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How To Fill Out A 1040x Instructions

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How To Fill Out A 1040x Instructions

How to fill out a 1040x instructions 21. How to fill out a 1040x instructions   Gastos Médicos y Dentales Table of Contents Qué Hay de Nuevo Introduction Useful Items - You may want to see: ¿Qué Son Gastos Médicos? ¿Qué Gastos Puede Incluir Este Año?Estados donde rige la ley de los bienes gananciales. How to fill out a 1040x instructions ¿Qué Cantidad de los Gastos Puede Deducir? ¿De Qué Personas Puede Incluir Gastos Médicos?Usted Cónyuge Dependiente Difuntos ¿Qué Gastos Médicos se Pueden Incluir?Primas de Seguros Comidas y Alojamiento Transporte Gastos del Cuidado de un Dependiente Incapacitado ¿Cómo se Tratan los Reembolsos?Reembolso de Seguros Indemnizaciones por Lesiones Personales Cómo Calcular y Reclamar la Deducción en su Declaración de Impuestos¿Qué Formulario Debe Usar para la Declaración? Gastos de Trabajo Relacionados con un Impedimento Costos del Seguro Médico para Personas que Trabajan por Cuenta Propia Qué Hay de Nuevo Gastos médicos y dentales. How to fill out a 1040x instructions  Comenzando el 1 de enero de 2013, usted puede deducir sólo la parte de sus gastos médicos y dentales que exceda del 10% de su ingreso bruto ajustado (AGI, por sus siglas en inglés) (7. How to fill out a 1040x instructions 5% si usted o su cónyuge tiene 65 años de edad o más). How to fill out a 1040x instructions Tarifa estándar por milla. How to fill out a 1040x instructions  La tarifa estándar por milla permitida para gastos de operación de un automóvil cuando se usa por razones médicas es 24 centavos por milla. How to fill out a 1040x instructions Vea Transporte bajo ¿Qué Gastos Médicos se Pueden Incluir?, más adelante. How to fill out a 1040x instructions Introduction Este capítulo le ayudará a determinar: Qué son gastos médicos. How to fill out a 1040x instructions Qué gastos puede incluir este año. How to fill out a 1040x instructions Qué cantidad de los gastos puede deducir. How to fill out a 1040x instructions De qué personas puede incluir gastos médicos. How to fill out a 1040x instructions Qué gastos médicos se pueden incluir. How to fill out a 1040x instructions Cómo tratar los reembolsos. How to fill out a 1040x instructions Cómo declarar la deducción en la declaración de impuestos. How to fill out a 1040x instructions Cómo declarar gastos de trabajo relacionados con la incapacidad. How to fill out a 1040x instructions Cómo declarar los costos del seguro médico si trabaja por cuenta propia. How to fill out a 1040x instructions Useful Items - You may want to see: Publicaciones 502 Medical and Dental Expenses (Gastos médicos y dentales), en inglés 969 Health Savings Accounts and Other Tax-Favored Health Plans (Cuentas de ahorros para gastos médicos y otros planes para gastos médicos con beneficios tributarios), en inglés Formularios (e Instrucciones) Anexo A (Formulario 1040) Itemized Deductions (Deducciones detalladas), en inglés ¿Qué Son Gastos Médicos? Los gastos médicos incluyen pagos por diagnóstico, cura, alivio, tratamiento o prevención de enfermedades o por tratamientos que afecten alguna parte o función del cuerpo. How to fill out a 1040x instructions Estos gastos abarcan los pagos por servicios médicos legales prestados por médicos, cirujanos, dentistas y otros profesionales de la salud. How to fill out a 1040x instructions Incluyen los costos de equipo, suministros y dispositivos de diagnósticos que se necesiten para estos propósitos. How to fill out a 1040x instructions Los gastos de cuidados médicos tienen que ser principalmente para aliviar o prevenir un defecto o enfermedad física o mental. How to fill out a 1040x instructions No incluya gastos que sean tan sólo beneficiosos para la salud en general, como vitaminas o vacaciones. How to fill out a 1040x instructions Los gastos médicos incluyen las primas pagadas por un seguro que cubra los gastos de cuidados médicos y las cantidades pagadas por transporte para recibir cuidados médicos. How to fill out a 1040x instructions Los gastos médicos también incluyen cantidades pagadas por servicios calificados de cuidados a largo plazo y cantidades limitadas pagadas por cualquier contrato de cuidados a largo plazo calificado. How to fill out a 1040x instructions ¿Qué Gastos Puede Incluir Este Año? Puede incluir sólo los gastos médicos y dentales que pagó este año, independientemente de cuándo se proveyeron los servicios. How to fill out a 1040x instructions Si paga gastos médicos por cheque, el día en que envíe o entregue el cheque suele ser la fecha de pago. How to fill out a 1040x instructions Si paga sus gastos médicos por medio de una “cuenta a pagar por teléfono” o Internet, la fecha indicada en el estado de cuentas de la institución financiera que señala cuándo se hizo el pago se considera la fecha de pago. How to fill out a 1040x instructions Si utiliza una tarjeta de crédito, incluya los gastos médicos que cargue a su tarjeta de crédito en el año en que se haga el cargo, no en el que de hecho pague el monto cargado a su tarjeta de crédito. How to fill out a 1040x instructions Declaraciones por separado. How to fill out a 1040x instructions   Si usted y su cónyuge viven en un estado donde no rigen las leyes de los bienes gananciales y presentan declaraciones por separado, cada uno de ustedes puede incluir sólo los gastos médicos que cada uno de hecho pagó. How to fill out a 1040x instructions Todos los gastos médicos pagados de una cuenta corriente conjunta en la cual son dueños por igual usted y su cónyuge se consideran pagados equitativamente por cada uno de ustedes, a menos que pueda demostrar lo contrario. How to fill out a 1040x instructions Estados donde rige la ley de los bienes gananciales. How to fill out a 1040x instructions   Si usted y su cónyuge viven en un estado donde rigen las leyes de los bienes gananciales y presentan declaraciones por separado o están inscritos como parejas de hecho en Nevada, Washington o California, todos los gastos médicos pagados de fondos de la comunidad conyugal se dividen por igual. How to fill out a 1040x instructions Cada uno de ustedes debería incluir la mitad de los gastos. How to fill out a 1040x instructions Si los gastos médicos se pagan de los fondos separados de un cónyuge, sólo el cónyuge que pagó los gastos médicos puede incluirlos. How to fill out a 1040x instructions Si usted vive en un estado donde rigen las leyes de los bienes gananciales, y no presenta una declaración conjunta, vea la Publicación 555, Community Property (Bienes gananciales), en inglés. How to fill out a 1040x instructions ¿Qué Cantidad de los Gastos Puede Deducir? Por lo general, puede deducir en el Anexo A (Formulario 1040) sólo la cantidad de sus gastos médicos y dentales que exceda del 10% (7. How to fill out a 1040x instructions 5% si usted o su cónyuge tiene 65 años de edad o más) de su ingreso bruto ajustado (AGI, por sus siglas en inglés) (línea 38 del Formulario 1040). How to fill out a 1040x instructions Ejemplo. How to fill out a 1040x instructions Usted no está casado, es menor de 65 años de edad y su ingreso bruto ajustado es $40,000. How to fill out a 1040x instructions El 10% de esa cantidad es $4,000. How to fill out a 1040x instructions Usted pagó gastos médicos de $2,500. How to fill out a 1040x instructions No puede deducir ningunos de sus gastos médicos porque éstos no son mayores que el 10% de su ingreso bruto ajustado. How to fill out a 1040x instructions ¿De Qué Personas Puede Incluir Gastos Médicos? Normalmente, puede incluir gastos médicos que pagó por usted mismo o por alguien que fuera su cónyuge o su dependiente cuando se proporcionaron los servicios o cuando usted los pagó. How to fill out a 1040x instructions Hay reglas distintas para personas fallecidas y personas nombradas en acuerdos de manutención múltiple. How to fill out a 1040x instructions Vea Manutención reclamada conforme a un acuerdo de manutención múltiple , más adelante. How to fill out a 1040x instructions Usted Puede incluir los gastos médicos que pagó por usted mismo. How to fill out a 1040x instructions Cónyuge Puede incluir los gastos médicos que pagó por su cónyuge. How to fill out a 1040x instructions Para incluir estos gastos, tiene que haber estado casado en el momento en que su cónyuge recibió los servicios médicos o en el momento en que usted los pagó. How to fill out a 1040x instructions Ejemplo 1. How to fill out a 1040x instructions María recibió tratamiento médico antes de casarse con Guillermo. How to fill out a 1040x instructions Guillermo pagó por el tratamiento después de casarse. How to fill out a 1040x instructions Guillermo puede incluir estos gastos al calcular su deducción por gastos médicos aunque Guillermo y María presenten declaraciones separadas. How to fill out a 1040x instructions Si María hubiera pagado los gastos, Guillermo no podría incluir los gastos de María en la declaración separada de él. How to fill out a 1040x instructions María incluiría las cantidades que ella pagó a lo largo del año en su declaración separada. How to fill out a 1040x instructions Si presentaran una declaración conjunta, los gastos médicos que ambos pagaron a lo largo del año se usarían para calcular la deducción de gastos médicos de ambos. How to fill out a 1040x instructions Ejemplo 2. How to fill out a 1040x instructions Este año, Juan pagó gastos médicos por su cónyuge Luisa, la cual murió el año pasado. How to fill out a 1040x instructions Juan se casó con Beatriz este año y presentan una declaración conjunta. How to fill out a 1040x instructions Debido a que Juan estaba casado con Luisa cuando ella recibió los servicios médicos, puede incluir esos gastos al calcular su deducción por gastos médicos correspondiente a este año. How to fill out a 1040x instructions Dependiente Puede incluir los gastos médicos que pagó por su dependiente. How to fill out a 1040x instructions Para incluir estos gastos, la persona tiene que haber sido su dependiente en el momento en que se proveyeron los servicios médicos o en el momento en que usted pagó los gastos. How to fill out a 1040x instructions Generalmente, una persona puede considerarse su dependiente para propósitos de la deducción de gastos médicos si se cumplen los dos requisitos siguientes: La persona era hijo calificado (definido más adelante) o pariente calificado (definido más adelante) y La persona era ciudadana o nacional de los Estados Unidos o era residente de los Estados Unidos, Canadá o México. How to fill out a 1040x instructions Si su hijo calificado fue adoptado, vea el tema que se presenta a continuación, Excepción por hijo adoptivo . How to fill out a 1040x instructions Puede incluir los gastos médicos que pagó a nombre de una persona que hubiera sido su dependiente, salvo que: Dicha persona recibió ingresos brutos de $3,900 o más en 2013, Dicha persona presentó una declaración conjunta para el año 2013 o Usted, o su cónyuge si presentan una declaración conjunta, puede ser reclamado como dependiente en la declaración de 2013 de otra persona. How to fill out a 1040x instructions Excepción por hijo adoptivo. How to fill out a 1040x instructions   Si usted es ciudadano o nacional estadounidense y su hijo adoptivo vivió con usted como miembro de su unidad familiar durante el año 2013, dicho hijo no tiene que ser ciudadano o nacional estadounidense ni ser residente de los Estados Unidos, Canadá o México. How to fill out a 1040x instructions Hijo Calificado Un hijo calificado es un hijo que: Es su hijo o hija, hijastro o hijastra, hijo de crianza, hermano o hermana, hermanastro o hermanastra, medio hermano o media hermana o descendiente de cualquiera de ellos (por ejemplo, su nieto, sobrino o sobrina), Tenía: Menos de 19 años de edad al final del año 2013 y era menor que usted (o su cónyuge, si presenta una declaración conjunta), Menos de 24 años de edad al final del año 2013, era estudiante de tiempo completo y menor que usted (o su cónyuge, si presenta una declaración conjunta) o Cualquier edad y estaba total y permanentemente incapacitado, Vivió con usted por más de la mitad del año 2013, No proveyó más de la mitad de su propia manutención durante el año 2013 y No presentó una declaración conjunta, a menos que la haya presentado únicamente para reclamar un reembolso. How to fill out a 1040x instructions Hijo adoptivo. How to fill out a 1040x instructions   Un hijo legalmente adoptado se considera su propio hijo. How to fill out a 1040x instructions Esto incluye a un hijo colocado legalmente bajo su cargo para adopción legal. How to fill out a 1040x instructions   Puede incluir los gastos médicos que pagó por un hijo antes de la adopción si el hijo reunía los requisitos para ser su dependiente cuando se proveyeron los servicios médicos o cuando se pagaron los gastos. How to fill out a 1040x instructions   Si reintegra a una agencia de adopciones o a otras personas los gastos médicos que ellas pagaron bajo un acuerdo con usted, es como si usted hubiera pagado dichos gastos con tal de que demuestre claramente que el pago es directamente atribuible al cuidado médico del hijo. How to fill out a 1040x instructions   Pero si usted paga a la agencia o a otra persona el cuidado médico que fue provisto y pagado antes de que empezaran las negociaciones de adopción, no los puede incluir como gastos médicos. How to fill out a 1040x instructions    Tal vez pueda tomar un crédito por otros gastos relacionados con la adopción. How to fill out a 1040x instructions Vea las Instrucciones para el Formulario 8839, Qualified Adoption Expenses (Gastos calificados de adopciones), en inglés, para más información. How to fill out a 1040x instructions Hijo de padres divorciados o separados. How to fill out a 1040x instructions   Para propósitos de la deducción de gastos médicos y dentales, un hijo de padres divorciados o separados puede considerarse dependiente de ambos padres. How to fill out a 1040x instructions Cada padre puede incluir los gastos médicos que él o ella pague por el hijo, aunque el otro padre declare la exención de dependencia del hijo, si: El hijo queda bajo la custodia de uno o ambos padres por más de la mitad del año, El hijo recibe más de la mitad de su manutención durante el año de sus padres y Los padres del hijo: Están divorciados o legalmente separados bajo un fallo de divorcio o de manutención por separación judicial, Están separados bajo un acuerdo de separación judicial escrito o Viven separados en todo momento durante los últimos 6 meses del año. How to fill out a 1040x instructions Esto no corresponde si la exención del hijo se reclama conforme a un acuerdo de manutención múltiple (explicado más adelante). How to fill out a 1040x instructions Pariente Calificado Un pariente calificado es una persona: Que es su: Hijo o hija, hijastro o hijastra, hijo de crianza o descendiente de cualquiera de ellos (por ejemplo, su nieto), Hermano o hermana, medio hermano o media hermana o un hijo de cualquiera de ellos, Padre, madre o antecesor o hermano o hermana de cualquiera de ellos (por ejemplo, su abuelo o abuela, o tío o tía), Hermanastro o hermanastra, padrastro, madrastra, yerno, nuera, suegro o suegra, cuñado o cuñada o Cualquier otra persona (que no sea su cónyuge) que haya vivido con usted durante todo el año como integrante de su unidad familiar si su relación no violó la ley local, Quien no era hijo calificado (vea Hijo Calificado , anteriormente) de cualquier otra persona para el año 2013 y Para la cual usted proveyó más de la mitad de la manutención del año 2013. How to fill out a 1040x instructions Pero vea Hijo de padres divorciados o separados , anteriormente, y Manutención reclamada conforme a un acuerdo de manutención múltiple, que aparece a continuación. How to fill out a 1040x instructions Manutención reclamada conforme a un acuerdo de manutención múltiple. How to fill out a 1040x instructions   Si se considera que usted proveyó más de la mitad de la manutención de un pariente conforme a un acuerdo de manutención múltiple, puede incluir los gastos médicos que pague por dicho pariente. How to fill out a 1040x instructions El acuerdo de manutención múltiple se usa cuando dos o más personas proveen más de la mitad de la manutención de una persona, pero ninguna persona sola provee más de la mitad. How to fill out a 1040x instructions   Todos los demás gastos médicos pagados por otras personas que firmaron con usted el acuerdo no pueden ser incluidos como gastos médicos por nadie. How to fill out a 1040x instructions Sin embargo, usted puede incluir la totalidad de la cantidad no reembolsada que usted pagó por concepto de gastos médicos. How to fill out a 1040x instructions Ejemplo. How to fill out a 1040x instructions Usted y sus tres hermanos proveen cada uno una cuarta parte del total de la manutención de su madre. How to fill out a 1040x