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1040ex Form

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1040ex Form

1040ex form 2. 1040ex form   Accounting Methods Table of Contents Introduction Topics - This chapter discusses: Useful Items - You may want to see: Accounting MethodsCash Method Accrual Method Farm Inventory Cash Versus Accrual Method Special Methods of Accounting Combination Method Changes in Methods of Accounting Introduction You must use an accounting method that clearly shows your income and expenses. 1040ex form You must also figure your taxable income and file an income tax return for an annual accounting period called a tax year. 1040ex form This chapter discusses accounting methods. 1040ex form For information on accounting periods, see Publication 538, Accounting Periods and Methods, and the Instructions for Form 1128, Application To Adopt, Change, or Retain a Tax Year. 1040ex form Topics - This chapter discusses: Cash method Accrual method Farm inventory Special methods of accounting Changes in methods of accounting Useful Items - You may want to see: Publication 538 Accounting Periods and Methods 535 Business Expenses Form (and Instructions) 1128 Application To Adopt, Change, or Retain a Tax Year 3115 Application for Change in Accounting Method See chapter 16 for information about getting publications and forms. 1040ex form Accounting Methods An accounting method is a set of rules used to determine when and how your income and expenses are reported on your tax return. 1040ex form Your accounting method includes not only your overall method of accounting, but also the accounting treatment you use for any material item. 1040ex form A material item is one that affects the proper time for inclusion of income or allowance of a deduction. 1040ex form An item considered material for financial statement purposes is generally also considered material for income tax purposes. 1040ex form See Publication 538 for more information. 1040ex form You generally choose an accounting method for your farm business when you file your first income tax return that includes a Schedule F (Form 1040), Profit or Loss From Farming. 1040ex form If you later want to change your accounting method, you generally must get IRS approval. 1040ex form How to obtain IRS approval is discussed later under Changes in Methods of Accounting . 1040ex form Types of accounting methods. 1040ex form   Generally, you can use any of the following accounting methods. 1040ex form Each method is discussed in detail below. 1040ex form Cash method. 1040ex form Accrual method. 1040ex form Special methods of accounting for certain items of income and expenses. 1040ex form Combination (hybrid) method using elements of two or more of the above. 1040ex form Business and other items. 1040ex form   You can account for business and personal items using different accounting methods. 1040ex form For example, you can figure your business income under an accrual method, even if you use the cash method to figure personal items. 1040ex form Two or more businesses. 1040ex form   If you operate two or more separate and distinct businesses, you can use a different accounting method for each business. 1040ex form Generally, no business is separate and distinct unless a complete and separate set of books and records is maintained for each business. 1040ex form Cash Method Most farmers use the cash method because they find it easier to keep records using the cash method. 1040ex form However, certain farm corporations and partnerships and all tax shelters must use an accrual method of accounting. 1040ex form See Accrual Method Required , later. 1040ex form Income Under the cash method, include in your gross income all items of income you actually or constructively received during the tax year. 1040ex form Items of income include money received as well as property or services received. 1040ex form If you receive property or services, you must include the fair market value (FMV) of the property or services in income. 1040ex form See chapter 3 for information on how to report farm income on your income tax return. 1040ex form Constructive receipt. 1040ex form   Income is constructively received when an amount is credited to your account or made available to you without restriction. 1040ex form You do not need to have possession of the income for it to be treated as income for the tax year. 1040ex form If you authorize someone to be your agent and receive income for you, you are considered to have received the income when your agent receives it. 1040ex form Income is not constructively received if your receipt of the income is subject to substantial restrictions or limitations. 1040ex form Direct payments and counter-cyclical payments. 1040ex form   If you received direct payments or counter-cyclical payments under Subtitle A or C of the Farm Security and Rural Investment Act of 2002, you will not be considered to have constructively received a payment merely because you had the option to receive it in the year before it is required to be paid. 1040ex form Delaying receipt of income. 1040ex form   You cannot hold checks or postpone taking possession of similar property from one tax year to another to avoid paying tax on the income. 1040ex form You must report the income in the year the money or property is received or made available to you without restriction. 1040ex form Example. 