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State Return Tax Form 2013

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State Return Tax Form 2013

State return tax form 2013 5. State return tax form 2013   Salarios, Sueldos y Otros Ingresos Table of Contents Recordatorio Introduction Useful Items - You may want to see: Remuneración del EmpleadoNiñeras. State return tax form 2013 Otras Clases de Remuneración Beneficios Marginales Aportaciones a un Plan de Jubilación Opciones de Compra de Acciones Bienes Restringidos Reglas Especiales para Algunos EmpleadosClero Miembros de Órdenes Religiosas Empleador Extranjero Fuerzas Armadas Voluntarios Beneficios por Enfermedad y LesionesPensiones por Incapacidad Contratos de Seguro de Cuidados a Largo Plazo Compensación del Seguro Obrero Otros Beneficios por Enfermedad y Lesiones Recordatorio Ingresos de fuentes en el extranjero. State return tax form 2013   Si usted es ciudadano de los Estados Unidos o residente extranjero, tiene que declarar en la declaración de impuestos todo ingreso proveniente de fuentes fuera de los Estados Unidos (ingresos del extranjero) a menos que esté exento conforme a las leyes de los Estados Unidos. State return tax form 2013 Esto corresponde independientemente de si reside dentro o fuera de los Estados Unidos y si ha recibido o no el Formulario W-2, Wage and Tax Statement (Comprobante de salarios e impuestos), en inglés, o el Formulario 1099, también en inglés, de un pagador extranjero. State return tax form 2013 Esto corresponde tanto a ingresos derivados del trabajo (como salarios y propinas) como a ingresos no derivados del trabajo (como intereses, dividendos, ganancias de capital, pensiones, alquileres y regalías). State return tax form 2013 Si reside fuera de los Estados Unidos, es posible que pueda excluir la totalidad o parte de sus ingresos del trabajo provenientes de fuentes extranjeras. State return tax form 2013 Para más información, vea la Publicación 54, Tax Guide for U. State return tax form 2013 S. State return tax form 2013 Citizens and Resident Aliens Abroad (Guía tributaria para ciudadanos y extranjeros residentes de los Estados Unidos que viven en el extranjero), en inglés. State return tax form 2013 Introduction Este capítulo abarca la compensación recibida por servicios prestados como empleado, tales como sueldos, salarios y beneficios marginales. State return tax form 2013 Se incluyen los siguientes temas: Bonificaciones y premios. State return tax form 2013 Reglas especiales para ciertos empleados. State return tax form 2013 Beneficios por enfermedad y lesiones. State return tax form 2013 Este capítulo explica cuáles son los ingresos que se incluyen en los ingresos brutos del empleado y cuáles no se incluyen. State return tax form 2013 Useful Items - You may want to see: Publicación 463 Travel, Entertainment, Gift, and Car Expenses (Gastos de viaje, entretenimiento, obsequios y automóvil), en inglés 525 Taxable and Nontaxable Income (Ingresos tributables y no tributables), en inglés Remuneración del Empleado Esta sección abarca varios tipos de remuneración del empleado incluyendo beneficios marginales, aportaciones a planes de jubilación, opciones para la compra de acciones y propiedad restringida. State return tax form 2013 Formulario W-2. State return tax form 2013    Si es empleado, debe recibir un Formulario W-2 de su empleador que muestre la remuneración que recibió por sus servicios. State return tax form 2013 Incluya la cantidad de la remuneración en la línea 7 del Formulario 1040 o del Formulario 1040A o en la línea 1 del Formulario 1040EZ, aún si no recibe un Formulario W-2. State return tax form 2013   Si prestó servicios, en otra calidad que no sea la de contratista independiente, y su empleador no le retuvo del sueldo impuestos del Seguro Social y Medicare, tiene que presentar el Formulario 8919, Uncollected Social Security and Medicare Tax on Wages (Impuestos del Seguro Social y Medicare sobre el salario no retenidos), en inglés, junto con el Formulario 1040. State return tax form 2013 Dicha parte del salario tiene que anotarse en la línea 7 del Formulario 1040. State return tax form 2013 Vea el Formulario 8919 para más información. State return tax form 2013 Proveedores de cuidado de menores. State return tax form 2013    Si provee cuidado de menores, ya sea en el hogar del menor, en el hogar de usted o en algún otro sitio comercial, la remuneración que usted reciba tiene que ser incluida en sus ingresos. State return tax form 2013 Si no es un empleado, usted probablemente trabaje por cuenta propia y tiene que incluir los pagos por los servicios en el Anexo C (Formulario 1040), Profit or Loss From Business (Ganancias o pérdidas de un negocio), o en el Anexo C-EZ (Formulario 1040), Net Profit From Business (Utilidad neta de un negocio), ambos en inglés. State return tax form 2013 Generalmente, no es empleado a menos que esté sujeto a la voluntad y control de la persona que lo emplea en cuanto a lo que tiene que hacer y cómo lo tiene que hacer. State return tax form 2013 Niñeras. State return tax form 2013   Si cuida a niños de parientes o vecinos, ya sea con regularidad o sólo ocasionalmente, las reglas para los proveedores del cuidado de menores le corresponden a usted. State return tax form 2013 Otras Clases de Remuneración Esta sección trata de diferentes clases de remuneración del empleado. State return tax form 2013 Comisiones pagadas por adelantado y otros ingresos. State return tax form 2013   Si recibe comisiones pagadas por adelantado u otras cantidades por servicios que prestará en el futuro y usted es contribuyente que usa el método contable a base de efectivo, tendrá que incluir estas cantidades en el ingreso del año en que las reciba. State return tax form 2013    Si reintegra comisiones no devengadas u otras cantidades en el mismo año en que las recibe, reste el reintegro de sus ingresos. State return tax form 2013 Si las reintegra en un año tributario posterior, puede deducir el reintegro como una deducción detallada en el Anexo A (Formulario 1040) o quizás pueda reclamar un crédito para ese año. State return tax form 2013 Vea Reintegros en el capítulo 12. State return tax form 2013 Asignaciones y reembolsos. State return tax form 2013    Si recibe asignaciones o reembolsos de su empleador para cubrir gastos de viaje, transporte u otros gastos relacionados con un negocio, vea la Publicación 463, en inglés. State return tax form 2013 Si se le reembolsan gastos de mudanza, vea la Publicación 521, Moving Expenses (Gastos de mudanza), en inglés. State return tax form 2013 Pago de sueldo atrasado como indemnización. State return tax form 2013    Incluya en sus ingresos las cantidades que se le otorguen en un convenio o sentencia para pagar sueldos atrasados. State return tax form 2013 Estas cantidades incluyen pagos hechos a usted por daños, primas de seguro de vida no pagadas y primas de seguro de salud no pagadas. State return tax form 2013 Su empleador debe informarle de las mismas en el Formulario W-2. State return tax form 2013 Bonificaciones y premios. State return tax form 2013   Las bonificaciones o premios que usted reciba por trabajo sobresaliente se incluyen en los ingresos y deben aparecer en su Formulario W-2. State return tax form 2013 Éstos incluyen premios como viajes de vacaciones por alcanzar objetivos de ventas. State return tax form 2013 Si el premio o recompensa que recibe es en mercancía o servicios, tiene que incluir en sus ingresos el valor justo de mercado de los mismos. State return tax form 2013 Sin embargo, si su empleador solamente promete pagarle una bonificación o premio en el futuro, no es tributable hasta que usted lo reciba o esté a su disposición. State return tax form 2013 Premio por logros del empleado. State return tax form 2013   Si recibe bienes muebles tangibles (que no sean efectivo, un certificado de regalo u otro artículo similar) como premio por años de servicio o por prácticas óptimas de seguridad, por lo general podrá excluir el valor de sus ingresos. State return tax form 2013 Sin embargo, la cantidad que puede excluir se limita a la cantidad del costo para su empleador y no puede ser más de $1,600 ($400 por premios que no sean premios de planes calificados) por todos los premios de esa índole que reciba durante el año. State return tax form 2013 Su empleador le puede decir si su premio pertenece a un plan calificado. State return tax form 2013 Su empleador tiene que entregarle el premio como parte de una ceremonia o presentación notable, bajo condiciones y circunstancias en las cuales no hay una probabilidad considerable de que el mismo sea una remuneración disimulada. State return tax form 2013   No obstante, la exclusión no corresponde a los siguientes premios: Un premio por años de servicio si usted lo recibió por menos de cinco años de servicio o si recibió otro premio por años de servicio durante el año o durante los cuatro años anteriores. State return tax form 2013 Un premio por prácticas óptimas de seguridad si es gerente, administrador, empleado oficinista u otro empleado profesional, o si más del 10% de los empleados que reúnen los requisitos recibieron premios anteriormente por prácticas óptimas de seguridad durante el año. State return tax form 2013 Ejemplo. State return tax form 2013 Benito Valverde recibió tres premios por logros como empleado durante el año: un premio de un plan no calificado que fue un reloj con un valor de $250 y dos premios de un plan calificado que constan de un aparato estereofónico con un valor de $1,000 y un juego de palos de golf con un valor de $500. State return tax form 2013 Suponiendo que, por lo demás, los requisitos para los premios de planes calificados se han cumplido, cada premio por sí solo estaría excluido de los ingresos. State return tax form 2013 Sin embargo, ya que el valor total de todos los premios es $1,750 y excede de $1,600, Benito tiene que incluir $150 ($1,750 – $1,600) en los ingresos. State return tax form 2013 Pagos de salarios diferenciales. State return tax form 2013   Los pagos de salarios diferenciales se definen como cualquier pago que le haya hecho un empleador y que corresponda a cualquier período de más de 30 días durante el cual preste servicio activo como miembro de los servicios uniformados. State return tax form 2013 Dichos pagos representan la totalidad, o una parte de, los salarios que hubiera recibido del empleador durante ese período. State return tax form 2013 Se considera que estos pagos son sueldos y están sujetos a la retención del ingreso federal sobre los ingresos. State return tax form 2013 Sin embargo, no están sujetos a los impuestos de la Ley de Contribución al Seguro Social (FICA, por sus siglas en inglés) ni a los impuestos de la Ley Federal de Contribución para el Desempleo (FUTA, por sus siglas en inglés). State return tax form 2013 Los pagos de salarios diferenciales se declaran como salarios en el Formulario W-2. State return tax form 2013 Asignaciones del gobierno por costo de vida. State return tax form 2013   La mayoría de los pagos que los empleados civiles del gobierno de los Estados Unidos reciben por trabajo en el extranjero es tributable. State return tax form 2013 Sin embargo, ciertas asignaciones por costo de vida son libres de impuestos. State return tax form 2013 La Publicación 516, U. State return tax form 2013 S. State return tax form 2013 Government Civilian Employees Stationed Abroad (Empleados civiles del gobierno de los Estados Unidos con puesto en el extranjero), en inglés, provee una explicación sobre el trato tributario de dichas asignaciones, pagos diferenciales y otra paga especial que usted recibe por trabajar en el extranjero. State return tax form 2013 Planes de compensación diferida no calificados. State return tax form 2013   Su empleador le informará del total de cantidades diferidas para el año conforme a un plan de compensación diferida no calificado. State return tax form 2013 Esta cantidad aparece en el recuadro 12 del Formulario W-2, con el código Y. State return tax form 2013 Esta cantidad no se incluye en los ingresos. State return tax form 2013   Sin embargo, si en algún momento del año tributario, el plan no cumple ciertos requisitos, o no se opera conforme a dichos requisitos, todas las cantidades diferidas conforme al plan para ese año tributario y todos los años tributarios anteriores se incluyen en los ingresos del año en curso. State return tax form 2013 Esta cantidad se incluye en el salario, el cual aparece en el recuadro 1 del Formulario W-2. State return tax form 2013 Dicha cantidad se anota también en el recuadro 12 del Formulario W-2, con el código Z. State return tax form 2013 Pagaré recibido por servicios. State return tax form 2013    Si su empleador le da un pagaré garantizado como pago por sus servicios, tendrá que incluir el valor justo de mercado (usualmente el valor de descuento) del pagaré en los ingresos del año en que lo recibió. State return tax form 2013 Luego, cuando reciba pagos sobre el pagaré, una proporción de cada pago es la recuperación del valor justo de mercado que usted previamente había incluido en los ingresos. State return tax form 2013 No vuelva a incluir esa parte en los ingresos. State return tax form 2013 Incluya el resto del pago en los ingresos del año en que recibió el pago. State return tax form 2013   Si su empleador le da un pagaré no garantizado y no negociable como pago por sus servicios, los pagos sobre el pagaré que se aplican al capital del mismo se consideran ingresos de remuneración cuando usted los recibe. State return tax form 2013 Indemnización por despido. State return tax form 2013   Los pagos recibidos por concepto de indemnización por despido y cancelación de contrato laboral tienen que ser incluidos en los ingresos. State return tax form 2013 Pago por vacaciones acumuladas. State return tax form 2013    Si es empleado federal y recibe un pago global en concepto de vacaciones acumuladas al jubilarse o renunciar, esta cantidad se incluye como salario en el Formulario W-2. State return tax form 2013   Si renuncia de una agencia federal y es empleado por otra, podría tener que devolver a la segunda agencia parte del pago global por vacaciones anuales acumuladas. State return tax form 2013 Puede reducir el salario bruto restando la cantidad que devolvió en el mismo año tributario en que la recibió. State return tax form 2013 Adjunte a la declaración de impuestos una copia del recibo o estado de cuentas que le dio la agencia a la cual le devolvió dicho pago para explicar la diferencia entre el salario en la declaración y el salario en los Formularios W-2. State return tax form 2013 Servicios de ayuda para obtener otro trabajo. State return tax form 2013   Si elige aceptar una cantidad reducida en concepto de indemnización por despido para recibir servicios de ayuda para encontrar otro trabajo (como capacitación para escribir su hoja de vida y hacer entrevistas), tendrá que incluir la cantidad no reducida de la indemnización en los ingresos. State return tax form 2013    No obstante, puede deducir el valor de estos servicios de ayuda para encontrar otro trabajo (hasta la diferencia entre la indemnización por despido incluida en los ingresos y la cantidad que en verdad recibió) como una deducción miscelánea (sujeta al límite del 2% del ingreso bruto ajustado o AGI, por sus siglas en inglés) en el Anexo A (Formulario 1040). State return tax form 2013 Pagos por enfermedad. State return tax form 2013   Los pagos que reciba de su empleador mientras esté enfermo o lesionado son parte del sueldo o salario. State return tax form 2013 Además, tiene que incluir en los ingresos los beneficios por enfermedad que reciba de cualquiera de los siguientes pagadores: Un fondo de bienestar social. State return tax form 2013 Un fondo estatal para enfermedad o incapacidad. State return tax form 2013 Una asociación de empleadores o empleados. State return tax form 2013 Una compañía de seguros, si su empleador pagó el plan. State return tax form 2013 No obstante, si pagó las primas de una póliza de accidente o de seguro de salud, las prestaciones que reciba conforme a la póliza no están sujetas a impuestos. State return tax form 2013 Para más información, vea la Publicación 525, en inglés. State return tax form 2013 Impuestos del Seguro Social y Medicare pagados por el empleador. State return tax form 2013   Si usted y su empleador tienen un acuerdo conforme al cual su empleador paga su impuesto del Seguro Social y Medicare sin deducirlos de su salario bruto, tendrá que declarar la cantidad de impuestos que se pagó por usted como salario sujeto a impuestos en la declaración. State return tax form 2013 El pago también se considera salario para calcular los impuestos y beneficios del Seguro Social y Medicare. State return tax form 2013 No obstante, estos pagos no se consideran salario del Seguro Social y Medicare si usted es trabajador doméstico o trabajador agrícola. State return tax form 2013 Derechos de revalorización de acciones. State return tax form 2013   No incluya un derecho de revalorización de acciones que le haya provisto su empleador en los ingresos hasta que ejerza (haga uso de) ese derecho. State return tax form 2013 Cuando ejerza ese derecho, tiene derecho a un pago en efectivo equivalente al valor justo de mercado de las acciones de la sociedad anónima en la fecha en que ejerció su derecho menos el valor justo de mercado de las acciones en la fecha en que se le otorgó el derecho. State return tax form 2013 Incluya el pago en efectivo en los ingresos del año en que ejerza su derecho. State return tax form 2013 Beneficios Marginales Los beneficios marginales que reciba relacionados con el desempeño de sus servicios se incluyen en los ingresos como remuneración a menos que pague su valor justo de mercado o estén específicamente excluidos por ley. State return tax form 2013 Abstenerse de prestar servicios (por ejemplo, conforme a un convenio de no competencia) se considera desempeño de sus servicios para los propósitos de estas reglas. State return tax form 2013 Período contable. State return tax form 2013   Tiene que usar el mismo período contable que su empleador para declarar los beneficios marginales sujetos a impuestos que no sean en efectivo. State return tax form 2013 Su empleador tiene la opción de declarar los beneficios marginales sujetos a impuestos que no sean en efectivo usando cualquiera de las dos reglas siguientes: Regla general: los beneficios se declaran para un año natural (1 de enero – 31 de diciembre). State return tax form 2013 Regla especial del período contable: los beneficios provistos durante los 2 últimos meses del año natural (o de cualquier período más corto) son tratados como si hubiesen sido pagados durante el siguiente año natural. State return tax form 2013 Por ejemplo, cada año su empleador declara el valor de los beneficios provistos durante los últimos 2 meses del año anterior y los primeros 10 meses del año en curso. State return tax form 2013  Su empleador no tiene que usar el mismo período contable para cada beneficio marginal, pero tiene que usar el mismo período para todos los empleados que reciban un beneficio particular. State return tax form 2013   Si desea declarar una deducción por gastos de negocio como empleado (en el caso del uso de un auto, por ejemplo), tiene que usar el mismo período contable que use para declarar el beneficio. State return tax form 2013 Formulario W-2. State return tax form 2013   Su empleador tiene que incluir todos los beneficios marginales en la casilla 1 del Formulario W-2 como salarios, propinas y otra remuneración; y si corresponde, en las casillas 3 y 5 como salarios sujetos a los impuestos al Seguro Social y al Medicare. State return tax form 2013 Aunque no se requiere, su empleador podría incluir el valor total de los beneficios marginales en la casilla 14 (o en un estado por separado). State return tax form 2013 Sin embargo, si su empleador le proveyó a usted un vehículo e incluyó el 100% de su valor de alquiler anual en los ingresos de usted, dicho empleador tiene que declararle este valor a usted por separado en la casilla 14 (o en un estado por separado). State return tax form 2013 Plan de Accidente o de Salud Generalmente, el valor de la cobertura de un seguro de accidente o de salud provisto por su empleador no se incluye en los ingresos. State return tax form 2013 Los beneficios que reciba del plan pueden estar sujetos a impuestos, como se explica más adelante en la sección titulada Beneficios por Enfermedad y Lesiones . State return tax form 2013 Para más información sobre los asuntos tratados en esta sección, salvo la cobertura para cuidados a largo plazo, vea la Publicación 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. State return tax form 2013 Cobertura para cuidados a largo plazo. State return tax form 2013    Las aportaciones de su empleador para cubrir servicios de cuidados a largo plazo generalmente no se incluyen en los ingresos. State return tax form 2013 Sin embargo, las aportaciones hechas a una cuenta flexible de gastos médicos u otro plan similar (como un cafeteria plan (plan flexible de beneficios)) tienen que incluirse en los ingresos. State return tax form 2013 Esta cantidad se informa como salario en el recuadro 1 del Formulario W-2. State return tax form 2013   Las aportaciones a este tipo de plan se explican en la Publicación 502, Medical and Dental Expenses (Gastos médicos y dentales), en inglés. State return tax form 2013 Aportaciones a una cuenta de ahorros médicos Archer (conocida como Archer MSA, en inglés). State return tax form 2013    Las aportaciones hechas por su empleador a una cuenta de ahorros médicos Archer por lo general no se incluyen en los ingresos. State return tax form 2013 El total se declara en el recuadro 12 del Formulario W-2 con el código R. State return tax form 2013 Tiene que declarar esta cantidad en el Formulario 8853, Archer MSAs and Long-Term Care Insurance Contracts (Cuentas Archer MSA de ahorros médicos y contratos de seguros de cuidado a largo plazo), en inglés. State return tax form 2013 Adjunte el formulario a la declaración de impuestos. State return tax form 2013 Cuenta flexible de ahorros para gastos médicos (conocida como Health FSA, en inglés). State return tax form 2013   Si su empleador provee una cuenta flexible de ahorros para gastos médicos que reúna los requisitos como seguro de accidente o de salud, la cantidad de la reducción de su salario y los reembolsos de sus gastos por cuidados médicos generalmente no se incluyen en los ingresos. State return tax form 2013 Nota: Para los años de planes que comienzan después de 2012, las cuentas flexibles de ahorros están sujetas a un límite de $2,500 de aportaciones realizadas por medio de reducción en su salario. State return tax form 2013 Este límite de $2,500 está sujeto a ajuste por inflación para los años de planes que comienzan después de 2013. State return tax form 2013 Si desea más información, vea el Notice 2012-40 (Aviso 2012-40), que se encuentra en la página 1046 del Internal Revenue Bulletin 2012-26 (Boletín de Impuestos Internos 2012-26), disponible en inglés, en www. State return tax form 2013 irs. State return tax form 2013 gov/irb/2012-26_IRB/ar09. State return tax form 2013 html. State return tax form 2013 Cuenta de reembolso de gastos médicos (HRA, por sus siglas en inglés). State return tax form 2013   Si su empleador provee una cuenta de reembolso de gastos médicos (HRA) que reúna los requisitos como un seguro de accidente o de salud, la cobertura y reembolsos de sus gastos por cuidados médicos por lo general no se incluyen en los ingresos. State return tax form 2013 Cuenta de ahorros para gastos médicos (HSA, por sus siglas en inglés). State return tax form 2013   Si reúne los requisitos, usted y cualquier otra persona, incluyendo su empleador o un miembro de su familia, pueden hacer aportaciones a la cuenta HSA (de usted). State return tax form 2013 Las aportaciones, excepto las del empleador, se pueden deducir en la declaración independientemente de si detalla o no las deducciones. State return tax form 2013 Las aportaciones hechas por su empleador no se incluyen en los ingresos. State return tax form 2013 El dinero retirado de la cuenta HSA que se utilice para pagar gastos médicos calificados no se incluye en los ingresos. State return tax form 2013 Las distribuciones de la cuenta que no se utilicen para gastos médicos se incluyen en los ingresos. State return tax form 2013 Vea la Publicación 969, en inglés, para los requisitos correspondientes a una cuenta HSA. State return tax form 2013   Las aportaciones hechas por una sociedad colectiva a la cuenta HSA de un socio bona fide no corresponden a aportaciones hechas por un empleador. State return tax form 2013 Estas aportaciones se consideran distribuciones de dinero de la cuenta y no se incluyen en el ingreso bruto de dicho socio. State return tax form 2013 Las aportaciones hechas por una sociedad colectiva a la cuenta HSA de un socio por servicios prestados se tratan como pagos garantizados que se pueden incluir en el ingreso bruto del socio. State return tax form 2013 En ambos casos, el socio puede deducir las aportaciones hechas a su cuenta HSA. State return tax form 2013   Las aportaciones hechas por una sociedad anónima de tipo S a la cuenta HSA de un empleado-accionista del 2% por servicios prestados se tratan como pagos garantizados y se incluyen en el ingreso bruto del empleado-accionista. State return tax form 2013 El empleado-accionista puede deducir la aportación hecha a su cuenta HSA. State return tax form 2013 Distribución de fondos calificada a una cuenta de ahorros para gastos médicos (HSA). State return tax form 2013   Se puede realizar una sola distribución de un arreglo de ahorros para la jubilación (IRA) a una cuenta HSA y normalmente no se incluye ninguna parte de dicha distribución en los ingresos. State return tax form 2013 Consulte la Publicación 590 para ver los requisitos correspondientes a estas distribuciones de fondos calificadas a una cuenta HSA. State return tax form 2013 Falta de cumplimiento con los requisitos. State return tax form 2013   Si su cuenta de ahorros para gastos médicos (HSA) recibió distribuciones calificadas (para cuentas HSA) de una cuenta flexible para gastos médicos (Health FSA) o de un plan de reembolso de gastos médicos (HRA) (temas tratados anteriormente) o de una distribución de fondos calificada para una cuenta HSA, usted tiene que reunir los requisitos para fines de una cuenta HSA en el período desde el mes en el que se haya realizado la distribución calificada hasta el último día del duodécimo mes siguiente a dicho mes. State return tax form 2013 Si no reúne los requisitos durante este período y esto no se debe a fallecimiento o incapacidad, tiene que incluir la distribución en los ingresos del año tributario en el que deje de reunir los requisitos. State return tax form 2013 Dichos ingresos están sujetos a un impuesto adicional del 10%. State return tax form 2013 Ayuda para Adopción Es posible que pueda excluir de los ingresos cantidades pagadas o gastos incurridos por su empleador por gastos calificados de adopción relacionados con la adopción de un hijo que reúna los requisitos. State return tax form 2013 Vea las instrucciones para el Formulario 8839, Qualified Adoption Expenses (Gastos de adopción calificados), en inglés, para más información. State return tax form 2013 Los beneficios por adopción los declara el empleador en el recuadro 12 del Formulario W-2 con el código T. State return tax form 2013 También se incluyen como remuneración del Seguro Social y Medicare en los recuadros 3 y 5. State return tax form 2013 Sin embargo, no se incluyen como salario en el recuadro 1. State return tax form 2013 Para determinar las cantidades sujetas a impuestos y las que no lo están, tiene que llenar la Parte III del Formulario 8839, en inglés. State return tax form 2013 Adjunte el formulario a su declaración de impuestos. State return tax form 2013 Beneficios De Minimis (Mínimos) Si su empleador le provee un producto o servicio y el costo del mismo es tan pequeño que no sería razonable para el empleador declararlo, el valor no se incluye en los ingresos. State return tax form 2013 Generalmente, el valor de los beneficios como descuentos en las cafeterías de la compañía, el costo de transporte por taxi para regresar a su casa cuando trabaje horas extra y comidas patrocinadas por la compañía no se incluyen en los ingresos. State return tax form 2013 Obsequios por fiestas. State return tax form 2013   Si su empleador le obsequia un pavo, jamón u otro artículo de valor nominal por Navidad u otras fiestas, no incluya el valor del obsequio en los ingresos. State return tax form 2013 Sin embargo, si su empleador le obsequia dinero en efectivo, un certificado de regalo o un artículo similar que usted fácilmente puede canjear por efectivo, incluya el valor de ese obsequio como salario o sueldo adicional sea cual sea la cantidad en cuestión. State return tax form 2013 Ayuda para Educación Puede excluir de sus ingresos hasta $5,250 en concepto de ayuda calificada para educación provista por el empleador. State return tax form 2013 Para más información, vea la Publicación 970, Tax Benefits for Education (Beneficios tributarios para estudios), en inglés. State return tax form 2013 Seguro de Vida Colectivo a Término Fijo Por lo general, el costo de hasta $50,000 de la cobertura de un seguro de vida colectivo a término fijo provisto por su empleador (o un empleador anterior) no se incluye en los ingresos. State return tax form 2013 Sin embargo, tiene que incluir en los ingresos el costo del seguro provisto por su empleador si es superior a $50,000 de cobertura menos toda cantidad que pague por la compra del seguro. State return tax form 2013 Para las excepciones, vea Costo exento de impuestos en su totalidad , y Costo sujeto a impuestos en su totalidad , más adelante. State return tax form 2013 Si su empleador provee más de $50,000 en cobertura, la cantidad incluida en los ingresos se declara como parte de su salario en el recuadro 1 del Formulario W-2. State return tax form 2013 También aparece por separado en el recuadro 12 con el código C. State return tax form 2013 Seguro de vida colectivo a término a fijo. State return tax form 2013   Este tipo de seguro proporciona protección mediante un seguro de vida a término fijo (un seguro que tiene vigencia por un período de tiempo fijo) que: Provee una indemnización general por fallecimiento del asegurado, Se ofrece a un grupo de empleados, Se ofrece conforme a una póliza a nombre del empleador, y Provee una cantidad de seguro para cada empleado basada en una fórmula que impide una selección individual. State return tax form 2013 Beneficios permanentes. State return tax form 2013   Si su póliza de seguro de vida colectivo a término fijo incluye beneficios permanentes, como el valor de su pago completo o el valor en efectivo de recuperación de la póliza, tiene que incluir en los ingresos, como salario, el costo de los beneficios permanentes menos la cantidad que pague por ellos. State return tax form 2013 Su empleador debe poder decirle la cantidad que tiene que incluir en los ingresos. State return tax form 2013 Beneficios por fallecimiento accidental. State return tax form 2013   El seguro que provee beneficios por fallecimiento accidental u otro tipo de beneficios por fallecimiento pero no provee beneficios por fallecimiento en general (seguro de viajes, por ejemplo) no es seguro de vida colectivo a término fijo. State return tax form 2013 Empleador anterior. State return tax form 2013   Si un empleador anterior proveyó más de $50,000 en cobertura de seguro de vida colectivo a término fijo durante el año, la cantidad incluida en sus ingresos se declara como salario en el recuadro 1 del Formulario W-2. State return tax form 2013 También aparece por separado en el recuadro 12 con el código C. State return tax form 2013 El recuadro 12 también muestra, con los códigos M y N, la cantidad de impuestos sin cobrar del Seguro Social y Medicare sobre la cobertura en exceso. State return tax form 2013 Tiene que pagar estos impuestos con su declaración de impuestos. State return tax form 2013 Inclúyalos en el impuesto total en la línea 60 del Formulario 1040 y siga las instrucciones para la línea 60. State return tax form 2013 Para más información, vea las Instrucciones del Formulario 1040, en inglés. State return tax form 2013 Dos o más empleadores. State return tax form 2013   Su exclusión para la cobertura del seguro de vida colectivo a término fijo no puede sobrepasar el costo de $50,000 de cobertura provista por su empleador, independientemente de si el seguro es provisto por un solo empleador o por varios empleadores. State return tax form 2013 Si dos o más empleadores proveen cobertura de seguro que sume más de $50,000, las cantidades declaradas como salarios en los Formularios W-2 no serán correctas. State return tax form 2013 Tiene que calcular cuánto tiene que incluir en los ingresos. State return tax form 2013 A la cantidad que calcule, réstele la cantidad declarada con el código C en el recuadro 12 de los Formularios W-2, sume el resultado al salario declarado en el recuadro 1 y declare el total en su declaración de impuestos. State return tax form 2013 Cómo calcular el costo tributable. State return tax form 2013   Utilice la hoja de trabajo siguiente para calcular la cantidad a incluir en los ingresos. State return tax form 2013     Hoja de Trabajo 5-1. State return tax form 2013 Cómo Calcular el Costo del Seguro de Vida Colectivo a Término Fijo a Incluir en los Ingresos 1. State return tax form 2013 Anote la cantidad total de su cobertura de seguro provista por su(s) empleador(es). State return tax form 2013 1. State return tax form 2013   2. State return tax form 2013 Límite sobre la exclusión para la cobertura del seguro de vida colectivo a término fijo provista por su empleador. State return tax form 2013 2. State return tax form 2013 50,000 3. State return tax form 2013 Reste la línea 2 de la línea 1. State return tax form 2013 3. State return tax form 2013   4. State return tax form 2013 Divida la línea 3 entre $1,000. State return tax form 2013 Incluya sólo un decimal. State return tax form 2013 4. State return tax form 2013   5. State return tax form 2013 Vaya a la Tabla 5-1. State return tax form 2013 Según la edad que tenga el último día del año tributario, busque el grupo correspondiente a su edad en la columna izquierda y anote el costo correspondiente indicado en la columna derecha. State return tax form 2013 5. State return tax form 2013   6. State return tax form 2013 Multiplique la línea 4 por la línea 5. State return tax form 2013 6. State return tax form 2013   7. State return tax form 2013 Anote el número de meses completos de cobertura a este costo. State return tax form 2013 7. State return tax form 2013   8. State return tax form 2013 Multiplique la línea 6 por la línea 7. State return tax form 2013 8. State return tax form 2013   9. State return tax form 2013 Anote las primas que pagó al mes. State return tax form 2013 9. State return tax form 2013       10. State return tax form 2013 Anote el número de meses que pagó las primas. State return tax form 2013 10. State return tax form 2013       11. State return tax form 2013 Multiplique la línea 9 por la línea 10. State return tax form 2013 11. State return tax form 2013   12. State return tax form 2013 Reste la línea 11 de la línea 8. State return tax form 2013 Incluya esta cantidad en sus ingresos como salario 12. State return tax form 2013   Tabla 5-1. State return tax form 2013 Costo de Cada $1,000 de Seguro de Vida Colectivo a Término Fijo por un Mes Edad Costo Menor de 25 años $ 0. State return tax form 2013 05 De 25 a 29 años 0. State return tax form 2013 06 De 30 a 34 años 0. State return tax form 2013 08 De 35 a 39 años 0. State return tax form 2013 09 De 40 a 44 años 0. State return tax form 2013 10 De 45 a 49 años 0. State return tax form 2013 15 De 50 a 54 años 0. State return tax form 2013 23 De 55 a 59 años 0. State return tax form 2013 43 De 60 a 64 años 0. State return tax form 2013 66 De 65 a 69 años 1. State return tax form 2013 27 De 70 años en adelante 2. State return tax form 2013 06 Ejemplo. State return tax form 2013 Usted tiene 51 años de edad y trabaja para los empleadores A y B. State return tax form 2013 Ambos empleadores le proveen cobertura de seguro de vida colectivo a término fijo para el año entero. State return tax form 2013 Su cobertura es $35,000 con el empleador A y $45,000 con el empleador B. State return tax form 2013 Usted paga las primas mensuales de $4. State return tax form 2013 15 conforme al plan colectivo del empleador B. State return tax form 2013 La cantidad a ser incluida en los ingresos se calcula según lo indicado en la Hoja de Trabajo 5-1. State return tax form 2013 Cómo Calcular el Costo del Seguro de Vida Colectivo a Término Fijo a Incluir en los Ingresos – Ejemplo, a continuación. State return tax form 2013    Hoja de Trabajo 5-1. State return tax form 2013 Cómo Calcular el Costo del Seguro de Vida Colectivo a Término Fijo a Incluir en los Ingresos – Ejemplo 1. State return tax form 2013 Anote la cantidad total de su cobertura de seguro provista por su(s) empleador(es). State return tax form 2013 1. State return tax form 2013 80,000 2. State return tax form 2013 Límite sobre la exclusión para la cobertura del seguro de vida colectivo a término fijo provista por su empleador. State return tax form 2013 2. State return tax form 2013 50,000 3. State return tax form 2013 Reste la línea 2 de la línea 1. State return tax form 2013 3. State return tax form 2013 30,000 4. State return tax form 2013 Divida la línea 3 entre $1,000. State return tax form 2013 Incluya sólo un decimal. State return tax form 2013 4. State return tax form 2013 30. State return tax form 2013 0 5. State return tax form 2013 Vaya a la Tabla 5-1. State return tax form 2013 Según la edad que tenga el último día del año tributario, busque el grupo correspondiente a su edad en la columna izquierda y anote el costo correspondiente indicado en la columna derecha. State return tax form 2013 5. State return tax form 2013 . State return tax form 2013 23 6. State return tax form 2013 Multiplique la línea 4 por la línea 5. State return tax form 2013 6. State return tax form 2013 6. State return tax form 2013 90 7. State return tax form 2013 Anote el número de meses completos de cobertura a este costo. State return tax form 2013 7. State return tax form 2013 12 8. State return tax form 2013 Multiplique la línea 6 por la línea 7. State return tax form 2013 8. State return tax form 2013 82. State return tax form 2013 80 9. State return tax form 2013 Anote las primas que pagó al mes. State return tax form 2013 9. State return tax form 2013 4. State return tax form 2013 15     10. State return tax form 2013 Anote el número de meses que pagó las primas. State return tax form 2013 10. State return tax form 2013 12     11. State return tax form 2013 Multiplique la línea 9 por la línea 10. State return tax form 2013 11. State return tax form 2013 49. State return tax form 2013 80 12. State return tax form 2013 Reste la línea 11 de la línea 8. State return tax form 2013 Incluya esta cantidad en sus ingresos como salario. State return tax form 2013 12. State return tax form 2013 33. State return tax form 2013 00 Costo exento de impuestos en su totalidad. State return tax form 2013   No se grava impuesto alguno sobre el costo del seguro de vida colectivo a término fijo si se da alguna de las siguientes circunstancias: Está permanente y totalmente incapacitado y ha cesado su trabajo. State