instructions Conforme a un acuerdo de manutención múltiple, usted declara a su madre como su dependiente. How to fill out a 1040x instructions Usted pagó todos sus gastos médicos. How to fill out a 1040x instructions Sus hermanos le reembolsaron a usted las tres cuartas partes de dichos gastos. How to fill out a 1040x instructions Al calcular su deducción de gastos médicos, usted puede incluir sólo una cuarta parte de los gastos médicos de su madre. How to fill out a 1040x instructions Sus hermanos no pueden incluir ninguna parte de los gastos. How to fill out a 1040x instructions Sin embargo, si usted y sus hermanos comparten los gastos que no sean de manutención médica y usted paga por separado todos los gastos médicos de su madre, usted puede incluir la cantidad no reembolsada que pagó por concepto de gastos médicos en los gastos médicos de usted. How to fill out a 1040x instructions Difuntos Los gastos médicos que fueron pagados por el difunto antes de que falleciera se incluyen al calcular las deducciones por gastos médicos y dentales en la declaración de impuestos final sobre el ingreso del difunto. How to fill out a 1040x instructions Esto incluye gastos tanto para el cónyuge y los dependientes del difunto como para el mismo difunto. How to fill out a 1040x instructions El sobreviviente o representante personal de un difunto puede optar por tratar ciertos gastos médicos del difunto pagados por el caudal hereditario del mismo como si hubieran sido pagados por el difunto en el momento en que se le proveyeron los servicios médicos. How to fill out a 1040x instructions Los gastos se tienen que pagar dentro del plazo de 1 año a partir del día siguiente al día del fallecimiento. How to fill out a 1040x instructions Si usted es el sobreviviente o representante personal que elige esta opción, tendrá que adjuntar un documento escrito al Formulario 1040 del difunto (o la declaración enmendada del difunto, Formulario 1040X) explicando que los gastos no han sido y no serán declarados en la declaración del impuesto del caudal hereditario. How to fill out a 1040x instructions Los gastos médicos calificados que el difunto pagó antes de su muerte no son deducibles si fueron pagados por medio de una distribución exenta de impuestos proveniente de una cuenta Archer MSA de ahorros médicos, cuenta Medicare Advantage MSA u otra cuenta de ahorros para gastos médicos. How to fill out a 1040x instructions Las declaraciones enmendadas y reclamaciones de reembolsos se explican en el capítulo 1 . How to fill out a 1040x instructions ¿Y si usted paga gastos médicos de un cónyuge fallecido o un dependiente fallecido?   Si usted pagó gastos médicos para su cónyuge o dependiente fallecido, inclúyalos como gastos médicos en su Formulario 1040 en el año en que fueron pagados, independientemente de si se pagan antes o después de la muerte del difunto. How to fill out a 1040x instructions Los gastos pueden ser incluidos si la persona era su cónyuge o dependiente en el momento en que se proveyeron los servicios médicos o en el momento en que usted pagó los gastos. How to fill out a 1040x instructions ¿Qué Gastos Médicos se Pueden Incluir? Use la Tabla 21-1, anteriormente, como guía para determinar qué gastos médicos y dentales puede incluir en el Anexo A (Formulario 1040). How to fill out a 1040x instructions Esta tabla no abarca todos los gastos médicos en los que se puede incurrir. How to fill out a 1040x instructions Para determinar si un gasto no indicado en la tabla se puede incluir en el cálculo de la deducción por gastos médicos, vea la sección ¿Qué Son Gastos Médicos? , anteriormente. How to fill out a 1040x instructions Tabla 21-1. How to fill out a 1040x instructions Lista de Gastos Médicos y Dentales. How to fill out a 1040x instructions Vea la Publicación 502 para más información sobre estos gastos, entre otros. How to fill out a 1040x instructions Puede incluir: No puede incluir: Vendas Píldoras anticonceptivas recetadas por su médico Escaneo electrónico del cuerpo Libros en Braille Extractor de leche materna (sacaleches) y suministros relacionados Gastos de capital para equipo o mejoras a su vivienda que se necesitan para el cuidado médico (vea la hoja de trabajo de la Publicación 502, en inglés) Dispositivos de diagnóstico Gastos de un donante de órganos Cirugía ocular —para promover el funcionamiento correcto del ojo Ciertos procedimientos para aumentar la fertilidad Perros guía u otros animales de ayuda para personas ciegas, sordas o incapacitadas Cargos por servicios hospitalarios (pruebas de laboratorio, terapia, servicios de enfermería, cirugía, etc. How to fill out a 1040x instructions ) Eliminación de pintura a base de plomo Aborto legal Operación legal para evitar tener niños tal como una vasectomía o ligadura de trompas Contratos calificados del cuidado a largo plazo Comidas y alojamiento provistos por un hospital durante un tratamiento médico Cargos por servicios médicos (de médicos, dentistas, cirujanos, especialistas y otros profesionales médicos) Primas de la Parte D de Medicare Primas de seguros médicos y hospitalarios Servicios de enfermería Equipo de oxígeno y oxígeno Parte del cargo por cuidados de vida pagados a un hogar de ancianos designado para cuidados médicos Exámen físico Paquete para pruebas de embarazo Medicamentos recetados (por un médico) e insulina Tratamiento siquiátrico y sicológico Impuesto al Seguro Social, Impuesto al Medicare, prestaciones por desempleo (FUTA) e impuesto estatal sobre el salario de un trabajador que provee cuidados médicos (vea Salarios por servicios de enfermería, más adelante) Artículos especiales (piernas y brazos artificiales, dientes postizos, lentes (espejuelos), lentes de contacto, audífonos, muletas, sillas de ruedas, etc. How to fill out a 1040x instructions ) Educación especial para personas mental o físicamente incapacitadas Programas para dejar de fumar Transporte para cuidados médicos necesarios Tratamiento en un centro de rehabilitación para la adicción a drogas o alcohol (incluye las comidas y el alojamiento provistos por el centro) Salarios por servicios de enfermería Reducción de peso, ciertos gastos relacionados con la obesidad Cuidado infantil Agua embotellada Aportaciones hechas a una cuenta Archer MSA de ahorros médicos (vea la Publicación 969, en inglés) Servicio de pañales Gastos por concepto de su salud en general (aunque usted esté siguiendo los consejos de su médico) tales como: —La cuota de un club deportivo —Ayuda doméstica (incluso si es por recomendación de un médico) —Actividades sociales, tales como cursos de baile o de natación —Viaje para la mejora general de la salud Reembolsos de una cuenta para gastos médicos flexible (flexible spending account) (si las aportaciones fueron hechas antes de impuestos) Gastos de funeral, sepelio o cremación Pagos hechos a cuentas de ahorros para gastos médicos Operación, tratamiento o medicamento ilegal Pólizas de seguro de vida o de protección de ingresos, ni pólizas que proporcionen pagos en caso de pérdida de la vida, una extremidad, la vista, etc. How to fill out a 1040x instructions Ropa de maternidad Seguro médico incluido en una póliza de seguro de automóvil que cubra a todas las personas lesionadas en el automóvil o por el mismo Medicamentos que usted compre sin receta Cuidado de enfermería para un bebé que tenga buena salud Medicamentos recetados que usted trajo (o pidió por envío) de otro país, en la mayoría de los casos Suplementos nutritivos, vitaminas, suplementos a base de hierbas, “medicinas naturales”, etc. How to fill out a 1040x instructions , a menos que sean recomendados por un profesional médico como tratamiento para un padecimiento médico específico que haya sido diagnosticado por un médico Cirugía para propósitos puramente cosméticos Pasta de dientes, artículos de tocador, cosméticos, etc. How to fill out a 1040x instructions Blanqueamiento de dientes Gastos de reducción de peso que no sean para el tratamiento de la obesidad u otra enfermedad Primas de Seguros Puede incluir en los gastos médicos las primas que pague por pólizas de seguros que cubran los cuidados médicos. How to fill out a 1040x instructions Las pólizas de cuidados médicos pueden pagar por tratamientos que abarcan: Hospitalización, servicios de cirugía, radiografías, Medicamentos recetados e insulina, Cuidado dental, Reemplazo de lentes de contacto perdidos o dañados o Cuidados a largo plazo (sujetos a limitaciones adicionales). How to fill out a 1040x instructions Vea Qualified Long-Term Care Insurance Contracts (Contratos de seguro de cuidados a largo plazo calificados) en la Publicación 502, en inglés. How to fill out a 1040x instructions Si tiene una póliza que pague por cuidados que no sean médicos, puede incluir las primas por la parte de la póliza que corresponda a los cuidados médicos si el cargo por esta parte es razonable. How to fill out a 1040x instructions El costo de la parte médica se tiene que indicar por separado en el contrato del seguro o se le tiene que entregar a usted en un estado de cuentas por separado. How to fill out a 1040x instructions Nota: Al calcular la cantidad de primas de seguros que puede incluir en los gastos médicos en el Anexo A, no incluya ningún pago adelantado del crédito tributario por cobertura del seguro médico que aparezca en el recuadro 1 del Formulario 1099-H, Health Coverage Tax Credit (HCTC) Advance Payments (Pagos adelantados del crédito tributario por cobertura de seguro médico (HCTC, por sus siglas en inglés)). How to fill out a 1040x instructions Además, no incluya las primas de seguro que corresponden a un hijo no dependiente menor de 27 años de edad si sus primas aumentaron como resultado de incluir a este hijo en su póliza. How to fill out a 1040x instructions Plan de seguro médico provisto por el empleador. How to fill out a 1040x instructions   No incluya en sus gastos médicos y dentales ninguna prima de seguro pagada por un plan de seguro médico provisto por el empleador a menos que las primas se incluyan en el recuadro 1 del Formulario W-2. How to fill out a 1040x instructions Además, no incluya ningún otro gasto médico o dental pagado por dicho plan a menos que la cantidad pagada se incluya en el recuadro 1 del Formulario W-2. How to fill out a 1040x instructions Ejemplo. How to fill out a 1040x instructions Usted es empleado federal que participa en el plan de conversión de primas del programa de Federal Employee Health Benefits o FEHB, por sus siglas en inglés (Beneficios de salud para empleados federales). How to fill out a 1040x instructions Su parte de la prima del FEHB se paga mediante una reducción de su salario antes de imponerle impuestos. How to fill out a 1040x instructions Como usted es un empleado cuyas primas de seguro se pagan con dinero que nunca se incluye en sus ingresos brutos, no puede deducir las primas que fueron pagadas con dicho dinero. How to fill out a 1040x instructions Servicios de cuidado a largo plazo. How to fill out a 1040x instructions   Las aportaciones hechas por su empleador para proveer cobertura por servicios de cuidados a largo plazo calificados bajo una cuenta para gastos médicos flexible, o cuenta similar, tienen que ser incluidas en sus ingresos. How to fill out a 1040x instructions Esta cantidad será declarada como salario en el recuadro 1 del Formulario W-2. How to fill out a 1040x instructions Plan de reembolso de gastos médicos. How to fill out a 1040x instructions   Si tiene gastos médicos que son reembolsados por un plan de reembolso de gastos médicos (HRA, por sus siglas en inglés), no puede incluirlos en sus gastos médicos. How to fill out a 1040x instructions Esto se debe a que un HRA es financiado únicamente por el empleador. How to fill out a 1040x instructions Funcionarios jubilados del sector de seguridad pública. How to fill out a 1040x instructions   Si usted es funcionario jubilado de seguridad pública, no incluya como gastos médicos ninguna prima de un seguro médico o de cuidados a largo plazo si eligió que dicha prima se pagara con distribuciones exentas de impuestos procedentes de su plan de jubilación. How to fill out a 1040x instructions Esto corresponde solamente a distribuciones que de otro modo se incluirían en los ingresos. How to fill out a 1040x instructions Medicare A. How to fill out a 1040x instructions   Si está cubierto bajo el Seguro Social (o si es empleado del gobierno que pagó el impuesto del Medicare), está inscrito en el Medicare A. How to fill out a 1040x instructions El impuesto sobre la nómina pagado para el Medicare A no es gasto médico. How to fill out a 1040x instructions   Si no está cubierto bajo el Seguro Social (o si no es empleado del gobierno que pagó el impuesto del Medicare), puede inscribirse voluntariamente en el Medicare A. How to fill out a 1040x instructions En esta situación, puede incluir las primas pagadas por concepto de Medicare A como gasto médico. How to fill out a 1040x instructions Medicare B. How to fill out a 1040x instructions    Medicare B es un seguro médico suplementario. How to fill out a 1040x instructions Las primas que paga por concepto del Medicare B son un gasto médico. How to fill out a 1040x instructions Verifique la información que recibió de la Administración del Seguro Social para averiguar la prima correspondiente. How to fill out a 1040x instructions Medicare D. How to fill out a 1040x instructions    Medicare D es un programa voluntario de seguro para medicamentos recetados dirigido a personas con Medicare A o B. How to fill out a 1040x instructions Puede incluir las primas que pague por el Medicare D como un gasto médico. How to fill out a 1040x instructions Primas de seguros pagadas por adelantado. How to fill out a 1040x instructions   Las primas que pague antes de cumplir 65 años de edad por seguros de cuidados médicos a nombre de usted, su cónyuge o sus dependientes después de que usted alcance la edad de 65 años son gastos de cuidados médicos en el año en que se pagan si son: Pagaderas en plazos anuales fijos, o plazos más frecuentes y Pagaderas por al menos 10 años, o hasta que cumpla 65 años de edad (pero no por menos de 5 años). How to fill out a 1040x instructions Licencia por enfermedad sin usar para pagar primas. How to fill out a 1040x instructions   Tiene que incluir en los ingresos brutos los pagos en efectivo que reciba a la fecha de jubilarse por licencia de enfermedad que no haya usado. How to fill out a 1040x instructions También tiene que incluir en los ingresos brutos el valor de la licencia sin usar que, según usted elija, su empleador utiliza para cubrir el costo de su participación continuada en el plan de salud del empleador después de jubilarse. How to fill out a 1040x instructions Puede incluir este costo de participación continuada en el plan médico como gasto médico. How to fill out a 1040x instructions   Si participa en un plan de salud en el que su empleador utiliza automáticamente el valor de la licencia por enfermedad sin usar para cubrir el costo de su participación continuada en el plan de salud (y usted no tiene la opción de recibir dinero en efectivo), no incluya el valor de la licencia por enfermedad sin usar en los ingresos brutos. How to fill out a 1040x instructions No puede incluir este costo de su participación continuada en dicho plan de salud como gasto médico. How to fill out a 1040x instructions Comidas y Alojamiento Puede incluir en los gastos médicos el costo de comidas y alojamiento en un hospital o institución parecida si el motivo principal para estar allí es recibir cuidados médicos. How to fill out a 1040x instructions Vea Hogar de ancianos y de convalecencia , más adelante. How to fill out a 1040x instructions Tal vez pueda incluir en los gastos médicos el costo de alojamiento que no sea en un hospital o institución semejante. How to fill out a 1040x instructions Puede incluir el costo de tal alojamiento mientras esté lejos de su casa si se reúnen todos los siguientes requisitos: El alojamiento es principal y esencialmente para fines de cuidado médico. How to fill out a 1040x instructions El cuidado médico lo provee un médico de un hospital autorizado o de un centro médico asociado con un hospital autorizado o equivalente al mismo. How to fill out a 1040x instructions El alojamiento no es lujoso ni extravagante, dadas las circunstancias. How to fill out a 1040x instructions El placer personal, el recreo o las vacaciones no son factores significativos de la estadía fuera de su hogar. How to fill out a 1040x instructions La cantidad que incluya en los gastos médicos por concepto de alojamiento no puede ser mayor de $50 por cada noche por persona. How to fill out a 1040x instructions Puede incluir el alojamiento para una persona que viaje con la persona que recibe el cuidado médico. How to fill out a 1040x instructions Por ejemplo, si un padre o una madre viaja con un hijo enfermo, se pueden incluir hasta $100 por noche como gasto médico