1040ex form Frances Jones, a farmer, was entitled to receive a $10,000 payment on a grain contract in December 2013. 1040ex form She was told in December that her payment was available. 1040ex form She requested not to be paid until January 2014. 1040ex form However, she must still include this payment in her 2013 income because it was made available to her in 2013. 1040ex form Debts paid by another person or canceled. 1040ex form   If your debts are paid by another person or are canceled by your creditors, you may have to report part or all of this debt relief as income. 1040ex form If you receive income in this way, you constructively receive the income when the debt is canceled or paid. 1040ex form See Cancellation of Debt in chapter 3. 1040ex form Deferred payment contract. 1040ex form   If you sell an item under a deferred payment contract that calls for payment in a future year, there is no constructive receipt in the year of sale. 1040ex form However, if the sales contract states that you have the right to the proceeds of the sale from the buyer at any time after delivery of the item, then you must include the sales price in income in the year of the sale, regardless of when you actually receive payment. 1040ex form Example. 1040ex form You are a farmer who uses the cash method and a calendar tax year. 1040ex form You sell grain in December 2013 under a bona fide arm's-length contract that calls for payment in 2014. 1040ex form You include the proceeds from the sale in your 2014 gross income since that is the year payment is received. 1040ex form However, if the contract states that you have the right to the proceeds from the buyer at any time after the grain is delivered, you must include the sales price in your 2013 income, regardless of when you actually receive payment. 1040ex form Repayment of income. 1040ex form   If you include an amount in income and in a later year you have to repay all or part of it, then you can usually deduct the repayment in the year repaid. 1040ex form If the repayment is more than $3,000, a special rule applies. 1040ex form For details, see Repayments in chapter 11 of Publication 535, Business Expenses. 1040ex form Expenses Under the cash method, generally you deduct expenses in the tax year you pay them. 1040ex form This includes business expenses for which you contest liability. 1040ex form However, you may not be able to deduct an expense paid in advance or you may be required to capitalize certain costs, as explained under Uniform Capitalization Rules in chapter 6. 1040ex form See chapter 4 for information on how to deduct farm business expenses on your income tax return. 1040ex form Prepayment. 1040ex form   Generally, you cannot deduct expenses paid in advance. 1040ex form This rule applies to any expense paid far enough in advance to, in effect, create an asset with a useful life extending substantially beyond the end of the current tax year. 1040ex form Example. 1040ex form On November 1, 2013, you signed and paid $3,600 for a 3-year (36-month) insurance contract for equipment. 1040ex form In 2013, you are allowed to deduct only $200 (2/36 x $3,600) of the cost of the policy that is attributable to 2013. 1040ex form In 2014, you'll be able to deduct $1,200 (12/36 x $3,600); in 2015, you'll be able to deduct $1,200 (12/36 x $3,600); and in 2016 you'll be able to deduct the remaining balance of $1,000. 1040ex form An exception applies if the expense qualifies for the 12-month rule. 1040ex form See Publication 538 for more information and examples. 1040ex form See chapter 4 for special rules for prepaid farm supplies and prepaid livestock feed. 1040ex form Accrual Method Under an accrual method of accounting, you generally report income in the year earned and deduct or capitalize expenses in the year incurred. 1040ex form The purpose of an accrual method of accounting is to correctly match income and expenses. 1040ex form Certain businesses engaged in farming must use an accrual method of accounting for its farm business and for sales and purchases of inventory items. 1040ex form See Accrual Method Required and Farm Inventory , later. 1040ex form Income Generally, you include an amount in income for the tax year in which all events that fix your right to receive the income have occurred, and you can determine the amount with reasonable accuracy. 1040ex form Under this rule, include an amount in income on the earliest of the following dates. 1040ex form When you receive payment. 1040ex form When the income amount is due to you. 1040ex form When you earn the income. 1040ex form When title passes. 1040ex form If you use an accrual method of accounting, complete Part III of Schedule F (Form 1040) to report your income. 1040ex form Inventory. 1040ex form   If you keep an inventory, generally you must use an accrual method of accounting to determine your gross income. 1040ex form An inventory is necessary to clearly show income when the production, purchase, or sale of merchandise is an income-producing factor. 1040ex form See Publication 538 for more information. 1040ex form Also see Farm Inventory , later, for more information on items that must be included in inventory by farmers and inventory valuation methods for farmers. 1040ex form Expenses Under an accrual method of accounting, you generally deduct or capitalize a business expense when both of the following apply. 