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

Can I Fill 2010 Taxes This Year

Amend 1040xH&r Block At Home 2011 Deluxe Federal State EfileFree 1040ez OnlineTax Forms Online 2012Military Pay TaxesIrs Gov Free FileTax Return Form 1040ezHow Can I File 2012 Taxes OnlineFree State And Federal Tax Filing OnlineAmend 2011 Tax Return Online1040 Es Payment Voucher2013 Income Tax Forms 1040 EzFree State And Federal Tax FilingTurbotax Deluxe Federal E File 2012 For Pc DownloadTaxes 2008Ez Tax ReturnH And R Block Free Efile2012 1040ez FormMyfree Taxes Com1040ez.govWhat Forms Do I Need To File My 2012 TaxesAmmended Tax ReturnH&r Block Military DiscountH&r Block Free Tax ReturnOrder 2012 Tax Forms From IrsIrs Online 1040ezFree State Tax Only E FilingDo I Amend Tax ReturnAmend Taxes For 20101040ez Form Online2010 Amended Tax Return InstructionsHow Can I File My 2007 Taxes For FreeFree Irs Tax FilingTurbotax 1040ezTax SlayerTurbo Tax AmendmentFile Taxes For Free 2012How To Ammend A Tax Return1040ez 2012 FormWhat If I Did Not File 2011 Taxes

Can I Fill 2010 Taxes This Year

Can i fill 2010 taxes this year Publication 907 - Introductory Material Table of Contents Future Developments IntroductionOrdering forms and publications. Can i fill 2010 taxes this year Tax questions. Can i fill 2010 taxes this year Future Developments For the latest information about developments related to Publication 907, such as legislation enacted after this publication was published, go to www. Can i fill 2010 taxes this year IRS. Can i fill 2010 taxes this year gov/pub907. Can i fill 2010 taxes this year    Introduction This publication gives you a brief introduction to certain parts of the tax law of particular interest to people with disabilities and those who care for people with disabilities. Can i fill 2010 taxes this year It includes highlights about: Income, Itemized deductions, Tax credits, Household employers, and Business tax incentives. Can i fill 2010 taxes this year You will find most of the information you need to complete your tax return in your form instruction booklet. Can i fill 2010 taxes this year If you need additional information, you may want to order a free tax publication. Can i fill 2010 taxes this year You may also want to take advantage of the other free tax help services that the IRS provides. Can i fill 2010 taxes this year See How To Get Tax Help , at the end of this publication, for information about getting publications, forms, and free tax services. Can i fill 2010 taxes this year Comments and suggestions. Can i fill 2010 taxes this year   We welcome your comments about this publication and your suggestions for future editions. Can i fill 2010 taxes this year   You can write to us at the following address: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. Can i fill 2010 taxes this year NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. Can i fill 2010 taxes this year Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. Can i fill 2010 taxes this year   You can send your comments from www. Can i fill 2010 taxes this year irs. Can i fill 2010 taxes this year gov/formspubs/. Can i fill 2010 taxes this year Click on “More Information” and then on “Comment on Tax Forms and Publications”. Can i fill 2010 taxes this year   Although we cannot respond individually to each comment received, we do appreciate your feedback and will consider your comments as we revise our tax products. Can i fill 2010 taxes this year Ordering forms and publications. Can i fill 2010 taxes this year   Visit www. Can i fill 2010 taxes this year irs. Can i fill 2010 taxes this year gov/formspubs/ to download forms and publications, call 1-800-TAX-FORM (1-800-829-3676), or write to the address below and receive a response within 10 days after your request is received. Can i fill 2010 taxes this year Internal Revenue Service 1201 N. Can i fill 2010 taxes this year Mitsubishi Motorway Bloomington, IL 61705-6613 Tax questions. Can i fill 2010 taxes this year   If you have a tax question, check the information available on IRS. Can i fill 2010 taxes this year gov or call 1-800-829-1040. Can i fill 2010 taxes this year We cannot answer tax questions sent to either of the above addresses. Can i fill 2010 taxes this year Prev  Up  Next   Home   More Online Publications

The Can I Fill 2010 Taxes This Year

