing a home for a student as part of a state or local government program, you cannot deduct your expenses as charitable contributions. How can i amend my 2010 tax return But see Foster parents under Out-of-Pocket Expenses in Giving Services, later, if you provide the home as a foster parent. How can i amend my 2010 tax return Relative. How can i amend my 2010 tax return   The term “relative” means any of the following persons. How can i amend my 2010 tax return Your child, stepchild, foster child, or a descendant of any of them (for example, your grandchild). How can i amend my 2010 tax return A legally adopted child is considered your child. How can i amend my 2010 tax return Your brother, sister, half brother, half sister, stepbrother, or stepsister. How can i amend my 2010 tax return Your father, mother, grandparent, or other direct ancestor. How can i amend my 2010 tax return Your stepfather or stepmother. How can i amend my 2010 tax return A son or daughter of your brother or sister. How can i amend my 2010 tax return A brother or sister of your father or mother. How can i amend my 2010 tax return Your son-in-law, daughter-in-law, father-in-law, mother-in-law, brother-in-law, or sister-in-law. How can i amend my 2010 tax return Dependent. How can i amend my 2010 tax return   For this purpose, the term “dependent” means: A person you can claim as a dependent, or A person you could have claimed as a dependent except that: He or she received gross income of $3,900 or more, He or she filed a joint return, or You, or your spouse if filing jointly, could be claimed as a dependent on someone else's 2013 return. How can i amend my 2010 tax return    Foreign students brought to this country under a qualified international education exchange program and placed in American homes for a temporary period generally are not U. How can i amend my 2010 tax return S. How can i amend my 2010 tax return residents and cannot be claimed as dependents. How can i amend my 2010 tax return Qualifying expenses. How can i amend my 2010 tax return   You may be able to deduct the cost of books, tuition, food, clothing, transportation, medical and dental care, entertainment, and other amounts you actually spend for the well-being of the student. How can i amend my 2010 tax return Expenses that do not qualify. How can i amend my 2010 tax return   You cannot deduct depreciation on your home, the fair market value of lodging, and similar items not considered amounts actually spent by you. How can i amend my 2010 tax return Nor can you deduct general household expenses, such as taxes, insurance, and repairs. How can i amend my 2010 tax return Reimbursed expenses. How can i amend my 2010 tax return   In most cases, you cannot claim a charitable contribution deduction if you are compensated or reimbursed for any part of the costs of having a student live with you. How can i amend my 2010 tax return However, you may be able to claim a charitable contribution deduction for the unreimbursed portion of your expenses if you are reimbursed only for an extraordinary or one-time item, such as a hospital bill or vacation trip, you paid in advance at the request of the student's parents or the sponsoring organization. How can i amend my 2010 tax return Mutual exchange program. How can i amend my 2010 tax return   You cannot deduct the costs of a foreign student living in your home under a mutual exchange program through which your child will live with a family in a foreign country. How can i amend my 2010 tax return Reporting expenses. How can i amend my 2010 tax return   For a list of what you must file with your return if you deduct expenses for a student living with you, see Reporting expenses for student living with you under How To Report, later. How can i amend my 2010 tax return Out-of-Pocket Expenses in Giving Services Table 2. How can i amend my 2010 tax return Volunteers' Questions and Answers If you volunteer for a qualified organization, the following questions and answers may apply to you. How can i amend my 2010 tax return All of the rules explained in this publication also apply. How can i amend my 2010 tax return See, in particular, Out-of-Pocket Expenses in Giving Services . How can i amend my 2010 tax return Question Answer I volunteer 6 hours a week in the office of a qualified organization. How can i amend my 2010 tax return The receptionist is paid $10 an hour for the same work. How can i amend my 2010 tax return Can I deduct $60 a week for my time? No, you cannot deduct the value of your time or services. How can i amend my 2010 tax return  The office is 30 miles from my home. How can i amend my 2010 tax return Can I deduct any of my car expenses for these trips? Yes, you can deduct the costs of gas and oil that are directly related to getting to and from the place where you volunteer. How can i amend my 2010 tax return If you do not want to figure your actual costs, you can deduct 14 cents for each mile. How can i amend my 2010 tax return I volunteer as a Red Cross nurse's aide at a hospital. How can i amend my 2010 tax return Can I deduct the cost of the uniforms I must wear? Yes, you can deduct the cost of buying and cleaning your uniforms if the hospital is a qualified organization, the uniforms are not suitable for everyday use, and you must wear them when volunteering. How can i amend my 2010 tax return I pay a babysitter to watch my children while I volunteer for a qualified organization. How can i amend my 2010 tax return Can I deduct these costs? No, you cannot deduct payments for childcare expenses as a charitable contribution, even if you would be unable to volunteer without childcare. How can i amend my 2010 tax return (If you have childcare expenses so you can work for pay, see Publication 503, Child and Dependent Care Expenses. How can i amend my 2010 tax return ) Although you cannot deduct the value of your services given to a qualified organization, you may be able to deduct some amounts you pay in giving services to a qualified organization. How can i amend my 2010 tax return The amounts must be: Unreimbursed, Directly connected with the services, Expenses you had only because of the services you gave, and Not personal, living, or family expenses. How can i amend my 2010 tax return Table 2 contains questions and answers that apply to some individuals who volunteer their services. How can i amend my 2010 tax return Underprivileged youths selected by charity. How can i amend my 2010 tax return   You can deduct reasonable unreimbursed out-of-pocket expenses you pay to allow underprivileged youths to attend athletic events, movies, or dinners. How can i amend my 2010 tax return The youths must be selected by a charitable organization whose goal is to reduce juvenile delinquency. How can i amend my 2010 tax return Your own similar expenses in accompanying the youths are not deductible. How can i amend my 2010 tax return Conventions. How can i amend my 2010 tax return   If a qualified organization selects you to attend a convention as its representative, you can deduct your unreimbursed expenses for travel, including reasonable amounts for meals and lodging, while away from home overnight for the convention. How can i amend my 2010 tax return However, see Travel , later. How can i amend my 2010 tax return   You cannot deduct personal expenses for sightseeing, fishing parties, theater tickets, or nightclubs. How can i amend my 2010 tax return You also cannot deduct travel, meals and lodging, and other expenses for your spouse or children. How can i amend my 2010 tax return   You cannot deduct your travel expenses in attending a church convention if you go only as a member of your church rather than as a chosen representative. How can i amend my 2010 tax return You can, however, deduct unreimbursed expenses that are directly connected with giving services for your church during the convention. How can i amend my 2010 tax return Uniforms. How can i amend my 2010 tax return   You can deduct the cost and upkeep of uniforms that are not suitable for everyday use and that