File your Taxes for Free!
  • Get your maximum refund*
  • 100% accurate calculations guaranteed*

TurboTax Federal Free Edition - File Taxes Online

Don't let filing your taxes get you down! We'll help make it as easy as possible. With e-file and direct deposit, there's no faster way to get your refund!

Approved TurboTax Affiliate Site. TurboTax and TurboTax Online, among others, are registered trademarks and/or service marks of Intuit Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of the respective owners.


© 2012 - 2018 All rights reserved.

This is an Approved TurboTax Affiliate site. TurboTax and TurboTax Online, among other are registered trademarks and/or service marks of Intuit, Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of the respective owners.
When discussing "Free e-file", note that state e-file is an additional fee. E-file fees do not apply to New York state returns. Prices are subject to change without notice. E-file and get your refund faster
*If you pay an IRS or state penalty or interest because of a TurboTax calculations error, we'll pay you the penalty and interest.
*Maximum Refund Guarantee - or Your Money Back: If you get a larger refund or smaller tax due from another tax preparation method, we'll refund the applicable TurboTax federal and/or state purchase price paid. TurboTax Federal Free Edition customers are entitled to payment of $14.99 and a refund of your state purchase price paid. Claims must be submitted within sixty (60) days of your TurboTax filing date and no later than 6/15/14. E-file, Audit Defense, Professional Review, Refund Transfer and technical support fees are excluded. This guarantee cannot be combined with the TurboTax Satisfaction (Easy) Guarantee. *We're so confident your return will be done right, we guarantee it. Accurate calculations guaranteed. If you pay an IRS or state penalty or interest because of a TurboTax calculations error, we'll pay you the penalty and interest.
https://turbotax.intuit.com/corp/guarantees.jsp

1040nr E

File A Amended Tax Return Online1040nr-ezTax Forms 2008Free Tax Filing Online State And Federal1040x Form2011 Tax Return2009 Free Tax SoftwareState Income Taxes 2012Amended FormsTurbo Tax For MilitaryTaxslayer Com LoginNeed File 2007 Taxes2010 1040 EzFile Back Tax ReturnsIrs 1040 Ez InstructionsPrintable 2011 Tax FormsIrs Form 1040ez Instructions2012 Tax Return OnlineTax Act 2012 ReturnAmended Tax ReturnsTaxact Amend 2010 ReturnFind State Tax FormsFiling An Amended Tax ReturnE-file Prior Year Tax ReturnHow Do I Amend My 2012 Tax Return OnlineH And R Block ComWww Irs Gov Form1040a1040 Tax FormsInstructions For 1040x 2012State Income Tax Form 20121040 Ez Tax Return FormHow To Amend A State Tax ReturnHr Block Free EfileTax Admendment2008 Turbotax DownloadAmendment For Taxes1040ez Filing TableForma 1040Free Tax HelpFile State Taxes Free 2013

