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How To File Back Tax

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How To File Back Tax

How to file back tax 3. How to file back tax   Adjustments to Income Table of Contents Individual Retirement Arrangement (IRA) Contributions and DeductionsContributions to Kay Bailey Hutchison Spousal IRAs. How to file back tax Deductible contribution. How to file back tax Nondeductible contribution. How to file back tax You may be able to subtract amounts from your total income (Form 1040, line 22 or Form 1040A, line 15) or total effectively connected income (Form 1040NR, line 23) to get your adjusted gross income (Form 1040, line 37; Form 1040A, line 21; or Form 1040NR, line 36). How to file back tax Some adjustments to income follow. How to file back tax Contributions to your individual retirement arrangement (IRA) (Form 1040, line 32; Form 1040A, line 17; or Form 1040NR, line 32), explained later in this publication. How to file back tax Certain moving expenses (Form 1040, line 26; or Form 1040NR, line 26) if you changed job locations or started a new job in 2013. How to file back tax See Publication 521, Moving Expenses, or see Form 3903, Moving Expenses, and its instructions. How to file back tax Some health insurance costs (Form 1040, line 29 or Form 1040NR, line 29) if you were self-employed and had a net profit for the year, or if you received wages in 2013 from an S corporation in which you were a more-than-2% shareholder. How to file back tax For more details, see Publication 535, Business Expenses. How to file back tax Payments to your self-employed SEP, SIMPLE, or qualified plan (Form 1040, line 28 or Form 1040NR, line 28). How to file back tax For more information, including limits on how much you can deduct, see Publication 560, Retirement Plans for Small Business. How to file back tax Penalties paid on early withdrawal of savings (Form 1040, line 30 or Form 1040NR, line 30). How to file back tax Form 1099-INT, Interest Income, or Form 1099-OID, Original Issue Discount, will show the amount of any penalty you were charged. How to file back tax Alimony payments (Form 1040, line 31a). How to file back tax For more information, see Publication 504, Divorced or Separated Individuals. How to file back tax There are other items you can claim as adjustments to income. How to file back tax These adjustments are discussed in your tax return instructions. How to file back tax Individual Retirement Arrangement (IRA) Contributions and Deductions This section explains the tax treatment of amounts you pay into traditional IRAs. How to file back tax A traditional IRA is any IRA that is not a Roth or SIMPLE IRA. How to file back tax Roth and SIMPLE IRAs are defined earlier in the IRA discussion under Retirement Plan Distributions . How to file back tax For more detailed information, see Publication 590. How to file back tax Contributions. How to file back tax   An IRA is a personal savings plan that offers you tax advantages to set aside money for your retirement. How to file back tax Two advantages of a traditional IRA are: You may be able to deduct some or all of your contributions to it, depending on your circumstances, and Generally, amounts in your IRA, including earnings and gains, are not taxed until distributed. How to file back tax    Although interest earned from your traditional IRA generally is not taxed in the year earned, it is not tax-exempt interest. How to file back tax Do not report this interest on your tax return as tax-exempt interest. How to file back tax General limit. How to file back tax   The most that can be contributed for 2013 to your traditional IRA is the smaller of the following amounts. How to file back tax Your taxable compensation for the year, or $5,500 ($6,500 if you were age 50 or older by the end of 2013). How to file back tax Contributions to Kay Bailey Hutchison Spousal IRAs. How to file back tax   In the case of a married couple filing a joint return for 2013, up to $5,500 ($6,500 for each spouse age 50 or older by the end of 2013) can be contributed to IRAs on behalf of each spouse, even if one spouse has little or no compensation. How to file back tax For more information on the general limit and the Kay Bailey Hutchison Spousal IRA limit, see How Much Can Be Contributed? in Publication 590. How to file back tax Deductible contribution. How to file back tax   Generally, you can deduct the lesser of the contributions to your traditional IRA for the year or the general limit (or Kay Bailey Hutchison Spousal IRA limit, if applicable) just explained. How to file back tax However, if you or your spouse was covered by an employer retirement plan at any time during the year for which contributions were made, you may not be able to deduct all of the contributions. How to file back tax Your deduction may be reduced or eliminated, depending on your filing status and the amount of your income. How to file back tax For more information, see Limit if Covered by Employer Plan in Publication 590. How to file back tax Nondeductible contribution. How to file back tax   The difference between your total permitted contributions and your IRA deduction, if any, is your nondeductible contribution. How to file back tax You must file Form 8606, Nondeductible IRAs, to report nondeductible contributions even if you do not have to file a tax return for the year. How to file back tax    For 2014, the most that can be contributed to your traditional IRA is $5,500 ($6,500 if you are age 50 or older at the end of 2014). How to file back tax Prev  Up  Next   Home   More Online Publications
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SOI Tax Stats - Migration Data

