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E File Income Tax Return

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E File Income Tax Return

E file income tax return 2. E file income tax return   Foreclosures and Repossessions Table of Contents Amount realized and ordinary income on a recourse debt. E file income tax return Amount realized on a nonrecourse debt. E file income tax return If you do not make payments you owe on a loan secured by property, the lender may foreclose on the loan or repossess the property. E file income tax return The foreclosure or repossession is treated as a sale from which you may realize gain or loss. E file income tax return This is true even if you voluntarily return the property to the lender. E file income tax return If the outstanding loan balance was more than the FMV of the property and the lender cancels all or part of the remaining loan balance, you also may realize ordinary income from the cancellation of debt. E file income tax return You must report this income on your return unless certain exceptions or exclusions apply. E file income tax return See chapter 1 for more details. E file income tax return Borrower's gain or loss. E file income tax return    You figure and report gain or loss from a foreclosure or repossession in the same way as gain or loss from a sale. E file income tax return The gain is the difference between the amount realized and your adjusted basis in the transferred property (amount realized minus adjusted basis). E file income tax return The loss is the difference between your adjusted basis in the transferred property and the amount realized (adjusted basis minus amount realized). E file income tax return For more information on figuring gain or loss from the sale of property, see Gain or Loss From Sales and Exchanges in Publication 544. E file income tax return You can use Table 1-1 to figure your ordinary income from the cancellation of debt and your gain or loss from a foreclosure or repossession. E file income tax return Amount realized and ordinary income on a recourse debt. E file income tax return    If you are personally liable for the debt, the amount realized on the foreclosure or repossession includes the smaller of: The outstanding debt immediately before the transfer reduced by any amount for which you remain personally liable immediately after the transfer, or The FMV of the transferred property. E file income tax return The amount realized also includes any proceeds you received from the foreclosure sale. E file income tax return If the FMV of the transferred property is less than the total outstanding debt immediately before the transfer reduced by any amount for which you remain personally liable immediately after the transfer, the difference is ordinary income from the cancellation of debt. E file income tax return You must report this income on your return unless certain exceptions or exclusions apply. E file income tax return See chapter 1 for more details. E file income tax return       Example 1. E file income tax return Tara bought a new car for $15,000. E file income tax return She made a $2,000 downpayment and borrowed the remaining $13,000 from the dealer's credit company. E file income tax return Tara is personally liable for the loan (recourse debt) and the car is pledged as security for the loan. E file income tax return On August 1, 2013, the credit company repossessed the car because Tara had stopped making loan payments. E file income tax return The balance due after taking into account the payments Tara made was $10,000. E file income tax return The FMV of the car when it was repossessed was $9,000. E file income tax return On November 15, 2013, the credit company forgave the remaining $1,000 balance on the loan due to insufficient assets. E file income tax return In this case, the amount Tara realizes is $9,000. E file income tax return This is the smaller of: The $10,000 outstanding debt immediately before the repossession reduced by the $1,000 for which she remains personally liable immediately after the repossession ($10,000 − $1,000 = $9,000), or The $9,000 FMV of the car. E file income tax return Tara figures her gain or loss on the repossession by comparing the $9,000 amount realized with her $15,000 adjusted basis. E file income tax return She has a $6,000 nondeductible loss. E file income tax return After the cancellation of the remaining balance on the loan in November, Tara also has ordinary income from cancellation of debt in the amount of $1,000 (the remaining balance on the $10,000 loan after the $9,000 amount satisfied by the FMV of the repossessed car). E file income tax return Tara must report this $1,000 on her return unless one of the exceptions or exclusions described in chapter 1 applies. E file income tax return Example 2. E file income tax return Lili paid $200,000 for her home. E file income tax return She made a $15,000 downpayment and borrowed the remaining $185,000 from a bank. E file income tax return Lili is personally liable for the mortgage loan and the house secures the loan. E file income tax return In 2013, the bank foreclosed on the mortgage because Lili stopped making payments. E file income tax return When the bank foreclosed the mortgage, the balance due was $180,000, the FMV of the house was $170,000, and Lili's adjusted basis was $175,000 due to a casualty loss she had deducted. E file income tax return At the time of the foreclosure, the bank forgave $2,000 of the $10,000 debt in excess of the FMV ($180,000 minus $170,000). E file income tax return She remained personally liable for the $8,000 balance. E file income tax return In this case, Lili has ordinary income from the cancellation of debt in the amount of $2,000. E file income tax return The $2,000 income from the cancellation of debt is figured by subtracting the $170,000 FMV of the house from the $172,000 difference between her total outstanding debt immediately before the transfer of property and the amount for which she remains personally liable immediately after the transfer ($180,000 minus $8,000). E file income tax return She is able to exclude the $2,000 of canceled debt from her income under the qualified principal