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Taxact Com 2011

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Taxact Com 2011

Taxact com 2011 Publication 597 - Main Content Table of Contents Application of Treaty Personal Services Pensions, Annuities, Social Security, and AlimonyRoth IRAs. Taxact com 2011 Tax-deferred plans. Taxact com 2011 Investment Income From Canadian Sources Other Income Charitable ContributionsQualified charities. Taxact com 2011 Income Tax Credits Competent Authority Assistance How To Get Tax HelpText of Treaty U. Taxact com 2011 S. Taxact com 2011 Taxation Canadian Taxation Application of Treaty The benefits of the income tax treaty are generally provided on the basis of residence for income tax purposes. Taxact com 2011 That is, a person who is recognized as a resident of the United States who has income from Canada, will often pay less income tax to Canada on that income than if no treaty was in effect. Taxact com 2011 Article IV provides definitions of residents of Canada and the United States, and provides specific criteria for applying the treaty in cases where a taxpayer is considered by both countries to be a resident. Taxact com 2011 Saving clause. Taxact com 2011   In most instances, a treaty does not affect the right of a country to tax its own residents (including those who are U. Taxact com 2011 S. Taxact com 2011 citizens) or of the United States to tax its residents or citizens (including U. Taxact com 2011 S. Taxact com 2011 citizens who are residents of the foreign country). Taxact com 2011 This provision is known as the “saving clause. Taxact com 2011 ”   For example, an individual who is a U. Taxact com 2011 S. Taxact com 2011 citizen and a resident of Canada may have dividend income from a U. Taxact com 2011 S. Taxact com 2011 corporation. Taxact com 2011 The treaty provides a maximum rate of 15% on dividends received by a resident of Canada from sources in the United States. Taxact com 2011 Even though a resident of Canada, the individual is a U. Taxact com 2011 S. Taxact com 2011 citizen and the saving clause overrides the treaty article that limits the U. Taxact com 2011 S. Taxact com 2011 tax to 15%. Taxact com 2011    Exceptions to the saving clause can be found in Article XXIX, paragraph 3. Taxact com 2011 Treaty-based position. Taxact com 2011   If you take the position that any U. Taxact com 2011 S. Taxact com 2011 tax is overruled or otherwise reduced by a U. Taxact com 2011 S. Taxact com 2011 treaty (a treaty-based position), you generally must disclose that position on Form 8833, Treaty-Based Return Position Disclosure Under Section 6114 or 7701(b), and attach it to your return. Taxact com 2011 Personal Services A U. Taxact com 2011 S. Taxact com 2011 citizen or resident who is temporarily present in Canada during the tax year is exempt from Canadian income taxes on pay for services performed, or remittances received from the United States, if the citizen or resident qualifies under one of the treaty exemption provisions set out below. Taxact com 2011 Income from employment (Article XV). Taxact com 2011   Income U. Taxact com 2011 S. Taxact com 2011 residents receive for the performance of dependent personal services in Canada (except as public entertainers) is exempt from Canadian tax if it is not more than $10,000 in Canadian currency for the year. Taxact com 2011 If it is more than $10,000 for the year, it is exempt only if: The residents are present in Canada for no more than 183 days in any 12-month period beginning or ending in the year concerned, and The income is not paid by, or on behalf of, a Canadian resident and is not borne by a permanent establishment in Canada. Taxact com 2011    Whether there is a permanent establishment in Canada is determined by the rules set forth in Article V. Taxact com 2011 Example. Taxact com 2011 You are a U. Taxact com 2011 S. Taxact com 2011 resident employed under an 8-month contract with a Canadian firm to install equipment in their Montreal plant. Taxact com 2011 During the calendar year you were physically present in Canada for 179 days and were paid $16,500 (Canadian) for your services. Taxact com 2011 Although you were in Canada for not more than 183 days during the year, your income is not exempt from Canadian income tax because it was paid by a Canadian resident and was more than $10,000 (Canadian) for the year. Taxact com 2011 Pay received by a U. Taxact com 2011 S. Taxact com 2011 resident for work regularly done in more than one country as an employee on a ship, aircraft, motor vehicle, or train operated by a U. Taxact com 2011 S. Taxact com 2011 resident is exempt from Canadian tax. Taxact com 2011 Income from self-employment (Article VII). Taxact com 2011   Income from services performed (other than those performed as an employee) are taxed in Canada if they are attributable to a permanent establishment in Canada. Taxact com 2011 This income is treated as business profits, and deductions similar to those allowed under U. Taxact com 2011 S. Taxact com 2011 law are allowable. Taxact com 2011   If you carry on (or have carried on) business in both Canada and the United States, the business profits are attributable to each country based on the profits that the permanent establishment might be expected to make if it were a distinct and separate person engaged in the same or similar activities. Taxact com 2011 The business profits attributable to the permanent establishment include only those profits derived from assets used, risks assumed, and activities performed by the permanent establishment. Taxact com 2011   You may be considered to have a permanent establishment if you meet certain conditions. Taxact com 2011 For more information, see Article V (Permanent Establishment) and Article VII (Business Profits). Taxact com 2011 Public entertainers (Article XVI). Taxact com 2011   The provisions under income from employment or income from self-employment do not apply to public entertainers (such as theater, motion picture, radio, or television artistes, musicians, or athletes) from the United States who receive more than $15,000 in gross receipts in Canadian currency, including reimbursed expenses, from their entertainment activities in Canada during the calendar year. Taxact com 2011 However, this provision for public entertainers does not apply (and the other provisions will apply) to athletes participating in team sports in leagues with regularly scheduled games in both the United States and Canada. Taxact com 2011 Compensation paid by the U. Taxact com 2011 S. Taxact com 2011 Government (Article XIX). Taxact com 2011   Wages, salaries, and similar income (other than pensions) paid to a U. Taxact com 2011 S. Taxact com 2011 citizen by the United States or any of its agencies, instrumentalities, or political subdivisions for discharging governmental functions are exempt from Canadian income tax. Taxact com 2011   The exemption does not apply to pay for services performed in connection with any trade or business carried on for profit by the United States, or any of its agencies, instrumentalities, or political subdivisions. Taxact com 2011 Students and apprentices (Article XX). Taxact com 2011   A full-time student, apprentice, or business trainee who is in Canada to study or acquire business experience is exempt from Canadian income tax on remittances received from any source outside Canada for maintenance, education, or training. Taxact com 2011 The recipient must be or must have been a U. Taxact com 2011 S. Taxact com 2011 resident immediately before visiting Canada. Taxact com 2011   An apprentice or business trainee can claim this exemption only for a period of one year from the date the individual first arrived in Canada for the purpose of training. Taxact com 2011 Pensions, Annuities, Social Security, and Alimony Under Article XVIII, pensions and annuities from Canadian sources paid to U. Taxact com 2011 S. Taxact com 2011 residents are subject to tax by Canada, but the tax is limited to 15% of the gross amount (if a periodic pension payment) or of the taxable amount (if an annuity). Taxact com 2011 Canadian pensions and annuities paid to U. Taxact com 2011 S. Taxact com 2011 residents may be taxed by the United States, but the amount of any pension included in income for U. Taxact com 2011 S. Taxact com 2011 tax purposes may not be more than the amount that would be included in income in Canada if the recipient were a Canadian resident. Taxact com 2011 Pensions. Taxact com 2011   A pension includes any payment under a pension or other retirement arrangement, Armed Forces retirement pay, war veterans pensions and allowances, and payments under a sickness, accident, or disability plan. Taxact com 2011 It includes pensions paid by private employers and the government for services rendered. Taxact com 2011   Pensions also include payments from individual retirement arrangements (IRAs) in the United States, registered retirement savings plans (RRSPs) and registered retirement income funds (RRIFs) in Canada. Taxact com 2011   Pensions do not include social security benefits. Taxact com 2011 Roth IRAs. Taxact com 2011   A distribution from a