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How Far Back Can You Amend Tax Returns

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How Far Back Can You Amend Tax Returns

How far back can you amend tax returns Publication 531 - Introductory Material Table of Contents Future Developments What's New Reminder IntroductionOrdering forms and publications. How far back can you amend tax returns Tax questions. How far back can you amend tax returns Future Developments For the latest information about developments related to Publication 531, such as legislation enacted after this publication was published, go to www. How far back can you amend tax returns irs. How far back can you amend tax returns gov/pub531. How far back can you amend tax returns What's New Additional Medicare Tax. How far back can you amend tax returns  Beginning in 2013, a 0. How far back can you amend tax returns 9% Additional Medicare Tax applies to Medicare wages, Railroad Retirement Tax Act (RRTA) compensation, and self-employment income that are more than: $125,000 if married filing separately, $250,000 if married filing jointly, or $200,000 for any other filing status. How far back can you amend tax returns An employer is required to withhold Additional Medicare Tax on any Medicare wages or RRTA compensation it pays to an employee in excess of $200,000 in a calendar year without regard to the employee's filing status. How far back can you amend tax returns An employer is required to begin withholding Additional Medicare Tax in the pay period in which it pays wages or compensation in excess of $200,000 to an employee and continue to withhold it until the end of the calendar year. How far back can you amend tax returns Additional Medicare Tax is only imposed on the employee. How far back can you amend tax returns There is no employer share of Additional Medicare Tax. How far back can you amend tax returns All wages and compensation that are subject to Medicare tax are subject to Additional Medicare Tax withholding if paid in excess of the $200,000 withholding threshold. How far back can you amend tax returns Tips are subject to Additional Medicare Tax withholding, if, in combination with other wages paid by the employer, they exceed the $200,000 withholding threshold. How far back can you amend tax returns Similarly, tips are subject to Additional Medicare Tax withholding, if, in combination with other RRTA compensation paid by the employer, they exceed the $200,000 withholding threshold. How far back can you amend tax returns For more information on Additional Medicare Tax, go to www. How far back can you amend tax returns irs. How far back can you amend tax returns gov and enter “Additional Medicare Tax” in the search box. How far back can you amend tax returns Reminder Photographs of missing children. How far back can you amend tax returns  The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. How far back can you amend tax returns Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. How far back can you amend tax returns You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child. How far back can you amend tax returns Introduction This publication is for employees who receive tips. How far back can you amend tax returns All tips you receive are income and are subject to federal income tax. How far back can you amend tax returns You must include in gross income all tips you receive directly, charged tips paid to you by your employer, and your share of any tips you receive under a tip-splitting or tip-pooling arrangement. How far back can you amend tax returns The value of noncash tips, such as tickets, passes, or other items of value, is also income and subject to tax. How far back can you amend tax returns Reporting your tip income correctly is not difficult. How far back can you amend tax returns You must do three things. How far back can you amend tax returns Keep a daily tip record. How far back can you amend tax returns Report tips to your employer. How far back can you amend tax returns Report all your tips on your income tax return. How far back can you amend tax returns  This publication will explain these three things and show you what to do on your tax return if you have not done the first two. How far back can you amend tax returns This publication will also show you how to treat allocated tips. How far back can you amend tax returns Comments and suggestions. How far back can you amend tax returns   We welcome your comments about this publication and your suggestions for future editions. How far back can you amend tax returns   You can write to us at the following address: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. How far back can you amend tax returns NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. How far back can you amend tax returns Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. How far back can you amend tax returns   You can send your comments from www. How far back can you amend tax returns irs. How far back can you amend tax returns gov/formspubs/. How far back can you amend tax returns Click on “More Information” and then on “Comment on Tax Forms and Publications”. How far back can you amend tax returns   Although we cannot respond individually to each comment received, we do appreciate your feedback and will consider your comments as we revise our tax products. How far back can you amend tax returns Ordering forms and publications. How far back can you amend tax returns   Visit www. How far back can you amend tax returns irs. How far back can you amend tax returns gov/formspubs/ to download forms and publications, call 1-800-TAX-FORM (1-800-829-3676), or write to the address below and receive a response within 10 days after your request is received. How far back can you amend tax returns Internal Revenue Service 1201 N. How far back can you amend tax returns Mitsubishi Motorway Bloomington, IL 61705-6613 Tax questions. How far back can you amend tax returns   If you have a tax question, check the information available on IRS. How far back can you amend tax returns gov or call 1-800-829-1040. How far back can you amend tax returns We cannot answer tax questions sent to either of the above addresses. How far back can you amend tax returns Prev  Up  Next   Home   More Online Publications
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The How Far Back Can You Amend Tax Returns

How far back can you amend tax returns 15. How far back can you amend tax returns   Selling Your Home Table of Contents Reminder Introduction Useful Items - You may want to see: Main Home Figuring Gain or LossSelling Price Amount Realized Adjusted Basis Amount of Gain or Loss Dispositions Other Than Sales Determining Basis Excluding the GainMaximum Exclusion Ownership and Use Tests Reduced Maximum Exclusion Business Use or Rental of Home Reporting the SaleSeller-financed mortgage. How far back can you amend tax returns More information. How far back can you amend tax returns Special SituationsException for sales to related persons. How far back can you amend tax returns Recapturing (Paying Back) a Federal Mortgage Subsidy Reminder Home sold with undeducted points. How far back can you amend tax returns  If you have not deducted all the points you paid to secure a mortgage on your old home, you may be able to deduct the remaining points in the year of the sale. How far back can you amend tax returns See Mortgage ending early under Points in chapter 23. How far back can you amend tax returns Introduction This chapter explains the tax rules that apply when you sell your main home. How far back can you amend tax returns In most cases, your main home is the one in which you live most of the time. How far back can you amend tax returns If you sold your main home in 2013, you may be able to exclude from income any gain up to a limit of $250,000 ($500,000 on a joint return in most cases). How far back can you amend tax returns See Excluding the Gain , later. How far back can you amend tax returns Generally, if you can exclude all the gain, you do not need to report the sale on your tax return. How far back can you amend tax returns If you have gain that cannot be excluded, it is taxable. How far back can you amend tax returns Report it on Form 8949, Sales and Other Dispositions of Capital Assets, and Schedule D (Form 1040). How far back can you amend tax returns You may also have to