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1040 Ez Instructions 2013

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1040 Ez Instructions 2013

1040 ez instructions 2013 Publication 559 - Main Content Table of Contents Personal RepresentativeDuties Fees Received by Personal Representatives Final Income Tax Return for Decedent—Form 1040Name, Address, and Signature When and Where To File Filing Requirements Income To Include Exemptions and Deductions Credits, Other Taxes, and Payments Tax Forgiveness for Armed Forces Members, Victims of Terrorism, and Astronauts Filing Reminders Other Tax InformationTax Benefits for Survivors Income in Respect of a Decedent Deductions in Respect of a Decedent Estate Tax Deduction Gifts, Insurance, and Inheritances Other Items of Income Income Tax Return of an Estate— Form 1041Filing Requirements Income To Include Exemption and Deductions Credits, Tax, and Payments Name, Address, and Signature When and Where To File Distributions to BeneficiariesIncome That Must Be Distributed Currently Other Amounts Distributed Discharge of a Legal Obligation Character of Distributions How and When To Report Bequest Termination of Estate Estate and Gift TaxesApplicable Credit Amount Gift Tax Estate Tax Generation-Skipping Transfer Tax Comprehensive ExampleFinal Return for Decedent—Form 1040 Income Tax Return of an Estate—Form 1041 How To Get Tax HelpLow Income Taxpayer Clinics Personal Representative A personal representative of an estate is an executor, administrator, or anyone who is in charge of the decedent's property. 1040 ez instructions 2013 Generally, an executor (or executrix) is named in a decedent's will to administer the estate and distribute properties as the decedent has directed. 1040 ez instructions 2013 An administrator (or administratrix) is usually appointed by the court if no will exists, if no executor was named in the will, or if the named executor cannot or will not serve. 1040 ez instructions 2013 In general, an executor and an administrator perform the same duties and have the same responsibilities. 1040 ez instructions 2013 For estate tax purposes, if there is no executor or administrator appointed, qualified, and acting within the United States, the term “executor” includes anyone in actual or constructive possession of any property of the decedent. 1040 ez instructions 2013 It includes, among others, the decedent's agents and representatives; safe-deposit companies, warehouse companies, and other custodians of property in this country; brokers holding securities of the decedent as collateral; and the debtors of the decedent who are in this country. 1040 ez instructions 2013 Duties The primary duties of a personal representative are to collect all the decedent's assets, pay his or her creditors, and distribute the remaining assets to the heirs or other beneficiaries. 1040 ez instructions 2013 The personal representative also must perform the following duties. 1040 ez instructions 2013 Apply for an employer identification number (EIN) for the estate. 1040 ez instructions 2013 File all tax returns, including income, estate and gift tax returns, when due. 1040 ez instructions 2013 Pay the tax determined up to the date of discharge from duties. 1040 ez instructions 2013 Other duties of the personal representative in federal tax matters are discussed in other sections of this publication. 1040 ez instructions 2013 If any beneficiary is a nonresident alien, see Publication 515, Withholding of Tax on Nonresident Aliens and Foreign Entities, for information on the personal representative's duties as a withholding agent. 1040 ez instructions 2013 Penalty. 1040 ez instructions 2013   There is a penalty for failure to file a tax return when due unless the failure is due to reasonable cause. 1040 ez instructions 2013 Reliance on an agent (attorney, accountant, etc. 1040 ez instructions 2013 ) is not reasonable cause for late filing. 1040 ez instructions 2013 It is the personal representative's duty to file the returns for the decedent and the estate when due. 1040 ez instructions 2013 Identification number. 1040 ez instructions 2013   The first action you should take if you are the personal representative for the decedent is to apply for an EIN for the estate. 1040 ez instructions 2013 You should apply for this number as soon as possible because you need to enter it on returns, statements, and other documents you file concerning the estate. 1040 ez instructions 2013 You also must give the number to payers of interest and dividends and other payers who must file a return concerning the estate. 1040 ez instructions 2013   You can get an EIN by applying online at www. 1040 ez instructions 2013 irs. 1040 ez instructions 2013 gov (click on "Apply for an EIN Online" under the Tools heading). 1040 ez instructions 2013 Generally, if you apply online, you will receive your EIN immediately upon completing the application. 1040 ez instructions 2013 You can also apply using Form SS-4, Application for Employer Identification Number. 1040 ez instructions 2013 Generally, if you apply by mail, it takes about 4 weeks to get your EIN. 1040 ez instructions 2013 See the form instructions for other ways to apply. 1040 ez instructions 2013   Payers of interest and dividends report amounts on Forms 1099 using the identification number of the person to whom the account is payable. 1040 ez instructions 2013 After a decedent's death, Forms 1099 must reflect the identification number of the estate or beneficiary to whom the amounts are payable. 1040 ez instructions 2013 As the personal representative handling the estate, you must furnish this identification number to the payer. 1040 ez instructions 2013 For example, if interest is payable to the estate, the estate's EIN must be provided to the payer and used to report the interest on Form 1099-INT, Interest Income. 1040 ez instructions 2013 If the interest is payable to a surviving joint owner, the survivor's identification number, such as an SSN or ITIN, must be provided to the payer and used to report the interest. 1040 ez instructions 2013   If the estate or a survivor may receive interest or dividends after you inform the payer of the decedent's death, the payer should give you (or the survivor) a Form W-9, Request for Taxpayer Identification Number and Certification (or a similar substitute form). 1040 ez instructions 2013 Complete this form to inform the payer of the estate's (or if completed by the survivor, the survivor's) identification number and return it to the payer. 1040 ez instructions 2013    Do not use the deceased individual's identifying number to file an individual income tax return after the decedent's final tax return. 1040 ez instructions 2013 Also do not use it to make estimated tax payments for a tax year after the year of death. 1040 ez instructions 2013 Penalty. 1040 ez instructions 2013   If you do not include the EIN or the taxpayer identification number of another person where it is required on a return, statement, or other document, you are liable for a penalty for each failure, unless you can show reasonable cause. 1040 ez instructions 2013 You also are liable for a penalty if you do not give the taxpayer identification number of another person when required on a return, statement, or other document. 1040 ez instructions 2013 Notice of fiduciary relationship. 1040 ez instructions 2013   The term fiduciary means any person acting for another person. 1040 ez instructions 2013 It applies to persons who have positions of trust on behalf of others. 1040 ez instructions 2013 A personal representative for a decedent's estate is a fiduciary. 1040 ez instructions 2013 Form 56. 1040 ez instructions 2013   If you are appointed to act in a fiduciary capacity for another, you must file a written notice with the IRS stating this. 1040 ez instructions 2013 Form 56, Notice Concerning Fiduciary Relationship, is used for this purpose. 1040 ez instructions 2013 See the Instructions for Form 56 for filing requirements and other information. 1040 ez instructions 2013   File Form 56 as soon as all the necessary information (including the EIN) is available. 1040 ez instructions 2013 It notifies the IRS that you, as the fiduciary, are assuming the powers, rights, duties, and privileges of the decedent. 1040 ez instructions 2013 The notice remains in effect until you notify the IRS (by filing another Form 56) that your fiduciary relationship with the estate has terminated. 1040 ez instructions 2013 Termination of fiduciary relationship. 1040 ez instructions 2013   Form 56 should also be filed to notify the IRS if your fiduciary relationship is terminated or when a successor fiduciary is appointed if the estate has not been terminated. 1040 ez instructions 2013 See Form 56 and its instructions for more information. 1040 ez instructions 2013   At the time of termination of the fiduciary relationship, you may want to file Form 4810, Request for Prompt Assessment Under Internal Revenue Code Section 6501(d), and Form 5495, Request for Discharge From Personal Liability Under Internal Revenue Code Section 2204 or 6905, to wind up your duties as fiduciary. 1040 ez instructions 2013 See below for a discussion of these forms. 1040 ez instructions 2013 Request for prompt assessment (charge) of tax. 1040 ez instructions 2013   The IRS ordinarily has 3 years from the date an income tax return is filed, or its due date, whichever is later, to charge any additional tax due. 1040 ez instructions 2013 However, as a personal representative, you may request a prompt assessment of tax after the return has been filed. 1040 ez instructions 2013 This reduces the time for making the assessment to 18 months from the date the written request for prompt assessment was received. 1040 ez instructions 2013 This request can be made for any tax return (except the estate tax return) of the decedent or the decedent's estate. 1040 ez instructions 2013 This may permit a quicker settlement of the tax liability of the estate and an earlier final distribution of the assets to the beneficiaries. 1040 ez instructions 2013 Form 4810. 1040 ez instructions 2013   Form 4810 can be used for making this request. 1040 ez instructions 2013 It must be filed separately from any other document. 1040 ez instructions 2013   As the personal representative for the decedent's estate, you are responsible for any additional taxes that may be due. 1040 ez instructions 2013 You can request prompt assessment of any of the decedent's taxes (other than federal estate taxes) for any years for which the statutory period for assessment is open. 1040 ez instructions 2013 This applies even though the returns were filed before the decedent's death. 1040 ez instructions 2013 Failure to report income. 1040 ez instructions 2013   If you or the decedent failed to report substantial amounts of gross income (more than 25% of the gross income reported on the return) or filed a false or fraudulent return, your request for prompt assessment will not shorten the period during which the IRS may assess the additional tax. 1040 ez instructions 2013 However, such a request may relieve you of personal liability for the tax if you did not have knowledge of the unpaid tax. 1040 ez instructions 2013 Request for discharge from personal liability for tax. 1040 ez instructions 2013   An executor can make a request for discharge from personal liability for a decedent's income, gift, and estate taxes. 1040 ez instructions 2013 The request must be made after the returns for those taxes are filed. 1040 ez instructions 2013 To make the request, file Form 5495. 1040 ez instructions 2013 For this purpose, an executor is an executor or administrator that is appointed, qualified, and acting within the United States. 1040 ez instructions 2013   Within 9 months after receipt of the request, the IRS will notify the executor of the amount of taxes due. 1040 ez instructions 2013 If this amount is paid, the executor will be discharged from personal liability for any future deficiencies. 1040 ez instructions 2013 If the IRS has not notified the executor, he or she will be discharged from personal liability at the end of the 9-month period. 1040 ez instructions 2013    Even if the executor is discharged from personal liability, the IRS will still be able to assess tax deficiencies against the executor to the extent he or she still has any of the decedent's property. 1040 ez instructions 2013 Insolvent estate. 1040 ez instructions 2013   Generally, if a decedent's estate is insufficient to pay all the decedent's debts, the debts due to the United States must be paid first. 1040 ez instructions 2013 Both the decedent's federal income tax liabilities at the time of death and the estate's income tax liability are debts due to the United States. 1040 ez instructions 2013 The personal representative of an insolvent estate is personally responsible for any tax liability of the decedent or of the estate if he or she had notice of such tax obligations or failed to exercise due care in determining if such obligations existed before distribution of the estate's assets and before being discharged from duties. 1040 ez instructions 2013 The extent of such personal responsibility is the amount of any other payments made before paying the debts due to the United States, except where such other debt paid has priority over the debts due to the United States. 1040 ez instructions 2013 Income tax liabilities need not be formally assessed for the personal representative to be liable if he or she was aware or should have been aware of their existence. 1040 ez instructions 2013 Fees Received by Personal Representatives All personal representatives must include fees paid to them from an estate in their gross income. 1040 ez instructions 2013 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 your Form 1040, line 21. 1040 ez instructions 2013 If you are in the trade or business of being an executor, report fees received from the estate as self-employment income on Schedule C or Schedule C-EZ of your Form 1040. 1040 ez instructions 2013 If the estate operates a trade or business and you, as executor, actively participate in the trade or business while fulfilling your duties, any fees you receive related to the operation of the trade or business must be reported as self-employment income on Schedule C (or Schedule C-EZ) of your Form 1040. 1040 ez instructions 2013 Final Income Tax Return for Decedent—Form 1040 The personal representative (defined earlier) must file the final income tax return (Form 1040) of the decedent for the year of death and any returns not filed for preceding years. 1040 ez instructions 2013 A surviving spouse, under certain circumstances, may have to file the returns for the decedent. 1040 ez instructions 2013 See Joint Return, later. 1040 ez instructions 2013 Return for preceding year. 1040 ez instructions 2013   If an individual died after the close of the tax year, but before the return for that year was filed, the return for the year just closed will not be the final return. 1040 ez instructions 2013 The return for that year will be a regular return and the personal representative must file it. 1040 ez instructions 2013 Example. 1040 ez instructions 2013 Samantha Smith died on March 21, 2013, before filing her 2012 tax return. 1040 ez instructions 2013 Her personal representative must file her 2012 return by April 15, 2013. 1040 ez instructions 2013 Her final tax return covering the period from January 1, 2013, to March 20, 2013, is due April 15, 2014. 1040 ez instructions 2013 Name, Address, and Signature Write the word “DECEASED,” the decedent's name, and the date of death across the top of the tax return. 1040 ez instructions 2013 If filing a joint return, write the name and address of the decedent and the surviving spouse in the name and address fields. 1040 ez instructions 2013 If a joint return is not being filed, write the decedent's name in the name field and the personal representative's name and address in the address field. 1040 ez instructions 2013 Third party designee. 1040 ez instructions 2013   You can check the “Yes” box in the Third Party Designee area on page 2 of the return to authorize the IRS to discuss the return with a friend, family member, or any other person you choose. 