you must wear while performing donated services for a charitable organization. How can i amend my 2010 tax return Foster parents. How can i amend my 2010 tax return   You may be able to deduct as a charitable contribution some of the costs of being a foster parent (foster care provider) if you have no profit motive in providing the foster care and are not, in fact, making a profit. How can i amend my 2010 tax return A qualified organization must select the individuals you take into your home for foster care. How can i amend my 2010 tax return   You can deduct expenses that meet both of the following requirements. How can i amend my 2010 tax return They are unreimbursed out-of-pocket expenses to feed, clothe, and care for the foster child. How can i amend my 2010 tax return They are incurred primarily to benefit the qualified organization. How can i amend my 2010 tax return   Unreimbursed expenses that you cannot deduct as charitable contributions may be considered support provided by you in determining whether you can claim the foster child as a dependent. How can i amend my 2010 tax return For details, see Publication 501, Exemptions, Standard Deduction, and Filing Information. How can i amend my 2010 tax return Example. How can i amend my 2010 tax return You cared for a foster child because you wanted to adopt her, not to benefit the agency that placed her in your home. How can i amend my 2010 tax return Your unreimbursed expenses are not deductible as charitable contributions. How can i amend my 2010 tax return Church deacon. How can i amend my 2010 tax return   You can deduct as a charitable contribution any unreimbursed expenses you have while in a permanent diaconate program established by your church. How can i amend my 2010 tax return These expenses include the cost of vestments, books, and transportation required in order to serve in the program as either a deacon candidate or an ordained deacon. How can i amend my 2010 tax return Car expenses. How can i amend my 2010 tax return   You can deduct as a charitable contribution any unreimbursed out-of-pocket expenses, such as the cost of gas and oil, directly related to the use of your car in giving services to a charitable organization. How can i amend my 2010 tax return You cannot deduct general repair and maintenance expenses, depreciation, registration fees, or the costs of tires or insurance. How can i amend my 2010 tax return   If you do not want to deduct your actual expenses, you can use a standard mileage rate of 14 cents a mile to figure your contribution. How can i amend my 2010 tax return   You can deduct parking fees and tolls whether you use your actual expenses or the standard mileage rate. How can i amend my 2010 tax return   You must keep reliable written records of your car expenses. How can i amend my 2010 tax return For more information, see Car expenses under Records To Keep, later. How can i amend my 2010 tax return Travel. How can i amend my 2010 tax return   Generally, you can claim a charitable contribution deduction for travel expenses necessarily incurred while you are away from home performing services for a charitable organization only if there is no significant element of personal pleasure, recreation, or vacation in the travel. How can i amend my 2010 tax return This applies whether you pay the expenses directly or indirectly. How can i amend my 2010 tax return You are paying the expenses indirectly if you make a payment to the charitable organization and the organization pays for your travel expenses. How can i amend my 2010 tax return   The deduction for travel expenses will not be denied simply because you enjoy providing services to the charitable organization. How can i amend my 2010 tax return Even if you enjoy the trip, you can take a charitable contribution deduction for your travel expenses if you are on duty in a genuine and substantial sense throughout the trip. How can i amend my 2010 tax return However, if you have only nominal duties, or if for significant parts of the trip you do not have any duties, you cannot deduct your travel expenses. How can i amend my 2010 tax return Example 1. How can i amend my 2010 tax return You are a troop leader for a tax-exempt youth group and you take the group on a camping trip. How can i amend my 2010 tax return You are responsible for overseeing the setup of the camp and for providing adult supervision for other activities during the entire trip. How can i amend my 2010 tax return You participate in the activities of the group and enjoy your time with them. How can i amend my 2010 tax return You oversee the breaking of camp and you transport the group home. How can i amend my 2010 tax return You can deduct your travel expenses. How can i amend my 2010 tax return Example 2. How can i amend my 2010 tax return You sail from one island to another and spend 8 hours a day counting whales and other forms of marine life. How can i amend my 2010 tax return The project is sponsored by a charitable organization. How can i amend my 2010 tax return In most circumstances, you cannot deduct your expenses. How can i amend my 2010 tax return Example 3. How can i amend my 2010 tax return You work for several hours each morning on an archeological dig sponsored by a charitable organization. How can i amend my 2010 tax return The rest of the day is free for recreation and sightseeing. How can i amend my 2010 tax return You cannot take a charitable contribution deduction even though you work very hard during those few hours. How can i amend my 2010 tax return Example 4. How can i amend my 2010 tax return You spend the entire day attending a charitable organization's regional meeting as a chosen representative. How can i amend my 2010 tax return In the evening you go to the theater. How can i amend my 2010 tax return You can claim your travel expenses as charitable contributions, but you cannot claim the cost of your evening at the theater. How can i amend my 2010 tax return Daily allowance (per diem). How can i amend my 2010 tax return   If you provide services for a charitable organization and receive a daily allowance to cover reasonable travel expenses, including meals and lodging while away from home overnight, you must include in income any part of the allowance that is more than your deductible travel expenses. How can i amend my 2010 tax return You may be able to deduct any necessary travel expenses that are more than the allowance. How can i amend my 2010 tax return Deductible travel expenses. How can i amend my 2010 tax return   These include: Air, rail, and bus transportation, Out-of-pocket expenses for your car, Taxi fares or other costs of transportation between the airport or station and your hotel, Lodging costs, and The cost of meals. How can i amend my 2010 tax return Because these travel expenses are not business-related, they are not subject to the same limits as business related expenses. How can i amend my 2010 tax return For information on business travel expenses, see Travel in Publication 463, Travel, Entertainment, Gift, and Car Expenses. How can i amend my 2010 tax return Expenses of Whaling Captains You may be able to deduct as a charitable contribution any reasonable and necessary whaling expenses you pay during the year to carry out sanctioned whaling activities. How can i amend my 2010 tax return The deduction is limited to $10,000 a year. How can i amend my 2010 tax return To claim the deduction, you must be recognized by the Alaska Eskimo Whaling Commission as a whaling captain charged with the responsibility of maintaining and carrying out sanctioned whaling activities. How can i amend my 2010 tax return Sanctioned whaling activities are subsistence bowhead whale hunting activities conducted under the management plan of the Alaska Eskimo Whaling Commission. How can i amend my 2010 tax return Whaling expenses include expenses for: Acquiring and maintaining whaling boats, weapons, and gear used in sanctioned whaling activities, Supplying food for the crew and other provisions for carrying out these activities, and