complete Form 4797, Sales of Business Property. How far back can you amend tax returns See Reporting the Sale , later. How far back can you amend tax returns If you have a loss on the sale, you generally cannot deduct it on your return. How far back can you amend tax returns However, you may need to report it. How far back can you amend tax returns See Reporting the Sale , later. How far back can you amend tax returns The following are main topics in this chapter. How far back can you amend tax returns Figuring gain or loss. How far back can you amend tax returns Basis. How far back can you amend tax returns Excluding the gain. How far back can you amend tax returns Ownership and use tests. How far back can you amend tax returns Reporting the sale. How far back can you amend tax returns Other topics include the following. How far back can you amend tax returns Business use or rental of home. How far back can you amend tax returns Recapturing a federal mortgage subsidy. How far back can you amend tax returns Useful Items - You may want to see: Publication 523 Selling Your Home 530 Tax Information for Homeowners 547 Casualties, Disasters, and Thefts Form (and Instructions) Schedule D (Form 1040) Capital Gains and Losses 982 Reduction of Tax Attributes Due to Discharge of Indebtedness 8828 Recapture of Federal Mortgage Subsidy 8949 Sales and Other Dispositions of Capital Assets Main Home This section explains the term “main home. How far back can you amend tax returns ” Usually, the home you live in most of the time is your main home and can be a: House, Houseboat, Mobile home, Cooperative apartment, or Condominium. How far back can you amend tax returns To exclude gain under the rules of this chapter, you in most cases must have owned and lived in the property as your main home for at least 2 years during the 5-year period ending on the date of sale. How far back can you amend tax returns Land. How far back can you amend tax returns   If you sell the land on which your main home is located, but not the house itself, you cannot exclude any gain you have from the sale of the land. How far back can you amend tax returns However, if you sell vacant land used as part of your main home and that is adjacent to it, you may be able to exclude the gain from the sale under certain circumstances. How far back can you amend tax returns See Vacant land under Main Home in Publication 523 for more information. How far back can you amend tax returns Example. How far back can you amend tax returns You buy a piece of land and move your main home to it. How far back can you amend tax returns Then you sell the land on which your main home was located. How far back can you amend tax returns This sale is not considered a sale of your main home, and you cannot exclude any gain on the sale of the land. How far back can you amend tax returns More than one home. How far back can you amend tax returns   If you have more than one home, you can exclude gain only from the sale of your main home. How far back can you amend tax returns You must include in income gain from the sale of any other home. How far back can you amend tax returns If you have two homes and live in both of them, your main home is ordinarily the one you live in most of the time during the year. How far back can you amend tax returns Example 1. How far back can you amend tax returns You own two homes, one in New York and one in Florida. How far back can you amend tax returns From 2009 through 2013, you live in the New York home for 7 months and in the Florida residence for 5 months of each year. How far back can you amend tax returns In the absence of facts and circumstances indicating otherwise, the New York home is your main home. How far back can you amend tax returns You would be eligible to exclude the gain from the sale of the New York home but not of the Florida home in 2013. How far back can you amend tax returns Example 2. How far back can you amend tax returns You own a house, but you live in another house that you rent. How far back can you amend tax returns The rented house is your main home. How far back can you amend tax returns Example 3. How far back can you amend tax returns You own two homes, one in Virginia and one in New Hampshire. How far back can you amend tax returns In 2009 and 2010, you lived in the Virginia home. How far back can you amend tax returns In 2011 and 2012, you lived in the New Hampshire home. How far back can you amend tax returns In 2013, you lived again in the Virginia home. How far back can you amend tax returns Your main home in 2009, 2010, and 2013 is the Virginia home. How far back can you amend tax returns Your main home in 2011 and 2012 is the New Hampshire home. How far back can you amend tax returns You would be eligible to exclude gain from the sale of either home (but not both) in 2013. How far back can you amend tax returns Property used partly as your main home. How far back can you amend tax returns   If you use only part of the property as your main home, the rules discussed in this publication apply only to the gain or loss on the sale of that part of the property. How far back can you amend tax returns For details, see Business Use or Rental of Home , later. How far back can you amend tax returns Figuring Gain or Loss To figure the gain or loss on the sale of your main home, you must know the selling price, the amount realized, and the adjusted basis. How far back can you amend tax returns Subtract the adjusted basis from the amount realized to get your gain or loss. How far back can you amend tax returns     Selling price     − Selling expenses       Amount realized       Amount realized     − Adjusted basis       Gain or loss   Selling Price The selling price is the total amount you receive for your home. How far back can you amend tax returns It includes money and the fair market value of any other property or any other services you receive and all notes, mortgages or other debts assumed by the buyer as part of the sale. How far back can you amend tax returns Payment by employer. How far back can you amend tax returns   You may have to sell your home because of a job transfer. How far back can you amend tax returns If your employer pays you for a loss on the sale or for your selling expenses, do not include the payment as part of the selling price. How far back can you amend tax returns Your employer will include it as wages in box 1 of your Form W-2, and you will include it in your income on Form 1040, line 7. How far back can you amend tax returns Option to buy. How far back can you amend tax returns   If you grant an option to buy your home and the option is exercised, add the amount you receive for the option to the selling price of your home. How far back can you amend tax returns If the option is not exercised, you must report the amount as ordinary income in the year the option expires. How far back can you amend tax returns Report this amount on Form 1040, line 21. How far back can you amend tax returns Form 1099-S. How far back can you amend tax returns   If you received Form 1099-S, Proceeds From Real Estate Transactions, box 2 (Gross proceeds) should show the total amount you received for your home. How far back can you amend tax returns   However, box 2 will not include the fair market value of any services or property other than cash or notes you received or will receive. How far back can you amend tax returns Instead, box 4 will be checked to indicate your receipt or expected receipt of these items. How far back can you amend tax returns Amount Realized The amount realized is the selling price minus selling expenses. How far back can you amend tax returns Selling expenses. How far back can you amend tax returns   Selling expenses include: Commissions, Advertising fees, Legal fees, and Loan charges paid by the seller, such as loan placement fees or “points. How far back can you amend tax returns ” Adjusted Basis While you owned your home, you may have made adjustments (increases or decreases) to the basis. How far back can you amend tax returns This adjusted basis must be determined before you can figure gain or loss on the sale of your home. How far back can you amend tax returns For information on how to figure your home's adjusted basis, see Determining Basis , later. How far back can you amend tax returns Amount of Gain or Loss To figure the amount of gain or loss, compare the amount