1040 ez instructions 2013 This allows the IRS to call the person you identified as the designee to answer any questions that may arise during the processing of the return. 1040 ez instructions 2013 It also allows the designee to perform certain actions. 1040 ez instructions 2013 See the Instructions for Form 1040 for details. 1040 ez instructions 2013 Signature. 1040 ez instructions 2013   If a personal representative has been appointed, that person must sign the return. 1040 ez instructions 2013 If it is a joint return, the surviving spouse must also sign it. 1040 ez instructions 2013 If no personal representative has been appointed, the surviving spouse (on a joint return) signs the return and writes in the signature area “Filing as surviving spouse. 1040 ez instructions 2013 ” If no personal representative has been appointed and if there is no surviving spouse, the person in charge of the decedent's property must file and sign the return as “personal representative. 1040 ez instructions 2013 ” Paid preparer. 1040 ez instructions 2013   If you pay someone to prepare, assist in preparing, or review the tax return, that person must sign the return and fill in the other blanks in the Paid Preparer Use Only area of the return. 1040 ez instructions 2013 See the Form 1040 instructions for details. 1040 ez instructions 2013 When and Where To File The final income tax return is due at the same time the decedent's return would have been due had death not occurred. 1040 ez instructions 2013 A final return for a decedent who was a calendar year taxpayer is generally due on April 15 following the year of death, regardless of when during that year death occurred. 1040 ez instructions 2013 However, when the due date falls on a Saturday, Sunday, or legal holiday, the return is filed timely if filed by the next business day. 1040 ez instructions 2013 The tax return must be prepared for the year of death regardless of when during the year death occurred. 1040 ez instructions 2013 Generally, you must file the final income tax return of the decedent with the Internal Revenue Service Center for the place where you live. 1040 ez instructions 2013 A tax return for a decedent can be electronically filed. 1040 ez instructions 2013 A personal representative may also obtain an income tax filing extension on behalf of a decedent. 1040 ez instructions 2013 Filing Requirements The gross income, age, and filing status of a decedent generally determine whether a return must be filed. 1040 ez instructions 2013 Gross income is all income received by an individual from any source in the form of money, goods, property, and services that is not tax-exempt. 1040 ez instructions 2013 It includes gross receipts from self-employment, but if the business involves manufacturing, merchandising, or mining, subtract any cost of goods sold. 1040 ez instructions 2013 In general, filing status depends on whether the decedent was considered single or married at the time of death. 1040 ez instructions 2013 See the income tax return instructions or Publication 501, Exemptions, Standard Deduction, and Filing Information. 1040 ez instructions 2013 Refund A return must be filed to obtain a refund if tax was withheld from salaries, wages, pensions, or annuities, or if estimated tax was paid, even if a return is not otherwise required to be filed. 1040 ez instructions 2013 Also, the decedent may be entitled to other credits that result in a refund. 1040 ez instructions 2013 These advance payments of tax and credits are discussed later under Credits, Other Taxes, and Payments. 1040 ez instructions 2013 Form 1310, Statement of Person Claiming Refund Due a Deceased Taxpayer. 1040 ez instructions 2013   Form 1310 does not have to be filed if you are claiming a refund and you are: A surviving spouse filing an original or amended joint return with the decedent, or A court-appointed or certified personal representative filing the decedent’s original return and a copy of the court certificate showing your appointment is attached to the return. 1040 ez instructions 2013   If the personal representative is filing a claim for refund on Form 1040X, Amended U. 1040 ez instructions 2013 S. 1040 ez instructions 2013 Individual Income Tax Return, or Form 843, Claim for Refund and Request for Abatement, and the court certificate has already been filed with the IRS, attach Form 1310 and write “Certificate Previously Filed” at the bottom of the form. 1040 ez instructions 2013 Example. 1040 ez instructions 2013 Edward Green died before filing his tax return. 1040 ez instructions 2013 You were appointed the personal representative for Edward's estate, and you file his Form 1040 showing a refund due. 1040 ez instructions 2013 You do not need Form 1310 to claim the refund if you attach a copy of the court certificate showing you were appointed the personal representative. 1040 ez instructions 2013    If you are a surviving spouse and you receive a tax refund check in both your name and your deceased spouse's name, you can have the check reissued in your name alone. 1040 ez instructions 2013 Return the joint-name check marked “VOID” to your local IRS office or the service center where you mailed your return, along with a written request for reissuance of the refund check. 1040 ez instructions 2013 A new check will be issued in your name and mailed to you. 1040 ez instructions 2013 Death certificate. 1040 ez instructions 2013   When filing the decedent's final income tax return, do not attach the death certificate or other proof of death to the final return. 1040 ez instructions 2013 Instead, keep it for your records and provide it if requested. 1040 ez instructions 2013 Nonresident Alien If the decedent was a nonresident alien who would have had to file Form 1040NR, U. 1040 ez instructions 2013 S. 1040 ez instructions 2013 Nonresident Alien Income Tax Return, you must file that form for the decedent's final tax year. 1040 ez instructions 2013 See the Instructions for Form 1040NR for the filing requirements, due date, and where to file. 1040 ez instructions 2013 Joint Return Generally, the personal representative and the surviving spouse can file a joint return for the decedent and the surviving spouse. 1040 ez instructions 2013 However, the surviving spouse alone can file the joint return if no personal representative has been appointed before the due date for filing the final joint return for the year of death. 1040 ez instructions 2013 This also applies to the return for the preceding year if the decedent died after the close of the preceding tax year and before filing the return for that year. 1040 ez instructions 2013 The income of the decedent that was includible on his or her return for the year up to the date of death (see Income To Include, later) and the income of the surviving spouse for the entire year must be included in the final joint return. 1040 ez instructions 2013 A final joint return with the decedent cannot be filed if the surviving spouse remarried before the end of the year of the decedent's death. 1040 ez instructions 2013 The filing status of the decedent in this instance is married filing a separate return. 1040 ez instructions 2013 For information about tax benefits to which a surviving spouse may be entitled, see Tax Benefits for Survivors, later, under Other Tax Information. 1040 ez instructions 2013 Personal representative may revoke joint return election. 1040 ez instructions 2013   A court-appointed personal representative may revoke an election to file a joint return previously made by the surviving spouse alone. 1040 ez instructions 2013 This is done by filing a separate return for the decedent within one year from the due date of the return (including any extensions). 1040 ez instructions 2013 The joint return made by the surviving spouse will then be regarded as the separate return of that spouse by excluding the decedent's items and refiguring the tax liability. 1040 ez instructions 2013 Relief from joint liability. 1040 ez instructions 2013   In some cases, one spouse may be relieved of joint liability for tax, interest, and penalties on a joint return for items of the other spouse that were incorrectly reported on the joint return. 1040 ez instructions 2013 If the decedent qualified for this relief while alive, the personal representative can pursue an existing request, or file a request, for relief from joint liability. 1040 ez instructions 2013 For information on requesting this relief, see Publication 971, Innocent Spouse Relief. 1040 ez instructions 2013 Income To Include The decedent's income includible on the final return is generally determined as if the person were still alive except that the taxable period is usually shorter because it ends on the date of death. 1040 ez instructions 2013 The method of accounting regularly used by the decedent before death also determines the income includible on the final return. 1040 ez instructions 2013 This section explains how some types of income are reported on the final return. 1040 ez instructions 2013 For more information about accounting methods, see Publication 538, Accounting Periods and Methods. 1040 ez instructions 2013 Cash Method If the decedent accounted for income under the cash method, only those items actually or constructively received before death are included on the final return. 1040 ez instructions 2013 Constructive receipt of income. 1040 ez instructions 2013   Interest from coupons on the decedent's bonds is constructively received by the decedent if the coupons matured in the decedent's final tax year, but had not been cashed. 1040 ez instructions 2013 Include the interest income on the final return. 1040 ez instructions 2013   Generally, a dividend is considered constructively received if it was available for use by the decedent without restriction. 1040 ez instructions 2013 If the corporation customarily mailed its dividend checks, the dividend was includible when received. 1040 ez instructions 2013 If the individual died between the time the dividend was declared and the time it was received in the mail, the decedent did not constructively receive it before death. 1040 ez instructions 2013 Do not include the dividend in the final return. 1040 ez instructions 2013 Accrual Method Generally, under an accrual method of accounting, income is reported when earned. 1040 ez instructions 2013 If the decedent used an accrual method, only the income items normally accrued before death are included on the final return. 1040 ez instructions 2013 Interest and Dividend Income (Forms 1099) Form(s) 1099 reporting interest and dividends earned by the decedent before death should be received and the amounts included on the decedent's final return. 1040 ez instructions 2013 A separate Form 1099 should show the interest and dividends earned after the date of the decedent's death and paid to the estate or other recipient that must include those amounts on its return. 1040 ez instructions 2013 You can request corrected Forms 1099 if these forms do not properly reflect the right recipient or amounts. 1040 ez instructions 2013 For example, a Form 1099-INT, reporting interest payable to the decedent, may include income that should be reported on the final income tax return of the decedent, as well as income that the estate or other recipient should report, either as income earned after death or as income in respect of the decedent (discussed later). 1040 ez instructions 2013 For income earned after death, you should ask the payer for a Form 1099 that properly identifies the recipient (by name and identification number) and the proper amount. 1040 ez instructions 2013 If that is not possible, or if the form includes an amount that represents income in respect of the decedent, report the interest as shown next under How to report. 1040 ez instructions 2013 See U. 1040 ez instructions 2013 S. 1040 ez instructions 2013 savings bonds acquired from decedent under Income in Respect of a Decedent, later, for information on savings bond interest that may have to be reported on the final return. 1040 ez instructions 2013 How to report. 1040 ez instructions 2013   If you are preparing the decedent's final return and you have received a Form 1099-INT for the decedent that includes amounts belonging to the decedent and to another recipient (the decedent's estate or another beneficiary), report the total interest shown on Form 1099-INT on Schedule B (Form 1040A or 1040), Interest and Ordinary Dividends. 1040 ez instructions 2013 Next, enter a subtotal of the interest shown on Forms 1099, and the interest reportable from other sources for which you did not receive Forms 1099. 1040 ez instructions 2013 Then, show any interest (including any interest you receive as a nominee) belonging to another recipient separately and subtract it from the subtotal. 1040 ez instructions 2013 Identify the amount of this adjustment as “Nominee Distribution” or other appropriate designation. 1040 ez instructions 2013   Report dividend income for which you received a Form 1099-DIV, Dividends and Distributions, on the appropriate schedule using the same procedure. 1040 ez instructions 2013    Note. 1040 ez instructions 2013 If the decedent received amounts as a nominee, you must give the actual owner a Form 1099, unless the owner is the decedent's spouse. 1040 ez instructions 2013 See General Instructions for Certain Information Returns (Forms 1097, 1098, 1099, 3921, 3922, 5498, and W-2G) for more information on filing Forms 1099. 1040 ez instructions 2013 Partnership Income The death of a partner closes the partnership's tax year for that partner. 1040 ez instructions 2013 Generally, it does not close the partnership's tax year for the remaining partners. 1040 ez instructions 2013 The decedent's distributive share of partnership items must be figured as if the partnership's tax year ended on the date the partner died. 1040 ez instructions 2013 To avoid an interim closing of the partnership books, the partners can agree to estimate the decedent's distributive share by prorating the amounts the partner would have included for the entire partnership tax year. 1040 ez instructions 2013 On the decedent's final return, include the decedent's distributive share of partnership items for the following periods. 1040 ez instructions 2013 The partnership's tax year that ended within or with the decedent's final tax year (the year ending on the date of death). 1040 ez instructions 2013 The period, if any, from the end of the partnership's tax year in (1) to the decedent's date of death. 1040 ez instructions 2013 Example. 1040 ez instructions 2013 Mary Smith was a partner in XYZ partnership and reported her income on a tax year ending December 31. 1040 ez instructions 2013 The partnership uses a tax year ending June 30. 1040 ez instructions 2013 Mary died August 31, 2013, and her estate established its tax year through August 31. 1040 ez instructions 2013 The distributive share of partnership items based on the decedent's partnership interest is reported as follows. 1040 ez instructions 2013 Final Return for the Decedent—January 1 through August 31, 2013, includes XYZ partnership items from (a) the partnership tax year ending June 30, 2013, and (b) the partnership tax year beginning July 1, 2013, and ending August 31, 2013 (the date of death). 1040 ez instructions 2013 Income Tax Return of the Estate—September 1, 2013, through August 31, 2014, includes XYZ partnership items for the period September 1, 2013, through June 30, 2014. 1040 ez instructions 2013 S Corporation Income If the decedent was a shareholder in an S corporation, include on the final return the decedent's share of the S corporation's items of income, loss, deduction, and credit for the following periods. 1040 ez instructions 2013 The corporation's tax year that ended within or with the decedent's final tax year (the year ending on the date of death). 1040 ez instructions 2013 The period, if any, from the end of the corporation's tax year in (1) to the decedent's date of death. 1040 ez instructions 2013 Self-Employment Income Include self-employment income actually or constructively received or accrued, depending on the decedent's accounting method. 