1040nr E

1040nr e 6. 1040nr e   Basis of Assets Table of Contents Introduction Topics - This chapter discusses: Useful Items - You may want to see: Cost BasisReal Property Allocating the Basis Uniform Capitalization Rules Adjusted BasisIncreases to Basis Decreases to Basis Basis Other Than CostTaxable Exchanges Involuntary Conversions Nontaxable Exchanges Property Received as a Gift Property Transferred From a Spouse Inherited Property Property Distributed From a Partnership or Corporation Introduction Your basis is the amount of your investment in property for tax purposes. 1040nr e Use basis to figure the gain or loss on the sale, exchange, or other disposition of property. 1040nr e Also use basis to figure depreciation, amortization, depletion, and casualty losses. 1040nr e If you use property for both business or investment purposes and for personal purposes, you must allocate the basis based on the use. 1040nr e Only the basis allocated to the business or investment use of the property can be depreciated. 1040nr e Your original basis in property is adjusted (increased or decreased) by certain events. 1040nr e For example, if you make improvements to the property, increase your basis. 1040nr e If you take deductions for depreciation, or casualty losses, or claim certain credits, reduce your basis. 1040nr e Keep accurate records of all items that affect the basis of your assets. 1040nr e For information on keeping records, see chapter 1. 1040nr e Topics - This chapter discusses: Cost basis Adjusted basis Basis other than cost Useful Items - You may want to see: Publication 535 Business Expenses 544 Sales and Other Dispositions of Assets 551 Basis of Assets 946 How To Depreciate Property See chapter 16 for information about getting publications and forms. 1040nr e Cost Basis The basis of property you buy is usually its cost. 1040nr e Cost is the amount you pay in cash, debt obligations, other property, or services. 1040nr e Your cost includes amounts you pay for sales tax, freight, installation, and testing. 1040nr e The basis of real estate and business assets will include other items, discussed later. 1040nr e Basis generally does not include interest payments. 1040nr e However, see Carrying charges and Capitalized interest in chapter 4 of Publication 535. 1040nr e You also may have to capitalize (add to basis) certain other costs related to buying or producing property. 1040nr e Under the uniform capitalization rules, discussed later, you may have to capitalize direct costs and certain indirect costs of producing property. 1040nr e Loans with low or no interest. 1040nr e   If you buy property on a time-payment plan that charges little or no interest, the basis of your property is your stated purchase price minus the amount considered to be unstated interest. 1040nr e You generally have unstated interest if your interest rate is less than the applicable federal rate. 1040nr e See the discussion of unstated interest in Publication 537, Installment Sales. 1040nr e Real Property Real property, also called real estate, is land and generally anything built on, growing on, or attached to land. 1040nr e If you buy real property, certain fees and other expenses you pay are part of your cost basis in the property. 1040nr e Some of these expenses are discussed next. 1040nr e Lump sum purchase. 1040nr e   If you buy improvements, such as buildings, and the land on which they stand for a lump sum, allocate your cost basis between the land and improvements. 1040nr e Allocate the cost basis according to the respective fair market values (FMVs) of the land and improvements at the time of purchase. 1040nr e Figure the basis of each asset by multiplying the lump sum by a fraction. 1040nr e The numerator is the FMV of that asset and the denominator is the FMV of the whole property at the time of purchase. 1040nr e Fair market value (FMV). 1040nr e   FMV is the price at which property would change hands between a willing buyer and a willing seller, neither having to buy or sell, and both having reasonable knowledge of all necessary facts. 1040nr e Sales of similar property on or about the same date may help in figuring the FMV of the property. 1040nr e If you are not certain of the FMV of the land and improvements, you can allocate the basis according to their assessed values for real estate tax purposes. 1040nr e Real estate taxes. 1040nr e   If you pay the real estate taxes the seller owed on real property you bought, and the seller did not reimburse you, treat those taxes as part of your basis. 1040nr e   If you reimburse the seller for taxes the seller paid for you, you generally can deduct that amount as a tax expense. 1040nr e Whether or not you reimburse the seller, do not include that amount in the basis of your property. 1040nr e Settlement costs. 1040nr e   Your basis includes the settlement fees and closing costs for buying the property. 1040nr e See Publication 551 for a detailed list of items you can and cannot include in basis. 1040nr e   Do not include fees and costs for getting a loan on the property. 1040nr e Also, do not include amounts placed in escrow for the future payment of items such as taxes and insurance. 1040nr e Points. 1040nr e   If you pay points to get a loan (including a mortgage, second mortgage, or line-of-credit), do not add the points to the basis of the related property. 1040nr e You may be able to deduct the points currently or over the term of the loan. 1040nr e For more information about deducting points, see Points in chapter 4 of Publication 535. 1040nr e Assumption of a mortgage. 1040nr e   If you buy property and assume (or buy the property subject to) an existing mortgage, your basis includes the amount you pay for the property plus the amount you owe on the mortgage. 1040nr e Example. 1040nr e If you buy a farm for $100,000 cash and assume a mortgage of $400,000, your basis is $500,000. 1040nr e Constructing assets. 1040nr e   If you build property or have assets built for you, your expenses for this construction are part of your basis. 1040nr e Some of these expenses include the following costs: Land, Labor and materials, Architect's fees, Building permit charges, Payments to contractors, Payments for rental equipment, and Inspection fees. 1040nr e   In addition, if you use your own employees, farm materials, and equipment to build an asset, do not deduct the following expenses. 1040nr e You must capitalize them (include them in the asset's basis). 1040nr e Employee wages paid for the construction work, reduced by any employment credits allowed. 1040nr e Depreciation on equipment you own while it is used in the construction. 1040nr e Operating and maintenance costs for equipment used in the construction. 1040nr e The cost of business supplies and materials used in the construction. 1040nr e    Do not include the value of your own labor, or any other labor you did not pay for, in the basis of any property you construct. 1040nr e Allocating the Basis In some instances, the rules for determining basis apply to a group of assets acquired in the same transaction or to property that consists of separate items. 1040nr e To determine the basis of these assets or separate items, there must be an allocation of basis. 1040nr e Group of assets acquired. 1040nr e   If you buy multiple assets for a lump sum, allocate the amount you pay among the assets. 1040nr e Use this allocation to figure your basis for depreciation and gain or loss on a later disposition of any of these assets. 1040nr e You and the seller may agree in the sales contract to a specific allocation of the purchase price among the assets. 1040nr e If this allocation is based on the value of each asset and you and the seller have adverse tax interests, the allocation generally will be accepted. 1040nr e Farming business acquired. 1040nr e   If you buy a group of assets that makes up a farming business, there are special rules you must use to allocate the purchase price among the assets. 1040nr e Generally, reduce the purchase price by any cash received. 1040nr e Allocate the remaining purchase price to the other business assets received in proportion to (but not more than) their FMV and in a certain order. 1040nr e See Trade or Business Acquired under Allocating the Basis in Publication 551 for more information. 1040nr e Transplanted embryo. 1040nr e   If you buy a cow that is pregnant with a transplanted embryo, allocate to the basis of the cow the part of the purchase price equal to the FMV of the cow without the implant. 1040nr e Allocate the rest of the purchase price to the basis of the calf. 1040nr e Neither the cost allocated to the cow nor the cost allocated to the calf is deductible as a current business expense. 1040nr e Uniform Capitalization Rules Under the uniform capitalization rules, you must include certain direct and indirect costs in the basis of property you produce or in your inventory costs, rather than claim them as a current deduction. 1040nr e You recover these costs through depreciation, amortization, or cost of goods sold when you use, sell, or otherwise dispose of the property. 1040nr e Generally, you are subject to the uniform capitalization rules if you do any of the following: Produce real or tangible personal property, or Acquire property for resale. 1040nr e However, this rule does not apply to personal property if your average annual gross receipts for the 3-tax-year period ending with the year preceding the current tax year are $10 million or less. 1040nr e You produce property if you construct, build, install, manufacture, develop, improve, or create the property. 1040nr e You are not subject to the uniform capitalization rules if the property is produced for personal use. 1040nr e In a farming business, you produce property if you raise or grow any agricultural or horticultural commodity, including plants and animals. 1040nr e Plants. 1040nr e   A plant produced in a farming business includes the following items: A fruit, nut, or other crop-bearing tree; An ornamental tree; A vine; A bush; Sod; and The crop or yield of a plant that will have more than one crop or yield. 1040nr e Animals. 1040nr e   An animal produced in a farming business includes any stock, poultry or other bird, and fish or other sea life. 1040nr e The direct and indirect costs of producing plants or animals include preparatory costs and preproductive period costs. 1040nr e Preparatory costs include the acquisition costs of the seed, seedling, plant, or animal. 1040nr e For plants, preproductive period costs include the costs of items such as irrigation, pruning, frost protection, spraying, and harvesting. 1040nr e For animals, preproductive period costs include the costs of items such as feed, maintaining pasture or pen areas, breeding, veterinary services, and bedding. 1040nr e Exceptions. 1040nr e   In a farming business, the uniform capitalization rules do not apply to: Any animal, Any plant with a preproductive period of 2 years or less, or Any costs of replanting certain plants lost or damaged due to casualty. 1040nr e   Exceptions (1) and (2) do not apply to a corporation, partnership, or tax shelter required to use an accrual method of accounting. 1040nr e See Accrual Method Required under Accounting Methods in chapter 2. 1040nr e   In addition, you can elect not to use the uniform capitalization rules for plants with a preproductive period of more than 2 years. 1040nr e If you make this election, special rules apply. 1040nr e This election cannot be made by a corporation, partnership, or tax shelter required to use an accrual method of accounting. 1040nr e This election also does not apply to any costs incurred for the planting, cultivation, maintenance, or development of any citrus or almond grove (or any part thereof) within the first 4 years the trees were planted. 1040nr e    If you elect not to use the uniform capitalization rules, you must use the alternative depreciation system for all property used in any of your farming businesses and placed in service in any tax year during which the election is in effect. 1040nr e See chapter 7, for additional information on depreciation. 1040nr e Example. 1040nr e You grow trees that have a preproductive period of more than 2 years. 1040nr e The trees produce an annual crop. 1040nr e You are an individual and the uniform capitalization rules apply to your farming business. 1040nr e You must capitalize the direct costs and an allocable part of indirect costs incurred due to the production of the trees. 1040nr e You are not required to capitalize the costs of producing the annual crop because its preproductive period is 2 years or less. 1040nr e Preproductive period of more than 2 years. 1040nr e   The preproductive period of plants grown in commercial quantities in the United States is based on their nationwide weighted average preproductive period. 1040nr e Plants producing the crops or yields shown in Table 6-1 have a nationwide weighted average preproductive period of more than 2 years. 1040nr e Other plants (not shown in Table 6-1) may also have a nationwide weighted average preproductive period of more than 2 years. 1040nr e More information. 1040nr e   For more information on the uniform capitalization rules that apply to property produced in a farming business, see Regulations section 1. 1040nr e 263A-4. 1040nr e Table 6-1. 1040nr e Plants With a Preproductive Period of More Than 2 Years Plants producing the following crops or yields have a nationwide weighted average preproductive period of more than 2 years. 1040nr e Almonds Apples Apricots Avocados Blueberries Cherries Chestnuts Coffee beans Currants Dates Figs Grapefruit Grapes Guavas Kiwifruit Kumquats Lemons Limes Macadamia nuts Mangoes Nectarines Olives Oranges Peaches Pears Pecans Persimmons Pistachio nuts Plums Pomegranates Prunes Tangelos Tangerines Tangors Walnuts Adjusted Basis Before figuring gain or loss on a sale, exchange, or other disposition of property or figuring allowable depreciation, depletion, or amortization, you must usually make certain adjustments to the cost basis or basis other than cost (discussed later) of the property. 1040nr e The adjustments to the original basis are increases or decreases to the cost basis or other basis which result in the adjusted basis of the property. 1040nr e Increases to Basis Increase the basis of any property by all items properly added to a capital account. 1040nr e These include the cost of any improvements having a useful life of more than 1 year. 1040nr e The following costs increase the basis of property. 1040nr e The cost of extending utility service lines to property. 1040nr e Legal fees, such as the cost of defending and perfecting title. 1040nr e Legal fees for seeking a decrease in an assessment levied against property to pay for local improvements. 1040nr e Assessments for items such as paving roads and building ditches that increase the value of the property assessed. 1040nr e Do not deduct these expenses as taxes. 1040nr e However, you can deduct as taxes amounts assessed for maintenance or repairs, or for meeting interest charges related to the improvements. 1040nr e If you make additions or improvements to business property, depreciate the basis of each addition or improvement as separate depreciable property using the rules that would apply to the original property if you had placed it in service at the same time you placed the addition or improvement in service. 1040nr e See chapter 7. 1040nr e Deducting vs. 1040nr e capitalizing costs. 1040nr e   Do not add to your basis costs you can deduct as current expenses. 1040nr e For example, amounts paid for incidental repairs or maintenance are deductible as business expenses and are not added to basis. 1040nr e However, you can elect either to deduct or to capitalize certain other costs. 1040nr e See chapter 7 in Publication 535. 1040nr e Decreases to Basis The following are some items that reduce the basis of property. 1040nr e Section 179 deduction. 1040nr e Deductions previously allowed or allowable for amortization, depreciation, and depletion. 1040nr e Alternative motor vehicle credit. 1040nr e See Form 8910. 1040nr e Alternative fuel vehicle refueling property credit. 1040nr e See Form 8911. 1040nr e Residential energy efficient property credits. 1040nr e See Form 5695. 1040nr e Investment credit (part or all) taken. 1040nr e Casualty and theft losses and insurance reimbursements. 1040nr e Payments you receive for granting an easement. 1040nr e Exclusion from income of subsidies for energy conservation measures. 1040nr e Certain canceled debt excluded from income. 1040nr e Rebates from a manufacturer or seller. 1040nr e Patronage dividends received from a cooperative association as a result of a purchase of property. 1040nr e See Patronage Dividends in chapter 3. 1040nr e Gas-guzzler tax. 1040nr e See Form 6197. 1040nr e Some of these items are discussed next. 1040nr e For a more detailed list of items that decrease basis, see section 1016 of the Internal Revenue Code and Publication 551. 1040nr e Depreciation and section 179 deduction. 1040nr e   The adjustments you must make to the basis of the property if you take the section 179 deduction or depreciate the property are explained next. 1040nr e For more information on these deductions, see chapter 7. 1040nr e Section 179 deduction. 1040nr e   If you take the section 179 expense deduction for all or part of the cost of qualifying business property, decrease the basis of the property by the deduction. 1040nr e Depreciation. 1040nr e   Decrease the basis of property by the depreciation you deducted or could have deducted on your tax returns under the method of depreciation you chose. 1040nr e If you took less depreciation than you could have under the method chosen, decrease the basis by the amount you could have taken under that method. 1040nr e If you did not take a depreciation deduction, reduce the basis by the full amount of the depreciation you could have taken. 1040nr e   If you deducted more depreciation than you should have, decrease your basis by the amount you should have deducted plus the part of the excess depreciation you deducted that actually reduced your tax liability for any year. 1040nr e   See chapter 7 for information on figuring the depreciation you should have claimed. 1040nr e   In decreasing your basis for depreciation, take into account the amount deducted on your tax returns as depreciation and any depreciation you must capitalize under the uniform capitalization rules. 1040nr e Casualty and theft losses. 1040nr e   If you have a casualty or theft loss, decrease the basis of the property by any insurance or other reimbursement. 1040nr e Also, decrease it by any deductible loss not covered by insurance. 1040nr e See chapter 11 for information about figuring your casualty or theft loss. 1040nr e   You must increase your basis in the property by the amount you spend on clean-up costs (such as debris removal) and repairs that restore the property to its pre-casualty condition. 1040nr e To make this determination, compare the repaired property to the property before the casualty. 1040nr e Easements. 1040nr e   The amount you receive for granting an easement is usually considered to be proceeds from the sale of an interest in the real property. 1040nr e It reduces the basis of the affected part of the property. 1040nr e If the amount received is more than the basis of the part of the property affected by the easement, reduce your basis in that part to zero and treat the excess as a recognized gain. 1040nr e See Easements and rights-of-way in chapter 3. 1040nr e Exclusion from income of subsidies for energy conservation measures. 1040nr e   You can exclude from gross income any subsidy you received from a public utility company for the purchase or installation of an energy conservation measure for a dwelling unit. 1040nr e Reduce the basis of the property by the excluded amount. 1040nr e Canceled debt excluded from income. 1040nr e   If a debt you owe is canceled or forgiven, other than as a gift or bequest, you generally must include the canceled amount in your gross income for tax purposes. 1040nr e A debt includes any indebtedness for which you are liable or which attaches to property you hold. 1040nr e   You can exclude your canceled debt from income if the debt is any of the following. 1040nr e Debt canceled in a bankruptcy case or when you are insolvent. 1040nr e Qualified farm debt. 1040nr e Qualified real property business debt (provided you are not a C corporation). 1040nr e Qualified principal residence indebtedness. 1040nr e Discharge of certain indebtedness of a qualified individual because of Midwestern disasters. 1040nr e If you exclude canceled debt described in (1) or (2), you may have to reduce the basis of your depreciable and nondepreciable property. 1040nr e If you exclude canceled debt described in (3), you must only reduce the basis of your depreciable property by the excluded amount. 1040nr e   For more information about canceled debt in a bankruptcy case, see Publication 908, Bankruptcy Tax Guide. 1040nr e For more information about insolvency and canceled debt that is qualified farm debt or qualified principal residence indebtedness, see chapter 3. 1040nr e For more information about qualified real property business debt, see Publication 334, Tax Guide for Small Business. 1040nr e For more information about canceled debt in Midwestern disaster areas, see Publication 4492-B, Information for Affected Taxpayers in the Midwestern Disaster Areas. 1040nr e Basis Other Than Cost There are times when you cannot use cost as basis. 1040nr e In these situations, the fair market value or the adjusted basis of property may be used. 1040nr e Examples are discussed next. 1040nr e Property changed from personal to business or rental use. 1040nr e   When you hold property for personal use and then change it to business use or use it to produce rent, you must figure its basis for depreciation. 1040nr e An example of changing property from personal to business use would be changing the use of your pickup truck that you originally purchased for your personal use to use in your farming business. 1040nr e   The basis for depreciation is the lesser of: The FMV of the property on the date of the change, or Your adjusted basis on the date of the change. 1040nr e   If you later sell or dispose of this property, the basis you use will depend on whether you are figuring a gain or loss. 1040nr e The basis for figuring a gain is your adjusted basis in the property when you sell the property. 