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2011 Ez Tax Form

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2011 Ez Tax Form

2011 ez tax form Index A Alien Resident, Resident alien. 2011 ez tax form American Institute in Taiwan, U. 2011 ez tax form S. 2011 ez tax form employees of, American Institute in Taiwan. 2011 ez tax form American Samoa, possession exclusion, American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands Apprentices, treaty benefits for, Common Benefits Assistance (see Tax help) B Binational social security agreements, Bilateral Social Security (Totalization) Agreements Blocked income, Blocked Income Bona fide residence test Defined, Bona Fide Residence Test First year, Bona fide resident for part of a year. 2011 ez tax form Last year, Bona fide resident for part of a year. 2011 ez tax form Meeting the requirements, Publication 54 - Additional Material Qualifying for, Bona fide residence. 2011 ez tax form , Reassignment. 2011 ez tax form Treaty provisions, Special agreements and treaties. 2011 ez tax form Voting by absentee ballot, Effect of voting by absentee ballot. 2011 ez tax form Waiver of time requirements, Waiver of Time Requirements, U. 2011 ez tax form S. 2011 ez tax form Travel Restrictions C Camps, foreign, Foreign camps. 2011 ez tax form Carryover of housing deduction, Carryover. 2011 ez tax form Change of address, Reminders Choosing the exclusion, Choosing the Exclusion, When You Can Choose the Exclusion Clergy, self-employment tax on, Members of the Clergy Community income, Community income. 2011 ez tax form Competent authority assistance, Competent Authority Assistance Contributions To foreign charitable organizations, Contributions to Foreign Charitable Organizations To IRAs, Contributions to Individual Retirement Arrangements Conventions, income tax, Purpose of Tax Treaties Credit Earned income, Earned income credit. 2011 ez tax form , Earned income credit. 2011 ez tax form Foreign tax, Foreign tax credit. 2011 ez tax form , Taxes of Foreign Countries and U. 2011 ez tax form S. 2011 ez tax form Possessions, Deduction for Other Foreign Taxes, Common Benefits Related to excluded income, Items Related to Excluded Income Currency Foreign, Foreign Currency D Deductions Contributions to foreign charitable organizations, Contributions to Foreign Charitable Organizations Foreign taxes, Taxes of Foreign Countries and U. 2011 ez tax form S. 2011 ez tax form Possessions, Deduction for Other Foreign Taxes, Common Benefits, Publication 54 - Additional Material Housing, foreign, Foreign Housing Deduction IRA contributions, Contributions to Individual Retirement Arrangements Moving expenses, Moving Expenses, Forms To File Related to excluded income, Items Related to Excluded Income Reporting, How To Report Deductions Dependents Exemption for, Exemptions, Publication 54 - Additional Material Individual taxpayer identification number (ITIN), Social security number. 2011 ez tax form Social security number, Social security number. 2011 ez tax form Deposit of foreign currency with disbursing officer, Deposit of foreign currency with disbursing officer. 2011 ez tax form E Earned income Foreign, Foreign Earned Income, Foreign camps. 2011 ez tax form , Publication 54 - Additional Material Source of, Source of Earned Income Types of, Earned and Unearned Income, Storage expense reimbursements. 2011 ez tax form Earned income credit, Earned income credit. 2011 ez tax form , Earned income credit. 2011 ez tax form Employer-provided amounts, Employer-provided amounts. 2011 ez tax form Estimated tax, Estimated Tax Exclusion Foreign earned income, Foreign Earned Income Exclusion, When You Can Choose the Exclusion Housing, Foreign Housing Exclusion, Choosing the exclusion. 2011 ez tax form Meals and lodging, Exclusion of Meals and Lodging U. 2011 ez tax form S. 2011 ez tax form possessions, American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands Exemptions Dependents, Exemptions, Publication 54 - Additional Material Spouse, Exemptions, Publication 54 - Additional Material Extensions Filing income tax return, Extensions, Return filed before test is met. 2011 ez tax form Meeting bona fide residence or physical presence test, Extension of time to meet tests. 2011 ez tax form F Fellowships, Scholarships and fellowships. 2011 ez tax form Figuring estimated tax on nonconvertible foreign income, Figuring estimated tax on nonconvertible foreign currency. 2011 ez tax form Figuring U. 2011 ez tax form S. 2011 ez tax form income tax, Figuring actual tax. 2011 ez tax form Filing information Estimated tax, Estimated Tax Filing requirements, Filing Requirements Nonresident spouse treated as resident, Nonresident Alien Spouse Treated as a Resident, Foreign earned income exclusion. 2011 ez tax form Filing requirements By filing status, Filing Requirements Foreign currency, Foreign Currency When to file and pay, When To File and Pay, Return filed before test is met. 2011 ez tax form , Publication 54 - Additional Material Where to file, Where To File, Publication 54 - Additional Material Foreign Camps, Foreign camps. 