1040 ez instructions 2013 For self-employment tax purposes only, the decedent's self-employment income will include the decedent's distributive share of a partnership's income or loss through the end of the month in which death occurred. 1040 ez instructions 2013 For this purpose, the partnership's income or loss is considered to be earned ratably over the partnership's tax year. 1040 ez instructions 2013 Community Income If the decedent was married and domiciled in a community property state, half of the income received and half of the expenses paid during the decedent's tax year by either the decedent or spouse may be considered to be the income and expenses of the other. 1040 ez instructions 2013 For more information, see Publication 555, Community Property. 1040 ez instructions 2013 HSA, Archer MSA, or Medicare Advantage MSA The treatment of an HSA (health savings account), an Archer MSA (medical savings account), or a Medicare Advantage MSA at the death of the account holder, depends on who acquires the interest in the account. 1040 ez instructions 2013 If the decedent's estate acquires the interest, the fair market value (FMV) of the assets in the account on the date of death is included in income on the decedent's final return. 1040 ez instructions 2013 The estate tax deduction, discussed later, does not apply to this amount. 1040 ez instructions 2013 If a beneficiary acquires the interest, see the discussion under Income in Respect of a Decedent, later. 1040 ez instructions 2013 For other information on HSAs, Archer MSAs, or Medicare Advantage MSAs, see Publication 969, Health Savings Accounts and Other Tax-Favored Health Plans. 1040 ez instructions 2013 Coverdell Education Savings Account (ESA) Generally, the balance in a Coverdell ESA must be distributed within 30 days after the individual for whom the account was established reaches age 30, or dies, whichever is earlier. 1040 ez instructions 2013 The treatment of the Coverdell ESA at the death of an individual under age 30 depends on who acquires the interest in the account. 1040 ez instructions 2013 If the decedent's estate acquires the interest, the earnings on the account must be included on the final income tax return of the decedent. 1040 ez instructions 2013 The estate tax deduction, discussed later, does not apply to this amount. 1040 ez instructions 2013 If a beneficiary acquires the interest, see the discussion under Income in Respect of a Decedent, later. 1040 ez instructions 2013 The age 30 limitation does not apply if the individual for whom the account was established or the beneficiary that acquires the account is an individual with special needs. 1040 ez instructions 2013 This includes an individual who, because of a physical, mental, or emotional condition (including a learning disability), requires additional time to complete his or her education. 1040 ez instructions 2013 For more information on Coverdell ESAs, see Publication 970, Tax Benefits for Education. 1040 ez instructions 2013 Accelerated Death Benefits Accelerated death benefits are amounts received under a life insurance contract before the death of the insured individual. 1040 ez instructions 2013 These benefits also include amounts received on the sale or assignment of the contract to a viatical settlement provider. 1040 ez instructions 2013 Generally, if the decedent received accelerated death benefits on the life of a terminally or chronically ill individual, whether on his or her own life or on the life of another person, those benefits are not included in the decedent's income. 1040 ez instructions 2013 For more information, see the discussion under Gifts, Insurance, and Inheritances under Other Tax Information, later. 1040 ez instructions 2013 Exemptions and Deductions Generally, the rules for exemptions and deductions allowed to an individual also apply to the decedent's final income tax return. 1040 ez instructions 2013 Show on the final return deductible items the decedent paid (or accrued, if the decedent reported deductions on an accrual method) before death. 1040 ez instructions 2013 This section contains a detailed discussion of medical expenses because the tax treatment of the decedent's medical expenses can be different. 1040 ez instructions 2013 See Medical Expenses, later. 1040 ez instructions 2013 Exemptions You can claim the decedent's personal exemption on the final income tax return. 1040 ez instructions 2013 If the decedent was another person's dependent (for example, a parent's), you cannot claim the personal exemption on the decedent's final return. 1040 ez instructions 2013 Standard Deduction If you do not itemize deductions on the final return, the full amount of the appropriate standard deduction is allowed regardless of the date of death. 1040 ez instructions 2013 For information on the appropriate standard deduction, see the Form 1040 income tax return instructions or Publication 501. 1040 ez instructions 2013 Medical Expenses Medical expenses paid before death by the decedent are deductible, subject to limits, on the final income tax return if deductions are itemized. 1040 ez instructions 2013 This includes expenses for the decedent, as well as for the decedent's spouse and dependents. 1040 ez instructions 2013 Beginning in 2013, medical expenses exceeding 10% of adjusted gross income (AGI) may be deducted, unless the decedent or their spouse is age 65 or older. 1040 ez instructions 2013 In that case medical expenses exceeding 7. 1040 ez instructions 2013 5% of AGI may be deducted. 1040 ez instructions 2013 Qualified medical expenses are not deductible if paid with a tax-free distribution from an HSA or an Archer MSA. 1040 ez instructions 2013 Election for decedent's expenses. 1040 ez instructions 2013   Medical expenses not paid before death are liabilities of the estate and are shown on the federal estate tax return (Form 706). 1040 ez instructions 2013 However, if medical expenses for the decedent are paid out of the estate during the 1-year period beginning with the day after death, you can elect to treat all or part of the expenses as paid by the decedent at the time they were incurred. 1040 ez instructions 2013   If you make the election, you can claim all or part of the expenses on the decedent's income tax return (if deductions are itemized) rather than on the federal estate tax return (Form 706). 1040 ez instructions 2013 You can deduct expenses incurred in the year of death on the final income tax return. 1040 ez instructions 2013 You should file an amended return (Form 1040X) for medical expenses incurred in an earlier year, unless the statutory period for filing a claim for that year has expired. 1040 ez instructions 2013   The amount you can deduct on the income tax return is the amount above 10% of adjusted gross income (or 7. 1040 ez instructions 2013 5% of adjusted gross income if the decedent or the decedent's spouse was born before January 2, 1949). 1040 ez instructions 2013 Amounts not deductible because of this percentage cannot be claimed on the federal estate tax return. 1040 ez instructions 2013 Making the election. 1040 ez instructions 2013   You make the election by attaching a statement, in duplicate, to the decedent's income tax return or amended return. 1040 ez instructions 2013 The statement must state that you have not claimed the amount as an estate tax deduction, and that the estate waives the right to claim the amount as a deduction. 1040 ez instructions 2013 This election applies only to expenses incurred for the decedent, not to expenses incurred to provide medical care for dependents. 1040 ez instructions 2013 Example. 1040 ez instructions 2013 Richard Brown used the cash method of accounting and filed his income tax return on a calendar year basis. 1040 ez instructions 2013 Richard died on June 1, 2013, at the age of 78, after incurring $800 in medical expenses. 1040 ez instructions 2013 Of that amount, $500 was incurred in 2012 and $300 was incurred in 2013. 1040 ez instructions 2013 Richard itemized his deductions when he filed his 2012 income tax return. 1040 ez instructions 2013 The personal representative of the estate paid the entire $800 liability in August 2013. 1040 ez instructions 2013 The personal representative may file an amended return (Form 1040X) for 2012 claiming the $500 medical expense as a deduction, subject to the 7. 1040 ez instructions 2013 5% limit. 1040 ez instructions 2013 The $300 of expenses incurred in 2013 can be deducted on the final income tax return if deductions are itemized, subject to the 7. 1040 ez instructions 2013 5% limit. 1040 ez instructions 2013 The personal representative must file a statement in duplicate with each return stating that these amounts have not been claimed on the federal estate tax return (Form 706), and waiving the right to claim such a deduction on Form 706 in the future. 1040 ez instructions 2013 Medical expenses not paid by estate. 1040 ez instructions 2013   If you paid medical expenses for your deceased spouse or dependent, claim the expenses on your tax return for the year in which you paid them, whether they are paid before or after the decedent's death. 1040 ez instructions 2013 If the decedent was a child of divorced or separated parents, the medical expenses can usually be claimed by both the custodial and noncustodial parent to the extent paid by that parent during the year. 1040 ez instructions 2013 Insurance reimbursements. 1040 ez instructions 2013   Insurance reimbursements of previously deducted medical expenses due a decedent at the time of death and later received by the decedent's estate are includible in the income tax return of the estate (Form 1041) for the year the reimbursements are received. 1040 ez instructions 2013 The reimbursements are also includible in the decedent's gross estate. 1040 ez instructions 2013 No deduction for funeral expenses can be taken on the final Form 1040 of a decedent. 1040 ez instructions 2013 These expenses may be deductible for estate tax purposes on Form 706. 1040 ez instructions 2013 Deduction for Losses A decedent's net operating loss deduction from a prior year and any capital losses (including capital loss carryovers) can be deducted only on the decedent's final income tax return. 1040 ez instructions 2013 A net operating loss on the decedent's final income tax return can be carried back to prior years. 1040 ez instructions 2013 (See Publication 536, Net Operating Losses (NOLs) for Individuals, Estates, and Trusts. 1040 ez instructions 2013 ) You cannot deduct any unused net operating loss or capital loss on the estate's income tax return. 1040 ez instructions 2013 At-risk loss limits. 1040 ez instructions 2013   Special at-risk rules apply to most activities that are engaged in as a trade or business or for the production of income. 1040 ez instructions 2013   These rules limit the deductible loss to the amount which the individual was considered at-risk in the activity. 1040 ez instructions 2013 An individual generally will be considered at-risk to the extent of the money and the adjusted basis of property that he or she contributed to the activity and certain amounts the individual borrowed for use in the activity. 1040 ez instructions 2013 An individual will be considered at-risk for amounts borrowed only if he or she was personally liable for the repayment or if the amounts borrowed were secured by property other than that used in the activity. 1040 ez instructions 2013 The individual is not considered at-risk for borrowed amounts if the lender has an interest in the activity or if the lender is related to a person who has an interest in the activity. 1040 ez instructions 2013 For more information, see Publication 925, Passive Activity and At-Risk Rules. 1040 ez instructions 2013 Passive activity rules. 1040 ez instructions 2013   A passive activity is any trade or business activity in which the taxpayer does not materially participate. 1040 ez instructions 2013 To determine material participation, see Publication 925. 1040 ez instructions 2013 Rental activities are passive activities regardless of the taxpayer's participation, unless the taxpayer meets certain eligibility requirements. 1040 ez instructions 2013   Individuals, estates, and trusts can offset passive activity losses only against passive activity income. 1040 ez instructions 2013 Passive activity losses or credits not allowed in one tax year can be carried forward to the next year. 1040 ez instructions 2013   If a passive activity interest is transferred because a taxpayer dies, the accumulated unused passive activity losses are allowed as a deduction against the decedent's income in the year of death. 1040 ez instructions 2013 Losses are allowed only to the extent they are greater than the excess of the transferee's (recipient of the interest transferred) basis in the property over the decedent's adjusted basis in the property immediately before death. 1040 ez instructions 2013 The part of the accumulated losses equal to the excess is not allowed as a deduction for any tax year. 1040 ez instructions 2013   Use Form 8582, Passive Activity Loss Limitations, to summarize losses and income from passive activities and to figure the amounts allowed. 1040 ez instructions 2013 For more information, see Publication 925. 1040 ez instructions 2013 Credits, Other Taxes, and Payments Discussed below are some of the tax credits, types of taxes that may be owed, income tax withheld, and estimated tax payments reported on the final return of a decedent. 1040 ez instructions 2013 Credits On the final income tax return, you can claim any tax credits that applied to the decedent before death. 1040 ez instructions 2013 Some of these credits are discussed next. 1040 ez instructions 2013 Earned income credit. 1040 ez instructions 2013   If the decedent was an eligible individual, you can claim the earned income credit on the decedent's final return even though the return covers less than 12 months. 1040 ez instructions 2013 If the allowable credit is more than the tax liability for the year, the excess is refunded. 1040 ez instructions 2013   For more information, see Publication 596, Earned Income Credit (EIC). 1040 ez instructions 2013 Credit for the elderly or the disabled. 1040 ez instructions 2013   This credit is allowable on a decedent's final income tax return if the decedent met both of the following requirements in the year of death. 1040 ez instructions 2013 The decedent: Was a “qualified individual,” and Had income (adjusted gross income (AGI) and nontaxable social security and pensions) less than certain limits. 1040 ez instructions 2013   For details on qualifying for or figuring the credit, see Publication 524, Credit for the Elderly or the Disabled. 1040 ez instructions 2013 Child tax credit. 1040 ez instructions 2013   If the decedent had a qualifying child, you may be able to claim the child tax credit on the decedent's final return even though the return covers less than 12 months. 1040 ez instructions 2013 You may be able to claim the additional child tax credit and get a refund if the credit is more than the decedent's liability. 1040 ez instructions 2013 For more information, see the Instructions for Form 1040. 1040 ez instructions 2013 Adoption credit. 1040 ez instructions 2013   Depending upon when the adoption was finalized, this credit may be taken on a decedent's final income tax return if the decedent: Adopted an eligible child and paid qualified adoption expenses, or Has a carryforward of an adoption credit from a prior year. 1040 ez instructions 2013   Also, if the decedent is survived by a spouse who meets the filing status of qualifying widow(er), unused adoption credit may be carried forward and used following the death of the decedent. 1040 ez instructions 2013 See Form 8839, Qualified Adoption Expenses, and its instructions for more details. 1040 ez instructions 2013 General business tax credit. 1040 ez instructions 2013   The general business credit available to a taxpayer is limited. 1040 ez instructions 2013 Any credit arising in a tax year beginning before 1998 that has not been used up can be carried forward for up to 15 years. 1040 ez instructions 2013 Any unused credit arising in a tax year beginning after 1997 has a 1-year carryback and a 20-year carryforward period. 