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1040 Ez 2010 Pdf

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1040 Ez 2010 Pdf

1040 ez 2010 pdf 12. 1040 ez 2010 pdf   Other Income Table of Contents Introduction Useful Items - You may want to see: Bartering Canceled DebtsInterest included in canceled debt. 1040 ez 2010 pdf Exceptions Host or Hostess Life Insurance ProceedsSurviving spouse. 1040 ez 2010 pdf Endowment Contract Proceeds Accelerated Death Benefits Public Safety Officer Killed in the Line of Duty Partnership Income S Corporation Income RecoveriesItemized Deduction Recoveries Rents from Personal Property RepaymentsMethod 1. 1040 ez 2010 pdf Method 2. 1040 ez 2010 pdf RoyaltiesDepletion. 1040 ez 2010 pdf Coal and iron ore. 1040 ez 2010 pdf Sale of property interest. 1040 ez 2010 pdf Part of future production sold. 1040 ez 2010 pdf Unemployment BenefitsTypes of unemployment compensation. 1040 ez 2010 pdf Governmental program. 1040 ez 2010 pdf Repayment of unemployment compensation. 1040 ez 2010 pdf Tax withholding. 1040 ez 2010 pdf Repayment of benefits. 1040 ez 2010 pdf Welfare and Other Public Assistance Benefits Other IncomeEmotional distress. 1040 ez 2010 pdf Deduction for costs involved in unlawful discrimination suits. 1040 ez 2010 pdf Energy conservation measure. 1040 ez 2010 pdf Dwelling unit. 1040 ez 2010 pdf Current income required to be distributed. 1040 ez 2010 pdf Current income not required to be distributed. 1040 ez 2010 pdf How to report. 1040 ez 2010 pdf Losses. 1040 ez 2010 pdf Grantor trust. 1040 ez 2010 pdf Nonemployee compensation. 1040 ez 2010 pdf Corporate director. 1040 ez 2010 pdf Personal representatives. 1040 ez 2010 pdf Manager of trade or business for bankruptcy estate. 1040 ez 2010 pdf Notary public. 1040 ez 2010 pdf Election precinct official. 1040 ez 2010 pdf Difficulty-of-care payments. 1040 ez 2010 pdf Maintaining space in home. 1040 ez 2010 pdf Reporting taxable payments. 1040 ez 2010 pdf Lotteries and raffles. 1040 ez 2010 pdf Form W-2G. 1040 ez 2010 pdf Reporting winnings and recordkeeping. 1040 ez 2010 pdf Inherited pension or IRA. 1040 ez 2010 pdf Employee awards or bonuses. 1040 ez 2010 pdf Pulitzer, Nobel, and similar prizes. 1040 ez 2010 pdf Payment for services. 1040 ez 2010 pdf VA payments. 1040 ez 2010 pdf Prizes. 1040 ez 2010 pdf Strike and lockout benefits. 1040 ez 2010 pdf Introduction You must include on your return all items of income you receive in the form of money, property, and services unless the tax law states that you do not include them. 1040 ez 2010 pdf Some items, however, are only partly excluded from income. 1040 ez 2010 pdf This chapter discusses many kinds of income and explains whether they are taxable or nontaxable. 1040 ez 2010 pdf Income that is taxable must be reported on your tax return and is subject to tax. 1040 ez 2010 pdf Income that is nontaxable may have to be shown on your tax return but is not taxable. 1040 ez 2010 pdf This chapter begins with discussions of the following income items. 1040 ez 2010 pdf Bartering. 1040 ez 2010 pdf Canceled debts. 1040 ez 2010 pdf Sales parties at which you are the host or hostess. 1040 ez 2010 pdf Life insurance proceeds. 1040 ez 2010 pdf Partnership income. 1040 ez 2010 pdf S Corporation income. 1040 ez 2010 pdf Recoveries (including state income tax refunds). 1040 ez 2010 pdf Rents from personal property. 1040 ez 2010 pdf Repayments. 1040 ez 2010 pdf Royalties. 1040 ez 2010 pdf Unemployment benefits. 1040 ez 2010 pdf Welfare and other public assistance benefits. 1040 ez 2010 pdf These discussions are followed by brief discussions of other income items. 1040 ez 2010 pdf Useful Items - You may want to see: Publication 525 Taxable and Nontaxable Income 544 Sales and Other Dispositions of Assets 4681 Canceled Debts, Foreclosures, Repossessions, and Abandonments Bartering Bartering is an exchange of property or services. 1040 ez 2010 pdf You must include in your income, at the time received, the fair market value of property or services you receive in bartering. 1040 ez 2010 pdf If you exchange services with another person and you both have agreed ahead of time on the value of the services, that value will be accepted as fair market value unless the value can be shown to be otherwise. 1040 ez 2010 pdf Generally, you report this income on Schedule C (Form 1040), Profit or Loss From Business, or Schedule C-EZ (Form 1040), Net Profit From Business. 1040 ez 2010 pdf However, if the barter involves an exchange of something other than services, such as in Example 3 below, you may have to use another form or schedule instead. 1040 ez 2010 pdf Example 1. 1040 ez 2010 pdf You are a self-employed attorney who performs legal services for a client, a small corporation. 1040 ez 2010 pdf The corporation gives you shares of its stock as payment for your services. 1040 ez 2010 pdf You must include the fair market value of the shares in your income on Schedule C (Form 1040) or Schedule C-EZ (Form 1040) in the year you receive them. 1040 ez 2010 pdf Example 2. 1040 ez 2010 pdf You are self-employed and a member of a barter club. 1040 ez 2010 pdf The club uses “credit units” as a means of exchange. 1040 ez 2010 pdf It adds credit units to your account for goods or services you provide to members, which you can use to purchase goods or services offered by other members of the barter club. 1040 ez 2010 pdf The club subtracts credit units from your account when you receive goods or services from other members. 1040 ez 2010 pdf You must include in your income the value of the credit units that are added to your account, even though you may not actually receive goods or services from other members until a later tax year. 1040 ez 2010 pdf Example 3. 1040 ez 2010 pdf You own a small apartment building. 1040 ez 2010 pdf In return for 6 months rent-free use of an apartment, an artist gives you a work of art she created. 1040 ez 2010 pdf You must report as rental income on Schedule E (Form 1040), Supplemental Income and Loss, the fair market value of the artwork, and the artist must report as income on Schedule C (Form 1040) or Schedule C-EZ (Form 1040) the fair rental value of the apartment. 1040 ez 2010 pdf Form 1099-B from barter exchange. 1040 ez 2010 pdf   If you exchanged property or services through a barter exchange, Form 1099-B, Proceeds From Broker and Barter Exchange Transactions, or a similar statement from the barter exchange should be sent to you by February 18, 2014. 1040 ez 2010 pdf It should show the value of cash, property, services, credits, or scrip you received from exchanges during 2013. 1040 ez 2010 pdf The IRS also will receive a copy of Form 1099-B. 1040 ez 2010 pdf Canceled Debts In most cases, if a debt you owe is canceled or forgiven, other than as a gift or bequest, you must include the canceled amount in your income. 1040 ez 2010 pdf You have no income from the canceled debt if it is intended as a gift to you. 1040 ez 2010 pdf A debt includes any indebtedness for which you are liable or which attaches to property you hold. 1040 ez 2010 pdf If the debt is a nonbusiness debt, report the canceled amount on Form 1040, line 21. 1040 ez 2010 pdf If it is a business debt, report the amount on Schedule C (Form 1040) or Schedule C-EZ (Form 1040) (or on Schedule F (Form 1040), Profit or Loss From Farming, if the debt is farm debt and you are a farmer). 1040 ez 2010 pdf Form 1099-C. 1040 ez 2010 pdf   If a Federal Government agency, financial institution, or credit union cancels or forgives a debt you owe of $600 or more, you will receive a Form 1099-C, Cancellation of Debt. 1040 ez 2010 pdf The amount of the canceled debt is shown in box 2. 1040 ez 2010 pdf Interest included in canceled debt. 1040 ez 2010 pdf   If any interest is forgiven and included in the amount of canceled debt in box 2, the amount of interest also will be shown in box 3. 1040 ez 2010 pdf Whether or not you must include the interest portion of the canceled debt in your income depends on whether the interest would be deductible when you paid it. 1040 ez 2010 pdf See Deductible debt under Exceptions, later. 1040 ez 2010 pdf   If the interest would not be deductible (such as interest on a personal loan), include in your income the amount from Form 1099-C, box 2. 1040 ez 2010 pdf If the interest would be deductible (such as on a business loan), include in your income the net amount of the canceled debt (the amount shown in box 2 less the interest amount shown in box 3). 1040 ez 2010 pdf Discounted mortgage loan. 1040 ez 2010 pdf   If your financial institution offers a discount for the early payment of your mortgage loan, the amount of the discount is canceled debt. 1040 ez 2010 pdf You must include the canceled amount in your income. 1040 ez 2010 pdf Mortgage relief upon sale or other disposition. 1040 ez 2010 pdf   If you are personally liable for a mortgage (recourse debt), and you are relieved of the mortgage when you dispose of the property, you may realize gain or loss up to the fair market value of the property. 1040 ez 2010 pdf To the extent the mortgage discharge exceeds the fair market value of the property, it is income from discharge of indebtedness unless it qualifies for exclusion under Excluded debt , later. 1040 ez 2010 pdf Report any income from discharge of indebtedness on nonbusiness debt that does not qualify for exclusion as other income on Form 1040, line 21. 1040 ez 2010 pdf    You may be able to exclude part of the mortgage relief on your principal residence. 1040 ez 2010 pdf See Excluded debt, later. 1040 ez 2010 pdf   If you are not personally liable for a mortgage (nonrecourse debt), and you are relieved of the mortgage when you dispose of the property (such as through foreclosure), that relief is included in the amount you realize. 1040 ez 2010 pdf You may have a taxable gain if the amount you realize exceeds your adjusted basis in the property. 1040 ez 2010 pdf Report any gain on nonbusiness property as a capital gain. 1040 ez 2010 pdf   See Publication 4681 for more information. 1040 ez 2010 pdf Stockholder debt. 1040 ez 2010 pdf   If you are a stockholder in a corporation and the corporation cancels or forgives your debt to it, the canceled debt is a constructive distribution that is generally dividend income to you. 1040 ez 2010 pdf For more information, see Publication 542, Corporations. 1040 ez 2010 pdf   If you are a stockholder in a corporation and you cancel a debt owed to you by the corporation, you generally do not realize income. 1040 ez 2010 pdf This is because the canceled debt is considered as a contribution to the capital of the corporation equal to the amount of debt principal that you canceled. 1040 ez 2010 pdf Repayment of canceled debt. 1040 ez 2010 pdf   If you included a canceled amount in your income and later pay the debt, you may be able to file a claim for refund for the year the amount was included in income. 1040 ez 2010 pdf You can file a claim on Form 1040X if the statute of limitations for filing a claim is still open. 1040 ez 2010 pdf The statute of limitations generally does not end until 3 years after the due date of your original return. 1040 ez 2010 pdf Exceptions There are several exceptions to the inclusion of canceled debt in income. 1040 ez 2010 pdf These are explained next. 1040 ez 2010 pdf Student loans. 1040 ez 2010 pdf   Certain student loans contain a provision that all or part of the debt incurred to attend the qualified educational institution will be canceled if you work for a certain period of time in certain professions for any of a broad class of employers. 1040 ez 2010 pdf   You do not have income if your student loan is canceled after you agreed to this provision and then performed the services required. 1040 ez 2010 pdf To qualify, the loan must have been made by: The Federal Government, a state or local government, or an instrumentality, agency, or subdivision thereof, A tax-exempt public benefit corporation that has assumed control of a state, county, or municipal hospital, and whose employees are considered public employees under state law, or An educational institution: Under an agreement with an entity described in (1) or (2) that provided the funds to the institution to make the loan, or As part of a program of the institution designed to encourage its students to serve in occupations with unmet needs or in areas with unmet needs and under which the services provided by the students (or former students) are for or under the direction of a governmental unit or a tax-exempt organization described in section 501(c)(3). 1040 ez 2010 pdf   A loan to refinance a qualified student loan also will qualify if it was made by an educational institution or a qualified tax-exempt organization under its program designed as described in (3)(b) above. 1040 ez 2010 pdf Education loan repayment assistance. 1040 ez 2010 pdf   Education loan repayments made to you by the National Health Service Corps Loan Repayment Program (NHSC Loan Repayment Program), a state education loan repayment program eligible for funds under the Public Health Service Act, or any other state loan repayment or loan forgiveness program that is intended to provide for the increased availability of health services in underserved or health professional shortage areas are not taxable. 1040 ez 2010 pdf    The provision relating to the “other state loan repayment or loan forgiveness program” was added to this exclusion for amounts received in tax years beginning after December 31, 2008. 1040 ez 2010 pdf If you included these amounts in income in 2010, 2011, or 2012, you should file an amended tax return to exclude this income. 1040 ez 2010 pdf See Form 1040X and its instructions for details on filing. 1040 ez 2010 pdf Deductible debt. 1040 ez 2010 pdf   You do not have income from the cancellation of a debt if your payment of the debt would be deductible. 1040 ez 2010 pdf This exception applies only if you use the cash method of accounting. 1040 ez 2010 pdf For more information, see chapter 5 of Publication 334, Tax Guide for Small Business. 1040 ez 2010 pdf Price reduced after purchase. 1040 ez 2010 pdf   In most cases, if the seller reduces the amount of debt you owe for property you purchased, you do not have income from the reduction. 1040 ez 2010 pdf The reduction of the debt is treated as a purchase price adjustment and reduces your basis in the property. 1040 ez 2010 pdf Excluded debt. 1040 ez 2010 pdf   Do not include a canceled debt in your gross income in the following situations. 1040 ez 2010 pdf The debt is canceled in a bankruptcy case under title 11 of the U. 1040 ez 2010 pdf S. 1040 ez 2010 pdf Code. 1040 ez 2010 pdf See Publication 908, Bankruptcy Tax Guide. 1040 ez 2010 pdf The debt is canceled when you are insolvent. 1040 ez 2010 pdf However, you cannot exclude any amount of canceled debt that is more than the amount by which you are insolvent. 1040 ez 2010 pdf See Publication 908. 1040 ez 2010 pdf The debt is qualified farm debt and is canceled by a qualified person. 1040 ez 2010 pdf See chapter 3 of Publication 225, Farmer's Tax Guide. 1040 ez 2010 pdf The debt is qualified real property business debt. 1040 ez 2010 pdf See chapter 5 of Publication 334. 