Storing and distributing the catch from these activities. How can i amend my 2010 tax return You must keep records showing the time, place, date, amount, and nature of the expenses. How can i amend my 2010 tax return For details, see Revenue Procedure 2006-50, which is on page 944 of Internal Revenue Bulletin 2006-47 at www. How can i amend my 2010 tax return irs. How can i amend my 2010 tax return gov/pub/irs-irbs/irb06-47. How can i amend my 2010 tax return pdf. How can i amend my 2010 tax return Contributions You Cannot Deduct There are some contributions you cannot deduct and others you can deduct only in part. How can i amend my 2010 tax return You cannot deduct as a charitable contribution: A contribution to a specific individual, A contribution to a nonqualified organization, The part of a contribution from which you receive or expect to receive a benefit, The value of your time or services, Your personal expenses, A qualified charitable distribution from an individual retirement arrangement (IRA), Appraisal fees, Certain contributions to donor-advised funds, or Certain contributions of partial interests in property. How can i amend my 2010 tax return Detailed discussions of these items follow. How can i amend my 2010 tax return Contributions to Individuals You cannot deduct contributions to specific individuals, including the following. How can i amend my 2010 tax return Contributions to fraternal societies made for the purpose of paying medical or burial expenses of members. How can i amend my 2010 tax return Contributions to individuals who are needy or worthy. How can i amend my 2010 tax return You cannot deduct these contributions even if you make them to a qualified organization for the benefit of a specific person. How can i amend my 2010 tax return But you can deduct a contribution to a qualified organization that helps needy or worthy individuals if you do not indicate that your contribution is for a specific person. How can i amend my 2010 tax return Example. How can i amend my 2010 tax return You can deduct contributions to a qualified organization for flood relief, hurricane relief, or other disaster relief. How can i amend my 2010 tax return However, you cannot deduct contributions earmarked for relief of a particular individual or family. How can i amend my 2010 tax return Payments to a member of the clergy that can be spent as he or she wishes, such as for personal expenses. How can i amend my 2010 tax return Expenses you paid for another person who provided services to a qualified organization. How can i amend my 2010 tax return Example. How can i amend my 2010 tax return Your son does missionary work. How can i amend my 2010 tax return You pay his expenses. How can i amend my 2010 tax return You cannot claim a deduction for your son's unreimbursed expenses related to his contribution of services. How can i amend my 2010 tax return Payments to a hospital that are for a specific patient's care or for services for a specific patient. How can i amend my 2010 tax return You cannot deduct these payments even if the hospital is operated by a city, state, or other qualified organization. How can i amend my 2010 tax return Contributions to Nonqualified Organizations You cannot deduct contributions to organizations that are not qualified to receive tax-deductible contributions, including the following. How can i amend my 2010 tax return Certain state bar associations if: The bar is not a political subdivision of a state, The bar has private, as well as public, purposes, such as promoting the professional interests of members, and Your contribution is unrestricted and can be used for private purposes. How can i amend my 2010 tax return Chambers of commerce and other business leagues or organizations. How can i amend my 2010 tax return Civic leagues and associations. How can i amend my 2010 tax return Communist organizations. How can i amend my 2010 tax return Country clubs and other social clubs. How can i amend my 2010 tax return Foreign organizations other than certain Canadian, Israeli, or Mexican charitable organizations. How can i amend my 2010 tax return (See Canadian charities , Mexican charities , and Israeli charities under Organizations That Qualify To Receive Deductible Contributions, earlier. How can i amend my 2010 tax return ) Also, you cannot deduct a contribution you made to any qualifying organization if the contribution is earmarked to go to a foreign organization. How can i amend my 2010 tax return However, certain contributions to a qualified organization for use in a program conducted by a foreign charity may be deductible as long as they are not earmarked to go to the foreign charity. How can i amend my 2010 tax return For the contribution to be deductible, the qualified organization must approve the program as furthering its own exempt purposes and must keep control over the use of the contributed funds. How can i amend my 2010 tax return The contribution is also deductible if the foreign charity is only an administrative arm of the qualified organization. How can i amend my 2010 tax return Homeowners' associations. How can i amend my 2010 tax return Labor unions. How can i amend my 2010 tax return But you may be able to deduct union dues as a miscellaneous itemized deduction, subject to the 2%-of-adjusted-gross-income limit, on Schedule A (Form 1040). How can i amend my 2010 tax return See Publication 529, Miscellaneous Deductions. How can i amend my 2010 tax return Political organizations and candidates. How can i amend my 2010 tax return Contributions From Which You Benefit If you receive or expect to receive a financial or economic benefit as a result of making a contribution to a qualified organization, you cannot deduct the part of the contribution that represents the value of the benefit you receive. How can i amend my 2010 tax return See Contributions From Which You Benefit under Contributions You Can Deduct, earlier. How can i amend my 2010 tax return These contributions include the following. How can i amend my 2010 tax return Contributions for lobbying. How can i amend my 2010 tax return This includes amounts you earmark for use in, or in connection with, influencing specific legislation. How can i amend my 2010 tax return Contributions to a retirement home for room, board, maintenance, or admittance. How can i amend my 2010 tax return Also, if the amount of your contribution depends on the type or size of apartment you will occupy, it is not a charitable contribution. How can i amend my 2010 tax return Costs of raffles, bingo, lottery, etc. How can i amend my 2010 tax return You cannot deduct as a charitable contribution amounts you pay to buy raffle or lottery tickets or to play bingo or other games of chance. How can i amend my 2010 tax return For information on how to report gambling winnings and losses, see Deductions Not Subject to the 2% Limit in Publication 529. How can i amend my 2010 tax return Dues to fraternal orders and similar groups. How can i amend my 2010 tax return However, see Membership fees or dues under Contributions From Which You Benefit, earlier. How can i amend my 2010 tax return Tuition, or amounts you pay instead of tuition. How can i amend my 2010 tax return You cannot deduct as a charitable contribution amounts you pay as tuition even if you pay them for children to attend parochial schools or qualifying nonprofit daycare centers. How can i amend my 2010 tax return You also cannot deduct any fixed amount you must pay in addition to, or instead of, tuition to enroll in a private school, even if it is designated as a “donation. How can i amend my 2010 tax return ” Contributions connected with split-dollar insurance arrangements. How can i amend my 2010 tax return You cannot deduct any part of a contribution to a charitable organization if, in connection with the contribution, the organization directly or indirectly pays, has paid, or is expected to pay any premium on any life insurance, annuity, or endowment contract for which you, any member of your family, or any other person