Roth IRA is exempt from Canadian tax to the extent it would be exempt from U. Taxact com 2011 S. Taxact com 2011 tax if paid to a U. Taxact com 2011 S. Taxact com 2011 resident. Taxact com 2011 In addition, you may elect to defer any tax in Canada on income accrued within the Roth IRA but not distributed by the Roth IRA. Taxact com 2011 However, you cannot defer tax on any accruals due to contributions made after you become a Canadian resident. Taxact com 2011 Tax-deferred plans. Taxact com 2011   Generally, income that accrues in a Canadian RRSP or RRIF is subject to U. Taxact com 2011 S. Taxact com 2011 tax, even if it is not distributed. Taxact com 2011 However, a U. Taxact com 2011 S. Taxact com 2011 citizen or resident can elect to defer U. Taxact com 2011 S. Taxact com 2011 tax on income from the plan until the income is distributed. Taxact com 2011 Form 8891 is used to make the election. Taxact com 2011 Annuities. Taxact com 2011    An annuity is a stated sum payable periodically at stated times, during life, or during a specified number of years, under an obligation to make the payments in return for adequate and full consideration (other than services rendered). Taxact com 2011 Annuities do not include: Non-periodic payments, or An annuity the cost of which was deductible for tax purposes. Taxact com 2011 Special rules. Taxact com 2011    Special rules apply to pensions and annuities with respect to: Short-term assignments, Cross-border commuters, and Individuals who participate in a Canadian qualifying plan. Taxact com 2011 Generally, distributions in such cases are deemed to be earned in the country in which the plan is established, without regard to where the services were rendered. Taxact com 2011 Social security benefits. Taxact com 2011   U. Taxact com 2011 S. Taxact com 2011 social security benefits paid to a resident of Canada are taxed in Canada as if they were benefits under the Canada Pension Plan, except that 15% of the amount of the benefit is exempt from Canadian tax. Taxact com 2011 Alimony. Taxact com 2011   Alimony and similar amounts (including child support payments) from Canadian sources paid to U. Taxact com 2011 S. Taxact com 2011 residents are exempt from Canadian tax. Taxact com 2011 For purposes of U. Taxact com 2011 S. Taxact com 2011 tax, these amounts are excluded from income to the same extent they would be excluded from income in Canada if the recipient was a Canadian resident. Taxact com 2011 Investment Income From Canadian Sources The treaty provides beneficial treatment for certain items of Canadian source income that result from an investment of capital. Taxact com 2011 Dividends (Article X). Taxact com 2011   For Canadian source dividends received by U. Taxact com 2011 S. Taxact com 2011 residents, the Canadian income tax generally may not be more than 15%. Taxact com 2011   A 5% rate applies to intercorporate dividends paid from a subsidiary to a parent corporation owning at least 10% of the subsidiary's voting stock. Taxact com 2011 However, a 10% rate applies if the payer of the dividend is a nonresident-owned Canadian investment corporation. Taxact com 2011   These rates do not apply if the owner of the dividends carries on, or has carried on, a business in Canada through a permanent establishment and the holding on which the income is paid is effectively connected with that permanent establishment. Taxact com 2011 Interest (Article XI). Taxact com 2011   Generally, Canadian source interest received by U. Taxact com 2011 S. Taxact com 2011 residents is exempt from Canadian income tax. Taxact com 2011   The exemption does not apply if the owner of the interest carries on, or has carried on, a business in Canada through a permanent establishment and the debt on which the income is paid is effectively connected with that permanent establishment. Taxact com 2011 Gains from the sale of property (Article XIII). Taxact com 2011   Generally, gains from the sale of personal property by a U. Taxact com 2011 S. Taxact com 2011 resident having no permanent establishment in Canada are exempt from Canadian income tax. Taxact com 2011 However, the exemption from Canadian tax does not apply to gains realized by U. Taxact com 2011 S. Taxact com 2011 residents on Canadian real property, and on personal property belonging to a permanent establishment in Canada. Taxact com 2011   If the property subject to Canadian tax is a capital asset and was owned by the U. Taxact com 2011 S. Taxact com 2011 resident on September 26, 1980, not as part of the business property of a permanent establishment in Canada, generally the taxable gain is limited to the appreciation after 1984. Taxact com 2011 Royalties (Article XII). Taxact com 2011   The following are exempt from Canadian tax: Copyright royalties and other like payments for the production or reproduction of any literary, dramatic, musical, or artistic work (other than payments for motion pictures and works on film, videotape, or other means of reproduction for use in connection with television, which may be taxed at 10%), Payments for the use of, or the right to use, computer software, Payments for the use of, or the right to use, any patent or any information concerning industrial, commercial, or scientific experience (but not within a rental or franchise agreement), and Payments for broadcasting as agreed to in an exchange of notes between the countries. Taxact com 2011   This rate or exemption does not apply if the owner of the royalties carries on, or has carried on, a business in Canada through a permanent establishment and the right or property on which the income is paid is effectively connected with that permanent establishment. Taxact com 2011   This exemption (or lower rate) does not apply to royalties to explore for or to exploit mineral deposits, timber, and other natural resources. Taxact com 2011 Other Income Generally, Canadian source income that is not specifically mentioned in the treaty, may be taxed by Canada. Taxact com 2011 Gambling losses. Taxact com 2011   Canadian residents may deduct gambling losses in the U. Taxact com 2011 S. Taxact com 2011 against gambling winnings in the U. Taxact com 2011 S. Taxact com 2011 in the same manner as a U. Taxact com 2011 S. Taxact com 2011 resident. Taxact com 2011 Charitable Contributions United States income tax return. Taxact com 2011   Under Article XXI, you may deduct contributions to certain qualified Canadian charitable organizations on your United States income tax return. Taxact com 2011 Besides being subject to the overall limits applicable to all your charitable contributions under U. Taxact com 2011 S. Taxact com 2011 tax law, your charitable contributions to Canadian organizations (other than contributions to a college or university at which you or a member of your family is or was enrolled) are subject to the U. Taxact com 2011 S. Taxact com 2011 percentage limits on charitable contributions, applied to your Canadian source income. Taxact com 2011 If your return does not include gross income from Canadian sources, charitable contributions to Canadian organizations are generally not deductible. Taxact com 2011 Example. Taxact com 2011 You are a U. Taxact com 2011 S. Taxact com 2011 citizen living in Canada. Taxact com 2011 You have both U. Taxact com 2011 S. Taxact com 2011 and Canadian source income. Taxact com 2011 During your tax year, you contribute to Canadian organizations that would qualify as charitable organizations under U. Taxact com 2011 S. Taxact com 2011 tax law if they were U. Taxact com 2011 S. Taxact com 2011 organizations. Taxact com 2011 To figure the maximum amount of the contribution to Canadian organizations that you can deduct on your U. Taxact com 2011 S. Taxact com 2011 income tax return, multiply your adjusted gross income from Canadian sources by the percentage limit that applies to contributions under U. Taxact com 2011 S. Taxact com 2011 income tax law. Taxact com 2011 Then include this amount on your return along with all your domestic charitable contributions, subject to the appropriate percentage limit required for contributions under U. Taxact com 2011 S. Taxact com 2011 income tax law. Taxact com 2011 The appropriate percentage limit for U. Taxact com 2011 S. Taxact com 2011 tax purposes is applied to your total adjusted gross income from all sources. Taxact com 2011 Qualified charities. Taxact com 2011   These Canadian organizations must meet the qualifications that a U. Taxact com 2011 S. Taxact com 2011 charitable organization must meet under U. Taxact com 2011 S. Taxact com 2011 tax law. Taxact com 2011 Usually an organization will notify you if it qualifies. Taxact com 2011 For further information on charitable contributions and the U. Taxact com 2011 S. Taxact com 2011 percentage limits, see Publication 526, Charitable Contributions. Taxact com 2011 Canadian income tax return. Taxact com 2011   Under certain conditions, contributions to qualified U. Taxact com 2011 S. Taxact com 2011 charitable organizations may also be claimed on your Canadian income tax return if you are a Canadian resident. Taxact com 2011 Income Tax Credits The treaty contains a credit provision (Article