realized to the adjusted basis. How far back can you amend tax returns Gain on sale. How far back can you amend tax returns   If the amount realized is more than the adjusted basis, the difference is a gain and, except for any part you can exclude, in most cases is taxable. How far back can you amend tax returns Loss on sale. How far back can you amend tax returns   If the amount realized is less than the adjusted basis, the difference is a loss. How far back can you amend tax returns A loss on the sale of your main home cannot be deducted. How far back can you amend tax returns Jointly owned home. How far back can you amend tax returns   If you and your spouse sell your jointly owned home and file a joint return, you figure your gain or loss as one taxpayer. How far back can you amend tax returns Separate returns. How far back can you amend tax returns   If you file separate returns, each of you must figure your own gain or loss according to your ownership interest in the home. How far back can you amend tax returns Your ownership interest is generally determined by state law. How far back can you amend tax returns Joint owners not married. How far back can you amend tax returns   If you and a joint owner other than your spouse sell your jointly owned home, each of you must figure your own gain or loss according to your ownership interest in the home. How far back can you amend tax returns Each of you applies the rules discussed in this chapter on an individual basis. How far back can you amend tax returns Dispositions Other Than Sales Some special rules apply to other dispositions of your main home. How far back can you amend tax returns Foreclosure or repossession. How far back can you amend tax returns   If your home was foreclosed on or repossessed, you have a disposition. How far back can you amend tax returns See Publication 4681, Canceled Debts, Foreclosures, Repossessions, and Abandonments, to determine if you have ordinary income, gain, or loss. How far back can you amend tax returns Abandonment. How far back can you amend tax returns   If you abandon your home, see Publication 4681 to determine if you have ordinary income, gain, or loss. How far back can you amend tax returns Trading (exchanging) homes. How far back can you amend tax returns   If you trade your old home for another home, treat the trade as a sale and a purchase. How far back can you amend tax returns Example. How far back can you amend tax returns You owned and lived in a home with an adjusted basis of $41,000. How far back can you amend tax returns A real estate dealer accepted your old home as a trade-in and allowed you $50,000 toward a new home priced at $80,000. How far back can you amend tax returns This is treated as a sale of your old home for $50,000 with a gain of $9,000 ($50,000 – $41,000). How far back can you amend tax returns If the dealer had allowed you $27,000 and assumed your unpaid mortgage of $23,000 on your old home, your sales price would still be $50,000 (the $27,000 trade-in allowed plus the $23,000 mortgage assumed). How far back can you amend tax returns Transfer to spouse. How far back can you amend tax returns   If you transfer your home to your spouse or you transfer it to your former spouse incident to your divorce, you in most cases have no gain or loss. How far back can you amend tax returns This is true even if you receive cash or other consideration for the home. How far back can you amend tax returns As a result, the rules in this chapter do not apply. How far back can you amend tax returns More information. How far back can you amend tax returns   If you need more information, see Transfer to spouse in Publication 523 and Property Settlements in Publication 504, Divorced or Separated Individuals. How far back can you amend tax returns Involuntary conversion. How far back can you amend tax returns   You have a disposition when your home is destroyed or condemned and you receive other property or money in payment, such as insurance or a condemnation award. How far back can you amend tax returns This is treated as a sale and you may be able to exclude all or part of any gain from the destruction or condemnation of your home, as explained later under Special Situations . How far back can you amend tax returns Determining Basis You need to know your basis in your home to figure any gain or loss when you sell it. How far back can you amend tax returns Your basis in your home is determined by how you got the home. How far back can you amend tax returns Generally, your basis is its cost if you bought it or built it. How far back can you amend tax returns If you got it in some other way (inheritance, gift, etc. How far back can you amend tax returns ), your basis is generally either its fair market value when you received it or the adjusted basis of the previous owner. How far back can you amend tax returns While you owned your home, you may have made adjustments (increases or decreases) to your home's basis. How far back can you amend tax returns The result of these adjustments is your home's adjusted basis, which is used to figure gain or loss on the sale of your home. How far back can you amend tax returns See Adjusted Basis , later. How far back can you amend tax returns You can find more information on basis and adjusted basis in chapter 13 of this publication and in Publication 523. How far back can you amend tax returns Cost As Basis The cost of property is the amount you paid for it in cash, debt obligations, other property, or services. How far back can you amend tax returns Purchase. How far back can you amend tax returns   If you bought your home, your basis is its cost to you. How far back can you amend tax returns This includes the purchase price and certain settlement or closing costs. How far back can you amend tax returns In most cases, your purchase price includes your down payment and any debt, such as a first or second mortgage or notes you gave the seller in payment for the home. How far back can you amend tax returns If you build, or contract to build, a new home, your purchase price can include costs of construction, as discussed in Publication 523. How far back can you amend tax returns Settlement fees or closing costs. How far back can you amend tax returns   When you bought your home, you may have paid settlement fees or closing costs in addition to the contract price of the property. How far back can you amend tax returns You can include in your basis some of the settlement fees and closing costs you paid for buying the home, but not the fees and costs for getting a mortgage loan. How far back can you amend tax returns A fee paid for buying the home is any fee you would have had to pay even if you paid cash for the home (that is, without the need for financing). How far back can you amend tax returns    Chapter 13 lists some of the settlement fees and closing costs that you can include in the basis of property, including your home. How far back can you amend tax returns It also lists some settlement costs that cannot be included in basis. How far back can you amend tax returns   Also see Publication 523 for additional items and a discussion of basis other than cost. How far back can you amend tax returns Adjusted Basis Adjusted basis is your cost or other basis increased or decreased by certain amounts. How far back can you amend tax returns To figure your adjusted basis, you can use Worksheet 1 in Publication 523. How far back can you amend tax returns Do not use Worksheet 1 if you acquired an interest in your home from a decedent who died in 2010 and whose executor filed Form 8939, Allocation of Increase in Basis for Property Acquired From a Decedent. How far back can you amend tax returns Increases to basis. How far back can you amend tax returns   These include the following. How far back can you amend tax returns Additions and other improvements that have a useful life of more than 1 year. How far back can you amend tax returns Special assessments for local improvements. How far back can you amend tax returns Amounts you spent after a casualty to restore damaged property. How far back can you amend tax returns Improvements. How far back can you amend tax returns   These add to the value of your home, prolong its useful life, or adapt it to new uses. How far back can you amend tax returns You add the cost of additions and other improvements to the basis of your