1040 ez 2010 pdf The cancellation is intended as a gift. 1040 ez 2010 pdf The debt is qualified principal residence indebtedness. 1040 ez 2010 pdf See Publication 525 for additional information. 1040 ez 2010 pdf Host or Hostess If you host a party or event at which sales are made, any gift or gratuity you receive for giving the event is a payment for helping a direct seller make sales. 1040 ez 2010 pdf You must report this item as income at its fair market value. 1040 ez 2010 pdf Your out-of-pocket party expenses are subject to the 50% limit for meal and entertainment expenses. 1040 ez 2010 pdf These expenses are deductible as miscellaneous itemized deductions subject to the 2%-of-AGI limit on Schedule A (Form 1040), but only up to the amount of income you receive for giving the party. 1040 ez 2010 pdf For more information about the 50% limit for meal and entertainment expenses, see chapter 26. 1040 ez 2010 pdf Life Insurance Proceeds Life insurance proceeds paid to you because of the death of the insured person are not taxable unless the policy was turned over to you for a price. 1040 ez 2010 pdf This is true even if the proceeds were paid under an accident or health insurance policy or an endowment contract. 1040 ez 2010 pdf However, interest income received as a result of life insurance proceeds may be taxable. 1040 ez 2010 pdf Proceeds not received in installments. 1040 ez 2010 pdf   If death benefits are paid to you in a lump sum or other than at regular intervals, include in your income only the benefits that are more than the amount payable to you at the time of the insured person's death. 1040 ez 2010 pdf If the benefit payable at death is not specified, you include in your income the benefit payments that are more than the present value of the payments at the time of death. 1040 ez 2010 pdf Proceeds received in installments. 1040 ez 2010 pdf   If you receive life insurance proceeds in installments, you can exclude part of each installment from your income. 1040 ez 2010 pdf   To determine the excluded part, divide the amount held by the insurance company (generally the total lump sum payable at the death of the insured person) by the number of installments to be paid. 1040 ez 2010 pdf Include anything over this excluded part in your income as interest. 1040 ez 2010 pdf Surviving spouse. 1040 ez 2010 pdf   If your spouse died before October 23, 1986, and insurance proceeds paid to you because of the death of your spouse are received in installments, you can exclude up to $1,000 a year of the interest included in the installments. 1040 ez 2010 pdf If you remarry, you can continue to take the exclusion. 1040 ez 2010 pdf Surrender of policy for cash. 1040 ez 2010 pdf   If you surrender a life insurance policy for cash, you must include in income any proceeds that are more than the cost of the life insurance policy. 1040 ez 2010 pdf In most cases, your cost (or investment in the contract) is the total of premiums that you paid for the life insurance policy, less any refunded premiums, rebates, dividends, or unrepaid loans that were not included in your income. 1040 ez 2010 pdf    You should receive a Form 1099-R showing the total proceeds and the taxable part. 1040 ez 2010 pdf Report these amounts on lines 16a and 16b of Form 1040 or lines 12a and 12b of Form 1040A. 1040 ez 2010 pdf More information. 1040 ez 2010 pdf   For more information, see Life Insurance Proceeds in Publication 525. 1040 ez 2010 pdf Endowment Contract Proceeds An endowment contract is a policy under which you are paid a specified amount of money on a certain date unless you die before that date, in which case, the money is paid to your designated beneficiary. 1040 ez 2010 pdf Endowment proceeds paid in a lump sum to you at maturity are taxable only if the proceeds are more than the cost of the policy. 1040 ez 2010 pdf To determine your cost, subtract any amount that you previously received under the contract and excluded from your income from the total premiums (or other consideration) paid for the contract. 1040 ez 2010 pdf Include the part of the lump sum payment that is more than your cost in your income. 1040 ez 2010 pdf Accelerated Death Benefits Certain amounts paid as accelerated death benefits under a life insurance contract or viatical settlement before the insured's death are excluded from income if the insured is terminally or chronically ill. 1040 ez 2010 pdf Viatical settlement. 1040 ez 2010 pdf   This is the sale or assignment of any part of the death benefit under a life insurance contract to a viatical settlement provider. 1040 ez 2010 pdf A viatical settlement provider is a person who regularly engages in the business of buying or taking assignment of life insurance contracts on the lives of insured individuals who are terminally or chronically ill and who meets the requirements of section 101(g)(2)(B) of the Internal Revenue Code. 1040 ez 2010 pdf Exclusion for terminal illness. 1040 ez 2010 pdf    Accelerated death benefits are fully excludable if the insured is a terminally ill individual. 1040 ez 2010 pdf This is a person who has been certified by a physician as having an illness or physical condition that can reasonably be expected to result in death within 24 months from the date of the certification. 1040 ez 2010 pdf Exclusion for chronic illness. 1040 ez 2010 pdf    If the insured is a chronically ill individual who is not terminally ill, accelerated death benefits paid on the basis of costs incurred for qualified long-term care services are fully excludable. 1040 ez 2010 pdf Accelerated death benefits paid on a per diem or other periodic basis are excludable up to a limit. 1040 ez 2010 pdf This limit applies to the total of the accelerated death benefits and any periodic payments received from long-term care insurance contracts. 1040 ez 2010 pdf For information on the limit and the definitions of chronically ill individual, qualified long-term care services, and long-term care insurance contracts, see Long-Term Care Insurance Contracts under Sickness and Injury Benefits in Publication 525. 1040 ez 2010 pdf Exception. 1040 ez 2010 pdf   The exclusion does not apply to any amount paid to a person (other than the insured) who has an insurable interest in the life of the insured because the insured: Is a director, officer, or employee of the person, or Has a financial interest in the person's business. 1040 ez 2010 pdf Form 8853. 1040 ez 2010 pdf   To claim an exclusion for accelerated death benefits made on a per diem or other periodic basis, you must file Form 8853, Archer MSAs and Long-Term Care Insurance Contracts, with your return. 1040 ez 2010 pdf You do not have to file Form 8853 to exclude accelerated death benefits paid on the basis of actual expenses incurred. 1040 ez 2010 pdf Public Safety Officer Killed in the Line of Duty If you are a survivor of a public safety officer who was killed in the line of duty, you may be able to exclude from income certain amounts you receive. 1040 ez 2010 pdf For this purpose, the term public safety officer includes law enforcement officers, firefighters, chaplains, and rescue squad and ambulance crew members. 1040 ez 2010 pdf For more information, see Publication 559, Survivors, Executors, and Administrators. 1040 ez 2010 pdf Partnership Income A partnership generally is not a taxable entity. 1040 ez 2010 pdf The income, gains, losses, deductions, and credits of a partnership are passed through to the partners based on each partner's distributive share of these items. 1040 ez 2010 pdf Schedule K-1 (Form 1065). 1040 ez 2010 pdf    Although a partnership generally pays no tax, it must file an information return on Form 1065, U. 1040 ez 2010 pdf S. 1040 ez 2010 pdf Return of Partnership Income, and send Schedule K-1 (Form 1065) to each partner. 1040 ez 2010 pdf In addition, the partnership will send each partner a copy of the Partner's Instructions for Schedule K-1 (Form 1065) to help each partner report his or her share of the partnership's income, deductions, credits, and tax preference items. 1040 ez 2010 pdf Keep Schedule K-1 (Form 1065) for your records. 1040 ez 2010 pdf Do not attach it to your Form 1040, unless you are specifically required to do so. 1040 ez 2010 pdf For more information on partnerships, see Publication 541, Partnerships. 1040 ez 2010 pdf Qualified joint venture. 1040 ez 2010 pdf   If you and your spouse each materially participate as the only members of a jointly owned and operated business, and you file a joint return for the tax year, you can make a joint election to be treated as a qualified joint venture instead of a partnership. 1040 ez 2010 pdf To make this election, you must divide all items of income, gain, loss, deduction, and credit attributable to the business between you and your spouse in accordance with your respective interests in the venture. 1040 ez 2010 pdf For further information on how to make the election and which schedule(s) to file, see the instructions for your individual tax return. 1040 ez 2010 pdf S Corporation Income In most cases, an S corporation does not pay tax on its income. 1040 ez 2010 pdf Instead, the income, losses, deductions, and credits of the corporation are passed through to the shareholders based on each shareholder's pro rata share. 1040 ez 2010 pdf Schedule K-1 (Form 1120S). 1040 ez 2010 pdf   An S corporation must file a return on Form 1120S, U. 1040 ez 2010 pdf S. 1040 ez 2010 pdf Income Tax Return for an S Corporation, and send Schedule K-1 (Form 1120S) to each shareholder. 1040 ez 2010 pdf In addition, the S corporation will send each shareholder a copy of the Shareholder's Instructions for Schedule K-1 (Form 1120S) to help each shareholder report his or her share of the S corporation's income, losses, credits, and deductions. 1040 ez 2010 pdf Keep Schedule K-1 (Form 1120S) for your records. 1040 ez 2010 pdf Do not attach it to your Form 1040, unless you are specifically required to do so. 1040 ez 2010 pdf For more information on S corporations and their shareholders, see the Instructions for Form 1120S. 1040 ez 2010 pdf Recoveries A recovery is a return of an amount you deducted or took a credit for in an earlier year. 1040 ez 2010 pdf The most common recoveries are refunds, reimbursements, and rebates of deductions itemized on Schedule A (Form 1040). 1040 ez 2010 pdf You also may have recoveries of non-itemized deductions (such as payments on previously deducted bad debts) and recoveries of items for which you previously claimed a tax credit. 1040 ez 2010 pdf Tax benefit rule. 1040 ez 2010 pdf   You must include a recovery in your income in the year you receive it up to the amount by which the deduction or credit you took for the recovered amount reduced your tax in the earlier year. 1040 ez 2010 pdf For this purpose, any increase to an amount carried over to the current year that resulted from the deduction or credit is considered to have reduced your tax in the earlier year. 1040 ez 2010 pdf For more information, see Publication 525. 1040 ez 2010 pdf Federal income tax refund. 1040 ez 2010 pdf   Refunds of federal income taxes are not included in your income because they are never allowed as a deduction from income. 1040 ez 2010 pdf State tax refund. 1040 ez 2010 pdf   If you received a state or local income tax refund (or credit or offset) in 2013, you generally must include it in income if you deducted the tax in an earlier year. 1040 ez 2010 pdf The payer should send Form 1099-G, Certain Government Payments, to you by January 31, 2014. 1040 ez 2010 pdf The IRS also will receive a copy of the Form 1099-G. 1040 ez 2010 pdf If you file Form 1040, use the State and Local Income Tax Refund Worksheet in the 2013 Form 1040 instructions for line 10 to figure the amount (if any) to include in your income. 1040 ez 2010 pdf See Publication 525 for when you must use another worksheet. 1040 ez 2010 pdf   If you could choose to deduct for a tax year either: State and local income taxes, or State and local general sales taxes, then the maximum refund that you may have to include in income is limited to the excess of the tax you chose to deduct for that year over the tax you did not choose to deduct for that year. 1040 ez 2010 pdf For examples, see Publication 525. 1040 ez 2010 pdf Mortgage interest refund. 1040 ez 2010 pdf    If you received a refund or credit in 2013 of mortgage interest paid in an earlier year, the amount should be shown in box 3 of your Form 1098, Mortgage Interest Statement. 1040 ez 2010 pdf Do not subtract the refund amount from the interest you paid in 2013. 1040 ez 2010 pdf You may have to include it in your income under the rules explained in the following discussions. 1040 ez 2010 pdf Interest on recovery. 1040 ez 2010 pdf   Interest on any of the amounts you recover must be reported as interest income in the year received. 1040 ez 2010 pdf For example, report any interest you received on state or local income tax refunds on Form 1040, line 8a. 1040 ez 2010 pdf Recovery and expense in same year. 1040 ez 2010 pdf   If the refund or other recovery and the expense occur in the same year, the recovery reduces the deduction or credit and is not reported as income. 1040 ez 2010 pdf Recovery for 2 or more years. 1040 ez 2010 pdf   If you receive a refund or other recovery that is for amounts you paid in 2 or more separate years, you must allocate, on a pro rata basis, the recovered amount between the years in which you paid it. 1040 ez 2010 pdf This allocation is necessary to determine the amount of recovery from any earlier years and to determine the amount, if any, of your allowable deduction for this item for the current year. 1040 ez 2010 pdf For information on how to compute the allocation, see Recoveries in Publication 525. 1040 ez 2010 pdf Itemized Deduction Recoveries If you recover any amount that you deducted in an earlier year on Schedule A (Form 1040), you generally must include the full amount of the recovery in your income in the year you receive it. 1040 ez 2010 pdf Where to report. 1040 ez 2010 pdf   Enter your state or local income tax refund on Form 1040, line 10, and the total of all other recoveries as other income on Form 1040, line 21. 1040 ez 2010 pdf You cannot use Form 1040A or Form 1040EZ. 1040 ez 2010 pdf Standard deduction limit. 1040 ez 2010 pdf   You generally are allowed to claim the standard deduction if you do not itemize your deductions. 1040 ez 2010 pdf Only your itemized deductions that are more than your standard deduction are subject to the recovery rule (unless you are required to itemize your deductions). 1040 ez 2010 pdf If your total deductions on the earlier year return were not more than your income for that year, include in your income this year the lesser of: Your recoveries, or The amount by which your itemized deductions exceeded the standard deduction. 1040 ez 2010 pdf Example. 1040 ez 2010 pdf For 2012, you filed a joint return. 1040 ez 2010 pdf Your taxable income was $60,000 and you were not entitled to any tax credits. 1040 ez 2010 pdf Your standard deduction was $11,900, and you had itemized deductions of $14,000. 1040 ez 2010 pdf In 2013, you received the following recoveries for amounts deducted on your 2012 return: Medical expenses $200 State and local income tax refund 400 Refund of mortgage interest 325 Total recoveries $925 None of the recoveries were more than the deductions taken for 2012. 