residence indebtedness rules discussed earlier. E file income tax return Lili must also determine her gain or loss from the foreclosure. E file income tax return In this case, the amount that she realizes is $170,000. E file income tax return This is the smaller of: (a) the $180,000 outstanding debt immediately before the transfer reduced by the $8,000 for which she remains personally liable immediately after the transfer ($180,000 − $8,000 = $172,000) or (b) the $170,000 FMV of the house. E file income tax return Lili figures her gain or loss on the foreclosure by comparing the $170,000 amount realized with her $175,000 adjusted basis. E file income tax return She has a $5,000 nondeductible loss. E file income tax return Table 1-1. E file income tax return Worksheet for Foreclosures and Repossessions Part 1. E file income tax return Complete Part 1 only if you were personally liable for the debt (even if none of the debt was canceled). E file income tax return Otherwise, go to Part 2. E file income tax return 1. E file income tax return Enter the amount of outstanding debt immediately before the transfer of property reduced by any amount for which you remain personally liable immediately after the transfer of property   2. E file income tax return Enter the fair market value of the transferred property   3. E file income tax return Ordinary income from the cancellation of debt upon foreclosure or repossession. E file income tax return * Subtract line 2 from line 1. E file income tax return If less than zero, enter zero. E file income tax return Next, go to Part 2   Part 2. E file income tax return Gain or loss from foreclosure or repossession. E file income tax return   4. E file income tax return Enter the smaller of line 1 or line 2. E file income tax return If you did not complete Part 1 (because you were not personally liable for the debt), enter the amount of outstanding debt immediately before the transfer of property   5. E file income tax return Enter any proceeds you received from the foreclosure sale   6. E file income tax return Add line 4 and line 5   7. E file income tax return Enter the adjusted basis of the transferred property   8. E file income tax return Gain or loss from foreclosure or repossession. E file income tax return Subtract line 7 from line 6   * The income may not be taxable. E file income tax return See chapter 1 for more details. E file income tax return Amount realized on a nonrecourse debt. E file income tax return    If you are not personally liable for repaying the debt secured by the transferred property, the amount you realize includes the full amount of the outstanding debt immediately before the transfer. E file income tax return This is true even if the FMV of the property is less than the outstanding debt immediately before the transfer. E file income tax return Example 1. E file income tax return Tara bought a new car for $15,000. E file income tax return She made a $2,000 downpayment and borrowed the remaining $13,000 from the dealer's credit company. E file income tax return Tara is not personally liable for the loan (nonrecourse), but pledged the new car as security for the loan. E file income tax return On August 1, 2013, the credit company repossessed the car because Tara had stopped making loan payments. E file income tax return The balance due after taking into account the payments Tara made was $10,000. E file income tax return The FMV of the car when it was repossessed was $9,000. E file income tax return The amount Tara realized on the repossession is $10,000. E file income tax return That is the outstanding amount of debt immediately before the repossession, even though the FMV of the car is less than $10,000. E file income tax return Tara figures her gain or loss on the repossession by comparing the $10,000 amount realized with her $15,000 adjusted basis. E file income tax return Tara has a $5,000 nondeductible loss. E file income tax return Example 2. E file income tax return Lili paid $200,000 for her home. E file income tax return She made a $15,000 downpayment and borrowed the remaining $185,000 from a bank. E file income tax return She is not personally liable for the loan, but grants the bank a mortgage. E file income tax return The bank foreclosed on the mortgage because Lili stopped making payments. E file income tax return When the bank foreclosed on the mortgage, the balance due was $180,000, the FMV of the house was $170,000, and Lili's adjusted basis was $175,000 due to a casualty loss she had deducted. E file income tax return The amount Lili realized on the foreclosure is $180,000, the outstanding debt immediately before the foreclosure. E file income tax return She figures her gain or loss by comparing the $180,000 amount realized with her $175,000 adjusted basis. E file income tax return Lili has a $5,000 realized gain. E file income tax return See Publication 523 to figure and report any taxable amount. E file income tax return Forms 1099-A and 1099-C. E file income tax return    A lender who acquires an interest in your property in a foreclosure or repossession should send you Form 1099-A, Acquisition or Abandonment of Secured Property, showing information you need to figure your gain or loss. E file income tax return However, if the lender also cancels part of your debt and must file Form 1099-C, the lender can include the information about the foreclosure or repossession on that form instead of on Form 1099-A. E file income tax return The lender must file Form 1099-C and send you a copy if the amount of debt canceled is $600 or more and the lender is a financial institution, credit union, federal government agency, or any organization that has a significant trade or business of lending money. E file income tax return For foreclosures or repossessions occurring in 2013, these forms should be sent to you by January 31, 2014. E file income tax return Prev  Up  Next   Home   More Online Publications
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U.S. AbilityOne Commission

The AbilityOne Commission creates job opportunities for people who are blind or have other significant disabilities in the manufacture and delivery of products and services to the Federal Government.

