Filing Your Taxes Online is Fast, Easy and Secure.
Start now and receive your tax refund in as little as 7 days.

1. Get Answers

Your online questions are customized to your unique tax situation.

2. Maximize your Refund

Find tax credits for everything from school tuition to buying a hybri

3. E-File for FREE

E-file free with direct deposit to get your refund in as few as 7 days.

Filing your taxes with paper mail can be difficult and it could take weeks for your refund to arrive. IRS e-file is easy, fast and secure. There is no paperwork going to the IRS so tax refunds can be processed in as little as 7 days with direct deposit. As you prepare your taxes online, you can see your tax refund in real time.

FREE audit support and representation from an enrolled agent – NEW and only from H&R Block

State Tax Filing Requirements

1040ez 2010 FormCheapest State Tax ReturnCan You File An Amended Tax Return OnlineFile Taxes Online For Free2014 1040ez Tax FormTax FormsHow Do You Do An Amendment To Your Tax ReturnFile 2005 Taxes FreeHow To File An Amended Tax Return 2013How To File My 2012 Tax ReturnIrs Gov 1040x FormIncome Tax Software 2012Military Star CardTax Credit For MilitaryAmended Tax Return 20121040x OnlineH&rblockFiling Late Returns20131040ezNeed To File My 2012 TaxesCan 1040x Be Filed Electronically2012 Income Tax FormsWww.freestatetaxsites.com1040x FormsFiling State TaxesState Income Tax FormSelf Employed TaxesHow Do I Amend My Tax ReturnFree Online Federal Tax Filing 2011Free Tax Return Calculator1040 ExpressFederal Tax Income ReturnEfile Tax ReturnHand R Block Free File1040ez FilingCan Ie File 2012 Taxes NowFree Online Tax Filing For 2012How Do I File My State Taxes For FreeFile State Income Tax FreeTax Ez