1040 ez instructions 2013   After the carryforward period, a deduction may be allowed for any unused business credit. 1040 ez instructions 2013 If the taxpayer dies before the end of the carryforward period, the deduction generally is allowed in the year of death. 1040 ez instructions 2013   For more information on the general business credit, see Publication 334, Tax Guide for Small Business. 1040 ez instructions 2013 Other Taxes Taxes other than income tax that may be owed on the final return of a decedent include self-employment tax and alternative minimum tax, which are reported on Form 1040. 1040 ez instructions 2013 Self-employment tax. 1040 ez instructions 2013   Self-employment tax may be owed on the final return if either of the following applied to the decedent in the year of death: Net earnings from self-employment (excluding income described in (2)) were $400 or more; or Wages from services performed as a church employee were $108. 1040 ez instructions 2013 28 or more. 1040 ez instructions 2013 Alternative minimum tax (AMT). 1040 ez instructions 2013   The tax laws give special treatment to certain types of income and allow special deductions and credits for certain types of expenses. 1040 ez instructions 2013 The alternative minimum tax (AMT) was enacted so taxpayers who benefit from these laws still pay at least a minimum amount of tax. 1040 ez instructions 2013 In general, the AMT is the excess of the tentative minimum tax over the regular tax shown on the return. 1040 ez instructions 2013 Form 6251. 1040 ez instructions 2013    Use Form 6251, Alternative Minimum Tax—Individuals, to determine if this tax applies to the decedent. 1040 ez instructions 2013 See the form instructions for information on when you must attach Form 6251 to Form 1040. 1040 ez instructions 2013 Form 8801. 1040 ez instructions 2013   If the decedent paid AMT in a previous year or had a credit carryforward, the decedent may be eligible for a minimum tax credit. 1040 ez instructions 2013 See Form 8801, Credit for Prior Year Minimum Tax—Individuals, Estates, and Trusts. 1040 ez instructions 2013 Payments of Tax The income tax withheld from the decedent's salary, wages, pensions, or annuities, and the amount paid as estimated tax are credits (advance payments of tax) that must be claimed on the final return. 1040 ez instructions 2013 Tax Forgiveness for Armed Forces Members, Victims of Terrorism, and Astronauts Income tax liability may be forgiven for a decedent who dies due to service in a combat zone, due to military or terrorist actions, as a result of a terrorist attack, or while serving in the line of duty as an astronaut. 1040 ez instructions 2013 Combat Zone If a member of the Armed Forces of the United States dies while in active service in a combat zone or from wounds, disease, or injury incurred in a combat zone, the decedent's income tax liability is abated (forgiven) for the entire year in which death occurred and for any prior tax year ending on or after the first day the person served in a combat zone in active service. 1040 ez instructions 2013 For this purpose, a qualified hazardous duty area is treated as a combat zone. 1040 ez instructions 2013 If the tax (including interest, additions to the tax, and additional amounts) for these years has been assessed, the assessment will be forgiven. 1040 ez instructions 2013 If the tax has been collected (regardless of the date of collection), that tax will be credited or refunded. 1040 ez instructions 2013 Any of the decedent's income tax for tax years before those mentioned above that remains unpaid as of the actual (or presumptive) date of death will not be assessed. 1040 ez instructions 2013 If any unpaid tax (including interest, additions to the tax, and additional amounts) has been assessed, this assessment will be forgiven. 1040 ez instructions 2013 Also, if any tax was collected after the date of death, that amount will be credited or refunded. 1040 ez instructions 2013 The date of death of a member of the Armed Forces reported as missing in action or as a prisoner of war is the date his or her name is removed from missing status for military pay purposes. 1040 ez instructions 2013 This is true even if death actually occurred earlier. 1040 ez instructions 2013 For other tax information for members of the Armed Forces, see Publication 3, Armed Forces' Tax Guide. 1040 ez instructions 2013 Military or Terrorist Actions The decedent's income tax liability is forgiven if, at death, he or she was a military or civilian employee of the United States who died because of wounds or injury incurred: While a U. 1040 ez instructions 2013 S. 1040 ez instructions 2013 employee, and In a military or terrorist action. 1040 ez instructions 2013 The forgiveness applies to the tax year in which death occurred and for any earlier tax year, beginning with the year before the year in which the wounds or injury occurred. 1040 ez instructions 2013 Example. 1040 ez instructions 2013 The income tax liability of a civilian employee of the United States who died in 2013 because of wounds incurred while a U. 1040 ez instructions 2013 S. 1040 ez instructions 2013 employee in a terrorist attack that occurred in 2008 will be forgiven for 2013 and for all prior tax years in the period 2007 through 2012. 1040 ez instructions 2013 Refunds are allowed for the tax years for which the period for filing a claim for refund has not ended, as discussed later. 1040 ez instructions 2013 Military or terrorist action defined. 1040 ez instructions 2013   A military or terrorist action means the following. 1040 ez instructions 2013 Any terrorist activity that most of the evidence indicates was directed against the United States or any of its allies. 1040 ez instructions 2013 Any military action involving the U. 1040 ez instructions 2013 S. 1040 ez instructions 2013 Armed Forces and resulting from violence or aggression against the United States or any of its allies, or the threat of such violence or aggression. 1040 ez instructions 2013   Terrorist activity includes criminal offenses intended to coerce, intimidate, or retaliate against the government or civilian population. 1040 ez instructions 2013 Military action does not include training exercises. 1040 ez instructions 2013 Any multinational force in which the United States is participating is treated as an ally of the United States. 1040 ez instructions 2013 Determining if a terrorist activity or military action has occurred. 1040 ez instructions 2013   You may rely on published guidance from the IRS to determine if a particular event is considered a terrorist activity or military action. 1040 ez instructions 2013 Specified Terrorist Victim The Victims of Terrorism Tax Relief Act of 2001 (the Act) provides tax relief for those injured or killed as a result of terrorist attacks, certain survivors of those killed as a result of terrorist attacks, and others who were affected by terrorist attacks. 1040 ez instructions 2013 Under the Act, the federal income tax liability of those killed in the following attacks (specified terrorist victim) is forgiven for certain tax years. 1040 ez instructions 2013 The April 19, 1995, terrorist attack on the Alfred P. 1040 ez instructions 2013 Murrah Federal Building (Oklahoma City). 1040 ez instructions 2013 The September 11, 2001, terrorist attacks. 1040 ez instructions 2013 The terrorist attacks involving anthrax occurring after September 10, 2001, and before January 1, 2002. 1040 ez instructions 2013 The Act also exempts from federal income tax the following types of income. 1040 ez instructions 2013 Qualified disaster relief payments made after September 10, 2001, to cover personal, family, living, or funeral expenses incurred because of a terrorist attack. 1040 ez instructions 2013 Certain disability payments received in tax years ending after September 10, 2001, for injuries sustained in a terrorist attack. 1040 ez instructions 2013 Certain death benefits paid by an employer to the survivor of an employee because the employee died as a result of a terrorist attack. 1040 ez instructions 2013 Payments from the September 11th Victim Compensation Fund 2001. 1040 ez instructions 2013 The Act also reduces the estate tax of individuals who die as a result of a terrorist attack. 1040 ez instructions 2013 See Publication 3920, Tax Relief for Victims of Terrorist Attacks, for more information. 1040 ez instructions 2013 Astronauts Legislation extended the tax relief available under the Victims of Terrorism Tax Relief Act of 2001 (the Act) to astronauts who died in the line of duty after December 31, 2002. 1040 ez instructions 2013 The decedent's income tax liability is forgiven for the tax year in which death occurs, and for the tax year prior to death. 1040 ez instructions 2013 For information on death benefit payments and the reduction of federal estate taxes, see Publication 3920. 1040 ez instructions 2013 However, the discussions in that publication under Death Benefits and Estate Tax Reduction should be modified for astronauts (for example, by using the date of death of the astronaut instead of September 11, 2001). 1040 ez instructions 2013 For more information on the Act, see Publication 3920. 1040 ez instructions 2013 Claim for Credit or Refund If any of these tax-forgiveness situations applies to a prior year tax, any tax paid for which the period for filing a claim has not ended will be credited or refunded. 1040 ez instructions 2013 If any tax is still due, it will be canceled. 1040 ez instructions 2013 The normal period for filing a claim for credit or refund is 3 years after the return was filed or 2 years after the tax was paid, whichever is later. 1040 ez instructions 2013 If death occurred in a combat zone or from wounds, disease, or injury incurred in a combat zone, the period for filing the claim is extended by: The amount of time served in the combat zone (including any period in which the individual was in missing status), plus The period of continuous qualified hospitalization for injury from service in the combat zone, if any, plus The next 180 days. 1040 ez instructions 2013 Qualified hospitalization means any hospitalization outside the United States and any hospitalization in the United States of not more than 5 years. 1040 ez instructions 2013 This extended period for filing the claim also applies to a member of the Armed Forces who was deployed outside the United States in a designated contingency operation. 1040 ez instructions 2013 Filing a claim. 1040 ez instructions 2013   Use the following procedures to file a claim. 1040 ez instructions 2013 If a U. 1040 ez instructions 2013 S. 1040 ez instructions 2013 individual income tax return (Form 1040, 1040A, or 1040EZ) has not been filed, you should make a claim for refund of any withheld income tax or estimated tax payments by filing Form 1040. 1040 ez instructions 2013 Form W-2, Wage and Tax Statement, must accompany all returns. 1040 ez instructions 2013 If a U. 1040 ez instructions 2013 S. 1040 ez instructions 2013 individual income tax return has been filed, you should make a claim for refund by filing Form 1040X. 1040 ez instructions 2013 You must file a separate Form 1040X for each year in question. 1040 ez instructions 2013   You must file these returns and claims at the following address for regular mail (U. 1040 ez instructions 2013 S. 1040 ez instructions 2013 Postal Service). 1040 ez instructions 2013    Internal Revenue Service 333 W. 1040 ez instructions 2013 Pershing, P5–6503 Kansas City, MO 64108   Identify all returns and claims for refund by writing “Iraq—KIA,” “Enduring Freedom—KIA,” “Kosovo Operation—KIA,” “Desert Storm—KIA,” or “Former Yugoslavia—KIA” in bold letters on the top of page 1 of the return or claim. 1040 ez instructions 2013 On the applicable return, write the same phrase on the line for total tax. 1040 ez instructions 2013 If the individual was killed in a terrorist or military action, put “KITA” on the front of the return and on the line for total tax. 1040 ez instructions 2013   Include an attachment showing the computation of the decedent's tax liability and a computation of the amount to be forgiven. 1040 ez instructions 2013 On joint returns, make an allocation of the tax as described below under Joint returns. 1040 ez instructions 2013 If you cannot make a proper allocation, attach a statement of all income and deductions allocable to each spouse and the IRS will make the proper allocation. 1040 ez instructions 2013   You must attach Form 1310 to all returns and claims for refund. 1040 ez instructions 2013 However, for exceptions to filing Form 1310, see Form 1310. 1040 ez instructions 2013 Statement of Person Claiming Refund Due a Deceased Taxpayer, under Refund, earlier. 1040 ez instructions 2013   You must also attach proof of death that includes a statement that the individual was a U. 1040 ez instructions 2013 S. 1040 ez instructions 2013 employee on the date of injury and on the date of death and died as the result of a military or terrorist action. 1040 ez instructions 2013 For military and civilian employees of the Department of Defense, attach DD Form 1300, Report of Casualty. 1040 ez instructions 2013 For other U. 1040 ez instructions 2013 S. 1040 ez instructions 2013 civilian employees killed in the United States, attach a death certificate and a certification (letter) from the federal employer. 1040 ez instructions 2013 For other U. 1040 ez instructions 2013 S. 1040 ez instructions 2013 civilian employees killed overseas, attach a certification from the Department of State. 1040 ez instructions 2013   If you do not have enough tax information to file a timely claim for refund, you can suspend the period for filing a claim by filing Form 1040X. 1040 ez instructions 2013 Attach Form 1310, any required documentation currently available, and a statement that you will file an amended claim as soon as you have the required tax information. 1040 ez instructions 2013 Joint returns. 1040 ez instructions 2013   If a joint return was filed, only the decedent's part of the income tax liability is eligible for forgiveness. 1040 ez instructions 2013 Determine the decedent's tax liability as follows. 1040 ez instructions 2013 Figure the income tax for which the decedent would have been liable if a separate return had been filed. 1040 ez instructions 2013 Figure the income tax for which the spouse would have been liable if a separate return had been filed. 1040 ez instructions 2013 Multiply the joint tax liability by a fraction. 1040 ez instructions 2013 The numerator of the fraction is the amount in (1), above. 1040 ez instructions 2013 The denominator of the fraction is the total of (1) and (2). 1040 ez instructions 2013   The resulting amount from (3) above is the decedent's tax liability eligible for forgiveness. 1040 ez instructions 2013 Filing Reminders To minimize the time needed to process the decedent's final return and issue any refund, be sure to follow these procedures. 1040 ez instructions 2013 Write “DECEASED,” the decedent's name, and the date of death across the top of the tax return. 1040 ez instructions 2013 If a personal representative has been appointed, the personal representative must sign the return. 1040 ez instructions 2013 If it is a joint return, the surviving spouse must also sign it. 1040 ez instructions 2013 If you are the decedent's spouse filing a joint return with the decedent and no personal representative has been appointed, write “Filing as surviving spouse” in the area where you sign the return. 1040 ez instructions 2013 If no personal representative has been appointed and if there is no surviving spouse, the person in charge of the decedent's property must file and sign the return as “personal representative. 1040 ez instructions 2013 ” To claim a refund for the decedent, do the following. 1040 ez instructions 2013 If you are the decedent's spouse filing a joint return with the decedent, file only the tax return to claim the refund. 1040 ez instructions 2013 If you are the personal representative and the return is not a joint return filed with the decedent's surviving spouse, file the return and attach a copy of the certificate that shows your appointment by the court. 