1040ex form The all-events test has been met. 1040ex form This test is met when: All events have occurred that fix the fact that you have a liability, and The amount of the liability can be determined with reasonable accuracy. 1040ex form Economic performance has occurred. 1040ex form Economic performance. 1040ex form   Generally, you cannot deduct or capitalize a business expense until economic performance occurs. 1040ex form If your expense is for property or services provided to you, or for your use of property, economic performance occurs as the property or services are provided or as the property is used. 1040ex form If your expense is for property or services you provide to others, economic performance occurs as you provide the property or services. 1040ex form Example. 1040ex form Jane, who is a farmer, uses a calendar tax year and an accrual method of accounting. 1040ex form She entered into a contract with ABC Farm Consulting in 2012. 1040ex form The contract stated that Jane pay ABC Farm Consulting $2,000 in December 2012. 1040ex form It further stipulates that ABC Farm Consulting will develop a plan for integrating her farm with a larger farm operation based in a neighboring state by March 1, 2013. 1040ex form Jane paid ABC Farm Consulting $2,000 in December 2012. 1040ex form Integration of operations according to the plan began in May 2013 and they completed the integration in December 2013. 1040ex form Economic performance for Jane's liability in the contract occurs as the services are provided. 1040ex form Jane incurs the $2,000 cost in 2013. 1040ex form An exception to the economic performance rule allows certain recurring items to be treated as incurred during a tax year even though economic performance has not occurred. 1040ex form For more information, see Economic Performance in Publication 538. 1040ex form Special rule for related persons. 1040ex form   Business expenses and interest owed to a related person who uses the cash method of accounting are not deductible until you make the payment and the corresponding amount is includible in the related person's gross income. 1040ex form Determine the relationship for this rule as of the end of the tax year for which the expense or interest would otherwise be deductible. 1040ex form For more information, see Internal Revenue Code section 267. 1040ex form Accrual Method Required Generally, the following businesses, if engaged in farming, must use an accrual method of accounting. 1040ex form A corporation (other than a family corporation) that had gross receipts of more than $1,000,000 for any tax year beginning after 1975. 1040ex form A family corporation that had gross receipts of more than $25,000,000 for any tax year beginning after 1985. 1040ex form A partnership with a corporation as a partner, if that corporation meets the requirements of (1) or (2) above. 1040ex form A tax shelter. 1040ex form Note. 1040ex form Items (1), (2), and (3) above do not apply to an S corporation or a business operating a nursery or sod farm, or the raising or harvesting of trees (other than fruit and nut trees). 1040ex form Family corporation. 1040ex form   A family corporation is generally a corporation that meets one of the following ownership requirements. 1040ex form Members of the same family own at least 50% of the total combined voting power of all classes of stock entitled to vote and at least 50% of the total shares of all other classes of stock of the corporation. 1040ex form Members of two families have owned, directly or indirectly, since October 4, 1976, at least 65% of the total combined voting power of all classes of voting stock and at least 65% of the total shares of all other classes of the corporation's stock. 1040ex form Members of three families have owned, directly or indirectly, since October 4, 1976, at least 50% of the total combined voting power of all classes of voting stock and at least 50% of the total shares of all other classes of the corporation's stock. 1040ex form For more information on family corporations, see Internal Revenue Code section 447. 1040ex form Tax shelter. 1040ex form   A tax shelter is a partnership, noncorporate enterprise, or S corporation that meets either of the following tests. 1040ex form Its principal purpose is the avoidance or evasion of federal income tax. 1040ex form It is a farming syndicate. 1040ex form A farming syndicate is an entity that meets either of the following tests. 1040ex form Interests in the activity have been offered for sale in an offering required to be registered with a federal or state agency with the authority to regulate the offering of securities for sale. 1040ex form More than 35% of the losses during the tax year are allocable to limited partners or limited entrepreneurs. 1040ex form   A “limited partner” is one whose personal liability for partnership debts is limited to the money or other property the partner contributed or is required to contribute to the partnership. 1040ex form   A “limited entrepreneur” is one who has an interest in an enterprise other than as a limited partner and does not actively participate in the management of the enterprise. 1040ex form Farm Inventory If you are required to keep an inventory, you should keep a complete record of your inventory as part of your farm records. 1040ex form This record should show the actual count or measurement of the inventory. 