chosen by you (other than a qualified charitable organization) is a beneficiary. How can i amend my 2010 tax return Example. How can i amend my 2010 tax return You donate money to a charitable organization. How can i amend my 2010 tax return The charity uses the money to purchase a cash value life insurance policy. How can i amend my 2010 tax return The beneficiaries under the insurance policy include members of your family. How can i amend my 2010 tax return Even though the charity may eventually get some benefit out of the insurance policy, you cannot deduct any part of the donation. How can i amend my 2010 tax return Qualified Charitable Distributions A qualified charitable distribution (QCD) is a distribution made directly by the trustee of your individual retirement arrangement (IRA), other than a SEP or SIMPLE IRA, to certain qualified organizations. How can i amend my 2010 tax return You must have been at least age 70½ when the distribution was made. How can i amend my 2010 tax return Your total QCDs for the year cannot be more than $100,000. How can i amend my 2010 tax return If all the requirements are met, a QCD is nontaxable, but you cannot claim a charitable contribution deduction for a QCD. How can i amend my 2010 tax return See Publication 590, Individual Retirement Arrangements (IRAs), for more information about QCDs. How can i amend my 2010 tax return Value of Time or Services You cannot deduct the value of your time or services, including: Blood donations to the American Red Cross or to blood banks, and The value of income lost while you work as an unpaid volunteer for a qualified organization. How can i amend my 2010 tax return Personal Expenses You cannot deduct personal, living, or family expenses, such as the following items. How can i amend my 2010 tax return The cost of meals you eat while you perform services for a qualified organization, unless it is necessary for you to be away from home overnight while performing the services. How can i amend my 2010 tax return Adoption expenses, including fees paid to an adoption agency and the costs of keeping a child in your home before adoption is final. How can i amend my 2010 tax return However, you may be able to claim a tax credit for these expenses. How can i amend my 2010 tax return Also, you may be able to exclude from your gross income amounts paid or reimbursed by your employer for your adoption expenses. How can i amend my 2010 tax return See Form 8839, Qualified Adoption Expenses, and its instructions, for more information. How can i amend my 2010 tax return You also may be able to claim an exemption for the child. How can i amend my 2010 tax return See Exemptions for Dependents in Publication 501 for more information. How can i amend my 2010 tax return Appraisal Fees You cannot deduct as a charitable contribution any fees you pay to find the fair market value of donated property. How can i amend my 2010 tax return But you can claim them, subject to the 2%-of-adjusted-gross-income limit, as a miscellaneous itemized deduction on Schedule A (Form 1040). How can i amend my 2010 tax return See Deductions Subject to the 2% Limit in Publication 529 for more information. How can i amend my 2010 tax return Contributions to Donor-Advised Funds You cannot deduct a contribution to a donor-advised fund if: The qualified organization that sponsors the fund is a war veterans' organization, a fraternal society, or a nonprofit cemetery company, or You do not have an acknowledgment from that sponsoring organization that it has exclusive legal control over the assets contributed. How can i amend my 2010 tax return There are also other circumstances in which you cannot deduct your contribution to a donor-advised fund. How can i amend my 2010 tax return Generally, a donor-advised fund is a fund or account in which a donor can, because of being a donor, advise the fund how to distribute or invest amounts held in the fund. How can i amend my 2010 tax return For details, see Internal Revenue Code section 170(f)(18). How can i amend my 2010 tax return Partial Interest in Property Generally, you cannot deduct a contribution of less than your entire interest in property. How can i amend my 2010 tax return For details, see Partial Interest in Property under Contributions of Property, later. How can i amend my 2010 tax return Contributions of Property If you contribute property to a qualified organization, the amount of your charitable contribution is generally the fair market value of the property at the time of the contribution. How can i amend my 2010 tax return However, if the property has increased in value, you may have to make some adjustments to the amount of your deduction. How can i amend my 2010 tax return See Giving Property That Has Increased in Value , later. How can i amend my 2010 tax return For information about the records you must keep and the information you must furnish with your return if you donate property, see Records To Keep and How To Report , later. How can i amend my 2010 tax return Contributions Subject to Special Rules Special rules apply if you contribute: Clothing or household items, A car, boat, or airplane, Taxidermy property, Property subject to a debt, A partial interest in property, A fractional interest in tangible personal property, A qualified conservation contribution, A future interest in tangible personal property, Inventory from your business, or A patent or other intellectual property. How can i amend my 2010 tax return These special rules are described next. How can i amend my 2010 tax return Clothing and Household Items You cannot take a deduction for clothing or household items you donate unless the clothing or household items are in good used condition or better. How can i amend my 2010 tax return Exception. How can i amend my 2010 tax return   You can take a deduction for a contribution of an item of clothing or a household item that is not in good used condition or better if you deduct more than $500 for it and include a qualified appraisal of it with your return. How can i amend my 2010 tax return Household items. How can i amend my 2010 tax return   Household items include: Furniture and furnishings, Electronics, Appliances, Linens, and Other similar items. How can i amend my 2010 tax return   Household items do not include: Food, Paintings, antiques, and other objects of art, Jewelry and gems, and Collections. How can i amend my 2010 tax return Fair market value. How can i amend my 2010 tax return   To determine the fair market value of these items, use the rules under Determining Fair Market Value , later. How can i amend my 2010 tax return Cars, Boats, and Airplanes The following rules apply to any donation of a qualified vehicle. How can i amend my 2010 tax return A qualified vehicle is: A car or any motor vehicle manufactured mainly for use on public streets, roads, and highways, A boat, or An airplane. How can i amend my 2010 tax return Deduction more than $500. How can i amend my 2010 tax return   If you donate a qualified vehicle with a claimed fair market value of more than $500, you can deduct the smaller of: The gross proceeds from the sale of the vehicle by the organization, or The vehicle's fair market value on the date of the contribution. How can i amend my 2010 tax return If the vehicle's fair market value was more than your cost or other basis, you may have to reduce the fair market value to figure the deductible amount, as described under Giving Property That Has Increased in Value , later. How can i amend my 2010 tax return Form 1098-C. How can i amend my 2010 tax return   You must attach to your return Copy B of the Form 1098-C, Contributions of Motor Vehicles, Boats, and Airplanes, (or other statement containing the same information as Form 1098-C) you received from the organization. How can i amend my 2010 tax return The Form 1098-C (or other statement) will show the gross proceeds from the sale of the vehicle. How can i amend my 2010 tax return   If you e-file your return, you must: Attach Copy B of Form 1098-C to Form 8453, U. How