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 You E File An Amended 1040x

Turbotax 1040xRi 1040nrFederal Income Tax Forms 2012Irs 2011 Taxes OnlineIrs 1040ez 20122009 Tax SoftwareHow Many Years Can You File Back TaxesIrs Forms 1040ez2010 Tax Forms 1040 Ez1040 EasyIrs Tax Form 1040ezDo My 2007 Taxes OnlineFile 2009 Taxes Online For FreeFile State Tax ReturnsFile A 1040x Online For FreeFree Federal TaxesDoes A Full Time Student Have To File TaxesIrs Gov ComTaxact 2012 Login1040 ComFiling Amended ReturnHow To Amend Last Year's Tax Return1040ez Tax Forms To PrintMilitary Tax CreditsFree H&r BlockH And R Block Free File OnlineHow Do You Ammend A Tax Return2011 Form 1040File 2011 Taxes FreeTaxaide2012 Ez Tax FormTax Filing TipsCan I File My State Taxes Online For Free2011 Tax FormsFile My State Taxes Free140xCheap State Taxes Online1040a 2012 Tax ReturnFiling Taxes For 2012State Tax E File

Can You E File An Amended 1040x

Can you e file an amended 1040x 7. Can you e file an amended 1040x   Depreciation, Depletion, and Amortization Table of Contents What's New for 2013 Introduction Topics - This chapter discusses: Useful Items - You may want to see: Overview of DepreciationWhat Property Can Be Depreciated? What Property Cannot Be Depreciated? When Does Depreciation Begin and End? Can You Use MACRS To Depreciate Your Property? What Is the Basis of Your Depreciable Property? How Do You Treat Repairs and Improvements? Do You Have To File Form 4562? How Do You Correct Depreciation Deductions? Section 179 Expense DeductionWhat Property Qualifies? What Property Does Not Qualify? How Much Can You Deduct? How Do You Elect the Deduction? When Must You Recapture the Deduction? Claiming the Special Depreciation AllowanceWhat is Qualified Property? How Can You Elect Not To Claim the Allowance? When Must You Recapture an Allowance Figuring Depreciation Under MACRSWhich Depreciation System (GDS or ADS) Applies? Which Property Class Applies Under GDS? What Is the Placed-in-Service Date? What Is the Basis for Depreciation? Which Recovery Period Applies? Which Convention Applies? Which Depreciation Method Applies? How Is the Depreciation Deduction Figured? How Do You Use General Asset Accounts? When Do You Recapture MACRS Depreciation? Additional Rules for Listed PropertyWhat Is Listed Property? What Is the Business-Use Requirement? Do the Passenger Automobile Limits Apply? Depletion Who Can Claim Depletion? Figuring Depletion AmortizationBusiness Start-Up Costs Reforestation Costs Section 197 Intangibles What's New for 2013 Increased section 179 expense deduction dollar limits. Can you e file an amended 1040x  The maximum amount you can elect to deduct for most section 179 property you placed in service in 2013 is $500,000. Can you e file an amended 1040x This limit is reduced by the amount by which the cost of the property placed in service during the tax year exceeds $2 million. Can you e file an amended 1040x See Dollar Limits under Section 179 Expense Deduction , later. Can you e file an amended 1040x Extension of special depreciation allowance for certain qualified property acquired after December 31, 2007. Can you e file an amended 1040x . Can you e file an amended 1040x  You may be able to take a 50% special depreciation allowance for certain qualified property acquired after December 31, 2007, and placed in service before January 1, 2014. Can you e file an amended 1040x See Claiming the Special Depreciation Allowance , later. Can you e file an amended 1040x Expiration of the 3- year recovery period for certain race horses. Can you e file an amended 1040x  The 3-year recovery period for race horses two years old or younger will expire for such horses placed in service after December 31, 2013. Can you e file an amended 1040x Introduction If you buy or make improvements to farm property such as machinery, equipment, livestock, or a structure with a useful life of more than a year, you generally cannot deduct its entire cost in one year. Can you e file an amended 1040x Instead, you must spread the cost over the time you use the property and deduct part of it each year. Can you e file an amended 1040x For most types of property, this is called depreciation. Can you e file an amended 1040x This chapter gives information on depreciation methods that generally apply to property placed in service after 1986. Can you e file an amended 1040x For information on depreciating pre-1987 property, see Publication 534, Depreciating Property Placed in Service Before 1987. Can you e file an amended 1040x Topics - This chapter discusses: Overview of depreciation Section 179 expense deduction Special depreciation allowance Modified Accelerated Cost Recovery System (MACRS) Listed property Basic information on cost depletion (including timber depletion) and percentage depletion Amortization of the costs of going into business, reforestation costs, the costs of pollution control facilities, and the costs of section 197 intangibles Useful Items - You may want to see: Publication 463 Travel, Entertainment, Gift, and Car Expenses 534 Depreciating Property Placed in Service Before 1987 535 Business Expenses 544 Sales and Other Dispositions of Assets 551 Basis of Assets 946 How To Depreciate Property Form (and Instructions) T (Timber), Forest Activities Schedule 3115 Application for Change in Accounting Method 4562 Depreciation and Amortization 4797 Sales of Business Property See chapter 16 for information about getting publications and forms. Can you e file an amended 1040x It is important to keep good records for property you depreciate. Can you e file an amended 1040x Do not file these records with your return. Can you e file an amended 1040x Instead, you should keep them as part of the permanent records of the depreciated property. Can you e file an amended 1040x They will help you verify the accuracy of the depreciation of assets placed in service in the current and previous tax years. Can you e file an amended 1040x For general information on recordkeeping, see Publication 583, Starting a Business and Keeping Records. Can you e file an amended 1040x For specific information on keeping records for section 179 property and listed property, see Publication 946, How To Depreciate Property. Can you e file an amended 1040x Overview of Depreciation This overview discusses basic information on the following. Can you e file an amended 1040x What property can be depreciated. Can you e file an amended 1040x What property cannot be depreciated. Can you e file an amended 1040x When depreciation begins and ends. Can you e file an amended 1040x Whether MACRS can be used to figure depreciation. Can you e file an amended 1040x What is the basis of your depreciable property. Can you e file an amended 1040x How to treat repairs and improvements. Can you e file an amended 1040x When you must file Form 4562. Can you e file an amended 1040x How you can correct depreciation claimed incorrectly. Can you e file an amended 1040x What Property Can Be Depreciated? You can depreciate most types of tangible property (except land), such as buildings, machinery, equipment, vehicles, certain livestock, and furniture. Can you e file an amended 1040x You can also depreciate certain intangible property, such as copyrights, patents, and computer software. Can you e file an amended 1040x To be depreciable, the property must meet all the following requirements. Can you e file an amended 1040x It must be property you own. Can you e file an amended 1040x It must be used in your business or income-producing activity. Can you e file an amended 1040x It must have a determinable useful life. Can you e file an amended 1040x It must have a useful life that extends substantially beyond the year you place it in service. Can you e file an amended 1040x Property You Own To claim depreciation, you usually must be the owner of the property. Can you e file an amended 1040x You are considered as owning property even if it is subject to a debt. Can you e file an amended 1040x Leased property. Can you e file an amended 1040x   You can depreciate leased property only if you retain the incidents of ownership in the property. Can you e file an amended 1040x This means you bear the burden of exhaustion of the capital investment in the property. Can you e file an amended 1040x Therefore, if you lease property from someone to use in your trade or business or for the production of income, you generally cannot depreciate its cost because you do not retain the incidents of ownership. Can you e file an amended 1040x You can, however, depreciate any capital improvements you make to the leased property. Can you e file an amended 1040x See Additions and Improvements under Which Recovery Period Applies in chapter 4 of Publication 946. Can you e file an amended 1040x   If you lease property to someone, you generally can depreciate its cost even if the lessee (the person leasing from you) has agreed to preserve, replace, renew, and maintain the property. Can you e file an amended 1040x However, you cannot depreciate the cost of the property if the lease provides that the lessee is to maintain the property and return to you the same property or its equivalent in value at the expiration of the lease in as good condition and value as when leased. Can you e file an amended 1040x Life tenant. Can you e file an amended 1040x   Generally, if you hold business or investment property as a life tenant, you can depreciate it as if you were the absolute owner of the property. Can you e file an amended 1040x See Certain term interests in property , later, for an exception. Can you e file an amended 1040x Property Used in Your Business or Income-Producing Activity To claim depreciation on property, you must use it in your business or income-producing activity. Can you e file an amended 1040x If you use property to produce income (investment use), the income must be taxable. Can you e file an amended 1040x You cannot depreciate property that you use solely for personal activities. Can you e file an amended 1040x However, if you use property for business or investment purposes and for personal purposes, you can deduct depreciation based only on the percentage of business or investment use. Can you e file an amended 1040x Example 1. Can you e file an amended 1040x   If you use your car for farm business, you can deduct depreciation based on its percentage of use in farming. Can you e file an amended 1040x If you also use it for investment purposes, you can depreciate it based on its percentage of investment use. Can you e file an amended 1040x Example 2. Can you e file an amended 1040x   If you use part of your home for business, you may be able to deduct depreciation on that part based on its business use. Can you e file an amended 1040x For more information, see Business Use of Your Home in chapter 4. Can you e file an amended 1040x Inventory. Can you e file an amended 1040x   You can never depreciate inventory because it is not held for use in your business. Can you e file an amended 1040x Inventory is any property you hold primarily for sale to customers in the ordinary course of your business. Can you e file an amended 1040x Livestock. Can you e file an amended 1040x   Livestock purchased for draft, breeding, or dairy purposes can be depreciated only if they are not kept in an inventory account. Can you e file an amended 1040x Livestock you raise usually has no depreciable basis because the costs of raising them are deducted and not added to their basis. Can you e file an amended 1040x However, see Immature livestock under When Does Depreciation Begin and End , later, for a special rule. Can you e file an amended 1040x Property Having a Determinable Useful Life To be depreciable, your property must have a determinable useful life. Can you e file an amended 1040x This means it must be something that wears out, decays, gets used up, becomes obsolete, or loses its value from natural causes. Can you e file an amended 1040x Irrigation systems and water wells. Can you e file an amended 1040x   Irrigation systems and wells used in a trade or business can be depreciated if their useful life can be determined. Can you e file an amended 1040x You can depreciate irrigation systems and wells composed of masonry, concrete, tile, metal, or wood. Can you e file an amended 1040x In addition, you can depreciate costs for moving dirt to construct irrigation systems and water wells composed of these materials. Can you e file an amended 1040x However, land preparation costs for center pivot irrigation systems are not depreciable. Can you e file an amended 1040x Dams, ponds, and terraces. Can you e file an amended 1040x   In general, you cannot depreciate earthen dams, ponds, and terraces unless the structures have a determinable useful life. Can you e file an amended 1040x What Property Cannot Be Depreciated? Certain property cannot be depreciated, even if the requirements explained earlier are met. Can you e file an amended 1040x This includes the following. Can you e file an amended 1040x Land. Can you e file an amended 1040x You can never depreciate the cost of land because land does not wear out, become obsolete, or get used up. Can you e file an amended 1040x The cost of land generally includes the cost of clearing, grading, planting, and landscaping. Can you e file an amended 1040x Although you cannot depreciate land, you can depreciate certain costs incurred in preparing land for business use. Can you e file an amended 1040x See chapter 1 of Publication 946. Can you e file an amended 1040x Property placed in service and disposed of in the same year. Can you e file an amended 1040x Determining when property is placed in service is explained later. Can you e file an amended 1040x Equipment used to build capital improvements. Can you e file an amended 1040x You must add otherwise allowable depreciation on the equipment during the period of construction to the basis of your improvements. Can you e file an amended 1040x Intangible property such as section 197 intangibles. Can you e file an amended 1040x This property does not have a determinable useful life and generally cannot be depreciated. Can you e file an amended 1040x However, see Amortization , later. Can you e file an amended 1040x Special rules apply to computer software (discussed below). Can you e file an amended 1040x Certain term interests (discussed below). Can you e file an amended 1040x Computer software. Can you e file an amended 1040x   Computer software is generally not a section 197 intangible even if acquired in connection with the acquisition of a business, if it meets all of the following tests. Can you e file an amended 1040x It is readily available for purchase by the general public. Can you e file an amended 1040x It is subject to a nonexclusive license. Can you e file an amended 1040x It has not been substantially modified. Can you e file an amended 1040x   If the software meets the tests above, it can be depreciated and may qualify for the section 179 expense deduction and the special depreciation allowance (if applicable), discussed later. Can you e file an amended 1040x Certain term interests in property. Can you e file an amended 1040x   You cannot depreciate a term interest in property created or acquired after July 27, 1989, for any period during which the remainder interest is held, directly or indirectly, by a person related to you. Can you e file an amended 1040x This rule does not apply to the holder of a term interest in property acquired by gift, bequest, or inheritance. Can you e file an amended 1040x For more information, see chapter 1 of Publication 946. Can you e file an amended 1040x When Does Depreciation Begin and End? You begin to depreciate your property when you place it in service for use in your trade or business or for the production of income. Can you e file an amended 1040x You stop depreciating property either when you have fully recovered your cost or other basis or when you retire it from service, whichever happens first. Can you e file an amended 1040x Placed in Service Property is placed in service when it is ready and available for a specific use, whether in a business activity, an income-producing activity, a tax-exempt activity, or a personal activity. Can you e file an amended 1040x Even if you are not using the property, it is in service when it is ready and available for its specific use. Can you e file an amended 1040x Example. Can you e file an amended 1040x You bought a planter for use in your farm business. Can you e file an amended 1040x The planter was delivered in December 2012 after harvest was over. Can you e file an amended 1040x You begin to depreciate the planter for 2012 because it was ready and available for its specific use in 2012, even though it will not be used until the spring of 2013. Can you e file an amended 1040x If your planter comes unassembled in December 2012 and is put together in February 2013, it is not placed in service until 2013. Can you e file an amended 1040x You begin to depreciate it in 2013. Can you e file an amended 1040x If your planter was delivered and assembled in February 2013 but not used until April 2013, it is placed in service in February 2013, because this is when the planter was ready for its specified use. Can you e file an amended 1040x You begin to depreciate it in 2013. Can you e file an amended 1040x Fruit or nut trees and vines. Can you e file an amended 1040x   If you acquire an orchard, grove, or vineyard before the trees or vines have reached the income-producing stage, and they have a preproductive period of more than 2 years, you must capitalize the preproductive-period costs under the uniform capitalization rules (unless you elect not to use these rules). Can you e file an amended 1040x See chapter 6 for information about the uniform capitalization rules. Can you e file an amended 1040x Your depreciation begins when the trees and vines reach the income-producing stage (that is, when they bear fruit, nuts, or grapes in quantities sufficient to commercially warrant harvesting). Can you e file an amended 1040x Immature livestock. Can you e file an amended 1040x   Depreciation for livestock begins when the livestock reaches the age of maturity. Can you e file an amended 1040x If you bought immature livestock for drafting purposes, depreciation begins when they can be worked. Can you e file an amended 1040x If you bought immature livestock for dairy purposes, depreciation begins when they can be milked. Can you e file an amended 1040x If you bought immature livestock for breeding purposes, depreciation begins when they can be bred. Can you e file an amended 1040x Your basis for depreciation is your initial cost for the immature livestock. Can you e file an amended 1040x Idle Property Continue to claim a deduction for depreciation on property used in your business or for the production of income even if it is temporarily idle. Can you e file an amended 1040x For example, if you stop using a machine because there is a temporary lack of a market for a product made with that machine, continue to deduct depreciation on the machine. Can you e file an amended 1040x Cost or Other Basis Fully Recovered You stop depreciating property when you have fully recovered your cost or other basis. Can you e file an amended 1040x This happens when your section 179 and allowed or allowable depreciation deductions equal your cost or investment in the property. Can you e file an amended 1040x Retired From Service You stop depreciating property when you retire it from service, even if you have not fully recovered its cost or other basis. Can you e file an amended 1040x You retire property from service when you permanently withdraw it from use in a trade or business or from use in the production of income because of any of the following events. Can you e file an amended 1040x You sell or exchange the property. Can you e file an amended 1040x You convert the property to personal use. Can you e file an amended 1040x You abandon the property. Can you e file an amended 1040x You transfer the property to a supplies or scrap account. Can you e file an amended 1040x The property is destroyed. Can you e file an amended 1040x For information on abandonment of property, see chapter 8. Can you e file an amended 1040x For information on destroyed property, see chapter 11 and Publication 547, Casualties, Disasters, and Thefts. Can you e file an amended 1040x Can You Use MACRS To Depreciate Your Property? You must use the Modified Accelerated Cost Recovery System (MACRS) to depreciate most business and investment property placed in service after 1986. Can you e file an amended 1040x MACRS is explained later under Figuring Depreciation Under MACRS . Can you e file an amended 1040x You cannot use MACRS to depreciate the following property. Can you e file an amended 1040x Property you placed in service before 1987. Can you e file an amended 1040x Use the methods discussed in Publication 534. Can you e file an amended 1040x Certain property owned or used in 1986. Can you e file an amended 1040x See chapter 1 of Publication 946. Can you e file an amended 1040x Intangible property. Can you e file an amended 1040x Films, video tapes, and recordings. Can you e file an amended 1040x Certain corporate or partnership property acquired in a nontaxable transfer. Can you e file an amended 1040x Property you elected to exclude from MACRS. Can you e file an amended 1040x For more information, see chapter 1 of Publication 946. Can you e file an amended 1040x What Is the Basis of Your Depreciable Property? To figure your depreciation deduction, you must determine the basis of your property. Can you e file an amended 1040x To determine basis, you need to know the cost or other basis of your property. Can you e file an amended 1040x Cost or other basis. Can you e file an amended 1040x   The basis of property you buy is usually its cost plus amounts you paid for items such as sales tax, freight charges, and installation and testing fees. Can you e file an amended 1040x The cost includes the amount you pay in cash, debt obligations, other property, or services. Can you e file an amended 1040x   There are times when you cannot use cost as basis. Can you e file an amended 1040x In these situations, the fair market value (FMV) or the adjusted basis of the property may be used. Can you e file an amended 1040x Adjusted basis. Can you e file an amended 1040x   To find your property's basis for depreciation, you may have to make certain adjustments (increases and decreases) to the basis of the property for events occurring between the time you acquired the property and the time you placed it in service. Can you e file an amended 1040x Basis adjustment for depreciation allowed or allowable. Can you e file an amended 1040x   After you place your property in service, you must reduce the basis of the property by the depreciation allowed or allowable, whichever is greater. Can you e file an amended 1040x Depreciation allowed is depreciation you actually deducted (from which you received a tax benefit). Can you e file an amended 1040x Depreciation allowable is depreciation you are entitled to deduct. Can you e file an amended 1040x   If you do not claim depreciation you are entitled to deduct, you must still reduce the basis of the property by the full amount of depreciation allowable. Can you e file an amended 1040x   If you deduct more depreciation than you should, you must reduce your basis by any amount deducted from which you received a tax benefit (the depreciation allowed). Can you e file an amended 1040x   For more information, see chapter 6. Can you e file an amended 1040x How Do You Treat Repairs and Improvements? You generally deduct the cost of repairing business property in the same way as any other business expense. Can you e file an amended 1040x However, if a repair or replacement increases the value of your property, makes it more useful, or lengthens its life, you must treat it as an improvement and depreciate it. Can you e file an amended 1040x Treat improvements as separate depreciable property. Can you e file an amended 1040x See chapter 1 of Publication 946 for more information. Can you e file an amended 1040x Example. Can you e file an amended 1040x You repair a small section on a corner of the roof of a barn that you rent to others. Can you e file an amended 1040x You deduct the cost of the repair as a business expense. Can you e file an amended 1040x However, if you replace the entire roof, the new roof is considered to be an improvement because it increases the value and lengthens the life for the property. Can you e file an amended 1040x You depreciate the cost of the new roof. Can you e file an amended 1040x Improvements to rented property. Can you e file an amended 1040x   You can depreciate permanent improvements you make to business property you rent from someone else. Can you e file an amended 1040x Do You Have To File Form 4562? Use Form 4562 to claim your deduction for depreciation and amortization. Can you e file an amended 1040x You must complete and attach Form 4562 to your tax return if you are claiming any of the following. Can you e file an amended 1040x A section 179 expense deduction for the current year or a section 179 carryover from a prior year. Can you e file an amended 1040x Depreciation for property placed in service during the current year. Can you e file an amended 1040x Depreciation on any vehicle or other listed property, regardless of when it was placed in service. Can you e file an amended 1040x Amortization of costs that began in the current year. Can you e file an amended 1040x For more information, see the Instructions for Form 4562. Can you e file an amended 1040x How Do You Correct Depreciation Deductions? If you deducted an incorrect amount of depreciation in any year, you may be able to make a correction by filing an amended return for that year. Can you e file an amended 1040x You can file an amended return to correct the amount of depreciation claimed for any property in any of the following situations. Can you e file an amended 1040x You claimed the incorrect amount because of a mathematical error made in any year. Can you e file an amended 1040x You claimed the incorrect amount because of a posting error made in any year, for example, omitting an asset from the depreciation schedule. Can you e file an amended 1040x You have not adopted a method of accounting for the property placed in service by you in tax years ending after December 29, 2003. Can you e file an amended 1040x You claimed the incorrect amount on property placed in service by you in tax years ending before December 30, 2003. Can you e file an amended 1040x Note. Can you e file an amended 1040x You have adopted a method of accounting if you used the same incorrect method of depreciation for two or more consecutively filed returns. Can you e file an amended 1040x If you are not allowed to make the correction on an amended return, you may be able to change your accounting method to claim the correct amount of depreciation. Can you e file an amended 1040x See the Instructions for Form 3115. Can you e file an amended 1040x Section 179 Expense Deduction You can elect to recover all or part of the cost of certain qualifying property, up to a limit, by deducting it in the year you place the property in service. Can you e file an amended 1040x This is the section 179 expense deduction. Can you e file an amended 1040x You can elect the section 179 expense deduction instead of recovering the cost by taking depreciation deductions. Can you e file an amended 1040x This part of the chapter explains the rules for the section 179 expense deduction. Can you e file an amended 1040x It explains what property qualifies for the deduction, what property does not qualify for the deduction, the limits that may apply, how to elect the deduction, and when you may have to recapture the deduction. Can you e file an amended 1040x For more information, see chapter 2 of Publication 946. Can you e file an amended 1040x What Property Qualifies? To qualify for the section 179 expense deduction, your property must meet all the following requirements. Can you e file an amended 1040x It must be eligible property. Can you e file an amended 1040x It must be acquired for business use. Can you e file an amended 1040x It must have been acquired by purchase. Can you e file an amended 1040x Eligible Property To qualify for the section 179 expense deduction, your property must be one of the following types of depreciable property. Can you e file an amended 1040x Tangible personal property. Can you e file an amended 1040x Qualified real property. Can you e file an amended 1040x (Special rules apply to qualified real property that you elect to treat as qualified section 179 real property. Can you e file an amended 1040x For more information, see chapter 2 of Publication 946 and section 179(f) of the Internal Revenue Code. Can you e file an amended 1040x ) Other tangible property (except buildings and their structural components) used as: An integral part of manufacturing, production, or