Can i fill 2010 taxes this year 5. Can i fill 2010 taxes this year   Personal Use of Dwelling Unit (Including Vacation Home) Table of Contents Dividing Expenses Dwelling Unit Used as a HomeMain home. Can i fill 2010 taxes this year Shared equity financing agreement. Can i fill 2010 taxes this year Donation of use of the property. Can i fill 2010 taxes this year Examples. Can i fill 2010 taxes this year Days used for repairs and maintenance. Can i fill 2010 taxes this year Days used as a main home before or after renting. Can i fill 2010 taxes this year Reporting Income and DeductionsNot used as a home. Can i fill 2010 taxes this year Used as a home but rented less than 15 days. Can i fill 2010 taxes this year Used as a home and rented 15 days or more. Can i fill 2010 taxes this year If you have any personal use of a dwelling unit (including a vacation home) that you rent, you must divide your expenses between rental use and personal use. Can i fill 2010 taxes this year In general, your rental expenses will be no more than your total expenses multiplied by a fraction; the denominator of which is the total number of days the dwelling unit is used and the numerator of which is the total number of days actually rented at a fair rental price. Can i fill 2010 taxes this year Only your rental expenses may deducted on Schedule E (Form 1040). Can i fill 2010 taxes this year Some of your personal expenses may be deductible if you itemize your deductions on Schedule A (Form 1040). Can i fill 2010 taxes this year You must also determine if the dwelling unit is considered a home. Can i fill 2010 taxes this year The amount of rental expenses that you can deduct may be limited if the dwelling unit is considered a home. Can i fill 2010 taxes this year Whether a dwelling unit is considered a home depends on how many days during the year are considered to be days of personal use. Can i fill 2010 taxes this year There is a special rule if you used the dwelling unit as a home and you rented it for less than 15 days during the year. Can i fill 2010 taxes this year Dwelling unit. Can i fill 2010 taxes this year   A dwelling unit includes a house, apartment, condominium, mobile home, boat, vacation home, or similar property. Can i fill 2010 taxes this year It also includes all structures or other property belonging to the dwelling unit. Can i fill 2010 taxes this year A dwelling unit has basic living accommodations, such as sleeping space, a toilet, and cooking facilities. Can i fill 2010 taxes this year   A dwelling unit does not include property (or part of the property) used solely as a hotel, motel, inn, or similar establishment. Can i fill 2010 taxes this year Property is used solely as a hotel, motel, inn, or similar establishment if it is regularly available for occupancy by paying customers and is not used by an owner as a home during the year. Can i fill 2010 taxes this year Example. Can i fill 2010 taxes this year You rent a room in your home that is always available for short-term occupancy by paying customers. Can i fill 2010 taxes this year You do not use the room yourself and you allow only paying customers to use the room. Can i fill 2010 taxes this year This room is used solely as a hotel, motel, inn, or similar establishment and is not a dwelling unit. Can i fill 2010 taxes this year Dividing Expenses If you use a dwelling unit for both rental and personal purposes, divide your expenses between the rental use and the personal use based on the number of days used for each purpose. Can i fill 2010 taxes this year When dividing your expenses, follow these rules. Can i fill 2010 taxes this year Any day that the unit is rented at a fair rental price is a day of rental use even if you used the unit for personal purposes that day. Can i fill 2010 taxes this year (This rule does not apply when determining whether you used the unit as a home. Can i fill 2010 taxes this year ) Any day that the unit is available for rent but not actually rented is not a day of rental use. Can i fill 2010 taxes this year Fair rental price. Can i fill 2010 taxes this year   A fair rental price for your property generally is the amount of rent that a person who is not related to you would be willing to pay. Can i fill 2010 taxes this year The rent you charge is not a fair rental price if it is substantially less than the rents charged for other properties that are similar to your property in your area. Can i fill 2010 taxes this year   Ask yourself the following questions when comparing another property with yours. Can i fill 2010 taxes this year Is it used for the same purpose? Is it approximately the same size? Is it in approximately the same condition? Does it have similar furnishings? Is it in a similar location? If any of the answers are no, the properties probably are not similar. Can i fill 2010 taxes this year Example. Can i fill 2010 taxes this year Your beach cottage was available for rent from June 1 through August 31 (92 days). Can i fill 2010 taxes this year Except for the first week in August (7 days), when you were unable to find a renter, you rented the cottage at a fair rental price during that time. Can i fill 2010 taxes this year The person who rented the cottage for July allowed you to use it over the weekend (2 days) without any reduction in or refund of rent. Can i fill 2010 taxes this year Your family also used the cottage during the last 2 weeks of May (14 days). Can i fill 2010 taxes this year The cottage