XXIV) for the elimination of double taxation. Taxact com 2011 In general, the United States and Canada both allow a credit against their income tax for the income tax paid to the other country on income from sources in that other country. Taxact com 2011 For detailed discussions of the U. Taxact com 2011 S. Taxact com 2011 income tax treatment of tax paid to foreign countries, see Publication 514, Foreign Tax Credit for Individuals. Taxact com 2011 See paragraphs (4) and (5) of Article XXIV for certain provisions that affect the computation of the credit allowed by the United States for Canadian income taxes paid by U. Taxact com 2011 S. Taxact com 2011 citizens residing in Canada. Taxact com 2011 Competent Authority Assistance Under Article XXVI, a U. Taxact com 2011 S. Taxact com 2011 citizen or resident may request assistance from the U. Taxact com 2011 S. Taxact com 2011 competent authority when the actions of Canada, the United States, or both, potentially result in double taxation or taxation contrary to the treaty. Taxact com 2011 The U. Taxact com 2011 S. Taxact com 2011 competent authority may then consult with the Canadian competent authority to determine if the double taxation or denial of treaty benefits in question can be avoided. Taxact com 2011 If the competent authorities are not able to reach agreement in a case, binding arbitration proceedings may apply. Taxact com 2011 It is important that your request for competent authority assistance be made as soon as you have been notified by either Canada or the United States of proposed adjustments that would result in denial of treaty benefits or in double taxation. Taxact com 2011 This is so that implementation of any agreement reached by the competent authorities is not barred by administrative, legal, or procedural barriers. Taxact com 2011 For information that you should include with your request for competent authority assistance, see Revenue Procedure 2006-54, 2006-49 IRB 1035, available at www. Taxact com 2011 irs. Taxact com 2011 gov/irb/2006-49_IRB/ar13. Taxact com 2011 html. Taxact com 2011 The request should be addressed to:  Deputy Commissioner (International) Large Business and International Division Attn: Office of Tax Treaty  Internal Revenue Service 1111 Constitution Ave. Taxact com 2011 , NW Routing: MA3-322A Washington, D. Taxact com 2011 C. Taxact com 2011 20024 In addition to a timely request for assistance, you should take the following measures: File a timely protective claim for credit or refund of U. Taxact com 2011 S. Taxact com 2011 taxes on Form 1040X, Form 1120X, or amended Form 1041, whichever is appropriate. Taxact com 2011 This will, among other things, give you the benefit of a foreign tax credit in case you do not qualify for the treaty benefit in question. Taxact com 2011 For figuring this credit, attach either Form 1116, Foreign Tax Credit (Individual, Estate, or Trust), or Form 1118, Foreign Tax Credit — Corporations, as appropriate. Taxact com 2011 Attach your protective claim to your request for competent authority assistance. Taxact com 2011 Take appropriate action under Canadian procedures to avoid the lapse or termination of your right of appeal under Canadian income tax law. Taxact com 2011 How To Get Tax Help You can get help with unresolved tax issues, order free publications and forms, ask tax questions, and get information from the IRS and the Canada Revenue Agency in several ways. Taxact com 2011 Text of Treaty You can get the text of the U. Taxact com 2011 S. Taxact com 2011 —Canada income tax treaty from: Superintendent of Documents U. Taxact com 2011 S. Taxact com 2011 Government Printing Office P. Taxact com 2011 O. Taxact com 2011 Box 371954 Pittsburgh, PA 15250-7954 The treaty can also be found on the Internet at IRS. Taxact com 2011 gov. Taxact com 2011 U. Taxact com 2011 S. Taxact com 2011 Taxation During the filing season, the IRS conducts a taxpayer assistance program in Canada. Taxact com 2011 To find out if IRS personnel will be in your area, you should contact the consular office at the nearest U. Taxact com 2011 S. Taxact com 2011 Embassy or consulate. Taxact com 2011 Mail. Taxact com 2011 For answers to technical or account questions, you can write to:   Internal Revenue Service International Section Philadelphia, PA 19255-0525 Phone. Taxact com 2011 You can call the IRS for help at (267) 941-1000 (not a toll-free call). Taxact com 2011 Canadian Taxation You can get information on Canadian taxation from the Canada Revenue Agency. Taxact com 2011 The International Tax Services Office can be contacted on 1-800-267-5177 (from anywhere in Canada and the U. Taxact com 2011 S. Taxact com 2011 ) or on the Internet at www. Taxact com 2011 cra-arc. Taxact com 2011 gc. Taxact com 2011 ca. Taxact com 2011 Prev  Up  Next   Home   More Online Publications
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The Taxact Com 2011

Taxact com 2011 Index A Abusive tax shelters (see Tax shelters) Accounting fees, Attorney or accounting fees. Taxact com 2011 Accrual method, Accrual method taxpayers. Taxact com 2011 , Accrual method. Taxact com 2011 , Holders must use accrual method. Taxact com 2011 , When To Deduct Investment Interest Accuracy-related penalty, Accuracy-related penalty. Taxact com 2011 Acquisition discount, Government obligations. Taxact com 2011 , Acquisition discount on short-term obligations. Taxact com 2011 Adjusted basis, Basis adjustment. Taxact com 2011 , Fair market value equal to or more than donor's adjusted basis. Taxact com 2011 , Adjusted Basis, Short sales. Taxact com 2011 Alaska Permanent Fund dividends, Alaska Permanent Fund dividends. Taxact com 2011 , Child's Alaska Permanent Fund dividends. Taxact com 2011 Amortization of bond premium, Bond Premium Amortization, Bonds acquired after October 22, 1986, but before 1988. Taxact com 2011 Annuities Borrowing on, Borrowing on insurance. Taxact com 2011 Interest on, Interest on annuity contract. Taxact com 2011 Life insurance proceeds used to buy, Annuity. Taxact com 2011 Sale of, Sale of Annuity Single-premium, Single-premium life insurance, endowment, and annuity contracts. Taxact com 2011 Trade for, Trade of investment property for an annuity. Taxact com 2011 , Insurance Policies and Annuities Applicable federal rate, Applicable federal rate. Taxact com 2011 Appreciated financial positions, Constructive Sales of Appreciated Financial Positions Arbitrage bonds, Arbitrage bonds. Taxact com 2011 Assistance (see Tax help) At-risk rules, At-risk rules. Taxact com 2011 , At-risk rules. Taxact com 2011 Attorneys' fees, Attorney or accounting fees. Taxact com 2011 Automatic investment service, Automatic investment service and dividend reinvestment plans. Taxact com 2011 , Automatic investment service. Taxact com 2011 , Automatic investment service. Taxact com 2011 Average basis, Average Basis Double-category method, Transition rule from double-category method. Taxact com 2011 Illustrated, Average basis method illustrated. Taxact com 2011 B Backup withholding, Backup withholding. Taxact com 2011 Bad debts, Nonbusiness bad debt. Taxact com 2011 , Nonbusiness Bad Debts Bankrupt financial institutions Deposit in, Deposit in Insolvent or Bankrupt Financial Institution Bargain purchases, Bargain purchases. Taxact com 2011 Basis, Basis of Investment Property, U. Taxact com 2011 S. Taxact com 2011 Treasury Notes or Bonds Adjusted, Basis adjustment. Taxact com 2011 , Fair market value equal to or more than donor's adjusted basis. Taxact com 2011 , Adjusted Basis, Short sales. Taxact com 2011 Average, Average Basis Cost, Cost Basis, Cost Basis Inherited property, Property Received as Inheritance Investment property, Basis of Investment Property Like-kind exchanges, Basis of property received. Taxact com 2011 Other than cost, Basis Other Than Cost REITs, Shares in a mutual fund or REIT. Taxact com 2011 REMIC, residual interest, Basis in the residual interest. Taxact com 2011 Replacement stock, Basis of replacement stock. Taxact com 2011 Shares acquired by reinvestment, Reinvestment right. Taxact com 2011 Stocks and bonds, Basis adjustment. Taxact com 2011 , Basis. Taxact com 2011 , Basis. Taxact com 2011 , Stocks and Bonds Bearer obligations, Bearer CDs. Taxact com 2011 , Bearer Obligations Below-market loans, Below-Market Loans Bonds Accrued interest on, Accrued interest on bonds. Taxact com 2011 Amortization of premium, Bond Premium Amortization Arbitrage, Arbitrage bonds. Taxact com 2011 Basis, Basis. Taxact com 2011 , Stocks and Bonds Capital asset, Stocks, stock rights, and bonds. Taxact com 2011 Convertible, Convertible stocks and bonds. Taxact com 2011 Coupon, Coupon bonds. Taxact com 2011 Enterprise zone facility, Enterprise zone facility bonds. Taxact com 2011 Federally guaranteed, Federally guaranteed bonds. Taxact com 2011 Identification, Identifying stock or bonds sold. Taxact com 2011 Market discount, Market discount. Taxact com 2011 , Limit on interest deduction for market discount bonds. Taxact com 2011 , Market discount on bonds. Taxact com 2011 , Market discount bonds. Taxact com 2011 , Market discount bonds. Taxact com 2011 New York Liberty bonds, New York Liberty bonds. Taxact com 2011 