extraction or of furnishing transportation, communications, electricity, gas, water, or sewage disposal services; A research facility used in connection with any of the activities in (a) above; or A facility used in connection with any of the activities in (a) for the bulk storage of fungible commodities. Can you e file an amended 1040x Single purpose agricultural (livestock) or horticultural structures. Can you e file an amended 1040x Storage facilities (except buildings and their structural components) used in connection with distributing petroleum or any primary product of petroleum. Can you e file an amended 1040x Off-the-shelf computer software that is readily available for purchase by the general public, is subject to a nonexclusive lease, and has not been substantially modified. Can you e file an amended 1040x Tangible personal property. Can you e file an amended 1040x   Tangible personal property is any tangible property that is not real property. Can you e file an amended 1040x It includes the following property. Can you e file an amended 1040x Machinery and equipment. Can you e file an amended 1040x Property contained in or attached to a building (other than structural components), such as milk tanks, automatic feeders, barn cleaners, and office equipment. Can you e file an amended 1040x Gasoline storage tanks and pumps at retail service stations. Can you e file an amended 1040x Livestock, including horses, cattle, hogs, sheep, goats, and mink and other fur-bearing animals. Can you e file an amended 1040x Facility used for the bulk storage of fungible commodities. Can you e file an amended 1040x   A facility used for the bulk storage of fungible commodities is qualifying property for purposes of the section 179 expense deduction if it is used in connection with any of the activities listed earlier in item (3)(a). Can you e file an amended 1040x Bulk storage means the storage of a commodity in a large mass before it is used. Can you e file an amended 1040x Grain bins. Can you e file an amended 1040x   A grain bin is an example of a storage facility that is qualifying section 179 property. Can you e file an amended 1040x It is a facility used in connection with the production of grain or livestock for the bulk storage of fungible commodities. Can you e file an amended 1040x Single purpose agricultural or horticultural structures. Can you e file an amended 1040x   A single purpose agricultural (livestock) or horticultural structure is qualifying property for purposes of the section 179 expense deduction. Can you e file an amended 1040x Agricultural structure. Can you e file an amended 1040x   A single purpose agricultural (livestock) structure is any building or enclosure specifically designed, constructed, and used for both the following reasons. Can you e file an amended 1040x To house, raise, and feed a particular type of livestock and its produce. Can you e file an amended 1040x To house the equipment, including any replacements, needed to house, raise, or feed the livestock. Can you e file an amended 1040x For this purpose, livestock includes poultry. Can you e file an amended 1040x   Single purpose structures are qualifying property if used, for example, to breed chickens or hogs, produce milk from dairy cattle, or produce feeder cattle or pigs, broiler chickens, or eggs. Can you e file an amended 1040x The facility must include, as an integral part of the structure or enclosure, equipment necessary to house, raise, and feed the livestock. Can you e file an amended 1040x Horticultural structure. Can you e file an amended 1040x   A single purpose horticultural structure is either of the following. Can you e file an amended 1040x A greenhouse specifically designed, constructed, and used for the commercial production of plants. Can you e file an amended 1040x A structure specifically designed, constructed, and used for the commercial production of mushrooms. Can you e file an amended 1040x Use of structure. Can you e file an amended 1040x   A structure must be used only for the purpose that qualified it. Can you e file an amended 1040x For example, a hog barn will not be qualifying property if you use it to house poultry. Can you e file an amended 1040x Similarly, using part of your greenhouse to sell plants will make the greenhouse nonqualifying property. Can you e file an amended 1040x   If a structure includes work space, the work space can be used only for the following activities. Can you e file an amended 1040x Stocking, caring for, or collecting livestock or plants or their produce. Can you e file an amended 1040x Maintaining the enclosure or structure. Can you e file an amended 1040x Maintaining or replacing the equipment or stock enclosed or housed in the structure. Can you e file an amended 1040x Property Acquired by Purchase To qualify for the section 179 expense deduction, your property must have been acquired by purchase. Can you e file an amended 1040x For example, property acquired by gift or inheritance does not qualify. Can you e file an amended 1040x Property acquired from a related person (that is, your spouse, ancestors, or lineal descendants) is not considered acquired by purchase. Can you e file an amended 1040x Example. Can you e file an amended 1040x Ken is a farmer. Can you e file an amended 1040x He purchased two tractors, one from his brother and one from his father. Can you e file an amended 1040x He placed both tractors in service in the same year he bought them. Can you e file an amended 1040x The tractor purchased from his father does not qualify for the section 179 expense deduction because he is a related person (as defined above). Can you e file an amended 1040x The tractor purchased from his brother does qualify for the deduction because Ken is not a related person (as defined above). Can you e file an amended 1040x What Property Does Not Qualify? Land and improvements. Can you e file an amended 1040x   Land and land improvements, do not qualify as section 179 property. Can you e file an amended 1040x Land improvements include nonagricultural fences, swimming pools, paved parking areas, wharves, docks, bridges, and fences. Can you e file an amended 1040x However, agricultural fences do qualify as section 179 property. Can you e file an amended 1040x Similarly, field drainage tile also qualifies as section 179 property. Can you e file an amended 1040x Excepted property. Can you e file an amended 1040x   Even if the requirements explained in the preceding discussions are met, farmers cannot elect the section 179 expense deduction for the following property. Can you e file an amended 1040x Certain property you lease to others (if you are a noncorporate lessor). Can you e file an amended 1040x Certain property used predominantly to furnish lodging or in connection with the furnishing of lodging. Can you e file an amended 1040x Property used by a tax-exempt organization (other than a tax-exempt farmers' cooperative) unless the property is used mainly in a taxable unrelated trade or business. Can you e file an amended 1040x Property used by governmental units or foreign persons or entities (except property used under a lease with a term of less than 6 months). Can you e file an amended 1040x How Much Can You Deduct? Your section 179 expense deduction is generally the cost of the qualifying property. Can you e file an amended 1040x However, the total amount you can elect to deduct under section 179 is subject to a dollar limit and a business income limit. Can you e file an amended 1040x These limits apply to each taxpayer, not to each business. Can you e file an amended 1040x However, see Married individuals under Dollar Limits , later. Can you e file an amended 1040x See also the special rules for applying the limits for partnerships and S corporations under Partnerships and S Corporations , later. Can you e file an amended 1040x If you deduct only part of the cost of qualifying property as a section 179 expense deduction, you can generally depreciate the cost you do not deduct. Can you e file an amended 1040x Use Part I of Form 4562 to figure your section 179 expense deduction. Can you e file an amended 1040x Partial business use. Can you e file an amended 1040x   When you use property for business and nonbusiness purposes, you can elect the section 179 expense deduction only if you use it more than 50% for business in the year you place it in service. Can you e file an amended 1040x If you used the property more than 50% for business, multiply the cost of the property by the percentage of business use. Can you e file an amended 1040x Use the resulting business cost to figure your section 179 expense deduction. Can you e file an amended 1040x Trade-in of other property. Can you e file an amended 1040x   If you buy qualifying property with cash and a trade-in, its cost for purposes of the section 179 expense deduction includes only the cash you paid. Can you e file an amended 1040x For example, if you buy (for cash and a trade-in) a new tractor for use in your business, your cost for the section 179 expense deduction is the cash you paid. Can you e file an amended 1040x It does not include the adjusted basis of the old tractor you trade for the new tractor. Can you e file an amended 1040x Example. Can you e file an amended 1040x J-Bar Farms traded two cultivators having a total adjusted basis of $6,800 for a new cultivator costing $13,200. Can you e file an amended 1040x They received an $8,000 trade-in allowance for the old cultivators and paid $5,200 cash for the new cultivator. Can you e file an amended 1040x J-Bar also traded a used pickup truck with an adjusted basis of $8,000 for a new pickup truck costing $35,000. Can you e file an amended 1040x They received a $5,000 trade-in allowance and paid $30,000 cash for the new pickup truck. Can you e file an amended 1040x Only the cash paid by J-Bar qualifies for the section 179 expense deduction. Can you e file an amended 1040x J-Bar's business costs that qualify for a section 179 expense deduction are $35,200 ($5,200 + $30,000). Can you e file an amended 1040x Dollar Limits The total amount you can elect to deduct under section 179 for most property placed in service in 2013 is $500,000. Can you e file an amended 1040x If you acquire and place in service more than one item of qualifying property during the year, you can allocate the section 179 expense deduction among the items in any way, as long as the total deduction is not more than $500,000. Can you e file an amended 1040x Qualified real property that you elect to treat as section 179 property is limited to $250,000 of the maximum section 179 deduction of $500,000 for 2013. Can you e file an amended 1040x You do not have to claim the full $500,000. Can you e file an amended 1040x For specific information on the section 179 dollar limits, see chapter 2 of Publication 946. Can you e file an amended 1040x Reduced dollar limit for cost exceeding $2 million. Can you e file an amended 1040x   If the cost of your qualifying section 179 property placed in service in 2013 is over $2 million, you must reduce the dollar limit (but not below zero) by the amount of cost over $2 million. Can you e file an amended 1040x If the cost of your section 179 property placed in service during 2013 is $2,500,000 or more, you cannot take a section 179 expense deduction and you cannot carry over the cost that is more than $2,500,000. Can you e file an amended 1040x Example. Can you e file an amended 1040x This year, James Smith placed in service machinery costing $2,050,000. Can you e file an amended 1040x Because this cost is $50,000 more than $2 million, he must reduce his dollar limit to $450,000 ($500,000 − $50,000). Can you e file an amended 1040x Limits for sport utility vehicles. Can you e file an amended 1040x   The total amount you can elect to deduct for certain sport utility vehicles and certain other vehicles placed in service in 2013 is $25,000. Can you e file an amended 1040x This rule applies to any 4-wheeled vehicle primarily designed or used to carry passengers over public streets, roads, and highways that is rated at more than 6,000 pounds gross vehicle weight and not more than 14,000 pounds gross vehicle weight. Can you e file an amended 1040x   For more information, see chapter 2 of Publication 946. Can you e file an amended 1040x Limits for passenger automobiles. Can you e file an amended 1040x   For a passenger automobile that is placed in service in 2013, the total section 179 and depreciation deduction is limited. Can you e file an amended 1040x See Do the Passenger Automobile Limits Apply , later. Can you e file an amended 1040x Married individuals. Can you e file an amended 1040x   If you are married, how you figure your section 179 expense deduction depends on whether you file jointly or separately. Can you e file an amended 1040x If you file a joint return, you and your spouse are treated as one taxpayer in determining any reduction to the dollar limit, regardless of which of you purchased the property or placed it in service. Can you e file an amended 1040x If you and your spouse file separate returns, you are treated as one taxpayer for the dollar limit, including the reduction for costs over $2 million. Can you e file an amended 1040x You must allocate the dollar limit (after any reduction) equally between you, unless you both elect a different allocation. Can you e file an amended 1040x If the percentages elected by each of you do not total 100%, 50% will be allocated to each of you. Can you e file an amended 1040x Joint return after separate returns. Can you e file an amended 1040x   If you and your spouse elect to amend your separate returns by filing a joint return after the due date for filing your return, the dollar limit on the joint return is the lesser of the following amounts. Can you e file an amended 1040x The dollar limit (after reduction for any cost of section 179 property over $2 million). Can you e file an amended 1040x The total cost of section 179 property you and your spouse elected to expense on your separate returns. Can you e file an amended 1040x Business Income Limit The total cost you can deduct each year after you apply the dollar limit is limited to the taxable income from the active conduct of any trade or business during the year. Can you e file an amended 1040x Generally, you are considered to actively conduct a trade or business if you meaningfully participate in the management or operations of the trade or business. Can you e file an amended 1040x Any cost not deductible in one year under section 179 because of this limit can be carried to the next year. Can you e file an amended 1040x See Carryover of disallowed deduction , later. Can you e file an amended 1040x Taxable income. Can you e file an amended 1040x   In general, figure taxable income for this purpose by totaling the net income and losses from all trades and businesses you actively conducted during the year. Can you e file an amended 1040x In addition to net income or loss from a sole proprietorship, partnership, or S corporation, net income or loss derived from a trade or business also includes the following items. Can you e file an amended 1040x Section 1231 gains (or losses) as discussed in chapter 9. Can you e file an amended 1040x Interest from working capital of your trade or business. Can you e file an amended 1040x Wages, salaries, tips, or other pay earned by you (or your spouse if you file a joint return) as an employee of any employer. Can you e file an amended 1040x   In addition, figure taxable income without regard to any of the following. Can you e file an amended 1040x The section 179 expense deduction. Can you e file an amended 1040x The self-employment tax deduction. Can you e file an amended 1040x Any net operating loss carryback or carryforward. Can you e file an amended 1040x Any unreimbursed employee business expenses. Can you e file an amended 1040x Two different taxable income limits. Can you e file an amended 1040x   In addition to the business income limit for your section 179 expense deduction, you may have a taxable income limit for some other deduction (for example, charitable contributions). Can you e file an amended 1040x You may have to figure the limit for this other deduction taking into account the section 179 expense deduction. Can you e file an amended 1040x If so, complete the following steps. Can you e file an amended 1040x Step Action 1 Figure taxable income without the section 179 expense deduction or the other deduction. Can you e file an amended 1040x 2 Figure a hypothetical section 179 expense deduction using the taxable income figured in Step 1. Can you e file an amended 1040x 3 Subtract the hypothetical section 179 expense deduction figured in Step 2 from the taxable income figured in Step 1. Can you e file an amended 1040x 4 Figure a hypothetical amount for the other deduction using the amount figured in Step 3 as taxable income. Can you e file an amended 1040x 5 Subtract the hypothetical other deduction figured in Step 4 from the taxable income figured in  Step 1. Can you e file an amended 1040x 6 Figure your actual section 179 expense deduction using the taxable income figured in Step 5. Can you e file an amended 1040x 7 Subtract your actual section 179 expense deduction figured in Step 6 from the taxable income figured in Step 1. Can you e file an amended 1040x 8 Figure your actual other deduction using the taxable income figured in Step 7. Can you e file an amended 1040x Example. Can you e file an amended 1040x On February 1, 2013, the XYZ farm corporation purchased and placed in service qualifying section 179 property that cost $500,000. Can you e file an amended 1040x It elects to expense the entire $500,000 cost under section 179. Can you e file an amended 1040x In June, the corporation gave a charitable contribution of $10,000. Can you e file an amended 1040x A corporation's limit on charitable contributions is figured after subtracting any section 179 expense deduction. Can you e file an amended 1040x The business income limit for the section 179 expense deduction is figured after subtracting any allowable charitable contributions. Can you e file an amended 1040x XYZ's taxable income figured without the section 179 expense deduction or the deduction for charitable contributions is $520,000. Can you e file an amended 1040x XYZ figures its section 179 expense deduction and its deduction for charitable contributions as follows. Can you e file an amended 1040x Step 1. Can you e file an amended 1040x Taxable income figured without either deduction is $520,000. Can you e file an amended 1040x Step 2. Can you e file an amended 1040x Using $520,000 as taxable income, XYZ's hypothetical section 179 expense deduction is $500,000. Can you e file an amended 1040x Step 3. Can you e file an amended 1040x $20,000 ($520,000 − $500,000). Can you e file an amended 1040x Step 4. Can you e file an amended 1040x Using $20,000 (from Step 3) as taxable income, XYZ's hypothetical charitable contribution (limited to 10% of taxable income) is $2,000. Can you e file an amended 1040x Step 5. Can you e file an amended 1040x $518,000 ($520,000 − $2,000). Can you e file an amended 1040x Step 6. Can you e file an amended 1040x Using $518,000 (from Step 5) as taxable income, XYZ figures the actual section 179 expense deduction. Can you e file an amended 1040x Because the taxable income is at least $500,000, XYZ can take a $500,000 section 179 expense deduction. Can you e file an amended 1040x Step 7. Can you e file an amended 1040x $20,000 ($520,000 − $500,000). Can you e file an amended 1040x Step 8. Can you e file an amended 1040x Using $20,000 (from Step 7) as taxable income, XYZ's actual charitable contribution (limited to 10% of taxable income) is $2,000. Can you e file an amended 1040x Carryover of disallowed deduction. Can you e file an amended 1040x   You can carry over for an unlimited number of years the cost of any section 179 property you elected to expense but were unable to because of the business income limit. Can you e file an amended 1040x   The amount you carry over is used in determining your section 179 expense deduction in the next year. Can you e file an amended 1040x However, it is subject to the limits in that year. Can you e file an amended 1040x If you place more than one property in service in a year, you can select the properties for which all or a part of the cost will be carried forward. Can you e file an amended 1040x Your selections must be shown in your books and records. Can you e file an amended 1040x Example. Can you e file an amended 1040x Last year, Joyce Jones placed in service a machine that cost $8,000 and elected to deduct all $8,000 under section 179. Can you e file an amended 1040x The taxable income from her business (determined without regard to both a section 179 expense deduction for the cost of the machine and the self-employment tax deduction) was $6,000. Can you e file an amended 1040x Her section 179 expense deduction was limited to $6,000. Can you e file an amended 1040x The $2,000 cost that was not allowed as a section 179 expense deduction (because of the business income limit) is carried to this year. Can you e file an amended 1040x This year, Joyce placed another machine in service that cost $9,000. Can you e file an amended 1040x Her taxable income from business (determined without regard to both a section 179 expense deduction for the cost of the machine and the self-employment tax deduction) is $10,000. Can you e file an amended 1040x Joyce can deduct the full cost of the machine ($9,000) but only $1,000 of the carryover from last year because of the business income limit. Can you e file an amended 1040x She can carry over the balance of $1,000 to next year. Can you e file an amended 1040x Partnerships and S Corporations The section 179 expense deduction limits apply both to the partnership or S corporation and to each partner or shareholder. Can you e file an amended 1040x The partnership or S corporation determines its section 179 expense deduction subject to the limits. Can you e file an amended 1040x It then allocates the deduction among its partners or shareholders. Can you e file an amended 1040x If you are a partner in a partnership or shareholder of an S corporation, you add the amount allocated from the partnership or S corporation to any section 179 costs not related to the partnership or S corporation and then apply the dollar limit to this total. Can you e file an amended 1040x To determine any reduction in the dollar limit for costs over $560,000, you do not include any of the cost of section 179 property placed in service by the partnership or S corporation. Can you e file an amended 1040x After you apply the dollar limit, you apply the business income limit to any remaining section 179 costs. Can you e file an amended 1040x For more information, see chapter 2 of Publication 946. Can you e file an amended 1040x Example. Can you e file an amended 1040x In 2013, Partnership P placed in service section 179 property with a total cost of $2,160,000. Can you e file an amended 1040x P must reduce its dollar limit by $160,000 ($2,160,000 − $2,000,000). Can you e file an amended 1040x Its maximum section 179 expense deduction is $340,000 ($500,000 − $160,000), and it elects to expense that amount. Can you e file an amended 1040x Because P's taxable income from the active conduct of all its trades or businesses for the year was $400,000, it can deduct the full $340,000. Can you e file an amended 1040x P allocates $100,000 of its section 179 expense deduction and $110,000 of its taxable income to John, one of its partners. Can you e file an amended 1040x John also conducts a business as a sole proprietor and in 2013, placed in service in that business, section 179 property costing $28,000. Can you e file an amended 1040x John's taxable income from that business was $10,000. Can you e file an amended 1040x In addition to the $100,000 allocated from P, he elects to expense the $28,000 of his sole proprietorship's section 179 costs. Can you e file an amended 1040x However, John's deduction is limited to his business taxable income of $120,000 ($110,000 from P plus $10,000 from his sole proprietorship). Can you e file an amended 1040x He carries over $8,000 ($128,000 − $120,000) of the elected section 179 costs to 2014. Can you e file an amended 1040x How Do You Elect the Deduction? You elect to take the section 179 expense deduction by completing Part I of Form 4562. Can you e file an amended 1040x If you elect the deduction for listed property, complete Part V of  Form 4562 before completing Part I. Can you e file an amended 1040x   File Form 4562 with either of the following: Your original tax return (whether or not you filed it timely), or An amended return filed within the time prescribed by law. Can you e file an amended 1040x An election made on an amended return must specify the item of section 179 property to which the election applies and the part of the cost of each such item to be taken into account. Can you e file an amended 1040x The amended return must also include any resulting adjustments to taxable income. Can you e file an amended 1040x Revoking an election. Can you e file an amended 1040x   An election (or any specification made in the election) to take a section 179 expense deduction for 2013 can be revoked without IRS approval by filing an amended return. Can you e file an amended 1040x The amended return must be filed within the time prescribed by law. Can you e file an amended 1040x The amended return must also include any resulting adjustments to taxable income (for example, allowable depreciation in that tax year for the item of section 179 property for which the election pertains. Can you e file an amended 1040x ) Once made, the revocation is irrevocable. Can you e file an amended 1040x When Must You Recapture the Deduction? You may have to recapture the section 179 expense deduction if, in any year during the property's recovery period, the percentage of business use drops to 50% or less. Can you e file an amended 1040x In the year the business use drops to 50% or less, you include the recapture amount as ordinary income. Can you e file an amended 1040x You also increase the basis of the property by the recapture amount. Can you e file an amended 1040x Recovery periods for property are discussed later. Can you e file an amended 1040x If you sell, exchange, or otherwise dispose of the property, do not figure the recapture amount under the rules explained in this discussion. Can you e file an amended 1040x Instead, use the rules for recapturing depreciation explained in  chapter 9 under Section 1245 Property. Can you e file an amended 1040x   If the property is listed property, do not figure the recapture amount under the rules explained in this discussion when the percentage of business use drops to 50% or less. Can you e file an amended 1040x Instead, use the rules for recapturing depreciation explained in chapter 5 of Publication 946 under Recapture of Excess Depreciation. Can you e file an amended 1040x Figuring the recapture amount. Can you e file an amended 1040x   To figure the amount to recapture, take the following steps. Can you e file an amended 1040x Figure the allowable depreciation for the section 179 expense deduction you claimed. Can you e file an amended 1040x Begin with the year you placed the property in service and include the year of recapture. Can you e file an amended 1040x Subtract the depreciation figured in (1) from the section 179 expense deduction you actually claimed. Can you e file an amended 1040x The result is the amount you must recapture. Can you e file an amended 1040x Example. Can you e file an amended 1040x In January 2011, Paul Lamb, a calendar year taxpayer, bought and placed in service section 179 property costing $10,000. Can you e file an amended 1040x The property is not listed property. Can you e file an amended 1040x He elected a $5,000 section 179 expense deduction for the property and also elected not to claim a special depreciation allowance. Can you e file an amended 1040x He used the property only for business in 2011 and 2012. Can you e file an amended 1040x During 2013, he used the property 40% for business and 60% for personal use. Can you e file an amended 1040x He figures his recapture amount as follows. Can you e file an amended 1040x Section 179 expense deduction claimed (2011) $5,000 Minus: Allowable depreciation (instead of section 179 expense deduction):   2011 $1,250   2012 1,875   2013 ($1,250 × 40% (business)) 500 3,625 2013 — Recapture amount $1,375     Paul must include $1,375 in income for 2013. Can you e file an amended 1040x Where to report recapture. Can you e file an amended 1040x   Report any recapture of the section 179 expense deduction as ordinary income in Part IV of Form 4797 and include it in income on Schedule F (Form 1040). Can you e file an amended 1040x Recapture for qualified section 179 GO Zone property. Can you e file an amended 1040x   If any qualified section 179 GO Zone property ceases to be used