State Tax Filing Requirements

State tax filing requirements 14. State tax filing requirements   Venta de Bienes Table of Contents Recordatorio Introduction Useful Items - You may want to see: Ventas y CanjesQué es una Venta o Canje Cómo Calcular Pérdidas o Ganancias Canjes no Sujetos a Impuestos Traspasos entre Cónyuges Transacciones entre Partes Vinculadas Pérdidas y Ganancias de CapitalPérdidas o Ganancias Ordinarias o de Capital Bienes de Capital y Bienes que no Son de Capital Período de Tenencia Deudas Incobrables no Empresariales Ventas Ficticias Reinversiones de Ganancia de Valores Cotizados en Bolsa Recordatorio Ingresos del extranjero. State tax filing requirements  Si es ciudadano de los EE. State tax filing requirements UU. State tax filing requirements y vende propiedad ubicada fuera de los Estados Unidos, tiene que declarar todas las ganancias y pérdidas provenientes de la venta de dicha propiedad en su declaración de impuestos, a menos que esté exenta conforme a las leyes de los Estados Unidos. State tax filing requirements Este es el caso independientemente de si vive en o fuera de los Estados Unidos e independientemente de si recibe o no un Formulario 1099 del pagador. State tax filing requirements Introduction Este capítulo trata sobre las consecuencias tributarias de vender o canjear bienes de inversión. State tax filing requirements Entre los temas que se explican, se encuentran: Qué es una venta o canje. State tax filing requirements Cómo calcular una ganancia o pérdida. State tax filing requirements Canjes no sujetos a impuestos. State tax filing requirements Transacciones entre partes vinculadas. State tax filing requirements Pérdidas o ganancias de capital. State tax filing requirements Bienes de capital y bienes que no son de capital. State tax filing requirements Período de tenencia. State tax filing requirements Reinversión de la ganancia proveniente de la venta de valores cotizados en bolsa. State tax filing requirements Otras transacciones de bienes. State tax filing requirements   Algunos traspasos de bienes no se tratan aquí. State tax filing requirements Éstos se explican en otras publicaciones del IRS. State tax filing requirements Dichas transacciones incluyen: La venta de una vivienda principal, que se explica en el capítulo 15. State tax filing requirements Las ventas a plazos, las cuales se explican en la Publicación 537, Installment Sales (Ventas a plazo), en inglés. State tax filing requirements Las transacciones que incluyen propiedades comerciales, las cuales se explican en la Publicación 544, Sales and Other Dispositions of Assets (Ventas y otras enajenaciones de bienes), en inglés. State tax filing requirements Las enajenaciones de una participación en una actividad pasiva, las cuales se explican en la Publicación 925, Passive Activity and At-Risk Rules (Actividad pasiva y las reglas sobre el monto de riesgo), en inglés. State tax filing requirements    La Publicación 550, Investment Income and Expenses (Including Capital Gains and Losses) (Ingresos y gastos de inversión (incluidas ganancias y pérdidas de capital)), en inglés, provee información más detallada acerca de las ventas y canjes de bienes de inversión. State tax filing requirements La Publicación 550 incluye información acerca de las reglas sobre deudas incobrables no empresariales, combinación de contratos de opción de compra y venta, contratos conforme a la sección 1256, contratos de opción de compra y venta, futuros de productos básicos, ventas en descubierto y ventas ficticias. State tax filing requirements También trata sobre los gastos relacionados con las inversiones. State tax filing requirements Useful Items - You may want to see: Publicación 550 Investment Income and Expenses (Ingresos y gastos de inversiones), en inglés Formulario (e Instrucciones) Anexo D (Formulario 1040) Capital Gains and Losses (Ganancias y pérdidas de capital), en inglés 8949 Sales and Other Dispositions of Capital Assets (Ventas y otras enajenaciones de activos de capital), en inglés 8824 Like-Kind Exchanges (Intercambios de bienes del mismo tipo), en inglés Ventas y Canjes Si durante el año vendió bienes como acciones, bonos o ciertos productos básicos a través de un agente corredor bursátil, por cada venta, éste debería entregarle el Formulario 1099-B, Proceeds From Broker and Barter Exchange Transactions (Ganancias de transacciones de agentes de bolsa y trueque), en inglés, o un documento sustitutivo. State tax filing requirements Por lo general, debería recibir el documento a más tardar el 15 de febrero del año siguiente. State tax filing requirements Este documento mostrará las ganancias brutas de la venta. State tax filing requirements Si usted vendió un valor bursátil amparado en el año 2013, la base de éste se indicará en su Formulario 1099-B (o documento sustitutivo). State tax filing requirements Por lo general, un valor bursátil amparado es un valor bursátil que usted adquirió después de 2010 con ciertas excepciones. State tax filing requirements Vea las Instrucciones para el Formulario 8949, en inglés. State tax filing requirements El corredor le entregará al IRS una copia del Formulario 1099-B. State tax filing requirements Use el Formulario 1099-B (o documento sustitutivo que le haya entregado el agente) para completar el Formulario 8949. State tax filing requirements Qué es una Venta o Canje En esta sección se explica qué es una venta o canje. State tax filing requirements También se explican ciertas transacciones y ciertos acontecimientos que se tratan como ventas o canjes. State tax filing requirements Normalmente, una “venta” es el traspaso de bienes por dinero o hipoteca, pagaré u otra promesa de pago. State tax filing requirements Un “canje” es el traspaso de bienes por otros bienes o servicios y se pueden imponer impuestos del mismo modo que una venta. State tax filing requirements Compra y venta. State tax filing requirements   Normalmente, una transacción no es un canje cuando vende voluntariamente bienes a cambio de efectivo e inmediatamente compra bienes similares para reponerlos. State tax filing requirements La venta y compra son dos transacciones separadas. State tax filing requirements No obstante, consulte Intercambios de bienes del mismo tipo bajo Canjes no Sujetos a Impuestos, más adelante. State tax filing requirements Redención de acciones. State tax filing requirements   Una redención de acciones se considera una venta o canje y está sujeta a las disposiciones de pérdidas o ganancias de capital a menos que la misma sea un dividendo u otra distribución de acciones. State tax filing requirements Dividendo versus venta o canje. State tax filing requirements   Una redención se trata como venta, canje, dividendo u otra distribución dependiendo de las circunstancias de cada caso. State tax filing requirements Se tendrá en cuenta tanto la titularidad directa como la titularidad indirecta de la cartera de acciones. State tax filing requirements La redención se considera una venta o canje de acciones si: La redención no es esencialmente equivalente a un dividendo (consulte el capítulo 8); Existe una redención de acciones muy desproporcionada; Existe una redención total de todas las acciones de la sociedad anónima que posee el accionista o Esta redención es una distribución en la liquidación parcial de una sociedad anónima. State tax filing requirements Redención o cancelación de bonos. State tax filing requirements   Normalmente, una redención o cancelación de bonos o pagarés al vencimiento se considera venta o canje. State tax filing requirements   Además, una modificación significativa de un bono se trata como un canje del bono original por uno nuevo. State tax filing requirements Para más información, vea la sección 1. State tax filing requirements 1001-3 del Reglamento. State tax filing requirements Rescate de acciones. State tax filing requirements   El rescate de acciones efectuado por un accionista predominante que retiene la titularidad de más de la mitad de las acciones con derecho de voto pertenecientes a la sociedad anónima se considera una aportación al capital y no una pérdida inmediata deducible del ingreso sujeto a impuestos. State tax filing requirements El accionista rescatante tiene que reasignar su base de las acciones rescatadas a las acciones que retuvo. State tax filing requirements Valores bursátiles sin valor. State tax filing requirements    Todas las acciones, los derechos de suscripción y bonos (que no sean aquéllos para la venta por un agente de valores) que perdieron por completo su valor durante el año tributario se considerarán vendidos el último día del año tributario. State tax filing requirements Esto es aplicable si su pérdida de capital es de largo o corto plazo. State tax filing requirements Consulte Período de Tenencia , más adelante. State tax filing requirements   Los valores bursátiles sin valor incluyen también aquéllos abandonados después del 12 de marzo de 2008. State tax filing requirements Para abandonar valores, tiene que renunciar permanentemente a todo derecho a los mismos sin recibir compensación alguna a cambio de éstos. State tax filing requirements Todos los hechos y circunstancias determinan si la transacción se caracteriza correctamente como abandono u otro tipo de transacción, como una venta o intercambio, aportación al capital, dividendo o regalo. State tax filing requirements    Si es contribuyente que usa el método de efectivo y realiza los pagos con un pagaré negociable que emitió para acciones que luego perdieron su valor, puede deducir estos pagos como pérdidas en los años en que realmente hizo los pagos. State tax filing requirements No los deduzca en el año en que las acciones perdieron su valor. State tax filing requirements Cómo declarar pérdidas. State tax filing requirements    Declare los valores bursátiles sin valor en la Parte I o en la Parte II del Formulario 8949, según corresponda. State tax filing requirements En la columna (a), anote “Worthless” (Sin valor). State tax filing requirements Declare las transacciones de valores bursátiles sin valor en el Formulario 8949. State tax filing requirements Marque el recuadro apropiado que corresponda a la clase de transacción. State tax filing requirements Vea el Formulario 8949 y las Instrucciones para el Formulario 8949, en inglés. State tax filing requirements Si desea obtener más información sobre el Formulario 8949 y el Anexo D (Formulario 1040), Capital Gains and Losses (Ganancias y pérdidas de capital), vea Cómo Declarar Ganancias y Pérdidas de Capital en el capítulo 16. State tax filing requirements Además, vea el Anexo D (Formulario 1040), el Formulario 8949 y sus instrucciones por separado, en inglés. State tax filing requirements Cómo reclamar un reembolso. State tax filing requirements   Si no reclama una pérdida de valores bursátiles sin valor en la declaración original del año en que perdieron su valor, puede reclamar un crédito o reembolso por pérdidas. State tax filing requirements Tiene que usar el Formulario 1040X, Amended U. State tax filing requirements S. State tax filing requirements Individual Income Tax Return (Declaración enmendada del impuesto federal estadounidense sobre los ingresos personales), en inglés, para enmendar la declaración del año en que sus valores perdieron valor. State tax filing requirements Tiene que presentar la declaración dentro de los 7 años a partir de la fecha en la que tenía que presentar su declaración original para ese año, o bien dentro de un plazo de 2 años a partir de la fecha en que pagó el impuesto, lo que suceda más tarde. State tax filing requirements Para obtener más información acerca de cómo presentar una reclamación, consulte Declaraciones Enmendadas y Reclamaciones de Reembolso en el capítulo 1. State tax filing requirements Cómo Calcular Pérdidas o Ganancias Calcule las pérdidas o ganancias en una venta o canje de bienes comparando la cantidad recibida con la base ajustada de los bienes. State tax filing requirements Ganancia. State tax filing requirements   Si la cantidad que recibe de una venta o canje es mayor que la base ajustada de los bienes que traspasa, la diferencia es una ganancia. State tax filing requirements Pérdida. State tax filing requirements   Si la base ajustada de los bienes que traspasa es mayor que la cantidad que recibe, la diferencia es una pérdida. State tax filing requirements Base ajustada. State tax filing requirements   La base ajustada de los bienes es su costo original u otra base original ajustada correctamente (aumentada o disminuida) para ciertos conceptos. State tax filing requirements Consulte el capítulo 13 para obtener más información acerca de cómo determinar la base ajustada de bienes. State tax filing requirements Cantidad recibida. State tax filing requirements   La cantidad que recibe de la venta o canje de bienes es todo lo que recibe por dichos bienes menos los gastos relacionados con la venta (cargos por redención, comisiones de ventas, gastos de ventas o exit fees (gastos por rescate anticipado de una inversión colocada en un fondo)). State tax filing requirements La cantidad recibida incluye el dinero que recibe, más el valor justo de mercado de los bienes o servicios que recibe. State tax filing requirements Si recibe un pagaré u otro instrumento de deuda por dichos bienes, para calcular la cantidad recibida, consulte How To Figure Gain or Loss (Cómo calcular las pérdidas o ganancias) en el capítulo 4 de la Publicación 550, en inglés. State tax filing requirements Si financia la compra que hace el comprador de sus bienes (los de usted) y el instrumento de deuda no abarca los suficientes intereses establecidos, los intereses no establecidos que tiene que declarar como ingreso ordinario disminuirán la cantidad recibida de la venta. State tax filing requirements Consulte la Publicación 537, en inglés, para obtener más información. State tax filing requirements Valor justo de mercado. State tax filing requirements   El valor justo de mercado es el precio que tienen los bienes al cambiar de dueño entre un comprador y un vendedor, sin que ninguno sea forzado a comprar o vender y teniendo ambos conocimiento razonable de todo hecho pertinente. State tax filing requirements Ejemplo. State tax filing requirements Usted canjea acciones de la Compañía A con una base ajustada de $7,000 por acciones de la Compañía B con un valor justo de mercado de $10,000, que es la cantidad que recibe. State tax filing requirements Su ganancia es $3,000 ($10,000 − $7,000). State tax filing requirements Deuda pagada por completo. State tax filing requirements    Una deuda sobre los bienes, o en contra de usted, que se haya pagado por completo como parte de la transacción o que el comprador asuma, se tiene que incluir en la cantidad recibida. State tax filing requirements Esto es aplicable aun si ni usted ni el comprador son personalmente responsables de la deuda. State tax filing requirements Por ejemplo, si vende o canjea bienes que estén sujetos a un préstamo sin recurso, la cantidad que reciba generalmente incluye la cantidad total del pagaré asumido por el comprador, aun si la cantidad del pagaré es mayor que el valor justo de mercado de los bienes. State tax filing requirements Ejemplo. State tax filing requirements Usted vende acciones que ha dado en garantía para un préstamo bancario de $8,000. State tax filing requirements Su base en las acciones es $6,000. State tax filing requirements El comprador paga la totalidad de su préstamo bancario y le paga a usted $20,000 en efectivo. State tax filing requirements La cantidad recibida es $28,000 ($20,000 + $8,000). State tax filing requirements Su ganancia es $22,000 ($28,000 − $6,000). State tax filing requirements Pago de efectivo. State tax filing requirements   Si canjea bienes y efectivo por otros bienes, la cantidad que reciba es el valor justo de mercado de los bienes que reciba. State tax filing requirements Determine sus pérdidas o ganancias restando el efectivo que pague más la base ajustada de los bienes que intercambie de la cantidad que reciba. State tax filing requirements Si el resultado es un número positivo, es una ganancia. State tax filing requirements Si el resultado es un número negativo, es una pérdida. State tax filing requirements Sin pérdidas ni ganancias. State tax filing requirements   Tal vez tenga que usar una base para calcular las ganancias distinta a la base para calcular las pérdidas. State tax filing requirements En este caso, puede que no tenga ni ganancias ni pérdidas. State tax filing requirements Consulte Base Distinta al Costo en el capítulo 13. State tax filing requirements Canjes no Sujetos a Impuestos Esta sección trata sobre los canjes que no suelen generar una ganancia sujeta a impuestos o pérdida deducible. State tax filing requirements Para obtener más información acerca de los canjes no sujetos a impuestos, consulte el capítulo 1 de la Publicación 544, en inglés. State tax filing requirements Intercambio de bienes del mismo tipo. State tax filing requirements   Si canjea bienes comerciales o de inversión por otros bienes comerciales o de inversión de un mismo tipo, no paga impuestos sobre las ganancias ni deduce pérdidas hasta que venda o enajene el bien que reciba. State tax filing requirements Para estar exento de impuestos, el canje tiene que satisfacer las seis condiciones siguientes: Los bienes tienen que ser comerciales o de inversión. State tax filing requirements Tiene que ser dueño de los bienes que canjea y los que recibe para fines de uso productivo en su ocupación o negocio o para inversión. State tax filing requirements Ninguno de los bienes se puede usar para propósitos personales, como por ejemplo su vivienda o automóvil familiar. State tax filing requirements Los bienes no pueden ser principalmente para la venta. State tax filing requirements Los bienes que canjee y los que reciba no pueden ser bienes que venda a clientes, como mercancías. State tax filing requirements Los bienes no pueden ser acciones, bonos, pagarés, derechos de acción, certificados de fideicomiso o derecho de usufructo ni otros valores o evidencia de deudas o intereses, incluidas las participaciones en sociedades colectivas. State tax filing requirements Sin embargo, vea Special rules for mutual ditch, reservoir, or irrigation company stock (Reglas especiales para acciones de compañías de zanjas de uso compartido, embalses o represas o de riego) en el capítulo 4 de la Publicación 550 para ver una excepción. State tax filing requirements Además, puede tener un canje no sujeto a impuestos de acciones de sociedades anónimas conforme a una regla distinta, como se describe más adelante. State tax filing requirements Tiene que canjear bienes del mismo tipo. State tax filing requirements El canje de bienes raíces por bienes raíces, o de bienes muebles por bienes muebles similares, es un canje de bienes del mismo tipo. State tax filing requirements El canje de un edificio de apartamentos habitacional por un edificio de tienda