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State Tax Forms 2012

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State Tax Forms 2012

State tax forms 2012 Publication 915 - Main Content Table of Contents Are Any of Your Benefits Taxable?Worksheet A. State tax forms 2012 Exemption from withholding. State tax forms 2012 How To Report Your Benefits How Much Is Taxable?Examples Lump-Sum ElectionExample Deductions Related to Your BenefitsRepayments More Than Gross Benefits Worksheets AppendixForm SSA-1099, Social Security Benefit Statement 2013 Form SSA-1042S, Social Security Benefit Statement 2013 (Nonresident Aliens) Form RRB-1099, Payments by the Railroad Retirement Board 2013 Form RRB-1042S, Payments by the Railroad Retirement Board 2013 (Nonresident Aliens) How To Get Tax HelpLow Income Taxpayer Clinics Are Any of Your Benefits Taxable? To find out whether any of your benefits shown on Forms SSA-1099 and RRB-1099 may be taxable, compare the base amount (explained later) for your filing status with the total of: One-half of your benefits, plus All your other income, including tax-exempt interest. State tax forms 2012 When making this comparison, do not reduce your other income by any exclusions for: Interest from qualified U. State tax forms 2012 S. State tax forms 2012 savings bonds, Employer-provided adoption benefits, Foreign earned income or foreign housing, or Income earned by bona fide residents of American Samoa or Puerto Rico. State tax forms 2012 Children's benefits. State tax forms 2012   The rules in this publication apply to benefits received by children. State tax forms 2012 See Who is taxed , later. State tax forms 2012 The SSA issues Form SSA-1099 and Form SSA-1042S. State tax forms 2012 The RRB issues Form RRB-1099 and Form RRB-1042S. State tax forms 2012 These forms (tax statements) report the amounts paid and repaid, and taxes withheld for a tax year. State tax forms 2012 You may receive more than one of these forms for the same tax year. State tax forms 2012 See the Appendix at the end of this publication for more information. State tax forms 2012 Each original Form RRB-1099 or Form RRB-1042S is valid unless it has been corrected. State tax forms 2012 The RRB will issue a corrected Form RRB-1099 or Form RRB-1042S if there is an error in the original. State tax forms 2012 A corrected Form RRB-1099 or Form RRB-1042S is indicated as “CORRECTED” and replaces the corresponding original Form RRB-1099 or Form RRB-1042S. State tax forms 2012 You must use the latest corrected Form RRB-1099 or Form RRB-1042S you received and any original Form RRB-1099 or Form RRB-1042S that the RRB has not corrected when you determine what amounts to report on your tax return. State tax forms 2012 Figuring total income. State tax forms 2012   To figure the total of one-half of your benefits plus your other income, use Worksheet A, discussed later. State tax forms 2012 If the total is more than your base amount, part of your benefits may be taxable. State tax forms 2012   If you are married and file a joint return for 2013, you and your spouse must combine your incomes and your benefits to figure whether any of your combined benefits are taxable. State tax forms 2012 Even if your spouse did not receive any benefits, you must add your spouse's income to yours to figure whether any of your benefits are taxable. State tax forms 2012 If the only income you received during 2013 was your social security or the SSEB portion of tier 1 railroad retirement benefits, your benefits generally are not taxable and you probably do not have to file a return. State tax forms 2012 If you have income in addition to your benefits, you may have to file a return even if none of your benefits are taxable. State tax forms 2012 Base amount. State tax forms 2012   Your base amount is: $25,000 if you are single, head of household, or qualifying widow(er), $25,000 if you are married filing separately and lived apart from your spouse for all of 2013, $32,000 if you are married filing jointly, or $-0- if you are married filing separately and lived with your spouse at any time during 2013. State tax forms 2012 Worksheet A. State tax forms 2012   You can use Worksheet A to figure the amount of income to compare with your base amount. State tax forms 2012 This is a quick way to check whether some of your benefits may be taxable. State tax forms 2012     Worksheet A. State tax forms 2012 A Quick Way To Check if Your Benefits May Be Taxable Keep for your records A. State tax forms 2012 Enter the amount from box 5 of all your Forms SSA-1099 and RRB-1099. State tax forms 2012 Include the full amount of any lump-sum benefit payments received in 2013, for 2013 and earlier years. State tax forms 2012 (If you received more than one form, combine the amounts from box 5 and enter the total. State tax forms 2012 ) A. State tax forms 2012   Note. State tax forms 2012 If the amount on line A is zero or less, stop here; none of your benefits are taxable this year. State tax forms 2012 B. State tax forms 2012 Enter one-half of the amount on line A B. State tax forms 2012   C. State tax forms 2012 Enter your taxable pensions, wages, interest, dividends, and other taxable income C. State tax forms 2012   D. State tax forms 2012 Enter any tax-exempt interest income (such as interest on municipal bonds) plus any exclusions from income (listed earlier) D. State tax forms 2012   E. State tax forms 2012 Add lines B, C, and D E. State tax forms 2012   Note. State tax forms 2012 Compare the amount on line E to your base amount for your filing status. State tax forms 2012 If the amount on line E equals or is less than the base amount for your filing status, none of your benefits are taxable this year. State tax forms 2012 If the amount on line E is more than your base amount, some of your benefits may be taxable. State tax forms 2012 You need to complete Worksheet 1, shown later. State tax forms 2012 If none of your benefits are taxable, but you otherwise must file a tax return, see Benefits not taxable , later, under How To Report Your Benefits . State tax forms 2012   Example. State tax forms 2012 You and your spouse (both over 65) are filing a joint return for 2013 and you both received social security benefits during the year. State tax forms 2012 In January 2014, you received a Form SSA-1099 showing net benefits of $7,500 in box 5. State tax forms 2012 Your spouse received a Form SSA-1099 showing net benefits of $3,500 in box 5. State tax forms 2012 You also received a taxable pension of $22,800 and interest income of $500. State tax forms 2012 You did not have any tax-exempt interest income. State tax forms 2012 Your benefits are not taxable for 2013 because your income, as figured in Worksheet A below, is not more than your base amount ($32,000) for married filing jointly. State tax forms 2012   Even though none of your benefits are taxable, you must file a return for 2013 because your taxable gross income ($23,300) exceeds the minimum filing requirement amount for your filing status. State tax forms 2012     Filled-in Worksheet A. State tax forms 2012 A Quick Way To Check if Your Benefits May Be Taxable Keep for your records A. State tax forms 2012 Enter the amount from box 5 of all your Forms SSA-1099 and RRB-1099. State tax forms 2012 Include the full amount of any lump-sum benefit payments received in 2013, for 2013 and earlier years. State tax forms 2012 (If you received more than one form, combine the amounts from box 5 and enter the total. State tax forms 2012 ) A. State tax forms 2012 $11,000 Note. State tax forms 2012 If the amount on line A is zero or less, stop here; none of your benefits are taxable this year. State tax forms 2012 B. State tax forms 2012 Enter one-half of the amount on line A B. State tax forms 2012 5,500 C. State tax forms 2012 Enter your taxable pensions, wages, interest, dividends, and other taxable income C. State tax forms 2012 23,300 D. State tax forms 2012 Enter any tax-exempt interest income (such as interest on municipal bonds) plus any exclusions from income (listed earlier) D. State tax forms 2012 -0- E. State tax forms 2012 Add lines B, C, and D E. State tax forms 2012 $28,800 Note. State tax forms 2012 Compare the amount on line E to your base amount for your filing status. State tax forms 2012 If the amount on line E equals or is less than the base amount for your filing status, none of your benefits are taxable this year. State tax forms 2012 If the amount on line E is more than your base amount, some of your benefits may be taxable. State tax forms 2012 You need to complete Worksheet 1, shown later. State tax forms 2012 If none of your benefits are taxable, but you otherwise must file a tax return, see Benefits not taxable , later, under How To Report Your Benefits . State tax forms 2012   Who is taxed. State tax forms 2012   Benefits are included in the taxable income (to the extent they are taxable) of the person who has the legal right to receive the benefits. State tax forms 2012 For example, if you and your child receive benefits, but the check for your child is made out in your name, you must use only your part of the benefits to see whether any benefits are taxable to you. State tax forms 2012 One-half of the part that belongs to your child must be added to your child's other income to see whether any of those benefits are taxable to your child. State tax forms 2012 Repayment of benefits. State tax forms 2012   Any repayment of benefits you made during 2013 must be subtracted from the gross benefits you received in 2013. State tax forms 2012 It does not matter whether the repayment was for a benefit you received in 2013 or in an earlier year. State tax forms 2012 If you repaid more than the gross benefits you received in 2013, see Repayments More Than Gross Benefits , later. State tax forms 2012   Your gross benefits are shown in box 3 of Form SSA-1099 or Form RRB-1099. State tax forms 2012 Your repayments are shown in box 4. State tax forms 2012 The amount in box 5 shows your net benefits for 2013 (box 3 minus box 4). State tax forms 2012 Use the amount in box 5 to figure whether any of your benefits are taxable. State tax forms 2012 Example. State tax forms 2012 In 2012, you received $3,000 in social security benefits, and in 2013 you received $2,700. State tax forms 2012 In March 2013, SSA notified you that you should have received only $2,500 in benefits in 2012. State tax forms 2012 During 2013, you repaid $500 to SSA. State tax forms 2012 The Form SSA-1099 you received for 2013 shows $2,700 in box 3 (gross amount) and $500 in box 4 (repayment). State tax forms 2012 The amount in box 5 shows your net benefits of $2,200 ($2,700 minus $500). State tax forms 2012 Tax withholding and estimated tax. State tax forms 2012   You can choose to have federal income tax withheld from your social security benefits and/or the SSEB portion of your tier 1 railroad retirement benefits. State tax forms 2012 If you choose to do this, you must complete a Form W-4V, Voluntary Withholding Statement. State tax forms 2012   If you do not choose to have income tax withheld, you may have to request additional withholding from other income or pay estimated tax during the year. State tax forms 2012 For details, see Publication 505, Tax Withholding and Estimated Tax, or the instructions for Form 1040-ES, Estimated Tax for Individuals. State tax forms 2012 U. State tax forms 2012 S. State tax forms 2012 citizens residing abroad. State tax forms 2012   U. State tax forms 2012 S. State tax forms 2012 citizens who are residents of the following countries are exempt from U. State tax forms 2012 S. State tax forms 2012 tax on their benefits. State tax forms 2012 Canada. State tax forms 2012 Egypt. State tax forms 2012 Germany. State tax forms 2012 Ireland. State tax forms 2012 Israel. State tax forms 2012 Italy. State tax forms 2012 (You must also be a citizen of Italy for the exemption to apply. State tax forms 2012 ) Romania. State tax forms 2012 United Kingdom. State tax forms 2012   The SSA will not withhold U. State tax forms 2012 S. State tax forms 2012 tax from your benefits if you are a U. State tax forms 2012 S. State tax forms 2012 citizen. State tax forms 2012   The RRB will withhold U. State tax forms 2012 S. State tax forms 2012 tax from your benefits unless you file Form RRB-1001, Nonresident Questionnaire, with the RRB to provide citizenship and residency information. State tax forms 2012 If you do not file Form RRB-1001, the RRB will consider you a nonresident alien and withhold tax from your railroad retirement benefits at a 30% rate. State tax forms 2012 Contact the RRB to get this form. State tax forms 2012 Lawful permanent residents. State tax forms 2012   For U. State tax forms 2012 S. State tax forms 2012 income tax purposes, lawful permanent residents (green card holders) are considered resident aliens until their lawful permanent resident status under the immigration laws is either taken away or is administratively or judicially determined to have been abandoned. State tax forms 2012 Social security benefits paid to a green card holder are not subject to 30% withholding. State tax forms 2012 If you are a green card holder and tax was withheld in error on your social security benefits because you have a foreign address, the withholding tax is refundable by the Social Security Administration (SSA) or the IRS. State tax forms 2012 SSA will refund taxes erroneously withheld if the refund can be processed during the same calendar year in which the tax was withheld. State tax forms 2012 If SSA cannot refund the taxes withheld, you must file a Form 1040 or 1040A with the Internal Revenue Service Center, Austin, TX 73301 to determine if you are entitled to a refund. State tax forms 2012 You must also attach the following information to your Form 1040 or 1040A: A copy of the Form SSA-1042S, Social Security Benefit Statement, A copy of the “green card,” and A signed declaration that includes the following statements:    “The SSA should not have withheld federal income tax from my social security benefits because I am a U. State tax forms 2012 S. State tax forms 2012 lawful permanent resident and my green card has been neither revoked nor administratively or judicially determined to have been abandoned. State tax forms 2012 I am filing a U. State tax forms 2012 S. State tax forms 2012 income tax return for the tax year as a resident alien reporting all of my worldwide