1040 ez instructions 2013 (A power of attorney or a copy of the decedent's will is not acceptable evidence of your appointment as the personal representative. 1040 ez instructions 2013 ) If you are filing an amended return, attach Form 1310 and a copy of the certificate of appointment (or, if you have already sent the certificate of appointment to IRS, write “Certificate Previously Filed” at the bottom of Form 1310). 1040 ez instructions 2013 If you are not filing a joint return as the surviving spouse and a personal representative has not been appointed, file the return and attach Form 1310. 1040 ez instructions 2013 Other Tax Information Discussed below is information about the effect of an individual's death on the income tax liability of the survivors (including widows and widowers), the beneficiaries, and the estate. 1040 ez instructions 2013 Tax Benefits for Survivors Survivors can qualify for certain benefits when filing their own income tax returns. 1040 ez instructions 2013 Joint return by surviving spouse. 1040 ez instructions 2013   A surviving spouse can file a joint return for the year of death and may qualify for special tax rates for the following 2 years, as explained under Qualifying widows and widowers, later. 1040 ez instructions 2013 Decedent as your dependent. 1040 ez instructions 2013   If the decedent qualified as your dependent for a part of the year before death, you can claim the exemption for the dependent on your tax return, regardless of when death occurred during the year. 1040 ez instructions 2013   If the decedent was your qualifying child, you may be able to claim the child tax credit or the earned income credit. 1040 ez instructions 2013 To determine if you qualify for the child tax credit, see the instructions for Form 1040, line 51; Form 1040A, line 33; or Form 1040NR, line 48. 1040 ez instructions 2013 To determine if you qualify for the earned income credit, see the instructions for Form 1040, lines 64a and 64b or Form 1040A, lines 38a and 38b. 1040 ez instructions 2013 Qualifying widows and widowers. 1040 ez instructions 2013   If your spouse died within the 2 tax years preceding the year for which your return is being filed, you may be eligible to claim the filing status of qualifying widow(er) with dependent child and qualify to use the married-filing-jointly tax rates. 1040 ez instructions 2013 Requirements. 1040 ez instructions 2013   Generally, you qualify for this special benefit if you meet all of the following requirements. 1040 ez instructions 2013 You were entitled to file a joint return with your spouse for the year of death—whether or not you actually filed jointly. 1040 ez instructions 2013 You did not remarry before the end of the current tax year. 1040 ez instructions 2013 You have a child, stepchild, or foster child who qualifies as your dependent for the tax year. 1040 ez instructions 2013 You provide more than half the cost of maintaining your home, which is the principal residence of that child for the entire year except for temporary absences. 1040 ez instructions 2013 Example. 1040 ez instructions 2013 William Burns' wife died in 2010. 1040 ez instructions 2013 William has not remarried and continued throughout 2011 and 2012 to maintain a home for himself and his dependent child. 1040 ez instructions 2013 For 2010, he was entitled to file a joint return for himself and his deceased wife. 1040 ez instructions 2013 For 2011 and 2012, he qualifies to file as a qualifying widower with dependent child. 1040 ez instructions 2013 For later years, he may qualify to file as a head of household. 1040 ez instructions 2013 Figuring your tax. 1040 ez instructions 2013   Check the box on line 5 (Form 1040 or 1040A) under Filing Status on your tax return. 1040 ez instructions 2013 Use the Tax Rate Schedule or the column in the Tax Table for Married filing jointly, which gives you the split-income benefits. 1040 ez instructions 2013   The last year you can file jointly with, or claim an exemption for, your deceased spouse is the year of death. 1040 ez instructions 2013 Joint return filing rules. 1040 ez instructions 2013   If you are the surviving spouse and a personal representative is handling the estate for the decedent, you should coordinate filing your return for the year of death with this personal representative. 1040 ez instructions 2013 See Joint Return under Final Income Tax Return for Decedent—Form 1040, earlier. 1040 ez instructions 2013 Income in Respect of a Decedent All income the decedent would have received had death not occurred that was not properly includible on the final return, discussed earlier, is income in respect of a decedent. 1040 ez instructions 2013 If the decedent is a specified terrorist victim (see Specified Terrorist Victim, earlier), income received after the date of death and before the end of the decedent's tax year (determined without regard to death) is excluded from the recipient's gross income. 1040 ez instructions 2013 This exclusion does not apply to certain income. 1040 ez instructions 2013 For more information, see Publication 3920. 1040 ez instructions 2013 How To Report Income in respect of a decedent must be included in the income of one of the following. 1040 ez instructions 2013 The decedent's estate, if the estate receives it. 1040 ez instructions 2013 The beneficiary, if the right to income is passed directly to the beneficiary and the beneficiary receives it. 1040 ez instructions 2013 Any person to whom the estate properly distributes the right to receive it. 1040 ez instructions 2013 If you have to include income in respect of a decedent in your gross income and an estate tax return (Form 706) was filed for the decedent, you may be able to claim a deduction for the estate tax paid on that income. 1040 ez instructions 2013 See Estate Tax Deduction, later. 1040 ez instructions 2013 Example 1. 1040 ez instructions 2013 Frank Johnson owned and operated an apple orchard. 1040 ez instructions 2013 He used the cash method of accounting. 1040 ez instructions 2013 He sold and delivered 1,000 bushels of apples to a canning factory for $2,000, but did not receive payment before his death. 1040 ez instructions 2013 The proceeds from the sale are income in respect of a decedent. 1040 ez instructions 2013 When the estate was settled, payment had not been made and the estate transferred the right to the payment to his widow. 1040 ez instructions 2013 When Frank's widow collects the $2,000, she must include that amount in her return. 1040 ez instructions 2013 It is not reported on the final return of the decedent or on the return of the estate. 1040 ez instructions 2013 Example 2. 1040 ez instructions 2013 Assume the same facts as in Example 1, except that Frank used the accrual method of accounting. 1040 ez instructions 2013 The amount accrued from the sale of the apples would be included on his final return. 1040 ez instructions 2013 Neither the estate nor the widow would realize income in respect of a decedent when the money is later paid. 1040 ez instructions 2013 Example 3. 1040 ez instructions 2013 On February 1, George High, a cash method taxpayer, sold his tractor for $3,000, payable March 1 of the same year. 1040 ez instructions 2013 His adjusted basis in the tractor was $2,000. 1040 ez instructions 2013 George died on February 15, before receiving payment. 1040 ez instructions 2013 The gain to be reported as income in respect of a decedent is the $1,000 difference between the decedent's basis in the property and the sale proceeds. 1040 ez instructions 2013 In other words, the income in respect of a decedent is the gain the decedent would have realized had he lived. 1040 ez instructions 2013 Example 4. 1040 ez instructions 2013 Cathy O'Neil was entitled to a large salary payment at the date of her death. 1040 ez instructions 2013 The amount was to be paid in five annual installments. 1040 ez instructions 2013 The estate, after collecting two installments, distributed the right to the remaining installments to you, the beneficiary. 1040 ez instructions 2013 The payments are income in respect of a decedent. 1040 ez instructions 2013 None of the payments were includible on Cathy's final return. 1040 ez instructions 2013 The estate must include in its income the two installments it received, and you must include in your income each of the three installments as you receive them. 1040 ez instructions 2013 Example 5. 1040 ez instructions 2013 You inherited the right to receive renewal commissions on life insurance sold by your father before his death. 1040 ez instructions 2013 You inherited the right from your mother, who acquired it by bequest from your father. 1040 ez instructions 2013 Your mother died before she received all the commissions she had the right to receive, so you received the rest. 1040 ez instructions 2013 The commissions are income in respect of a decedent. 1040 ez instructions 2013 None of these commissions were includible in your father's final return. 1040 ez instructions 2013 The commissions received by your mother were included in her income. 1040 ez instructions 2013 The commissions you received are not includible in your mother's income, even on her final return. 1040 ez instructions 2013 You must include them in your income. 1040 ez instructions 2013 Character of income. 1040 ez instructions 2013   The character of the income you receive in respect of a decedent remains the same as it would have been to the decedent if he or she were alive. 1040 ez instructions 2013 If the income would have been a capital gain to the decedent, it will be a capital gain to you. 1040 ez instructions 2013 Transfer of right to income. 1040 ez instructions 2013   If you transfer your right to income in respect of a decedent, you must include in your income the greater of: The amount you receive for the right, or The fair market value of the right you transfer. 1040 ez instructions 2013   If you make a gift of such a right, you must include in your income the fair market value of the right at the time of the gift. 1040 ez instructions 2013   If the right to income from an installment obligation is transferred, the amount you must include in income is reduced by the basis of the obligation. 1040 ez instructions 2013 See Installment obligations, later. 1040 ez instructions 2013 Transfer defined. 1040 ez instructions 2013   A transfer for this purpose includes a sale, exchange, or other disposition, the satisfaction of an installment obligation at other than face value, or the cancellation of an installment obligation. 1040 ez instructions 2013 Installment obligations. 1040 ez instructions 2013   If the decedent sold property using the installment method and you are collecting payments on an installment obligation acquired from the decedent, use the same gross profit percentage the decedent used to figure the part of each payment that represents profit. 1040 ez instructions 2013 Include in your income the same profit the decedent would have included had death not occurred. 1040 ez instructions 2013 For more information, see Publication 537, Installment Sales. 1040 ez instructions 2013   If you dispose of an installment obligation acquired from a decedent (other than by transfer to the obligor), the rules explained in Publication 537 for figuring gain or loss on the disposition apply to you. 1040 ez instructions 2013 Transfer to obligor. 1040 ez instructions 2013   A transfer of a right to income, discussed earlier, has occurred if the decedent (seller) sold property using the installment method and the installment obligation was transferred to the obligor (buyer or person legally obligated to pay the installments). 1040 ez instructions 2013 A transfer also occurs if the obligation was canceled either at death or by the estate or person receiving the obligation from the decedent. 1040 ez instructions 2013 An obligation that becomes unenforceable is treated as having been canceled. 1040 ez instructions 2013   If such a transfer occurs, the amount included in the income of the transferor (the estate or beneficiary) is the greater of the amount received or the fair market value of the installment obligation at the time of transfer, reduced by the basis of the obligation. 1040 ez instructions 2013 The basis of the obligation is the decedent's basis, adjusted for all installment payments received after the decedent's death and before the transfer. 1040 ez instructions 2013   If the decedent and obligor were related persons, the fair market value of the obligation cannot be less than its face value. 1040 ez instructions 2013 Specific Types of Income in Respect of a Decedent This section explains and provides examples of some specific types of income in respect of a decedent. 1040 ez instructions 2013 Wages. 1040 ez instructions 2013   The entire amount of wages or other employee compensation earned by the decedent but unpaid at the time of death is income in respect of a decedent. 1040 ez instructions 2013 The income is not reduced by any amounts withheld by the employer. 1040 ez instructions 2013 If the income is $600 or more, the employer should report it in box 3 of Form 1099-MISC, Miscellaneous Income, and give the recipient a copy of the form or a similar statement. 1040 ez instructions 2013   Wages paid as income in respect of a decedent are not subject to federal income tax withholding. 1040 ez instructions 2013 However, if paid during the calendar year of death, they are subject to withholding for social security and Medicare taxes. 1040 ez instructions 2013 These taxes should be included on the decedent's Form W-2 along with the taxes withheld before death. 1040 ez instructions 2013 These wages are not included in box 1 of Form W-2. 1040 ez instructions 2013   Wages paid as income in respect of a decedent after the year of death generally are not subject to withholding for any federal taxe
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Halloween

On Halloween—October 31—many American children dress up in funny or scary costumes and go "trick or treating" by knocking on doors in their neighborhood. The neighbors are expected to respond by giving them candy or other small gifts. Children and adults also might celebrate Halloween with costume parties.


Halloween Safety

  • Child Pedestrian Safety on Halloween
    Children are four times more likely to be in fatal pedestrian accidents on Halloween than on any other night of the year.
  • Decorative Contact Lenses – How to Buy Them Safely
    Decorative contact lenses are prescription devices that should only be purchased from authorized distributors. Using over-the-counter lenses could lead to eye damage or even blindness. Learn how to buy and use decorative contact lenses safely.
  • Halloween Food Safety
    Party food safety advice from the manager of the USDA Meat and Poultry Hotline.
  • Halloween Food Safety Tips
    Steps to help your children have a safe Halloween, and tips for Halloween parties, from the U.S. Food and Drug Administration.
  • Halloween Health and Safety Tips
    Tips to help make the festivities fun and safe for trick-or-treaters and party guests.
  • Halloween Safety Tips
    Stay safe this Halloween with safety tips from the U.S. Consumer Product Safety Commission. (PDF)
  • Makeup Safety
    Help keep your fun from leaving you with a rash, swollen eyelids, or other grief.
  • Reduce Halloween Candy Overload
    Do you want to stop children from eating too much candy this Halloween? The U.S. Department of Health and Human Services offers tips—like giving out stickers, toys, or bubbles instead of candy, and trading a toy or extra allowance for your children's candy.
  • Stay Safe and Healthy This Halloween
    Ideas for safe costumes, healthy treats, safe trick-or-treating, and staying active this Halloween, from the Centers for Disease Control and Prevention.

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Halloween Facts and Fun

  • Halloween Around the World
    Festivals commemorating the dead can be found in many cultures. Learn more from the National Endowment for the Humanities.
  • Halloween at the White House
    Photos of White House Halloween festivities from years past.
  • Halloween by the Numbers