1040nr e Figure the basis for a loss starting with the smaller of your adjusted basis or the FMV of the property at the time of the change to business or rental use. 1040nr e Then make adjustments (increases and decreases) for the period after the change in the property's use, as discussed earlier under Adjusted Basis . 1040nr e Property received for services. 1040nr e   If you receive property for services, include the property's FMV in income. 1040nr e The amount you include in income becomes your basis. 1040nr e If the services were performed for a price agreed on beforehand, it will be accepted as the FMV of the property if there is no evidence to the contrary. 1040nr e Example. 1040nr e George Smith is an accountant and also operates a farming business. 1040nr e George agreed to do some accounting work for his neighbor in exchange for a dairy cow. 1040nr e The accounting work and the cow are each worth $1,500. 1040nr e George must include $1,500 in income for his accounting services. 1040nr e George's basis in the cow is $1,500. 1040nr e Taxable Exchanges A taxable exchange is one in which the gain is taxable, or the loss is deductible. 1040nr e A taxable gain or deductible loss also is known as a recognized gain or loss. 1040nr e A taxable exchange occurs when you receive cash or get property that is not similar or related in use to the property exchanged. 1040nr e If you receive property in exchange for other property in a taxable exchange, the basis of the property you receive is usually its FMV at the time of the exchange. 1040nr e Example. 1040nr e You trade a tract of farmland with an adjusted basis of $2,000 for a tractor that has an FMV of $6,000. 1040nr e You must report a taxable gain of $4,000 for the land. 1040nr e The tractor has a basis of $6,000. 1040nr e Involuntary Conversions If you receive property as a result of an involuntary conversion, such as a casualty, theft, or condemnation, figure the basis of the replacement property you receive using the basis of the converted property. 1040nr e Similar or related property. 1040nr e   If the replacement property is similar or related in service or use to the converted property, the replacement property's basis is the same as the old property's basis on the date of the conversion. 1040nr e However, make the following adjustments. 1040nr e Decrease the basis by the following amounts. 1040nr e Any loss you recognize on the involuntary conversion. 1040nr e Any money you receive that you do not spend on similar property. 1040nr e Increase the basis by the following amounts. 1040nr e Any gain you recognize on the involuntary conversion. 1040nr e Any cost of acquiring the replacement property. 1040nr e Money or property not similar or related. 1040nr e   If you receive money or property not similar or related in service or use to the converted property and you buy replacement property similar or related in service or use to the converted property, the basis of the replacement property is its cost decreased by the gain not recognized on the involuntary conversion. 1040nr e Allocating the basis. 1040nr e   If you buy more than one piece of replacement property, allocate your basis among the properties based on their respective costs. 1040nr e Basis for depreciation. 1040nr e   Special rules apply in determining and depreciating the basis of MACRS property acquired in an involuntary conversion. 1040nr e For information, see Figuring the Deduction for Property Acquired in a Nontaxable Exchange under Figuring Depreciation Under MACRS in chapter 7. 1040nr e For more information about involuntary conversions, see chapter 11. 1040nr e Nontaxable Exchanges A nontaxable exchange is an exchange in which you are not taxed on any gain and you cannot deduct any loss. 1040nr e A nontaxable gain or loss also is known as an unrecognized gain or loss. 1040nr e If you receive property in a nontaxable exchange, its basis is usually the same as the basis of the property you transferred. 1040nr e Like-Kind Exchanges The exchange of property for the same kind of property is the most common type of nontaxable exchange. 1040nr e For an exchange to qualify as a like-kind exchange, you must hold for business or investment purposes both the property you transfer and the property you receive. 1040nr e There must also be an exchange of like-kind property. 1040nr e For more information, see Like-Kind Exchanges in  chapter 8. 1040nr e The basis of the property you receive generally is the same as the adjusted basis of the property you gave up. 1040nr e Example 1. 1040nr e You traded a truck you used in your farming business for a new smaller truck to use in farming. 1040nr e The adjusted basis of the old truck was $10,000. 1040nr e The FMV of the new truck is $30,000. 1040nr e Because this is a nontaxable exchange, you do not recognize any gain, and your basis in the new truck is $10,000, the same as the adjusted basis of the truck you traded. 1040nr e Example 2. 1040nr e You trade a field cultivator (adjusted basis of $8,000) for a planter (FMV of $9,000). 1040nr e You use both the field cultivator and the planter in your farming business. 1040nr e The basis of the planter you receive is $8,000, the same as the field cultivator traded Exchange expenses. 1040nr e   Exchange expenses generally are the closing costs that you pay. 1040nr e They include such items as brokerage commissions, attorney fees, and deed preparation fees. 1040nr e Add them to the basis of the like-kind property you receive. 1040nr e Property plus cash. 1040nr e   If you trade property in a like-kind exchange and also pay money, the basis of the property you receive is the adjusted basis of the property you gave up plus the money you paid. 1040nr e Example. 1040nr e You trade in a truck (adjusted basis of $3,000) for another truck (FMV of $7,500) and pay $4,000. 1040nr e Your basis in the new truck is $7,000 (the $3,000 adjusted basis of the old truck plus the $4,000 cash). 1040nr e Special rules for related persons. 1040nr e   If a like-kind exchange takes place directly or indirectly between related persons and either party disposes of the property within 2 years after the exchange, the exchange no longer qualifies for like-kind exchange treatment. 1040nr e Each person must report any gain or loss not recognized on the original exchange unless the loss is not deductible under the related party rules. 1040nr e Each person reports it on the tax return filed for the year in which the later disposition occurred. 1040nr e If this rule applies, the basis of the property received in the original exchange will be its FMV. 1040nr e For more information, see chapter 8. 1040nr e Exchange of business property. 1040nr e   Exchanging the property of one business for the property of another business generally is a multiple property exchange. 1040nr e For information on figuring basis, see Multiple Property Exchanges in chapter 1 of Publication 544. 1040nr e Basis for depreciation. 1040nr e   Special rules apply in determining and depreciating the basis of MACRS property acquired in a like-kind transaction. 1040nr e For information, see Figuring the Deduction for Property Acquired in a Nontaxable Exchange under Figuring Depreciation Under MACRS in chapter 7. 1040nr e Partially Nontaxable Exchanges A partially nontaxable exchange is an exchange in which you receive unlike property or money in addition to like-kind property. 1040nr e The basis of the property you receive is the same as the adjusted basis of the property you gave up with the following adjustments. 1040nr e Decrease the basis by the following amounts. 1040nr e Any money you receive. 1040nr e Any loss you recognize on the exchange. 1040nr e Increase the basis by the following amounts. 1040nr e Any additional costs you incur. 1040nr e Any gain you recognize on the exchange. 1040nr e If the other party to the exchange assumes your liabilities, treat the debt assumption as money you received in the exchange. 1040nr e Example 1. 1040nr e You trade farmland (basis of $100,000) for another tract of farmland (FMV of $110,000) and $30,000 cash. 1040nr e You realize a gain of $40,000. 1040nr e This is the FMV of the land received plus the cash minus the basis of the land you traded ($110,000 + $30,000 − $100,000). 1040nr e Include your gain in income (recognize gain) only to the extent of the cash received. 1040nr e Your basis in the land you received is figured as follows. 1040nr e Basis of land traded $100,000 Minus: Cash received (adjustment 1(a)) − 30,000   $70,000 Plus: Gain recognized (adjustment 2(b)) + 30,000 Basis of land received $100,000 Example 2. 1040nr e You trade a truck (adjusted basis of $22,750) for another truck (FMV of $20,000) and $10,000 cash. 1040nr e You realize a gain of $7,250. 1040nr e This is the FMV of the truck received plus the cash minus the adjusted basis of the truck you traded ($20,000 + $10,000 − $22,750). 1040nr e You include all the gain in your income (recognize gain) because the gain is less than the cash you received. 1040nr e Your basis in the truck you received is figured as follows. 1040nr e Adjusted basis of truck traded $22,750 Minus: Cash received (adjustment 1(a)) −10,000   $12,750 Plus: Gain recognized (adjustment 2(b)) + 7,250 Basis of truck received $20,000 Allocation of basis. 1040nr e   If you receive like-kind and unlike properties in the exchange, allocate the basis first to the unlike property, other than money, up to its FMV on the date of the exchange. 1040nr e The rest is the basis of the like-kind property. 1040nr e Example. 1040nr e You traded a tractor with an adjusted basis of $15,000 for another tractor that had an FMV of $12,500. 1040nr e You also received $1,000 cash and a truck that had an FMV of $3,000. 1040nr e The truck is unlike property. 1040nr e You realized a gain of $1,500. 1040nr e This is the FMV of the tractor received plus the FMV of the truck received plus the cash minus the adjusted basis of the tractor you traded ($12,500 + $3,000 + $1,000 − $15,000). 1040nr e You include in income (recognize) all $1,500 of the gain because it is less than the FMV of the unlike property plus the cash received. 1040nr e Your basis in the properties you received is figured as follows. 1040nr e Adjusted basis of old tractor $15,000 Minus: Cash received (adjustment 1(a)) − 1,000   $14,000 Plus: Gain recognized (adjustment 2(b)) + 1,500 Total basis of properties received $15,500 Allocate the total basis of $15,500 first to the unlike property—the truck ($3,000). 1040nr e This is the truck's FMV. 1040nr e The rest ($12,500) is the basis of the tractor. 1040nr e Sale and Purchase If you sell property and buy similar property in two mutually dependent transactions, you may have to treat the sale and purchase as a single nontaxable exchange. 1040nr e Example. 1040nr e You used a tractor on your farm for 3 years. 1040nr e Its adjusted basis is $22,000 and its FMV is $40,000. 1040nr e You are interested in a new tractor, which sells for $60,000. 1040nr e Ordinarily, you would trade your old tractor for the new one and pay the dealer $20,000. 1040nr e Your basis for depreciating the new tractor would then be $42,000 ($20,000 + $22,000, the adjusted basis of your old tractor). 1040nr e However, you want a higher basis for depreciating the new tractor, so you agree to pay the dealer $60,000 for the new tractor if he will pay you $40,000 for your old tractor. 1040nr e Because the two transactions are dependent on each other, you are treated as having exchanged your old tractor for the new one and paid $20,000 ($60,000 − $40,000). 1040nr e Your basis for depreciating the new tractor is $42,000, the same as if you traded the old tractor. 1040nr e Property Received as a Gift To figure the basis of property you receive as a gift, you must know its adjusted basis (defined earlier) to the donor just before it was given to you. 1040nr e You also must know its FMV at the time it was given to you and any gift tax paid on it. 1040nr e FMV equal to or greater than donor's adjusted basis. 1040nr e   If the FMV of the property is equal to or greater than the donor's adjusted basis, your basis is the donor's adjusted basis when you received the gift. 1040nr e Increase your basis by all or part of any gift tax paid, depending on the date of the gift. 1040nr e   Also, for figuring gain or loss from a sale or other disposition of the property, or for figuring depreciation, depletion, or amortization deductions on business property, you must increase or decrease your basis (the donor's adjusted basis) by any required adjustments to basis while you held the property. 1040nr e See Adjusted Basis , earlier. 1040nr e   If you received a gift during the tax year, increase your basis in the gift (the donor's adjusted basis) by the part of the gift tax paid on it due to the net increase in value of the gift. 1040nr e Figure the increase by multiplying the gift tax paid by the following fraction. 1040nr e Net increase in value of the gift Amount of the gift   The net increase in value of the gift is the FMV of the gift minus the donor's adjusted basis. 1040nr e The amount of the gift is its value for gift tax purposes after reduction by any annual exclusion and marital or charitable deduction that applies to the gift. 1040nr e Example. 1040nr e In 2013, you received a gift of property from your mother that had an FMV of $50,000. 1040nr e Her adjusted basis was $20,000. 1040nr e The amount of the gift for gift tax purposes was $36,000 ($50,000 minus the $14,000 annual exclusion). 1040nr e She paid a gift tax of $7,320. 1040nr e Your basis, $26,076, is figured as follows. 1040nr e Fair market value $50,000 Minus: Adjusted basis −20,000 Net increase in value $30,000 Gift tax paid $7,320 Multiplied by ($30,000 ÷ $36,000) × . 1040nr e 83 Gift tax due to net increase in value $6,076 Adjusted basis of property to your mother +20,000 Your basis in the property $26,076 Note. 1040nr e If you received a gift before 1977, your basis in the gift (the donor's adjusted basis) includes any gift tax paid on it. 1040nr e However, your basis cannot exceed the FMV of the gift when it was given to you. 1040nr e FMV less than donor's adjusted basis. 1040nr e   If the FMV of the property at the time of the gift is less than the donor's adjusted basis, your basis depends on whether you have a gain or a loss when you dispose of the property. 1040nr e Your basis for figuring gain is the donor's adjusted basis plus or minus any required adjustments to basis while you held the property. 1040nr e Your basis for figuring loss is its FMV when you received the gift plus or minus any required adjustments to basis while you held the property. 1040nr e (See Adjusted Basis , earlier. 1040nr e )   If you use the donor's adjusted basis for figuring a gain and get a loss, and then use the FMV for figuring a loss and get a gain, you have neither gain nor loss on the sale or other disposition of the property. 1040nr e Example. 1040nr e You received farmland as a gift from your parents when they retired from farming. 1040nr e At the time of the gift, the land had an FMV of $80,000. 1040nr e Your parents' adjusted basis was $100,000. 1040nr e After you received the land, no events occurred that would increase or decrease your basis. 1040nr e If you sell the land for $120,000, you will have a $20,000 gain because you must use the donor's adjusted basis at the time of the gift ($100,000) as your basis to figure a gain. 1040nr e If you sell the land for $70,000, you will have a $10,000 loss because you must use the FMV at the time of the gift ($80,000) as your basis to figure a loss. 1040nr e If the sales price is between $80,000 and $100,000, you have neither gain nor loss. 1040nr e For instance, if the sales price was $90,000 and you tried to figure a gain using the donor's adjusted basis ($100,000), you would get a $10,000 loss. 1040nr e If you then tried to figure a loss using the FMV ($80,000), you would get a $10,000 gain. 1040nr e Business property. 1040nr e   If you hold the gift as business property, your basis for figuring any depreciation, depletion, or amortization deductions is the same as the donor's adjusted basis plus or minus any required adjustments to basis while you hold the property. 1040nr e Property Transferred From a Spouse The basis of property transferred to you or transferred in trust for your benefit by your spouse is the same as your spouse's adjusted basis. 1040nr e The same rule applies to a transfer by your former spouse if the transfer is incident to divorce. 1040nr e However, for property transferred in trust, adjust your basis for any gain recognized by your spouse or former spouse if the liabilities assumed plus the liabilities to which the property is subject are more than the adjusted basis of the property transferred. 1040nr e The transferor must give you the records needed to determine the adjusted basis and holding period of the property as of the date of the transfer. 1040nr e For more information, see Property Settlements in Publication 504, Divorced or Separated Individuals. 1040nr e Inherited Property Your basis in property you inherited from a decedent, who died before January 1, 2010, or after December 31, 2010, is generally one of the following: The FMV of the property at the date of the decedent's death. 1040nr e If a federal estate return is filed, you can use its appraised value. 1040nr e The FMV on the alternate valuation date, if the personal representative for the estate elects to use alternate valuation. 1040nr e For information on the alternate valuation, see the Instructions for Form 706. 1040nr e The decedent's adjusted basis in land to the extent of the value that is excluded from the decedent's taxable estate as a qualified conservation easement. 1040nr e If a federal estate tax return does not have to be filed, your basis in the inherited property is its appraised value at the date of death for state inheritance or transmission taxes. 1040nr e Special-use valuation method. 1040nr e   Under certain conditions, when a person dies, the executor or personal representative of that person's estate may elect to value qualified real property at other than its FMV. 1040nr e If so, the executor or personal representative values the qualified real property based on its use as a farm or other closely held business. 1040nr e If the executor or personal representative elects this method of valuation for estate tax purposes, this value is the basis of the property for the qualified heirs. 1040nr e The qualified heirs should be able to get the necessary value from the executor or personal representative of the estate. 1040nr e   If you are a qualified heir who received special-use valuation property, increase your basis by any gain recognized by the estate or trust because of post-death appreciation. 1040nr e Post-death appreciation is the property's FMV on the date of distribution minus the property's FMV either on the date of the individual's death or on the alternate valuation date. 1040nr e Figure all FMVs without regard to the special-use valuation. 1040nr e   You may be liable for an additional estate tax if, within 10 years after the death of the decedent, you transfer the property or the property stops being used as a farm. 1040nr e This tax does not apply if you dispose of the property in a like-kind exchange or in an involuntary conversion in which all of the proceeds are reinvested in qualified replacement property. 1040nr e The tax also does not apply if you transfer the property to a member of your family and certain requirements are met. 1040nr e   You can elect to increase your basis in special-use valuation property if it becomes subject to the additional estate tax. 1040nr e To increase your basis, you must make an irrevocable election and pay interest on the additional estate tax figured from the date 9 months after the decedent's death until the date of payment of the additional estate tax. 1040nr e If you meet these requirements, increase your basis in the property to its FMV on the date of the decedent's death or the alternate valuation date. 1040nr e The increase in your basis is considered to have occurred immediately before the event that resulted in the additional estate tax. 1040nr e   You make the election by filing, with Form 706-A, United States Additional Estate Tax Return, a statement that: Contains your (and the estate's) name, address, and taxpayer identification number; Identifies the election as an election under section 1016(c) of the Internal Revenue Code; Specifies the property for which you are making the election; and Provides any additional information required by the Form 706-A instructions. 1040nr e   For more information, see Form 706, United States Estate (and Generation-Skipping Transfer) Tax Return, Form 706-A, and the related instructions. 1040nr e Property inherited from a decedent who died in 2010. 1040nr e   If you inherited property from a decedent who died in 2010, different rules may apply. 1040nr e See Publication 4895, Tax Treatment of Property Acquired From a Decendent Dying in 2010, for details. 1040nr e Property Distributed From a Partnership or Corporation The following rules apply to determine a partner's basis and a shareholder's basis in property distributed respectively from a partnership to the partner with respect to the partner's interest in the partnership and from a corporation to the shareholder with respect to the shareholder's ownership of stock in the corporation. 1040nr e Partner's basis. 1040nr e   Unless there is a complete liquidation of a partner's interest, the basis of property (other than money) distributed by a partnership to the partner is its adjusted basis to the partnership immediately before the distribution. 1040nr e However, the basis of the property to the partner cannot be more than the adjusted basis of his or her interest in the partnership reduced by any money received in the same transaction. 1040nr e For more information, see Partner's Basis for Distributed Property in Publication 541, Partnerships. 1040nr e Shareholder's basis. 1040nr e   The basis of property distributed by a corporation to a shareholder is its fair market value. 1040nr e For more information about corporate distributions, see Distributions to Shareholders in Publication 542, Corporations. 1040nr e Prev  Up  Next   Home   More Online Publications
Español