2011 ez tax form Country, defined, Foreign Country Currency, Foreign Currency Earned income, Foreign Earned Income, Foreign camps. 2011 ez tax form , Publication 54 - Additional Material Household, second, Second foreign household. 2011 ez tax form Foreign currency, deposit with disbursing officer, Deposit of foreign currency with disbursing officer. 2011 ez tax form Foreign earned income Defined, Foreign Earned Income, More information. 2011 ez tax form U. 2011 ez tax form S. 2011 ez tax form Government employees, U. 2011 ez tax form S. 2011 ez tax form Government Employees, More information. 2011 ez tax form Foreign earned income exclusion Choosing, Choosing the Exclusion, When You Can Choose the Exclusion Defined, Foreign Earned Income Exclusion Earned income credit, Earned income credit. 2011 ez tax form Foreign tax credit, Foreign tax credit or deduction. 2011 ez tax form Income received after year earned, Paid in year following work. 2011 ez tax form , Example. 2011 ez tax form Limit, Limit on Excludable Amount, Physical presence test. 2011 ez tax form , Publication 54 - Additional Material Maximum exclusion, Limit on Excludable Amount, Physical presence test. 2011 ez tax form Part-year exclusion, Part-year exclusion. 2011 ez tax form Physical presence test, maximum exclusion, Physical presence test. 2011 ez tax form Requirements, Who Qualifies for the Exclusions and the Deduction?, Foreign camps. 2011 ez tax form Revoking choice, Revoking the Exclusion Foreign housing exclusion Earned income credit, Earned income credit. 2011 ez tax form Foreign tax credit, Foreign tax credit or deduction. 2011 ez tax form Foreign housing exclusion/deduction Carryover of deduction, Carryover. 2011 ez tax form Deduction, figuring, Foreign Housing Deduction Exclusion, figuring, Foreign Housing Exclusion, Choosing the exclusion. 2011 ez tax form Housing amount, Housing Amount Housing expenses, Housing expenses. 2011 ez tax form Married couples, Married Couples Requirements, Who Qualifies for the Exclusions and the Deduction?, Foreign camps. 2011 ez tax form Second foreign household, Second foreign household. 2011 ez tax form Foreign tax credit Earned income exclusion, Foreign tax credit or deduction. 2011 ez tax form , Foreign tax credit or deduction. 2011 ez tax form Foreign taxes Credit for, Foreign tax credit. 2011 ez tax form , Taxes of Foreign Countries and U. 2011 ez tax form S. 2011 ez tax form Possessions, Deduction for Other Foreign Taxes, Common Benefits Deduction for, Taxes of Foreign Countries and U. 2011 ez tax form S. 2011 ez tax form Possessions, Deduction for Other Foreign Taxes, Common Benefits, Publication 54 - Additional Material Paid on excluded income, Foreign taxes paid on excluded income. 2011 ez tax form Form 1040-ES, Estimated Tax 1040X, Return filed before test is met. 2011 ez tax form , How To Make the Choice 1116, Credit for Foreign Income Taxes 2032, Foreign affiliate. 2011 ez tax form 2350, How to get an extension. 2011 ez tax form 2555, Choosing the Exclusion, Form 2555 and Form 2555-EZ, Form 2555 2555-EZ, Choosing the Exclusion, Form 2555 and Form 2555-EZ, Form 2555 3115, Blocked Income 3903, Forms To File 4361, Members of the Clergy 4563, American Samoa. 2011 ez tax form 4868, Automatic 6-month extension. 2011 ez tax form 673, Statement. 2011 ez tax form 8689, Non-USVI resident with USVI income. 2011 ez tax form 8822, Reminders W-4, Foreign tax credit. 2011 ez tax form Free tax services, Free help with your tax return. 2011 ez tax form Frequently asked questions (FAQs), Publication 54 - Additional Material Fulbright grant, Fulbright Grant, Publication 54 - Additional Material G General tax questions, Publication 54 - Additional Material Green card test, Resident alien. 2011 ez tax form Guam Possession exclusion, American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands Residents of, Resident of Guam. 2011 ez tax form Where to file, Resident of Guam. 2011 ez tax form H Help (see Tax help) Housing Amount, Housing Amount, Self-employed and employer-provided amounts. 2011 ez tax form Deduction, Foreign Housing Exclusion and Deduction, Foreign Housing Deduction Exclusion, Foreign Housing Exclusion and Deduction, Choosing the exclusion. 2011 ez tax form Expenses, Housing expenses. 2011 ez tax form I Income Apprentices, treaty benefits for, Common Benefits Artist, Income of an artist. 2011 ez tax form Blocked, Blocked Income Community, Community income. 2011 ez tax form Corporation, Income from a corporation. 2011 ez tax form Earned, Foreign Earned Income, Foreign camps. 2011 ez tax form , Publication 54 - Additional Material Employer's property or facilities, use of, Use of employer's property or facilities. 2011 ez tax form Investment, treaty benefits for, Common Benefits Partnership, Income from a sole proprietorship or partnership. 2011 ez tax form Pensions and annuities, Pensions and annuities. 2011 ez tax form , Common Benefits Personal service, treaty benefits for, Common Benefits Professional fees, Professional fees. 2011 ez tax form Professors, treaty benefits for, Common Benefits Railroad retirement benefits, Publication 54 - Additional Material Reimbursement of employee expenses, Reimbursement of employee expenses. 