1040 ez 2010 pdf The difference between the state and local income tax you deducted and your local general sales tax was more than $400. 1040 ez 2010 pdf Your total recoveries are less than the amount by which your itemized deductions exceeded the standard deduction ($14,000 − 11,900 = $2,100), so you must include your total recoveries in your income for 2013. 1040 ez 2010 pdf Report the state and local income tax refund of $400 on Form 1040, line 10, and the balance of your recoveries, $525, on Form 1040, line 21. 1040 ez 2010 pdf Standard deduction for earlier years. 1040 ez 2010 pdf   To determine if amounts recovered in 2013 must be included in your income, you must know the standard deduction for your filing status for the year the deduction was claimed. 1040 ez 2010 pdf Look in the instructions for your tax return from prior years to locate the standard deduction for the filing status for that prior year. 1040 ez 2010 pdf Example. 1040 ez 2010 pdf You filed a joint return on Form 1040 for 2012 with taxable income of $45,000. 1040 ez 2010 pdf Your itemized deductions were $12,350. 1040 ez 2010 pdf The standard deduction that you could have claimed was $11,900. 1040 ez 2010 pdf In 2013, you recovered $2,100 of your 2012 itemized deductions. 1040 ez 2010 pdf None of the recoveries were more than the actual deductions for 2012. 1040 ez 2010 pdf Include $450 of the recoveries in your 2013 income. 1040 ez 2010 pdf This is the smaller of your recoveries ($2,100) or the amount by which your itemized deductions were more than the standard deduction ($12,350 − $11,900 = $450). 1040 ez 2010 pdf Recovery limited to deduction. 1040 ez 2010 pdf   You do not include in your income any amount of your recovery that is more than the amount you deducted in the earlier year. 1040 ez 2010 pdf The amount you include in your income is limited to the smaller of: The amount deducted on Schedule A (Form 1040), or The amount recovered. 1040 ez 2010 pdf Example. 1040 ez 2010 pdf During 2012 you paid $1,700 for medical expenses. 1040 ez 2010 pdf From this amount you subtracted $1,500, which was 7. 1040 ez 2010 pdf 5% of your adjusted gross income. 1040 ez 2010 pdf Your actual medical expense deduction was $200. 1040 ez 2010 pdf In 2013, you received a $500 reimbursement from your medical insurance for your 2012 expenses. 1040 ez 2010 pdf The only amount of the $500 reimbursement that must be included in your income for 2013 is $200—the amount actually deducted. 1040 ez 2010 pdf Other recoveries. 1040 ez 2010 pdf   See Recoveries in Publication 525 if: You have recoveries of items other than itemized deductions, or You received a recovery for an item for which you claimed a tax credit (other than investment credit or foreign tax credit) in a prior year. 1040 ez 2010 pdf Rents from Personal Property If you rent out personal property, such as equipment or vehicles, how you report your income and expenses is in most cases determined by: Whether or not the rental activity is a business, and Whether or not the rental activity is conducted for profit. 1040 ez 2010 pdf In most cases, if your primary purpose is income or profit and you are involved in the rental activity with continuity and regularity, your rental activity is a business. 1040 ez 2010 pdf See Publication 535, Business Expenses, for details on deducting expenses for both business and not-for-profit activities. 1040 ez 2010 pdf Reporting business income and expenses. 1040 ez 2010 pdf    If you are in the business of renting personal property, report your income and expenses on Schedule C or Schedule C-EZ (Form 1040). 1040 ez 2010 pdf The form instructions have information on how to complete them. 1040 ez 2010 pdf Reporting nonbusiness income. 1040 ez 2010 pdf   If you are not in the business of renting personal property, report your rental income on Form 1040, line 21. 1040 ez 2010 pdf List the type and amount of the income on the dotted line next to line 21. 1040 ez 2010 pdf Reporting nonbusiness expenses. 1040 ez 2010 pdf   If you rent personal property for profit, include your rental expenses in the total amount you enter on Form 1040, line 36. 1040 ez 2010 pdf Also enter the amount and “PPR” on the dotted line next to line 36. 1040 ez 2010 pdf   If you do not rent personal property for profit, your deductions are limited and you cannot report a loss to offset other income. 1040 ez 2010 pdf See Activity not for profit , under Other Income, later. 1040 ez 2010 pdf Repayments If you had to repay an amount that you included in your income in an earlier year, you may be able to deduct the amount repaid from your income for the year in which you repaid it. 1040 ez 2010 pdf Or, if the amount you repaid is more than $3,000, you may be able to take a credit against your tax for the year in which you repaid it. 1040 ez 2010 pdf Generally, you can claim a deduction or credit only if the repayment qualifies as an expense or loss incurred in your trade or business or in a for-profit transaction. 1040 ez 2010 pdf Type of deduction. 1040 ez 2010 pdf   The type of deduction you are allowed in the year of repayment depends on the type of income you included in the earlier year. 1040 ez 2010 pdf You generally deduct the repayment on the same form or schedule on which you previously reported it as income. 1040 ez 2010 pdf For example, if you reported it as self-employment income, deduct it as a business expense on Schedule C or Schedule C-EZ (Form 1040) or Schedule F (Form 1040). 1040 ez 2010 pdf If you reported it as a capital gain, deduct it as a capital loss as explained in the Instructions for Schedule D (Form 1040). 1040 ez 2010 pdf If you reported it as wages, unemployment compensation, or other nonbusiness income, deduct it as a miscellaneous itemized deduction on Schedule A (Form 1040). 1040 ez 2010 pdf Repaid social security benefits. 1040 ez 2010 pdf   If you repaid social security benefits or equivalent railroad retirement benefits, see Repayment of benefits in chapter 11. 1040 ez 2010 pdf Repayment of $3,000 or less. 1040 ez 2010 pdf   If the amount you repaid was $3,000 or less, deduct it from your income in the year you repaid it. 1040 ez 2010 pdf If you must deduct it as a miscellaneous itemized deduction, enter it on Schedule A (Form 1040), line 23. 1040 ez 2010 pdf Repayment over $3,000. 1040 ez 2010 pdf   If the amount you repaid was more than $3,000, you can deduct the repayment (as explained under Type of deduction , earlier). 1040 ez 2010 pdf However, you can choose instead to take a tax credit for the year of repayment if you included the income under a claim of right. 1040 ez 2010 pdf This means that at the time you included the income, it appeared that you had an unrestricted right to it. 1040 ez 2010 pdf If you qualify for this choice, figure your tax under both methods and compare the results. 1040 ez 2010 pdf Use the method (deduction or credit) that results in less tax. 1040 ez 2010 pdf When determining whether the amount you repaid was more or less than $3,000, consider the total amount being repaid on the return. 1040 ez 2010 pdf Each instance of repayment is not considered separately. 1040 ez 2010 pdf Method 1. 1040 ez 2010 pdf   Figure your tax for 2013 claiming a deduction for the repaid amount. 1040 ez 2010 pdf If you must deduct it as a miscellaneous itemized deduction, enter it on Schedule A (Form 1040), line 28. 1040 ez 2010 pdf Method 2. 1040 ez 2010 pdf   Figure your tax for 2013 claiming a credit for the repaid amount. 1040 ez 2010 pdf Follow these steps. 1040 ez 2010 pdf Figure your tax for 2013 without deducting the repaid amount. 1040 ez 2010 pdf Refigure your tax from the earlier year without including in income the amount you repaid in 2013. 1040 ez 2010 pdf Subtract the tax in (2) from the tax shown on your return for the earlier year. 1040 ez 2010 pdf This is the credit. 1040 ez 2010 pdf Subtract the answer in (3) from the tax for 2013 figured without the deduction (Step 1). 1040 ez 2010 pdf   If method 1 results in less tax, deduct the amount repaid. 1040 ez 2010 pdf If method 2 results in less tax, claim the credit figured in (3) above on Form 1040, line 71, by adding the amount of the credit to any other credits on this line, and entering “I. 1040 ez 2010 pdf R. 1040 ez 2010 pdf C. 1040 ez 2010 pdf 1341” in the column to the right of line 71. 1040 ez 2010 pdf   An example of this computation can be found in Publication 525. 1040 ez 2010 pdf Repaid wages subject to social security and Medicare taxes. 1040 ez 2010 pdf   If you had to repay an amount that you included in your wages or compensation in an earlier year on which social security, Medicare, or tier 1 RRTA taxes were paid, ask your employer to refund the excess amount to you. 1040 ez 2010 pdf If the employer refuses to refund the taxes, ask for a statement indicating the amount of the overcollection to support your claim. 1040 ez 2010 pdf File a claim for refund using Form 843, Claim for Refund and Request for Abatement. 1040 ez 2010 pdf Repaid wages subject to Additional Medicare Tax. 1040 ez 2010 pdf   Employers cannot make an adjustment or file a claim for refund for Additional Medicare Tax withholding when there is a repayment of wages received by an employee in a prior year because the employee determines liability for Additional Medicare Tax on the employee's income tax return for the prior year. 1040 ez 2010 pdf If you had to repay an amount that you included in your wages or compensation in an earlier year, and on which Additional Medicare Tax was paid, you may be able to recover the Additional Medicare Tax paid on the amount. 1040 ez 2010 pdf To recover Additional Medicare Tax on the repaid wages or compensation, you must file Form 1040X, Amended U. 1040 ez 2010 pdf S. 1040 ez 2010 pdf Individual Income Tax Return, for the prior year in which the wages or compensation were originally received. 1040 ez 2010 pdf See the Instructions for Form 1040X. 1040 ez 2010 pdf Royalties Royalties from copyrights, patents, and oil, gas, and mineral properties are taxable as ordinary income. 1040 ez 2010 pdf In most cases you report royalties in Part I of Schedule E (Form 1040). 1040 ez 2010 pdf However, if you hold an operating oil, gas, or mineral interest or are in business as a self-employed writer, inventor, artist, etc. 1040 ez 2010 pdf , report your income and expenses on Schedule C or Schedule C-EZ (Form 1040). 1040 ez 2010 pdf Copyrights and patents. 1040 ez 2010 pdf   Royalties from copyrights on literary, musical, or artistic works, and similar property, or from patents on inventions, are amounts paid to you for the right to use your work over a specified period of time. 1040 ez 2010 pdf Royalties generally are based on the number of units sold, such as the number of books, tickets to a performance, or machines sold. 1040 ez 2010 pdf Oil, gas, and minerals. 1040 ez 2010 pdf   Royalty income from oil, gas, and mineral properties is the amount you receive when natural resources are extracted from your property. 1040 ez 2010 pdf The royalties are based on units, such as barrels, tons, etc. 1040 ez 2010 pdf , and are paid to you by a person or company who leases the property from you. 1040 ez 2010 pdf Depletion. 1040 ez 2010 pdf   If you are the owner of an economic interest in mineral deposits or oil and gas wells, you can recover your investment through the depletion allowance. 1040 ez 2010 pdf For information on this subject, see chapter 9 of Publication 535. 1040 ez 2010 pdf Coal and iron ore. 1040 ez 2010 pdf   Under certain circumstances, you can treat amounts you receive from the disposal of coal and iron ore as payments from the sale of a capital asset, rather than as royalty income. 1040 ez 2010 pdf For information about gain or loss from the sale of coal and iron ore, see Publication 544. 1040 ez 2010 pdf Sale of property interest. 1040 ez 2010 pdf   If you sell your complete interest in oil, gas, or mineral rights, the amount you receive is considered payment for the sale of property used in a trade or business under section 1231, not royalty income. 1040 ez 2010 pdf Under certain circumstances, the sale is subject to capital gain or loss treatment as explained in the Instructions for Schedule D (Form 1040). 1040 ez 2010 pdf For more information on selling section 1231 property, see chapter 3 of Publication 544. 1040 ez 2010 pdf   If you retain a royalty, an overriding royalty, or a net profit interest in a mineral property for the life of the property, you have made a lease or a sublease, and any cash you receive for the assignment of other interests in the property is ordinary income subject to a depletion allowance. 1040 ez 2010 pdf Part of future production sold. 1040 ez 2010 pdf   If you own mineral property but sell part of the future production, in most cases you treat the money you receive from the buyer at the time of the sale as a loan from the buyer. 1040 ez 2010 pdf Do not include it in your income or take depletion based on it. 1040 ez 2010 pdf   When production begins, you include all the proceeds in your income, deduct all the production expenses, and deduct depletion from that amount to arrive at your taxable income from the property. 1040 ez 2010 pdf Unemployment Benefits The tax treatment of unemployment benefits you receive depends on the type of program paying the benefits. 1040 ez 2010 pdf Unemployment compensation. 1040 ez 2010 pdf   You must include in income all unemployment compensation you receive. 1040 ez 2010 pdf You should receive a Form 1099-G showing in box 1 the total unemployment compensation paid to you. 1040 ez 2010 pdf In most cases, you enter unemployment compensation on line 19 of Form 1040, line 13 of Form 1040A, or line 3 of Form 1040EZ. 1040 ez 2010 pdf Types of unemployment compensation. 1040 ez 2010 pdf   Unemployment compensation generally includes any amount received under an unemployment compensation law of the United States or of a state. 1040 ez 2010 pdf It includes the following benefits. 1040 ez 2010 pdf Benefits paid by a state or the District of Columbia from the Federal Unemployment Trust Fund. 1040 ez 2010 pdf State unemployment insurance benefits. 1040 ez 2010 pdf Railroad unemployment compensation benefits. 1040 ez 2010 pdf Disability payments from a government program paid as a substitute for unemployment compensation. 1040 ez 2010 pdf (Amounts received as workers' compensation for injuries or illness are not unemployment compensation. 1040 ez 2010 pdf See chapter 5 for more information. 1040 ez 2010 pdf ) Trade readjustment allowances under the Trade Act of 1974. 1040 ez 2010 pdf Unemployment assistance under the Disaster Relief and Emergency Assistance Act. 1040 ez 2010 pdf Unemployment assistance under the Airline Deregulation Act of 1974 Program. 1040 ez 2010 pdf Governmental program. 1040 ez 2010 pdf   If you contribute to a governmental unemployment compensation program and your contributions are not deductible, amounts you receive under the program are not included as unemployment compensation until you recover your contributions. 1040 ez 2010 pdf If you deducted all of your contributions to the program, the entire amount you receive under the program is included in your income. 