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Efile 2010 Taxes

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Efile 2010 Taxes

Efile 2010 taxes Index Symbols (ITIN), Filers who have certain child dependents with an Individual Taxpayer Identification Number (ITIN). Efile 2010 taxes 10% tax for early withdrawal from IRA or retirement plan (see Early withdrawal from deferred interest account, subheading: Tax on) 10-year tax option, 10-Year Tax Option 401(k) plans Tax treatment of contributions, Elective deferrals. Efile 2010 taxes 403(b) plans Rollovers, Rollovers, Rollover From Employer's Plan Into an IRA, Rollover from a qualified retirement plan into a Roth IRA. Efile 2010 taxes 457 plans (see Section 457 deferred compensation plans) 529 plans (see Qualified tuition programs) 59 rule, Age 59½ rule. Efile 2010 taxes 60 day rule, Time limit for making a rollover contribution. Efile 2010 taxes 70 rule, Age 70½ rule. Efile 2010 taxes , Nonresident alien spouse. Efile 2010 taxes A Abandonment of home, Abandonment. Efile 2010 taxes Abortion Deductibility as medical expense, Table 21-1. Efile 2010 taxes Medical and Dental Expenses Checklist. Efile 2010 taxes See Publication 502 for more information about these and other expenses. Efile 2010 taxes Abroad, citizens traveling or working, Employees of foreign governments or international organizations. Efile 2010 taxes , Foreign Employer, Travel Outside the United States, Travel Primarily for Business (see also Citizens outside U. Efile 2010 taxes S. Efile 2010 taxes ) (see also Foreign employment) Absence, temporary, Temporary absences. Efile 2010 taxes , Temporary absences. Efile 2010 taxes Accelerated death benefits, Accelerated Death Benefits, Exclusion for terminal illness. Efile 2010 taxes Accident insurance, Accident or Health Plan Cafeteria plans, Cafeteria plans. Efile 2010 taxes Long-term care, Long-term care coverage. Efile 2010 taxes , Long-Term Care Insurance Contracts Accidental death benefits, Accidental death benefits. Efile 2010 taxes Accidents, car, Deductible losses. Efile 2010 taxes Value determination, Car value. Efile 2010 taxes Willful negligence or intentional act as cause, Nondeductible losses. Efile 2010 taxes Accountable plans for employee reimbursements, Accountable Plans, Related to employer. Efile 2010 taxes Accountants Basis to include fees of, Cost Basis CPA review courses, Bar or CPA Review Course Accounting methods, Accounting Methods Accrual method (see Accrual method taxpayers) Cash method (see Cash method taxpayers) Change of Depreciation, to deduct unclaimed amount, Changing your accounting method to deduct unclaimed depreciation. Efile 2010 taxes Accounting periods, Accounting Periods Calendar year, When Do I Have To File?, Accounting Periods, Accounting period. Efile 2010 taxes Change in, standard deduction not allowed, Persons not eligible for the standard deduction. Efile 2010 taxes Fiscal year, Accounting Periods, Fiscal year taxpayers. Efile 2010 taxes , Fiscal Years Fringe benefits, Accounting period. Efile 2010 taxes Accrual method taxpayers, Accrual method. Efile 2010 taxes Taxes paid during tax year, deduction of, You must pay the tax during your tax year. Efile 2010 taxes Accumulation distribution of trusts Tax on, Other taxes. Efile 2010 taxes Accuracy-related penalties, Accuracy-related penalty. Efile 2010 taxes Acknowledgment, Acknowledgment. Efile 2010 taxes Activities not for profit, Activity not for profit. Efile 2010 taxes Address, Name and Address Change of, Change of Address Foreign, Foreign address. Efile 2010 taxes P. Efile 2010 taxes O. Efile 2010 taxes box, P. Efile 2010 taxes O. Efile 2010 taxes box. Efile 2010 taxes Address, filing, Where To File Adjusted basis, Adjusted Basis, Postponed gain from sale of home. Efile 2010 taxes Decreases to basis, Decreases to Basis Depreciation, Depreciation and section 179 deduction. Efile 2010 taxes Easements, Easements. Efile 2010 taxes Energy conservation subsidies exclusion, Exclusion of subsidies for energy conservation measures. Efile 2010 taxes Gifts, Property Received as a Gift Home sale (see Sale of home) Improvements, Improvements. Efile 2010 taxes Increases to basis, Increases to Basis Local assessments, Assessments for local improvements. Efile 2010 taxes Sales of property, Adjusted basis. Efile 2010 taxes Section 179 deduction, Depreciation and section 179 deduction. Efile 2010 taxes Adjusted gross income (AGI) Medical and dental expenses and limit of deduction, How Much of the Expenses Can You Deduct?, What Tax Form Do You Use? Retirement savings contribution credit, Special Rules Adjustments, Adjustments and tax preference items. Efile 2010 taxes Administrators, estate (see Executors and administrators) Adopted child, Exception for adopted child. Efile 2010 taxes , Adopted child. Efile 2010 taxes , Adopted child. Efile 2010 taxes , Taxpayer identification numbers for adoptees. Efile 2010 taxes Earned income credit, Adopted child. Efile 2010 taxes Adoption, Adoption Credit, Child with special needs. Efile 2010 taxes ATIN, Adoption taxpayer identification number (ATIN). Efile 2010 taxes , Adoption taxpayer identification number (ATIN). Efile 2010 taxes Child tax credit, Adopted child. Efile 2010 taxes (see also Child tax credit) Credits, Personal Expenses Married filing separately, Special Rules Taking, When to take the credit. Efile 2010 taxes Employer assistance, Adoption Assistance Exception for adopted child, Exception for adopted child. Efile 2010 taxes Exemption for child, Personal Expenses Expenses not deductible Foster care prior to, no charitable deduction, Foster parents. Efile 2010 taxes No charitable deduction for, Personal Expenses Foreign child, Foreign child. Efile 2010 taxes Medical and dental expenses of adopted child, Qualifying Child Taxpayer identification number, Adoption taxpayer identification number (ATIN). Efile 2010 taxes , Taxpayer identification numbers for aliens. Efile 2010 taxes Taxpayer identification numbers (TINs), Adoption taxpayer identification number (ATIN). Efile 2010 taxes Age Children's investments (see Children, subheading: Investment income of child under age 18) Form 1040EZ, taxpayer under 65 may use, You can use Form 1040EZ if all of the following apply. Efile 2010 taxes Gross income and filing requirements (Table 1-1), Introduction IRAs Contribution cutoff at age 70, Age 70½ rule. Efile 2010 taxes Distribution prior to age 59, Age 59½ rule. Efile 2010 taxes Distribution required at age 70, IRA owners. Efile 2010 taxes , Excess Accumulations (Insufficient Distributions) Pension distributions required at age 70, Age 