income. State tax forms 2012 I have not claimed benefits for the tax year under an income tax treaty as a nonresident alien. State tax forms 2012 ” Nonresident aliens. State tax forms 2012   A nonresident alien is an individual who is not a citizen or resident of the United States. State tax forms 2012 If you are a nonresident alien, the rules discussed in this publication do not apply to you. State tax forms 2012 Instead, 85% of your benefits are taxed at a 30% rate, unless exempt (or subject to a lower rate) by treaty. State tax forms 2012 You will receive a Form SSA-1042S or Form RRB-1042S showing the amount of your benefits. State tax forms 2012 These forms will also show the tax rate and the amount of tax withheld from your benefits. State tax forms 2012   Under tax treaties with the following countries, residents of these countries are exempt from U. State tax forms 2012 S. State tax forms 2012 tax on their benefits. State tax forms 2012 Canada. State tax forms 2012 Egypt. State tax forms 2012 Germany. State tax forms 2012 Ireland. State tax forms 2012 Israel. State tax forms 2012 Italy. State tax forms 2012 Japan. State tax forms 2012 Romania. State tax forms 2012 United Kingdom. State tax forms 2012   Under a treaty with India, benefits paid to individuals who are both residents and nationals of India are exempt from U. State tax forms 2012 S. State tax forms 2012 tax if the benefits are for services performed for the United States, its subdivisions, or local government authorities. State tax forms 2012   If you are a resident of Switzerland, your total benefit amount will be taxed at a 15% rate. State tax forms 2012   For more information on whether you are a nonresident alien, see Publication 519, U. State tax forms 2012 S. State tax forms 2012 Tax Guide for Aliens. State tax forms 2012 Exemption from withholding. State tax forms 2012   If your social security benefits are exempt from tax because you are a resident of one of the treaty countries listed, the SSA will not withhold U. State tax forms 2012 S. State tax forms 2012 tax from your benefits. State tax forms 2012   If your railroad retirement benefits are exempt from tax because you are a resident of one of the treaty countries listed, you can claim an exemption from withholding by filing Form RRB-1001 with the RRB. State tax forms 2012 Contact the RRB to get this form. State tax forms 2012 Canadian or German social security benefits paid to U. State tax forms 2012 S. State tax forms 2012 residents. State tax forms 2012   Under income tax treaties with Canada and Germany, social security benefits paid by those countries to U. State tax forms 2012 S. State tax forms 2012 residents are treated for U. State tax forms 2012 S. State tax forms 2012 income tax purposes as if they were paid under the social security legislation of the United States. State tax forms 2012 If you receive social security benefits from Canada or Germany, include them on line 1 of Worksheet 1, shown later. State tax forms 2012 How To Report Your Benefits If part of your benefits are taxable, you must use Form 1040 or Form 1040A. State tax forms 2012 You cannot use Form 1040EZ. State tax forms 2012 Reporting on Form 1040. State tax forms 2012   Report your net benefits (the total amount from box 5 of all your Forms SSA-1099 and Forms RRB-1099) on line 20a and the taxable part on line 20b. State tax forms 2012 If you are married filing separately and you lived apart from your spouse for all of 2013, also enter “D” to the right of the word “benefits” on line 20a. State tax forms 2012 Reporting on Form 1040A. State tax forms 2012   Report your net benefits (the total amount from box 5 of all your Forms SSA-1099 and Forms RRB-1099) on line 14a and the taxable part on line 14b. State tax forms 2012 If you are married filing separately and you lived apart from your spouse for all of 2013, also enter “D” to the right of the word “benefits” on line 14a. State tax forms 2012 Benefits not taxable. State tax forms 2012   If you are filing Form 1040EZ, do not report any benefits on your tax return. State tax forms 2012 If you are filing Form 1040 or Form 1040A, report your net benefits (the total amount from box 5 of all your Forms SSA-1099 and Forms RRB-1099) on Form 1040, line 20a, or Form 1040A, line 14a. State tax forms 2012 Enter -0- on Form 1040, line 20b, or Form 1040A, line 14b. State tax forms 2012 If you are married filing separately and you lived apart from your spouse for all of 2013, also enter “D” to the right of the word “benefits” on Form 1040, line 20a, or Form 1040A, line 14a. State tax forms 2012 How Much Is Taxable? If part of your benefits are taxable, how much is taxable depends on the total amount of your benefits and other income. State tax forms 2012 Generally, the higher that total amount, the greater the taxable part of your benefits. State tax forms 2012 Maximum taxable part. State tax forms 2012   Generally, up to 50% of your benefits will be taxable. State tax forms 2012 However, up to 85% of your benefits can be taxable if either of the following situations applies to you. State tax forms 2012 The total of one-half of your benefits and all your other income is more than $34,000 ($44,000 if you are married filing jointly). State tax forms 2012 You are married filing separately and lived with your spouse at any time during 2013. State tax forms 2012 Which worksheet to use. State tax forms 2012   A worksheet you can use to figure your taxable benefits is in the instructions for your Form 1040 or 1040A. State tax forms 2012 You can use either that worksheet or Worksheet 1 in this publication, unless any of the following situations applies to you. State tax forms 2012 You contributed to a traditional individual retirement arrangement (IRA) and you or your spouse is covered by a retirement plan at work. State tax forms 2012 In this situation you must use the special worksheets in Appendix B of Publication 590 to figure both your IRA deduction and your taxable benefits. State tax forms 2012 Situation (1) does not apply and you take an exclusion for interest from qualified U. State tax forms 2012 S. State tax forms 2012 savings bonds (Form 8815), for adoption benefits (Form 8839), for foreign earned income or housing (Form 2555 or Form 2555-EZ), or for income earned in American Samoa (Form 4563) or Puerto Rico by bona fide residents. State tax forms 2012 In this situation, you must use Worksheet 1 in this publication to figure your taxable benefits. State tax forms 2012 You received a lump-sum payment for an earlier year. State tax forms 2012 In this situation, also complete Worksheet 2 or 3 and Worksheet 4 in this publication. State tax forms 2012 See Lump-Sum Election , later. State tax forms 2012 Examples A few examples you can use as a guide to figure the taxable part of your benefits follow. State tax forms 2012 Filled-in Worksheet 1. State tax forms 2012 Figuring Your Taxable Benefits Before you begin: If you are married filing separately and you lived apart from your spouse for all of 2013, enter “D” to the right of the word “benefits” on Form 1040, line 20a, or Form 1040A, line 14a. State tax forms 2012 Do not use this worksheet if you repaid benefits in 2013 and your total repayments (box 4 of Forms SSA-1099 and RRB-1099) were more than your gross benefits for 2013 (box 3 of Forms SSA-1099 and RRB-1099). State tax forms 2012 None of your benefits are taxable for 2013. State tax forms 2012 For more information, see Repayments More Than Gross Benefits . State tax forms 2012 If you are filing Form 8815, Exclusion of Interest From Series EE and I U. State tax forms 2012 S. State tax forms 2012 Savings Bonds Issued After 1989, do not include the amount from line 8a of Form 1040 or Form 1040A on line 3 of this worksheet. State tax forms 2012 Instead, include the amount from Schedule B (Form 1040A or 1040), line 2. State tax forms 2012 1. State tax forms 2012 Enter the total amount from box 5 of ALL your Forms SSA-1099 and RRB-1099. State tax forms 2012 Also enter this amount on Form 1040, line 20a, or Form 1040A, line 14a 1. State tax forms 2012 $5,980         2. State tax forms 2012 Enter one-half of line 1 2. State tax forms 2012 2,990     3. State tax forms 2012 Combine the amounts from: Form 1040: Lines 7, 8a, 9a, 10 through 14, 15b, 16b, 17 through 19, and 21 Form 1040A: Lines 7, 8a, 9a, 10, 11b, 12b, and 13 3. State tax forms 2012 28,990     4. State tax forms 2012 Enter the amount, if any, from Form 1040 or 1040A, line 8b 4. State tax forms 2012 -0-     5. State tax forms 2012 Enter the total of any exclusions/adjustments for: Adoption benefits (Form 8839, line 28), Foreign earned income or housing (Form 2555, lines 45 and 50, or Form 2555-EZ, line 18), and Certain income of bona fide residents of American Samoa (Form 4563, line 15) or Puerto Rico 5. State tax forms 2012 -0-     6. State tax forms 2012 Combine lines 2, 3, 4, and 5 6. State tax forms 2012 31,980     7. State tax forms 2012 Form 1040 filers: Enter the amounts from Form 1040, lines 23 through 32, and any write-in adjustments you entered on the dotted line next to line 36. State tax forms 2012  Form 1040A filers: Enter the amounts from Form 1040A, lines 16 and 17 7. State tax forms 2012 -0-     8. State tax forms 2012 Is the amount on line 7 less than the amount on line 6?             No. State tax forms 2012 None of your social security benefits are taxable. State tax forms 2012 Enter -0- on Form 1040, line 20b, or Form 1040A, line 14b. State tax forms 2012             Yes. State tax forms 2012 Subtract line 7 from line 6 8. State tax forms 2012 31,980     9. State tax forms 2012 If you are:  Married filing jointly, enter $32,000 Single, head of household, qualifying widow(er), or married filing separately and you lived apart from your spouse for all of 2013, enter $25,000 9. State tax forms 2012 25,000       Note. State tax forms 2012 If you are married filing separately and you lived with your spouse at any time in 2013, skip lines 9 through 16; multiply line 8 by 85% (. State tax forms 2012 85) and enter the result on line 17. State tax forms 2012 Then go to line 18. State tax forms 2012         10. State tax forms 2012 Is the amount on line 9 less than the amount on line 8?             No. State tax forms 2012 None of your benefits are taxable. State tax forms 2012 Enter -0- on Form 1040, line 20b, or on Form 1040A, line 14b. State tax forms 2012 If you are married filing separately and you lived apart from your spouse for all of 2013, be sure you entered “D” to the right of the word “benefits” on Form 1040, line 20a, or on Form 1040A, line 14a. State tax forms 2012             Yes. State tax forms 2012 Subtract line 9 from line 8 10. State tax forms 2012 6,980     11. State tax forms 2012 Enter $12,000 if married filing jointly; $9,000 if single, head of household, qualifying widow(er), or married filing separately and you lived apart from your spouse for all of 2013 11. State tax forms 2012 9,000     12. State tax forms 2012 Subtract line 11 from line 10. State tax forms 2012 If zero or less, enter -0- 12. State tax forms 2012 -0-     13. State tax forms 2012 Enter the smaller of line 10 or line 11 13. State tax forms 2012 6,980     14. State tax forms 2012 Enter one-half of line 13 14. State tax forms 2012 3,490     15. State tax forms 2012 Enter the smaller of line 2 or line 14 15. State tax forms 2012 2,990     16. State tax forms 2012 Multiply line 12 by 85% (. State tax forms 2012 85). State tax forms 2012 If line 12 is zero, enter -0- 16. State tax forms 2012 -0-     17. State tax forms 2012 Add lines 15 and 16 17. State tax forms 2012 2,990     18. State tax forms 2012 Multiply line 1 by 85% (. State tax forms 2012 85) 18. State tax forms 2012 5,083     19. State tax forms 2012 Taxable benefits. State tax forms 2012 Enter the smaller of line 17 or line 18. State tax forms 2012 Also enter this amount on Form 1040, line 20b, or Form 1040A, line 14b 19. State tax forms 2012 $2,990       If you received a lump-sum payment in 2013 that was for an earlier year, also complete Worksheet 2 or 3 and Worksheet 4 to see if you can report a lower taxable benefit. State tax forms 2012         Example 1. State tax forms 2012 George White is single and files Form 1040 for 2013. State tax forms 2012 In addition to receiving social security payments, he received a fully taxable pension of $18,600, wages from a part-time job of $9,400, and taxable interest income of $990, for a total of $28,990. State tax forms 2012 He received a Form SSA-1099 in January 2014 that shows his net social security benefits of $5,980 in box 5. State tax forms 2012   To figure his taxable benefits, George completes Worksheet 1, shown below. State tax forms 2012 On line 20a of his Form 1040, George enters his net benefits of $5,980. State tax forms 2012 On line 20b, he enters his taxable benefits of $2,990. State tax forms 2012 Example 2. State tax forms 2012 Ray and Alice Hopkins file a joint return on Form 1040A for 2013. State tax forms 2012 Ray is retired and received a fully taxable pension of $15,500. State tax forms 2012 He also received social security benefits and his Form SSA-1099 for 2013 shows net benefits of $5,600 in box 5. State tax forms 2012 Alice worked during the year and had wages of $14,000. State tax forms 2012 She made a deductible payment to her IRA account of $1,000. State tax forms 2012 Ray and Alice have two savings accounts with a total of $250 in taxable interest income. State tax forms 2012 They complete Worksheet 1, entering $29,750 ($15,500 + $14,000 + $250) on line 3. State tax forms 2012 They find none of Ray's social security benefits are taxable. State tax forms 2012 On Form 1040A, they enter $5,600 on line 14a and -0- on line 14b. State tax forms 2012 Filled-in Worksheet 1. State tax forms 2012 Figuring Your Taxable Benefits Before you begin: If you are married filing separately and you lived apart from your spouse for all of 2013, enter “D” to the right of the word “benefits” on Form 1040, line 20a, or Form 1040A, line 14a. State tax forms 2012 Do not use this worksheet if you repaid benefits in 2013 and your total repayments (box 4 of Forms SSA-1099 and RRB-1099) were more than your gross benefits for 2013 (box 3 of Forms SSA-1099 and RRB-1099). State tax forms 2012 None of your benefits are taxable for 2013. State tax forms 2012 For more information, see Repayments More Than Gross Benefits . State tax forms 2012 If you are filing Form 8815, Exclusion of Interest From Series EE and I U. State tax forms 2012 S. State tax forms 2012 Savings Bonds Issued After 1989, do not include the amount from line 8a of Form 1040 or Form 1040A on line 3 of this worksheet. State tax forms 2012 Instead, include the amount from Schedule B (Form 1040A or 1040), line 2. State tax forms 2012 1. State tax forms 2012 Enter the total amount from box 5 of ALL your Forms SSA-1099 and RRB-1099. State tax forms 2012 Also enter this amount on Form 1040, line 20a, or Form 1040A, line 14a 1. State tax forms 2012 $5,600         2. State tax forms 2012 Enter one-half of line 1 2. State tax forms 2012 2,800     3. State tax forms 2012 Combine the amounts from: Form 1040: Lines 7, 8a, 9a, 10 through 14, 15b, 16b, 17 through 19, and 21 Form 1040A: Lines 7, 8a, 9a, 10, 11b, 12b, and 13 3. State tax forms 2012 29,750     4. State tax forms 2012 Enter the amount, if any, from Form 1040 or 1040A, line 8b 4. State tax forms 2012 -0-     5. State tax forms 2012 Enter the total of any exclusions/adjustments for: Adoption benefits (Form 8839, line 28), Foreign earned income or housing (Form 2555, lines 45 and 50, or Form 2555-EZ, line 18), and Certain income of bona fide residents of American Samoa (Form 4563, line 15) or Puerto Rico 5. State tax forms 2012 -0-     6. State tax forms 2012 Combine lines 2, 3, 4, and 5 6. State tax forms 2012 32,550     7. State tax forms 2012 Form 1040 filers: Enter the amounts from Form 1040, lines 23 through 32, and any write-in adjustments you entered on the dotted line next to line 36. State tax forms 2012  Form 1040A filers: Enter the amounts from Form 1040A, lines 16 and 17 7. State tax forms 2012 1,000     8. State tax forms 2012 Is the amount on line 7 less than the amount on line 6?             