was not used at all before May 17 or after August 31. Can i fill 2010 taxes this year You figure the part of the cottage expenses to treat as rental expenses as follows. Can i fill 2010 taxes this year The cottage was used for rental a total of 85 days (92 − 7). Can i fill 2010 taxes this year The days it was available for rent but not rented (7 days) are not days of rental use. Can i fill 2010 taxes this year The July weekend (2 days) you used it is rental use because you received a fair rental price for the weekend. Can i fill 2010 taxes this year You used the cottage for personal purposes for 14 days (the last 2 weeks in May). Can i fill 2010 taxes this year The total use of the cottage was 99 days (14 days personal use + 85 days rental use). Can i fill 2010 taxes this year Your rental expenses are 85/99 (86%) of the cottage expenses. Can i fill 2010 taxes this year Note. Can i fill 2010 taxes this year When determining whether you used the cottage as a home, the July weekend (2 days) you used it is considered personal use even though you received a fair rental price for the weekend. Can i fill 2010 taxes this year Therefore, you had 16 days of personal use and 83 days of rental use for this purpose. Can i fill 2010 taxes this year Because you used the cottage for personal purposes more than 14 days and more than 10% of the days of rental use (8 days), you used it as a home. Can i fill 2010 taxes this year If you have a net loss, you may not be able to deduct all of the rental expenses. Can i fill 2010 taxes this year See Dwelling Unit Used as a Home, next. Can i fill 2010 taxes this year Dwelling Unit Used as a Home If you use a dwelling unit for both rental and personal purposes, the tax treatment of the rental expenses you figured earlier under Dividing Expenses and rental income depends on whether you are considered to be using the dwelling unit as a home. Can i fill 2010 taxes this year You use a dwelling unit as a home during the tax year if you use it for personal purposes more than the greater of: 14 days, or 10% of the total days it is rented to others at a fair rental price. Can i fill 2010 taxes this year See What is a day of personal use , later. Can i fill 2010 taxes this year If a dwelling unit is used for personal purposes on a day it is rented at a fair rental price (discussed earlier), do not count that day as a day of rental use in applying (2) above. Can i fill 2010 taxes this year Instead, count it as a day of personal use in applying both (1) and (2) above. Can i fill 2010 taxes this year What is a day of personal use?   A day of personal use of a dwelling unit is any day that the unit is used by any of the following persons. Can i fill 2010 taxes this year You or any other person who owns an interest in it, unless you rent it to another owner as his or her main home under a shared equity financing agreement (defined later). Can i fill 2010 taxes this year However, see Days used as a main home before or after renting , later. Can i fill 2010 taxes this year A member of your family or a member of the family of any other person who owns an interest in it, unless the family member uses the dwelling unit as his or her main home and pays a fair rental price. Can i fill 2010 taxes this year Family includes only your spouse, brothers and sisters, half-brothers and half-sisters, ancestors (parents, grandparents, etc. Can i fill 2010 taxes this year ), and lineal descendants (children, grandchildren, etc. Can i fill 2010 taxes this year ). Can i fill 2010 taxes this year Anyone under an arrangement that lets you use some other dwelling unit. Can i fill 2010 taxes this year Anyone at less than a fair rental price. Can i fill 2010 taxes this year Main home. Can i fill 2010 taxes this year   If the other person or member of the family in (1) or (2) above has more than one home, his or her main home is ordinarily the one he or she lived in most of the time. Can i fill 2010 taxes this year Shared equity financing agreement. Can i fill 2010 taxes this year   This is an agreement under which two or more persons acquire undivided interests for more than 50 years in an entire dwelling unit, including the land, and one or more of the co-owners is entitled to occupy the unit as his or her main home upon payment of rent to the other co-owner or owners. Can i fill 2010 taxes this year Donation of use of the property. Can i fill 2010 taxes this year   You use a dwelling unit for personal purposes if: You donate the use of the unit to a charitable organization, The organization sells the use of the unit at a fund-raising event, and The “purchaser” uses the unit. Can i fill 2010 taxes this year Examples. Can i fill 2010 taxes this year   The following examples show how to determine if you have days of personal use. Can i fill 2010 taxes this year Example 1. Can i fill 2010 taxes this year You and your neighbor are co-owners of a