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Website: U.S. AbilityOne Commission

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Address: 1421 Jefferson Davis Highway
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Phone Number: (703) 603-7740

Toll-free: (800) 999-5963

The E File Income Tax Return

E file income tax return Index A Abandonment, Abandonment Accounting method Accrual, Accrual Method Cash, Cash Method Change in, Changes in Methods of Accounting Crop, Crop method. E file income tax return Farm inventory, Farm Inventory Accounting periods, Introduction Accrual method of accounting, Accrual Method Additional Medicare Tax withholding, What's New for 2013, Additional Medicare Tax. E file income tax return Adjusted basis for installment sale, Adjusted basis for installment sale purposes. E file income tax return Adjusted basis of assets, Adjusted Basis Agricultural activity codes, Schedule F, Reminders Agricultural program payments, Agricultural Program Payments Agricultural structure, defined, Agricultural structure. E file income tax return Alternative Depreciation System (ADS), Required use of ADS. E file income tax return , ADS election. E file income tax return Amortization Going into business, Business Start-Up Costs Reforestation expenses, Reforestation Costs Section 197 intangibles, Section 197 Intangibles Assessments By conservation district, Assessment by Conservation District Depreciable property, Assessment for Depreciable Property Assistance (see Tax help) Automobiles, depreciation, Limits for passenger automobiles. E file income tax return B Bankruptcy, Bankruptcy. E file income tax return Barter income, Barter income. E file income tax return Basis Adjusted, Adjusted basis. E file income tax return Installment sale, Adjusted basis for installment sale purposes. E file income tax return Involuntary conversion, Basis for depreciation. E file income tax return Like-kind exchange, Basis for depreciation. E file income tax return Partner's basis, Property Distributed From a Partnership or Corporation Replacement property, Basis of replacement property. E file income tax return Shareholder's basis, Property Distributed From a Partnership or Corporation Basis of assets Adjusted basis, Adjusted Basis Allocating to several assets, Allocating the Basis Changed to business use, Property changed from personal to business or rental use. E file income tax return Constructing assets, Constructing assets. E file income tax return Cost, Cost Basis Decreases, Decreases to Basis Depreciation, What Is the Basis for Depreciation? Exchanges Like-kind, Like-Kind Exchanges Nontaxable, Nontaxable Exchanges Partially nontaxable, Partially Nontaxable Exchanges Taxable, Taxable Exchanges Gifts, Property Received as a Gift Increases, Increases to Basis Real property, Real Property Received for services, Property received for services. E file income tax return Uniform capitalization rules, Uniform Capitalization Rules Below-market loans, Below-market loans. E file income tax return Books and records, Importance of Records Breeding fees, Breeding Fees Business income limit, section 179 expense deduction, Business Income Limit Business use of home, Business Use of Your Home C Canceled debt, Cancellation of Debt Capital assets, Capital Assets Capital expenses, Capital Expenses Car expenses, Truck and Car Expenses Cash method of accounting, Cash Method Casualties and thefts Adjustments to basis, Adjustments to basis. E file income tax return Casualty, defined, Casualty. E file income tax return Disaster area losses, Disaster Area Losses Leased property, Leased property. E file income tax return Livestock, Livestock or produce bought for resale. E file income tax return , Raised draft, breeding, dairy, or sporting animals. E file income tax return Reimbursement, Insurance and other reimbursements. E file income tax return Reporting gains and losses, Reporting Gains and Losses Theft, defined, Theft. E file income tax return Change in accounting method, Changes in Methods of Accounting Chickens, purchased, Chickens, seeds, and young plants. E file income tax return Christmas trees, Christmas tree cultivation. E file income tax return , Christmas trees. E file income tax return Club dues, Club dues and membership fees. E file income tax return Comments on publication, Comments and suggestions. E file income tax return Commodity Futures, Hedging (Commodity Futures) Wages, Noncash wages. E file income tax return Commodity Credit Corporation (CCC) Loans, Commodity Credit Corporation (CCC) Loans Market gain, Market Gain Community property, Community property. E file income tax return , Community property. E file income tax return Computer, software, Computer software. E file income tax return Condemnation, Casualties, Thefts, and Condemnations, Condemnation Conservation Cost-sharing exclusion, Conservation Expenses District assessments, Assessment by Conservation District Expenses, Conservation Expenses Plans, Conservation plan. E file income tax return Conservation Reserve Program, Conservation Reserve Program (CRP) payments. E file income tax return Conservation Reserve Program (CRP), Conservation Reserve Program (CRP) Constructing assets, Constructing assets. E file income tax return