2011 ez tax form Reimbursement of moving expenses, Reimbursement of moving expenses. 2011 ez tax form Rental, Rental income. 2011 ez tax form Royalties, Royalties. 2011 ez tax form Social security benefits, Publication 54 - Additional Material Sole proprietorship, Income from a sole proprietorship or partnership. 2011 ez tax form Source of, Source of Earned Income Stock options, Stock options. 2011 ez tax form Students, treaty benefits for, Common Benefits Teachers, treaty benefits for, Common Benefits Trainees, treaty benefits for, Common Benefits Unearned, Earned and Unearned Income Indefinite assignment, Temporary or Indefinite Assignment Individual retirement arrangements (IRAs), Contributions to Individual Retirement Arrangements Individual taxpayer identification number (ITIN), Social security number. 2011 ez tax form Investment income, treaty benefits for, Common Benefits IRAs, Contributions to Individual Retirement Arrangements L Limit on Foreign housing deduction, Limit Housing expenses, Limit on housing expenses. 2011 ez tax form Income exclusion, Limit on Excludable Amount, Physical presence test. 2011 ez tax form Lodging, exclusion of, Exclusion of Meals and Lodging M Married couples, Married Couples Meals and lodging, exclusion of, Exclusion of Meals and Lodging Moving Allocating expenses, Allocation of Moving Expenses Deducting expenses, Moving Expenses, Forms To File Reimbursement of expenses, Reimbursement of moving expenses. 2011 ez tax form N Nonresident spouse Social security number, Social Security Number (SSN) Treated as resident, Nonresident Alien Spouse Treated as a Resident, Foreign earned income exclusion. 2011 ez tax form Northern Mariana Islands Possession exclusion, American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands Residents of, Resident of the Commonwealth of the Northern Mariana Islands. 2011 ez tax form Where to file, Resident of the Commonwealth of the Northern Mariana Islands. 2011 ez tax form P Part-year exclusion, Part-year exclusion. 2011 ez tax form Pay for personal services, Earned income. 2011 ez tax form , Common Benefits Paying U. 2011 ez tax form S. 2011 ez tax form tax in foreign currency, Paying U. 2011 ez tax form S. 2011 ez tax form tax in foreign currency. 2011 ez tax form Payment of tax, When To File and Pay Penalties and interest, Publication 54 - Additional Material Pensions and annuities Income from, Pensions and annuities. 2011 ez tax form , Common Benefits Withholding from, Withholding from pension payments. 2011 ez tax form Physical presence test 12-month period, How to figure the 12-month period. 2011 ez tax form Defined, Physical Presence Test Maximum exclusion, Physical presence test. 2011 ez tax form Meeting the requirements, Publication 54 - Additional Material Waiver of time requirements, Waiver of Time Requirements, U. 2011 ez tax form S. 2011 ez tax form Travel Restrictions Professors, treaty benefits for, Common Benefits Publications (see Tax help) Puerto Rico Possession exclusion, Puerto Rico and U. 2011 ez tax form S. 2011 ez tax form Virgin Islands Residents of, Puerto Rico. 2011 ez tax form Q Questions and answers, Publication 54 - Additional Material R Railroad retirement benefits, Publication 54 - Additional Material Reimbursement Accountable plan, Accountable plan. 2011 ez tax form Employee expenses, Reimbursement of employee expenses. 2011 ez tax form Moving expenses, Reimbursement of moving expenses. 2011 ez tax form Resident alien defined, Resident alien. 2011 ez tax form Revoking choice to exclude, Revoking the Exclusion S Scholarship and fellowship grants, Publication 54 - Additional Material Scholarships, Scholarships and fellowships. 2011 ez tax form Second foreign household, Second foreign household. 2011 ez tax form , Married Couples Self-employment tax Clergy, Members of the Clergy Exemption from, Exemption From Social Security and Medicare Taxes How to pay, Publication 54 - Additional Material Who must pay, Who Must Pay Self-Employment Tax? Social security and Medicare taxes, Social Security and Medicare Taxes Social security benefits, Publication 54 - Additional Material Social security number Dependents, Social security number. 2011 ez tax form Nonresident spouse, Social Security Number (SSN) Source of earned income, Source of Earned Income Spouse, exemption for, Exemptions, Publication 54 - Additional Material Students, treaty benefits for, Common Benefits Substantial presence test, Resident alien. 2011 ez tax form T Taiwan, American Institute in, American Institute in Taiwan. 2011 ez tax form Tax help, How To Get Tax Help Tax home, Tax Home in Foreign Country, Temporary or Indefinite Assignment Tax treaties Benefits of, Common Benefits, More information on treaties. 2011 ez tax form Competent authority assistance, Competent Authority Assistance Determining residence, Special agreements and treaties. 