return tax form 2013 Su empleador es el beneficiario de la póliza por el período completo de vigencia del seguro durante el año tributario. State return tax form 2013 Una organización benéfica (definida en el capítulo 24), para la cual las aportaciones son deducibles, es la única beneficiaria de la póliza por el período completo de vigencia del seguro durante el año tributario. State return tax form 2013 (No tiene derecho a una deducción en concepto de donación caritativa por nombrar a una organización benéfica beneficiaria de su póliza). State return tax form 2013 El plan existía el 1 de enero de 1984 y Se jubiló antes del 2 de enero de 1984 y estaba cubierto por el plan cuando se jubiló o Llegó a los 55 años de edad antes del 2 enero de 1984 y estaba empleado por el empleador o su predecesor en 1983. State return tax form 2013 Costo sujeto a impuestos en su totalidad. State return tax form 2013   Se grava la totalidad del costo del seguro de vida colectivo a término fijo si se da alguna de las siguientes circunstancias: El empleador provee el seguro por medio de un fideicomiso para empleados calificado, como un fideicomiso de pensiones o un plan de anualidades calificado. State return tax form 2013 Usted es un empleado clave y el plan de su empleador discrimina a favor de los empleados clave. State return tax form 2013 Servicios de Planificación para la Jubilación Si su empleador tiene un plan calificado de jubilación, los servicios de planificación calificados para la jubilación provistos a usted (y a su cónyuge) por el empleador no se incluyen en los ingresos. State return tax form 2013 Los servicios calificados incluyen asesoramiento sobre planificación para la jubilación, información sobre el plan de jubilación de su empleador e información sobre cómo podría encajar este plan dentro de su plan general individual de ingresos para la jubilación. State return tax form 2013 No puede excluir el valor de ningún servicio de preparación de impuestos, contabilidad, ni servicios de un abogado o corredor de bolsa provistos por su empleador. State return tax form 2013 Transporte Si su empleador le provee un beneficio marginal de transporte calificado, éste puede ser excluido de sus ingresos, hasta ciertos límites. State return tax form 2013 Un beneficio marginal de transporte calificado es: Transporte en vehículos de desplazamiento en carretera (como furgonetas) entre su hogar y el lugar de trabajo, Una tarjeta abonada de transporte colectivo, Estacionamiento que reúna los requisitos. State return tax form 2013 Desplazamiento calificado de ida y vuelta al trabajo en bicicleta. State return tax form 2013 Los reembolsos en efectivo hechos por su empleador para dichos gastos conforme a un acuerdo bona fide para reembolsos también son excluibles. State return tax form 2013 Sin embargo, el reembolso en efectivo de una tarjeta abonada de transporte colectivo es excluible sólo si no tiene a su disposición un recibo o artículo similar que pueda ser canjeado únicamente por una tarjeta abonada de transporte colectivo. State return tax form 2013 Límite de exclusión. State return tax form 2013   La exclusión para el transporte al trabajo en vehículos de carretera y los beneficios marginales de tarjetas abonadas de transporte colectivo no puede ser mayor que $245 al mes. State return tax form 2013   La exclusión por el beneficio marginal de estacionamiento calificado no puede ser mayor de $245 al mes. State return tax form 2013   La exclusión para desplazarse en bicicleta hasta el lugar de trabajo y de vuelta a la casa, conforme a los requisitos y durante un año natural, se calcula multiplicando $20 por el número de meses, los cuales reúnen los requisitos, en los que dicho desplazamiento se haya realizado durante dicho año. State return tax form 2013   Si los beneficios tienen un valor superior a estos límites, la cantidad en exceso tiene que incluirse en los ingresos. State return tax form 2013 Usted no tiene derecho a estas exclusiones si los reembolsos se efectúan conforme a un acuerdo de reducción de remuneración. State return tax form 2013 Vehículo de transporte al trabajo en carretera. State return tax form 2013   Es un vehículo de uso en carretera con asientos para por lo menos seis adultos (sin incluir al chófer). State return tax form 2013 Se espera que por lo menos el 80% del millaje del vehículo sea por: Transporte de empleados de su casa al trabajo y viceversa y Viajes durante los cuales los empleados ocupan por lo menos la mitad de los asientos para adultos del vehículo (sin incluir al chófer). State return tax form 2013 Tarjeta abonada de transporte. State return tax form 2013   Es toda tarjeta, ficha, billete o vale que le dé a la persona el derecho de viajar en transporte colectivo (ya sea público o privado) gratis o con descuento o a viajar en un vehículo de transporte por carretera operado por una persona que se dedique al negocio de transportar personas a cambio de remuneración. State return tax form 2013 Estacionamiento que reúne los requisitos. State return tax form 2013   Es un estacionamiento provisto a un empleado en el sitio del local comercial del empleador, o cerca del mismo. State return tax form 2013 También incluye el estacionamiento en el lugar, o cerca del lugar, desde el cual el empleado viaja a su lugar de trabajo en transporte público, en un vehículo de transporte en carretera o en un vehículo sujeto a un convenio entre dueños de autos para turnarse en el transporte a sus lugares de trabajo. State return tax form 2013 No incluye el estacionamiento en el hogar del empleado o cerca del mismo. State return tax form 2013 Desplazamiento calificado de ida y vuelta al trabajo en bicicleta. State return tax form 2013   Éste es un reembolso basado en el número de meses calificados de desplazamiento de ida y vuelta al trabajo en bicicleta durante el año. State return tax form 2013 Un mes calificado de desplazamiento de ida y vuelta al trabajo en bicicleta es cualquier mes en el que utilice la bicicleta de manera habitual para una parte sustancial del viaje de ida y vuelta al trabajo sin recibir los demás beneficios marginales de transporte calificados. State return tax form 2013 Puede recibir el reembolso por gastos en los que incurrió durante el año al comprar una bicicleta y por mejoras, reparaciones y almacenaje relacionados con la bicicleta. State return tax form 2013 Aportaciones a un Plan de Jubilación Las aportaciones hechas por su empleador a un plan calificado de jubilación para usted no se incluyen en los ingresos en el momento en que se hacen. State return tax form 2013 Su empleador le puede decir si su plan de jubilación reúne los requisitos. State return tax form 2013 Sin embargo, es posible que el costo de cobertura de un seguro de vida incluido en el plan tenga que incluirse. State return tax form 2013 Vea el tema titulado Seguro de Vida Colectivo a Término Fijo , anteriormente, bajo Beneficios Marginales. State return tax form 2013 Si su empleador hace pagos a un plan no calificado para usted, generalmente tiene que incluir las aportaciones en los ingresos como salario para el año tributario en que se hicieron las aportaciones. State return tax form 2013 Sin embargo, si los intereses que recibe del plan no se pueden traspasar o están sujetos a un riesgo considerable de ser decomisados (o sea, usted tiene buena probabilidad de perderlos) en el momento de la aportación, no tiene que incluir el valor de los intereses en los ingresos hasta que sean transferibles, o no estén sujetos a dicho riesgo de ser decomisados. State return tax form 2013 Para información sobre las distribuciones de planes de jubilación, vea la Publicación 575, Pension and Annuity Income (Ingresos de pensiones y anualidades), (o la Publicación 721, Tax Guide to U. State return tax form 2013 S. State return tax form 2013 Civil Service Retirement Benefits (Guía tributaria de beneficios de jubilación federales de los Estados Unidos)), ambas en inglés, si usted es empleado o jubilado federal. State return tax form 2013 Aplazamientos electivos. State return tax form 2013   Si tiene derecho a ciertos tipos de planes de jubiliación, puede escoger apartar parte de su salario para que su empleador lo aporte a un fondo para la jubiliación, en vez de serle pagado a usted. State return tax form 2013 La cantidad que aparte (denominada aplazamiento electivo) se considera aportación del empleador a un plan calificado. State return tax form 2013 Un aplazamiento electivo, que no sea una aportación designada hecha a un arreglo Roth (tema que se aborda más adelante), no se incluye en el salario sujeto a impuestos sobre el ingreso en el momento en que se hace la aportación. State return tax form 2013 Sin embargo, sí se incluye en el salario sujeto a impuestos del Seguro Social y Medicare. State return tax form 2013   Los aplazamientos electivos incluyen aportaciones electivas hechas a los siguientes planes de jubilación: Acuerdos de pago en efectivo o diferidos (planes conforme a la sección 401(k)). State return tax form 2013 Thrift Savings Plan (Cuenta de ahorros para la jubilación) para empleados del gobierno federal. State return tax form 2013 Planes de pensiones simplificadas para empleados mediante la reducción de salarios (conocidos en inglés como salary reduction simplified employee pension plans (SARSEP)). State return tax form 2013 Planes de incentivos de ahorros para empleados en los que el empleador aporta cantidades iguales (conocidos en inglés como savings incentive match plans for employees (SIMPLE plans)). State return tax form 2013 Planes de anualidades con protección tributaria (planes conforme a la sección 403(b)). State return tax form 2013 Planes conforme a la sección 501(c)(18)(D). State return tax form 2013 Planes conforme a la sección 457. State return tax form 2013 Plan calificado de aportaciones automáticas. State return tax form 2013   A través de un plan calificado de aportaciones automáticas, su empleador puede considerar que usted ha optado por aportar parte de su salario a un plan conforme a la sección 401(k). State return tax form 2013 A usted se le debe enviar una notificación por escrito de los derechos y deberes que le corresponden conforme al plan calificado de aportaciones automáticas. State return tax form 2013 Dicha notificación tiene que explicar: Su derecho a optar por que no se efectúen aportaciones optativas o por que sí se efectúen, pero a un porcentaje distinto y Cómo se invertirán las aportaciones efectuadas si usted no toma una decisión en cuanto a la inversión de las mismas. State return tax form 2013   Después de recibir la notificación y antes de que se efectúe la primera aportación optativa, es obligatorio que tenga un período razonable para elegir una opción en cuanto a las aportaciones. State return tax form 2013 Límite global sobre aplazamientos. State return tax form 2013   En el año 2013, por lo general, no debió haber diferido más de un total de $17,500 en aportaciones a los planes enumerados anteriormente en los apartados (1) al (3) y (5). State return tax form 2013 El límite sobre aportaciones hechas a un plan SIMPLE es $12,000. State return tax form 2013 El límite sobre aportaciones hechas a planes conforme a la sección 501(c)(18)(D) es $7,000 o el 25% de su remuneración, la cantidad que sea menor. State return tax form 2013 El límite sobre aportaciones hechas a planes conforme a la sección 457 es su remuneración incluible o $17,500, la cantidad que sea menor. State return tax form 2013 Las cantidades diferidas bajo los límites específicos del plan son parte del límite global sobre aplazamientos. State return tax form 2013 Aportaciones designadas a un arreglo Roth. State return tax form 2013   Los empleadores con planes conforme a las secciones 401(k) y 403(b) pueden establecer programas calificados de aportaciones a un arreglo Roth para hacer que la totalidad o parte de sus aplazamientos electivos al plan se designen a aportaciones a un arreglo Roth después de impuestos. State return tax form 2013 Las aportaciones designadas a un arreglo Roth se consideran aplazamientos electivos, salvo que se incluyen en los ingresos. State return tax form 2013 Aplazamientos en exceso. State return tax form 2013   Su empleador o el administrador de su plan debería aplicar el límite anual correspondiente al calcular sus aportaciones al plan. State return tax form 2013 No obstante, usted es responsable de controlar o llevar la cuenta del total que aplace para asegurarse de que los aplazamientos no sean mayores al límite global. State return tax form 2013   Si aparta una cantidad mayor al límite, el exceso generalmente tiene que incluirse en los ingresos de ese año, a no ser que tenga un aplazamiento en exceso de una aportación designada a un arreglo Roth. State return tax form 2013 Vea la Publicación 525, en inglés, para una explicación sobre el tratamiento tributario de los aplazamientos en exceso. State return tax form 2013 Aportaciones de actualización. State return tax form 2013   Es posible que se le permita hacer aportaciones de actualización (aplazamientos electivos adicionales) si tiene 50 años de edad o más para el final del año tributario. State return tax form 2013 Opciones de Compra de Acciones Si recibe una opción no estatutaria para comprar o vender acciones u otros bienes como pago por sus servicios, normalmente tendrá ingresos cuando reciba la opción, cuando ejerza la opción (cuando la use para comprar o vender las acciones u otros bienes) o cuando venda o de otra manera enajene la opción. State return tax form 2013 Sin embargo, si su opción es una opción estatutaria de acciones, no tendrá ningún ingreso hasta que venda o intercambie sus acciones. State return tax form 2013 Su empleador le puede decir qué clase de opción tiene. State return tax form 2013 Para más información, vea la Publicación 525, en inglés. State return tax form 2013 Bienes Restringidos Por lo general, si recibe bienes a cambio de sus servicios, tiene que incluir el valor justo de mercado en los ingresos en el año en que reciba los bienes. State return tax form 2013 Sin embargo, si recibe acciones u otros bienes que tengan ciertas restricciones que afecten su valor, no incluya el valor de los bienes en los ingresos hasta que se hayan adquirido todos los derechos a los mismos. State return tax form 2013 Puede elegir incluir el valor de los bienes en los ingresos en el año en que le son traspasados a usted. State return tax form 2013 Para más información, vea Restricted Property (Bienes restringidos), en la Publicación 525, en inglés. State return tax form 2013 Dividendos recibidos de acciones restringidas. State return tax form 2013   Los dividendos que reciba de acciones restringidas se consideran remuneración y no ingresos de dividendos. State return tax form 2013 Su empleador debe incluir estos pagos en el Formulario W-2. State return tax form 2013 Acciones que usted elija incluir en los ingresos. State return tax form 2013   Los dividendos que reciba de acciones restringidas que usted eligió incluir en los ingresos en el año en que se traspasaron son tratados como cualquier otro dividendo. State return tax form 2013 Declárelos en la declaración de impuestos como dividendos. State return tax form 2013 Para una explicación sobre dividendos, vea el capítulo 8 . State return tax form 2013    Para más información sobre cómo tratar los dividendos declarados en el Formulario W-2 y el Formulario 1099-DIV, vea Dividends received on restricted stock (Dividendos recibidos de acciones restringidas), en la Publicación 525, en inglés. State return tax form 2013 Reglas Especiales para Algunos Empleados Esta sección trata de las reglas especiales para personas que tengan ciertas clases de empleo: miembros del clero, miembros de órdenes religiosas, personas que trabajan para empleadores extranjeros, personal militar y voluntarios. State return tax form 2013 Clero Por lo general, si es miembro del clero, tiene que incluir en sus ingresos las ofrendas y honorarios que reciba por oficiar en matrimonios, bautizos, funerales, misas, etc. State return tax form 2013 , además de su sueldo o salario. State return tax form 2013 Si la ofrenda se hace a la institución religiosa, no se le grava a usted. State return tax form 2013 Si es miembro de una organización religiosa y le da ganancias de otras fuentes a dicha organización religiosa, tiene que incluir dichas ganancias en sus ingresos. State return tax form 2013 No obstante, quizás tenga derecho a una deducción de la cantidad pagada a la organización caritativa. State return tax form 2013 Vea el capítulo 24 . State return tax form 2013 Pensión. State return tax form 2013    Una pensión o pago por jubilación para un miembro del clero suele tratarse igual que otra pensión o anualidad. State return tax form 2013 Tiene que declararse en las líneas 16a y 16b del Formulario 1040 o en las líneas 12a y 12b del Formulario 1040A. State return tax form 2013 Vivienda. State return tax form 2013    Hay reglas especiales en cuanto a vivienda para los miembros del clero. State return tax form 2013 Conforme a estas reglas, no se incluye en los ingresos el valor del alquiler de una vivienda (incluyendo servicios públicos) ni una asignación para vivienda que le haya sido proporcionada como parte de su paga. State return tax form 2013 Sin embargo, la exclusión no puede ser mayor que la paga razonable por sus servicios. State return tax form 2013 Si paga por los servicios públicos, puede excluir toda asignación designada al costo de los servicios, hasta el costo real. State return tax form 2013 La vivienda o la asignación se le tiene que ofrecer como compensación por sus servicios como ministro ordenado, con licencia o con comisión. State return tax form 2013 No obstante, tiene que incluir el valor del alquiler de la vivienda o de la asignación para la vivienda como ganancias del trabajo por cuenta propia en el Anexo SE (Formulario 1040) si está sujeto al impuesto del trabajo por cuenta propia. State return tax form 2013 Para más información, vea la Publicación 517, Social Security and Other Information for Members of the Clergy and Religious Workers (Seguro Social y otra información para miembros del clero y empleados religiosos), en inglés. State return tax form 2013 Miembros de Órdenes Religiosas Si es miembro de una orden religiosa que ha hecho un voto de pobreza, la manera de tratar las ganancias a las cuales ha renunciado y que ha entregado a la orden depende de si presta servicios a la misma. State return tax form 2013 Servicios prestados a la orden religiosa. State return tax form 2013   Si presta servicios en representación de la orden en el desempeño de los deberes requeridos por la misma, no incluya en sus ingresos las cantidades entregadas a la orden. State return tax form 2013   Si su orden le manda prestar servicios para otra entidad de la iglesia supervisora o una institución asociada, se considera que presta los servicios en representación de la orden. State return tax form 2013 Los sueldos o salarios que gane en representación de una orden, y que le entregue a la misma, no se incluyen en sus ingresos. State return tax form 2013 Ejemplo. State return tax form 2013 Usted es miembro de una orden religiosa y ha hecho un voto de pobreza. State return tax form 2013 Renuncia a todo derecho sobre sus ganancias y le entrega a la orden todo sueldo o salario que gane. State return tax form 2013 Usted es enfermero registrado, por lo tanto su orden lo asigna a trabajar en un hospital que es una institución asociada con la iglesia. State return tax form 2013 No obstante, se mantiene bajo el mando general y el control de la orden. State return tax form 2013 A usted se le considera agente de la orden y los sueldos o salarios que gane en ese hospital y entregue a la orden no se incluyen en los ingresos. State return tax form 2013 Servicios prestados fuera de la orden religiosa. State