Consumer Protection Offices

City, county, regional, and state consumer offices offer a variety of important services. They might mediate complaints, conduct investigations, prosecute offenders of consumer laws, license and regulate professional service providers, provide educational materials and advocate for consumer rights. To save time, call before sending a written complaint. Ask if the office handles the type of complaint you have and if complaint forms are provided.

State Consumer Protection Offices

Massachusetts Office of the Attorney General

Website: Massachusetts Office of the Attorney General

Address: Massachusetts Office of the Attorney General
Public Inquiry and Assistance Center
One Ashburton Pl., 18th Floor
Boston, MA 02108-1518

Phone Number: 617-727-8400 (Consumer Hotline)

TTY: 617-727-4765

Office of Consumer Affairs and Business Regulation

Website: Office of Consumer Affairs and Business Regulation

Address: Office of Consumer Affairs and Business Regulation
10 Park Plaza, Suite 5170
Boston, MA 02116

Phone Number: 617-973-8700

Toll-free: 1-888-283-3757 (MA, Consumer Hotline)

TTY: 1-800-720-3480

Back to Top

Regional Consumer Protection Offices

Office of the Attorney General- Central Massachusetts Region

Website: Office of the Attorney General- Central Massachusetts Region

Address: Office of the Attorney General- Central Massachusetts Region
Public Inquiry and Assistance Center
10 Mechanic St.
Suite 301
Worcester, MA 01608

Phone Number: 508-792-7600

TTY: 617-727-4765

Office of the Attorney General- Southern Massachusetts Region

Website: Office of the Attorney General- Southern Massachusetts Region

Address: Office of the Attorney General- Southern Massachusetts Region
Public Inquiry and Assistance Center
105 William St., 1st Floor
New Bedford, MA 02740-6257

Phone Number: 508-990-9700 617-727-8400 (Hotline)

TTY: 617-727-4765

Office of the Attorney General- Western Massachusetts Region

Website: Office of the Attorney General- Western Massachusetts Region

Address: Office of the Attorney General- Western Massachusetts Region
Consumer Protection Division
1350 Main St., 4th Floor
Springfield, MA 01103-1629

Phone Number: 413-784-1240 617-727-8400 (Hotline)