can i amend my 2010 tax return S. How can i amend my 2010 tax return Individual Income Tax Transmittal for an IRS e-file Return, and mail the forms to the IRS, or Include Copy B of Form 1098-C as a pdf attachment if your software program allows it. How can i amend my 2010 tax return   If you do not attach Form 1098-C (or other statement), you cannot deduct your contribution. How can i amend my 2010 tax return    You must get Form 1098-C (or other statement) within 30 days of the sale of the vehicle. How can i amend my 2010 tax return But if exception 1 or 2 (described later) applies, you must get Form 1098-C (or other statement) within 30 days of your donation. How can i amend my 2010 tax return Filing deadline approaching and still no Form 1098-C. How can i amend my 2010 tax return   If the filing deadline is approaching and you still do not have a Form 1098-C, you have two choices. How can i amend my 2010 tax return Request an automatic 6-month extension of time to file your return. How can i amend my 2010 tax return You can get this extension by filing Form 4868, Application for Automatic Extension of Time To File U. How can i amend my 2010 tax return S. How can i amend my 2010 tax return Individual Income Tax Return. How can i amend my 2010 tax return For more information, see the instructions for Form 4868. How can i amend my 2010 tax return File the return on time without claiming the deduction for the qualified vehicle. How can i amend my 2010 tax return After receiving the Form 1098-C, file an amended return, Form 1040X, Amended U. How can i amend my 2010 tax return S. How can i amend my 2010 tax return Individual Income Tax Return, claiming the deduction. How can i amend my 2010 tax return Attach Copy B of Form 1098-C (or other statement) to the amended return. How can i amend my 2010 tax return Exceptions. How can i amend my 2010 tax return   There are two exceptions to the rules just described for deductions of more than $500. How can i amend my 2010 tax return Exception 1—vehicle used or improved by organization. How can i amend my 2010 tax return   If the qualified organization makes a significant intervening use of or material improvement to the vehicle before transferring it, you generally can deduct the vehicle's fair market value at the time of the contribution. How can i amend my 2010 tax return But if the vehicle's fair market value was more than your cost or other basis, you may have to reduce the fair market value to get the deductible amount, as described under Giving Property That Has Increased in Value , later. How can i amend my 2010 tax return The Form 1098-C (or other statement) will show whether this exception applies. How can i amend my 2010 tax return    Exception 2—vehicle given or sold to needy individual. How can i amend my 2010 tax return   If the qualified organization will give the vehicle, or sell it for a price well below fair market value, to a needy individual to further the organization's charitable purpose, you generally can deduct the vehicle's fair market value at the time of the contribution. How can i amend my 2010 tax return But if the vehicle's fair market value was more than your cost or other basis, you may have to reduce the fair market value to get the deductible amount, as described under Giving Property That Has Increased in Value , later. How can i amend my 2010 tax return The Form 1098-C (or other statement) will show whether this exception applies. How can i amend my 2010 tax return   This exception does not apply if the organization sells the vehicle at auction. How can i amend my 2010 tax return In that case, you cannot deduct the vehicle's fair market value. How can i amend my 2010 tax return Example. How can i amend my 2010 tax return Anita donates a used car to a qualified organization. How can i amend my 2010 tax return She bought it 3 years ago for $9,000. How can i amend my 2010 tax return A used car guide shows the fair market value for this type of car is $6,000. How can i amend my 2010 tax return However, Anita gets a Form 1098-C from the organization showing the car was sold for $2,900. How can i amend my 2010 tax return Neither exception 1 nor exception 2 applies. How can i amend my 2010 tax return If Anita itemizes her deductions, she can deduct $2,900 for her donation. How can i amend my 2010 tax return She must attach Form 1098-C and Form 8283 to her return. How can i amend my 2010 tax return Deduction $500 or less. How can i amend my 2010 tax return   If the qualified organization sells the vehicle for $500 or less and exceptions 1 and 2 do not apply, you can deduct the smaller of: $500, or The vehicle's fair market value on the date of the contribution. How can i amend my 2010 tax return But if the vehicle's fair market value was more than your cost or other basis, you may have to reduce the fair market value to get the deductible amount, as described under Giving Property That Has Increased in Value , later. How can i amend my 2010 tax return   If the vehicle's fair market value is at least $250 but not more than $500, you must have a written statement from the qualified organization acknowledging your donation. How can i amend my 2010 tax return The statement must contain the information and meet the tests for an acknowledgment described under Contributions of $250 or More under Records To Keep, later. How can i amend my 2010 tax return Fair market value. How can i amend my 2010 tax return   To determine a vehicle's fair market value, use the rules described under Determining Fair Market Value , later. How can i amend my 2010 tax return Donations of inventory. How can i amend my 2010 tax return   The vehicle donation rules just described do not apply to donations of inventory. How can i amend my 2010 tax return For example, these rules do not apply if you are a car dealer who donates a car you had been holding for sale to customers. How can i amend my 2010 tax return See Inventory , later. How can i amend my 2010 tax return Taxidermy Property If you donate taxidermy property to a qualified organization, your deduction is limited to your basis in the property or its fair market value, whichever is less. How can i amend my 2010 tax return This applies if you prepared, stuffed, or mounted the property or paid or incurred the cost of preparing, stuffing, or mounting the property. How can i amend my 2010 tax return Your basis for this purpose includes only the cost of preparing, stuffing, and mounting the property. How can i amend my 2010 tax return Your basis does not include transportation or travel costs. How can i amend my 2010 tax return It also does not include the direct or indirect costs for hunting or killing an animal, such as equipment costs. How can i amend my 2010 tax return In addition, it does not include the value of your time. How can i amend my 2010 tax return Taxidermy property means any work of art that: Is the reproduction or preservation of an animal, in whole or in part, Is prepared, stuffed, or mounted to recreate one or more characteristics of the animal, and Contains a part of the body of the dead animal. How can i amend my 2010 tax return Property Subject to a Debt If you contribute property subject to a debt (such as a mortgage), you must reduce the fair market value of the property by: Any allowable deduction for interest you paid (or will pay) that is attributable to any period after the contribution, and If the property is a bond, the lesser of: Any allowable deduction for interest you paid (or will pay) to buy or carry the bond that is attributable to any period before the contribution, or The interest, including bond discount, receivable on the bond that is attributable to any period before the contribution, and that is not includible in your income due to your accounting method. How can i amend my 2010 tax return This prevents you from deducting the same amount as both investment interest and a charitable contribution. How can i amend my 2010 tax return If the recipient (or another person) assumes the debt, you must also reduce the fair market value