70½. Efile 2010 taxes Retirement plan recipients over age 75, Who must use the General Rule. Efile 2010 taxes Roth IRAs, Is there an age limit for contributions?, Must you withdraw or use Roth IRA assets? Standard deduction for age 65 or older, Higher Standard Deduction for Age (65 or Older) Age test, Age Test (see Qualifying child) Agents, Losses on sales or trades of property. Efile 2010 taxes (see also Fiduciaries) Income paid to, Payment to an agent. Efile 2010 taxes Signing return, When someone can sign for you. Efile 2010 taxes AGI (see Adjusted gross income (AGI)) Agricultural workers (see Farmers) (see Farmworkers) Agriculture (see Farming) Aircraft Charitable gift of, deduction for fair market value, Cars, boats, and airplanes. Efile 2010 taxes Airline club dues Not entertainment expenses, Club dues and membership fees. Efile 2010 taxes Airplanes, donations of, Cars, boats, and airplanes. Efile 2010 taxes Airport transportation Business-related travel expense, Table 26-1. Efile 2010 taxes Travel Expenses You Can Deduct This chart summarizes expenses you can deduct when you travel away from home for business purposes. Efile 2010 taxes Alaska Standard meal allowance, Standard meal allowance for areas outside the continental United States. Efile 2010 taxes Alaska Permanent Fund dividends, Alaska Permanent Fund dividend. Efile 2010 taxes Child's dividends, Child's Alaska Permanent Fund dividends. Efile 2010 taxes Income from, You can use Form 1040EZ if all of the following apply. Efile 2010 taxes , You can use Form 1040A if all of the following apply. Efile 2010 taxes , Alaska Permanent Fund dividends. Efile 2010 taxes Investment income not to include, Investment income. Efile 2010 taxes Alaska Unemployment Compensation Fund, Contributions to state benefit funds. Efile 2010 taxes Alcohol rehabilitation centers Deductibility of medical expense, Table 21-1. Efile 2010 taxes Medical and Dental Expenses Checklist. Efile 2010 taxes See Publication 502 for more information about these and other expenses. Efile 2010 taxes Alcoholic beverages IRA prohibited transactions in, Collectibles. Efile 2010 taxes Aliens, Individual taxpayer identification number (ITIN) for aliens. Efile 2010 taxes , Not earned income. Efile 2010 taxes Dual-status (see Dual-status taxpayers) Filing required, Aliens Nonresident (see Nonresident aliens) Resident (see Resident aliens) Alimony, Alimony, Introduction, Spouse or former spouse. Efile 2010 taxes , Payments not alimony. Efile 2010 taxes , Payments to a third party. Efile 2010 taxes , Life insurance premiums. Efile 2010 taxes , Payments for jointly-owned home. Efile 2010 taxes , Mortgage payments. Efile 2010 taxes , Taxes and insurance. Efile 2010 taxes , Other payments to a third party. Efile 2010 taxes , Instruments Executed After 1984, Exception for instruments executed before 1985. Efile 2010 taxes , Alimony requirements. Efile 2010 taxes , Cash payment requirement. Efile 2010 taxes , Payments to a third party. Efile 2010 taxes , Payments designated as not alimony. Efile 2010 taxes , Spouses cannot be members of the same household. Efile 2010 taxes , Liability for payments after death of recipient spouse. Efile 2010 taxes , Substitute payments. Efile 2010 taxes , How To Deduct Alimony Paid, How To Report Alimony Received, Recapture Rule, Including the recapture in income. Efile 2010 taxes , Deducting the recapture. Efile 2010 taxes Definition of, Introduction Mortgage payments Interest deduction, Divorced or separated individuals. Efile 2010 taxes Reporting of income, Alimony. Efile 2010 taxes Alternative filing methods Electronic (see E-file ) Alternative minimum tax (AMT), Alternative Minimum Tax (AMT) Child's tax, figuring of, Alternative minimum tax. Efile 2010 taxes Exempt-interest dividends, Alternative minimum tax treatment. Efile 2010 taxes Filing requirements (Table 1-3), Figuring tax. Efile 2010 taxes Incentive stock option, You can use Form 1040A if all of the following apply. Efile 2010 taxes Nonrefundable credit for prior year tax, Nonrefundable Credit for Prior Year Minimum Tax Alternative motor vehicle credit, Alternative Motor Vehicle Credit, Amount of credit. Efile 2010 taxes Ambulance service personnel Life insurance proceeds when death in line of duty, Public Safety Officer Killed in the Line of Duty Amended returns, Amended Returns and Claims for Refund, Form 1040X. Efile 2010 taxes , Filing Form 1040X. Efile 2010 taxes (see also Form 1040X) Itemized deduction, change to standard deduction, Changing your mind. Efile 2010 taxes Standard deduction, change to itemized deductions, Changing your mind. Efile 2010 taxes American citizens abroad, U. Efile 2010 taxes S. Efile 2010 taxes Citizens and Resident Aliens Living Abroad (see also Citizens outside U. Efile 2010 taxes S. Efile 2010 taxes ) Employment (see Foreign employment) American Indians (see Indians) American opportunity credit Tuition deduction and, Who Cannot Claim the Deduction American Samoa Income from, Individuals With Income From U. Efile 2010 taxes S. Efile 2010 taxes Possessions Amortization Bond premiums, treatment of, Amortization of bond premium. Efile 2010 taxes AMT (see Alternative minimum tax (AMT)) Annuities, Rollovers (see also Rollovers) Cost computation, Cost (Investment in the Contract) Decedent's unrecovered investment in, Form W-2. Efile 2010 taxes Early distributions from, Tax on Early Distributions Deferred annuity contracts, 5% rate on certain early distributions from deferred annuity contracts. Efile 2010 taxes , Additional exceptions for nonqualified annuity contracts. Efile 2010 taxes Estimated tax, Withholding and estimated tax. Efile 2010 taxes Exclusion limit, Exclusion limit. Efile 2010 taxes General Rule Annuity starting before November 19, 1996, Annuity starting before November 19, 1996. Efile 2010 taxes Nonqualified plans and qualified plans for recipients over 75 years, Who must use the General Rule. Efile 2010 taxes Purchased annuities, Purchased annuities. Efile 2010 taxes Survivor's annuity, Survivors of retirees. Efile 2010 taxes Guaranteed payments, Guaranteed payments. Efile 2010 taxes IRAs as, Kinds of traditional IRAs. Efile 2010 taxes Joint return, Joint return. Efile 2010 taxes Loans from plan, Loans. Efile 2010 taxes Lump-sum distributions, Lump-Sum Distributions Multiple plan benefits, More than one program. Efile 2010 taxes , More than one annuity. Efile 2010 taxes Partly taxable payments, Partly taxable payments. Efile 2010 taxes Purchased annuities, Purchased annuities. Efile 2010 taxes Reporting of, How To Report Retirement annuities, Retirement Plans, Pensions, and Annuities (see also Retirement plans) Rollovers, Rollovers Sale of, Sale of Annuity Gain as ordinary income, Tax-free exchange. Efile 2010 taxes Simplified method to calculate tax-free part of annuity payment, Simplified Method Survivor's annuity, Survivors of retirees. Efile 2010 taxes Worksheet for computation, How to use the Simplified Method. Efile 2010 taxes Survivor annuities, Survivors and Beneficiaries Trade of insurance policies and annuities, Insurance policies and annuities. Efile 2010 taxes Unrecovered investment, Unrecovered Investment in Annuity Withholding, Form W-2. Efile 2010 taxes , Pensions and Annuities, Withholding and estimated tax. Efile 2010 taxes Annulled marriages Filing status, Annulled marriages. Efile 2010 taxes Anthrax incidents (see Terrorist attacks) Antiques (see Collectibles) Appliances Deterioration and damage, not casualty loss, Progressive deterioration. Efile 2010 taxes Appraisal fees, Appraisal Fees Donated property, Appraisal Fees Not deductible as interest, Amounts charged for services. Efile 2010 taxes Real estate transactions, when required by lender, Settlement costs. Efile 2010 taxes Appraisals Casualty or theft losses, Appraisal. Efile 2010 taxes , Costs of photographs and appraisals. Efile 2010 taxes Archer MSAs, Medical savings accounts (MSAs). Efile 2010 taxes Contributions, Archer MSA contributions. Efile 2010 taxes Medical expenses paid for decedent from, Decedent Not deductible as medical expense, Table 21-1. Efile 2010 taxes Medical and Dental Expenses Checklist. Efile 2010 taxes See Publication 502 for more information about these and other expenses. Efile 2010 taxes Armed forces, Types of Qualified Organizations, Table 24-1. Efile 2010 taxes Examples of Charitable Contributions—A Quick Check, Armed Forces reservists. Efile 2010 taxes (see also Reservists) (see also Veterans' organizations) Combat zone Extension to file return, Individuals Serving in Combat Zone Signing return for spouse, Spouse in combat zone. Efile 2010 taxes Dependency allotments, Armed Forces dependency allotments. Efile 2010 taxes Disability pay, Disability. Efile 2010 taxes Disability pensions, Military and Government Disability Pensions GI Bill benefits, Tuition payments and allowances under the GI Bill. Efile 2010 taxes Military, Military uniforms. Efile 2010 taxes Military quarters allotments, Tax-exempt military quarters allowances. Efile 2010 taxes Naval officers on permanent duty aboard ship, Members of the Armed Forces. Efile 2010 taxes Permanent duty overseas, Members of the Armed Forces. Efile 2010 taxes Real estate taxes when receiving housing allowance, Ministers' and military housing allowances. Efile 2010 taxes , Ministers' and military housing allowance. Efile 2010 taxes Rehabilitative program payments, Veterans' benefits. Efile 2010 taxes Reserves, Armed Forces reservists traveling more than 100 miles from home. Efile 2010 taxes Retirees' pay Taxable income, Military retirement pay. Efile 2010 taxes Uniforms, Military uniforms. Efile 2010 taxes Wages, Military Armed Forces Retiree's pay withholding, Military retirees. Efile 2010 taxes Art works As capital assets, Capital Assets and Noncapital Assets, Gold, silver, stamps, coins, gems, etc. Efile 2010 taxes Capital gains or losses from sale or trade of, Investment interest deducted. Efile 2010 taxes Artists, performing (see Performing artists) Assessments, local (see Local assessments) Assistance (see Tax help) Assistance, tax (see Tax help) Assumption of mortgage, Assumption of mortgage. Efile 2010 taxes Fees not included in basis, Settlement costs. Efile 2010 taxes At-risk rules Rental property, At-Risk Rules Athletic events Charitable contributions, amount deductible, Athletic events. Efile 2010 taxes ATIN (Adoption taxpayer identification number), Adoption taxpayer identification number (ATIN). Efile 2010 taxes Attachment of wages, Garnisheed wages. Efile 2010 taxes Attachments to return, Attachments Attorneys Bar review courses, Bar or CPA Review Course Attorneys' fees, Legal Expenses, Personal Legal Expenses Basis to include, Cost Basis Social security and railroad retirement benefits, deductions for, Legal expenses. Efile 2010 taxes Title to property, for preparation, filing, etc. Efile 2010 taxes , Settlement costs. Efile 2010 taxes Audits Travel expense records, If your return is examined. Efile 2010 taxes Auto insurance Medical expenses covered by, not deductible, Table 21-1. Efile 2010 taxes Medical and Dental Expenses Checklist. Efile 2010 taxes See Publication 502 for more information about these and other expenses. Efile 2010 taxes Automatic extension of time to file, Automatic Extension, When to file. Efile 2010 taxes Form 4868, E-file options. Efile 2010 taxes Automatic investment services Holding period, determination of, Automatic investment service. Efile 2010 taxes Awards (see Prizes and awards) Away-from-home travel (see Travel and transportation expenses) B Babysitting, Babysitting. Efile 2010 taxes Back pay, award for, Back pay awards. Efile 2010 taxes Emotional distress damages under title VII of Civil Rights Act of 1964, Court awards and damages. Efile 2010 taxes Backup withholding, Backup Withholding, Backup withholding. Efile 2010 taxes , Backup withholding. Efile 2010 taxes Dividend income, Backup withholding. Efile 2010 taxes , Reporting tax withheld. Efile 2010 taxes Penalties, Penalties. Efile 2010 taxes Bad debts Bank deposit, loss due to bank's insolvency or bankruptcy, Nonbusiness bad debt. Efile 2010 taxes Reporting on Schedule D (Form 1040), How to report. Efile 2010 taxes Claim for refund, Exceptions for special types of refunds. Efile 2010 taxes , Filing a claim for refund. Efile 2010 taxes Nonbusiness, Nonbusiness Bad Debts Recovery, Recoveries Reporting of, How to report bad debts. Efile 2010 taxes Short-term capital loss, How to report bad debts. Efile 2010 taxes When deductible, When deductible. Efile 2010 taxes Baggage Business-related travel expense, Table 26-1. Efile 2010 taxes Travel Expenses You Can Deduct This chart summarizes expenses you can deduct when you travel away from home for business purposes. Efile 2010 taxes Balance due, Refund or balance due. Efile 2010 taxes Bankruptcy Canceled debt not deemed to be income, Excluded debt. Efile 2010 taxes Financial institution's bankruptcy causing deductible loss, Loss on Deposits Reporting of, Loss on deposits. Efile 2010 taxes Banks Automatic investment service, determination of holding period, Automatic investment service. Efile 2010 taxes IRAs with, When and How Can a Traditional IRA Be Opened? Losses on deposits, when casualty losses, Deposit in