property. How far back can you amend tax returns   For example, putting a recreation room or another bathroom in your unfinished basement, putting up a new fence, putting in new plumbing or wiring, putting on a new roof, or paving your unpaved driveway are improvements. How far back can you amend tax returns An addition to your house, such as a new deck, a sunroom, or a new garage, is also an improvement. How far back can you amend tax returns Repairs. How far back can you amend tax returns   These maintain your home in good condition but do not add to its value or prolong its life. How far back can you amend tax returns You do not add their cost to the basis of your property. How far back can you amend tax returns   Examples of repairs include repainting your house inside or outside, fixing your gutters or floors, repairing leaks or plastering, and replacing broken window panes. How far back can you amend tax returns Decreases to basis. How far back can you amend tax returns   These include the following. How far back can you amend tax returns Discharge of qualified principal residence indebtedness that was excluded from income. How far back can you amend tax returns Some or all of the cancellation of debt income that was excluded due to your bankruptcy or insolvency. How far back can you amend tax returns For details, see Publication 4681. How far back can you amend tax returns Gain you postponed from the sale of a previous home before May 7, 1997. How far back can you amend tax returns Deductible casualty losses. How far back can you amend tax returns Insurance payments you received or expect to receive for casualty losses. How far back can you amend tax returns Payments you received for granting an easement or right-of-way. How far back can you amend tax returns Depreciation allowed or allowable if you used your home for business or rental purposes. How far back can you amend tax returns Energy-related credits allowed for expenditures made on the residence. How far back can you amend tax returns (Reduce the increase in basis otherwise allowable for expenditures on the residence by the amount of credit allowed for those expenditures. How far back can you amend tax returns ) Adoption credit you claimed for improvements added to the basis of your home. How far back can you amend tax returns Nontaxable payments from an adoption assistance program of your employer you used for improvements you added to the basis of your home. How far back can you amend tax returns Energy conservation subsidy excluded from your gross income because you received it (directly or indirectly) from a public utility after 1992 to buy or install any energy conservation measure. How far back can you amend tax returns An energy conservation measure is an installation or modification primarily designed either to reduce consumption of electricity or natural gas or to improve the management of energy demand for a home. How far back can you amend tax returns District of Columbia first-time homebuyer credit (allowed on the purchase of a principal residence in the District of Columbia beginning on August 5, 1997 and before January 1, 2012). How far back can you amend tax returns General sales taxes (allowed beginning 2004 and ending before 2014) claimed as an itemized deduction on Schedule A (Form 1040) that were imposed on the purchase of personal property, such as a houseboat used as your home or a mobile home. How far back can you amend tax returns Discharges of qualified principal residence indebtedness. How far back can you amend tax returns   You may be able to exclude from gross income a discharge of qualified principal residence indebtedness. How far back can you amend tax returns This exclusion applies to discharges made after 2006 and before 2014. How far back can you amend tax returns If you choose to exclude this income, you must reduce (but not below zero) the basis of the principal residence by the amount excluded from your gross income. How far back can you amend tax returns   File Form 982 with your tax return. How far back can you amend tax returns See the form's instructions for detailed information. How far back can you amend tax returns Recordkeeping. How far back can you amend tax returns You should keep records to prove your home's adjusted basis. How far back can you amend tax returns Ordinarily, you must keep records for 3 years after the due date for filing your return for the tax year in which you sold your home. How far back can you amend tax returns But if you sold a home before May 7, 1997, and postponed tax on any gain, the basis of that home affects the basis of the new home you bought. How far back can you amend tax returns Keep records proving the basis of both homes as long as they are needed for tax purposes. How far back can you amend tax returns The records you should keep include: Proof of the home's purchase price and purchase expenses, Receipts and other records for all improvements, additions, and other items that affect the home's adjusted basis, Any worksheets or other computations you used to figure the adjusted basis of the home you sold, the gain or loss on the sale, the exclusion, and the taxable gain, Any Form 982 you filed to report any discharge of qualified principal residence indebtedness, Any Form 2119, Sale of Your Home, you filed to postpone gain from the sale of a previous home before May 7, 1997, and Any worksheets you used to prepare Form 2119, such as the Adjusted Basis of Home Sold Worksheet or the Capital Improvements Worksheet from the Form 2119 instructions, or other source of computations. How far back can you amend tax returns Excluding the Gain You may qualify to exclude from your income all or part of any gain from the sale of your main home. How far back can you amend tax returns This means that, if you qualify, you will not have to pay tax on the gain up to the limit described under Maximum Exclusion , next. How far back can you amend tax returns To qualify, you must meet the ownership and use tests described later. How far back can you amend tax returns You can choose not to take the exclusion by including the gain from the sale in your gross income on your tax return for the year of the sale. How far back can you amend tax returns You can use Worksheet 2 in Publication 523 to figure the amount of your exclusion and your taxable gain, if any. How far back can you amend tax returns If you have any taxable gain from the sale of your home, you may have to increase your withholding or make estimated tax payments. How far back can you amend tax returns See Publication 505, Tax Withholding and Estimated Tax. How far back can you amend tax returns Maximum Exclusion You can exclude up to $250,000 of the gain (other than gain allocated to periods of nonqualified use) on the sale of your main home if all of the following are true. How far back can you amend tax returns You meet the ownership test. How far back can you amend tax returns You meet the use test. How far back can you amend tax returns During the 2-year period ending on the date of the sale, you did not exclude gain from the sale of another home. How far back can you amend tax returns For details on gain allocated to periods of nonqualified use, see Periods of nonqualified use , later. How far back can you amend tax returns You may be able to exclude up to $500,000 of the gain (other than gain allocated to periods of nonqualified use) on the sale of your main home if you are married and file a joint return and meet the requirements listed in the discussion of the special rules for joint returns, later, under Married Persons . How far back can you amend tax returns Ownership and Use Tests To claim the exclusion, you must meet the ownership and use tests. How far back can you amend tax returns This means that during the 5-year period ending on the date of the sale, you must have: Owned the home for at least 2 years (the ownership test), and Lived in the home as your main home for at least 2 years (the use test). How far back can you amend tax returns Exception. How far back can you amend tax returns   If you owned and lived in the property as your main home for less than 2 years, you can still claim an exclusion in some cases. How far back can you amend tax returns However, the maximum amount you may be able to exclude will be reduced. How far back can you amend tax returns See Reduced Maximum Exclusion , later. How