2011 ez tax form Obtaining copies of, Obtaining Copies of Tax Treaties Purpose of, Purpose of Tax Treaties Teachers, treaty benefits for, Common Benefits Temporary assignment, expenses, Temporary or Indefinite Assignment Totalization agreements, Bilateral Social Security (Totalization) Agreements Trainees, treaty benefits for, Common Benefits Travel restrictions, U. 2011 ez tax form S. 2011 ez tax form Travel Restrictions Treaties (see Tax treaties) TTY/TDD information, How To Get Tax Help U U. 2011 ez tax form S. 2011 ez tax form Government employees, U. 2011 ez tax form S. 2011 ez tax form Government Employees, More information. 2011 ez tax form U. 2011 ez tax form S. 2011 ez tax form Virgin Islands Possession exclusion, Puerto Rico and U. 2011 ez tax form S. 2011 ez tax form Virgin Islands V Virgin Islands Nonresidents of, Non-USVI resident with USVI income. 2011 ez tax form Residents of, Resident of U. 2011 ez tax form S. 2011 ez tax form Virgin Islands (USVI). 2011 ez tax form Where to file, Resident of U. 2011 ez tax form S. 2011 ez tax form Virgin Islands (USVI). 2011 ez tax form W Waiver of time requirements, Waiver of Time Requirements, U. 2011 ez tax form S. 2011 ez tax form Travel Restrictions When to file and pay, When To File and Pay, Return filed before test is met. 2011 ez tax form , Publication 54 - Additional Material Where to file Claiming exclusion/deduction, Where To File Commonwealth of the Northern Mariana Islands residents, Resident of the Commonwealth of the Northern Mariana Islands. 2011 ez tax form Guam residents, Resident of Guam. 2011 ez tax form No legal residence in U. 2011 ez tax form S. 2011 ez tax form , Where To File Virgin Islands residents, nonresidents, Resident of U. 2011 ez tax form S. 2011 ez tax form Virgin Islands (USVI). 2011 ez tax form Withholding Income tax, Income Tax Withholding , Publication 54 - Additional Material Pension payments, Withholding from pension payments. 2011 ez tax form Prev  Up     Home   More Online Publications
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The 2011 Ez Tax Form

2011 ez tax form 16. 2011 ez tax form   Reporting Gains and Losses Table of Contents What's New Introduction Useful Items - You may want to see: Reporting Capital Gains and Losses Exception 1. 2011 ez tax form Exception 2. 2011 ez tax form File Form 1099-B or Form 1099-S with the IRS. 2011 ez tax form Capital Losses Capital Gain Tax Rates What's New Maximum capital gain rates. 2011 ez tax form . 2011 ez tax form  For 2013, the maximum capital gain rates are 0%, 15%, 20%, 25%, and 28%. 2011 ez tax form Introduction This chapter discusses how to report capital gains and losses from sales, exchanges, and other dispositions of investment property on Form 8949 and Schedule D (Form 1040). 2011 ez tax form The discussion includes the following topics. 2011 ez tax form How to report short-term gains and losses. 2011 ez tax form How to report long-term gains and losses. 2011 ez tax form How to figure capital loss carryovers. 2011 ez tax form How to figure your tax on a net capital gain. 2011 ez tax form If you sell or otherwise dispose of property used in a trade or business or for the production of income, see Publication 544, Sales and Other Dispositions of Assets, before completing Schedule D (Form 1040). 2011 ez tax form Useful Items - You may want to see: Publication 537 Installment Sales 544 Sales and Other Dispositions of Assets 550 Investment Income and Expenses Form (and Instructions) 4797 Sales of Business Property 6252 Installment Sale Income 8582 Passive Activity Loss Limitations 8949 Sales and Other Dispositions of Capital Assets Schedule D (Form 1040) Capital Gains and Losses Reporting Capital Gains and Losses Generally, report capital gains and losses on Form 8949. 2011 ez tax form Complete Form 8949 before you complete line 1b, 2, 3, 8b, 9, or 10 of Schedule D (Form 1040). 2011 ez tax form Use Form 8949 to report: The sale or exchange of a capital asset not reported on another form or schedule; Gains from involuntary conversions (other than from casualty or theft) of capital assets not held for business or profit; and Nonbusiness bad debts. 2011 ez tax form Use Schedule D (Form 1040): To figure the overall gain or loss from transactions reported on Form 8949; To report a gain from Form 6252 or Part I of Form 4797; To report a gain or loss from Form 4684, 6781, or 8824; To report capital gain distributions not reported directly on Form 1040 or Form 1040A; To report a capital loss carryover from the previous tax year to the current tax year; To report your share of a gain or (loss) from a partnership, S corporation, estate, or trust; To report transactions reported to you on a Form 1099-B (or substitute statement) showing basis was reported to the IRS and to which none of the Form 8949 adjustments or codes apply; and To report undistributed long-term capital gains from Form 2439. 2011 ez tax form On Form 8949, enter all sales and exchanges of capital assets, including stocks, bonds, etc. 2011 ez tax form , and real estate (if not reported on Form 4684, 4797, 6252, 6781, 8824, or line 1a or 8a of Schedule D). 