condominium at the beach. Can i fill 2010 taxes this year Last year, you rented the unit to vacationers whenever possible. Can i fill 2010 taxes this year The unit was not used as a main home by anyone. Can i fill 2010 taxes this year Your neighbor used the unit for 2 weeks last year; you did not use it at all. Can i fill 2010 taxes this year Because your neighbor has an interest in the unit, both of you are considered to have used the unit for personal purposes during those 2 weeks. Can i fill 2010 taxes this year Example 2. Can i fill 2010 taxes this year You and your neighbors are co-owners of a house under a shared equity financing agreement. Can i fill 2010 taxes this year Your neighbors live in the house and pay you a fair rental price. Can i fill 2010 taxes this year Even though your neighbors have an interest in the house, the days your neighbors live there are not counted as days of personal use by you. Can i fill 2010 taxes this year This is because your neighbors rent the house as their main home under a shared equity financing agreement. Can i fill 2010 taxes this year Example 3. Can i fill 2010 taxes this year You own a rental property that you rent to your son. Can i fill 2010 taxes this year Your son does not own any interest in this property. Can i fill 2010 taxes this year He uses it as his main home and pays you a fair rental price. Can i fill 2010 taxes this year Your son's use of the property is not personal use by you because your son is using it as his main home, he owns no interest in the property, and he is paying you a fair rental price. Can i fill 2010 taxes this year Example 4. Can i fill 2010 taxes this year You rent your beach house to Rosa. Can i fill 2010 taxes this year Rosa rents her cabin in the mountains to you. Can i fill 2010 taxes this year You each pay a fair rental price. Can i fill 2010 taxes this year You are using your beach house for personal purposes on the days that Rosa uses it because your house is used by Rosa under an arrangement that allows you to use her cabin. Can i fill 2010 taxes this year Example 5. Can i fill 2010 taxes this year You rent an apartment to your mother at less than a fair rental price. Can i fill 2010 taxes this year You are using the apartment for personal purposes on the days that your mother rents it because you rent it for less than a fair rental price. Can i fill 2010 taxes this year Days used for repairs and maintenance. Can i fill 2010 taxes this year   Any day that you spend working substantially full time repairing and maintaining (not improving) your property is not counted as a day of personal use. Can i fill 2010 taxes this year Do not count such a day as a day of personal use even if family members use the property for recreational purposes on the same day. Can i fill 2010 taxes this year Example. Can i fill 2010 taxes this year Corey owns a cabin in the mountains that he rents for most of the year. Can i fill 2010 taxes this year He spends a week at the cabin with family members. Can i fill 2010 taxes this year Corey works on maintenance of the cabin 3 or 4 hours each day during the week and spends the rest of the time fishing, hiking, and relaxing. Can i fill 2010 taxes this year Corey's family members, however, work substantially full time on the cabin each day during the week. Can i fill 2010 taxes this year The main purpose of being at the cabin that week is to do maintenance work. Can i fill 2010 taxes this year Therefore, the use of the cabin during the week by Corey and his family will not be considered personal use by Corey. Can i fill 2010 taxes this year Days used as a main home before or after renting. Can i fill 2010 taxes this year   For purposes of determining whether a dwelling unit was used as a home, you may not have to count days you used the property as your main home before or after renting it or offering it for rent as days of personal use. Can i fill 2010 taxes this year Do not count them as days of personal use if: You rented or tried to rent the property for 12 or more consecutive months. Can i fill 2010 taxes this year You rented or tried to rent the property for a period of less than 12 consecutive months and the period ended because you sold or exchanged the property. Can i fill 2010 taxes this year However, this special rule does not apply when dividing expenses between rental and personal use. Can i fill 2010 taxes this year See Property Changed to Rental Use in chapter 4. Can i fill 2010 taxes this year Example 1. Can i fill 2010 taxes this year On February 29, 2012, you moved out of the house you had lived in for 6 years because you accepted a job in another town. Can i fill 2010 taxes this year You rented your house at a fair rental price from March 15, 2012, to May 14, 2013 (14 months). Can i fill 2010 taxes this year On June 1, 2013, you moved back into your old house. Can i fill 2010 taxes this year The days you used the