return tax form 2013   Si a usted se le instruye que trabaje fuera de la orden, sus servicios no son un desempeño de los deberes requeridos por la orden a menos que dichos servicios cumplan los dos requisitos siguientes: Son tipos de servicios que normalmente son deberes de los miembros de la orden. State return tax form 2013 Son parte de los deberes que usted tiene que prestar para la orden, o en nombre de la misma, como su agente. State return tax form 2013 Si es empleado de un tercero y presta servicios a éste, se considera que la orden no le exige a usted que preste dichos servicios. State return tax form 2013 Las cantidades que reciba por estos servicios se incluyen en sus ingresos, aun si ha hecho un voto de pobreza. State return tax form 2013 Ejemplo. State return tax form 2013 Marcos Moreno es miembro de una orden religiosa y ha hecho un voto de pobreza. State return tax form 2013 Ha renunciado a todo derecho a sus ganancias y se las entrega a la orden. State return tax form 2013 Marcos es maestro. State return tax form 2013 Sus superiores de la orden le dijeron que obtuviera empleo en una escuela privada exenta de impuestos. State return tax form 2013 Marcos se convirtió en un empleado de la escuela y, a solicitud suya, la escuela pagó su salario directamente a la orden. State return tax form 2013 Debido a que Marcos es empleado de la escuela, se considera que presta servicios para la escuela en vez de como agente de la orden. State return tax form 2013 El salario que gana Marcos por trabajar en la escuela se incluye en sus ingresos. State return tax form 2013 Empleador Extranjero Hay reglas especiales que se aplican a personas que trabajan para un empleador extranjero. State return tax form 2013 Ciudadano estadounidense. State return tax form 2013   Si es ciudadano estadounidense que trabaja en los Estados Unidos para un gobierno extranjero, una organización internacional, una embajada extranjera o cualquier empleador extranjero, tiene que incluir su sueldo en los ingresos. State return tax form 2013 Impuestos del Seguro Social y Medicare. State return tax form 2013   Está exento de los impuestos del Seguro Social y Medicare para empleados si trabaja en los Estados Unidos para una organización internacional o un gobierno extranjero. State return tax form 2013 No obstante, tiene que pagar impuestos sobre el trabajo por cuenta propia sobre sus ingresos por servicios prestados en los Estados Unidos, a pesar de que no trabaja por cuenta propia. State return tax form 2013 Esta regla también corresponde si es empleado de una agencia calificada que pertenezca en su totalidad a un gobierno extranjero. State return tax form 2013 Empleados de organizaciones internacionales o de gobiernos extranjeros. State return tax form 2013   Su remuneración por prestar servicios oficiales a una organización internacional está exenta de impuestos federales sobre los ingresos si no es ciudadano estadounidense o si es ciudadano de las Filipinas (independientemente de si usted es o no ciudadano estadounidense). State return tax form 2013   Su remuneración por prestar servicios oficiales a un gobierno extranjero está exenta de impuestos federales sobre los ingresos si se cumplen todas las siguientes condiciones: No es ciudadano estadounidense o es ciudadano filipino (independientemente de que sea o no ciudadano estadounidense). State return tax form 2013 Su trabajo se parece al trabajo desempeñado por empleados de los Estados Unidos en países extranjeros. State return tax form 2013 El gobierno extranjero ofrece una exención igual a empleados de los Estados Unidos que se encuentren en su país. State return tax form 2013 Renuncia al estado de extranjero. State return tax form 2013   Podrían corresponderle reglas diferentes si es extranjero que trabaja para un gobierno extranjero o una organización internacional y presenta una renuncia conforme a la sección 247(b) de la Immigration and Nationality Act (Ley de Inmigración y Nacionalidad) para mantener su estado de inmigrante. State return tax form 2013 Vea el tema titulado Foreign Employer (Empleador extranjero) en la Publicación 525, en inglés. State return tax form 2013 Empleo en el extranjero. State return tax form 2013   Para información sobre el trato tributario de los ingresos ganados en el extranjero, obtenga la Publicación 54, en inglés. State return tax form 2013 Fuerzas Armadas Los pagos que reciba como miembro de las Fuerzas Armadas suelen estar sujetos a impuestos como sueldo o salario, con excepción del pago de jubilación que está sujeto a impuestos como una pensión. State return tax form 2013 A las asignaciones generalmente no se les gravan impuestos. State return tax form 2013 Para información sobre el trato tributario de las asignaciones y beneficios militares, obtenga la Publicación 3, Armed Forces' Tax Guide (Guía tributaria para las Fuerzas Armadas), en inglés. State return tax form 2013 Pagos de salarios diferenciales. State return tax form 2013   Si una persona que presta servicio activo como miembro de las Fuerzas Armadas recibe pagos de un empleador correspondientes a cualquier período de dicho servicio, éstos se tratan como remuneración. State return tax form 2013 Estos salarios están sujetos a la retención del impuesto sobre los ingresos y se declaran en el Formulario W-2. State return tax form 2013 Vea la sección Otras Clases de Remuneración , anteriormente. State return tax form 2013 Pagos de la jubilación militar. State return tax form 2013   Si sus pagos de jubilación se basan en edad o duración de servicio, están sujetos a impuestos y tienen que incluirse en sus ingresos como una pensión en las líneas 16a y 16b del Formulario 1040, o en las líneas 12a y 12b del Formulario 1040A. State return tax form 2013 No incluya en los ingresos ninguna reducción de pago de jubilación o anticipo para proveer una anualidad de sobreviviente para su cónyuge o hijos conforme al Retired Serviceman's Family Protection Plan (Plan de protección para las familias de militares jubilados) o el Survivor Benefit Plan (Plan de beneficios para sobrevivientes). State return tax form 2013   Para una explicación más detallada sobre las anualidades para sobrevivientes, vea el capítulo 10 . State return tax form 2013 Incapacidad. State return tax form 2013   Si se jubiló por incapacidad, vea el tema titulado Pensiones Militares y Gubernamentales por Incapacidad bajo Beneficios por Enfermedad y Lesiones, más adelante. State return tax form 2013 Beneficios para veteranos. State return tax form 2013   No incluya en sus ingresos beneficio alguno para veteranos pagado conforme a alguna ley, reglamento o práctica administrativa administrada por el Departamento de Asuntos de Veteranos (VA, por sus siglas en inglés). State return tax form 2013 Las cantidades siguientes pagadas a veteranos o a sus familias no están sujetas a impuestos: Asignaciones para educación, capacitación y subsistencia. State return tax form 2013 Pagos de compensación por incapacidad y pagos de pensión por incapacidad hechos a veteranos o a sus familias. State return tax form 2013 Subvenciones para casas diseñadas para habitantes en silla de ruedas. State return tax form 2013 Subvenciones para vehículos motorizados para veteranos que han perdido la vista o el uso de sus extremidades. State return tax form 2013 Ganancias y dividendos de seguros pagados a veteranos o a sus beneficiarios, incluyendo las ganancias de una póliza de seguro dotal para veteranos pagadas antes del fallecimiento. State return tax form 2013 Intereses sobre dividendos de seguros que deje en depósito en el Departamento de Asuntos de Veteranos. State return tax form 2013 Beneficios de un programa para el cuidado de dependientes. State return tax form 2013 La prestación pagada al sobreviviente de un miembro de las Fuerzas Armadas que falleció después del 10 de septiembre de 2001. State return tax form 2013 Pagos hechos conforme al programa de terapia laboral remunerada. State return tax form 2013 Todo pago de bonificación de un estado o subdivisión política por servicios prestados en una zona de combate. State return tax form 2013 Voluntarios El trato tributario de las cantidades que reciba como trabajador voluntario del Cuerpo de Paz o una agencia similar se trata en los párrafos siguientes. State return tax form 2013 Cuerpo de Paz. State return tax form 2013   Las asignaciones de subsistencia que reciba como voluntario del Cuerpo de Paz, o como líder voluntario del mismo, por concepto de vivienda, servicios públicos, suministros para el hogar, alimento y ropa están exentas de impuestos. State return tax form 2013 Asignaciones sujetas a impuestos. State return tax form 2013   Las asignaciones siguientes tienen que incluirse en sus ingresos y declararse como salario: Asignaciones pagadas a su cónyuge e hijos menores de edad mientras usted es líder voluntario en capacitación en los Estados Unidos. State return tax form 2013 Asignaciones para subsistencia designadas por el Director del Cuerpo de Paz como remuneración básica. State return tax form 2013 Éstas son asignaciones para artículos personales como ayuda con los quehaceres domésticos, lavado y mantenimiento de ropa, entretenimiento y recreación, transporte y otros gastos misceláneos. State return tax form 2013 Asignaciones para permisos o licencias (por vacaciones o enfermedad). State return tax form 2013 Asignaciones de reajuste o pagos de terminación. State return tax form 2013 Se considera que éstas son recibidas por usted cuando se abonan a su cuenta. State return tax form 2013 Ejemplo. State return tax form 2013 Gastón Carranza, un voluntario del Cuerpo de Paz, recibe $175 mensuales como asignación de reajuste durante el período de servicio, a serle pagada en una suma global al concluir su período de servicio. State return tax form 2013 Aunque la asignación no está a su disposición hasta concluir su servicio, Gastón tiene que incluirla en sus ingresos cada mes cuando se acredite a su cuenta. State return tax form 2013 Volunteers in Service to America (Voluntarios del servicio para los Estados Unidos de América o VISTA, por sus siglas en inglés). State return tax form 2013   Si es voluntario del programa Volunteers in Service to America (Voluntarios del servicio para los Estados Unidos de América), tiene que incluir las asignaciones para comidas y alojamiento en los ingresos como salario. State return tax form 2013 Programas del National Senior Services Corps (Cuerpo nacional de servicios prestados por personas mayores). State return tax form 2013   Si recibe dinero por servicios de ayuda o reembolsos por gastos de bolsillo, no lo incluya en sus ingresos si proviene de los siguientes programas: Retired Senior Volunteer Program (o RSVP, por sus siglas en inglés) (Programa de voluntarios mayores jubilados). State return tax form 2013 Foster Grandparent Program (Programa de abuelos de crianza). State return tax form 2013 Senior Companion Program (Programa de acompañantes de personas mayores). State return tax form 2013 Service Corps of Retired Executives (Cuerpo de servicio de ejecutivos jubilados o SCORE, por sus siglas en inglés). State return tax form 2013   Si recibe dinero por servicios de ayuda o reembolsos de gastos de bolsillo, no lo incluya en sus ingresos si proviene del Service Corps of Retired Executives (Cuerpo de servicio de ejecutivos jubilados). State return tax form 2013 Asesoría voluntaria con los impuestos. State return tax form 2013   No incluya en los ingresos reembolso alguno que reciba por transporte, comidas u otros gastos en los que incurra mientras recibe capacitación para proveer, o mientras provee, asesoría voluntaria con los impuestos federales a personas mayores (conocida en inglés como Tax Counseling for the Elderly o TCE, por sus siglas en inglés). State return tax form 2013   Puede deducir como donación caritativa los gastos de bolsillo no reembolsados y en los que incurrió mientras tomaba parte en el Volunteer Income Tax Assistance Program (Programa de asistencia voluntaria para la preparación de impuestos sobre el ingreso o VITA, por sus siglas en inglés). State return tax form 2013 Vea el capítulo 24 . State return tax form 2013 Beneficios por Enfermedad y Lesiones Esta sección aborda diversas clases de beneficios por enfermedad o lesiones, incluyendo beneficios por incapacidad, contratos de seguros para cuidados a largo plazo, compensación del seguro obrero y otros beneficios. State return tax form 2013 Generalmente, tiene que declarar como ingresos toda cantidad que reciba por lesiones corporales o enfermedad de un plan de accidentes o de salud que pague su empleador. State return tax form 2013 Si usted y su empleador, ambos, pagan por el plan, sólo la cantidad que usted reciba por los pagos hechos por su empleador se declara como ingresos. State return tax form 2013 Sin embargo, puede ser que ciertos pagos no se le graven a usted. State return tax form 2013 Su empleador debería poder darle los detalles específicos sobre su plan de pensiones e informarle de la cantidad que usted pagó por su pensión por incapacidad. State return tax form 2013 Además de las pensiones y anualidades por incapacidad, quizás reciba otros pagos por enfermedad y lesiones. State return tax form 2013 No declare como ingresos ninguna cantidad recibida como reembolso de gastos médicos en los que incurrió después de establecerse el plan. State return tax form 2013 Costo pagado por usted. State return tax form 2013   Si usted paga el costo entero de un plan de salud o de accidente, no incluya como ingresos en su declaración de impuestos ninguna cantidad que reciba del plan por lesiones corporales o enfermedad. State return tax form 2013 Si su plan le reembolsó los gastos médicos que usted dedujo en un año anterior, quizás tenga que incluir en los ingresos algunos, o todos, los reembolsos. State return tax form 2013 Vea el tema titulado Reembolso en un año posterior , en el capítulo 21. State return tax form 2013 Planes flexibles de beneficios (Cafeteria plans). State return tax form 2013   Por lo general, si está cubierto por un plan de salud o de accidente a través de un plan flexible de beneficios y las primas del seguro no se incluyeron en los ingresos, se considera que no ha pagado las primas y tiene que incluir en los ingresos todos los beneficios que haya recibido. State return tax form 2013 Si las primas se incluyeron en los ingresos, se considera que ha pagado las primas y los beneficios que reciba no están sujetos a impuestos. State return tax form 2013 Pensiones por Incapacidad Si se jubiló por incapacidad, tiene que incluir en sus ingresos toda pensión por incapacidad que reciba conforme a un plan pagado por su empleador. State return tax form 2013 Tiene que declarar los pagos por incapacidad sujetos a impuestos como salario en la línea 7 del Formulario 1040 o del Formulario 1040A, hasta que usted cumpla la edad mínima para la jubilación. State return tax form 2013 La edad mínima para la jubilación es, por lo general, la edad en la cual usted puede recibir por primera vez una pensión o anualidad si no está incapacitado. State return tax form 2013 Podría tener derecho a un crédito tributario si estaba permanente y totalmente incapacitado cuando se jubiló. State return tax form 2013 Para más información sobre este crédito y la definición de incapacidad total y permanente, vea el capítulo 33. State return tax form 2013 A partir del día después de haber cumplido la edad mínima para la jubilación, los pagos que reciba están sujetos a impuestos como pensión o anualidad. State return tax form 2013 Declare estos pagos en las líneas 16a y 16b del Formulario 1040 o en las líneas 12a y 12b del Formulario 1040A. State return tax form 2013 Para información sobre las reglas para declarar pensiones, vea el tema titulado Cómo Hacer la Declaración , en el capítulo 10. State return tax form 2013 Para información sobre los pagos por incapacidad de un programa gubernamental provistos como sustituto de la compensación por desempleo, vea el capítulo 12 . State return tax form 2013 Planes de jubilación y de participación en las ganancias. State return tax form 2013   Si recibe pagos de un plan de jubilación o de participación en las ganancias que no provee jubilación por incapacidad, no declare los pagos como pensión por incapacidad. State return tax form 2013 Los pagos tienen que ser declarados como una pensión o anualidad. State return tax form 2013 Para más información sobre las pensiones, vea el capítulo 10 . State return tax form 2013 Pago por vacaciones acumuladas. State return tax form 2013   Si se jubila por incapacidad, todo pago global que reciba por vacaciones acumuladas se considera pago de sueldo. State return tax form 2013 Este pago no es un pago por incapacidad. State return tax form 2013 Inclúyalo en sus ingresos en el año tributario en que lo reciba. State return tax form 2013 Pensiones Militares y Gubernamentales por Incapacidad Algunas pensiones militares y gubernamentales por incapacidad no están sujetas a impuestos. State return tax form 2013 Incapacidad por servicio gubernamental. State return tax form 2013  
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The State Return Tax Form 2013