Constructive receipt of income, Constructive receipt. E file income tax return Contamination, Soil or other environmental contamination. E file income tax return Contract price, Contract price. E file income tax return Converted wetland, Converted Wetland and Highly Erodible Cropland Cooperatives, income from, Income From Cooperatives Cost-sharing exclusion, Cost-Sharing Exclusion (Improvements) Counter-cyclical payments, Direct payments and counter-cyclical payments. E file income tax return , Payments Under the Farm Security and Rural Investment Act of 2002 and Under the Food, Conservation, and Energy Act of 2008 Credits Employment, Employment Credits Fuel tax, Fuel tax credit and refund. E file income tax return , How To Claim a Credit or Refund, Claiming a Credit Social security and Medicare, Earning credits in 2013. E file income tax return Social security coverage, How to become insured under social security. E file income tax return State unemployment tax, Tax rate and credit. E file income tax return Crew leaders, Crew Leaders Crop Destroyed, Standing crop destroyed by casualty. E file income tax return Insurance proceeds, Crop Insurance and Crop Disaster Payments Method of accounting, Crop method. E file income tax return Shares, Rents (Including Crop Shares) Unharvested, Cost of raising unharvested crops. E file income tax return , Section 1231 transactions. E file income tax return , Gain or loss. E file income tax return Cropland, highly erodible, Converted Wetland and Highly Erodible Cropland D Damage Casualties and thefts, Casualties and Thefts Crop insurance, Crop Insurance and Crop Disaster Payments Tree seedlings, Tree Seedlings Debt Bad, Nonbusiness bad debt. E file income tax return Canceled, Cancellation of Debt, Canceled debt excluded from income. E file income tax return , Cancellation of debt. E file income tax return , Canceled debt. E file income tax return Nonrecourse, Amount realized on a nonrecourse debt. E file income tax return Qualified farm, Qualified Farm Debt Qualified principal residence, Qualified Principal Residence Debt Recourse, Amount realized on a recourse debt. E file income tax return Depletion, Depletion Depreciation, Claiming the Special Depreciation Allowance ADS election, ADS election. E file income tax return Conservation assets, Depreciable conservation assets. E file income tax return Deduction, Overview of Depreciation Incorrect amount deducted, How Do You Correct Depreciation Deductions? Limit for automobiles, Limits for passenger automobiles. E file income tax return Listed property, Additional Rules for Listed Property Raised livestock, Livestock. E file income tax return Recapture, When Do You Recapture MACRS Depreciation?, Depreciation Recapture, Section 1250 Property When to file, Do You Have To File Form 4562? Depreciation allowable, Basis adjustment for depreciation allowed or allowable. E file income tax return Depreciation allowed, Basis adjustment for depreciation allowed or allowable. E file income tax return Direct payments, Direct payments and counter-cyclical payments. E file income tax return , Payments Under the Farm Security and Rural Investment Act of 2002 and Under the Food, Conservation, and Energy Act of 2008 Disaster area losses, Disaster Area Losses Disaster payments, Crop Insurance and Crop Disaster Payments Disaster relief grants, Federal disaster relief grants. E file income tax return Disaster relief payments, Qualified disaster relief payments. E file income tax return Dispositions, Sale or other disposal of land during 9-year period. E file income tax return , Gain on sale of farmland. E file income tax return , Introduction Domestic production activities deduction, Domestic Production Activities Deduction Dyed diesel fuel, Dyed Diesel Fuel and Dyed Kerosene Dyed kerosene, Dyed Diesel Fuel and Dyed Kerosene E e-file, Reminders Easement, Easements and rights-of-way. E file income tax return , Easements. E file income tax return Election ADS depreciation, Electing ADS. E file income tax return , ADS election. E file income tax return Amortization Business start-up costs, Business Start-Up Costs Reforestation costs, Reforestation Costs Crop method, Election to use crop method. E file income tax return Cutting of timber, Election to treat cutting as a sale or exchange. E file income tax return Deducting conservation expenses, When to Deduct or Capitalize Not excluding cost-sharing payments, Electing not to exclude payments. E file income tax return Out of installment method, Electing out of the installment method. E file income tax return Postponing casualty gain, Postponing Gain Postponing reporting crop insurance proceeds, Election to postpone reporting until the following year. E file income tax return Section 179 expense deduction, How Do You Elect the Deduction? Electronic filing, Reminders Embryo transplants, Transplanted embryo. E file income tax return Employer identification number, Reminders, Employer identification number (EIN). E file income tax return Endangered species recovery expenses, Endangered species recovery expenses. E file income tax return Environmental contamination, Soil or other environmental contamination. E file income tax return Estimated tax Farm gross income, Gross Income From Farming