house as your main home from January 1 to February 29, 2012, and from June 1 to December 31, 2013, are not counted as days of personal use. Can i fill 2010 taxes this year Therefore, you would use the rules in chapter 1 when figuring your rental income and expenses. Can i fill 2010 taxes this year Example 2. Can i fill 2010 taxes this year On January 31, you moved out of the condominium where you had lived for 3 years. Can i fill 2010 taxes this year You offered it for rent at a fair rental price beginning on February 1. Can i fill 2010 taxes this year You were unable to rent it until April. Can i fill 2010 taxes this year On September 15, you sold the condominium. Can i fill 2010 taxes this year The days you used the condominium as your main home from January 1 to January 31 are not counted as days of personal use when determining whether you used it as a home. Can i fill 2010 taxes this year Examples. Can i fill 2010 taxes this year   The following examples show how to determine whether you used your rental property as a home. Can i fill 2010 taxes this year Example 1. Can i fill 2010 taxes this year You converted the basement of your home into an apartment with a bedroom, a bathroom, and a small kitchen. Can i fill 2010 taxes this year You rented the basement apartment at a fair rental price to college students during the regular school year. Can i fill 2010 taxes this year You rented to them on a 9-month lease (273 days). Can i fill 2010 taxes this year You figured 10% of the total days rented to others at a fair rental price is 27 days. Can i fill 2010 taxes this year During June (30 days), your brothers stayed with you and lived in the basement apartment rent free. Can i fill 2010 taxes this year Your basement apartment was used as a home because you used it for personal purposes for 30 days. Can i fill 2010 taxes this year Rent-free use by your brothers is considered personal use. Can i fill 2010 taxes this year Your personal use (30 days) is more than the greater of 14 days or 10% of the total days it was rented (27 days). Can i fill 2010 taxes this year Example 2. Can i fill 2010 taxes this year You rented the guest bedroom in your home at a fair rental price during the local college's homecoming, commencement, and football weekends (a total of 27 days). Can i fill 2010 taxes this year Your sister-in-law stayed in the room, rent free, for the last 3 weeks (21 days) in July. Can i fill 2010 taxes this year You figured 10% of the total days rented to others at a fair rental price is 3 days. Can i fill 2010 taxes this year The room was used as a home because you used it for personal purposes for 21 days. Can i fill 2010 taxes this year That is more than the greater of 14 days or 10% of the 27 days it was rented (3 days). Can i fill 2010 taxes this year Example 3. Can i fill 2010 taxes this year You own a condominium apartment in a resort area. Can i fill 2010 taxes this year You rented it at a fair rental price for a total of 170 days during the year. Can i fill 2010 taxes this year For 12 of these days, the tenant was not able to use the apartment and allowed you to use it even though you did not refund any of the rent. Can i fill 2010 taxes this year Your family actually used the apartment for 10 of those days. Can i fill 2010 taxes this year Therefore, the apartment is treated as having been rented for 160 (170 – 10) days. Can i fill 2010 taxes this year You figured 10% of the total days rented to others at a fair rental price is 16 days. Can i fill 2010 taxes this year Your family also used the apartment for 7 other days during the year. Can i fill 2010 taxes this year You used the apartment as a home because you used it for personal purposes for 17 days. Can i fill 2010 taxes this year That is more than the greater of 14 days or 10% of the 160 days it was rented (16 days). Can i fill 2010 taxes this year Minimal rental use. Can i fill 2010 taxes this year   If you use the dwelling unit as a home and you rent it less than 15 days during the year, that period is not treated as rental activity. Can i fill 2010 taxes this year See Used as a home but rented less than 15 days, later, for more information. Can i fill 2010 taxes this year Limit on deductions. Can i fill 2010 taxes this year   Renting a dwelling unit that is considered a home is not a passive activity. Can i fill 2010 taxes this year Instead, if your rental expenses are more than your rental income, some or all of the excess expenses cannot be used to offset income from other sources. Can i fill 2010 taxes this year The excess expenses that cannot be used to offset income from other sources are carried forward to the next year and treated as rental expenses for the same property. Can i fill 2010 taxes this year Any expenses carried forward to the next year will be subject to any limits that apply for that year. Can i fill 2010 taxes this year This limitation will apply