1040 ez 2010 pdf Repayment of unemployment compensation. 1040 ez 2010 pdf   If you repaid in 2013 unemployment compensation you received in 2013, subtract the amount you repaid from the total amount you received and enter the difference on line 19 of Form 1040, line 13 of Form 1040A, or line 3 of Form 1040EZ. 1040 ez 2010 pdf On the dotted line next to your entry enter “Repaid” and the amount you repaid. 1040 ez 2010 pdf If you repaid unemployment compensation in 2013 that you included in income in an earlier year, you can deduct the amount repaid on Schedule A (Form 1040), line 23, if you itemize deductions. 1040 ez 2010 pdf If the amount is more than $3,000, see Repayments , earlier. 1040 ez 2010 pdf Tax withholding. 1040 ez 2010 pdf   You can choose to have federal income tax withheld from your unemployment compensation. 1040 ez 2010 pdf To make this choice, complete Form W-4V, Voluntary Withholding Request, and give it to the paying office. 1040 ez 2010 pdf Tax will be withheld at 10% of your payment. 1040 ez 2010 pdf    If you do not choose to have tax withheld from your unemployment compensation, you may be liable for estimated tax. 1040 ez 2010 pdf If you do not pay enough tax, either through withholding or estimated tax, or a combination of both, you may have to pay a penalty. 1040 ez 2010 pdf For more information on estimated tax, see chapter 4. 1040 ez 2010 pdf Supplemental unemployment benefits. 1040 ez 2010 pdf   Benefits received from an employer-financed fund (to which the employees did not contribute) are not unemployment compensation. 1040 ez 2010 pdf They are taxable as wages and are subject to withholding for income tax. 1040 ez 2010 pdf They may be subject to social security and Medicare taxes. 1040 ez 2010 pdf For more information, see Supplemental Unemployment Benefits in section 5 of Publication 15-A, Employer's Supplemental Tax Guide. 1040 ez 2010 pdf Report these payments on line 7 of Form 1040 or Form 1040A or on line 1 of Form 1040EZ. 1040 ez 2010 pdf Repayment of benefits. 1040 ez 2010 pdf   You may have to repay some of your supplemental unemployment benefits to qualify for trade readjustment allowances under the Trade Act of 1974. 1040 ez 2010 pdf If you repay supplemental unemployment benefits in the same year you receive them, reduce the total benefits by the amount you repay. 1040 ez 2010 pdf If you repay the benefits in a later year, you must include the full amount of the benefits received in your income for the year you received them. 1040 ez 2010 pdf   Deduct the repayment in the later year as an adjustment to gross income on Form 1040. 1040 ez 2010 pdf (You cannot use Form 1040A or Form 1040EZ. 1040 ez 2010 pdf ) Include the repayment on Form 1040, line 36, and enter “Sub-Pay TRA” and the amount on the dotted line next to line 36. 1040 ez 2010 pdf If the amount you repay in a later year is more than $3,000, you may be able to take a credit against your tax for the later year instead of deducting the amount repaid. 1040 ez 2010 pdf For more information on this, see Repayments , earlier. 1040 ez 2010 pdf Private unemployment fund. 1040 ez 2010 pdf   Unemployment benefit payments from a private (nonunion) fund to which you voluntarily contribute are taxable only if the amounts you receive are more than your total payments into the fund. 1040 ez 2010 pdf Report the taxable amount on Form 1040, line 21. 1040 ez 2010 pdf Payments by a union. 1040 ez 2010 pdf   Benefits paid to you as an unemployed member of a union from regular union dues are included in your income on Form 1040, line 21. 1040 ez 2010 pdf However, if you contribute to a special union fund and your payments to the fund are not deductible, the unemployment benefits you receive from the fund are includible in your income only to the extent they are more than your contributions. 1040 ez 2010 pdf Guaranteed annual wage. 1040 ez 2010 pdf   Payments you receive from your employer during periods of unemployment, under a union agreement that guarantees you full pay during the year, are taxable as wages. 1040 ez 2010 pdf Include them on line 7 of Form 1040 or Form 1040A or on line 1 of Form 1040EZ. 1040 ez 2010 pdf State employees. 1040 ez 2010 pdf   Payments similar to a state's unemployment compensation may be made by the state to its employees who are not covered by the state's unemployment compensation law. 1040 ez 2010 pdf Although the payments are fully taxable, do not report them as unemployment compensation. 1040 ez 2010 pdf Report these payments on Form 1040, line 21. 1040 ez 2010 pdf Welfare and Other Public Assistance Benefits Do not include in your income governmental benefit payments from a public welfare fund based upon need, such as payments to blind individuals under a state public assistance law. 1040 ez 2010 pdf Payments from a state fund for the victims of crime should not be included in the victims' incomes if they are in the nature of welfare payments. 1040 ez 2010 pdf Do not deduct medical expenses that are reimbursed by such a fund. 1040 ez 2010 pdf You must include in your income any welfare payments that are compensation for services or that are obtained fraudulently. 1040 ez 2010 pdf Reemployment Trade Adjustment Assistance (RTAA) payments. 1040 ez 2010 pdf   RTAA payments received from a state must be included in your income. 1040 ez 2010 pdf The state must send you Form 1099-G to advise you of the amount you should include in income. 1040 ez 2010 pdf The amount should be reported on Form 1040, line 21. 1040 ez 2010 pdf Persons with disabilities. 1040 ez 2010 pdf   If you have a disability, you must include in income compensation you receive for services you perform unless the compensation is otherwise excluded. 1040 ez 2010 pdf However, you do not include in income the value of goods, services, and cash that you receive, not in return for your services, but for your training and rehabilitation because you have a disability. 1040 ez 2010 pdf Excludable amounts include payments for transportation and attendant care, such as interpreter services for the deaf, reader services for the blind, and services to help individuals with an intellectual disability do their work. 1040 ez 2010 pdf Disaster relief grants. 1040 ez 2010 pdf    Do not include post-disaster grants received under the Robert T. 1040 ez 2010 pdf Stafford Disaster Relief and Emergency Assistance Act in your income if the grant payments are made to help you meet necessary expenses or serious needs for medical, dental, housing, personal property, transportation, child care, or funeral expenses. 1040 ez 2010 pdf Do not deduct casualty losses or medical expenses that are specifically reimbursed by these disaster relief grants. 1040 ez 2010 pdf If you have deducted a casualty loss for the loss of your personal residence and you later receive a disaster relief grant for the loss of the same residence, you may have to include part or all of the grant in your taxable income. 1040 ez 2010 pdf See Recoveries , earlier. 1040 ez 2010 pdf Unemployment assistance payments under the Act are taxable unemployment compensation. 1040 ez 2010 pdf See Unemployment compensation under Unemployment Benefits, earlier. 1040 ez 2010 pdf Disaster relief payments. 1040 ez 2010 pdf   You can exclude from income any amount you receive that is a qualified disaster relief payment. 1040 ez 2010 pdf A qualified disaster relief payment is an amount paid to you: To reimburse or pay reasonable and necessary personal, family, living, or funeral expenses that result from a qualified disaster; To reimburse or pay reasonable and necessary expenses incurred for the repair or rehabilitation of your home or repair or replacement of its contents to the extent it is due to a qualified disaster; By a person engaged in the furnishing or sale of transportation as a common carrier because of the death or personal physical injuries incurred as a result of a qualified disaster; or By a federal, state, or local government, or agency, or instrumentality in connection with a qualified disaster in order to promote the general welfare. 1040 ez 2010 pdf You can exclude this amount only to the extent any expense it pays for is not paid for by insurance or otherwise. 1040 ez 2010 pdf The exclusion does not apply if you were a participant or conspirator in a terrorist action or a representative of one. 1040 ez 2010 pdf   A qualified disaster is: A disaster which results from a terrorist or military action; A federally declared disaster; or A disaster which results from an accident involving a common carrier, or from any other event, which is determined to be catastrophic by the Secretary of the Treasury or his or her delegate. 1040 ez 2010 pdf   For amounts paid under item (4), a disaster is qualified if it is determined by an applicable federal, state, or local authority to warrant assistance from the federal, state, or local government, agency, or instrumentality. 1040 ez 2010 pdf Disaster mitigation payments. 1040 ez 2010 pdf   You also can exclude from income any amount you receive that is a qualified disaster mitigation payment. 1040 ez 2010 pdf Qualified disaster mitigation payments are also most commonly paid to you in the period immediately following damage to property as a result of a natural disaster. 1040 ez 2010 pdf However, disaster mitigation payments are used to mitigate (reduce the severity of) potential damage from future natural disasters. 1040 ez 2010 pdf They are paid to you through state and local governments based on the provisions of the Robert T. 1040 ez 2010 pdf Stafford Disaster Relief and Emergency Assistance Act or the National Flood Insurance Act. 1040 ez 2010 pdf   You cannot increase the basis or adjusted basis of your property for improvements made with nontaxable disaster mitigation payments. 1040 ez 2010 pdf Home Affordable Modification Program (HAMP). 1040 ez 2010 pdf   If you benefit from Pay-for-Performance Success Payments under HAMP, the payments are not taxable. 1040 ez 2010 pdf Mortgage assistance payments under section 235 of the National Housing Act. 1040 ez 2010 pdf   Payments made under section 235 of the National Housing Act for mortgage assistance are not included in the homeowner's income. 1040 ez 2010 pdf Interest paid for the homeowner under the mortgage assistance program cannot be deducted. 1040 ez 2010 pdf Medicare. 1040 ez 2010 pdf   Medicare benefits received under title XVIII of the Social Security Act are not includible in the gross income of the individuals for whom they are paid. 1040 ez 2010 pdf This includes basic (part A (Hospital Insurance Benefits for the Aged)) and supplementary (part B (Supplementary Medical Insurance Benefits for the Aged)). 1040 ez 2010 pdf Old-age, survivors, and disability insurance benefits (OASDI). 1040 ez 2010 pdf   Generally, OASDI payments under section 202 of title II of the Social Security Act are not includible in the gross income of the individuals to whom they are paid. 1040 ez 2010 pdf This applies to old-age insurance benefits, and insurance benefits for wives, husbands, children, widows, widowers, mothers and fathers, and parents, as well as the lump-sum death payment. 1040 ez 2010 pdf Nutrition Program for the Elderly. 1040 ez 2010 pdf    Food benefits you receive under the Nutrition Program for the Elderly are not taxable. 1040 ez 2010 pdf If you prepare and serve free meals for the program, include in your income as wages the cash pay you receive, even if you are also eligible for food benefits. 1040 ez 2010 pdf Payments to reduce cost of winter energy. 1040 ez 2010 pdf   Payments made by a state to qualified people to reduce their cost of winter energy use are not taxable. 1040 ez 2010 pdf Other Income The following brief discussions are arranged in alphabetical order. 1040 ez 2010 pdf Other income items briefly discussed below are referenced to publications which provide more topical information. 1040 ez 2010 pdf Activity not for profit. 1040 ez 2010 pdf   You must include on your return income from an activity from which you do not expect to make a profit. 1040 ez 2010 pdf An example of this type of activity is a hobby or a farm you operate mostly for recreation and pleasure. 1040 ez 2010 pdf Enter this income on Form 1040, line 21. 1040 ez 2010 pdf Deductions for expenses related to the activity are limited. 1040 ez 2010 pdf They cannot total more than the income you report and can be taken only if you itemize deductions on Schedule A (Form 1040). 1040 ez 2010 pdf See Not-for-Profit Activities in chapter 1 of Publication 535 for information on whether an activity is considered carried on for a profit. 1040 ez 2010 pdf Alaska Permanent Fund dividend. 1040 ez 2010 pdf   If you received a payment from Alaska's mineral income fund (Alaska Permanent Fund dividend), report it as income on line 21 of Form 1040, line 13 of Form 1040A, or line 3 of Form 1040EZ. 1040 ez 2010 pdf The state of Alaska sends each recipient a document that shows the amount of the payment with the check. 1040 ez 2010 pdf The amount also is reported to IRS. 1040 ez 2010 pdf Alimony. 1040 ez 2010 pdf   Include in your income on Form 1040, line 11, any alimony payments you receive. 1040 ez 2010 pdf Amounts you receive for child support are not income to you. 1040 ez 2010 pdf Alimony and child support payments are discussed in chapter 18. 1040 ez 2010 pdf Bribes. 1040 ez 2010 pdf   If you receive a bribe, include it in your income. 1040 ez 2010 pdf Campaign contributions. 1040 ez 2010 pdf   These contributions are not income to a candidate unless they are diverted to his or her personal use. 1040 ez 2010 pdf To be exempt from tax, the contributions must be spent for campaign purposes or kept in a fund for use in future campaigns. 1040 ez 2010 pdf However, interest earned on bank deposits, dividends received on contributed securities, and net gains realized on sales of contributed securities are taxable and must be reported on Form 1120-POL, U. 1040 ez 2010 pdf S. 1040 ez 2010 pdf Income Tax Return for Certain Political Organizations. 1040 ez 2010 pdf Excess campaign funds transferred to an office account must be included in the officeholder's income on Form 1040, line 21, in the year transferred. 1040 ez 2010 pdf Car pools. 1040 ez 2010 pdf   Do not include in your income amounts you receive from the passengers for driving a car in a car pool to and from work. 1040 ez 2010 pdf These amounts are considered reimbursement for your expenses. 1040 ez 2010 pdf However, this rule does not apply if you have developed car pool arrangements into a profit-making business of transporting workers for hire. 1040 ez 2010 pdf Cash rebates. 1040 ez 2010 pdf   A cash rebate you receive from a dealer or manufacturer of an item you buy is not income, but you must reduce your basis by the amount of the rebate. 1040 ez 2010 pdf Example. 1040 ez 2010 pdf You buy a new car for $24,000 cash and receive a $2,000 rebate check from the manufacturer. 1040 ez 2010 pdf The $2,000 is not income to you. 1040 ez 2010 pdf Your basis in the car is $22,000. 1040 ez 2010 pdf This is the basis on which you figure gain or loss if you sell the car and depreciation if you use it for business. 1040 ez 2010 pdf Casualty insurance and other reimbursements. 