    How many millions of pounds of pumpkins are produced each year in the U.S.? And how many pounds of candy does an American eat annually? The U.S. Census Department knows.
  • Halloween Capital of the World
    Did you know that Halloween has a capital? Find out where, from the Library of Congress.

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Especially for Kids

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History of Halloween

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Halloween Recipes

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The 1040 Ez Instructions 2013

1040 ez instructions 2013 13. 1040 ez instructions 2013   Base de Bienes Table of Contents Introduction Useful Items - You may want to see: Base de CostoBienes Raíces Base AjustadaAumentos a la Base Disminuciones a la Base Base Distinta al CostoBienes Recibidos por Servicios Intercambios Sujetos a Impuestos Conversiones Involuntarias Intercambios no Sujetos a Impuestos Bienes Traspasados de un Cónyuge Bienes Recibidos como Donación Bienes Heredados Bienes de Uso Personal Cambiados a Uso Comercial o de Alquiler Acciones y Bonos Introduction Este capítulo explica cómo calcular la base de bienes. 1040 ez instructions 2013 Se divide en las siguientes secciones: Base de costo. 1040 ez instructions 2013 Base ajustada. 1040 ez instructions 2013 Base distinta al costo. 1040 ez instructions 2013 Su base es la cantidad de inversión en bienes para propósitos no sujetos a impuestos. 1040 ez instructions 2013 Use la base para calcular las pérdidas o ganancias provenientes de la venta, intercambio u otra enajenación de bienes. 1040 ez instructions 2013 Además, use la base para calcular las deducciones por depreciación, amortización, agotamiento y pérdidas fortuitas. 1040 ez instructions 2013 Si usa bienes para propósitos tanto comerciales como de inversión y personales, tiene que distribuir la base de acuerdo con el uso. 1040 ez instructions 2013 Sólo se puede depreciar la base asignada al uso comercial o de inversión de los bienes. 1040 ez instructions 2013 Su base original de los bienes se ajusta (aumenta o disminuye) según ciertos hechos. 1040 ez instructions 2013 Por ejemplo, si realiza mejoras a los bienes, aumente la base. 1040 ez instructions 2013 Si hace deducciones por depreciación o pérdidas fortuitas, o reclama ciertos créditos, reduzca la base. 1040 ez instructions 2013 Mantenga documentación precisa de todos los artículos que afecten la base de sus bienes. 1040 ez instructions 2013 Para más información sobre cómo mantener dicha documentación, consulte el capítulo 1 . 1040 ez instructions 2013 Useful Items - You may want to see: Publicación 15-B Employer's Tax Guide to Fringe Benefits (Guía tributaria sobre beneficios marginales para empleadores), en inglés 525 Taxable and Nontaxable Income (Ingresos sujetos a impuestos y no sujetos a impuestos), en inglés 535 Business Expenses (Gastos de negocio), en inglés 537 Installment Sales (Ventas a plazos), en inglés 544 Sales and Other Dispositions of Assets (Ventas y otras enajenaciones de activos), en inglés 550 Investment Income and Expenses (Ingresos y gastos de inversión), en inglés 551 Basis of Assets (Base de activos), en inglés 946 How To Depreciate Property (Cómo depreciar los bienes), en inglés Base de Costo La base de los bienes comprados normalmente es el costo de dichos bienes. 1040 ez instructions 2013 El costo es la cantidad que usted paga en efectivo, obligaciones de deuda, otros bienes o servicios. 1040 ez instructions 2013 Éste también puede incluir cantidades que paga por los siguientes artículos: Impuesto sobre ventas, Flete, Instalación y pruebas, Impuestos sobre artículos de uso y consumo, Honorarios legales y contables (cuando se tienen que capitalizar), Timbres de recaudación de impuestos, Costos de registro e Impuestos sobre bienes raíces (si usted los asume por el vendedor). 1040 ez instructions 2013 Además, la base de activos de bienes raíces y de negocios puede incluir otros artículos. 1040 ez instructions 2013 Préstamos con intereses bajos o sin intereses. 1040 ez instructions 2013    Si compra bienes con un plan de pago a plazos con bajos intereses o sin intereses, la base de los bienes es el precio de compra establecido menos las cantidades consideradas intereses no establecidos. 1040 ez instructions 2013 Por lo general, se tienen intereses no establecidos si la tasa de interés es menor que la tasa federal correspondiente. 1040 ez instructions 2013   Para obtener más información, consulte Unstated Interest and Original Issue Discount (OID) (Intereses no establecidos y descuento de la emisión original (OID, por sus siglas en inglés)) en la Publicación 537, en inglés. 1040 ez instructions 2013 Bienes Raíces Los bienes raíces, conocidos también como bienes inmuebles, consisten en tierra y, normalmente, todo lo que esté construido sobre esta tierra, lo que crezca en ella y todo lo instalado en ésta. 1040 ez instructions 2013 Si compra bienes raíces, algunos honorarios y otros gastos que usted pague son parte de la base de costo de los bienes. 1040 ez instructions 2013 Compra por suma global. 1040 ez instructions 2013   Si compra edificios junto con la tierra por una suma global, asigne la base del costo entre la tierra y los edificios. 1040 ez instructions 2013 Asigne el costo según los valores justos de mercado (FMV, por sus siglas en inglés) respectivos de la tierra y los edificios al momento de la compra. 1040 ez instructions 2013 Calcule la base de cada uno de los activos multiplicando la suma global por una fracción. 1040 ez instructions 2013 El numerador es el valor justo de mercado de dicho activo y el denominador es el valor justo de mercado de los bienes en su totalidad al momento de la compra. 1040 ez instructions 2013    Si no está seguro del valor justo de mercado de la tierra y los edificios, puede asignar la base de dichos bienes conforme a sus valores tasados para propósitos del impuesto sobre bienes raíces. 1040 ez instructions 2013 Valor justo de mercado (FMV). 1040 ez instructions 2013   El valor justo de mercado (FMV, por sus siglas en inglés) es el precio por el cual los bienes cambian de propietario entre un comprador y un vendedor, cuando ninguno tiene la obligación de comprar o vender y cuando ambos tienen conocimiento razonable de todo hecho necesario. 1040 ez instructions 2013 Las ventas de bienes similares alrededor de la misma fecha pueden ser útiles para calcular el valor justo de mercado de los bienes. 1040 ez instructions 2013 Asunción de hipoteca. 1040 ez instructions 2013   Si compra bienes y asume una hipoteca existente sobre los bienes (o si compra bienes sujetos a hipoteca), su base incluye la cantidad que paga por los bienes más la cantidad que se tiene que pagar sobre la hipoteca. 1040 ez instructions 2013 Cargos de liquidación. 1040 ez instructions 2013   Su base incluye los cargos de liquidación y los costos de cierre que pagó por comprar los bienes. 1040 ez instructions 2013 Un cargo por comprar bienes es un costo que se tiene que pagar aun si compra los bienes en efectivo. 1040 ez instructions 2013 No incluya en su base cargos ni costos por obtener un préstamo sobre los bienes. 1040 ez instructions 2013   Los siguientes son algunos de los cargos por liquidación o costos de cierre que puede incluir en la base de los bienes: Cargos por investigación del título de propiedad. 1040 ez instructions 2013 Cargos por conexión de servicios públicos. 1040 ez instructions 2013 Cargos por trámites legales (incluyendo cargos por la búsqueda del título y la preparación del contrato de compraventa y la escritura). 1040 ez instructions 2013 Costos de registro. 1040 ez instructions 2013 Cargos por estudios topográficos. 1040 ez instructions 2013 Impuestos de traspaso. 1040 ez instructions 2013 Seguro de título de la propiedad. 1040 ez instructions 2013 Cantidades que adeuda el vendedor y que usted acuerda pagar, como impuestos o intereses atrasados, costos de registro y cargos hipotecarios, cargos por mejoras o reparaciones y comisiones por ventas. 1040 ez instructions 2013   Los costos de liquidación no incluyen cantidades puestas en depósito para el pago futuro de gastos como impuestos y seguro. 1040 ez instructions 2013   Los siguientes son algunos de los cargos por liquidación y costos de cierre que no puede incluir en la base de los bienes: Primas de un seguro contra hechos fortuitos. 1040 ez instructions 2013 Alquiler por ocupación de la propiedad antes del cierre. 1040 ez instructions 2013 Cargos por servicios públicos u otros servicios relacionados con la ocupación de la propiedad antes del cierre. 1040 ez instructions 2013 Cargos relacionados con la obtención de un préstamo, tales como puntos (puntos de descuento, costos originarios del préstamo), primas de seguro hipotecario, cargos por asunción del préstamo, costo de un informe de crédito y cargos por una tasación que sea requisito del prestamista. 1040 ez instructions 2013 Cargos por refinanciamiento de una hipoteca. 1040 ez instructions 2013 Impuestos sobre bienes raíces. 1040 ez instructions 2013   Si paga los impuestos sobre bienes raíces que el vendedor adeudaba sobre los bienes raíces que usted compró y el vendedor no se los reembolsa, considere estos impuestos como parte de su base. 1040 ez instructions 2013 No puede deducirlos como gasto. 1040 ez instructions 2013    Si le reembolsa al vendedor los impuestos que éste pagó por usted, normalmente puede deducir la cantidad como gasto en el año de la compra. 1040 ez instructions 2013 No incluya esta cantidad en la base de bienes. 1040 ez instructions 2013 Si no se los reembolsa al vendedor, tiene que restar esos impuestos de su base. 1040 ez instructions 2013 Puntos. 1040 ez instructions 2013   Si paga puntos para obtener un préstamo (incluyendo una hipoteca, una segunda hipoteca, una línea de crédito o un préstamo sobre el valor neto de la vivienda), no sume los puntos a la base de los bienes correspondientes. 1040 ez instructions 2013 Normalmente, los puntos se deducen a lo largo del plazo del préstamo. 1040 ez instructions 2013 Para más información sobre cómo deducir puntos, consulte el capítulo 23 . 1040 ez instructions 2013 Puntos de hipoteca de vivienda. 1040 ez instructions 2013   Le pueden corresponder reglas especiales sobre los puntos que usted y el vendedor paguen cuando usted obtenga una hipoteca para comprar su vivienda principal. 1040 ez instructions 2013 Si se cumplen ciertos requisitos, puede deducir los puntos en su totalidad para el año en que se pagaron. 1040 ez instructions 2013 Reduzca la base de su vivienda por los puntos que pagó el vendedor. 1040 ez instructions 2013 Base Ajustada Antes de calcular las pérdidas o ganancias de una venta, intercambio u otra enajenación de bienes o de calcular la depreciación, agotamiento o amortización permisibles, por regla general, tiene que realizar ciertos ajustes (aumentos o disminuciones) a la base del costo o base distinta al costo (explicadas más adelante) de los bienes. 1040 ez instructions 2013 El resultado de estos ajustes a la base es la base ajustada. 1040 ez instructions 2013 Aumentos a la Base Aumente la base de los bienes por todos los artículos correctamente sumados a una cuenta de capital. 1040 ez instructions 2013 Ejemplos de artículos que aumentan la base se encuentran en la Tabla 13-1. 1040 ez instructions 2013 Algunos de estos artículos se explican a continuación. 1040 ez instructions 2013 Mejoras. 1040 ez instructions 2013   Sume a su base de los bienes el costo de las mejoras que tengan vida útil de más de 1 año, si éstas aumentan el valor de los bienes, prolongan su vida útil o los adaptan para un uso diferente. 1040 ez instructions 2013 Por ejemplo, las mejoras incluyen la instalación de una sala de recreación en un sótano no terminado, la construcción de un baño o dormitorio adicional, la colocación de una cerca, la instalación de nueva plomería o cableado, la instalación de un nuevo tejado o la pavimentación de la entrada de autos. 1040 ez instructions 2013 Gravámenes por mejoras locales. 1040 ez instructions 2013   Sume a la base de los bienes los cargos por mejoras como calles y aceras o banquetas, si éstas aumentan el valor de los bienes. 1040 ez instructions 2013 No deduzca dichos cargos como impuestos. 1040 ez instructions 2013 Sin embargo, puede deducir como impuestos los cargos por mantenimiento, reparaciones o cargos de intereses relacionados con las mejoras. 1040 ez instructions 2013 Ejemplo. 1040 ez instructions 2013 El ayuntamiento transforma la calle ubicada frente a su tienda en un paseo peatonal y le tasa un gravamen a la propiedad de usted y a las de otros propietarios afectados por el costo del cambio de la calle. 1040 ez instructions 2013 Sume dicho cargo a la base de sus bienes. 1040 ez instructions 2013 En este ejemplo, el cargo es un activo depreciable. 1040 ez instructions 2013 Disminuciones a la Base Reduzca la base de bienes por todo lo que represente un rendimiento de capital en el período durante el cual tuvo los bienes. 1040 ez instructions 2013 Los ejemplos de artículos que reducen la base se encuentran en la Tabla 13-1. 1040 ez instructions 2013 Algunos de estos artículos se explican a continuación. 1040 ez instructions 2013 Tabla 13-1. 1040 ez instructions 2013 Ejemplos de Ajustes a la Base Aumentos a la Base Disminuciones a la Base • Mejoras de capital: • Exclusión en los ingresos de subsidios  por sistemas de ahorro de energía   Ampliación de la vivienda     Instalación de un tejado completo     Pavimentación de la entrada de autos • Deducciones por pérdidas fortuitas o  por robo y reembolsos de seguros   Instalación de aire acondicionado central     Cambio del cableado en la vivienda         • Gravámenes por mejoras locales: • Ganancia aplazada de la venta de una  vivienda   Conexiones de agua     Extensión de cables de servicios públicos   hasta la propiedad • Crédito por vehículos con motor  alternativo (Formulario 8910)   Banquetas o aceras     Calles       • Crédito por bienes para recargar  vehículos de combustible alternativo   (Formulario 8911)             • Pérdidas por hechos fortuitos:  Restauración de bienes dañados   • Créditos por energía eficaz  residencial (Formulario 5695)         • Depreciación y deducción conforme a  la sección 179       • Honorarios legales: • Distribuciones de sociedades  anónimas no sujetos a impuestos   Costo de defender y perfeccionar un título   de propiedad     Honorarios por obtener la reducción de un   gravamen del ayuntamiento • Determinadas deudas canceladas  excluidas de los ingresos       • Costos de zonificación • Servidumbres (derechos de acceso  a la propiedad)         • Beneficios tributarios por adopción Pérdidas por hecho fortuito y robo. 1040 ez instructions 2013   Si tiene pérdidas por hecho fortuito o por robo, reste de la base de los bienes el dinero del seguro u otros reembolsos y las pérdidas deducibles no cubiertas por el seguro. 1040 ez instructions 2013    Tiene que aumentar la base de los bienes por la cantidad que gaste en reparaciones que restauren los bienes a su condición previa al hecho fortuito. 1040 ez instructions 2013   Para obtener más información acerca de las pérdidas fortuitas y por robo, consulte el capítulo 25 . 1040 ez instructions 2013 Depreciación y deducción conforme a la sección 179. 1040 ez instructions 2013   Reste de la base de la propiedad comercial calificada las deducciones que haya declarado conforme a la sección 179 y la depreciación que haya deducido, o pudo haber deducido (incluyendo todo descuento especial por depreciación), en la declaración de impuestos según el método de depreciación que seleccionó. 1040 ez instructions 2013   Para obtener más información acerca de la depreciación y la deducción conforme a la sección 179, consulte la Publicación 946 y las Instrucciones del Formulario 4562, ambas en inglés. 1040 ez instructions 2013 Ejemplo. 1040 ez instructions 2013 Usted fue propietario de un dúplex usado como vivienda de alquiler que le costó $40,000, de los cuales $35,000 fueron asignados al edificio y $5,000 al terreno. 1040 ez instructions 2013 Hizo una ampliación al dúplex que costó $10,000. 1040 ez instructions 2013 En febrero del año pasado, el dúplex sufrió daños por un incendio. 1040 ez instructions 2013 Hasta ese momento, usted había descontado una depreciación de $23,000. 