to expenses carried forward to another year even if you do not use the property as your home for that subsequent year. Can i fill 2010 taxes this year   To figure your deductible rental expenses for this year and any carryover to next year, use Worksheet 5–1. Can i fill 2010 taxes this year Reporting Income and Deductions Property not used for personal purposes. Can i fill 2010 taxes this year   If you do not use a dwelling unit for personal purposes, see chapter 3 for how to report your rental income and expenses. Can i fill 2010 taxes this year Property used for personal purposes. Can i fill 2010 taxes this year   If you do use a dwelling unit for personal purposes, then how you report your rental income and expenses depends on whether you used the dwelling unit as a home. Can i fill 2010 taxes this year Not used as a home. Can i fill 2010 taxes this year   If you use a dwelling unit for personal purposes, but not as a home, report all the rental income in your income. Can i fill 2010 taxes this year Since you used the dwelling unit for personal purposes, you must divide your expenses between the rental use and the personal use as described earlier in this chapter under Dividing Expenses . Can i fill 2010 taxes this year The expenses for personal use are not deductible as rental expenses. Can i fill 2010 taxes this year   Your deductible rental expenses can be more than your gross rental income; however, see Limits on Rental Losses in chapter 3. Can i fill 2010 taxes this year Used as a home but rented less than 15 days. Can i fill 2010 taxes this year   If you use a dwelling unit as a home and you rent it less than 15 days during the year, its primary function is not considered to be rental and it should not be reported on Schedule E (Form 1040). Can i fill 2010 taxes this year You are not required to report the rental income and rental expenses from this activity. Can i fill 2010 taxes this year The expenses, including qualified mortgage interest, property taxes, and any qualified casualty loss will be reported as normally allowed on Schedule A (Form 1040). Can i fill 2010 taxes this year See the Instructions for Schedule A (Form 1040) for more information on deducting these expenses. Can i fill 2010 taxes this year Used as a home and rented 15 days or more. Can i fill 2010 taxes this year   If you use a dwelling unit as a home and rent it 15 days or more during the year, include all your rental income in your income. Can i fill 2010 taxes this year Since you used the dwelling unit for personal purposes, you must divide your expenses between the rental use and the personal use as described earlier in this chapter under Dividing Expenses . Can i fill 2010 taxes this year The expenses for personal use are not deductible as rental expenses. Can i fill 2010 taxes this year   If you had a net profit from renting the dwelling unit for the year (that is, if your rental income is more than the total of your rental expenses, including depreciation), deduct all of your rental expenses. Can i fill 2010 taxes this year You do not need to use Worksheet 5-1. Can i fill 2010 taxes this year   However, if you had a net loss from renting the dwelling unit for the year, your deduction for certain rental expenses is limited. Can i fill 2010 taxes this year To figure your deductible rental expenses and any carryover to next year, use Worksheet 5–1. Can i fill 2010 taxes this year Worksheet 5-1. Can i fill 2010 taxes this year Worksheet for Figuring Rental Deductions for a Dwelling Unit Used as a Home Use this worksheet only if you answer “yes” to all of the following questions. Can i fill 2010 taxes this year Did you use the dwelling unit as a home this year? (See Dwelling Unit Used as a Home . Can i fill 2010 taxes this year ) Did you rent the dwelling unit at a fair rental price 15 days or more this year? Is the total of your rental expenses and depreciation more than your rental income? PART I. Can i fill 2010 taxes this year Rental Use Percentage A. Can i fill 2010 taxes this year Total days available for rent at fair rental price A. Can i fill 2010 taxes this year       B. Can i fill 2010 taxes this year Total days available for rent (line A) but not rented B. Can i fill 2010 taxes this year       C. Can i fill 2010 taxes this year Total days of rental use. Can i fill 2010 taxes this year Subtract line B from line A C. Can i fill 2010 taxes this year       D. Can i fill 2010 taxes this year Total days of personal use (including days rented at less than fair rental price) D. Can i fill 2010 taxes this year       E. Can i fill 2010 taxes this year Total days of rental and personal use. Can i fill 2010 taxes this year Add lines C and D E. Can i fill 2010 taxes this year       F. Can i fill 2010 taxes this year Percentage of expenses allowed for rental. Can i fill 2010 taxes this year Divide line C by line E     F. Can i fill 2010 taxes this year . Can