Par value, Bonds purchased at par value. Taxact com 2011 Premiums on, Bond premium. Taxact com 2011 , Premiums on bonds. Taxact com 2011 Private activity, Private activity bonds. Taxact com 2011 Redemption or retirement of, Redemption or retirement of bonds. Taxact com 2011 Sold between interest dates, Bonds Sold Between Interest Dates State and local government, Tax-exempt state and local government bonds. Taxact com 2011 Stripped, Stripped bonds or coupons. Taxact com 2011 , Stripped Bonds and Coupons, Stripped tax-exempt obligation. Taxact com 2011 Tax credit bonds, Tax credit bonds. Taxact com 2011 Tax-exempt, Tax-exempt state and local government bonds. Taxact com 2011 Traded flat, Bonds traded flat. Taxact com 2011 U. Taxact com 2011 S. Taxact com 2011 savings (see U. Taxact com 2011 S. Taxact com 2011 savings bonds) U. Taxact com 2011 S. Taxact com 2011 Treasury (see U. Taxact com 2011 S. Taxact com 2011 Treasury bills, notes, and bonds) Brokerage fees, Fees to buy or sell. Taxact com 2011 , Sale expenses. Taxact com 2011 C Calls and puts, Puts and Calls Table 4-3, Table 4-3. Taxact com 2011 Puts and Calls Capital assets, Capital Assets and Noncapital Assets Capital gain distributions, Capital Gain Distributions, Basis adjustment. Taxact com 2011 , Capital gain distributions. Taxact com 2011 , Child's capital gain distributions. Taxact com 2011 , Capital gain distributions received. Taxact com 2011 Capital gains and losses, Capital Gains and Losses, Loss on stock that paid qualified dividends. Taxact com 2011 Constructive ownership transactions, Gains From Certain Constructive Ownership Transactions Definition, Capital or Ordinary Gain or Loss Empowerment zone assets, Exclusion of Gain From DC Zone Assets Investment property, Investment property. Taxact com 2011 Long-term, Short-Term or Long-Term Capital Gain or Loss, Long-term gains and losses. Taxact com 2011 Long-term debt instruments, Long-term debt instruments issued after 1954 and before May 28, 1969 (or before July 2, 1982, if a government instrument). Taxact com 2011 Losses, limit on, Limit on deduction. Taxact com 2011 Passive activities, Passive activity gains and losses. Taxact com 2011 Qualified covered call options, Capital loss on qualified covered call options. Taxact com 2011 Qualified small business stock, Gains on Qualified Small Business Stock Reporting requirements, How To Report Gains and Losses (Form 6781), How to report gain. Taxact com 2011 Rollover of gain from sale of securities, Rollover of Gain From Publicly Traded Securities Short-term, Short-Term or Long-Term Capital Gain or Loss, Short-term gains and losses. Taxact com 2011 Tax rates, Capital Gain Tax Rates, Table 4-4. Taxact com 2011 What Is Your Maximum Capital Gain Rate? Table 4-4, Table 4-4. Taxact com 2011 What Is Your Maximum Capital Gain Rate? Capital loss carryover, Capital loss carryover. Taxact com 2011 , Capital Losses Worksheet 4-1, Worksheet 4-1. Taxact com 2011 Capital Loss Carryover Worksheet Cash method, Cash method taxpayers. Taxact com 2011 , Cash method. Taxact com 2011 , When To Deduct Investment Interest Reporting options for savings bond interest, Reporting options for cash method taxpayers. Taxact com 2011 Cash-settled options, Cash-settled options. Taxact com 2011 Casualty losses, Ordinary loss or casualty loss. Taxact com 2011 CDOs (Collateralized debt obligations), Collateralized Debt Obligations (CDOs) Certificates of deposit (CDs), Certificates of Deposit (CDs) Children Alaska Permanent Fund dividends, Child's Alaska Permanent Fund dividends. Taxact com 2011 Capital gain distributions, Child's capital gain distributions. Taxact com 2011 Custodian account for, Custodian account for your child. Taxact com 2011 Gifts to, Income from property given to a child. Taxact com 2011 Investment income of, Tax on unearned income of certain children. Taxact com 2011 , Investment income of child reported on parent's return. Taxact com 2011 Qualified dividends, Child's qualified dividends. Taxact com 2011 Savings account with parent as trustee, Savings account with parent as trustee. Taxact com 2011 U. Taxact com 2011 S. Taxact com 2011 savings bond owner, Child as only owner. Taxact com 2011 Clerical help, Clerical help and office rent. Taxact com 2011 Co-owners of U. Taxact com 2011 S. Taxact com 2011 savings bonds, Co-owners. Taxact com 2011 Collateralized debt obligations (CDOs), Collateralized Debt Obligations (CDOs) Collectibles, Collectibles gain or loss. Taxact com 2011 Commissions, Commissions and load charges. Taxact com 2011 Commodity futures, Commodity Futures, Commodity futures. Taxact com 2011 Community property U. Taxact com 2011 S. Taxact com 2011 savings bonds, Community property. Taxact com 2011 Constructive ownership transactions, Constructive ownership of stock. Taxact com 2011 , Gains From Certain Constructive Ownership Transactions Constructive receipt, Constructive receipt. Taxact com 2011 Constructive sales, Constructive Sales of Appreciated Financial Positions Contractors, insolvency of, Insolvency of contractor. Taxact com 2011 Conversion transactions, Conversion Transactions Convertible stocks and bonds, Convertible stocks and bonds. Taxact com 2011 Cooperatives, sales of stock to, Sales of Stock to ESOPs or Certain Cooperatives Corporate distributions, Dividends and Other Distributions Capital gain, Capital gain distributions. Taxact com 2011 , Child's capital gain distributions. Taxact com 2011 , Capital gain distributions received. Taxact com 2011 Constructive, Constructive distributions. Taxact com 2011 Dividends (see Dividends) Fractional shares, Fractional shares. Taxact com 2011 Liquidating, Liquidating Distributions, Liquidating distributions. Taxact com 2011 Nondividend, Nondividend Distributions, Nondividend distributions. Taxact com 2011 Return of capital, Basis adjustment. Taxact com 2011 Stock rights, Distributions of Stock and Stock Rights Undistributed capital gains, Undistributed capital gains of mutual funds and REITs. Taxact com 2011 Corporate reorganizations, Corporate reorganizations. Taxact com 2011 Cost basis, Cost Basis, Cost Basis Coupon bonds, Coupon bonds. Taxact com 2011 D Day traders, Special Rules for Traders in Securities Dealer equity options, Dealer equity option. Taxact com 2011 Dealer securities futures contracts, Dealer securities futures contract. Taxact com 2011 Debt instruments, retirement of, Retirement of debt instrument. Taxact com 2011 Decedents, Appreciated property you gave the decedent. Taxact com 2011 , Decedent's capital loss. Taxact com 2011 U. Taxact com 2011 S. Taxact com 2011 savings bond interest, reporting of, Decedents. Taxact com 2011 Demutualization, Demutualization of Life Insurance Companies Deposits, loss on, Deposit in Insolvent or Bankrupt Financial Institution Discount on debt instruments, Discount on Debt Instruments Certificates of deposit, Certificates of Deposit (CDs) Election to report all interest as OID, Election To Report All Interest as OID Face-amount certificates, Face-Amount Certificates Gain or loss treatment, Discounted Debt Instruments Inflation-indexed, Inflation-Indexed Debt Instruments Market discount bonds (see Market discount bonds) Original issue discount (see Original issue discount (OID)) Short-term obligations, Discount on Short-Term Obligations, Short-term government obligations. Taxact com 2011 Stripped bonds and coupons, Stripped Bonds and Coupons Discounted debt instruments, Discount on Debt Instruments Discounted tax-exempt obligations, Discounted tax-exempt obligations. Taxact com 2011 Dividends, Dividends and Other Distributions, Form 1099-DIV. Taxact com 2011 (see also Form 1099-DIV) Alaska Permanent Fund, Alaska Permanent Fund dividends. Taxact com 2011 , Child's Alaska Permanent Fund dividends. Taxact com 2011 Exempt-interest, Exempt-interest dividends. Taxact com 2011 , Exempt-interest dividends. Taxact com 2011 , Exempt-interest dividends on mutual fund stock. Taxact com 2011 Extraordinary, Extraordinary dividends. Taxact com 2011 Holding period, Holding period. Taxact com 2011 Insurance policies, Dividends on insurance policies. Taxact com 2011 Money market funds, Money Market Funds Nominees, Nominees. Taxact com 2011 , Nominees. Taxact com 2011 Ordinary, Ordinary Dividends Patronage, Patronage dividends. Taxact com 2011 Payments in lieu of, Payments in lieu of dividends. Taxact com 2011 Qualified, Qualified Dividends, Qualified dividends. Taxact com 2011 , Child's qualified dividends. Taxact com 2011 Qualified foreign corporation, Qualified foreign corporation. Taxact com 2011 Received in January, Dividends received in January. Taxact com 2011 Reinvestment of, Reinvested distributions. Taxact com 2011 Reinvestment plans, Dividends Used To Buy More Stock, Automatic investment service and dividend reinvestment plans. Taxact com 2011 , Dividend reinvestment plans. Taxact com 2011 Reporting requirements, Form 1099-DIV. Taxact com 2011 , How To Report Dividend Income, Stripped Preferred Stock Restricted stock, Dividends received on restricted stock. Taxact com 2011 Sale or trade vs. Taxact com 2011 , Dividend versus sale or trade. Taxact com 2011 Scrip, Scrip dividends. Taxact com 2011 Sold