por alojamiento. How to fill out a 1040x instructions No se incluyen comidas. How to fill out a 1040x instructions Hogar de ancianos y de convalecencia. How to fill out a 1040x instructions   Puede incluir en los gastos médicos el costo del cuidado médico en un hogar de ancianos y de convalecencia, residencia de ancianos o un centro similar para usted, su cónyuge o sus dependientes. How to fill out a 1040x instructions Esto incluye el costo de comidas y alojamiento en el hogar o residencia si un motivo principal para estar allí es recibir cuidado médico. How to fill out a 1040x instructions   No incluya el costo de comidas y alojamiento si el motivo para estar en el hogar o residencia es personal. How to fill out a 1040x instructions Puede, sin embargo, incluir en los gastos médicos la parte del costo que corresponda al cuidado médico o de convalecencia. How to fill out a 1040x instructions Transporte Incluya en los gastos médicos cantidades pagadas por transporte si es principal y esencialmente para fines de cuidados médicos. How to fill out a 1040x instructions Puede incluir: Tarifas de autobús, taxi, tren o avión o servicios de ambulancia, Gastos de transporte de un padre o una madre que tiene que acompañar a un hijo que necesita cuidado médico, Gastos de transporte de una enfermera u otra persona que pueda poner inyecciones, suministrar medicamentos u otro tratamiento necesario para un paciente que viaje para recibir cuidado médico y que no pueda viajar solo y Gastos de transporte por visitas regulares a un dependiente que tenga una enfermedad mental, si dichas visitas son recomendadas como parte de su tratamiento. How to fill out a 1040x instructions Gastos de automóvil. How to fill out a 1040x instructions   Puede incluir gastos de bolsillo, tal como el costo de gasolina y aceite, cuando use su automóvil por razones médicas. How to fill out a 1040x instructions No puede incluir depreciación, seguro, reparaciones generales ni gastos de mantenimiento. How to fill out a 1040x instructions   Si no desea usar los gastos reales para el año 2013, puede usar una tarifa estándar de 24 centavos. How to fill out a 1040x instructions    También, puede incluir cargos por estacionamiento y peaje. How to fill out a 1040x instructions Puede añadir estos cargos a sus gastos médicos independientemente de si usa los gastos reales o la tarifa estándar por milla. How to fill out a 1040x instructions Ejemplo. How to fill out a 1040x instructions En 2013, Guillermo Martínez manejó 2,800 millas por razones médicas. How to fill out a 1040x instructions Gastó $500 en gasolina, $30 en aceite y $100 en peajes y estacionamiento. How to fill out a 1040x instructions Quiere calcular la cantidad que puede incluir en gastos médicos de ambas maneras para ver cuál de las dos le da la mayor deducción. How to fill out a 1040x instructions Calcula primero los gastos reales. How to fill out a 1040x instructions Suma los $500 por gasolina, $30 por aceite y $100 por peaje y estacionamiento, lo que da un total de $630. How to fill out a 1040x instructions Luego, Guillermo calcula la cantidad de la tarifa estándar por milla. How to fill out a 1040x instructions Multiplica las 2,800 millas por 24 centavos por milla y llega a un total de $672. How to fill out a 1040x instructions Luego, añade los $100 por peaje y estacionamiento, lo que da un total de $772. How to fill out a 1040x instructions Guillermo incluye los gastos de automóvil de $772 con sus demás gastos médicos para el año, ya que $772 es más que los $630 que calculó usando sus gastos reales. How to fill out a 1040x instructions Gastos de transporte que no puede incluir. How to fill out a 1040x instructions   No puede incluir en los gastos médicos el costo de los gastos de transporte en las siguientes situaciones: Ida y vuelta del trabajo, aun si su condición exije un medio de transporte poco común. How to fill out a 1040x instructions Viajes por motivos puramente personales a otra ciudad para una operación u otros cuidados médicos. How to fill out a 1040x instructions Viajes que son únicamente para mejorar la salud en general. How to fill out a 1040x instructions Los costos de operar un automóvil especialmente equipado por motivos que no sean médicos. How to fill out a 1040x instructions Gastos del Cuidado de un Dependiente Incapacitado Algunos gastos de cuidado de un dependiente incapacitado podrían reunir los requisitos para ser: Gastos médicos o Gastos relacionados con el empleo para reclamar un crédito por el cuidado de dependientes. How to fill out a 1040x instructions (Vea el capítulo 32 y la Publicación 503, Child and Dependent Care Expenses (Gastos del cuidado de menores y dependientes), en inglés). How to fill out a 1040x instructions Puede escoger aplicarlos de una u otra manera siempre que no use los mismos gastos para reclamar tanto un crédito como una deducción por gastos médicos. How to fill out a 1040x instructions ¿Cómo se Tratan los Reembolsos? Puede incluir en los gastos médicos únicamente las cantidades pagadas durante el año tributario para las cuales no recibió ningún reembolso de seguros ni de otro tipo. How to fill out a 1040x instructions Reembolso de Seguros Tiene que deducir del total de sus gastos médicos incurridos durante el año todos los reembolsos de gastos médicos que reciba de seguros u otras fuentes a lo largo del año. How to fill out a 1040x instructions Esto incluye los pagos de Medicare. How to fill out a 1040x instructions Aun si una póliza provee reembolso sólo por ciertos gastos médicos específicos, tiene que restar las cantidades que reciba de esa póliza del total de sus gastos médicos, incluyendo aquéllos que dicha póliza no reembolsa. How to fill out a 1040x instructions Ejemplo. How to fill out a 1040x instructions Usted tiene pólizas de seguros que cubren sus facturas de hospital y de médicos pero no sus facturas de cuidados de enfermería. How to fill out a 1040x instructions El pago que recibe del seguro para cubrir las facturas del hospital y de médico es superior a lo que le cobraron. How to fill out a 1040x instructions Al calcular su deducción médica, tiene que deducir de la cantidad total que gastó en cuidados médicos la cantidad total que recibió del seguro aun si las pólizas no cubren algunos de sus gastos médicos. How to fill out a 1040x instructions Plan (arreglo) de reembolso de gastos médicos. How to fill out a 1040x instructions   Un plan (arreglo) de reembolsos médicos (HRA, por sus siglas en inglés) es un plan establecido con fondos del empleador que reembolsa gastos de cuidados médicos a los empleados y permite trasladar al año siguiente cantidades no usadas. How to fill out a 1040x instructions Un plan HRA es financiado sólo por el empleador y los reembolsos por gastos médicos (hasta una cantidad máxima de dinero por período de cobertura) no se incluyen en sus ingresos. How to fill out a 1040x instructions Otros reembolsos. How to fill out a 1040x instructions   Por lo general, no se deduce de los gastos médicos la cantidad de los pagos que recibe por concepto de: La pérdida permanente o la pérdida del uso de un miembro o función del cuerpo (pérdida de una extremidad, vista, oído, etc. How to fill out a 1040x instructions ) o la desfiguración, siempre y cuando el pago se base en la naturaleza de la lesión, independientemente de cuánto tiempo esté ausente del trabajo o La pérdida de ingresos. How to fill out a 1040x instructions   Sin embargo, tiene que deducir de sus gastos médicos la parte de esos pagos que esté destinada a costos médicos. How to fill out a 1040x instructions Vea Cómo Calcular y Reclamar la Deducción en su Declaración de Impuestos , más adelante. How to fill out a 1040x instructions   Para saber cómo tratar las indemnizaciones recibidas por lesiones personales o enfermedad, vea Indemnizaciones por Lesiones Personales , más adelante. How to fill out a 1040x instructions No tiene una deducción médica si se le reembolsan todos sus gastos médicos del año. How to fill out a 1040x instructions Reembolso en exceso. How to fill out a 1040x instructions   Si se le reembolsa más de sus gastos médicos, podría verse obligado a incluir el excedente en los ingresos. How to fill out a 1040x instructions Puede utilizar la Figura 21-A como guía para decidir si alguna parte de su reembolso está sujeta a impuestos. How to fill out a 1040x instructions Primas pagadas por usted. How to fill out a 1040x instructions   Tiene un reembolso en exceso si paga la totalidad de la prima de su seguro médico, o todos los costos de un plan similar, y los pagos de seguro u otros reembolsos son mayores al total de los gastos médicos del año. How to fill out a 1040x instructions Generalmente no se incluye un reembolso en exceso en el ingreso bruto. How to fill out a 1040x instructions Primas pagadas por usted y su empleador. How to fill out a 1040x instructions   Si tanto usted como su empleador contribuyen a su plan de seguro médico y las aportaciones de su empleador no están incluidas en su ingreso bruto, tiene que incluir en su ingreso bruto la parte del reembolso en exceso contribuida por su empleador. How to fill out a 1040x instructions   Vea la Publicación 502, en inglés, para calcular el monto del reembolso en exceso que tiene que incluir en su ingreso bruto. How to fill out a 1040x instructions Reembolso en un año posterior. How to fill out a 1040x instructions   Si se le reembolsan en un año posterior los gastos médicos que dedujo en un año anterior, normalmente tiene que declarar el reembolso como ingreso hasta la cantidad que dedujo anteriormente por gastos médicos. How to fill out a 1040x instructions   No obstante, no declare como ingresos el reembolso que recibió, hasta la cantidad de deducciones médicas que no redujeron su impuesto del año anterior. How to fill out a 1040x instructions Para más información sobre la recuperación de una cantidad que declaró como deducción detallada en un año anterior, vea Recuperaciones de Deducciones Detalladas , en el capítulo 12. How to fill out a 1040x instructions    Figura 21-A. How to fill out a 1040x instructions ¿Es Tributable su Reembolso Médico en Exceso? Please click here for the text description of the image. How to fill out a 1040x instructions Figura 21−A. How to fill out a 1040x instructions ¿Es Tributable su Reembolso Médico en Exceso? Gastos médicos no deducidos. How to fill out a 1040x instructions   Si no dedujo un gasto médico en el año en que lo pagó porque sus gastos médicos no fueron más del 10% de su ingreso bruto ajustado (7. How to fill out a 1040x instructions 5% si usted o su cónyuge tiene 65 años de edad o más) o porque no detalló las deducciones, no incluya en sus ingresos el reembolso hasta el máximo de la cantidad del gasto. How to fill out a 1040x instructions No obstante, si el reembolso es mayor que el gasto, vea Reembolso en exceso , anteriormente. How to fill out a 1040x instructions Ejemplo. How to fill out a 1040x instructions En 2013, usted no estuvo casado, era menor de 65 años de edad y tuvo gastos médicos de $500. How to fill out a 1040x instructions No puede deducir los $500 porque es menos del 10% de su ingreso bruto ajustado. How to fill out a 1040x instructions Si, en un año posterior, se le reembolsa alguna parte de los $500 en gastos médicos, entonces usted no incluye esa cantidad en su ingreso bruto. How to fill out a 1040x instructions Indemnizaciones por Lesiones Personales Si recibe una indemnización en una demanda por lesiones personales, parte de esa indemnización podría corresponder a gastos médicos que dedujo en un año anterior. How to fill out a 1040x instructions De ser así, tiene que incluir esa parte en sus ingresos del año en el que la recibe en la medida en que dicha cantidad redujo sus ingresos tributables en el año anterior. How to fill out a 1040x instructions Vea Reembolso en un año posterior , presentado anteriormente bajo ¿Cómo se Tratan los Reembolsos? Gastos médicos futuros. How to fill out a 1040x instructions   Si recibe una indemnización por lesiones personales en una demanda por daños y perjuicios, parte de dicha indemnización podría estar destinada a futuros gastos médicos. How to fill out a 1040x instructions De ser así, tiene que reducir todos los gastos médicos futuros en los que incurra por esas lesiones hasta que se agote la cantidad que recibió. How to fill out a 1040x instructions Cómo Calcular y Reclamar la Deducción en su Declaración de Impuestos Una vez que haya determinado qué gastos médicos puede incluir, calcule y declare la deducción en su declaración de impuestos. How to fill out a 1040x instructions ¿Qué Formulario Debe Usar para la Declaración? Calcule la deducción por gastos médicos en el Anexo A (Formulario 1040). How to fill out a 1040x instructions No puede declarar gastos médicos en el Formulario 1040A ni en el Formulario 1040EZ. How to fill out a 1040x instructions Si necesita más información sobre las deducciones detalladas o no está seguro de poder detallar sus deducciones, vea el capítulo 20 de esta publicación. How to fill out a 1040x instructions Anote la cantidad que pagó por gastos médicos y dentales en el Anexo A (Formulario 1040). How to fill out a 1040x instructions Esta cantidad debería ser los gastos que no fueron reembolsados por seguros o alguna otra fuente. How to fill out a 1040x instructions Por lo general, puede deducir únicamente la cantidad de sus gastos médicos y dentales que sea más del 10% de su ingreso bruto ajustado (7. How to fill out a 1040x instructions 5% si usted o su cónyuge tiene 65 años de edad o más), el cual se encuentra en la línea 38 del Formulario 1040. How to fill out a 1040x instructions Gastos de Trabajo Relacionados con un Impedimento Si usted es una persona con una discapacidad, puede tomar una deducción de gastos de negocio que sean necesarios para poder trabajar. How to fill out a 1040x instructions Si toma una deducción de estos gastos de negocio relacionados con un impedimento, no reclame una deducción médica por los mismos gastos. How to fill out a 1040x instructions Usted tiene una discapacidad si tiene: Una discapacidad física o mental (por ejemplo, ceguera o sordera) que lo limite funcionalmente para trabajar o Un impedimento físico o mental (por ejemplo, un impedimento de la vista o del oído) que limita considerablemente una o más de las actividades importantes de su vida, como llevar a cabo tareas manuales, caminar, hablar, respirar, aprender o trabajar. How to fill out a 1040x instructions Definición de gastos de trabajo relacionados con un impedimento. How to fill out a 1040x instructions   Los “gastos de trabajo relacionados con un impedimento” son los gastos de negocio habituales y necesarios que: Son necesarios para que usted haga su trabajo de modo satisfactorio, Son para bienes y servicios que no se exigen ni se usan, salvo de manera imprevista, en sus actividades personales y No están cubiertos por otras leyes que rigen el impuesto sobre el ingreso. How to fill out a 1040x instructions Dónde se anota la deducción. How to fill out a 1040x instructions   Si trabaja por cuenta propia, deduzca los gastos de negocio en el formulario correspondiente (Anexo C, C-EZ, E o F) para declarar ingresos y gastos de negocio. How to fill out a 1040x instructions   Si es empleado, llene el Formulario 2106, Employee Business Expenses (Gastos de negocio del empleado), o el Formulario 2106-EZ, Unreimbursed Employee Business Expenses (Gastos de negocio del empleado no reembolsados), ambos en inglés. How to fill out a 1040x instructions Anote en el Anexo A (Formulario 1040) la parte de la cantidad del Formulario 2106, o el Formulario 2106-EZ, relacionada con su impedimento. How to fill out a 1040x instructions Anote la cantidad que no esté relacionada con su impedimento en el Anexo A (Formulario 1040). How to fill out a 1040x instructions Los gastos de trabajo relacionados con un impedimento no están sujetos al límite del 2% del ingreso bruto ajustado que corresponde a otros gastos de negocio del empleado. How to fill out a 1040x instructions Ejemplo. How to fill out a 1040x instructions Usted es ciego. How to fill out a 1040x instructions Necesita un lector para realizar su trabajo. How to fill out a 1040x instructions Tiene que servirse del lector tanto durante sus horas normales de trabajo en su lugar de trabajo como fuera de dicho lugar y horario. How to fill out a 1040x instructions Los servicios del lector son únicamente para su trabajo. How to fill out a 1040x instructions Puede deducir sus gastos por los servicios del lector como gastos de negocio. How to fill out a 1040x instructions Costos del Seguro Médico para Personas que Trabajan por Cuenta Propia Si usted trabajó por cuenta propia y tuvo una utilidad neta ese año, es posible que pueda deducir, como un ajuste a sus ingresos, las cantidades pagadas por seguro médico y seguro de cuidado a largo plazo calificado para usted, su cónyuge, sus dependientes y