Gross income, Gross Income Penalties, Estimated Tax Penalty for 2013 Exchanges Basis Like-kind, Like-Kind Exchanges Nontaxable, Nontaxable Exchanges Partially nontaxable, Partially Nontaxable Exchanges Taxable, Taxable Exchanges Like-kind, Like-Kind Exchanges Nontaxable, Like-Kind Exchanges Excise taxes Credit, Claiming a Credit Diesel fuel, Dyed Diesel Fuel and Dyed Kerosene Farming purposes, Fuels Used in Farming Home use of fuels, Fuels Used for Household Purposes or Other Than as a Fuel for Propulsion Engines Off-highway uses, Fuels Used in Off-Highway Business Use Refund, Claiming a Refund F Fair market value defined, Fair market value (FMV). E file income tax return , Fair market value (FMV). E file income tax return Family member Business expenses, Special rule for related persons. E file income tax return Installment sale, Sale to a related person. E file income tax return Like-kind exchange, Like-kind exchanges between related persons. E file income tax return Loss on sale or exchange of property, Losses from sales or exchanges between related persons. E file income tax return Personal-use property, Personal-use property. E file income tax return Social security coverage, Family Employees Farm Business expenses, Farm Business Expenses Business, defined, Business of Farming Defined, Farm defined. E file income tax return , Farm. E file income tax return Income averaging, Income Averaging for Farmers Rental, Farm rental. E file income tax return Sale of, Sale of a Farm Farmer, Farmer. E file income tax return Federal unemployment tax (FUTA), Federal Unemployment (FUTA) Tax Fertilizer, Fertilizer and Lime, Fertilizer and Lime Foreclosure, Foreclosure or Repossession Forestation costs, Forestation and reforestation costs. E file income tax return Form 1099-A, Form 1099-A. E file income tax return , Forms 1099-A and 1099-C. E file income tax return 1099-C, Cancellation of Debt, Form 1099-C. E file income tax return , Forms 1099-A and 1099-C. E file income tax return 1099-G, Market Gain, Payment to More Than One Person 1099-MISC, Reminders, Nonemployee compensation. E file income tax return 1099-PATR, Form 1099-PATR. E file income tax return 1128, Introduction 2210-F, Estimated Tax Penalty for 2013 3115, Changes in Methods of Accounting 4136, Claiming a Credit 4562, Do You Have To File Form 4562? 4797, Form 4797. E file income tax return , Recapture. E file income tax return , Reporting the exchange. E file income tax return 4835, Rents (Including Crop Shares) 5213, Using the presumption later. E file income tax return 6252, Form 6252. E file income tax return 8822, Reminders 8824, Reporting the exchange. E file income tax return 8849, Claiming a Refund 8886, Reminders 940, Form 940. E file income tax return 943, Form 943. E file income tax return 982, Form 982 I-9, Form I-9. E file income tax return SS-4, Reminders, Employer identification number (EIN). E file income tax return SS-5, Obtaining a social security number. E file income tax return T (Timber), Form T (Timber). E file income tax return W-2, Form W-2. E file income tax return W-4, Reminders, New hire reporting. E file income tax return , Form W-4. E file income tax return W-4V, Commodity Credit Corporation (CCC) Loans, Crop Insurance and Crop Disaster Payments W-7, Obtaining an individual taxpayer identification number. E file income tax return Free tax services, How To Get Tax Help, Free help with your tax return. E file income tax return Fuel tax credit or refund, Fuel tax credit and refund. E file income tax return , How To Claim a Credit or Refund G Gains and losses Basis of assets, Cost Basis Capital assets, defined, Capital Assets Casualty, How To Figure a Loss, Figuring a Gain Installment sales, Installment Sales Livestock, Livestock Long- or short-term, Long and Short Term Ordinary or capital, Ordinary or Capital Gain or Loss Sale of farm, Sale of a Farm Section 1231, Section 1231 Gains and Losses Theft, How To Figure a Loss, Figuring a Gain Timber, Timber General asset accounts, How Do You Use General Asset Accounts? Gifts, Crop shares you give to others (gift). E file income tax return , Cost related to gifts. E file income tax return , Property Received as a Gift, Gift. E file income tax return Going into business, Business Start-Up Costs Grants, disaster relief, Federal disaster relief grants. E file income tax return Gross profit percentage, Gross profit percentage. E file income tax return Gross profit, defined, Gross profit. E file income tax return Guarantee, Debt not payable on demand. E file income tax return H Health insurance deduction, Self-employed health insurance deduction. E file income tax return Hedging, Hedging (Commodity Futures) Help (see Tax help) Highway use tax, Highway use tax. E file income tax return Holding period, Holding period. E file income tax return Horticultural structure, Horticultural structure. E file income tax return I Illegal irrigation subsidy, Illegal federal irrigation subsidy. E file income tax return Important dates, Important Dates for 2014 Improvements, Cost-Sharing Exclusion (Improvements) Income Accounting for, Accounting Methods Accrual method of accounting, Income Canceled debt excluded, Cancellation of Debt From farming, Farm Income, Gross income from farming. E