in the GO Zone in a later year, you must recapture the benefit of the increased section 179 expense deduction as “other income. Can you e file an amended 1040x ” Claiming the Special Depreciation Allowance For qualified property (defined below) placed in service in 2013, you can take an additional 50% special depreciation allowance. Can you e file an amended 1040x The allowance is an additional deduction you can take after any section 179 expense deduction and before you figure regular depreciation under MACRS. Can you e file an amended 1040x Figure the special depreciation allowance by multiplying the depreciable basis of the qualified property by 50%. Can you e file an amended 1040x What is Qualified Property? For farmers, qualified property generally is certain qualified property acquired after December 31, 2007, and placed in service before January 1, 2014. Can you e file an amended 1040x Certain qualified property acquired after December 31, 2007, and placed in service before January 1, 2014. Can you e file an amended 1040x   Certain qualified property (defined below) acquired after December 31, 2007, and before January 1, 2014, is eligible for a 50% special depreciation allowance. Can you e file an amended 1040x   Qualified property includes the following: Tangible property depreciated under the Modified Accelerated Cost Recovery System (MACRS) with a recovery period of 20 years or less. Can you e file an amended 1040x Water utility property. Can you e file an amended 1040x Off-the-shelf computer software. Can you e file an amended 1040x Qualified leasehold improvement property. Can you e file an amended 1040x   Qualified property must also meet all of the following tests: You must have acquired qualified property by purchase after December 31, 2007. Can you e file an amended 1040x If a binding contract to acquire the property existed before January 1, 2008, the property does not qualify. Can you e file an amended 1040x Qualified property must be placed in service after December 31, 2007 and placed in service before January 1, 2014 (before January 1, 2015 for certain property with a long production period and for certain aircraft). Can you e file an amended 1040x The original use of the property must begin with you after December 31, 2007. Can you e file an amended 1040x For more information, see chapter 3 of Publication 946. Can you e file an amended 1040x How Can You Elect Not To Claim the Allowance? You can elect, for any class of property, not to deduct the special depreciation allowance for all property in such class placed in service during the tax year. Can you e file an amended 1040x To make the election, attach a statement to your return indicating the class of property for which you are making the election. Can you e file an amended 1040x Generally, you must make the election on a timely filed tax return (including extensions) for the year in which you place the property in service. Can you e file an amended 1040x However, if you timely filed your return for the year without making the election, you still can make the election by filing an amended return within 6 months of the due date of the original return (not including extensions). Can you e file an amended 1040x Attach the election statement to the amended return. Can you e file an amended 1040x On the amended return, write “Filed pursuant to section 301. Can you e file an amended 1040x 9100-2. Can you e file an amended 1040x ” Once made, the election may not be revoked without IRS consent. Can you e file an amended 1040x If you elect not to have the special depreciation allowance apply, the property may be subject to an alternative minimum tax adjustment for depreciation. Can you e file an amended 1040x When Must You Recapture an Allowance When you dispose of property for which you claimed a special depreciation allowance, any gain on the disposition is generally recaptured (included in income) as ordinary income up to the amount of the special depreciation allowance previously allowed or allowable. Can you e file an amended 1040x For more information, see chapter 3 of Publication 946. Can you e file an amended 1040x Figuring Depreciation Under MACRS The Modified Accelerated Cost Recovery System (MACRS) is used to recover the basis of most business and investment property placed in service after 1986. Can you e file an amended 1040x MACRS consists of two depreciation systems, the General Depreciation System (GDS) and the Alternative Depreciation System (ADS). Can you e file an amended 1040x Generally, these systems provide different methods and recovery periods to use in figuring depreciation deductions. Can you e file an amended 1040x To be sure you can use MACRS to figure depreciation for your property, see Can You Use MACRS To Depreciate Your Property, earlier. Can you e file an amended 1040x This part explains how to determine which MACRS depreciation system applies to your property. Can you e file an amended 1040x It also discusses the following information that you need to know before you can figure depreciation under MACRS. Can you e file an amended 1040x Property's recovery class. Can you e file an amended 1040x Placed-in-service date. Can you e file an amended 1040x Basis for depreciation. Can you e file an amended 1040x Recovery period. Can you e file an amended 1040x Convention. Can you e file an amended 1040x Depreciation method. Can you e file an amended 1040x Finally, this part explains how to use this information to figure your depreciation deduction. Can you e file an amended 1040x Which Depreciation System (GDS or ADS) Applies? Your use of either the General Depreciation System (GDS) or the Alternative Depreciation System (ADS) to depreciate property under MACRS determines what depreciation method and recovery period you use. Can you e file an amended 1040x You generally must use GDS unless you are specifically required by law to use ADS or you elect to use ADS. Can you e file an amended 1040x Required use of ADS. Can you e file an amended 1040x   You must use ADS for the following property. Can you e file an amended 1040x All property used predominantly in a farming business and placed in service in any tax year during which an election not to apply the uniform capitalization rules to certain farming costs is in effect. Can you e file an amended 1040x Listed property used 50% or less in a qualified business use. Can you e file an amended 1040x See Additional Rules for Listed Property , later. Can you e file an amended 1040x Any tax-exempt use property. Can you e file an amended 1040x Any tax-exempt bond-financed property. Can you e file an amended 1040x Any property imported from a foreign country for which an Executive Order is in effect because the country maintains trade restrictions or engages in other discriminatory acts. Can you e file an amended 1040x Any tangible property used predominantly outside the United States during the year. Can you e file an amended 1040x If you are required to use ADS to depreciate your property, you cannot claim the special depreciation allowance. Can you e file an amended 1040x Electing ADS. Can you e file an amended 1040x   Although your property may qualify for GDS, you can elect to use ADS. Can you e file an amended 1040x The election generally must cover all property in the same property class you placed in service during the year. Can you e file an amended 1040x However, the election for residential rental property and nonresidential real property can be made on a property-by-property basis. Can you e file an amended 1040x Once you make this election, you can never revoke it. Can you e file an amended 1040x   You make the election by completing line 20 in Part III of Form 4562. Can you e file an amended 1040x Which Property Class Applies Under GDS? The following is a list of the nine property classes under GDS. Can you e file an amended 1040x 3-year property. Can you e file an amended 1040x 5-year property. Can you e file an amended 1040x 7-year property. Can you e file an amended 1040x 10-year property. Can you e file an amended 1040x 15-year property. Can you e file an amended 1040x 20-year property. Can you e file an amended 1040x 25-year property. Can you e file an amended 1040x Residential rental property. Can you e file an amended 1040x Nonresidential real property. Can you e file an amended 1040x See Which Property Class Applies Under GDS in chapter 4 of Publication 946 for examples of the types of property included in each class. Can you e file an amended 1040x What Is the Placed-in-Service Date? You begin to claim depreciation when your property is placed in service for use either in a trade or business or for the production of income. Can you e file an amended 1040x The placed-in-service date for your property is the date the property is ready and available for a specific use. Can you e file an amended 1040x It is therefore not necessarily the date it is first used. Can you e file an amended 1040x If you converted property held for personal use to use in a trade or business or for the production of income, treat the property as being placed in service on the conversion date. Can you e file an amended 1040x See Placed in Service under When Does Depreciation Begin and End , earlier, for examples illustrating when property is placed in service. Can you e file an amended 1040x What Is the Basis for Depreciation? The basis for depreciation of MACRS property is the property's cost or other basis multiplied by the percentage of business/investment use. Can you e file an amended 1040x Reduce that amount by any credits and deductions allocable to the property. Can you e file an amended 1040x The following are examples of some of the credits and deductions that reduce basis. Can you e file an amended 1040x Any deduction for section 179 property. Can you e file an amended 1040x Any deduction for removal of barriers to the disabled and the elderly. Can you e file an amended 1040x Any disabled access credit, enhanced oil recovery credit, and credit for employer-provided childcare facilities and services. Can you e file an amended 1040x Any special depreciation allowance. Can you e file an amended 1040x Basis adjustment for investment credit property under section 50(c) of the Internal Revenue Code. Can you e file an amended 1040x For information about how to determine the cost or other basis of property, see What Is the Basis of Your Depreciable Property , earlier. Can you e file an amended 1040x Also, see chapter 6. Can you e file an amended 1040x For additional credits and deductions that affect basis, see section 1016 of the Internal Revenue Code. Can you e file an amended 1040x Which Recovery Period Applies? The recovery period of property is the number of years over which you recover its cost or other basis. Can you e file an amended 1040x It is determined based on the depreciation system (GDS or ADS) used. Can you e file an amended 1040x See Table 7-1 for recovery periods under both GDS and ADS for some commonly used assets. Can you e file an amended 1040x For a complete list of recovery periods, see the Table of Class Lives and Recovery Periods in Appendix B of Publication 946. Can you e file an amended 1040x House trailers for farm laborers. Can you e file an amended 1040x   To depreciate a house trailer you supply as housing for those who work on your farm, use one of the following recovery periods if the house trailer is mobile (it has wheels and a history of movement). Can you e file an amended 1040x A 7-year recovery period under GDS. Can you e file an amended 1040x A 10-year recovery period under ADS. Can you e file an amended 1040x   However, if the house trailer is not mobile (its wheels have been removed and permanent utilities and pipes attached to it), use one of the following recovery periods. Can you e file an amended 1040x A 20-year recovery period under GDS. Can you e file an amended 1040x A 25-year recovery period under ADS. Can you e file an amended 1040x Water wells. Can you e file an amended 1040x   Water wells used to provide water for raising poultry and livestock are land improvements. Can you e file an amended 1040x If they are depreciable, use one of the following recovery periods. Can you e file an amended 1040x A 15-year recovery period under GDS. Can you e file an amended 1040x A 20-year recovery period under ADS. Can you e file an amended 1040x   The types of water wells that can be depreciated were discussed earlier in Irrigation systems and water wells under Property Having a Determinable Useful Life . Can you e file an amended 1040x Table 7-1. Can you e file an amended 1040x Farm Property Recovery Periods   Recovery Period in Years Assets GDS ADS Agricultural structures (single purpose) 10 15 Automobiles 5 5 Calculators and copiers 5 6 Cattle (dairy or breeding) 5 7 Communication equipment1 7 10 Computer and peripheral equipment 5 5 Drainage facilities 15 20 Farm buildings2 20 25 Farm machinery and equipment 7 10 Fences (agricultural) 7 10 Goats and sheep (breeding) 5 5 Grain bin 7 10 Hogs (breeding) 3 3 Horses (age when placed in service)     Breeding and working (12 years or less) 7 10 Breeding and working (more than 12 years) 3 10 Racing horses 3 12 Horticultural structures (single purpose) 10 15 Logging machinery and equipment3 5 6 Nonresidential real property 394 40 Office furniture, fixtures, and equipment (not calculators, copiers, or typewriters) 7 10 Paved lots 15 20 Residential rental property 27. Can you e file an amended 1040x 5 40 Tractor units (over-the-road) 3 4 Trees or vines bearing fruit or nuts 10 20 Truck (heavy duty, unloaded weight 13,000 lbs. Can you e file an amended 1040x or more) 5 6 Truck (actual weight less than 13,000 lbs) 5 5 Water wells 15 20 1 Not including communication equipment listed in other classes. Can you e file an amended 1040x 2 Not including single purpose agricultural or horticultural structures. Can you e file an amended 1040x 3 Used by logging and sawmill operators for cutting of timber. Can you e file an amended 1040x 4 For property placed in service after May 12, 1993; for property placed in service before May 13, 1993,  the recovery period is 31. Can you e file an amended 1040x 5 years. Can you e file an amended 1040x Which Convention Applies? Under MACRS, averaging conventions establish when the recovery period begins and ends. Can you e file an amended 1040x The convention you use determines the number of months for which you can claim depreciation in the year you place property in service and in the year you dispose of the property. Can you e file an amended 1040x Use one of the following conventions. Can you e file an amended 1040x The half-year convention. Can you e file an amended 1040x The mid-month convention. Can you e file an amended 1040x The mid-quarter convention. Can you e file an amended 1040x For a detailed explanation of each convention, see Which Convention Applies in chapter 4 of Publication 946. Can you e file an amended 1040x Also, see the Instructions for Form 4562. Can you e file an amended 1040x Which Depreciation Method Applies? MACRS provides three depreciation methods under GDS and one depreciation method under ADS. Can you e file an amended 1040x The 200% declining balance method over a GDS recovery period. Can you e file an amended 1040x The 150% declining balance method over a GDS recovery period. Can you e file an amended 1040x The straight line method over a GDS recovery period. Can you e file an amended 1040x The straight line method over an ADS recovery period. Can you e file an amended 1040x Depreciation Table. Can you e file an amended 1040x   The following table lists the types of property you can depreciate under each method. Can you e file an amended 1040x The declining balance method is abbreviated as DB and the straight line method is abbreviated as SL. Can you e file an amended 1040x Depreciation Table System/Method   Type of Property GDS using  150% DB • All property used in a farming business (except real property)   • All 15- and 20-year property   • Nonfarm 3-, 5-, 7-, and 10-year property1 GDS using SL • Nonresidential real property   • Residential rental property   • Trees or vines bearing fruit or nuts   • All 3-, 5-, 7-, 10-, 15-, and 20-year property1 ADS using SL • Property used predomi- nantly outside the United States   • Farm property used when an election not to apply the uniform capitalization rules is in effect   • Tax-exempt property   • Tax-exempt bond-financed property   • Imported property2   • Any property for which you elect to use this method1 GDS using  200% DB • Nonfarm 3-, 5-, 7-, and 10-year property 1Elective method 2See section 168(g)(6) of the Internal Revenue  Code Property used in farming business. Can you e file an amended 1040x   For personal property placed in service after 1988 in a farming business, you must use the 150% declining balance method over a GDS recovery period or you can elect one of the following methods. Can you e file an amended 1040x The straight line method over a GDS recovery period. Can you e file an amended 1040x The straight line method over an ADS recovery period. Can you e file an amended 1040x For property placed in service before 1999, you could have elected to use the 150% declining balance method using the ADS recovery periods for certain property classes. Can you e file an amended 1040x If you made this election, continue to use the same method and recovery period for that property. Can you e file an amended 1040x Real property. Can you e file an amended 1040x   You can depreciate real property using the straight line method under either GDS or ADS. Can you e file an amended 1040x Switching to straight line. Can you e file an amended 1040x   If you use a declining balance method, you switch to the straight line method in the year it provides an equal or greater deduction. Can you e file an amended 1040x If you use the MACRS percentage tables, discussed later under How Is the Depreciation Deduction Figured , you do not need to determine in which year your deduction is greater using the straight line method. Can you e file an amended 1040x The tables have the switch to the straight line method built into their rates. Can you e file an amended 1040x Fruit or nut trees and vines. Can you e file an amended 1040x   Depreciate trees and vines bearing fruit or nuts under GDS using the straight line method over a 10-year recovery period. Can you e file an amended 1040x ADS required for some farmers. Can you e file an amended 1040x   If you elect not to apply the uniform capitalization rules to any plant shown in Table 6-1 of chapter 6 and produced in your farming business, you must use ADS for all property you place in service in any year the election is in effect. Can you e file an amended 1040x See chapter 6 for a discussion of the application of the uniform capitalization rules to farm property. Can you e file an amended 1040x Electing a different method. Can you e file an amended 1040x   As shown in the Depreciation Table , you can elect a different method for depreciation for certain types of property. Can you e file an amended 1040x You must make the election by the due date of the return (including extensions) for the year you placed the property in service. Can you e file an amended 1040x However, if you timely filed your return for the year without making the election, you can still make the election by filing an amended return within 6 months of the due date of your return (excluding extensions). Can you e file an amended 1040x Attach the election to the amended return and write “Filed pursuant to section 301. Can you e file an amended 1040x 9100-2” on the election statement. Can you e file an amended 1040x File the amended return at the same address you filed the original return. Can you e file an amended 1040x Once you make the election, you cannot change it. Can you e file an amended 1040x    If you elect to use a different method for one item in a property class, you must apply the same method to all property in that class placed in service during the year of the election. Can you e file an amended 1040x However, you can make the election on a property-by-property basis for residential rental and nonresidential real property. Can you e file an amended 1040x Straight line election. Can you e file an amended 1040x   Instead of using the declining balance method, you can elect to use the straight line method over the GDS recovery period. Can you e file an amended 1040x Make the election by entering “S/L” under column (f) in Part III of Form 4562. Can you e file an amended 1040x ADS election. Can you e file an amended 1040x   As explained earlier under Which Depreciation System (GDS or ADS) Applies , you can elect to use ADS even though your property may come under GDS. Can you e file an amended 1040x ADS uses the straight line method of depreciation over the ADS recovery periods, which are generally longer than the GDS recovery periods. Can you e file an amended 1040x The ADS recovery periods for many assets used in the business of farming are listed in Table 7–1. Can you e file an amended 1040x Additional ADS recovery periods for other classes of property may be found in the Table of Class Lives and Recovery Periods in Appendix B of Publication 946. Can you e file an amended 1040x How Is the Depreciation Deduction Figured? To figure your depreciation deduction under MACRS, you first determine the depreciation system, property class, placed-in-service date, basis amount, recovery period, convention, and depreciation method that applies to your property. Can you e file an amended 1040x Then you are ready to figure your depreciation deduction. Can you e file an amended 1040x You can figure it in one of two ways. Can you e file an amended 1040x You can use the percentage tables provided by the IRS. Can you e file an amended 1040x You can figure your own deduction without using the tables. Can you e file an amended 1040x Figuring your own MACRS deduction will generally result in a slightly different amount than using the tables. Can you e file an amended 1040x Using the MACRS Percentage Tables To help you figure your deduction under MACRS, the IRS has established percentage tables that incorporate the applicable convention and depreciation method. Can you e file an amended 1040x These percentage tables are in Appendix A of Publication 946. Can you e file an amended 1040x Rules for using the tables. Can you e file an amended 1040x   The following rules cover the use of the percentage tables. Can you e file an amended 1040x You must apply the rates in the percentage tables to your property's unadjusted basis. Can you e file an amended 1040x Unadjusted basis is the same basis amount you would use to figure gain on a sale but figured without reducing your original basis by any MACRS depreciation taken in earlier years. Can you e file an amended 1040x You cannot use the percentage tables for a short tax year. Can you e file an amended 1040x See chapter 4 of Publication 946 for information on how to figure the deduction for a short tax year. Can you e file an amended 1040x You generally must continue to use them for the entire recovery period of the property. Can you e file an amended 1040x You must stop using the tables if you adjust the basis of the property for any reason other than— Depreciation allowed or allowable, or An addition or improvement to the property, which is depreciated as a separate property. Can you e file an amended 1040x Basis adjustment due to casualty loss. Can you e file an amended 1040x   If you reduce the basis of your property because of a casualty, you cannot continue to use the percentage tables. Can you e file an amended 1040x For the year of the adjustment and the remaining recovery period, you must figure the depreciation yourself using the property's adjusted basis at the end of the year. Can you e file an amended 1040x See Figuring the Deduction Without Using the Tables in chapter 4 of Publication 946. Can you e file an amended 1040x Figuring depreciation using the 150% DB method and half-year convention. Can you e file an amended 1040x    Table 7-2 has the percentages for 3-, 5-, 7-, and 20-year property. Can you e file an amended 1040x The percentages are based on the 150% declining balance method with a change to the straight line method. Can you e file an amended 1040x This table covers only the half-year convention and the first 8 years for 20-year property. Can you e file an amended 1040x See Appendix A in Publication 946 for complete MACRS tables, including tables for the mid-quarter and mid-month convention. Can you e file an amended 1040x   The following examples show how to figure depreciation under MACRS using the percentages in Table 7-2 . Can you e file an amended 1040x Example 1. Can you e file an amended 1040x During the year, you bought an item of 7-year property for $10,000 and placed it in service. Can you e file an amended 1040x You do not elect a section 179 expense deduction for this property. Can you e file an amended 1040x In addition, the property is not qualified property for purposes of the special depreciation allowance. Can you e file an amended 1040x The unadjusted basis of the property is $10,000. Can you e file an amended 1040x You use the percentages in Table 7-2 to figure your deduction. Can you e file an amended 1040x Since this is 7-year property, you multiply $10,000 by 10. Can you e file an amended 1040x 71% to get this year's depreciation of $1,071. Can you e file an amended 1040x For next year, your depreciation will be $1,913 ($10,000 × 19. Can you e file an amended 1040x 13%). Can you e file an amended 1040x Example 2. Can you e file an amended 1040x You had a barn constructed on your farm at a cost of $20,000. Can you e file an amended 1040x You placed the barn in service this year. Can you e file an amended 1040x You elect not to claim the special depreciation allowance. Can you e file an amended 1040x The barn is 20-year property and you use the table percentages to figure your deduction. Can you e file an amended 1040x You figure this year's depreciation by multiplying $20,000 (unadjusted basis) by 3. Can you e file an amended 1040x 75% to get $750. Can you e file an amended 1040x For next year, your depreciation will be $1,443. Can you e file an amended 1040x 80 ($20,000 × 7. Can you e file an amended 1040x 219%). Can you e file an amended 1040x Table 7-2. Can you e file an amended 1040x 150% Declining Balance Method (Half-Year Convention) Year 3-Year 5-Year 7-Year 20-Year 1 25. Can you e file an amended 1040x 0 % 15. Can you e file an amended 1040x 00 % 10. Can you e file an amended 1040x 71 % 3. Can you e file an amended 1040x 750 % 2 37. Can you e file an amended 1040x 5   25. Can you e file an amended 1040x 50   19. Can you e file an amended 1040x 13   7. Can you e file an amended 1040x 219   3 25. Can you e file an amended 1040x 0   17. Can you e file an amended 1040x 85   15. Can you e file an amended 1040x 03   6. Can you e file an amended 1040x 677   4 12. Can you e file an amended 1040x 5   16. Can you e file an amended 1040x 66   12. Can you e file an amended 1040x 25   6. Can you e file an amended 1040x 177   5     16. Can you e file an amended 1040x 66   12. Can you e file an amended 1040x 25   5. Can you e file an amended 1040x 713   6     8. Can you e file an amended 1040x 33   12. Can you e file an amended 1040x 25   5. Can you e file an amended 1040x 285   7         12. Can you e file an amended 1040x 25   4. Can you e file an amended 1040x 888   8         6. Can you e file an amended 1040x 13   4. Can you e file an amended 1040x 522   Figuring depreciation using the straight line method and half-year convention. Can you e file an amended 1040x   The following table has the straight line percentages for 3-, 5-, 7-, and 20-year property using the half-year convention. Can you e file an amended 1040x The table covers only the first 8 years for 20-year property. Can you e file an amended 1040x See Appendix A in Publication 946 for complete MACRS tables, including tables for the mid-quarter and mid-month convention. Can you e file an amended 1040x Table 7-3. Can you e file an amended 1040x Straight Line Method (Half-Year Convention) Year 3-Year 5-Year 7-Year 20-Year 1 16. Can you e file an amended 1040x 67 % 10 % 7. Can you e file an amended 1040x 14 % 2. Can you e file an amended 1040x 5 % 2 33. Can you e file an amended 1040x 33   20   14. Can you e file an amended 1040x 29   5. Can you e file an amended 1040x 0   3 33. Can you e file an amended 1040x 33   20   14. Can you e file an amended 1040x 29   5. Can you e file an amended 1040x 0   4 16. Can you e file an amended 1040x 67   20   14. Can you e file an amended 1040x 28   5. Can you e file an amended 1040x 0   5     20   14. Can you e file an amended 1040x 29   5. Can you e file an amended 1040x 0   6     10   14. Can you e file an amended 1040x 28   5. Can you e file an amended 1040x 0   7         14. Can you e file an amended 1040x 29   5. Can you e file an amended 1040x 0   8         7. Can you e file an amended 1040x 14   5. Can you e file an amended 1040x 0    
Español