Insolvent or Bankrupt Financial Institution, Loss on Deposits Reporting of, Loss on deposits. Efile 2010 taxes Money market accounts, Money Market Funds Bar associations Charitable contributions to, Contributions to Nonqualified Organizations Bar employees Tips (see Tip income) Bar review courses, Bar or CPA Review Course Bargain sales As charitable contributions, Bargain sales. Efile 2010 taxes Basis of purchase, Bargain purchases. Efile 2010 taxes Barter income, Bartering Definition of bartering, Bartering Form 1099-B, Form 1099-B from barter exchange. Efile 2010 taxes Basis Adjusted basis, Adjusted Basis Allocation between business and personal use, Introduction Bad debts, Basis in bad debt required. Efile 2010 taxes Bargain purchases, Bargain purchases. Efile 2010 taxes Bonds, Stocks and Bonds, Bond premium. Efile 2010 taxes Cost basis, Useful Items - You may want to see: IRAs for nondeductible contributions, Cost basis. Efile 2010 taxes , Partly taxable. Efile 2010 taxes Definition of, Introduction Gifts, Property Received as a Gift Home sales (see Sale of home) Improvements to real estate, Improvements. Efile 2010 taxes Involuntary conversion, Involuntary Conversions Like-kind exchanges, Basis of property received. Efile 2010 taxes Other than cost, Basis Other Than Cost, Tax-exempt obligations. Efile 2010 taxes , No gain or loss. Efile 2010 taxes Points not to be included, Settlement costs. Efile 2010 taxes , Points. Efile 2010 taxes Property received for services, Property Received for Services Real estate, Real Property Restricted property, Restricted property. Efile 2010 taxes Stock or stock rights, Basis. Efile 2010 taxes Tax-exempt obligations Bonds, Tax-exempt obligations. Efile 2010 taxes Transfers between spouses, Property Transferred From a Spouse, Transfers Between Spouses Beetles Damage or destruction to trees and plants, when casualty loss, Progressive deterioration. Efile 2010 taxes Beneficiaries, Beneficiary of an estate or trust. Efile 2010 taxes , Rollover by surviving spouse. Efile 2010 taxes , Estate and trust income. Efile 2010 taxes , Losses. Efile 2010 taxes (see also Estate beneficiaries) (see also Trust beneficiaries) Bequests, Estate and trust income. Efile 2010 taxes , Losses. Efile 2010 taxes , Gifts and inheritances. Efile 2010 taxes , Income from property received as a gift. Efile 2010 taxes (see also Estate beneficiaries) (see also Gifts) (see also Inheritance) Bicycle Fringe benefit, Qualified bicycle commuting. Efile 2010 taxes Bingo, Table 24-1. Efile 2010 taxes Examples of Charitable Contributions—A Quick Check, Contributions From Which You Benefit Birth control pills, Table 21-1. Efile 2010 taxes Medical and Dental Expenses Checklist. Efile 2010 taxes See Publication 502 for more information about these and other expenses. Efile 2010 taxes Birth of child, Death or birth of child. Efile 2010 taxes Head of household, qualifying person to file as, Death or birth. Efile 2010 taxes , Death or birth. Efile 2010 taxes Social security number to be obtained, Born and died in 2013. Efile 2010 taxes Birth of dependent, Death or birth. Efile 2010 taxes Blackmail Losses due to, Theft Blind persons Exemption from withholding, Age 65 or older or blind. Efile 2010 taxes Guide dogs, deductible as medical expense, Table 21-1. Efile 2010 taxes Medical and Dental Expenses Checklist. Efile 2010 taxes See Publication 502 for more information about these and other expenses. Efile 2010 taxes Impairment-related work expenses, deduction for, Impairment-Related Work Expenses Standard deduction for, Introduction, Higher Standard Deduction for Blindness Blood banks No charitable deduction for blood donations to, Table 24-1. Efile 2010 taxes Examples of Charitable Contributions—A Quick Check, Value of Time or Services Blue books to determine fair market value, Cars, boats, and airplanes. Efile 2010 taxes Boats Charitable gift of, deduction for fair market value, Cars, boats, and airplanes. Efile 2010 taxes Donations of, Cars, boats, and airplanes. Efile 2010 taxes Body scan, Table 21-1. Efile 2010 taxes Medical and Dental Expenses Checklist. Efile 2010 taxes See Publication 502 for more information about these and other expenses. Efile 2010 taxes Bona fide business purpose Travel expenses, Bona fide business purpose. Efile 2010 taxes Work-related education, Qualifying Work-Related Education Bonds Adjusted basis for, Stocks and Bonds Amortization of premium, Amortization of bond premium. Efile 2010 taxes , Amortizable Premium on Taxable Bonds As capital assets, Capital Assets and Noncapital Assets, Stocks, stock rights, and bonds. Efile 2010 taxes Convertible bonds, Convertible stocks and bonds. Efile 2010 taxes Discounted Capital gain or loss, Discounted Debt Instruments Issued at discount, Original Issue Discount (OID) Market discount bonds, Market discount bonds. Efile 2010 taxes Original issue discount, Original Issue Discount (OID) Redemption of, Redemption or retirement of bonds. Efile 2010 taxes Retirement of, Retirement bonds. Efile 2010 taxes , Redemption or retirement of bonds. Efile 2010 taxes Sale of, Bonds Sold Between Interest Dates Savings, U. Efile 2010 taxes S. Efile 2010 taxes Savings Bonds, Series HH bonds. Efile 2010 taxes , Series EE and series I bonds. Efile 2010 taxes Sold at premium, computation of adjusted basis, Bond premium. Efile 2010 taxes State or local government, tax-exempt, Tax-exempt state and local government bonds. Efile 2010 taxes Tax-exempt, State or Local Government Obligations Bonuses, Supplemental Wages, Bonuses and awards. Efile 2010 taxes , Employee awards or bonuses. Efile 2010 taxes Bookkeeping (see Recordkeeping requirements) Books to determine fair market value, Car value. Efile 2010 taxes Borrowed funds, Loans. Efile 2010 taxes , Items You Cannot Deduct (see also Loans) Used for charitable contributions, deduction for, Borrowed funds. Efile 2010 taxes Bottled water, Table 21-1. Efile 2010 taxes Medical and Dental Expenses Checklist. Efile 2010 taxes See Publication 502 for more information about these and other expenses. Efile 2010 taxes Boy Scouts Charitable contributions to, Examples. Efile 2010 taxes , Table 24-1. Efile 2010 taxes Examples of Charitable Contributions—A Quick Check Braille books, Table 21-1. Efile 2010 taxes Medical and Dental Expenses Checklist. Efile 2010 taxes See Publication 502 for more information about these and other expenses. Efile 2010 taxes Breach of contract Damages as income, Court awards and damages. Efile 2010 taxes employment, Damages for Breach of Employment Contract Breast pump and supplies, Table 21-1. Efile 2010 taxes Medical and Dental