i fill 2010 taxes this year PART II. Can i fill 2010 taxes this year Allowable Rental Expenses 1. Can i fill 2010 taxes this year Enter rents received 1. Can i fill 2010 taxes this year   2a. Can i fill 2010 taxes this year Enter the rental portion of deductible home mortgage interest and qualified mortgage insurance premiums (see instructions) 2a. Can i fill 2010 taxes this year       b. Can i fill 2010 taxes this year Enter the rental portion of real estate taxes b. Can i fill 2010 taxes this year       c. Can i fill 2010 taxes this year Enter the rental portion of deductible casualty and theft losses (see instructions) c. Can i fill 2010 taxes this year       d. Can i fill 2010 taxes this year Enter direct rental expenses (see instructions) d. Can i fill 2010 taxes this year       e. Can i fill 2010 taxes this year Fully deductible rental expenses. Can i fill 2010 taxes this year Add lines 2a–2d. Can i fill 2010 taxes this year Enter here and  on the appropriate lines on Schedule E (see instructions) 2e. Can i fill 2010 taxes this year   3. Can i fill 2010 taxes this year Subtract line 2e from line 1. Can i fill 2010 taxes this year If zero or less, enter -0- 3. Can i fill 2010 taxes this year   4a. Can i fill 2010 taxes this year Enter the rental portion of expenses directly related to operating or maintaining  the dwelling unit (such as repairs, insurance, and utilities) 4a. Can i fill 2010 taxes this year       b. Can i fill 2010 taxes this year Enter the rental portion of excess mortgage interest and qualified mortgage insurance premiums (see instructions) b. Can i fill 2010 taxes this year       c. Can i fill 2010 taxes this year Carryover of operating expenses from 2012 worksheet c. Can i fill 2010 taxes this year       d. Can i fill 2010 taxes this year Add lines 4a–4c d. Can i fill 2010 taxes this year       e. Can i fill 2010 taxes this year Allowable expenses. Can i fill 2010 taxes this year Enter the smaller of line 3 or line 4d (see instructions) 4e. Can i fill 2010 taxes this year   5. Can i fill 2010 taxes this year Subtract line 4e from line 3. Can i fill 2010 taxes this year If zero or less, enter -0- 5. Can i fill 2010 taxes this year   6a. Can i fill 2010 taxes this year Enter the rental portion of excess casualty and theft losses (see instructions) 6a. Can i fill 2010 taxes this year       b. Can i fill 2010 taxes this year Enter the rental portion of depreciation of the dwelling unit b. Can i fill 2010 taxes this year       c. Can i fill 2010 taxes this year Carryover of excess casualty losses and depreciation from 2012 worksheet c. Can i fill 2010 taxes this year       d. Can i fill 2010 taxes this year Add lines 6a–6c d. Can i fill 2010 taxes this year       e. Can i fill 2010 taxes this year Allowable excess casualty and theft losses and depreciation. Can i fill 2010 taxes this year Enter the smaller of  line 5 or line 6d (see instructions) 6e. Can i fill 2010 taxes this year   PART III. Can i fill 2010 taxes this year Carryover of Unallowed Expenses to Next Year 7a. Can i fill 2010 taxes this year Operating expenses to be carried over to next year. Can i fill 2010 taxes this year Subtract line 4e from line 4d 7a. Can i fill 2010 taxes this year   b. Can i fill 2010 taxes this year Excess casualty and theft losses and depreciation to be carried over to next year. Can i fill 2010 taxes this year  Subtract line 6e from line 6d b. Can i fill 2010 taxes this year   Worksheet 5-1 Instructions. Can i fill 2010 taxes this year Worksheet for Figuring Rental Deductions for a Dwelling Unit Used as a Home Caution. Can i fill 2010 taxes this year Use the percentage determined in Part I, line F, to figure the rental portions to enter on lines 2a–2c, 4a–4b, and 6a–6b of  Part II. Can i fill 2010 taxes this year Line 2a. Can i fill 2010 taxes this year Figure the mortgage interest on the dwelling unit that you could deduct on Schedule A as if you had not rented the unit. Can i fill 2010 taxes this year Do not include interest on a loan that did not benefit the dwelling unit. Can i fill 2010 taxes this year For example, do not include interest on a home equity loan used to pay off credit cards or other personal loans, buy a car, or pay college tuition. Can i fill 2010 taxes this year Include interest on a loan used to buy, build, or improve the dwelling unit, or to refinance such a loan. Can i fill 2010 taxes this year Include the rental portion of this interest in the total you enter on line 2a of the worksheet. Can i fill 2010 taxes this year   Figure the qualified mortgage insurance premiums on the dwelling unit that you could deduct on line 13 of Schedule A as if you had not rented the unit. Can i fill 2010 taxes this year See the Schedule A instructions. Can i fill 2010 taxes this year However, figure your adjusted gross income (Form 1040, line 38) without your rental income and expenses from the dwelling unit. Can i fill 