Talk to Your Pharmacist

Your pharmacist oversees an important part of your health care by providing the medications prescribed by other health care professionals. It’s important that you are proactive and communicate honestly with your pharmacist. Topics you should discuss with your pharmacist include:

  • What other medications you take
  • Whether you have allergic reactions to any medications
  • Whether there is a generic version of the medication you can take instead
  • Any questions about the medication you are receiving. Review and discuss information on your patient insert.
  • Whether there is a risk that your medications don’t mix well with each other
  • Whether there any side effects to the medications

Remember to finish your entire prescription, since some illnesses require treatment to continue past the time when symptoms go away. Make certain that your pharmacy has your current health and prescription insurance on record so you get the best price possible. If you have difficulty paying for your medications, contact the manufacturer; some pharmaceutical companies have patient assistance programs to help you afford your medication.

Online Pharmacies

An increasing number of consumers are replacing a trip to the pharmacy with a trip on the Internet. While there are online pharmacies that provide legitimate prescription services, there are also some questionable sites that make buying medicines online risky. Do business only with a licensed U.S. pharmacy. Check with the National Association of Boards of Pharmacy to determine whether the site is licensed and in good standing. There are a few clues you can use to determine whether an online pharmacy is licensed, such as the website does not:

  • identify the organization or company sponsoring the site.
  • include a U.S. address and telephone number for the company.

An online pharmacy should offer you access to a registered pharmacist who can answer any questions you might have about drug interactions, side effects, and other safety precautions. Be wary of sites that:

  • Sell drugs without a prescription
  • Sell drugs not approved by the FDA
  • Advertise quick cures
  • Tell stories of "amazing results"
  • Claims that the medical profession has tried to keep the product from the public

If you suspect a site is not a licensed pharmacy, report it and any complaints to the U.S. Food and Drug Administration.