o de un furgón por una camioneta es un canje de bienes del mismo tipo. State tax filing requirements El canje de maquinaria por un edificio de tienda no es un canje de bienes del mismo tipo. State tax filing requirements Los bienes raíces ubicados dentro de los Estados Unidos y aquéllos ubicados fuera de los Estados Unidos no son bienes del mismo tipo. State tax filing requirements Asimismo, los bienes muebles utilizados predominantemente dentro de los Estados Unidos y los bienes muebles utilizados predominantemente fuera de los Estados Unidos no son bienes del mismo tipo. State tax filing requirements Los bienes que se reciben tienen que identificarse por escrito dentro de los 45 días después de la fecha en que haya traspasado los bienes entregados en el canje. State tax filing requirements Los bienes que se reciben tienen que recibirse a más tardar para una de las fechas siguientes, la que suceda antes: El día número 180 después de la fecha en que usted traspasó los bienes entregados en el canje o La fecha de vencimiento, incluidas las prórrogas, de su declaración de impuestos del año en que se produzca el traspaso de los bienes entregados en el canje. State tax filing requirements   Puede aplicar una regla especial si canjea bienes con una parte vinculada en un intercambio de bienes del mismo tipo. State tax filing requirements Consulte Transacciones entre Partes Vinculadas , más adelante en este capítulo. State tax filing requirements Además, consulte el capítulo 1 de la Publicación 544, en inglés, para obtener más información acerca de los intercambios de bienes comerciales y de reglas especiales para intercambios con intermediarios calificados o de varios bienes. State tax filing requirements Intercambio parcialmente no sujeto a impuestos. State tax filing requirements   Si recibe dinero o bienes que no son del mismo tipo además de bienes del mismo tipo, y se cumplen las seis condiciones anteriores, significa que tiene un canje parcialmente no sujeto a impuestos. State tax filing requirements Se gravan impuestos sobre las ganancias que obtenga, pero sólo hasta la cantidad de dinero y el valor justo de mercado de los bienes que reciba que no sean del mismo tipo. State tax filing requirements No puede deducir una pérdida. State tax filing requirements Traspaso de bienes del mismo tipo y de bienes que no son del mismo tipo. State tax filing requirements   Si entrega bienes que no son del mismo tipo además de bienes del mismo tipo, tiene que reconocer pérdidas o ganancias en aquéllos que entregue que no sean del mismo tipo. State tax filing requirements Las pérdidas o ganancias son la diferencia entre la base ajustada de los bienes que no son del mismo tipo y su valor justo de mercado. State tax filing requirements Bienes del mismo tipo y dinero traspasados. State tax filing requirements   Si se satisfacen todas las condiciones (1) a (6) que aparecen enumeradas anteriormente, tiene un canje no sujeto a impuestos aun si paga dinero además de los bienes del mismo tipo. State tax filing requirements Base de bienes recibidos. State tax filing requirements   Para calcular la base de los bienes recibidos, consulte Intercambios no Tributables en el capítulo 13. State tax filing requirements Cómo declarar el canje. State tax filing requirements   Tiene que declarar el canje de bienes del mismo tipo en el Formulario 8824, Like-Kind Exchanges (Intercambio de bienes del mismo tipo) en inglés. State tax filing requirements Si calcula pérdidas o ganancias reconocidas en el Formulario 8824, declárelas en el Anexo D (Formulario 1040) o en el Formulario 4797, Sales of Business Property (Ventas de bienes comerciales), en inglés, según corresponda. State tax filing requirements Vea las instrucciones para la línea 22 en las Instrucciones para el Formulario 8824, disponibles en inglés. State tax filing requirements   Para obtener más información acerca del uso del Formulario 4797, consulte el capítulo 4 de la Publicación 544, en inglés. State tax filing requirements Acciones de sociedades anónimas. State tax filing requirements   Los siguientes canjes de acciones de sociedades anónimas generalmente no resultan en una ganancia sujeta a impuestos o pérdida deducible. State tax filing requirements Reorganizaciones de sociedades anónimas. State tax filing requirements   En algunos casos, una compañía le entregará acciones ordinarias a cambio de acciones preferentes, acciones preferentes a cambio de acciones ordinarias, o bien acciones de una sociedad anónima a cambio de acciones de otra. State tax filing requirements Si esto es resultado de una fusión, recapitalización, traspaso a una sociedad anónima controlada, bancarrota (quiebra), división de sociedades anónimas, adquisición de sociedades anónimas u otra reorganización de sociedades anónimas, usted no reconoce pérdidas ni ganancias. State tax filing requirements Acciones por acciones de la misma sociedad anónima. State tax filing requirements   Puede intercambiar acciones ordinarias por acciones ordinarias o acciones preferentes por acciones preferentes de la misma sociedad anónima sin tener pérdidas ni ganancias reconocidas. State tax filing requirements Esto es aplicable en un canje entre dos accionistas y también en un canje entre un accionista y la sociedad anónima. State tax filing requirements Acciones y bonos convertibles. State tax filing requirements   Normalmente, no tendrá pérdidas ni ganancias reconocidas si convierte bonos en acciones o acciones preferentes en acciones ordinarias de la misma sociedad anónima, según un privilegio de conversión en los términos del bono o del certificado de las acciones preferentes. State tax filing requirements Bienes por acciones de una sociedad anónima controlada. State tax filing requirements   Si traspasa bienes a una sociedad anónima únicamente a cambio de acciones de esa sociedad anónima, e inmediatamente después del canje usted se queda con el control de la sociedad anónima, normalmente no reconocerá pérdidas ni ganancias. State tax filing requirements Esta regla se aplica a personas físicas y a grupos que traspasan bienes a una sociedad anónima. State tax filing requirements No es aplicable si la sociedad anónima es una sociedad inversionista. State tax filing requirements   Para estos efectos y para estar en control de una sociedad anónima, usted o su grupo de cesionistas tiene que poseer, inmediatamente después del intercambio, por lo menos el 80% del poder total combinado de votos de todas las clases de acciones con derecho a voto y por lo menos el 80% de las acciones en circulación de cada clase de acción sin derecho a voto de la sociedad anónima. State tax filing requirements   Si esta disposición es aplicable en su caso, puede tener que tenga que adjuntar a la declaración de impuestos una declaración completa de todo hecho pertinente al intercambio. State tax filing requirements Para más detalles, vea la sección 1. State tax filing requirements 351-3 del Reglamento. State tax filing requirements Información adicional. State tax filing requirements   Para obtener más información acerca de los canjes de acciones, consulte Nontaxable Trades (Canjes no sujetos a impuestos) en el capítulo 4 de la Publicación 550, en inglés. State tax filing requirements Pólizas de seguros y anualidades. State tax filing requirements   No tendrá ganancias ni pérdidas reconocidas si el asegurado o pensionista es el mismo en ambos contratos y usted intercambia: Un contrato de seguro de vida por otro contrato de seguro de vida o por un contrato dotal o de anualidad, o por un contrato de cuidados a largo plazo calificado; Un contrato dotal por otro contrato dotal que estipule pagos regulares, a partir de una fecha no posterior a la fecha de inicio conforme al contrato antiguo o por un contrato de anualidad o por un contrato de cuidados a largo plazo calificado; Un contrato de anualidad por otro contrato de anualidad o por un contrato de cuidados a largo plazo calificado o Un contrato de cuidados a largo plazo calificado por un contrato de cuidados a largo plazo calificado. State tax filing requirements   Puede que tampoco tenga que reconocer pérdidas ni ganancias en un intercambio de parte de un contrato de anualidad por otro contrato de anualidad. State tax filing requirements Para información sobre traspasos completados antes del 24 de octubre de 2011, consulte la Revenue Ruling 2003-76 (Resolución Administrativa Tributaria 2003-76 en el Internal Revenue Bulletin 2003-33 (Boletín de Impuestos Internos 2003-33), en inglés, y la Revenue Procedure 2008-24 (Procedimiento Tributario 2008-24) en el Internal Revenue Bulletin 2008-13 (Boletín de Impuestos Internos 2008-13). State tax filing requirements La Resolución Administrativa Tributaria 2003-76 está disponible en www. State tax filing requirements irs. State tax filing requirements gov/irb/2003-33_IRB/ar11. State tax filing requirements html. State tax filing requirements El Procedimiento Tributario 2008-24 está disponible en www. State tax filing requirements irs. State tax filing requirements gov/irb/2008-3_IRB/ar13. State tax filing requirements html. State tax filing requirements Para información sobre traspasos completados el 24 de octubre de 2011 o después, consulte la Resolución Administrativa Tributaria 2003-76, indicada anteriormente, y el Revenue Procedure 2011-38 (Procedimiento Tributario 2011-38) en el Internal Revenue Bulletin 2011-30 (Boletín de Impuestos Internos 2011-30), en inglés. State tax filing requirements El Procedimiento Tributario 2011-38 está disponible en www. State tax filing requirements irs. State tax filing requirements gov/irb/2011-30_IRB/ar09. State tax filing requirements html. State tax filing requirements   Para años tributarios que empiezan después del 31 de diciembre de 2010, las cantidades recibidas como una anualidad por un período de 10 años o más o por la vida de una o más personas físicas, conforme a cualquier parte de un contrato de anualidad, contrato dotal o de seguro de vida, son tratadas como un contrato por separado y se consideran anualidades parciales. State tax filing requirements Puede empezar a recibir los pagos correspondientes a una parte de una anualidad, contrato dotal o contrato de seguro de vida (anualización), provisto que el período de su distribución sea por 10 años o más, o por la vida de una o más personas físicas. State tax filing requirements La inversión en el contrato es asignada entre la parte del contrato cuyas cantidades se reciban como una anualidad y la parte del contrato cuyas cantidades no se reciban como una anualidad. State tax filing requirements   Los intercambios de contratos no incluidos en esta lista, como por ejemplo un contrato de anualidad por un contrato de seguro dotal, o bien un contrato de seguro dotal o anualidad por un contrato de seguro de vida, están sujetos a impuestos. State tax filing requirements Desmutualización de compañías de seguros de vida. State tax filing requirements   Si recibió acciones a cambio de su participación en el patrimonio neto como titular de póliza o pensionista, normalmente no tendrá pérdidas ni ganancias reconocidas. State tax filing requirements Consulte Demutualization of Life Insurance Companies (Desmutualización de compañías de seguros de vida) en la Publicación 550, en inglés. State tax filing requirements Pagarés o bonos del Tesoro de los Estados Unidos. State tax filing requirements   Puede canjear ciertas emisiones de obligación del Tesoro de los Estados Unidos por otras emisiones designadas por el Secretario del Tesoro, sin pérdidas ni ganancias reconocidas en el canje. State tax filing requirements Vea información adicional sobre este tema en el tema titulado Savings bonds traded (Cambio de los bonos de ahorro), en el capítulo 1 de la Publicación 550, en inglés. State tax filing requirements Traspasos entre Cónyuges En general, no se reconocen las pérdidas ni las ganancias en un traspaso de bienes de una persona física a (o en fideicomiso para el beneficio de) un cónyuge, o en caso de divorcio, a un ex cónyuge. State tax filing requirements Esta regla de no reconocimiento no es aplicable en las siguientes situaciones: El cónyuge o ex cónyuge beneficiario es extranjero no residente. State tax filing requirements Se traspasan bienes en fideicomiso y la obligación excede de la base. State tax filing requirements Las ganancias tienen que ser reconocidas en la medida en que la cantidad de las obligaciones asumidas por el fideicomiso, más las demás obligaciones sobre los bienes, sean mayores que la base ajustada de los mismos. State tax filing requirements Para otras situaciones, vea el tema titulado Transfers Between Spouses (Traspasos entre cónyuges), en el capítulo 4 de la Publicación 550, en inglés. State tax filing requirements El beneficiario trata todo traspaso de bienes a un cónyuge o ex cónyuge, sobre el cual no se reconocen pérdidas ni ganancias, como un regalo y no se considera venta ni intercambio. State tax filing requirements La base del beneficiario en los bienes será la misma que la base ajustada del donante inmediatamente antes del traspaso. State tax filing requirements Esta regla de traslado de la base se aplica independientemente de si la base ajustada de bienes traspasados es menor que, igual a, o mayor que el valor justo de mercado al momento del traspaso o menor que, igual a, o mayor que toda compensación pagada por el beneficiario. State tax filing requirements Esta regla es aplicable en la determinación de ganancias y pérdidas. State tax filing requirements Una ganancia reconocida sobre un traspaso de fideicomiso aumenta la base. State tax filing requirements Un traspaso de bienes está relacionado con un divorcio si el traspaso sucede dentro de 1 año después de la fecha en la que termina el matrimonio o si se relaciona con la terminación del matrimonio. State tax filing requirements Transacciones entre Partes Vinculadas Hay reglas especiales que son aplicables a la venta o canje de bienes entre partes vinculadas. State tax filing requirements Ganancias sobre ventas o canje de bienes depreciables. State tax filing requirements   Su ganancia de la venta o canje de bienes a una parte vinculada puede ser ingreso ordinario, y no ganancia de capital, si la parte que recibe los bienes puede depreciarlos. State tax filing requirements Para obtener más información, consulte el capítulo 3 de la Publicación 544, en inglés. State tax filing requirements Intercambio de bienes del mismo tipo. State tax filing requirements   Normalmente, si canjea bienes comerciales o de inversión por otros bienes comerciales o de inversión del mismo tipo, no se reconocen pérdidas ni ganancias. State tax filing requirements Consulte Intercambios de bienes del mismo tipo , anteriormente, bajo Canjes no Sujetos a Impuestos. State tax filing requirements   Esta regla también es aplicable a los canjes de bienes entre partes vinculadas, lo que se define a continuación en Pérdidas sobre ventas o canjes de bienes . State tax filing requirements Sin embargo, si usted o la parte vinculada enajena los bienes del mismo tipo dentro de los 2 años después del canje, ambos tienen que declarar pérdidas o ganancias no reconocidas en el canje original en la declaración presentada para el año en que se produzca la última enajenación. State tax filing requirements Las excepciones a esta regla se hallan en el tema titulado Related Party Transactions (Transacciones entre partes vinculadas), en el capítulo 4 de la Publicación 550, en inglés. State tax filing requirements Pérdidas sobre ventas o canjes de bienes. State tax filing requirements   No puede deducir una pérdida sobre la venta o canje de bienes, salvo una distribución de la liquidación completa de una sociedad anónima, si la transacción se hace directa o indirectamente entre usted y las siguientes partes vinculadas: Miembros de su familia. State tax filing requirements Incluye únicamente a sus hermanos y hermanas, medios hermanos y medias hermanas, cónyuge, antecesores (padres, abuelos, etc. State tax filing requirements ) y descendientes directos (hijos, nietos, etcétera). State tax filing requirements Una sociedad colectiva en la que tuvo directa o indirectamente más del 50% de la participación en el capital o en las utilidades. State tax filing requirements Una sociedad anónima en la que tuvo directa o indirectamente más del 50% del valor de las acciones en circulación. State tax filing requirements Consulte Propiedad implícita de acciones , más adelante. State tax filing requirements Una organización caritativa o educativa exenta de impuestos que usted o un miembro de su familia controla directa o indirectamente, de cualquier forma o método, sin importar si este control es ejecutable legalmente. State tax filing requirements   Además, no se puede deducir una pérdida sobre la venta o canje de bienes, si la transacción se hace directa o indirectamente entre las siguientes partes vinculadas: Un cesionista y un fiduciario, o el fiduciario y el beneficiario, de cualquier fideicomiso. State tax filing requirements Fiduciarios de dos fideicomisos diferentes, o el fiduciario y el beneficiario de dos fideicomisos diferentes, si la misma persona es el cesionista de ambos fideicomisos. State tax filing requirements Un fiduciario de fideicomiso y una sociedad anónima en la que más del 50% del valor de las acciones en circulación son de propiedad directa o indirecta del fideicomiso o para el mismo, o bien del cesionista del fideicomiso o para el mismo. State tax filing requirements Una sociedad anónima y una sociedad colectiva si las mismas personas poseen más del 50% del valor de las acciones en circulación de la sociedad anónima y más del 50% de participación en el capital o participación en las utilidades de la sociedad colectiva. State tax filing requirements Dos sociedades anónimas de tipo S si las mismas personas poseen más del 50% del valor de las acciones en circulación de cada sociedad anónima. State tax filing requirements Dos sociedades anónimas, una de las cuales es una sociedad anónima de tipo S, si las mismas personas poseen más del 50% del valor de las acciones en circulación de cada sociedad anónima. State tax filing requirements Un albacea y un beneficiario de un caudal hereditario (excepto en el caso de venta o canje para satisfacer una asignación testamentaria pecuniaria). State tax filing requirements Dos sociedades anónimas que sean miembros del mismo grupo controlado. State tax filing requirements (Sin embargo, en ciertas condiciones estas pérdidas no son denegadas, pero se tienen que diferir). State tax filing requirements Dos sociedades colectivas si las mismas personas poseen, directa o indirectamente, más del 50% de la participación en el capital o de las utilidades en ambas sociedades colectivas. State tax filing requirements Ventas o canjes de bienes múltiples. State tax filing requirements   Si vende a una parte vinculada o canjea con ésta una cantidad de paquetes de acciones o bienes en una suma global, tiene que calcular