2010 taxes this year See Line 4b to deduct the part of the qualified mortgage insurance premiums not allowed because of the adjusted gross income limit. Can i fill 2010 taxes this year Include the rental portion of the amount from Schedule A, line 13, in the total you enter on line 2a of the worksheet. Can i fill 2010 taxes this year   Note. Can i fill 2010 taxes this year Do not file this Schedule A or use it to figure the amount to deduct on line 13 of that schedule. Can i fill 2010 taxes this year Instead, figure the personal portion on a separate Schedule A. Can i fill 2010 taxes this year If you have deducted mortgage interest or qualified mortgage insurance premiums on the dwelling unit on other forms, such as Schedule C or F, remember to reduce your Schedule A deduction by that amount. Can i fill 2010 taxes this year           Line 2c. Can i fill 2010 taxes this year Figure the casualty and theft losses related to the dwelling unit that you could deduct on Schedule A as if you had not rented the dwelling unit. Can i fill 2010 taxes this year To do this, complete Section A of Form 4684, Casualties and Thefts, treating the losses as personal losses. Can i fill 2010 taxes this year If any of the loss is due to a federally declared disaster, see the Instructions for Form 4684. Can i fill 2010 taxes this year On Form 4684, line 17, enter 10% of your adjusted gross income figured without your rental income and expenses from the dwelling unit. Can i fill 2010 taxes this year Enter the rental portion of the result from Form 4684, line 18, on line 2c of this worksheet. Can i fill 2010 taxes this year   Note. Can i fill 2010 taxes this year Do not file this Form 4684 or use it to figure your personal losses on Schedule A. Can i fill 2010 taxes this year Instead, figure the personal portion on a separate Form 4684. Can i fill 2010 taxes this year           Line 2d. Can i fill 2010 taxes this year Enter the total of your rental expenses that are directly related only to the rental activity. Can i fill 2010 taxes this year These include interest on loans used for rental activities other than to buy, build, or improve the dwelling unit. Can i fill 2010 taxes this year Also include rental agency fees, advertising, office supplies, and depreciation on office equipment used in your rental activity. Can i fill 2010 taxes this year           Line 2e. Can i fill 2010 taxes this year You can deduct the amounts on lines 2a, 2b, 2c, and 2d as rental expenses on Schedule E even if your rental expenses are more than your rental income. Can i fill 2010 taxes this year Enter the amounts on lines 2a, 2b, 2c, and 2d on the appropriate lines of Schedule E. Can i fill 2010 taxes this year           Line 4b. Can i fill 2010 taxes this year On line 2a, you entered the rental portion of the mortgage interest or qualified mortgage insurance premiums you could deduct on Schedule A if you had not rented the dwelling unit. Can i fill 2010 taxes this year If you had additional mortgage interest and qualified mortgage insurance premiums that would not be deductible on Schedule A because of limits imposed on them, enter on line 4b of this worksheet the rental portion of those excess amounts. Can i fill 2010 taxes this year Do not include interest on a loan that did not benefit the dwelling unit  (as explained in the line 2a instructions). Can i fill 2010 taxes this year           Line 4e. Can i fill 2010 taxes this year You can deduct the amounts on lines 4a, 4b, and 4c as rental expenses on Schedule E only to the extent they are not more than the amount on line 4e. Can i fill 2010 taxes this year *           Line 6a. Can i fill 2010 taxes this year To find the rental portion of excess casualty and theft losses, use the Form 4684 you prepared for line 2c of this worksheet. Can i fill 2010 taxes this year   A. Can i fill 2010 taxes this year Enter the amount from Form 4684, line 10       B. Can i fill 2010 taxes this year Enter the rental portion of line A       C. Can i fill 2010 taxes this year Enter the amount from line 2c of this worksheet       D. Can i fill 2010 taxes this year Subtract line C from line B. Can i fill 2010 taxes this year Enter the result here and on line 6a of this worksheet               Line 6e. Can i fill 2010 taxes this year You can deduct the amounts on lines 6a, 6b, and 6c as rental expenses on Schedule E only to the extent they are not more than the amount on line 6e. Can i fill 2010 taxes this year * *Allocating the limited deduction. Can i fill 2010 taxes this year If you cannot deduct all of the amount on line 4d or 6d this year, you can allocate the allowable deduction in any way you wish among the expenses included on line 4d or 6d. Can i fill 2010 taxes this year Enter the amount you allocate to each expense on the appropriate line of Schedule E, Part I. Can i fill 2010 taxes this year Prev  Up  Next   Home   More Online Publications