TTY: 617-727-4765

Back to Top

County Consumer Protection Offices

Springfield Mayors Office of Consumer Information

Website: Springfield Mayors Office of Consumer Information

Address: Springfield Mayors Office of Consumer Information
City Hall, Room 315
36 Court St.
Springfield, MA 01103

Phone Number: 413-787-6437

TTY: 413-787-6154

Norfolk District Attorney's Office

Website: Norfolk District Attorney's Office

Address: Norfolk District Attorney's Office
Consumer Protection Division
45 Shawmut Rd.
Canton, MA 02021

Phone Number: 781-830-4800 ext. 279

TTY: 617-727-0434

Northwestern District Attorneys Office - Franklin County

Website: Northwestern District Attorneys Office - Franklin County

Address: Northwestern District Attorneys Office - Franklin County
Consumer Protection Unit
13 Conway St.
Greenfield, MA 01301

Phone Number: 413-774-3186

Northwestern District Attorneys Office - Hampshire County

Website: Northwestern District Attorneys Office - Hampshire County

Address: Northwestern District Attorneys Office - Hampshire County
Consumer Protection Division
One Gleason Plaza
Northampton, MA 01060

Phone Number: 413-586-9225

Back to Top

City Consumer Protection Offices

Boston Consumer Affairs and Licensing

Website: Boston Consumer Affairs and Licensing

Address: Boston Consumer Affairs and Licensing
One City Hall Square, Room 817
Boston, MA 02201-2039

Phone Number: 617-635-3834

Cambridge Consumers Council

Website: Cambridge Consumers Council

Address: Cambridge Consumers Council
831 Massachusetts Ave., 1st Floor
Cambridge, MA 02139

Phone Number: 617-349-6150

TTY: 617-349-6112

Newton-Brookline Consumer Office

Website: Newton-Brookline Consumer Office

Address: Newton-Brookline Consumer Office
Newton City Hall
1000 Commonwealth Ave.
Newton Centre, MA 02459

Phone Number: 617-796-1292

TTY: 617-796-1089

Revere Consumer Affairs Office

Website: Revere Consumer Affairs Office

Address: Revere Consumer Affairs Office
281 Broadway
Revere, MA 02151

Phone Number: 781-286-8114

Back to Top

Banking Authorities

The officials listed in this section regulate and supervise state-chartered banks. Many of them handle or refer problems and complaints about other types of financial institutions as well. Some also answer general questions about banking and consumer credit. If you are dealing with a federally chartered bank, check Federal Agencies.

Office of Consumer Affairs and Business Regulation

Website: Office of Consumer Affairs and Business Regulation

Address: Office of Consumer Affairs and Business Regulation
Division of Banks
Consumer Assistance Unit

1000 Washington St., 10th Floor
Boston, MA 02118-6400

Phone Number: 617-956-1500

Toll-free: 1-800-495-2265 (MA)

TTY: 617-956-1577

Back to Top

Insurance Regulators

Each state has its own laws and regulations for each type of insurance. The officials listed in this section enforce these laws. Many of these offices can also provide you with information to help you make informed insurance buying decisions.

Division of Insurance

Website: Division of Insurance

Address: Division of Insurance
Consumer Services Section
1000 Washington St., Suite 810
Boston, MA 02118-6200

Phone Number: 617-521-7794

Toll-free: 1-877-563-4467 (MA)

TTY: 617-521-7490

Back to Top

Securities Administrators

Each state has its own laws and regulations for securities brokers and securities - including stocks, mutual funds, commodities, real estate, etc. The officials and agencies listed in this section enforce these laws and regulations. Many of these offices can also provide information to help you make informed investment decisions.

Office of the Secretary of the Commonwealth

Website: Office of the Secretary of the Commonwealth

Address: Office of the Secretary of the Commonwealth
Securities Division
One Ashburton Pl., 17th Floor
McCormack Building
Boston, MA 02108

Phone Number: 617-727-3548

Toll-free: 1-800-269-5428 (MA)

TTY: 617-878-3889

Back to Top

Utility Commissions

State Utility Commissions regulate services and rates for gas, electricity and telephones within your state. In some states, the utility commissions regulate other services such as water, transportation, and the moving of household goods. Many utility commissions handle consumer complaints. Sometimes, if a number of complaints are received about the same utility matter, they will conduct investigations.

Department of Public Utilities

Website: Department of Public Utilities

Address: Department of Public Utilities
Consumer Division
One South Station, Suite 2
Boston, MA 02110

