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How to amend taxes Publicación 4492(SP) - Main Contents Tabla de contenidos DefinicionesZona de Desastre del Huracán Katrina Zona de Desastre del Huracán Katrina con Cobertura Zona de Oportunidad del Golfo (GO) (Zona Central del Desastre) Zona de Desastre del Huracán Rita (Zona de Desastre de Rita con Cobertura) Zona GO de Rita Zona de Desastre del Huracán Wilma Zona de Desastre del Huracán Wilma con Cobertura Zona GO de Wilma Prórrogas de las Fechas de Vencimiento Tributarias Incentivos por Contribuciones CaritativasSuspensión Temporal de los Límites sobre las Contribuciones Caritativas Tasa Estándar por Milla para el Uso de Vehículos para Fines Caritativos Reembolsos de Millas a Voluntarios que Prestaron Servicios con Fines Caritativos Deducción Caritativa por Contribuciones de Inventario de Alimentos Deducción Caritativa por Contribuciones de Inventarios de Libros a Escuelas Públicas Pérdidas por Hechos Fortuitos y RobosPlazo para hacer la elección. How to amend taxes Período de Reposición para que las Ganancias no sean Reconocidas Pérdidas Netas de Operación Las Cuentas IRA y Otros Planes de JubilaciónDefiniciones Tributación de Distribuciones Calificadas por Motivos de un Huracán Reintegro de Distribuciones Calificadas por Motivos de un Huracán Reintegro de Distribuciones Calificadas por la Compra o Construcción de un Hogar Principal Préstamos Provenientes de Planes Calificados Alivio Tributario Adicional para Personas FísicasCrédito por Ingreso del Trabajo y Crédito Tributario por Hijos Exenciones Adicionales por la Provisión de Vivienda para Personas que Tuvieron que Abandonar sus Hogares por Causa del Huracán Katrina Créditos Tributarios por Enseñanza Superior Recuperación del Subsidio Hipotecario Federal Exclusión de Ciertas Cancelaciones de Endeudamiento por Motivos del Huracán Katrina Alivio Tributario para la Reubicación Temporal Alivio Tributario Adicional para Empresas Asignación (Descuento) Especial de Depreciación Mayor Deducción Conforme a la Sección 179 Crédito por Oportunidad de Trabajo Créditos por la Retención de Empleados Crédito por Vivienda del Huracán Katrina Costos de Reforestación Costos de Demolición y Limpieza Aumento del Crédito Tributario por Rehabilitación Solicitud de Copia o Apógrafo de la Declaración de Impuestos Cómo Obtener Ayuda con los Impuestos Definiciones En esta publicación se utilizarán las siguientes definiciones: Zona de Desastre del Huracán Katrina La zona de desastre del huracán Katrina abarca el área que el Presidente declaró zona mayor de desastre debido al huracán Katrina, antes del 14 de septiembre del 2005. How to amend taxes La zona de desastre del huracán Katrina abarca los estados de Alabama, Florida, Louisiana y Mississippi en su totalidad. How to amend taxes Zona de Desastre del Huracán Katrina con Cobertura El IRS ha designado una parte de la zona del huracán Katrina como zona de desastre con cobertura. How to amend taxes La zona de desastre del huracán Katrina con cobertura abarca las siguientes áreas en cuatro estados distintos: Alabama. How to amend taxes   Los condados de Baldwin, Bibb, Choctaw, Clarke, Colbert, Cullman, Greene, Hale, Jefferson, Lamar, Lauderdale, Marengo, Marion, Mobile, Monroe, Perry, Pickens, Sumter, Tuscaloosa, Washington, Wilcox y Winston. How to amend taxes Florida. How to amend taxes   Los condados de Bay, Broward, Collier, Escambia, Franklin, Gulf, Miami-Dade, Monroe, Okaloosa, Santa Rosa y Walton. How to amend taxes Louisiana. How to amend taxes   Todas las parroquias. How to amend taxes Mississippi. How to amend taxes   Todos los condados. How to amend taxes Zona de Oportunidad del Golfo (GO) (Zona Central del Desastre) La Zona GO (también denominada zona central del desastre) abarca una parte de la zona de desastre ocasionada por el huracán Katrina que la Agencia Federal para el Manejo de Emergencias (conocida por sus siglas en inglés, FEMA) determinó ser elegible para recibir ayuda individual por sí sola o para recibir ambas ayuda individual y asistencia pública de parte del gobierno federal. How to amend taxes La Zona GO incluye las siguientes áreas en tres estados distintos: Alabama. How to amend taxes   Los condados de Baldwin, Choctaw, Clarke, Greene, Hale, Marengo, Mobile, Pickens, Sumter, Tuscaloosa y Washington. How to amend taxes Louisiana. How to amend taxes   Las parroquias de Acadia, Ascension, Assumption, Calcasieu, Cameron, East Baton Rouge, East Feliciana, Iberia, Iberville, Jefferson, Jefferson Davis, Lafayette, Lafourche, Livingston, Orleans, Plaquemines, Pointe Coupee, St. How to amend taxes Bernard, St. How to amend taxes Charles, St. How to amend taxes Helena, St. How to amend taxes James, St. How to amend taxes John the Baptist, St. How to amend taxes Martin, St. How to amend taxes Mary, St. How to amend taxes Tammany, Tangipahoa, Terrebonne, Vermilion, Washington, West Baton Rouge y West Feliciana. How to amend taxes Mississippi. How to amend taxes   Los condados de Adams, Amite, Attala, Choctaw, Claiborne, Clarke, Copiah, Covington, Forrest, Franklin, George, Greene, Hancock, Harrison, Hinds, Holmes, Humphreys, Jackson, Jasper, Jefferson, Jefferson Davis, Jones, Kemper, Lamar, Lauderdale, Lawrence, Leake, Lincoln, Lowndes, Madison, Marion, Neshoba, Newton, Noxubee, Oktibbeha, Pearl River, Perry, Pike, Rankin, Scott, Simpson, Smith, Stone, Walthall, Warren, Wayne, Wilkinson, Winston y Yazoo. How to amend taxes Zona de Desastre del Huracán Rita (Zona de Desastre de Rita con Cobertura) La zona de desastre del huracán Rita (también designada por el IRS como la zona de desastre de Rita con cobertura) abarca aquella que el Presidente declaró desastre mayor antes del 6 de octubre del 2005 debido al huracán Rita. How to amend taxes La zona de desastre del huracán Rita con cobertura incluye los estados de Louisiana y Texas en su totalidad. How to amend taxes Zona GO de Rita La Zona GO de Rita abarca la parte de la zona del huracán Rita que FEMA determinó ser elegible para recibir asistencia individual por sí sola o para recibir ambas asistencia pública e individual del gobierno federal. How to amend taxes La Zona GO de Rita incluye las siguientes áreas en dos estados: Louisiana. How to amend taxes   Las parroquias de Acadia, Allen, Ascension, Beauregard, Calcasieu, Cameron, Evangeline, Iberia, Jefferson, Jefferson Davis, Lafayette, Lafourche, Livingston, Plaquemines, Sabine, St. How to amend taxes Landry, St. How to amend taxes Martin, St. How to amend taxes Mary, St. How to amend taxes Tammany, Terrebonne, Vermilion, Vernon y West Baton Rouge. How to amend taxes Texas. How to amend taxes   Los condados de Angelina, Brazoria, Chambers, Fort Bend, Galveston, Hardin, Harris, Jasper, Jefferson, Liberty, Montgomery, Nacogdoches, Newton, Orange, Polk, Sabine, San Augustine, San Jacinto, Shelby, Trinity, Tyler y Walker. How to amend taxes Zona de Desastre del Huracán Wilma La zona de desastre del huracán Wilma abarca aquella zona que el Presidente declaró como desastre mayor antes del 14 de noviembre del 2005 debido al huracán Wilma. How to amend taxes La zona de desastre del huracán Wilma abarca el estado de Florida en su totalidad. How to amend taxes Zona de Desastre del Huracán Wilma con Cobertura Una parte de la zona de desastre del huracán Wilma ha sido designada por el IRS como zona de desastre de Wilma con cobertura. How to amend taxes La zona de desastre del huracán Wilma con cobertura incluye los siguientes condados: Florida. How to amend taxes   Brevard, Broward, Charlotte, Collier, DeSoto, Glades, Hardee, Hendry, Highlands, Indian River, Lee, Martin, Miami-Dade, Monroe, Okeechobee, Osceola, Palm Beach, Polk, St. How to amend taxes Lucie y Sarasota. How to amend taxes Zona GO de Wilma La Zona GO de Wilma abarca la parte de la zona del huracán Wilma que FEMA determinó ser elegible para recibir asistencia individual por sí sola o para recibir ambas asistencia pública e individual del gobierno federal. How to amend taxes La Zona GO de Wilma incluye los siguientes condados: Florida. How to amend taxes   Brevard, Broward, Collier, Glades, Hendry, Indian River, Lee, Martin, Miami-Dade, Monroe, Okeechobee, Palm Beach y St. How to amend taxes Lucie. How to amend taxes Prórrogas de las Fechas de Vencimiento Tributarias El IRS ha extendido las fechas de vencimiento aplicables para presentar la declaración de impuestos, el pago de impuestos y para efectuar ciertos trámites que tengan fecha de vencimiento hasta el 28 de febrero del 2006, en el caso de contribuyentes que se vieron afectados por los huracanes Katrina, Rita o Wilma. How to amend taxes La prórroga es aplicable a fechas de vencimiento (fechas de vencimiento originales o prorrogadas) que ocurren durante los períodos siguientes: Después del 28 de agosto del 2005 (23 de agosto del 2005 para los contribuyentes afectados en Florida) y antes del 28 de febrero del 2006 para contribuyentes afectados por el huracán Katrina. How to amend taxes Después del 22 de septiembre del 2005 y antes del 28 de febrero del 2006 para los contribuyentes afectados por el huracán Rita. How to amend taxes Después del 22 de octubre del 2005 y antes del 28 de febrero del 2006 para los contribuyentes afectados por el huracán Wilma. How to amend taxes Contribuyentes afectados. How to amend taxes   Los contribuyentes afectados elegibles para obtener una prórroga son los siguientes: Cualquier persona cuyo hogar principal está ubicado en una zona de desastre con cobertura. How to amend taxes Cualquier entidad comercial o empresario(a) por cuenta propia cuyo lugar principal de trabajo se encuentra en una zona de desastre con cobertura. How to amend taxes Cualquier individuo, entidad comercial o empresario(a) por cuenta propia cuya documentación o registros necesarios para cumplir una determinada fecha de vencimiento prorrogada se encuentran en una zona de desastre con cobertura o cuyo(a) preparador(a) de impuestos tiene su oficina en dicha zona. How to amend taxes El hogar principal o lugar principal de trabajo no necesariamente tiene que estar ubicado en la zona con cobertura. How to amend taxes Cualquier persona que haya visitado un condado o parroquia en la zona de desastre con cobertura del huracán Katrina o Rita que haya sufrido lesiones o haya perecido (y el caudal hereditario de una persona que haya perecido) como consecuencia del huracán o sus daños posteriores. How to amend taxes Cualquier herencia o fideicomiso cuyos registros necesarios para cumplir con una fecha de vencimiento de presentación o pago se encuentran en una zona de desastre con cobertura. How to amend taxes Por lo general, cualquier persona que haya trabajado en las actividades de socorro dentro de una zona de desastre con cobertura. How to amend taxes Sin embargo, un(a) empleado(a) que realiza tareas de socorro en la zona de desastre de Wilma no es considerado(a) un(a) contribuyente afectado(a), a menos que él o ella esté afiliado(a) con un organismo gubernamental o filantrópico reconocido dedicado a ayudar en dichas actividades de socorro. How to amend taxes El o la cónyuge de un(a) contribuyente afectado(a), únicamente en lo que respecta a una declaración conjunta de impuestos. How to amend taxes   A fin de asegurar un procesamiento correcto de la documentación, los contribuyentes afectados deben escribir la designación del desastre pertinente con tinta roja en la parte superior de cualesquier formas o documentos que presenten ante el IRS (por ejemplo: “Hurricane Katrina” (Huracán Katrina)). How to amend taxes Los contribuyentes afectados también pueden identificarse ante el personal del IRS o hacer preguntas relacionadas con el huracán llamando a la línea especial de emergencia en caso de desastres del IRS: 1-866-562-5227. How to amend taxes Actos prorrogados. How to amend taxes   Se han prorrogado las fechas de vencimiento para llevar a cabo lo siguiente: Presentación de declaraciones de impuestos sobre el ingreso, herencias, donaciones, traspasos entre generaciones, impuesto sobre artículos de uso y consumo o impuesto sobre la nómina. How to amend taxes Pago de cualquier impuesto sobre el ingreso, herencias, donaciones, traspasos entre generaciones, impuesto sobre artículos de uso y consumo o impuesto sobre la nómina. How to amend taxes Esto también incluye el pago de impuestos estimados. How to amend taxes Hacer ciertas aportaciones, distribuciones, contribuciones a las que se les ha dado un carácter diferente al que tenían o la reinversión que se hace a, o desde, un plan de jubilación calificado. How to amend taxes Presentar ciertas peticiones ante el Tribunal Tributario. How to amend taxes Presentar una reclamación de crédito o reembolso por cualquier impuesto. How to amend taxes Entablar una demanda sobre alguna reclamación de crédito o reembolso. How to amend taxes Ciertos otros actos que se describen en el Revenue Procedure 2005-27 (Procedimientos de Impuestos Internos 2005-27). How to amend taxes Puede encontrar estos procedimientos en la página 1050 del Internal Revenue Bulletin 2005-20 (Boletín de Impuestos Internos 2005-20) en www. How to amend taxes irs. How to amend taxes gov/pub/irs-irbs/irb05-20. How to amend taxes pdf. How to amend taxes Condonación de interés y multas. How to amend taxes   El IRS pudiera condonar el interés y las multas sobre cualquier impuesto sobre el ingreso, herencia, donaciones, nómina o artículos de uso y consumo que no se ha pagado en su totalidad durante el plazo de una prórroga. How to amend taxes Incentivos por Contribuciones Caritativas Suspensión Temporal de los Límites sobre las Contribuciones Caritativas Individuos. How to amend taxes   Las contribuciones calificadas no están sujetas al límite general sobre deducciones detalladas o al límite del 50% del ingreso bruto ajustado (conocido por sus siglas en inglés, AGI). How to amend taxes Una contribución calificada es una contribución caritativa que se ha pagado en efectivo o con cheque después del 27 de agosto del 2005 y antes del 1 de enero del 2006, a una organización con un límite del 50% (fuera de ciertas fundaciones privadas que se describen en la sección 509(a)(3)) si usted opta por dejar que el límite del 50% no sea aplicable a estas contribuciones. How to amend taxes   Su deducción por contribuciones calificadas está limitada a su ingreso bruto ajustado (AGI) menos su deducción por las demás aportaciones caritativas. How to amend taxes Puede traspasar al año siguiente cualquier contribución que no haya podido deducir en el 2005 debido a este límite. How to amend taxes En el año 2006, use la cantidad traspasada de sus contribuciones calificadas que no haya usado como traspaso de contribuciones sujetas al límite del 50%. How to amend taxes Excepción. How to amend taxes   Las contribuciones calificadas no incluyen a una contribución hecha a un fondo o cuenta separados para el(la) cual usted (o cualquier persona a quien usted nombre o designe) tenga o espere tener privilegios de asesoría relacionados con las distribuciones o inversiones basadas en su contribución. How to amend taxes Sociedades anónimas. How to amend taxes   Una sociedad anónima puede elegir deducir contribuciones calificadas en efectivo independientemente del límite del 10% sobre el ingreso tributable, si las contribuciones se efectuaron después del 27 de agosto del 2005 pero antes del 1 de enero del 2006 a una organización caritativa calificada (sin incluir ciertas fundaciones privadas que se describen en la sección 509(a)(3)), para ayudar en las tareas de socorro del huracán Katrina, Rita o Wilma. How to amend taxes La deducción de la sociedad anónima por estas contribuciones calificadas se limita al 100% del ingreso tributable (tal como se modificó para el límite del 10%) menos la deducción de dicha sociedad anónima por el resto de sus contribuciones caritativas. How to amend taxes Cualquier contribución calificada que sobrepase ese límite podrá traspasarse a los próximos 5 años, sujeta al límite del 10%. How to amend taxes Socios colectivos y accionistas. How to amend taxes   Cada socio(a) de una sociedad colectiva y cada accionista de una sociedad anónima de tipo "S" elige por separado no aplicar el límite correspondiente. How to amend taxes Más información. How to amend taxes   Para obtener mayor información, vea la Publicación 526, Charitable Contributions (Contribuciones Caritativas) o la Publicación 542, Corporations (Sociedades Anónimas), ambas en inglés. How to amend taxes La Publicación 526 incluye una hoja de trabajo que puede utilizar para determinar su deducción si es que hay algún límite que sea aplicable a sus contribuciones caritativas. How to amend taxes Tasa Estándar por Milla para el Uso de Vehículos para Fines Caritativos A continuación se indican las tasas estándar por milla especiales que entraron en vigencia en el 2005 y 2006 para cubrir el costo del uso de su automóvil con fines caritativos que estén únicamente relacionados con el huracán Katrina. How to amend taxes 29 centavos por milla durante el período del 25 al 31 de agosto del 2005. How to amend taxes 34 centavos por milla durante el período del 1 de septiembre al 31 de diciembre del 2005. How to amend taxes 32 centavos por milla durante el período del 1 de enero al 31 de diciembre del 2006. How to amend taxes Reembolsos de Millas a Voluntarios que Prestaron Servicios con Fines Caritativos Usted puede excluir de su ingreso cantidades de dinero que reciba como reembolso de millas por usar un automóvil de pasajeros privado a fin de beneficiar a una organización caritativa calificada que proporciona servicios de socorro relacionados con el huracán Katrina durante el período del 25 de agosto del 2005 al 31 de diciembre del 2006. How to amend taxes No puede reclamar una deducción o crédito por cantidades que reciba como