No. State tax forms 2012 None of your social security benefits are taxable. State tax forms 2012 Enter -0- on Form 1040, line 20b, or Form 1040A, line 14b. State tax forms 2012             Yes. State tax forms 2012 Subtract line 7 from line 6 8. State tax forms 2012 31,550     9. State tax forms 2012 If you are:  Married filing jointly, enter $32,000 Single, head of household, qualifying widow(er), or married filing separately and you lived apart from your spouse for all of 2013, enter $25,000 9. State tax forms 2012 32,000       Note. State tax forms 2012 If you are married filing separately and you lived with your spouse at any time in 2013, skip lines 9 through 16; multiply line 8 by 85% (. State tax forms 2012 85) and enter the result on line 17. State tax forms 2012 Then go to line 18. State tax forms 2012         10. State tax forms 2012 Is the amount on line 9 less than the amount on line 8?             No. State tax forms 2012 None of your benefits are taxable. State tax forms 2012 Enter -0- on Form 1040, line 20b, or on Form 1040A, line 14b. State tax forms 2012 If you are married filing separately and you lived apart from your spouse for all of 2013, be sure you entered “D” to the right of the word “benefits” on Form 1040, line 20a, or on Form 1040A, line 14a. State tax forms 2012             Yes. State tax forms 2012 Subtract line 9 from line 8 10. State tax forms 2012       11. State tax forms 2012 Enter $12,000 if married filing jointly; $9,000 if single, head of household, qualifying widow(er), or married filing separately and you lived apart from your spouse for all of 2013 11. State tax forms 2012       12. State tax forms 2012 Subtract line 11 from line 10. State tax forms 2012 If zero or less, enter -0- 12. State tax forms 2012       13. State tax forms 2012 Enter the smaller of line 10 or line 11 13. State tax forms 2012       14. State tax forms 2012 Enter one-half of line 13 14. State tax forms 2012       15. State tax forms 2012 Enter the smaller of line 2 or line 14 15. State tax forms 2012       16. State tax forms 2012 Multiply line 12 by 85% (. State tax forms 2012 85). State tax forms 2012 If line 12 is zero, enter -0- 16. State tax forms 2012       17. State tax forms 2012 Add lines 15 and 16 17. State tax forms 2012       18. State tax forms 2012 Multiply line 1 by 85% (. State tax forms 2012 85) 18. State tax forms 2012       19. State tax forms 2012 Taxable benefits. State tax forms 2012 Enter the smaller of line 17 or line 18. State tax forms 2012 Also enter this amount on Form 1040, line 20b, or Form 1040A, line 14b 19. State tax forms 2012         If you received a lump-sum payment in 2013 that was for an earlier year, also complete Worksheet 2 or 3 and Worksheet 4 to see if you can report a lower taxable benefit. State tax forms 2012         Example 3. State tax forms 2012 Joe and Betty Johnson file a joint return on Form 1040 for 2013. State tax forms 2012 Joe is a retired railroad worker and in 2013 received the social security equivalent benefit (SSEB) portion of tier 1 railroad retirement benefits. State tax forms 2012 Joe's Form RRB-1099 shows $10,000 in box 5. State tax forms 2012 Betty is a retired government worker and received a fully taxable pension of $38,000. State tax forms 2012 They had $2,300 in taxable interest income plus interest of $200 on a qualified U. State tax forms 2012 S. State tax forms 2012 savings bond. State tax forms 2012 The savings bond interest qualified for the exclusion. State tax forms 2012 They figure their taxable benefits by completing Worksheet 1 below. State tax forms 2012 Because they have qualified U. State tax forms 2012 S. State tax forms 2012 savings bond interest, they follow the note at the beginning of the worksheet and use the amount from line 2 of their Schedule B (Form 1040A or 1040) on line 3 of the worksheet instead of the amount from line 8a of their Form 1040. State tax forms 2012 On line 3 of the worksheet, they enter $40,500 ($38,000 + $2,500). State tax forms 2012 More than 50% of Joe's net benefits are taxable because the income on line 8 of the worksheet ($45,500) is more than $44,000. State tax forms 2012 (See Maximum taxable part under How Much Is Taxable earlier. State tax forms 2012 ) Joe and Betty enter $10,000 on Form 1040, line 20a, and $6,275 on Form 1040, line 20b. State tax forms 2012 Filled-in Worksheet 1. State tax forms 2012 Figuring Your Taxable Benefits Before you begin: If you are married filing separately and you lived apart from your spouse for all of 2013, enter “D” to the right of the word “benefits” on Form 1040, line 20a, or Form 1040A, line 14a. State tax forms 2012 Do not use this worksheet if you repaid benefits in 2013 and your total repayments (box 4 of Forms SSA-1099 and RRB-1099) were more than your gross benefits for 2013 (box 3 of Forms SSA-1099 and RRB-1099). State tax forms 2012 None of your benefits are taxable for 2013. State tax forms 2012 For more information, see Repayments More Than Gross Benefits . State tax forms 2012 If you are filing Form 8815, Exclusion of Interest From Series EE and I U. State tax forms 2012 S. State tax forms 2012 Savings Bonds Issued After 1989, do not include the amount from line 8a of Form 1040 or Form 1040A on line 3 of this worksheet. State tax forms 2012 Instead, include the amount from Schedule B (Form 1040A or 1040), line 2. State tax forms 2012 1. State tax forms 2012 Enter the total amount from box 5 of ALL your Forms SSA-1099 and RRB-1099. State tax forms 2012 Also enter this amount on Form 1040, line 20a, or Form 1040A, line 14a 1. State tax forms 2012 $10,000         2. State tax forms 2012 Enter one-half of line 1 2. State tax forms 2012 5,000     3. State tax forms 2012 Combine the amounts from: Form 1040: Lines 7, 8a, 9a, 10 through 14, 15b, 16b, 17 through 19, and 21 Form 1040A: Lines 7, 8a, 9a, 10, 11b, 12b, and 13 3. State tax forms 2012 40,500     4. State tax forms 2012 Enter the amount, if any, from Form 1040 or 1040A, line 8b 4. State tax forms 2012 -0-     5. State tax forms 2012 Enter the total of any exclusions/adjustments for: Adoption benefits (Form 8839, line 28), Foreign earned income or housing (Form 2555, lines 45 and 50, or Form 2555-EZ, line 18), and Certain income of bona fide residents of American Samoa (Form 4563, line 15) or Puerto Rico 5. State tax forms 2012 -0-     6. State tax forms 2012 Combine lines 2, 3, 4, and 5 6. State tax forms 2012 45,500     7. State tax forms 2012 Form 1040 filers: Enter the amounts from Form 1040, lines 23 through 32, and any write-in adjustments you entered on the dotted line next to line 36. State tax forms 2012  Form 1040A filers: Enter the amounts from Form 1040A, lines 16 and 17 7. State tax forms 2012 -0-     8. State tax forms 2012 Is the amount on line 7 less than the amount on line 6?             No. State tax forms 2012 None of your social security benefits are taxable. State tax forms 2012 Enter -0- on Form 1040, line 20b, or Form 1040A, line 14b. State tax forms 2012             Yes. State tax forms 2012 Subtract line 7 from line 6 8. State tax forms 2012 45,500     9. State tax forms 2012 If you are:  Married filing jointly, enter $32,000 Single, head of household, qualifying widow(er), or married filing separately and you lived apart from your spouse for all of 2013, enter $25,000 9. State tax forms 2012 32,000       Note. State tax forms 2012 If you are married filing separately and you lived with your spouse at any time in 2013, skip lines 9 through 16; multiply line 8 by 85% (. State tax forms 2012 85) and enter the result on line 17. State tax forms 2012 Then go to line 18. State tax forms 2012         10. State tax forms 2012 Is the amount on line 9 less than the amount on line 8?             No. State tax forms 2012 None of your benefits are taxable. State tax forms 2012 Enter -0- on Form 1040, line 20b, or on Form 1040A, line 14b. State tax forms 2012 If you are married filing separately and you lived apart from your spouse for all of 2013, be sure you entered “D” to the right of the word “benefits” on Form 1040, line 20a, or on Form 1040A, line 14a. State tax forms 2012             Yes. State tax forms 2012 Subtract line 9 from line 8 10. State tax forms 2012 13,500     11. State tax forms 2012 Enter $12,000 if married filing jointly; $9,000 if single, head of household, qualifying widow(er), or married filing separately and you lived apart from your spouse for all of 2013 11. State tax forms 2012 12,000     12. State tax forms 2012 Subtract line 11 from line 10. State tax forms 2012 If zero or less, enter -0- 12. State tax forms 2012 1,500     13. State tax forms 2012 Enter the smaller of line 10 or line 11 13. State tax forms 2012 12,000     14. State tax forms 2012 Enter one-half of line 13 14. State tax forms 2012 6,000     15. State tax forms 2012 Enter the smaller of line 2 or line 14 15. State tax forms 2012 5,000     16. State tax forms 2012 Multiply line 12 by 85% (. State tax forms 2012 85). State tax forms 2012 If line 12 is zero, enter -0- 16. State tax forms 2012 1,275     17. State tax forms 2012 Add lines 15 and 16 17. State tax forms 2012 6,275     18. State tax forms 2012 Multiply line 1 by 85% (. State tax forms 2012 85) 18. State tax forms 2012 8,500     19. State tax forms 2012 Taxable benefits. State tax forms 2012 Enter the smaller of line 17 or line 18. State tax forms 2012 Also enter this amount on Form 1040, line 20b, or Form 1040A, line 14b 19. State tax forms 2012 $6,275       If you received a lump-sum payment in 2013 that was for an earlier year, also complete Worksheet 2 or 3 and Worksheet 4 to see if you can report a lower taxable benefit. State tax forms 2012         Filled-in Worksheet 1. State tax forms 2012 Figuring Your Taxable Benefits Before you begin: If you are married filing separately and you lived apart from your spouse for all of 2013, enter “D” to the right of the word “benefits” on Form 1040, line 20a, or Form 1040A, line 14a. State tax forms 2012 Do not use this worksheet if you repaid benefits in 2013 and your total repayments (box 4 of Forms SSA-1099 and RRB-1099) were more than your gross benefits for 2013 (box 3 of Forms SSA-1099 and RRB-1099). State tax forms 2012 None of your benefits are taxable for 2013. State tax forms 2012 For more information, see Repayments More Than Gross Benefits . State tax forms 2012 If you are filing Form 8815, Exclusion of Interest From Series EE and I U. State tax forms 2012 S. State tax forms 2012 Savings Bonds Issued After 1989, do not include the amount from line 8a of Form 1040 or Form 1040A on line 3 of this worksheet. State tax forms 2012 Instead, include the amount from Schedule B (Form 1040A or 1040), line 2. State tax forms 2012 1. State tax forms 2012 Enter the total amount from box 5 of ALL your Forms SSA-1099 and RRB-1099. State tax forms 2012 Also enter this amount on Form 1040, line 20a, or Form 1040A, line 14a 1. State tax forms 2012 $4,000         2. State tax forms 2012 Enter one-half of line 1 2. State tax forms 2012 2,000     3. State tax forms 2012 Combine the amounts from: Form 1040: Lines 7, 8a, 9a, 10 through 14, 15b, 16b, 17 through 19, and 21 Form 1040A: Lines 7, 8a, 9a, 10, 11b, 12b, and 13 3. State tax forms 2012 8,000     4. State tax forms 2012 Enter the amount, if any, from Form 1040 or 1040A, line 8b 4. State tax forms 2012 -0-     5. State tax forms 2012 Enter the total of any exclusions/adjustments for: Adoption benefits (Form 8839, line 28), Foreign earned income or housing (Form 2555, lines 45 and 50, or Form 2555-EZ, line 18), and Certain income of bona fide residents of American Samoa (Form 4563, line 15) or Puerto Rico 5. State tax forms 2012 -0-     6. State tax forms 2012 Combine lines 2, 3, 4, and 5 6. State tax forms 2012 10,000     7. State tax forms 2012 Form 1040 filers: Enter the amounts from Form 1040, lines 23 through 32, and any write-in adjustments you entered on the dotted line next to line 36. State tax forms 2012  Form 1040A filers: Enter the amounts from Form 1040A, lines 16 and 17 7. State tax forms 2012 -0-     8. State tax forms 2012 Is the amount on line 7 less than the amount on line 6?             No. State tax forms 2012 None of your social security benefits are taxable. State tax forms 2012 Enter -0- on Form 1040, line 20b, or Form 1040A, line 14b. State tax forms 2012             Yes. State tax forms 2012 Subtract line 7 from line 6 8. State tax forms 2012 10,000     9. State tax forms 2012 If you are:  Married filing jointly, enter $32,000 Single, head of household, qualifying widow(er), or married filing separately and you lived apart from your spouse for all of 2013, enter $25,000 9. State tax forms 2012         Note. State tax forms 2012 If you are married filing separately and you lived with your spouse at any time in 2013, skip lines 9 through 16; multiply line 8 by 85% (. State tax forms 2012 85) and enter the result on line 17. State tax forms 2012 Then go to line 18. State tax forms 2012         10. State tax forms 2012 Is the amount on line 9 less than the amount on line 8?             