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There is a delay in the release of  the 2010–2011 state and county level migration data. During the review process, we identified some discrepancies in the data. The data are being corrected and will be released as soon as possible. We apologize for any inconvenience this delay causes to users of the information.


U.S. Population Migration Data

Migration data for the United States are based on year-to-year address changes reported on individual income tax returns filed with the IRS. They present migration patterns by State or by county for the entire United States and are available for inflows—the number of new residents who moved to a State or county and where they migrated from, and outflows—the number of residents leaving a State or county and where they went. The data are available for Filing Years 1991 through 2010 and include:

  • Number of returns filed, which approximates the number of households that migrated
  • Number of personal exemptions claimed, which approximates the number of individuals
  • Total adjusted gross income, starting with Filing Year 1995.

Important: The data used to produce migration data products come from individual income tax returns filed prior to late September of each calendar year and represent between 95 and 98 percent of total annual filings. However, since returns filed after September are not included, totals shown in migration data tables will not match analogous totals reported in other IRS statistical data products. For more information, see U.S. Population Migration Data: Strengths and Limitations

Migration Data Users Guides


Migration Data 2005–2010

Migration Data 1990–2004

Migration data for years 1990 to 2004 are available as single Zip files containing all State Excel files. Both migration inflow and outflow files are included for each state. The files are compressed using the WinZip utility and must be downloaded and extracted before viewing or loading into any application. A free WinZip utility is available, if needed.

County-to-County Migration Data

1990 to 1991  1991 to 1992  1992 to 1993  1993 to 1994  1994 to 1995  1995 to 1996  1996 to 1997  1997 to 1998  1998 to 1999  1999 to 2000  2000 to 2001  2001 to 2002  2002 to 2003  2003 to 2004

State-to-State Migration Data

1990 to 1991  1991 to 1992  1992 to 1993  1993 to 1994  1994 to 1995  1995 to 1996  1996 to 1997  1997 to 1998  1998 to 1999  1999 to 2000  2000 to 2001  2001 to 2002  2002 to 2003  2003 to 2004

Follow these steps to extract files for the entire year (all States) or for an individual State.

To extract an entire year (all States) using WinZip:

  1. Double click the Zip file to open the WinZip utility.
  2. Double click the folder.
  3. Click and drag either the Inflow and/or Outflow folder to your desktop.

OR

  1. Double click the Zip file to open the WinZip utility (NOTE: SecureZIP users should follow the following steps).
  2. Click the ‘Extract’ button. Ensure that the radio button, ‘All Files in Archive Selected’, is selected.
  3. Select a destination folder.
  4. Click the ‘Extract’ button.

To extract an individual State using WinZip:

  1. Double click the Zip file to open the WinZip utility.
  2. Double click the folder.
  3. Double click either the Inflow or Outflow folder.
  4. Click and drag the desired Excel file(s) to your desktop.

OR

  1. Double click the Zip file to open the WinZip utility (NOTE: SecureZIP users should follow the following steps).
  2. Highlight the desired Excel file(s).
  3. Click the ‘Extract’ button. Ensure that radio button, ‘Selected Files/Folder’, is selected.
  4. Select a destination folder.
  5. Click the ‘Extract’ button.