Expenses Checklist. Efile 2010 taxes See Publication 502 for more information about these and other expenses. Efile 2010 taxes Bribes, Bribes. Efile 2010 taxes , List of Nondeductible Expenses Brokers Form 1099-B, Sales and Trades IRAs with, When and How Can a Traditional IRA Be Opened? Commissions, Brokers' commissions. Efile 2010 taxes , Brokers' commissions. Efile 2010 taxes Receiving dividends, reporting on Form 1099-MISC, Form 1099-MISC. Efile 2010 taxes Burglary Losses due to, Theft Burial expenses, List of Nondeductible Expenses (see Funerals) Business associates, Meals and Incidental Expenses, Entertainment Expenses (see also Entertainment expenses) Business travel to meet, Transportation Expenses Travel expenses of, paying for, Business associate. Efile 2010 taxes Business expenses, Meals and Incidental Expenses, Entertainment Expenses (see also Entertainment expenses) Job search expenses, Job interview expenses. Efile 2010 taxes Meal expenses (see Meal and lodging expenses) Reimbursements, Expense allowances. Efile 2010 taxes , Allowances and reimbursements. Efile 2010 taxes Returning excess for business expenses, Returning Excess Reimbursements Returning excess business expenses, Expense allowances. Efile 2010 taxes Travel (see Travel and transportation expenses) Work-related education, What Expenses Can Be Deducted Business organizations Charitable contributions to, Contributions to Nonqualified Organizations Business property As gift, adjusted basis for, Business property. Efile 2010 taxes Basis for depreciation, Basis for depreciation. Efile 2010 taxes Property use changed to, adjusted basis for, Property Changed From Personal to Business or Rental Use Sales or exchanges Like-kind exchanges, Like-kind exchanges. Efile 2010 taxes Business tax credits Claim for refund, Exceptions for special types of refunds. Efile 2010 taxes Business use of home, Home Office C Cafeteria plans, Cafeteria plans. Efile 2010 taxes Calendar year taxpayers Accounting periods, When Do I Have To File?, Accounting Periods, Accounting period. Efile 2010 taxes Filing due date, When Do I Have To File? California Nonoccupational Disability Benefit Fund, Contributions to state benefit funds. Efile 2010 taxes Campaign contributions, Campaign contributions. Efile 2010 taxes , Table 24-1. Efile 2010 taxes Examples of Charitable Contributions—A Quick Check, Contributions to Nonqualified Organizations Presidential Election Campaign Fund, Presidential Election Campaign Fund Campaign expenses, Campaign Expenses Canada Resident of, Citizen or Resident Test, Child in Canada or Mexico. Efile 2010 taxes Cancellation of debt, Canceled Debts Exceptions to treatment as income, Exceptions Candidates for public office Contributions to, no charitable deduction for, Table 24-1. Efile 2010 taxes Examples of Charitable Contributions—A Quick Check, Contributions to Nonqualified Organizations Capital assets Coal and iron ore, Coal and iron ore. Efile 2010 taxes Definition of, Capital Assets and Noncapital Assets Capital expenses, Capital expenses. Efile 2010 taxes Capital gains or losses, Capital Gains and Losses, How to report and postpone gain. Efile 2010 taxes , Reporting Gains and Losses Bad debts as short-term capital loss, How to report bad debts. Efile 2010 taxes Carryover of, Long-term gains and losses. Efile 2010 taxes , Capital loss carryover. Efile 2010 taxes Worksheet, Figuring your carryover. Efile 2010 taxes Character of gain, Capital Gains and Losses Character of loss, Capital Gains and Losses Child's distributions and dividends, reporting of, Child's capital gain distributions. Efile 2010 taxes , Capital gain distributions and qualified dividends. Efile 2010 taxes Collectibles, Investment interest deducted. Efile 2010 taxes Deductions, Capital Losses Limit on, Limit on deduction. Efile 2010 taxes Distributions, Money Market Funds Form 1040 or 1040A to be used, You can use Form 1040A if all of the following apply. Efile 2010 taxes , How To Report Dividend Income Form 8949, Reporting Gains and Losses Hobbies, sales from collections, Hobby losses. Efile 2010 taxes Holding period, determination of, Holding Period How to report, Reporting Capital Gains and Losses Installment sales and, Installment sales. Efile 2010 taxes Lump-sum distributions from pensions and annuities, Capital Gain Treatment Mutual funds paying, Capital Gain Distributions Net capital gain, Capital Gains and Losses, Long-term gains and losses. Efile 2010 taxes , Capital Gain Tax Rates Included as investment income, Choosing to include net capital gain. Efile 2010 taxes Net long-term capital loss, Long-term gains and losses. Efile 2010 taxes Sale of personal items, Sale of personal items. Efile 2010 taxes Sale or trade of property held more than 1 year, Long-term or short-term. Efile 2010 taxes , Long-term gains and losses. Efile 2010 taxes Schedule D, Reporting Gains and Losses , Reporting Capital Gains and Losses Section 1250 gains from sale of real property, Capital Gains and Losses, Unrecaptured section 1250 gain. Efile 2010 taxes State or local government bonds, tax-exempt, Tax-exempt state and local government bonds. Efile 2010 taxes Tax rates, Capital Gain Tax Rates Total net gain, Total net gain or loss. Efile 2010 taxes Total net loss, Total net gain or loss. Efile 2010 taxes Undistributed gains, Long-term gains and losses. Efile 2010 taxes Credit for tax on, Undistributed capital gains of mutual funds and REITs. Efile 2010 taxes , Credit for Tax on Undistributed Capital Gain Car expenses, Car expenses. Efile 2010 taxes Car pools, Car pools. Efile 2010 taxes , Car pools. Efile 2010 taxes Carrybacks Business tax credit carrybacks, Exceptions for special types of refunds. Efile 2010 taxes Carryovers Capital loss, Long-term gains and losses. Efile 2010 taxes , Capital loss carryover. Efile 2010 taxes Worksheet, Figuring your carryover. Efile 2010 taxes Investment interest, Limit on Deduction Cars, Transportation, Transporting school children. Efile 2010 taxes , Car Expenses and Other Employee Business Expenses, Car Expenses (see also Standard mileage rates) (see also Travel and transportation) Accidents resulting in casualty loss, Deductible losses. Efile 2010 taxes Value determination, Car value. Efile 2010 taxes Willful negligence or intentional act as cause, Nondeductible losses. Efile 2010 taxes Actual expenses, Car Expenses, Actual Car Expenses Advertising displays on, Advertising display on car. Efile 2010 taxes Allowances from employers, Per Diem and Car Allowances As capital assets, Capital Assets and Noncapital Assets Blue book to determine fair market value, Cars, boats, and