file income tax return , Gross Income From Farming Gross, Gross Income Not-for-profit farming, Not-for-Profit Farming Pasture, Pasture income and rental. E file income tax return Schedule F, Farm Income Withholding of tax, Federal Income Tax Withholding Income averaging (see Farm: Income averaging) Incorrect amount of depreciation deducted, How Do You Correct Depreciation Deductions? Individual taxpayer identification number (ITIN), Obtaining an individual taxpayer identification number. E file income tax return Inherited property, Inherited Property Insolvency, Insolvency. E file income tax return Installment sales, Form 6252. E file income tax return Electing out, Electing out of the installment method. E file income tax return Farm, sale of, Installment Sale of a Farm Figuring income, Figuring Installment Sale Income Reporting income, Form 6252. E file income tax return Unstated interest, Unstated interest. E file income tax return Insurance, Insurance, Self-employed health insurance deduction. E file income tax return Intangible property, Section 197 Intangibles Interest Expense, Interest Income, Interest income. E file income tax return Unstated, Unstated interest. E file income tax return Inventory Items included, Farm Inventory Methods of valuation, Inventory valuation methods. E file income tax return Involuntary conversions, Involuntary Conversions, Property acquired in a like-kind exchange or involuntary conversion. E file income tax return , Introduction Irrigation Illegal subsidy, Illegal federal irrigation subsidy. E file income tax return Project, Irrigation Project L Labor hired, Labor Hired Landlord participation, Landlord Participation in Farming Lease or purchase, Lease or Purchase Life tenant (see Term interests) Like-kind exchanges, Like-Kind Exchanges, Like-Kind Exchanges Lime, Fertilizer and Lime Limits At-risk, At-Risk Limits Business use of home, Deduction limit. E file income tax return Capital losses, Treatment of Capital Losses Conservation expenses, Assessment for Depreciable Property, 25% Limit on Deduction Depreciation Business-use, What Is the Business-Use Requirement? Excluded farm debt, Exclusion limit. E file income tax return Farm losses, Losses From Operating a Farm Loss of personal-use property, Deduction Limits on Losses of Personal-Use Property Not-for-profit farming, Not-for-Profit Farming Passive activity, Passive Activity Limits Percentage depletion, Taxable income limit. E file income tax return Prepaid farm supplies, Deduction limit. E file income tax return Reforestation costs, Reforestation Costs Section 179 expense deduction Automobile, Limits for passenger automobiles. E file income tax return Business income, Business Income Limit Dollar, Dollar Limits Time to keep records, How Long To Keep Records Listed property Defined, What Is Listed Property? Passenger automobile, Passenger automobiles. E file income tax return Rules, Additional Rules for Listed Property Livestock, Section 1231 transactions. E file income tax return Casualty and theft losses, Livestock or produce bought for resale. E file income tax return Crop shares, Crop shares you use to feed livestock. E file income tax return Depreciation, Livestock. E file income tax return Diseased, Diseased livestock. E file income tax return Feed assistance, Feed Assistance and Payments Immature, Immature livestock. E file income tax return Losses, Loss of livestock. E file income tax return , Livestock Purchased, Purchased livestock. E file income tax return Raised, Raised livestock. E file income tax return Sale of, Sales of Farm Products, Livestock Unit-livestock-price, inventory valuation, Unit-livestock-price method. E file income tax return Used in a farm business, Livestock used in farm business. E file income tax return Weather-related sales, Sales Caused by Weather-Related Conditions, Weather-related sales of livestock. E file income tax return Loans, Commodity Credit Corporation (CCC) Loans, Loan expenses. E file income tax return Losses At-risk limits, At-Risk Limits Casualty, Casualties, Thefts, and Condemnations Disaster areas, Disaster Area Losses Farming, Farming Losses Growing crops, Loss of growing plants, produce, and crops. E file income tax return Hobby farming, Not-for-Profit Farming Livestock, Livestock, Diseased livestock. E file income tax return Nondeductible, Other Nondeductible Items Theft, Casualties, Thefts, and Condemnations Lost income payments, Lost income payments. E file income tax return Lost property, Mislaid or lost property. E file income tax return M MACRS property Involuntary conversion, Property acquired in a like-kind exchange or involuntary conversion. E file income tax return Like-kind exchange, Property acquired in a like-kind exchange or involuntary conversion. E file income tax return Nontaxable transfer, Property acquired in a nontaxable transfer. E file income tax return Market gain, reporting, Market Gain Marketing quota penalties, Marketing Quota Penalties Material participation, Landlord Participation in Farming Meals, Meals. E file income tax return Membership fees, Club dues and membership fees. E file income tax return Methods of accounting, Accounting Methods Modified ACRS (MACRS) ADS election, ADS election. E file income tax return