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Page Last Reviewed or Updated: 18-Dec-2013

The How To File Back Tax

How to file back tax 4. How to file back tax   Special Situations Table of Contents Condominiums CooperativesDepreciation Property Changed to Rental UseBasis of Property Changed to Rental Use Figuring the Depreciation Deduction Renting Part of Property Not Rented for ProfitPostponing decision. How to file back tax Example—Property Changed to Rental Use This chapter discusses some rental real estate activities that are subject to additional rules. How to file back tax Condominiums A condominium is most often a dwelling unit in a multi-unit building, but can also take other forms, such as a townhouse or garden apartment. How to file back tax If you own a condominium, you also own a share of the common elements, such as land, lobbies, elevators, and service areas. How to file back tax You and the other condominium owners may pay dues or assessments to a special corporation that is organized to take care of the common elements. How to file back tax Special rules apply if you rent your condominium to others. How to file back tax You can deduct as rental expenses all the expenses discussed in chapters 1 and 2. How to file back tax In addition, you can deduct any dues or assessments paid for maintenance of the common elements. How to file back tax You cannot deduct special assessments you pay to a condominium management corporation for improvements. How to file back tax However, you may be able to recover your share of the cost of any improvement by taking depreciation. How to file back tax Cooperatives If you live in a cooperative, you do not own your apartment. How to file back tax Instead, a corporation owns the apartments and you are a tenant-stockholder in the cooperative housing corporation. How to file back tax If you rent your apartment to others, you usually can deduct, as a rental expense, all the maintenance fees you pay to the cooperative housing corporation. How to file back tax In addition to the maintenance fees paid to the cooperative housing corporation, you can deduct your direct payments for repairs, upkeep, and other rental expenses, including interest paid on a loan used to buy your stock in the corporation. How to file back tax Depreciation You will be depreciating your stock in the corporation rather than the apartment itself. How to file back tax Figure your depreciation deduction as follows. How to file back tax Figure the depreciation for all the depreciable real property owned by the corporation. How to file back tax (Depreciation methods are discussed in chapter 2 of this publication and Publication 946. How to file back tax ) If you bought your cooperative stock after its first offering, figure the depreciable basis of this property as follows. How to file back tax Multiply your cost per share by the total number of outstanding shares. How to file back tax Add to the amount figured in (a) any mortgage debt on the property on the date you bought the stock. How to file back tax Subtract from the amount figured in (b) any mortgage debt that is not for the depreciable real property, such as the part for the land. How to file back tax Subtract from the amount figured in (1) any depreciation for space owned by the corporation that can be rented but cannot be lived in by tenant-stockholders. How to file back tax Divide the number of your shares of stock by the total number of shares outstanding, including any shares held by the corporation. How to file back tax Multiply the result of (2) by the percentage you figured in (3). How to file back tax This is your depreciation on the stock. How to file back tax Your depreciation deduction for the year cannot be more than the part of your adjusted basis (defined in chapter 2) in the stock of the corporation that is allocable to your rental property. How to file back tax Payments added to capital account. How to file back tax   Payments earmarked for a capital asset or improvement, or otherwise charged to the corporation's capital account are added to the basis of your stock in the corporation. How to file back tax For example, you cannot deduct a payment used to pave a community parking lot, install a new roof, or pay the principal of the corporation's mortgage. How to file back tax   Treat as a capital cost the amount you were assessed for capital items. How to file back tax This cannot be more than the amount by which your payments to the corporation exceeded your share of the corporation's mortgage interest and real estate taxes. How to file back tax   Your share of interest and taxes is the amount the corporation elected to allocate to you, if it reasonably reflects those expenses for your apartment. How to file back tax Otherwise, figure your share in the following manner. How to file back tax Divide the number of your shares of stock by the total number of shares outstanding, including any shares held by the corporation. How to file back tax Multiply the corporation's deductible interest by the number you figured in (1). How to file back tax This is your share of the interest. How to file back tax Multiply the corporation's deductible taxes by the number you figured in (1). How to file back tax This is your share of the taxes. How to file back tax Property Changed to Rental Use If you change your home or other property (or a part of it) to rental use at any time other than the