1040 ez 2010 pdf   You generally should not report these reimbursements on your return unless you are figuring gain or loss from the casualty or theft. 1040 ez 2010 pdf See chapter 25 for more information. 1040 ez 2010 pdf Child support payments. 1040 ez 2010 pdf   You should not report these payments on your return. 1040 ez 2010 pdf See chapter 18 for more information. 1040 ez 2010 pdf Court awards and damages. 1040 ez 2010 pdf   To determine if settlement amounts you receive by compromise or judgment must be included in your income, you must consider the item that the settlement replaces. 1040 ez 2010 pdf The character of the income as ordinary income or capital gain depends on the nature of the underlying claim. 1040 ez 2010 pdf Include the following as ordinary income. 1040 ez 2010 pdf Interest on any award. 1040 ez 2010 pdf Compensation for lost wages or lost profits in most cases. 1040 ez 2010 pdf Punitive damages, in most cases. 1040 ez 2010 pdf It does not matter if they relate to a physical injury or physical sickness. 1040 ez 2010 pdf Amounts received in settlement of pension rights (if you did not contribute to the plan). 1040 ez 2010 pdf Damages for: Patent or copyright infringement, Breach of contract, or Interference with business operations. 1040 ez 2010 pdf Back pay and damages for emotional distress received to satisfy a claim under title VII of the Civil Rights Act of 1964. 1040 ez 2010 pdf Attorney fees and costs (including contingent fees) where the underlying recovery is included in gross income. 1040 ez 2010 pdf   Do not include in your income compensatory damages for personal physical injury or physical sickness (whether received in a lump sum or installments). 1040 ez 2010 pdf Emotional distress. 1040 ez 2010 pdf   Emotional distress itself is not a physical injury or physical sickness, but damages you receive for emotional distress due to a physical injury or sickness are treated as received for the physical injury or sickness. 1040 ez 2010 pdf Do not include them in your income. 1040 ez 2010 pdf   If the emotional distress is due to a personal injury that is not due to a physical injury or sickness (for example, employment discrimination or injury to reputation), you must include the damages in your income, except for any damages you receive for medical care due to that emotional distress. 1040 ez 2010 pdf Emotional distress includes physical symptoms that result from emotional distress, such as headaches, insomnia, and stomach disorders. 1040 ez 2010 pdf Deduction for costs involved in unlawful discrimination suits. 1040 ez 2010 pdf   You may be able to deduct attorney fees and court costs paid to recover a judgment or settlement for a claim of unlawful discrimination under various provisions of federal, state, and local law listed in Internal Revenue Code section 62(e), a claim against the United States government, or a claim under section 1862(b)(3)(A) of the Social Security Act. 1040 ez 2010 pdf For more information, see Publication 525. 1040 ez 2010 pdf Credit card insurance. 1040 ez 2010 pdf   In most cases, if you receive benefits under a credit card disability or unemployment insurance plan, the benefits are taxable to you. 1040 ez 2010 pdf These plans make the minimum monthly payment on your credit card account if you cannot make the payment due to injury, illness, disability, or unemployment. 1040 ez 2010 pdf Report on Form 1040, line 21, the amount of benefits you received during the year that is more than the amount of the premiums you paid during the year. 1040 ez 2010 pdf Down payment assistance. 1040 ez 2010 pdf   If you purchase a home and receive assistance from a nonprofit corporation to make the down payment, that assistance is not included in your income. 1040 ez 2010 pdf If the corporation qualifies as a tax-exempt charitable organization, the assistance is treated as a gift and is included in your basis of the house. 1040 ez 2010 pdf If the corporation does not qualify, the assistance is treated as a rebate or reduction of the purchase price and is not included in your basis. 1040 ez 2010 pdf Employment agency fees. 1040 ez 2010 pdf   If you get a job through an employment agency, and the fee is paid by your employer, the fee is not includible in your income if you are not liable for it. 1040 ez 2010 pdf However, if you pay it and your employer reimburses you for it, it is includible in your income. 1040 ez 2010 pdf Energy conservation subsidies. 1040 ez 2010 pdf   You can exclude from gross income any subsidy provided, either directly or indirectly, by public utilities for the purchase or installation of an energy conservation measure for a dwelling unit. 1040 ez 2010 pdf Energy conservation measure. 1040 ez 2010 pdf   This includes installations or modifications that are primarily designed to reduce consumption of electricity or natural gas, or improve the management of energy demand. 1040 ez 2010 pdf Dwelling unit. 1040 ez 2010 pdf   This includes a house, apartment, condominium, mobile home, boat, or similar property. 1040 ez 2010 pdf If a building or structure contains both dwelling and other units, any subsidy must be properly allocated. 1040 ez 2010 pdf Estate and trust income. 1040 ez 2010 pdf    An estate or trust, unlike a partnership, may have to pay federal income tax. 1040 ez 2010 pdf If you are a beneficiary of an estate or trust, you may be taxed on your share of its income distributed or required to be distributed to you. 1040 ez 2010 pdf However, there is never a double tax. 1040 ez 2010 pdf Estates and trusts file their returns on Form 1041, U. 1040 ez 2010 pdf S. 1040 ez 2010 pdf Income Tax Return for Estates and Trusts, and your share of the income is reported to you on Schedule K-1 (Form 1041). 1040 ez 2010 pdf Current income required to be distributed. 1040 ez 2010 pdf   If you are the beneficiary of an estate or trust that must distribute all of its current income, you must report your share of the distributable net income, whether or not you actually received it. 1040 ez 2010 pdf Current income not required to be distributed. 1040 ez 2010 pdf    If you are the beneficiary of an estate or trust and the fiduciary has the choice of whether to distribute all or part of the current income, you must report: All income that is required to be distributed to you, whether or not it is actually distributed, plus All other amounts actually paid or credited to you, up to the amount of your share of distributable net income. 1040 ez 2010 pdf How to report. 1040 ez 2010 pdf   Treat each item of income the same way that the estate or trust would treat it. 1040 ez 2010 pdf For example, if a trust's dividend income is distributed to you, you report the distribution as dividend income on your return. 1040 ez 2010 pdf The same rule applies to distributions of tax-exempt interest and capital gains. 1040 ez 2010 pdf   The fiduciary of the estate or trust must tell you the type of items making up your share of the estate or trust income and any credits you are allowed on your individual income tax return. 1040 ez 2010 pdf Losses. 1040 ez 2010 pdf   Losses of estates and trusts generally are not deductible by the beneficiaries. 1040 ez 2010 pdf Grantor trust. 1040 ez 2010 pdf   Income earned by a grantor trust is taxable to the grantor, not the beneficiary, if the grantor keeps certain control over the trust. 1040 ez 2010 pdf (The grantor is the one who transferred property to the trust. 1040 ez 2010 pdf ) This rule applies if the property (or income from the property) put into the trust will or may revert (be returned) to the grantor or the grantor's spouse. 1040 ez 2010 pdf   Generally, a trust is a grantor trust if the grantor has a reversionary interest valued (at the date of transfer) at more than 5% of the value of the transferred property. 1040 ez 2010 pdf Expenses paid by another. 1040 ez 2010 pdf   If your personal expenses are paid for by another person, such as a corporation, the payment may be taxable to you depending upon your relationship with that person and the nature of the payment. 1040 ez 2010 pdf But if the payment makes up for a loss caused by that person, and only restores you to the position you were in before the loss, the payment is not includible in your income. 1040 ez 2010 pdf Fees for services. 1040 ez 2010 pdf   Include all fees for your services in your income. 1040 ez 2010 pdf Examples of these fees are amounts you receive for services you perform as: A corporate director, An executor, administrator, or personal representative of an estate, A manager of a trade or business you operated before declaring Chapter 11 bankruptcy, A notary public, or An election precinct official. 1040 ez 2010 pdf Nonemployee compensation. 1040 ez 2010 pdf   If you are not an employee and the fees for your services from the same payer total $600 or more for the year, you may receive a Form 1099-MISC. 1040 ez 2010 pdf You may need to report your fees as self-employment income. 1040 ez 2010 pdf See Self-Employed Persons , in chapter 1, for a discussion of when you are considered self-employed. 1040 ez 2010 pdf Corporate director. 1040 ez 2010 pdf   Corporate director fees are self-employment income. 1040 ez 2010 pdf Report these payments on Schedule C or Schedule C-EZ (Form 1040). 1040 ez 2010 pdf Personal representatives. 1040 ez 2010 pdf   All personal representatives must include in their gross income fees paid to them from an estate. 1040 ez 2010 pdf If you are not in the trade or business of being an executor (for instance, you are the executor of a friend's or relative's estate), report these fees on Form 1040, line 21. 1040 ez 2010 pdf If you are in the trade or business of being an executor, report these fees as self-employment income on Schedule C or Schedule C-EZ (Form 1040). 1040 ez 2010 pdf The fee is not includible in income if it is waived. 1040 ez 2010 pdf Manager of trade or business for bankruptcy estate. 1040 ez 2010 pdf   Include in your income all payments received from your bankruptcy estate for managing or operating a trade or business that you operated before you filed for bankruptcy. 1040 ez 2010 pdf Report this income on Form 1040, line 21. 1040 ez 2010 pdf Notary public. 1040 ez 2010 pdf    Report payments for these services on Schedule C or Schedule C-EZ (Form 1040). 1040 ez 2010 pdf These payments are not subject to self-employment tax. 1040 ez 2010 pdf See the separate instructions for Schedule SE (Form 1040) for details. 1040 ez 2010 pdf Election precinct official. 1040 ez 2010 pdf    You should receive a Form W-2 showing payments for services performed as an election official or election worker. 1040 ez 2010 pdf Report these payments on line 7 of Form 1040 or Form 1040A or on line 1 of Form 1040EZ. 1040 ez 2010 pdf Foster care providers. 1040 ez 2010 pdf   Payments you receive from a state, political subdivision, or a qualified foster care placement agency for providing care to qualified foster individuals in your home generally are not included in your income. 1040 ez 2010 pdf However, you must include in your income payments received for the care of more than 5 individuals age 19 or older and certain difficulty-of-care payments. 1040 ez 2010 pdf   A qualified foster individual is a person who: Is living in a foster family home, and Was placed there by: An agency of a state or one of its political subdivisions, or A qualified foster care placement agency. 1040 ez 2010 pdf Difficulty-of-care payments. 1040 ez 2010 pdf   These are additional payments that are designated by the payer as compensation for providing the additional care that is required for physically, mentally, or emotionally handicapped qualified foster individuals. 1040 ez 2010 pdf A state must determine that the additional compensation is needed, and the care for which the payments are made must be provided in your home. 1040 ez 2010 pdf   You must include in your income difficulty-of-care payments received for more than: 10 qualified foster individuals under age 19, or 5 qualified foster individuals age 19 or older. 1040 ez 2010 pdf Maintaining space in home. 1040 ez 2010 pdf   If you are paid to maintain space in your home for emergency foster care, you must include the payment in your income. 1040 ez 2010 pdf Reporting taxable payments. 1040 ez 2010 pdf    If you receive payments that you must include in your income, you are in business as a foster care provider and you are self-employed. 1040 ez 2010 pdf Report the payments on Schedule C or Schedule C-EZ (Form 1040). 1040 ez 2010 pdf See Publication 587, Business Use of Your Home, to help you determine the amount you can deduct for the use of your home. 1040 ez 2010 pdf Found property. 1040 ez 2010 pdf   If you find and keep property that does not belong to you that has been lost or abandoned (treasure-trove), it is taxable to you at its fair market value in the first year it is your undisputed possession. 1040 ez 2010 pdf Free tour. 1040 ez 2010 pdf   If you received a free tour from a travel agency for organizing a group of tourists, you must include its value in your income. 1040 ez 2010 pdf Report the fair market value of the tour on Form 1040, line 21, if you are not in the trade or business of organizing tours. 1040 ez 2010 pdf You cannot deduct your expenses in serving as the voluntary leader of the group at the group's request. 1040 ez 2010 pdf If you organize tours as a trade or business, report the tour's value on Schedule C or Schedule C-EZ (Form 1040). 1040 ez 2010 pdf Gambling winnings. 1040 ez 2010 pdf   You must include your gambling winnings in income on Form 1040, line 21. 1040 ez 2010 pdf If you itemize your deductions on Schedule A (Form 1040), you can deduct gambling losses you had during the year, but only up to the amount of your winnings. 1040 ez 2010 pdf Lotteries and raffles. 1040 ez 2010 pdf   Winnings from lotteries and raffles are gambling winnings. 1040 ez 2010 pdf In addition to cash winnings, you must include in your income the fair market value of bonds, cars, houses, and other noncash prizes. 1040 ez 2010 pdf    If you win a state lottery prize payable in installments, see Publication 525 for more information. 1040 ez 2010 pdf Form W-2G. 1040 ez 2010 pdf   You may have received a Form W-2G, Certain Gambling Winnings, showing the amount of your gambling winnings and any tax taken out of them. 1040 ez 2010 pdf Include the amount from box 1 on Form 1040, line 21. 1040 ez 2010 pdf Include the amount shown in box 4 on Form 1040, line 62, as federal income tax withheld. 1040 ez 2010 pdf Reporting winnings and recordkeeping. 1040 ez 2010 pdf   For more information on reporting gam
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The 1040 Ez 2010 Pdf