stock, Dividends on stock sold. Taxact com 2011 Stock, Stock dividends. Taxact com 2011 , Stock dividends. Taxact com 2011 Underreported, Underreported interest and dividends. Taxact com 2011 Veterans' insurance, Interest on VA dividends. Taxact com 2011 , Dividends on veterans' insurance. Taxact com 2011 Divorce, Property Received From Your Spouse, Transfers Between Spouses E Education Savings Bond Program, Education Savings Bond Program Interest excluded under, Interest excluded under the Education Savings Bond Program. Taxact com 2011 Recordkeeping requirements, Education Savings Bond Program Employee stock options, Reminders Employee stock ownership plans (ESOPs), sales of stock to, Sales of Stock to ESOPs or Certain Cooperatives Employer identification numbers (EINs), Identifying number. Taxact com 2011 Empowerment zone, Exclusion of Gain From DC Zone Assets Endowment contracts, Single-premium life insurance, endowment, and annuity contracts. Taxact com 2011 Enterprise zone facility bonds, Enterprise zone facility bonds. Taxact com 2011 Equity option, Equity option. Taxact com 2011 Estate income received by beneficiary, Beneficiary of an estate or trust. Taxact com 2011 Exchanges of mutual fund shares, Exchange of Shares In One Mutual Fund For Shares In Another Mutual Fund Exclusion of gain DC zone assets, Exclusion of Gain From DC Zone Assets Exempt-interest dividends on mutual fund stock, Exempt-interest dividends on mutual fund stock. Taxact com 2011 Expenses of producing income, Expenses of Producing Income F Face-amount certificates, Face-Amount Certificates Fair market value, Fair market value. Taxact com 2011 , Fair market value less than donor's adjusted basis. Taxact com 2011 , Fair market value. Taxact com 2011 Federal guarantee on bonds, Federally guaranteed bonds. Taxact com 2011 Fees to buy or sell, Fees to buy or sell. Taxact com 2011 Financial asset securitization investment trusts (FASITs), FASITs First-in first-out (FIFO), First-in first-out (FIFO). Taxact com 2011 Foreign currency transactions, Foreign currency contract. Taxact com 2011 Foreign income, Reminders Form 1040, Form 1040. Taxact com 2011 , Form 1040A or Form 1040. Taxact com 2011 Form 1040, Schedule B, Schedule B (Form 1040A or 1040). Taxact com 2011 Form 1040, Schedule D, How to report gain. Taxact com 2011 Form 1040A, Form 1040A. Taxact com 2011 Form 1040X, Filing a claim for refund. Taxact com 2011 Form 1041, Filing requirement. Taxact com 2011 Form 1065, Filing requirement. Taxact com 2011 Schedule K-1, Schedule K-1 (Form 1065). Taxact com 2011 Form 1066, Schedule Q, Schedule Q (Form 1066). Taxact com 2011 , Investment expenses from pass-through entities. Taxact com 2011 Form 1096, File Form 1099-INT with the IRS. Taxact com 2011 , File Form 1099-DIV with the IRS. Taxact com 2011 , File Form 1099-B or Form 1099-S with the IRS. Taxact com 2011 Form 1099-B, Form 1099-B. Taxact com 2011 , Form 1099-B transactions. Taxact com 2011 , File Form 1099-B or Form 1099-S with the IRS. Taxact com 2011 Form 1099-CAP, Form 1099-CAP transactions. Taxact com 2011 Form 1099-DIV, General Information, Form 1099-DIV. Taxact com 2011 , Form 1099-DIV. Taxact com 2011 , File Form 1099-DIV with the IRS. Taxact com 2011 Form 1099-INT, General Information, Form 1099-INT. Taxact com 2011 , Form 1099-INT for U. Taxact com 2011 S. Taxact com 2011 savings bond interest. Taxact com 2011 , Form 1099-INT. Taxact com 2011 , File Form 1099-INT with the IRS. Taxact com 2011 , Forms 1099-INT and 1099-OID. Taxact com 2011 , Forms 1099-INT and 1099-OID. Taxact com 2011 Form 1099-MISC, Form 1099-MISC. Taxact com 2011 , Reporting Substitute Payments Form 1099-OID, Form 1099-OID. Taxact com 2011 , Form 1099-OID, Form 1099-OID. Taxact com 2011 , Forms 1099-INT and 1099-OID. Taxact com 2011 , Forms 1099-INT and 1099-OID. Taxact com 2011 Form 1099-S, Form 1099-S transactions. Taxact com 2011 , File Form 1099-B or Form 1099-S with the IRS. Taxact com 2011 Form 1120, Filing requirement. Taxact com 2011 Form 2439, Undistributed capital gains of mutual funds and REITs. Taxact com 2011 Form 3115, Change from method 2. Taxact com 2011 , Choosing To Amortize, How To Make the Mark-to-Market Election Form 4684, Ordinary loss or casualty loss. Taxact com 2011 Form 4797, How to report. Taxact com 2011 , Losses on Section 1244 (Small Business) Stock, How to report. Taxact com 2011 Form 4952, Form 4952 Form 6198, At-risk rules. Taxact com 2011 Form 6781, Form 6781. Taxact com 2011 , How to report. Taxact com 2011 , How To Report Gains and Losses (Form 6781), Section 1256 contracts and straddles. Taxact com 2011 Form 8275, Negligence or disregard of rules or regulations. Taxact com 2011 Form 8275-R, Negligence or disregard of rules or regulations. Taxact com 2011 Form 8582, Form 8582. Taxact com 2011 Form 8615, Tax on unearned income of certain children. Taxact com 2011 Form 8815, Form 8815. Taxact com 2011 , Figuring the interest part of the proceeds (Form 8815, line 6). Taxact com 2011 , Interest excluded under the Education Savings Bond Program. Taxact com 2011 Form 8824, How to report. Taxact com 2011 Form 8832, Clubs formed before 1997. Taxact com 2011 Form 8886, Reportable Transaction Disclosure Statement, Negligence or disregard of rules or regulations. Taxact com 2011 Form 8949 Bad debts, How to report bad debts. Taxact com 2011 Basis adjustment, Basis adjustment. Taxact com 2011 Capital Gains, Reporting Capital Gains and Losses Capital Losses, Reporting Capital Gains and Losses Cooperative, sale to certain, Sales of Stock to ESOPs or Certain Cooperatives Copyrights in musical works, Capital asset treatment for self-created musical works. Taxact com 2011 Employee stock ownership plan, sale to, Sales of Stock to ESOPs or Certain Cooperatives Empowerment Zone Assets, Exclusion of Gain From DC Zone Assets Exempt-interest dividends, Exempt-interest dividends on mutual fund stock. Taxact com 2011 Form 1099-B, Form 1099-B. Taxact com 2011 , Form 1099-B transactions. Taxact com 2011 Form 1099-CAP, Form 1099-CAP transactions. Taxact com 2011 Form 1099-S, Form 1099-S transactions. Taxact com 2011 Fractional shares, Fractional shares. Taxact com 2011 Gain, qualified small business stock, How to report gain. Taxact com 2011 How to fill in, generally, Reporting Capital Gains and Losses Long-term gains and losses, Long-term gains and losses. Taxact com 2011 Marked-to-market election, Mark-to-market election made. Taxact com 2011 Market discount bonds, Market discount bonds. Taxact com 2011 , Market discount bonds. Taxact com 2011 Musical compositions, Capital asset treatment for self-created musical works. Taxact com 2011 Nominees, Nominees. Taxact com 2011 Nonbusiness bad debt, Nonbusiness bad debt. Taxact com 2011 Nondividend distributions, Nondividend distributions. Taxact com 2011 Option, How to report. Taxact com 2011 Property bought at various times, Sale of property bought at various times. Taxact com 2011 Rollover, publicly traded securities, Rollover of Gain From Publicly Traded Securities Rollover, qualified small business stock, How to report gain. Taxact com 2011 Sale expenses, Sale expenses. Taxact com 2011 Short-term gains and losses, Short-term gains and losses. Taxact com 2011 Software, Stocks and Bonds Worthless securities, How to report loss. Taxact com 2011 Form SS-4, Identifying number. Taxact com 2011 Form W-8BEN, Nonresident aliens. Taxact com 2011 Form W-9, Certification. Taxact com 2011 Fractional shares, Fractional shares. Taxact com 2011 , Automatic investment service. Taxact com 2011 Free tax services, Free help with your tax return. Taxact com 2011 Frozen deposits, Interest income on frozen deposits. Taxact com 2011 , Frozen deposits. Taxact com 2011 Futures contracts Regulated, Regulated futures contract. Taxact com 2011 Securities, Securities futures contract. Taxact com 2011 , Securities futures contract to sell. Taxact com 2011 , Securities Futures Contracts Futures, commodity, Commodity Futures, Commodity futures. Taxact com 2011 Wash sales, Options and futures contracts. Taxact com 2011 G Gains on qualified small business stock, Gains on Qualified Small Business Stock Gains on sales or trades, How To Figure Gain or Loss, Gain on Sale or Trade of Depreciable Property, Property received from a related party. Taxact com 2011 (see also Capital gains and losses) Gifts, What's New, Income from property given to a child. Taxact com 2011 , Property Received as a Gift, Property received as a gift. Taxact com 2011 Gifts of shares, Shares received as gift. Taxact com 2011 Government obligations, Government obligations. Taxact com 2011 H Hedging transactions, Hedging exception. Taxact com 2011 , Hedging Transactions, Hedging transaction. Taxact com 2011 Help (see Tax help) Holding period Investment property, Holding Period Replacement stock, Holding period of replacement stock. Taxact com 2011 Shares acquired by reinvestment, Reinvested distributions. Taxact com 2011 Straddles, Holding Period and Loss Treatment Rules I Income from sources outside U. Taxact com 2011 S. Taxact com 2011 , Reminders Income tax treaties (Table 1-3), Qualified Dividends Indian tribal government, Indian tribal government. Taxact com 2011 