Phone Number: 617-737-2836

Toll-free: 1-877-886-5066

Back to Top

The 1040nr E

1040nr e Index Symbols 1231 property sale, Sale of property interest. 1040nr e 401(k) plans, Elective Deferrals Excess contributions, Excess Contributions 403(b) plans, Elective Deferrals Limit for, Limit for tax-sheltered annuities. 1040nr e 457 plans, Elective Deferrals Limit for deferrals under, Limit for deferrals under section 457 plans. 1040nr e 501(c)(18)(D) plans, Elective Deferrals Contributions, Section 501(c)(18)(D) contributions. 1040nr e 501(c)(3) organizations, Student loans. 1040nr e 529 program, Qualified tuition program (QTP). 1040nr e 83(b) election, How to make the choice. 1040nr e A Academic health centers Meals and lodging when teaching and research organization, Academic health center. 1040nr e Accelerated death benefits, Accelerated Death Benefits Accident insurance, Accident or Health Plan Accidental death benefits, Accidental death benefits. 1040nr e Accrual method taxpayers, Prepaid income. 1040nr e Accrued leave payment At time of retirement or resignation, Accrued leave payment. 1040nr e Disability retirement, Accrued leave payment. 1040nr e Activity not for profit, Activity not for profit. 1040nr e Adoption Employer assistance, Adoption Assistance Advance commissions, Miscellaneous Compensation Aircraft, Flights on employer-provided aircraft. 1040nr e Airlines No-additional-cost services, No-Additional-Cost Services Valuation of flights on employer-provided aircraft, Flights on employer-provided aircraft. 1040nr e Alaska Permanent Fund dividend, Alaska Permanent Fund dividend. 1040nr e Alien status, waiver of, Waiver of alien status. 1040nr e Aliens Nonresident, Nonresident aliens. 1040nr e Alimony, Alimony. 1040nr e Alternative minimum tax (AMT) Recoveries, refiguring of, Subject to alternative minimum tax. 1040nr e Stock options, Alternative minimum tax (AMT). 1040nr e Annuities Charitable gift, Charitable gift annuities. 1040nr e Railroad retirement, Railroad retirement annuities. 1040nr e Tax-sheltered, Limit for tax-sheltered annuities. 1040nr e Archer MSAs, Archer MSA contributions. 1040nr e , Medical savings accounts (Archer MSAs and Medicare Advantage MSAs). 1040nr e Armed forces, Military Combat zone bonus, Veterans' benefits. 1040nr e Disability, Disability. 1040nr e Disability pensions, Military and Government Disability Pensions Health professions scholarship, Tuition Reduction Military action as cause of disability injuries, Terrorist attack or military action. 1040nr e Qualified reservist distribution, Qualified reservist distribution (QRD). 1040nr e Rehabilitative program payments, Veterans' benefits. 1040nr e Retirement pay, Military retirement pay. 1040nr e Veterans benefits, Veterans' benefits. 1040nr e Assistance (see Tax help) Athletic facilities, employer-provided, Athletic Facilities Automobile (see Vehicle, employer-provided) Awards (see Damages from lawsuits) B Babysitting, Babysitting. 1040nr e Back pay, award for, Back pay awards. 1040nr e Backup withholding Barter exchange transactions, Backup withholding. 1040nr e Bankruptcy Canceled debt not deemed to be income, Excluded debt. 1040nr e Barter income, Bartering Below-market loans, Below-market loans. 1040nr e Bequest for services, Bequest for services. 1040nr e Bicycle, Transportation Fringe benefit, Qualified bicycle commuting. 1040nr e Black lung benefit payments, Black lung benefit payments. 1040nr e Bonuses, Bonuses and awards. 1040nr e , Employee awards or bonuses. 1040nr e Breach of contract Damages as income, Court awards and damages. 1040nr e Bribes, Bribes. 1040nr e Business expenses Reimbursements, Allowances and reimbursements. 1040nr e Business income, Business and Investment Income, More information. 1040nr e C Cafeteria plans, Cafeteria plans. 1040nr e Campaign contributions, Campaign contributions. 1040nr e Campus lodging, Qualified campus lodging. 1040nr e , Moving Expense Reimbursements Cancellation of debt, Canceled Debts Cancellation of sales contracts, Canceled sales contract. 1040nr e Capital gains Recoveries, Capital gains. 1040nr e , Capital gains. 1040nr e Capital gains or losses Employee stock option plans (ESOPs), Option granted at a discount. 1040nr e Incentive stock options (ISOs), Incentive stock options (ISOs). 1040nr e Sale of personal property, Sale of personal items. 1040nr e Car (see Vehicle, employer-provided) Car pools, Car pools. 1040nr e Cash or deferred arrangements (CODAs), Elective Deferrals Cash rebates, Cash rebates. 1040nr e Casualty insurance Reimbursements from, Casualty insurance and other reimbursements. 1040nr e Catch-up contributions, Catch-up contributions. 1040nr e , Catch-up contributions. 1040nr e Charitable gift annuities, Charitable gift annuities. 1040nr e Child and Adult Care Food Program Payments to daycare providers, Food program payments to daycare providers. 1040nr e Child support payments, Child support payments. 1040nr e Childcare providers, Childcare providers. 1040nr e , Food program payments to daycare providers. 1040nr e Chronic illness, Chronically ill individual. 1040nr e Accelerated death benefits paid to, Exclusion for chronic illness. 1040nr e Citizens outside U. 1040nr e S. 1040nr e Exclusion of foreign income, Reminders Civil Rights Act of 1964, Title VII Back pay and damages for emotional distress under, Court awards and damages. 1040nr e Clergy, Clergy Coal, Coal and iron ore. 1040nr e Colleges and universities Faculty lodging, Faculty lodging. 1040nr e Scholarships and fellowships, Scholarships and fellowships. 1040nr e Commissions Advance, Miscellaneous Compensation Commuter highway vehicles, Transportation Compensation Employee, Employee Compensation Miscellaneous, Miscellaneous Compensation Unemployment, Unemployment compensation. 1040nr e Workers', Workers' Compensation Compensatory damages, Other compensation. 1040nr e , Court awards and damages. 1040nr e Constructive receipt of income, Constructively received income. 1040nr e Copyrights Infringement damages, Court awards and damages. 1040nr e Royalties, Copyrights and patents. 1040nr e Corporate directors, Corporate director. 1040nr e Cost-of-living allowances, Government cost-of-living allowances. 1040nr e Court awards, Court awards and damages. 1040nr e (see also Damages from lawsuits) Credit card Insurance, Credit card insurance. 1040nr e Credits Recoveries, refiguring of unused credits, Unused tax credits. 1040nr e , Unused tax credits. 1040nr e Currency transactions, foreign, Foreign currency transactions. 1040nr e D Damages from lawsuits, Court awards and damages. 1040nr e Back pay awards, Back pay awards. 1040nr e Breach of contract, Court awards and damages. 1040nr e Compensatory damages, Other compensation. 1040nr e , Court awards and damages. 1040nr e Emotional distress under Title VII, Civil Rights Act of 1964, Court awards and damages. 1040nr e Punitive damages, Court awards and damages. 1040nr e Daycare providers, Childcare providers. 1040nr e (see also Childcare providers) Food program payments to, Food program payments to daycare providers. 1040nr e De minimis benefits, De Minimis (Minimal) Benefits, Meals and Lodging Death benefits, Proceeds not received in installments. 1040nr e (see also Life insurance) Accelerated, Accelerated Death Benefits Debts Canceled, Canceled Debts Excluded debt, Excluded debt. 1040nr e Nonrecourse debts, Mortgage relief upon sale or other disposition. 1040nr e Recourse, Mortgage relief upon sale or other disposition. 1040nr e Stockholder's, Stockholder debt. 1040nr e Deduction Costs of discrimination suits, Deduction for costs involved in unlawful discrimination suits. 1040nr e Deferred compensation Nonqualified plans, Nonqualified deferred compensation plans. 1040nr e , Nonqualified deferred compensation plans of nonqualified entities. 1040nr e Dependent care benefits, Dependent Care Benefits Depletion allowance, Depletion. 1040nr e Differential wage payments, Differential wage payments. 1040nr e Armed forces, Differential wage payments. 1040nr e Directors' fees, Corporate director. 1040nr e Disability Military, Disability. 1040nr e Pensions, Disability Pensions Workers' compensation, Disability pension. 1040nr e Person with, Persons with disabilities. 1040nr e Unemployment compensation, paid as substitute for, Types of unemployment compensation. 1040nr e Disaster relief Disaster mitigation payments, Disaster mitigation payments. 1040nr e Disaster Relief and Emergency Assistance Act Grants, Disaster relief grants. 1040nr e Unemployment benefits, Unemployment Benefits Mitigation payments, Reminders Payments, Disaster relief payments. 1040nr e Discounts Employee discounts, Employee Discounts Employee stock purchase plans, Option granted at a discount. 1040nr e Mortgage loan for early payment, Discounted mortgage loan. 1040nr e Dividends Restricted stock, Dividends received on restricted stock. 1040nr e Divorced taxpayers Stock options exercised incident to divorce, Tax form. 1040nr e Down payment assistance, Down payment assistance. 1040nr e E Educational assistance Employer-provided, Educational Assistance Scholarships and fellowships, Scholarships and fellowships. 1040nr e Educational institutions Faculty lodging, Faculty lodging. 1040nr e Elderly persons Nutrition Program for the Elderly, Nutrition Program for the Elderly. 1040nr e Tax Counseling for the Elderly, Volunteer tax counseling. 1040nr e Election precinct officials, Election precinct official. 1040nr e Elective deferrals, Elective Deferrals Catch-up contributions, Catch-up contributions. 1040nr e , Catch-up contributions. 1040nr e Excess annual additions, Excess Annual Additions Excess contributions, Excess Contributions Excess deferrals, Excess deferrals. 1040nr e Increased limit for last 3 years prior to retirement age, Increased limit. 1040nr e Limit on, Elective Deferrals Reporting by employer, Reporting by employer. 1040nr e Emergency Homeowners' Loan Program, Hardest Hit Fund and Emergency Homeowners' Loan Program. 1040nr e Emotional distress damages, Emotional distress. 1040nr e Employee achievement awards, Employee achievement award. 1040nr e Employee awards or bonuses, Employee awards or bonuses. 1040nr e Employee compensation, Employee Compensation, Inherited property not substantially vested. 1040nr e Fringe benefits, Fringe Benefits, Special valuation rules. 1040nr e Restricted property, Restricted Property, Inherited property not substantially vested. 1040nr e Retirement plan contributions, Retirement Plan Contributions Stock options, Stock Options, Statutory Stock Options Employee discounts, Employee Discounts Employee stock purchase plans, Statutory Stock Options, Employee stock purchase plan. 1040nr e Employer, foreign, Foreign Employer Employer-owned life insurance, Employer-owned life insurance contract. 1040nr e Employer-provided Educational assistance, Educational Assistance Vehicles, Employer-provided vehicles. 1040nr e Employment Abroad, Employment abroad. 1040nr e Agency fees, Employment agency fees. 1040nr e Contracts Severance pay for cancellation of, Severance pay. 1040nr e Endowment proceeds, Endowment Contract Proceeds Energy Assistance, Payments to reduce cost of winter energy. 1040nr e Conservation Subsidies, Energy conservation subsidies. 1040nr e Utility rebates, Utility rebates. 1040nr e Estate income, Estate and trust income. 1040nr e Estimated tax Unemployment compensation, Tax withholding. 1040nr e Excess Annual additions, Excess Annual Additions Contributions, Excess Contributions Deferrals, Excess deferrals. 1040nr e Expected inheritance, Expected inheritance. 1040nr e Expenses paid by another, Expenses paid by another. 1040nr e Exxon Valdez settlement, Exxon Valdez settlement income. 1040nr e Eligible retirement plan, Contributions to eligible retirement plan. 1040nr e Income averaging, Income averaging. 1040nr e Legal expenses, Legal expenses. 1040nr e Reporting requirement-statement, Statement. 1040nr e F Faculty lodging, Faculty lodging. 1040nr e Fair market value (FMV), Fair market value. 1040nr e Stock options, Grant of option. 1040nr e Farming Qualified farm debt, cancellation of, Excluded debt. 1040nr e Federal employees Accrued leave payment, Accrued leave payment. 1040nr e Cost-of-living allowances, Government cost-of-living allowances. 1040nr e Disability pensions, Military and Government Disability Pensions Thrift Savings Plan for, Elective Deferrals Federal Employees Compensation Act (FECA) payments, Federal Employees' Compensation Act (FECA). 1040nr e Federal income tax Refunds, Federal income tax refund. 1040nr e Fees for services, Fees for services. 1040nr e Financial counseling fees, Financial Counseling Fees Fellowships, Scholarships and fellowships. 1040nr e FICA withholding Foreign employers, U. 1040nr e S. 1040nr e citizens working for in U. 1040nr e S. 1040nr e , Social security and Medicare taxes. 