1040 ez 2010 pdf 8. 1040 ez 2010 pdf   Dividendos y Otras Distribuciones Table of Contents Recordatorio Introduction Useful Items - You may want to see: Información GeneralDividendos no declarados en el Formulario 1099-DIV. 1040 ez 2010 pdf Cómo se le informa del impuesto retenido. 1040 ez 2010 pdf Nominatarios. 1040 ez 2010 pdf Dividendos OrdinariosDividendos Calificados Dividendos Utilizados para la Compra de más Acciones Fondos de Inversión del Mercado Monetario Distribuciones de Ganancias de CapitalAjuste a la base. 1040 ez 2010 pdf Distribuciones que no son DividendosDistribuciones de Liquidación Distribuciones de Acciones y Derechos a Acciones Otras DistribucionesRequisito de declarar ciertos datos. 1040 ez 2010 pdf Tratamiento del impuesto mínimo alternativo. 1040 ez 2010 pdf Cómo Declarar el Ingreso de DividendosDeducción de los intereses de inversiones. 1040 ez 2010 pdf Recordatorio Ingresos de fuentes en el extranjero. 1040 ez 2010 pdf  Si es ciudadano de los Estados Unidos con ingresos por concepto de dividendos de fuentes fuera de los Estados Unidos (ingresos del extranjero), tiene que declarar todos estos ingresos en la declaración de impuestos a menos que sean ingresos exentos por las leyes de los EE. 1040 ez 2010 pdf UU. 1040 ez 2010 pdf Esto es cierto independientemente de si reside dentro o fuera de los EE. 1040 ez 2010 pdf UU. 1040 ez 2010 pdf y si recibe o no el Formulario 1099 de un pagador extranjero. 1040 ez 2010 pdf Introduction Este capítulo explica el trato tributario que se le da a: Dividendos ordinarios, Distribuciones de ganancias de capital, Distribuciones que no sean dividendos y Otras distribuciones que pueda recibir de una sociedad anónima o de un fondo mutuo. 1040 ez 2010 pdf Este capítulo también explica cómo se declara el ingreso de dividendos en su declaración de impuestos. 1040 ez 2010 pdf Los dividendos son distribuciones de dinero, acciones u otras clases de bienes que le paga a usted una sociedad anónima o fondo mutuo. 1040 ez 2010 pdf Puede recibir también dividendos a través de una sociedad colectiva, un caudal hereditario, un fideicomiso o una asociación a la que se le gravan impuestos como a una sociedad anónima. 1040 ez 2010 pdf Sin embargo, algunas cantidades recibidas por usted y denominadas dividendos, son de hecho ingresos de intereses. 1040 ez 2010 pdf Vea Dividendos que en realidad son intereses , bajo Intereses Sujetos a Impuestos, en el capítulo 7. 1040 ez 2010 pdf La mayoría de las distribuciones se pagan en efectivo (o con cheque). 1040 ez 2010 pdf No obstante, las distribuciones pueden consistir en más acciones, derechos de suscripción de acciones u otros bienes o servicios adicionales. 1040 ez 2010 pdf Useful Items - You may want to see: Publicación 514 Foreign Tax Credit for Individuals (Crédito por impuestos del extranjero para personas físicas), en inglés 550 Investment Income and Expenses (Ingresos y gastos de inversiones), en inglés Formulario (e Instrucciones) Anexo B (Formulario 1040A o 1040) Interest and Ordinary Dividends (Intereses y dividendos ordinarios), en inglés Información General Esta sección explica las reglas generales sobre ingresos de dividendos. 1040 ez 2010 pdf Impuesto sobre ingresos no derivados del trabajo de determinados hijos. 1040 ez 2010 pdf   El impuesto sobre una parte del ingreso no derivado del trabajo recibido por un hijo en 2013 puede ser tributado a la tasa impositiva correspondiente de los padres. 1040 ez 2010 pdf Si es así, tiene que completar el Formulario 8615, Tax for Certain Children Who Have Unearned Income (Impuestos para determinados hijos que tienen ingresos no derivados del trabajo), en inglés, y adjuntarlo a la declaración de impuestos del hijo. 1040 ez 2010 pdf Si no es así, no se requiere el Formulario 8615 y los ingresos del menor están sujetos a la tasa impositiva que le corresponde. 1040 ez 2010 pdf       Algunos padres o madres pueden optar por incluir los intereses y dividendos del hijo en la declaración de impuestos del padre o la madre si se cumplen ciertos requisitos. 1040 ez 2010 pdf Si puede, utilice el Formulario 8814, Parents' Election To Report Child's Interest and Dividends (Elección del padre o de la madre de declarar los intereses y dividendos de un hijo), en inglés, para este propósito. 1040 ez 2010 pdf   Si desea obtener más información sobre el impuesto sobre los ingresos no derivados del trabajo de un hijo y la elección de los padres, vea el capítulo 31. 1040 ez 2010 pdf Beneficiario de un caudal hereditario o fideicomiso. 1040 ez 2010 pdf    Los dividendos y otras distribuciones que reciba como beneficiario de un caudal hereditario o de un fideicomiso por lo general se consideran ingresos tributables. 1040 ez 2010 pdf El fiduciario debería enviarle un Anexo K-1 (Formulario 1041), Beneficiary's Share of Income, Deductions, Credits, etc. 1040 ez 2010 pdf (Parte del ingreso, deducciones, créditos, etc. 1040 ez 2010 pdf , de un beneficiario), en inglés. 1040 ez 2010 pdf Su copia del Anexo K-1 (Formulario 1041) e instrucciones le indicarán dónde debe declarar los ingresos en el Formulario 1040. 1040 ez 2010 pdf Número de Seguro Social (SSN, por sus siglas en inglés) o número de identificación de contribuyente individual (ITIN por sus siglas en inglés). 1040 ez 2010 pdf    Tiene que darle su nombre y número de Seguro Social (o su número de identificación de contribuyente individual (ITIN, por sus siglas en inglés)) a toda persona que esté obligada por la ley federal de impuestos a expedir una declaración, un informe u otro documento relacionado con usted. 1040 ez 2010 pdf Esto incluye las entidades que pagan dividendos. 1040 ez 2010 pdf Es posible que tenga que pagar una multa si no le proporciona su número de Seguro Social o su número de identificación de contribuyente individual (ITIN) a la entidad que paga los dividendos. 1040 ez 2010 pdf Para obtener más información sobre los números de Seguro Social y los números de identificación de contribuyente individual, vea Número de Seguro Social en el capítulo 1. 1040 ez 2010 pdf Retención adicional. 1040 ez 2010 pdf   El ingreso de dividendos por lo general no está sujeto a la retención normal. 1040 ez 2010 pdf Sin embargo, podría estar sujeto a la retención adicional de impuestos para asegurar que el impuesto sobre el ingreso sea recaudado sobre ese ingreso. 1040 ez 2010 pdf Conforme a la retención adicional de impuestos, la entidad que paga los dividendos tiene que retener impuestos sobre los ingresos de la cantidad que le paga a usted, aplicándo la tasa de retención correspondiente. 1040 ez 2010 pdf   También puede requerirse una retención adicional de impuestos si el IRS ha determinado que usted ha declarado una cantidad inferior de ingresos de intereses o dividendos de lo que dn verdad recibió. 1040 ez 2010 pdf Para más información, vea Retención Adicional , en el capítulo 4. 1040 ez 2010 pdf Certificado de acciones a nombre de dos o más personas. 1040 ez 2010 pdf   Si dos o más personas tienen acciones de propiedad conjunta, propiedad en tenencia conyugal o propiedad en tenencia común, la parte de los dividendos de las acciones que le corresponde a cada persona está determinada por las leyes locales. 1040 ez 2010 pdf Formulario 1099-DIV. 1040 ez 2010 pdf   La mayoría de las sociedades anónimas y fondos mutuos usan el Formulario 1099-DIV, Dividends and Distributions (Dividendos y distribuciones), en inglés, para informarle de las distribuciones que recibió de ellas durante el año. 1040 ez 2010 pdf Guarde este formulario con su documentación. 1040 ez 2010 pdf No tiene que adjuntar el formulario a su declaración de impuestos. 1040 ez 2010 pdf Dividendos no declarados en el Formulario 1099-DIV. 1040 ez 2010 pdf   Aun si no recibe el Formulario 1099-DIV, tendrá que declarar todos sus ingresos de dividendos sujetos a impuestos. 1040 ez 2010 pdf Por ejemplo, podría recibir acciones repartidas de dividendos de sociedades colectivas o de sociedades anónimas de tipo S. 1040 ez 2010 pdf A usted se le informa de dichos dividendos en el Anexo K-1 (del Formulario 1065), Partner's Share of Income, Deductions, Credits, etc. 1040 ez 2010 pdf (Parte de los ingresos, deducciones, créditos, etc. 1040 ez 2010 pdf , correspondiente al socio), en inglés, y en el Anexo K-1 (del Formulario 1120S), Shareholder's Share of Income, Deductions, Credits, etc. 1040 ez 2010 pdf (Parte de los ingresos, deducciones, créditos, etc. 1040 ez 2010 pdf , correspondiente al accionista), en inglés. 1040 ez 2010 pdf Cómo se le informa del impuesto retenido. 1040 ez 2010 pdf   Si se le retienen impuestos sobre su ingreso de dividendos, el pagador tiene que darle un Formulario 1099-DIV que indica la cantidad retenida. 1040 ez 2010 pdf Nominatarios. 1040 ez 2010 pdf   Si alguien recibe distribuciones como nominatario suyo, esa persona le dará un Formulario 1099-DIV que indicará las distribuciones recibidas en nombre de usted. 1040 ez 2010 pdf Formulario 1099-MISC. 1040 ez 2010 pdf   A usted se le tiene que informar de ciertos pagos sustitutivos en lugar de dividendos o intereses exentos de impuestos que recibe de un agente corredor bursátil en su nombre en el Formulario 1099-MISC, Miscellaneous Income (Ingresos misceláneos), en inglés, o en un documento similar. 1040 ez 2010 pdf Vea Reporting Substitute Payments (Cómo informar de pagos sustitutivos), bajo Short Sales (Ventas a corto al descubierto), en el capítulo 4 de la Publicación 550, en inglés, para más información sobre cómo informar de estos pagos. 1040 ez 2010 pdf Cantidad incorrecta que aparece en un Formulario 1099. 1040 ez 2010 pdf   Si recibe un Formulario 1099 que indica una cantidad incorrecta (u otra información incorrecta), debe pedirle a la persona que le dio el formulario que le envíe otro formulario corregido. 1040 ez 2010 pdf En el nuevo Formulario 1099 que recibirá aparecerá la palabra “ Corrected ” (Corregido). 1040 ez 2010 pdf Dividendos de acciones vendidas. 1040 ez 2010 pdf   Si se venden o intercambian acciones, o si se enajenan de otra manera después de que se declare un dividendo pero antes de ser pagado, el dueño oficial (usualmente la persona a quien se le expide el cheque de dividendos) tiene que incluir el dividendo en sus ingresos. 1040 ez 2010 pdf Dividendos recibidos en enero. 1040 ez 2010 pdf   A usted se le considera que ha recibido un dividendo el 31 de diciembre si un fondo mutuo (u otra compañía de inversiones reglamentada) o una sociedad de inversión inmobiliaria (REIT, por sus siglas en inglés) declara un dividendo (incluyendo todo dividendo que produzca intereses exentos o una distribución de ganancias de capital) en octubre, noviembre o diciembre, pagadero a los accionistas oficiales en una fecha de uno de estos meses, pero que realmente paga el dividendo durante enero del próximo año calendario. 1040 ez 2010 pdf Usted tiene que declarar el dividendo en el año en que fue declarado. 1040 ez 2010 pdf Dividendos Ordinarios Los dividendos ordinarios (sujetos a impuestos) son la distribución más común hecha por una sociedad anónima o un fondo mutuo. 1040 ez 2010 pdf Se pagan usando ingresos y ganancias y son considerados ingresos ordinarios para usted. 1040 ez 2010 pdf Esto significa que no son ganancias de capital. 1040 ez 2010 pdf Puede suponer que todo dividendo que reciba de acciones comunes o preferentes es un dividendo ordinario a menos que la sociedad anónima o el fondo mutuo que efectúa el pago le indique lo contrario. 1040 ez 2010 pdf Los dividendos ordinarios se muestran en el recuadro 1a del Formulario 1099-DIV que usted reciba. 1040 ez 2010 pdf Dividendos Calificados Los dividendos calificados son los dividendos ordinarios sujetos a la misma tasa impositiva máxima del 0%, 15% o 20% que corresponde a las ganancias netas de capital. 1040 ez 2010 pdf Deben indicarse en el recuadro 1b del Formulario 1099-DIV que reciba. 1040 ez 2010 pdf La tasa máxima del impuesto sobre los dividendos calificados es: 0% sobre toda cantidad que de otro modo se le impondrían impuestos a una tasa del 10% o del 15%. 1040 ez 2010 pdf 15% sobre toda cantidad que de otro modo se le impondrían impuestos a tasas mayores de 15%, pero menores de 39. 1040 ez 2010 pdf 6%. 1040 ez 2010 pdf 20% sobre toda cantidad que de otro modo se le impondrían impuestos a una tasa de 39. 1040 ez 2010 pdf 6%. 1040 ez 2010 pdf Para tener derecho a la tasa impositiva máxima, todos los requisitos siguientes tienen que cumplirse: Los dividendos tienen que haber sido pagados por una sociedad anónima estadounidense o una sociedad anónima extranjera calificada. 1040 ez 2010 pdf Vea Sociedad anónima extranjera calificada , más adelante. 1040 ez 2010 pdf Los dividendos no tienen la misma clasificación que aquéllos incluidos más adelante bajo Dividendos que no son dividendos calificados . 1040 ez 2010 pdf Usted cumple el período de tenencia (tema que se explica a continuación). 1040 ez 2010 pdf Período de tenencia. 1040 ez 2010 pdf   Usted tiene que haber tenido las acciones por más de 60 días durante el período de 121 días que comienza 60 días antes de la fecha del ex dividendo. 1040 ez 2010 pdf La fecha del ex dividendo es la primera fecha que sigue a la declaración del dividendo en la cual el comprador de las acciones no tiene derecho a recibir el siguiente pago de dividendos. 1040 ez 2010 pdf En su lugar, el vendedor recibirá el dividendo. 1040 ez 2010 pdf   Cuando cuente el número de días que tuvo las acciones, incluya el día en que enajenó las acciones, pero no el día en que las adquirió. 1040 ez 2010 pdf Vea los ejemplos más adelante. 1040 ez 2010 pdf Excepción para acciones preferentes. 1040 ez 2010 pdf   En el caso de acciones preferentes, tiene que haber tenido las acciones por más de 90 días durante el período de 181 días que comienza 90 días antes de la fecha del ex dividendo, si los dividendos se deben a períodos cuyo total es más de 366 días. 1040 ez 2010 pdf Si los dividendos preferentes se deben a períodos cuyo total es menos de 367 días, les corresponde el período de tenencia del párrafo anterior. 1040 ez 2010 pdf Ejemplo 1. 1040 ez 2010 pdf Usted compró 5,000 acciones ordinarias de la Compañía XYZ el 9 de julio de 2013. 1040 ez 2010 pdf La Compañía XYZ pagó un dividendo en efectivo de 10 centavos por cada acción. 1040 ez 2010 pdf La fecha del ex dividendo fue el 16 de julio de 2013. 1040 ez 2010 pdf El Formulario 1099-DIV de la Compañía XYZ muestra $500 en el recuadro 1a (dividendos ordinarios) y en el recuadro 1b (dividendos calificados). 1040 ez 2010 pdf No obstante, usted vendió las 5,000 acciones el 12 de agosto de 2013. 1040 ez 2010 pdf Tuvo las acciones de la Compañía XYZ por sólo 34 días del período de 121 días (desde el 10 de julio de 2013 hasta el 12 de agosto de 2013). 1040 ez 2010 pdf El período de 121 días comenzó el 17 de mayo de 2013 (60 días antes de la fecha del ex dividendo) y terminó el 14 de septiembre de 2013. 1040 ez 2010 pdf Usted no tiene dividendos calificados de la Compañía XYZ porque tuvo las acciones de la compañía por menos de 61 días. 1040 ez 2010 pdf Ejemplo 2. 1040 ez 2010 pdf Suponga que los hechos son los mismos que en el Ejemplo 1, excepto que compró las acciones el 15 de julio de 2013 (el día antes de la fecha del ex dividendo) y vendió las acciones el 16 de septiembre de 2013. 1040 ez 2010 pdf Usted tuvo las acciones por 63 días (desde el 16 de julio de 2013 hasta el 16 de septiembre de 2013). 1040 ez 2010 pdf Los $500 de dividendos calificados mostrados en el recuadro 1b del Formulario 1099-DIV son en su totalidad dividendos calificados porque tuvo las acciones por 61 días del período de 121 días (desde el 16 de julio de 2013 hasta el 14 de septiembre de 2013). 1040 ez 2010 pdf Ejemplo 3. 1040 ez 2010 pdf Usted compró 10,000 acciones ordinarias del Fondo Mutuo ABC el 9 de julio de 2013. 1040 ez 2010 pdf El Fondo Mutuo ABC pagó un dividendo en efectivo de 10 centavos por cada acción. 1040 ez 2010 pdf La fecha del ex dividendo fue el 16 de julio de 2013. 