The Can You E File An Amended 1040x

Can you e file an amended 1040x 17. Can you e file an amended 1040x   Arreglos de Ahorros para la Jubilación (Arreglos IRA) Table of Contents Qué Hay de Nuevo en el Año 2013 Recordatorios Introduction Useful Items - You may want to see: Arreglos IRA Tradicionales¿Quién Puede Abrir un Arreglo IRA Tradicional? ¿Cuándo y Cómo se Puede Abrir un Arreglo IRA Tradicional? ¿Cuánto se Puede Aportar? ¿Cuándo se Pueden Hacer Aportaciones? ¿Cuánto se Puede Deducir? Aportaciones no Deducibles Arreglos IRA Heredados ¿Puede Traspasar Activos de un Plan de Jubilación? ¿Cuándo Puede Retirar o Utilizar Activos de un Arreglo IRA? ¿Cuándo Tiene que Retirar Activos de un Arreglo IRA? (Distribuciones Mínimas Obligatorias) ¿Están Sujetas a Impuestos las Distribuciones? ¿Qué Acciones Dan Lugar a Multas o Impuestos Adicionales? Arreglos Roth IRA ¿Qué Es un Arreglo Roth IRA? ¿Cuándo se Puede Abrir un Arreglo Roth IRA? ¿Puede Hacer Aportaciones a un Arreglo Roth IRA? ¿Se Pueden Trasladar Activos a un Arreglo Roth IRA? ¿Están Sujetas a Impuestos las Distribuciones? Qué Hay de Nuevo en el Año 2013 Límite en las aportaciones y las deducciones de los arreglos IRA tradicionales. Can you e file an amended 1040x  El límite sobre las aportaciones que puede efectuar a su arreglo IRA tradicional para el año 2013 aumentará a la cantidad menor entre las cantidades siguientes: $5,500 o Su remuneración tributable para el año. Can you e file an amended 1040x Si usted tiene 50 años o más antes del año 2014, lo máximo que puede aportar a su arreglo IRA tradicional para 2013 será la cantidad menor entre las cantidades siguientes: $6,500 o Su remuneración tributable para el año. Can you e file an amended 1040x Si desea más información, vea ¿Cuánto se Puede Aportar? , más adelante. Can you e file an amended 1040x Límite en las aportaciones de los arreglos Roth IRA. Can you e file an amended 1040x  Si las aportaciones efectuadas en nombre suyo se realizan únicamente a los arreglos Roth IRA, el límite de su aportación para el año 2013 será generalmente la cantidad menor entre las cantidades siguientes: $5,500 o Su remuneración tributable para el año. Can you e file an amended 1040x Si usted tiene 50 años o más antes del año 2014 y las aportaciones efectuadas en nombre suyo se realizaron únicamente a arreglos Roth IRA, lo máximo que puede aportar para el año 2013 será generalmente la cantidad menor entre las cantidades siguientes: $6,500 o Su remuneración tributable para el año. Can you e file an amended 1040x Sin embargo, si su ingreso bruto ajustado modificado es mayor que cierta cantidad, el límite sobre su aportación podría reducirse. Can you e file an amended 1040x Si desea más información, vea ¿Cuánto se Puede Aportar? , bajo ¿Puede Hacer Aportaciones a un Arreglo Roth IRA?, más adelante. Can you e file an amended 1040x Aumento del límite del ingreso bruto ajustado modificado para aportaciones hechas a un arreglo IRA tradicional. Can you e file an amended 1040x  Para 2013, si estaba cubierto por un plan de jubilación en el trabajo, su deducción por aportaciones a un arreglo IRA tradicional se reduce paulatinamente si su ingreso bruto ajustado modificado es: Más de $95,000 pero menos de $115,000 en el caso de un matrimonio que presente la declaración conjunta o un viudo que reúna los requisitos, Más de $59,000 pero menos de $69,000 en el caso de un soltero o cabeza de familia o Menos de $10,000 en el caso de un casado que presente la declaración por separado. Can you e file an amended 1040x Si vivía con su cónyuge o presenta la declaración conjunta y su cónyuge estaba cubierto por un plan de jubilación en el trabajo, pero usted no lo estaba, se reduce paulatinamente su deducción si tiene ingresos brutos ajustados modificados de más de $178,000 pero menos de $188,000. Can you e file an amended 1040x Si tiene ingresos brutos ajustados modificados de $188,000 o más, no puede hacer una deducción por aportaciones hechas a un arreglo IRA tradicional. Can you e file an amended 1040x Vea Cuánto se Puede Deducir , más adelante. Can you e file an amended 1040x Aumento del límite del ingreso bruto ajustado modificado para aportaciones hechas a un arreglo Roth IRA. Can you e file an amended 1040x  Para 2013, el límite sobre aportaciones a un arreglo Roth IRA se reduce paulatinamente en las siguientes situaciones: Su estado civil para efectos de la declaración es casado que presenta la declaración conjunta o viudo que reúne los requisitos y tiene ingresos brutos ajustados modificados de por lo menos $178,000. Can you e file an amended 1040x No puede hacer aportaciones a un arreglo Roth IRA si tiene ingresos brutos ajustados modificados de $188,000 o más. Can you e file an amended 1040x Su estado civil para efectos de la declaración es soltero, cabeza de familia, o casado que presenta la declaración por separado y no vivió con su cónyuge en ningún momento en 2013 y su ingreso bruto ajustado modificado es por lo menos $112,000. Can you e file an amended 1040x No puede hacer aportaciones a un arreglo Roth IRA si tiene ingresos brutos ajustados modificados de $127,000 o más. Can you e file an amended 1040x Su estado civil para efectos de la declaración es casado que presenta la declaración por separado, vivió con su cónyuge en algún momento durante el año y sus ingresos brutos ajustados modificados son más de -0-. Can you e file an amended 1040x No puede hacer aportaciones a un arreglo Roth IRA si tiene ingresos brutos ajustados modificados de $10,000 o más. Can you e file an amended 1040x Vea Puede Hacer Aportaciones a un Arreglo Roth IRA , más adelante. Can you e file an amended 1040x Impuesto sobre los ingresos netos de inversión. Can you e file an amended 1040x  Para propósitos del impuesto sobre los ingresos netos de inversión (NIIT, por sus siglas en inglés), los ingresos netos de inversión no incluyen distribuciones de un plan de jubilación calificado, incluidos los arreglos IRA (como por ejemplo, los planes conforme a las secciones 401(a), 403(a), 403(b), 408, 408A o 457(b)). Can you e file an amended 1040x Sin embargo, estas distribuciones se incluyen al calcular el límite del ingreso bruto ajustado modificado. Can you e file an amended 1040x Las distribuciones de un plan de jubilación no calificado se incluyen en los ingresos netos de inversión. Can you e file an amended 1040x Vea el Formulario 8960, Net Investment Income Tax — Individuals, Estates, and Trusts (Impuesto sobre los ingresos netos de inversión —Personas físicas, patrimonios y fideicomisos), además de sus instrucciones, ambos disponibles en inglés, si desea obtener más información. Can you e file an amended 1040x Cambio de nombre. Can you e file an amended 1040x . Can you e file an amended 1040x  El nombre de todos los arreglos IRA para cónyuges ha cambiado a Kay Bailey Hutchison IRA para cónyuges. Can you e file an amended 1040x No hubo cambio a las reglas que rigen estos arreglos IRA. Can you e file an amended 1040x Vea, Arreglo Kay Bailey Hutchison IRA para cónyuges , más adelante, para más información. Can you e file an amended 1040x Recordatorios Límites de 2014. Can you e file an amended 1040x  Encontrará información acerca de los límites de aportaciones de 2014 y del Ingreso Bruto Ajustado (AGI por sus siglas en inglés) en la Publicación 590, en inglés. Can you e file an amended 1040x Aportaciones hechas a arreglos IRA tradicionales y a arreglos Roth IRA. Can you e file an amended 1040x   Para información adicional sobre el límite de la suma de aportaciones si se realizan aportaciones a un arreglo IRA tradicional y un arreglo Roth IRA, vea Arreglos Roth IRA y arreglos IRA tradicionales bajo ¿Cuánto se Puede Aportar?, en la sección dedicada a los Arreglos Roth IRA, más adelante. Can you e file an amended 1040x Informe de la distribución mínima obligatoria. Can you e file an amended 1040x  Si una distribución mínima de su arreglo IRA es obligatoria, el fideicomisario, custodio o emisor en cuyas manos estaba dicho arreglo IRA al final del año precedente tiene que informarle de la distribución mínima obligatoria o estar dispuesto a calculársela. Can you e file an amended 1040x El informe o disposición anterior tiene que incluir la fecha para la cual se tiene que distribuir la cantidad de fondos. Can you e file an amended 1040x El informe se debe entregar el 31 de enero del año en el que se requiera la distribución mínima. Can you e file an amended 1040x Se puede entregar junto con el informe de la declaración del valor justo de mercado de finales de año que se le suele enviar cada año. Can you e file an amended 1040x No se necesita entregar este informe en el caso de arreglos IRA cuyos dueños hayan fallecido. Can you e file an amended 1040x Intereses de arreglos IRA. Can you e file an amended 1040x  Aunque los intereses procedentes de un arreglo IRA no se suelen tributar en el año en el que se devengan, éstos no se consideran intereses exentos de impuestos. Can you e file an amended 1040x En la mayoría de los casos, los impuestos devengados por un arreglo IRA tradicional se postergan hasta que reciba una distribución. Can you e file an amended 1040x No declare dichos intereses como intereses exentos de impuestos en su declaración de impuestos. Can you e file an amended 1040x Formulario 8606. Can you e file an amended 1040x   Para declarar las aportaciones como no deducibles, tiene que presentar el Formulario 8606, Nondeductible IRAs (Arreglos IRA no deducibles), en inglés. Can you e file an amended 1040x La expresión “50 años de edad o más” se usa algunas veces en este capítulo. Can you e file an amended 1040x Se refiere al dueño de un arreglo IRA que ha cumplido 50 años de edad o más para finales del año tributario. Can you e file an amended 1040x Introduction Un arreglo de ahorros para la jubilación (IRA, por sus siglas en inglés) es un plan individual de ahorros que le brinda ventajas tributarias para ahorrar con miras a la jubilación. Can you e file an amended 1040x Este capítulo trata de los siguientes temas: Las reglas relativas a un arreglo IRA tradicional (todo arreglo IRA que no sea un arreglo Roth o SIMPLE IRA). Can you e file an amended 1040x El arreglo Roth IRA, que brinda las opciones de hacer aportaciones no deducibles y distribuciones exentas de impuestos. Can you e file an amended 1040x Este capítulo no presenta los Simplified Employee Pensions (Planes de pensión simplificada para empleados, o SEP, por sus siglas en inglés) ni los Savings Incentive Match Plans for Employees (Planes de incentivos de ahorros para empleados en los que el empleador aporta cantidades iguales, o SIMPLE, por sus siglas en inglés). Can you e file an amended 1040x Para más información acerca de estos planes y los arreglos SEP IRA y SIMPLE que son parte de dichos planes, vea las Publicaciones 560 y 590, en inglés. Can you e file an amended 1040x Para información sobre aportaciones, deducciones, retiros, traspasos, reinversiones y otras transacciones, vea la Publicación 590, en inglés. Can you e file an amended 1040x Useful Items - You may want to see: Publicación 560 Retirement Plans for Small Business (Planes de jubilación para pequeños negocios), en inglés 590 Individual Retirement Arrangements (IRAs) (Arreglos de ahorros para la jubilación (Arreglos IRA)), en inglés Formulario (e Instrucciones) 5329 Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts (Impuestos adicionales sobre planes calificados (incluidos los arreglos IRA) y otros arreglos con beneficios tributarios), en inglés 8606 Nondeductible IRAs (Arreglos IRA no deducibles), en inglés Arreglos IRA Tradicionales En este capítulo, el arreglo IRA original (conocido también como arreglo IRA ordinario) se denomina “arreglo IRA tradicional”. Can you e file an amended 1040x Un arreglo IRA tradicional es todo arreglo IRA que no sea un arreglo Roth IRA ni un arreglo SIMPLE IRA. Can you e file an amended 1040x Dos ventajas que brinda un arreglo IRA tradicional son: Podría deducir una parte o la totalidad de las aportaciones hechas a dicho arreglo, según las circunstancias y Normalmente, no se gravan impuestos a los fondos de un arreglo IRA, ingresos y ganancias inclusive, hasta que se hayan distribuido. Can you e file an amended 1040x ¿Quién Puede Abrir un Arreglo IRA Tradicional? Puede abrir y hacer aportaciones a un arreglo IRA tradicional si: Usted (o su cónyuge, si presenta una declaración conjunta) recibió remuneración tributable en el curso del año y No había cumplido 70 años y medio de edad antes de finalizar el año. Can you e file an amended 1040x ¿Qué es remuneración?   Normalmente, la remuneración es lo que gana trabajando. Can you e file an amended 1040x La remuneración abarca salarios, sueldos, propinas, honorarios profesionales, bonificaciones o premios y otras cantidades que reciba por haber prestado servicios personales. Can you e file an amended 1040x Para fines del IRS, se considera remuneración toda cantidad que aparezca correctamente en el recuadro 1 (Wages, tips, other compensation (Salarios, propinas, otra remuneración)) del Formulario W-2, Wage and Tax Statement (Comprobante de salarios y retención de impuestos), en inglés, siempre y cuando dicha cantidad se reduzca por toda cantidad que aparezca correctamente en el recuadro 11 (Nonqualified plans (Planes no calificados)). Can you e file an amended 1040x   Los pagos de becas de estudios y de desarrollo profesional se consideran remuneración para este propósito sólo si aparecen en el recuadro 1 del Formulario W-2. Can you e file an amended 1040x   La remuneración también abarca las comisiones y pagos tributables de pensión para el cónyuge divorciado y manutención por separación judicial del cónyuge o ex cónyuge. Can you e file an amended 1040x Ingresos de trabajo por cuenta propia. Can you e file an amended 1040x   Si trabaja por cuenta propia (como dueño único o socio), la remuneración son las ganancias netas provenientes de su ocupación o negocio (siempre y cuando los servicios personales prestados por usted sean un factor que genere ingresos materiales) reducidos por el total de: La deducción por aportaciones hechas en nombre suyo a planes de jubilación y La parte deducible de su impuesto sobre el trabajo por cuenta propia. Can you e file an amended 1040x   La remuneración abarca ganancias del trabajo por cuenta propia aunque, por sus creencias religiosas, no estén sujetas al impuesto sobre el trabajo por cuenta propia. Can you e file an amended 1040x Paga no tributable por combate. Can you e file an amended 1040x   Para fines de un arreglo IRA, si era miembro de las Fuerzas Armadas estadounidenses, la remuneración incluye toda paga no tributable por combate que reciba. Can you e file an amended 1040x ¿Qué no es remuneración?   La remuneración no abarca lo siguiente: Ganancias y utilidades provenientes de una propiedad, como ingresos de alquiler, ingresos de intereses e ingresos de dividendos. Can you e file an amended 1040x Ingresos de pensiones o anualidades. Can you e file an amended 1040x Remuneración diferida recibida (pagos de remuneración aplazados en un año anterior). Can you e file an amended 1040x Ingresos de una sociedad colectiva a cambio de los cuales usted no presta servicios que se consideren un factor de generación de ingresos materiales. Can you e file an amended 1040x Pagos del Conservation Reserve Program (Programa del fondo de conservación o CRP, por sus siglas en inglés) declarados en la línea 1b del Anexo SE del Formulario 1040. Can you e file an amended 1040x Toda cantidad (que no sea paga por combate) que excluya de los ingresos, como ingresos de fuentes del extranjero y costos de alojamiento en el extranjero. Can you e file an amended 1040x ¿Cuándo y Cómo se Puede Abrir un Arreglo IRA Tradicional? Puede abrir un arreglo IRA tradicional en cualquier momento. Can you e file an amended 1040x No obstante, el plazo para hacer aportaciones a dicho arreglo en un año dado es limitado. Can you e file an amended 1040x Vea ¿Cuándo se Pueden Hacer Aportaciones? , más adelante. Can you e file an amended 1040x Puede abrir varios tipos de arreglos IRA en diversas organizaciones. Can you e file an amended 1040x Puede abrir un arreglo IRA en un banco u otra institución financiera o en un fondo mutuo o compañía de seguros de vida. Can you e file an amended 1040x También puede abrir un arreglo IRA a través de un agente de un corredor bursátil. Can you e file an amended 1040x Todo arreglo IRA tiene que cumplir los requisitos del Código Federal de Impuestos Internos. Can you e file an amended 1040x Tipos de arreglos IRA tradicionales. Can you e file an amended 1040x   Un arreglo IRA tradicional puede ser un arreglo de ahorros para la jubilación o una anualidad. Can you e file an amended 1040x Puede ser parte de un plan de pensión simplificada para empleados (SEP) o una cuenta fiduciaria de una asociación de empleadores o de empleados. Can you e file an amended 1040x ¿Cuánto se Puede Aportar? Existen límites y otras reglas que determinan la cantidad de fondos que se puede aportar a un arreglo IRA tradicional. Can you e file an amended 1040x Estos límites y otras reglas se explican a continuación. Can you e file an amended 1040x Leyes de los bienes gananciales. Can you e file an amended 1040x   Salvo en las situaciones presentadas más adelante bajo Límite de aportaciones a los arreglos Kay Bailey Hutchison IRA para cónyuges , cada cónyuge calcula su límite por separado, basándose en su propia remuneración. Can you e file an amended 1040x Esta regla es aplicable incluso en estados con leyes sobre bienes gananciales. Can you e file an amended 1040x Comisiones de corredor bursátil. Can you e file an amended 1040x   Las comisiones de agentes de corredor bursátil que se pagan con relación a un arreglo IRA tradicional están sujetas al límite de aportaciones. Can you e file an amended 1040x Honorarios de fideicomisarios. Can you e file an amended 1040x   Los honorarios de administración del fideicomisario no están sujetos al límite de aportaciones. Can you e file an amended 1040x Aportaciones de cantidades iguales a las recibidas como ciudadano en reserva militar que reúna los requisitos. Can you e file an amended 1040x   Si es (o era) miembro de una unidad reservista y recibió órdenes o se le llamó a prestar servicio activo después del 11 de septiembre de 2001, tal vez pueda aportar a un arreglo IRA cantidades iguales a distribuciones que haya recibido por ser ciudadano en reserva militar que reunía los requisitos. Can you e file an amended 1040x Puede realizar aportaciones de esta índole aun si éstas hacen que el total de las aportaciones hechas al arreglo IRA supere el límite general sobre aportaciones. Can you e file an amended 1040x Para tener el derecho de hacer estas aportaciones de cantidades iguales a las que se le pagaron como ciudadano en reserva militar, tiene que haber recibido una distribución por ser ciudadano en reserva militar que reunía los requisitos. Can you e file an amended 1040x Dicha distribución tiene que ser de un arreglo IRA o de un plan conforme a la sección 401(k) o 403(b) o plan similar. Can you e file an