reembolso de millas recorridas. How to amend taxes Usted debe mantener documentadas las millas recorridas, la hora, el lugar (o uso) y propósito del uso de esas millas. How to amend taxes La cantidad que puede excluir del ingreso no puede ser mayor a la tasa estándar por milla para fines laborales (que se muestra a continuación) por gastos en los que incurrió durante los siguientes períodos: 40. How to amend taxes 5 centavos por milla para el período del 25 al 31 de agosto del 2005. How to amend taxes 48. How to amend taxes 5 centavos por milla para el período del 1 de septiembre al 31 de diciembre del 2005. How to amend taxes 44. How to amend taxes 5 centavos por milla para el período del 1 de enero al 31 de diciembre del 2006. How to amend taxes Deducción Caritativa por Contribuciones de Inventario de Alimentos Cualquier contribuyente que trabaje en un oficio o negocio que es elegible para reclamar una deducción por la contribución de un inventario de “alimentos evidentemente nutritivos” a una organización caritativa calificada descrita en la sección 501(c)(3) (a excepción de fundaciones privadas de carácter no operacional) después del 27 de agosto del 2005 y antes del 1 de enero del 2006. How to amend taxes Los “alimentos evidentemente nutritivos” son aquellos que reúnen las normas de calidad y contenido de etiquetas que imponen las leyes y reglamentos federales, estatales y locales, aunque es posible que los alimentos no estén listos para la comercialización debido a su apariencia, punto de maduración, frescura, categoría, tamaño, excedente u otras condiciones. How to amend taxes La deducción es equivalente al menor de uno de los siguientes: La base de los alimentos donados, más la mitad de la ganancia que se hubiera obtenido si dichos alimentos se hubieran vendido al valor normal en el mercado en la fecha de donación o Dos veces la base de los alimentos donados. How to amend taxes El(La) contribuyente debe recibir una certificación de parte del donatario que establezca lo siguiente: Que los alimentos donados se relacionan con la finalidad o la función de la base para exención del donatario conforme a la sección 501(c)(3) y han de usarse únicamente para fines de cuidado de personas enfermas, necesitadas o niños de corta edad y Que los alimentos no se proporcionaron a cambio de dinero, de otra propiedad o servicios algunos. How to amend taxes En el caso de un(a) contribuyente que no sea una sociedad anónima de tipo "C", la deducción se limita al 10% del ingreso total neto del(la) contribuyente de todas las actividades comerciales o empresariales de las cuales se efectuaron las contribuciones (calculada sin considerar la deducción por contribuciones caritativas). How to amend taxes Por ejemplo, si un(a) contribuyente es un(a) empresario(a) por cuenta propia, un(a) accionista de una sociedad anónima de tipo "S" y además es socio(a) de una sociedad colectiva y cada una de estas entidades efectuó una contribución de inventario de alimentos evidentemente nutritivos, la deducción del(la) contribuyente está limitada al 10% del ingreso total neto de su empresa por cuenta propia, sociedad anónima de tipo "S" y sociedad colectiva (calculada sin considerar la deducción por contribuciones caritativas). How to amend taxes Deducción Caritativa por Contribuciones de Inventarios de Libros a Escuelas Públicas A una sociedad anónima (que no sea una sociedad anónima de tipo "S") se le pudiera permitir tomar una deducción caritativa por alguna contribución calificada de libros que haya efectuado después del 27 de agosto del 2005 y antes del 1 de enero del 2006 a una escuela pública que: Imparte una educación primaria o secundaria (kinder hasta el grado número 12, inclusive) y Normalmente mantiene un profesorado docente y un programa de estudios normal y cuenta con estudiantes que asisten al lugar donde las actividades educativas se realizan de manera habitual. How to amend taxes La deducción es equivalente al menor de una de las siguientes: La base de los libros donados, más la mitad de la ganancia que se hubiera realizado si dichos libros donados se hubieran vendido al valor normal en el mercado en la fecha de donación o Dos veces la base de los libros donados. How to amend taxes La sociedad anónima debe recibir certificación por escrito de la escuela que establezca que los libros donados son adecuados para los programas educativos que imparte la institución y que se utilizarán para esos programas. How to amend taxes Pérdidas por Hechos Fortuitos y Robos Los siguientes párrafos explican los cambios realizados a las pérdidas por hechos fortuitos y robos ocasionadas por el huracán Katrina, Rita o Wilma. How to amend taxes Para mayor información, vea la Publicación 547(SP), en español. How to amend taxes Límites sobre las pérdidas personales por hechos fortuitos o robos ocasionadas por el huracán Katrina, Rita o Wilma. How to amend taxes   Las siguientes pérdidas de bienes de uso personal no están sujetas a los límites del 100% o del 10% del ingreso bruto ajustado: Las pérdidas que surgieron en la zona de desastre del huracán Katrina después del 24 de agosto del 2005 y que fueron causadas por el huracán Katrina. How to amend taxes Las pérdidas que surgieron en la zona de desastre del huracán Rita después del 22 de septiembre del 2005 y que fueron causadas por el huracán Rita. How to amend taxes Las pérdidas que surgieron en la zona de desastre del huracán Wilma después del 22 de octubre del 2005 y que fueron causadas por el huracán Wilma. How to amend taxes Las pérdidas calificadas incluyen aquellas por inundaciones u otros hechos fortuitos y por robo que se hayan originado en la zona de desastre del huracán y que fueron provocadas por éste. How to amend taxes Instrucciones especiales para personas que eligen reclamar una pérdida por hechos fortuitos o robos a causa del huracán Katrina, Rita o Wilma para el 2004. How to amend taxes   Las pérdidas por hechos fortuitos y robos por lo general se deducen sólo en el año en el cual el hecho fortuito ocurrió o se descubrió el robo. How to amend taxes Sin embargo, los huracanes Katrina, Rita y Wilma son desastres declarados por el Presidente. How to amend taxes Por lo tanto, en su declaración de impuestos del año anterior, puede elegir deducir las pérdidas que sufrió debido a estos huracanes. How to amend taxes Si decide hacerlo, utilice las instrucciones siguientes para llenar sus formas. How to amend taxes   Las personas que presentan o enmiendan su declaración de impuestos del 2004 cuyas únicas pérdidas por hecho fortuito o robo de sus bienes personales que incluyeron en esa declaración fueron ocasionadas por el huracán Katrina, Rita o Wilma deben anotar lo siguiente en la parte superior de la Forma 1040 ó 1040X: “Hurricane Katrina”, “Hurricane Rita” o “Hurricane Wilma”. How to amend taxes También han de completar y adjuntar la Forma 4684, en inglés y escribir “Hurricane Katrina”, “Hurricane Rita” o “Hurricane Wilma” en la línea de puntos junto a la línea 11 y anote -0- en las líneas 11 y 17. How to amend taxes   Las personas que presentan o enmiendan su declaración de impuestos del 2004 y que también hayan sufrido una pérdida de sus bienes personales por hecho fortuito o robo no relacionada con los huracanes Katrina, Rita o Wilma, no deben tomar en cuenta la precaución para otros contribuyentes que aparece por encima de la línea 13, la cual estipula que se use una sola Forma 4684, sino que deben completar las líneas de la 13 a la 18 en dos Formas 4684, en inglés. How to amend taxes La Forma 1040 ó 1040X y la primera Forma 4684 deben prepararse como se explica anteriormente sólo para pérdidas provocadas por el huracán Katrina, Rita o Wilma. How to amend taxes La segunda Forma 4684 debe ser preparada de la manera acostumbrada para todas las ganancias y para aquellas pérdidas que no sean relacionadas con el huracán Katrina, Rita o Wilma. How to amend taxes Si ambas Formas 4684 muestran una pérdida en la línea 18, deben incorporar las pérdidas combinadas de esa línea en la línea 19 del Anexo A (Forma 1040). How to amend taxes Si en la segunda Forma 4684 hay alguna ganancia en la línea 15, no tome en cuenta las instrucciones de anotar dicha ganancia en el Anexo D (Forma 1040) sino que anote en la línea 19 del Anexo A (Forma 1040) el excedente de la pérdida de la primera Forma 4684 sobre la ganancia proveniente de la línea 15 de la segunda Forma 4684. How to amend taxes Plazo para hacer la elección. How to amend taxes   Usted debe hacer la elección de reclamar su pérdida por hecho fortuito o robo en el 2004, en la fecha más tardía de entre las siguientes: La fecha de vencimiento (sin prórrogas) para presentar su declaración de impuestos sobre el ingreso del 2005. How to amend taxes La fecha de vencimiento (con prórrogas) para presentar su declaración de impuestos sobre el ingreso del 2004. How to amend taxes Ejemplo 1. How to amend taxes Ejemplo. How to amend taxes Si usted es un(a) contribuyente de año calendario, tiene hasta el 17 de abril del 2006 para enmendar su declaración de impuestos del 2004, si desea reclamar una pérdida por hechos fortuitos o robo que haya ocurrido durante el 2005. How to amend taxes Período de Reposición para que las Ganancias no sean Reconocidas Por lo general, una conversión involuntaria ocurre cuando los bienes han sido dañados, destruidos, robados, incautados (confiscados), requisados o expropiados (condenados) y usted recibe otros bienes o dinero en pago, como por ejemplo, una indemnización que recibió del seguro o una indemnización por expropiación (condenación). How to amend taxes Por lo general, no es necesario que declare una ganancia (si la existe) si reemplaza la propiedad dentro de 2 años (4 años en el caso de un hogar principal ubicado en una zona de desastre declarada por el Presidente). How to amend taxes Sin embargo, si los bienes fueron convertidos involuntariamente después del 24 de agosto del 2005 debido al huracán Katrina, se aplicará un plazo de reposición de 5 años si la mayor parte del uso de los bienes de reposición se encuentra en la zona de desastre del huracán Katrina. How to amend taxes Para obtener mayor información, vea las Instrucciones para la Forma 4684, en inglés. How to amend taxes Pérdidas Netas de Operación Pérdida calificada en una Zona GO. How to amend taxes   Por lo general, usted puede traspasar una pérdida neta de operación (conocida por sus siglas en inglés, NOL) a los 2 años tributarios anteriores al año de dicha NOL. How to amend taxes Sin embargo, la porción de una NOL que es una pérdida calificada de la Zona GO puede traspasarse a los 5 años tributarios anteriores al año de dicha NOL. How to amend taxes Asimismo, el límite del 90% sobre la deducción por el impuesto alternativo del NOL (conocido por sus siglas en inglés, ATNOLD) no aplica a dicha porción de ATNOLD. How to amend taxes   Una pérdida calificada de la Zona GO es la menor de una de las siguientes: La pérdida neta de operación (NOL) en exceso de ese año sobre una pérdida de responsabilidad específica de ese año a la cual aplica un traspaso de 10 años. How to amend taxes El total de las siguientes deducciones (hasta el punto en que se tomen en consideración al calcular la NOL para ese año tributario): Pérdida calificada por hechos fortuitos de la Zona GO (según se define a continuación), Los gastos de mudanza que se hayan pagado o en los que haya incurrido después del 27 de agosto del 2005 y antes del 1 de enero del 2008, por emplear a una persona cuyo hogar principal se encontraba ubicado en la Zona GO antes del 28 de agosto del 2005 y que no pudo permanecer en esa vivienda a causa del huracán Katrina y cuya ubicación laboral principal (después de esa mudanza) se encuentra en la Zona GO, Gastos temporales de vivienda que haya pagado o en los que haya incurrido después del 27 de agosto del 2005 y antes del 1 de enero del 2008, para albergar a empleados del(la) contribuyente cuya ubicación laboral principal se encontraba en la Zona GO, La depreciación o amortización permisible para cualquier propiedad de la Zona GO por el año en que fue puesta en servicio (aún si decidió no reclamar el descuento por depreciación especial de la Zona GO para dicha propiedad en esa zona) y Gastos de reparación (incluyendo aquellos para la remoción de escombros) que haya pagado o en los que haya incurrido después del 27 de agosto del 2005 y antes del 1 de enero del 2008 por cualquier daño que haya causado el huracán Katrina a la propiedad ubicada en la Zona GO. How to amend taxes Pérdida por hechos fortuitos calificada en una Zona GO. How to amend taxes   Una pérdida por hechos fortuitos calificada por hechos fortuitos en la Zona GO es cualquier pérdida de propiedad deducible bajo la sección 1231 que se encuentra ubicada en la Zona GO si dicha pérdida fue ocasionada por el huracán Katrina. How to amend taxes Para estos fines, la cantidad de la pérdida se reduce a partir de cualquier ganancia reconocida de una conversión involuntaria de propiedad ubicada en la Zona GO a causa del huracán Katrina. How to amend taxes Esa pérdida que se consideró al calcular su pérdida calificada para la Zona GO no reúne las condiciones necesarias para la opción de ser considerada pérdida ocurrida durante el año tributario previo. How to amend taxes Traspaso a 5 años de NOL por ciertas pérdidas en actividades madereras. How to amend taxes   Por lo general, usted puede traspasar una parte de una pérdida neta de operación (NOL) debida al ingreso y a las deducciones atribuibles a una actividad agrícola a los 5 años tributarios anteriores al año de dicha pérdida. How to amend taxes Usted puede tratar el ingreso y las deducciones atribuibles a propiedad maderera calificada como atribuibles a una empresa agrícola si cualquier parte de la propiedad se encuentra ubicada en la Zona GO, la Zona GO Rita o la Zona GO Wilma y el ingreso y deducciones son asignables a la parte de su año tributario posterior a la fecha siguiente que corresponda: El 27 de agosto del 2005 si cualquier parte de la propiedad se encuentra ubicada en la Zona GO. How to amend taxes El 22 de septiembre del 2005 si cualquier parte de la propiedad se encuentra ubicada en la Zona GO de Rita (pero no en la Zona GO). How to amend taxes El 22 de octubre del 2005 si cualquier parte de la propiedad se encuentra ubicada en la Zona GO de Wilma (pero no en la Zona GO o en la Zona GO de Rita). How to amend taxes   Estas reglas no serán aplicables después del 2006. How to amend taxes   Sin embargo, estas reglas sólo serán aplicables a un productor maderero que cumpla con lo siguiente: Tiene propiedad de producción maderera calificada (según se define en la Publicación 535, Business Expenses (Gastos de Negocio), en inglés) en la fecha correspondiente a continuación: El 28 de agosto del 2005 si cualquier parte de la propiedad se encuentra ubicada en la Zona GO, El 23 de septiembre del 2005 si cualquier parte de la propiedad se encuentra ubicada en la Zona GO de Rita (pero no en la Zona GO) o El 23 de octubre del 2005 si cualquier parte de la propiedad se encuentra ubicada en la Zona GO de Wilma (pero no en la Zona GO o en la Zona GO de Rita); No sea una sociedad anónima con transacción pública de acciones en un mercado de valores establecido; No sea un fideicomiso para la inversión en bienes inmuebles; No sea dueño(a) de más de 500 acres de propiedad de actividad maderera calificada en las fechas anteriores que correspondan. How to amend taxes Más información. How to amend taxes   Para obtener mayor información sobre las pérdidas netas de operación, vea la Publicación 536, Net Operating Losses (Pérdidas Netas de Operación) o la Publicación 542, Corporations (Sociedades Anónimas), ambas en inglés. How to amend taxes Las Cuentas IRA y Otros Planes de Jubilación Nuevas reglas permiten retiros de dinero favorecidos por los impuestos, pagos de reintegro y préstamos de ciertos planes de jubilación para aquellos contribuyentes que sufrieron pérdidas económicas como consecuencia del huracán Katrina, Rita o Wilma. How to amend taxes Definiciones Distribución calificada por motivos del huracán. How to amend taxes   La distribución calificada por motivos de un huracán es cualquier distribución que haya recibido de un plan si lo siguiente es aplicable: La distribución se efectuó en las siguientes fechas: Después del 24 de agosto del 2005 y antes del 1 de enero del 2007 en el caso del huracán Katrina; Después del 22 de septiembre del 2005 y antes del 1 de enero del 2007 en el caso del huracán Rita o Después del 22 de octubre del 2005 y antes del 1 de enero del 2007 en el caso del huracán Wilma. How to amend taxes Su hogar principal se encontraba ubicado en una zona de desastre del huracán que aparece a continuación en la fecha determinada como se indica: El 28 de agosto del 2005 para la zona de desastre del huracán Katrina. How to amend taxes El 23 de septiembre del 2005 para la zona de desastre del huracán Rita. How to amend taxes El 23 de octubre del 2005 para la zona de desastre del huracán Wilma. How to amend taxes Usted sostuvo una pérdida económica debido al huracán Katrina, Rita o Wilma y su hogar principal se encontraba en esa zona de desastre en la fecha indicada en la sección 2) anterior. How to amend taxes Algunos ejemplos de pérdida económica incluyen, pero no se limita a: La pérdida, el daño o la destrucción de bienes inmuebles o personales debido a un incendio, inundación, saqueo, vandalismo, robo, viento u otras causas; La pérdida por haber quedado desamparado(a) (sin hogar) o La pérdida de medios de manutención (sostenimiento) propia debido a desempleo temporal o despidos permanentes. How to amend taxes   Si son aplicables las secciones de la 1) a la 3), por lo general, usted puede designar cualquier distribución (incluyendo los pagos periódicos y distribuciones