1040 ez 2010 pdf El Fondo Mutuo ABC le informa que la parte del dividendo que puede ser tratada como dividendos calificados equivale a 2 centavos por cada acción. 1040 ez 2010 pdf El Formulario 1099-DIV del Fondo Mutuo ABC muestra dividendos ordinarios de $1,000 y dividendos calificados de $200. 1040 ez 2010 pdf Sin embargo, usted vendió las 10,000 acciones el 12 de agosto de 2013. 1040 ez 2010 pdf No tiene dividendos calificados del Fondo Mutuo ABC porque tuvo las acciones del Fondo Mutuo ABC menos de 61 días. 1040 ez 2010 pdf Reducción del período de tenencia cuando disminuya el riesgo de pérdida. 1040 ez 2010 pdf   Al determinar si usted cumplió el período mínimo de tenencia del que se habló anteriormente, no puede contar ningún día durante el cual se cumpliera alguna de las situaciones siguientes: Tuvo una opción para vender, estaba bajo obligación por contrato de venta o había hecho (pero no cerrado) una venta al descubierto de acciones o valores sustancialmente iguales. 1040 ez 2010 pdf Era el otorgante (girador) de una opción de compra de acciones o valores bursátiles sustancialmente iguales. 1040 ez 2010 pdf Su riesgo de pérdida disminuye por tener una o más posiciones en bienes sustancialmente iguales o afines. 1040 ez 2010 pdf   Para información sobre cómo aplicar la condición (3), vea la sección 1. 1040 ez 2010 pdf 246-5 de los Reglamentos. 1040 ez 2010 pdf Sociedad anónima extranjera calificada. 1040 ez 2010 pdf   Una sociedad anónima extranjera es una compañía extranjera calificada si cumple alguna de las siguientes condiciones: La sociedad anónima está incorporada (constituida legalmente) en un territorio de los Estados Unidos. 1040 ez 2010 pdf La sociedad anónima reúne los requisitos para recibir los beneficios de un tratado amplio de impuestos sobre el ingreso con los Estados Unidos que el Departamento del Tesoro considere satisfactorio para este propósito y que incluya un programa de intercambio de información. 1040 ez 2010 pdf Para una lista de estos tratados, vea la Tabla 8-1. 1040 ez 2010 pdf La sociedad anónima no cumple las condiciones (1) o (2) anteriores, pero las acciones por las cuales se paga el dividendo son comercializables en un mercado de valores bursátiles establecido en los Estados Unidos. 1040 ez 2010 pdf Vea Acciones comercializables listadas , más adelante. 1040 ez 2010 pdf Excepción. 1040 ez 2010 pdf   Una sociedad anónima no es una sociedad anónima extranjera calificada si es una compañía extranjera de inversiones pasivas durante el año tributario en el cual se pagan los dividendos o durante el año tributario anterior. 1040 ez 2010 pdf Acciones comercializables listadas. 1040 ez 2010 pdf   Todas las acciones (tales como acciones comunes, ordinarias o preferentes) o recibos de depósito estadounidenses respecto a esas acciones, satisfacen el requisito (3), mencionado anteriormente bajo Sociedad anónima extranjera calificada , si se listan (cotizan) en una bolsa de valores nacional que está inscrita conforme a la sección 6 de la Securities Exchange Act (Ley de la Bolsa de Valores) de 1934 o en el Mercado de Valores Nasdaq. 1040 ez 2010 pdf Si desea ver una lista de las bolsas que reúnen estos requisitos, vea www. 1040 ez 2010 pdf sec. 1040 ez 2010 pdf gov/divisions/marketreg/mrexchanges. 1040 ez 2010 pdf shtml, en inglés. 1040 ez 2010 pdf Dividendos que no son dividendos calificados. 1040 ez 2010 pdf   Los dividendos enumerados a continuación no son dividendos calificados. 1040 ez 2010 pdf No son dividendos calificados aunque se encuentren indicados en el recuadro 1b del Formulario 1099-DIV. 1040 ez 2010 pdf Distribuciones de ganancias de capital. 1040 ez 2010 pdf Dividendos pagados sobre depósitos en cajas mutuas de ahorros, bancos cooperativos, cooperativas de crédito, asociaciones de crédito a la construcción estadounidenses, asociaciones de préstamo y ahorro estadounidenses, asociaciones federales de préstamo y ahorro e instituciones financieras similares. 1040 ez 2010 pdf Declare estos ingresos como ingreso de intereses. 1040 ez 2010 pdf Dividendos de una sociedad anónima que es una organización exenta de impuestos o una cooperativa agrícola durante el año tributario de la sociedad anónima en el cual se pagaron los dividendos o durante el año tributable anterior de la sociedad anónima. 1040 ez 2010 pdf Dividendos pagados por una sociedad anónima sobre valores bursátiles del empleador tenidos en la fecha de registro por un plan de compra de acciones para empleados (ESOP, por sus siglas en inglés) mantenido por esa sociedad anónima. 1040 ez 2010 pdf Dividendos sobre acciones hasta el punto que usted esté obligado (ya sea por venta al descubierto o de otra manera) a hacer pagos afines por posiciones en bienes sustancialmente similares o relacionados. 1040 ez 2010 pdf Pagos en lugar de dividendos, pero sólo si usted sabe o tiene razón de saber que los pagos no son dividendos calificados. 1040 ez 2010 pdf Pagos mostrados en el recuadro 1b del Formulario 1099-DIV, provenientes de una sociedad anónima extranjera hasta el punto que usted sepa o tenga razón de saber que los pagos no son dividendos calificados. 1040 ez 2010 pdf Tabla 8-1. 1040 ez 2010 pdf Tratados de Impuestos sobre los Ingresos Los tratados de impuestos sobre los ingresos que los Estados Unidos tiene con los siguientes países cumplen la condición (2) bajo Sociedad anónima extranjera calificada. 1040 ez 2010 pdf       Australia India Reino Austria Indonesia Unido Alemania Irlanda República Bangladesh Islandia Checa Barbados Israel República Bélgica Italia Eslovaca Bulgaria Jamaica Rumania Canadá Japón Sri Lanka China Kazajstán Suecia Chipre Letonia Suiza Corea Lituania Sudáfrica Dinamarca Luxemburgo Tailandia Egipto Malta Trinidad y Eslovenia Marruecos Tobago España México Túnez Estonia Noruega Turquía Federación Nueva Ucrania Rusa Zelandia Venezuela Filipinas Países Bajos (Holanda)   Finlandia Paquistán   Francia Polonia   Grecia Portugal   Hungría       Dividendos Utilizados para la Compra de más Acciones La sociedad anónima en la cual usted tiene acciones podría tener un plan para la reinversión de dividendos. 1040 ez 2010 pdf Tales planes le permiten optar por el uso de sus dividendos para comprar (por medio de un agente) más acciones en la sociedad anónima en vez de recibir los dividendos en efectivo. 1040 ez 2010 pdf La mayoría de los fondos de inversión también permiten a los accionistas reinvertir automáticamente las distribuciones para comprar más acciones en el fondo en lugar de recibir dinero en efectivo. 1040 ez 2010 pdf Si utiliza los dividendos para comprar más acciones al precio justo de mercado, todavía tiene que declarar los dividendos como ingreso. 1040 ez 2010 pdf Si es miembro de un plan de reinversión de dividendos que le permite comprar más acciones a un precio menor del precio justo de mercado, tiene que declarar como ingreso de dividendos el valor justo de mercado de las acciones adicionales el día del pago de los dividendos. 1040 ez 2010 pdf También tiene que declarar como ingreso de dividendos todos los cargos por servicios restados de sus dividendos en efectivo antes de que los dividendos sean utilizados para comprar acciones adicionales. 1040 ez 2010 pdf Pero tal vez pueda deducir el cargo por servicios. 1040 ez 2010 pdf Vea el capítulo 28 para más información sobre la deducción de gastos relativos a la producción de ingresos. 1040 ez 2010 pdf En algunos planes de reinversión de dividendos, se puede invertir más efectivo para comprar acciones a un precio menor del valor justo de mercado. 1040 ez 2010 pdf Si elige hacer esto, tiene que declarar como ingreso de dividendos la diferencia entre el efectivo que invierte y el valor justo de mercado de las acciones que compra. 1040 ez 2010 pdf Al calcular esta cantidad, utilice el valor justo de mercado de las acciones el día del pago del dividendo. 1040 ez 2010 pdf Fondos de Inversión del Mercado Monetario Declare las cantidades que reciba de fondos de inversión del mercado monetario como ingreso de dividendos. 1040 ez 2010 pdf Los fondos de inversión del mercado monetario son una clase de fondo mutuo y no deben ser confundidos con cuentas bancarias del mercado monetario que pagan intereses. 1040 ez 2010 pdf Distribuciones de Ganancias de Capital Las distribuciones de ganancias de capital (se denominan también dividendos de ganancias de capital) le son pagadas a usted o acreditadas a su cuenta por fondos mutuos (u otras sociedades inversionistas reglamentadas) y sociedades de inversión inmobiliaria (REIT, por sus siglas en inglés). 1040 ez 2010 pdf Estas distribuciones se mostrarán en el recuadro 2a del Formulario 1099-DIV que recibe del fondo mutuo o de la sociedad de inversión inmobiliaria. 1040 ez 2010 pdf Declare las distribuciones de ganancias de capital como ganancias de capital a largo plazo independientemente de cuánto tiempo usted haya tenido las acciones en el fondo mutuo o en la sociedad de inversión inmobiliaria. 1040 ez 2010 pdf Ganancias de capital no distribuidas provenientes de fondos mutuos y sociedades de inversión inmobiliaria. 1040 ez 2010 pdf    Algunos fondos mutuos y sociedades de inversión inmobiliaria retienen sus ganancias de capital a largo plazo y pagan impuesto sobre ellas. 1040 ez 2010 pdf Tiene que tratar su parte de estas ganancias como distribuciones, aunque en realidad no las reciba. 1040 ez 2010 pdf Sin embargo, éstas no se incluyen en el Formulario 1099-DIV. 1040 ez 2010 pdf En lugar de esto, a usted se le informa de dichas ganancias en el recuadro 1a del Formulario 2439 (en inglés). 1040 ez 2010 pdf   Declare las ganancias de capital no distribuidas (recuadro 1a del Formulario 2439) como ganancias de capital a largo plazo en la columna (h) en la línea 11 del Anexo D (Formulario 1040). 1040 ez 2010 pdf   Los impuestos pagados sobre estas ganancias por el fondo mutuo o la sociedad de inversión inmobiliaria se pueden ver en el recuadro 2 del Formulario 2439. 1040 ez 2010 pdf Para que el pago de dichos impuestos se le acredite a usted, anótelos en la línea 71 del Formulario 1040 y marque el recuadro “ a ” en esa línea. 1040 ez 2010 pdf Adjunte la Copia B del Formulario 2439 a su declaración y mantenga la Copia C para sus archivos. 1040 ez 2010 pdf Ajuste a la base. 1040 ez 2010 pdf   Aumente la base del fondo mutuo o sus intereses en una sociedad de inversión inmobiliaria por la diferencia entre la ganancia que declare y la cantidad de impuesto pagado que se le acredite a usted. 1040 ez 2010 pdf Información adicional. 1040 ez 2010 pdf   Para más información sobre el trato dado a las distribuciones de fondos mutuos, vea la Publicación 550, en inglés. 1040 ez 2010 pdf Distribuciones que no son Dividendos Una distribución que no sea en forma de dividendo es una distribución que no se paga de los ingresos y ganancias de una sociedad anónima o un fondo mutuo. 1040 ez 2010 pdf Usted debe recibir un Formulario 1099-DIV u otro estado de cuentas mostrándole la distribución que no sea en forma de dividendo. 1040 ez 2010 pdf En el Formulario 1099-DIV, una distribución que no sea en forma de dividendo se mostrará en el recuadro 3. 1040 ez 2010 pdf Si no recibe tal estado de cuentas, declare la distribución como un dividendo ordinario. 1040 ez 2010 pdf Ajuste a la base. 1040 ez 2010 pdf   Una distribución que no sea en forma de dividendo reduce la base de sus acciones. 1040 ez 2010 pdf No se le gravan impuestos hasta que su base en las acciones se recupere por completo. 1040 ez 2010 pdf Esta parte no sujeta a impuestos también se denomina rendimiento de capital. 1040 ez 2010 pdf Es un rendimiento de la inversión en las acciones de la empresa. 1040 ez 2010 pdf Si compra acciones de una sociedad anónima en lotes diferentes y en diferentes ocasiones y no puede identificar definitivamente las acciones sujetas a las distribuciones que no sean en forma de dividendos, reduzca la base de las acciones que compró primero. 1040 ez 2010 pdf   Cuando la base de las acciones haya sido reducida a cero, declare como una ganancia de capital toda distribución adicional que reciba que no sea en forma de dividendos. 1040 ez 2010 pdf Dependiendo de cuánto tiempo haya tenido las acciones, las declara como una ganancia de capital a largo plazo o como una ganancia de capital a corto plazo. 1040 ez 2010 pdf Vea el tema titulado Período de Tenencia , en el capítulo 14. 1040 ez 2010 pdf Ejemplo. 1040 ez 2010 pdf Usted compró acciones en el año 2000 por $100. 1040 ez 2010 pdf En el año 2003, recibió una distribución que no es dividendo de $80. 1040 ez 2010 pdf No incluyó esta cantidad en su ingreso, pero redujo la base de las acciones a $20. 1040 ez 2010 pdf Recibió una distribución que no es dividendo de $30 en el año 2013. 1040 ez 2010 pdf Los primeros $20 de esta cantidad redujeron su base a cero. 1040 ez 2010 pdf Usted declara los otros $10 como ganancia de capital a largo plazo para el año 2013. 1040 ez 2010 pdf Debe declarar como ganancia de capital a largo plazo toda distribución sobre estas acciones que no sea en forma de dividendo que reciba en los siguientes años. 1040 ez 2010 pdf Distribuciones de Liquidación Las distribuciones de liquidación, a veces conocidas como dividendos de liquidación, son distribuciones que se reciben durante una liquidación parcial o completa de una sociedad anónima. 1040 ez 2010 pdf Estas distribuciones son, por lo menos en parte, un tipo de rendimiento del capital. 1040 ez 2010 pdf Pueden pagarse en uno o más plazos. 1040 ez 2010 pdf Usted recibirá un Formulario 1099-DIV de la sociedad anónima mostrándole la cantidad de una distribución de liquidación en el recuadro 8 ó 9. 1040 ez 2010 pdf Para más información sobre las distribuciones de liquidación, vea el capítulo 1 de la Publicación 550, en inglés. 1040 ez 2010 pdf Distribuciones de Acciones y Derechos a Acciones Las distribuciones hechas por una sociedad anónima de sus propias acciones son comúnmente conocidas como dividendos de acciones. 1040 ez 2010 pdf Los derechos a acciones (también conocidos como “opción de compra de acciones”) son distribuciones hechas por una sociedad anónima de derechos para adquirir acciones de la misma. 1040 ez 2010 pdf Por lo general, los dividendos de acciones y los derechos a acciones no están sujetos a impuestos para usted y no los declara en la declaración de impuestos. 1040 ez 2010 pdf Dividendos de acciones y derechos a acciones sujetos a impuestos. 1040 ez 2010 pdf   Las distribuciones de dividendos de acciones y de derechos a acciones están sujetas a impuestos en su caso si se cumple alguna de las siguientes condiciones: Usted o algún otro accionista tiene la opción de recibir dinero en efectivo u otros bienes en vez de recibir acciones o derechos a acciones. 1040 ez 2010 pdf La distribución les da dinero en efectivo u otra propiedad a algunos accionistas y un aumento en el porcentaje de intereses en los bienes o ingresos y ganancias de la sociedad anónima a otros accionistas. 1040 ez 2010 pdf La distribución se puede convertir en acciones preferentes y tiene el mismo resultado que en el punto (2). 1040 ez 2010 pdf La distribución les da acciones preferentes a algunos accionistas dueños de acciones comunes y les da acciones comunes a otros accionistas dueños de acciones comunes. 1040 ez 2010 pdf La distribución es sobre acciones prefe- rentes. 