amended 1040x   Para más información, vea Qualified reservist repayments (Aportaciones de cantidades iguales a las recibidas como ciudadano en reserva militar que reúne los requisitos), bajo How Much Can Be Contributed? (¿Cuánto se puede aportar?), en el capítulo 1 de la Publicación 590, en inglés. Can you e file an amended 1040x Las aportaciones hechas en nombre suyo a un arreglo IRA tradicional reducen el límite de aportaciones a un arreglo Roth IRA. Can you e file an amended 1040x Vea Arreglos Roth IRA , más adelante. Can you e file an amended 1040x Límite general. Can you e file an amended 1040x   Para 2013, la cantidad máxima que se puede aportar a un arreglo IRA tradicional suele ser la menor de las siguientes cantidades: $5,500 ($6,500 si tiene 50 años de edad o más). Can you e file an amended 1040x La remuneración tributable (definida anteriormente) que haya recibido durante el año. Can you e file an amended 1040x Ésta es la cantidad máxima que se puede aportar a un arreglo IRA independientemente de si se aportan fondos a uno o más arreglos IRA tradicionales o si una parte o la totalidad de los mismos no son deducibles. Can you e file an amended 1040x (Vea Aportaciones no Deducibles , más adelante). Can you e file an amended 1040x Las aportaciones hechas por reservistas calificados, que devuelven distribuciones recibidas, no afectan a este límite. Can you e file an amended 1040x Ejemplo 1. Can you e file an amended 1040x Isabel, de 34 años de edad y soltera, ganó $24,000 en 2013. Can you e file an amended 1040x El límite de aportaciones a su arreglo IRA en 2013 es $5,500. Can you e file an amended 1040x Ejemplo 2. Can you e file an amended 1040x Juan, un estudiante universitario soltero que trabaja a tiempo parcial, ganó $3,500 en 2013. Can you e file an amended 1040x El límite de aportaciones a su arreglo IRA en 2013 es $3,500, la cantidad de la remuneración que recibió. Can you e file an amended 1040x Límite de aportaciones a los arreglos Kay Bailey Hutchison IRA para cónyuges. Can you e file an amended 1040x   Para el año 2013, si presenta una declaración conjunta y recibe menos remuneración tributable que su cónyuge, la cantidad máxima de fondos que puede aportar a su arreglo IRA en ese año es la menor de las cantidades siguientes: $5,500 ($6,500 si tiene 50 años de edad o más). Can you e file an amended 1040x El total de la remuneración que se pueda incluir en los ingresos brutos de tanto usted como su cónyuge en ese año, reducido por las dos cantidades siguientes: La aportación de su cónyuge en ese año a un arreglo IRA tradicional. Can you e file an amended 1040x Toda aportación que se haya hecho en ese año a un arreglo Roth IRA en nombre de su cónyuge. Can you e file an amended 1040x Esto quiere decir que la suma total de las aportaciones que pueden hacer en ese año a su arreglo IRA y la de su cónyuge puede ser de hasta $11,000 ($12,000 si sólo uno de ustedes tiene 50 años de edad o más, o $13,000 si los dos tienen 50 años de edad o más). Can you e file an amended 1040x ¿Cuándo se Pueden Hacer Aportaciones? En cuanto abra un arreglo IRA tradicional, se pueden realizar aportaciones al mismo por medio del fideicomisario u otro administrador. Can you e file an amended 1040x Las aportaciones tienen que ser en forma de dinero (efectivo, cheque o giro). Can you e file an amended 1040x No se pueden realizar aportaciones de bienes. Can you e file an amended 1040x Las aportaciones se tienen que hacer dentro del plazo correspondiente. Can you e file an amended 1040x   Las aportaciones a su arreglo IRA tradicional para un año dado se pueden hacer en cualquier momento del año o dentro del plazo para presentar la declaración de dicho año, prórrogas excluidas. Can you e file an amended 1040x Regla de la edad de 70 años y medio. Can you e file an amended 1040x   No se pueden hacer aportaciones a un arreglo IRA tradicional para el año en que usted cumple 70 años y medio de edad ni para ningún año posterior. Can you e file an amended 1040x   Se considera que alcanza la edad de 70 años y medio a los 6 meses naturales del septuagésimo (número 70) aniversario de su nacimiento. Can you e file an amended 1040x Si nació el 30 de junio de 1943 o antes, no puede hacer aportaciones para el año 2013 ni para ningún año posterior. Can you e file an amended 1040x Cómo indicar el año de la aportación. Can you e file an amended 1040x   Si aporta una cantidad de fondos a su arreglo IRA tradicional entre el 1 de enero y el 15 de abril, debería informarle al fideicomisario u otro administrador del año al que corresponde dicha aportación, es decir, si corresponde al año actual o al año anterior. Can you e file an amended 1040x Si no le informa al fideicomisario u otro administrador del año al que corresponde la aportación, el fideicomisario u otro administrador puede suponer que la misma corresponde al año actual (el año en el que el fideicomisario u otro administrador la recibió) y por lo tanto declararla como tal al IRS. Can you e file an amended 1040x Presentación de la declaración antes de hacer una aportación. Can you e file an amended 1040x   Al presentar la declaración de impuestos, puede declarar una aportación hecha a un arreglo IRA tradicional antes de haber hecho realmente dicha aportación. Can you e file an amended 1040x Normalmente, debe hacer la aportación a más tardar en la fecha límite de la declaración de impuestos (sin contar prórrogas). Can you e file an amended 1040x No es obligatorio hacer aportaciones. Can you e file an amended 1040x   No tiene que aportar fondos a su arreglo IRA tradicional para cada año tributario, aun si puede hacerlo. Can you e file an amended 1040x ¿Cuánto se Puede Deducir? Normalmente, puede deducir la cantidad menor entre: Las aportaciones hechas a su arreglo IRA tradicional para el año o El límite general (o el límite a los arreglos Kay Bailey Hutchison IRA para cónyuges, si corresponde). Can you e file an amended 1040x No obstante, si usted o su cónyuge estaba cubierto por un plan para la jubilación del empleador, tal vez no pueda deducir esta cantidad. Can you e file an amended 1040x Vea Límite si se Tiene Cobertura bajo un Plan del Empleador , más adelante. Can you e file an amended 1040x Tal vez pueda reclamar un crédito por aportaciones hechas a un arreglo IRA tradicional. Can you e file an amended 1040x Para más información, vea el capítulo 37. Can you e file an amended 1040x Honorarios de fideicomisarios. Can you e file an amended 1040x   Los honorarios administrativos del fideicomisario que se facturen por separado y se paguen en relación a su arreglo IRA tradicional no se pueden deducir como aportaciones a un arreglo IRA. Can you e file an amended 1040x No obstante, sí se pueden deducir como deducción detallada miscelánea en el Anexo A (Formulario 1040). Can you e file an amended 1040x Vea el capítulo 28. Can you e file an amended 1040x Comisiones de corredores bursátiles. Can you e file an amended 1040x   Las comisiones de corredores bursátiles son parte de las aportaciones hechas a un arreglo IRA y, como tal, se pueden deducir sujetas a los límites. Can you e file an amended 1040x Deducción completa. Can you e file an amended 1040x   Si ni usted ni su cónyuge estaba cubierto en ningún momento del año por un plan para la jubilación del empleador, puede hacer una deducción por el total de aportaciones hechas a uno o más arreglos IRA tradicionales hasta la menor de las siguientes cantidades: $5,500 ($6,500 si tiene 50 años de edad o más en 2013). Can you e file an amended 1040x El 100% de su remuneración. Can you e file an amended 1040x Este límite se reduce por toda aportación hecha a un plan 501(c)(18) en nombre de usted. Can you e file an amended 1040x Arreglo Kay Bailey Hutchison IRA para el cónyuge. Can you e file an amended 1040x   En el caso de una pareja casada que haya recibido remuneración en cantidades distintas y que presente una declaración conjunta, la deducción por aportaciones al arreglo IRA tradicional del cónyuge con menos remuneración se limita a la menor de las siguientes cantidades: $5,500 ($6,500 si el cónyuge con la menor remuneración tiene 50 años de edad o más en 2013). Can you e file an amended 1040x El total de la remuneración que se puede incluir en los ingresos brutos de ambos cónyuges en ese año, reducido por las tres cantidades siguientes: La deducción IRA para el año del cónyuge con mayor remuneración. Can you e file an amended 1040x Toda aportación designada no deducible hecha durante el año en nombre del cónyuge con mayor remuneración. Can you e file an amended 1040x Toda aportación hecha durante el año a un arreglo Roth IRA de parte del cónyuge con mayor remuneración. Can you e file an amended 1040x Este límite se reduce por toda aportación que se haya hecho a un plan 501(c)(18) de parte del cónyuge con menor remuneración. Can you e file an amended 1040x Nota: Si estaba divorciado o legalmente separado (y no volvió a casarse) antes de terminar el año, no puede deducir ninguna aportación hecha al arreglo IRA de su cónyuge. Can you e file an amended 1040x Después de un divorcio o separación legal, puede deducir sólo aportaciones hechas a su propio arreglo IRA. Can you e file an amended 1040x Dichas deducciones están sujetas a las reglas correspondientes a personas solteras. Can you e file an amended 1040x Si está cubierto por un plan del empleador para la jubilación. Can you e file an amended 1040x   Si usted o su cónyuge estuvo cubierto por un plan del empleador para la jubilación en algún momento del año en el que se hayan hecho aportaciones, se podría limitar aún más la deducción. Can you e file an amended 1040x Este tema se trata más adelante bajo Límite si se Tiene Cobertura bajo un Plan del Empleador . Can you e file an amended 1040x Los límites sobre la cantidad que se puede deducir no influyen en la cantidad que se puede aportar. Can you e file an amended 1040x Vea Aportaciones no Deducibles , más adelante. Can you e file an amended 1040x ¿Está Cubierto por un Plan del Empleador? El Formulario W-2 que recibe de su empleador tiene un recuadro que se utiliza para indicar si usted estuvo cubierto durante el año. Can you e file an amended 1040x El recuadro “Retirement plan” (Plan para la jubilación) debe estar marcado si estuvo cubierto. Can you e file an amended 1040x Se aconseja que los ciudadanos en reserva militar y bomberos voluntarios consulten también Situaciones en las Cuales no Está Cubierto por un Plan del Empleador , más adelante. Can you e file an amended 1040x Si no está seguro de si tuvo cobertura bajo el plan para la jubilación ofrecido por su empleador, diríjase a él. Can you e file an amended 1040x Jueces federales. Can you e file an amended 1040x   Para fines de la deducción IRA, los jueces federales están cubiertos por un plan del empleador para la jubilación. Can you e file an amended 1040x ¿Para Qué Año(s) Está Cubierto Usted por un Plan del Empleador? Existen reglas especiales para determinar los años tributarios cubiertos por el plan de su empleador para la jubilación. Can you e file an amended 1040x Dichas reglas difieren según el tipo de plan, es decir, si es un plan de beneficios definidos o de aportaciones definidas. Can you e file an amended 1040x Año tributario. Can you e file an amended 1040x   El año tributario es el período contable anual que utiliza para mantener documentación y declarar ingresos y gastos en la declaración del impuesto sobre el ingreso. Can you e file an amended 1040x En la mayoría de los casos, el año tributario es el año natural. Can you e file an amended 1040x Plan de aportaciones definidas. Can you e file an amended 1040x   Normalmente, está cubierto por un plan de aportaciones definidas para un año tributario si se aportan o asignan fondos a su cuenta para el año de plan que finaliza con dicho año tributario o dentro del mismo. Can you e file an amended 1040x   Un plan de aportaciones definidas es un plan que establece una cuenta distinta para cada persona cubierta bajo dicho plan. Can you e file an amended 1040x Los tipos de planes de aportaciones definidas abarcan planes de participación en las ganancias, planes de bonificación de acciones y planes de pensión por compra de dinero. Can you e file an amended 1040x Plan de beneficios definidos. Can you e file an amended 1040x   Si tiene derecho a participar en el plan de beneficios definidos del empleador para el año del plan que termina dentro de su año tributario, está cubierto por dicho plan. Can you e file an amended 1040x Esta regla es aplicable aun si usted: No optó por participar en el plan, No hizo una aportación obligatoria o No ocupó su puesto durante suficiente tiempo como para tener derecho a beneficio alguno ese año. Can you e file an amended 1040x   Un plan de beneficios definidos es todo plan que no sea un plan de aportaciones definidas. Can you e file an amended 1040x Los planes de beneficios definidos abarcan los planes de pensiones y de anualidad. Can you e file an amended 1040x Sin intereses adquiridos. Can you e file an amended 1040x   Si acumula algún beneficio para el año del plan, sigue con cobertura bajo dicho plan aunque no tenga intereses adquiridos (derecho legal a éste) en el beneficio acumulado conforme a la ley. Can you e file an amended 1040x Situaciones en las Cuales no Está Cubierto por un Plan del Empleador A menos que tenga cobertura bajo otro plan de un empleador, no está cubierto por un plan de un empleador si se encuentra en una de las siguientes situaciones: Seguro Social o jubilación de empleados ferroviarios. Can you e file an amended 1040x   La cobertura que se brinda bajo el Seguro Social o la jubilación de empleados ferroviarios no se considera cobertura bajo un plan del empleador para la jubilación. Can you e file an amended 1040x Beneficios del plan de un empleador anterior. Can you e file an amended 1040x   Si recibe beneficios de jubilación del plan de un empleador anterior, no está cubierto por dicho plan. Can you e file an amended 1040x Ciudadano en reserva militar. Can you e file an amended 1040x   Si la única razón por la cual participa en un plan es que es miembro de una unidad de reserva de las Fuerzas Armadas, es posible que no tenga cobertura bajo dicho plan. Can you e file an amended 1040x No está cubierto por el plan si se cumplen los dos requisitos siguientes: El plan en el que participa ha sido establecido para los empleados participantes por parte de: Los Estados Unidos, Un estado o una subdivisión política de un estado o Un organismo de cualquiera de los puntos (a) o (b) mencionados anteriormente. Can you e file an amended 1040x No prestó servicio activo por un período de más de 90 días durante el año (sin contar servicios prestados en períodos de adiestramiento). Can you e file an amended 1040x Bomberos voluntarios. Can you e file an amended 1040x   Si el único motivo por el cual participa en un plan es que es bombero voluntario, tal vez no esté cubierto por dicho plan. Can you e file an amended 1040x No está cubierto por el plan si se cumplen los dos requisitos siguientes: El plan en el que participa ha sido establecido para los empleados participantes por parte de: Los Estados Unidos, Un estado o una subdivisión política de un estado o Un organismo de cualquiera de los puntos (a) o (b) mencionados anteriormente. Can you e file an amended 1040x Los beneficios de jubilación acumulados al comenzar el año no le darán más de $1,800 al año cuando se jubile. Can you e file an amended 1040x Límite si se Tiene Cobertura bajo un Plan del Empleador Si usted o su cónyuge estuvo cubierto por un plan de jubilación ofrecido por su empleador, puede ser que sólo tenga derecho a una deducción parcial (reducida) o que no le corresponda ninguna, según sus ingresos y estado civil para efectos de la declaración. Can you e file an amended 1040x La deducción empieza a reducirse paulatinamente cuando sus ingresos sobrepasen cierta cantidad y se elimina completamente cuando alcancen una cantidad aún mayor. Can you e file an amended 1040x Dichas cantidades varían según su estado civil para efectos de la declaración. Can you e file an amended 1040x Para saber si su deducción está sujeta a la eliminación paulatina (reducción progresiva), debe determinar sus ingresos brutos ajustados modificados y estado civil para efectos de la declaración. Can you e file an amended 1040x Vea Estado civil para efectos de la declaración e Ingresos brutos ajustados modificados (MAGI, por sus siglas en inglés) , más adelante. Can you e file an amended 1040x Entonces utilice la Tabla 17-1 ó 17-2 para determinar si corresponde la reducción paulatina. Can you e file an amended 1040x Destinatarios de beneficios del Seguro Social. Can you e file an amended 1040x   En vez de utilizar la Tabla 17-1 ó 17-2, utilice las hojas de trabajo del Apéndice B de la Publicación 590 si, para el año, se dan todas las siguientes situaciones: Recibió beneficios del Seguro Social. Can you e file an amended 1040x Recibió remuneración tributable. Can you e file an amended 1040x Se hicieron aportaciones a un arreglo IRA tradicional. Can you e file an amended 1040x Usted o su cónyuge estuvo cubierto por un plan del empleador para la jubilación. Can you e file an amended 1040x Utilice esas hojas de trabajo para calcular su deducción IRA, su aportación no deducible y, si corresponde, la parte sujeta a impuestos de los beneficios del Seguro Social que haya recibido. Can you e file an amended 1040x Reducción paulatina de la deducción. Can you e file an amended 1040x   Si tuvo cobertura bajo un plan de jubilación ofrecida por su empleador y no recibió beneficios del Seguro Social, la deducción IRA se podría reducir o eliminar dependiendo de su estado civil para efectos de la declaración e ingresos brutos ajustados modificados, tal como se explica en la Tabla 17-1. Can you e file an amended 1040x Tabla 17-1. Can you e file an amended 1040x Efecto de los Ingresos Brutos Ajustados Modificados1 sobre la Deducción si Tiene Cobertura bajo un Plan para la Jubilación en el Trabajo Si está cubierto por un plan de jubilación en el trabajo, utilice esta tabla para determinar si sus ingresos brutos ajustados modificados repercuten en la cantidad de su deducción. Can you e file an amended 1040x SI su estado civil para efectos de la declaración es. Can you e file an amended 1040x . Can you e file an amended 1040x . Can you e file an amended 1040x   Y tiene ingresos brutos ajustados modificados de. Can you e file an amended 1040x . Can you e file an amended 1040x . Can you e file an amended 1040x   ENTONCES puede declarar. Can you e file an amended 1040x . Can you e file an amended 1040x . Can you e file an amended 1040x soltero   o   cabeza de familia   $59,000 o menos   una deducción completa. Can you e file an amended 1040x   más de $59,000 pero menos de $69,000   una deducción parcial. Can you e file an amended 1040x   $69,000 o más   ninguna deducción. Can you e file an amended 1040x casado que presenta la declaración conjunta    o  viudo que reúne los requisitos   $95,000 o menos   una deducción completa. Can you e file an amended 1040x   más de $95,000 