2011 ez tax form Include these transactions even if you did not receive a Form 1099-B or 1099-S (or substitute statement) for the transaction. 2011 ez tax form Report short-term gains or losses in Part I. 2011 ez tax form Report long-term gains or losses in Part II. 2011 ez tax form Use as many Forms 8949 as you need. 2011 ez tax form Exceptions to filing Form 8949 and Schedule D (Form 1040). 2011 ez tax form   There are certain situations where you may not have to file Form 8949 and/or Schedule D (Form 1040). 2011 ez tax form Exception 1. 2011 ez tax form   You do not have to file Form 8949 or Schedule D (Form 1040) if you have no capital losses and your only capital gains are capital gain distributions from Form(s) 1099-DIV, box 2a (or substitute statements). 2011 ez tax form (If any Form(s) 1099-DIV (or substitute statements) you receive have an amount in box 2b (unrecaptured section 1250 gain), box 2c (section 1202 gain), or box 2d (collectibles (28%) gain), you do not qualify for this exception. 2011 ez tax form ) If you qualify for this exception, report your capital gain distributions directly on line 13 of Form 1040 (and check the box on line 13). 2011 ez tax form Also use the Qualified Dividends and Capital Gain Tax Worksheet in the Form 1040 instructions to figure your tax. 2011 ez tax form You can report your capital gain distributions on line 10 of Form 1040A, instead of on Form 1040, if none of the Forms 1099-DIV (or substitute statements) you received have an amount in box 2b, 2c, or 2d, and you do not have to file Form 1040. 2011 ez tax form Exception 2. 2011 ez tax form   You must file Schedule D (Form 1040), but generally do not have to file Form 8949, if Exception 1 does not apply and your only capital gains and losses are: Capital gain distributions; A capital loss carryover; A gain from Form 2439 or 6252 or Part I of Form 4797; A gain or loss from Form 4684, 6781, or 8824; A gain or loss from a partnership, S corporation, estate, or trust; or Gains and losses from transactions for which you received a Form 1099-B (or substitute statement) that shows the basis was reported to the IRS and for which you do not need to make any adjustments in column (g) of Form 8949 or enter any codes in column (f) of Form 8949. 2011 ez tax form Installment sales. 2011 ez tax form   You cannot use the installment method to report a gain from the sale of stock or securities traded on an established securities market. 2011 ez tax form You must report the entire gain in the year of sale (the year in which the trade date occurs). 2011 ez tax form Passive activity gains and losses. 2011 ez tax form    If you have gains or losses from a passive activity, you may also have to report them on Form 8582. 2011 ez tax form In some cases, the loss may be limited under the passive activity rules. 2011 ez tax form Refer to Form 8582 and its instructions for more information about reporting capital gains and losses from a passive activity. 2011 ez tax form Form 1099-B transactions. 2011 ez tax form   If you sold property, such as stocks, bonds, or certain commodities, through a broker, you should receive Form 1099-B or substitute statement from the broker. 2011 ez tax form Use the Form 1099-B or the substitute statement to complete Form 8949. 2011 ez tax form If you sold a covered security in 2013, your broker should send you a Form 1099-B (or substitute statement) that shows your basis. 2011 ez tax form This will help you complete Form 8949. 2011 ez tax form Generally, a covered security is a security you acquired after 2010. 2011 ez tax form   Report the gross proceeds shown in box 2a of Form 1099-B as the sales price in column (d) of either Part I or Part II of Form 8949, whichever applies. 2011 ez tax form However, if the broker advises you, in box 2a of Form 1099-B, that gross proceeds (sales price) less commissions and option premiums were reported to the IRS, enter that net sales price in column (d) of either Part I or Part II of Form 8949, whichever applies. 2011 ez tax form    Include in column (g) any expense of sale, such as broker's fees, commissions, state and local transfer taxes, and option premiums, unless you reported the net sales price in column (d). 2011 ez tax form If you include an expense of sale in column (g), enter “E” in column (f). 2011 ez tax form Form 1099-CAP transactions. 2011 ez tax form   If a corporation in which you own stock has had a change in control or a substantial change in capital structure, you should receive Form 1099-CAP or a substitute statement from the corporation. 2011 ez tax form Use the Form 1099-CAP or substitute statement to fill in Form 8949. 2011 ez tax form If your computations show that you would have a loss because of the change, do not enter any amounts on Form 8949 or Schedule D (Form 1040). 2011 ez tax form You cannot claim a loss on Schedule D (Form 1040) as a result of this transaction. 2011 ez tax form   Report the aggregate amount received shown in box 2 of Form 1099-CAP as the sales price in column (d) of either Part I or Part II of Form 8949, whichever applies. 2011 ez tax form Form 1099-S transactions. 