State return tax form 2013 Publication 523 - Main Content Table of Contents Main HomeVacant land. State return tax form 2013 Factors used to determine main home. State return tax form 2013 Figuring Gain or LossSelling Price Amount Realized Adjusted Basis Amount of Gain or Loss Dispositions Other Than Sales Determining BasisCost As Basis Basis Other Than Cost Adjusted Basis Excluding the GainMaximum Exclusion Ownership and Use Tests Reduced Maximum Exclusion Nonqualified Use Business Use or Rental of HomeUnrecaptured section 1250 gain. State return tax form 2013 Property Used Partly for Business or Rental Reporting the SaleSeller-financed mortgage. State return tax form 2013 Individual taxpayer identification number (ITIN). State return tax form 2013 More information. State return tax form 2013 Comprehensive Examples Special SituationsException for sales to related persons. State return tax form 2013 Deducting Taxes in the Year of SaleForm 1099-S. State return tax form 2013 More information. State return tax form 2013 Recapturing (Paying Back) a Federal Mortgage Subsidy Recapture of First-Time Homebuyer CreditExample. State return tax form 2013 Worksheets How To Get Tax HelpLow Income Taxpayer Clinics Main Home This section explains the term “main home. State return tax form 2013 ” Usually, the home you live in most of the time is your main home and can be a: House, Houseboat, Mobile home, Cooperative apartment, or Condominium. State return tax form 2013 To exclude gain under the rules in this publication, you in most cases must have owned and lived in the property as your main home for at least 2 years during the 5-year period ending on the date of sale. State return tax form 2013 Land. State return tax form 2013   If you sell the land on which your main home is located, but not the house itself, you cannot exclude any gain you have from the sale of the land. State return tax form 2013 Example. State return tax form 2013 You buy a piece of land and move your main home to it. State return tax form 2013 Then, you sell the land on which your main home was located. State return tax form 2013 This sale is not considered a sale of your main home, and you cannot exclude any gain on the sale of the land. State return tax form 2013 Vacant land. State return tax form 2013   The sale of vacant land is not a sale of your main home unless: The vacant land is adjacent to land containing your home, You owned and used the vacant land as part of your main home, The separate sale of your home satisfies the requirements for exclusion and occurs within 2 years before or 2 years after the date of the sale of the vacant land, and The other requirements for excluding gain from the sale of a main home have been satisfied with respect to the vacant land. State return tax form 2013 If these requirements are met, the sale of the home and the sale of the vacant land are treated as one sale and only one maximum exclusion can be applied to any gain. State return tax form 2013 See Excluding the Gain , later. State return tax form 2013 The destruction of your home is treated as a sale of your home. State return tax form 2013 As a result, you may be able to meet these requirements if you sell vacant land used as a part of your main home within 2 years from the date of the destruction of your main home. State return tax form 2013 For information, see Publication 547. State return tax form 2013 More than one home. State return tax form 2013   If you have more than one home, you can exclude gain only from the sale of your main home. State return tax form 2013 You must include in income the gain from the sale of any other home. State return tax form 2013 If you have two homes and live in each of them, your main home is ordinarily the one you live in most of the time during the year. State return tax form 2013 Example 1. State return tax form 2013 You own two homes, one in New York and one in Florida. State return tax form 2013 From 2009 through 2013, you live in the New York home for 7 months and in the Florida residence for 5 months of each year. State return tax form 2013 In the absence of facts and circumstances indicating otherwise, the New York home is your main home. State return tax form 2013 You would be eligible to exclude the gain from the sale of the New York home but not of the Florida home in 2013. State return tax form 2013 Example 2. State return tax form 2013 You own a house, but you live in another house that you rent. State return tax form 2013 The rented house is your main home. State return tax form 2013 Example 3. State return tax form 2013 You own two homes, one in Virginia and one in New Hampshire. State return tax form 2013 In 2009 and 2010, you lived in the Virginia home. State return tax form 2013 In 2011 and 2012, you lived in the New Hampshire home. State return tax form 2013 In 2013, you lived again in the Virginia home. State return tax form 2013 Your main home in 2009, 2010, and 2013 is the Virginia home. State return tax form 2013 Your main home in 2011 and 2012 is the New Hampshire home. State return tax form 2013 You would be eligible to exclude gain from the sale of either home (but not both) in 2013. State return tax form 2013 Factors used to determine main home. State return tax form 2013   In addition to the amount of time you live in each home, other factors are relevant in determining which home is your main home. State return tax form 2013 Those factors include the following. State return tax form 2013 Your place of employment. State return tax form 2013 The location of your family members' main home. State return tax form 2013 Your mailing address for bills and correspondence. State return tax form 2013 The address listed on your: Federal and state tax returns, Driver's license, Car registration, and Voter registration card. State return tax form 2013 The location of the banks you use. State return tax form 2013 The location of recreational clubs and religious organizations of which you are a member. State return tax form 2013 Property used partly as your main home. State return tax form 2013   If you use only part of the property as your main home, the rules discussed in this publication apply only to the gain or loss on the sale of that part of the property. State return tax form 2013 For details, see Business Use or Rental of Home , later. State return tax form 2013 Figuring Gain or Loss To figure the gain or loss on the sale of your main home, you must know the selling price, the amount realized, and the adjusted basis. State return tax form 2013 Subtract the adjusted basis from the amount realized to get your gain or loss. State return tax form 2013     Selling price     − Selling expenses       Amount realized     − Adjusted basis       Gain or loss   Gain. State return tax form 2013   Gain is the excess of the amount realized over the adjusted basis of the property. State return tax form 2013 Loss. State return tax form 2013   Loss is the excess of the adjusted basis over the amount realized for the property. State return tax form 2013 Selling Price The selling price is the total amount you receive for your home. State return tax form 2013 It includes money and the fair market value of any other property or any other services you receive and all notes, mortgages or other debts assumed by the buyer as part of the sale. State return tax form 2013 Personal property. State return tax form 2013   The selling price of your home does not include amounts you received for personal property sold with your home. State return tax form 2013 Personal property is property that is not a permanent part of the home. State return tax form 2013 Examples are furniture, draperies, rugs, a washer and dryer, and lawn equipment. State return tax form 2013 Separately stated amounts you received for these items should not be shown on Form 1099-S (discussed later). State return tax form 2013 Any gains from sales of personal property must be included in your income, but not as part of the sale of your home. State return tax form 2013 Payment by employer. State return tax form 2013   You may have to sell your home because of a job transfer. State return tax form 2013 If your employer pays you for a loss on the sale or for your selling expenses, do not include the payment as part of the selling price. State return tax form 2013 Your employer will include it as wages in box 1 of your Form W-2 and you will include it in your income on Form 1040, line 7, or on Form 1040NR, line 8. State return tax form 2013 Option to buy. State return tax form 2013   If you grant an option to buy your home and the option is exercised, add the amount you receive for the option to the selling price of your home. State return tax form 2013 If the option is not exercised, you must report the amount as ordinary income in the year the option expires. State return tax form 2013 Report this amount on Form 1040, line 21, or on Form 1040NR, line 21. State return tax form 2013 Form 1099-S. State return tax form 2013   If you received Form 1099-S, box 2 (gross proceeds) should show the total amount you received for your home. State return tax form 2013   However, box 2 will not include the fair market value of any services or property other than cash or notes you received or will receive. State return tax form 2013 Instead, box 4 will be checked to indicate your receipt or expected receipt of these items. State return tax form 2013 Amount Realized The amount realized is the selling price minus selling expenses. State return tax form 2013 Selling expenses. State return tax form 2013   Selling expenses include: Commissions, Advertising fees, Legal fees, and Loan charges paid by the seller, such as loan placement fees or “points. State return tax form 2013 ” Adjusted Basis While you owned your home, you may have made adjustments (increases or decreases) to the basis. State return tax form 2013 This adjusted basis must be determined before you can figure gain or loss on the sale of your home. State return tax form 2013 For information on how to figure your home's adjusted basis, see Determining Basis , later. State return tax form 2013 Amount of Gain or Loss To figure the amount of gain or loss, compare the amount realized to the adjusted basis. State return tax form 2013 Gain on sale. State return tax form 2013   If the amount realized is more than the adjusted basis, the difference is a gain and, except for any part you can exclude, generally is taxable. State return tax form 2013 Loss on sale. State return tax form 2013   If the amount realized is less than the adjusted basis, the difference is a loss. State return tax form 2013 Generally, a loss on the sale of your main home cannot be deducted. State return tax form 2013 Jointly owned home. State return tax form 2013   If you and your spouse sell your jointly owned home and file a joint return, you figure your gain or loss as one taxpayer. State return tax form 2013 Separate returns. State return tax form 2013   If you file separate returns, each of you must figure your own gain or loss according to your ownership interest in the home. State return tax form 2013 Your ownership interest is generally determined by state law. State return tax form 2013 Joint owners not married. State return tax form 2013   If you and a joint owner other than your spouse sell your jointly owned home, each of you must figure your own gain or loss according to your ownership interest in the home. State return tax form 2013 Each of you applies the rules discussed in this publication on an individual basis. State return tax form 2013 Dispositions Other Than Sales Some special rules apply to other dispositions of your main home. State return tax form 2013 Foreclosure or repossession. State return tax form 2013   If your home was foreclosed on or repossessed, you have a disposition. State return tax form 2013 See Publication 4681 to determine if you have ordinary income, gain, or loss. State return tax form 2013 More information. State return tax form 2013   If part of a home is used for business or rental purposes, see Foreclosures and Repossessions in chapter 1 of Publication 544 for more information. State return tax form 2013 Publication 544 has examples of how to figure gain or loss on a foreclosure or repossession. State return tax form 2013 Abandonment. State return tax form 2013   If you abandon your home, see Publication 4681 to determine if you have ordinary income, gain, or loss. State return tax form 2013 Trading (exchanging) homes. State return tax form 2013   If you trade your home for another home, treat the trade as a sale and a purchase. State return tax form 2013 Example. State return tax form 2013 You owned and lived in a home with an adjusted basis of $41,000. State return tax form 2013 A real estate dealer accepted your old home as a trade-in and allowed you $50,000 toward a new home priced at $80,000. State return tax form 2013 This is treated as a sale of your old home for $50,000 with a gain of $9,000 ($50,000 − $41,000). State return tax form 2013 If the dealer had allowed you $27,000 and assumed your unpaid mortgage of $23,000 on your old home, your sales price would still be $50,000 (the $27,000 trade-in allowed plus the $23,000 mortgage assumed). State return tax form 2013 Transfer to spouse. State return tax form 2013   If you transfer your home to your spouse or you transfer it to your former spouse incident to your divorce, you in most cases have no gain or loss (unless the Exception, discussed next, applies). State return tax form 2013 This is true even if you receive cash or other consideration for the home. State return tax form 2013 As a result, the rules explained in this publication do not apply. State return tax form 2013   If you owned your home jointly with your spouse and transfer your interest in the home to your spouse, or to your former spouse incident to your divorce, the same rule applies. State return tax form 2013 You have no gain or loss. State return tax form 2013 Exception. State return tax form 2013   These transfer rules do not apply if your spouse or former spouse is a nonresident alien. State return tax form 2013 In that case, you generally will have a gain or loss. State return tax form 2013 More information. State return tax form 2013    See Property Settlements in Publication 504, Divorced or Separated Individuals, for more information. State return tax form 2013 Involuntary conversion. State return tax form 2013   You have a disposition when your home is destroyed or condemned and you receive other property or money in payment, such as insurance or a condemnation award. State return tax form 2013 This is treated as a sale and you may be able to exclude all or part of any gain from the destruction or condemnation of your home, as explained later under Special Situations (see Home destroyed or condemned ). State return tax form 2013 Determining Basis You need to know your basis in your home to figure any gain or loss when you sell it. State return tax form 2013 Your basis in your home is determined by how you got the home. State return tax form 2013 Generally, your basis is its cost if you bought it or built it. State return tax form 2013 If you got it in some other way (inheritance, gift, etc. State return tax form 2013 ), your basis is generally either its fair market value when you received it or the adjusted basis of the previous owner. State return tax form 2013 While you owned your home, you may have made adjustments (increases or decreases) to your home's basis. State return tax form 2013 The result of these adjustments is your home's adjusted basis, which is used to figure gain or loss on the sale of your home. State return tax form 2013 To figure your adjusted basis, you can use Worksheet 1, near the end of this publication. State return tax form 2013 Filled-in examples of that worksheet are included in the Comprehensive Examples , later. State return tax form 2013 Cost As Basis The cost of property is the amount you paid for it in cash, debt obligations, other property, or services. State return tax form 2013 Purchase. State return tax form 2013   If you bought your home, your basis is its cost to you. State return tax form 2013 This includes the purchase price and certain settlement or closing costs. State return tax form 2013 In most cases, your purchase price includes your down payment and any debt, such as a first or second mortgage or notes you gave the seller in payment for the home. State return tax form 2013 If you build, or contract to build, a new home, your purchase price can include costs of construction, as discussed later. State return tax form 2013 Seller-paid points. State return tax form 2013   If the person who sold you your home paid points on your loan, you may have to reduce your home's basis by the amount of the points, as shown in the following chart. State return tax form 2013    IF you bought your home. State return tax form 2013 . State return tax form 2013 . State return tax form 2013 THEN reduce your home's basis by the seller-paid points. State return tax form 2013 . State return tax form 2013 . State return tax form 2013 after 1990 but before April 4, 1994 only if you deducted them as home mortgage interest in the year paid. State return tax form 2013 after April 3, 1994 even if you did not deduct them. State return tax form 2013 Settlement fees or closing costs. State return tax form 2013   When you bought your home, you may have paid settlement fees or closing costs in addition to the contract price of the property. State return tax form 2013 You can include in your basis some of the settlement fees and closing costs you paid for buying the home, but not the fees and costs for getting a mortgage loan. State return tax form 2013 A fee paid for buying the home is any fee you would have had to pay even if you paid cash for the home (that is, without the need for financing). State return tax form 2013   Settlement fees do not include amounts placed in escrow for the future payment of items such as taxes and insurance. State return tax form 2013   Some of the settlement fees or closing costs that you can include in your basis are: Abstract fees (abstract of title fees), Charges for installing utility services, Legal fees (including fees for the title search and preparing the sales contract and deed), Recording fees, Survey fees, Transfer or stamp taxes, Owner's title insurance, and Any amounts the seller owes that you agree to pay, such as: Certain real estate taxes (discussed later), Back interest, Recording or mortgage fees, Charges for improvements or repairs, and Sales commissions. State return tax form 2013   Some settlement fees and closing costs you cannot include in your basis are: Fire insurance premiums, Rent for occupancy of the house before closing, Charges for utilities or other services related to occupancy of the house before closing, Any fee or cost that you deducted as a moving expense (allowed for certain fees and costs before 1994), Charges connected with getting a mortgage loan, such as: Mortgage insurance premiums (including funding fees connected with loans guaranteed by the Department of Veterans Affairs), Loan assumption fees, Cost of a credit report, Fee for an appraisal required by a lender, and Fees for refinancing a mortgage. State return tax form 2013 Real estate taxes. State return tax form 2013   Real estate taxes for the year you bought your home may affect your basis, as shown in the following chart. State return tax form 2013    IF. State return tax form 2013 . State return tax form 2013 . State return tax form 2013 AND. State return tax form 2013 . State return tax form 2013 . State return tax form 2013 THEN the taxes. State return tax form 2013 . State return tax form 2013 . State return tax form 2013 you pay taxes that the seller owed on the home up to the date of sale the seller does not reimburse you are added to the basis of your home. State return tax form 2013 the seller reimburses you do not affect the basis of your home. State return tax form 2013 the seller pays taxes for you (taxes owed beginning on the date of sale) you do not reimburse the seller are subtracted from the basis of your home. State return tax form 2013 you reimburse the seller do not affect the basis of your home. State return tax form 2013 Construction. State return tax form 2013   If you contracted to have your house built on land you own, your basis is: The cost of the land, plus The amount it cost you to complete the house, including: The cost of labor and materials, Any amounts paid to a contractor, Any architect's fees, Building permit charges, Utility meter and connection charges, and Legal fees directly connected with building the house. State return tax form 2013   Your cost includes your down payment and any debt such as a first or second mortgage or notes you gave the seller or builder. State return tax form 2013 It also includes certain settlement or closing costs. State return tax form 2013 You may have to reduce your basis by points the seller paid for you. State return tax form 2013 For more information, see Seller-paid points and Settlement fees or closing costs , earlier. State return tax form 2013 Built by you. State return tax form 2013   If you built all or part of your house yourself, its basis is the total amount it cost you to complete it. State return tax form 2013 Do not include in the cost of the house: The value of your own labor, or The value of any other labor you did not pay for. State return tax form 2013 Temporary housing. State return tax form 2013   If a builder gave you temporary housing while your home was being finished, you must reduce your basis by the part of the contract price that was for the temporary housing. State return tax form 2013 To figure the amount of the reduction, multiply the contract price by a fraction. State return tax form 2013 The numerator is the value of the temporary housing, and the denominator is the sum of the value of the temporary housing plus the value of the new home. State return tax form 2013 Cooperative apartment. State return tax form 2013   If you are a tenant-stockholder in a cooperative housing corporation, your basis in the cooperative apartment used as your home is usually the cost of your stock in the corporation. State return tax form 2013 This may include your share of a mortgage on the apartment building. State return tax form 2013 Condominium. State return tax form 2013   To determine your basis in a condominium apartment used as your home, use the same rules as for any other home. State