beginning of your tax year, you must divide yearly expenses, such as taxes and insurance, between rental use and personal use. How to file back tax You can deduct as rental expenses only the part of the expense that is for the part of the year the property was used or held for rental purposes. How to file back tax You cannot deduct depreciation or insurance for the part of the year the property was held for personal use. How to file back tax However, you can include the home mortgage interest, qualified mortgage insurance premiums, and real estate tax expenses for the part of the year the property was held for personal use as an itemized deduction on Schedule A (Form 1040). How to file back tax Example. How to file back tax Your tax year is the calendar year. How to file back tax You moved from your home in May and started renting it out on June 1. How to file back tax You can deduct as rental expenses seven-twelfths of your yearly expenses, such as taxes and insurance. How to file back tax Starting with June, you can deduct as rental expenses the amounts you pay for items generally billed monthly, such as utilities. How to file back tax When figuring depreciation, treat the property as placed in service on June 1. How to file back tax Basis of Property Changed to Rental Use When you change property you held for personal use to rental use (for example, you rent your former home), the basis for depreciation will be the lesser of fair market value or adjusted basis on the date of conversion. How to file back tax Fair market value. How to file back tax   This is the price at which the property would change hands between a willing buyer and a willing seller, neither having to buy or sell, and both having reasonable knowledge of all the relevant facts. How to file back tax Sales of similar property, on or about the same date, may be helpful in figuring the fair market value of the property. How to file back tax Figuring the basis. How to file back tax   The basis for depreciation is the lesser of: The fair market value of the property on the date you changed it to rental use, or Your adjusted basis on the date of the change—that is, your original cost or other basis of the property, plus the cost of permanent additions or improvements since you acquired it, minus deductions for any casualty or theft losses claimed on earlier years' income tax returns and other decreases to basis. How to file back tax For other increases and decreases to basis, see Adjusted Basis in chapter 2. How to file back tax Example. How to file back tax Several years ago you built your home for $140,000 on a lot that cost you $14,000. How to file back tax Before changing the property to rental use this year, you added $28,000 of permanent improvements to the house and claimed a $3,500 casualty loss deduction for damage to the house. How to file back tax Part of the improvements qualified for a $500 residential energy credit, which you claimed on your 2010 tax return. How to file back tax Because land is not depreciable, you can only include the cost of the house when figuring the basis for depreciation. How to file back tax The adjusted basis of the house at the time of the change in its use was $164,000 ($140,000 + $28,000 − $3,500 − $500). How to file back tax On the date of the change in use, your property had a fair market value of $168,000, of which $21,000 was for the land and $147,000 was for the house. How to file back tax The basis for depreciation on the house is the fair market value on the date of the change ($147,000), because it is less than your adjusted basis ($164,000). How to file back tax Cooperatives If you change your cooperative apartment to rental use, figure your allowable depreciation as explained earlier. How to file back tax (Depreciation methods are discussed in chapter 2 of this publication and Publication 946. How to file back tax ) The basis of all the depreciable real property owned by the cooperative housing corporation is the smaller of the following amounts. How to file back tax The fair market value of the property on the date you change your apartment to rental use. How to file back tax This is considered to be the same as the corporation's adjusted basis minus straight line depreciation, unless this value is unrealistic. How to file back tax The corporation's adjusted basis in the property on that date. How to file back tax Do not subtract depreciation when figuring the corporation's adjusted basis. How to file back tax If you bought the stock after its first offering, the corporation's adjusted basis in the property is the amount figured in (1) under Depreciation (under Cooperatives, near the beginning of this chapter). How to file back tax The fair market value of the property is considered to be the same as the corporation's adjusted basis figured in this way minus straight line depreciation, unless the value is unrealistic. How to file back tax Figuring the Depreciation Deduction To figure the deduction, use the depreciation system in effect when you convert your residence to rental use. How to file back tax Generally, that will be MACRS for any conversion after 1986. How to file back tax Treat the property as placed in service on the conversion date. How to file back tax Example. How to file back tax Your converted residence (see previous example under Figuring the basis) was available for rent on August 1. How to file back tax Using Table 2-2d (see chapter 