2011 ez tax form   If you sold or traded reportable real estate, you generally should receive from the real estate reporting person a Form 1099-S showing the gross proceeds. 2011 ez tax form    “Reportable real estate” is defined as any present or future ownership interest in any of the following: Improved or unimproved land, including air space; Inherently permanent structures, including any residential, commercial, or industrial building; A condominium unit and its accessory fixtures and common elements, including land; and Stock in a cooperative housing corporation (as defined in section 216 of the Internal Revenue Code). 2011 ez tax form   A “real estate reporting person” could include the buyer's attorney, your attorney, the title or escrow company, a mortgage lender, your broker, the buyer's broker, or the person acquiring the biggest interest in the property. 2011 ez tax form   Your Form 1099-S will show the gross proceeds from the sale or exchange in box 2. 2011 ez tax form See the Instructions for Form 8949 and the Instructions for Schedule D (Form 1040) for how to report these transactions and include them in Part I or Part II of Form 8949 as appropriate. 2011 ez tax form However, report like-kind exchanges on Form 8824 instead. 2011 ez tax form   It is unlawful for any real estate reporting person to separately charge you for complying with the requirement to file Form 1099-S. 2011 ez tax form Nominees. 2011 ez tax form   If you receive gross proceeds as a nominee (that is, the gross proceeds are in your name but actually belong to someone else), see the Instructions for Form 8949 for how to report these amounts on Form 8949. 2011 ez tax form File Form 1099-B or Form 1099-S with the IRS. 2011 ez tax form   If you received gross proceeds as a nominee in 2013, you must file a Form 1099-B or Form 1099-S for those proceeds with the IRS. 2011 ez tax form Send the Form 1099-B or Form 1099-S with a Form 1096, Annual Summary and Transmittal of U. 2011 ez tax form S. 2011 ez tax form Information Returns, to your Internal Revenue Service Center by February 28, 2014 (March 31, 2014, if you file Form 1099-B or Form 1099-S electronically). 2011 ez tax form Give the actual owner of the proceeds Copy B of the Form 1099-B or Form 1099-S by February 18, 2014. 2011 ez tax form On Form 1099-B, you should be listed as the “Payer. 2011 ez tax form ” The other owner should be listed as the “Recipient. 2011 ez tax form ” On Form 1099-S, you should be listed as the “Filer. 2011 ez tax form ” The other owner should be listed as the “Transferor. 2011 ez tax form ” You do not have to file a Form 1099-B or Form 1099-S to show proceeds for your spouse. 2011 ez tax form For more information about the reporting requirements and the penalties for failure to file (or furnish) certain information returns, see the General Instructions for Certain Information Returns. 2011 ez tax form If you are filing electronically see Publication 1220. 2011 ez tax form Sale of property bought at various times. 2011 ez tax form   If you sell a block of stock or other property that you bought at various times, report the short-term gain or loss from the sale on one row in Part I of Form 8949, and the long-term gain or loss on one row in Part II of Form 8949. 2011 ez tax form Write “Various” in column (b) for the “Date acquired. 2011 ez tax form ” Sale expenses. 2011 ez tax form    On Form 8949, include in column (g) any expense of sale, such as broker's fees, commissions, state and local transfer taxes, and option premiums, unless you reported the net sales price in column (d). 2011 ez tax form If you include an expense of sale in column (g), enter “E” in column (f). 2011 ez tax form   For more information about adjustments to basis, see chapter 13. 2011 ez tax form Short-term gains and losses. 2011 ez tax form   Capital gain or loss on the sale or trade of investment property held 1 year or less is a short-term capital gain or loss. 2011 ez tax form You report it in Part I of Form 8949. 2011 ez tax form   You combine your share of short-term capital gain or loss from partnerships, S corporations, estates, and trusts, and any short-term capital loss carryover, with your other short-term capital gains and losses to figure your net short-term capital gain or loss on line 7 of Schedule D (Form 1040). 2011 ez tax form Long-term gains and losses. 2011 ez tax form    A capital gain or loss on the sale or trade of investment property held more than 1 year is a long-term capital gain or loss. 2011 ez tax form You report it in Part II of Form 8949. 2011 ez tax form   You report the following in Part II of Schedule D (Form 1040): Undistributed long-term capital gains from a mutual fund (or other regulated investment company) or real estate investment trust (REIT); Your share of long-term capital gains or losses from partnerships, S corporations, estates, and trusts; All capital gain distributions from mutual funds and REITs not reported directly on line 10 of Form 1040A or line 13 of Form 1040; and Long-term capital loss carryovers. 