1040nr e Paid by employer, Social security and Medicare taxes paid by employer. 1040nr e Fiduciaries Fees for services, Fees for services. 1040nr e , Personal representatives. 1040nr e Financial counseling fees, Financial Counseling Fees (see also Retirement planning services) Fitness programs Employer-provided, Athletic Facilities Flights Employer-provided aircraft, Flights on employer-provided aircraft. 1040nr e No-additional-cost services, No-Additional-Cost Services Food benefits Daycare providers, food program payments to, Food program payments to daycare providers. 1040nr e Nutrition Program for the Elderly, Nutrition Program for the Elderly. 1040nr e Foreign Currency transactions, Foreign currency transactions. 1040nr e Employment, Foreign Employer Governments, employees of, Employees of international organizations or foreign governments. 1040nr e Income, Reminders Service, Service-connected disability. 1040nr e Form 1040 Excess contributions to elective deferrals, Excess Contributions Recoveries, Where to report. 1040nr e Unemployment compensation, Unemployment Benefits Wages from Form W-2, Employee Compensation Form 1040 or 1040A, Schedule B Restricted stock dividends, Stock you chose to include in your income. 1040nr e Form 1040, Schedule A Outplacement services, deduction for, Outplacement services. 1040nr e Repayment of commissions paid in advance, Advance commissions and other earnings. 1040nr e Form 1040, Schedule C Bartering, Bartering Childcare providers to use, Childcare providers. 1040nr e Personal property rental, reporting income from, Reporting business income and expenses. 1040nr e Royalties, Royalties Form 1040, Schedule C-EZ Bartering, Bartering Childcare Providers to use, Childcare providers. 1040nr e Personal property rental, reporting income from, Reporting business income and expenses. 1040nr e Royalties, Royalties Form 1040, Schedule D Stock options, Sale of the stock. 1040nr e Stock options reported on, Statutory Stock Options Form 1040, Schedule E Partner's return, Partner's return. 1040nr e Royalties, Royalties Form 1040A Recoveries, Where to report. 1040nr e Unemployment compensation, Unemployment Benefits Wages from Form W-2, Employee Compensation Form 1040EZ Recoveries, Where to report. 1040nr e Unemployment compensation, Unemployment Benefits Wages from Form W-2, Employee Compensation Form 1041 Estates and trusts, Estate and trust income. 1040nr e Form 1041, Schedule K-1 Beneficiary's share of income, deductions, credits, etc. 1040nr e , Estate and trust income. 1040nr e Form 1065 Partnership return, Partnership return. 1040nr e Form 1065, Schedule K-1 Partner's share of income, Schedule K-1 (Form 1065). 1040nr e , Partnership Income Form 1098 Mortgage interest statement, Mortgage interest refund. 1040nr e Form 1099-B Barter exchange transactions, Form 1099-B from barter exchange. 1040nr e , Backup withholding. 1040nr e Form 1099-C Cancellation of debt, Form 1099-C. 1040nr e Form 1099-DIV Restricted stock dividends, Stock you chose to include in your income. 1040nr e Form 1099-G State tax refunds, State tax refund. 1040nr e Unemployment compensation, Unemployment Benefits Form 1099-MISC Services totaling $600 or more, Fees for services. 1040nr e Stock options exercised incident to divorce, Tax form. 1040nr e Form 1099-R Charitable gift annuities, Charitable gift annuities. 1040nr e Excess annual additions, Excess Annual Additions Excess deferral amounts, Excess distributed to you. 1040nr e Surrender of life insurance policy for cash, Surrender of policy for cash. 1040nr e Form 1120-POL Political organizations, Campaign contributions. 1040nr e Form 1120S S corporation return, S corporation return. 1040nr e Form 1120S, Schedule K-1 Shareholder's share of income, credits, deductions, etc. 1040nr e , Schedule K-1 (Form 1120S). 1040nr e Form 2441 Child and dependent care expenses, Dependent Care Benefits Form 4255 Recapture of investment credit, Amounts Recovered for Credits Form 6251 Alternative minimum tax, Alternative minimum tax (AMT). 1040nr e Form 8839 Adoption assistance, Adoption Assistance Form 8853 Accelerated death benefits, Form 8853. 1040nr e Archer MSAs and long-term care insurance contracts, Archer MSA contributions. 1040nr e Form 8919 Uncollected social security and Medicare tax on wages, Employee Compensation Form RRB-1099 Railroad retirement board payments, Form RRB-1099. 1040nr e Form SSA-1099 Social security benefit statement, Form SSA-1099. 1040nr e Form W-2 501(c)(18)(D) contributions, Section 501(c)(18)(D) contributions. 1040nr e Accrued leave payment at time of retirement or resignation, Accrued leave payment. 1040nr e Back pay awards, Back pay awards. 1040nr e Bonuses or awards, Bonuses and awards. 1040nr e Elective deferrals, reporting by employer, Reporting by employer. 1040nr e Failure to receive from employer, Employee Compensation Fringe benefits reported on, Form W-2. 1040nr e Stock options from employers, Tax form. 1040nr e Wage and tax statement, Employee Compensation Form W-2G Gambling winnings, Form W-2G. 1040nr e Form W-4V Unemployment compensation, voluntary withholding request, Tax withholding. 1040nr e Form W-9 Request for taxpayer identification number, Backup withholding. 1040nr e Foster care, Foster care providers. 1040nr e Foster Grandparent Program, National Senior Service Corps programs. 1040nr e Found property, Found property. 1040nr e Free tax services, Free help with your tax return. 1040nr e Fringe benefits, Fringe Benefits, Special valuation rules. 1040nr e Accident and health insurance, Accident or Health Plan Adoption, employer assistance, Adoption Assistance Athletic facilities, Athletic Facilities Commuter highway vehicles, Transportation De minimis benefits, De Minimis (Minimal) Benefits, Meals and Lodging Dependent care benefits, Dependent Care Benefits Educational assistance, Educational Assistance Employee discounts, Employee Discounts Faculty lodging, Faculty lodging. 1040nr e Financial counseling fees, Financial Counseling Fees Holiday gifts, Holiday gifts. 1040nr e Meals and lodging, Meals and Lodging Moving expenses (see Moving expenses) No-additional-cost services, No-Additional-Cost Services Parking, Transportation Retirement planning (see Retirement planning services) Transit pass, Transportation, Transit pass. 1040nr e Tuition reduction, Tuition Reduction Valuation of, Valuation of Fringe Benefits, Special valuation rules. 1040nr e Vehicle, Employer-provided vehicles. 1040nr e Working condition benefits, Working Condition Benefits Frozen deposits Interest on, Interest on frozen deposits. 1040nr e G Gambling winnings and losses, Gambling winnings. 1040nr e Gas Royalties from, Oil, gas, and minerals. 1040nr e Gifts, Gifts and inheritances. 1040nr e Holiday gifts from employer, Holiday gifts. 1040nr e Government employees (see Federal employees; State employees) Grantor trusts, Grantor trust. 1040nr e Group-term life insurance Worksheets, Figuring the taxable cost. 1040nr e , Worksheet 1. 1040nr e Figuring the Cost of Group-Term Life Insurance To Include in Income—Illustrated Gulf oil spill, Reminders, Gulf oil spill. 1040nr e H HAMP Home affordable modification program Pay-for-performance success payments, Home Affordable Modification Program (HAMP). 1040nr e Hardest Hit Fund Program, Hardest Hit Fund and Emergency Homeowners' Loan Program. 1040nr e Health Flexible spending arrangement, Health flexible spending arrangement (health FSA). 1040nr e Insurance, Accident or Health Plan Reimbursement arrangement, Health reimbursement arrangement (HRA). 1040nr e Savings account, Health savings accounts (HSA). 1040nr e Help (see Tax help) Highly compensated employees Excess contributions to elective deferrals, Excess Contributions Historic preservation grants, Historic preservation grants. 1040nr e Hobby losses, Hobby losses. 1040nr e Holding period requirement, Holding period requirement. 1040nr e Holiday gifts, Holiday gifts. 1040nr e Holocaust victims restitution, Holocaust victims restitution. 1040nr e Home, sale of, Sale of home. 1040nr e Host or hostess, Host or Hostess Hotels No-additional-cost services, No-Additional-Cost Services Housing (see Lodging) I Illegal activities, Illegal activities. 1040nr e Incentive stock options (ISOs), Statutory Stock Options, Incentive stock options (ISOs). 1040nr e Income Assigned, Assignment of income. 1040nr e Business and investment, Business and Investment Income, More information. 1040nr e Constructive receipt of, Constructively received income. 1040nr e Estate and trust, Estate and trust income. 1040nr e Foreign employers, Foreign Employer Illegal, Illegal activities. 1040nr e Miscellaneous, Miscellaneous Income Other, Other Income Partnership, Partnership Income Prepaid, Prepaid income. 1040nr e S corporation, S Corporation Income Indian fishing rights, Indian fishing rights. 1040nr e Indian money account, Indian money account litigation settlement. 1040nr e Individual retirement arrangements (IRAs) Deduction, Benefits may affect your IRA deduction. 1040nr e Inherited IRA, Inherited pension or IRA. 1040nr e Inheritance, Gifts and inheritances. 1040nr e IRA, Inherited pension or IRA. 1040nr e Property not substantially vested, Inherited property not substantially vested. 1040nr e Injury benefits, Sickness and Injury Benefits, Reimbursement for medical care. 1040nr e Insurance Credit card, Credit card insurance. 1040nr e Health, Accident or Health Plan Life (see Life insurance) Long-term care (see Long-term care insurance) Interest Canceled debt including, Interest included in canceled debt. 1040nr e Frozen deposits, Interest on frozen deposits. 1040nr e Mortgage refunds, Mortgage interest refund. 1040nr e Option on insurance, Interest option on insurance. 1040nr e Recovery amounts, Interest on recovery. 1040nr e Savings bond, Interest on qualified savings bonds. 1040nr e State and local government obligations, Interest on state and local government obligations. 1040nr e Interference with business operations Damages as income, Court awards and damages. 1040nr e International organizations, employees of, Foreign Employer Interview expenses, Job interview expenses. 1040nr e Investment counseling fees, Financial Counseling Fees (see also Retirement planning services) Investment income, Business and Investment Income, More information. 1040nr e IRAs (see Individual retirement arrangements (IRAs)) Iron ore, Coal and iron ore. 1040nr e Itemized deductions Limited, Itemized deductions limited. 1040nr e Recoveries, Recoveries, Itemized Deduction Recoveries J Job interview expenses, Job interview expenses. 1040nr e Joint returns Social security benefits or railroad retirement payments, Joint return. 1040nr e Joint state/local tax return Recoveries, Joint state or local income tax return. 1040nr e Jury duty pay, Jury duty. 1040nr e K Kickbacks, Kickbacks. 1040nr e L Labor unions Convention expenses, reimbursed, Reimbursed union convention expenses. 1040nr e Dues, Union benefits and dues. 1040nr e Strike and lockout benefits, Strike and lockout benefits. 1040nr e Unemployment benefits paid from, Payments by a union. 1040nr e Last day of tax year, income received on, Constructively received income. 1040nr e Leave (see Accrued leave payment) Length-of-service awards, Employee achievement award. 1040nr e Life insurance Employer-owned, Employer-owned life insurance contract. 1040nr e Proceeds, Life Insurance Proceeds Surrender of policy for cash, Surrender of policy for cash. 1040nr e Loans, Discounted mortgage loan. 1040nr e (see also Mortgage) Below-market, Below-market loans. 1040nr e Student, Student loans. 1040nr e Lockout benefits, Strike and lockout benefits. 1040nr e Lodging Campus lodging, Qualified campus lodging. 1040nr e , Moving Expense Reimbursements Clergy, Housing Employer-paid or reimbursed, Meals and Lodging Faculty lodging, Faculty lodging. 1040nr e Replacement housing payments, Replacement housing payments. 1040nr e Long-term care insurance, Long-term care coverage. 1040nr e , Long-Term Care Insurance Contracts Lotteries and raffles, Lotteries and raffles. 1040nr e Lump-sum distributions Survivor benefits, Lump-sum payments. 1040nr e M Manufacturer incentive payments, Manufacturer incentive payments. 1040nr e Meals Employer-paid or reimbursed, Meals and Lodging Nutrition Program for the Elderly, Nutrition Program for the Elderly. 1040nr e Medical Care reimbursements, Reimbursement for medical care. 1040nr e Savings accounts, Medical savings accounts (Archer MSAs and Medicare Advantage MSAs). 1040nr e Medicare Advantage MSAs, Medical savings accounts (Archer MSAs and Medicare Advantage MSAs). 1040nr e Benefits, Medicare. 1040nr e Tax paid by employer, Social security and Medicare taxes paid by employer. 