airplanes. Efile 2010 taxes Books to determine fair market value, Car value. Efile 2010 taxes Business and personal use, allocation between, Business and personal use. Efile 2010 taxes , Separating expenses. Efile 2010 taxes Business-related travel expenses, Table 26-1. Efile 2010 taxes Travel Expenses You Can Deduct This chart summarizes expenses you can deduct when you travel away from home for business purposes. Efile 2010 taxes Car pools, Car pools. Efile 2010 taxes Charitable gift of, deduction for fair market value, Cars, boats, and airplanes. Efile 2010 taxes Charitable organization service, use for, Car expenses. Efile 2010 taxes Depreciation, Depreciation and section 179 deductions. Efile 2010 taxes Donations of, Cars, boats, and airplanes. Efile 2010 taxes Fixed and variable rate (FAVR), Fixed and variable rate (FAVR). Efile 2010 taxes Form 2106 or 2106-EZ, how to fill out, Car expenses. Efile 2010 taxes Hauling tools or instruments, Hauling tools or instruments. Efile 2010 taxes Interest on loans, not deductible, Personal Interest Leased vehicles, Leasing a car. Efile 2010 taxes Medical transportation, Table 21-1. Efile 2010 taxes Medical and Dental Expenses Checklist. Efile 2010 taxes See Publication 502 for more information about these and other expenses. Efile 2010 taxes , Transportation, Car expenses. Efile 2010 taxes Parking (see Parking fees) Personal property taxes on, deduction of, Personal Property Taxes Reporting of, How To Report Table 26-3 showing forms to be used, Per diem allowance more than federal rate. Efile 2010 taxes Sale, trade-in, or other disposition, Sale, Trade-In, or Other Disposition Section 179 deductions, Depreciation and section 179 deductions. Efile 2010 taxes Work-related education, transportation for, Using your car. Efile 2010 taxes Cash Dividends paid as, Introduction Rebates, Cash rebates. Efile 2010 taxes Sales of property for, Payment of cash. Efile 2010 taxes Cash contributions, records to keep, Cash Contributions Cash method taxpayers, Cash method. Efile 2010 taxes Bad debts, Basis in bad debt required. Efile 2010 taxes Points, deduction of, Deduction Allowed in Year Paid Real estate transactions, tax allocation, Division of real estate taxes between buyers and sellers. Efile 2010 taxes Taxes paid during tax year, deduction of, You must pay the tax during your tax year. Efile 2010 taxes Worthless securities and negotiable promissory notes, Worthless securities. Efile 2010 taxes Cash rebates, Cash rebates. Efile 2010 taxes Casualties, Home destroyed or condemned. Efile 2010 taxes Casualty insurance Premiums not in property basis, Settlement costs. Efile 2010 taxes Reimbursements from, Casualty insurance and other reimbursements. Efile 2010 taxes Casualty losses, Nonbusiness Casualty and Theft Losses, Net operating loss (NOL). Efile 2010 taxes , Casualty and Theft Losses, Casualty and Theft Losses of Income-Producing Property Adjusted basis in property, Casualty and theft losses. Efile 2010 taxes , Involuntary Conversions, Adjusted Basis, Adjustments to basis. Efile 2010 taxes Amount of loss, Figuring a Loss Appraisals, Appraisal. Efile 2010 taxes , Costs of photographs and appraisals. Efile 2010 taxes Bank deposit, loss due to bank's insolvency or bankruptcy, Casualty loss or ordinary loss. Efile 2010 taxes Costs Cleaning up or making repairs, Cost of cleaning up or making repairs. Efile 2010 taxes Photographs and appraisals, Costs of photographs and appraisals. Efile 2010 taxes Deductible losses, Deductible losses. Efile 2010 taxes $100 rule, $100 Rule When to take (Table 25-2), Gains more than losses. Efile 2010 taxes Deduction limits, Deduction Limits For personal property (Table 25-1), Actual reimbursement same as expected. Efile 2010 taxes Definition of casualty, Casualty Disasters, Employer's emergency disaster fund. Efile 2010 taxes , Disaster relief. Efile 2010 taxes (see also Disaster relief) Employer's emergency disaster fund, Employer's emergency disaster fund. Efile 2010 taxes Fair market value of property, Decrease in Fair Market Value Form 4684 to be filed, Forms to file. Efile 2010 taxes Insurance proceeds, treatment of, Insurance and Other Reimbursements Net operating losses, Net operating loss (NOL). Efile 2010 taxes Nondeductible losses, Deductible losses. Efile 2010 taxes Proof of loss, Casualty loss proof. Efile 2010 taxes Property used partly for business and partly for personal purposes, Property used partly for business and partly for personal purposes. Efile 2010 taxes Reimbursement, Insurance and Other Reimbursements Reporting of gain or loss, When To Report Gains and Losses, Losses. Efile 2010 taxes , How To Report Gains and Losses Single casualty on multiple properties, Single Casualty on Multiple Properties Cemeteries Charitable contributions to, Types of Qualified Organizations Certificate, mortgage credit, Who qualifies. Efile 2010 taxes Certificates of deposit (CDs), Certificates of deposit (CDs). Efile 2010 taxes , Individual Retirement Arrangements (IRAs) (see also Individual retirement arrangements (IRAs)) Chambers of commerce Charitable contributions to, Table 24-1. Efile 2010 taxes Examples of Charitable Contributions—A Quick Check, Contributions to Nonqualified Organizations Entertainment expenses for attending meetings, Trade association meetings. Efile 2010 taxes Change of address, Change of Address Change of name, Name change. Efile 2010 taxes , Name changed. Efile 2010 taxes Chaplains Life insurance proceeds when death in line of duty, Public Safety Officer Killed in the Line of Duty Charitable contributions, Contributions, Introduction, Organizations That Qualify To Receive Deductible Contributions, Types of Qualified Organizations, Contributions You Can Deduct, Contributions From Which You Benefit, Table 24-1. Efile 2010 taxes Examples of Charitable Contributions—A Quick Check, Token items. Efile 2010 taxes , Written statement. Efile 2010 taxes , Contributions You Cannot Deduct, Contributions to Individuals, Contributions to Nonqualified Organizations, Contributions From Which You Benefit, Contributions of Property, Determining Fair Market Value, Large quantities. Efile 2010 taxes , Giving Property That Has Decreased in Value, Giving Property That Has Increased in Value, Ordinary income property. Efile 2010 taxes , Capital gain property. Efile 2010 taxes , Amount of deduction — general rule. Efile 2010 taxes , Bargain sales. Efile 2010 taxes , When To Deduct, Time of making contribution. Efile 2010 taxes , Noncash Contributions, Additional records. Efile 2010 taxes , How To Report Gifts to reduce public debt, Gift To Reduce Debt