pero menos de $115,000   una deducción parcial. Can you e file an amended 1040x   $115,000 o más   ninguna deducción. Can you e file an amended 1040x casado que presenta la declaración por separado2   menos de $10,000   una deducción parcial. Can you e file an amended 1040x   $10,000 o más   ninguna deducción. Can you e file an amended 1040x 1Ingresos brutos ajustados modificados. Can you e file an amended 1040x Vea Ingresos brutos ajustados modificados (MAGI, por sus siglas en inglés) . Can you e file an amended 1040x 2Si no vivió con su cónyuge en ningún momento durante el año, su estado civil para efectos de la declaración se considera soltero para estos fines (por lo tanto, su deducción IRA se determina utilizando la columna “Soltero”). Can you e file an amended 1040x Si su cónyuge tiene cobertura. Can you e file an amended 1040x   Si usted no tuvo cobertura bajo un plan de jubilación ofrecida por su empleador pero su cónyuge sí la tuvo, y no recibió beneficios del Seguro Social, la deducción IRA se podría reducir o eliminar dependiendo de su estado civil para efectos de la declaración e ingresos brutos ajustados modificados, tal como se explica en la Tabla 17-2. Can you e file an amended 1040x Tabla 17-2. Can you e file an amended 1040x Efecto de los Ingresos Brutos Ajustados Modificados1 sobre la Deducción si NO Tiene Cobertura bajo un Plan para la Jubilación en el Trabajo Si no tiene cobertura de un plan de jubilación en el trabajo, utilice esta tabla para determinar si sus ingresos brutos ajustados modificados repercuten en la cantidad de su deducción. Can you e file an amended 1040x SI su estado civil para efectos de la declaración es. Can you e file an amended 1040x . Can you e file an amended 1040x . Can you e file an amended 1040x   Y tiene ingresos brutos ajustados modificados de. Can you e file an amended 1040x . Can you e file an amended 1040x . Can you e file an amended 1040x   ENTONCES puede declarar. Can you e file an amended 1040x . Can you e file an amended 1040x . Can you e file an amended 1040x soltero,cabeza de familia o viudo que reúne los requisitos   cualquier cantidad   una deducción completa. Can you e file an amended 1040x casado que presenta la declaración conjunta o por separado con un cónyuge que no tenga cobertura bajo un plan en el trabajo   cualquier cantidad   una deducción completa. Can you e file an amended 1040x casado que presenta la declaración conjunta con un cónyuge que tenga cobertura bajo un plan en el trabajo   $178,000 o menos   una deducción completa. Can you e file an amended 1040x   más de $178,000 pero menos de $188,000   una deducción parcial. Can you e file an amended 1040x   $188,000 o más   ninguna deducción. Can you e file an amended 1040x casado que presenta la declaración por separado con un cónyuge que tenga cobertura bajo un plan en el trabajo2   menos de $10,000   una deducción parcial. Can you e file an amended 1040x   $10,000 o más   ninguna deducción. Can you e file an amended 1040x 1Ingresos brutos ajustados modificados. Can you e file an amended 1040x Vea Ingresos brutos ajustados modificados (MAGI, por sus siglas en inglés) . Can you e file an amended 1040x 2Tiene derecho a la deducción completa si no vivió con su cónyuge en ningún momento durante el año. Can you e file an amended 1040x Estado civil para efectos de la declaración. Can you e file an amended 1040x   Su estado civil es lo que determina principalmente cuál será su estado civil para efectos de la declaración. Can you e file an amended 1040x Para este fin, necesita saber si su estado civil para efectos de la declaración es soltero o cabeza de familia, casado que presenta la declaración conjunta o viudo que reúne los requisitos o casado que presenta la declaración por separado. Can you e file an amended 1040x Si necesita más información sobre el estado civil para efectos de la declaración, vea el capítulo 2. Can you e file an amended 1040x Si vivió aparte de su cónyuge. Can you e file an amended 1040x   Si no vivió con su cónyuge en ningún momento durante el año y presenta una declaración por separado, su estado civil para efectos de la declaración, para este propósito, es soltero. Can you e file an amended 1040x Ingresos brutos ajustados modificados (MAGI, por sus siglas en inglés). Can you e file an amended 1040x   El método que usted utilice para calcular los ingresos brutos ajustados modificados depende de si presenta el Formulario 1040 o el Formulario 1040A. Can you e file an amended 1040x Si hizo aportaciones a su arreglo IRA para 2013 y recibió una distribución de la misma en 2013, vea la Publicación 590, en inglés. Can you e file an amended 1040x Usted quizás podría usar la Hoja de Trabajo 17-1 para calcular su ingreso bruto ajustado modificado (MAGI, por sus siglas en inglés). Can you e file an amended 1040x    No suponga que sus ingresos brutos ajustados modificados son iguales a su remuneración. Can you e file an amended 1040x Los ingresos brutos ajustados modificados pueden incluir ingresos además de la remuneración (explicado anteriormente), como intereses, dividendos e ingresos de distribuciones de arreglos IRA. Can you e file an amended 1040x Formulario 1040. Can you e file an amended 1040x   Si presenta el Formulario 1040, vuelva a calcular la cantidad en la línea para “ingresos brutos ajustados” de la página 1 sin tener en cuenta ninguna de las ocho siguientes cantidades: Deducción de un arreglo de ahorros para la jubilación (IRA, por sus siglas en inglés). Can you e file an amended 1040x Deducción de intereses sobre un préstamo de estudios. Can you e file an amended 1040x Deducción del costo de matrícula y cuotas escolares. Can you e file an amended 1040x Deducción por actividades de producción nacional. Can you e file an amended 1040x Exclusión de ingresos ganados de fuentes en el extranjero. Can you e file an amended 1040x Exclusión o deducción de asignaciones por concepto de vivienda en el extranjero. Can you e file an amended 1040x Exclusión de intereses de bonos de ahorros calificados anotada en el Formulario 8815, Exclusion of Interest From Series EE and I U. Can you e file an amended 1040x S. Can you e file an amended 1040x Savings Bonds Issued After 1989 (Exclusión de intereses recibidos de bonos de ahorros de EE. Can you e file an amended 1040x UU. Can you e file an amended 1040x de la Serie EE e I emitidos después de 1989), en inglés. Can you e file an amended 1040x Exclusión de beneficios por adopción proporcionados por el empleador anotada en el Formulario 8839, Qualified Adoption Expenses (Gastos de adopción calificados), en inglés. Can you e file an amended 1040x Éstos son sus ingresos brutos ajustados modificados. Can you e file an amended 1040x Formulario 1040A. Can you e file an amended 1040x   Si presenta el Formulario 1040A, vuelva a calcular la cantidad en la línea para “ingresos brutos ajustados” de la página 1 sin tener en cuenta ninguna de las siguientes cantidades: Deducción de un arreglo de ahorros para la jubilación (IRA, por sus siglas en inglés). Can you e file an amended 1040x Deducción de intereses sobre un préstamo de estudios. Can you e file an amended 1040x Deducción del costo de matrícula y cuotas escolares. Can you e file an amended 1040x Exclusión de intereses de bonos de ahorros calificados anotada en el Formulario 8815, en inglés. Can you e file an amended 1040x Éstos son sus ingresos brutos ajustados modificados. Can you e file an amended 1040x Aportaciones para 2013 y distribuciones en 2013. Can you e file an amended 1040x   Una parte de toda distribución de un arreglo IRA que haya recibido en 2013 podría estar exenta de impuestos y otra parte sujeta a impuestos si se dan las tres situaciones siguientes: Recibió distribuciones en 2013 de uno o más arreglos IRA tradicionales. Can you e file an amended 1040x Hizo aportaciones a un arreglo IRA tradicional para 2013. Can you e file an amended 1040x Algunas de estas aportaciones podrían ser aportaciones no deducibles. Can you e file an amended 1040x Si esta situación le corresponde, tiene que calcular la parte tributable de la distribución del arreglo IRA tradicional antes de calcular los ingresos brutos ajustados modificados. Can you e file an amended 1040x Para esto, puede utilizar la Hoja de Trabajo 1-5, Figuring the Taxable Part of Your IRA Distribution (Cómo calcular la parte tributable de la distribución de un arreglo IRA), en la Publicación 590, en inglés. Can you e file an amended 1040x   Si no le corresponde por lo menos una de las situaciones anteriores, calcule los ingresos brutos ajustados modificados utilizando la Hoja de Trabajo 17-1, más adelante. Can you e file an amended 1040x Cómo calcular la deducción IRA reducida. Can you e file an amended 1040x   Puede calcular la deducción IRA reducida para el Formulario 1040 o el Formulario 1040A utilizando las hojas de trabajo del capítulo 1 de la Publicación 590, en inglés. Can you e file an amended 1040x Además, las instrucciones para el Formulario 1040 y el Formulario 1040A incluyen hojas de trabajo similares que podría utilizar en su lugar. Can you e file an amended 1040x Cómo Declarar Aportaciones Deducibles Si presenta el Formulario 1040, anote la deducción por el IRA en la línea 32 de dicho formulario. Can you e file an amended 1040x Si presenta el Formulario 1040A, anote la deducción IRA en la línea 17. Can you e file an amended 1040x No puede deducir aportaciones hechas a un arreglo IRA utilizando el Formulario 1040EZ. Can you e file an amended 1040x Hoja de Trabajo 17-1. Can you e file an amended 1040x Cómo Calcular los Ingresos Brutos Ajustados Modificados Utilice esta hoja de trabajo para calcular los ingresos brutos ajustados modificados si tiene un arreglo IRA tradicional. Can you e file an amended 1040x 1. Can you e file an amended 1040x Anote los ingresos brutos ajustados (AGI, por sus siglas en inglés) de la línea 38 del Formulario 1040 o de la línea 22 del Formulario 1040A, sin tomar en cuenta la cantidad de la línea 32 del Formulario 1040 o la línea 17 del Formulario 1040A 1. Can you e file an amended 1040x   2. Can you e file an amended 1040x Anote toda deducción por intereses sobre un préstamo de estudios de la línea 33 del Formulario 1040 o de la línea 18 del Formulario 1040A 2. Can you e file an amended 1040x   3. Can you e file an amended 1040x Anote toda deducción del costo de matrícula y cuotas escolares de la línea 34 del Formulario 1040 o de la línea 19 del Formulario 1040A 3. Can you e file an amended 1040x   4. Can you e file an amended 1040x Anote toda deducción por actividades de producción nacionales de la línea 35 del Formulario 1040 4. Can you e file an amended 1040x   5. Can you e file an amended 1040x Anote toda exclusión de ingresos devengados en el extranjero o por concepto de la exclusión por vivienda en el extranjero de la línea 45 del Formulario 2555 o de la línea 18 del Formulario 2555-EZ 5. Can you e file an amended 1040x   6. Can you e file an amended 1040x Anote toda deducción por concepto de vivienda en el extranjero de la línea 50 del Formulario 2555 6. Can you e file an amended 1040x   7. Can you e file an amended 1040x Anote todos los intereses de bonos de ahorros estadounidenses que se puedan excluir provenientes de la línea 14 del Formulario 8815 7. Can you e file an amended 1040x   8. Can you e file an amended 1040x Anote toda prestación por adopción proporcionada por el empleador que haya sido excluida proveniente de la línea 28 del Formulario 8839 8. Can you e file an amended 1040x   9. Can you e file an amended 1040x Sume las líneas 1 a 8. Can you e file an amended 1040x Éstos son sus Ingresos brutos ajustados modificados para propósitos de un arreglo IRA tradicional 9. Can you e file an amended 1040x   Aportaciones no Deducibles Aunque la deducción por aportaciones a un arreglo IRA se podría reducir o eliminar, se pueden hacer aportaciones a un arreglo IRA hasta el límite general o, si le corresponde, hasta el límite de aportaciones a arreglos Kay Bailey Hutchison IRA para cónyuges. Can you e file an amended 1040x La diferencia entre el total de las aportaciones permitidas y la deducción IRA, si la hay, es la aportación no deducible. Can you e file an amended 1040x Ejemplo. Can you e file an amended 1040x Miguel tiene 28 años de edad y es soltero. Can you e file an amended 1040x En 2013, estuvo cubierto por un plan de jubilación en el trabajo. Can you e file an amended 1040x Recibió un sueldo de $57,312. Can you e file an amended 1040x Tuvo ingresos brutos ajustados modificados de $70,000. Can you e file an amended 1040x Para 2013, Miguel aportó $5,500 a su arreglo IRA. Can you e file an amended 1040x Como estuvo cubierto por un plan de jubilación y tuvo ingresos brutos ajustados modificados superiores a $69,000, no puede deducir la aportación de $5,500 a su arreglo IRA. Can you e file an amended 1040x Tiene que designar esta aportación como aportación no deducible al declararla en el Formulario 8606, como se explica a continuación. Can you e file an amended 1040x Formulario 8606. Can you e file an amended 1040x   Para declarar aportaciones como no deducibles, tiene que presentar el Formulario 8606, en inglés. Can you e file an amended 1040x   No tiene que declarar una aportación como no deducible antes de presentar la declaración de impuestos. Can you e file an amended 1040x Cuando presente la declaración, puede incluso declarar como no deducibles aportaciones que en otros casos se puedan deducir. Can you e file an amended 1040x   Tiene que presentar el Formulario 8606 para declarar aportaciones no deducibles aun si no tiene que presentar una declaración de impuestos para el año. Can you e file an amended 1040x No se presenta un Formulario 8606 correspondiente al año en el que reinvierta en un arreglo IRA tradicional activos provenientes de un plan de jubilación calificado y dicha reinversión incluya cantidades no sujetas a impuestos. Can you e file an amended 1040x En tal caso, se completa un Formulario 8606 correspondiente al año en el que reciba una distribución de aquel arreglo IRA. Can you e file an amended 1040x Vea Formulario 8606, bajo Distribuciones Tributables en Parte o en su Totalidad, más adelante. Can you e file an amended 1040x Incumplimiento en la declaración de aportaciones no deducibles. Can you e file an amended 1040x   Si no declara aportaciones no deducibles, todas las aportaciones hechas a su arreglo IRA tradicional se considerarán deducibles cuando se retiren. Can you e file an amended 1040x Toda distribución de su arreglo IRA está sujeta a impuestos a no ser que pueda demostrar, con pruebas suficientes, que se realizaron aportaciones no deducibles. Can you e file an amended 1040x Multa por declarar aportaciones en exceso. Can you e file an amended 1040x   Si declara un exceso de aportaciones no deducibles en el Formulario 8606 para cualquier año tributario, tiene que pagar una multa de $100 por cada caso de declaración en exceso, a menos que exista una causa razonable. Can you e file an amended 1040x Multa por no presentar el Formulario 8606. Can you e file an amended 1040x   Tendrá que pagar una multa de $50 si no presenta el Formulario 8606 obligatorio, a menos que pueda demostrar que existe una causa razonable. Can you e file an amended 1040x Impuestos sobre ganancias derivadas de aportaciones no deducibles. Can you e file an amended 1040x   No se les gravarán impuestos a las ganancias procedentes de aportaciones (deducibles o no deducibles) hasta que se distribuyan, siempre y cuando dichas aportaciones estén dentro de los límites correspondientes. Can you e file an amended 1040x Vea ¿Cuándo Puede Retirar o Utilizar Activos de un Arreglo IRA? , más adelante. Can you e file an amended 1040x Base de costos. Can you e file an amended 1040x   Tendrá una base de costos en su arreglo IRA tradicional si hizo alguna aportación no deducible. Can you e file an amended 1040x La base de costos es la suma de las aportaciones no deducibles hechas a un arreglo IRA menos todo retiro o distribución de aportaciones no deducibles. Can you e file an amended 1040x Arreglos IRA Heredados Si hereda un arreglo IRA tradicional, se le considera beneficiario. Can you e file an amended 1040x Un beneficiario puede ser toda persona o entidad elegida por el dueño del arreglo IRA para recibir los beneficios del mismo después de su fallecimiento. Can you e file an amended 1040x Los beneficiarios de un arreglo IRA tradicional tienen que incluir en los ingresos brutos toda distribución sujeta a impuestos que reciban. Can you e file an amended 1040x Arreglo heredado del cónyuge. Can you e file an amended 1040x   Si hereda un arreglo IRA tradicional de su cónyuge, normalmente cuenta con las tres opciones siguientes: Tratarlo como si fuera el arreglo IRA de usted al designarse como el dueño del arreglo. Can you e file an amended 1040x Tratarlo como si fuera suyo al reinvertirlo en el arreglo IRA tradicional de usted o, en la medida en la que esté sujeto a impuestos, en: Un plan del empleador calificado, Un plan de anualidad del empleado calificado (plan conforme a la sección 403(a)), Un plan de anualidad que goza de refugio tributario (plan conforme a la sección 403(b)), Un plan de remuneración diferida del gobierno estatal o local (plan conforme a la sección 457). Can you e file an amended 1040x Considerarse el beneficiario en vez de tratar el arreglo IRA como si fuera suyo. Can you e file an amended 1040x Si trata el arreglo como si fuera suyo. Can you e file an amended 1040x   Se considerará que usted ha optado por tratar el arreglo IRA como si fuera suyo si: Se realizan aportaciones (inclusive aportaciones de reinversión) al arreglo IRA heredado o No recibe la distribución mínima obligatoria para un año como beneficiario del arreglo IRA. Can you e file an amended 1040x Siempre se considerará que usted ha optado por tratar el arreglo IRA como si fuera suyo si: Es el único beneficiario del arreglo IRA y Tiene el derecho ilimitado de retirar fondos del mismo. Can you e file an amended 1040x No obstante, si recibe una distribución del arreglo IRA de su cónyuge fallecido, puede reinvertir dicha distribución en el arreglo IRA de usted dentro del límite de 60 días, siempre que la distribución no sea distribución obligatoria, aunque usted no sea el único beneficiario del arreglo IRA de su cónyuge fallecido. Can you e file an amended 1040x Arreglo heredado de una persona que no sea el cónyuge. Can you e file an amended 1040x   Si hereda un arreglo IRA tradicional de cualquier persona que no sea su cónyuge fallecido, no puede tratar el arreglo IRA heredado como si fuera suyo. Can you e file an amended 1040x Esto significa que no puede hacer aportaciones al arreglo IRA. Can you e file an amended 1040x Además, significa que no puede reinvertir fondos de otro arreglo en el arreglo IRA heredado ni sacar fondos del mismo para reinvertirlos en otro arreglo IRA. Can you e file an amended 1040x No obstante, puede efectuar un traspaso de fideicomisario a fideicomisario siempre y cuando el arreglo IRA al cual se traspasan los fondos haya sido establecido y mantenido en nombre del dueño