far back can you amend tax returns Example 1—home owned and occupied for at least 2 years. How far back can you amend tax returns Mya bought and moved into her main home in September 2011. How far back can you amend tax returns She sold the home at a gain in October 2013. How far back can you amend tax returns During the 5-year period ending on the date of sale in October 2013, she owned and lived in the home for more than 2 years. How far back can you amend tax returns She meets the ownership and use tests. How far back can you amend tax returns Example 2—ownership test met but use test not met. How far back can you amend tax returns Ayden bought a home, lived in it for 6 months, moved out, and never occupied the home again. How far back can you amend tax returns He later sold the home for a gain. How far back can you amend tax returns He owned the home during the entire 5-year period ending on the date of sale. How far back can you amend tax returns He meets the ownership test but not the use test. How far back can you amend tax returns He cannot exclude any part of his gain on the sale unless he qualified for a reduced maximum exclusion (explained later). How far back can you amend tax returns Period of Ownership and Use The required 2 years of ownership and use during the 5-year period ending on the date of the sale do not have to be continuous nor do they both have to occur at the same time. How far back can you amend tax returns You meet the tests if you can show that you owned and lived in the property as your main home for either 24 full months or 730 days (365 × 2) during the 5-year period ending on the date of sale. How far back can you amend tax returns Temporary absence. How far back can you amend tax returns   Short temporary absences for vacations or other seasonal absences, even if you rent out the property during the absences, are counted as periods of use. How far back can you amend tax returns The following examples assume that the reduced maximum exclusion (discussed later) does not apply to the sales. How far back can you amend tax returns Example 1. How far back can you amend tax returns David Johnson, who is single, bought and moved into his home on February 1, 2011. How far back can you amend tax returns Each year during 2011 and 2012, David left his home for a 2-month summer vacation. How far back can you amend tax returns David sold the house on March 1, 2013. How far back can you amend tax returns Although the total time David used his home is less than 2 years (21 months), he meets the requirement and may exclude gain. How far back can you amend tax returns The 2-month vacations are short temporary absences and are counted as periods of use in determining whether David used the home for the required 2 years. How far back can you amend tax returns Example 2. How far back can you amend tax returns Professor Paul Beard, who is single, bought and moved into a house on August 18, 2010. How far back can you amend tax returns He lived in it as his main home continuously until January 5, 2012, when he went abroad for a 1-year sabbatical leave. How far back can you amend tax returns On February 6, 2013, 1 month after returning from the leave, Paul sold the house at a gain. How far back can you amend tax returns Because his leave was not a short temporary absence, he cannot include the period of leave to meet the 2-year use test. How far back can you amend tax returns He cannot exclude any part of his gain, because he did not use the residence for the required 2 years. How far back can you amend tax returns Ownership and use tests met at different times. How far back can you amend tax returns   You can meet the ownership and use tests during different 2-year periods. How far back can you amend tax returns However, you must meet both tests during the 5-year period ending on the date of the sale. How far back can you amend tax returns Example. How far back can you amend tax returns Beginning in 2002, Helen Jones lived in a rented apartment. How far back can you amend tax returns The apartment building was later converted to condominiums, and she bought her same apartment on December 3, 2010. How far back can you amend tax returns In 2011, Helen became ill and on April 14 of that year she moved to her daughter's home. How far back can you amend tax returns On July 12, 2013, while still living in her daughter's home, she sold her condominium. How far back can you amend tax returns Helen can exclude gain on the sale of her condominium because she met the ownership and use tests during the 5-year period from July 13, 2008, to July 12, 2013, the date she sold the condominium. How far back can you amend tax returns She owned her condominium from December 3, 2010, to July 12, 2013 (more than 2 years). How far back can you amend tax returns She lived in the property from July 13, 2008 (the beginning of the 5-year period), to April 14, 2011 (more than 2 years). How far back can you amend tax returns The time Helen lived in her daughter's home during the 5-year period can be counted toward her period of ownership, and the time she lived in her rented apartment during the 5-year period can be counted toward her period of use. How far back can you amend tax returns Cooperative apartment. How far back can you amend tax returns   If you sold stock as a tenant-stockholder in a cooperative housing corporation, the ownership and use tests are met if, during the 5-year period ending on the date of sale, you: Owned the stock for at least 2 years, and Lived in the house or apartment that the stock entitles you to occupy as your main home for at least 2 years. How far back can you amend tax returns Exceptions to Ownership and Use Tests The following sections contain exceptions to the ownership and use tests for certain taxpayers. How far back can you amend tax returns Exception for individuals with a disability. How far back can you amend tax returns   There is an exception to the use test if: You become physically or mentally unable to care for yourself, and You owned and lived in your home as your main home for a total of at least 1 year during the 5-year period before the sale of your home. How far back can you amend tax returns Under this exception, you are considered to live in your home during any time within the 5-year period that you own the home and live in a facility (including a nursing home) licensed by a state or political subdivision to care for persons in your condition. How far back can you amend tax returns If you meet this exception to the use test, you still have to meet the 2-out-of-5-year ownership test to claim the exclusion. How far back can you amend tax returns Previous home destroyed or condemned. How far back can you amend tax returns   For the ownership and use tests, you add the time you owned and lived in a previous home that was destroyed or condemned to the time you owned and lived in the replacement home on whose sale you wish to exclude gain. How far back can you amend tax returns This rule applies if any part of the basis of the home you sold depended on the basis of the destroyed or condemned home. How far back can you amend tax returns Otherwise, you must have owned and lived in the same home for 2 of the 5 years before the sale to qualify for the exclusion. How far back can you amend tax returns Members of the uniformed services or Foreign Service, employees of the intelligence community, or employees or volunteers of the Peace Corps. How far back can you amend tax returns   You can choose to have the 5-year test period for ownership and use suspended during any period you or your spouse serve on “qualified official extended duty” as a member of the uniformed services or Foreign Service of the United States, or as an employee of the intelligence community. How far back can you amend tax returns You can choose to have the 5-year test period for ownership and use suspended during any period you or your spouse serve outside the United States either as an employee of the Peace Corps on "qualified official extended duty" or as an enrolled volunteer or volunteer leader of the Peace Corps. How far back can you amend tax returns This means that you may be able to meet the 2-year use test even if, because of your service, you did not actually live in your home for at least the required 2 years during the 5-year period ending on the date of sale. How far back can you