mínimas requeridas) de un plan de jubilación elegible, independientemente de si esa distribución se efectuó a cuenta del huracán Katrina, Rita o Wilma. How to amend taxes Las distribuciones calificadas del huracán son permitidas sin tomar en cuenta la necesidad o cantidad real de su pérdida económica. How to amend taxes   El total de sus distribuciones calificadas de todos los planes está limitada a $100,000. How to amend taxes Si tiene distribuciones que superan los $100,000 a través de más de una clase de plan, como por ejemplo, un plan 401(k) y una cuenta IRA, usted puede asignar el límite de $100,000 entre esos planes según prefiera. How to amend taxes   Una reducción o compensación del balance de su cuenta (después del 24 de agosto del 2005 en el caso de Katrina; después del 22 de septiembre del 2005 en el caso de Rita; o después del 22 de octubre del 2005 para Wilma) en un plan de jubilación elegible para poder pagar un préstamo también puede designarse como distribución calificada por motivos del huracán. How to amend taxes Plan de jubilación elegible. How to amend taxes   Un plan de jubilación elegible puede ser cualquiera de los siguientes: Un plan calificado de pensión, de participación en las ganancias o de participación (bonificación) en acciones (incluyendo un plan 401(k)). How to amend taxes Un plan de anualidad calificado. How to amend taxes Un contrato de anualidad con abrigo tributario. How to amend taxes Un plan de compensación diferida gubernamental bajo la sección 457. How to amend taxes Una cuenta IRA de tipo SEP, SIMPLE o Roth. How to amend taxes Hogar principal. How to amend taxes   Por lo general, su hogar principal es el lugar donde usted vive la mayor parte del tiempo. How to amend taxes Una ausencia temporal debido a circunstancias especiales, tales como una enfermedad, educación, negocios, servicio militar, evacuación o vacaciones no cambiará su lugar principal de residencia u hogar principal. How to amend taxes Tributación de Distribuciones Calificadas por Motivos de un Huracán Las distribuciones calificadas por motivo de un huracán se incluyen en el ingreso en cantidades iguales durante un período de tres años. How to amend taxes Sin embargo, si así lo elige, puede incluir el total de la distribución en su ingreso para el año en que la recibió. How to amend taxes Las distribuciones calificadas por motivos del huracán no están sujetas al impuesto del 10% adicional (o el impuesto del 25% adicional en el caso de ciertas distribuciones de una cuenta SIMPLE IRA) sobre distribuciones tempranas provenientes de planes de jubilación calificados (incluyendo a cuentas IRA). How to amend taxes Sin embargo, cualquier distribución que usted reciba en exceso del límite de distribución calificado de $100,000 por motivos de un huracán puede estar sujeta al impuesto adicional sobre las distribuciones tempranas. How to amend taxes Para obtener más información, vea la Forma 8915, Qualified Hurricane Retirement Plan Distributions and Repayments (Distribuciones y Devoluciones (Reintegros) de Pagos Calificados de Planes de Jubilación a Causa de un Huracán), en inglés. How to amend taxes Reintegro de Distribuciones Calificadas por Motivos de un Huracán Si así lo escoge, por lo general, puede reintegrar cualquier porción de una distribución calificada hecha como consecuencia de un huracán que es elegible para ser reinvertida libre de impuestos en un plan de jubilación elegible. How to amend taxes Asimismo, también puede reintegrar una distribución calificada por motivo de un huracán proveniente de un plan de jubilación que se haya efectuado a causa de una situación grave (infortunio). How to amend taxes Sin embargo, para averiguar más sobre las distribuciones calificadas hechas como consecuencia de un huracán que no puede reintegrar, vea, Excepciones, a continuación. How to amend taxes Usted tiene tres años a partir del día siguiente a la fecha en que recibió la distribución para reintegrarla. How to amend taxes Las cantidades que usted reintegra se consideran una reinversión calificada y no se incluyen en su ingreso. How to amend taxes Del mismo modo, para propósitos de la limitación de realizar una sola reinversión por año que tienen las cuentas IRA, un reintegro a una cuenta IRA no se considera una reinversión calificada. How to amend taxes Para obtener mayor información sobre cómo declarar los reintegros, vea la Forma 8915, en inglés. How to amend taxes Excepciones. How to amend taxes   Usted no puede reintegrar los siguientes tipos de distribuciones: Distribuciones calificadas debido al huracán que haya recibido como beneficiario(a) (que no sea un(a) cónyuge sobreviviente). How to amend taxes Distribuciones mínimas requeridas. How to amend taxes Pagos periódicos (que no sean de aquellos de una cuenta IRA) que son para: Un período de 10 años o más, Su vida o su expectativa de vida o El período de vida conjunta o expectativas de vida conjunta para usted y su beneficiario(a). How to amend taxes Reintegro de Distribuciones Calificadas por la Compra o Construcción de un Hogar Principal Si recibe una distribución calificada para comprar o construir un hogar principal en la zona de desastre del huracán Katrina, Rita o Wilma, usted puede hacer los reintegros de esa distribución antes del 1 de marzo del 2006 a un plan de jubilación elegible después del 24 de agosto del 2005 (Katrina); después del 22 de septiembre del 2005 (Rita); o después del 22 de octubre del 2005 (Wilma). How to amend taxes Para estos propósitos, un plan de jubilación elegible es aquel plan, anualidad o cuenta IRA en el cual se puede efectuar una reinversión. How to amend taxes Para que una distribución sea calificada, ésta debe cumplir con los requisitos siguientes: La distribución es una distribución hecha como consecuencia de una situación grave (infortunio) de un plan 401(k), de un contrato de anualidad con abrigo tributario o la distribución de una cuenta IRA para una persona que por primera vez compra una vivienda. How to amend taxes La distribución se recibió en el año 2005 después del 28 de febrero y antes de las siguientes fechas: El 29 de agosto en el caso del huracán Katrina. How to amend taxes El 24 de septiembre en el caso del huracán Rita. How to amend taxes El 24 de octubre en el caso del huracán Wilma. How to amend taxes La distribución se iba a utilizar para comprar o construir un hogar principal en la zona de desastre del huracán Katrina, Rita o Wilma que no fue adquirido o construido debido a estos huracanes. How to amend taxes Las cantidades que se reintegren antes del 1 de marzo del 2006 se considerarán reinversión calificada y no se incluirán en el ingreso. How to amend taxes Del mismo modo, y para propósitos de la limitación de una sola reinversión por año que corresponde a las cuentas IRA, un reintegro a una cuenta IRA no se considerará reinversión calificada. How to amend taxes Las distribuciones calificadas que no se reintegren antes del 1 de marzo del 2006 pueden estar sujetas a impuestos para el 2005 y al impuesto del 10% adicional sobre las distribuciones tempranas (o al impuesto del 25% adicional en el caso de ciertos planes de cuentas SIMPLE IRA). How to amend taxes Usted debe presentar la Forma 8915, en inglés, si recibió alguna distribución calificada que haya reintegrado, en su totalidad o en parte, antes del 1 de marzo del 2006. How to amend taxes Préstamos Provenientes de Planes Calificados Los siguientes beneficios se encuentran disponibles para personas calificadas: Aumentos a los límites de distribución que se tratan como préstamos de planes provistos por el(la) patrono(a) o empleador(a). How to amend taxes Una suspensión de un año para pagos que vencen sobre préstamos a través de algún plan. How to amend taxes Persona calificada. How to amend taxes   Usted es una persona calificada si son aplicables cualesquiera de las siguientes condiciones: El 28 de agosto del 2005 su hogar principal se encontraba en la zona de desastre del huracán Katrina y tuvo una pérdida económica debido a este huracán. How to amend taxes El 23 de septiembre del 2005 su hogar principal se encontraba en la zona de desastre del huracán Rita y tuvo una pérdida económica debido a este huracán. How to amend taxes El 23 de octubre del 2005 su hogar principal se encontraba en la zona de desastre del huracán Wilma y tuvo una pérdida económica debido a este huracán. How to amend taxes Ejemplos de pérdida económica incluyen, pero no se limitan a: La pérdida, daño o destrucción de bienes inmuebles o personales debido a un incendio, inundación, saqueo, vandalismo, robo, viento u otra causa; La pérdida por haber quedado desamparado(a) (sin hogar) o La pérdida de los medios de manutención (sostenimiento) debido a despidos temporales o permanentes. How to amend taxes Límites sobre los préstamos de planes. How to amend taxes   El límite de $50,000 para distribuciones que se consideran préstamos de un plan se ha aumentado a $100,000. How to amend taxes Además, el límite basado en el 50% de sus beneficios acumulados protegidos se ha aumentado al 100% de dichos beneficios. How to amend taxes Los límites más altos son únicamente aplicables a préstamos recibidos durante el siguiente período: Si su hogar principal estaba ubicado en la zona de desastre del huracán Katrina, el período comenzó el 24 de septiembre del 2005 y termina el 31 de diciembre del 2006. How to amend taxes Si su hogar principal estaba ubicado en la zona de desastre del huracán Rita o Wilma, el período comenzó el 21 de diciembre del 2005 y termina el 31 de diciembre del 2006. How to amend taxes Si usted es una persona calificada según las condiciones para el caso del huracán Katrina y según otro huracán, utilice el período basado en el huracán Katrina. How to amend taxes Suspensión de un año de los pagos de préstamos. How to amend taxes   El(La) administrador(a) de un plan puede suspender por un año los pagos de préstamos de aquel plan con vencimiento antes del 2007. How to amend taxes Para calificar para esta suspensión, la fecha de vencimiento de cualquier pago de esos préstamos debe ocurrir durante el período que comienza: El 25 de agosto del 2005 si su hogar principal se encontraba ubicado en la zona de desastre del huracán Katrina. How to amend taxes El 23 de septiembre del 2005 si su hogar principal se encontraba ubicado en la zona de desastre del huracán Rita. How to amend taxes El 23 de octubre del 2005 si su hogar principal se encontraba ubicado en la zona de desastre del huracán Wilma. How to amend taxes Si es una persona calificada por motivo de más de un huracán, utilice el período con la fecha de inicio más temprana. How to amend taxes Alivio Tributario Adicional para Personas Físicas Crédito por Ingreso del Trabajo y Crédito Tributario por Hijos Usted puede elegir usar su ingreso del trabajo del 2004 para calcular su crédito por ingreso del trabajo (conocido por sus siglas en inglés, EIC) del 2005 y el crédito tributario adicional por hijos si cumple con lo siguiente: Su ingreso del trabajo del 2005 es menor a su ingreso del trabajo del 2004 y Por lo menos una de las siguientes aseveraciones es cierta: El 25 de agosto del 2005 su hogar principal se encontraba en la Zona de Oportunidad del Golfo (GO). How to amend taxes El 25 de agosto del 2005 su hogar principal se encontraba en la zona de desastre del huracán Katrina y tuvo que abandonar esa vivienda a causa del huracán Katrina. How to amend taxes El 23 de septiembre del 2005 su hogar principal se encontraba en la Zona GO de Rita. How to amend taxes El 23 de septiembre del 2005 su hogar principal se encontraba en la zona de desastre del huracán Rita y tuvo que abandonar esa vivienda a causa del huracán Rita. How to amend taxes El 23 de octubre del 2005 su hogar principal se encontraba en la Zona GO de Wilma. How to amend taxes El 23 de octubre del 2005 su hogar principal se encontraba en la zona de desastre del huracán Wilma y usted tuvo que abandonar esa vivienda por causa del huracán Wilma. How to amend taxes Ingreso del trabajo. How to amend taxes   Para propósitos de esta elección, su ingreso del trabajo tanto para el EIC como para el crédito tributario adicional por hijos es la cantidad de ingreso del trabajo que se utiliza para calcular su EIC, aún si no reclamó el EIC y aun cuando esa cantidad sea distinta a su ingreso del trabajo para el crédito tributario adicional por hijos. How to amend taxes Si está reclamando sólo el crédito tributario adicional por hijos, usted debe calcular la cantidad de su ingreso del trabajo para propósitos del EIC a fin de determinar si es elegible para hacer la elección y determinar la cantidad del crédito. How to amend taxes Declaraciones conjuntas. How to amend taxes   Si presenta una declaración de impuestos conjuntamente con su cónyuge, usted califica para hacer esta elección aún si sólo un(a) cónyuge satisface los requisitos. How to amend taxes Si hace esta elección, su ingreso del trabajo del 2004 es la suma de su ingreso del trabajo y el de su cónyuge durante el 2004. How to amend taxes Cómo hacer la elección. How to amend taxes   Si decide usar su ingreso del trabajo del 2004, esta elección es aplicable para calcular su EIC y su crédito tributario adicional por hijos. How to amend taxes Sin embargo, puede elegir este último crédito aún si no ha elegido reclamar el EIC. How to amend taxes   Si elige usar su ingreso del trabajo del 2004, esto puede aumentar o disminuir su EIC. How to amend taxes Siga los siguientes pasos para decidir si va a hacer esa elección o no: Calcule su EIC del 2005 utilizando su ingreso del trabajo del 2004. How to amend taxes Calcule su crédito tributario adicional por hijos del 2005 utilizando su ingreso del trabajo del 2004 para propósitos del EIC. How to amend taxes Sume los resultados de (1) y (2). How to amend taxes Calcule su EIC del 2005 utilizando su ingreso del trabajo del 2005. How to amend taxes Calcule su crédito tributario adicional por hijos utilizando su ingreso del trabajo del 2005 para propósitos del crédito tributario adicional por hijos. How to amend taxes Sume los resultados de (4) y (5). How to amend taxes Compare los resultados de los números (3) y (6). How to amend taxes Si la cantidad de (3) es mayor que la de (6), será a beneficio suyo hacer esta elección. How to amend taxes Si la cantidad de (3) es igual o menor que la de (6), no le ayudará hacer esta elección. How to amend taxes   Si elige utilizar su ingreso del trabajo del 2004 y está reclamando el EIC, escriba “PYEI” y la cantidad de su ingreso del trabajo del 2004 sobre la línea de puntos junto a la línea 66a de la Forma 1040, en la línea directamente al lado de la línea 41a de la Forma 1040A o en el espacio a la izquierda de la línea 8a de la Forma 1040EZ. How to amend taxes   Si elige utilizar su ingreso del trabajo del 2004 y está reclamando el crédito tributario adicional por hijos, anote su ingreso del trabajo del 2004 para fines del EIC (aún si no reclamó el EIC) en la línea 4a de la Forma 8812, Additional Child Tax Credit (Crédito Tributario Adicional por Hijos), en inglés y marque el encasillado correspondiente en esa línea. How to amend taxes   Debido a que la Forma 8812 se publicó antes de que entrara en vigencia la legislación de la Zona GO, las instrucciones se refieren únicamente a personas cuyo hogar principal estaba en la zona de desastre del huracán Katrina. How to amend taxes Cuando llene la línea 4a de la Forma 8812, utilice las reglas anteriores para poder determinar si es elegible para hacer esa elección (en lugar de las instrucciones de la Forma 8812). How to amend taxes Cómo obtener la información de su declaración de impuestos para el 2004. How to amend taxes   Si usted no tiene los registros de sus impuestos del 2004, puede obtener la cantidad de ingreso del trabajo que se usó para calcular su EIC del 2004 llamando al número 1-866-562-5227. How to amend taxes También puede obtener esta información en el cibersitio del IRS en www. How to amend taxes irs. How to amend taxes gov. How to amend taxes   Si prefiere calcular usted mismo(a) su ingreso del trabajo para el 2004, copias o apógrafos de sus declaraciones de impuestos presentadas y procesadas le pueden servir para reconstruir sus registros tributarios. How to amend taxes Vea, Solicitud de Copia o Apógrafo de la Declaración de Impuestos, en la página 19. How to amend taxes Exenciones Adicionales por la Provisión de Vivienda para Personas que Tuvieron que Abandonar sus Hogares por Causa del Huracán Katrina Es posible que pueda reclamar una exención adicional de $500 por cada persona desamparada a causa del huracán Katrina y que usted haya albergado en su hogar principal. How to amend taxes Puede reclamar esta exención adicional en la nueva Forma 8914, Exemption Amount for Taxpayers Housing Individuals Displaced by Hurricane Katrina (Cantidad de la Exención para Contribuyentes dando Alojamiento a Personas Desplazadas por el Huracán Katrina), disponible en inglés. How to amend taxes La cantidad de la exención adicional es permisible una vez por contribuyente en el caso de una persona determinada en el año 2005 ó 2006, pero no en ambos años. How to amend taxes La cantidad de la exención adicional máxima que usted puede reclamar por todas las personas desamparadas es de $2,000 ($1,000 si es casado(a) que presenta por separado). How to amend taxes La cantidad de la exención adicional que reclame por personas desamparadas en el 2005 reducirá el máximo de $2,000 para el 2006. How to amend taxes Si dos o más contribuyentes viven en el mismo hogar, sólo uno(a) de ellos puede reclamar la exención adicional por una persona desamparada a quien haya albergado. How to amend taxes Si es casado(a) que presenta por separado, sólo un(a) cónyuge puede pedir esa exención adicional por una persona determinada que haya sido