Individual retirement arrangements (IRAs) Interest income, Individual retirement arrangements (IRAs). Taxact com 2011 Inflation-indexed debt instruments, Inflation-Indexed Debt Instruments, Stripped inflation-indexed debt instruments. Taxact com 2011 Inherited property Basis, Property Received as Inheritance Holding period, Inherited property. Taxact com 2011 Transfer by inheritance, Transfer by inheritance. Taxact com 2011 Insolvency of contractors, Insolvency of contractor. Taxact com 2011 Installment sales, Installment sales. Taxact com 2011 Insurance Borrowing on, Borrowing on insurance. Taxact com 2011 Dividends, interest on, Interest on insurance dividends. Taxact com 2011 , Dividends on insurance policies. Taxact com 2011 Interest option on, Interest option on insurance. Taxact com 2011 Life insurance companies, demutualization, Demutualization of Life Insurance Companies Life, paid to beneficiary, Insurance Prepaid premiums, Prepaid insurance premiums. Taxact com 2011 Single-premium life, Single-premium life insurance, endowment, and annuity contracts. Taxact com 2011 Trades, Insurance Policies and Annuities Veterans' dividends, interest on, Interest on VA dividends. Taxact com 2011 , Dividends on veterans' insurance. Taxact com 2011 Interest expenses Allocation of, Allocation of Interest Expense Investment interest, Investment Interest Limit on, Limit on interest deduction for market discount bonds. Taxact com 2011 , Limit on Deduction When to deduct, When To Deduct Investment Interest Margin accounts, Interest on margin accounts. Taxact com 2011 Paid in advance, Interest paid in advance. Taxact com 2011 Straddles, Interest expense and carrying charges on straddles. Taxact com 2011 Interest income, Interest Income Annuity contracts, Interest on annuity contract. Taxact com 2011 Bonds traded flat, Bonds traded flat. Taxact com 2011 Certificates of deposits, Certificates of deposit and other deferred interest accounts. Taxact com 2011 Condemnation awards, Interest on condemnation award. Taxact com 2011 Deferred interest accounts, Certificates of deposit and other deferred interest accounts. Taxact com 2011 Dividends on deposit or share accounts, Dividends that are actually interest. Taxact com 2011 Frozen deposits, Interest income on frozen deposits. Taxact com 2011 , Frozen deposits. Taxact com 2011 Gift for opening account, Gift for opening account. Taxact com 2011 Individual retirement arrangements (IRAs), Individual retirement arrangements (IRAs). Taxact com 2011 Installment sale payments, Installment sale payments. Taxact com 2011 Insurance dividends, Interest on insurance dividends. Taxact com 2011 Money market funds, Money market funds. Taxact com 2011 Nominee distributions, Nominees. Taxact com 2011 Prepaid insurance premiums, Prepaid insurance premiums. Taxact com 2011 Reporting, When To Report Interest Income, Penalty on early withdrawal of savings. Taxact com 2011 Seller-financed mortgage, Form 1040A. Taxact com 2011 , Interest on seller-financed mortgage. Taxact com 2011 Tax refunds, Interest on tax refunds. Taxact com 2011 Tax-exempt, Tax-Exempt Interest, Reporting tax-exempt interest. Taxact com 2011 Taxable, Taxable Interest — General, Bonds traded flat. Taxact com 2011 , Taxation of interest. Taxact com 2011 , Taxable Interest U. Taxact com 2011 S. Taxact com 2011 savings bonds, person responsible for tax (Table 1-2), Table 1-2. Taxact com 2011 Who Pays the Tax on U. Taxact com 2011 S. Taxact com 2011 Savings Bond Interest Underreported, Underreported interest and dividends. Taxact com 2011 Unstated, Unstated interest. Taxact com 2011 Usurious interest, Usurious interest. Taxact com 2011 VA insurance dividends, Interest on VA dividends. Taxact com 2011 Investment clubs, Investment Clubs, Filing requirement. Taxact com 2011 Investment counsel and advice, Investment counsel and advice. Taxact com 2011 Investment expenses, Investment Expenses Allocated, Allocated investment expenses. Taxact com 2011 At-risk rules, At-risk rules. Taxact com 2011 Deductible, Expenses of Producing Income Interest, Investment interest deducted. Taxact com 2011 Limits on deductions, Limits on Deductions Nondeductible, Nondeductible Expenses Pass-through entities, Investment expenses from pass-through entities. Taxact com 2011 Reporting requirements, How To Report Investment Expenses Investment income, Investment Income Children, Tax on unearned income of certain children. Taxact com 2011 , Investment income of child reported on parent's return. Taxact com 2011 General Information, General Information Net income, Net Investment Income Records to keep, General Information Reporting of (Table 1-1), Table 1-1. Taxact com 2011 Where To Report Common Types of Investment Income Investment property, Investment property. Taxact com 2011 Basis, Basis of Investment Property Definition, Investment property. Taxact com 2011 Gain or loss treatment, Investment property. Taxact com 2011 Gift, received as, Property Received as a Gift Holding period, Holding Period Liquidation, received in, Investment property received in liquidation. Taxact com 2011 Nontaxable trades, received in, Property Received in Nontaxable Trades Sales and trades, Sales and Trades of Investment Property Services, received for, Property Received for Services Spouse, received from, Property Received From Your Spouse Taxable trades, received in, Property Received in Taxable Trades J Joint accounts, Joint accounts. Taxact com 2011 Joint and separate returns, Joint return. Taxact com 2011 , Joint and separate returns. Taxact com 2011 L Life insurance companies demutualization, Demutualization of Life Insurance Companies Like-kind exchanges, Like-Kind Exchanges, Like-Kind Exchanges Basis of property received, Basis of property received. Taxact com 2011 Reporting requirements, How to report. Taxact com 2011 Liquidating distributions, Liquidating Distributions, Investment property received in liquidation. Taxact com 2011 Listed options, Listed option. Taxact com 2011 Load charges, Commissions and load charges. Taxact com 2011 Loans Below-market, Below-Market Loans, Effective dates. Taxact com 2011 Gift and demand, Gift and demand loans. Taxact com 2011 Guarantees, Loan guarantees. Taxact com 2011 Term, Term loans. Taxact com 2011 Local government obligations (see State or local government obligations) Long-term capital gains and losses, Short-Term or Long-Term Capital Gain or Loss, Long-term gains and losses. Taxact com 2011 Long-term debt instruments, Long-term debt instruments issued after 1954 and before May 28, 1969 (or before July 2, 1982, if a government instrument). Taxact com 2011 Losses on sales or trades, Property received from a related party. Taxact com 2011 (see also Capital gains and losses) Amount calculation, How To Figure Gain or Loss Carryback election, Loss carryback election. Taxact com 2011 , Loss carryback election. Taxact com 2011 Mutual fund or REIT stock held 6 months or less, Loss on mutual fund or REIT stock held 6 months or less. Taxact com 2011 Passive activities, Passive activity losses. Taxact com 2011 , Passive activity losses. Taxact com 2011 , Passive activity losses and credits. Taxact com 2011 , Losses from passive activities. Taxact com 2011 Related parties, Losses on Sales or Trades of Property Section 1244 (small business) stock, Losses on Section 1244 (Small Business) Stock Small business investment company stock, Losses on Small Business Investment Company Stock Wash sales, Coordination of Loss Deferral Rules and Wash Sale Rules M Mark-to-market election, Mark-to-market election made. Taxact com 2011 Marked-to-market rules, Marked-to-Market Rules, Mark-to-market election made. Taxact com 2011 Market discount bonds, Market discount. Taxact com 2011 , Market Discount Bonds, Partial principal payments. Taxact com 2011 , Limit on interest deduction for market discount bonds. Taxact com 2011 , Market discount on bonds. Taxact com 2011 , Market discount bonds. Taxact com 2011 , Market discount bonds. Taxact com 2011 Accrued market discount, Accrued market discount. Taxact com 2011 Maximum rate of capital gains (Table 4-4), Table 4-4. Taxact com 2011 What Is Your Maximum Capital Gain Rate? Mechanics' and suppliers' liens, Mechanics' and suppliers' liens. Taxact com 2011 Meetings, expenses of attending, Stockholders' meetings. Taxact com 2011 Missing children, photographs of, Reminders Mixed straddles, Mixed straddles. Taxact com 2011 , Mixed straddles. Taxact com 2011 Money market funds, Money Market Funds Interest income, Money market funds. Taxact com 2011 Mortgages Revenue bonds, Mortgage revenue bonds. Taxact com 2011 Secondary liability on home, Secondary liability on home mortgage. Taxact com 2011 Seller-financed, Interest on seller-financed mortgage. Taxact com 2011 Municipal bonds, State or Local Government Obligations, Reporting tax-exempt interest. Taxact com 2011 , Tax-exempt state and local government bonds. Taxact com 2011 (see also State or local government obligations) Mutual funds, Capital Gain Distributions, Other income (nonpassive income). Taxact com 2011 , Choosing to include net capital gain. Taxact com 2011 , Including mutual fund or REMIC expenses in income. Taxact