1040ex form It should also show all factors that enter into its valuation, including quality and weight, if applicable. 1040ex form Hatchery business. 1040ex form   If you are in the hatchery business, and use an accrual method of accounting, you must include in inventory eggs in the process of incubation. 1040ex form Products held for sale. 1040ex form   All harvested and purchased farm products held for sale or for feed or seed, such as grain, hay, silage, concentrates, cotton, tobacco, etc. 1040ex form , must be included in inventory. 1040ex form Supplies. 1040ex form   Supplies acquired for sale or that become a physical part of items held for sale must be included in inventory. 1040ex form Deduct the cost of supplies in the year used or consumed in operations. 1040ex form Do not include incidental supplies in inventory as these are deductible in the year of purchase. 1040ex form Livestock. 1040ex form   Livestock held primarily for sale must be included in inventory. 1040ex form Livestock held for draft, breeding, or dairy purposes can either be depreciated or included in inventory. 1040ex form See also Unit-livestock-price method , later. 1040ex form If you are in the business of breeding and raising chinchillas, mink, foxes, or other fur-bearing animals, these animals are livestock for inventory purposes. 1040ex form Growing crops. 1040ex form   Generally, growing crops are not required to be included in inventory. 1040ex form However, if the crop has a preproductive period of more than 2 years, you may have to capitalize (or include in inventory) costs associated with the crop. 1040ex form See Uniform capitalization rules below. 1040ex form Also see Uniform Capitalization Rules in  chapter 6. 1040ex form Items to include in inventory. 1040ex form   Your inventory should include all items held for sale, or for use as feed, seed, etc. 1040ex form , whether raised or purchased, that are unsold at the end of the year. 1040ex form Uniform capitalization rules. 1040ex form   The following applies if you are required to use an accrual method of accounting. 1040ex form The uniform capitalization rules apply to all costs of raising a plant, even if the preproductive period of raising a plant is 2 years or less. 1040ex form The costs of animals are subject to the uniform capitalization rules. 1040ex form Inventory valuation methods. 1040ex form   The following methods, described below, are those generally available for valuing inventory. 1040ex form The method you use must conform to generally accepted accounting principles for similar businesses and must clearly reflect income. 1040ex form Cost. 1040ex form Lower of cost or market. 1040ex form Farm-price method. 1040ex form Unit-livestock-price method. 1040ex form Cost and lower of cost or market methods. 1040ex form   See Publication 538 for information on these valuation methods. 1040ex form If you value your livestock inventory at cost or the lower of cost or market, you do not need IRS approval to change to the unit-livestock-price method. 1040ex form However, if you value your livestock inventory using the farm-price method, then you must obtain permission from the IRS to change to the unit-livestock-price method. 1040ex form Farm-price method. 1040ex form   Under this method, each item, whether raised or purchased, is valued at its market price less the direct cost of disposition. 1040ex form Market price is the current price at the nearest market in the quantities you usually sell. 1040ex form Cost of disposition includes broker's commissions, freight, hauling to market, and other marketing costs. 1040ex form If you use this method, you must use it for your entire inventory, except that livestock can be inventoried under the unit-livestock-price method. 1040ex form Unit-livestock-price method. 1040ex form   This method recognizes the difficulty of establishing the exact costs of producing and raising each animal. 1040ex form You group or classify livestock according to type and age and use a standard unit price for each animal within a class or group. 1040ex form The unit price you assign should reasonably approximate the normal costs incurred in producing the animals in such classes. 1040ex form Unit prices and classifications are subject to approval by the IRS on examination of your return. 1040ex form You must annually reevaluate your unit livestock prices and adjust the prices upward or downward to reflect increases or decreases in the costs of raising livestock. 1040ex form IRS approval is not required for these adjustments. 1040ex form Any other changes in unit prices or classifications do require IRS approval. 1040ex form   If you use this method, include all raised livestock in inventory, regardless of whether they are held for sale or for draft, breeding, sport, or dairy purposes. 1040ex form This method accounts only for the increase in cost of raising an animal to maturity. 1040ex form It does not provide for any decrease in the animal's market value after it reaches maturity. 1040ex form Also, if you raise cattle, you are not required to inventory hay you grow to feed your herd. 1040ex form   Do not include sold or lost animals in the year-end inventory. 1040ex form If your records do not show which animals were sold or lost, treat the first animals acquired as sold or lost. 1040ex form The animals on hand at the end of the year are considered those most recently acquired. 