desamparada. How to amend taxes Para que a usted se le pueda considerar que proporcionó vivienda, tiene que tener un interés legal en el hogar principal (es decir, que usted sea el(la) dueño(a) o que alquile). How to amend taxes Para calificar como una persona desamparada, la persona: Debe haber tenido su hogar principal en la zona de desastre del huracán Katrina el 28 de agosto del 2005 y debe haber quedado desamparado(a) (sin hogar). How to amend taxes Si el hogar principal del individuo se encontraba fuera de la zona central del desastre, ese hogar debe haber sufrido daños por el huracán Katrina o la persona debe haber sido evacuada de esa vivienda debido al huracán Katrina, Se le debió haber provisto vivienda en su hogar principal durante un período de por lo menos 60 días consecutivos que concluya durante el año tributario para el cual se reclama la exención y No puede ser su cónyuge o dependiente. How to amend taxes Usted no puede reclamar la exención adicional si recibe alquiler (u otra cantidad) de cualquier fuente por alojamiento. How to amend taxes Se le permite recibir pagos o reembolsos que no estén relacionados con los costos normales de vivienda, entre ellos: Alimentos, ropa o artículos personales que consume o usa la persona desamparada. How to amend taxes Reembolso por el costo de cualquier llamada de larga distancia que haya hecho la persona desamparada. How to amend taxes Reembolso por el costo de la gasolina de su automóvil si la persona desamparada lo utilizó. How to amend taxes Sin embargo, no puede reclamar la exención adicional si recibió un reembolso por los gastos adicionales de calefacción, electricidad o agua utilizada por esa persona desamparada. How to amend taxes Asimismo, usted debe declarar en la Forma 8914, en inglés, el número de seguro social o número de identificación del contribuyente de la persona a quien usted dio alojamiento para poder reclamar una exención adicional. How to amend taxes Para obtener más información, vea la Forma 8914, en inglés. How to amend taxes Créditos Tributarios por Enseñanza Superior Los créditos por enseñanza superior se han ampliado para cualquier año tributario que comience en el 2005 ó 2006 en el caso de aquellos estudiantes que asisten a una institución educacional elegible ubicada en la Zona de Oportunidad del Golfo (estudiantes de GOZ). How to amend taxes El crédito Hope para un(a) estudiante de GOZ se aumenta al 100% de los primeros $2,000 en gastos calificados de educación y al 50% de los $2,000 siguientes en gastos calificados de educación, para lograr un crédito máximo de $3,000 por estudiante. How to amend taxes La tasa del crédito perpetuo (vitalicio) por aprendizaje en el caso de un(a) estudiante de GOZ se aumenta del 20% al 40%. How to amend taxes También se ha ampliado la definición de gastos calificados de educación para un(a) estudiante de GOZ. How to amend taxes Además de la matrícula y los cargos que se requieren para que el(la) estudiante se matricule o asista a una institución educacional elegible, los gastos educativos calificados para un(a) estudiante de GOZ incluirán lo siguiente: Libros, materiales y equipo requeridos para la matrícula o la asistencia a una institución educacional elegible. How to amend taxes En el caso de un(a) estudiante con necesidades especiales, los gastos que sean necesarios para la matrícula o asistencia de la persona a una institución de educación elegible. How to amend taxes Para un(a) estudiante que asiste por lo menos a tiempo parcial, los costos razonables de alojamiento y gastos relacionados, pero sólo en la medida en que los costos no excedan la cantidad mayor de las siguientes dos cantidades: La asignación para alojamiento y gastos relacionados de un(a) estudiante, según la determine la institución educacional elegible, que se incluyó en los costos de asistencia a clases (para propósitos de ayuda financiera federal) para un período académico determinado y los arreglos de alojamiento particulares del(la) estudiante. How to amend taxes La cantidad real que se cobra si el(la) estudiante reside en un dormitorio propiedad de la institución educacional elegible o en un dormitorio administrado por dicha institución. How to amend taxes Tendrá que comunicarse con la institución educacional elegible para saber cuáles son los costos calificados de alojamiento y gastos relacionados. How to amend taxes Para obtener más información, vea la Forma 8863, Education Credits (Hope and Lifetime Learning Credits) (Créditos por Enseñanza Superior (Crédito Hope y Crédito Perpetuo (Vitalicio) por Aprendizaje)), en inglés. How to amend taxes Recuperación del Subsidio Hipotecario Federal Por lo general, si usted financió su hogar a través de un programa de subsidio federal (préstamos de bonos hipotecarios calificados exentos de impuesto o préstamos con certificados de crédito hipotecario), es posible que tenga que recuperar todo o parte del beneficio que recibió de ese programa cuando venda o de otro modo se deshaga de su vivienda. How to amend taxes Sin embargo, no tendrá que recuperar beneficio alguno si su préstamo hipotecario estaba calificado para mejoras del hogar no superiores a los $15,000. How to amend taxes Esta cantidad se aumentará a $150,000 si el préstamo se otorgó antes del año 2011 y se usó para los siguientes fines: Reparaciones debidas a daños ocasionados por el huracán Katrina a una residencia dentro de la zona de desastre de dicho huracán o Cambios, reparaciones o mejoras a una residencia existente ocupada por su dueño(a) que se encuentra ubicada en la Zona GO, la Zona GO de Rita o la Zona GO de Wilma. How to amend taxes Exclusión de Ciertas Cancelaciones de Endeudamiento por Motivos del Huracán Katrina Por lo general, el pago de deudas no empresariales realizado después del 24 de agosto del 2005 y antes del 1 de enero del 2007 (tales como las hipotecas), se excluyen del ingreso de aquellas personas cuyo hogar principal se encontraba ubicado en la zona de desastre del huracán Katrina el 25 de agosto del 2005. How to amend taxes Si el hogar principal de la persona estaba fuera de la zona central del desastre, la persona también debe haber tenido pérdida económica a causa del huracán Katrina. How to amend taxes Entre los ejemplos de pérdida económica se incluyen, pero no se limitan a: La pérdida, daño o destrucción de bienes inmuebles o personales debido a un incendio, inundación, saqueo, vandalismo, robo, viento u otra causa; La pérdida por haber quedado desamparado(a) (sin hogar) o La pérdida de los medios de manutención (sostenimiento) debido a despidos temporales o permanentes. How to amend taxes Esta ayuda no aplica a cualquier deuda asegurada por bienes inmuebles ubicados fuera de la zona de desastre del huracán Katrina. How to amend taxes Es posible que también tenga que reducir ciertos atributos tributarios por la cantidad excluida. How to amend taxes Para obtener mayor información al respecto, vea la Forma 982, Reduction of Tax Attributes Due to Discharge of Indebtedness (and Section 1082 Basis of Adjustment) (Reducción de Atributos Tributarios Debida a la Cancelación de Endeudamiento (y el Ajuste a la Base bajo la Sección 1082)), en inglés. How to amend taxes Alivio Tributario para la Reubicación Temporal Conforme a la Gulf Opportunity Zone Act of 2005 (Ley de la Zona de Oportunidad del Golfo del 2005), el IRS puede adaptar las leyes de impuestos internos para asegurar que los contribuyentes no pierdan alguna deducción o crédito o tengan un cambio en su estado civil para efectos de la declaración a causa de alguna reubicación temporal debida al huracán Katrina, Rita o Wilma. How to amend taxes Sin embargo, cualquier ajuste de este tipo debe asegurar que un individuo no sea considerado para los mismos beneficios tributarios a través de más de un(a) contribuyente. How to amend taxes El IRS ha ejercido esta autoridad de la manera siguiente: Al determinar si usted proporcionó más de la mitad del costo de la manutención (sostenimiento) de un hogar, puede excluir del total de los costos del hogar cualquier asistencia que haya recibido del gobierno o de organizaciones caritativas debido a que a usted se le reubicó temporalmente a causa del huracán Katrina, Rita o Wilma. How to amend taxes Al determinar si proporcionó más de la mitad del sostenimiento de una persona, usted puede no tomar en cuenta cualquier ayuda del gobierno o de organizaciones caritativas debido a que a usted se le reubicó temporalmente a causa del huracán Katrina, Rita o Wilma. How to amend taxes Usted puede tratar como estudiante a un individuo que se haya matriculado en una institución educativa antes del 25 de agosto del 2005 y que no pueda asistir a clases debido al huracán Katrina, por cada mes durante el período de matrícula en que dicha persona no puede asistir a clases según lo planificado, a causa del huracán Katrina. How to amend taxes Usted puede tratar como estudiante a un individuo que se haya matriculado en una institución educativa antes del 23 de septiembre del 2005 y que no pueda asistir a clases debido al huracán Rita, por cada mes durante el período de matrícula en que dicha persona no puede asistir a clases según lo planificado, a causa del huracán Rita. How to amend taxes Usted puede tratar como estudiante a un individuo que se haya matriculado en una institución educativa antes del 23 de octubre del 2005 y que no pueda asistir a clases debido al huracán Wilma, por cada mes durante el período de matrícula en que dicha persona no puede asistir a clases según lo planificado, a causa del huracán Wilma. How to amend taxes Alivio Tributario Adicional para Empresas Asignación (Descuento) Especial de Depreciación Usted puede usar una asignación (descuento) especial por depreciación de una propiedad ubicada en la Zona de Oportunidad del Golfo (GO) (definida más adelante) que haya comenzado a usar después del 27 de agosto del 2005. How to amend taxes Esta asignación (descuento) representa una deducción adicional del 50% de la base depreciable de dicha propiedad (después de haber aplicado una deducción bajo la sección 179 y antes de calcular su deducción por depreciación normal). How to amend taxes La asignación (descuento) especial es aplicable únicamente para el primer año en que la propiedad se comenzó a utilizar. How to amend taxes La asignación (descuento) se puede deducir tanto para el impuesto normal como para el impuesto alternativo mínimo (conocido por sus siglas en inglés, AMT). How to amend taxes No se requiere un ajuste del AMT para cualquier depreciación que aparezca en la base restante de la propiedad. How to amend taxes Usted puede elegir por no deducir la asignación (el descuento) especial por depreciación en la Zona GO de alguna propiedad que esté calificada. How to amend taxes Si elige hacer esto para cualquier propiedad, entonces esto será aplicable a toda propiedad que se encuentre en la misma categoría y que haya comenzado a usar durante el año. How to amend taxes Propiedad calificada de la Zona GO. How to amend taxes   La propiedad que califica para la asignación (el descuento) especial por depreciación de la Zona GO incluye a las siguientes: Propiedad tangible depreciada conforme al sistema acelerado y modificado de recuperación de costos (conocido por sus siglas en inglés, MACRS) con un período de recuperación de 20 años o menos. How to amend taxes Propiedad de servicios de agua potable. How to amend taxes Programas de computación que se encuentran a disponibilidad inmediata para la compra del público en general, que están sujetos a una licencia no exclusiva y que no se hayan modificado considerablemente. How to amend taxes (El costo de algunos programas de computación se trata como parte del costo de la maquinaria (hardware) y es depreciado conforme al sistema MACRS). How to amend taxes Propiedad calificada para mejoras con fines de arrendamiento. How to amend taxes Bienes inmuebles no residenciales y bienes muebles residenciales de alquiler. How to amend taxes   Para mayor información, vea la Publicación 946, How to Depreciate Property (Cómo Depreciar los Bienes), en inglés. How to amend taxes Otras pruebas con las que se debe cumplir. How to amend taxes   Para calificar como bienes de la Zona GO, dichos bienes también deben satisfacer las pruebas siguientes: Usted debe haber adquirido la propiedad, a través de la compra, después del 27 de agosto del 2005, pero sólo si no existía un contrato obligatorio por escrito vigente para esa adquisición antes del 28 de agosto del 2005. How to amend taxes La propiedad se debe haber comenzado a usar antes del 2008 (2009 en el caso de bienes inmuebles no residenciales y bienes muebles residenciales de alquiler). How to amend taxes Substancialmente todo el uso de la propiedad debe ocurrir en la Zona GO y durante actividades comerciales y empresariales en operación en la Zona GO. How to amend taxes Usted debe ser quien utiliza por primera vez los bienes o propiedad en la Zona GO después del 27 de agosto del 2005. How to amend taxes Los bienes usados pueden calificar como propiedad de la Zona GO si no han sido usados previamente en la Zona GO. How to amend taxes Asimismo, los gastos de capital adicionales en los que haya incurrido después del 27 de agosto del 2005 con el fin de reacondicionar o reconstruir su propiedad satisfacen la prueba de uso original si fue usted quien comenzó a usar orginalmente esa propiedad en la Zona GO. How to amend taxes Propiedad excluida (sin cobertura). How to amend taxes   La propiedad calificada de la Zona GO no incluye las situaciones siguientes: Propiedad que se requiere ser depreciada utilizando el sistema alternativo de depreciación (conocido por sus siglas en inglés, ADS). How to amend taxes Cualquier parte de una propiedad que sea financiada con las ganancias de una obligación exenta de impuesto conforme a la sección 103. How to amend taxes Propiedad por la cual reclama una deducción por revitalización comercial. How to amend taxes Cualquier propiedad utilizada en conexión con cualquier centro de golf, club campestre, salón de masajes, establecimiento de baños de belleza y establecimientos de bronceado o cualesquier establecimientos, privados o comerciales, cuya actividad comercial principal sea la venta de bebidas alcohólicas para el consumo fuera de los locales. How to amend taxes Cualquier propiedad para las apuestas de juego o de carreras de animales (según se define más adelante). How to amend taxes Propiedad dentro de la misma categoría que aquella por la cual optó por no reclamar una asignación (descuento) especial por depreciación de la Zona GO. How to amend taxes   Una propiedad o bien dedicado a las apuestas o a las carreras de animales se define como: Cualquier equipo, mueble, programa de computación u otros bienes utilizados directamente en actividades de juego con apuestas, carreras de animales o para ver dichas carreras en un estableci
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How to amend taxes Publication 925 - Main Content Table of Contents Passive Activity LimitsWho Must Use These Rules? Passive Activity Loss Passive Activity Credit Publicly Traded Partnership Excess Farm Loss Passive Activities Activities That Are Not Passive Activities Passive Activity Income and Deductions Grouping Your Activities Recharacterization of Passive Income Dispositions How To Report Your Passive Activity Loss Comprehensive ExampleGeneral Information At-Risk LimitsWho Is Affected? Activities Covered by the At-Risk Rules At-Risk Amounts Amounts Not At Risk Reductions of Amounts At Risk Recapture Rule How To Get Tax HelpLow Income Taxpayer Clinics Passive Activity Limits Who Must Use These Rules? The passive activity rules apply to: Individuals, Estates, Trusts (other than grantor trusts), Personal service corporations, and Closely held corporations. How to amend taxes Even though the rules do not apply to grantor trusts, partnerships, and S corporations directly, they do apply to the owners of these entities. How to amend taxes For information about personal service corporations and closely held corporations, including definitions and how the passive activity rules apply to these corporations, see Form 8810 and its instructions. How to amend taxes Before applying the passive activity limits, you must first determine the amount of the deductions disallowed under the basis, excess farm loss, or at-risk rules. How to amend taxes See Passive Activity Deductions, later. How to amend taxes Passive Activity Loss Generally, the passive activity loss for the tax year is not allowed. How to amend taxes However, there is a special allowance under which some or all of your passive activity loss may be allowed. How to amend taxes See Special $25,000 allowance , later. How to amend taxes Definition of passive activity loss. How to amend taxes    Generally, your passive activity loss for the tax year is the excess of your passive activity deductions over your passive activity gross income. How to amend taxes See Passive Activity Income and Deductions , later. How to amend taxes   For a closely held corporation, the passive activity loss is the excess of passive activity deductions over the sum of passive activity gross income and net active income. How to amend taxes For details on net active income, see the Instructions for Form 8810. How to amend taxes For the definition of passive activity gross income, see Passive Activity Income , later. How to amend taxes For the definition of passive activity deductions, see Passive Activity Deductions , later. How to amend taxes Identification of Disallowed Passive Activity Deductions If all or a part of your passive activity loss is disallowed for the tax year, you may need to allocate the disallowed passive activity loss among different passive activities and among different deductions within a