amend tax returns   If this helps you qualify to exclude gain, you can choose to have the 5-year test period suspended by filing a return for the year of sale that does not include the gain. How far back can you amend tax returns For more information about the suspension of the 5-year test period, see Members of the uniformed services or Foreign Service, employees of the intelligence community, or employees or volunteers of the Peace Corps in Publication 523. How far back can you amend tax returns Married Persons If you and your spouse file a joint return for the year of sale and one spouse meets the ownership and use tests, you can exclude up to $250,000 of the gain. How far back can you amend tax returns (But see Special rules for joint returns , next. How far back can you amend tax returns ) Special rules for joint returns. How far back can you amend tax returns   You can exclude up to $500,000 of the gain on the sale of your main home if all of the following are true. How far back can you amend tax returns You are married and file a joint return for the year. How far back can you amend tax returns Either you or your spouse meets the ownership test. How far back can you amend tax returns Both you and your spouse meet the use test. How far back can you amend tax returns During the 2-year period ending on the date of the sale, neither you nor your spouse excluded gain from the sale of another home. How far back can you amend tax returns If either spouse does not satisfy all these requirements, the maximum exclusion that can be claimed by the couple is the total of the maximum exclusions that each spouse would qualify for if not married and the amounts were figured separately. How far back can you amend tax returns For this purpose, each spouse is treated as owning the property during the period that either spouse owned the property. How far back can you amend tax returns Example 1—one spouse sells a home. How far back can you amend tax returns Emily sells her home in June 2013 for a gain of $300,000. How far back can you amend tax returns She marries Jamie later in the year. How far back can you amend tax returns She meets the ownership and use tests, but Jamie does not. How far back can you amend tax returns Emily can exclude up to $250,000 of gain on a separate or joint return for 2013. How far back can you amend tax returns The $500,000 maximum exclusion for certain joint returns does not apply because Jamie does not meet the use test. How far back can you amend tax returns Example 2—each spouse sells a home. How far back can you amend tax returns The facts are the same as in Example 1 except that Jamie also sells a home in 2013 for a gain of $200,000 before he marries Emily. How far back can you amend tax returns He meets the ownership and use tests on his home, but Emily does not. How far back can you amend tax returns Emily can exclude $250,000 of gain and Jamie can exclude $200,000 of gain on the respective sales of their individual homes. How far back can you amend tax returns However, Emily cannot use Jamie's unused exclusion to exclude more than $250,000 of gain. How far back can you amend tax returns Therefore, Emily and Jamie must recognize $50,000 of gain on the sale of Emily's home. How far back can you amend tax returns The $500,000 maximum exclusion for certain joint returns does not apply because Emily and Jamie do not both meet the use test for the same home. How far back can you amend tax returns Sale of main home by surviving spouse. How far back can you amend tax returns   If your spouse died and you did not remarry before the date of sale, you are considered to have owned and lived in the property as your main home during any period of time when your spouse owned and lived in it as a main home. How far back can you amend tax returns   If you meet all of the following requirements, you may qualify to exclude up to $500,000 of any gain from the sale or exchange of your main home. How far back can you amend tax returns The sale or exchange took place after 2008. How far back can you amend tax returns The sale or exchange took place no more than 2 years after the date of death of your spouse. How far back can you amend tax returns You have not remarried. How far back can you amend tax returns You and your spouse met the use test at the time of your spouse's death. How far back can you amend tax returns You or your spouse met the ownership test at the time of your spouse's death. How far back can you amend tax returns Neither you nor your spouse excluded gain from the sale of another home during the last 2 years. How far back can you amend tax returns Example. How far back can you amend tax returns   Harry owned and used a house as his main home since 2009. How far back can you amend tax returns Harry and Wilma married on July 1, 2013, and from that date they use Harry's house as their main home. How far back can you amend tax returns Harry died on August 15, 2013, and Wilma inherited the property. How far back can you amend tax returns Wilma sold the property on September 3, 2013, at which time she had not remarried. How far back can you amend tax returns Although Wilma owned and used the house for less than 2 years, Wilma is considered to have satisfied the ownership and use tests because her period of ownership and use includes the period that Harry owned and used the property before death. How far back can you amend tax returns Home transferred from spouse. How far back can you amend tax returns   If your home was transferred to you by your spouse (or former spouse if the transfer was incident to divorce), you are considered to have owned it during any period of time when your spouse owned it. How far back can you amend tax returns Use of home after divorce. How far back can you amend tax returns   You are considered to have used property as your main home during any period when: You owned it, and Your spouse or former spouse is allowed to live in it under a divorce or separation instrument and uses it as his or her main home. How far back can you amend tax returns Reduced Maximum Exclusion If you fail to meet the requirements to qualify for the $250,000 or $500,000 exclusion, you may still qualify for a reduced exclusion. How far back can you amend tax returns This applies to those who: Fail to meet the ownership and use tests, or Have used the exclusion within 2 years of selling their current home. How far back can you amend tax returns In both cases, to qualify for a reduced exclusion, the sale of your main home must be due to one of the following reasons. How far back can you amend tax returns A change in place of employment. How far back can you amend tax returns Health. How far back can you amend tax returns Unforeseen circumstances. How far back can you amend tax returns Unforeseen circumstances. How far back can you amend tax returns   The sale of your main home is because of an unforeseen circumstance if your primary reason for the sale is the occurrence of an event that you could not reasonably have anticipated before buying and occupying your main home. How far back can you amend tax returns   See Publication 523 for more information and to use Worksheet 3 to figure your reduced maximum exclusion. How far back can you amend tax returns Business Use or Rental of Home You may be able to exclude gain from the sale of a home you have used for business or to produce rental income. How far back can you amend tax returns But you must meet the ownership and use tests. How far back can you amend tax returns Periods of nonqualified use. How far back can you amend tax returns   In most cases, gain from the sale or exchange of your main home will not qualify for the exclusion to the extent that the gains are allocated to periods of nonqualified use. How far back can you amend tax returns Nonqualified use is any period after 2008 during which neither you nor your spouse (or your former spouse) used the property as a main home with the following exceptions. How far back can you amend tax returns Exceptions. How far back can you amend tax returns   A period of nonqualified use does not include: Any portion of the 5-year period ending on the date of the sale or exchange after the last date you (or your spouse) use the property as a main home; Any period (not to exceed an aggregate period of 10 years) during which you (or your spouse) are serving on qualified official extended duty: As a member of the uniformed services; As a member of the Foreign Service of the United States; or As an employee of the intelligence community; and Any other period of temporary absence (not to exceed an aggregate period of 2 years) due to change of employment, health conditions, or such other unforeseen circumstances as may be specified by the IRS. How far back can you amend tax returns The gain resulting from the sale of the property is allocated between qualified and nonqualified use periods based on the amount of time the property was held for qualified and nonqualified use. How far back can you amend tax returns Gain from the sale or exchange of a main home allocable to periods of qualified use will continue to qualify for the exclusion for the sale of your main home. How far back can you amend tax returns Gain from the sale or exchange of property allocable to nonqualified use will not qualify for the exclusion. How far back can you amend tax returns Calculation. How far back can you amend tax returns   To figure the portion of the gain allocated to the period of nonqualified use, multiply the gain by the following fraction:   Total nonqualified use during the period of ownership after 2008      Total period of ownership     This calculation can be found in Worksheet 2, line 10, in Publication 523. How far back can you amend tax returns Example 1. How far back can you amend tax returns On May 23, 2007, Amy, who is unmarried for all years in this example, bought a house. How far back can you amend tax returns She moved in on that date and lived in it until May 31, 2009, when she moved out of the house and put it up for rent. How far back can you amend tax returns The house was rented from June 1, 2009, to March 31, 2011. How far back can you amend tax returns Amy claimed depreciation deductions in 2009 through 2011 totaling $10,000. How far back can you amend tax returns Amy moved back into the house on April 1, 2011, and lived there until she sold it on January 31, 2013, for a gain of $200,000. How far back can you amend tax returns During the 5-year period ending on the date of the sale (January 31, 2008-January 31, 2013), Amy owned and lived in the house for more than 2 years as shown in the following table. How far back can you amend tax returns Five Year Period Used as  Home Used as  Rental 1/31/08 – 5/31/09 16 months       6/1/09 – 3/31/11   22 months 4/1/11 – 1/31/13 22 months         38 months 22 months During the period Amy owned the house (2,080 days), her period of nonqualified use was 668 days. How far back can you amend tax returns Amy divides 668 by 2,080 and obtains a decimal (rounded to at least three decimal places) of 0. How far back can you amend tax returns 321. How far back can you amend tax returns To figure her gain attributable to the period of nonqualified use, she multiplies $190,000 (the gain not attributable to the $10,000 depreciation deduction) by 0. How far back can you amend tax returns 321. How far back can you amend tax returns Because the gain attributable to periods of nonqualified use is $60,990, Amy can exclude $129,010 of her gain. How far back can you amend tax returns Example 2. How far back can you amend tax returns William owned and used a house as his main home from 2007 through 2010. How far back can you amend tax returns On January 1, 2011, he moved to another state. How far back can you amend tax returns He rented his house from that date until April 30, 2013, when he sold it. How far back can you amend tax returns During the 5-year period ending on the date of sale (May 1, 2008-April 30, 2013), William owned and lived in the house for more than 2 years. How far back can you amend tax returns He must report the sale on Form 4797 because it was rental property at the time of sale. How far back can you amend tax returns Because the period of nonqualified use does not include any part of the 5-year period after the last date William lived in the house, he has no period of nonqualified use. How far back can you amend tax returns Because he met the ownership and use tests, he can exclude gain up to $250,000. How far back can you amend tax returns However, he cannot exclude the part of the gain equal to the depreciation he claimed or could have claimed for renting the house, as explained next. How far back can you amend tax returns Depreciation after May 6, 1997. How far back can you amend tax returns   If you were entitled to take depreciation deductions because you used your home for business purposes or as rental property, you cannot exclude the part of your gain equal to any depreciation allowed or allowable as a deduction for periods after May 6, 1997. How far back can you amend tax returns If you can show by adequate records or other evidence that the depreciation allowed was less than the amount allowable, then you may limit the amount of gain recognized to the depreciation allowed. How far back can you amend tax returns See Publication 544 for more information. How far back can you amend tax returns Property used partly for business or rental. How far back can you amend tax returns   If you used property partly as a home and partly for business or to produce rental income, see Publication 523. How far back can you amend tax returns Reporting the Sale Do not report the 2013 sale of your main home on your tax return unless: You have a gain and do not qualify to exclude all of it, You have a gain and choose not to exclude it, or You received Form 1099-S. How far back can you amend tax returns If any of these conditions apply, report the entire gain or loss. How far back can you amend tax returns For details on how to report the gain or loss, see the Instructions for Schedule D (Form 1040) and the Instructions for Form 8949. How far back can you amend tax returns If you used the home for business or to produce rental income, you may have to use Form 4797 to report the sale of the business or rental part (or the sale of the entire property if used entirely for business or rental). How far back can you amend tax returns See Business Use or Rental of Home in Publication 523 and the Instructions for Form 4797. How far back can you amend tax returns Installment sale. How far back can you amend tax returns    Some sales are made under arrangements that provide for part or all of the selling price to be paid in a later year. How far back can you amend tax returns These sales are called “installment sales. How far back can you amend tax returns ” If you finance the buyer's purchase of your home yourself instead of having the buyer get a loan or mortgage from a bank, you probably have an installment sale. How far back can you amend tax returns You may be able to report the part of the gain you cannot exclude on the installment basis. How far back can you amend tax returns    Use Form 6252, Installment Sale Income, to report the sale. How far back can you amend tax returns Enter your exclusion on line 15 of Form 6252. How far back can you amend tax returns Seller-financed mortgage. How far back can you amend tax returns   If you sell your home and hold a note, mortgage, or other financial agreement, the payments you receive in most cases consist of both interest and principal. How far back can you amend tax returns You must separately report as interest income the interest you receive as part of each payment. How far back can you amend tax returns If the buyer of your home uses the property as a main or second home, you must also report the name, address, and social security number (SSN) of the buyer on line 1 of Schedule B (Form 1040A or 1040). How far back can you amend tax returns The buyer must give you his or her SSN, and you must give the buyer your SSN. How far back can you amend tax returns Failure to meet these requirements may result in a $50 penalty for each failure. How far back can you amend tax returns If either you or the buyer does not have and is not eligible to get an SSN, see Social Security Number in chapter 1. How far back can you amend tax returns More information. How far back can you amend tax returns   For more information on installment sales, see Publication 537, Installment Sales. How far back can you amend tax returns Special Situations The situations that follow may affect your exclusion. How far back can you amend tax returns Sale of home acquired in a like-kind exchange. How far back can you amend tax returns   You cannot