sus hijos menores de 27 años de edad a finales del año 2013. How to fill out a 1040x instructions Para ese fin, se considera que trabajó por cuenta propia si fue socio general (o socio en una sociedad limitada y recibía pagos garantizados) o recibió un salario de una sociedad anónima de tipo S en la que tenía una participación como accionista de más del 2%. How to fill out a 1040x instructions El plan de seguros debe estar a nombre de su ocupación o negocio y la deducción no puede ser mayor que su ingreso del trabajo procedente de dicha ocupación o negocio. How to fill out a 1040x instructions No puede deducir pagos por seguro médico por ningún mes en el que haya cumplido los requisitos para participar en algún plan de salud subvencionado por su empleador, el empleador de su cónyuge o el empleador de su dependiente o de su hijo menor de 27 años de edad a finales del año 2013. How to fill out a 1040x instructions No puede deducir pagos por un contrato de cuidados a largo plazo en ningún mes en el que haya cumplido los requisitos para participar en algún plan de seguro por cuidados a largo plazo subvencionado por su empleador o el empleador de su cónyuge. How to fill out a 1040x instructions Si reúne los requisitos para reclamar la deducción, use la Self-Employed Health Insurance Deduction Worksheet (Hoja de trabajo para deducciones del seguro médico para personas que trabajan por cuenta propia) de las Instrucciones del Formulario 1040, en inglés, para calcular la cantidad que puede deducir. How to fill out a 1040x instructions Pero si corresponde alguno de los siguientes puntos, no use dicha hoja de trabajo: Tuvo más de una fuente de ingresos sujeta al impuesto sobre el trabajo por cuenta propia. How to fill out a 1040x instructions Presenta el Formulario 2555, Foreign Earned Income (Ingreso devengado en el extranjero) o el Formulario 2555-EZ, Foreign Earned Income Exclusion (Exclusión de ingreso devengado en el extranjero), ambos en inglés. How to fill out a 1040x instructions Calcula la deducción usando cantidades pagadas por un seguro de cuidados a largo plazo calificado. How to fill out a 1040x instructions Si no puede usar la hoja de trabajo de las Instrucciones del Formulario 1040, use la hoja de trabajo de la Publicación 535, Business Expenses (Gastos de negocio), en inglés, para calcular su deducción. How to fill out a 1040x instructions Nota: Al calcular la cantidad que puede deducir por primas de seguros, no incluya ningún pago adelantado que aparezca en el Formulario 1099-H, Health Coverage Tax Credit (HCTC) Advance Payments (Pagos adelantados del crédito tributario por cobertura de seguro médico (HCTC, por sus siglas en inglés)). How to fill out a 1040x instructions Asimismo, si reclama el crédito tributario por cobertura de seguro médico, reste la cantidad que aparece en el Formulario 8885, en inglés, del total de las primas de seguros que pagó. How to fill out a 1040x instructions No incluya cantidades pagadas por cobertura de seguro médico si dichas cantidades se pagaron con distribuciones de un plan de jubilación que estaban exentas de impuestos porque usted es funcionario de seguridad pública jubilado. How to fill out a 1040x instructions Dónde se anota la deducción. How to fill out a 1040x instructions    Haga esta deducción en el Formulario 1040. How to fill out a 1040x instructions Si detalla sus deducciones y no declara en el Formulario 1040 el 100% de su seguro médico para personas que trabajan por cuenta propia, generalmente puede incluir las demás primas con todos los demás gastos médicos en el Anexo A (Formulario 1040), sujetos al límite del 10% (7. How to fill out a 1040x instructions 5% si usted o su cónyuge tiene 65 años de edad o más). How to fill out a 1040x instructions Vea el tema titulado “Self-Employed Health Insurance Deduction” (Deducción del seguro de salud de la persona que trabaja por cuenta propia), en el capítulo 6 de la Publicación 535, Business Expenses (Gastos de negocio), y el tema titulado “Medical and Dental Expenses” (Gastos médicos y dentales), en las Instrucciones para el Anexo A (Formulario 1040), ambos disponibles en inglés, para más información. How to fill out a 1040x instructions Prev  Up  Next   Home   More Online Publications
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The How To Fill Out A 1040x Instructions

How to fill out a 1040x instructions 11. How to fill out a 1040x instructions   Casualties, Thefts, and Condemnations Table of Contents Introduction Topics - This chapter discusses: Useful Items - You may want to see: Casualties and TheftsDeductible losses. How to fill out a 1040x instructions Nondeductible losses. How to fill out a 1040x instructions Family pet. How to fill out a 1040x instructions Progressive deterioration. How to fill out a 1040x instructions Decline in market value of stock. How to fill out a 1040x instructions Mislaid or lost property. How to fill out a 1040x instructions Farming Losses How To Figure a Loss Deduction Limits on Losses of Personal-Use Property When Loss Is Deductible Proof of Loss Figuring a Gain Other Involuntary ConversionsCondemnation Irrigation Project Livestock Losses Tree Seedlings Postponing GainException. How to fill out a 1040x instructions Related persons. How to fill out a 1040x instructions Replacement Property Replacement Period How To Postpone Gain Disaster Area LossesWho is eligible. How to fill out a 1040x instructions Covered disaster area. How to fill out a 1040x instructions Reporting Gains and Losses Introduction This chapter explains the tax treatment of casualties, thefts, and condemnations. How to fill out a 1040x instructions A casualty occurs when property is damaged, destroyed, or lost due to a sudden, unexpected, or unusual event. How to fill out a 1040x instructions A theft occurs when property is stolen. How to fill out a 1040x instructions A condemnation occurs when private property is legally taken for public use without the owner's consent. How to fill out a 1040x instructions A casualty, theft, or condemnation may result in a deductible loss or taxable gain on your federal income tax return. How to fill out a 1040x instructions You may have a deductible loss or a taxable gain even if only a portion of your property was affected by a casualty, theft, or condemnation. How to fill out a 1040x instructions An involuntary conversion occurs when you receive money or other property as reimbursement for a casualty, theft, condemnation, disposition of property under threat of condemnation, or certain other events discussed in this chapter. How to fill out a 1040x instructions If an involuntary conversion results in a gain and you buy qualified replacement property within the specified replacement period, you can postpone reporting the gain on your income tax return. How to fill out a 1040x instructions For more information, see Postponing Gain , later. How to fill out a 1040x instructions Topics - This chapter discusses: Casualties and thefts How to figure a loss or gain Other involuntary conversions Postponing gain Disaster area losses Reporting gains and losses Drought involving property connected with a trade or business or a transaction entered into for profit Useful Items - You may want to see: Publication 523 Selling Your Home 525 Taxable and Nontaxable Income 536 Net Operating Losses (NOLs) for Individuals, Estates, and Trusts 544 Sales and Other Dispositions of Assets 547 Casualties, Disasters, and Thefts 584 Casualty, Disaster, and Theft Loss Workbook (Personal-Use Property) 584-B Business Casualty, Disaster, and Theft Loss Workbook Form (and Instructions) Sch A (Form 1040) Itemized Deductions Sch D (Form 1040) Capital Gains and Losses Sch F (Form 1040) Profit or Loss From Farming 4684 Casualties and Thefts 4797 Sales of Business Property See chapter 16 for information about getting publications and forms. How to fill out a 1040x instructions Casualties and Thefts If your property is destroyed, damaged, or stolen, you may have a deductible loss. How to fill out a 1040x instructions If the insurance or other reimbursement is more than the adjusted basis of the destroyed, damaged, or stolen property, you may have a taxable gain. How to fill out a 1040x instructions Casualty. How to fill out a 1040x instructions   A casualty is the damage, destruction, or loss of property resulting from an identifiable event that is sudden, unexpected, or unusual. How to fill out a 1040x instructions A sudden event is one that is swift, not gradual or progressive. How to fill out a 1040x instructions An unexpected event is one that is ordinarily unanticipated and unintended. How to fill out a 1040x instructions An unusual event is one that is not a day-to-day occurrence and that is not typical of the activity in which you were engaged. How to fill out a 1040x instructions Deductible losses. How to fill out a 1040x instructions   Deductible casualty losses can result from a number of different causes, including the following. How to fill out a 1040x instructions Airplane crashes. How to fill out a 1040x instructions Car, truck, or farm equipment accidents not resulting from your willful act or willful negligence. How to fill out a 1040x instructions Earthquakes. How to fill out a 1040x instructions Fires (but see Nondeductible losses next for exceptions). How to fill out a 1040x instructions Floods. How to fill out a 1040x instructions Freezing. How to fill out a 1040x instructions Government-ordered demolition or relocation of a home that is unsafe to use because of a disaster as discussed under Disaster Area Losses, in Publication 547. How to fill out a 1040x instructions Lightning. How to fill out a 1040x instructions Storms, including hurricanes and tornadoes. How to fill out a 1040x instructions Terrorist attacks. How to fill out a 1040x instructions Vandalism. How to fill out a 1040x instructions Volcanic eruptions. How to fill out a 1040x instructions Nondeductible losses. How to fill out a 1040x instructions   A casualty loss is not deductible if the damage or destruction is caused by the following. How to fill out a 1040x instructions Accidentally breaking articles such as glassware or china under normal conditions. How to fill out a 1040x instructions A family pet (explained below). How to fill out a 1040x instructions A fire if you willfully set it, or pay someone else to set it. How to fill out a 1040x instructions A car, truck, or farm equipment accident if your willful negligence or willful act caused it. How to fill out a 1040x instructions The same is true if the willful act or willful negligence of someone acting for you caused the accident. How to fill out a 1040x instructions Progressive deterioration (explained below). How to fill out a 1040x instructions Family pet. How to fill out a 1040x instructions   Loss of property due to damage by a family pet is not deductible as a casualty loss unless the requirements discussed above under Casualty are met. How to fill out a 1040x instructions Example. How to fill out a 1040x instructions You keep your horse in your yard. How to fill out a 1040x instructions The ornamental fruit trees in your yard were damaged when your horse stripped the bark from them. How to fill out a 1040x instructions Some of the trees were completely girdled and died. How to fill out a 1040x instructions Because the damage was not unexpected or unusual, the loss is not deductible. How to fill out a 1040x instructions Progressive deterioration. How to fill out a 1040x instructions   Loss of property due to progressive deterioration is not deductible as a casualty loss. How to fill out a 1040x instructions This is because the damage results from a steadily operating cause or a normal process, rather than from a sudden event. How to fill out a 1040x instructions Examples of damage due to progressive deterioration include damage from rust, corrosion, or termites. How to fill out a 1040x instructions However, weather-related conditions or disease may cause another type of involuntary conversion. How to fill out a 1040x instructions See Other Involuntary Conversions , later. How to fill out a 1040x instructions Theft. How to fill out a 1040x instructions   A theft is the taking and removing of money or property with the intent to deprive the owner of it. How to fill out a 1040x instructions The taking of property must be illegal under the law of the state where it occurred and it must have been done with criminal intent. How to fill out a 1040x instructions You do not need to show a conviction for theft. How to fill out a 1040x instructions   Theft includes the taking of money or property by the following means: Blackmail, Burglary, Embezzlement, Extortion, Kidnapping for ransom, Larceny, Robbery, or Threats. How to fill out a 1040x instructions The taking of money or property through fraud or misrepresentation is theft if it is illegal under state or local law. How to fill out a 1040x instructions Decline in market value of stock. How to fill out a 1040x instructions   You cannot deduct as a theft loss the decline in market value of stock acquired on the open market for investment if the decline is caused by disclosure of accounting fraud or other illegal misconduct by the officers or directors of the corporation that issued the stock. How to fill out a 1040x instructions However, you can deduct as a capital loss the loss you sustain when you sell or exchange the stock or the stock becomes completely worthless. How to fill out a 1040x instructions You report a capital loss on Schedule D (Form 1040). How to fill out a 1040x instructions For more information about stock sales, worthless stock, and capital losses, see chapter 4 of Publication 550. How to fill out a 1040x instructions Mislaid or lost property. How to fill out a 1040x instructions   The simple disappearance of money or property is not a theft. How to fill out a 1040x instructions However, an accidental loss or disappearance of property can qualify as a casualty if it results from an identifiable event that is sudden, unexpected, or unusual. How to fill out a 1040x instructions Example. How to fill out a 1040x instructions A car door is accidentally slammed on your hand, breaking the setting of your diamond ring. How to fill out a 1040x instructions The diamond falls from the ring and is never found. How to fill out a 1040x instructions The loss of the diamond is a casualty. How to fill out a 1040x instructions Farming Losses You can deduct certain casualty or theft losses that occur in the business of farming. How to fill out a 1040x instructions The following is a discussion of some losses you can deduct and some you cannot deduct. How to fill out a 1040x instructions Livestock or produce bought for resale. How to fill out a 1040x instructions   Casualty or theft losses of livestock or produce bought for resale are deductible if you report your income on the cash method. How to fill out a 1040x instructions If you report your income on an accrual method, take casualty and theft losses on property bought for resale by omitting the item from the closing inventory for the year of the loss. How to fill out a 1040x instructions You cannot take a separate deduction. How to fill out a 1040x instructions Livestock, plants, produce, and crops raised for sale. How to fill out a 1040x instructions   Losses of livestock, plants, produce, and crops raised for sale are generally not deductible if you report your income on the cash method. How to fill out a 1040x instructions You have already deducted the cost of raising these items as farm expenses, so their basis is equal to zero. How to fill out a 1040x instructions   For plants with a preproductive period of more than 2 years, you may have a deductible loss if you have a tax basis in the plants. How to fill out a 1040x instructions You usually have a tax basis if you capitalized the expenses associated with these plants under the uniform capitalization rules. How to fill out a 1040x instructions The uniform capitalization rules are discussed in chapter 6. How to fill out a 1040x instructions   If you report your income on an accrual method, casualty or theft losses are deductible only if you included the items in your inventory at the beginning of your tax year. How to fill out a 1040x instructions You get the deduction by omitting the item from your inventory at the close of your tax year. How to fill out a 1040x instructions You cannot take a separate casualty or theft deduction. How to fill out a 1040x instructions Income loss. How to fill out a 1040x instructions   A loss of future income is not deductible. How to fill out a 1040x instructions Example. How to fill out a 1040x instructions A severe flood destroyed your crops. How to fill out a 1040x instructions Because you are a cash method taxpayer and already deducted the cost of raising the crops as farm expenses, this loss is not deductible, as explained above