No. State tax forms 2012 None of your benefits are taxable. State tax forms 2012 Enter -0- on Form 1040, line 20b, or on Form 1040A, line 14b. State tax forms 2012 If you are married filing separately and you lived apart from your spouse for all of 2013, be sure you entered “D” to the right of the word “benefits” on Form 1040, line 20a, or on Form 1040A, line 14a. State tax forms 2012             Yes. State tax forms 2012 Subtract line 9 from line 8 10. State tax forms 2012       11. State tax forms 2012 Enter $12,000 if married filing jointly; $9,000 if single, head of household, qualifying widow(er), or married filing separately and you lived apart from your spouse for all of 2013 11. State tax forms 2012       12. State tax forms 2012 Subtract line 11 from line 10. State tax forms 2012 If zero or less, enter -0- 12. State tax forms 2012       13. State tax forms 2012 Enter the smaller of line 10 or line 11 13. State tax forms 2012       14. State tax forms 2012 Enter one-half of line 13 14. State tax forms 2012       15. State tax forms 2012 Enter the smaller of line 2 or line 14 15. State tax forms 2012       16. State tax forms 2012 Multiply line 12 by 85% (. State tax forms 2012 85). State tax forms 2012 If line 12 is zero, enter -0- 16. State tax forms 2012       17. State tax forms 2012 Add lines 15 and 16 17. State tax forms 2012 8,500     18. State tax forms 2012 Multiply line 1 by 85% (. State tax forms 2012 85) 18. State tax forms 2012 3,400     19. State tax forms 2012 Taxable benefits. State tax forms 2012 Enter the smaller of line 17 or line 18. State tax forms 2012 Also enter this amount on Form 1040, line 20b, or Form 1040A, line 14b 19. State tax forms 2012 $3,400       If you received a lump-sum payment in 2013 that was for an earlier year, also complete Worksheet 2 or 3 and Worksheet 4 to see if you can report a lower taxable benefit. State tax forms 2012         Example 4. State tax forms 2012 Bill and Eileen Jones are married and live together, but file separate Form 1040 returns for 2013. State tax forms 2012 Bill earned $8,000 during 2013. State tax forms 2012 The only other income he had for the year was $4,000 net social security benefits (box 5 of his Form SSA-1099). State tax forms 2012 Bill figures his taxable benefits by completing Worksheet 1 below. State tax forms 2012 He must include 85% of his social security benefits in his taxable income because he is married filing separately and lived with his spouse during 2013. State tax forms 2012 See How Much Is Taxable earlier. State tax forms 2012 Bill enters $4,000 on his Form 1040, line 20a, and $3,400 on Form 1040, line 20b. State tax forms 2012 Lump-Sum Election You must include the taxable part of a lump-sum (retroactive) payment of benefits received in 2013 in your 2013 income, even if the payment includes benefits for an earlier year. State tax forms 2012 This type of lump-sum benefit payment should not be confused with the lump-sum death benefit that both the SSA and RRB pay to many of their beneficiaries. State tax forms 2012 No part of the lump-sum death benefit is subject to tax. State tax forms 2012 Generally, you use your 2013 income to figure the taxable part of the total benefits received in 2013. State tax forms 2012 However, you may be able to figure the taxable part of a lump-sum payment for an earlier year separately, using your income for the earlier year. State tax forms 2012 You can elect this method if it lowers your taxable benefits. State tax forms 2012 Under the lump-sum election method, you refigure the taxable part of all your benefits for the earlier year (including the lump-sum payment) using that year's income. State tax forms 2012 Then you subtract any taxable benefits for that year that you previously reported. State tax forms 2012 The remainder is the taxable part of the lump-sum payment. State tax forms 2012 Add it to the taxable part of your benefits for 2013 (figured without the lump-sum payment for the earlier year). State tax forms 2012 Because the earlier year's taxable benefits are included in your 2013 income, no adjustment is made to the earlier year's return. State tax forms 2012 Do not file an amended return for the earlier year. State tax forms 2012 Will the lump-sum election method lower your taxable benefits?   To find out, take the following steps. State tax forms 2012 Complete Worksheet 1 in this publication. State tax forms 2012 Complete Worksheet 2 and Worksheet 3 as appropriate. State tax forms 2012 Use Worksheet 2 if your lump-sum payment was for a year after 1993. State tax forms 2012 Use Worksheet 3 if it was for 1993 or an earlier year. State tax forms 2012 Complete a separate Worksheet 2 or Worksheet 3 for each earlier year for which you received the lump-sum payment. State tax forms 2012 Complete Worksheet 4. State tax forms 2012 Compare the taxable benefits on line 19 of Worksheet 1 with the taxable benefits on line 21 of Worksheet 4. State tax forms 2012 If the taxable benefits on Worksheet 4 are lower than the taxable benefits on Worksheet 1, you can elect to report the lower amount on your return. State tax forms 2012 Making the election. State tax forms 2012   If you elect to report your taxable benefits under the lump-sum election method, follow the instructions at the bottom of Worksheet 4. State tax forms 2012 Do not attach the completed worksheets to your return. State tax forms 2012 Keep them with your records. State tax forms 2012    Once you elect this method of figuring the taxable part of a lump-sum payment, you can revoke your election only with the consent of the IRS. State tax forms 2012 Lump-sum payment reported on Form SSA-1099 or RRB-1099. State tax forms 2012   If you received a lump-sum payment in 2013 that includes benefits for one or more earlier years after 1983, it will be included in box 3 of either Form SSA-1099 or Form RRB-1099. State tax forms 2012 That part of any lump-sum payment for years before 1984 is not taxed and will not be shown on the form. State tax forms 2012 The form will also show the year (or years) the payment is for. State tax forms 2012 However, Form RRB-1099 will not show a breakdown by year (or years) of any lump-sum payment for years before 2011. State tax forms 2012 You must contact the RRB for a breakdown by year for any amount shown in box 9. State tax forms 2012 Example Jane Jackson is single. State tax forms 2012 In 2012 she applied for social security disability benefits but was told she was ineligible. State tax forms 2012 She appealed the decision and won. State tax forms 2012 In 2013, she received a lump-sum payment of $6,000, of which $2,000 was for 2012 and $4,000 was for 2013. State tax forms 2012 Jane also received $5,000 in social security benefits in 2013, so her total benefits in 2013 were $11,000. State tax forms 2012 Jane's other income for 2012 and 2013 is as follows. State tax forms 2012   Income 2012 2013     Wages $20,000 $ 3,500     Interest income 2,000 2,500     Dividend income 1,000 1,500     Fully taxable pension   18,000     Total $23,000 $25,500   To see if the lump-sum election method results in lower taxable benefits, she completes Worksheets 1, 2, and 4 from this publication. State tax forms 2012 She does not need to complete Worksheet 3 because her lump-sum payment was for years after 1993. State tax forms 2012 Jane completes Worksheet 1 to find the amount of her taxable benefits for 2013 under the regular method. State tax forms 2012 She completes Worksheet 2 to find the taxable part of the lump-sum payment for 2012 under the lump-sum election method. State tax forms 2012 She completes Worksheet 4 to decide if the lump-sum election method will lower her taxable benefits. State tax forms 2012 After completing the worksheets, Jane compares the amounts from Worksheet 4, line 21, and Worksheet 1, line 19. State tax forms 2012 Because the amount on Worksheet 4 is smaller, she chooses to use the lump-sum election method. State tax forms 2012 To do this, she prints “LSE” to the left of Form 1040, line 20a. State tax forms 2012 She then enters $11,000 on Form 1040, line 20a, and her taxable benefits of $2,500 on line 20b. State tax forms 2012 Jane's filled-in worksheets (1, 2, and 4) follow. State tax forms 2012 Jane Jackson's Filled-in Worksheet 1. State tax forms 2012 Figuring Your Taxable Benefits Before you begin: If you are married filing separately and you lived apart from your spouse for all of 2013, enter “D” to the right of the word “benefits” on Form 1040, line 20a, or Form 1040A, line 14a. State tax forms 2012 Do not use this worksheet if you repaid benefits in 2013 and your total repayments (box 4 of Forms SSA-1099 and RRB-1099) were more than your gross benefits for 2013 (box 3 of Forms SSA-1099 and RRB-1099). State tax forms 2012 None of your benefits are taxable for 2013. State tax forms 2012 For more information, see Repayments More Than Gross Benefits . State tax forms 2012 If you are filing Form 8815, Exclusion of Interest From Series EE and I U. State tax forms 2012 S. State tax forms 2012 Savings Bonds Issued After 1989, do not include the amount from line 8a of Form 1040 or Form 1040A on line 3 of this worksheet. State tax forms 2012 Instead, include the amount from Schedule B (Form 1040A or 1040), line 2. State tax forms 2012 1. State tax forms 2012 Enter the total amount from box 5 of ALL your Forms SSA-1099 and RRB-1099. State tax forms 2012 Also enter this amount on Form 1040, line 20a, or Form 1040A, line 14a 1. State tax forms 2012 $11,000         2. State tax forms 2012 Enter one-half of line 1 2. State tax forms 2012 5,500     3. State tax forms 2012 Combine the amounts from: Form 1040: Lines 7, 8a, 9a, 10 through 14, 15b, 16b, 17 through 19, and 21 Form 1040A: Lines 7, 8a, 9a, 10, 11b, 12b, and 13 3. State tax forms 2012 25,500     4. State tax forms 2012 Enter the amount, if any, from Form 1040 or 1040A, line 8b 4. State tax forms 2012 -0-     5. State tax forms 2012 Enter the total of any exclusions/adjustments for: Adoption benefits (Form 8839, line 28), Foreign earned income or housing (Form 2555, lines 45 and 50, or Form 2555-EZ, line 18), and Certain income of bona fide residents of American Samoa (Form 4563, line 15) or Puerto Rico 5. State tax forms 2012 -0-     6. State tax forms 2012 Combine lines 2, 3, 4, and 5 6. State tax forms 2012 31,000     7. State tax forms 2012 Form 1040 filers: Enter the amounts from Form 1040, lines 23 through 32, and any write-in adjustments you entered on the dotted line next to line 36. State tax forms 2012  Form 1040A filers: Enter the amounts from Form 1040A, lines 16 and 17 7. State tax forms 2012 -0-     8. State tax forms 2012 Is the amount on line 7 less than the amount on line 6?             No. State tax forms 2012 None of your social security benefits are taxable. State tax forms 2012 Enter -0- on Form 1040, line 20b, or Form 1040A, line 14b. State tax forms 2012             Yes. State tax forms 2012 Subtract line 7 from line 6 8. State tax forms 2012 31,000     9. State tax forms 2012 If you are:  Married filing jointly, enter $32,000 Single, head of household, qualifying widow(er), or married filing separately and you lived apart from your spouse for all of 2013, enter $25,000 9. State tax forms 2012 25,000       Note. State tax forms 2012 If you are married filing separately and you lived with your spouse at any time in 2013, skip lines 9 through 16; multiply line 8 by 85% (. State tax forms 2012 85) and enter the result on line 17. State tax forms 2012 Then go to line 18. State tax forms 2012         10. State tax forms 2012 Is the amount on line 9 less than the amount on line 8?             No. State tax forms 2012 None of your benefits are taxable. State tax forms 2012 Enter -0- on Form 1040, line 20b, or on Form 1040A, line 14b. State tax forms 2012 If you are married filing separately and you lived apart from your spouse for all of 2013, be sure you entered “D” to the right of the word “benefits” on Form 1040, line 20a, or on Form 1040A, line 14a. State tax forms 2012             Yes. State tax forms 2012 Subtract line 9 from line 8 10. State tax forms 2012 6,000     11. State tax forms 2012 Enter $12,000 if married filing jointly; $9,000 if single, head of household, qualifying widow(er), or married filing separately and you lived apart from your spouse for all of 2013 11. State tax forms 2012 9,000     12. State tax forms 2012 Subtract line 11 from line 10. State tax forms 2012 If zero or less, enter -0- 12. State tax forms 2012 -0-     13. State tax forms 2012 Enter the smaller of line 10 or line 11 13. State tax forms 2012 6,000     14. State tax forms 2012 Enter one-half of line 13 14. State tax forms 2012 3,000     15. State tax forms 2012 Enter the smaller of line 2 or line 14 15. State tax forms 2012 3,000     16. State tax forms 2012 Multiply line 12 by 85% (. State tax forms 2012 85). State tax forms 2012 If line 12 is zero, enter -0- 16. State tax forms 2012 -0-     17. State tax forms 2012 Add lines 15 and 16 17. State tax forms 2012 3,000     18. State tax forms 2012 Multiply line 1 by 85% (. State tax forms 2012 85) 18. State tax forms 2012 9,350     19. State tax forms 2012 Taxable benefits. State tax forms 2012 Enter the smaller of line 17 or line 18. State tax forms 2012 Also enter this amount on Form 1040, line 20b, or Form 1040A, line 14b 19. State tax forms 2012 $3,000       If you received a lump-sum payment in 2013 that was for an earlier year, also complete Worksheet 2 or 3 and Worksheet 4 to see if you can report a lower taxable benefit. State tax forms 2012         Jane Jackson's Filled-in Worksheet 2. State tax forms 2012 Figure Your Additional Taxable Benefits (From a Lump-Sum Payment for a Year After 1993)     Enter earlier year 2012 1. State tax forms 2012 Enter the total amount from box 5 of ALL your Forms SSA-1099 and RRB-1099 for the earlier year, plus the lump-sum payment for the earlier year received after that year 1. State tax forms 2012 $2,000           Note. State tax forms 2012 If line 1 is zero or less, skip lines 2 through 20 and enter -0- on line 21. State tax forms 2012 Otherwise, go on to line 2. State tax forms 2012             2. State tax forms 2012 Enter one-half of line 1 2. State tax forms 2012 1,000   3. State tax forms 2012 Enter your adjusted gross income for the earlier year 3. State tax forms 2012 23,000   4. State tax forms 2012 Enter the total of any exclusions/adjustments you claimed in the earlier year for: Adoption benefits (Form 8839) Qualified U. State tax forms 2012 S. State tax forms 2012 savings bond interest (Form 8815) Student loan interest (Form 1040, page 1, or Form 1040A, page 1) Tuition and fees (Form 1040, page 1, or Form 1040A, page 1) Domestic production activities (for 2005 through 2012) (Form 1040, page 1) Foreign earned income or housing (Form 2555 or Form 2555-EZ) Certain income of bona fide residents of American Samoa (Form 4563) or Puerto Rico 4. State tax forms 2012 -0-   5. State tax forms 2012 Enter any tax-exempt interest received in the earlier year 5. State tax forms 2012 -0-   6. State tax forms 2012 Add lines 2 through 5 6. State tax forms 2012 24,000   7. State tax forms 2012 Enter your taxable benefits for the earlier year that you previously reported 7. State tax forms 2012 -0-   8. State tax forms 2012 Subtract line 7 from line 6 8. State tax forms 2012 24,000   9. State tax forms 2012 If, for the earlier year, you were:     Married filing jointly, enter $32,000 Single, head of household, qualifying widow(er), married filing separately and you lived apart from your spouse for all of the earlier year, enter $25,000 9. State tax forms 2012 25,000     Note. State tax forms 2012 If you were married filing separately and you lived with your spouse at any time during the earlier year, skip lines 9 through 16; multiply line 8 by 85% (. State tax forms 2012 85) and enter the result on line 17. State tax forms 2012 Then go to line 18. State tax forms 2012         10. State tax forms 2012 Is the amount on line 8 more than the amount on line 9?       