las pérdidas o ganancias por separado para cada paquete de acciones o bienes. State tax filing requirements Es posible que la ganancia por cada artículo pueda estar sujeta a impuestos. State tax filing requirements Sin embargo, no puede deducir la pérdida de artículo alguno. State tax filing requirements Tampoco puede reducir las ganancias provenientes de la venta de ninguno de estos artículos por las pérdidas provenientes de la venta de ninguno de los demás artículos. State tax filing requirements Transacciones indirectas. State tax filing requirements   No puede deducir las pérdidas de la venta de acciones a través de su agente si, conforme a un plan dispuesto previamente, una parte vinculada compra las mismas acciones que eran de usted. State tax filing requirements Esto no es aplicable a un canje entre partes vinculadas a través de un intercambio que sea absolutamente fortuito y que no haya sido programado con antelación. State tax filing requirements Propiedad implícita de acciones. State tax filing requirements   Para determinar si una persona posee directa o indirectamente acciones vigentes de una sociedad anónima, se aplican las siguientes reglas: Regla 1. State tax filing requirements   Las acciones de propiedad directa o indirecta de o para una sociedad anónima, sociedad colectiva, caudal hereditario o fideicomiso se consideran de propiedad proporcionalmente por o para sus accionistas, socios o beneficiarios. State tax filing requirements Regla 2. State tax filing requirements   Se considera que una persona es propietaria de las acciones poseídas directa o indirectamente por o para su familia. State tax filing requirements La familia incluye únicamente a hermanos y hermanas, medios hermanos y medias hermanas, cónyuge, antecesores y descendientes directos. State tax filing requirements Regla 3. State tax filing requirements   Se considera que una persona física que sea propietaria de acciones de una sociedad anónima, siempre y cuando no sea mediante la aplicación de la Regla 2, es propietaria de las acciones de las cuales su socio es propietario directo o indirecto. State tax filing requirements Regla 4. State tax filing requirements   Al aplicar la Regla 1, 2 ó 3, las acciones de las cuales es dueña implícita una persona conforme a la Regla 1 se consideran realmente propiedad de esa persona. State tax filing requirements Sin embargo, las acciones de propiedad implícita de una persona bajo la Regla 2 ó 3 no se consideran propiedad de esa persona si se usa nuevamente la Regla 2 ó 3 para hacer que otra persona sea el propietario implícito de dichas acciones. State tax filing requirements Bienes recibidos de una parte vinculada. State tax filing requirements    Si vende o canjea con ganancia bienes que adquirió de una parte vinculada, usted reconoce la ganancia solamente en la medida en que sea más que la pérdida previamente denegada a la parte vinculada. State tax filing requirements Esta regla es aplicable solamente si es cesionario original y adquiere los bienes mediante compra o intercambio. State tax filing requirements Esta regla no es aplicable si las pérdidas de la parte vinculada fueron denegadas debido a reglas de las ventas ficticias descritas en el capítulo 4 de la Publicación 550 bajo Wash Sales (Ventas ficticias), en inglés. State tax filing requirements   Si vende o canjea con pérdida bienes que adquirió de una parte vinculada, no puede reconocer la pérdida que no fue permisible para la parte vinculada. State tax filing requirements Ejemplo 1. State tax filing requirements Su hermano le vende acciones por $7,600. State tax filing requirements Su base de costo es $10,000. State tax filing requirements Su hermano no puede deducir la pérdida de $2,400. State tax filing requirements Después, usted vende las mismas acciones a una parte no vinculada por $10,500, obteniendo una ganancia de $2,900. State tax filing requirements La ganancia a declarar es $500, es decir, la ganancia de $2,900 menos la pérdida de $2,400 no permitida a su hermano. State tax filing requirements Ejemplo 2. State tax filing requirements Si en el Ejemplo 1 usted vende las acciones por $6,900 en lugar de $10,500, su pérdida reconocida es solamente $700 (su base de $7,600 menos $6,900). State tax filing requirements No puede deducir la pérdida no permitida a su hermano. State tax filing requirements Pérdidas y Ganancias de Capital Esta sección explica el trato tributario de las ganancias y pérdidas de diferentes tipos de transacciones de inversiones. State tax filing requirements Carácter de las pérdidas o ganancias. State tax filing requirements   Debe clasificar sus ganancias y pérdidas como pérdidas o ganancias ordinarias o de capital. State tax filing requirements Luego, debe clasificar sus ganancias y pérdidas de capital, ya sea a corto plazo o a largo plazo. State tax filing requirements Si tiene ganancias y pérdidas a largo plazo, tiene que identificar las ganancias y pérdidas a una tasa de 28%. State tax filing requirements Si tiene ganancias netas de capital, también tiene que identificar toda ganancia no recuperada conforme a la sección 1250. State tax filing requirements   La clasificación e identificación correcta le ayuda a calcular el límite sobre las pérdidas de capital y el impuesto correcto sobre las ganancias de capital. State tax filing requirements La declaración de las ganancias y pérdidas de capital se explica en el capítulo 16 . State tax filing requirements Pérdidas o Ganancias Ordinarias o de Capital Si tiene una ganancia sujeta a impuestos o una pérdida deducible proveniente de una transacción, es posible que sea ganancia o pérdida ordinaria o de capital, dependiendo de las circunstancias. State tax filing requirements Normalmente, la venta o canje de bienes de capital (definido a continuación) resulta en una pérdida o ganancia de capital. State tax filing requirements La venta o canje de bienes que no son de capital generalmente resulta en una pérdida o ganancia ordinaria. State tax filing requirements Según las circunstancias, una pérdida o ganancia sobre la venta o canje de bienes utilizados en su ocupación o negocio puede tratarse como ordinaria o de capital, como se explica en la Publicación 544, en inglés. State tax filing requirements En algunas situaciones, parte de las pérdidas o ganancias puede ser pérdida o ganancia de capital y otra parte puede ser pérdida o ganancia ordinaria. State tax filing requirements Bienes de Capital y Bienes que no Son de Capital La mayor parte de los bienes que usted posee y usa para fines personales, de placer o inversión constituye bienes de capital. State tax filing requirements Ejemplos de éstos incluyen: Acciones o bonos que tenga en su cuenta personal; Una vivienda de la cual usted es dueño y que usan usted y su familia; Mobiliario doméstico; Un automóvil usado para recreación o para trasladarse de su hogar a su trabajo; Colecciones de monedas o estampillas; Gemas y joyas y Oro, plata o cualquier otro metal. State tax filing requirements Todo bien que usted posea es bien de capital, a excepción de los siguientes bienes que no son de capital: Los bienes que posee principalmente para la venta a clientes o que físicamente formarán parte de la mercancía para la venta a clientes. State tax filing requirements Para una excepción a esta regla, vea Obras Musicales de Creación Propia Tratadas como Bienes de Capital , más adelante. State tax filing requirements Bienes depreciables usados en su ocupación o negocio, aun cuando estén completamente depreciados. State tax filing requirements Bienes raíces que usa en su ocupación o negocio. State tax filing requirements Derechos de autor, composiciones literarias, musicales o artísticas, cartas o memorandos, o bienes similares que sean: Creados con su propio esfuerzo, Preparados o producidos para usted (en el caso de una carta, memorándum o bienes similares) o Adquiridos bajo ciertas circunstancias (por ejemplo, como regalo), dándole a usted derecho a la base de la persona que creó la propiedad o para quien se preparó o se produjo. State tax filing requirements Para una excepción a esta regla, vea Obras Musicales de Creación Propia Tratadas como Bienes de Capital , más adelante. State tax filing requirements Cuentas o documentos por cobrar adquiridos en el curso normal de su ocupación o negocio por servicios prestados o provenientes de la venta de bienes que se describen en el punto (1). State tax filing requirements Publicaciones del Gobierno de los Estados Unidos que recibió del gobierno en forma gratuita o por menos del precio de venta normal, o que compró en circunstancias que le dieron derecho a la base de alguien que recibió las publicaciones en forma gratuita o por menos del precio de venta normal. State tax filing requirements Algunos instrumentos financieros derivados de productos básicos mantenidos por revendedores de derivados de productos básicos. State tax filing requirements Transacciones de cobertura, pero sólo si la transacción está claramente identificada como transacción de este tipo antes del cierre del día en que se adquirió, se originó o en que usted la firmó. State tax filing requirements Suministros del tipo que se usa o consume regularmente en el curso normal de su ocupación o negocio. State tax filing requirements Bienes de Inversión Los bienes de inversión son bienes de capital. State tax filing requirements Normalmente, una ganancia o pérdida proveniente de su venta o canje es una ganancia o pérdida de capital. State tax filing requirements Oro, plata, estampillas, monedas, gemas, etcétera. State tax filing requirements   Éstos son bienes de capital, excepto cuando están en posesión de un revendedor con fines de venta. State tax filing requirements Normalmente, la pérdida o ganancia que asume de esta venta o canje es una pérdida o ganancia de capital. State tax filing requirements Acciones, derechos de suscripción y bonos. State tax filing requirements   Todo lo anterior (incluidas las acciones recibidas como dividendo) son bienes de capital, excepto cuando un revendedor de valores los tiene para la venta. State tax filing requirements Sin embargo, si posee acciones de un pequeño negocio, consulte Pérdidas en Acciones conforme a la Sección 1244 (Pequeño Negocio) , más adelante, y Losses on Small Business Investment Company Stock (Pérdidas sobre acciones de sociedad inversionista especializada en pequeños negocios), en el capítulo 4 de la Publicación 550, en inglés. State tax filing requirements Bienes de Uso Personal Los bienes mantenidos sólo para uso personal y no para inversión son bienes de capital y, por lo tanto, tiene que declarar una ganancia procedente de su venta como ganancia de capital. State tax filing requirements Sin embargo, no puede deducir una pérdida por la venta de bienes de uso personal. State tax filing requirements Obras Musicales de Creación Propia Tratadas como Bienes de Capital Puede optar por tratar las obras musicales y los derechos de autor asociados con obras musicales como bienes de capital al venderlos o intercambiarlos si: Creó dichos bienes por medio de sus propios esfuerzos o Adquirió los bienes bajo condiciones (como regalo, por ejemplo) que le dieron derecho a la base de la persona que creó dichos bienes o de la persona para quien fueron preparados o producidos. State tax filing requirements Tiene que elegir una opción distinta para cada obra musical (o derecho de autor asociado con una obra musical) vendida o intercambiada durante el año tributario. State tax filing requirements Tiene que elegir la opción en, o antes de, la fecha de vencimiento del plazo de entrega (incluyendo prórrogas) de la declaración de impuestos del año de la venta o intercambio. State tax filing requirements Tiene que anotar la opción en el Formulario 8949, considerando la venta o intercambio como venta o intercambio de bienes de capital, conforme al Formulario 8949, el Anexo D (Formulario 1040) y sus instrucciones por separado, en inglés. State tax filing requirements Si desea obtener más información sobre el Formulario 8949 y el Anexo D (Formulario 1040), vea Cómo Declarar Ganancias y Pérdidas de Capital en el capítulo 16. State tax filing requirements Además, vea el Anexo D (Formulario 1040), el Formulario 8949 y sus instrucciones por separado, en inglés. State tax filing requirements Puede revocar esta opción si el IRS se lo aprueba. State tax filing requirements Para obtener la aprobación del IRS, tiene que enviar una solicitud al IRS para que éste le provea una carta de decisión sobre este asunto tributario conforme al Revenue Procedure (Procedimiento tributario) correspondiente a su situación. State tax filing requirements Vea, por ejemplo, el Procedimiento Tributario 2013-1, rectificado por el Anuncio 2013-9, que fue ampliado y modificado a su vez por el Procedimiento Tributario 2013-32, en el Internal Revenue Bulletin (Boletín de Impuestos Internos), en inglés, en www. State tax filing requirements irs. State tax filing requirements gov/irb/2013-01_IRB/ar06. State tax filing requirements html. State tax filing requirements Como alternativa, se le otorga una prórroga automática de 6 meses a partir de la fecha de vencimiento del plazo de entrega de su declaración de impuestos sobre el ingreso (excluyendo prórrogas) para revocar la opción, con la condición de que presente a tiempo la declaración de impuestos sobre el ingreso y, durante este plazo de prórroga de 6 meses, presente el Formulario 1040X en el que la venta o intercambio se considere como venta o intercambio de bienes no de capital. State tax filing requirements Instrumentos de Deuda Descontados Trate como ganancia o pérdida de capital su pérdida o ganancia de la venta, rescate o retiro de un bono u otro instrumento de deuda originalmente emitido con descuento o comprado con descuento, excepto según se explica a continuación. State tax filing requirements Deudas gubernamentales a corto plazo. State tax filing requirements   Trate las ganancias sobre las deudas de un gobierno federal, estatal o local a corto plazo (que no sean deudas exentas de impuestos) como ingresos ordinarios hasta su parte proporcional del descuento de adquisición. State tax filing requirements Este trato se aplica a deudas que tienen una fecha de vencimiento fija de no más de 1 año a partir de la fecha de emisión. State tax filing requirements El descuento de adquisiciones es el precio de rescate establecido al vencimiento menos la base de la deuda. State tax filing requirements   Sin embargo, no trate estas ganancias como ingreso en la medida en que haya incluido previamente el descuento en los ingresos. State tax filing requirements Consulte Discount on Short-Term Obligations (Descuento sobre deudas a corto plazo) en el capítulo 1 de la Publicación 550, en inglés. State tax filing requirements Deudas no gubernamentales a corto plazo. State tax filing requirements   Trate las ganancias sobre las deudas no gubernamentales a corto plazo como ingresos ordinarios hasta su parte proporcional del descuento de la emisión original (OID, por sus siglas en inglés). State tax filing requirements Este trato se aplica a deudas que tienen una fecha de vencimiento fija de no más de 1 año a partir de la fecha de emisión. State tax filing requirements   Sin embargo, no tiene que volver a incluir en los ingresos la parte del descuento que haya incluido previamente en los mismos. State tax filing requirements Consulte Discount on Short-Term Obligations (Descuento sobre deudas a corto plazo) en el capítulo 1 de la Publicación 550, en inglés. State tax filing requirements Bonos de gobiernos estatales y locales exentos de impuestos. State tax filing requirements   Si estos bonos se emitieron originalmente con un descuento antes del 4 de septiembre de 1982, o bien si los adquirió antes del 2 de marzo de 1984, trate su parte del OID como intereses exentos de impuestos. State tax filing requirements Para calcular las pérdidas o ganancias por la venta o canje de estos bonos, reste su parte del OID de la cantidad obtenida. State tax filing requirements   Si los bonos fueron emitidos después del 3 de septiembre de 1982 y adquiridos después del 1 de marzo de 1984, sume a la base ajustada su parte del OID para calcular la pérdida o ganancia. State tax filing requirements Para obtener más información acerca de la base de estos bonos, consulte Discounted Debt Instruments (Instrumentos de deuda descontados) en el capítulo 4 de la Publicación 550, en inglés. State tax filing requirements   Normalmente, las ganancias del descuento comercial están sujetas a impuestos sobre la enajenación o rescate de los bonos exentos de impuestos. State tax filing requirements Si compró los bonos antes del 1 de mayo de 1993, la ganancia del descuento comercial es una ganancia de capital. State tax filing requirements Si compró los bonos después del 30 de abril de 1993, la ganancia constituye ingresos ordinarios. State tax filing requirements   Usted calcula el descuento comercial restando el precio que pagó por el bono de la suma del precio original de emisión del bono y la cantidad del OID acumulado desde la fecha de emisión que representó intereses para los accionistas anteriores. State tax filing requirements Para obtener más información, consulte Market Discount Bonds (Bonos con descuento en el mercado) en el capítulo 1 de la Publicación 550, en inglés. State tax filing requirements    Una pérdida sobre la venta u otra enajenación de bonos de gobiernos estatales o locales exentos de impuestos es deducible como pérdida de capital. State tax filing requirements Rescate antes del vencimiento. State tax filing requirements   Si un bono local o estatal emitido antes del 9 de junio de 1980 se rescata antes de su vencimiento, entonces el OID no le está sujeto a impuestos a usted. State tax filing requirements   Si un bono local o estatal emitido después del 8 de junio de 1980 se rescata antes de su vencimiento, entonces la parte del OID que generó ingresos mientras tuvo el bono no le está sujeto a impuestos a usted. State tax filing requirements Sin embargo, tiene que declarar la parte no devengada del OID como ganancia de capital. State tax filing requirements Ejemplo. State tax filing requirements El 2 de julio de 2002, fecha de emisión, usted compró un bono municipal de 6% a 20 años por $800. State tax filing requirements La cantidad nominal del bono fue $1,000. State tax filing requirements El descuento de $200 se atribuyó al OID. State tax filing requirements En el momento en que se emitió el bono, el emisor no tenía intención de rescatarlo antes de su vencimiento. State tax filing requirements El bono fue rescatable en su cantidad nominal después de 10 años de la fecha de emisión. State tax filing requirements El emisor rescató el bono al término de 11 años (2 de julio de 2013) por la cantidad nominal de $1,000, más los intereses anuales devengados de $60. State tax filing requirements El OID de $73, obtenido durante el tiempo que tuvo el bono, no está sujeto a impuestos. State tax filing