2011 ez tax form    The result after combining these items with your other long-term capital gains and losses is your net long-term capital gain or loss (Schedule D (Form 1040), line 15). 2011 ez tax form Total net gain or loss. 2011 ez tax form   To figure your total net gain or loss, combine your net short-term capital gain or loss (Schedule D (Form 1040), line 7) with your net long-term capital gain or loss (Schedule D (Form 1040), line 15). 2011 ez tax form Enter the result on Schedule D (Form 1040), Part III, line 16. 2011 ez tax form If your losses are more than your gains, see Capital Losses , next. 2011 ez tax form If both lines 15 and 16 of your Schedule D (Form 1040) are gains and your taxable income on your Form 1040 is more than zero, see Capital Gain Tax Rates , later. 2011 ez tax form Capital Losses If your capital losses are more than your capital gains, you can claim a capital loss deduction. 2011 ez tax form Report the amount of the deduction on line 13 of Form 1040, in parentheses. 2011 ez tax form Limit on deduction. 2011 ez tax form   Your allowable capital loss deduction, figured on Schedule D (Form 1040), is the lesser of: $3,000 ($1,500 if you are married and file a separate return); or Your total net loss as shown on line 16 of Schedule D (Form 1040). 2011 ez tax form   You can use your total net loss to reduce your income dollar for dollar, up to the $3,000 limit. 2011 ez tax form Capital loss carryover. 2011 ez tax form   If you have a total net loss on line 16 of Schedule D (Form 1040) that is more than the yearly limit on capital loss deductions, you can carry over the unused part to the next year and treat it as if you had incurred it in that next year. 2011 ez tax form If part of the loss is still unused, you can carry it over to later years until it is completely used up. 2011 ez tax form   When you figure the amount of any capital loss carryover to the next year, you must take the current year's allowable deduction into account, whether or not you claimed it and whether or not you filed a return for the current year. 2011 ez tax form   When you carry over a loss, it remains long term or short term. 2011 ez tax form A long-term capital loss you carry over to the next tax year will reduce that year's long-term capital gains before it reduces that year's short-term capital gains. 2011 ez tax form Figuring your carryover. 2011 ez tax form   The amount of your capital loss carryover is the amount of your total net loss that is more than the lesser of: Your allowable capital loss deduction for the year; or Your taxable income increased by your allowable capital loss deduction for the year and your deduction for personal exemptions. 2011 ez tax form   If your deductions are more than your gross income for the tax year, use your negative taxable income in computing the amount in item (2). 2011 ez tax form    Complete the Capital Loss Carryover Worksheet in the Instructions for Schedule D or Publication 550 to determine the part of your capital loss that you can carry over. 2011 ez tax form Example. 2011 ez tax form Bob and Gloria sold securities in 2013. 2011 ez tax form The sales resulted in a capital loss of $7,000. 2011 ez tax form They had no other capital transactions. 2011 ez tax form Their taxable income was $26,000. 2011 ez tax form On their joint 2013 return, they can deduct $3,000. 2011 ez tax form The unused part of the loss, $4,000 ($7,000 − $3,000), can be carried over to 2014. 2011 ez tax form If their capital loss had been $2,000, their capital loss deduction would have been $2,000. 2011 ez tax form They would have no carryover. 2011 ez tax form Use short-term losses first. 2011 ez tax form   When you figure your capital loss carryover, use your short-term capital losses first, even if you incurred them after a long-term capital loss. 2011 ez tax form If you have not reached the limit on the capital loss deduction after using the short-term capital losses, use the long-term capital losses until you reach the limit. 2011 ez tax form Decedent's capital loss. 2011 ez tax form    A capital loss sustained by a decedent during his or her last tax year (or carried over to that year from an earlier year) can be deducted only on the final income tax return filed for the decedent. 2011 ez tax form The capital loss limits discussed earlier still apply in this situation. 2011 ez tax form The decedent's estate cannot deduct any of the loss or carry it over to following years. 2011 ez tax form Joint and separate returns. 2011 ez tax form   If you and your spouse once filed separate returns and are now filing a joint return, combine your separate capital loss carryovers. 2011 ez tax form However, if you and your spouse once filed a joint return and are now filing separate returns, any capital loss carryover from the joint return can be deducted only on the return of the spouse who actually had the loss. 2011 ez tax form Capital Gain Tax Rates The tax rates that apply to a net capital gain are generally lower than the tax rates that apply to other income. 2011 ez tax form These lower rates are called the maximum capital gain rates. 