No. State tax forms 2012 Skip lines 10 through 20 and enter -0- on line 21. State tax forms 2012       Yes. State tax forms 2012 Subtract line 9 from line 8 10. State tax forms 2012     11. State tax forms 2012 Enter $12,000 if married filing jointly for the earlier year; $9,000 if single, head of household, qualifying widow(er), or married filing separately and you lived apart from your spouse for all of the earlier year 11. State tax forms 2012     12. State tax forms 2012 Subtract line 11 from line 10. State tax forms 2012 If zero or less, enter -0- 12. State tax forms 2012     13. State tax forms 2012 Enter the smaller of line 10 or line 11 13. State tax forms 2012     14. State tax forms 2012 Enter one-half of line 13 14. State tax forms 2012     15. State tax forms 2012 Enter the smaller of line 2 or line 14 15. State tax forms 2012     16. State tax forms 2012 Multiply line 12 by 85% (. State tax forms 2012 85). State tax forms 2012 If line 12 is zero, enter -0- 16. State tax forms 2012     17. State tax forms 2012 Add lines 15 and 16 17. State tax forms 2012     18. State tax forms 2012 Multiply line 1 by 85% (. State tax forms 2012 85) 18. State tax forms 2012     19. State tax forms 2012 Refigured taxable benefits. State tax forms 2012 Enter the smaller of line 17 or line 18 19. State tax forms 2012     20. State tax forms 2012 Enter your taxable benefits for the earlier year (or as refigured due to a previous lump-sum payment for the year) 20. State tax forms 2012     21. State tax forms 2012 Additional taxable benefits. State tax forms 2012 Subtract line 20 from line 19. State tax forms 2012 Also enter this amount on Worksheet 4, line 20 21. State tax forms 2012 -0-     Do not file an amended return for this earlier year. State tax forms 2012 Complete a separate Worksheet 2 or Worksheet 3 for each earlier year for which you received a lump-sum payment in 2013. State tax forms 2012   Jane Jackson's Filled-in Worksheet 4. State tax forms 2012 Figure Your Taxable Benefits Under the Lump-Sum Election Method (Use With Worksheet 2 or 3)     Complete Worksheet 1 and Worksheets 2 and 3 as appropriate before completing this worksheet. State tax forms 2012 1. State tax forms 2012 Enter the total amount from box 5 of ALL your Forms SSA-1099 and RRB-1099 for 2013, minus the lump-sum payment for years before 2013 1. State tax forms 2012 $9,000         Note. State tax forms 2012 If line 1 is zero or less, skip lines 2 through 18, enter -0- on line 19 and go to line 20. State tax forms 2012 Otherwise, go on to line 2. State tax forms 2012           2. State tax forms 2012 Enter one-half of line 1 2. State tax forms 2012 4,500   3. State tax forms 2012 Enter the amount from Worksheet 1, line 3 3. State tax forms 2012 25,500   4. State tax forms 2012 Enter the amount from Worksheet 1, line 4 4. State tax forms 2012 -0-   5. State tax forms 2012 Enter the amount from Worksheet 1, line 5 5. State tax forms 2012 -0-   6. State tax forms 2012 Combine lines 2, 3, 4, and 5 6. State tax forms 2012 30,000   7. State tax forms 2012 Enter the amount from Worksheet 1, line 7 7. State tax forms 2012 -0-   8. State tax forms 2012 Subtract line 7 from line 6 8. State tax forms 2012 30,000   9. State tax forms 2012 Enter the amount from Worksheet 1, line 9. State tax forms 2012 But if you are married filing separately and lived with your spouse at any time during 2013, skip lines 9 through 16; multiply line 8 by 85% (. State tax forms 2012 85) and enter the result on line 17. State tax forms 2012 Then, go to line 18 9. State tax forms 2012 25,000   10. State tax forms 2012 Is the amount on line 8 more than the amount on line 9? No. State tax forms 2012 Skip lines 10 through 18, enter -0- on line 19, and go to line 20. State tax forms 2012  Yes. State tax forms 2012 Subtract line 9 from line 8 10. State tax forms 2012 5,000   11. State tax forms 2012 Enter the amount from Worksheet 1, line 11 11. State tax forms 2012 9,000   12. State tax forms 2012 Subtract line 11 from line 10. State tax forms 2012 If zero or less, enter -0- 12. State tax forms 2012 -0-   13. State tax forms 2012 Enter the smaller of line 10 or line 11 13. State tax forms 2012 5,000   14. State tax forms 2012 Enter one-half of line 13 14. State tax forms 2012 2,500   15. State tax forms 2012 Enter the smaller of line 2 or line 14 15. State tax forms 2012 2,500   16. State tax forms 2012 Multiply line 12 by 85% (. State tax forms 2012 85). State tax forms 2012 If line 12 is zero, enter -0- 16. State tax forms 2012 -0-   17. State tax forms 2012 Add lines 15 and 16 17. State tax forms 2012 2,500   18. State tax forms 2012 Multiply line 1 by 85% (. State tax forms 2012 85) 18. State tax forms 2012 7,650   19. State tax forms 2012 Enter the smaller of line 17 or line 18 19. State tax forms 2012 2,500   20. State tax forms 2012 Enter the total of the amounts from Worksheet 2, line 21, and Worksheet 3, line 14, for all earlier years for which the lump-sum payment was received 20. State tax forms 2012 -0-   21. State tax forms 2012 Taxable benefits under lump-sum election method. State tax forms 2012 Add lines 19 and 20 21. State tax forms 2012 $2,500   Next. State tax forms 2012 Is line 21 above smaller than Worksheet 1, line 19? No. State tax forms 2012 Do not use this method to figure your taxable benefits. State tax forms 2012 Follow the instructions on Worksheet 1 to report your benefits. State tax forms 2012  Yes. State tax forms 2012 You can elect to report your taxable benefits under this method. State tax forms 2012 To elect this method:     Enter “LSE” to the left of Form 1040, line 20a, or Form 1040A, line 14a. State tax forms 2012 If line 21 above is zero, follow the instructions in line 10 for “No” on Worksheet 1. State tax forms 2012 Otherwise: Enter the amount from Worksheet 1, line 1, on Form 1040, line 20a, or on Form 1040A, line 14a. State tax forms 2012 Enter the amount from line 21 above on Form 1040, line 20b, or on Form 1040A, line 14b. State tax forms 2012 If you are married filing separately and you lived apart from your spouse for all of 2013, enter “D” to the right of the word “benefits” on Form 1040, line 20a, or Form 1040A, line 14a. State tax forms 2012   Deductions Related to Your Benefits You may be entitled to deduct certain amounts related to the benefits you receive. State tax forms 2012 Disability payments. State tax forms 2012   You may have received disability payments from your employer or an insurance company that you included as income on your tax return in an earlier year. State tax forms 2012 If you received a lump-sum payment from SSA or RRB, and you had to repay the employer or insurance company for the disability payments, you can take an itemized deduction for the part of the payments you included in gross income in the earlier year. State tax forms 2012 If the amount you repay is more than $3,000, you may be able to claim a tax credit instead. State tax forms 2012 Claim the deduction or credit in the same way explained under Repayment of benefits received in an earlier year in the section Repayments More Than Gross Benefits , later. State tax forms 2012 Legal expenses. State tax forms 2012   You can usually deduct legal expenses that you pay or incur to produce or collect taxable income or in connection with the determination, collection, or refund of any tax. State tax forms 2012   Legal expenses for collecting the taxable part of your benefits are deductible as a miscellaneous itemized deduction on Schedule A (Form 1040), line 23. State tax forms 2012 Repayments More Than Gross Benefits In some situations, your Form SSA-1099 or Form RRB-1099 will show that the total benefits you repaid (box 4) are more than the gross benefits (box 3) you received. State tax forms 2012 If this occurred, your net benefits in box 5 will be a negative figure (a figure in parentheses) and none of your benefits will be taxable. State tax forms 2012 Do not use Worksheet 1 in this case. State tax forms 2012 If you receive more than one form, a negative figure in box 5 of one form is used to offset a positive figure in box 5 of another form for that same year. State tax forms 2012 If you have any questions about this negative figure, contact your local SSA office or your local RRB field office. State tax forms 2012 Joint return. State tax forms 2012   If you and your spouse file a joint return, and your Form SSA-1099 or RRB-1099 has a negative figure in box 5, but your spouse's does not, subtract the amount in box 5 of your form from the amount in box 5 of your spouse's form. State tax forms 2012 You do this to get your net benefits when figuring if your combined benefits are taxable. State tax forms 2012 Example. State tax forms 2012 John and Mary file a joint return for 2013. State tax forms 2012 John received Form SSA-1099 showing $3,000 in box 5. State tax forms 2012 Mary also received Form SSA-1099 and the amount in box 5 was ($500). State tax forms 2012 John and Mary will use $2,500 ($3,000 minus $500) as the amount of their net benefits when figuring if any of their combined benefits are taxable. State tax forms 2012 Repayment of benefits received in an earlier year. State tax forms 2012   If the total amount shown in box 5 of all of your Forms SSA-1099 and RRB-1099 is a negative figure, you can take an itemized deduction for the part of this negative figure that represents benefits you included in gross income in an earlier year. State tax forms 2012 Deduction $3,000 or less. State tax forms 2012   If this deduction is $3,000 or less, it is subject to the 2%-of-adjusted-gross-income limit that applies to certain miscellaneous itemized deductions. State tax forms 2012 Claim it on Schedule A (Form 1040), line 23. State tax forms 2012 Deduction more than $3,000. State tax forms 2012   If this deduction is more than $3,000, you should figure your tax two ways: Figure your tax for 2013 with the itemized deduction included on Schedule A, line 28. State tax forms 2012 Figure your tax for 2013 in the following steps: Figure the tax without the itemized deduction included on Schedule A, line 28. State tax forms 2012 For each year after 1983 for which part of the negative figure represents a repayment of benefits, refigure your taxable benefits as if your total benefits for the year were reduced by that part of the negative figure. State tax forms 2012 Then refigure the tax for that year. State tax forms 2012 Subtract the total of the refigured tax amounts in (b) from the total of your actual tax amounts. State tax forms 2012 Subtract the result in (c) from the result in (a). State tax forms 2012   Compare the tax figured in methods (1) and (2). State tax forms 2012 Your tax for 2013 is the smaller of the two amounts. State tax forms 2012 If method (1) results in less tax, take the itemized deduction on Schedule A (Form 1040), line 28. State tax forms 2012 If method (2) results in less tax, claim a credit for the amount from step 2(c) above on Form 1040, line 71. State tax forms 2012 Check box d and enter “I. State tax forms 2012 R. State tax forms 2012 C. State tax forms 2012 1341” in the space next to that box. State tax forms 2012 If both methods produce the same tax, deduct the repayment on Schedule A (Form 1040), line 28. State tax forms 2012 Worksheets Blank Worksheets 1 through 4 are provided in this section: Worksheet 1, Figuring Your Taxable Benefits; Worksheet 2, Figure Your Additional Taxable Benefits (From a Lump-Sum Payment for a Year After 1993); Worksheet 3, Figure Your Additional Taxable Benefits (From a Lump-Sum Payment for a Year Before 1994); Worksheet 4, Figure Your Taxable Benefits Under the Lump-Sum Election Method (Use With Worksheet 2 or 3). State tax forms 2012 Worksheet 1. State tax forms 2012 Figuring Your Taxable Benefits Before you begin: If you are married filing separately and you lived apart from your spouse for all of 2013, enter “D” to the right of the word “benefits” on Form 1040, line 20a, or Form 1040A, line 14a. State tax forms 2012 Do not use this worksheet if you repaid benefits in 2013 and your total repayments (box 4 of Forms SSA-1099 and RRB-1099) were more than your gross benefits for 2013 (box 3 of Forms SSA-1099 and RRB-1099). State tax forms 2012 None of your benefits are taxable for 2013. State tax forms 2012 For more information, see Repayments More Than Gross Benefits . State tax forms 2012 If you are filing Form 8815, Exclusion of Interest From Series EE and I U. State tax forms 2012 S. State tax forms 2012 Savings Bonds Issued After 1989, do not include the amount from line 8a of Form 1040 or Form 1040A on line 3 of this worksheet. State tax forms 2012 Instead, include the amount from Schedule B (Form 1040A or 1040), line 2. State tax forms 2012 1. State tax forms 2012 Enter the total amount from box 5 of ALL your Forms SSA-1099 and RRB-1099. State tax forms 2012 Also enter this amount on Form 1040, line 20a, or Form 1040A, line 14a 1. State tax forms 2012           2. State tax forms 2012 Enter one-half of line 1 2. State tax forms 2012       3. State tax forms 2012 Combine the amounts from: Form 1040: Lines 7, 8a, 9a, 10 through 14, 15b, 16b, 17 through 19, and 21 Form 1040A: Lines 7, 8a, 9a, 10, 11b, 12b, and 13 3. State tax forms 2012       4. State tax forms 2012 Enter the amount, if any, from Form 1040 or 1040A, line 8b 4. State tax forms 2012       5. State tax forms 2012 Enter the total of any exclusions/adjustments for: Adoption benefits (Form 8839, line 28), Foreign earned income or housing (Form 2555, lines 45 and 50, or Form 2555-EZ, line 18), and Certain income of bona fide residents of American Samoa (Form 4563, line 15) or Puerto Rico 5. State tax forms 2012       6. State tax forms 2012 Combine lines 2, 3, 4, and 5 6. State tax forms 2012       7. State tax forms 2012 Form 1040 filers: Enter the amounts from Form 1040, lines 23 through 32, and any write-in adjustments you entered on the dotted line next to line 36. State tax forms 2012  Form 1040A filers: Enter the amounts from Form 1040A, lines 16 and 17 7. State tax forms 2012       8. State tax forms 2012 Is the amount on line 7 less than the amount on line 6?             