requirements Los intereses anuales devengados de $60 tampoco están sujetos a impuestos. State tax filing requirements Sin embargo, tiene que declarar la parte no devengada del OID ($127) como ganancia de capital. State tax filing requirements Instrumentos de deuda a largo plazo emitidos después de 1954 y antes del 28 de mayo de 1969 (o antes del 2 de julio de 1982 si son instrumentos de gobierno). State tax filing requirements   Si vende, canjea o rescata para obtener ganancia uno de estos instrumentos de deuda, el ingreso ordinario será la parte de la ganancia que no sea superior a la parte proporcional del OID al momento de la venta o rescate. State tax filing requirements El resto de la ganancia es ganancia de capital. State tax filing requirements Sin embargo, si hubo intención de rescatar el instrumento de deuda antes de su vencimiento, toda la ganancia que no supere el total del OID se tratará como ingreso ordinario al momento de la venta. State tax filing requirements Este trato de ganancia sujeta a impuestos también es aplicable a los instrumentos de sociedades anónimas emitidos después del 27 de mayo de 1969, conforme a un acuerdo escrito vinculante a partir del 27 de mayo de 1969, y en todo momento después de esta fecha. State tax filing requirements Instrumentos de deuda a largo plazo emitidos después del 27 de mayo de 1969 (o después del 1 de julio de 1982 si son instrumentos de gobierno). State tax filing requirements   Si es dueño de uno de estos instrumentos de deuda, tiene que incluir una parte del OID en su ingreso bruto cada año que posee el instrumento. State tax filing requirements Su base de dicho instrumento de deuda aumenta con la cantidad del OID que incluyó en sus ingresos brutos. State tax filing requirements Consulte Descuento de la Emisión Original (OID) en el capítulo 7 para obtener información acerca del OID que tiene que declarar en su declaración de impuestos. State tax filing requirements   Si vende o canjea el instrumento de deuda antes de su vencimiento, la ganancia que obtiene es ganancia de capital. State tax filing requirements Sin embargo, si al momento de la emisión original del instrumento hubo una intención de rescatarlo antes de su vencimiento, normalmente la ganancia es ganancia ordinaria hasta el límite del total del OID menos las cantidades del OID que previamente se incluyeron en sus ingresos. State tax filing requirements En este caso, el resto de la ganancia es ganancia de capital. State tax filing requirements Bonos con descuento en el mercado. State tax filing requirements   Si el instrumento de deuda tiene descuento en el mercado y usted optó por incluir en el ingreso el descuento a medida que se acumulaba, aumente su base en el instrumento de deuda por el descuento acumulado para calcular la pérdida o ganancia de capital sobre la enajenación. State tax filing requirements Si optó por no incluir en el ingreso el descuento a medida que se acumulaba, tiene que declarar la ganancia como ingreso ordinario de intereses hasta el monto del descuento comercial acumulado del instrumento. State tax filing requirements El resto son ganancias de capital. State tax filing requirements Consulte Market Discount Bonds (Bonos de descuento en el mercado) en el capítulo 1 de la Publicación 550, en inglés. State tax filing requirements   Se aplica una regla diferente a los bonos con descuento en el mercado emitidos antes del 19 de julio de 1984 y comprados por usted antes del 1 de mayo de 1993. State tax filing requirements Consulte Market discount bonds (Bonos de descuento en el mercado) bajo Discounted Debt Instruments (Instrumentos de deuda descontados) en el capítulo 4 de la Publicación 550, en inglés. State tax filing requirements Redención de instrumento de deuda. State tax filing requirements   Las cantidades recibidas por la redención de un instrumento de deuda se tratan del mismo modo que si hubiera vendido o canjeado dicho instrumento. State tax filing requirements Pagarés de personas físicas. State tax filing requirements   Si mantiene la deuda de una persona física que se emitió con OID después del 1 de marzo de 1984, generalmente tiene que incluir el OID en su ingreso actual, y las pérdidas o ganancias sobre la venta o redención de la deuda son, por lo general, pérdidas o ganancias de capital. State tax filing requirements Se aplica una excepción a este caso si la deuda es un préstamo entre personas físicas y se satisfacen los requisitos siguientes: El prestamista no se dedica al negocio de prestar dinero. State tax filing requirements La cantidad del préstamo, más la cantidad de los préstamos anteriores pendientes, es $10,000 o menos. State tax filing requirements La evasión de impuestos federales no es uno de los principales objetivos del préstamo. State tax filing requirements   Si corresponde la excepción, o si la deuda fue emitida antes del 2 de marzo de 1984, usted no incluye el OID en sus ingresos actuales. State tax filing requirements Cuando venda o rescate la deuda, la parte de su ganancia que no sea superior a la parte devengada del OID en ese momento es ingreso ordinario. State tax filing requirements El resto de la ganancia, si la hay, es ganancia de capital. State tax filing requirements Las pérdidas sobre las ventas o rescates son pérdidas de capital. State tax filing requirements Depósito en Instituciones Financieras Insolventes o en Quiebra Si pierde dinero que tenga depositado en un banco, cooperativa de crédito u otra institución financiera que ya no es solvente o está en bancarrota, tal vez pueda deducir su pérdida en una de las tres maneras siguientes: Pérdida ordinaria. State tax filing requirements Pérdida fortuita. State tax filing requirements Deuda incobrable no comercial (pérdida de capital a corto plazo). State tax filing requirements  Para más información, vea Deposit in Insolvent or Bankrupt Financial Institution (Depósito en institución financiera insolvente o en quiebra) en el capítulo 4 de la Publicación 550, en inglés. State tax filing requirements Venta de Anualidad Se considera ingreso ordinario la parte de una ganancia sobre la venta de un contrato de anualidad antes de su fecha de vencimiento y que se basa en los intereses acumulados en el contrato. State tax filing requirements Pérdidas en Acciones Conforme a la Sección 1244 (Pequeño Negocio) Usted puede deducir su pérdida proveniente de la venta, canje o falta de valor de acciones conforme a la sección 1244 como una pérdida ordinaria en vez de una pérdida de capital. State tax filing requirements Declare la pérdida en la línea 10 del Formulario 4797. State tax filing requirements Toda ganancia sobre acciones conforme a la sección 1244 es ganancia de capital si las acciones son bienes de capital en su mano. State tax filing requirements Declare la ganancia en el Formulario 8949. State tax filing requirements Consulte Losses on Section 1244 (Small Business) Stock (Pérdidas de acciones (de pequeño negocio) conforme a la sección 1244), en el capítulo 4 de la Publicación 550, en inglés. State tax filing requirements Si desea obtener más información sobre el Formulario 8949 y el Anexo D (Formulario 1040), vea Cómo Declarar Ganancias y Pérdidas de Capital en el capítulo 16. State tax filing requirements Además, vea el Anexo D (Formulario 1040), el Formulario 8949 y sus instrucciones por separado, en inglés. State tax filing requirements Período de Tenencia Si vendió o canjeó bienes de inversión, tiene que determinar el período de tenencia de los bienes. State tax filing requirements Su período de tenencia determina si una pérdida o ganancia de capital fue a corto o largo plazo. State tax filing requirements Corto o largo plazo. State tax filing requirements   Si mantiene bienes de inversión por más de 1 año, las pérdidas o ganancias de capital son a largo plazo. State tax filing requirements Si mantiene bienes por 1 año o menos, las pérdidas o ganancias de capital son a corto plazo. State tax filing requirements   Para determinar el tiempo en que tuvo bienes de inversión, empiece a contar a partir del día siguiente a la fecha en que adquirió los bienes. State tax filing requirements El día en que enajenó los bienes forma parte del período de tenencia. State tax filing requirements Ejemplo. State tax filing requirements Si compró bienes de inversión el 6 de febrero de 2012 y los vendió el 6 de febrero de 2013, el período de tenencia no es superior a un 1 año y, por lo tanto, tiene pérdida o ganancia de capital a corto plazo. State tax filing requirements Si vendió los bienes el 7 de febrero de 2013, el período de tenencia es superior a un 1 año y, por lo tanto, tiene una pérdida o ganancia de capital a largo plazo. State tax filing requirements Valores cotizados en un mercado establecido. State tax filing requirements   En lo que respecta a valores cotizados en un mercado de valores establecido, el período de tenencia comienza el día siguiente a la fecha de transacción en que compró los valores y termina en la fecha de transacción en que los vendió. State tax filing requirements    No confunda la fecha de transacción con la fecha de liquidación, para la cual es la fecha en que se tienen que entregar las acciones y se tiene que efectuar el pago. State tax filing requirements Ejemplo. State tax filing requirements Usted es contribuyente con base de método de efectivo y año natural para la presentación de su declaración. State tax filing requirements El 30 de diciembre de 2013, vendió acciones con ganancias. State tax filing requirements Según las reglas de la bolsa, la venta se cerró con la entrega de las acciones 4 días comerciales después de la venta, el 6 de enero de 2014. State tax filing requirements Recibió el pago del valor de la venta el mismo día. State tax filing requirements Declare la ganancia en la declaración del año 2013, aunque haya recibido el pago en el año 2014. State tax filing requirements La ganancia es a largo o corto plazo dependiendo de si tuvo las acciones más de un año. State tax filing requirements Su período de tenencia terminó el 30 de diciembre. State tax filing requirements Si hubiera vendido las acciones con pérdidas, también habría declarado las pérdidas en su declaración del año 2013. State tax filing requirements Pagarés y bonos del Tesoro de los Estados Unidos. State tax filing requirements   El período de tenencia de pagarés y bonos de los EE. State tax filing requirements UU. State tax filing requirements vendidos en subasta en base a su rendimiento se inicia el día después de que el Secretario del Tesoro, mediante comunicados de prensa, dé notificación a los postores cuyas ofertas hayan sido aceptadas. State tax filing requirements El período de tenencia de pagarés y bonos de los EE. State tax filing requirements UU. State tax filing requirements con rendimiento determinado vendidos en base a suscripciones se inicia el día después de que se presente la suscripción. State tax filing requirements Servicio de inversión automático. State tax filing requirements   Al determinar el período de tenencia de acciones compradas a través del banco u otro agente, se considera que las acciones enteras se compraron al inicio y las acciones fraccionarias se compraron al final. State tax filing requirements El período de tenencia de usted comienza el día siguiente de la fecha de compra del banco. State tax filing requirements Si una acción se compró en más de una fecha de compra, el período de tenencia de esa acción es un período de tenencia dividido. State tax filing requirements Se considera que se compró una parte de esa acción en cada fecha en que el banco haya comprado la acción con pagos procedentes de fondos disponibles. State tax filing requirements Canjes no sujetos a impuestos. State tax filing requirements   Si adquiere bienes de inversión en un canje por otros bienes de inversión y la base de los nuevos bienes está determinada, en su totalidad o en parte, por la base de los antiguos bienes, el período de tenencia de los nuevos bienes comienza el día siguiente de la fecha en que adquirió los antiguos bienes. State tax filing requirements Bienes recibidos como regalo. State tax filing requirements   Si recibe un regalo de bienes y la base se determina por la base ajustada del donante, se considera que el período de tenencia ha empezado el mismo día en que empezó el período de tenencia del donante. State tax filing requirements   Si la base está determinada por el valor justo de mercado de los bienes, el período de tenencia comienza el día siguiente de la fecha del regalo. State tax filing requirements Bienes heredados. State tax filing requirements   Por lo general, si usted heredó bienes de inversión, su ganancia o pérdida de capital en cualquier enajenación que realice luego con ese bien es una ganancia o pérdida de capital a largo plazo. State tax filing requirements Esto es así independientemente de cuánto tiempo usted tuvo el bien como su propiedad. State tax filing requirements Sin embargo, si usted heredó los bienes de alguien que falleció en el 2010, vea la información que aparece a continuación. State tax filing requirements Bienes heredados de una persona que falleció en el año 2010. State tax filing requirements   Si hereda bienes de inversión de un difunto que falleció en el año 2010, y el albacea del patrimonio del difunto optó por presentar el Formulario 8939, consulte la información provista por el albacea o vea la Publicación 4895, Tax Treatment of Property Acquired From a Decedent Dying in 2010 (Trato tributario de bienes adquiridos de un difunto que falleció en 2010), en inglés, para determinar su período de tenencia. State tax filing requirements Bienes raíces comprados. State tax filing requirements   Para calcular el tiempo que tuvo bienes raíces comprados conforme a un contrato incondicional, empiece a contar el día después de la fecha en que recibió el título de los bienes o la fecha después de la que tomó posesión de los bienes y asumió las obligaciones y privilegios de propietario, lo que sucediera primero. State tax filing requirements Sin embargo, aceptar la entrega o tomar posesión de bienes raíces conforme a un contrato de opción no es suficiente para comenzar el período de tenencia. State tax filing requirements El período de tenencia no puede comenzar hasta que haya un contrato de venta real. State tax filing requirements El período de tenencia del vendedor no puede terminar antes de esa fecha. State tax filing requirements Si recupera la posesión de bienes raíces. State tax filing requirements   Si vende bienes raíces pero retiene un derecho prendario a los mismos, y más adelante recupera la posesión de dichos bienes raíces según los términos del contrato de venta, el período de tenencia correspondiente a una venta posterior abarca el período durante el cual fue dueño de los bienes raíces antes de la primera venta y el período después de que haya recuperado la posesión de los mismos. State tax filing requirements El período de tenencia no incluye el período entre la primera venta y la recuperación de la posesión de los bienes raíces. State tax filing requirements Es decir, no incluye el período durante el cual el primer comprador fue dueño de dichos bienes raíces. State tax filing requirements Dividendos de acciones. State tax filing requirements   El período de tenencia de las acciones que usted recibió como dividendo de acciones sujeto a impuestos comienza en la fecha de distribución. State tax filing requirements   El período de tenencia de acciones nuevas que recibió como dividendo de acciones no sujeto a impuestos comienza el mismo día que el período de tenencia de las antiguas acciones. State tax filing requirements Esta regla también se aplica a acciones adquiridas en una “escisión”, lo cual es una distribución de acciones o valores en una sociedad anónima controlada. State tax filing requirements Derechos de suscripción no sujetos a impuestos. State tax filing requirements   El período de tenencia de derechos de suscripción no sujetos a impuestos comienza el mismo día que el período de tenencia de las acciones precedentes. State tax filing requirements El período de tenencia de acciones adquiridas a través del ejercicio de derechos de suscripción comienza en la fecha en que se ejerció el derecho. State tax filing requirements Deudas Incobrables no Empresariales Si alguien le debe dinero que usted no puede cobrar, entonces tiene una deuda incobrable. State tax filing requirements Tal vez pueda deducir la cantidad adeudada cuando calcule su impuesto para el año en que la deuda pierda todo su valor. State tax filing requirements Normalmente, las deudas incobrables no empresariales son deudas incobrables que no obtuvo en el transcurso de la operación de su ocupación o negocio, y son deducibles como pérdidas de capital a corto plazo. State tax filing requirements Para que las deudas incobrables no comerciales sean deducibles, tienen que perder totalmente su valor. State tax filing requirements No puede deducir una deuda no comercial que ha perdido sólo parte de su valor. State tax filing requirements Requisito de deuda genuina. State tax filing requirements   Una deuda tiene que ser genuina para que pueda deducir la pérdida. State tax filing requirements Una deuda es genuina si surge de una relación deudor−acreedor que se basa en una obligación válida y ejecutable de reembolsar una suma de dinero fija o determinable. State tax filing requirements Requisito de base en la deuda incobrable. State tax filing requirements    Para deducir una deuda incobrable, tiene que tener una base en la misma, es decir, tiene que haber incluido previamente la cantidad en sus ingresos o haber prestado su efectivo. State tax filing requirements Por ejemplo, no puede declarar una deducción por deuda incobrable por una pensión por orden judicial para hijos menores que su ex cónyuge no haya pagado. State tax filing requirements Si es contribuyente con base de método a base de efectivo (como la mayoría de las personas físicas), normalmente no puede declarar una deducción por deuda incobrable por sueldos, salarios, alquileres, honorarios, intereses, dividendos y conceptos similares no pagados. State tax filing requirements Cuándo son deducibles las deudas incobrables. State tax filing requirements   Puede tomar una deducción por deuda incobrable sólo en el año en que la deuda pierde su valor. State tax filing requirements No tiene que esperar el vencimiento de una deuda para saber si ha perdido su valor. State tax filing requirements Una deuda pierde su valor cuando ya no cabe la posibilidad de que se pague la cantidad adeudada. State tax filing requirements   No es necesario llevar el asunto ante los tribunales si puede demostrar que la deuda sería incobrable a pesar de una sentencia de compensación monetaria dictada por un tribunal. State tax filing requirements Sólo tiene que demostrar que ha tomado medidas razonables para cobrar la deuda. State tax filing requirements En la mayoría de los casos, la quiebra del deudor demuestra suf
Español