claim the exclusion if: You acquired your home in a like-kind exchange (also known as a section 1031 exchange), or your basis in your home is determined by reference to the basis of the home in the hands of the person who acquired the property in a like-kind exchange (for example, you received the home from that person as a gift), and You sold the home during the 5-year period beginning with the date your home was acquired in the like-kind exchange. How far back can you amend tax returns Gain from a like-kind exchange is not taxable at the time of the exchange. How far back can you amend tax returns This means that gain will not be taxed until you sell or otherwise dispose of the property you receive. How far back can you amend tax returns To defer gain from a like-kind exchange, you must have exchanged business or investment property for business or investment property of a like kind. How far back can you amend tax returns For more information about like-kind exchanges, see Publication 544, Sales and Other Dispositions of Assets. How far back can you amend tax returns Home relinquished in a like-kind exchange. How far back can you amend tax returns   If you use your main home partly for business or rental purposes and then exchange the home for another property, see Publication 523. How far back can you amend tax returns Expatriates. How far back can you amend tax returns   You cannot claim the exclusion if the expatriation tax applies to you. How far back can you amend tax returns The expatriation tax applies to certain U. How far back can you amend tax returns S. How far back can you amend tax returns citizens who have renounced their citizenship (and to certain long-term residents who have ended their residency). How far back can you amend tax returns For more information about the expatriation tax, see Expatriation Tax in chapter 4 of Publication 519, U. How far back can you amend tax returns S. How far back can you amend tax returns Tax Guide for Aliens. How far back can you amend tax returns Home destroyed or condemned. How far back can you amend tax returns   If your home was destroyed or condemned, any gain (for example, because of insurance proceeds you received) qualifies for the exclusion. How far back can you amend tax returns   Any part of the gain that cannot be excluded (because it is more than the maximum exclusion) can be postponed under the rules explained in: Publication 547, in the case of a home that was destroyed, or Publication 544, chapter 1, in the case of a home that was condemned. How far back can you amend tax returns Sale of remainder interest. How far back can you amend tax returns   Subject to the other rules in this chapter, you can choose to exclude gain from the sale of a remainder interest in your home. How far back can you amend tax returns If you make this choice, you cannot choose to exclude gain from your sale of any other interest in the home that you sell separately. How far back can you amend tax returns Exception for sales to related persons. How far back can you amend tax returns   You cannot exclude gain from the sale of a remainder interest in your home to a related person. How far back can you amend tax returns Related persons include your brothers, sisters, half-brothers, half-sisters, spouse, ancestors (parents, grandparents, etc. How far back can you amend tax returns ), and lineal descendants (children, grandchildren, etc. How far back can you amend tax returns ). How far back can you amend tax returns Related persons also include certain corporations, partnerships, trusts, and exempt organizations. How far back can you amend tax returns Recapturing (Paying Back) a Federal Mortgage Subsidy If you financed your home under a federally subsidized program (loans from tax-exempt qualified mortgage bonds or loans with mortgage credit certificates), you may have to recapture all or part of the benefit you received from that program when you sell or otherwise dispose of your home. How far back can you amend tax returns You recapture the benefit by increasing your federal income tax for the year of the sale. How far back can you amend tax returns You may have to pay this recapture tax even if you can exclude your gain from income under the rules discussed earlier; that exclusion does not affect the recapture tax. How far back can you amend tax returns Loans subject to recapture rules. How far back can you amend tax returns   The recapture applies to loans that: Came from the proceeds of qualified mortgage bonds, or Were based on mortgage credit certificates. How far back can you amend tax returns The recapture also applies to assumptions of these loans. How far back can you amend tax returns When recapture applies. How far back can you amend tax returns   Recapture of the federal mortgage subsidy applies only if you meet both of the following conditions. How far back can you amend tax returns You sell or otherwise dispose of your home at a gain within the first 9 years after the date you close your mortgage loan. How far back can you amend tax returns Your income for the year of disposition is more than that year's adjusted qualifying income for your family size for that year (related to the income requirements a person must meet to qualify for the federally subsidized program). How far back can you amend tax returns When recapture does not apply. How far back can you amend tax returns   Recapture does not apply in any of the following situations. How far back can you amend tax returns Your mortgage loan was a qualified home improvement loan (QHIL) of not more than $15,000 used for alterations, repairs, and improvements that protect or improve the basic livability or energy efficiency of your home. How far back can you amend tax returns Your mortgage loan was a QHIL of not more than $150,000 in the case of a QHIL used to repair damage from Hurricane Katrina to homes in the hurricane disaster area; a QHIL funded by a qualified mortgage bond that is a qualified Gulf Opportunity Zone Bond; or a QHIL for an owner-occupied home in the Gulf Opportunity Zone (GO Zone), Rita GO Zone, or Wilma GO Zone. How far back can you amend tax returns For more information, see Publication 4492, Information for Taxpayers Affected by Hurricanes Katrina, Rita, and Wilma. How far back can you amend tax returns Also see Publication 4492-B, Information for Affected Taxpayers in the Midwestern Disaster Areas. How far back can you amend tax returns The home is disposed of as a result of your death. How far back can you amend tax returns You dispose of the home more than 9 years after the date you closed your mortgage loan. How far back can you amend tax returns You transfer the home to your spouse, or to your former spouse incident to a divorce, where no gain is included in your income. How far back can you amend tax returns You dispose of the home at a loss. How far back can you amend tax returns Your home is destroyed by a casualty, and you replace it on its original site within 2 years after the end of the tax year when the destruction happened. How far back can you amend tax returns The replacement period is extended for main homes destroyed in a federally declared disaster area, a Midwestern disaster area, the Kansas disaster area, and the Hurricane Katrina disaster area. How far back can you amend tax returns For more information, see Replacement Period in Publication 547. How far back can you amend tax returns You refinance your mortgage loan (unless you later meet the conditions listed previously under When recapture applies ). How far back can you amend tax returns Notice of amounts. How far back can you amend tax returns   At or near the time of settlement of your mortgage loan, you should receive a notice that provides the federally subsidized amount and other information you will need to figure your recapture tax. How far back can you amend tax returns How to figure and report the recapture. How far back can you amend tax returns    The recapture tax is figured on Form 8828. How far back can you amend tax returns If you sell your home and your mortgage is subject to recapture rules, you must file Form 8828 even if you do not owe a recapture tax. How far back can you amend tax returns Attach Form 8828 to your Form 1040. How far back can you amend tax returns For more information, see Form 8828 and its instructions. 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