com 2011 , Shares in a mutual fund or REIT. Taxact com 2011 , Special Rules for Mutual Funds, Loss on mutual fund or REIT stock held 6 months or less. Taxact com 2011 Individual retirement arrangements (IRAs), Qualified retirement plans and IRAs. Taxact com 2011 publicly offered, Publicly-offered mutual funds. Taxact com 2011 N Net Investment Income Tax, What's New, Net investment income tax (NIIT). Taxact com 2011 New York Liberty bonds, New York Liberty bonds. Taxact com 2011 NIIT, What's New, Net investment income tax (NIIT). Taxact com 2011 Nominee distributions Dividends, Nominees. Taxact com 2011 , Nominees. Taxact com 2011 Interest income, Nominees. Taxact com 2011 , Nominee distributions. Taxact com 2011 Original issue discount, Nominee. Taxact com 2011 Nonbusiness bad debts, Nonbusiness bad debt. Taxact com 2011 , Nonbusiness Bad Debts Noncapital assets, Capital Assets and Noncapital Assets Nondeductible investment expenses, Nondeductible Expenses Nondividend distributions, Nondividend Distributions Nonequity options, Nonequity option. Taxact com 2011 Nonqualified preferred stock, Nonqualified preferred stock. Taxact com 2011 Nonresident aliens Backup withholding, Nonresident aliens. Taxact com 2011 Nontaxable return of capital, Basis adjustment. Taxact com 2011 Nontaxable stock rights, Nontaxable stock rights. Taxact com 2011 Nontaxable trades, Nontaxable Trades, Nontaxable trades. Taxact com 2011 Notes Individuals, bought at discount, Notes of individuals. Taxact com 2011 U. Taxact com 2011 S. Taxact com 2011 Treasury (see U. Taxact com 2011 S. Taxact com 2011 Treasury bills, notes, and bonds) O Office expenses, Clerical help and office rent. Taxact com 2011 Options, Options Calls and puts, Puts and Calls Cash settlement, Cash-settled options. Taxact com 2011 , Cash settlement option. Taxact com 2011 Dealer equity, Dealer equity option. Taxact com 2011 Deep-in-the-money, Qualified covered call options and optioned stock. Taxact com 2011 Employee stock, Reminders Equity, Equity option. Taxact com 2011 Gain or loss, Options, Qualified covered call options and optioned stock. Taxact com 2011 Holding period, Option exercised. Taxact com 2011 Listed, Listed option. Taxact com 2011 Nonequity, Nonequity option. Taxact com 2011 Qualified covered call, Qualified covered call options and optioned stock. Taxact com 2011 Reporting requirements, How to report. Taxact com 2011 Section 1256 contracts, Section 1256 Contracts Marked to Market, Section 1256 contract options. Taxact com 2011 Wash sales, Options and futures contracts. Taxact com 2011 Ordinary gains and losses, Capital or Ordinary Gain or Loss, Ordinary loss or casualty loss. Taxact com 2011 Original issue discount (OID), Original issue discount. Taxact com 2011 , Original Issue Discount (OID), Stripped tax-exempt obligations. Taxact com 2011 , Original issue discount (OID) on debt instruments. Taxact com 2011 Adjustment to, Original issue discount (OID) adjustment. Taxact com 2011 Reporting requirements, Exceptions to reporting OID. Taxact com 2011 , Form 1099-OID Rules, Applying the OID Rules P Pass-through entities Rollover of gain, Pass-through entity. Taxact com 2011 Passive activities Gains and losses, Passive activity losses. Taxact com 2011 , Passive activity losses. Taxact com 2011 , Passive activity losses and credits. Taxact com 2011 , Losses from passive activities. Taxact com 2011 , Passive activity gains and losses. Taxact com 2011 Patronage dividends, Patronage dividends. Taxact com 2011 Penalties Accuracy-related, Accuracy-related penalty. Taxact com 2011 , Accuracy-related penalties. Taxact com 2011 Backup withholding, Penalties. Taxact com 2011 Civil fraud, Civil fraud penalty. Taxact com 2011 Early withdrawal, Interest subject to penalty for early withdrawal. Taxact com 2011 , Penalty on early withdrawal of savings. Taxact com 2011 Failure to pay tax, Failure to pay tax. Taxact com 2011 Failure to supply SSN, Penalty for failure to supply SSN. Taxact com 2011 Substantial understatement, Substantial understatement of tax. Taxact com 2011 Valuation misstatement, Substantial valuation misstatement. Taxact com 2011 Political parties Debts owed by, Debts owed by political parties. Taxact com 2011 Preferred stock Nonqualified, Nonqualified preferred stock. Taxact com 2011 Redeemable at a premium, Preferred stock redeemable at a premium. Taxact com 2011 Stripped, Stripped Preferred Stock Premiums on bonds, Bond premium. Taxact com 2011 , Premiums on bonds. Taxact com 2011 Private activity bonds, Private activity bonds. Taxact com 2011 Public utility stock reinvestment, Public utilities. Taxact com 2011 Publications (see Tax help) Puts and calls, Puts and Calls Table 4-3, Table 4-3. Taxact com 2011 Puts and Calls Q Qualified dividends, Qualified dividends. Taxact com 2011 Qualified small business stock, Qualified small business stock. Taxact com 2011 , Qualified small business stock. Taxact com 2011 , Gains on Qualified Small Business Stock Gains on, Gains on Qualified Small Business Stock R Real estate investment trusts (REITs), Undistributed capital gains of mutual funds and REITs. Taxact com 2011 , Shares in a mutual fund or REIT. Taxact com 2011 , Loss on mutual fund or REIT stock held 6 months or less. Taxact com 2011 Real estate mortgage investment conduits (REMICs), REMICs, Expenses. Taxact com 2011 , Including mutual fund or REMIC expenses in income. Taxact com 2011 Regular interest, Regular Interest Residual interest, Residual Interest, Residual interests in a REMIC. Taxact com 2011 Recordkeeping requirements Education Savings Bond Program, Education Savings Bond Program Investment income, General Information Small business stock, Losses on Section 1244 (Small Business) Stock Redemption of stock, Redemption of stock. Taxact com 2011 Redemption or retirement of bonds, Redemption or retirement of bonds. Taxact com 2011 Regulated futures contract, Regulated futures contract. Taxact com 2011 Reinvestment rights, Commissions and load charges. Taxact com 2011 REITs (see Real estate investment trusts (REITs)) Related party transactions, Unpaid expenses owed to related party. Taxact com 2011 , Related Party Transactions, Property received from a related party. Taxact com 2011 Related persons, Related persons. Taxact com 2011 REMICs (see Real estate mortgage investment conduits (REMICs)) Reorganizations, corporate, Corporate reorganizations. Taxact com 2011 Reporting requirements Bad debts, How to report bad debts. Taxact com 2011 Bond premium amortization, How To Report Amortization Capital gains and losses, How To Report Gains and Losses (Form 6781), How to report gain. Taxact com 2011 , Reporting Capital Gains and Losses Dividend income, How To Report Dividend Income Exempt-interest dividends, Information reporting requirement. Taxact com 2011 Interest on U. Taxact com 2011 S. Taxact com 2011 savings bonds, Reporting options for cash method taxpayers. Taxact com 2011 , Choice to report interest each year. Taxact com 2011 Investment expenses, How To Report Investment Expenses Like-kind exchanges, How to report. Taxact com 2011 Options, How to report. Taxact com 2011 Original issue discount, Form 1099-OID S corporation income, deductions, and credits, Reporting S corporation income, deductions, and credits. Taxact com 2011 Section 1256 contracts, How To Report State or local government obligations, Information reporting requirement. Taxact com 2011 Straddles, Section 1256 contracts and straddles. Taxact com 2011 Substitute payments, Reporting Substitute Payments Tax-exempt interest income, Reporting tax-exempt interest. Taxact com 2011 Trades, How To Report Repossession of real property, Real property repossessed. Taxact com 2011 Restricted property, Restricted property. Taxact com 2011 Restricted stock, Dividends received on restricted stock. Taxact com 2011 Retirement of debt instrument, Retirement of debt instrument. Taxact com 2011 Return of capital (see Nondividend distributions) Revocable trust, trustee's commissions for, Trustee's commissions for revocable trust. Taxact com 2011 Rollover of gain from sale Securities, Rollover of Gain From Publicly Traded Securities, Rollover of Gain S S corporations, S Corporations, S corporation stock. Taxact com 2011 Safe deposit box, Safe deposit box rent. Taxact com 2011 Sales and trades of investment property, Sales and Trades of Investment Property Definition, What Is a Sale or Trade? Savings bonds (see U. Taxact com 2011 S. Taxact com 2011 savings bonds) SBIC stock (see Small business investment company stock) Scrip dividends, Scrip dividends. Taxact com 2011 Section 1202 gain, Section 1202 Exclusion, Gain on qualified small business stock. Taxact com 2011 Section 1244 stock, Losses on Section 1244 (Small Business) Stock Section 1250 gain, Unrecaptured section 1250 gain. Taxact com 2011 Section 1256 contracts, Section 1256 Contracts Marked to Market, Section 1256 contracts. Taxact com 2011 , Section 1256 contract options. Taxact com 2011 , Section 1256 contracts and straddles. Taxact com 2011 Net gain on, Net section 1256 contracts gain. Taxact com 2011 Net loss on, Net section 1256 contracts loss. Taxact com 2011 Reporting requirements, How