passive activity. How to amend taxes Allocation of disallowed passive activity loss among activities. How to amend taxes   If all or any part of your passive activity loss is disallowed for the tax year, a ratable portion of the loss (if any) from each of your passive activities is disallowed. How to amend taxes The ratable portion of a loss from an activity is computed by multiplying the passive activity loss that is disallowed for the tax year by the fraction obtained by dividing: The loss from the activity for the tax year; by The sum of the losses for the tax year from all activities having losses for the tax year. How to amend taxes Use Worksheet 5 of Form 8582 to figure the ratable portion of the loss from each activity that is disallowed. How to amend taxes Loss from an activity. How to amend taxes   The term “loss from an activity” means: The amount by which the passive activity deductions (defined later) from the activity for the tax year exceed the passive activity gross income (defined later) from the activity for the tax year; reduced by Any part of such amount that is allowed under the Special $25,000 Allowance , later. How to amend taxes   If your passive activity gross income from significant participation passive activities (defined later) for the tax year is more than your passive activity deductions from those activities for the tax year, those activities shall be treated, solely for purposes of figuring your loss from the activity, as a single activity that does not have a loss for such taxable year. How to amend taxes See Significant Participation Passive Activities , later. How to amend taxes Example. How to amend taxes John Pine holds interests in three passive activities, A, B, and C. How to amend taxes The gross income and deductions from these activities for the taxable year are as follows:   A B C Total Gross income $7,000 $4,000 $12,000 $23,000 Deductions (16,000) (20,000) (8,000) (44,000)           Net income (loss) ($9,000) ($16,000) $4,000 ($21,000)   John Pine’s $21,000 passive activity loss for the taxable year is disallowed. How to amend taxes Therefore, a ratable portion of the losses from activities A and B is disallowed. How to amend taxes He figures the disallowed portion of each loss as follows: A: $21,000 x $9,000/$25,000 $7,560 B: $21,000 x $16,000/$25,000 13,440     Total $21,000 Allocation within loss activities. How to amend taxes   If all or any part of your loss from an activity is disallowed under Allocation of disallowed passive activity loss among activities for the tax year, a ratable portion of each of your passive activity deductions (defined later), other than an excluded deduction (defined below) from such activity is disallowed. How to amend taxes The ratable portion of a passive activity deduction is the amount of the disallowed portion of the loss from the activity for the tax year multiplied by the fraction obtained by dividing: The amount of such deduction; by The sum of all of your passive activity deductions (other than excluded deductions) from that activity from the tax year. How to amend taxes Excluded deductions. How to amend taxes    “Excluded deduction” means any passive activity deduction that is taken into account in computing your net income from an item of property for a taxable year in which an amount of the taxpayer's gross income from such item of property is treated as not from a passive activity. How to amend taxes See Recharacterization of Passive Income , later. How to amend taxes Separately identified deductions. How to amend taxes   In identifying the deductions from an activity that are disallowed, you do not need to account separately for a deduction unless such deduction may, if separately taken into account, result in an income tax liability for any tax year different from that which would result were such deduction not taken into account separately. How to amend taxes   Use Form 8582, Worksheet 7, for any activity if you have passive activity deductions for that activity that must be separately identified. How to amend taxes   Deductions that must be accounted for separately include (but are not limited to) the following deductions. How to amend taxes Deductions that arise in a rental real estate activity in tax years in which you actively participate in such activity. How to amend taxes See Active participation , later. How to amend taxes Deductions that arise in a rental real estate activity in tax years in which you do not actively participate in such activity. How to amend taxes See Active participation , later. How to amend taxes Losses from sales or exchanges of capital assets. How to amend taxes Section 1231 losses. How to amend taxes See Section 1231 Gains and Losses in Publication 544, Sales and Other Disposition of Assets, for more information. How to amend taxes Carryover of Disallowed Deductions In the case of an activity with respect to which any deductions or credits are disallowed for a taxable year (the loss activity), the disallowed deductions are allocated among your activities for the next tax year in a manner that reasonably reflects the extent to which each activity continues the loss activity. How to amend taxes The disallowed deductions or credits allocated to an activity under the preceding sentence are treated as deductions or credits from the activity for the next tax year. How to amend taxes For more information, see Regulations section 1. How to amend taxes 469-1(f)(4). How to amend taxes Passive Activity Credit Generally, the passive activity credit for the tax year is disallowed. How to amend taxes The passive activity credit is the amount by which the sum of all your credits subject to the passive activity rules exceed your regular tax liability allocable to all passive activities for the tax year. How to amend taxes Credits that are included in figuring the general business credit are subject to the passive activity rules. How to amend taxes See the Instructions for Form 8582-CR for more information. How to amend taxes Publicly Traded Partnership You must apply the rules in this part separately to your income or loss from a passive activity held through a publicly traded partnership (PTP). How to amend taxes You also must apply the limit on passive activity credits separately to your credits from a passive activity held through a PTP. How to amend taxes You can offset deductions from passive activities of a PTP only against income or gain from passive activities of the same PTP. How to amend taxes Likewise, you can offset credits from passive activities of a PTP only against the tax on the net passive income from the same PTP. How to amend taxes This separate treatment rule also applies to a regulated investment company holding an interest in a PTP for the items attributable to that interest. How to amend taxes For more information on how to apply the passive activity loss rules to PTPs, and on how to apply the limit on passive activity credits to PTPs, see Publicly Traded Partnerships (PTPs) in the Instructions for Forms 8582 and 8582-CR, respectively. How to amend taxes Excess Farm Loss If you receive an applicable subsidy for any tax year and you have an excess farm loss for the tax year, special rules apply. How to amend taxes These rules do not apply to C corporations. How to amend taxes For information, see the Instructions for Schedule F (Form 1040), Profit or Loss From Farming. How to amend taxes Passive Activities There are two kinds of passive activities. How to amend taxes Trade or business activities in which you do not materially participate during the year. How to amend taxes Rental activities, even if you do materially participate in them, unless you are a real estate professional. How to amend taxes Material participation in a trade or business is discussed later, under Activities That Are Not Passive Activities . How to amend taxes Treatment of former passive activities. How to amend taxes   A former passive activity is an activity that was a passive activity in any earlier tax year, but is not a passive activity in the current tax year. How to amend taxes You can deduct a prior year's unallowed loss from the activity up to the amount of your current year net income from the activity. How to amend taxes Treat any remaining prior year unallowed loss like you treat any other passive loss. How to amend taxes   In addition, any prior year unallowed passive activity credits from a former passive activity offset the allocable part of your current year tax liability. How to amend taxes The allocable part of your current year tax liability is that part of this year's tax liability that is allocable to the current year net income from the former passive activity. How to amend taxes You figure this after you reduce your net income from the activity by any prior year unallowed loss from that activity (but not below zero). How to amend taxes Trade or Business Activities A trade or business activity is an activity that: Involves the conduct of a trade or business (that is, deductions would be allowable under section 162 of the Internal Revenue Code if other limitations, such as the passive activity rules, did not apply), Is conducted in anticipation of starting a trade or business, or Involves research or experimental expenditures that are deductible under Internal Revenue Code section 174 (or that would be deductible if you chose to deduct rather than capitalize them). How to amend taxes A trade or business activity does not include a rental activity or the rental of property that is incidental to an activity of holding the property for investment. How to amend taxes You generally report trade or business activities on Schedule C, C-EZ, F, or in Part II or III of Schedule E. How to amend taxes Rental Activities A rental activity is a passive activity even if you materially participated in that activity, unless you materially participated as a real estate professional. How to amend taxes See Real Estate Professional under Activities That Are Not Passive Activities, later. How to amend taxes An activity is a rental activity if tangible property (real or personal) is used by customers or held for use by customers, and the gross income (or expected gross income) from the activity represents amounts paid (or to be paid) mainly for the use of the property. How to amend taxes It does not matter whether the use is under a lease, a service contract, or some other arrangement. How to amend taxes Exceptions. How to amend taxes   Your activity is not a rental activity if any of the following apply. How to amend taxes The average period of customer use of the property is 7 days or less. How to amend taxes You figure the average period of customer use by dividing the total number of days in all rental periods by the number of rentals during the tax year. How to amend taxes If the activity involves renting more than one class of property, multiply the average period of customer use of each class by a fraction. How to amend taxes The numerator of the fraction is the gross rental income from that class of property and the denominator is the activity's total gross rental income. How to amend taxes The activity's average period of customer use will equal the sum of the amounts for each class. How to amend taxes The average period of customer use of the property, as figured in (1) above, is 30 days or less and you provide significant personal services with the rentals. How to amend taxes Significant personal services include only services performed by individuals. How to amend taxes To determine if personal services are significant, all relevant facts and circumstances are taken into consideration, including the frequency of the services, the type and amount of labor required to perform the services, and the value of the services relative to the amount charged for use of the property. How to amend taxes Significant personal services do not include the following. How to amend taxes Services needed to permit the lawful use of the property, Services to repair or improve property that would extend its useful life for a period substantially longer than the average rental, and Services that are similar to those commonly provided with long-term rentals of real estate, such as cleaning and maintenance of common areas or routine repairs. How to amend taxes You provide extraordinary personal services in making the rental property available for customer use. How to amend taxes Services are extraordinary personal services if they are performed by individuals and the customers' use of the property is incidental to their receipt of the services. How to amend taxes The rental is incidental to a nonrental activity. How to amend taxes The rental of property is incidental to an activity of holding property for investment if the main purpose of holding the property is to realize a gain from its appreciation and the gross rental income from the property is less than 2% of the smaller of the property's unadjusted basis or fair market value. How to amend taxes The unadjusted basis of property is its cost not reduced by depreciation or any other basis adjustment. How to amend taxes The rental of property is incidental to a trade or business activity if all of the following apply. How to amend taxes You own an interest in the trade or business activity during the year. How to amend taxes The rental property was used mainly in that trade or business activity during the current year, or during at least 2 of the 5 preceding tax years. How to amend taxes Your gross rental income from the property is less than 2% of the smaller of its unadjusted basis or fair market value. How to amend taxes Lodging provided to an employee or the employee's spouse or dependents is incidental to the activity or activities in which the employee performs services if the lodging is furnished for the employer's convenience. How to amend taxes You customarily make the rental property available during defined business hours for nonexclusive use by various customers. How to amend taxes You provide the property for use in a nonrental activity in your capacity as an owner of an interest in the partnership, S corporation, or joint venture conducting that activity. How to amend taxes    If you meet any of the exceptions listed above, see the instructions for Form 8582 for information about how to report any income or loss from the activity. How to amend taxes Special $25,000 allowance. How to amend taxes   If you or your spouse actively participated in a passive rental real estate activity, the amount of the passive activity loss that is disallowed is decreased and you therefore can deduct up to $25,000 of loss from the activity from your nonpassive income. How to amend taxes This special allowance is an exception to the general rule disallowing the passive activity loss. How to amend taxes Similarly, you can offset credits from the activity against the tax on up to $25,000 of nonpassive income after taking into account any losses allowed under this exception. How to amend taxes   If you are married, filing a separate return, and lived apart from your spouse for the entire tax year, your special allowance cannot be more than $12,500. How to amend taxes If you lived with your spouse at any time during the year and are filing a separate return, you cannot use the special allowance to reduce your nonpassive income or tax on nonpassive income. How to amend taxes   The maximum special allowance is reduced if your modified adjusted gross income exceeds certain amounts. How to amend taxes See Phaseout rule , later. How to amend taxes Example. How to amend taxes Kate, a single taxpayer, has $70,000 in wages, $15,000 income from a limited partnership, a $26,000 loss from rental real estate activities in which she actively participated, and is not subject to the modified adjusted gross income phaseout rule. How to amend taxes She can use $15,000 of her $26,000 loss to offset her $15,000 passive income from the partnership. How to amend taxes She actively participated in her rental real estate activities, so she can use the remaining $11,000 rental real estate loss to offset $11,000 of her nonpassive income (wages). How to amend taxes Commercial revitalization deduction (CRD). How to amend taxes   The special allowance must first be applied to losses from rental real estate activities figured without the CRD. How to amend taxes Any remaining part of the special allowance is available for the CRD from the rental real estate activities and is not subject to the active participation rules or the phaseout based on modified adjusted gross income. How to amend taxes You cannot claim a CRD for a building placed in service after December 31, 2009. How to amend taxes Active participation. How to amend taxes   Active participation is not the same as material participation (defined later). How to amend taxes Active participation is a less stringent standard than material participation. How to amend taxes For example, you may be treated as actively participating if you make management decisions in a significant and bona fide sense. How to amend taxes Management decisions that count as active participation include approving new tenants, deciding on rental terms, approving expenditures, and similar decisions. How to amend taxes   Only individuals can actively participate in rental real estate activities. How to amend taxes However, a decedent's estate is treated as actively participating for its tax years ending less than 2 years after the decedent's death, if the decedent would have satisfied the active participation requirement for the activity for the tax year the decedent died. How to amend taxes   A decedent's qualified revocable trust can also be treated as actively participating if both the trustee