of the property by the amount of the outstanding debt assumed. How can i amend my 2010 tax return The amount of the debt is also treated as an amount realized on the sale or exchange of property for purposes of figuring your taxable gain (if any). How can i amend my 2010 tax return For more information, see Bargain Sales under Giving Property That Has Increased in Value, later. How can i amend my 2010 tax return Partial Interest in Property Generally, you cannot deduct a charitable contribution of less than your entire interest in property. How can i amend my 2010 tax return Right to use property. How can i amend my 2010 tax return   A contribution of the right to use property is a contribution of less than your entire interest in that property and is not deductible. How can i amend my 2010 tax return Example 1. How can i amend my 2010 tax return You own a 10-story office building and donate rent-free use of the top floor to a charitable organization. How can i amend my 2010 tax return Because you still own the building, you have contributed a partial interest in the property and cannot take a deduction for the contribution. How can i amend my 2010 tax return Example 2. How can i amend my 2010 tax return Mandy White owns a vacation home at the beach that she sometimes rents to others. How can i amend my 2010 tax return For a fund-raising auction at her church, she donated the right to use the vacation home for 1 week. How can i amend my 2010 tax return At the auction, the church received and accepted a bid from Lauren Green equal to the fair rental value of the home for 1 week. How can i amend my 2010 tax return Mandy cannot claim a deduction because of the partial interest rule. How can i amend my 2010 tax return Lauren cannot claim a deduction either, because she received a benefit equal to the amount of her payment. How can i amend my 2010 tax return See Contributions From Which You Benefit , earlier. How can i amend my 2010 tax return Exceptions. How can i amend my 2010 tax return   You can deduct a charitable contribution of a partial interest in property only if that interest represents one of the following items. How can i amend my 2010 tax return A remainder interest in your personal home or farm. How can i amend my 2010 tax return A remainder interest is one that passes to a beneficiary after the end of an earlier interest in the property. How can i amend my 2010 tax return Example. How can i amend my 2010 tax return You keep the right to live in your home during your lifetime and give your church a remainder interest that begins upon your death. How can i amend my 2010 tax return You can deduct the value of the remainder interest. How can i amend my 2010 tax return An undivided part of your entire interest. How can i amend my 2010 tax return This must consist of a part of every substantial interest or right you own in the property and must last as long as your interest in the property lasts. How can i amend my 2010 tax return But see Fractional Interest in Tangible Personal Property , later. How can i amend my 2010 tax return Example. How can i amend my 2010 tax return You contribute voting stock to a qualified organization but keep the right to vote the stock. How can i amend my 2010 tax return The right to vote is a substantial right in the stock. How can i amend my 2010 tax return You have not contributed an undivided part of your entire interest and cannot deduct your contribution. How can i amend my 2010 tax return A partial interest that would be deductible if transferred to certain types of trusts. How can i amend my 2010 tax return A qualified conservation contribution (defined later). How can i amend my 2010 tax return For information about how to figure the value of a contribution of a partial interest in property, see Partial Interest in Property Not in Trust in Publication 561. How can i amend my 2010 tax return Fractional Interest in Tangible Personal Property You cannot deduct a charitable contribution of a fractional interest in tangible personal property unless all interests in the property are held immediately before the contribution by: You, or You and the qualifying organization receiving the contribution. How can i amend my 2010 tax return If you make an additional contribution later, the fair market value of that contribution will be determined by using the smaller of: The fair market value of the property at the time of the initial contribution, or The fair market value of the property at the time of the additional contribution. How can i amend my 2010 tax return Tangible personal property is defined later under Future Interest in Tangible Personal Property . How can i amend my 2010 tax return A fractional interest in property is an undivided portion of your entire interest in the property. How can i amend my 2010 tax return Example. How can i amend my 2010 tax return An undivided one-quarter interest in a painting that entitles an art museum to possession of the painting for 3 months of each year is a fractional interest in the property. How can i amend my 2010 tax return Recapture of deduction. How can i amend my 2010 tax return   You must recapture your charitable contribution deduction by including it in your income if both of the following statements are true. How can i amend my 2010 tax return You contributed a fractional interest in tangible personal property after August 17, 2006. How can i amend my 2010 tax return You do not contribute the rest of your interests in the property to the original recipient or, if it no longer exists, another qualified organization on or before the earlier of: The date that is 10 years after the date of the initial contribution, or The date of your death. How can i amend my 2010 tax return   Recapture is also required if the qualified organization has not taken substantial physical possession of the property and used it in a way related to the organization's purpose during the period beginning on the date of the initial contribution and ending on the earlier of: The date that is 10 years after the date of the initial contribution, or The date of your death. How can i amend my 2010 tax return Additional tax. How can i amend my 2010 tax return   If you must recapture your deduction, you must also pay interest and an additional tax equal to 10% of the amount recaptured. How can i amend my 2010 tax return Qualified Conservation Contribution A qualified conservation contribution is a contribution of a qualified real property interest to a qualified organization to be used only for conservation purposes. How can i amend my 2010 tax return Qualified organization. How can i amend my 2010 tax return   For purposes of a qualified conservation contribution, a qualified organization is: A governmental unit, A publicly supported charity, or An organization controlled by, and operated for the exclusive benefit of, a governmental unit or a publicly supported charity. How can i amend my 2010 tax return The organization also must have a commitment to protect the conservation purposes of the donation and must have the resources to enforce the restrictions. How can i amend my 2010 tax return   A publicly supported charity is an organization of the type described in (1) under Types of Qualified Organizations , earlier, that normally receives a substantial part of its support, other than income from its exempt activities, from direct or indirect contributions from the general public or from governmental units. How can i amend my 2010 tax return Qualified real property interest. How can i amend my 2010 tax return   This is any of the following interests in real property. How can i amend my 2010 tax return Your entire interest in real estate other than a mineral interest (subsurface oil, gas, or other minerals, and the right of access to these minerals). How can i amend my 2010 tax return A remainder interest. How can i amend my 2010 tax return A restriction (granted in perpetuity) on the use that may be made of the real property. How can i amend my 2010 tax return Conservation purposes. How can i amend my 