2), the percentage for Year 1 beginning in August is 1. How to file back tax 364% and the depreciation deduction for Year 1 is $2,005 ($147,000 × . How to file back tax 01364). How to file back tax Renting Part of Property If you rent part of your property, you must divide certain expenses between the part of the property used for rental purposes and the part of the property used for personal purposes, as though you actually had two separate pieces of property. How to file back tax You can deduct the expenses related to the part of the property used for rental purposes, such as home mortgage interest, qualified mortgage insurance premiums, and real estate taxes, as rental expenses on Schedule E (Form 1040). How to file back tax You can also deduct as rental expenses a portion of other expenses that normally are nondeductible personal expenses, such as expenses for electricity, or painting the outside of the house. How to file back tax There is no change in the types of expenses deductible for the personal-use part of your property. How to file back tax Generally, these expenses may be deducted only if you itemize your deductions on Schedule A (Form 1040). How to file back tax You cannot deduct any part of the cost of the first phone line even if your tenants have unlimited use of it. How to file back tax You do not have to divide the expenses that belong only to the rental part of your property. How to file back tax For example, if you paint a room that you rent, or if you pay premiums for liability insurance in connection with renting a room in your home, your entire cost is a rental expense. How to file back tax If you install a second phone line strictly for your tenant's use, all of the cost of the second line is deductible as a rental expense. How to file back tax You can deduct depreciation on the part of the house used for rental purposes as well as on the furniture and equipment you use for rental purposes. How to file back tax How to divide expenses. How to file back tax   If an expense is for both rental use and personal use, such as mortgage interest or heat for the entire house, you must divide the expense between rental use and personal use. How to file back tax You can use any reasonable method for dividing the expense. How to file back tax It may be reasonable to divide the cost of some items (for example, water) based on the number of people using them. How to file back tax The two most common methods for dividing an expense are (1) the number of rooms in your home, and (2) the square footage of your home. How to file back tax Example. How to file back tax You rent a room in your house. How to file back tax The room is 12 × 15 feet, or 180 square feet. How to file back tax Your entire house has 1,800 square feet of floor space. How to file back tax You can deduct as a rental expense 10% of any expense that must be divided between rental use and personal use. How to file back tax If your heating bill for the year for the entire house was $600, $60 ($600 × . How to file back tax 10) is a rental expense. How to file back tax The balance, $540, is a personal expense that you cannot deduct. How to file back tax Duplex. How to file back tax   A common situation is the duplex where you live in one unit and rent out the other. How to file back tax Certain expenses apply to the entire property, such as mortgage interest and real estate taxes, and must be split to determine rental and personal expenses. How to file back tax Example. How to file back tax You own a duplex and live in one half, renting the other half. How to file back tax Both units are approximately the same size. How to file back tax Last year, you paid a total of $10,000 mortgage interest and $2,000 real estate taxes for the entire property. How to file back tax You can deduct $5,000 mortgage interest and $1,000 real estate taxes on Schedule E (Form 1040), and if you itemize your deductions, you can deduct the other $5,000 mortgage interest and $1,000 real estate taxes on Schedule A (Form 1040). How to file back tax Not Rented for Profit If you do not rent your property to make a profit, you can deduct your rental expenses only up to the amount of your rental income. How to file back tax You cannot deduct a loss or carry forward to the next year any rental expenses that are more than your rental income for the year. How to file back tax Where to report. How to file back tax   Report your not-for-profit rental income on Form 1040 or 1040NR, line 21. How to file back tax For example, if you are filing Form 1040, you can include your mortgage interest and any qualified mortgage insurance premiums (if you use the property as your main home or second home), real estate taxes, and casualty losses on the appropriate lines of Schedule A (Form 1040) if you itemize your deductions. How to file back tax   If you itemize your deductions, claim your other rental expenses, subject to the rules explained in chapter 1 of Publication 535, as miscellaneous itemized deductions on Schedule A (Form 1040), line 23, or Schedule A (Form 1040NR), line 9. How to file back tax You can deduct these expenses only if they, together with certain other miscellaneous itemized deductions, total more than 2% of your adjusted gross income. How to file back tax Presumption of profit. How to file back tax   If your rental income is more than your rental expenses for at least 3 years out of a period of 5 consecutive years, you are