1040nr e Medicare tax (see Social security and Medicare taxes) Military (see Armed forces) Minerals Royalties from, Oil, gas, and minerals. 1040nr e Miscellaneous Compensation, Miscellaneous Compensation Income, Miscellaneous Income Missing children, photographs of, Reminders Mortgage Assistance payment (under sec. 1040nr e 235 of National Housing Act), Mortgage assistance payments under section 235 of the National Housing Act. 1040nr e Discounted loan, Discounted mortgage loan. 1040nr e Interest refund, Mortgage interest refund. 1040nr e Qualified principal residence indebtedness, Qualified principal residence indebtedness (QPRI). 1040nr e Relief, Mortgage relief upon sale or other disposition. 1040nr e Motor vehicle, employer-provided, Employer-provided vehicles. 1040nr e Moving expenses Reimbursements, Allowances and reimbursements. 1040nr e , Moving expense reimbursements. 1040nr e MSAs (Medical savings accounts), Medical savings accounts (Archer MSAs and Medicare Advantage MSAs). 1040nr e N National Health Service Corps Scholarship Program, Tuition Reduction National Oceanic and Atmospheric Administration, Service-connected disability. 1040nr e National Senior Service Corps, National Senior Service Corps programs. 1040nr e No-additional-cost services, No-Additional-Cost Services No-fault car insurance Disability benefits under, Other compensation. 1040nr e Nobel prize, Pulitzer, Nobel, and similar prizes. 1040nr e Nonrecourse debt, Mortgage relief upon sale or other disposition. 1040nr e Nonstatutory stock options, Nonstatutory Stock Options Nontaxable income, Introduction Not-for-profit activities, Activity not for profit. 1040nr e Notary fees, Notary public. 1040nr e Notes received for services, Note received for services. 1040nr e Nutrition Program for the Elderly, Nutrition Program for the Elderly. 1040nr e O Oil Royalties from, Oil, gas, and minerals. 1040nr e Old-age, survivors, and disability insurance benefits (OASDI), Old-age, survivors, and disability insurance benefits (OASDI). 1040nr e Options, stock, Stock Options, Statutory Stock Options Outplacement services, Outplacement services. 1040nr e Overseas work, Reminders P Parking fees Employer-paid or reimbursed, Transportation, Qualified parking. 1040nr e Partner and partnership income, Partnership Income Patents Infringement damages, Court awards and damages. 1040nr e Royalties, Copyrights and patents. 1040nr e Peace Corps, Peace Corps. 1040nr e Pensions Clergy, Pension. 1040nr e Disability pensions, Disability Pensions Inherited pensions, Inherited pension or IRA. 1040nr e Military, Military retirement pay. 1040nr e Personal property Rental income and expense, Rents From Personal Property Sale of, Sale of personal items. 1040nr e Personal representatives (see Fiduciaries) Prepaid income, Prepaid income. 1040nr e Price reduced after purchase, Price reduced after purchase. 1040nr e Prizes and awards, Bonuses and awards. 1040nr e , Prizes and awards. 1040nr e Achievement awards, Employee achievement award. 1040nr e Employee awards or bonuses, Employee awards or bonuses. 1040nr e Length-of-service awards, Employee achievement award. 1040nr e Pulitzer, Nobel, and similar prizes, Pulitzer, Nobel, and similar prizes. 1040nr e Safety achievement, Employee achievement award. 1040nr e Scholarship prizes, Prizes. 1040nr e Profit-sharing plan, Retirement and profit-sharing plans. 1040nr e Public assistance benefits, Welfare and Other Public Assistance Benefits Public Health Service, Service-connected disability. 1040nr e Public safety officers killed in line of duty, Public safety officer killed in the line of duty. 1040nr e Public transportation passes, employer-provided, Transportation, Transit pass. 1040nr e Publications (see Tax help) Pulitzer prize, Pulitzer, Nobel, and similar prizes. 1040nr e Punitive damages, Court awards and damages. 1040nr e Q Qualified joint venture, Reminders Qualified tuition program (QTP), Qualified tuition program (QTP). 1040nr e R Raffles, Lotteries and raffles. 1040nr e Railroad Retirement annuities, Railroad retirement annuities. 1040nr e Retirement benefits, Social security and equivalent railroad retirement benefits. 1040nr e Sick pay, Railroad sick pay. 1040nr e Unemployment compensation benefits, Types of unemployment compensation. 1040nr e Real estate Qualified real property business debt, cancellation of, Excluded debt. 1040nr e Rebates Cash, Cash rebates. 1040nr e Utility, Utility rebates. 1040nr e Recovery of amounts previously deducted, Recoveries, Standard deduction for earlier years. 1040nr e Itemized deductions, Recoveries, Itemized Deduction Recoveries Non-itemized deductions, Non-Itemized Deduction Recoveries Unused tax credits, refiguring of, Unused tax credits. 1040nr e , Unused tax credits. 1040nr e Refunds Federal income tax, Federal income tax refund. 1040nr e Mortgage interest, Mortgage interest refund. 1040nr e State tax, State tax refund. 1040nr e Rehabilitative program payments, Veterans' benefits. 1040nr e Reimbursements Business expenses, Allowances and reimbursements. 1040nr e Casualty losses, Casualty insurance and other reimbursements. 1040nr e Meals and lodging, Meals and Lodging Medical expenses, Reimbursement for medical care. 1040nr e Moving expenses, Allowances and reimbursements. 1040nr e , Moving expense reimbursements. 1040nr e Related party transactions Stock option transfer, Transfer in non-arm's-length transaction. 1040nr e Religious order members, Members of Religious Orders Rental income and expenses Personal property rental, Rents From Personal Property Reporting of, Reporting business income and expenses. 1040nr e Repayments, Repayments, Year of deduction (or credit). 1040nr e Repossession, Canceled sales contract. 1040nr e Restricted property, Restricted Property, Inherited property not substantially vested. 1040nr e Retired Senior Volunteer Program (RSVP), National Senior Service Corps programs. 1040nr e Retirement Settlement, Reminders Retirement planning services, Financial Counseling Fees, Retirement Planning Services Retirement plans, Military retirement pay. 1040nr e (see also Pensions) Automatic contribution arrangements, Qualified automatic contribution arrangements. 1040nr e Contributions, Retirement Plan Contributions, Excess Annual Additions, Statutory Stock Options Elective deferrals (see Elective deferrals) Rewards, Rewards. 1040nr e Roth contributions, Designated Roth contributions. 1040nr e Royalties, Royalties S S corporations, S Corporation Income Safety achievement awards, Employee achievement award. 1040nr e Salary reduction simplified employee pension plans (see SARSEPs) Sale of home, Sale of home. 1040nr e Sales contracts Cancellation of, Canceled sales contract. 1040nr e SARSEPs, Elective Deferrals Excess contributions, Excess Contributions Savings bonds, Interest on qualified savings bonds. 1040nr e Savings incentive match plans for employees (see SIMPLE plans) Scholarships and fellowships, Scholarships and fellowships. 1040nr e Self-employed persons U. 1040nr e S. 1040nr e citizens working for foreign employers in U. 1040nr e S. 1040nr e treated as, Social security and Medicare taxes. 1040nr e Senior Companion Program, National Senior Service Corps programs. 1040nr e Service Corps of Retired Executives (SCORE), Service Corps of Retired Executives (SCORE). 1040nr e Severance pay, Severance pay. 1040nr e Outplacement services, Outplacement services. 1040nr e Sick pay, Sick pay. 1040nr e Sickness and injury benefits, Sickness and Injury Benefits, Reimbursement for medical care. 1040nr e SIMPLE plans, Elective Deferrals Limit for deferrals under, Limit for deferrals under SIMPLE plans. 1040nr e Smallpox vaccine injuries, Smallpox vaccine injuries. 1040nr e Social security and Medicare taxes Foreign employers, U. 1040nr e S. 1040nr e citizens working for in U. 1040nr e S. 1040nr e , Social security and Medicare taxes. 1040nr e Paid by employer, Social security and Medicare taxes paid by employer. 1040nr e Social security benefits, Social security and equivalent railroad retirement benefits. 1040nr e Standard deduction Recoveries, Standard deduction limit. 1040nr e , Standard deduction for earlier years. 1040nr e State employees Unemployment benefits paid to, State employees. 1040nr e State or local governments Interest on obligations of, Interest on state and local government obligations. 1040nr e State or local taxes Refunds, State tax refund. 1040nr e Statutory stock option holding period, Sale of the stock. 1040nr e Stock appreciation rights, Stock appreciation rights. 1040nr e Stock options, Stock Options, Statutory Stock Options Stock options, nonstatutory Exercise or transfer, Exercise or transfer of option. 1040nr e Grant, Grant of option. 1040nr e Sale, Sale of the stock. 1040nr e Stock options, statutory Exercise, Exercise of option. 1040nr e Grant, Grant of option. 1040nr e Sale, Sale of the stock. 1040nr e Stockholder debts, Stockholder debt. 1040nr e Stolen property, Stolen property. 1040nr e Strike benefits, Strike and lockout benefits. 1040nr e Student loans Cancellation of debt, Student loans. 1040nr e Substantial risk of forfeiture, Substantial risk of forfeiture. 1040nr e Substantially vested property, Substantially vested. 1040nr e Supplemental security income (SSI) payments, Social security and equivalent railroad retirement benefits. 1040nr e Supplemental unemployment benefits, Supplemental unemployment benefits. 1040nr e Surviving spouse Life insurance proceeds paid to, Surviving spouse. 1040nr e Survivor benefits, Survivor Benefits T Tables and figures Group-term life insurance (Table 1), Group-Term Life Insurance Tax benefit rule, Tax benefit rule. 1040nr e Tax Counseling for the Elderly, Volunteer tax counseling. 1040nr e Tax help, How To Get Tax Help Tax-sheltered annuity plans (403(b) plans), Elective Deferrals Limit for, Limit for tax-sheltered annuities. 1040nr e Terminal illness, Exclusion for terminal illness. 1040nr e Terrorist attacks Disability payments for injuries from, Terrorist attack or military action. 1040nr e Victims of, tax relief, Reminders Thrift Savings Plan, Elective Deferrals Title VII, Civil Rights Act of 1964 Back pay and damages for emotional distress under, Court awards and damages. 1040nr e Tour guides, free tours for, Free tour. 1040nr e Trade Act of 1974 Trade readjustment allowances under, Types of unemployment compensation. 1040nr e , Repayment of benefits. 1040nr e Transferable property, Transferable property. 1040nr e Transit passes, Transportation, Transit pass. 1040nr e Travel agencies Free tour to organizer of group of tourists, Free tour. 1040nr e Travel and transportation expenses Free tours from travel agencies, Free tour. 1040nr e Fringe benefits, Transportation Reimbursements, Allowances and reimbursements. 1040nr e School children, transporting of, Transporting school children. 1040nr e Trusts Grantor trusts, Grantor trust. 1040nr e Income, Estate and trust income. 1040nr e Tuition program, qualified (QTP), Qualified tuition program (QTP). 1040nr e Tuition reduction, Tuition Reduction U Unemployment compensation, Unemployment Benefits Unions (see Labor unions) Unlawful discrimination suits Deduction for costs, Deduction for costs involved in unlawful discrimination suits. 1040nr e V VA payments, VA payments. 1040nr e Valuation Fringe benefits, Valuation of Fringe Benefits, Special valuation rules. 1040nr e Stock options, Nonstatutory Stock Options Vehicle Commuter highway, Commuter highway vehicle. 1040nr e Employer-provided, Employer-provided vehicles. 1040nr e Veterans benefits, Veterans' benefits. 1040nr e Disability compensation, Retroactive VA determination. 1040nr e Retroactive VA determination, Retroactive VA determination. 1040nr e Special statute of limitations. 1040nr e , Special statute of limitations. 1040nr e Viatical settlements, Viatical settlement. 1040nr e Volunteer work, Volunteers Tax counseling (Volunteer Income Tax Assistance Program), Volunteer tax counseling. 1040nr e Volunteers in Service to America (VISTA), Volunteers in Service to America (VISTA). 1040nr e W W-2 form (see Form W-2) Welfare benefits, Welfare and Other Public Assistance Benefits Whistleblower, Whistleblower's award. 1040nr e Winter energy payments, Payments to reduce cost of winter energy. 1040nr e Withholding Barter exchange transactions, Backup withholding. 1040nr e Unemployment compensation, Tax withholding. 1040nr e Work-training programs, Work-training program. 1040nr e Workers' compensation, Workers' Compensation Working condition benefits, Working Condition Benefits Worksheets Group-term life insurance (Worksheet 1), Figuring the taxable cost. 1040nr e , Worksheet 1. 1040nr e Figuring the Cost of Group-Term Life Insurance To Include in Income—Illustrated Prev  Up     Home   More Online Publications