Conventions, Which Convention Applies? Depreciation methods, Which Depreciation Method Applies? Exchange, Property acquired in a like-kind exchange or involuntary conversion. E file income tax return Figuring the deduction, How Is the Depreciation Deduction Figured? Involuntary conversion, Property acquired in a like-kind exchange or involuntary conversion. E file income tax return Nontaxable transfer, Property acquired in a nontaxable transfer. E file income tax return Percentage tables, Rules for using the tables. E file income tax return Property classes, Which Property Class Applies Under GDS? Recovery periods, Which Recovery Period Applies? N New hire reporting, New hire reporting. E file income tax return Noncapital asset, Noncapital Assets Nontaxable exchanges, Like-Kind Exchanges Nontaxable transfer of MACRS property, Property acquired in a nontaxable transfer. E file income tax return Not-for-profit farming, Not-for-Profit Farming O Organizational costs, Business start-up and organizational costs. E file income tax return P Partners, limited, Limited partner. E file income tax return Partners, retired, Retired partner. E file income tax return Partners, Spouse, Business Owned and Operated by Spouses. E file income tax return Partnership, Partnership income or loss. E file income tax return Passenger automobile, Passenger automobiles. E file income tax return Pasture income, Pasture income and rental. E file income tax return Patronage dividends, Patronage Dividends Payments considered received, Payments Received or Considered Received Payments received, Payments Received or Considered Received Penalties Estimated tax, Estimated Tax Penalty for 2013 Returns, Estimated Tax Penalty for 2013 Trust fund recovery, Trust fund recovery penalty. E file income tax return Per-unit retain certificates, Per-Unit Retain Certificates Personal expenses, Personal, Living, and Family Expenses Placed in service, Placed in Service, What Is the Placed-in-Service Date? Postponing casualty gain, Postponing Gain Prepaid expense Advance premiums, Advance premiums. E file income tax return Extends useful life, Prepayment. E file income tax return Farm supplies, Prepaid Farm Supplies Livestock feed, Prepaid Livestock Feed Prizes, Prizes. E file income tax return Produce, Sales of Farm Products Property Changed to business use, Property changed from personal to business or rental use. E file income tax return Received for services, Property received for services. E file income tax return Repairs and improvements, How Do You Treat Repairs and Improvements? Section 1231, Section 1231 transactions. E file income tax return Section 1245, Section 1245 Property Section 1250, Section 1250 Property Section 1252, Section 1252 property. E file income tax return Section 1255, Section 1255 property. E file income tax return Tangible personal, Tangible personal property. E file income tax return Publications (see Tax help) Q Qualified disaster relief payments, Qualified disaster relief payments. E file income tax return Qualified farm debt, Qualified Farm Debt Qualified joint venture, Qualified joint venture. E file income tax return Qualified principal residence debt, Qualified Principal Residence Debt R Recapture Amortization, Depreciation and amortization. E file income tax return Basis reductions, Recapture of basis reductions. E file income tax return Certain depreciation, Recapture of certain depreciation. E file income tax return Cost-sharing payments, Recapture. E file income tax return Depreciation, When Do You Recapture MACRS Depreciation?, Depreciation Recapture, Depreciation recapture. E file income tax return Section 1245 property, Section 1245 Property Section 1250 property, Section 1250 Property Section 179 expense deduction, When Must You Recapture the Deduction? Section 179 GO Zone property, Recapture for qualified section 179 GO Zone property. E file income tax return Special depreciation allowance, When Must You Recapture an Allowance Recordkeeping, Importance of Records, Meals. E file income tax return Records on depreciable property, Depreciation Recapture Reforestation costs, Forestation and reforestation costs. E file income tax return , Reforestation Costs Refund Deduction taken, Refund or reimbursement. E file income tax return Fuel tax, Fuel tax credit and refund. E file income tax return , Including the Credit or Refund in Income Reimbursements Casualties and thefts, Casualty and theft losses. E file income tax return , Casualties and Thefts, Insurance and other reimbursements. E file income tax return Deduction taken, Refund or reimbursement. E file income tax return Expenses, Reimbursed expenses. E file income tax return Feed assistance, Feed Assistance and Payments Real estate taxes, Real estate taxes. E file income tax return Reforestation expenses, Qualifying costs. E file income tax return To employees, Reimbursements to employees. E file income tax return Related persons, Special rule for related persons. E file income tax return , Losses from sales or exchanges between related persons. E file income tax return , Special rules for related persons. E file income tax return , Like-kind exchanges between related persons. E file income tax return , Sale to a related person. E file income tax