Held by the Public Charitable distributions, qualified, Qualified charitable distributions (QCD). Efile 2010 taxes Charity benefit events Deduction amount for charitable contributions, Charity benefit events. Efile 2010 taxes Check-writing fees, Check-Writing Fees on Personal Account Checklists Medical and dental expense deductions (Table 21-1), Medicare A. Efile 2010 taxes Checks As charitable contributions, Checks. Efile 2010 taxes Canceled checks as evidence of travel expenses, Canceled check. Efile 2010 taxes Constructive receipt of, Check received or available. Efile 2010 taxes Child Foster child, Rule 10. Efile 2010 taxes You Cannot Be a Qualifying Child of Another Taxpayer, Rule 13. Efile 2010 taxes You Cannot Be a Qualifying Child of Another Taxpayer Married child, Married child. Efile 2010 taxes Child and dependent care credit, You can use Form 1040A if all of the following apply. Efile 2010 taxes Due diligence, Getting the information. Efile 2010 taxes Earned income, Earned income. Efile 2010 taxes Full-time student, Rule for student-spouse or spouse not able to care for self. Efile 2010 taxes Married filing separately, Special Rules Payments to relatives, Payments to Relatives or Dependents Child born alive, Child born alive. Efile 2010 taxes Child care, You can use Form 1040A if all of the following apply. Efile 2010 taxes Babysitting, Babysitting. Efile 2010 taxes Care providers, Childcare providers. Efile 2010 taxes Expenses, Child care expenses. Efile 2010 taxes Nursing care for healthy baby, not deductible as medical expense, Table 21-1. Efile 2010 taxes Medical and Dental Expenses Checklist. Efile 2010 taxes See Publication 502 for more information about these and other expenses. Efile 2010 taxes Child custody, Custodial parent and noncustodial parent. Efile 2010 taxes Child support, Child support payments. Efile 2010 taxes Alimony, difference from, Payments not alimony. Efile 2010 taxes , Alimony requirements. Efile 2010 taxes , Child support. Efile 2010 taxes Child tax credit, Who Should File, You can use Form 1040A if all of the following apply. Efile 2010 taxes , Child tax credit. Efile 2010 taxes , Child Tax Credit Additional credit, Additional Child Tax Credit Amount of credit, Amount of Credit Claiming, procedure for, Claiming the Credit Limits, Special Rules, Limits on the Credit Modified adjusted gross income, Modified AGI. Efile 2010 taxes Married filing separately, Special Rules Qualifying child, Qualifying Child Child, qualifying, Qualifying Child Childcare Credit, Child and Dependent Care Credit Provider Taxpayer identification number, Provider Identification Test Children, Adoption Assistance, Personal Expenses (see also Adoption) Additional credit on child tax credit, Additional Child Tax Credit Adoption (see Adopted child) Babysitters, Babysitting. Efile 2010 taxes Birth of child Head of household, qualifying person to file as, Death or birth. Efile 2010 taxes , Death or birth. Efile 2010 taxes Social security number to be obtained, Born and died in 2013. Efile 2010 taxes Care providers, Childcare providers. Efile 2010 taxes (see also Child care) Child's tax, figuring of, Step 3. Efile 2010 taxes Figuring the Child's Tax (Form 8615, Part III) Alternative minimum tax, Alternative minimum tax. Efile 2010 taxes Credit for, Who Should File, You can use Form 1040A if all of the following apply. Efile 2010 taxes (see also Child and dependent care credit) (see also Child tax credit) Custody of, Custodial parent and noncustodial parent. Efile 2010 taxes Death of child Head of household, qualifying person to file as, Death or birth. Efile 2010 taxes , Death or birth. Efile 2010 taxes Deductions, Line 2 (deductions). Efile 2010 taxes Dividends of (see this heading: Investment income of child under age 18) Earnings of, Child's earnings. Efile 2010 taxes Filing requirements, Child's earnings. Efile 2010 taxes As dependents (Table 1-2), Do I Have To File a Return? Gifts to, Income from property given to a child. Efile 2010 taxes , Income from property received as a gift. Efile 2010 taxes Inclusion of child's income on parent's return (Figure 31-A), Penalty for underpayment of estimated tax. Efile 2010 taxes Income, calculation of, Figuring Child's Income Capital gains distributions, Capital gain distributions and qualified dividends. Efile 2010 taxes Investment income of, Tax on unearned income of certain children. Efile 2010 taxes Investment income of child under age 18 Dependent filing requirements (Table 1-2), Do I Have To File a Return? Interest and dividends, Certain Children Under Age 19 or Full-Time Students Parents' election to report on Form 1040, Certain Children Under Age 19 or Full-Time Students, Investment income of child reported on parent's return. Efile 2010 taxes Kidnapped, Kidnapped child. Efile 2010 taxes , Kidnapped child. Efile 2010 taxes Net unearned income, figuring of, Step 1. Efile 2010 taxes Figuring the Child's Net Unearned Income (Form 8615, Part I) Nontaxable income, Nontaxable income. Efile 2010 taxes Property received as gift, income from, Income from property received as a gift. Efile 2010 taxes Signing return, parent for child, Spouse unable to sign. Efile 2010 taxes Standard deduction for, Introduction, Standard Deduction for Dependents Stillborn, Stillborn child. Efile 2010 taxes Support of (see Child support) Tax credit (see Child tax credit) Tentative tax figured at parent's tax rate, Step 2. Efile 2010 taxes Figuring Tentative Tax at the Parent's Tax Rate (Form 8615, Part II) Transporting school children, Transporting school children. Efile 2010 taxes Unearned income of, Tax on unearned income of certain children. Efile 2010 taxes Unearned income of certain children, Introduction Form 8615, use of (Figure 31-B), Parental information, providing of, Providing Parental Information (Form 8615, lines A–C) Parents' election to report on Form 1040, Parent's Election To Report Child's Interest and Dividends Trust income, Trust income. Efile 2010 taxes Unearned income defined, Unearned income defined. Efile 2010 taxes Chronic illness Accelerated payment of life insurance proceeds (see Accelerated death benefits) Long-term care (see Long-term care insurance contracts) Church employees Filing requirements (Table 1-3), Figuring tax. Efile 2010 taxes Churches, temples, etc. Efile 2010 taxes Charitable contributions to, Examples. Efile 2010 taxes , Table 24-1. Efile 2010 taxes Examples of Charitable Contributions—A Quick Check Convention delegates, deduction of unreimbursed expenses, Conventions. Efile 2010 taxes Citizen or resident test, Citizen or Resident Test Citizens outside U. Efile 