2010 tax return   Your contribution must be made only for one of the following conservation purposes. How can i amend my 2010 tax return Preserving land areas for outdoor recreation by, or for the education of, the general public. How can i amend my 2010 tax return Protecting a relatively natural habitat of fish, wildlife, or plants, or a similar ecosystem. How can i amend my 2010 tax return Preserving open space, including farmland and forest land, if it yields a significant public benefit. How can i amend my 2010 tax return The open space must be preserved either for the scenic enjoyment of the general public or under a clearly defined federal, state, or local governmental conservation policy. How can i amend my 2010 tax return Preserving a historically important land area or a certified historic structure. How can i amend my 2010 tax return Building in registered historic district. How can i amend my 2010 tax return   If a building in a registered historic district is a certified historic structure, a contribution of a qualified real property interest that is an easement or other restriction on the exterior of the building is deductible only if it meets all of the following conditions. How can i amend my 2010 tax return The restriction must preserve the entire exterior of the building (including its front, sides, rear, and height) and must prohibit any change to the exterior of the building that is inconsistent with its historical character. How can i amend my 2010 tax return You and the organization receiving the contribution must enter into a written agreement certifying, under penalty of perjury, that the organization: Is a qualified organization with a purpose of environmental protection, land conservation, open space preservation, or historic preservation, and Has the resources to manage and enforce the restriction and a commitment to do so. How can i amend my 2010 tax return You must include with your return: A qualified appraisal, Photographs of the building's entire exterior, and A description of all restrictions on development of the building, such as zoning laws and restrictive covenants. How can i amend my 2010 tax return   If you claimed the rehabilitation credit for the building for any of the 5 years before the year of the contribution, your charitable deduction is reduced. How can i amend my 2010 tax return For more information, see Form 3468, Investment Credit, and Internal Revenue Code section 170(f)(14). How can i amend my 2010 tax return   If you claim a deduction of more than $10,000, your deduction will not be allowed unless you pay a $500 filing fee. How can i amend my 2010 tax return See Form 8283-V, Payment Voucher for Filing Fee Under Section 170(f)(13), and its instructions. How can i amend my 2010 tax return You may be able to deduct the filing fee as a miscellaneous itemized deduction, subject to the 2%-of-adjusted-gross-income limit, on Schedule A (Form 1040). How can i amend my 2010 tax return See Deductions Subject to the 2% Limit in Publication 529 for more information. How can i amend my 2010 tax return More information. How can i amend my 2010 tax return   For information about determining the fair market value of qualified conservation contributions, see Publication 561. How can i amend my 2010 tax return For information about the limits that apply to deductions for this type of contribution, see Limits on Deductions , later. How can i amend my 2010 tax return For more information about qualified conservation contributions, see Regulations section 1. How can i amend my 2010 tax return 170A-14. How can i amend my 2010 tax return Future Interest in Tangible Personal Property You cannot deduct the value of a charitable contribution of a future interest in tangible personal property until all intervening interests in and rights to the actual possession or enjoyment of the property have either expired or been turned over to someone other than yourself, a related person, or a related organization. How can i amend my 2010 tax return But see Fractional Interest in Tangible Personal Property , earlier, and Tangible personal property put to unrelated use , later. How can i amend my 2010 tax return Related persons include your spouse, children, grandchildren, brothers, sisters, and parents. How can i amend my 2010 tax return Related organizations may include a partnership or corporation in which you have an interest, or an estate or trust with which you have a connection. How can i amend my 2010 tax return Tangible personal property. How can i amend my 2010 tax return   This is any property, other than land or buildings, that can be seen or touched. How can i amend my 2010 tax return It includes furniture, books, jewelry, paintings, and cars. How can i amend my 2010 tax return Future interest. How can i amend my 2010 tax return   This is any interest that is to begin at some future time, regardless of whether it is designated as a future interest under state law. How can i amend my 2010 tax return Example. How can i amend my 2010 tax return You own an antique car that you contribute to a museum. How can i amend my 2010 tax return You give up ownership, but retain the right to keep the car in your garage with your personal collection. How can i amend my 2010 tax return Because you keep an interest in the property, you cannot deduct the contribution. How can i amend my 2010 tax return If you turn the car over to the museum in a later year, giving up all rights to its use, possession, and enjoyment, you can take a deduction for the contribution in that later year. How can i amend my 2010 tax return Inventory If you contribute inventory (property you sell in the course of your business), the amount you can deduct is the smaller of its fair market value on the day you contributed it or its basis. How can i amend my 2010 tax return The basis of contributed inventory is any cost incurred for the inventory in an earlier year that you would otherwise include in your opening inventory for the year of the contribution. How can i amend my 2010 tax return You must remove the amount of your charitable contribution deduction from your opening inventory. How can i amend my 2010 tax return It is not part of the cost of goods sold. How can i amend my 2010 tax return If the cost of donated inventory is not included in your opening inventory, the inventory's basis is zero and you cannot claim a charitable contribution deduction. How can i amend my 2010 tax return Treat the inventory's cost as you would ordinarily treat it under your method of accounting. How can i amend my 2010 tax return For example, include the purchase price of inventory bought and donated in the same year in the cost of goods sold for that year. How can i amend my 2010 tax return A special rule applies to certain donations of food inventory. How can i amend my 2010 tax return See Food Inventory, later. How can i amend my 2010 tax return Patents and Other Intellectual Property If you donate intellectual property to a qualified organization, your deduction is limited to the basis of the property or the fair market value of the property, whichever is smaller. How can i amend my 2010 tax return Intellectual property means any of the following: Patents. How can i amend my 2010 tax return Copyrights (other than a copyright described in Internal Revenue Code sections 1221(a)(3) or 1231(b)(1)(C)). How can i amend my 2010 tax return Trademarks. How can i amend my 2010 tax return Trade names. How can i amend my 2010 tax return Trade secrets. How can i amend my 2010 tax return Know-how. How can i amend my 2010 tax return Software (other than software described in Internal Revenue Code section 197(e)(3)(A)(i)). How can i amend my 2010 tax return Other similar property or applications or registrations of such property. How can i amend my 2010 tax return Additional deduction based on income. How can i amend my 2010 tax return   You may be able to claim additional charitable contribution deductions in the year of the contribution and years following, based on the income, if any, from the