No. State tax forms 2012 None of your social security benefits are taxable. State tax forms 2012 Enter -0- on Form 1040, line 20b, or Form 1040A, line 14b. State tax forms 2012             Yes. State tax forms 2012 Subtract line 7 from line 6 8. State tax forms 2012       9. State tax forms 2012 If you are:  Married filing jointly, enter $32,000 Single, head of household, qualifying widow(er), or married filing separately and you lived apart from your spouse for all of 2013, enter $25,000 9. State tax forms 2012         Note. State tax forms 2012 If you are married filing separately and you lived with your spouse at any time in 2013, skip lines 9 through 16; multiply line 8 by 85% (. State tax forms 2012 85) and enter the result on line 17. State tax forms 2012 Then go to line 18. State tax forms 2012         10. State tax forms 2012 Is the amount on line 9 less than the amount on line 8?             No. State tax forms 2012 None of your benefits are taxable. State tax forms 2012 Enter -0- on Form 1040, line 20b, or on Form 1040A, line 14b. State tax forms 2012 If you are married filing separately and you lived apart from your spouse for all of 2013, be sure you entered “D” to the right of the word “benefits” on Form 1040, line 20a, or on Form 1040A, line 14a. State tax forms 2012             Yes. State tax forms 2012 Subtract line 9 from line 8 10. State tax forms 2012       11. State tax forms 2012 Enter $12,000 if married filing jointly; $9,000 if single, head of household, qualifying widow(er), or married filing separately and you lived apart from your spouse for all of 2013 11. State tax forms 2012       12. State tax forms 2012 Subtract line 11 from line 10. State tax forms 2012 If zero or less, enter -0- 12. State tax forms 2012       13. State tax forms 2012 Enter the smaller of line 10 or line 11 13. State tax forms 2012       14. State tax forms 2012 Enter one-half of line 13 14. State tax forms 2012       15. State tax forms 2012 Enter the smaller of line 2 or line 14 15. State tax forms 2012       16. State tax forms 2012 Multiply line 12 by 85% (. State tax forms 2012 85). State tax forms 2012 If line 12 is zero, enter -0- 16. State tax forms 2012       17. State tax forms 2012 Add lines 15 and 16 17. State tax forms 2012       18. State tax forms 2012 Multiply line 1 by 85% (. State tax forms 2012 85) 18. State tax forms 2012       19. State tax forms 2012 Taxable benefits. State tax forms 2012 Enter the smaller of line 17 or line 18. State tax forms 2012 Also enter this amount on Form 1040, line 20b, or Form 1040A, line 14b 19. State tax forms 2012         If you received a lump-sum payment in 2013 that was for an earlier year, also complete Worksheet 2 or 3 and Worksheet 4 to see if you can report a lower taxable benefit. State tax forms 2012         Worksheet 2. State tax forms 2012 Figure Your Additional Taxable Benefits (From a Lump-Sum Payment for a Year After 1993)     Enter earlier year 1. State tax forms 2012 Enter the total amount from box 5 of ALL your Forms SSA-1099 and RRB-1099 for the earlier year, plus the lump-sum payment for the earlier year received after that year 1. State tax forms 2012             Note. State tax forms 2012 If line 1 is zero or less, skip lines 2 through 20 and enter -0- on line 21. State tax forms 2012 Otherwise, go on to line 2. State tax forms 2012             2. State tax forms 2012 Enter one-half of line 1 2. State tax forms 2012     3. State tax forms 2012 Enter your adjusted gross income for the earlier year 3. State tax forms 2012     4. State tax forms 2012 Enter the total of any exclusions/adjustments you claimed in the earlier year for: Adoption benefits (Form 8839) Qualified U. State tax forms 2012 S. State tax forms 2012 savings bond interest (Form 8815) Student loan interest (Form 1040, page 1, or Form 1040A, page 1) Tuition and fees (Form 1040, page 1, or Form 1040A, page 1) Domestic production activities (for 2005 through 2012) (Form 1040, page 1) Foreign earned income or housing (Form 2555 or Form 2555-EZ) Certain income of bona fide residents of American Samoa (Form 4563) or Puerto Rico 4. State tax forms 2012     5. State tax forms 2012 Enter any tax-exempt interest received in the earlier year 5. State tax forms 2012     6. State tax forms 2012 Add lines 2 through 5 6. State tax forms 2012     7. State tax forms 2012 Enter your taxable benefits for the earlier year that you previously reported 7. State tax forms 2012     8. State tax forms 2012 Subtract line 7 from line 6 8. State tax forms 2012     9. State tax forms 2012 If, for the earlier year, you were:     Married filing jointly, enter $32,000 Single, head of household, qualifying widow(er), married filing separately and you lived apart from your spouse for all of the earlier year, enter $25,000 9. State tax forms 2012       Note. State tax forms 2012 If you were married filing separately and you lived with your spouse at any time during the earlier year, skip lines 9 through 16; multiply line 8 by 85% (. State tax forms 2012 85) and enter the result on line 17. State tax forms 2012 Then go to line 18. State tax forms 2012         10. State tax forms 2012 Is the amount on line 8 more than the amount on line 9?       No. State tax forms 2012 Skip lines 10 through 20 and enter -0- on line 21. State tax forms 2012       Yes. State tax forms 2012 Subtract line 9 from line 8 10. State tax forms 2012     11. State tax forms 2012 Enter $12,000 if married filing jointly for the earlier year; $9,000 if single, head of household, qualifying widow(er), or married filing separately and you lived apart from your spouse for all of the earlier year 11. State tax forms 2012     12. State tax forms 2012 Subtract line 11 from line 10. State tax forms 2012 If zero or less, enter -0- 12. State tax forms 2012     13. State tax forms 2012 Enter the smaller of line 10 or line 11 13. State tax forms 2012     14. State tax forms 2012 Enter one-half of line 13 14. State tax forms 2012     15. State tax forms 2012 Enter the smaller of line 2 or line 14 15. State tax forms 2012     16. State tax forms 2012 Multiply line 12 by 85% (. State tax forms 2012 85). State tax forms 2012 If line 12 is zero, enter -0- 16. State tax forms 2012     17. State tax forms 2012 Add lines 15 and 16 17. State tax forms 2012     18. State tax forms 2012 Multiply line 1 by 85% (. State tax forms 2012 85) 18. State tax forms 2012     19. State tax forms 2012 Refigured taxable benefits. State tax forms 2012 Enter the smaller of line 17 or line 18 19. State tax forms 2012     20. State tax forms 2012 Enter your taxable benefits for the earlier year (or as refigured due to a previous lump-sum payment for the year) 20. State tax forms 2012     21. State tax forms 2012 Additional taxable benefits. State tax forms 2012 Subtract line 20 from line 19. State tax forms 2012 Also enter this amount on Worksheet 4, line 20 21. State tax forms 2012       Do not file an amended return for this earlier year. State tax forms 2012 Complete a separate Worksheet 2 or Worksheet 3 for each earlier year for which you received a lump-sum payment in 2013. State tax forms 2012   Worksheet 3. State tax forms 2012 Figure Your Additional Taxable Benefits (From a Lump-Sum Payment for a Year Before 1994) Enter earlier year 1. State tax forms 2012 Enter the total amount from box 5 of ALL your Forms SSA-1099 and RRB-1099 for the earlier year, plus the lump-sum payment for the earlier year received after that year 1. State tax forms 2012           Note. State tax forms 2012 If line 1 is zero or less, skip lines 2 through 13 and enter -0- on line 14. State tax forms 2012 Otherwise, go on to line 2. State tax forms 2012           2. State tax forms 2012 Enter one-half of line 1 2. State tax forms 2012     3. State tax forms 2012 Enter your adjusted gross income for the earlier year 3. State tax forms 2012     4. State tax forms 2012 Enter the total of any exclusions/adjustments you claimed in the earlier year for: Qualified U. State tax forms 2012 S. State tax forms 2012 savings bond interest (Form 8815) Foreign earned income or housing (Form 2555 or Form 2555-EZ) Certain income of bona fide residents of American Samoa (Form 4563) or Puerto Rico 4. State tax forms 2012     5. State tax forms 2012 Enter any tax-exempt interest received in the earlier year 5. State tax forms 2012     6. State tax forms 2012 Add lines 2 through 5 6. State tax forms 2012     7. State tax forms 2012 Enter your taxable benefits for the earlier year that you previously reported 7. State tax forms 2012     8. State tax forms 2012 Subtract line 7 from line 6 8. State tax forms 2012     9. State tax forms 2012 Enter $25,000 ($32,000 if married filing jointly for the earlier year; $-0- if married filing separately for the earlier year and you lived with your spouse at any time during the earlier year) 9. State tax forms 2012     10. State tax forms 2012 Is the amount on line 8 more than the amount on line 9? No. State tax forms 2012 Skip lines 10 through 13 and enter -0- on line 14. State tax forms 2012  Yes. State tax forms 2012 Subtract line 9 from line 8. State tax forms 2012 10. State tax forms 2012     11. State tax forms 2012 Enter one-half of line 10 11. State tax forms 2012     12. State tax forms 2012 Refigured taxable benefits. State tax forms 2012 Enter the smaller of line 2 or line 11 12. State tax forms 2012     13. State tax forms 2012 Enter your taxable benefits for the earlier year (or as refigured due to a previous
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The State Tax Forms 2012

State tax forms 2012 16. State tax forms 2012   Cómo Declarar Ganancias y Pérdidas Table of Contents Qué Hay de Nuevo Introduction Useful Items - You may want to see: Cómo Declarar Ganancias y Pérdidas de CapitalExcepción 1. State tax forms 2012 Excepción 2. State tax forms 2012 Presente el Formulario 1099-B o el Formulario 1099-S al IRS. State tax forms 2012 Pérdidas de Capital Tasas Impositivas sobre Ganancias de Capital Qué Hay de Nuevo Tasas máximas de ganancias de capital. State tax forms 2012  Para el año 2013, las tasas máximas de ganancias de capital son del 0%, 15%, 20%, 25% y 28%. State tax forms 2012 Introduction En este capítulo se explica cómo declarar ganancias y pérdidas de capital provenientes de ventas, intercambios y otras enajenaciones de bienes de inversión en el Formulario 8949 y el Anexo D (Formulario 1040). State tax forms 2012 Esta explicación abarca los siguientes temas: Cómo declarar ganancias y pérdidas a corto plazo. State tax forms 2012 Cómo declarar ganancias y pérdidas a largo plazo. State tax forms 2012 Cómo calcular pérdidas de capital que se van a trasladar al año siguiente. State tax forms 2012 Cómo calcular los impuestos sobre una ganancia neta de capital. State tax forms 2012 Si vende o de otro modo enajena bienes utilizados en una ocupación o negocio o en la producción de ingresos, vea la Publicación 544, Sales and Other Dispositions of Assets (Ventas y otras enajenaciones de activos), en inglés, antes de completar el Anexo D (Formulario 1040). State tax forms 2012 Useful Items - You may want to see: Publicación 537 Installment Sales (Ventas a plazos), en inglés 544 Sales and Other Dispositions of Assets (Ventas y otras enajenaciones de activos), en inglés 550 Investment Income and Expenses (Ingresos y gastos de inversión), en inglés Formulario (e Instrucciones) 4797 Sales of Business Property (Ventas de bienes comerciales), en inglés 6252 Installment Sale Income (Ingresos de ventas a plazos), en inglés 8582 Passive Activity Loss Limitations (Limitaciones de pérdidas en actividades pasivas), en inglés 8949 Sales and Other Dispositions of Capital Assets (Ventas y otras enajenaciones de activos de capital, en inglés) Anexo D (Formulario 1040) Capital Gains and Losses (Ganancias y pérdidas de capital), en inglés Cómo Declarar Ganancias y Pérdidas de Capital Declare sus ganancias y pérdidas de capital en el Formulario 8949. State tax forms 2012 Complete el Formulario 8949 antes de completar las líneas 1b, 2, 3, 8b, 9 ó 10 del Anexo D (Formulario 1040). State tax forms 2012 Use el Formulario 8949 para declarar: La venta o intercambio de un activo de capital, la cual no se declaró en ningún otro formulario o anexo, Ganancias por canjes involuntarios (aparte de cuando se deba a un hecho fortuito o un robo) de activos de capital que no sirven para propósitos de negocio o lucro y Deudas incobrables que no provienen del negocio. State tax forms 2012 Use el Anexo D (Formulario 1040): Para calcular la ganancia o pérdida total de las transacciones declaradas en el Formulario 8949; Para declarar una ganancia proveniente del Formulario 6252 o de la Parte I del Formulario 4797; Para declarar una ganancia o pérdida proveniente del Formulario 4684, 6781 u 8824; Para declarar distribuciones de ganancias