Department of Veterans Affairs (VA)

For information about VA medical care or benefits, write, call or visit your nearest VA facility.

Contact the Agency or Department

Website: Department of Veterans Affairs (VA)

Contact In-Person: Find Facilities and Services Near You

Address: 810 Vermont Ave NW
Washington, DC 20420

Toll-free: (800) 827-1000(800) 273-8255 (Veterans Crisis Line-Press 1)

TTY: (800) 829-4833

The State Tax Filing Requirements

State tax filing requirements Publication 929 - Main Content Table of Contents Part 1. State tax filing requirements Rules for All Dependents Filing RequirementsEarned Income Only Unearned Income Only Both Earned and Unearned Income Other Filing Requirements Should a Return Be Filed Even If Not Required? Responsibility for Child's ReturnThird party designee. State tax filing requirements Designated as representative. State tax filing requirements IRS notice. State tax filing requirements Standard DeductionStandard Deduction of Zero Dependent's Own Exemption Withholding From WagesExceptions. State tax filing requirements Part 2. State tax filing requirements Tax on Unearned Income of Certain ChildrenWhich Parent's Return To Use Parent's Election To Report Child's Interest and DividendsEffect of Making the Election Figuring Child's Income Figuring Additional Tax Tax for Certain Children Who Have Unearned IncomeProviding Parental Information (Form 8615, Lines A–C) Step 1. State tax filing requirements Figuring the Child's Net Unearned Income (Form 8615, Part I) Step 2. State tax filing requirements Figuring a Tentative Tax at the Parent's Tax Rate (Form 8615, Part II) Step 3. State tax filing requirements Figuring the Child's Tax (Form 8615, Part III) Alternative Minimum Tax Illustrated Example Part 1. State tax filing requirements Rules for All Dependents This part of the publication discusses the filing requirements for dependents, who is responsible for a child's return, how to figure a dependent's standard deduction and exemption (if any), and whether a dependent can claim exemption from federal income tax withholding. State tax filing requirements Filing Requirements Whether a dependent has to file a return generally depends on the amount of the dependent's earned and unearned income and whether the dependent is married, is age 65 or older, or is blind. State tax filing requirements A dependent may have to file a return even if his or her income is less than the amount that would normally require a return. State tax filing requirements See Other Filing Requirements, later. State tax filing requirements The following sections apply to dependents with: Earned income only, Unearned income only, and Both earned and unearned income. State tax filing requirements  To find out whether a dependent must file, read the section that applies, or use Table 1. State tax filing requirements Earned Income Only A dependent whose gross income is only earned income must file a return if the gross income is more than the amount listed in the following table. State tax filing requirements Marital Status Amount Single   Under 65 and not blind $6,100 Either 65 or older or blind $7,600 65 or older and blind $9,100 Married*   Under 65 and not blind $6,100 Either 65 or older or blind $7,300 65 or older and blind $8,500 *If a dependent's spouse itemizes deductions on a separate return, the dependent must file a return if the dependent has $5 or more of gross income (earned and/or unearned). State tax filing requirements Example. State tax filing requirements William is 16. State tax filing requirements His mother claims an exemption for him on her income tax return. State tax filing requirements He worked part time on weekends during the school year and full time during the summer. State tax filing requirements He earned $7,000 in wages. State tax filing requirements He did not have any unearned income. State tax filing requirements He must file a tax return because he has earned income only and his gross income is more than $6,100. State tax filing requirements If he is blind, he does not have to file a return because his gross income is not more than $7,600. State tax filing requirements Unearned Income Only A dependent whose gross income is only unearned income must file a return if the gross income is more than the amount listed in the following table. State tax filing requirements Marital Status Amount Single   Under 65 and not blind $1,000 Either 65 or older or blind $2,500 65 or older and blind $4,000 Married*   Under 65 and not blind $1,000 Either 65 or older or blind $2,200 65 or older and blind $3,400 *If a dependent's spouse itemizes deductions on a separate return, the dependent must file a return if the dependent has $5 or more of gross income (earned and/or unearned). State tax filing requirements Example. State tax filing requirements Sarah is 18 and single. State tax filing requirements Her parents can claim an exemption for her on their income tax return. State tax filing requirements She received $1,970 of taxable interest and dividend income. State tax filing requirements She did not work during the year. State tax filing requirements She must file a tax return because she has unearned income only and her gross income is more than $1,000. State tax filing requirements If she is blind, she does not have to file a return because she has unearned income only and her gross income is not more than $2,500. State tax filing requirements Election to report child's unearned income on parent's return. State tax filing requirements   A parent of a child under age 19 (or under age 24 if a full-time student) may be able to elect to include the child's interest and dividend income on the parent's return. State tax filing requirements See Parent's Election To Report Child's Interest and Dividends in Part 2. State tax filing requirements If the parent makes this election, the child does not have to file a return. State tax filing requirements Both Earned and Unearned Income A dependent who has both earned and unearned income generally must file a return if the dependent's gross income is more than line 5 of the following worksheet. State tax filing requirements Filing Requirement Worksheet for Most Dependents 1. State tax filing requirements Enter dependent's earned income plus $350     2. State tax filing requirements Minimum amount   $1,000 3. State tax filing requirements Compare lines 1 and 2. State tax filing requirements Enter the larger amount     4. State tax filing requirements Maximum amount   6,100 5. State tax filing requirements Compare lines 3 and 4. State tax filing requirements Enter the smaller amount     6. State tax filing requirements Enter the dependent's gross income. State tax filing requirements If line 6 is more than line 5, the dependent must file an income tax return. State tax filing requirements If the dependent is married and his or her spouse itemizes deductions on a separate return, the dependent must file an income tax return if line 6 is $5 or more. State tax filing requirements       Table 1. State tax filing requirements 2013 Filing Requirements for Dependents If your parent (or someone else) can claim you as a dependent, use this table to see if you must file a return. State tax filing requirements   See the definitions of “dependent,”“earned income,”“unearned income,” and “gross income” in the Glossary. State tax filing requirements   Single dependents—Were you either age 65 or older or blind?     No. State tax filing requirements You must file a return if any of the following apply. State tax filing requirements       Your unearned income was over $1,000. State tax filing requirements Your earned income was over $6,100. State tax filing requirements Your gross income was more than the larger of—       $1,000, or Your earned income (up to $5,750) plus $350. State tax filing requirements         Yes. State tax filing requirements You must file a return if any of the following apply. State tax filing requirements     Your unearned income was over $2,500 ($4,000 if 65 or older and blind), Your earned income was over $7,600 ($9,100 if 65 or older and blind), Your gross income was more than the larger of—       $2,500 ($4,000 if 65 or older and blind), or Your earned income (up to $5,750) plus $1,850 ($3,350 if 65 or older and blind). State tax filing requirements       Married dependents—Were you either age 65 or older or blind?     No. State tax filing requirements You must file a return if any of the following apply. State tax filing requirements       Your gross income was at least $5 and your spouse files a separate return and itemizes deductions. State tax filing requirements Your unearned income was over $1,000. State tax filing requirements Your earned income was over $6,100. State tax filing requirements Your gross income was more than the larger of—       $1,000, or Your earned income (up to $5,750) plus $350. State tax filing requirements       Yes. State tax filing requirements You must file a return if any of the following apply. State tax filing requirements       Your gross income was at least $5 and your spouse files a separate return and itemizes deductions. State tax filing requirements Your unearned income was over $2,200 ($3,400 if 65 or older and blind), Your earned income was over $7,300 ($8,500 if 65 or older and blind), Your gross income was more than the larger of—       $2,200 ($3,400 if 65 or older and blind), or Your earned income (up to $5,750) plus $1,550 ($2,750 if 65 or older and blind). State tax filing requirements       Example 1. State tax filing requirements Joe is 20, single, not blind, and a full-time college student. State tax filing requirements He does not provide more than half of his own support, and his parents claim an exemption for him on their income tax return. State tax filing requirements He received $200 taxable interest income and earned $2,750 from a part-time job. State tax filing requirements He does not have to file a tax return because his gross income of $2,950 ($200 interest plus $2,750 in wages) is not more than $3,100, the amount on line 5 of his filled-in Filing Requirement Worksheet for Most Dependents (shown next). State tax filing requirements Filled-in Example 1 Filing Requirement Worksheet  for Most Dependents 1. State tax filing requirements Enter dependent's earned income plus $350   $ 3,100 2. State tax filing requirements Minimum amount   1,000 3. State tax filing requirements Compare lines 1 and 2. State tax filing requirements Enter the larger amount   3,100 4. State tax filing requirements Maximum amount   6,100 5. State tax filing requirements Compare lines 3 and 4. State tax filing requirements Enter the smaller amount   3,100 6. State tax filing requirements Enter the dependent's gross income. State tax filing requirements If line 6 is more than line 5, the dependent must file an income tax return. State tax filing requirements If the dependent is married and his or her spouse itemizes deductions on a separate return, the dependent must file an income tax return if line 6 is $5 or more. State tax filing requirements   $ 2,950   Example 2. State tax filing requirements The facts are the same as in Example 1 except that Joe had $600 taxable interest income. State tax filing requirements He must file a tax return because his gross income of $3,350 ($600 interest plus $2,750 wages) is more than $3,100, the amount on line 5 of his filled-in worksheet (shown next). State tax filing requirements Filled-in Example 2 Filing Requirement Worksheet for Most Dependents 1. State tax filing requirements Enter dependent's earned income plus $350   $ 3,100 2. State tax filing requirements Minimum amount   1,000 3. State tax filing requirements Compare lines 1 and 2. State tax filing requirements Enter the larger amount   3,100 4. State tax filing requirements Maximum amount   6,100 5. State tax filing requirements Compare lines 3 and 4. State tax filing requirements Enter the smaller amount   3,100 6. State tax filing requirements Enter the dependent's gross income. State tax filing requirements If line 6 is more than line 5, the dependent must file an income tax return. State tax filing requirements If the dependent is married and his or her spouse itemizes deductions on a separate return, the dependent must file an income tax return if line 6 is $5 or more. State tax filing requirements   $ 3,350   Age 65 or older or blind. State tax filing requirements A dependent who is age 65 or older or blind must file a return if his or her gross income is more than line 7 of the following worksheet. State tax filing requirements Filing Requirement Worksheet  for Dependents Who Are Age 65 or Older or Blind 1. State tax filing requirements Enter dependent's earned income plus $350     2. State tax filing requirements Minimum amount   $1,000 3. State tax filing requirements Compare lines 1 and 2. State tax filing requirements Enter the larger amount     4. State tax filing requirements Maximum amount   6,100 5. State tax filing requirements Compare lines 3 and 4. State tax filing requirements Enter the smaller amount     6. State tax filing requirements Enter the amount from the following table that applies to the dependent       Marital Status Amount     Single         Either 65 or older or blind $1,500       65 or older and blind $3,000     Married         Either 65 or older or blind $1,200       65 or older and blind $2,400   7. State tax filing requirements Add lines 5 and 6. State tax filing requirements Enter the total     8. State tax filing requirements Enter the dependent's gross income. State tax filing requirements If line 8 is more than line 7, the dependent must file an income tax return. State tax filing requirements If the dependent is married and his or her spouse itemizes deductions on a separate return, the dependent must file an income tax return if line 8 is $5 or more     Example 3. State tax filing requirements The facts are the same as in Example 2 except that Joe is also blind. State tax filing requirements He does not have to file a return because his gross income of $3,350 is not more than $4,600, the amount on line 7 of his filled-in Filing Requirement Worksheet for Dependents Who Are Age 65 or Older or Blind (shown next). State tax filing requirements   Filled-in Example 3 Filing Requirement Worksheet  for Dependents Who Are Age 65 or Older or Blind 1. State tax filing requirements Enter dependent's earned income plus $350   $3,100 2. State tax filing requirements Minimum amount   1,000 3. State tax filing requirements Compare lines 1 and 2. State tax filing requirements Enter the larger amount   3,100 4. State tax filing requirements Maximum amount   6,100 5. State tax filing requirements Compare lines 3 and 4. State tax filing requirements Enter the smaller amount   3,100 6. State tax filing requirements Enter the amount from the following table that applies to the dependent   1,500   Marital Status Amount     Single         Either 65 or older or blind $1,500       65 or older and blind $3,000     Married         Either 65 or older or blind $1,200       65 or older and blind $2,400   7. State tax filing requirements Add lines 5 and 6. State tax filing requirements Enter the total   4,600 8. State tax filing requirements Enter the dependent's gross income. State tax filing requirements If line 8 is more than line 7, the dependent must file an income tax return. State tax filing requirements If the dependent is married and his or her spouse itemizes deductions on a separate return, the dependent must file an income tax return if line 8 is $5 or more   $3,350 Other Filing Requirements Some dependents may have to file a tax return even if their income is less than the amount that would normally require them to file a return. State tax filing requirements A dependent must file a tax return if he or she owes any other taxes, such as: Social security and Medicare taxes on tips not reported to his or her employer or on wages received from an employer who did not withhold these taxes, Uncollected social security and Medicare or railroad retirement taxes on tips reported to his or her employer or on group-term life insurance, Alternative minimum tax, Additional tax on a health savings account from Form 8889, Part III, Recapture taxes, such as the tax from recapture of an education credit, or Additional tax on a qualified plan, including an individual retirement arrangement (IRA), or other tax-favored account. State tax filing requirements But if the dependent is filing a return only because of this tax, the dependent can file Form 5329 by itself. State tax filing requirements A dependent must also file a tax return if he or she: Had wages of $108. State tax filing requirements 28 or more from a church or qualified church-controlled organization that is exempt from employer social security and Medicare taxes, or Had net earnings from self-employment of at least $400. State tax filing requirements Spouse itemizes. State tax filing requirements   A dependent must file a return if the dependent's spouse itemizes deductions on a separate return and the dependent has $5 or more of gross income (earned and/or unearned). State tax filing requirements Should a Return Be Filed Even If Not Required? Even if a dependent does not meet any of the filing requirements discussed earlier, he or she should file a tax return if either of the following applies. State tax filing requirements Income tax was withheld from his or her income. State tax filing requirements He or she qualifies for the earned income credit, additional child tax credit, health coverage tax credit, or refundable American opportunity education credit. State tax filing requirements See the tax return instructions to find out who qualifies for these credits. State tax filing requirements  By filing a return, the dependent can get a refund. State tax filing requirements Responsibility for Child's Return Generally, a child is responsible for filing his or her own tax return and for paying any tax, penalties, or interest on that return. State tax filing requirements If a child cannot file his or her own return for any reason, such as age, the child's parent, guardian, or other legally responsible person must file it for the child. State tax filing requirements Signing the child's return. State tax filing requirements   If the child cannot sign his or her return, a parent or guardian must sign the child's name followed by the words “By (signature), parent (or guardian) for minor child. State tax filing requirements ” Authority of parent or guardian. State tax filing requirements   A parent or guardian who signs a return on a child's behalf can deal with the IRS on all matters connected with the return. State tax filing requirements   In general, a parent or guardian who does not sign the child's return can only provide information concerning the child's return and pay the child's tax. State tax filing requirements That parent or guardian is not entitled to receive information from the IRS or legally bind the child to a tax liability arising from the return. State tax filing requirements Third party designee. State tax filing requirements   A child's parent or guardian who does not sign the child's return may be authorized, as a third party designee, to discuss the processing of the return with the IRS as well as provide information concerning the return. State tax filing requirements The child or the person signing the return on the child's behalf must check the “Yes” box in the “Third Party Designee” area of the return and name the parent or guardian as the designee. State tax filing requirements   If designated, a parent or guardian can respond to certain IRS notices and receive information about the processing of the return and the status of a refund or payment. State tax filing requirements This designation does not authorize the parent or guardian to receive any refund check, bind the child to any tax liability, or otherwise represent the child before the IRS. State tax filing requirements See the return instructions for more information. State tax filing requirements Designated as representative. State tax filing requirements   A parent or guardian who does not sign the child's return may be designated as the child's representative by the child or the person signing the return on the child's behalf. State tax filing requirements Form 2848, Power of Attorney and Declaration of Representative, is used to designate a child's representative. State tax filing requirements See Publication 947, Practice Before the IRS and Power of Attorney, for more information. State tax filing requirements   If designated, a parent or guardian can receive information about the child's return but cannot legally bind the child to a tax liability unless authorized to do so by the law of the state in which the child lives. State tax filing requirements IRS notice. State tax filing requirements   If you or the child receives a notice from the IRS concerning the child's return or tax liability, you should immediately inform the IRS that the notice concerns a child. State tax filing requirements The notice will show who to contact. State tax filing requirements The IRS will try to resolve the matter with the parent(s) or guardian(s) of the child consistent with their authority. State tax filing requirements Child's earnings. State tax filing requirements   For federal income tax purposes, amounts a child earns by performing services are included in the gross income of the child and not the gross income of the parent. State tax filing requirements This is true even if, under state law, the parent has the right to the earnings and may actually have received them. State tax filing requirements If the child does not pay the tax due on this income, the parent may be liable for the tax. State tax filing requirements Child's expenses. State tax filing requirements   Deductions for payments that are made out of a child's earnings are the child's, even if the payments are made by the parent. State tax filing requirements Example. State tax filing requirements You made payments on your child's behalf that are deductible as a business expense and a charitable contribution. State tax filing requirements You made the payments out of your child's earnings. State tax filing requirements These items can be deducted only on the child's return. State tax filing requirements Standard Deduction The standard deduction for an individual who can be claimed as a dependent on another person's tax return is generally limited to the larger of: $1,000, or The individual's earned income plus $350, but not more than the regular standard deduction (generally $6,100). State tax filing requirements However, the standard deduction may be higher for a dependent who: Is 65 or older, or Is blind. State tax filing requirements Certain dependents cannot claim any standard deduction. State tax filing requirements See Standard Deduction of Zero , later. State tax filing requirements Worksheet 1. State tax filing requirements   Use Worksheet 1 to figure the dependent's standard deduction. State tax filing requirements Worksheet 1. State tax filing requirements Standard Deduction Worksheet for Dependents Use this worksheet only if someone else can claim you (or your spouse, if filing jointly) as a dependent. State tax filing requirements If you were 65 or older and/or blind, check the correct number of boxes below. State tax filing requirements Put the total number of boxes checked in box c and go to line 1. State tax filing requirements a. State tax filing requirements You 65 or older   Blind   b. State tax filing requirements Your spouse, if claiming  spouse's exemption 65 or older   Blind   c. State tax filing requirements Total boxes checked         1. State tax filing requirements Enter your earned income (defined below) plus $350. State tax filing requirements If none, enter -0-. State tax filing requirements 1. State tax filing requirements     2. State tax filing requirements Minimum amount. State tax filing requirements   2. State tax filing requirements $1,000   3. State tax filing requirements Compare lines 1 and 2. State tax filing requirements Enter the larger of the two amounts here. State tax filing requirements 3. State tax filing requirements     4. State tax filing requirements Enter on line 4 the amount shown below for your filing status. State tax filing requirements       Single or Married filing separately—$6,100 Married filing jointly—$12,200 Head of household—$8,950 4. State tax filing requirements     5. State tax filing requirements Standard deduction. State tax filing requirements         a. State tax filing requirements Compare lines 3 and 4. State tax filing requirements Enter the smaller amount here. State tax filing requirements If under 65 and not blind, stop here. State tax filing requirements This is your standard deduction. State tax filing requirements Otherwise, go on to line 5b. State tax filing requirements 5a. State tax filing requirements     b. State tax filing requirements If 65 or older or blind, multiply $1,500 ($1,200 if married) by the number in box c above. State tax filing requirements Enter the result here. State tax filing requirements 5b. State tax filing requirements     c. State tax filing requirements Add lines 5a and 5b. State tax filing requirements This is your standard deduction for 2013. State tax filing requirements 5c. State tax filing requirements     Earned income includes wages, salaries, tips, professional fees, and other compensation received for personal services you performed. State tax filing requirements It also includes any amount received as a scholarship that you must include in income. State tax filing requirements   Example 1. State tax filing requirements Michael is single, age 15, and not blind. State tax filing requirements His parents can claim him as a dependent on their tax return. State tax filing requirements He has taxable interest income of $800 and wages of $150. State tax filing requirements He enters $500 (his earned income plus $350) on line 1 of Worksheet 1. State tax filing requirements On line 3, he enters $1,000, the larger of $500 or $1,000. State tax filing requirements Michael enters $6,100 on line 4. State tax filing requirements On line 5a, he enters $1,000, the smaller of $1,000 or $6,100. State tax filing requirements His standard deduction is $1,000. State tax filing requirements Example 2. State tax filing requirements Judy, a full-time student, is single, age 22, and not blind. State tax filing requirements Her parents can claim her as a dependent on their tax return. State tax filing requirements She has dividend income of $275 and wages of $2,500. State tax filing requirements She enters $2,850 (her earned income plus $350) on line 1 of Worksheet 1. State tax filing requirements On line 3, she enters $2,850, the larger of $2,850 or $1,000. State tax filing requirements She enters $6,100 on line 4. State tax filing requirements On line 5a, she enters $2,850 (the smaller of $2,850 or $6,100) as her standard deduction. State tax filing requirements Example 3. State tax filing requirements Amy, who is single, is claimed as a dependent on her parents' tax return. State tax filing requirements She is 18 years old and blind. State tax filing requirements She has taxable interest income of $1,000 and wages of $2,000. State tax filing requirements She enters $2,350 (her earned income plus $350) on line 1 of Worksheet 1. State tax filing requirements She enters $2,350 (the larger of $2,350 or $1,000) on line 3, $6,100 on line 4, and $2,350 (the smaller of $2,350 or $6,100) on line 5a. State tax filing requirements Because Amy is blind, she checks the box for blindness and enters “1” in box c at the top of Worksheet 1. State tax filing requirements She enters $1,500 (the number in box c times $1,500) on line 5b. State tax filing requirements Her standard deduction on line 5c is $3,850 ($2,350 + $1,500). State tax filing requirements Standard Deduction of Zero The standard deduction for the following dependents is zero. State tax filing requirements A married dependent filing a separate return whose spouse itemizes deductions. State tax filing requirements A dependent who files a return for a period of less than 12 months due to a change in his or her annual accounting period. State tax filing requirements A nonresident or