1040 ez instructions 2013 Vendió algunos materiales rescatados del siniestro por $1,300 y cobró $19,700 de la compañía de seguros. 1040 ez instructions 2013 Dedujo una pérdida fortuita de $1,000 en su declaración de impuestos sobre el ingreso del año pasado. 1040 ez instructions 2013 Gastó $19,000 del dinero del seguro para la restauración del dúplex, que se completó este año. 1040 ez instructions 2013 Tiene que usar la base ajustada del dúplex después de la restauración para determinar la depreciación para el resto del período de recuperación de la propiedad. 1040 ez instructions 2013 Calcule la base ajustada del dúplex de la siguiente manera: Costo original del dúplex $35,000 Ampliación hecha al dúplex 10,000 Costo total del dúplex $45,000 Menos: Depreciación 23,000 Base ajustada antes del hecho fortuito $22,000 Menos: Dinero del seguro $19,700     Pérdida fortuita deducida 1,000     Materiales rescatados 1,300 22,000 Base ajustada después del hecho fortuito $-0- Sume: Costo de restauración del dúplex 19,000 Base ajustada después de la restauración $19,000 Nota: La base del terreno es el costo original de $5,000. 1040 ez instructions 2013 Servidumbres (derechos de acceso a la propiedad). 1040 ez instructions 2013   La cantidad recibida por otorgar una servidumbre normalmente se considera ganancia de la venta de una participación en bienes raíces. 1040 ez instructions 2013 Esto reduce la base de la parte afectada de los bienes. 1040 ez instructions 2013 Si la cantidad recibida es mayor que la base de la parte de la propiedad afectada por la servidumbre, reduzca su base de esa parte a cero y considere el remanente como una ganancia reconocida. 1040 ez instructions 2013   Si la ganancia es sobre bienes de capital, consulte el capítulo 16 para obtener más información acerca de cómo declararla. 1040 ez instructions 2013 Si la ganancia es sobre bienes usados en una ocupación o negocio, consulte la Publicación 544, en inglés, para obtener información acerca de cómo declararla. 1040 ez instructions 2013 Exclusión de subsidios por sistemas de ahorro de energía. 1040 ez instructions 2013   Puede excluir del ingreso bruto todo subsidio recibido de una compañía de servicios públicos por la compra o instalación de un sistema de ahorro de energía para una vivienda. 1040 ez instructions 2013 De la base de los bienes para los cuales recibió el subsidio, reste la cantidad excluida. 1040 ez instructions 2013 Para obtener más información acerca de este subsidio, consulte el capítulo 12 . 1040 ez instructions 2013 Ganancia aplazada de la venta de una vivienda. 1040 ez instructions 2013    Si aplazó la ganancia de la venta de su vivienda principal según las reglas en vigencia antes del 7 de mayo de 1997, tiene que restar la ganancia aplazada de la base de la vivienda que adquirió como reposición. 1040 ez instructions 2013 Para obtener más información acerca de las reglas sobre la venta de una vivienda, vea el capítulo 15 . 1040 ez instructions 2013 Base Distinta al Costo En muchas ocasiones, no puede usar el costo como base. 1040 ez instructions 2013 En estos casos, se puede usar el valor justo de mercado o la base ajustada de los bienes. 1040 ez instructions 2013 El valor justo de mercado y la base ajustada se explican en secciones anteriores. 1040 ez instructions 2013 Bienes Recibidos por Servicios Si recibe bienes por sus servicios, incluya el valor justo de mercado de dichos bienes en los ingresos. 1040 ez instructions 2013 La cantidad que incluye en los ingresos es la base. 1040 ez instructions 2013 Si los servicios se prestaron por un precio acordado con anticipación, éste se aceptará como el valor justo de mercado de los bienes si no existen pruebas de lo contrario. 1040 ez instructions 2013 Bienes restringidos. 1040 ez instructions 2013   Si recibe bienes por sus servicios y los bienes están sujetos a ciertas restricciones, la base de los bienes es el valor justo de mercado en el momento en que estén sustancialmente establecidos sus derechos a dichos bienes. 1040 ez instructions 2013 Sin embargo, esta regla no corresponde si elige incluir en los ingresos el valor justo de mercado de los bienes en el momento en que se le traspasen dichos bienes, menos la cantidad que pagó por éstos. 1040 ez instructions 2013 Su derecho sobre esos bienes están sustancialmente establecidos cuando dichos bienes se pueden traspasar o cuando no están sujetos a un riesgo importante de pérdida (es decir, usted tiene pocas probabilidades de perderlos). 1040 ez instructions 2013 Para obtener más información, consulte Restricted Property (Bienes restringidos) en la Publicación 525, en inglés. 1040 ez instructions 2013 Compra por valor inferior. 1040 ez instructions 2013   Una compra por valor inferior es una compra de un artículo por un valor menor que su valor justo de mercado. 1040 ez instructions 2013 Si, como compensación por servicios, compra productos u otros bienes por un valor menor al valor justo de mercado, incluya en su ingreso la diferencia entre el precio de compra y el valor justo de mercado de los bienes. 1040 ez instructions 2013 La base de los bienes es el valor justo de mercado (precio de compra más la cantidad que se incluye en los ingresos). 1040 ez instructions 2013   Si la diferencia entre el precio de compra y el valor justo de mercado es un descuento al empleado, no incluya la diferencia en los ingresos. 1040 ez instructions 2013 Sin embargo, la base de los bienes sigue siendo el valor justo de mercado. 1040 ez instructions 2013 Consulte Employee Discounts (Descuentos del empleado) en la Publicación 15-B, en inglés. 1040 ez instructions 2013 Intercambios Sujetos a Impuestos Un intercambio sujeto a impuestos es aquel intercambio en el que la ganancia está sujeta a impuestos o la pérdida es deducible. 1040 ez instructions 2013 Una ganancia sujeta a impuestos o pérdida deducible también se conoce como ganancia o pérdida reconocida. 1040 ez instructions 2013 Si recibe bienes como intercambio por otros bienes a través de un intercambio sujeto a impuestos, normalmente la base de los bienes que recibe es el valor justo de mercado al momento del intercambio. 1040 ez instructions 2013 Conversiones Involuntarias Si recibe bienes de reposición como resultado de una conversión involuntaria, tal como un hecho fortuito, robo o expropiación forzosa, calcule la base de los bienes de reposición usando la base de los bienes convertidos. 1040 ez instructions 2013 Bienes similares o afines. 1040 ez instructions 2013   Si recibe bienes de reposición similares o afines en servicio o uso a los bienes convertidos, la base de los bienes de reposición es la misma que la base de los bienes convertidos en la fecha de la conversión, con los siguientes ajustes: Reduzca la base por lo siguiente: Toda pérdida que reconozca en la conversión involuntaria. 1040 ez instructions 2013 Todo dinero que reciba y que no gaste en bienes afines. 1040 ez instructions 2013 Aumente la base por lo siguiente: Toda ganancia que reconozca en la conversión involuntaria. 1040 ez instructions 2013 Todo costo de adquisición de los bienes de reposición. 1040 ez instructions 2013 Dinero o bienes no similares ni afines. 1040 ez instructions 2013    Si recibe dinero o bienes no similares o no afines en servicio o uso a los bienes convertidos y compra bienes de reposición similares o afines en servicio o uso a los bienes convertidos, la base de los bienes de reposición es el costo menos la ganancia no reconocida en la conversión. 1040 ez instructions 2013 Ejemplo. 1040 ez instructions 2013 El estado expropió sus bienes. 1040 ez instructions 2013 La base ajustada de los bienes era $26,000 y el estado le pagó $31,000 por éstos. 1040 ez instructions 2013 Usted obtuvo una ganancia de $5,000 ($31,000 − $26,000). 1040 ez instructions 2013 Por $29,000 compró bienes de reposición similares en uso a los bienes convertidos. 1040 ez instructions 2013 Obtiene una ganancia de $2,000 ($31,000 − $29,000), la parte no gastada del pago que recibió del estado. 1040 ez instructions 2013 Su ganancia no reconocida es $3,000, la diferencia entre los $5,000 de ganancia obtenida y los $2,000 de ganancia reconocida. 1040 ez instructions 2013 La base de los bienes de reposición se calcula de la siguiente manera: Costo de los bienes de reposición $29,000 Menos: Ganancia no reconocida 3,000 Base de los bienes de reposición $26,000 Cómo distribuir la base. 1040 ez instructions 2013   Si compra más de una propiedad de reposición, distribuya la base entre los bienes de acuerdo con los costos respectivos. 1040 ez instructions 2013 Base de depreciación. 1040 ez instructions 2013   Hay reglas especiales para determinar y depreciar la base de los bienes MACRS (Sistema modificado de recuperación acelerada de costos) adquiridos en una conversión involuntaria. 1040 ez instructions 2013 Para información, vea What Is the Basis of Your Depreciable Property? (¿Cuál es la base de los bienes depreciables?), en el capítulo 1 de la Publicación 946, en inglés. 1040 ez instructions 2013 Intercambios no Sujetos a Impuestos Un intercambio no sujeto a impuestos es aquel intercambio en el que no se gravan las ganancias y no se pueden deducir las pérdidas. 1040 ez instructions 2013 Si recibe bienes por intercambio no sujetos a impuestos, normalmente la base es la misma que la base de los bienes que traspasó. 1040 ez instructions 2013 Consulte Canjes no Sujetos a Impuestos en el capítulo 14. 1040 ez instructions 2013 Intercambios de Bienes del Mismo Tipo El intercambio de bienes del mismo tipo es la clase más común de intercambio no sujeto a impuestos. 1040 ez instructions 2013 Para considerarse intercambio de bienes del mismo tipo, tanto los bienes canjeados como los bienes recibidos tienen que ser los siguientes: Bienes calificados. 1040 ez instructions 2013 Bienes del mismo tipo. 1040 ez instructions 2013 La base de los bienes que recibe normalmente es la misma que la base ajustada de los bienes que traspase. 1040 ez instructions 2013 Si canjea los bienes en un intercambio de bienes del mismo tipo y también paga dinero, la base de los bienes recibidos es la base ajustada de los bienes que entregó más el dinero que pagó. 1040 ez instructions 2013 Bienes calificados. 1040 ez instructions 2013   En un intercambio de bienes del mismo tipo, tiene que mantener para inversión o uso productivo en su ocupación o negocio tanto los bienes que traspase como los bienes que reciba. 1040 ez instructions 2013 Bienes del mismo tipo. 1040 ez instructions 2013   Tiene que haber un intercambio de bienes del mismo tipo. 1040 ez instructions 2013 Los bienes del mismo tipo son bienes de la misma naturaleza o carácter, aun si son de grado o calidad diferente. 1040 ez instructions 2013 El intercambio de bienes raíces por bienes raíces, o de bienes muebles por bienes muebles similares, es un intercambio de bienes del mismo tipo. 1040 ez instructions 2013 Ejemplo. 1040 ez instructions 2013 Usted canjea un camión viejo que usó en su negocio con una base ajustada de $1,700 por un camión nuevo que tiene un costo de $6,800. 1040 ez instructions 2013 El concesionario le hace un descuento de $2,000 por el camión viejo y usted paga $4,800. 1040 ez instructions 2013 Esto es un ejemplo de un intercambio de bienes del mismo tipo. 1040 ez instructions 2013 La base del camión nuevo es $6,500 (la base ajustada del camión viejo, $1,700, más la cantidad que pagó, $4,800). 1040 ez instructions 2013 Si vende el camión viejo a un tercero por $2,000, en lugar de hacer un canje y luego comprar un camión nuevo a un concesionario, usted tiene una ganancia sujeta a impuestos de $300 sobre la venta (el precio de venta de $2,000 menos la base ajustada de $1,700). 1040 ez instructions 2013 La base del camión nuevo es el precio que paga al concesionario. 1040 ez instructions 2013 Intercambios parcialmente no sujetos a impuestos. 1040 ez instructions 2013   Un intercambio parcialmente no sujeto a impuestos es un intercambio en el que usted recibe bienes que no son del mismo tipo o dinero, además de bienes del mismo tipo. 1040 ez instructions 2013 La base de los bienes que recibe es igual a la base ajustada total de los bienes que traspasó, con los siguientes ajustes: Reduzca la base por lo siguiente: Todo el dinero que reciba. 1040 ez instructions 2013 Todas las pérdidas que reconozca en el intercambio. 1040 ez instructions 2013 Aumente la base por lo siguiente: Todos los costos adicionales en los que incurra. 1040 ez instructions 2013 Todas las ganancias que reconozca en el intercambio. 1040 ez instructions 2013 Si la otra parte implicada en el intercambio asume las deudas que le pertenecen a usted, trate la asunción de deuda como dinero que usted recibió en el intercambio. 1040 ez instructions 2013 Asignación de la base. 1040 ez instructions 2013   Si recibe tanto bienes del mismo tipo como bienes que no son del mismo tipo en el intercambio, asigne la base primero a los bienes que no sean del mismo tipo, excepto dinero, hasta su valor justo de mercado en la fecha del intercambio. 1040 ez instructions 2013 El resto es la base de los bienes del mismo tipo. 1040 ez instructions 2013 Información adicional. 1040 ez instructions 2013   Para obtener más información, consulte Like-Kind Exchanges (Intercambios de bienes del mismo tipo) en el capítulo 1 de la Publicación 544, en inglés. 1040 ez instructions 2013 Base de depreciación. 1040 ez instructions 2013   Hay reglas especiales para determinar y depreciar la base de los bienes MACRS adquiridos en un intercambio de bienes del mismo tipo. 1040 ez instructions 2013 Para información, vea What Is the Basis of Your Depreciable Property? (¿Cuál es la base de los bienes depreciables?), en el capítulo 1 de la Publicación 946, en inglés. 1040 ez instructions 2013 Bienes Traspasados de un Cónyuge La base de los bienes traspasados a usted o traspasados en fideicomiso para su beneficio por su cónyuge es la misma base que la base ajustada de su cónyuge. 1040 ez instructions 2013 Se aplica la misma regla a un traspaso efectuado por su ex cónyuge en relación con su divorcio. 1040 ez instructions 2013 Sin embargo, para bienes traspasados en fideicomiso, ajuste la base según las ganancias reconocidas por su cónyuge o ex cónyuge si las obligaciones asumidas, más las obligaciones a las que están sujetos los bienes, son mayores que la base ajustada de los bienes traspasados. 1040 ez instructions 2013 Si los bienes que le son traspasados son bonos de ahorros estadounidenses de la serie E, serie EE o serie I, el cesionario tiene que incluir en el ingreso los intereses devengados a la fecha del traspaso. 1040 ez instructions 2013 Su base en los bonos, inmediatamente después del traspaso, es igual a la base del cesionario más el ingreso de intereses que se pueda incluir en el ingreso del cesionario. 1040 ez instructions 2013 Para obtener más información acerca de estos bonos, consulte el capítulo 7 . 1040 ez instructions 2013 Al momento del traspaso, el cesionario tiene que entregarle la documentación necesaria para determinar la base ajustada y el período de tenencia de los bienes a partir de la fecha de traspaso. 1040 ez instructions 2013 Para obtener más información acerca del traspaso de bienes de un cónyuge, consulte el capítulo 14 . 1040 ez instructions 2013 Bienes Recibidos como Donación Para calcular la base de una propiedad recibida como donación, tiene que conocer la base ajustada del donante justo antes de la donación, el valor justo de mercado de esta propiedad al momento en que se dona y los impuestos sobre donaciones pagados por dicha propiedad. 1040 ez instructions 2013 Valor justo de mercado menor que la base ajustada del donante. 1040 ez instructions 2013   Si el valor justo de mercado de los bienes al momento de la donación es menor que la base ajustada del donante, la base depende de si usted tiene ganancias o pérdidas cuando enajene los bienes. 1040 ez instructions 2013 Su base para calcular ganancias es la misma que la base ajustada del donante más o menos los ajustes requeridos a la base mientras usted tenía los bienes. 1040 ez instructions 2013 Su base para calcular pérdidas es el valor justo de mercado cuando recibió la donación más o menos los ajustes requeridos a la base mientras usted tenía los bienes. 1040 ez instructions 2013 Vea Base Ajustada , anteriormente. 