de capital no declaradas directamente en el Formulario 1040 o en el Formulario 1040A; Para declarar una pérdida de capital trasladada del año tributario anterior al año tributario actual; Para declarar su parte de una ganancia (o pérdida) de una sociedad colectiva, sociedad anónima de tipo S, caudal hereditario o fideicomiso; Para declarar las transacciones informadas a usted en el Formulario 1099-B (o documento sustitutivo), el cual muestra las bases informadas al IRS y al cual no corresponde ninguno de los ajustes o códigos del Formulario 8949; y Para declarar ganancias de capital a largo plazo no distribuidas provenientes del Formulario 2439. State tax forms 2012 Anote en el Formulario 8949 todas las ventas e intercambios de activos de capital (incluyendo acciones, bonos, etc. State tax forms 2012 ) y de bienes raíces (si no se declararon en el Formulario 4684, 4797, 6252, 6781 u 8824 o la línea 1a u 8a del Anexo D). State tax forms 2012 Declare estas transacciones aun si usted no recibió un Formulario 1099-B o 1099-S (u otra declaración sustitutiva) para la transacción. State tax forms 2012 Declare las ganancias o pérdidas a corto plazo en la Parte I. State tax forms 2012 Declare ganancias y pérdidas a largo plazo en la Parte II. State tax forms 2012 Use cuantos Formularios 8949 sean necesarios. State tax forms 2012 Excepciones a la presentación del Formulario 8949 y el Anexo D (Formulario 1040). State tax forms 2012   Hay ciertas circunstancias bajo las cuales usted tal vez no tenga que presentar el Formulario 8949 ni el Anexo D (Formulario 1040). State tax forms 2012 Excepción 1. State tax forms 2012   Usted no tiene que presentar el Formulario 8949 ni el Anexo D (Formulario 1040) si no tiene pérdidas de capital y sus únicas ganancias de capital son distribuciones de ganancia de capital correspondientes al (los) recuadro(s) 2a del (de los) Formulario(s) 1099-DIV (o declaraciones sustitutivas). State tax forms 2012 (Si alguno de los Formularios 1099-DIV (o declaraciones sustitutivas) que usted recibe indica una cifra en el recuadro 2b (ganancias no recuperadas conforme a la sección 1250), el recuadro 2c (ganancias conforme a la sección 1202) o el recuadro 2d (ganancias (tasas de 28%) por la venta de objetos coleccionables, usted no reúne los requisitos para esta excepción). State tax forms 2012 Si reúne los requisitos para esta excepción, declare sus distribuciones de ganancia de capital directamente en la línea 13 del Formulario 1040 y marque el recuadro en la línea 13. State tax forms 2012 También debe utillizar la Qualified Dividends and Capital Gain Tax Worksheet (Hoja de trabajo para impuestos sobre dividendos y ganancias de capital), que encontrará en las Instrucciones del Formulario 1040, para calcular su impuesto. State tax forms 2012 Usted pede declarar sus distribuciones de ganancias de capital en la línea 10 del Formulario 1040A, en vez del Formulario 1040, si ninguno de los Formularios 1099-DIV (o declaraciones sustitutivas) que usted recibió indica una cifra en los recuadros 2b, 2c o 2d y usted no tiene que presentar el Formulario 1040. State tax forms 2012 Excepción 2. State tax forms 2012   Usted tiene que presentar el Anexo D (Formulario 1040), pero por lo general no tiene que presentar el Formulario 8949 si la Excepción 1 no le corresponde y sus únicas ganancias y pérdidas de capital son: Distribuciones de ganancias de capital; Una pérdida de capital trasladada de un año anterior; Una ganancia correspondiente al Formulario 2439 ó 6252, o de la Parte I del Formulario 4797; Una ganancia o pérdida correspondiente al Formulario 4684, 6781 u 8824; Una ganancia o pérdida de una sociedad colectiva, sociedad anónima de tipo S, un caudal hereditario o fideicomiso; Ganancias y pérdidas de transacciones por las cuales usted recibió el Formulario 1099-B (o un documento sustitutivo), el cual muestra las bases informadas al IRS y por lo cual no necesita hacer ningún ajuste en la columna (g) del Formulario 8949 ni anotar ningún código en la columna (f) del Formulario 8949. State tax forms 2012 Ventas a plazos. State tax forms 2012   No puede utilizar el método de pago a plazos para declarar una ganancia proveniente de la venta de acciones o valores bursátiles cotizados en un mercado de valores bursátiles establecido. State tax forms 2012 Tiene que declarar la totalidad de la ganancia en el año de la venta (el año en el que ocurra la fecha de canje). State tax forms 2012 Ganancias y pérdidas provenientes de una actividad pasiva. State tax forms 2012    Si tiene pérdidas o ganancias provenientes de una actividad pasiva, es posible que tenga que declararlas también en el Formulario 8582. State tax forms 2012 En ciertos casos, la pérdida puede ser limitada conforme a las reglas de actividad pasiva. State tax forms 2012 Consulte el Formulario 8582 y sus instrucciones correspondientes por separado para obtener información adicional sobre la declaración de ganancias y pérdidas de capital producto de una actividad pasiva. State tax forms 2012 Transacciones que se declaran en el Formulario 1099-B. State tax forms 2012   Si vendió bienes, como acciones, bonos o ciertos productos de consumo bursátiles, a través de un agente corredor bursátil, éste debe entregarle un Formulario 1099-B o documento sustitutivo. State tax forms 2012 Utilice el Formulario 1099-B o el documento sustitutivo para completar el Formulario 8949. State tax forms 2012 Si usted vendió un valor bursátil garantizado en 2013, su agente corredor bursátil le mandará un Formulario 1099-B (o declaración sustitutiva) que le indica la base. State tax forms 2012 Esto le ayudará a completar el Formulario 8949. State tax forms 2012 Por lo general, los valores bursátiles garantizados son aquéllos que usted adquirió después del año 2010. State tax forms 2012   Declare las ganancias brutas que aparezcan en el recuadro 2a del Formulario 1099-B como el precio de venta en la columna (d) de la Parte I o la Parte II del Formulario 8949, según le corresponda a su caso. State tax forms 2012 No obstante, si el agente corredor bursátil indica, en el recuadro 2a del Formulario 1099-B, haber declarado al IRS las ganancias brutas (precio de venta) menos comisiones y primas de opciones, anote el precio neto de venta resultante en la columna (d) de la Parte I o de la Parte II del Formulario 8949, según le corresponda a su caso. State tax forms 2012   Incluya en la columna (g) todo gasto de venta, tal como honorarios de agente corredor bursátil, comisiones, impuestos de traspaso locales y estatales y primas de opciones, a menos que usted haya declarado el precio neto de venta en la columna (d). State tax forms 2012 Si incluye un gasto de venta en la columna (g), anote “E” en la columna (f). State tax forms 2012 Transacciones que se declaran en el Formulario 1099-CAP. State tax forms 2012   Si es dueño de acciones de una sociedad anónima en cuyo control o estructura de capital haya habido cambios importantes, dicha sociedad debe enviarle el Formulario 1099-CAP o documento sustitutivo. State tax forms 2012 Utilice el Formulario 1099-CAP o documento sustitutivo para completar el Formulario 8949. State tax forms 2012 Si sus cálculos indican que, debido al cambio, usted tendría una pérdida, no anote ninguna cantidad en el Formulario 8949 ni en el Anexo D (Formulario 1040). State tax forms 2012 Esta transacción no le da la posibilidad de declarar una pérdida en el Anexo D (Formulario 1040). State tax forms 2012   Declare el total de la cantidad recibida indicado en el recuadro 2 del Formulario 1099-CAP como el precio de venta en la columna (d) de la Parte I o de la Parte II del Formulario 8949, según le corresponda a su caso. State tax forms 2012 Transacciones que se declaran en el Formulario 1099-S. State tax forms 2012   Si vendió o canjeó bienes raíces que han de declararse, normalmente la persona encargada de comunicar transacciones de bienes raíces debe entregarle un Formulario 1099-S en el que se indiquen las ganancias brutas. State tax forms 2012    “Bienes raíces que han de declararse” son toda participación en una propiedad actual o futura en cualesquiera de los siguientes casos: Terrenos con o sin mejoras, incluido el espacio aéreo; Estructuras intrínsecamente permanentes, incluido todo edificio residencial, comercial o industrial; Una unidad de condominio y sus instalaciones accesorias y elementos comunes, incluido el terreno; y Acciones de cooperativa de viviendas en sociedad anónima (como se define en la sección 216 del Código de Impuestos Internos). State tax forms 2012   Una “persona encargada de comunicar transacciones de bienes raíces” puede ser el abogado del comprador, el abogado de usted, una compañía de escrituras de propiedad o de cuentas en depósito, un prestamista hipotecario, el agente corredor bursátil de usted, el agente corredor bursátil del comprador o la persona que adquiera la mayor participación en la propiedad. State tax forms 2012   El Formulario 1099-S indicará las ganancias brutas de la venta o el intercambio en el recuadro 2. State tax forms 2012 Consulte las Instrucciones para el Formulario 8949 y las Instrucciones para el Anexo D (Formulario 1040) para saber cómo se declaran estas transacciones e incluirlas en la Parte I o Parte II del Formulario 8949, tal como le corresponda a su caso. State tax forms 2012 No obstante, declare los intercambios por bienes del mismo tipo en el Formulario 8824. State tax forms 2012   Es ilegal que una persona encargada de comunicar transacciones de bienes raíces le cobre un cargo por separado por cumplir con el requisito de presentación del Formulario 1099-S. State tax forms 2012 Nominatarios. State tax forms 2012   Si recibe ganancias brutas como nominatario (es decir, las ganancias brutas están a nombre suyo pero en realidad pertenecen a otra persona), vea las Instrucciones para el Formulario 8949, para saber cómo declarar estas cantidades en el Formulario 8949. State tax forms 2012 Presente el Formulario 1099-B o el Formulario 1099-S al IRS. State tax forms 2012   Si recibió ganancias brutas en calidad de nominatario en 2013, tiene que presentar al IRS el Formulario 1099-B o el Formulario 1099-S correspondiente a dichas ganancias. State tax forms 2012 Envíe el Formulario 1099-B o el Formulario 1099-S junto con el Formulario 1096, Annual Summary and Transmittal of U. State tax forms 2012 S. State tax forms 2012 Information Returns (Resumen e informe anual de declaraciones informativas de los Estados Unidos), en inglés, al Centro de Servicio del Servicio de Impuestos Internos que le corresponda a más tardar el 28 de febrero de 2014 (31 de marzo de 2014, si presenta el Formulario 1099-B o el Formulario 1099-S por vía electrónica). State tax forms 2012 Entregue la Copia B del Formulario 1099-B o del Formulario 1099-S al verdadero dueño de dichas ganancias a más tardar el 18 de febrero de 2014. State tax forms 2012 En el Formulario 1099-B, usted debe constar como “Payer” (Pagador). State tax forms 2012 El otro dueño debe constar como “Recipient” (Destinatario). State tax forms 2012 En el Formulario 1099-S, usted debe constar como “Filer” (Declarante). State tax forms 2012 El otro dueño debe constar como “Transferor” (Cesionista). State tax forms 2012 No obstante, usted no tiene que presentar el Formulario 1099-B ni el Formulario 1099-S para mostrar las ganancias de su cónyuge. State tax forms 2012 Para más información acerca de los requisitos de presentación de ciertas declaraciones informativas y las multas por no presentar (o facilitar) dichas declaraciones, vea las General Instructions for Certain Information Returns (Instrucciones generales para determinadas declaraciones informativas), en inglés. State tax forms 2012 Si presenta la declaración electrónicamente, vea la Publicación 1220, en inglés. State tax forms 2012 Venta de bienes comprados en diferentes ocasiones. State tax forms 2012   Si vende un paquete de acciones u otros bienes que haya comprado en diferentes ocasiones, declare la pérdida o ganancia a corto plazo procedente de la venta en una fila de la Parte I del Formulario 8949 y anote la pérdida o ganancia a largo plazo en una fila de la Parte II del Formulario 8949. State tax forms 2012 Escriba “Various” (Varios) en la columna (b) para la “Date acquired” (Fecha de adquisición). State tax forms 2012 Gastos de venta. State tax forms 2012    En la columna (g) del Formulario 8949, incluya todo gasto de venta, como honorarios de agentes corredores bursátiles, comisiones, impuestos estatales y locales sobre traspasos y primas de opciones, a menos que usted haya declarado el precio neto de ventas en la columna (d). State tax forms 2012 Si usted incluyó un gasto de venta en la columna (g), anote “E” en la columna (f). State tax forms 2012   Para más información sobre los ajustes a la base, vea el capítulo 13. State tax forms 2012 Ganancias y pérdidas a corto plazo. State tax forms 2012   Las ganancias o pérdidas de capital sobre la venta o canje de bienes de inversión que haya tenido por 1 año o menos se consideran pérdidas o ganancias de capital a corto plazo. State tax forms 2012 Declárelas en la Parte I del Formulario 8949. State tax forms 2012   Sume su parte de pérdidas o ganancias de capital a corto plazo provenientes de sociedades colectivas, sociedades anónimas de tipo S, caudales hereditarios y fideicomisos, además de toda pérdida de capital a corto plazo que se haya trasladado de un año anterior, con las demás ganancias y pérdidas de capital a corto plazo para calcular la pérdida o ganancia de capital neta a corto plazo en la línea 7 del Anexo D (Formulario 1040). State tax forms 2012 Ganancias y pérdidas a largo plazo. State tax forms 2012    Una ganancia o pérdida de capital sobre la venta o canje de bienes de inversión que haya tenido durante más de 1 año se considera ganancia o pérdida de capital a largo plazo. State tax forms 2012 Declárela en la Parte II del Formulario 8949. State tax forms 2012   Usted debe declarar lo siguiente en la Parte II del Anexo D (Formulario 1040): Ganancias de capital a largo plazo de un fondo mutuo (u otra sociedad inversionista reglamentada) o de una sociedad de inversión inmobiliaria (REIT, por sus siglas en inglés) que no hayan sido distribuidas; Su participación de las ganancias y pérdidas de capital a largo plazo de sociedades colectivas, sociedades anónimas de tipo S, caudales hereditarios y fideicomisos; Toda distribución de ganancia de capital proveniente de fondos mutuos y sociedades de inversión