and the executor (if any) of the estate choose to treat the trust as part of the estate. How to amend taxes The choice applies to tax years ending after the decedent's death and before: 2 years after the decedent's death if no estate tax return is required, or 6 months after the estate tax liability is finally determined if an estate tax return is required. How to amend taxes   The choice is irrevocable and cannot be made later than the due date for the estate's first income tax return (including any extensions). How to amend taxes   Limited partners are not treated as actively participating in a partnership's rental real estate activities. How to amend taxes   You are not treated as actively participating in a rental real estate activity unless your interest in the activity (including your spouse's interest) was at least 10% (by value) of all interests in the activity throughout the year. How to amend taxes   Active participation is not required to take the low-income housing credit, the rehabilitation investment credit, or CRD from rental real estate activities. How to amend taxes Example. How to amend taxes Mike, a single taxpayer, had the following income and loss during the tax year: Salary $42,300 Dividends 300 Interest 1,400 Rental loss (4,000) The rental loss came from a house Mike owned. How to amend taxes He advertised and rented the house to the current tenant himself. How to amend taxes He also collected the rents and did the repairs or hired someone to do them. How to amend taxes Even though the rental loss is a loss from a passive activity, Mike can use the entire $4,000 loss to offset his other income because he actively participated. How to amend taxes Phaseout rule. How to amend taxes   The maximum special allowance of $25,000 ($12,500 for married individuals filing separate returns and living apart at all times during the year) is reduced by 50% of the amount of your modified adjusted gross income that is more than $100,000 ($50,000 if you are married filing separately). How to amend taxes If your modified adjusted gross income is $150,000 or more ($75,000 or more if you are married filing separately), you generally cannot use the special allowance. How to amend taxes    Modified adjusted gross income for this purpose is your adjusted gross income figured without the following. How to amend taxes Taxable social security and tier 1 railroad retirement benefits. How to amend taxes Deductible contributions to individual retirement accounts (IRAs) and section 501(c)(18) pension plans. How to amend taxes The exclusion from income of interest from qualified U. How to amend taxes S. How to amend taxes savings bonds used to pay qualified higher education expenses. How to amend taxes The exclusion from income of amounts received from an employer's adoption assistance program. How to amend taxes Passive activity income or loss included on Form 8582. How to amend taxes Any rental real estate loss allowed because you materially participated in the rental activity as a Real Estate Professional (as discussed later, under Activities That Are Not Passive Activities). How to amend taxes Any overall loss from a publicly traded partnership (see Publicly Traded Partnerships (PTPs) in the instructions for Form 8582). How to amend taxes The deduction for the employer-equivalent portion of self-employment tax. How to amend taxes The deduction for domestic production activities. How to amend taxes The deduction allowed for interest on student loans. How to amend taxes The deduction for qualified tuition and related expenses. How to amend taxes Example. How to amend taxes During 2013, John was unmarried and was not a real estate professional. How to amend taxes For 2013, he had $120,000 in salary and a $31,000 loss from his rental real estate activities in which he actively participated. How to amend taxes His modified adjusted gross income is $120,000. How to amend taxes When he files his 2013 return, he can deduct only $15,000 of his passive activity loss. How to amend taxes He must carry over the remaining $16,000 passive activity loss to 2014. How to amend taxes He figures his deduction and carryover as follows: Adjusted gross income, modified as required $120,000       Minus amount not subject to phaseout 100,000 Amount subject to phaseout rule $20,000 Multiply by 50% × 50% Required reduction to special allowance $10,000 Maximum special allowance $25,000 Minus required reduction (see above) 10,000 Adjusted special allowance $15,000 Passive loss from rental real estate $31,000 Deduction allowable/Adjusted  special allowance (see above) 15,000       Amount that must be carried forward $16,000 Exceptions to the phaseout rules. How to amend taxes   A higher phaseout range applies to rehabilitation investment credits from rental real estate activities. How to amend taxes For those credits, the phaseout of the $25,000 special allowance starts when your modified adjusted gross income exceeds $200,000 ($100,000 if you are a married individual filing a separate return and living apart at all times during the year). How to amend taxes   There is no phaseout of the $25,000 special allowance for low-income housing credits or for the CRD. How to amend taxes Ordering rules. How to amend taxes   If you have more than one of the exceptions to the phaseout rules in the same tax year, you must apply the $25,000 phaseout against your passive activity losses and credits in the following order. How to amend taxes The portion of passive activity losses not attributable to the CRD. How to amend taxes The portion of passive activity losses attributable to the CRD. How to amend taxes The portion of passive activity credits attributable to credits other than the rehabilitation and low-income housing credits. How to amend taxes The portion of passive activity credits attributable to the rehabilitation credit. How to amend taxes The portion of passive activity credits attributable to the low-income housing credit. How to amend taxes Activities That Are Not Passive Activities The following are not passive activities. How to amend taxes Trade or business activities in which you materially participated for the tax year. How to amend taxes A working interest in an oil or gas well which you hold directly or through an entity that does not limit your liability (such as a general partner interest in a partnership). How to amend taxes It does not matter whether you materially participated in the activity for the tax year. How to amend taxes However, if your liability was limited for part of the year (for example, you converted your general partner interest to a limited partner interest during the year) and you had a net loss from the well for the year, some of your income and deductions from the working interest may be treated as passive activity gross income and passive activity deductions. How to amend taxes  See Temporary Regulations section 1. How to amend taxes 469-1T(e)(4)(ii). How to amend taxes The rental of a dwelling unit that you also used for personal purposes during the year for more than the greater of 14 days or 10% of the number of days during the year that the home was rented at a fair rental. How to amend taxes An activity of trading personal property for the account of those who own interests in the activity. How to amend taxes See Temporary Regulations section 1. How to amend taxes 469-1T(e)(6). How to amend taxes Rental real estate activities in which you materially participated as a real estate professional. How to amend taxes See Real Estate Professional , later. How to amend taxes You should not enter income and losses from these activities on Form 8582. How to amend taxes Instead, enter them on the forms or schedules you would normally use. How to amend taxes Material Participation A trade or business activity is not a passive activity if you materially participated in the activity. How to amend taxes Material participation tests. How to amend taxes    You materially participated in a trade or business activity for a tax year if you satisfy any of the following tests. How to amend taxes You participated in the activity for more than 500 hours. How to amend taxes Your participation was substantially all the participation in the activity of all individuals for the tax year, including the participation of individuals who did not own any interest in the activity. How to amend taxes You participated in the activity for more than 100 hours during the tax year, and you participated at least as much as any other individual (including individuals who did not own any interest in the activity) for the year. How to amend taxes The activity is a significant participation activity, and you participated in all significant participation activities for more than 500 hours. How to amend taxes A significant participation activity is any trade or business activity in which you participated for more than 100 hours during the year and in which you did not materially participate under any of the material participation tests, other than this test. How to amend taxes See Significant Participation Passive Activities , under Recharacterization of Passive Income, later. How to amend taxes You materially participated in the activity for any 5 (whether or not consecutive) of the 10 immediately preceding tax years. How to amend taxes The activity is a personal service activity in which you materially participated for any 3 (whether or not consecutive) preceding tax years. How to amend taxes An activity is a personal service activity if it involves the performance of personal services in the fields of health (including veterinary services), law, engineering, architecture, accounting, actuarial science, performing arts, consulting, or any other trade or business in which capital is not a material income-producing factor. How to amend taxes Based on all the facts and circumstances, you participated in the activity on a regular, continuous, and substantial basis during the year. How to amend taxes   You did not materially participate in the activity under test (7) if you participated in the activity for 100 hours or less during the year. How to amend taxes Your participation in managing the activity does not count in determining whether you materially participated under this test if: Any person other than you received compensation for managing the activity, or Any individual spent more hours during the tax year managing the activity than you did (regardless of whether the individual was compensated for the management services). How to amend taxes Participation. How to amend taxes   In general, any work you do in connection with an activity in which you own an interest is treated as participation in the activity. How to amend taxes Work not usually performed by owners. How to amend taxes   You do not treat the work you do in connection with an activity as participation in the activity if both of the following are true. How to amend taxes The work is not work that is customarily done by the owner of that type of activity. How to amend taxes One of your main reasons for doing the work is to avoid the disallowance of any loss or credit from the activity under the passive activity rules. How to amend taxes Participation as an investor. How to amend taxes   You do not treat the work you do in your capacity as an investor in an activity as participation unless you are directly involved in the day-to-day management or operations of the activity. How to amend taxes Work you do as an investor includes: Studying and reviewing financial statements or reports on operations of the activity, Preparing or compiling summaries or analyses of the finances or operations of the activity for your own use, and Monitoring the finances or operations of the activity in a nonmanagerial capacity. How to amend taxes Spouse's participation. How to amend taxes   Your participation in an activity includes your spouse's participation. How to amend taxes This applies even if your spouse did not own any interest in the activity and you and your spouse do not file a joint return for the year. How to amend taxes Proof of participation. How to amend taxes You can use any reasonable method to prove your participation in an activity for the year. How to amend taxes You do not have to keep contemporaneous daily time reports, logs, or similar documents if you can establish your participation in some other way. How to amend taxes For example, you can show the services you performed and the approximate number of hours spent by using an appointment book, calendar, or narrative summary. How to amend taxes Limited partners. How to amend taxes   If you owned an activity as a limited partner, you generally are not treated as materially participating in the activity. How to amend taxes However, you are treated as materially participating in the activity if you met test (1), (5), or (6) under Material participation tests , discussed earlier, for the tax year. How to amend taxes   You are not treated as a limited partner, however, if you also were a general partner in the partnership at all times during the partnership's tax year ending with or within your tax year (or, if shorter, during that part of the partnership's tax year in which you directly or indirectly owned your limited partner interest). How to amend taxes Retired or disabled farmer and surviving spouse of a farmer. How to amend taxes   If you are a retired or disabled farmer, you are treated as materially participating in a farming activity if you materially participated for 5 or more of the 8 years before your retirement or disability. How to amend taxes Similarly, if you are a surviving spouse of a farmer, you are treated as materially participating in a farming activity if the real property used in the activity meets the estate tax rules for special valuation of farm property passed from a qualifying decedent, and you actively manage the farm. How to amend taxes Corporations. How to amend taxes   A closely held corporation or a personal service corporation is treated as materially participating in an activity only if one or more shareholders holding more than 50% by value of the outstanding stock of the corporation materially participate in the activity. How to amend taxes   A closely held corporation can also satisfy the material participation standard by meeting the first two requirements for the qualifying business exception from the at-risk limits. How to amend taxes See Special exception for qualified corporations under Activities Covered by the At-Risk Rules, later. How to amend taxes Real Estate Professional Generally, rental activities are passive activities even if you materially participated in them. How to amend taxes However, if you qualified as a real estate professional, rental real estate activities in which you materially participated are not passive activities. How to amend taxes For this purpose, each interest you have in a rental real estate activity is a separate activity, unless you choose to treat all interests in rental real estate activities as one activity. How to amend taxes See the Instructions for Schedule E (Form 1040), Supplemental Income and Loss, for information about making this choice. How to amend taxes If you qualified as a real estate professional for 2013, report income or losses from rental real estate activities in which you materially participated as nonpassive income or losses, and complete line 43 of Schedule E (Form 1040). How to amend taxes If you also have an unallowed loss from these activities from an earlier year when you did not qualify, see Treatment of former passive activities under Passive Activities, earlier. How to amend taxes Qualifications. How to amend taxes   You qualified as a real estate professional for the year if you met both of the following requirements. How to amend taxes More than half of the personal services you performed in all trades or businesses during the tax year were performed in real property trades or businesses in which you materially participated. How to amend taxes You performed more than 750 hours of services during the tax year in real property trades or businesses in which you materially participated. How to amend taxes   Do not count personal services you performed as an employee in real property trades or businesses unless you were a 5% owner of your employer. How to amend taxes You were a 5% owner if you owned (or are considered to have owned) more than 5% of your employer's outstanding stock, outstanding voting stock, or capital or profits interest. How to amend taxes   If you file a joint return, do not count your spouse's personal services to determine whether you met the preceding requirements. How to amend taxes However, you can count your spouse's participation in an activity in determining if you materially participated. How to amend taxes Real property trades or businesses. How to amend taxes   A real property trade or business is a trade or business that does any of the following with real property. How to amend taxes Develops or redevelops it. How to amend taxes Constructs or reconstructs it. How to amend taxes Acquires it. How to amend taxes Converts it. How to amend taxes Rents or leases it. How to amend taxes Operates or manages it. How to amend taxes Brokers it. How to amend taxes Closely held corporations. How to amend taxes   A closely held corporation can qualify as a real estate professional if more than 50% of the gross receipts for its tax year came from real property trades or businesses in which it materially participated. How to amend taxes Passive Activity Income and Deductions In figuring your net income or loss from a passive activity, take into account only passive activity income and passive activity deductions. How to amend taxes