1040 ez instructions 2013 Ejemplo. 1040 ez instructions 2013 Usted recibió un acre de terreno como donación. 1040 ez instructions 2013 Al momento de la donación, el terreno tenía un valor justo de mercado de $8,000. 1040 ez instructions 2013 La base ajustada del donante era $10,000. 1040 ez instructions 2013 Después de recibir los bienes, no sucedió nada que aumentara ni disminuyera la base de los mismos. 1040 ez instructions 2013 Si posteriormente usted vende los bienes por $12,000, tendrá una ganancia de $2,000 porque tiene que usar la base ajustada del donante al momento de la donación ($10,000) como base para calcular la ganancia. 1040 ez instructions 2013 Si vende los bienes por $7,000, tendrá una pérdida de $1,000 porque tiene que usar el valor justo de mercado al momento de la donación ($8,000) como base para calcular la pérdida. 1040 ez instructions 2013 Si el precio de venta está entre $8,000 y $10,000, no tiene ganancias ni pérdidas. 1040 ez instructions 2013 Bienes comerciales. 1040 ez instructions 2013   Si mantiene la donación como bienes comerciales, su base para calcular deducciones por depreciación, agotamiento o amortización es la misma que la base del donante más o menos los ajustes requeridos a la base mientras usted tiene los bienes. 1040 ez instructions 2013 Valor justo de mercado igual o mayor que la base ajustada del donante. 1040 ez instructions 2013   Si el valor justo de mercado de los bienes es igual o mayor que la base ajustada del donante, la base es la base ajustada del donante al momento en que usted recibió la donación. 1040 ez instructions 2013 Aumente la base por la totalidad o parte de los impuestos sobre donaciones pagados, según la fecha de donación, como se explica más adelante. 1040 ez instructions 2013   Además, para calcular las pérdidas o ganancias de una venta u otra enajenación o para calcular deducciones por depreciación, agotamiento o amortización sobre bienes comerciales, tiene que aumentar o reducir la base (la base ajustada del donante) por los ajustes requeridos a la base mientras usted tuvo los bienes. 1040 ez instructions 2013 Vea Base Ajustada , anteriormente. 1040 ez instructions 2013   Si recibió una donación durante el año tributario, aumente la base de la donación (la base ajustada del donante) por la parte del impuesto sobre donaciones pagado sobre esta donación debido al aumento neto en valor de la donación. 1040 ez instructions 2013 Calcule el aumento multiplicando el impuesto pagado sobre la donación por la siguiente fracción. 1040 ez instructions 2013 El numerador de la fracción es el aumento neto del valor de la donación y el denominador es la cantidad de la donación. 1040 ez instructions 2013   El aumento neto del valor de la donación es el valor justo de mercado de la donación menos la base ajustada del donante. 1040 ez instructions 2013 La cantidad de la donación es el valor para fines del impuesto sobre la donación después de haber sido reducida por toda exclusión anual y deducción conyugal o caritativa que corresponda a la donación. 1040 ez instructions 2013 Ejemplo. 1040 ez instructions 2013 En el año 2013, usted recibió una donación de bienes de su madre que tenía un valor justo de mercado de $50,000. 1040 ez instructions 2013 La base ajustada de su madre era $20,000. 1040 ez instructions 2013 La cantidad de la donación para propósitos del impuesto sobre donaciones era $36,000 ($50,000 menos la exclusión anual de $14,000). 1040 ez instructions 2013 Su madre pagó un impuesto sobre donaciones de $7,320 sobre los bienes. 1040 ez instructions 2013 La base de usted es $26,076, calculada de la siguiente manera: Valor justo de mercado. 1040 ez instructions 2013 $50,000 Menos: Base ajustada −20,000 Aumento neto en valor $30,000     Impuesto sobre la donación pagado $7,320 Multiplicado por ($30,000 ÷ $36,000) × 0. 1040 ez instructions 2013 83 Impuesto sobre la donación debido al aumento neto en valor $6,076 Base ajustada de los bienes para su madre +20,000 La base de los bienes para usted $26,076 Nota: Si recibió una donación antes de 1977, la base de la donación para usted (la base ajustada del donante) incluye todos los impuestos sobre donaciones pagados sobre ésta. 1040 ez instructions 2013 Sin embargo, la base no puede ser mayor que el valor justo de mercado de la donación al momento en que se le dio a usted. 1040 ez instructions 2013 Bienes Heredados Su base en bienes heredados de un difunto que falleció antes del 1 de enero de 2010 o después del 31 de diciembre de 2010, es normalmente uno de los siguientes: El valor justo de mercado de los bienes en la fecha de muerte del difunto. 1040 ez instructions 2013 El valor justo de mercado en la fecha de valuación alternativa si el representante personal del caudal hereditario elige usar una valuación alternativa. 1040 ez instructions 2013 El valor según el método de valuación de uso especial para bienes raíces usados en actividades agrícolas o en el ejercicio de un negocio estrechamente controlado por pocos accionistas si se elige para propósitos del impuesto sobre la herencia. 1040 ez instructions 2013 La base ajustada del terreno del difunto hasta el valor excluido de la herencia sujeto a impuestos del difunto como una servidumbre de conservación calificada. 1040 ez instructions 2013 Si no hay que presentar una declaración del impuesto federal sobre la herencia, la base de los bienes heredados es el valor tasado en la fecha de fallecimiento para los impuestos estatales sobre la herencia o la transmisión. 1040 ez instructions 2013 Para obtener más información, consulte las Instrucciones del Formulario 706, United States Estate (and Generation-Skipping Transfer) Tax Return (Declaración del impuesto sobre el patrimonio (y transferencia con salto de generación) de los Estados Unidos), en inglés. 1040 ez instructions 2013 Bienes heredados de un difunto que falleció en 2010. 1040 ez instructions 2013   Si heredó bienes de un difunto que falleció en 2010, pueden aplicarse requisitos especiales. 1040 ez instructions 2013 Para más información, vea la Publicación 4895, Tax Treatment of Property Acquired From a Decedent Dying in 2010 (Trato tributario de bienes adquiridos de un difunto que falleció en 2010), en inglés. 1040 ez instructions 2013 Bienes gananciales. 1040 ez instructions 2013   En las jurisdicciones donde rigen las leyes de la comunidad de bienes gananciales (Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington y Wisconsin), se considera generalmente que cada cónyuge posee la mitad de los bienes gananciales. 1040 ez instructions 2013 Al fallecer cualquiera de los cónyuges, el total del valor de los bienes gananciales, aún la parte que le pertenece al cónyuge sobreviviente, normalmente se convierte en la base de la totalidad de los bienes. 1040 ez instructions 2013 Para que esta regla corresponda, por lo menos la mitad del valor de los bienes gananciales tiene que poderse incluir en el patrimonio bruto del difunto, independientemente de si se tiene que presentar o no una declaración sobre la herencia. 1040 ez instructions 2013 Ejemplo. 1040 ez instructions 2013   Usted y su cónyuge tenían bienes gananciales cuya base era $80,000. 1040 ez instructions 2013 Cuando su cónyuge falleció, la mitad del valor justo de mercado de los bienes gananciales era incluible en el patrimonio de su cónyuge. 1040 ez instructions 2013 El valor justo de mercado de los intereses de los bienes gananciales era $100,000. 1040 ez instructions 2013 La base de su mitad de los bienes después de la muerte de su cónyuge es $50,000 (la mitad del valor justo de mercado de $100,000). 1040 ez instructions 2013 La base de la otra mitad que se pasa a los herederos de su cónyuge también es $50,000. 1040 ez instructions 2013   Para más información, vea la Publicación 555, Community Property (Comunidad de bienes gananciales), en inglés. 1040 ez instructions 2013 Bienes de Uso Personal Cambiados a Uso Comercial o de Alquiler Si tiene bienes para uso personal y luego los cambia a uso comercial o los usa para producir ingresos de alquiler, puede empezar a depreciar dichos bienes al momento del cambio. 1040 ez instructions 2013 Para hacerlo, tiene que calcular la base para propósitos de depreciación al momento del cambio. 1040 ez instructions 2013 Un ejemplo de un cambio de bienes de uso personal a uso comercial o de alquiler sería alquilar su antigua vivienda personal. 1040 ez instructions 2013 Base para propósitos de depreciación. 1040 ez instructions 2013   La base para depreciación es la menor de las siguientes cantidades: El valor justo de mercado de los bienes en la fecha del cambio. 1040 ez instructions 2013 La base ajustada en la fecha del cambio. 1040 ez instructions 2013 Ejemplo. 1040 ez instructions 2013 Hace varios años, usted pagó $160,000 por construir su casa en un terreno que costó $25,000. 1040 ez instructions 2013 Pagó $20,000 por mejoras permanentes a la vivienda y declaró una deducción por pérdidas fortuitas de $2,000 por daños a la vivienda antes de cambiar los bienes a uso de alquiler el año pasado. 1040 ez instructions 2013 Como el terreno no es depreciable, usted incluye sólo el costo de la vivienda al calcular la base para propósitos de determinar depreciación. 1040 ez instructions 2013 Su base ajustada en la vivienda, cuando cambió su uso, era $178,000 ($160,000 + $20,000 − $2,000). 1040 ez instructions 2013 En la misma fecha, su propiedad tenía un valor justo de mercado de $180,000, del cual $15,000 correspondían al terreno y $165,000 a la vivienda. 1040 ez instructions 2013 La base para calcular la depreciación de la vivienda es el valor justo de mercado en la fecha del cambio ($165,000) ya que es menor que la base ajustada ($178,000). 1040 ez instructions 2013 Venta de bienes. 1040 ez instructions 2013   Si en el futuro usted vende o enajena los bienes cambiados a uso comercial o de alquiler, la base que use dependerá de si calcula pérdidas o ganancias. 1040 ez instructions 2013 Ganancia. 1040 ez instructions 2013   La base para calcular una ganancia es la base ajustada de los bienes en el momento de la venta. 1040 ez instructions 2013 Ejemplo. 1040 ez instructions 2013 Suponga los mismos hechos que en el ejemplo anterior, excepto que usted vende los bienes obteniendo una ganancia después de descontar $37,500 por concepto de deducciones por depreciación. 1040 ez instructions 2013 Su base ajustada para calcular la ganancia es $165,500 ($178,000 + $25,000 (terreno) − $37,500). 1040 ez instructions 2013 Pérdida. 1040 ez instructions 2013   Calcule la base para una pérdida empezando con la base ajustada o el valor justo de mercado de los bienes al momento del cambio a uso comercial o de alquiler, el que sea menor. 1040 ez instructions 2013 Luego haga ajustes (aumentos y reducciones) para el período después del cambio de uso de los bienes, como se explicó anteriormente bajo Base Ajustada . 1040 ez instructions 2013 Ejemplo. 1040 ez instructions 2013 Suponga los mismos hechos que en el ejemplo anterior, excepto que usted vende los bienes con pérdida después de descontar $37,500 por concepto de deducciones por depreciación. 1040 ez instructions 2013 En este caso, empezaría con el valor justo de mercado en la fecha del cambio a uso de alquiler ($180,000), ya que es menor que la base ajustada de $203,000 ($178,000 + $25,000 (terreno)) en esa fecha. 1040 ez instructions 2013 Reste de esa cantidad ($180,000) las deducciones por depreciación ($37,500). 1040 ez instructions 2013 La base para pérdidas es $142,500 ($180,000 − $37,500). 1040 ez instructions 2013 Acciones y Bonos La base de acciones o bonos que usted compre, por lo general, es el precio de compra más los costos de la compra, como comisiones y costos de registro o de traspaso. 1040 ez instructions 2013 Si obtiene acciones o bonos por un medio que no sea la compra, la base suele determinarse por el valor justo de mercado o la base ajustada del propietario anterior, como se explica anteriormente. 1040 ez instructions 2013 Tiene que ajustar la base de las acciones según ciertos hechos que sucedan después de la compra. 1040 ez instructions 2013 Por ejemplo, si recibe acciones adicionales de dividendos de acciones no sujetas a impuestos o divisiones de acciones, reduzca la base para cada acción, dividiendo la base ajustada de las acciones antiguas entre el número de acciones antiguas y nuevas. 1040 ez instructions 2013 Esta regla se aplica sólo cuando el número de acciones adicionales recibidas es idéntico al número de acciones tenidas. 1040 ez instructions 2013 Además, reduzca la base cuando reciba distribuciones no sujetas a impuestos. 1040 ez instructions 2013 Son un rendimiento de capital. 1040 ez instructions 2013 Ejemplo. 1040 ez instructions 2013 En el año 2011, compró 100 acciones de XYZ por $1,000, o sea, a $10 por acción. 1040 ez instructions 2013 En el año 2012, compró 100 acciones de XYZ por $1,600, o sea, a $16 por acción. 1040 ez instructions 2013 En el año 2013, XYZ declaró una división de acciones de 2 por 1. 1040 ez instructions 2013 Ahora tiene 200 acciones con una base de $5 por acción y 200 acciones con una base de $8 por acción. 1040 ez instructions 2013 Otras bases. 1040 ez instructions 2013   Existen otras maneras de calcular la base de acciones o bonos, según cómo los adquirió. 1040 ez instructions 2013 Para obtener información más detallada, consulte 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. 1040 ez instructions 2013 Cómo identificar acciones o bonos vendidos. 1040 ez instructions 2013   Si puede identificar correctamente las acciones o los bonos que vendió, entonces la base de éstos es el costo u otra base de las acciones o bonos específicos. 1040 ez instructions 2013 Si compra y vende valores en fechas distintas y en cantidades distintas y no puede identificar correctamente las acciones vendidas, entonces la base de los valores que venda es la base de los valores que adquirió primero. 1040 ez instructions 2013 Para obtener más información sobre cómo identificar los valores que venda, consulte 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. 1040 ez instructions 2013 Acciones de fondos mutuos. 1040 ez instructions 2013   Si vende acciones de fondos mutuos que adquirió en fechas distintas y a precios distintos, y que dejó en depósito en una cuenta mantenida por un custodio o agente, puede optar por usar una base promedio. 1040 ez instructions 2013 Para obtener más información, consulte la Publicación 550, en inglés. 1040 ez instructions 2013 Prima de bonos. 1040 ez instructions 2013   Si compra un bono sujeto a impuestos con prima (o sea, a un precio que excede su valor nominal) y elige amortizarla, reste de la base del bono la prima amortizada que deduzca cada año. 1040 ez instructions 2013 Para obtener más información, consulte Bond Premium Amortization (Amortización de primas de bonos) en el capítulo 3 de la Publicación 550, en inglés. 1040 ez instructions 2013 Aunque no puede deducir la prima sobre un bono exento de impuestos, tiene que amortizar la prima cada año y restar la cantidad amortizada de la base del bono. 1040 ez instructions 2013 Descuento de la emisión original (OID) sobre instrumentos de deuda. 1040 ez instructions 2013   Tiene que aumentar la base de un instrumento de deuda de un descuento de la emisión original (OID, por sus siglas en inglés) por el OID que incluya en sus ingresos por ese instrumento. 1040 ez instructions 2013 Consulte Descuento de la emisión original (OID) en el capítulo 7 y la Publicación 1212, Guide to Original Issue Discount (OID) Instruments (Guía de instrumentos del descuento de la emisión original (OID)), en inglés. 1040 ez instructions 2013 Obligaciones exentas de impuestos. 1040 ez instructions 2013    Por lo general, el OID sobre las obligaciones exentas de impuestos no está sujeto a impuestos. 1040 ez instructions 2013 Sin embargo, cuando enajene una obligación exenta de impuestos emitida después del 3 de septiembre de 1982 y comprada después del 1 de marzo de 1984, tiene que acumular el OID sobre la obligación para determinar su base ajustada. 1040 ez instructions 2013 El OID acumulado se suma a la base de la obligación para determinar su pérdida o ganancia. 1040 ez instructions 2013 Consulte el cápitulo 4 de la Publicación 550, en inglés. 1040 ez instructions 2013 Prev  Up  Next   Home   More Online Publications