return tax form 2013 Basis Other Than Cost You must use a basis other than cost, such as adjusted basis or fair market value, if you received your home as a gift, inheritance, a trade, or from your spouse. State return tax form 2013 These situations are discussed in the following pages. State return tax form 2013 Also, the instructions for Worksheet 1 (near the end of the publication) address each of these issues. State return tax form 2013 Other special rules may apply in certain situations. State return tax form 2013 If you converted the property, or some part of it, to business or rental use, see Property Changed to Business or Rental Use, in Publication 551. State return tax form 2013 Home received as gift. State return tax form 2013   Use the following chart to find the basis of a home you received as a gift. State return tax form 2013 IF the donor's adjusted basis at the time of the gift was. State return tax form 2013 . State return tax form 2013 . State return tax form 2013 THEN your basis is. State return tax form 2013 . State return tax form 2013 . State return tax form 2013 more than the fair market value of the home at that time the same as the donor's adjusted basis at the time of the gift. State return tax form 2013   Exception: If using the donor's adjusted basis results in a loss when you sell the home, you must use the fair market value of the home at the time of the gift as your basis. State return tax form 2013 If using the fair market value results in a gain, you have neither gain nor loss. State return tax form 2013 equal to or less than the fair market value at that time, and you received the gift before 1977 the smaller of the: • donor's adjusted basis, plus  any federal gift tax paid on  the gift, or • the home's fair market value  at the time of the gift. State return tax form 2013 equal to or less than the fair market value at that time, and you received the gift after 1976 the same as the donor's adjusted basis, plus the part of any federal gift tax paid that is due to the net increase in value of the home (explained next). State return tax form 2013 Fair market value. State return tax form 2013   The fair market value of property at the time of the gift is the value of the property as appraised for purposes of the federal gift tax. State return tax form 2013 If the gift was not subject to the federal gift tax, the fair market value is the value as appraised for the purposes of a state gift tax. State return tax form 2013 Part of federal gift tax due to net increase in value. State return tax form 2013   Figure the part of the federal gift tax paid that is due to the net increase in value of the home by multiplying the total federal gift tax paid by a fraction. State return tax form 2013 The numerator of the fraction is the net increase in the value of the home, and the denominator is the value of the home for gift tax purposes after reduction by any annual exclusion and marital or charitable deduction that applies to the gift. State return tax form 2013 The net increase in the value of the home is its fair market value minus the donor's adjusted basis immediately before the gift. State return tax form 2013 Home acquired from a decedent who died before or after 2010. State return tax form 2013   If you inherited your home from a decedent who died before or after 2010, your basis is the fair market value of the property on the date of the decedent's death (or the later alternate valuation date chosen by the personal representative of the estate). State return tax form 2013 If an estate tax return was filed or required to be filed, the value of the property listed on the estate tax return is your basis. State return tax form 2013 If a federal estate tax return did not have to be filed, your basis in the home is the same as its appraised value at the date of death, for purposes of state inheritance or transmission taxes. State return tax form 2013 Surviving spouse. State return tax form 2013   If you are a surviving spouse and you owned your home jointly, your basis in the home will change. State return tax form 2013 The new basis for the interest your spouse owned will be its fair market value on the date of death (or alternate valuation date). State return tax form 2013 The basis in your interest will remain the same. State return tax form 2013 Your new basis in the home is the total of these two amounts. State return tax form 2013   If you and your spouse owned the home either as tenants by the entirety or as joint tenants with right of survivorship, you will each be considered to have owned one-half of the home. State return tax form 2013 Example. State return tax form 2013 Your jointly owned home (owned as joint tenants with right of survivorship) had an adjusted basis of $50,000 on the date of your spouse's death, and the fair market value on that date was $100,000. State return tax form 2013 Your new basis in the home is $75,000 ($25,000 for one-half of the adjusted basis plus $50,000 for one-half of the fair market value). State return tax form 2013 Community property. State return tax form 2013   In community property states (Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin), each spouse is usually considered to own half of the community property. State return tax form 2013 When either spouse dies, the total fair market value of the community property becomes the basis of the entire property, including the part belonging to the surviving spouse. State return tax form 2013 For this to apply, at least half the value of the community property interest must be includible in the decedent's gross estate, whether or not the estate must file a return. State return tax form 2013   For more information about community property, see Publication 555, Community Property. State return tax form 2013    If you are selling a home in which you acquired an interest from a decedent who died in 2010, see Publication 4895, Tax Treatment of Property Acquired From a Decedent Dying in 2010, to determine your basis. State return tax form 2013 Home received as trade. State return tax form 2013   If you acquired your home as a trade for other property, in most cases, the basis of your home is the fair market value (at the time of the trade) of the property you gave up. State return tax form 2013 If you traded one home for another, you have made a sale and purchase. State return tax form 2013 In that case, you may have a gain. State return tax form 2013 See Trading (exchanging) homes under Dispositions Other Than Sales, earlier, for an example of figuring the gain. State return tax form 2013 Home received from spouse. State return tax form 2013   If you received your home from your spouse or from your former spouse incident to your divorce, your basis in the home depends on the date of the transfer. State return tax form 2013 Transfers after July 18, 1984. State return tax form 2013   If you received the home after July 18, 1984, there was no gain or loss on the transfer. State return tax form 2013 In most cases, your basis in this home is the same as your spouse's (or former spouse's) adjusted basis just before you received it. State return tax form 2013 This rule applies even if you received the home in exchange for cash, the release of marital rights, the assumption of liabilities, or other considerations. State return tax form 2013   If you owned a home jointly with your spouse and your spouse transferred his or her interest in the home to you, in most cases, your basis in the half interest received from your spouse is the same as your spouse's adjusted basis just before the transfer. State return tax form 2013 This also applies if your former spouse transferred his or her interest in the home to you incident to your divorce. State return tax form 2013 Your basis in the half interest you already owned does not change. State return tax form 2013 Your new basis in the home is the total of these two amounts. State return tax form 2013 Transfers before July 19, 1984. State return tax form 2013   If you received your home before July 19, 1984, in exchange for your release of marital rights, in most cases, your basis in the home is generally its fair market value at the time you received it. State return tax form 2013 More information. State return tax form 2013   For more information on property received from a spouse or former spouse, see Property Settlements in Publication 504. State return tax form 2013 Involuntary conversion. State return tax form 2013   If your home is destroyed or condemned, you may receive insurance proceeds or a condemnation award. State return tax form 2013 If you acquired a replacement home with these proceeds, the basis is its cost decreased by any gain not recognized on the conversion under the rules explained in: Publication 547, in the case of a home that was destroyed, or Chapter 1 of Publication 544, in the case of a home that was condemned. State return tax form 2013 Example. State return tax form 2013 A fire destroyed your home that you owned and used for only 6 months. State return tax form 2013 The home had an adjusted basis of $80,000 and the insurance company paid you $130,000 for the loss. State return tax form 2013 Your gain is $50,000 ($130,000 − $80,000). State return tax form 2013 You bought a replacement home for $100,000. State return tax form 2013 The part of your gain that is taxable is $30,000 ($130,000 − $100,000), the unspent part of the payment from the insurance company. State return tax form 2013 The rest of the gain ($20,000) is not taxable, so that amount reduces your basis in the new home. State return tax form 2013 The basis of the new home is figured as follows. State return tax form 2013 Cost of replacement home $100,000 Minus: Gain not recognized 20,000 Basis of the replacement home $80,000 More information. State return tax form 2013   For more information about basis, see Publication 551. State return tax form 2013 Adjusted Basis Adjusted basis is your cost or other basis increased or decreased by certain amounts. State return tax form 2013 To figure your adjusted basis, you can use Worksheet 1, found toward the end of this publication. State return tax form 2013 Filled-in examples of that worksheet are included in Comprehensive Examples , later. State return tax form 2013 Recordkeeping. State return tax form 2013 You should keep records to prove your home's adjusted basis. State return tax form 2013 Ordinarily, you must keep records for 3 years after the due date for filing your return for the tax year in which you sold your home. State return tax form 2013 But if you sold a home before May 7, 1997, and postponed tax on any gain, the basis of that home affects the basis of the new home you bought. State return tax form 2013 Keep records proving the basis of both homes as long as they are needed for tax purposes. State return tax form 2013 The records you should keep include: Proof of the home's purchase price and purchase expenses; Receipts and other records for all improvements, additions, and other items that affect the home's adjusted basis; Any worksheets or other computations you used to figure the adjusted basis of the home you sold, the gain or loss on the sale, the exclusion, and the taxable gain; Any Form 982 you filed to exclude any discharge of qualified principal residence indebtedness; Any Form 2119, Sale of Your Home, you filed to postpone gain from the sale of a previous home before May 7, 1997; and Any worksheets you used to prepare Form 2119, such as the Adjusted Basis of Home Sold Worksheet or the Capital Improvements Worksheet from the Form 2119 instructions, or other source of computations. State return tax form 2013 Increases to Basis These include the following. State return tax form 2013 Additions and other improvements that have a useful life of more than 1 year. State return tax form 2013 Special assessments for local improvements. State return tax form 2013 Amounts you spent after a casualty to restore damaged property. State return tax form 2013 Improvements. State return tax form 2013   These add to the value of your home, prolong its useful life, or adapt it to new uses. State return tax form 2013 You add the cost of additions and other improvements to the basis of your property. State return tax form 2013   The following chart lists some other examples of improvements. State return tax form 2013 Examples of Improvements That Increase Basis Additions Bedroom Bathroom Deck Garage Porch Patio Heating & Air Conditioning Heating system Central air conditioning Furnace Duct work Central humidifier Filtration system Lawn & Grounds Landscaping Driveway Walkway Fence  Retaining wall Sprinkler system Swimming pool  Miscellaneous Storm windows, doors New roof Central vacuum Wiring upgrades Satellite dish Security system  Plumbing Septic system Water heater Soft water system Filtration system  Interior Improvements Built-in appliances  Kitchen modernization  Flooring Wall-to-wall carpeting  Insulation Attic Walls Floors Pipes and duct work Improvements no longer part of home. State return tax form 2013   Your home's adjusted basis does not include the cost of any improvements that are replaced and are no longer part of the home. State return tax form 2013 Example. State return tax form 2013 You put wall-to-wall carpeting in your home 15 years ago. State return tax form 2013 Later, you replaced that carpeting with new wall-to-wall carpeting. State return tax form 2013 The cost of the old carpeting you replaced is no longer part of your home's adjusted basis. State return tax form 2013 Repairs. State return tax form 2013   These maintain your home in good condition but do not add to its value or prolong its life. State return tax form 2013 You do not add their cost to the basis of your property. State return tax form 2013 Examples. State return tax form 2013 Repainting your house inside or outside, fixing your gutters or floors, repairing leaks or plastering, and replacing broken window panes are examples of repairs. State return tax form 2013 Exception. State return tax form 2013   The entire job is considered an improvement if items that would otherwise be considered repairs are done as part of an extensive remodeling or restoration of your home. State return tax form 2013 For example, if you have a casualty and your home is damaged, increase your basis by the amount you spend on repairs that restore the property to its pre-casualty condition. State return tax form 2013 Decreases to Basis These include the following. State return tax form 2013 Discharge of qualified principal residence indebtedness that was excluded from income (but not below zero). State return tax form 2013 For details, see Publication 4681. State return tax form 2013 Some or all of the cancellation of debt income that was excluded due to your bankruptcy or insolvency. State return tax form 2013 For details, see Publication 4681. State return tax form 2013 Gain you postponed from the sale of a previous home before May 7, 1997. State return tax form 2013 Deductible casualty losses. State return tax form 2013 Insurance payments you received or expect to receive for casualty losses. State return tax form 2013 Payments you received for granting an easement or right-of-way. State return tax form 2013 Depreciation allowed or allowable if you used your home for business or rental purposes. State return tax form 2013 Energy-related credits allowed for expenditures made on the residence. State return tax form 2013 (Reduce the increase in basis otherwise allowable for expenditures on the residence by the amount of credit allowed for those expenditures. State return tax form 2013 ) Adoption credit you claimed for improvements added to the basis of your home. State return tax form 2013 Nontaxable payments from an adoption assistance program of your employer you used for improvements you added to the basis of your home. State return tax form 2013 Energy conservation subsidy excluded from your gross income because you received it (directly or indirectly) from a public utility after 1992 to buy or install any energy conservation measure. State return tax form 2013 An energy conservation measure is an installation or modification primarily designed either to reduce consumption of electricity or natural gas or to improve the management of energy demand for a home. State return tax form 2013 District of Columbia first-time homebuyer credit allowed on the purchase of a principal residence in the District of Columbia. State return tax form 2013 General sales taxes claimed as an itemized deduction on Schedule A (Form 1040) that were imposed on the purchase of personal property, such as a houseboat used as your home or a mobile home. State return tax form 2013 Discharges of qualified principal residence indebtedness. State return tax form 2013   You may be able to exclude from gross income a discharge of qualified principal residence indebtedness. State return tax form 2013 This exclusion applies to discharges made after 2006 and before 2014. State return tax form 2013 If you choose to exclude this income, you must reduce (but not below zero) the basis of your principal residence by the amount excluded from gross income. State return tax form 2013   File Form 982 with your tax return. State return tax form 2013 See the form's instructions for detailed information. State return tax form 2013    A decrease in basis due to a discharge of qualified principal residence indebtedness that is excluded from income occurs only if you retain ownership of the principal residence after a discharge. State return tax form 2013 In most cases, this would occur in a refinancing or a restructuring of the mortgage. State return tax form 2013 Excluding the Gain You may qualify to exclude from your income all or part of any gain from the sale of your main home. State return tax form 2013 This means that, if you qualify, you will not have to pay tax on the gain up to the limit described under Maximum Exclusion , next. State return tax form 2013 To qualify, you must meet the ownership and use tests described later. State return tax form 2013 You can choose not to take the exclusion by including the gain from the sale in your gross income on your tax return for the year of the sale. State return tax form 2013 This choice can be made (or revoked) at any time before the expiration of a 3-year period beginning on the due date of your return (not including extensions) for the year of the sale. State return tax form 2013 You can use Worksheet 2 (near the end of this publication) to figure the amount of your exclusion and your taxable gain, if any. State return tax form 2013 If you have any taxable gain from the sale of your home, you may have to increase your withholding or make estimated tax payments. State return tax form 2013 See Publication 505, Tax Withholding and Estimated Tax. State return tax form 2013 Maximum Exclusion You can exclude up to $250,000 of the gain (other than gain allocated to periods of nonqualified use) on the sale of your main home if all of the following are true. State return tax form 2013 You meet the ownership test. State return tax form 2013 You meet the use test. State return tax form 2013 During the 2-year period ending on the date of the sale, you did not exclude gain from the sale of another home. State return tax form 2013 For details on gain allocated to periods of nonqualified use, see Nonqualified Use , later. State return tax form 2013 If you and another person owned the home jointly but file separate returns, each of you can exclude up to $250,000 of gain from the sale of your interest in the home if each of you meets the three conditions just listed. State return tax form 2013 You may be able to exclude up to $500,000 of the gain (other than gain allocated to periods of nonqualified use) on the sale of your main home if you are married