return , Buying replacement property from a related person. E file income tax return , Related persons. E file income tax return Rental income, Rents (Including Crop Shares) Rented property, improvements, Improvements to rented property. E file income tax return Repairs, Repairs and Maintenance Repairs and improvements, How Do You Treat Repairs and Improvements? Repayment of income, Repayment of income. E file income tax return Replacement Period, Replacement Period Property, Replacement Property Reportable transactions. E file income tax return , Reminders Repossessions, Foreclosure or Repossession Right-of-way income, Easements and rights-of-way. E file income tax return S Sale of home, Sale of your home. E file income tax return Section 179 expense deduction, Section 179 Expense Deduction How to elect, How Do You Elect the Deduction? Listed property, Additional Rules for Listed Property Qualifying property, What Property Qualifies? Recapture, When Must You Recapture the Deduction? Self-employed health insurance, Self-employed health insurance deduction. E file income tax return Self-employed health insurance deduction, Self-employed health insurance deduction. E file income tax return Self-employment tax Community property, Community property. E file income tax return Deduction, Deduction for employer-equivalent portion of self-employment tax. E file income tax return How to pay, How To Pay Self-Employment Tax Landlord participation, Landlord Participation in Farming Material participation, Material participation for landlords. E file income tax return Maximum net earnings, What's New for 2013 Methods for figuring net earnings, Methods for Figuring Net Earnings Optional method, Farm Optional Method Regular method, Regular Method Rental income, Landlord Participation in Farming Reporting, Reporting Self-Employment Tax Self-employment tax rate, Self-employment tax rate. E file income tax return Share farming, Share farmer. E file income tax return Tax rates, What's New for 2013 Who must pay, Who Must Pay Self-Employment Tax? Selling expenses, Selling expenses. E file income tax return Selling price Defined, Selling price. E file income tax return Reduced, Selling price reduced. E file income tax return Settlement costs (fees), Settlement costs. E file income tax return Social security and Medicare Credits of coverage, Earning credits in 2013. E file income tax return Withholding of tax, Social Security and Medicare Taxes Social security number, Obtaining a social security number. E file income tax return Software, computer, Computer software. E file income tax return Soil Conservation, Conservation Expenses Contamination, Soil or other environmental contamination. E file income tax return Special depreciation allowance How to elect not to claim, How Can You Elect Not To Claim the Allowance? Recapture, When Must You Recapture an Allowance Standard mileage rate, Standard mileage rate. E file income tax return Start-up costs for businesses, Business start-up and organizational costs. E file income tax return Suggestions for publication, Comments and suggestions. E file income tax return T Tangible personal property, Tangible personal property. E file income tax return Tax help, How To Get Tax Help Tax preparation fees, Tax preparation fees. E file income tax return Tax shelter At-risk limits, At-Risk Limits Defined, Tax shelter. E file income tax return Tax-free exchanges, Like-Kind Exchanges Taxes Excise, Excise Taxes Federal use, Highway use tax. E file income tax return General, Taxes Self-employment, Self-Employment Tax State and federal, State and federal income taxes. E file income tax return State and local general sales, State and local general sales taxes. E file income tax return Withholding, Federal income tax withholding. E file income tax return , Social Security and Medicare Taxes, Federal Income Tax Withholding Telephone expense, Telephone expense. E file income tax return Tenant house expenses, Tenant House Expenses Term interests, Certain term interests in property. E file income tax return Theft losses, Casualties, Thefts, and Condemnations Timber, Timber. E file income tax return , Timber Depletion, Timber Tobacco quota buyout payments, Tobacco Quota Buyout Program Payments Tobacco settlement payments, National Tobacco Growers' Settlement Trust Fund Payments Trade-in, Sale and Purchase Travel expenses, Travel Expenses Truck expenses, Truck and Car Expenses Trust fund recovery penalty, Trust fund recovery penalty. E file income tax return TTY/TDD information, How To Get Tax Help U Uniform capitalization rules Basis of assets, Uniform Capitalization Rules Inventory, Uniform capitalization rules. E file income tax return Unstated interest, Unstated interest. E file income tax return W Wages and salaries, Wages and salaries. E file income tax return Water conservation, Conservation Expenses Water well, Water well. E file income tax return , Water wells. E file income tax return Weather-related sales, livestock, Sales Caused by Weather-Related Conditions, Weather-related sales of livestock. E file income tax return Withholding Income tax, Federal Income Tax Withholding Social security and Medicare tax, Social Security and Medicare Taxes Prev  Up     Home   More Online Publications