dual-status alien dependent, unless the dependent is married to a U. State tax filing requirements S. State tax filing requirements citizen or resident alien at the end of the year and chooses to be treated as a U. State tax filing requirements S. State tax filing requirements resident for the year. State tax filing requirements See Publication 519, U. State tax filing requirements S. State tax filing requirements Tax Guide for Aliens, for information on making this choice. State tax filing requirements Example. State tax filing requirements Jennifer, who is a dependent of her parents, is entitled to file a joint return with her husband. State tax filing requirements However, her husband elects to file a separate return and itemize his deductions. State tax filing requirements Because he itemizes, Jennifer's standard deduction on her return is zero. State tax filing requirements She can, however, itemize any of her allowable deductions. State tax filing requirements Dependent's Own Exemption A person who can be claimed as a dependent on another taxpayer's return cannot claim his or her own exemption. State tax filing requirements This is true even if the other taxpayer does not actually claim the exemption. State tax filing requirements Example. State tax filing requirements James and Barbara can claim their child, Ben, as a dependent on their return. State tax filing requirements Ben is a college student who works during the summer and must file a tax return. State tax filing requirements Ben cannot claim his own exemption on his return. State tax filing requirements This is true even if James and Barbara do not claim him as a dependent on their return. State tax filing requirements Withholding From Wages Employers generally withhold federal income tax, social security tax, and Medicare tax from an employee's wages. State tax filing requirements If the employee claims exemption from withholding on Form W-4, the employer will not withhold federal income tax. State tax filing requirements The exemption from withholding does not apply to social security and Medicare taxes. State tax filing requirements Conditions for exemption from withholding. State tax filing requirements   An employee can claim exemption from withholding for 2014 only if he or she meets both of the following conditions. State tax filing requirements For 2013, the employee had a right to a refund of all federal income tax withheld because he or she had no tax liability. State tax filing requirements For 2014, the employee expects a refund of all federal income tax withheld because he or she expects to have no tax liability. State tax filing requirements Dependents. State tax filing requirements   An employee who is a dependent ordinarily cannot claim exemption from withholding if both of the following are true. State tax filing requirements The employee's gross income will be more than $1,000, the minimum standard deduction for 2014. State tax filing requirements The employee's unearned income will be more than $350. State tax filing requirements Exceptions. State tax filing requirements   An employee may be able to claim exemption from withholding even if the employee is a dependent, if the employee: Is age 65 or older, Is blind, or Will claim on his or her 2014 tax return: Adjustments to income, Tax credits, or Itemized deductions. State tax filing requirements The above exceptions do not apply to supplemental wages greater than $1,000,000. State tax filing requirements For more information, see Exemption From Withholding in chapter 1 of Publication 505. State tax filing requirements Example. State tax filing requirements Guy is 17 and a student. State tax filing requirements During the summer he works part time at a grocery store. State tax filing requirements He expects to earn about $1,200 this year. State tax filing requirements He also worked at the store last summer and received a refund of all his withheld income tax because he did not have a tax liability. State tax filing requirements The only other income he expects during the year is $375 interest on a savings account. State tax filing requirements He expects that his parents will be able to claim him as a dependent on their tax return. State tax filing requirements He is not blind and will not claim adjustments to income, itemized deductions, a higher standard deduction, or tax credits on his return. State tax filing requirements Guy cannot claim exemption from withholding when he fills out Form W-4 because his parents will be able to claim him as a dependent, his gross income will be more than $1,000 (the minimum standard deduction amount) and his unearned income will be more than $350. State tax filing requirements Claiming exemption from withholding. State tax filing requirements    To claim exemption from withholding, an employee must enter “Exempt” in the space provided on Form W-4, line 7. State tax filing requirements The employee must complete the rest of the form, as explained in the form instructions, and give it to his or her employer. State tax filing requirements Renewing an exemption from withholding. State tax filing requirements   An exemption from withholding is good for only one year. State tax filing requirements An employee must file a new Form W-4 by February 15 each year to continue the exemption. State tax filing requirements Part 2. State tax filing requirements Tax on Unearned Income of Certain Children The two rules that follow may affect the tax on the unearned income of certain children. State tax filing requirements If the child's interest and dividend income (including capital gain distributions) total less than $10,000, the child's parent may be able to choose to include that income on the parent's return rather than file a return for the child. State tax filing requirements (See Parent's Election To Report Child's Interest and Dividends , later. State tax filing requirements ) If the child's interest, dividends, and other unearned income total more than $2,000, part of that income may be taxed at the parent's tax rate instead of the child's tax rate. State tax filing requirements (See Tax for Certain Children Who Have Unearned Income , later. State tax filing requirements ) For these rules, the term “child” includes a legally adopted child and a stepchild. State tax filing requirements These rules apply whether or not the child is a dependent. State tax filing requirements These rules do not apply if neither of the child's parents were living at the end of the year. State tax filing requirements Which Parent's Return To Use If a child's parents are married to each other and file a joint return, use the joint return to figure the tax on the child's unearned income. State tax filing requirements The tax rate and other return information from that return are used to figure the child's tax as explained later under Tax for Certain Children Who Have Unearned Income . State tax filing requirements Parents Who Do Not File a Joint Return For parents who do not file a joint return, the following discussions explain which parent's tax return must be used to figure the tax. State tax filing requirements Only the parent whose tax return is used can make the election described under Parent's Election To Report Child's Interest and Dividends . State tax filing requirements Parents are married. State tax filing requirements   If the child's parents file separate returns, use the return of the parent with the greater taxable income. State tax filing requirements Parents not living together. State tax filing requirements   If the child's parents are married to each other but not living together, and the parent with whom the child lives (the custodial parent) is considered unmarried, use the return of the custodial parent. State tax filing requirements If the custodial parent is not considered unmarried, use the return of the parent with the greater taxable income. State tax filing requirements   For an explanation of when a married person living apart from his or her spouse is considered unmarried, see Head of Household in Publication 501. State tax filing requirements Parents are divorced. State tax filing requirements   If the child's parents are divorced or legally separated, and the parent who had custody of the child for the greater part of the year (the custodial parent) has not remarried, use the return of the custodial parent. State tax filing requirements Custodial parent remarried. State tax filing requirements   If the custodial parent has remarried, the stepparent (rather than the noncustodial parent) is treated as the child's other parent. State tax filing requirements Therefore, if the custodial parent and the stepparent file a joint return, use that joint return. State tax filing requirements Do not use the return of the noncustodial parent. State tax filing requirements   If the custodial parent and the stepparent are married, but file separate returns, use the return of the one with the greater taxable income. State tax filing requirements If the custodial parent and the stepparent are married but not living together, the earlier discussion under Parents not living together applies. State tax filing requirements Parents never married. State tax filing requirements   If a child's parents have never been married to each other, but lived together all year, use the return of the parent with the greater taxable income. State tax filing requirements If the parents did not live together all year, the rules explained earlier under Parents are divorced apply. State tax filing requirements Widowed parent remarried. State tax filing requirements   If a widow or widower remarries, the new spouse is treated as the child's other parent. State tax filing requirements The rules explained earlier under Custodial parent remarried apply. State tax filing requirements Parent's Election To Report Child's Interest and Dividends You may be able to elect to include your child's interest and dividend income (including capital gain distributions) on your tax return. State tax filing requirements If you do, your child will not have to file a return. State tax filing requirements You can make this election only if all the following conditions are met. State tax filing requirements Your child was under age 19 (or under age 24 if a full-time student) at the end of the year. State tax filing requirements Your child had income only from interest and dividends (including capital gain distributions and Alaska Permanent Fund dividends). State tax filing requirements The child's gross income was less than $10,000. State tax filing requirements The child is required to file a return unless you make this election. State tax filing requirements The child does not file a joint return for the year. State tax filing requirements No estimated tax payment was made for the year, and no overpayment from the previous year (or from any amended return) was applied to this year under your child's name and social security number. State tax filing requirements No federal income tax was withheld from your child's income under the backup withholding rules. State tax filing requirements You are the parent whose return must be used when applying the special tax rules for children. State tax filing requirements (See Which Parent's Return To Use , earlier. State tax filing requirements ) These conditions are also shown in Figure 1. State tax filing requirements Certain January 1 birthdays. State tax filing requirements   A child born on January 1, 1995, is considered to be age 19 at the end of 2013. State tax filing requirements You cannot make this election for such a child unless the child was a full-time student. State tax filing requirements   A child born on January 1, 1990, is considered to be age 24 at the end of 2013. State tax filing requirements You cannot make this election for such a child. State tax filing requirements How to make the election. State tax filing requirements    Make the election by attaching Form 8814 to your Form 1040 or Form 1040NR. State tax filing requirements (If you make this election, you cannot file Form 1040A or Form 1040EZ. State tax filing requirements ) Attach a separate Form 8814 for each child for whom you make the election. State tax filing requirements You can make the election for one or more children and not for others. State tax filing requirements Effect of Making the Election The federal income tax on your child's income may be more if you make the Form 8814 election. State tax filing requirements Rate may be higher. State tax filing requirements   If your child received qualified dividends or capital gain distributions, you may pay up to $100 more tax if you make this election instead of filing a separate tax return for the child. State tax filing requirements This is because the tax rate on the child's income between $1,000 and $2,000 is 10% if you make this election. State tax filing requirements However, if you file a separate return for the child, the tax rate may be as low as 0% (zero percent) because of the preferential tax rates for qualified dividends and capital gain distributions. State tax filing requirements Deductions you cannot take. State tax filing requirements   By making the Form 8814 election, you cannot take any of the following deductions that the child would be entitled to on his or her return. State tax filing requirements The additional standard deduction if the child is blind. State tax filing requirements The deduction for a penalty on an early withdrawal of your child's savings. State tax filing requirements Itemized deductions (such as your child's investment expenses or charitable contributions). State tax filing requirements Figure 1. State tax filing requirements Can You Include Your Child's Income On Your Tax Return? Please click here for the text description of the image. State tax filing requirements Figure 1. State tax filing requirements Can You Include Your Child's Income On Your Tax Return? Deductible investment interest. State tax filing requirements   If you use Form 8814, your child's unearned income is considered your unearned income. State tax filing requirements To figure the limit on your deductible investment interest, add the child's unearned income to yours. State tax filing requirements However, if your child received qualified dividends, capital gain distributions, or Alaska Permanent Fund dividends, see chapter 3 of Publication 550 for information about how to figure the limit. State tax filing requirements Alternative minimum tax. State tax filing requirements    If your child received tax-exempt interest (or exempt-interest dividends paid by a regulated investment company) from certain private activity bonds, you must determine if that interest is a tax preference item for alternative minimum tax (AMT) purposes. State tax filing requirements If it is, you must include it with your own tax preference items when figuring your AMT. State tax filing requirements See Form 6251, Alternative Minimum Tax—Individuals, and its instructions for details. State tax filing requirements Reduced deductions or credits. State tax filing requirements   If you use Form 8814, your increased adjusted gross income may reduce certain deductions or credits on your return, including the following. State tax filing requirements Deduction for contributions to a traditional individual retirement arrangement (IRA). State tax filing requirements Deduction for student loan interest. State tax filing requirements Itemized deductions for medical expenses, casualty and theft losses, and certain miscellaneous expenses. State tax filing requirements Credit for child and dependent care expenses. State tax filing requirements Child tax credit. State tax filing requirements Education tax credits. State tax filing requirements Earned income credit. State tax filing requirements Penalty for underpayment of estimated tax. State tax filing requirements   If you make this election for 2013 and did not have enough tax withheld or pay enough estimated tax to cover the tax you owe, you may be subject to a penalty. State tax filing requirements If you plan to make this election for 2014, you may need to increase your federal income tax withholding or your estimated tax payments to avoid the penalty. State tax filing requirements Get Publication 505 for more information. State tax filing requirements Figuring Child's Income Use Form 8814, Part I, to figure your child's interest and dividend income to report on your return. State tax filing requirements Only the amount over $2,000 is added to your income. State tax filing requirements The amount over $2,000 is shown on Form 8814, line 6. State tax filing requirements Unless the child's income includes qualified dividends or capital gain distributions (discussed next), the same amount is shown on Form 8814, line 12. State tax filing requirements Include the amount from Form 8814, line 12, on Form 1040 or Form 1040NR, line 21. State tax filing requirements If you file more than one Form 8814, include the total amounts from line 12 of all your Forms 8814 on Form 1040 or Form 1040NR, line 21. State tax filing requirements On the dotted line next to line 21, enter “Form 8814” and the total of the Form 8814, line 12 amounts. State tax filing requirements Note. State tax filing requirements The tax on the first $2,000 is figured on Form 8814, Part II. State tax filing requirements See Figuring Additional Tax , later. State tax filing requirements Qualified dividends. State tax filing requirements   Enter on Form 8814, line 2a, any ordinary dividends your child received. State tax filing requirements This amount may include qualified dividends. State tax filing requirements Qualified dividends are those dividends reported on Form 1040, line 9b, or Form 1040NR, line 10b, and are eligible for lower tax rates that apply to a net capital gain. State tax filing requirements For detailed information about qualified dividends, see Publication 550. State tax filing requirements   If your child received qualified dividends, the amount of these dividends that is added to your income must be reported on Form 1040, lines 9a and 9b, or Form 1040NR, lines 10a and 10b. State tax filing requirements You do not include these dividends on Form 8814, line 12, or on line 21 of Form 1040 or Form 1040NR. State tax filing requirements   Enter the child's qualified dividends on Form 8814, line 2b. State tax filing requirements But do not include this amount on Form 1040, lines 9a and 9b, or Form 1040NR, lines 10a and 10b. State tax filing requirements Instead, include the amount from Form 8814, line 9, on Form 1040, lines 9a and 9b, or Form 1040NR, lines 10a and 10b. State tax filing requirements (The amount on Form 8814, line 9, may be less than the amount on Form 8814, line 2b, because lines 7 through 12 of the form divide the $2,000 base amount on Form 8814, line 5, between the child's qualified dividends, capital gain distributions, and other interest and dividend income, reducing each of those amounts. State tax filing requirements ) Capital gain distributions. State tax filing requirements   Enter on Form 8814, line 3, any capital gain distributions your child received. State tax filing requirements The amount of these distributions that is added to your income must be reported on Schedule D (Form 1040), line 13, or, if you are not required to file Schedule D, on Form 1040, line 13, or Form 1040NR, line 14. State tax filing requirements You do not include it on Form 8814, line 12, or on line 21 of Form 1040 or Form 1040NR. State tax filing requirements   Include the amount from Form 8814, line 10, on Schedule D, line 13; Form 1040, line 13; or Form 1040NR, line 14, whichever applies. State tax filing requirements (The amount on Form 8814, line 10, may be less than the amount on Form 8814, line 3, because lines 7 through 12 of the form divide the $2,000 base amount on Form 8814, line 5, between the child's qualified dividends, capital gain distributions, and other interest and dividend income, reducing each of those amounts. State tax filing requirements ) Collectibles (28% rate) gain. State tax filing requirements    If any of the child's capital gain distributions are reported on Form 1099-DIV as collectibles (28% rate) gain, you must determine how much to also include on line 4 of the 28% Rate Gain Worksheet, in the instructions for Schedule D, line 18. State tax filing requirements Multiply the child's capital gain distribution included on Schedule D, line 13, by a fraction. State tax filing requirements The numerator is the part of the child's total capital gain distribution that is collectibles (28% rate) gain. State tax filing requirements The denominator is the child's total capital gain distribution. State tax filing requirements Enter the result on line 4 of the 28% Rate Gain Worksheet. State tax filing requirements Unrecaptured section 1250 gain. State tax filing requirements   If any of the child's capital gain distributions are reported on Form 1099-DIV as unrecaptured section 1250 gain, you must determine how much to include on line 11 of the Unrecaptured Section 1250 Gain Worksheet in the instructions for Schedule D, line 19. State tax filing requirements Multiply the child's capital gain distribution included on Schedule D, line 13, by a fraction. State tax filing requirements The numerator is the part of the child's total capital gain distribution that is unrecaptured section 1250 gain. State tax filing requirements The denominator is the child's total capital gain distribution. State tax filing requirements Enter the result on the Unrecaptured Section 1250 Gain Worksheet, line 11. State tax filing requirements Section 1202 gain. State tax filing requirements   If any of the child's capital gain distributions are reported as section 1202 gain (gain on qualified small business stock) on Form 1099-DIV, part or all of that gain may be eligible for the section 1202 exclusion. State tax filing requirements (For information about the exclusion, see chapter 4 of Publication 550. State tax filing requirements ) To figure that part, multiply the child's capital gain distribution included on Schedule D, line 13, by a fraction. State tax filing requirements The numerator is the part of the child's total capital gain distribution that is section 1202 gain. State tax filing requirements The denominator is the child's total capital gain distribution. State tax filing requirements Your section 1202 exclusion is generally 50% of the result, but may be subject to a limit. State tax filing requirements In some cases, the exclusion is more than 50%. State tax filing requirements See the instructions for Schedule D for details and information on how to report the exclusion amount. State tax filing requirements Example. State tax filing requirements Fred is 6 years old. State tax filing requirements In 2013, he received dividend income of $2,100, which included $1,575 of ordinary dividends and a $525 capital gain distribution from a mutual fund. State tax filing requirements (None of the distributions were reported on Form 1099-DIV as unrecaptured section 1250 gain, section 1202 gain, or collectibles (28% rate) gain. State tax filing requirements ) All of the ordinary dividends are qualified dividends. State tax filing requirements He has no other income and is not subject to backup withholding. State tax filing requirements No estimated tax payments were made under his name and social security number. State tax filing requirements Fred's parents elect to include Fred's income on their tax return instead of filing a return for him. State tax filing requirements They figure the amount to report on Form 1040, lines 9a and 9b, the amount to report on their Schedule D, line 13, and the amount to report on Form 1040, line 21, as follows. State tax filing requirements They leave lines 1a and 1b of Form 8814 blank because Fred does not have any interest income. State tax filing requirements They enter his ordinary dividends of $1,575 on lines 2a and 2b because all of Fred's ordinary dividends are qualified dividends. State tax filing requirements They enter the amount of Fred's capital gain distributions, $525, on line 3. State tax filing requirements Next, they add the amounts on lines 1a, 2a, and 3 and enter the result, $2,100, on line 4. State tax filing requirements They subtract the base amount on line 5, $2,000, from the amount on line 4, $2,100, and enter the result, $100, on line 6. State tax filing requirements This is the total amount from Form 8814 to be reported on their return. State tax filing requirements Next, they figure how much of this amount is qualified dividends and how much is capital gain distributions. State tax filing requirements They divide the amount on line 2b, $1,575, by the amount on line 4, $2,100. State tax filing requirements They enter the result, . State tax filing requirements 75, on line 7. State tax filing requirements They divide the amount on line 3, $525, by the amount on line 4, $2,100. State tax filing requirements They enter the result, . State tax filing requirements 25, on line 8. State tax filing requirements They multiply the amount on line 6, $100, by the decimal on line 7, . State tax filing requirements 75, and enter the result, $75, on line 9. State tax filing requirements They multiply the amount on line 6, $100, by the decimal on line 8, . State tax filing requirements 25, and enter the result, $25, on line 10. State tax filing requirements They include the amount from line 9, $75, on lines 9a and 9b of their Form 1040 and enter “Form 8814 – $75” on the dotted lines next to lines 9a and 9b. State tax filing requirements They include the amount from line 10, $25, on line 13 of their Schedule D (Form 1040) and enter “Form 8814 – $25” on the dotted line next to Schedule D, line 13. State tax filing requirements They enter $100 ($75 + $25) on line 11 and -0- ($100 – $100) on line 12. State tax filing requirements Because the amount on line 12 is -0-, they do not include any amount from Form 8814 on their Form 1040, line 21. State tax filing requirements Figuring Additional Tax Use Form 8814, Part II, to figure the tax on the $2,000 of your child's interest and dividends that you do not include in your income. State tax filing requirements This tax is added to the tax figured on your income. State tax filing requirements This additional tax is the smaller of: 10% x (your child's gross income − $1,000), or $100. State tax filing requirements Include the amount from line 15 of all your Forms 8814 in the total on Form 1040, line 44, or Form 1040NR, line 42. State tax filing requirements Check box a on Form 1040, line 44, or Form 1040NR, line 42. State tax filing requirements Tax for Certain Children Who Have Unearned Income If a child's interest, dividends, and other unearned income total more than $2,000, part of that income may be taxed at the parent's tax rate instead of the child's tax rate. State tax filing requirements If the parent does not or cannot choose to include the child's income on the parent's return, use Form 8615 to figure the child's tax. State tax filing requirements Attach the completed form to the child's Form 1040, Form 1040A, or Form 1040NR. State tax filing requirements When Form 8615 must be filed. State tax filing requirements   Form 8615 must be filed for a child if all of the following statements are true. State tax filing requirements The child's unearned income was more than $2,000. State tax filing requirements The child is required to file a return for 2013. State tax filing requirements The child either: Was under age 18 at the end of the year, Was age 18 at the end of the year and did not have earned income that was more than half of his or her support, or Was over age 18 and under age 24 at the end of the year, was a full-time student, and did not have earned income that was more than half of his or her support. State tax filing requirements At least one of the child's parents was alive at the end of 2013. State tax filing requirements The child does not file a joint return for 2013. State tax filing requirements These conditions are also shown in Figure 2. State tax filing requirements Certain January 1 birthdays. State tax filing requirements   Use the following chart to determine whether certain children with January 1 birthdays meet condition 3 under When Form 8615 must