presumed to be renting your property to make a profit. How to file back tax Postponing decision. How to file back tax   If you are starting your rental activity and do not have 3 years showing a profit, you can elect to have the presumption made after you have the 5 years of experience required by the test. How to file back tax You may choose to postpone the decision of whether the rental is for profit by filing Form 5213. How to file back tax You must file Form 5213 within 3 years after the due date of your return (determined without extensions) for the year in which you first carried on the activity or, if earlier, within 60 days after receiving written notice from the Internal Revenue Service proposing to disallow deductions attributable to the activity. How to file back tax More information. How to file back tax   For more information about the rules for an activity not engaged in for profit, see Not-for-Profit Activities in chapter 1 of Publication 535. How to file back tax Example—Property Changed to Rental Use In January, Eileen Johnson bought a condominium apartment to live in. How to file back tax Instead of selling the house she had been living in, she decided to change it to rental property. How to file back tax Eileen selected a tenant and started renting the house on February 1. How to file back tax Eileen charges $750 a month for rent and collects it herself. How to file back tax Eileen also received a $750 security deposit from her tenant. How to file back tax Because she plans to return it to her tenant at the end of the lease, she does not include it in her income. How to file back tax Her rental expenses for the year are as follows. How to file back tax   Mortgage interest $1,800     Fire insurance (1-year policy) 100     Miscellaneous repairs (after renting) 297     Real estate taxes imposed and paid 1,200   Eileen must divide the real estate taxes, mortgage interest, and fire insurance between the personal use of the property and the rental use of the property. How to file back tax She can deduct eleven-twelfths of these expenses as rental expenses. How to file back tax She can include the balance of the allowable taxes and mortgage interest on Schedule A (Form 1040) if she itemizes. How to file back tax She cannot deduct the balance of the fire insurance because it is a personal expense. How to file back tax Eileen bought this house in 1984 for $35,000. How to file back tax Her property tax was based on assessed values of $10,000 for the land and $25,000 for the house. How to file back tax Before changing it to rental property, Eileen added several improvements to the house. How to file back tax She figures her adjusted basis as follows:   Improvements Cost     House $25,000     Remodeled kitchen 4,200     Recreation room 5,800     New roof 1,600     Patio and deck 2,400     Adjusted basis $39,000   On February 1, when Eileen changed her house to rental property, the property had a fair market value of $152,000. How to file back tax Of this amount, $35,000 was for the land and $117,000 was for the house. How to file back tax Because Eileen's adjusted basis is less than the fair market value on the date of the change, Eileen uses $39,000 as her basis for depreciation. How to file back tax As specified for residential rental property, Eileen must use the straight line method of depreciation over the GDS or ADS recovery period. How to file back tax She chooses the GDS recovery period of 27. How to file back tax 5 years. How to file back tax She uses Table 2-2d to find her depreciation percentage. How to file back tax Since she placed the property in service in February, the percentage is 3. How to file back tax 182%. How to file back tax On April 1, Eileen bought a new dishwasher for the rental property at a cost of $425. How to file back tax The dishwasher is personal property used in a rental real estate activity, which has a 5-year recovery period. How to file back tax She uses Table 2-2a to find the percentage for Year 1 under “Half-year convention” (20%) to figure her depreciation deduction. How to file back tax On May 1, Eileen paid $4,000 to have a furnace installed in the house. How to file back tax The furnace is residential rental property. How to file back tax Because she placed the property in service in May, the percentage from Table 2-2d is 2. How to file back tax 273%. How to file back tax Eileen figures her net rental income or loss for the house as follows: Total rental income received  ($750 × 11) $8,250 Minus: Expenses     Mortgage interest ($1,800 × 11/12) $1,650   Fire insurance ($100 × 11/12) 92   Miscellaneous repairs 297   Real estate taxes ($1,200 × 11/12) 1,100   Total expenses 3,139 Balance $5,111 Minus: Depreciation     House ($39,000 × . How to file back tax 03182) $1,241   Dishwasher ($425 × . How to file back tax 20) 85   Furnace ($4,000 × . How to file back tax 02273) 91   Total depreciation 1,417 Net rental income for house   $3,694       Eileen uses Schedule E, Part I, to report her rental income and expenses. How to file back tax She enters her income, expenses, and depreciation for the house in the column for Property A. How to file back tax Since all property was placed in service this year, Eileen must use Form 4562 to figure the depreciation. How to file back tax See the Instructions for Form 4562 for more information on preparing the form. How to file back tax Prev  Up  Next   Home   More Online Publications