donated property. How can i amend my 2010 tax return   The following table shows the percentage of income from the property that you can deduct for each of your tax years ending on or after the date of the contribution. How can i amend my 2010 tax return In the table, “tax year 1,” for example, means your first tax year ending on or after the date of the contribution. How can i amend my 2010 tax return However, you can take the additional deduction only to the extent the total of the amounts figured using this table is more than the amount of the deduction claimed for the original donation of the property. How can i amend my 2010 tax return   After the legal life of the intellectual property ends, or after the 10th anniversary of the donation, whichever is earlier, no additional deduction is allowed. How can i amend my 2010 tax return The additional deductions cannot be taken for intellectual property donated to certain private foundations. How can i amend my 2010 tax return Tax year Deductible percentage 1 100% 2 100% 3 90% 4 80% 5 70% 6 60% 7 50% 8 40% 9 30% 10 20% 11 10% 12 10% Reporting requirements. How can i amend my 2010 tax return   You must inform the organization at the time of the donation that you intend to treat the donation as a contribution subject to the provisions just discussed. How can i amend my 2010 tax return   The organization is required to file an information return showing the income from the property, with a copy to you. How can i amend my 2010 tax return This is done on Form 8899, Notice of Income From Donated Intellectual Property. How can i amend my 2010 tax return Determining Fair Market Value This section discusses general guidelines for determining the fair market value of various types of donated property. How can i amend my 2010 tax return Publication 561 contains a more complete discussion. How can i amend my 2010 tax return Fair market value is the price at which property would change hands between a willing buyer and a willing seller, neither having to buy or sell, and both having reasonable knowledge of all the relevant facts. How can i amend my 2010 tax return Used clothing. How can i amend my 2010 tax return   The fair market value of used clothing and other personal items is usually far less than the price you paid for them. How can i amend my 2010 tax return There are no fixed formulas or methods for finding the value of items of clothing. How can i amend my 2010 tax return   You should claim as the value the price that buyers of used items actually pay in used clothing stores, such as consignment or thrift shops. How can i amend my 2010 tax return      Also see Clothing and Household Items , earlier. How can i amend my 2010 tax return Example. How can i amend my 2010 tax return    Kristin donated a coat to a thrift store operated by her church. How can i amend my 2010 tax return She paid $300 for the coat 3 years ago. How can i amend my 2010 tax return Similar coats in the thrift store sell for $50. How can i amend my 2010 tax return The fair market value of the coat is $50. How can i amend my 2010 tax return Kristin's donation is limited to $50. How can i amend my 2010 tax return Household items. How can i amend my 2010 tax return   The fair market value of used household items, such as furniture, appliances, and linens, is usually much lower than the price paid when new. How can i amend my 2010 tax return These items may have little or no market value because they are in a worn condition, out of style, or no longer useful. How can i amend my 2010 tax return For these reasons, formulas (such as using a percentage of the cost to buy a new replacement item) are not acceptable in determining value. How can i amend my 2010 tax return   You should support your valuation with photographs, canceled checks, receipts from your purchase of the items, or other evidence. How can i amend my 2010 tax return Magazine or newspaper articles and photographs that describe the items and statements by the recipients of the items are also useful. How can i amend my 2010 tax return Do not include any of this evidence with your tax return. How can i amend my 2010 tax return   If the property is valuable because it is old or unique, see the discussion under Paintings, Antiques, and Other Objects of Art in Publication 561. How can i amend my 2010 tax return   Also see Clothing and Household Items , earlier. How can i amend my 2010 tax return Cars, boats, and airplanes. How can i amend my 2010 tax return   If you contribute a car, boat, or airplane to a charitable organization, you must determine its fair market value. How can i amend my 2010 tax return Boats. How can i amend my 2010 tax return   Except for small, inexpensive boats, the valuation of boats should be based on an appraisal by a marine surveyor or appraiser because the physical condition is critical to the value. How can i amend my 2010 tax return Cars. How can i amend my 2010 tax return   Certain commercial firms and trade organizations publish used car pricing guides, commonly called “blue books,” containing complete dealer sale prices or dealer average prices for recent model years. How can i amend my 2010 tax return The guides may be published monthly or seasonally, and for different regions of the country. How can i amend my 2010 tax return These guides also provide estimates for adjusting for unusual equipment, unusual mileage, and physical condition. How can i amend my 2010 tax return The prices are not “official” and these publications are not considered an appraisal of any specific donated property. How can i amend my 2010 tax return But they do provide clues for making an appraisal and suggest relative prices for comparison with current sales and offerings in your area. How can i amend my 2010 tax return   These publications are sometimes available from public libraries, or from the loan officer at a bank, credit union, or finance company. How can i amend my 2010 tax return You can also find used car pricing information on the Internet. How can i amend my 2010 tax return   To find the fair market value of a donated car, use the price listed in a used car guide for a private party sale, not the dealer retail value. How can i amend my 2010 tax return However, the fair market value may be less if the car has engine trouble, body damage, high mileage, or any type of excessive wear. How can i amend my 2010 tax return The fair market value of a donated car is the same as the price listed in a used car guide for a private party sale only if the guide lists a sales price for a car that is the same make, model, and year, sold in the same area, in the same condition, with the same or similar options or accessories, and with the same or similar warranties as the donated car. How can i amend my 2010 tax return Example. How can i amend my 2010 tax return You donate a used car in poor condition to a local high school for use by students studying car repair. How can i amend my 2010 tax return A used car guide shows the dealer retail value for this type of car in poor condition is $1,600. How can i amend my 2010 tax return However, the guide shows the price for a private party sale of the car is only $750. How can i amend my 2010 tax return The fair market value of the car is considered to be $750. How can i amend my 2010 tax return Large quantities. How can i amend my 2010 tax return   If you contribute a large number of the same item, fair market value is the price at which comparable numbers of the item are being sold. How can i amend my 2010 tax return Example. How can i amend my 2010 tax return You purchase 500 bibles for $1,000. How can i amend my 2010 tax return The person who sells them to you says the retail value of these bibles is $3,000. How can i amend my 2010 tax return If you contribute the bibles to a qualified organization, you can claim a deduction only for the price at which similar numbers of the same bible are currently being sold. How can i amend my 2010 tax return Your charitable contribution is $1,000, unless you can show that similar numbers of that bible wer