To Report Securities Holding period, Holding Period Installment sales, Installment sales. Taxact com 2011 Lost, stolen, etc. Taxact com 2011 , cost of replacing, Cost of replacing missing securities. Taxact com 2011 Rollover of gain from sale, Rollover of Gain From Publicly Traded Securities, Rollover of Gain Traders in, Special Rules for Traders in Securities Worthless, Worthless Securities, Worthless securities. Taxact com 2011 Securities futures contracts, Dealer securities futures contract. Taxact com 2011 , Securities futures contract. Taxact com 2011 , Securities Futures Contracts Self-employment income, Self-Employment Income Self-employment tax, Self-employment tax. Taxact com 2011 Seller-financed mortgages, Interest on seller-financed mortgage. Taxact com 2011 Short sales, Short Sales, Extraordinary dividends. Taxact com 2011 Adjusted basis, Short sales. Taxact com 2011 Expenses of, Short-sale expenses. Taxact com 2011 Extraordinary dividends, Extraordinary dividends. Taxact com 2011 Puts, Put option as short sale. Taxact com 2011 Small business investment company stock, Short sale. Taxact com 2011 Short-term capital gains and losses, Short-Term or Long-Term Capital Gain or Loss, Short-term gains and losses. Taxact com 2011 Short-term obligations, Discount on Short-Term Obligations, Choosing to include accrued discount and other interest in current income. Taxact com 2011 , Acquisition discount on short-term obligations. Taxact com 2011 , Short-term government obligations. Taxact com 2011 Interest deduction, limit on, Limit on interest deduction for short-term obligations. Taxact com 2011 Sixty/forty (60/40) rule, 60/40 rule. Taxact com 2011 Small business investment company stock, Losses on Small Business Investment Company Stock, SSBIC stock. Taxact com 2011 Reporting requirements, How to report. Taxact com 2011 Small business stock, Qualified small business stock. Taxact com 2011 , Losses on Section 1244 (Small Business) Stock, Qualified small business stock. Taxact com 2011 , Gains on Qualified Small Business Stock Social security number (SSN) Custodial accounts, Custodian account for your child. Taxact com 2011 Joint accounts, SSN for joint account. Taxact com 2011 Requirement to give, Social security number (SSN). Taxact com 2011 Specialized small business investment company stock, Specialized small business investment company stock or partnership interest. Taxact com 2011 , SSBIC stock. Taxact com 2011 Spouses Transfers between, Property Received From Your Spouse, Transfers Between Spouses (see also Related party transactions) State or local government obligations, State or Local Government Obligations, Taxable Interest Market discount bonds (see Market discount bonds) Private activity bonds, Private activity bonds. Taxact com 2011 Registration requirement, Registration requirement. Taxact com 2011 Tax-exempt interest, Tax-Exempt Interest Taxable interest, Taxable Interest Stock Basis, Basis adjustment. Taxact com 2011 , Basis adjustment. Taxact com 2011 , Basis. Taxact com 2011 , Stocks and Bonds, Basis of replacement stock. Taxact com 2011 Capital asset, Stocks, stock rights, and bonds. Taxact com 2011 Constructive ownership, Constructive ownership of stock. Taxact com 2011 Convertible, Convertible stocks and bonds. Taxact com 2011 Corporate, Corporate Stocks Dividends (see Dividends) Fractional shares, Fractional shares. Taxact com 2011 , Automatic investment service. Taxact com 2011 Identification, Identifying stock or bonds sold. Taxact com 2011 Installment sales, Installment sales. Taxact com 2011 Nonqualified preferred stock, Nonqualified preferred stock. Taxact com 2011 Options for employees, Reminders Public utility, reinvestment, Public utilities. Taxact com 2011 Redemption of, Redemption of stock. Taxact com 2011 Replacement stock, Basis of replacement stock. Taxact com 2011 Restricted stock, Dividends received on restricted stock. Taxact com 2011 Rights, Distributions of Stock and Stock Rights, Stock rights. Taxact com 2011 , Nontaxable stock rights. Taxact com 2011 S corporations, S corporation stock. Taxact com 2011 Sales to ESOPs or cooperatives, Sales of Stock to ESOPs or Certain Cooperatives Small business, Qualified small business stock. Taxact com 2011 , Qualified small business stock. Taxact com 2011 Specialized small business investment company, Specialized small business investment company stock or partnership interest. Taxact com 2011 Splits, Stock splits. Taxact com 2011 Straddles (see Straddles) Stripped preferred stock, Stripped Preferred Stock Surrender of, Surrender of stock. Taxact com 2011 Trades, Stock for stock of the same corporation. Taxact com 2011 Trust instruments treated as, Certain trust instruments treated as stock. Taxact com 2011 Straddles, Straddles, Interest expense and carrying charges relating to mixed straddle account positions. 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Taxact com 2011 Puts and Calls U. Taxact com 2011 S. Taxact com 2011 savings bonds, person responsible for tax (Table 1-2), Table 1-2. Taxact com 2011 Who Pays the Tax on U. Taxact com 2011 S. Taxact com 2011 Savings Bond Interest Tax credit bonds, Tax credit bonds. Taxact com 2011 Tax help, How To Get Tax Help Tax rates, What's New Capital gain and losses, Capital Gain Tax Rates Tax refunds Interest on, Interest on tax refunds. Taxact com 2011 Tax shelters, Tax Shelters and Other Reportable Transactions, Whether To Invest Penalties, Penalties Reporting requirements, Investor Reporting Rules to curb abuse, Rules To Curb Abusive Tax Shelters Tax-exempt bonds, Tax-exempt state and local government bonds. Taxact com 2011 Tax-exempt income Expenses of, Tax-exempt income. Taxact com 2011 Interest, Tax-Exempt Interest, Reporting tax-exempt interest. Taxact com 2011 Tax-exempt obligations, Tax-Exempt Interest, Stripped tax-exempt obligations. Taxact com 2011 , Discounted tax-exempt obligations. Taxact com 2011 Taxable income, expenses of, Expenses for both tax-exempt and taxable income. Taxact com 2011 Taxes State and local transfer, State and local transfer taxes. Taxact com 2011 State income, State income taxes. Taxact com 2011 Term loans, Term loans. Taxact com 2011 Trade or business, Passive activity. Taxact com 2011 Traders in securities, Special Rules for Traders in Securities Trades Insurance, Insurance Policies and Annuities Investment property, Sales and Trades of Investment Property Like-kind, Like-Kind Exchanges, Like-Kind Exchanges Nontaxable, Property Received in Nontaxable Trades, Nontaxable Trades, Nontaxable trades. Taxact com 2011 Reporting requirements, How To Report Stock, Stock for stock of the same corporation. Taxact com 2011 Taxable, Property Received in Taxable Trades U. Taxact com 2011 S. Taxact com 2011 Treasury notes or bonds, U. Taxact com 2011 S. Taxact com 2011 Treasury Notes or Bonds Treasury bills, notes, and bonds (see U. Taxact com 2011 S. Taxact com 2011 Treasury bills, notes, and bonds) Treasury inflation-indexed securities, Inflation-Indexed Debt Instruments Treasury inflation-protected securities (TIPS), Treasury inflation-protected securities (TIPS). Taxact com 2011 , Inflation-Indexed Debt Instruments Treaties, income tax (Table 1-3), Qualified Dividends Trust income received by beneficiary, Beneficiary of an estate or trust. Taxact com 2011 Trustee's commission for revocable trust, Trustee's commissions for revocable trust. Taxact com 2011 U U. Taxact com 2011 S. Taxact com 2011 savings bonds, U. Taxact com 2011 S. Taxact com 2011 obligations. Taxact com 2011 , U. Taxact com 2011 S. Taxact com 2011 Savings Bonds Reporting interest on, U. Taxact com 2011 S. Taxact com 2011 obligations. Taxact com 2011 , U. Taxact com 2011 S. Taxact com 2011 Savings Bonds Retirement or profit-sharing plan, distributed from, Savings bonds distributed from a retirement or profit-sharing plan. Taxact com 2011 Worksheet, Worksheet for savings bonds distributed from a retirement or profit-sharing plan. Taxact com 2011 Tax, responsible person (Table 1-2), Table 1-2. Taxact com 2011 Who Pays the Tax on U. Taxact com 2011 S. Taxact com 2011 Savings Bond Interest U. Taxact com 2011 S. Taxact com 2011 Treasury bills, notes, and bonds, U. Taxact com 2011 S. Taxact com 2011 obligations. Taxact com 2011 , U. Taxact com 2011 S. Taxact com 2011 Treasury Bills, Notes, and Bonds, U. Taxact com 2011 S. Taxact com 2011 Treasury Notes or Bonds, U. Taxact com 2011 S. Taxact com 2011 Treasury notes and bonds. Taxact com 2011 Undistributed capital gains, Undistributed capital gains. Taxact com 2011 Usurious interest, Usurious interest. Taxact com 2011 V Veterans' insurance Dividends on, Dividends on veterans' insurance. Taxact com 2011 W Warrants, Warrants. Taxact com 2011 Wash sales, Wash Sales, Securities Futures Contracts Holding period, Wash sales. Taxact com 2011 Loss deferral rules, straddles, Coordination of Loss Deferral Rules and Wash Sale Rules Withholding, backup, Backup withholding. Taxact com 2011 Worksheets Capital loss carryover, Worksheet 4-1. Taxact com 2011 Capital Loss Carryover Worksheet Worthless securities, Worthless Securities, Worthless securities. Taxact com 2011 Prev  Up     Home   More Online Publications