and file a joint return and meet the requirements listed in the discussion of the special rules for joint returns, later, under Married Persons . State return tax form 2013 Ownership and Use Tests To claim the exclusion, you must meet the ownership and use tests. State return tax form 2013 This means that during the 5-year period ending on the date of the sale, you must have: Owned the home for at least 2 years (the ownership test), and Lived in the home as your main home for at least 2 years (the use test). State return tax form 2013 Exception. State return tax form 2013   If you owned and lived in the property as your main home for less than 2 years, you can still claim an exclusion in some cases. State return tax form 2013 However, the maximum amount you may be able to exclude will be reduced. State return tax form 2013 See Reduced Maximum Exclusion , later. State return tax form 2013 Example 1—home owned and occupied for at least 2 years. State return tax form 2013 Mya bought and moved into her main home in September 2011. State return tax form 2013 She sold the home at a gain in October 2013. State return tax form 2013 During the 5-year period ending on the date of sale in October 2013, she owned and lived in the home for more than 2 years. State return tax form 2013 She meets the ownership and use tests. State return tax form 2013 Example 2—ownership test met but use test not met. State return tax form 2013 Ayden bought a home, lived in it for 6 months, moved out, and never occupied the home again. State return tax form 2013 He later sold the home for a gain in June 2013. State return tax form 2013 He owned the home during the entire 5-year period ending on the date of sale. State return tax form 2013 He meets the ownership test but not the use test. State return tax form 2013 He cannot exclude any part of his gain on the sale unless he qualified for a reduced maximum exclusion (explained later). State return tax form 2013 Period of Ownership and Use The required 2 years of ownership and use during the 5-year period ending on the date of the sale do not have to be continuous nor do they both have to occur at the same time. State return tax form 2013 You meet the tests if you can show that you owned and lived in the property as your main home for either 24 full months or 730 days (365 × 2) during the 5-year period ending on the date of sale. State return tax form 2013 Example. State return tax form 2013 Naomi bought and moved into a house in July 2009. State return tax form 2013 She lived there for 13 months and then moved in with a friend. State return tax form 2013 She later moved back into her house and lived there for 12 months until she sold it in August 2013. State return tax form 2013 Naomi meets the ownership and use tests because, during the 5-year period ending on the date of sale, she owned the house for more than 2 years and lived in it for a total of 25 (13 + 12) months. State return tax form 2013 Temporary absence. State return tax form 2013   Short temporary absences for vacations or other seasonal absences, even if you rent out the property during the absences, are counted as periods of use. State return tax form 2013 The following examples assume that the reduced maximum exclusion (discussed later) does not apply to the sales. State return tax form 2013 Example 1. State return tax form 2013 David Johnson, who is single, bought and moved into his home on February 1, 2011. State return tax form 2013 Each year during 2011 and 2012, David left his home for a 2-month summer vacation. State return tax form 2013 David sold the house on March 1, 2013. State return tax form 2013 Although the total time David lived in his home is less than 2 years (21 months), he meets the use requirement and may exclude gain. State return tax form 2013 The 2-month vacations are short temporary absences and are counted as periods of use in determining whether David used the home for the required 2 years. State return tax form 2013 Example 2. State return tax form 2013 Professor Paul Beard, who is single, bought and moved into a house in December 2010, went abroad for a 1-year sabbatical leave in January 2012, returned to the house in January 2013, and sold it at a gain in February 2013. State return tax form 2013 Because his leave was not a short temporary absence, he cannot include the period of leave to meet the 2-year use test. State return tax form 2013 He cannot exclude any part of his gain because he did not use the residence for the required 2 years. State return tax form 2013 Ownership and use tests met at different times. State return tax form 2013   You can meet the ownership and use tests during different 2-year periods. State return tax form 2013 However, you must meet both tests during the 5-year period ending on the date of the sale. State return tax form 2013 Example. State return tax form 2013 Beginning in 2002, Helen Jones lived in a rented apartment. State return tax form 2013 The apartment building was later converted to condominiums, and she bought her same apartment on December 3, 2010. State return tax form 2013 In 2011, Helen became ill and on April 14 of that year she moved to her daughter's home. State return tax form 2013 On July 12, 2013, while still living in her daughter's home, she sold her condominium. State return tax form 2013 Helen can exclude gain on the sale of her condominium because she met the ownership and use tests during the 5-year period from July 13, 2008, to July 12, 2013, the date she sold the condominium. State return tax form 2013 She owned her condominium from December 3, 2010, to July 12, 2013 (more than 2 years). State return tax form 2013 She lived in the property from July 13, 2008 (the beginning of the 5-year period), to April 14, 2011 (more than 2 years). State return tax form 2013 The time Helen lived in her daughter's home during the 5-year period can be counted toward her period of ownership, and the time she lived in her rented apartment during the 5-year period can be counted toward her period of use. State return tax form 2013 Cooperative apartment. State return tax form 2013   If you sold stock as a tenant-shareholder in a cooperative housing corporation, the ownership and use tests are met if, during the 5-year period ending on the date of sale, you: Owned the stock for at least 2 years, and Lived in the house or apartment that the stock entitled you to occupy as your main home for at least 2 years. State return tax form 2013 Exceptions to Ownership and Use Tests The following sections contain exceptions to the ownership and use tests for certain taxpayers. State return tax form 2013 Exception for individuals with a disability. State return tax form 2013   There is an exception to the use test if: You become physically or mentally unable to care for yourself, and You owned and lived in your home as your main home for a total of at least 1 year during the 5-year period before the sale of your home. State return tax form 2013 Under this exception, you are considered to live in your home during any time within the 5-year period that you own the home and live in a facility (including a nursing home) licensed by a state or political subdivision to care for persons in your condition. State return tax form 2013   If you meet this exception to the use test, you still have to meet the 2-out-of-5-year ownership test to claim the exclusion. State return tax form 2013 Previous home destroyed or condemned. State return tax form 2013   For the ownership and use tests, you add the time you owned and lived in a previous home that was destroyed or condemned to the time you owned and lived in the replacement home on whose sale you wish to exclude gain. State return tax form 2013 This rule applies if any part of the basis of the home you sold depended on the basis of the destroyed or condemned home (see Involuntary Conversions in Publication 551). State return tax form 2013 Otherwise, you must have owned and lived in the same home for 2 of the 5 years before the sale to qualify for the exclusion. State return tax form 2013 Members of the uniformed services or Foreign Service, employees of the intelligence community, or employees or volunteers of the Peace Corps. State return tax form 2013   You can choose to have the 5-year test period for ownership and use suspended during any period you or your spouse serve on qualified official extended duty (defined later) as a member of the uniformed services or Foreign Service of the United States, or as an employee of the intelligence community. State return tax form 2013 You can choose to have the 5-year test period for ownership and use suspended during any period you or your spouse serve outside the United States either as an employee of the Peace Corps on qualified official extended duty (defined later) or as an enrolled volunteer or volunteer leader of the Peace Corps. State return tax form 2013 This means that you may be able to meet the 2-year use test even if, because of your service, you did not actually live in your home for at least the required 2 years during the 5-year period ending on the date of sale. State return tax form 2013   If this helps you qualify to exclude gain, you can choose to have the 5-year test period suspended by filing a return for the year of sale that does not include the gain. State return tax form 2013 Example. State return tax form 2013 John bought and moved into a home in 2005. State return tax form 2013 He lived in it as his main home for 2½ years. State return tax form 2013 For the next 6 years, he did not live in it because he was on qualified official extended duty with the Army. State return tax form 2013 He then sold the home at a gain in 2013. State return tax form 2013 To meet the use test, John chooses to suspend the 5-year test period for the 6 years he was on qualified official extended duty. State return tax form 2013 This means he can disregard those 6 years. State return tax form 2013 Therefore, John's 5-year test period consists of the 5 years before he went on qualified official extended duty. State return tax form 2013 He meets the ownership and use tests because he owned and lived in the home for 2½ years during this test period. State return tax form 2013 Period of suspension. State return tax form 2013   The period of suspension cannot last more than 10 years. State return tax form 2013 Together, the 10-year suspension period and the 5-year test period can be as long as, but no more than, 15 years. State return tax form 2013 You cannot suspend the 5-year period for more than one property at a time. State return tax form 2013 You can revoke your choice to suspend the 5-year period at any time. State return tax form 2013 Example. State return tax form 2013 Mary bought a home on April 1, 1997. State return tax form 2013 She used it as her main home until August 31, 2000. State return tax form 2013 On September 1, 2000, she went on qualified official extended duty with the Navy. State return tax form 2013 She did not live in the house again before selling it on July 31, 2013. State return tax form 2013 Mary chooses to use the entire 10-year suspension period. State return tax form 2013 Therefore, the suspension period would extend back from July 31, 2013, to August 1, 2003, and the 5-year test period would extend back to August 1, 1998. State return tax form 2013 During that period, Mary owned the house all 5 years and lived in it as her main home from August 1, 1998, until August 31, 2000, a period of more than 24 months. State return tax form 2013 She meets the ownership and use tests because she owned and lived in the home for at least 2 years during this test period. State return tax form 2013 Uniformed services. State return tax form 2013   The uniformed services are: The Armed Forces (the Army, Navy, Air Force, Marine Corps, and Coast Guard), The commissioned corps of the National Oceanic and Atmospheric Administration, and The commissioned corps of the Public Health Service. State return tax form 2013 Foreign Service member. State return tax form 2013   For purposes of the choice to suspend the 5-year test period for ownership and use, you are a member of the Foreign Service if you are any of the following. State return tax form 2013 A Chief of mission. State return tax form 2013 An Ambassador at large. State return tax form 2013 A member of the Senior Foreign Service. State return tax form 2013 A Foreign Service officer. State return tax form 2013 Part of the Foreign Service personnel. State return tax form 2013 Employee of the intelligence community. State return tax form 2013   For purposes of the choice to suspend the 5-year test period for ownership and use, you are an employee of the intelligence community if you are an employee of any of the following. State return tax form 2013 The Office of the Director of National Intelligence. State return tax form 2013 The Central Intelligence Agency. State return tax form 2013 The National Security Agency. State return tax form 2013 The Defense Intelligence Agency. State return tax form 2013 The National Geospatial-Intelligence Agency. State return tax form 2013 The National Reconnaissance Office and any other office within the Department of Defense for the collection of specialized national intelligence through reconnaissance programs. State return tax form 2013 Any of the intelligence elements of the Army, the Navy, the Air Force, the Marine Corps, the Federal Bureau of Investigation, the Department of Treasury, the Department of Energy, and the Coast Guard. State return tax form 2013 The Bureau of Intelligence and Research of the Department of State. State return tax form 2013 Any of the elements of the Department of Homeland Security concerned with the analyses of foreign intelligence information. State return tax form 2013 Qualified official extended duty. State return tax form 2013   You are on qualified official extended duty if you are on extended duty while: Serving at a duty station at least 50 miles from your main home, or Living in Government quarters under Government orders. State return tax form 2013   You are on extended duty when you are called or ordered to active duty for a period of more than 90 days or for an indefinite period. State return tax form 2013 Married Persons If you and your spouse file a joint return for the year of sale and one spouse meets the ownership and use tests, you can exclude up to $250,000 of the gain. State return tax form 2013 (But see Special rules for joint returns, next. State return tax form 2013 ) Special rules for joint returns. State return tax form 2013   You can exclude up to $500,000 of the gain on the sale of your main home if all of the following are true. State return tax form 2013 You are married and file a joint return for the year. State return tax form 2013 Either you or your spouse meets the ownership test. State return tax form 2013 Both you and your spouse meet the use test. State return tax form 2013 During the 2-year period ending on the date of the sale, neither you nor your spouse excluded gain from the sale of another home. State return tax form 2013 If either spouse does not satisfy all these requirements, the maximum exclusion that can be claimed by the couple is the total of the maximum exclusions that each spouse would qualify for if not married and the amounts were figured separately. State return tax form 2013 For this purpose, each spouse is treated as owning the property during the period that either spouse owned the property. State return tax form 2013 Example 1—one spouse sells a home. State return tax form 2013 Emily sells her home in June 2013 for a gain of $300,000. State return tax form 2013 She marries Jamie later in the year. State return tax form 2013 She meets the ownership and use tests, but Jamie does not. State return tax form 2013 Emily can exclude up to $250,000 of gain on a separate or joint return for 2013. State return tax form 2013 The $500,000 maximum exclusion for certain joint returns does not apply because Jamie does not meet the use test. State return tax form 2013 Example 2—each spouse sells a home. State return tax form 2013 The facts are the same as in Example 1 except that Jamie also sells a home in 2013 for a gain of $200,000 before he marries Emily. State return tax form 2013 He meets the ownership and use tests on his home, but Emily does not. State return tax form 2013 Emily can exclude $250,000 of gain and Jamie can exclude $200,000 of gain on the respective sales of their individual homes. State return tax form 2013 However, Emily cannot use Jamie's unused exclusion to exclude more than $250,000 of gain. State return tax form 2013 Therefore, Emily and Jamie must recognize $50,000 of gain on the sale of Emily's home. State return tax form 2013 The $500,000 maximum exclusion for certain joint returns does not apply because Emily and Jamie do not both meet the use test for the same home. State return tax form 2013 Sale of main home by surviving spouse. State return tax form 2013   If your spouse died and you did not remarry before the date of sale, you are considered to have owned and lived in the property as your main home during any period of time when your spouse owned and lived in it as a main home. State return tax form 2013   If you meet all of the following requirements, you may qualify to exclude up to $500,000 of any gain from the sale or exchange of your main home. State return tax form 2013 The sale or exchange took place after 2008. State return tax form 2013 The sale or exchange took place no more than 2 years after the date of death of your spouse. State return tax form 2013 You have not remarried. State return tax form 2013 You and your spouse met the use test at the time of your spouse's death. State return tax form 2013 You or your spouse met the ownership test at the time of your spouse's death. State return tax form 2013 Neither you nor your spouse excluded gain from the sale of another home during the last 2 years before the date of death. State return tax form 2013 The ownership and use tests were described earlier. State return tax form 2013 Example. State return tax form 2013 Harry owned and used a house as his main home since 2009. State return tax form 2013 Harry and Wilma married on July 1, 2013, and from that date they used Harry's house as their main home. State return tax form 2013 Harry died on August 15, 2013, and Wilma inherited the property. State return tax form 2013 Wilma sold the property on September 1, 2013, at which time she had not remarried. State return tax form 2013 Although Wilma owned and used the house for less than 2 years, Wilma is considered to have satisfied the ownership and use tests because her period of ownership and use includes the period that Harry owned and used the property before death. State return tax form 2013 Home transferred from spouse. State return tax form 2013   If your home was transferred to you by your spouse (or former spouse if the transfer was incident to divorce), you are considered to have owned it during any period of time when your spouse owned it. State return tax form 2013 Use of home after divorce. State return tax form 2013   You are considered to have used property as your main home during any period when: You owned it, and Your spouse or former spouse is allowed to live in it under a divorce or separation instrument and uses it as his or her main home. State return tax form 2013 Reduced Maximum Exclusion If you fail to meet the requirements to qualify for the $250,000 or $500,000 exclusion, you may still qualify for a reduced exclusion. State return tax form 2013 This applies to those who: Fail to meet the ownership and use tests, or Have used the exclusion within 2 years of selling their current home. State return tax form 2013 In both cases, to qualify for a reduced exclusion, the sale of your main home