2011 ez tax form The term “net capital gain” means the amount by which your net long-term capital gain for the year is more than your net short-term capital loss. 2011 ez tax form For 2013, the maximum capital gain rates are 0%, 15%, 20%, 25%, and 28%. 2011 ez tax form See Table 16-1 for details. 2011 ez tax form If you figure your tax using the maximum capital gain rate and the regular tax computation results in a lower tax, the regular tax computation applies. 2011 ez tax form Example. 2011 ez tax form All of your net capital gain is from selling collectibles, so the capital gain rate would be 28%. 2011 ez tax form If you are otherwise subject to a rate lower than 28%, the 28% rate does not apply. 2011 ez tax form Investment interest deducted. 2011 ez tax form   If you claim a deduction for investment interest, you may have to reduce the amount of your net capital gain that is eligible for the capital gain tax rates. 2011 ez tax form Reduce it by the amount of the net capital gain you choose to include in investment income when figuring the limit on your investment interest deduction. 2011 ez tax form This is done on the Schedule D Tax Worksheet or the Qualified Dividends and Capital Gain Tax Worksheet. 2011 ez tax form For more information about the limit on investment interest, see Interest Expenses in chapter 3 of Publication 550. 2011 ez tax form Table 16-1. 2011 ez tax form What Is Your Maximum Capital Gain Rate? IF your net capital gain is from . 2011 ez tax form . 2011 ez tax form . 2011 ez tax form THEN your  maximum capital gain rate is . 2011 ez tax form . 2011 ez tax form . 2011 ez tax form a collectibles gain 28% an eligible gain on qualified small business stock minus the section 1202 exclusion 28% an unrecaptured section 1250 gain 25% other gain1 and the regular tax rate that would apply is 39. 2011 ez tax form 6% 20% other gain1 and the regular tax rate that would apply is 25%, 28%, 33%, or 35% 15% other gain1 and the regular tax rate that would apply is 10% or 15% 0% 1 Other gain means any gain that is not collectibles gain, gain on qualified small business stock, or unrecaptured section 1250 gain. 2011 ez tax form     Collectibles gain or loss. 2011 ez tax form   This is gain or loss from the sale or trade of a work of art, rug, antique, metal (such as gold, silver, and platinum bullion), gem, stamp, coin, or alcoholic beverage held more than 1 year. 2011 ez tax form   Collectibles gain includes gain from sale of an interest in a partnership, S corporation, or trust due to unrealized appreciation of collectibles. 2011 ez tax form Gain on qualified small business stock. 2011 ez tax form    If you realized a gain from qualified small business stock that you held more than 5 years, you generally can exclude some or all of your gain under section 1202. 2011 ez tax form The eligible gain minus your section 1202 exclusion is a 28% rate gain. 2011 ez tax form See Gains on Qualified Small Business Stock in chapter 4 of Publication 550. 2011 ez tax form Unrecaptured section 1250 gain. 2011 ez tax form    Generally, this is any part of your capital gain from selling section 1250 property (real property) that is due to depreciation (but not more than your net section 1231 gain), reduced by any net loss in the 28% group. 2011 ez tax form Use the Unrecaptured Section 1250 Gain Worksheet in the Schedule D (Form 1040) instructions to figure your unrecaptured section 1250 gain. 2011 ez tax form For more information about section 1250 property and section 1231 gain, see chapter 3 of Publication 544. 2011 ez tax form Tax computation using maximum capital gain rates. 2011 ez tax form   Use the Qualified Dividends and Capital Gain Tax Worksheet or the Schedule D Tax Worksheet (whichever applies) to figure your tax if you have qualified dividends or net capital gain. 2011 ez tax form You have net capital gain if Schedule D (Form 1040), lines 15 and 16, are both gains. 2011 ez tax form Schedule D Tax Worksheet. 2011 ez tax form   Use the Schedule D Tax Worksheet in the Schedule D (Form 1040) instructions to figure your tax if: You have to file Schedule D (Form 1040); and Schedule D (Form 1040), line 18 (28% rate gain) or line 19 (unrecaptured section 1250 gain), is more than zero. 2011 ez tax form Qualified Dividends and Capital Gain Tax Worksheet. 2011 ez tax form   If you do not have to use the Schedule D Tax Worksheet (as explained above) and any of the following apply, use the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Form 1040 or Form 1040A (whichever you file) to figure your tax. 2011 ez tax form You received qualified dividends. 2011 ez tax form (See Qualified Dividends in chapter 8. 2011 ez tax form ) You do not have to file Schedule D (Form 1040) and you received capital gain distributions. 2011 ez tax form (See Exceptions to filing Form 8949 and Schedule D (Form 1040) , earlier. 2011 ez tax form ) Schedule D (Form 1040), lines 15 and 16, are both more than zero. 2011 ez tax form Alternative minimum tax. 2011 ez tax form   These capital gain rates are also used in figuring alternative minimum tax. 2011 ez tax form Prev  Up  Next   Home   More Online Publications