Self-charged interest. How to amend taxes   Certain self-charged interest income or deductions may be treated as passive activity gross income or passive activity deductions if the loan proceeds are used in a passive activity. How to amend taxes   Generally, self-charged interest income and deductions result from loans between you and a partnership or S corporation in which you had a direct or indirect ownership interest. How to amend taxes This includes both loans you made to the partnership or S corporation and loans the partnership or S corporation made to you. How to amend taxes   It also includes loans from one partnership or S corporation to another partnership or S corporation if each owner in the borrowing entity has the same proportional ownership interest in the lending entity. How to amend taxes    Exception. How to amend taxes The self-charged interest rules do not apply to your interest in a partnership or S corporation if the entity made an election under Regulations section 1. How to amend taxes 469-7(g) to avoid the application of these rules. How to amend taxes For more details on the self-charged interest rules, see Regulations section 1. How to amend taxes 469-7. How to amend taxes Passive Activity Income Passive activity income includes all income from passive activities and generally includes gain from disposition of an interest in a passive activity or property used in a passive activity. How to amend taxes Passive activity income does not include the following items. How to amend taxes Income from an activity that is not a passive activity. How to amend taxes These activities are discussed under Activities That Are Not Passive Activities , earlier. How to amend taxes Portfolio income. How to amend taxes This includes interest, dividends, annuities, and royalties not derived in the ordinary course of a trade or business. How to amend taxes It includes gain or loss from the disposition of property that produces these types of income or that is held for investment. How to amend taxes The exclusion for portfolio income does not apply to self-charged interest treated as passive activity income. How to amend taxes For more information on self-charged interest, see Self-charged interest , earlier. How to amend taxes Personal service income. How to amend taxes This includes salaries, wages, commissions, self-employment income from trade or business activities in which you materially participated, deferred compensation, taxable social security and other retirement benefits, and payments from partnerships to partners for personal services. How to amend taxes Income from positive section 481 adjustments allocated to activities other than passive activities. How to amend taxes (Section 481 adjustments are adjustments that must be made due to changes in your accounting method. How to amend taxes ) Income or gain from investments of working capital. How to amend taxes Income from an oil or gas property if you treated any loss from a working interest in the property for any tax year beginning after 1986 as a nonpassive loss, as discussed in item (2) under Activities That Are Not Passive Activities , earlier. How to amend taxes This also applies to income from other oil and gas property the basis of which is determined wholly or partly by the basis of the property in the preceding sentence. How to amend taxes Any income from intangible property, such as a patent, copyright, or literary, musical, or artistic composition, if your personal efforts significantly contributed to the creation of the property. How to amend taxes Any other income that must be treated as nonpassive income. How to amend taxes See Recharacterization of Passive Income , later. How to amend taxes Overall gain from any interest in a publicly traded partnership. How to amend taxes See Publicly Traded Partnerships (PTPs) in the instructions for Form 8582. How to amend taxes State, local, and foreign income tax refunds. How to amend taxes Income from a covenant not to compete. How to amend taxes Reimbursement of a casualty or theft loss included in gross income to recover all or part of a prior year loss deduction, if the loss deduction was not a passive activity deduction. How to amend taxes Alaska Permanent Fund dividends. How to amend taxes Cancellation of debt income, if at the time the debt is discharged the debt is not allocated to passive activities under the interest expense allocation rules. How to amend taxes See chapter 4 of Publication 535, Business Expenses, for information about the rules for allocating interest. How to amend taxes Disposition of property interests. How to amend taxes   Gain on the disposition of an interest in property generally is passive activity income if, at the time of the disposition, the property was used in an activity that was a passive activity in the year of disposition. How to amend taxes The gain generally is not passive activity income if, at the time of disposition, the property was used in an activity that was not a passive activity in the year of disposition. How to amend taxes An exception to this general rule may apply if you previously used the property in a different activity. How to amend taxes Exception for more than one use in the preceding 12 months. How to amend taxes   If you used the property in more than one activity during the 12-month period before its disposition, you must allocate the gain between the activities on a basis that reasonably reflects the property's use during that period. How to amend taxes Any gain allocated to a passive activity is passive activity income. How to amend taxes   For this purpose, an allocation of the gain solely to the activity in which the property was mainly used during that period reasonably reflects the property's use if the fair market value of your interest in the property is not more than the lesser of: $10,000, or 10% of the total of the fair market value of your interest in the property and the fair market value of all other property used in that activity immediately before the disposition. How to amend taxes Exception for substantially appreciated property. How to amend taxes   The gain is passive activity income if the fair market value of the property at disposition was more than 120% of its adjusted basis and either of the following conditions applies. How to amend taxes You used the property in a passive activity for 20% of the time you held your interest in the property. How to amend taxes You used the property in a passive activity for the entire 24-month period before its disposition. How to amend taxes If neither condition applies, the gain is not passive activity income. How to amend taxes However, it is treated as portfolio income only if you held the property for investment for more than half of the time you held it in nonpassive activities. How to amend taxes   For this purpose, treat property you held through a corporation (other than an S corporation) or other entity whose owners receive only portfolio income as property held in a nonpassive activity and as property held for investment. How to amend taxes Also, treat the date you agree to transfer your interest for a fixed or determinable amount as the disposition date. How to amend taxes   If you used the property in more than one activity during the 12-month period before its disposition, this exception applies only to the part of the gain allocated to a passive activity under the rules described in the preceding discussion. How to amend taxes Disposition of property converted to inventory. How to amend taxes   If you disposed of property that you had converted to inventory from its use in another activity (for example, you sold condominium units you previously held for use in a rental activity), a special rule may apply. How to amend taxes Under this rule, you disregard the property's use as inventory and treat it as if it were still used in that other activity at the time of disposition. How to amend taxes This rule applies only if you meet all of the following conditions. How to amend taxes At the time of disposition, you held your interest in the property in a dealing activity (an activity that involves holding the property or similar property mainly for sale to customers in the ordinary course of a trade or business). How to amend taxes Your other activities included a nondealing activity (an activity that does not involve holding similar property for sale to customers in the ordinary course of a trade or business) in which you used the property for more than 80% of the period you held it. How to amend taxes You did not acquire or hold your interest in the property for the main purpose of selling it to customers in the ordinary course of a trade or business. How to amend taxes Passive Activity Deductions Generally, a deduction is a passive activity deduction for a taxable year if and only if such deduction either: Arises in connection with the conduct of an activity that is a passive activity for the tax year; or Is treated as a deduction from an activity for the tax year because it was disallowed by the passive activity rules in the preceding year and carried forward to the tax year. How to amend taxes For purposes of item (1), above, an item of deduction arises in the taxable year in which the item would be allowable as a deduction under the taxpayer's method of accounting if taxable income for all taxable years were determined without regard to the passive activity rules and without regard to the basis, excess farm loss, and at-risk limits. How to amend taxes See Coordination with other limitations on deductions that apply before the passive activity rules , later. How to amend taxes Passive activity deductions generally include losses from dispositions of property used in a passive activity at the time of the disposition and losses from a disposition of less than your entire interest in a passive activity. How to amend taxes Exceptions. How to amend taxes   Passive activity deductions do not include the following items. How to amend taxes Deductions for expenses (other than interest expense) that are clearly and directly allocable to portfolio income. How to amend taxes Qualified home mortgage interest, capitalized interest expenses, and other interest expenses (other than self-charged interest) properly allocable to passive activities. How to amend taxes For more information on self-charged interest, see Self-charged interest under Passive Activity Income and Deductions, earlier. How to amend taxes Losses from dispositions of property that produce portfolio income or property held for investment. How to amend taxes State, local, and foreign income taxes. How to amend taxes Miscellaneous itemized deductions that may be disallowed because of the 2%-of-adjusted-gross-income limit. How to amend taxes Charitable contribution deductions. How to amend taxes Net operating loss deductions. How to amend taxes Percentage depletion carryovers for oil and gas wells. How to amend taxes Capital loss carrybacks and carryovers. How to amend taxes Items of deduction from a passive activity that are disallowed under the limits on deductions that apply before the passive activity rules. How to amend taxes See Coordination with other limitations on deductions that apply before the passive activity rules , later. How to amend taxes Deductions and losses that would have been allowed for tax years beginning before 1987 but for basis or at-risk limits. How to amend taxes Net negative section 481 adjustments allocated to activities other than passive activities. How to amend taxes (Section 481 adjustments are adjustments required due to changes in accounting methods. How to amend taxes ) Casualty and theft losses, unless losses similar in cause and severity recur regularly in the activity. How to amend taxes The deduction for the employer-equivalent portion of self-employment tax. How to amend taxes Coordination with other limitations on deductions that apply before the passive activity rules. How to amend taxes   An item of deduction from a passive activity that is disallowed for a tax year under the basis or at-risk limitations is not a passive activity deduction for the tax year. How to amend taxes The following sections provide rules for figuring the extent to which items of deduction from a passive activity are disallowed for a tax year under the basis or at-risk limitations. How to amend taxes Proration of deductions disallowed under basis limitations. How to amend taxes   If any amount of your distributive share of a partnership's loss for the tax year is disallowed under the basis limitation, a ratable portion of your distributive share of each item of deduction or loss of the partnership is disallowed for the tax year. How to amend taxes For this purpose, the ratable portion of an item of deduction or loss is the amount of such item multiplied by the fraction obtained by dividing: The amount of your distributive share of partnership loss that is disallowed for the taxable year; by The sum of your distributive shares of all items of deduction and loss of the partnership for the tax year. How to amend taxes   If any amount of your pro rata share of an S corporation's loss for the tax year is disallowed under the basis limitation, a ratable portion of your pro rata share of each item of deduction or loss of the S corporation is disallowed for the tax year. How to amend taxes For this purpose, the ratable portion of an item of deduction or loss is the amount of such item multiplied by the fraction obtained by dividing: The amount of your share of S corporation loss that is disallowed for the tax year; by The sum of your pro rata shares of all items of deduction and loss of the corporation for the tax year. How to amend taxes Proration of deductions disallowed under at-risk limitation. How to amend taxes   If any amount of your loss from an activity (as defined in Activities Covered by the At-Risk Rules , later) is disallowed under the at-risk rules for the tax year, a ratable portion of each item of deduction or loss from the activity is disallowed for the tax year. How to amend taxes For this purpose, the ratable portion of an item of deduction or loss is the amount of such item multiplied by the fraction obtained by dividing: The amount of the loss from the activity that is disallowed for the tax year; by The sum of all deductions from the activity for the taxable year. How to amend taxes Coordination of basis and at-risk limitations. How to amend taxes   The portion of any item of deduction or loss that is disallowed for the tax year under the basis limitations is not taken into account for the taxable year in determining the loss from an activity (as defined in Activities Covered by the At-Risk Rules , later) for purposes of applying the at-risk rules. How to amend taxes Separately identified items of deduction and loss. How to amend taxes   In identifying the items of deduction and loss from an activity that are not disallowed under the basis and at-risk limitations (and that therefore may be treated as passive activity deductions), you need not account separately for any item of deduction or loss unless such item may, if separately taken into account, result in an income tax liability different from that which would result were such item of deduction or loss taken into account separately. How to amend taxes   Items of deduction or loss that must be accounted for separately include (but are not limited to) items of deduction or loss that: Are attributable to separate activities. How to amend taxes See Grouping Your Activities , later. How to amend taxes Arise in a rental real estate activity in tax years in which you actively participate in such activity; Arise in a rental real estate activity in taxable years in which you do not actively participate in such activity; Arose in a taxable year beginning before 1987 and were not allowed for such taxable year under the basis or at-risk limitations; Are taken into account under section 613A(d) (relating to limitations on certain depletion deductions); Are taken into account under section 1211 (relating to the limitation on capital losses); Are taken into account under section 1231 (relating to property used in a trade or business and involuntary conversions). How to amend taxes See Section 1231 Gains and Losses in Publication 544 for more information. How to amend taxes Are attributable to pre-enactment interests in activities. How to amend taxes See Regulations section 1. How to amend taxes 469-11T(c). How to amend taxes Grouping Your Activities You can treat one or more trade or business activities, or rental activities, as a single activity if those activities form an appropriate economic unit for measuring gain or loss under the passive activity rules. How to amend taxes Grouping is important for a number of reasons. How to amend taxes If you group two activities into one larger activity, you need only show material participation in the activity as a whole. How to amend taxes But if the two activities are separate, you must show material participation in each one. How to amend taxes On the other hand, if you group two activities into one larger activity and you dispose of one of the two, then you have disposed of only part of your entire interest in the activity. How to amend taxes But if the two activities are separate and you dispose of one of them, then you have disposed of your entire interest in that activity. How to amend taxes Grouping can also be important in determining whether you meet the 10% ownership requirement for actively participating in a rental real estate activity. How to amend taxes Appropriate Economic Units Generally, to determine if activities form an appropriate economic unit, you must consider all the relevant