1040ex form   You must include in inventory all livestock purchased primarily for sale. 1040ex form You can choose either to include in inventory or depreciate livestock purchased for draft, breeding, sport or dairy purposes. 1040ex form However, you must be consistent from year to year, regardless of the method you have chosen. 1040ex form You cannot change your method without obtaining approval from the IRS. 1040ex form   You must include in inventory animals purchased after maturity or capitalize them at their purchase price. 1040ex form If the animals are not mature at purchase, increase the cost at the end of each tax year according to the established unit price. 1040ex form However, in the year of purchase, do not increase the cost of any animal purchased during the last 6 months of the year. 1040ex form This “no increase” rule does not apply to tax shelters which must make an adjustment for any animal purchased during the year. 1040ex form It also does not apply to taxpayers that must make an adjustment to reasonably reflect the particular period in the year in which animals are purchased, if necessary to avoid significant distortions in income. 1040ex form Uniform capitalization rules. 1040ex form   A farmer can determine costs required to be allocated under the uniform capitalization rules by using the farm-price or unit-livestock-price inventory method. 1040ex form This applies to any plant or animal, even if the farmer does not hold or treat the plant or animal as inventory property. 1040ex form Cash Versus Accrual Method The following examples compare the cash and accrual methods of accounting. 1040ex form Example 1. 1040ex form You are a farmer who uses an accrual method of accounting. 1040ex form You keep your books on the calendar year basis. 1040ex form You sell grain in December 2013 but you are not paid until January 2014. 1040ex form Because the accrual method was used and 2013 was the tax year in which the grain was sold, you must both include the sales proceeds and deduct the costs incurred in producing the grain on your 2013 tax return. 1040ex form Example 2. 1040ex form Assume the same facts as in Example 1 except that you use the cash method and there was no constructive receipt of the sales proceeds in 2013. 1040ex form Under this method, you include the sales proceeds in income for 2014, the year you receive payment. 1040ex form Deduct the costs of producing the grain in the year you pay for them. 1040ex form Special Methods of Accounting There are special methods of accounting for certain items of income and expense. 1040ex form Crop method. 1040ex form   If you do not harvest and dispose of your crop in the same tax year that you plant it, you can, with IRS approval, use the crop method of accounting. 1040ex form You cannot use the crop method for any tax return, including your first tax return, unless you receive approval from the IRS. 1040ex form Under this method, you deduct the entire cost of producing the crop, including the expense of seed or young plants, in the year you realize income from the crop. 1040ex form    See chapter 4 for details on deducting the costs of operating a farm. 1040ex form Also see Regulations section 1. 1040ex form 162-12. 1040ex form Other special methods. 1040ex form   Other special methods of accounting apply to the following items. 1040ex form Amortization, see chapter 7. 1040ex form Casualties, see chapter 11. 1040ex form Condemnations, see chapter 11. 1040ex form Depletion, see chapter 7. 1040ex form Depreciation, see chapter 7. 1040ex form Farm business expenses, see chapter 4. 1040ex form Farm income, see chapter 3. 1040ex form Installment sales, see chapter 10. 1040ex form Soil and water conservation expenses, see chapter 5. 1040ex form Thefts, see chapter 11. 1040ex form Combination Method Generally, you can use any combination of cash, accrual, and special methods of accounting if the combination clearly shows your income and expenses and you use it consistently. 1040ex form However, the following restrictions apply. 1040ex form If you use the cash method for figuring your income, you must use the cash method for reporting your expenses. 1040ex form If you use an accrual method for reporting your expenses, you must use an accrual method for figuring your income. 1040ex form Changes in Methods of Accounting A change in your method of accounting includes a change in: Your overall method, such as from the cash method to an accrual method, and Your treatment of any material item, such as a change in your method of valuing inventory (for example, a change from the farm-price method to the unit-livestock-price method, discussed earlier). 1040ex form Generally, once you have set up your accounting method, you must receive approval from the IRS before you can change to another method of accounting. 1040ex form You may also have to pay a fee. 1040ex form To obtain approval, you must generally file Form 3115. 1040ex form There are instances when you can obtain automatic consent to change certain methods of accounting. 1040ex form See the List of Automatic Accounting Method Changes located in the Instructions for Form 3115. 1040ex form For more information on changes in methods of accounting, see Form 3115 and the Instructions for Form 3115. 1040ex form Also see Publication 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The 1040ex Form

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