fallecido del arreglo IRA teniéndolo a usted como beneficiario. Can you e file an amended 1040x Para más información, vea el tema sobre Arreglos IRA heredados , bajo Reinversión de un Arreglo IRA en Otro, más adelante. Can you e file an amended 1040x ¿Puede Traspasar Activos de un Plan de Jubilación? Puede traspasar activos (cantidades monetarias o propiedad) de otros planes de jubilación (inclusive los arreglos IRA tradicionales) a un arreglo IRA tradicional, sin que dichos activos estén sujetos a impuestos. Can you e file an amended 1040x Se permiten traspasos como se indica a continuación: Traspasos de un fideicomisario a otro. Can you e file an amended 1040x Reinversiones. Can you e file an amended 1040x Traspasos a raíz de un divorcio. Can you e file an amended 1040x Traspasos a un arreglo Roth IRA. Can you e file an amended 1040x   En ciertas circunstancias, puede traspasar activos de un arreglo IRA tradicional o arreglo designado Roth IRA a un arreglo Roth IRA. Can you e file an amended 1040x También puede trasladar activos de un plan de jubilación calificados a un arreglo Roth IRA. Can you e file an amended 1040x Vea ¿Se Pueden Trasladar Activos a un Arreglo Roth IRA? bajo Arreglos Roth IRA , más adelante. Can you e file an amended 1040x Traspaso de Fideicomisario a Fideicomisario Un traspaso de fondos en un arreglo IRA tradicional directamente de un fideicomisario a otro, ya sea a petición suya o de dicho fideicomisario, no se considera una reinversión. Can you e file an amended 1040x Como usted no recibe distribución alguna, el traspaso está exento de impuestos. Can you e file an amended 1040x Ya que no es una reinversión, no se ve afectada por el período de espera de 1 año obligatorio entre las reinversiones, el cual se explica más adelante bajo Reinversión de un Arreglo IRA en Otro . Can you e file an amended 1040x Para información acerca de los traspasos directos a arreglos IRA desde planes de jubilación que no sean arreglos IRA, vea el tema titulado Can You Move Retirement Plan Assets? (¿Puede traspasar activos de un plan de jubilación?), en el capítulo 1, y el tema Can You Move Amounts Into a Roth IRA? (¿Puede traspasar activos a un arreglo Roth IRA?), en el capítulo 2 de la Publicación 590, en inglés. Can you e file an amended 1040x Reinversiones Normalmente, una reinversión es una distribución exenta de impuestos que consta de fondos en efectivo u otros activos provenientes de un plan de jubilación que usted reinvierte en otro plan de jubilación. Can you e file an amended 1040x La aportación al segundo plan de jubilación se llama “aportación de reinversión”. Can you e file an amended 1040x Nota: Una cantidad de fondos reinvertida exenta de impuestos de un plan de jubilación en otro suele incluirse en los ingresos cuando se distribuye del segundo plan. Can you e file an amended 1040x Tipos de reinversiones a un arreglo IRA tradicional. Can you e file an amended 1040x   Puede reinvertir fondos de los siguientes planes en un arreglo IRA tradicional: Un arreglo IRA tradicional, Un plan de jubilación calificado ofrecido a los empleados por su empleador, Un plan de remuneración diferida del gobierno estatal o local (plan conforme a la sección 457) o Un plan de anualidad que goza de refugio tributario (plan conforme a la sección 403(b)). Can you e file an amended 1040x Cómo declarar reinversiones. Can you e file an amended 1040x   No puede deducir una aportación de reinversión, pero tiene que declararla en la declaración de impuestos según se explica más adelante bajo Cómo declarar las reinversiones de arreglos IRA y bajo Cómo declarar las reinversiones de planes del empleador . Can you e file an amended 1040x Tipos de reinversiones de un arreglo IRA tradicional. Can you e file an amended 1040x   Tal vez pueda reinvertir en un plan calificado, exento de impuestos, una distribución de su arreglo IRA tradicional. Can you e file an amended 1040x Estos planes abarcan el Thrift Savings Fund (Fondo de Economía de Ahorros) (para empleados federales), planes de compensación diferida estatales o locales (planes conforme a la sección 457) y plan de anualidad que goza de refugio tributario (plan conforme a la sección 403(b)). Can you e file an amended 1040x La parte de la distribución que se puede reinvertir es la parte que de otra manera estaría sujeta a impuestos (se incluiría en sus ingresos). Can you e file an amended 1040x Los planes calificados pueden aceptar reinversiones de esta índole aunque no están obligados a hacerlo. Can you e file an amended 1040x Plazo para hacer aportaciones de reinversión. Can you e file an amended 1040x   Normalmente debe hacer la reinversión a más tardar el sexagésimo (60) día que sigue al día en el que reciba la distribución de su arreglo IRA tradicional o del plan de su empleador. Can you e file an amended 1040x El IRS puede eximirlo del requisito de 60 días si la aplicación de dicho requisito estuviese en contra de la equidad o de la buena conciencia, como en el caso de un hecho fortuito, desastre u otro evento razonablemente fuera de su control. Can you e file an amended 1040x Para más información, vea el tema titulado Can You Move Retirement Plan Assets? (¿Puede traspasar activos de un plan de jubilación?), en el capítulo 1 de la Publicación 590, en inglés. Can you e file an amended 1040x Prórroga del plazo para hacer reinversiones. Can you e file an amended 1040x   Si una cantidad de fondos que se le haya distribuido de un arreglo IRA tradicional o un plan del empleador para la jubilación que reúna los requisitos resulta ser depósito bloqueado en algún momento del plazo de 60 días permitido para reinversiones, existen reglas especiales que prorrogan el plazo para hacer reinversiones. Can you e file an amended 1040x Para más información, vea el tema titulado Can You Move Retirement Plan Assets? (¿Puede traspasar activos de un plan de jubilación?), en el capítulo 1 de la Publicación 590, en inglés. Can you e file an amended 1040x Información adicional. Can you e file an amended 1040x   Para información adicional sobre las reinversiones, vea el tema titulado Can You Move Retirement Plan Assets? (¿Puede traspasar activos de un plan de jubilación?), en el capítulo 1 de la Publicación 590, en inglés. Can you e file an amended 1040x Reinversión de un Arreglo IRA en Otro Puede retirar, exenta de impuestos, la totalidad o parte de los activos de un arreglo IRA tradicional si los reinvierte en el mismo u otro arreglo IRA tradicional dentro de 60 días. Can you e file an amended 1040x Como se trata de una reinversión, no puede deducir la cantidad de activos que reinvierta en un arreglo IRA. Can you e file an amended 1040x Período de espera entre reinversiones. Can you e file an amended 1040x   Normalmente, si reinvierte libre de impuestos parte alguna de una distribución de un arreglo IRA tradicional, no puede reinvertir libre de impuestos ninguna distribución posterior de dicho arreglo IRA dentro del plazo de 1 año. Can you e file an amended 1040x Tampoco puede reinvertir libre de impuestos cantidad alguna que se haya distribuido, dentro del mismo período de 1 año, del arreglo IRA en el que reinvirtió la cantidad libre de impuestos. Can you e file an amended 1040x   El plazo de 1 año comienza en la fecha en la que reciba la distribución del arreglo IRA. Can you e file an amended 1040x No comienza en la fecha en la que reinvierta dicha distribución en un arreglo IRA. Can you e file an amended 1040x Ejemplo. Can you e file an amended 1040x Tiene dos arreglos IRA tradicionales, IRA-1 e IRA-2. Can you e file an amended 1040x Reinvierte libre de impuestos una distribución del arreglo IRA-1 en un nuevo arreglo IRA tradicional, el arreglo IRA-3. Can you e file an amended 1040x No puede reinvertir libre de impuestos distribución alguna de los arreglos IRA-1 o IRA-3 en otro arreglo IRA tradicional dentro del plazo de 1 año de haber realizado la distribución del arreglo IRA-1. Can you e file an amended 1040x No obstante, la reinversión del arreglo IRA-1 en el arreglo IRA-3 no impide que haga una reinversión exenta de impuestos del arreglo IRA-2 en cualquier otro arreglo IRA tradicional. Can you e file an amended 1040x Esto se debe a que no ha reinvertido libre de impuestos, dentro del año pasado, distribución alguna del arreglo IRA-2 ni ha hecho una reinversión exenta de impuestos en dicho arreglo. Can you e file an amended 1040x Excepción. Can you e file an amended 1040x   Hay una excepción a la regla para distribuciones de una institución financiera fracasada, vea el tema titulado Rollover From One IRA Into Another (Reinversión de un arreglo IRA en otro), bajo Can You Move Retirement Plan Assets? (¿Puede traspasar activos de un plan de jubilación?), en el capítulo 1 de la Publicación 590, en inglés. Can you e file an amended 1040x Reinversiones parciales. Can you e file an amended 1040x   Si retira activos de un arreglo IRA tradicional, puede reinvertir libre de impuestos una parte de los activos retirados para quedarse con el resto. Can you e file an amended 1040x La cantidad con la que se queda suele estar sujeta a impuestos (salvo la parte de esta cantidad que represente una devolución de aportaciones no deducibles). Can you e file an amended 1040x La cantidad con la que se queda podría estar sujeta al impuesto adicional del 10% sobre distribuciones prematuras, explicadas más adelante bajo ¿Qué Acciones Dan Lugar a Multas o Impuestos Adicionales? . Can you e file an amended 1040x Distribuciones obligatorias. Can you e file an amended 1040x   Las cantidades que se tengan que distribuir en un año particular conforme a las reglas de distribuciones obligatorias (explicadas más adelante) no cumplen los requisitos para ser consideradas reinversiones. Can you e file an amended 1040x Arreglos IRA heredados. Can you e file an amended 1040x   Si hereda un arreglo IRA tradicional de su cónyuge, normalmente lo puede reinvertir o puede optar por hacerse dueño del mismo. Can you e file an amended 1040x Vea Si trata el arreglo como si fuera suyo , anteriormente. Can you e file an amended 1040x Arreglo no heredado del cónyuge. Can you e file an amended 1040x   Si hereda un arreglo IRA tradicional de una persona que no sea su cónyuge, no lo puede reinvertir ni dejar que éste reciba una reinversión. Can you e file an amended 1040x Tiene que retirar los activos del arreglo IRA dentro de un plazo determinado. Can you e file an amended 1040x Para más información, vea el tema titulado When Must You Withdraw Assets? (¿Cuándo tiene que retirar activos?), en el capítulo 1 de la Publicación 590, en inglés. Can you e file an amended 1040x Cómo declarar las reinversiones de arreglos IRA. Can you e file an amended 1040x   Declare toda reinversión de un arreglo IRA tradicional en el mismo arreglo IRA u otro arreglo IRA tradicional en las líneas 15a y 15b del Formulario 1040 o en las líneas 11a y 11b del Formulario 1040A como se indica. Can you e file an amended 1040x   Anote la cantidad total de la distribución en la línea 15a del Formulario 1040 o en la línea 11a del Formulario 1040A. Can you e file an amended 1040x Si la cantidad total de la línea 15a del Formulario 1040 o de la línea 11a del Formulario 1040A se reinvirtió, anote cero en la línea 15b del Formulario 1040 o en la línea 11b del Formulario 1040A. Can you e file an amended 1040x Si el total de la distribución no se reinvirtió, anote en la línea 15b del Formulario 1040 o en la línea 11b del Formulario 1040A la parte no reinvertida sujeta a impuestos. Can you e file an amended 1040x Escriba “Rollover” (Reinversión) directamente al lado de la línea 15b del Formulario 1040 o de la línea 11b del Formulario 1040A. Can you e file an amended 1040x Vea las instrucciones correspondientes a su declaración de impuestos. Can you e file an amended 1040x   Si reinvirtió la distribución en un plan calificado (a excepción de un arreglo IRA) o efectúa la reinversión en 2014, incluya una declaración escrita que explique la transacción. Can you e file an amended 1040x Reinversión del Plan del Empleador en un Arreglo IRA Puede reinvertir en un arreglo IRA tradicional la totalidad o parte de una distribución con derecho a reinversión que haya recibido de los siguientes planes, con tal de que dichos planes le pertenezcan a usted (o su cónyuge fallecido): Pensión del empleador que reúna los requisitos, plan de participación de beneficios o plan de participación de acciones, Plan de anualidad, Un plan de anualidad que goza de refugio tributario (plan conforme a la sección 403(b)) o Plan de remuneración diferida del gobierno (plan conforme a la sección 457). Can you e file an amended 1040x Un plan calificado es aquél que cumple las condiciones del Código Federal de Impuestos Internos. Can you e file an amended 1040x Distribución con derecho a reinversión. Can you e file an amended 1040x   Generalmente, una distribución con derecho a reinversión es toda distribución del total, o de parte alguna, del saldo a su favor en un plan de jubilación calificado, salvo lo siguiente: Una distribución mínima obligatoria (se explica más adelante bajo ¿Cuándo Tiene que Retirar Activos de un Arreglo IRA? (Distribuciones Mínimas Obligatorias) ). Can you e file an amended 1040x Distribuciones por situaciones onerosas. Can you e file an amended 1040x Toda serie de distribuciones periódicas sustancialmente iguales pagadas por lo menos una vez al año a lo largo de: Su vida o expectativa de vida, La vida o expectativa de vida de usted y su beneficiario o Un período de 10 años o más. Can you e file an amended 1040x Distribuciones correctivas de aportaciones en exceso o aplazamientos en exceso y todo ingreso asignable al exceso. Can you e file an amended 1040x También se incluyen distribuciones correctivas de adiciones anuales en exceso y toda ganancia asignable a éste. Can you e file an amended 1040x Un préstamo tratado como distribución debido a que no satisface ciertas condiciones ya sea en la fecha en la que se otorgue o posteriormente (como en el caso de incumplimiento de pago), a no ser que los beneficios acumulados del participante se reduzcan (se compensen) para reembolsar el préstamo. Can you e file an amended 1040x Dividendos de valores bursátiles del empleador. Can you e file an amended 1040x El costo de cobertura de seguro de vida. Can you e file an amended 1040x Toda cantidad no sujeta a impuestos reinvertida en su arreglo IRA tradicional forma parte de la base (costo) de sus arreglos IRA. Can you e file an amended 1040x Para recuperar la base después de sacar distribuciones de su arreglo IRA, debe llenar el Formulario 8606 para el año de la distribución. Can you e file an amended 1040x Vea Formulario 8606 bajo Distribuciones Tributables en Parte o en su Totalidad, más adelante. Can you e file an amended 1040x Reinversión por parte de un beneficiario que no sea el cónyuge. Can you e file an amended 1040x   Si un empleado fallecido había establecido una pensión que reúna los requisitos, plan de participación de ganancias o plan de bonificación de acciones, plan de anualidad, plan de anualidad que goce de refugio tributario (conforme a la sección 403(b)) o plan de compensación diferida del gobierno (conforme a la sección 457), y se realiza un traspaso directo de cualquiera de éstos a un arreglo de ahorros para la jubilación (IRA) en donde se ha establecido que se puede recibir la distribución a favor de usted, dichos fondos traspasados se pueden considerar distribución con derecho a reinversión si usted es el beneficiario designado del plan y no es el cónyuge del empleado. Can you e file an amended 1040x El arreglo IRA se considera un arreglo de jubilación legada por el fallecido. Can you e file an amended 1040x Para más información acerca de los arreglos IRA heredados, vea Arreglos IRA Heredados , anteriormente. Can you e file an amended 1040x Cómo declarar las reinversiones de planes del empleador. Can you e file an amended 1040x    Anote el total de la distribución (antes de la retención del impuesto sobre el ingreso u otras deducciones) en la línea 16a del Formulario 1040 o en la línea 12a del Formulario 1040A. Can you e file an amended 1040x Esta cantidad debe aparecer en el recuadro 1 del Formulario 1099-R. Can you e file an amended 1040x De dicha cantidad, reste toda aportación (que suele aparecer en el recuadro 5 del Formulario 1099-R) que estuviese sujeta a impuestos en la fecha de su realización. Can you e file an amended 1040x De este resultado, reste la cantidad que se haya reinvertido ya sea de manera directa o dentro de 60 días de haberse recibido la distribución. Can you e file an amended 1040x Anote la cantidad restante, aunque sea cero, en la línea 16b del Formulario 1040 o en la línea 12b del Formulario 1040A. Can you e file an amended 1040x Además, escriba “Rollover” (Reinversión) directamente al lado de la línea 16b del Formulario 1040 o de la línea 12b del Formulario 1040A. Can you e file an amended 1040x Traspasos a Raíz de un Divorcio Si se le traspasan los intereses en un arreglo IRA tradicional de su cónyuge o ex cónyuge por decreto de divorcio o de manutención por separación o un documento escrito relacionado a tal decreto, los intereses en el arreglo IRA, a partir de la fecha del traspaso, se consideran su propio arreglo IRA. Can you e file an amended 1040x El traspaso está libre de impuestos. Can you e file an amended 1040x Para más información, vea el tema titulado Can You Move Retirement Plan Assets? (¿Puede traspasar activos de un plan de jubilación?), en el capítulo 1 de la Publicación 590, en inglés. Can you e file an amended 1040x Cómo Convertir Cantidades de un Arreglo IRA Tradicional en un Arreglo Roth IRA Conversiones permitidas. Can you e file an amended 1040x   Puede retirar todos los activos de un arreglo IRA tradicional, o una parte de los mismos, y reinvertirlos (dentro de un plazo de 60 días) en un arreglo Roth IRA. Can you e file an amended 1040x El monto retirado y aportado (convertido) al arreglo Roth IRA dentro del plazo acordado se denomina una aportación de conversión. Can you e file an amended 1040x Si se reinvierte correctamente (y dentro del plazo acordado), no corresponderá el impuesto adicional del 10% sobre las distribuciones prematuras. Can you e file an amended 1040x Sin embargo, toda o parte de la aportación que se convierte de su arreglo IRA tradicional se incluye en sus ingresos brutos. Can you e file an amended 1040x Distribuciones obligatorias. Can you e file an amended 1040x   No puede convertir cantidades que se tengan que distribuir de su arreglo IRA tradicional para algún año en particular (inclusive el año natural en el que cumpla 70 años y medio de edad) bajo las reglas de las distribuciones obligatorias (explicadas más adelante). Can you e file an amended 1040x Ingresos. Can you e file an amended 1040x   Tiene que incluir en los ingresos brutos toda distribución de un arreglo IRA tradicional que habría tenido que incluir en los ingresos si no la hubiera convertido a un arreglo Roth IRA. Can you e file an amended 1040x Normalmente, estas cantidades se incluyen en los ingresos en la declaración correspondiente al año