be filed. State tax filing requirements IF a child was born on. State tax filing requirements . State tax filing requirements . State tax filing requirements THEN, at the end of 2013, the child is considered to be. State tax filing requirements . State tax filing requirements . State tax filing requirements January 1, 1996 18* January 1, 1995 19** January 1, 1990 24*** *This child is not under age 18. State tax filing requirements The child meets condition 3 only if the child did not have earned income that was more than half of the child's support. State tax filing requirements  **This child meets condition 3 only if the child was a full-time student who did not have earned income that was more than half of the child's support. State tax filing requirements  ***Do not use Form 8615 for this child. State tax filing requirements Figure 2. State tax filing requirements Do You Have To Use Form 8615 To Figure Your Child's Tax? Please click here for the text description of the image. State tax filing requirements Figure 2. State tax filing requirements Do You Have To Use Form 8615 To Figure Your Child's Tax? Providing Parental Information (Form 8615, Lines A–C) On Form 8615, lines A and B, enter the parent's name and social security number. State tax filing requirements (If the parents filed a joint return, enter the name and social security number listed first on the joint return. State tax filing requirements ) On line C, check the box for the parent's filing status. State tax filing requirements See Which Parent's Return To Use, earlier, for information on which parent's return information must be used on Form 8615. State tax filing requirements Parent with different tax year. State tax filing requirements   If the parent and the child do not have the same tax year, complete Form 8615 using the information on the parent's return for the tax year that ends in the child's tax year. State tax filing requirements Example. State tax filing requirements Kimberly must use her mother's tax and taxable income to complete her Form 8615 for calendar year 2013 (January 1 – December 31). State tax filing requirements Kimberly's mother files her tax return on a fiscal year basis (July 1 – June 30). State tax filing requirements Kimberly must use the information on her mother's return for the tax year ending June 30, 2013, to complete her 2013 Form 8615. State tax filing requirements Parent's return information not known timely. State tax filing requirements   If the information needed from the parent's return is not known by the time the child's return is due (usually April 15), you can file the return using estimates. State tax filing requirements   You can use any reasonable estimate. State tax filing requirements This includes using information from last year's return. State tax filing requirements If you use an estimated amount on Form 8615, enter “Estimated” on the line next to the amount. State tax filing requirements   When you get the correct information, file an amended return on Form 1040X, Amended U. State tax filing requirements S. State tax filing requirements Individual Income Tax Return. State tax filing requirements Extension of time to file. State tax filing requirements   Instead of using estimates, you can get an automatic 6-month extension of time to file if, by the date your return is due, you file Form 4868, Application for Automatic Extension of Time To File U. State tax filing requirements S. State tax filing requirements Individual Income Tax Return. State tax filing requirements See the instructions for Form 4868 for details. State tax filing requirements    An extension of time to file is not an extension of time to pay. State tax filing requirements You must make an accurate estimate of the tax for 2013. State tax filing requirements If you do not pay the full amount due by the regular due date, the child will owe interest and may also be charged penalties. State tax filing requirements See Form 4868 and its instructions. State tax filing requirements Parent's return information not available. State tax filing requirements   If a child cannot get the required information about his or her parent's tax return, the child (or the child's legal representative) can request the necessary information from the Internal Revenue Service (IRS). State tax filing requirements How to request. State tax filing requirements   After the end of the tax year, send a signed, written request for the information to the Internal Revenue Service Center where the parent's return will be filed. State tax filing requirements (The IRS cannot process a request received before the end of the tax year. State tax filing requirements )    You should also consider getting an extension of time to file the child's return, because there may be a delay in getting the requested information. State tax filing requirements   The request must contain all of the following. State tax filing requirements A statement that you are making the request to comply with section 1(g) of the Internal Revenue Code and that you have tried to get the information from the parent. State tax filing requirements Proof of the child's age (for example, a copy of the child's birth certificate). State tax filing requirements Evidence the child has more than $2,000 of unearned income (for example, a copy of the child's prior year tax return or copies of Forms 1099 for the current year). State tax filing requirements The name, address, social security number (if known), and filing status (if known) of the parent whose information is to be shown on Form 8615. State tax filing requirements    A child's legal representative making the request should include a copy of his or her Power of Attorney, such as Form 2848, or proof of legal guardianship. State tax filing requirements Step 1. State tax filing requirements Figuring the Child's Net Unearned Income (Form 8615, Part I) The first step in figuring a child's tax using Form 8615 is to figure the child's net unearned income. State tax filing requirements To do that, use Form 8615, Part I. State tax filing requirements Line 1 (Unearned Income) If the child had no earned income, enter on this line the adjusted gross income shown on the child's return. State tax filing requirements Adjusted gross income is shown on Form 1040, line 38; Form 1040A, line 22; or Form 1040NR, line 37. State tax filing requirements Form 1040EZ and Form 1040NR-EZ cannot be used if Form 8615 must be filed. State tax filing requirements If the child had earned income, figure the amount to enter on Form 8615, line 1, by using the worksheet in the instructions for the form. State tax filing requirements However, use the following worksheet if: the child has excluded any foreign earned income, deducted a loss from self-employment, or has a net operating loss from another year. State tax filing requirements Alternate Worksheet for Form 8615, Line 1 A. State tax filing requirements Enter the amount from the child's Form 1040, line 22, or Form 1040NR, line 23   B. State tax filing requirements Enter the total of any net loss  from self-employment, any net operating loss deduction, any foreign earned income exclusion, and any foreign housing exclusion from the child's Form 1040 or Form 1040NR. State tax filing requirements Enter this total as a positive number (greater than zero)   C. State tax filing requirements Add line A and line B and  enter the total   D. State tax filing requirements Enter the child's earned income plus any amount from the child's Form 1040, line 30, or the child's Form 1040NR, line 30     Generally, the child's earned income is the total of the amounts reported on Form 1040, lines 7, 12, and 18 (if line 12 or 18 is a loss, use zero) or Form 1040NR, lines 8, 13, and 19 (if line 13 or 19 is a loss, use zero)   E. State tax filing requirements Subtract line D from line C. State tax filing requirements Enter the result here and on Form 8615, line 1   Unearned income defined. State tax filing requirements   Unearned income is generally all income other than salaries, wages, and other amounts received as pay for work actually performed. State tax filing requirements It includes taxable interest, dividends, capital gains (including capital gain distributions), the taxable part of social security and pension payments, certain distributions from trusts, and unemployment compensation. State tax filing requirements Unearned income includes amounts produced by assets the child obtained with earned income (such as interest on a savings account into which the child deposited wages). State tax filing requirements Nontaxable income. State tax filing requirements   For this purpose, unearned income includes only amounts the child must include in gross income. State tax filing requirements Nontaxable unearned income, such as tax-exempt interest and the nontaxable part of social security and pension payments, is not included. State tax filing requirements Capital loss. State tax filing requirements   A child's capital losses are taken into account in figuring the child's unearned income. State tax filing requirements Capital losses are first applied against capital gains. State tax filing requirements If the capital losses are more than the capital gains, the difference (up to $3,000) is subtracted from the child's interest, dividends, and other unearned income. State tax filing requirements Any difference over $3,000 is carried to the next year. State tax filing requirements Income from property received as a gift. State tax filing requirements   A child's unearned income includes all income produced by property belonging to the child. State tax filing requirements This is true even if the property was transferred to the child, regardless of when the property was transferred or purchased or who transferred it. State tax filing requirements   A child's unearned income includes income produced by property given as a gift to the child. State tax filing requirements This includes gifts to the child from grandparents or any other person and gifts made under the Uniform Gift to Minors Act. State tax filing requirements Example. State tax filing requirements Amanda Black, age 13, received the following income. State tax filing requirements Dividends—$800 Wages—$2,100 Taxable interest—$1,200 Tax-exempt interest—$100 Capital gains—$300 Capital losses—($200) The dividends were qualified dividends on stock given to her by her grandparents. State tax filing requirements Amanda's unearned income is $2,100. State tax filing requirements This is the total of the dividends ($800), taxable interest ($1,200), and capital gains reduced by capital losses ($300 − $200 = $100). State tax filing requirements Her wages are earned (not unearned) income because they are received for work actually performed. State tax filing requirements Her tax-exempt interest is not included because it is nontaxable. State tax filing requirements Trust income. State tax filing requirements   If a child is the beneficiary of a trust, distributions of taxable interest, dividends, capital gains, and other unearned income from the trust are unearned income to the child. State tax filing requirements   However, taxable distributions from a qualified disability trust are considered earned income for the purposes of completing Form 8615. State tax filing requirements See the Form 8615 instructions for details. State tax filing requirements Adjustment to income. State tax filing requirements   In figuring the amount to enter on line 1, the child's unearned income is reduced by any penalty on the early withdrawal of savings. State tax filing requirements Line 2 (Deductions) If the child does not itemize deductions on Schedule A (Form 1040 or Form 1040NR), enter $2,000 on line 2. State tax filing requirements If the child itemizes deductions, enter on line 2 the larger of: $1,000 plus the portion of the child's itemized deductions on Schedule A (Form 1040), line 29 (or Schedule A (Form 1040NR), line 15), that are directly connected with the production of the unearned income entered on line 1, or $2,000. State tax filing requirements Directly connected. State tax filing requirements   Itemized deductions are directly connected with the production of unearned income if they are for expenses paid to produce or collect taxable income or to manage, conserve, or maintain property held for producing income. State tax filing requirements These expenses include custodian fees and service charges, service fees to collect taxable interest and dividends, and certain investment counsel fees. State tax filing requirements    These expenses are added to certain other miscellaneous itemized deductions on Schedule A (Form 1040). State tax filing requirements Only the amount greater than 2% of the child's adjusted gross income can be deducted. State tax filing requirements See Publication 529, Miscellaneous Deductions, for more information. State tax filing requirements Example 1. State tax filing requirements Roger, age 12, has unearned income of $8,000, no other income, no adjustments to income, and itemized deductions of $300 (net of the 2%-of-adjusted-gross-income limit) that are directly connected with his unearned income. State tax filing requirements His adjusted gross income is $8,000, which is entered on Form 1040, line 38, and on Form 8615, line 1. State tax filing requirements Roger enters $2,000 on line 2 because that is more than the total of $1,000 plus his directly-connected itemized deductions of $300. State tax filing requirements Example 2. State tax filing requirements Eleanor, age 8, has unearned income of $16,000 and an early withdrawal penalty of $100. State tax filing requirements She has no other income. State tax filing requirements She has itemized deductions of $1,050 (net of the 2%-of-adjusted-gross-income limit) that are directly connected with the production of her unearned income. State tax filing requirements Her adjusted gross income, entered on line 1, is $15,900 ($16,000 − $100). State tax filing requirements The amount on line 2 is $2,050. State tax filing requirements This is the larger of: $1,000 plus the $1,050 of directly connected itemized deductions, or $2,000. State tax filing requirements Line 3 Subtract line 2 from line 1 and enter the result on this line. State tax filing requirements If zero or less, do not complete the rest of the form. State tax filing requirements However, you must still attach Form 8615 to the child's tax return. State tax filing requirements Figure the tax on the child's taxable income in the normal manner. State tax filing requirements Line 4 (Child's Taxable Income) Enter on line 4 the child's taxable income from Form 1040, line 43; Form 1040A, line 27; or Form 1040NR, line 41. State tax filing requirements Child files Form 2555 or 2555-EZ. State tax filing requirements   If the child files Form 2555 or 2555-EZ to claim the foreign earned income exclusion, housing exclusion, or housing deduction, the Foreign Earned Income Tax Worksheet (in the Form 1040 instructions) is used to figure the child's tax. State tax filing requirements Enter the amount from line 3 of the Foreign Earned Income Tax Worksheet as the child's taxable income on Form 8615, line 4. State tax filing requirements Line 5 (Net Unearned Income) A child's net unearned income cannot be more than his or her taxable income. State tax filing requirements Enter on Form 8615, line 5, the smaller of line 3 or line 4. State tax filing requirements This is the child's net unearned income. State tax filing requirements If zero or less, do not complete the rest of the form. State tax filing requirements However, you must still attach Form 8615 to the child's tax return. State tax filing requirements Figure the tax on the child's taxable income in the normal manner. State tax filing requirements Step 2. State tax filing requirements Figuring a Tentative Tax at the Parent's Tax Rate (Form 8615, Part II) The next step in completing Form 8615 is to figure a tentative tax on the child's net unearned income at the parent's tax rate. State tax filing requirements The tentative tax at the parent's tax rate is the difference between the tax on the parent's taxable income figured with the child's net unearned income (plus the net unearned income of any other child whose Form 8615 includes the tax return information of that parent) and the tax figured without it. State tax filing requirements When figuring the tentative tax at the parent's tax rate on Form 8615, do not refigure any of the exclusions, deductions, or credits on the parent's return because of the child's net unearned income. State tax filing requirements For example, do not refigure the medical expense deduction. State tax filing requirements Figure the tentative tax on Form 8615, lines 6 through 13. State tax filing requirements Line 6 (Parent's Taxable Income) Enter on line 6 the amount from the parent's Form 1040, line 43; Form 1040A, line 27; Form 1040EZ, line 6; Form 1040NR, line 41; or Form 1040NR-EZ, line 14. State tax filing requirements If the parent's taxable income is zero or less, enter zero on line 6. State tax filing requirements Parent files Form 2555 or 2555-EZ. State tax filing requirements   If the parent files Form 2555 or 2555-EZ to claim the foreign earned income exclusion, housing exclusion, or housing deduction, the Foreign Earned Income Tax Worksheet in the Form 1040 instructions is used to figure the parent's tax. State tax filing requirements Enter the amount from line 3 of the Foreign Earned Income Tax Worksheet as the parent's taxable income, on line 6 of Form 8615. State tax filing requirements Line 7 (Net Unearned Income of Other Children) If the tax return information of the parent is also used on any other child's Form 8615, enter on line 7 the total of the amounts from line 5 of all the other children's Forms 8615. State tax filing requirements Do not include the amount from line 5 of the Form 8615 being completed. State tax filing requirements (The term “other child” means any other child whose Form 8615 uses the tax information of the parent identified on Lines A and B of Form 8615. State tax filing requirements ) Example. State tax filing requirements Paul and Jane Persimmon have three children, Sharon, Jerry, and Mike, who must attach Form 8615 to their tax returns. State tax filing requirements The children's net unearned income amounts on line 5 of their Forms 8615 are: Sharon—$800 Jerry—$600 Mike—$1,000 Line 7 of Sharon's Form 8615 will show $1,600, the total of the amounts on line 5 of Jerry's and Mike's Forms 8615. State tax filing requirements Line 7 of Jerry's Form 8615 will show $1,800 ($800 + $1,000). State tax filing requirements Line 7 of Mike's Form 8615 will show $1,400 ($800 + $600). State tax filing requirements Other children's information not available. State tax filing requirements   If the net unearned income of the other children is not available when the return is due, either file the return using estimates or get an extension of time to file. State tax filing requirements Estimates and extensions are discussed earlier under Providing Parental Information (Form 8615, Lines A–C) . State tax filing requirements Line 8 (Parent's Taxable Income Plus Children's Net Unearned Income) Enter on this line the total of lines 5, 6, and 7. State tax filing requirements You must determine the amount of net capital gain and qualified dividends included on this line before completing Form 8615, line 9. State tax filing requirements Net capital gain. State tax filing requirements   Net capital gain is the smaller of the gain, if any, on Schedule D (Form 1040), line 15, or the gain, if any, on Schedule D, line 16. State tax filing requirements If Schedule D is not required, it is the amount on Form 1040, line 13; Form 1040A, line 10; or Form 1040NR, line 14. State tax filing requirements Qualified dividends. State tax filing requirements   Qualified dividends are those dividends reported on line 9b of Form 1040 or Form 1040A, or line 10b of Form 1040NR. State tax filing requirements Net capital gain and qualified dividends on line 8. State tax filing requirements   If neither the child, nor the parent, nor any other child has net capital gain, the net capital gain on line 8 is zero. State tax filing requirements   If neither the child, nor the parent, nor any other child has qualified dividends, the amount of qualified dividends on line 8 is zero. State tax filing requirements   If the child, parent, or any other child has net capital gain, figure the amount of net capital gain included on line 8 by adding together the net capital gain amounts included on lines 5, 6, and 7 of Form 8615. State tax filing requirements   If the child, parent, or any other child has qualified dividends, figure the amount of qualified dividends included on line 8 by adding together the qualified dividend amounts included on lines 5, 6, and 7. State tax filing requirements   Use the instructions for Form 8615, line 8, including the appropriate Line 5 Worksheet, to find these amounts. State tax filing requirements See the instructions for Form 8615 for more details. State tax filing requirements Note. State tax filing requirements The amount of any net capital gain or qualified dividends is not separately reported on line 8. State tax filing requirements It is  needed, however, when figuring the tax on line 9. State tax filing requirements Line 9 (Tax on Parent's Taxable Income Plus Children's Net Unearned Income) Figure the tax on the amount on line 8 using the Tax Table, the Tax Computation Worksheet, the Qualified Dividends and Capital Gain Tax Worksheet (in the Form 1040, 1040A, or 1040NR instructions), the Schedule D Tax Worksheet (in the Schedule D instructions), or Schedule J (Form 1040), as follows. State tax filing requirements If line 8 does not include any net capital gain or qualified dividends, use the Tax Table or Tax Computation Worksheet to figure this tax. State tax filing requirements But if Schedule J, Income Averaging for Farmers and Fishermen, is used to figure the tax on the parent's return, use it to figure this tax. State tax filing requirements If line 8 includes any net capital gain or qualified dividends, use the Qualified Dividends and Capital Gain Tax Worksheet to figure this tax. State tax filing requirements For details, see the instructions for Form 8615, line 9. State tax filing requirements However, if the child, parent, or any other child has 28% rate gain or unrecaptured section 1250 gain, use the Schedule D Tax Worksheet. State tax filing requirements But if Schedule J is used to figure the tax on the parent's return, use it to figure this tax. State tax filing requirements Child files Form 2555 or 2555-EZ. State tax filing requirements   If line 8 includes any net capital gain or qualified dividends and the child, or any other child filing Form 8615, also files Form 2555 or 2555-EZ, use Using the Schedule D Tax Worksheet for line 9 tax, next, to figure the line 9 tax. State tax filing requirements Using the Schedule D Tax Worksheet for line 9 tax. State tax filing requirements    Use the Schedule D Tax Worksheet (in the Schedule D instructions) to figure the line 9 tax on Form 8615 if the child, parent, or any other child has unrecaptured section 1250 gain or 28% rate gain. State tax filing requirements If you must use the Schedule D Tax Worksheet, first complete any Schedule D and any actual Schedule D Tax Worksheet required for the child, parent, or any other child. State tax filing requirements Then figure the line 9 tax using another Schedule D Tax Worksheet. State tax filing requirements (Do not attach this Schedule D Tax Worksheet to the child's return. State tax filing requirements )   Complete this Schedule D Tax Worksheet as follows. State tax filing requirements On line 1, enter the amount from Form 8615, line 8. State tax filing requirements On line 2, enter the qualified dividends included on Form 8615, line 8. State tax filing requirements (See the earlier discussion for line 8. State tax filing requirements ) On line 3, enter the total of the amounts, if any, on line 4g of all Forms 4952 filed by the child, parent, or any other child. State tax filing requirements On line 4, enter the total of the amounts, if any, on line 4e of all Forms 4952 filed by the child, parent, or any other child. State tax filing requirements If applicable, include instead the smaller amount entered on the dotted line next to line 4e. State tax filing requirements On lines 5 and 6, follow the worksheet instructions. State tax filing requirements On line 7, enter the net capital gain included on Form 8615, line 8. State tax filing requirements (See the earlier discussion for line 8. State tax filing requirements ) On lines 8 through 10, follow the worksheet instructions. State tax filing requirements On line 11, enter zero if neither the child, nor the parent, nor any other child has unrecaptured section 1250 gain (Schedule D, line 19) or 28% rate gain (Schedule D, line 18). State tax filing requirements Otherwise, enter the amount of unrecaptured section 1250 gain and 28% rate gain included in the net capital gain on line 8 of Form 8615. State tax filing requirements Figure these amounts as explained later under Figuring unrecaptured section 1250 gain (line 11) and Figuring 28% rate gain (line 11). State tax filing requirements If the Foreign Earned Income Tax Worksheet was used to figure the parent's tax or the tax of any child, go to step 10 below. State tax filing requirements Otherwise, skip steps 10, 11, and 12 below, and go to step 13. State tax filing requirements Determine whether there is a line 8 capital gain excess as follows. State tax filing requirements Add the amounts on line 2 of all Foreign Earned Income Tax Worksheets completed by the parent or any child for whom Form 8615 is filed. State tax filing requirements (But for each child do not add more than the excess, if any, of the amount on line 5 of the child's Form 8615 over the child's taxable income on Form 1040, line 43; Form 1040A, line 27; or Form 1040NR, line 41. State tax filing requirements ) Subtract (a) from the amount on line 1 of this Schedule D Tax Worksheet. State tax filing requirements Subtract (b) from the amount on line 10 of this Schedule D Tax Worksheet. State tax filing requirements If the result is more than zero, that amount is the line 8 capital gain excess. State tax filing requirements If the result is zero or less, there is no line 8 capital gain excess. State tax filing requirements If there is no line 8 capital gain excess, skip step 12 below and go to step 13. State tax filing requirements If there is a line 8 capital gain excess, complete a second Schedule D Tax Worksheet as instructed above and in step 13, but in its entirety and with the following additional modifications. State tax filing requirements (These modifications are to be made only for purposes of filling out this additional Schedule D Tax Worksheet. State tax filing requirements ) Reduce the amount you would otherwise enter on line 9 (but not below zero) by the line 8 capital gain excess. State tax filing requirements Reduce the amount you would otherwise enter on line 6 (but not below zero) by any of the line 8 capital gain excess not used in (a) above. State tax filing requirements If the child, parent, or any other child has 28% rate gain, reduce the amount you would otherwise enter on line 8 of Worksheet 1 for Line 11 of the Schedule D Tax Worksheet – 28% Rate Gain (Line 9 Tax), shown later, (but not below zero) by the line 8 capital gain excess, and refigure the amount on line 11 of this Schedule D Tax Worksheet. State tax filing requirements If the child, parent, or any other child has unrecaptured section 1250 gain, reduce the amount you would otherwise enter on line 8 of Worksheet 2 for Line 11 of the Schedule D Tax Worksheet – Unrecaptured Section 1250 Gain (Line 9 Tax) (but not below zero) by the line 8 capital gain excess not used in 12(c), and refigure the amount on line 11 of this Schedule D Tax Worksheet. State tax filing requirements Complete lines 12 through 45 following the worksheet instructions. State tax filing requirements Use the parent's filing status to complete lines 15, 42, and 44. State tax filing requirements Enter the amount from line 45 of this Schedule D Tax Worksheet on Form 8615, line 9, and check the box on that line