under Livestock, plants, produce, and crops raised for sale . How to fill out a 1040x instructions You estimate that the crop loss will reduce your farm income by $25,000. How to fill out a 1040x instructions This loss of future income is also not deductible. How to fill out a 1040x instructions Loss of timber. How to fill out a 1040x instructions   If you sell timber downed as a result of a casualty, treat the proceeds from the sale as a reimbursement. How to fill out a 1040x instructions If you use the proceeds to buy qualified replacement property, you can postpone reporting the gain. How to fill out a 1040x instructions See Postponing Gain , later. How to fill out a 1040x instructions Property used in farming. How to fill out a 1040x instructions   Casualty and theft losses of property used in your farm business usually result in deductible losses. How to fill out a 1040x instructions If a fire or storm destroyed your barn, or you lose by casualty or theft an animal you bought for draft, breeding, dairy, or sport, you may have a deductible loss. How to fill out a 1040x instructions See How To Figure a Loss , later. How to fill out a 1040x instructions Raised draft, breeding, dairy, or sporting animals. How to fill out a 1040x instructions   Generally, losses of raised draft, breeding, dairy, or sporting animals do not result in deductible casualty or theft losses because you have no basis in the animals. How to fill out a 1040x instructions However, you may have a basis in the animal and therefore may be able to claim a deduction if either of the following situations applies to you. How to fill out a 1040x instructions You use inventories to determine your income and you included the animals in your inventory. How to fill out a 1040x instructions You capitalized the expenses associated with the animals under the uniform capitalization rules and therefore have a tax basis in the animals subject to a casualty or theft. How to fill out a 1040x instructions When you include livestock in inventory, its last inventory value is its basis. How to fill out a 1040x instructions When you lose an inventoried animal held for draft, breeding, dairy, or sport by casualty or theft during the year, decrease ending inventory by the amount you included in inventory for the animal. How to fill out a 1040x instructions You cannot take a separate deduction. How to fill out a 1040x instructions How To Figure a Loss How you figure a deductible casualty or theft loss depends on whether the loss was to farm or personal-use property and whether the property was stolen or partly or completely destroyed. How to fill out a 1040x instructions Farm property. How to fill out a 1040x instructions   Farm property is the property you use in your farming business. How to fill out a 1040x instructions If your farm property was completely destroyed or stolen, your loss is figured as follows:      Your adjusted basis in the property     MINUS     Any salvage value     MINUS     Any insurance or other reimbursement you  receive or expect to receive      You can use the schedules in Publication 584-B to list your stolen, damaged, or destroyed business property and to figure your loss. How to fill out a 1040x instructions   If your farm property was partially damaged, use the steps shown under Personal-use property next to figure your casualty loss. How to fill out a 1040x instructions However, the deduction limits, discussed later, do not apply to farm property. How to fill out a 1040x instructions Personal-use property. How to fill out a 1040x instructions   Personal-use property is property used by you or your family members for personal purposes and not used in your farm business or for income-producing purposes. How to fill out a 1040x instructions The following items are examples of personal-use property: Your main home. How to fill out a 1040x instructions Furniture and electronics used in your main home and not used in a home office or for business purposes. How to fill out a 1040x instructions Clothing and jewelry. How to fill out a 1040x instructions An automobile used for nonbusiness purposes. How to fill out a 1040x instructions You figure the casualty or theft loss on this property by taking the following steps. How to fill out a 1040x instructions Determine your adjusted basis in the property before the casualty or theft. How to fill out a 1040x instructions Determine the decrease in fair market value of the property as a result of the casualty or theft. How to fill out a 1040x instructions From the smaller of the amounts you determined in (1) and (2), subtract any insurance or other reimbursement you receive or expect to receive. How to fill out a 1040x instructions You must apply the deduction limits, discussed later, to determine your deductible loss. How to fill out a 1040x instructions    You can use Publication 584 to list your stolen or damaged personal-use property and figure your loss. How to fill out a 1040x instructions It includes schedules to help you figure the loss on your home, its contents, and your motor vehicles. How to fill out a 1040x instructions Adjusted basis. How to fill out a 1040x instructions   Adjusted basis is your basis (usually cost) increased or decreased by various events, such as improvements and casualty losses. How to fill out a 1040x instructions For more information about adjusted basis, see chapter 6. How to fill out a 1040x instructions Decrease in fair market value (FMV). How to fill out a 1040x instructions   The decrease in FMV is the difference between the property's value immediately before the casualty or theft and its value immediately afterward. How to fill out a 1040x instructions FMV is defined in chapter 10 under Payments Received or Considered Received . How to fill out a 1040x instructions Appraisal. How to fill out a 1040x instructions   To figure the decrease in FMV because of a casualty or theft, you generally need a competent appraisal. How to fill out a 1040x instructions But other measures, such as the cost of cleaning up or making repairs (discussed next) can be used to establish decreases in FMV. How to fill out a 1040x instructions   An appraisal to determine the difference between the FMV of the property immediately before a casualty or theft and immediately afterward should be made by a competent appraiser. How to fill out a 1040x instructions The appraiser must recognize the effects of any general market decline that may occur along with the casualty. How to fill out a 1040x instructions This information is needed to limit any deduction to the actual loss resulting from damage to the property. How to fill out a 1040x instructions Cost of cleaning up or making repairs. How to fill out a 1040x instructions   The cost of cleaning up after a casualty is not part of a casualty loss. How to fill out a 1040x instructions Neither is the cost of repairing damaged property after a casualty. How to fill out a 1040x instructions But you can use the cost of cleaning up or making repairs after a casualty as a measure of the decrease in FMV if you meet all the following conditions. How to fill out a 1040x instructions The repairs are actually made. How to fill out a 1040x instructions The repairs are necessary to bring the property back to its condition before the casualty. How to fill out a 1040x instructions The amount spent for repairs is not excessive. How to fill out a 1040x instructions The repairs fix the damage only. How to fill out a 1040x instructions The value of the property after the repairs is not, due to the repairs, more than the value of the property before the casualty. How to fill out a 1040x instructions Related expenses. How to fill out a 1040x instructions   The incidental expenses due to a casualty or theft, such as expenses for the treatment of personal injuries, temporary housing, or a rental car, are not part of your casualty or theft loss. How to fill out a 1040x instructions However, they may be deductible as farm business expenses if the damaged or stolen property is farm property. How to fill out a 1040x instructions Separate computations for more than one item of property. How to fill out a 1040x instructions   Generally, if a single casualty or theft involves more than one item of property, you must figure your loss separately for each item of property. How to fill out a 1040x instructions Then combine the losses to determine your total loss. How to fill out a 1040x instructions    There is an exception to this rule for personal-use real property. How to fill out a 1040x instructions See Exception for personal-use real property, later. How to fill out a 1040x instructions Example. How to fill out a 1040x instructions A fire on your farm damaged a tractor and the barn in which it was stored. How to fill out a 1040x instructions The tractor had an adjusted basis of $3,300. How to fill out a 1040x instructions Its FMV was $28,000 just before the fire and $10,000 immediately afterward. How to fill out a 1040x instructions The barn had an adjusted basis of $28,000. How to fill out a 1040x instructions Its FMV was $55,000 just before the fire and $25,000 immediately afterward. How to fill out a 1040x instructions You received insurance reimbursements of $2,100 on the tractor and $26,000 on the barn. How to fill out a 1040x instructions Figure your deductible casualty loss separately for the two items of property. How to fill out a 1040x instructions     Tractor Barn 1) Adjusted basis $3,300 $28,000 2) FMV before fire $28,000 $55,000 3) FMV after fire 10,000 25,000 4) Decrease in FMV  (line 2 − line 3) $18,000 $30,000 5) Loss (lesser of line 1 or line 4) $3,300 $28,000 6) Minus: Insurance 2,100 26,000 7) Deductible casualty loss $1,200 $2,000 8) Total deductible casualty loss $3,200 Exception for personal-use real property. How to fill out a 1040x instructions   In figuring a casualty loss on personal-use real property, the entire property (including any improvements, such as buildings, trees, and shrubs) is treated as one item. How to fill out a 1040x instructions Figure the loss using the smaller of the following. How to fill out a 1040x instructions The decrease in FMV of the entire property. How to fill out a 1040x instructions The adjusted basis of the entire property. How to fill out a 1040x instructions Example. How to fill out a 1040x instructions You bought a farm in 1990 for $160,000. How to fill out a 1040x instructions The adjusted basis of the residential part is now $128,000. How to fill out a 1040x instructions In 2013, a windstorm blew down shade trees and three ornamental trees planted at a cost of $7,500 on the residential part. How to fill out a 1040x instructions The adjusted basis of the residential part includes the $7,500. How to fill out a 1040x instructions The fair market value (FMV) of the residential part immediately before the storm was $400,000, and $385,000 immediately after the storm. How to fill out a 1040x instructions The trees were not covered by insurance. How to fill out a 1040x instructions 1) Adjusted basis $128,000 2) FMV before the storm $400,000 3) FMV after the storm 385,000 4) Decrease in FMV (line 2 − line 3) $15,000 5) Loss before insurance (lesser of line 1 or line 4) $15,000 6) Minus: Insurance -0- 7) Amount of loss $15,000 Insurance and other reimbursements. How to fill out a 1040x instructions   If you receive an insurance or other type of reimbursement, you must subtract the reimbursement when you figure your loss. How to fill out a 1040x instructions You do not have a casualty or theft loss to the extent you are reimbursed. How to fill out a 1040x instructions   If you expect to be reimbursed for part or all of your loss, you must subtract the expected reimbursement when you figure your loss. How to fill out a 1040x instructions You must reduce your loss even if you do not receive payment until a later tax year. How to fill out a 1040x instructions    Do not subtract from your loss any insurance payments you receive for living expenses if you lose the use of your main home or are denied access to it because of a casualty. How to fill out a 1040x instructions You may have to include a portion of these payments in your income. How to fill out a 1040x instructions See Insurance payments for living expenses in Publication 547 for details. How to fill out a 1040x instructions Disaster relief. How to fill out a 1040x instructions   Food, medical supplies, and other forms of assistance you receive do not reduce your casualty loss, unless they are replacements for lost or destroyed property. How to fill out a 1040x instructions Excludable cash gifts you receive also do not reduce your casualty loss if there are no limits on how you can use the money. How to fill out a 1040x instructions   Generally, disaster relief grants received under the Robert T. How to fill out a 1040x instructions Stafford Disaster Relief and Emergency Assistance Act are not included in your income. How to fill out a 1040x instructions See Federal disaster relief grants , later, under Disaster Area Losses . How to fill out a 1040x instructions   Qualified disaster relief payments for expenses you incurred as a result of a federally declared disaster are not taxable income to you. How to fill out a 1040x instructions See Qualified disaster relief payments , later, under Disaster Area Losses . How to fill out a 1040x instructions Reimbursement received after deducting loss. How to fill out a 1040x instructions   If you figure your casualty or theft loss using your expected reimbursement, you may have to adjust your tax return for the tax year in which you get your actual reimbursement. How to fill out a 1040x instructions Actual reimbursement less than expected. How to fill out a 1040x instructions   If you later receive less reimbursement than you expected, include that difference as a loss with your other losses (if any) on your return for the year in which you can reasonably expect no more reimbursement. How to fill out a 1040x instructions Actual reimbursement more than expected. How to fill out a 1040x instructions   If you later receive more reimbursement than you expected after you have claimed a deduction for the loss, you may have to include the extra reimbursement in your income for the year you receive it. How to fill out a 1040x instructions However, if any part of your original deduction did not reduce your tax for the earlier year, do not include that part of the reimbursement in your income. How to fill out a 1040x instructions Do not refigure your tax for the year you claimed the deduction. How to fill out a 1040x instructions See Recoveries in Publication 525 to find out how much extra reimbursement to include in income. How to fill out a 1040x instructions If the total of all the reimbursements you receive is more than your adjusted basis in the destroyed or stolen property, you will have a gain on the casualty or theft. How to fill out a 1040x instructions See Figuring a Gain in Publication 547 for information on how to treat a gain from the reimbursement you receive because of a casualty or theft. How to fill out a 1040x instructions Actual reimbursement same as expected. How to fill out a 1040x instructions   If you receive exactly the reimbursement you expected to receive, you do not have to include any of the reimbursement in your income and you cannot deduct any additional loss. How to fill out a 1040x instructions Lump-sum reimbursement. How to fill out a 1040x instructions   If you have a casualty or theft loss of several assets at the same time without an allocation of reimbursement to specific assets, divide the lump-sum reimbursement among the assets according to the fair market value of each asset at the time of the loss. How to fill out a 1040x instructions Figure the gain or loss separately for each asset that has a separate basis. How to fill out a 1040x instructions Adjustments to basis. How to fill out a 1040x instructions   If you have a casualty or theft loss, you must decrease your basis in the property by any insurance or other reimbursement you receive and by any deductible loss. How to fill out a 1040x instructions The result is your adjusted basis in the property. How to fill out a 1040x instructions Amounts you spend on repairs to restore your property to its pre-casualty condition increase your adjusted basis. How to fill out a 1040x instructions See Adjusted Basis in chapter 6 for more information. How to fill out a 1040x instructions Example. How to fill out a 1040x instructions You built a new silo for $25,000. How to fill out a 1040x instructions This is the basis in your silo because that is the total cost you incurred to build it. How to fill out a 1040x instructions During the year, a tornado damaged your silo and your allowable casualty loss deduction was $1,000. How to fill out a 1040x instructions In addition, your insurance company reimbursed you $4,000 for the damage and you spent $6,000 to restore the silo to its pre-casualty condition. How to fill out a 1040x instructions Your adjusted basis in the silo after the casualty is $26,000 ($25,000 - $1,000 - $4,000 + $6,000). How to fill out a 1040x instructions Deduction Limits on Losses of Personal-Use Property Casualty and theft losses of property held for personal use may be deductible if you itemize deductions on Schedule A (Form 1040). How to fill out a 1040x instructions There are two limits on the deduction for casualty or theft loss of personal-use property. How to fill out a 1040x instructions You figure these limits on Form 4684. How to fill out a 1040x instructions $100 rule. How to fill out a 1040x instructions   You must reduce each casualty or theft loss on personal-use property by $100. How to fill out a 1040x instructions This rule applies after you have subtracted any reimbursement. How to fill out a 1040x instructions 10% rule. How to fill out a 1040x instructions   You must further reduce the total of all your casualty or theft losses on personal-use property by 10% of your adjusted gross income. How to fill out a 1040x instructions Apply this rule after you reduce each loss by $100. How to fill out a 1040x instructions Adjusted gross income is on line 38 of Form 1040. How to fill out a 1040x instructions Example. How to fill out a 1040x instructions In June, you discovered that your house had been burglarized. How to fill out a 1040x instructions Your loss after insurance reimbursement was $2,000. How to fill out a 1040x instructions Your adjusted gross income for the year you discovered the burglary is $57,000. How to fill out a 1040x instructions Figure your theft loss deduction as follows: 1. How to fill out a 1040x instructions Loss after insurance $2,000 2. How to fill out a 1040x instructions Subtract $100 100 3. How to fill out a 1040x instructions Loss after $100 rule $1,900 4. How to fill out a 1040x instructions Subtract 10% (. How to fill out a 1040x instructions 10) × $57,000 AGI $5,700 5. How to fill out a 1040x instructions Theft loss deduction -0- You do not have a theft loss deduction because your loss ($1,900) is less than 10% of your adjusted gross income ($5,700). How to fill out a 1040x instructions    If you have a casualty or theft gain in addition to a loss, you will have to make a special computation before you figure your 10% limit. How to fill out a 1040x instructions See 10% Rule in Publication 547. How to fill out a 1040x instructions When Loss Is Deductible Generally, you can deduct casualty losses that are not reimbursable only in the tax year in which they occur. How to fill out a 1040x instructions You generally can deduct theft losses that are not reimbursable only in the year you discover your property was stolen. How to fill out a 1040x instructions However, losses in federally declared disaster areas are subject to different rules. How to fill out a 1040x instructions See Disaster Area Losses , later, for an exception. How to fill out a 1040x instructions If you are not sure whether part of your casualty or theft loss will be reimbursed, do not deduct that part until the tax year when you become reasonably certain that it will not be reimbursed. How to fill out a 1040x instructions Leased property. How to fill out a 1040x instructions   If you lease property from someone else, you can deduct a loss on the property in the year your liability for the loss is fixed. How to fill out a 1040x instructions This is true even if the loss occurred or the liability was paid in a different year. How to fill out a 1040x instructions You are not entitled to a deduction until your liability under the lease can be determined with reasonable accuracy. How to fill out a 1040x instructions Your liability can be determined when a claim for recovery is settled, adjudicated, or abandoned. How to fill out a 1040x instructions Example. How to fill out a 1040x instructions Robert leased a tractor from First Implement, Inc. How to fill out a 1040x instructions , for use in his farm business. How to fill out a 1040x instructions The tractor was destroyed by a tornado in June 2012. How to fill out a 1040x instructions The loss was not insured. How to fill out a 1040x instructions First Implement billed Robert for the fair market value of the tractor on the date of the loss. How to fill out a 1040x instructions Robert disagreed with the bill and refused to pay it. How to fill out a 1040x instructions First Implement later filed suit in court against Robert. How to fill out a 1040x instructions In 2013, Robert and First Implement agreed to settle the suit for $20,000, and the court entered a judgment in favor of First Implement. How to fill out a 1040x instructions Robert paid $20,000 in June 2013. How to fill out a 1040x instructions He can claim the $20,000 as a loss on his 2013 tax return. How to fill out a 1040x instructions Net operating loss (NOL). How to fill out a 1040x instructions   If your deductions, including casualty or theft loss deductions, are more than your income for the year, you may have an NOL. How to fill out a 1040x instructions An NOL can be carried back or carried forward and deducted from income in other years. How to fill out a 1040x instructions See Publication 536 for more information on NOLs. How to fill out a 1040x instructions Proof of Loss To deduct a casualty or theft loss, you must be able to prove that there was a casualty or theft. How to fill out a 1040x instructions You must have records to support the amount you claim for the loss. How to fill out a 1040x instructions Casualty loss proof. How to fill out a 1040x instructions   For a casualty loss, your records should show all the following information. How to fill out a 1040x instructions The type of casualty (car accident, fire, storm, etc. How to fill out a 1040x instructions ) and when it occurred. How to fill out a 1040x instructions That the loss was a direct result of the casualty. How to fill out a 1040x instructions That you were the owner of the property or, if you leased the property from someone else, that you were contractually liable to the owner for the damage. How to fill out a 1040x instructions Whether a claim for reimbursement exists for which there is a reasonable expectation of recovery. How to fill out a 1040x instructions Theft loss proof. How to fill out a 1040x instructions   For a theft loss, your records should show all the following information. How to fill out a 1040x instructions When you discovered your property was missing. How to fill out a 1040x instructions That your property was stolen. How to fill out a 1040x instructions That you were the owner of the property. How to fill out a 1040x instructions Whether a claim for reimbursement exists for which there is a reasonable expectation of recovery. How to fill out a 1040x instructions Figuring a Gain A casualty or theft may result in a taxable gain. How to fill out a 1040x instructions If you receive an insurance payment or other reimbursement that is more than your adjusted basis in the destroyed, damaged, or stolen property, you have a gain from the casualty or theft. How to fill out a 1040x instructions You generally report your gain as income in the year you receive the reimbursement. How to fill out a 1040x instructions However, depending on the type of property you receive, you may not have to report your gain. How to fill out a 1040x instructions See Postponing Gain , later. How to fill out a 1040x instructions Your gain is figured as follows: The amount you receive, minus Your adjusted basis in the property at the time of the casualty or theft. How to fill out a 1040x instructions Even if the decrease in FMV of your property is smaller than the adjusted basis of your property, use your adjusted basis to figure the gain. How to fill out a 1040x instructions Amount you receive. How to fill out a 1040x instructions   The amount you receive includes any money plus the value of any property you receive, minus any expenses you have in obtaining reimbursement. How to fill out a 1040x instructions It also includes any reimbursement used to pay off a mortgage or other lien on the damaged, destroyed, or stolen property. How to fill out a 1040x instructions Example. How to fill out a 1040x instructions A tornado severely damaged your barn. How to fill out a 1040x instructions The adjusted basis of the barn was $25,000. How to fill out a 1040x instructions Your insurance company reimbursed you $40,000 for the damaged barn. How to fill out a 1040x instructions However, you had legal expenses of $2,000 to collect that insurance. How to fill out a 1040x instructions Your insurance minus your expenses to collect the insurance is more than your adjusted basis in the barn, so you have a gain. How to fill out a 1040x instructions 1) Insurance reimbursement $40,000 2) Legal expenses 2,000 3) Amount received  (line 1 − line 2) $38,000 4) Adjusted basis 25,000 5) Gain on casualty (line 3 − line 4) $13,000 Other Involuntary Conversions In addition to casualties and thefts, other events cause involuntary conversions of property. How to fill out a 1040x instructions Some of these are discussed in the following paragraphs. How to fill out a 1040x instructions Gain or loss from an involuntary conversion of your property is usually recognized for tax purposes. How to fill out a 1040x instructions You report the gain or deduct the loss on your tax return for the year you realize it. How to fill out a 1040x instructions However, depending on the type of property you receive, you may not have to report your gain on the involuntary conversion. How to fill out a 1040x instructions See Postponing Gain , later. How to fill out a 1040x instructions Condemnation Condemnation is the process by which private property is legally taken for public use without the owner's consent. How to fill out a 1040x instructions The property may be taken by the federal government, a state government, a political subdivision, or a private organization that has the power to legally take property. How to fill out a 1040x instructions The owner receives a condemnation award (money or property) in exchange for the property taken. How to fill out a 1040x instructions A condemnation is a forced sale, the owner being the seller and the condemning authority being the buyer. How to fill out a 1040x instructions Threat of condemnation. How to fill out a 1040x instructions   Treat the sale of your property under threat of condemnation as a condemnation, provided you have reasonable grounds to believe that your property will be condemned. How to fill out a 1040x instructions Main home condemned. How to fill out a 1040x instructions   If you have a gain because your main home is condemned, you generally can exclude the gain from your income as if you had sold or exchanged your home. How to fill out a 1040x instructions For information on this exclusion, see Publication 523. How to fill out a 1040x instructions If your gain is more than the amount you can exclude, but you buy replacement property, you may be able to postpone reporting the excess gain. How to fill out a 1040x instructions See Postponing Gain , later. How to fill out a 1040x instructions (You cannot deduct a loss from the condemnation of your main home. How to fill out a 1040x instructions ) More information. How to fill out a 1040x instructions   For information on how to figure the gain or loss on condemned property, see chapter 1 in Publication 544. How to fill out a 1040x instructions Also see Postponing Gain , later, to find out if you can postpone reporting the gain. How to fill out a 1040x instructions Irrigation Project The sale or other disposition of property located within an irrigation project to conform to the acreage limits of federal reclamation laws is an involuntary conversion. How to fill out a 1040x instructions Livestock Losses Diseased livestock. How to fill out a 1040x instructions   If your livestock die from disease, or are destroyed, sold, or exchanged because of disease, even though the disease is not of epidemic proportions, treat these occurrences as involuntary conversions. How to fill out a 1040x instructions If the livestock were raised or purchased for resale, follow the rules for livestock discussed earlier under Farming Losses . How to fill out a 1040x instructions Otherwise, figure the gain or loss from these conversions using the rules discussed under Determining Gain or Loss in chapter 8. How to fill out a 1040x instructions If you replace the livestock, you may be able to postpone reporting the gain. How to fill out a 1040x instructions See Postponing Gain below. How to fill out a 1040x instructions Reporting dispositions of diseased livestock. How to fill out a 1040x instructions   If you choose to postpone reporting gain on the disposition of diseased livestock, you must attach a statement to your return explaining that the livestock were disposed of because of disease. How to fill out a 1040x instructions You must also include other information on this statement. How to fill out a 1040x instructions See How To Postpone Gain , later, under Postponing Gain . How to fill out a 1040x instructions Weather-related sales of livestock. How to fill out a 1040x instructions   If you sell or exchange livestock (other than poultry) held for draft, breeding, or dairy purposes solely because of drought, flood, or other weather-related conditions, treat the sale or exchange as an involuntary conversion. How to fill out a 1040x instructions Only livestock sold in excess of the number you normally would sell under usual business practice, in the absence of weather-related conditions, are considered involuntary conversions. How to fill out a 1040x instructions Figure the gain or loss using the rules discussed under Determining Gain or Loss in chapter 8. How to fill out a 1040x instructions If you replace the livestock, you may be able to postpone reporting the gain. How to fill out a 1040x instructions See Postponing Gain below. How to fill out a 1040x instructions Example. How to fill out a 1040x instructions It is your usual business practice to sell five of your dairy animals during the year. How to fill out a 1040x instructions This year you sold 20 dairy animals because of drought. How to fill out a 1040x instructions The sale of 15 animals is treated as an involuntary conversion. How to fill out a 1040x instructions    If you do not replace the livestock, you may be able to report the gain in the following year's income. How to fill out a 1040x instructions This rule also applies to other livestock (including poultry). How to fill out a 1040x instructions See Sales Caused by Weather-Related Conditions in chapter 3. How to fill out a 1040x instructions Tree Seedlings If, because of an abnormal drought, the failure of planted tree seedlings is greater than normally anticipated, you may have a deductible loss. How to fill out a 1040x instructions Treat the loss as a loss from an involuntary conversion. How to fill out a 1040x instructions The loss equals the previously capitalized reforestation costs you had to duplicate on replanting. How to fill out a 1040x instructions You deduct the loss on the return for the year the seedlings died. How to fill out a 1040x instructions Postponing Gain Do not report a gain if you receive reimbursement in the form of property similar or related in service or use to the destroyed, stolen, or other involuntarily converted property. How to fill out a 1040x instructions Your basis in the new property is generally the same as your adjusted basis in the property it replaces. How to fill out a 1040x instructions You must ordinarily report the gain on your stolen, destroyed, or other involuntarily converted property if you receive money or unlike property as reimbursement. How to fill out a 1040x instructions However, you can choose to postpone reporting the gain if you purchase replacement property similar or related in service or use to your destroyed, stolen, or other involuntarily converted property within a specific replacement period. How to fill out a 1040x instructions If you have a gain on damaged property, you can postpone reporting the gain if you spend the reimbursement to restore the property. How to fill out a 1040x instructions To postpone reporting all the gain, the cost of your replacement property must be at least as much as the reimbursement you receive. How to fill out a 1040x instructions If the cost of the replacement property is less than the reimbursement, you must include the gain in your income up to the amount of the unspent reimbursement. How to fill out a 1040x instructions Example 1. How to fill out a 1040x instructions In 1985, you constructed a barn to store farm equipment at a cost of $20,000. How to fill out a 1040x instructions In 1987, you added a silo to the barn at a cost