facts and circumstances. How to amend taxes You can use any reasonable method of applying the relevant facts and circumstances in grouping activities. How to amend taxes The following factors have the greatest weight in determining whether activities form an appropriate economic unit. How to amend taxes All of the factors do not have to apply to treat more than one activity as a single activity. How to amend taxes The factors that you should consider are: The similarities and differences in the types of trades or businesses, The extent of common control, The extent of common ownership, The geographical location, and The interdependencies between or among activities, which may include the extent to which the activities: Buy or sell goods between or among themselves, Involve products or services that are generally provided together, Have the same customers, Have the same employees, or Use a single set of books and records to account for the activities. How to amend taxes Example 1. How to amend taxes John Jackson owns a bakery and a movie theater at a shopping mall in Baltimore and a bakery and movie theater in Philadelphia. How to amend taxes Based on all the relevant facts and circumstances, there may be more than one reasonable method for grouping John's activities. How to amend taxes For example, John may be able to group the movie theaters and the bakeries into: One activity, A movie theater activity and a bakery activity, A Baltimore activity and a Philadelphia activity, or Four separate activities. How to amend taxes Example 2. How to amend taxes Betty is a partner in ABC partnership, which sells nonfood items to grocery stores. How to amend taxes Betty is also a partner in DEF (a trucking business). How to amend taxes ABC and DEF are under common control. How to amend taxes The main part of DEF's business is transporting goods for ABC. How to amend taxes DEF is the only trucking business in which Betty is involved. How to amend taxes Based on the rules of this section, Betty treats ABC's wholesale activity and DEF's trucking activity as a single activity. How to amend taxes Consistency and disclosure requirement. How to amend taxes   Generally, when you group activities into appropriate economic units, you may not regroup those activities in a later tax year. How to amend taxes You must meet any disclosure requirements of the IRS when you first group your activities and when you add or dispose of any activities in your groupings. How to amend taxes   However, if the original grouping is clearly inappropriate or there is a material change in the facts and circumstances that makes the original grouping clearly inappropriate, you must regroup the activities and comply with any disclosure requirements of the IRS. How to amend taxes   See Disclosure Requirement , later. How to amend taxes Regrouping by the IRS. How to amend taxes   If any of the activities resulting from your grouping is not an appropriate economic unit and one of the primary purposes of your grouping (or failure to regroup) is to avoid the passive activity rules, the IRS may regroup your activities. How to amend taxes Rental activities. How to amend taxes   In general, you cannot group a rental activity with a trade or business activity. How to amend taxes However, you can group them together if the activities form an appropriate economic unit and: The rental activity is insubstantial in relation to the trade or business activity, The trade or business activity is insubstantial in relation to the rental activity, or Each owner of the trade or business activity has the same ownership interest in the rental activity, in which case the part of the rental activity that involves the rental of items of property for use in the trade or business activity may be grouped with the trade or business activity. How to amend taxes Example. How to amend taxes Herbert and Wilma are married and file a joint return. How to amend taxes Healthy Food, an S corporation, is a grocery store business. How to amend taxes Herbert is Healthy Food's only shareholder. How to amend taxes Plum Tower, an S corporation, owns and rents out the building. How to amend taxes Wilma is Plum Tower's only shareholder. How to amend taxes Plum Tower rents part of its building to Healthy Food. How to amend taxes Plum Tower's grocery store rental business and Healthy Food's grocery business are not insubstantial in relation to each other. How to amend taxes Herbert and Wilma file a joint return, so they are treated as one taxpayer for purposes of the passive activity rules. How to amend taxes The same owner (Herbert and Wilma) owns both Healthy Food and Plum Tower with the same ownership interest (100% in each). How to amend taxes If the grouping forms an appropriate economic unit, as discussed earlier, Herbert and Wilma can group Plum Tower's grocery store rental and Healthy Food's grocery business into a single trade or business activity. How to amend taxes Grouping of real and personal property rentals. How to amend taxes   In general, you cannot treat an activity involving the rental of real property and an activity involving the rental of personal property as a single activity. How to amend taxes However, you can treat them as a single activity if you provide the personal property in connection with the real property or the real property in connection with the personal property. How to amend taxes Certain activities may not be grouped. How to amend taxes   In general, if you own an interest as a limited partner or a limited entrepreneur in one of the following activities, you may not group that activity with any other activity in another type of business. How to amend taxes Holding, producing, or distributing motion picture films or video tapes. How to amend taxes Farming. How to amend taxes Leasing any section 1245 property (as defined in section 1245(a)(3) of the Internal Revenue Code). How to amend taxes For a list of section 1245 property, see Section 1245 property under Activities Covered by the At-Risk Rules , later. How to amend taxes Exploring for, or exploiting, oil and gas resources. How to amend taxes Exploring for, or exploiting, geothermal deposits. How to amend taxes   If you own an interest as a limited partner or a limited entrepreneur in an activity described in the list above, you may group that activity with another activity in the same type of business if the grouping forms an appropriate economic unit as discussed earlier. How to amend taxes Limited entrepreneur. How to amend taxes   A limited entrepreneur is a person who: Has an interest in an enterprise other than as a limited partner, and Does not actively participate in the management of the enterprise. How to amend taxes Activities conducted through another entity. How to amend taxes   A personal service corporation, closely held corporation, partnership, or S corporation must group its activities using the rules discussed in this section. How to amend taxes Once the entity groups its activities, you, as the partner or shareholder of the entity, may group those activities (following the rules of this section): With each other, With activities conducted directly by you, or With activities conducted through other entities. How to amend taxes    You may not treat activities grouped together by the entity as separate activities. How to amend taxes Personal service and closely held corporations. How to amend taxes   You may group an activity conducted through a personal service or closely held corporation with your other activities only to determine whether you materially or significantly participated in those other activities. How to amend taxes See Material Participation , earlier, and Significant Participation Passive Activities , later. How to amend taxes Publicly traded partnership (PTP). How to amend taxes   You may not group activities conducted through a PTP with any other activity, including an activity conducted through another PTP. How to amend taxes Partial dispositions. How to amend taxes   If you dispose of substantially all of an activity during your tax year, you may treat the part disposed of as a separate activity. How to amend taxes However, you can do this only if you can show with reasonable certainty: The amount of deductions and credits disallowed in prior years under the passive activity rules that is allocable to the part of the activity disposed of, and The amount of gross income and any other deductions and credits for the current tax year that is allocable to the part of the activity disposed of. How to amend taxes Disclosure Requirement For tax years beginning after January 24, 2010, the following disclosure requirements for groupings apply. How to amend taxes You are required to report certain changes to your groupings that occur during the tax year to the IRS. How to amend taxes If you fail to report these changes, each trade or business activity or rental activity will be treated as a separate activity. How to amend taxes You will be considered to have made a timely disclosure if you filed all affected income tax returns consistent with the claimed grouping and make the required disclosure on the income tax return for the year in which you first discovered the failure to disclose. How to amend taxes If the IRS discovered the failure to disclose, you must have reasonable cause for not making the required disclosure. How to amend taxes New grouping. How to amend taxes   You must file a written statement with your original income tax return for the first tax year in which two or more activities are originally grouped into a single activity. How to amend taxes The statement must provide the names, addresses, and employer identification numbers (EINs), if applicable, for the activities being grouped as a single activity. How to amend taxes In addition, the statement must contain a declaration that the grouped activities make up an appropriate economic unit for the measurement of gain or loss under the passive activity rules. How to amend taxes Addition to an existing grouping. How to amend taxes   You must file a written statement with your original income tax return for the tax year in which you add a new activity to an existing group. How to amend taxes The statement must provide the name, address, and EIN, if applicable, for the activity that is being added and for the activities in the existing group. How to amend taxes In addition, the statement must contain a declaration that the activities make up an appropriate economic unit for the measurement of gain or loss under the passive activity rules. How to amend taxes Regrouping. How to amend taxes   You must file a written statement with your original income tax return for the tax year in which you regroup the activities. How to amend taxes The statement must provide the names, addresses, and EINs, if applicable, for the activities that are being regrouped. How to amend taxes If two or more activities are being regrouped into a single activity, the statement must contain a declaration that the regrouped activities make up an appropriate economic unit for the measurement of gain or loss under the passive activity rules. How to amend taxes In addition, the statement must contain an explanation of the material change in the facts and circumstances that made the original grouping clearly inappropriate. How to amend taxes Groupings by partnerships and S corporations. How to amend taxes   Partnerships and S corporations are not subject to the rules for new grouping, addition to an existing grouping, or regrouping. How to amend taxes Instead, they must comply with the disclosure instructions for grouping activities provided in their Form 1065, U. How to amend taxes S. How to amend taxes Return of Partnership Income, or Form 1120S, U. How to amend taxes S. How to amend taxes Income Tax Return for an S Corporation, whichever is applicable. How to amend taxes   The partner or shareholder is not required to make a separate disclosure of the groupings disclosed by the entity unless the partner or shareholder: Groups together any of the activities that the entity does not group together, Groups the entity's activities with activities conducted directly by the partner or shareholder, or Groups an entity's activities with activities conducted through another entity. How to amend taxes   A partner or shareholder may not treat activities grouped together by the entity as separate activities. How to amend taxes Recharacterization of Passive Income Net income from the following passive activities may have to be recharacterized and excluded from passive activity income. How to amend taxes Significant participation passive activities, Rental of property when less than 30% of the unadjusted basis of the property is subject to depreciation, Equity-financed lending activities, Rental of property incidental to development activities, Rental of property to nonpassive activities, and Licensing of intangible property by  pass-through entities. How to amend taxes If you are engaged in or have an interest in one of these activities during the tax year (either directly or through a partnership or an S corporation), combine the income and losses from the activity to determine if you have a net loss or net income from that activity. How to amend taxes If the result is a net loss, treat the income and losses the same as any other income or losses from that type of passive activity (trade or business activity or rental activity). How to amend taxes If the result is net income, do not enter any of the income or losses from the activity or property on Form 8582 or its worksheets. How to amend taxes Instead, enter income or losses on the form and schedules you normally use. How to amend taxes However, see Significant Participation Passive Activities , later, if the activity is a significant participation passive activity and you also have a net loss from a different significant participation passive activity. How to amend taxes Limit on recharacterized passive income. How to amend taxes   The total amount that you treat as nonpassive income under the rules described later in this discussion for significant participation passive activities, rental of nondepreciable property, and equity-financed lending activities cannot exceed the greatest amount that you treat as nonpassive income under any one of these rules. How to amend taxes Investment income and investment expense. How to amend taxes   To figure your investment interest expense limitation on Form 4952, treat as investment income any net passive income recharacterized as nonpassive income from rental of nondepreciable property, equity-financed lending activity, or licensing of intangible property by a pass-through entity. How to amend taxes Significant Participation Passive Activities A significant participation passive activity is any trade or business activity in which you participated for more than 100 hours during the tax year but did not materially participate. How to amend taxes If your gross income from all significant participation passive activities is more than your deductions from those activities, a part of your net income from each significant participation passive activity is treated as nonpassive income. How to amend taxes Corporations. How to amend taxes   An activity of a personal service corporation or closely held corporation is a significant participation passive activity if both of the following statements are true. How to amend taxes The corporation is not treated as materially participating in the activity for the year. How to amend taxes One or more individuals, each of whom is treated as significantly participating in the activity, directly or indirectly hold (in total) more than 50% (by value) of the corporation's outstanding stock. How to amend taxes Worksheet A. How to amend taxes   Complete Worksheet A. How to amend taxes Significant Participation Passive Activities , below, if you have income or losses from any significant participation activity. How to amend taxes Begin by entering the name of each activity in the left column. How to amend taxes Column (a). How to amend taxes   Enter the number of hours you participated in each activity and total the column. How to amend taxes   If the total is more than 500, do not complete Worksheet A or B. How to amend taxes None of the activities are passive activities because you satisfy test 4 for material participation. How to amend taxes (See Material participation tests , earlier. How to amend taxes ) Report all the income and losses from these activities on the forms and schedules you normally use. How to amend taxes Do not include the income and losses on Form 8582. How to amend taxes Column (b). How to amend taxes   Enter the net loss, if any, from the activity. How to amend taxes Net loss from an activity means either: The activity's current year net loss (if any) plus prior year unallowed losses (if any), or The excess of prior year unallowed losses over the current year net income (if any). How to amend taxes Enter -0- here if the prior year unallowed loss is the same as the current year net income. How to amend taxes Column (c). How to amend taxes   Enter net income (if any) from the activity. How to amend taxes Net income means the excess of the current year's net income from the activity over any prior year unallowed losses from the activity. How to amend taxes Column (d). How to amend taxes   Combine amounts in the Totals row for columns (b) and (c) and enter the total net income or net loss in the Totals row of column (d). How to amend taxes If column (d) is a net loss, skip Worksheet B, Significant Participation Activities With Net Income. How to amend taxes Include the income and losses in Worksheet 3 of Form 8582 (or Worksheet 2 in the Form 88