1040 ez 2010 pdf Sin embargo, la distribución no está sujeta a impuestos si es un aumento en la proporción de conversión de las acciones preferentes convertibles hecho solamente para tener en cuenta un dividendo de acciones, un cambio proporcional en la cantidad de acciones de una sociedad anónima o un suceso similar que de otra manera resultaría en la reducción del derecho de conversión. 1040 ez 2010 pdf   El término “acciones” incluye el derecho de adquirir acciones y el término “accionista” incluye al tenedor de derechos o de valores bursátiles convertibles. 1040 ez 2010 pdf Si usted recibe dividendos de acciones o derechos a acciones sujetos a impuesto, incluya en sus ingresos el valor justo de mercado en la fecha de distribución. 1040 ez 2010 pdf Acciones preferentes rescatables por una prima. 1040 ez 2010 pdf   Si tiene acciones preferentes a un precio de rescate más alto que su precio de emisión, la diferencia (la prima de rescate) generalmente está sujeta a impuestos por concepto de una distribución implícita de acciones adicionales sobre acciones preferentes. 1040 ez 2010 pdf Para más información, vea el capítulo 1 de la Publicación 550, en inglés. 1040 ez 2010 pdf Base. 1040 ez 2010 pdf   La base en acciones o derechos a acciones recibidas en una distribución tributable es el valor justo de mercado en el momento que fueron distribuidas. 1040 ez 2010 pdf Si recibe acciones o derechos a acciones que no son tributables a usted, vea el tema titulado Stocks and Bonds (Acciones y bonos) bajo Basis of Investment Property (Base de bienes de inversión), en el capítulo 4 de la Publicación 550, en inglés, para más información sobre cómo calcular la base. 1040 ez 2010 pdf Acciones fraccionarias. 1040 ez 2010 pdf    Es posible que no posea suficientes acciones en una sociedad anónima para recibir una participación completa de las acciones si la sociedad anónima declara un dividendo de acciones. 1040 ez 2010 pdf Sin embargo, con la aprobación de los accionistas, la sociedad anónima podría establecer un plan mediante el cual las acciones fraccionarias no sean emitidas sino que sean vendidas y las ganancias en efectivo se entreguen a los accionistas. 1040 ez 2010 pdf Todo efectivo que reciba por acciones fraccionarias bajo tal clase de plan se considera una cantidad realizada en la venta de las acciones fraccionarias. 1040 ez 2010 pdf Declare esta transacción en el Formulario 8949, Sales and Other Dispositions of Capital Assets (Ventas y otras enajenaciones de bienes de capital), en inglés. 1040 ez 2010 pdf Anote su ganancia o pérdida, la diferencia entre el efectivo que usted recibe y la base de las acciones fraccionarias vendidas en la columna (h) del Anexo D (Formulario 1040) en la Parte I o Parte II, la que corresponda. 1040 ez 2010 pdf    Declare esta transacción en el Formulario 8949 marcando el recuadro correcto. 1040 ez 2010 pdf   Para más información sobre el Formulario 8949 y el Anexo D (Formulario 1040), vea el capítulo 4 de la Publicación 550. 1040 ez 2010 pdf También vea las instrucciones para el Formulario 8949 y las instruccinoes para el Anexo D (Formulario 1040). 1040 ez 2010 pdf Ejemplo. 1040 ez 2010 pdf Usted es dueño de una acción común que compró el 3 de enero de 2004 por $100. 1040 ez 2010 pdf La sociedad anónima declaró un dividendo de acciones comunes del 5% el 29 de junio de 2013. 1040 ez 2010 pdf El valor justo de mercado de las acciones en el momento en que se declaró el dividendo de acciones era $200. 1040 ez 2010 pdf A usted le pagaron $10 por el dividendo de acciones fraccionarias bajo un plan descrito en la sección titulada Acciones fraccionarias. 1040 ez 2010 pdf Usted calcula su ganancia o pérdida de la manera siguiente: Valor justo de mercado de las acciones antiguas $200. 1040 ez 2010 pdf 00 Valor justo de mercado del dividendo de acciones (efectivo recibido) +10. 1040 ez 2010 pdf 00 Valor justo de mercado de las acciones antiguas y del dividendo de acciones $210. 1040 ez 2010 pdf 00 Base (costo) de las acciones antiguas después del dividendo de acciones (($200 ÷ $210) × $100) $95. 1040 ez 2010 pdf 24 Base (costo) del dividendo de acciones (($10 ÷ $210) × $100) + 4. 1040 ez 2010 pdf 76 Total $100. 1040 ez 2010 pdf 00 Efectivo recibido $10. 1040 ez 2010 pdf 00 Base (costo) del dividendo de acciones − 4. 1040 ez 2010 pdf 76 Ganancia $5. 1040 ez 2010 pdf 24 Debido a que había tenido la acción por más de 1 año en el momento en que se declaró el dividendo de acciones, su ganancia en el dividendo de acciones es una ganancia de capital a largo plazo. 1040 ez 2010 pdf Certificado de dividendo diferido. 1040 ez 2010 pdf   Una sociedad anónima que declara un dividendo de acciones podría emitirle a usted un certificado de dividendo de acciones diferido que le da el derecho a acciones fraccionarias. 1040 ez 2010 pdf El certificado no suele estar sujeto a impuestos cuando usted lo recibe. 1040 ez 2010 pdf Si elige que la sociedad anónima venda el certificado por usted y le entregue las ganancias, su ganancia o pérdida es la diferencia entre las ganancias y la parte de su base en las acciones de la sociedad anónima asignada en el certificado. 1040 ez 2010 pdf   No obstante, si recibe un certificado de dividendo de acciones diferido y puede optar por rescatarlo por efectivo en vez de acciones, el certificado está sujeto a impuestos cuando lo reciba. 1040 ez 2010 pdf Tiene que incluir en sus ingresos el valor justo de mercado del certificado en la fecha en que lo recibió. 1040 ez 2010 pdf Otras Distribuciones Usted podría recibir alguna de las siguientes distribuciones durante el año. 1040 ez 2010 pdf Dividendos con intereses exentos. 1040 ez 2010 pdf   Los dividendos que producen intereses exentos de impuestos que recibe de un fondo mutuo u otra compañía de inversiones reglamentada, incluyendo aquellos recibidos de un fondo calificado en cualquier año tributario que comience después del 22 de diciembre del 2010, no se incluyen en los ingresos sujetos a impuestos. 1040 ez 2010 pdf Los dividendos con intereses exentos deben aparecer en el recuadro 10 del Formulario 1099-DIV. 1040 ez 2010 pdf Requisito de declarar ciertos datos. 1040 ez 2010 pdf   Aunque los dividendos con intereses exentos no están sujetos a impuestos, tiene que informar de los mismos en la declaración de impuestos si tiene que presentar una declaración. 1040 ez 2010 pdf Esto es un requisito de declarar datos y no hace que dichos dividendos con intereses exentos se cambien a ingresos sujetos a impuestos. 1040 ez 2010 pdf Tratamiento del impuesto mínimo alternativo. 1040 ez 2010 pdf   Los dividendos que produzcan intereses exentos y que se hayan pagado de bonos de actividad privada especificados podrían estar sujetos al impuesto mínimo alternativo. 1040 ez 2010 pdf Vea el tema titulado Impuesto Mínimo Alternativo (AMT) en el capítulo 30 para más información. 1040 ez 2010 pdf Dividendos de pólizas de seguro. 1040 ez 2010 pdf    Los dividendos de pólizas de seguro que el asegurador retiene y utiliza para pagar sus primas no están sujetos a impuestos. 1040 ez 2010 pdf No obstante, tiene que declarar como ingreso de intereses sujeto a impuestos los intereses que se paguen o acrediten sobre los dividendos dejados con la compañía de seguros. 1040 ez 2010 pdf    Si los dividendos de un contrato de seguros (que no sea un contrato de seguro dotal modificado) le son distribuidos a usted, éstos son una devolución parcial de las primas que usted pagó. 1040 ez 2010 pdf No los incluya en su ingreso bruto hasta que sean mayores al total de todas las primas netas que usted pagó por el contrato. 1040 ez 2010 pdf Declare todas las distribuciones sujetas a impuestos de pólizas de seguro en la línea 21 del Formulario 1040. 1040 ez 2010 pdf Dividendos del seguro para veteranos. 1040 ez 2010 pdf   Los dividendos que reciba de pólizas de seguro para veteranos no están sujetos a impuestos. 1040 ez 2010 pdf Además, los intereses de dividendos dejados en depósito con el Department of Veterans Affairs (Departamento de Asuntos de Veteranos) no están sujetos a impuestos. 1040 ez 2010 pdf Dividendos de patrocinio. 1040 ez 2010 pdf   Generalmente, los dividendos de patrocinio que reciba en dinero de una organización cooperativa están incluidos en sus ingresos. 1040 ez 2010 pdf   No incluya en sus ingresos dividendos de patrocinio que reciba por: Propiedad comprada para uso personal o Bienes de capital o propiedad depreciable comprados para uso en su negocio. 1040 ez 2010 pdf Pero tiene que reducir la base (costo) de los artículos comprados. 1040 ez 2010 pdf Si el dividendo es mayor a la base ajustada de los bienes, deberá declarar el exceso como ingreso. 1040 ez 2010 pdf   Estas reglas son las mismas independientemente de si la cooperativa que paga el dividendo es una cooperativa sujeta a impuestos o no. 1040 ez 2010 pdf Dividendos del Alaska Permanent Fund (Fondo Permanente de Alaska). 1040 ez 2010 pdf    No declare las cantidades que reciba del Alaska Permanent Fund como dividendos. 1040 ez 2010 pdf Declare estas cantidades en la línea 21 del Formulario 1040, la línea 13 del Formulario 1040A o la línea 3 del Formulario 1040EZ. 1040 ez 2010 pdf Cómo Declarar el Ingreso de Dividendos Por lo general, se puede utilizar el Formulario 1040 o el Formulario 1040A para declarar el ingreso de dividendos. 1040 ez 2010 pdf Declare el total de sus dividendos ordinarios en la línea 9a del Formulario 1040 o del Formulario 1040A. 1040 ez 2010 pdf Declare los dividendos calificados en la línea 9b del Formulario 1040 o el Formulario 1040A. 1040 ez 2010 pdf Si recibe una distribución de ganancias de capital, quizás pueda utilizar el Formulario 1040A o quizás tenga que utilizar el Formulario 1040. 1040 ez 2010 pdf Vea Excepciones a la presentación del Formulario 8949 y el Anexo D (Formulario 1040) , en el capítulo 16. 1040 ez 2010 pdf Si recibe distribuciones que no son dividendos pero que deben declararse como ganancias de capital, tendrá que utilizar el Formulario 1040. 1040 ez 2010 pdf No puede utilizar el Formulario 1040EZ si recibe ingresos de dividendos. 1040 ez 2010 pdf Formulario 1099-DIV. 1040 ez 2010 pdf   Si era dueño de acciones por las cuales ha recibido $10 o más por concepto de dividendos y otras distribuciones, deberá recibir un Formulario 1099-DIV. 1040 ez 2010 pdf Aun si no recibe un Formulario 1099-DIV, tiene que declarar todo su ingreso de dividendos. 1040 ez 2010 pdf   Vea el Formulario 1099-DIV para más información sobre cómo declarar el ingreso de dividendos. 1040 ez 2010 pdf Formulario 1040A o 1040. 1040 ez 2010 pdf    Tiene que completar la Parte II del Anexo B (Formulario 1040A o 1040) y adjuntarlo al Formulario 1040A o 1040, si: Sus dividendos ordinarios (el recuadro 1a del Formulario 1099-DIV) son mayores de $1,500 o Recibió, como nominatario, dividendos que en realidad le pertenecen a otra persona. 1040 ez 2010 pdf Si sus dividendos ordinarios son mayores de $1,500, usted también tiene que completar la Parte III del Anexo B (Formulario 1040 o 1040A). 1040 ez 2010 pdf   Escriba en la línea 5, Parte II del Anexo B, el nombre de cada pagador y los dividendos ordinarios que usted recibió. 1040 ez 2010 pdf Si sus valores bursátiles están a nombre de una empresa de corretaje (conocido en inglés como “ street name ”), escriba el nombre de la empresa de corretaje mostrado en el Formulario 1099-DIV como pagador. 1040 ez 2010 pdf Si sus acciones están a nombre de un nominatario que es el titular registrado, y el nominatario es el que le acredita o paga a usted los dividendos de las acciones, escriba el nombre del nominatario y los dividendos que recibió o que le fueron acreditados. 1040 ez 2010 pdf   Anote en la línea 6 el total de las cantidades que aparecen en la línea 5. 1040 ez 2010 pdf Anote también este total en la línea 9a del Formulario 1040 o del Formulario 1040A. 1040 ez 2010 pdf Dividendos calificados. 1040 ez 2010 pdf   Declare los dividendos calificados (el recuadro 1b del Formulario 1099-DIV) en la línea 9b del Formulario 1040 o del Formulario 1040A. 1040 ez 2010 pdf La cantidad del recuadro 1b ya se incluye en el recuadro 1a. 1040 ez 2010 pdf No añada ni reste la cantidad del recuadro 1b a la cantidad del recuadro 1a. 1040 ez 2010 pdf    No incluya ninguno de los siguientes en la línea 9b: Dividendos calificados que recibió como nominatario. 1040 ez 2010 pdf Vea el tema titulado Nominees (Nominatarios), bajo How to Report Dividend Income (Cómo se declara el ingreso de dividendos), en el capítulo 1 de la Publicación 550, en inglés. 1040 ez 2010 pdf Dividendos de acciones por las cuales usted no cumplió el período de tenencia. 1040 ez 2010 pdf Vea el tema titulado Período de tenencia , anteriormente, bajo la sección titulada Dividendos Calificados. 1040 ez 2010 pdf Dividendos sobre todas las acciones hasta el punto que usted esté obligado (ya sea por venta al descubierto o de otra manera) a hacer pagos afines por posiciones en bienes sustancialmente similares o relacionados. 1040 ez 2010 pdf Pagos en lugar de dividendos, pero sólo si usted sabe o tiene razón de saber que los pagos no son dividendos calificados. 1040 ez 2010 pdf Pagos mostrados en el recuadro 1b del Formulario 1099-DIV de una sociedad anónima extranjera hasta el punto donde sepa o tenga razón de saber que los pagos no son dividendos calificados. 1040 ez 2010 pdf   Si tiene dividendos calificados, tiene que calcular el impuesto completando la hoja Qualified Dividends and Capital Gain Tax Worksheet (Hoja de trabajo de impuestos sobre dividendos calificados y ganancias de capital) de las Instrucciones para el Formulario 1040 o el Formulario 1040A, o Schedule D Tax Worksheet (Hoja de trabajo de impuestos del Anexo D) de las Instrucciones del Anexo D del Formulario 1040, en inglés, según corresponda. 1040 ez 2010 pdf Anote los dividendos calificados en la línea 2 de la hoja de trabajo. 1040 ez 2010 pdf Deducción de los intereses de inversiones. 1040 ez 2010 pdf   Si declara una deducción por intereses de inversiones, quizás tenga que reducir sus dividendos que cumplan los requisitos de la tasa impositiva del 0%, 15% o 20%. 1040 ez 2010 pdf Redúzcala por la cantidad de dividendos calificados que elija incluir en el ingreso de inversiones al calcular el límite de la deducción de los intereses de inversiones. 1040 ez 2010 pdf Esto se hace en la hoja Qualified Dividends and Capital Gain Tax Worksheet (Hoja de trabajo de impuestos sobre dividendos calificados y ganancias de capital) o en la hoja Schedule D Tax Worksheet (Hoja de trabajo de impuestos del Anexo D). 1040 ez 2010 pdf Para más información sobre el límite de intereses de inversión, vea Gastos de inversión en el capítulo 23. 1040 ez 2010 pdf Gastos relacionados con el ingreso de dividendos. 1040 ez 2010 pdf   Es posible que pueda deducir los gastos relacionados con el ingreso de dividendos si detalla sus deducciones en el Anexo A (Formulario 1040). 1040 ez 2010 pdf Vea el capítulo 28 para obtener información general sobre la deducción de gastos relativos a la producción de ingresos. 1040 ez 2010 pdf Más información. 1040 ez 2010 pdf    Para más información sobre cómo declarar el ingreso de dividendos, vea el capítulo 1 de la Publicación 550, en inglés, o las instrucciones para el formulario que tiene que presentar. 1040 ez 2010 pdf Prev  Up  Next   Home   More Online Publications