of $15,000 to store grain. How to fill out a 1040x instructions In May of this year, the property was worth $100,000. How to fill out a 1040x instructions In June the barn and silo were destroyed by a tornado. How to fill out a 1040x instructions At the time of the tornado, you had an adjusted basis of $0 in the property. How to fill out a 1040x instructions You received $85,000 from the insurance company. How to fill out a 1040x instructions You had a gain of $85,000 ($85,000 – $0). How to fill out a 1040x instructions You spent $80,000 to rebuild the barn and silo. How to fill out a 1040x instructions Since this is less than the insurance proceeds received, you must include $5,000 ($85,000 – $80,000) in your income. How to fill out a 1040x instructions Example 2. How to fill out a 1040x instructions In 1970, you bought a cabin in the mountains for your personal use at a cost of $18,000. How to fill out a 1040x instructions You made no further improvements or additions to it. How to fill out a 1040x instructions When a storm destroyed the cabin this January, the cabin was worth $250,000. How to fill out a 1040x instructions You received $146,000 from the insurance company in March. How to fill out a 1040x instructions You had a gain of $128,000 ($146,000 − $18,000). How to fill out a 1040x instructions You spent $144,000 to rebuild the cabin. How to fill out a 1040x instructions Since this is less than the insurance proceeds received, you must include $2,000 ($146,000 − $144,000) in your income. How to fill out a 1040x instructions Buying replacement property from a related person. How to fill out a 1040x instructions   You cannot postpone reporting a gain from a casualty, theft, or other involuntary conversion if you buy the replacement property from a related person (discussed later). How to fill out a 1040x instructions This rule applies to the following taxpayers. How to fill out a 1040x instructions C corporations. How to fill out a 1040x instructions Partnerships in which more than 50% of the capital or profits interest is owned by C corporations. How to fill out a 1040x instructions Individuals, partnerships (other than those in (2) above), and S corporations if the total realized gain for the tax year on all involuntarily converted properties on which there are realized gains is more than $100,000. How to fill out a 1040x instructions For involuntary conversions described in (3) above, gains cannot be offset by any losses when determining whether the total gain is more than $100,000. How to fill out a 1040x instructions If the property is owned by a partnership, the $100,000 limit applies to the partnership and each partner. How to fill out a 1040x instructions If the property is owned by an S corporation, the $100,000 limit applies to the S corporation and each shareholder. How to fill out a 1040x instructions Exception. How to fill out a 1040x instructions   This rule does not apply if the related person acquired the property from an unrelated person within the period of time allowed for replacing the involuntarily converted property. How to fill out a 1040x instructions Related persons. How to fill out a 1040x instructions   Under this rule, related persons include, for example, a parent and child, a brother and sister, a corporation and an individual who owns more than 50% of its outstanding stock, and two partnerships in which the same C corporations own more than 50% of the capital or profits interests. How to fill out a 1040x instructions For more information on related persons, see Nondeductible Loss under Sales and Exchanges Between Related Persons in chapter 2 of Publication 544. How to fill out a 1040x instructions Death of a taxpayer. How to fill out a 1040x instructions   If a taxpayer dies after having a gain, but before buying replacement property, the gain must be reported for the year in which the decedent realized the gain. How to fill out a 1040x instructions The executor of the estate or the person succeeding to the funds from the involuntary conversion cannot postpone reporting the gain by buying replacement property. How to fill out a 1040x instructions Replacement Property You must buy replacement property for the specific purpose of replacing your property. How to fill out a 1040x instructions Your replacement property must be similar or related in service or use to the property it replaces. How to fill out a 1040x instructions You do not have to use the same funds you receive as reimbursement for your old property to acquire the replacement property. How to fill out a 1040x instructions If you spend the money you receive for other purposes, and borrow money to buy replacement property, you can still choose to postpone reporting the gain if you meet the other requirements. How to fill out a 1040x instructions Property you acquire by gift or inheritance does not qualify as replacement property. How to fill out a 1040x instructions Owner-user. How to fill out a 1040x instructions   If you are an owner-user, similar or related in service or use means that replacement property must function in the same way as the property it replaces. How to fill out a 1040x instructions Examples of property that functions in the same way as the property it replaces are a home that replaces another home, a dairy cow that replaces another dairy cow, and farm land that replaces other farm land. How to fill out a 1040x instructions A grinding mill that replaces a tractor does not qualify. How to fill out a 1040x instructions Neither does a breeding or draft animal that replaces a dairy cow. How to fill out a 1040x instructions Soil or other environmental contamination. How to fill out a 1040x instructions   If, because of soil or other environmental contamination, it is not feasible for you to reinvest your insurance money or other proceeds from destroyed or damaged livestock in property similar or related in service or use to the livestock, you can treat other property (including real property) used for farming purposes, as property similar or related in service or use to the destroyed or damaged livestock. How to fill out a 1040x instructions Weather-related conditions. How to fill out a 1040x instructions   If, because of drought, flood, or other weather-related conditions, it is not feasible for you to reinvest the insurance money or other proceeds in property similar or related in service or use to the livestock, you can treat other property (excluding real property) used for farming purposes, as property similar or related in service or use to the livestock you disposed of. How to fill out a 1040x instructions Example. How to fill out a 1040x instructions Each year you normally sell 25 cows from your beef herd. How to fill out a 1040x instructions However, this year you had to sell 50 cows. How to fill out a 1040x instructions This is because a severe drought significantly reduced the amount of hay and pasture yield needed to feed your herd for the rest of the year. How to fill out a 1040x instructions Because, as a result of the severe drought, it is not feasible for you to use the proceeds from selling the extra cows to buy new cows, you can treat other property (excluding real property) used for farming purposes, as property similar or related in service or use to the cows you sold. How to fill out a 1040x instructions Standing crop destroyed by casualty. How to fill out a 1040x instructions   If a storm or other casualty destroyed your standing crop and you use the insurance money to acquire either another standing crop or a harvested crop, this purchase qualifies as replacement property. How to fill out a 1040x instructions The costs of planting and raising a new crop qualify as replacement costs for the destroyed crop only if you use the crop method of accounting (discussed in chapter 2). How to fill out a 1040x instructions In that case, the costs of bringing the new crop to the same level of maturity as the destroyed crop qualify as replacement costs to the extent they are incurred during the replacement period. How to fill out a 1040x instructions Timber loss. How to fill out a 1040x instructions   Standing timber you bought with the proceeds from the sale of timber downed as a result of a casualty, such as high winds, earthquakes, or volcanic eruptions, qualifies as replacement property. How to fill out a 1040x instructions If you bought the standing timber within the replacement period, you can postpone reporting the gain. How to fill out a 1040x instructions Business or income-producing property located in a federally declared disaster area. How to fill out a 1040x instructions   If your destroyed business or income-producing property was located in a federally declared disaster area, any tangible replacement property you acquire for use in any business is treated as similar or related in service or use to the destroyed property. How to fill out a 1040x instructions For more information, see Disaster Area Losses in Publication 547. How to fill out a 1040x instructions Substituting replacement property. How to fill out a 1040x instructions   Once you have acquired qualified replacement property that you designate as replacement property in a statement attached to your tax return, you cannot substitute other qualified replacement property. How to fill out a 1040x instructions This is true even if you acquire the other property within the replacement period. How to fill out a 1040x instructions However, if you discover that the original replacement property was not qualified replacement property, you can, within the replacement period, substitute the new qualified replacement property. How to fill out a 1040x instructions Basis of replacement property. How to fill out a 1040x instructions   You must reduce the basis of your replacement property (its cost) by the amount of postponed gain. How to fill out a 1040x instructions In this way, tax on the gain is postponed until you dispose of the replacement property. How to fill out a 1040x instructions Replacement Period To postpone reporting your gain, you must buy replacement property within a specified period of time. How to fill out a 1040x instructions This is the replacement period. How to fill out a 1040x instructions The replacement period begins on the date your property was damaged, destroyed, stolen, sold, or exchanged. How to fill out a 1040x instructions The replacement period generally ends 2 years after the close of the first tax year in which you realize any part of your gain from the involuntary conversion. How to fill out a 1040x instructions Example. How to fill out a 1040x instructions You are a calendar year taxpayer. How to fill out a 1040x instructions While you were on vacation, farm equipment that cost $2,200 was stolen from your farm. How to fill out a 1040x instructions You discovered the theft when you returned to your farm on November 11, 2012. How to fill out a 1040x instructions Your insurance company investigated the theft and did not settle your claim until January 5, 2013, when they paid you $3,000. How to fill out a 1040x instructions You first realized a gain from the reimbursement for the theft during 2013, so you have until December 31, 2015, to replace the property. How to fill out a 1040x instructions Main home in disaster area. How to fill out a 1040x instructions   For your main home (or its contents) located in a federally declared disaster area, the replacement period ends 4 years after the close of the first tax year in which you realize any part of your gain from the involuntary conversion. How to fill out a 1040x instructions See Disaster Area Losses , later. How to fill out a 1040x instructions Property in the Midwestern disaster areas. How to fill out a 1040x instructions   For property located in the Midwestern disaster areas (defined in Table 4 in the 2008 Publication 547) that was destroyed, damaged, stolen, or condemned, the replacement period ends 5 years after the close of the first tax year in which any part of your gain is realized. How to fill out a 1040x instructions This 5-year replacement period applies only if substantially all of the use of the replacement property is in the Midwestern disaster areas. How to fill out a 1040x instructions Property in the Kansas disaster area. How to fill out a 1040x instructions   For property located in the Kansas disaster area that was destroyed, damaged, stolen, or condemned after May 3, 2007, as a result of the Kansas storms and tornadoes, the replacement period ends 5 years after the close of the first tax year in which any part of your gain is realized. How to fill out a 1040x instructions This 5-year replacement period applies only if substantially all of the use of the replacement property is in the Kansas disaster area. How to fill out a 1040x instructions Property in the Hurricane Katrina disaster area. How to fill out a 1040x instructions   For property located in the Hurricane Katrina disaster area that was destroyed, damaged, stolen, or condemned after August 24, 2005, as a result of Hurricane Katrina, the replacement period ends 5 years after the close of the first tax year in which any part of your gain is realized. How to fill out a 1040x instructions This 5-year replacement period applies only if substantially all of the use of the replacement property is in the Hurricane Katrina disaster area. How to fill out a 1040x instructions Weather-related sales of livestock in an area eligible for federal assistance. How to fill out a 1040x instructions   For the sale or exchange of livestock due to drought, flood, or other weather-related conditions in an area eligible for federal assistance, the replacement period ends 4 years after the close of the first tax year in which you realize any part of your gain from the sale or exchange. How to fill out a 1040x instructions The IRS may extend the replacement period on a regional basis if the weather-related conditions continue for longer than 3 years. How to fill out a 1040x instructions   For information on extensions of the replacement period because of persistent drought, see Notice 2006-82, 2006-39 I. How to fill out a 1040x instructions R. How to fill out a 1040x instructions B. How to fill out a 1040x instructions 529, available at  www. How to fill out a 1040x instructions irs. How to fill out a 1040x instructions gov/irb/2006-39_IRB/ar11. How to fill out a 1040x instructions html. How to fill out a 1040x instructions For a list of counties for which exceptional, extreme, or severe drought was reported during the 12 months ending August 31, 2013, see Notice 2013-62, available at IRS. How to fill out a 1040x instructions gov. How to fill out a 1040x instructions Condemnation. How to fill out a 1040x instructions   The replacement period for a condemnation begins on the earlier of the following dates. How to fill out a 1040x instructions The date on which you disposed of the condemned property. How to fill out a 1040x instructions The date on which the threat of condemnation began. How to fill out a 1040x instructions The replacement period generally ends 2 years after the close of the first tax year in which any part of the gain on the condemnation is realized. How to fill out a 1040x instructions But see Main home in disaster area , Property in the Midwestern disaster areas , Property in the Kansas disaster area , and Property in the Hurricane Katrina disaster area , earlier, for exceptions. How to fill out a 1040x instructions Business or investment real property. How to fill out a 1040x instructions   If real property held for use in a trade or business or for investment (not including property held primarily for sale) is condemned, the replacement period ends 3 years after the close of the first tax year in which any part of the gain on the condemnation is realized. How to fill out a 1040x instructions Extension. How to fill out a 1040x instructions   You can apply for an extension of the replacement period. How to fill out a 1040x instructions Send your written application to the Internal Revenue Service Center where you file your tax return. How to fill out a 1040x instructions See your tax return instructions for the address. How to fill out a 1040x instructions Include all the details about your need for an extension. How to fill out a 1040x instructions Make your application before the end of the replacement period. How to fill out a 1040x instructions However, you can file an application within a reasonable time after the replacement period ends if you can show a good reason for the delay. How to fill out a 1040x instructions You will get an extension of the replacement period if you can show reasonable cause for not making the replacement within the regular period. How to fill out a 1040x instructions How To Postpone Gain You postpone reporting your gain by reporting your choice on your tax return for the year you have the gain. How