must be due to one of the following reasons. State return tax form 2013 A change in place of employment. State return tax form 2013 Health. State return tax form 2013 Unforeseen circumstances. State return tax form 2013 Qualified individual. State return tax form 2013   For purposes of the reduced maximum exclusion, a qualified individual is any of the following. State return tax form 2013 You. State return tax form 2013 Your spouse. State return tax form 2013 A co-owner of the home. State return tax form 2013 A person whose main home is the same as yours. State return tax form 2013 Primary reason for sale. State return tax form 2013   One of the three reasons above will be considered to be the primary reason you sold your home if either (1) or (2) is true. State return tax form 2013 You qualify under a “safe harbor. State return tax form 2013 ” This is a specific set of facts and circumstances that, if applicable, qualifies you to claim a reduced maximum exclusion. State return tax form 2013 Safe harbors corresponding to the reasons listed above are described later. State return tax form 2013 A safe harbor does not apply, but you can establish, based on facts and circumstances, that the primary reason for the sale is a change in place of employment, health, or unforeseen circumstances. State return tax form 2013  Factors that may be relevant in determining your primary reason for sale include whether: Your sale and the circumstances causing it were close in time, The circumstances causing your sale occurred during the time you owned and used the property as your main home, The circumstances causing your sale were not reasonably foreseeable when you began using the property as your main home, Your financial ability to maintain the property became materially impaired, The suitability of the property as your main home materially changed, and During the time you owned the property, you used it as your home. State return tax form 2013 Change in Place of Employment You may qualify for a reduced exclusion if the primary reason for the sale of your main home is a change in the location of employment of a qualified individual. State return tax form 2013 Employment. State return tax form 2013   For this purpose, employment includes the start of work with a new employer or continuation of work with the same employer. State return tax form 2013 It also includes the start or continuation of self-employment. State return tax form 2013 Distance safe harbor. State return tax form 2013   A change in place of employment is considered to be the reason you sold your home if: The change occurred during the period you owned and used the property as your main home, and The new place of employment is at least 50 miles farther from the home you sold than was the former place of employment (or, if there was no former place of employment, the distance between your new place of employment and the home sold is at least 50 miles). State return tax form 2013 Example. State return tax form 2013 Justin was unemployed and living in a townhouse in Florida he had owned and used as his main home since 2012. State return tax form 2013 He got a job in North Carolina and sold his townhouse in 2013. State return tax form 2013 Because the distance between Justin's new place of employment and the home he sold is at least 50 miles, the sale satisfies the conditions of the distance safe harbor. State return tax form 2013 Justin's sale of his home is considered to be because of a change in place of employment, and he is entitled to claim a reduced maximum exclusion of gain from the sale. State return tax form 2013 Health The sale of your main home is because of health if your primary reason for the sale is: To obtain, provide, or facilitate the diagnosis, cure, mitigation, or treatment of disease, illness, or injury of a qualified individual, or To obtain or provide medical or personal care for a qualified individual suffering from a disease, illness, or injury. State return tax form 2013 The sale of your home is not because of health if the sale merely benefits a qualified individual's general health or well-being. State return tax form 2013 For purposes of this reason, a qualified individual includes, in addition to the individuals listed earlier under Qualified individual , any of the following family members of these individuals. State return tax form 2013 Parent, grandparent, stepmother, stepfather. State return tax form 2013 Child, grandchild, stepchild, adopted child, eligible foster child. State return tax form 2013 Brother, sister, stepbrother, stepsister, half-brother, half-sister. State return tax form 2013 Mother-in-law, father-in-law, brother-in-law, sister-in-law, son-in-law, or daughter-in-law. State return tax form 2013 Uncle, aunt, nephew, niece, or cousin. State return tax form 2013 Example. State return tax form 2013 In 2012, Chase and Lauren, spouses, bought a house that they used as their main home. State return tax form 2013 Lauren's father has a chronic disease and is unable to care for himself. State return tax form 2013 In 2013, Chase and Lauren sold their home in order to move into Lauren's father's house to provide care for him. State return tax form 2013 Because the primary reason for the sale of their home was to provide care for Lauren's father, Chase and Lauren are entitled to a reduced maximum exclusion. State return tax form 2013 Doctor's recommendation safe harbor. State return tax form 2013   Health is considered to be the reason you sold your home if, for one or more of the reasons listed at the beginning of this discussion, a doctor recommends a change of residence. State return tax form 2013 Unforeseen Circumstances The sale of your main home is because of an unforeseen circumstance if your primary reason for the sale is the occurrence of an event that you could not reasonably have anticipated before buying and occupying that home. State return tax form 2013 You are not considered to have an unforeseen circumstance if the primary reason you sold your home was that you preferred to get a different home or because your finances improved. State return tax form 2013 Specific event safe harbors. State return tax form 2013   Unforeseen circumstances are considered to be the reason for selling your home if any of the following events occurred while you owned and used the property as your main home. State return tax form 2013 An involuntary conversion of your home, such as when your home is destroyed or condemned. State return tax form 2013 Natural or man-made disasters or acts of war or terrorism resulting in a casualty to your home, whether or not your loss is deductible. State return tax form 2013 In the case of qualified individuals (listed earlier under Qualified individual ): Death, Unemployment (if the individual is eligible for unemployment compensation), A change in employment or self-employment status that results in the individual's inability to pay reasonable basic living expenses (listed under Reasonable basic living expenses , later) for his or her household, Divorce or legal separation under a decree of divorce or separate maintenance, or Multiple births resulting from the same pregnancy. State return tax form 2013 An event the IRS determined to be an unforeseen circumstance in published guidance of general applicability. State return tax form 2013 For example, the IRS determined the September 11, 2001, terrorist attacks to be an unforeseen circumstance. State return tax form 2013 Reasonable basic living expenses. State return tax form 2013   Reasonable basic living expenses for your household include the following. State return tax form 2013 Amounts spent for food. State return tax form 2013 Amounts spent for clothing. State return tax form 2013 Housing and related expenses. State return tax form 2013 Medical expenses. State return tax form 2013 Transportation expenses. State return tax form 2013 Tax payments. State return tax form 2013 Court-ordered payments. State return tax form 2013 Expenses reasonably necessary to produce income. State return tax form 2013   Any of these amounts spent to maintain an affluent or luxurious standard of living are not reasonable basic living expenses. State return tax form 2013 Nonqualified Use Gain from the sale or exchange of the main home is not excludable from income if it is allocable to periods of nonqualified use. State return tax form 2013 Nonqualified use means any period after 2008 where neither you nor your spouse (or your former spouse) used the property as a main home, with certain exceptions (see next). State return tax form 2013 Exceptions. State return tax form 2013   A period of nonqualified use does not include: Any portion of the 5-year period ending on the date of the sale or exchange after the last date you (or your spouse) use the property as a main home; Any period (not to exceed an aggregate period of 10 years) during which you (or your spouse) are serving on qualified official extended duty: As a member of the uniformed services; As a member of the Foreign Service of the United States; or As an employee of the intelligence community; and Any other period of temporary absence (not to exceed an aggregate period of 2 years) due to change of employment, health conditions, or such other unforeseen circumstances as may be specified by the IRS. State return tax form 2013 Calculation. State return tax form 2013   To figure the portion of the gain allocated to the period of nonqualified use, multiply the gain (net of any depreciation allowed or allowable on the property for periods after May 6, 1997) by the following fraction:   Total nonqualified use during the period of ownership after 2008     Total period of ownership     This calculation can be found in Worksheet 2, line 10, later in this publication. State return tax form 2013   For examples of this calculation, see Business Use or Rental of Home , next. State return tax form 2013 Business Use or Rental of Home You may be able to exclude gain from the sale of a home you have used for business or to produce rental income if you meet the ownership and use tests. State return tax form 2013 Example 1. State return tax form 2013 On May 23, 2007, Amy, who is unmarried for all years in this example, bought a house. State return tax form 2013 She moved in on that date and lived in it until May 31, 2009, when she moved out of the house and put it up for rent. State return tax form 2013 The house was rented from June 1, 2009, to March 31, 2011. State return tax form 2013 Amy claimed depreciation deductions in 2009 through 2011 totaling $10,000. State return tax form 2013 Amy moved back into the house on April 1, 2011, and lived there until she sold it on January 31, 2013, for a gain of $200,000. State return tax form 2013 During the 5-year period ending on the date of the sale (January 31, 2008–January 31, 2013), Amy owned and lived in the house for more than 2 years as shown in the following table. State return tax form 2013 Five-Year Period Used as Home Used as Rental 1/31/08 – 5/31/09 16 months   6/01/09 – 3/31/11   22 months 4/01/11 – 1/31/13 22 months     38 months 22 months       During the period Amy owned the house (2,080 days), her period of nonqualified use was 668 days. State return tax form 2013 Because the gain attributable to periods of nonqualified use is $60,990, Amy can exclude $129,010 of her gain, as shown on Worksheet 2. State return tax form 2013 Example 2. State return tax form 2013 William owned and used a house as his main home from 2007 through 2010. State return tax form 2013 On January 1, 2011, he moved to another state. State return tax form 2013 He rented his house from that date until April 30, 2013, when he sold it. State return tax form 2013 During the 5-year period ending on the date of sale (May 1, 2008-April 30, 2013), William owned and lived in the house for more than 2 years. State return tax form 2013 Because it was rental property at the time of the sale, he must report the sale on Form 4797. State return tax form 2013 Because the period of nonqualified use does not include any part of the 5-year period after the last date William lived in the house, he has no period of nonqualified use. State return tax form 2013 Because he met the ownership and use tests, he can exclude gain up to $250,000. State return tax form 2013 However, he cannot exclude the part of the gain equal to the depreciation he claimed or could have claimed for renting the house, as explained next. State return tax form 2013 Depreciation after May 6, 1997. State return tax form 2013   If you were entitled to take depreciation deductions because you used your home for business purposes or as rental property, you cannot exclude the part of your gain equal to any depreciation allowed or allowable as a deduction for periods after May 6, 1997. State return tax form 2013 If you can show by adequate records or other evidence that the depreciation allowed was less than the amount allowable, then you may limit the amount of gain recognized to the depreciation allowed. State return tax form 2013 Unrecaptured section 1250 gain. State return tax form 2013   This is the part of any long-term capital gain from the sale of your home that is due to depreciation and cannot be excluded. State return tax form 2013 To figure the amount of unrecaptured section 1250 gain to be reported on Schedule D (Form 1040), you must also take into account certain gains or losses from the sale of property other than your home. State return tax form 2013 Use the Unrecaptured Section 1250 Gain Worksheet in the Schedule D instructions for this purpose. State return tax form 2013 Worksheet 2. State return tax form 2013 Taxable Gain on Sale of Home—Completed Example 1 for Amy Part 1. State return tax form 2013 Gain or (Loss) on Sale       1. State return tax form 2013   Selling price of home 1. State return tax form 2013     2. State return tax form 2013   Selling expenses (including commissions, advertising and legal fees, and seller-paid loan charges) 2. State return tax form 2013     3. State return tax form 2013   Subtract line 2 from line 1. State return tax form 2013 This is the amount realized 3. State return tax form 2013     4. State return tax form 2013   Adjusted basis of home sold (from Worksheet 1, line 13) 4. State return tax form 2013     5. State return tax form 2013   Gain or (loss) on the sale. State return tax form 2013 Subtract line 4 from line 3. State return tax form 2013 If this is a loss, stop here 5. State return tax form 2013 200,000   Part 2. State return tax form 2013 Exclusion and Taxable Gain       6. State return tax form 2013   Enter any depreciation allowed or allowable on the property for periods after May 6, 1997. State return tax form 2013 If none, enter -0- 6. State return tax form 2013 10,000   7. State return tax form 2013   Subtract line 6 from line 5. State return tax form 2013 If the result is less than zero, enter -0- 7. State return tax form 2013 190,000   8. State return tax form 2013   Aggregate number of days of nonqualified use after 2008. State return tax form 2013 If none, enter -0-. State return tax form 2013  If line 8 is equal to zero, skip to line 12 and enter the amount from line 7 on line 12 8. State return tax form 2013 668   9. State return tax form 2013   Number of days taxpayer owned the property 9. State return tax form 2013 2,080   10. State return tax form 2013   Divide the amount on line 8 by the amount on line 9. State return tax form 2013 Enter the result as a decimal (rounded to at least 3 places). State return tax form 2013 But do not enter an amount greater than 1. State return tax form 2013 00 10. State return tax form 2013 0. State return tax form 2013 321   11. State return tax form 2013   Gain allocated to nonqualified use. State return tax form 2013 (Line 7 multiplied by line 10) 11. State return tax form 2013 60,990   12. State return tax form 2013   Gain eligible for exclusion. State return tax form 2013 Subtract line 11 from line 7 12. State return tax form 2013 129,010   13. State return tax form 2013   If you qualify to exclude gain on the sale, enter your maximum exclusion (see Maximum Exclusion ). State return tax form 2013  If you qualify for a reduced maximum exclusion, enter the amount from Worksheet 3, line 7. State return tax form 2013 If you do  not qualify to exclude gain, enter -0- 13. State return tax form 2013 250,000   14. State return tax form 2013   Exclusion. State return tax form 2013 Enter the smaller of line 12 or line 13 14. State return tax form 2013 129,010   15. State return tax form 2013   Taxable gain. State return tax form 2013 Subtract line 14 from line 5. State return tax form 2013 Report your taxable gain as described under Reporting the Sale . State return tax form 2013 If the amount on line 6 is more than zero, complete line 16 15. State return tax form 2013 70,990   16. State return tax form 2013   Enter the smaller of line 6 or line 15. State return tax form 2013 Enter this amount on line 12 of the Unrecaptured Section 1250 Gain  Worksheet in the instructions for Schedule D (Form 1040) 16. State return tax form 2013 10,000 Property Used Partly for Business or Rental If you use property partly as a home and partly for business or to produce rental income, the treatment of any gain on the sale depends partly on whether the business or rental part of the property is part of your home or separate from it. State return tax form 2013 Part of Home Used for Business or Rental If the part of your property used for business or to produce rental income is within your home, such as a room used as a home office for a business, you do not need to allocate gain on the sale of the property between the business part of the property and the part used as a home. State return tax form 2013 In addition, you do not need to report the sale of the business or rental part on Form 4797. State return tax form 2013 This is true whether or not you were entitled to claim any depreciation. State return tax form 2013 However, you cannot exclude the part of any gain equal to any depreciation allowed or allowable after May 6, 1997. State return tax form 2013 See Depreciation after May 6, 1997, earlier. State return tax form 2013 Example 1. State return tax form 2013 Ray sold his main home in 2013 at a $30,000 gain. State return tax form 2013 He has no gains or losses from the sale of property other than the gain from the sale of his home. State return tax form 2013 He meets the ownership and use tests to exclude the gain from his income. State return tax form 2013 However, he used part of the home as a business office in 2012 and claimed $500 depreciation. State return tax form 2013 Because the business office was part of his home (not separate from it), he does not have to allocate the gain on the sale between the business part of the property and the part used as a home. State return tax form 2013 In addition, he does not have to report any part of the gain on Form 4797. State return tax form 2013 Because Ray was entitled to take a depreciation deduction, he must recognize $500 of the gain as unrecaptured section 1250 gain. State return tax form 2013 He reports his gain, exclusion, and the taxable gain of $500 on Form 8949 and Schedule D (Form 1040). State return tax form 2013 Example 2. State return tax form 2013 The facts are the same as in Example 1 except that Ray was not entitled to claim depreciation for the business use of his home. State return tax form 2013 Since Ray did not claim any depreciation, he can exclude the entire $30,000 gain. State return tax form 2013 Separate Part of Property Used for Business or Rental You may have used part of your property as your home and a separate part of it for business or to produce rental income. State return tax form 2013 Examples are: A working farm on which your house was located, A duplex in w