inmobiliaria (REIT) que no se haya declarado directamente en la línea 10 del Formulario 1040A o la línea 13 del Formulario 1040; y Pérdidas de capital a largo plazo trasladadas de un año anterior. State tax forms 2012    El resultado que se dé después de sumar dichas cantidades con las demás ganancias de capital a largo plazo y restar las pérdidas de capital a largo plazo es la ganancia o pérdida de capital neta a largo plazo (línea 15 del Anexo D (Formulario 1040)). State tax forms 2012 Total de la ganancia o pérdida neta. State tax forms 2012   Para calcular el total de la ganancia o pérdida neta, sume la ganancia o pérdida de capital neta a corto plazo (línea 7 del Anexo D (Formulario 1040)) con la pérdida o ganancia de capital neta a largo plazo (línea 15 del Anexo D (Formulario 1040)). State tax forms 2012 Anote el resultado en la línea 16 de la Parte III del Anexo D (Formulario 1040). State tax forms 2012 Si tiene pérdidas que sobrepasen las ganancias, vea Pérdidas de Capital , que se encuentra a continuación. State tax forms 2012 Si las líneas 15 y 16 del Anexo D (Formulario 1040) son ganancias y el ingreso sujeto a impuestos en su Formulario 1040 es mayor de cero, vea Tasas Impositivas sobre Ganancias de Capital , más adelante. State tax forms 2012 Pérdidas de Capital Si las pérdidas de capital son mayores que las ganancias de capital, se puede declarar una deducción por pérdida de capital. State tax forms 2012 Declare la cantidad de la deducción en la línea 13 del Formulario 1040, anotándola entre paréntesis. State tax forms 2012 Límite sobre la deducción. State tax forms 2012   La deducción por ganancia de capital permisible, calculada en el Anexo D (Formulario 1040), es la cantidad que sea menor de las siguientes: $3,000 ($1,500 si es casado y presenta una declaración por separado) o El total de la pérdida neta tal como aparece en la línea 16 del Anexo D (Formulario 1040). State tax forms 2012   Puede usar el total de la pérdida neta para reducir sus ingresos en una cantidad equivalente, hasta el límite de $3,000. State tax forms 2012 Traslado de pérdida de capital. State tax forms 2012   Si el total de la pérdida neta en la línea 16 del Anexo D (Formulario 1040) sobrepasa el límite anual de las deducciones de pérdida de capital, puede trasladar al año siguiente la parte sobrante y tratarla como si hubiera incurrido en la misma durante ese próximo año. State tax forms 2012 Si una parte de la pérdida sigue sin usarse, puede trasladarla a años posteriores hasta que se agote. State tax forms 2012   Cuando calcule una cantidad de pérdida de capital que se trasladará al año siguiente, tiene que tener en cuenta la deducción permisible del año en curso, la haya reclamado o no, e independientemente de si presentó o no una declaración correspondiente al año en curso. State tax forms 2012   Cuando traslade una pérdida a un año posterior, ésta sigue siendo una pérdida a largo plazo o corto plazo. State tax forms 2012 Una pérdida de capital a largo plazo que usted traslade al año tributario siguiente reducirá las ganancias de capital a largo plazo de dicho año antes de reducir las ganancias de capital a corto plazo de dicho año. State tax forms 2012 Cálculo de la cantidad trasladada al año siguiente. State tax forms 2012   La cantidad de la pérdida de capital a trasladarse al año siguiente es la cantidad de pérdida neta total que sea mayor que la cantidad menor entre: La deducción por pérdida de capital permisible durante el año o Sus ingresos sujetos a impuestos aumentados por la deducción por pérdida de capital permisible durante el año y la deducción por exenciones personales. State tax forms 2012   Si las deducciones son mayores que sus ingresos brutos del año tributario, utilice los ingresos negativos sujetos a impuestos al calcular la cantidad en el punto (2). State tax forms 2012    Complete la Capital Loss Carryover Worksheet (Hoja de trabajo para calcular la pérdida de capital a trasladarse a años posteriores) en las Instrucciones del Anexo D o la Publicación 550, en inglés, para calcular la parte de la pérdida de capital que se pueda trasladar. State tax forms 2012 Ejemplo. State tax forms 2012 Roberto y Gloria vendieron valores bursátiles en 2013. State tax forms 2012 Las ventas dieron por resultado una pérdida de capital de $7,000. State tax forms 2012 No hicieron otras transacciones de capital. State tax forms 2012 Sus ingresos sujetos a impuestos fueron $26,000. State tax forms 2012 En la declaración conjunta de 2013, pueden deducir $3,000. State tax forms 2012 La parte de la pérdida que no usaron, $4,000 ($7,000 − $3,000), se puede trasladar a 2014. State tax forms 2012 Si la pérdida de capital hubiera sido $2,000, la deducción por pérdida de capital también habría sido $2,000. State tax forms 2012 No tendrían cantidad alguna a trasladar al año siguiente. State tax forms 2012 Utilice primero las pérdidas a corto plazo. State tax forms 2012   Cuando calcule la cantidad a trasladarse al año siguiente, utilice primero las pérdidas de capital a corto plazo, aunque haya incurrido en las mismas después de una pérdida de capital a largo plazo. State tax forms 2012 Si no ha alcanzado el límite de la deducción por pérdidas de capital después de haber utilizado las pérdidas de capital a corto plazo, utilice las pérdidas de capital a largo plazo hasta alcanzar el límite. State tax forms 2012 Pérdida de capital de un difunto. State tax forms 2012    Una pérdida de capital sufrida por una persona en su último año tributario antes de fallecer (o que se haya traspasado de un año anterior a dicho año) se puede deducir sólo en la última declaración del impuesto sobre el ingreso personal que se presente a nombre del difunto. State tax forms 2012 Los límites de pérdida de capital explicados anteriormente aún corresponden en este caso. State tax forms 2012 El caudal hereditario (patrimonio) del difunto no puede deducir ninguna parte de la pérdida ni trasladarla a años posteriores. State tax forms 2012 Declaraciones conjuntas y separadas. State tax forms 2012   Si antes usted y su cónyuge presentaban declaraciones por separado y ahora presentan una declaración conjunta, sume las cantidades de pérdida de capital que cada uno de ustedes haya trasladado a un año siguiente. State tax forms 2012 No obstante, si antes usted y su cónyuge presentaban una declaración conjunta y ahora presentan declaraciones por separado, toda pérdida de capital que se haya trasladado a un año siguiente se puede deducir sólo en la declaración del cónyuge que de hecho sufrió la pérdida. State tax forms 2012 Tasas Impositivas sobre Ganancias de Capital Las tasas impositivas correspondientes a una ganancia neta de capital suelen ser más bajas que las que corresponden a otros ingresos. State tax forms 2012 Estas tasas reducidas se conocen como las “tasas máximas de ganancias de capital”. State tax forms 2012 El término “ganancia neta de capital” designa la cantidad por la que la ganancia neta de capital a largo plazo del año supera la pérdida de capital neta a corto plazo. State tax forms 2012 Para el año 2013, las tasas máximas correspondientes a ganancias de capital son 0%, 15%, 20%, 25% y 28%. State tax forms 2012 Vea la Tabla 16-1, para obtener información detallada. State tax forms 2012 Si para calcular el impuesto utiliza las tasas máximas correspondientes a ganancias de capital y el cálculo normal de impuestos le resulta en unos impuestos más bajos, el cálculo normal de impuestos es el que le corresponde. State tax forms 2012 Ejemplo. State tax forms 2012 Su ganancia neta de capital proviene en su totalidad de la venta de artículos coleccionables, por lo tanto, la tasa correspondiente a la ganancia de capital es 28%. State tax forms 2012 Si de otro modo está sujeto a una tasa menor del 28%, la tasa del 28% no corresponde. State tax forms 2012 Deducción de los intereses de inversiones. State tax forms 2012   Si declara una deducción de intereses de inversiones, tal vez tenga que reducir la cantidad de su ganancia neta de capital que reúna los requisitos para las tasas impositivas sobre ganancias de capital. State tax forms 2012 Réstele la cantidad de la ganancia neta de capital que opte por incluir en los ingresos de inversiones al calcular el límite de la deducción de los mismos. State tax forms 2012 Para hacer esto, se utiliza la Schedule D Tax Worksheet (Hoja de trabajo para los impuestos del Anexo D) en las Instrucciones para el Anexo D (Formulario 1040), en inglés, o la Qualified Dividends and Capital Gain Tax Worksheet (Hoja de trabajo para los impuestos sobre dividendos calificados y ganancias de capital), que se encuentra en las instrucciones por separado correspondientes a los Formularios 1040 y 1040A, en inglés. State tax forms 2012 Para más información acerca del límite de los intereses procedentes de inversiones, vea Interest Expenses (Gastos de intereses) en el capítulo 3 de la Publicación 550, en inglés. State tax forms 2012 Tabla 16-1. State tax forms 2012 ¿Cuál es la Tasa Máxima de Ganancias de Capital que le Corresponde? SI la ganancia neta de capital se deriva de . State tax forms 2012 . State tax forms 2012 . State tax forms 2012 ENTONCES la  tasa máxima de  ganancia de capital es . State tax forms 2012 . State tax forms 2012 . State tax forms 2012 una ganancia producto de artículos coleccionables 28% una ganancia, la cual reúne los requisitos, sobre acciones de pequeños negocios calificados menos la exclusión conforme a la sección 1202 28% una ganancia conforme a la sección 1250 no recuperada 25% otra ganancia1 y la tasa impositiva normal correspondiente es 39. State tax forms 2012 6% 20% otra ganancia1 y la tasa impositiva normal correspondiente es 25%, 28%, 33% o 35% 15% otra ganancia1 y la tasa impositiva normal correspondiente es 10% o 15% 0% 1 El término “otra ganancia” significa toda ganancia que no sea una ganancia procedente de artículos coleccionables, ganancia sobre acciones de pequeños negocios calificados o una ganancia conforme a la sección 1250 no recuperada. State tax forms 2012     Ganancia o pérdida procedente de artículos coleccionables. State tax forms 2012   Ésta es una ganancia o pérdida que se deriva de la venta o canje de una obra de arte, alfombra, antigüedad, metal (como oro, plata y platino en barras), piedra preciosa, estampilla o sello, moneda o bebida alcohólica que haya tenido más de 1 año. State tax forms 2012   Se considera que una ganancia procedente de artículos coleccionables abarca las ganancias resultantes de la venta de una participación en una sociedad colectiva, sociedad anónima de tipo S o fideicomiso, generadas por una plusvalía no realizada de dichos artículos coleccionables. State tax forms 2012 Ganancia sobre acciones de pequeños negocios calificados. State tax forms 2012    Si obtuvo una ganancia de acciones de pequeños negocios calificados y fue dueño de dichas acciones durante más de 5 años, normalmente puede excluir de los ingresos una parte o la totalidad de su ganancia bajo la sección 1202. State tax forms 2012 La ganancia que cumple los requisitos, menos la exclusión conforme a la sección 1202, es una ganancia con una tasa de 28%. State tax forms 2012 Vea Gains on Qualified Small Business Stock (Ganancias de acciones de pequeños negocios calificados) en el capítulo 4 de la Publicación 550, en inglés. State tax forms 2012 Ganancia conforme a la sección 1250 no recuperada. State tax forms 2012    Por lo general, ésta es toda parte de la ganancia de capital que se haya originado por la venta de bienes conforme a la sección 1250 (bienes raíces) debido a depreciación (pero no más que la ganancia neta conforme a la sección 1231) menos toda pérdida neta en el grupo del 28%. State tax forms 2012 Use la Unrecaptured Section 1250 Gain Worksheet (Hoja de trabajo de ganancias no recuperadas conforme a la sección 1250) de las Instrucciones del Anexo D (Formulario 1040), en inglés, para calcular la ganancia no recuperada conforme a la sección 1250. State tax forms 2012 Para más información sobre bienes conforme a la sección 1250 y ganancias conforme a la sección 1231, vea el capítulo 3 de la Publicación 544, en inglés. State tax forms 2012 Cálculo de los impuestos a base de las tasas máximas de ganancias de capital. State tax forms 2012   Utilice la Qualified Dividends and Capital Gain Tax Worksheet (Hoja de trabajo para los impuestos sobre dividendos calificados y ganancias de capital) o la Schedule D Tax Worksheet (Hoja de trabajo para los impuestos del Anexo D), la que corresponda, para calcular su impuesto si ha recibido dividendos calificados o ganancia neta de capital. State tax forms 2012 Tiene ganancia neta de capital si las cantidades de las líneas 15 y 16 del Anexo D ambas son ganancias. State tax forms 2012 Hoja de trabajo para los impuestos del Anexo D. State tax forms 2012   Utilice la Schedule D Tax Worksheet (Hoja de trabajo para los impuestos del Anexo D) que se encuentra en las Instrucciones del Anexo D (Formulario 1040) para calcular el impuesto si se dan las siguientes condiciones: Tiene que presentar el Anexo D (Formulario 1040) y La cantidad de la línea 18 (ganancia a una tasa de 28%) o la línea 19 (ganancia no recuperada conforme a la sección 1250) del Anexo D (Formulario 1040) es mayor de cero. State tax forms 2012 Hoja de trabajo para el impuesto sobre dividendos calificados y ganancias de capital. State tax forms 2012   Utilice la Qualified Dividends and Capital Gain Tax Worksheet (Hoja de trabajo para el impuesto sobre los dividendos calificados y ganancias de capital) de las instrucciones del Formulario 1040 o Formulario 1040A (el que presente) para calcular el impuesto si no tiene que utilizar la Hoja de trabajo para los impuestos del Anexo D (como se explica anteriormente) y corresponde cualquiera de los siguientes puntos: Recibió dividendos calificados. State tax forms 2012 (Vea Dividendos Calificados en el capítulo 8). State tax forms 2012 No tiene que presentar el Anexo D (Formulario 1040) y recibió distribuciones de ganancias de capital. State tax forms 2012 (Vea Excepciones a la presentación del Formulario 8949 y el Anexo D (Formulario 1040) , anteriormente). State tax forms 2012 Las cantidades de las líneas 15 y 16 del Anexo D (Formulario 1040) son mayores de cero. State tax forms 2012 Impuesto mínimo alternativo. State tax forms 2012   Estas tasas de ganancias de capital se utilizan también para calcular el impuesto mínimo alternativo. State tax forms 2012 Prev  Up  Next   Home   More Online Publications