to fill out a 1040x instructions You have the gain in the year you receive insurance proceeds or other reimbursements that result in a gain. How to fill out a 1040x instructions Required statement. How to fill out a 1040x instructions   You should attach a statement to your return for the year you have the gain. How to fill out a 1040x instructions This statement should include all the following information. How to fill out a 1040x instructions The date and details of the casualty, theft, or other involuntary conversion. How to fill out a 1040x instructions The insurance or other reimbursement you received. How to fill out a 1040x instructions How you figured the gain. How to fill out a 1040x instructions Replacement property acquired before return filed. How to fill out a 1040x instructions   If you acquire replacement property before you file your return for the year you have the gain, your statement should also include detailed information about all the following items. How to fill out a 1040x instructions The replacement property. How to fill out a 1040x instructions The postponed gain. How to fill out a 1040x instructions The basis adjustment that reflects the postponed gain. How to fill out a 1040x instructions Any gain you are reporting as income. How to fill out a 1040x instructions Replacement property acquired after return filed. How to fill out a 1040x instructions   If you intend to buy replacement property after you file your return for the year you realize gain, your statement should also say that you are choosing to replace the property within the required replacement period. How to fill out a 1040x instructions   You should then attach another statement to your return for the year in which you buy the replacement property. How to fill out a 1040x instructions This statement should contain detailed information on the replacement property. How to fill out a 1040x instructions If you acquire part of your replacement property in one year and part in another year, you must attach a statement to each year's return. How to fill out a 1040x instructions Include in the statement detailed information on the replacement property bought in that year. How to fill out a 1040x instructions Reporting weather-related sales of livestock. How to fill out a 1040x instructions   If you choose to postpone reporting the gain on weather-related sales or exchanges of livestock, show all the following information on a statement attached to your return for the tax year in which you first realize any of the gain. How to fill out a 1040x instructions Evidence of the weather-related conditions that forced the sale or exchange of the livestock. How to fill out a 1040x instructions The gain realized on the sale or exchange. How to fill out a 1040x instructions The number and kind of livestock sold or exchanged. How to fill out a 1040x instructions The number of livestock of each kind you would have sold or exchanged under your usual business practice. How to fill out a 1040x instructions   Show all the following information and the preceding information on the return for the year in which you replace the livestock. How to fill out a 1040x instructions The dates you bought the replacement property. How to fill out a 1040x instructions The cost of the replacement property. How to fill out a 1040x instructions Description of the replacement property (for example, the number and kind of the replacement livestock). How to fill out a 1040x instructions Amended return. How to fill out a 1040x instructions   You must file an amended return (Form 1040X) for the tax year of the gain in either of the following situations. How to fill out a 1040x instructions You do not acquire replacement property within the replacement period, plus extensions. How to fill out a 1040x instructions On this amended return, you must report the gain and pay any additional tax due. How to fill out a 1040x instructions You acquire replacement property within the required replacement period, plus extensions, but at a cost less than the amount you receive from the casualty, theft, or other involuntary conversion. How to fill out a 1040x instructions On this amended return, you must report the part of the gain that cannot be postponed and pay any additional tax due. How to fill out a 1040x instructions Disaster Area Losses Special rules apply to federally declared disaster area losses. How to fill out a 1040x instructions A federally declared disaster is a disaster that occurred in an area declared by the President to be eligible for federal assistance under the Robert T. How to fill out a 1040x instructions Stafford Disaster Relief and Emergency Assistance Act. How to fill out a 1040x instructions It includes a major disaster or emergency declaration under the act. How to fill out a 1040x instructions A list of the areas warranting public or individual assistance (or both) under the Act is available at the Federal Emergency Management Agency (FEMA) web site at www. How to fill out a 1040x instructions fema. How to fill out a 1040x instructions gov. How to fill out a 1040x instructions This part discusses the special rules for when to deduct a disaster area loss and what tax deadlines may be postponed. How to fill out a 1040x instructions For other special rules, see Disaster Area Losses in Publication 547. How to fill out a 1040x instructions When to deduct the loss. How to fill out a 1040x instructions   You generally must deduct a casualty loss in the year it occurred. How to fill out a 1040x instructions However, if you have a deductible loss from a disaster that occurred in an area warranting public or individual assistance (or both), you can choose to deduct that loss on your return or amended return for the tax year immediately preceding the tax year in which the disaster happened. How to fill out a 1040x instructions If you make this choice, the loss is treated as having occurred in the preceding year. How to fill out a 1040x instructions    Claiming a qualifying disaster loss on the previous year's return may result in a lower tax for that year, often producing or increasing a cash refund. How to fill out a 1040x instructions   You must make the choice to take your casualty loss for the disaster in the preceding year by the later of the following dates. How to fill out a 1040x instructions The due date (without extensions) for filing your tax return for the tax year in which the disaster actually occurred. How to fill out a 1040x instructions The due date (with extensions) for the return for the preceding tax year. How to fill out a 1040x instructions Federal disaster relief grants. How to fill out a 1040x instructions   Do not include post-disaster relief grants received under the Robert T. How to fill out a 1040x instructions Stafford Disaster Relief and Emergency Assistance Act in your income if the grant payments are made to help you meet necessary expenses or serious needs for medical, dental, housing, personal property, transportation, or funeral expenses. How to fill out a 1040x instructions Do not deduct casualty losses or medical expenses to the extent they are specifically reimbursed by these disaster relief grants. How to fill out a 1040x instructions If the casualty loss was specifically reimbursed by the grant and you received the grant after the year in which you deducted the casualty loss, see Reimbursement received after deducting loss , earlier. How to fill out a 1040x instructions Unemployment assistance payments under the Act are taxable unemployment compensation. How to fill out a 1040x instructions Qualified disaster relief payments. How to fill out a 1040x instructions   Qualified disaster relief payments are not included in the income of individuals to the extent any expenses compensated by these payments are not otherwise compensated for by insurance or other reimbursement. How to fill out a 1040x instructions These payments are not subject to income tax, self-employment tax, or employment taxes (social security, Medicare, and federal unemployment taxes). How to fill out a 1040x instructions No withholding applies to these payments. How to fill out a 1040x instructions   Qualified disaster relief payments include payments you receive (regardless of the source) for the following expenses. How to fill out a 1040x instructions Reasonable and necessary personal, family, living, or funeral expenses incurred as a result of a federally declared disaster. How to fill out a 1040x instructions Reasonable and necessary expenses incurred for the repair or rehabilitation of a personal residence due to a federally declared disaster. How to fill out a 1040x instructions (A personal residence can be a rented residence or one you own. How to fill out a 1040x instructions ) Reasonable and necessary expenses incurred for the repair or replacement of the contents of a personal residence due to a federally declared disaster. How to fill out a 1040x instructions   Qualified disaster relief payments include amounts paid by a federal, state, or local government in connection with a federally declared disaster to individuals affected by the disaster. How to fill out a 1040x instructions    Qualified disaster relief payments do not include: Payments for expenses otherwise paid for by insurance or other reimbursements, or Income replacement payments, such as payments of lost wages, lost business income, or unemployment compensation. How to fill out a 1040x instructions Qualified disaster mitigation payments. How to fill out a 1040x instructions   Qualified disaster mitigation payments made under the Robert T. How to fill out a 1040x instructions Stafford Disaster Relief and Emergency Assistance Act or the National Flood Insurance Act (as in effect on April 15, 2005) are not included in income. How to fill out a 1040x instructions These are payments you, as a property owner, receive to reduce the risk of future damage to your property. How to fill out a 1040x instructions You cannot increase your basis in property, or take a deduction or credit, for expenditures made with respect to those payments. How to fill out a 1040x instructions Sale of property under hazard mitigation program. How to fill out a 1040x instructions   Generally, if you sell or otherwise transfer property, you must recognize any gain or loss for tax purposes unless the property is your main home. How to fill out a 1040x instructions You report the gain or deduct the loss on your tax return for the year you realize it. How to fill out a 1040x instructions (You cannot deduct a loss on personal-use property unless the loss resulted from a casualty, as discussed earlier. How to fill out a 1040x instructions ) However, if you sell or otherwise transfer property to the Federal Government, a state or local government, or an Indian tribal government under a hazard mitigation program, you can choose to postpone reporting the gain if you buy qualifying replacement property within a certain period of time. How to fill out a 1040x instructions See Postponing Gain , earlier, for the rules that apply. How to fill out a 1040x instructions Other federal assistance programs. How to fill out a 1040x instructions    For more information about other federal assistance programs, see Crop Insurance and Crop Disaster Payments and Feed Assistance and Payments in chapter 3 earlier. How to fill out a 1040x instructions Postponed tax deadlines. How to fill out a 1040x instructions   The IRS may postpone for up to 1 year certain tax deadlines of taxpayers who are affected by a federally declared disaster. How to fill out a 1040x instructions The tax deadlines the IRS may postpone include those for filing income, excise, and employment tax returns, paying income, excise, and employment taxes, and making contributions to a traditional IRA or Roth IRA. How to fill out a 1040x instructions   If any tax deadline is postponed, the IRS will publicize the postponement in your area and publish a news release, revenue ruling, revenue procedure, notice, announcement, or other guidance in the Internal Revenue Bulletin (IRB). How to fill out a 1040x instructions Go to http://www. How to fill out a 1040x instructions irs. How to fill out a 1040x instructions gov/uac/Tax-Relief-in-Disaster-Situations to find out if a tax deadline has been postponed for your area. How to fill out a 1040x instructions Who is eligible. How to fill out a 1040x instructions   If the IRS postpones a tax deadline, the following taxpayers are eligible for the postponement. How to fill out a 1040x instructions Any individual whose main home is located in a covered disaster area (defined next). How to fill out a 1040x instructions Any business entity or sole proprietor whose principal place of business is located in a covered disaster area. How to fill out a 1040x instructions Any individual who is a relief worker affiliated with a recognized government or philanthropic organization and who is assisting in a covered disaster area. How to fill out a 1040x instructions Any individual, business entity, or sole proprietorship whose records are needed to meet a postponed tax deadline, provided those records are maintained in a covered disaster area. How to fill out a 1040x instructions The main home or principal place of business does not have to be located in the covered disaster area. How to fill out a 1040x instructions Any estate or trust that has tax records necessary to meet a postponed tax deadline, provided those records are maintained in a covered disaster area. How to fill out a 1040x instructions The spouse on a joint return with a taxpayer who is eligible for postponements. How to fill out a 1040x instructions Any individual, business entity, or sole proprietorship not located in a covered disaster area, but whose necessary records to meet a postponed tax deadline are located in the covered disaster area. How to fill out a 1040x instructions Any individual visiting the covered disaster area who was killed or injured as a result of the disaster. How to fill out a 1040x instructions Any other person determined by the IRS to be affected by a federally declared disaster. How to fill out a 1040x instructions Covered disaster area. How to fill out a 1040x instructions   This is an area of a federally declared disaster area in which the IRS has decided to postpone tax deadlines for up to 1 year. How to fill out a 1040x instructions Abatement of interest and penalties. How to fill out a 1040x instructions   The IRS may abate the interest and penalties on the underpaid income tax for the length of any postponement of tax deadlines. How to fill out a 1040x instructions Reporting Gains and Losses You will have to file one or more of the following forms to report your gains or losses from involuntary conversions. How to fill out a 1040x instructions Form 4684. How to fill out a 1040x instructions   Use this form to report your gains and losses from casualties and thefts. How to fill out a 1040x instructions Form 4797. How to fill out a 1040x instructions   Use this form to report involuntary conversions (other than from casualty or theft) of property used in your trade or business and capital assets held in connection with a trade or business or a transaction entered into for profit. How to fill out a 1040x instructions Also use this form if you have a gain from a casualty or theft on trade, business or income-producing property held for more than 1 year and you have to recapture some or all of your gain as ordinary income. How to fill out a 1040x instructions Form 8949. How to fill out a 1040x instructions   Use this form to report gain from an involuntary conversion (other than from casualty or theft) of personal-use property. How to fill out a 1040x instructions Schedule A (Form 1040). How to fill out a 1040x instructions   Use this form to deduct your losses from casualties and thefts of personal-use property and income-producing property, that you reported on Form 4684. How to fill out a 1040x instructions Schedule D (Form 1040). How to fill out a 1040x instructions   Use this form to carry over the following gains. How to fill out a 1040x instructions Net gain shown on Form 4797 from an involuntary conversion of business property held for more than 1 year. How to fill out a 1040x instructions Net gain shown on Form 4684 from the casualty or theft of personal-use property. How to fill out a 1040x instructions    Also use this form to figure the overall gain or loss from transactions reported on Form 8949. How to fill out a 1040x instructions Schedule F (Form 1040). How to fill out a 1040x instructions   Use this form to deduct your losses from casualty or theft of livestock or produce bought for sale under Other expenses in Part II, line 32, if you use the cash method of accounting and have not otherwise deducted these losses. How to fill out a 1040x instructions Prev  Up  Next   Home   More Online Publications