2010 taxes S. Efile 2010 taxes Business travel outside U. Efile 2010 taxes S. Efile 2010 taxes , Travel Outside the United States, Travel Primarily for Business, Travel Primarily for Personal Reasons Self-employed persons, Exception 1 - No substantial control. Efile 2010 taxes Standard meal allowance, Standard meal allowance for areas outside the continental United States. Efile 2010 taxes Earned income exclusion, Reminders Employment (see Foreign employment) Extension of time to file, Individuals Outside the United States Filing requirements, U. Efile 2010 taxes S. Efile 2010 taxes Citizens and Resident Aliens Living Abroad Withholding from IRA distributions, IRA distributions delivered outside the United States. Efile 2010 taxes Civic associations Charitable contributions to, Contributions to Nonqualified Organizations Contributions to, no charitable deduction for, Table 24-1. Efile 2010 taxes Examples of Charitable Contributions—A Quick Check Civil defense organizations Charitable contributions to, Examples. Efile 2010 taxes Civil service retirement benefits, Civil service retirement benefits. Efile 2010 taxes Civil suits, Court awards and damages. Efile 2010 taxes (see also Damages from lawsuits) Civil tax penalties (see Penalties) Clergy, Ministers. Efile 2010 taxes Contributions that can be spent as individual wishes, not deductible charitable contribution, Contributions to Individuals Housing, Clergy Real estate taxes when receiving housing allowance, Ministers' and military housing allowances. Efile 2010 taxes , Ministers' and military housing allowance. Efile 2010 taxes Life insurance proceeds when chaplain died in line of duty, Public Safety Officer Killed in the Line of Duty Pensions, Pension. Efile 2010 taxes Special income rules, Clergy Clerical help, deductibility of, Clerical Help and Office Rent Clients, Meals and Incidental Expenses, Entertainment Expenses (see also Entertainment expenses) Business travel to meet, Transportation Expenses Travel expenses of, paying for, Business associate. Efile 2010 taxes Closing costs Real property transactions, Settlement costs. Efile 2010 taxes Sale of home, Settlement fees or closing costs. Efile 2010 taxes Clothing Military, Military uniforms. Efile 2010 taxes Moth damage, not casualty loss, Progressive deterioration. Efile 2010 taxes Uniforms Charitable organization requiring, deduction for cost and upkeep of, Uniforms. Efile 2010 taxes Used clothing, charitable deduction for fair market value, Used clothing and household items. Efile 2010 taxes work, Work Clothes and Uniforms Club dues and membership fees Entertainment expenses, Club dues and membership fees. Efile 2010 taxes Co-owners Dwelling unit used as home by co-owner, rental income and expense allocation, Shared equity financing agreement. Efile 2010 taxes Coal and iron ore, Coal and iron ore. Efile 2010 taxes Coins (see Collectibles) Collectibles As capital assets, Capital Assets and Noncapital Assets, Gold, silver, stamps, coins, gems, etc. Efile 2010 taxes Gains or losses from sale or trade of, Investment interest deducted. Efile 2010 taxes IRA investment in, Investment in Collectibles, Exception. Efile 2010 taxes College professor Research expenses, Research Expenses of a College Professor Colleges and universities Charitable contributions to, Examples. Efile 2010 taxes , Table 24-1. Efile 2010 taxes Examples of Charitable Contributions—A Quick Check Athletic events, amount deductible, Athletic events. Efile 2010 taxes Education costs, Qualified tuition programs (QTPs). Efile 2010 taxes (see also Qualified tuition programs) Employer-provided educational assistance, Qualified Education Expenses (see also Educational assistance) Combat zone Extension to file return, Individuals Serving in Combat Zone Signing return for spouse, Spouse in combat zone. Efile 2010 taxes Commission drivers Deduction of expenses, Statutory employees. Efile 2010 taxes Commissions, Supplemental Wages Advance, Advance commissions and other earnings. Efile 2010 taxes IRAs with brokers, Brokers' commissions. Efile 2010 taxes , Brokers' commissions. Efile 2010 taxes Property basis to include when buyer pays, Settlement costs. Efile 2010 taxes Sharing of (kickbacks), Kickbacks. Efile 2010 taxes Unearned, deduction for repayment of, Advance commissions and other earnings. Efile 2010 taxes Commodities Derivative financial instruments, Capital Assets and Noncapital Assets Common law marriage, Considered married. Efile 2010 taxes Communist organizations Charitable contributions to, Contributions to Nonqualified Organizations Community property, Community income. Efile 2010 taxes , Community property. Efile 2010 taxes Alimony, difference from, Payments not alimony. Efile 2010 taxes IRAs, Community property laws. Efile 2010 taxes Married filing separately, Community property states. Efile 2010 taxes Medical and dental expenses, Community property states. Efile 2010 taxes Commuting expenses, Commuting expenses. Efile 2010 taxes , Commuting Expenses Employer-provided commuter vehicle, Commuter highway vehicle. Efile 2010 taxes Compensation, Wages, Salaries, and Other Earnings (see also Wages and salaries) Defined for IRA purposes, What is compensation? Defined for Roth IRA purposes, Compensation. Efile 2010 taxes Employee, Employee Compensation Miscellaneous compensation, Miscellaneous Compensation Nonemployee, Nonemployee compensation. Efile 2010 taxes Unemployment, Unemployment compensation. Efile 2010 taxes Computation of tax, Computations Equal amounts, Equal amounts. Efile 2010 taxes Negative amounts, Negative amounts. Efile 2010 taxes Rounding off dollars, Rounding off dollars. Efile 2010 taxes Computer, Depreciation on Computers Condemnation of property, Home destroyed or condemned. Efile 2010 taxes , Condemnations. Efile 2010 taxes Basis computation, Involuntary Conversions Disaster areas, government-ordered demolition of unsafe home, Deductible losses. Efile 2010 taxes Period of ownership and use, Previous home destroyed or condemned. Efile 2010 taxes Confidential information Privacy Act and paperwork reduction information, Reminders Travel expenses and, Confidential information. Efile 2010 taxes Constructive receipt of income, Constructive receipt. Efile 2010 taxes , Payment to an agent. Efile 2010 taxes , Constructive receipt. Efile 2010 taxes Contributions, Gift To Reduce Debt Held by the Public, Campaign contributions. Efile 2010 taxes , Contributions, Table 24-1. Efile 2010 taxes Examples of Charitable Contributions—A Quick Check, Contributions to Nonqualified Organizations, How To Report (see also Campaign contributions) (see also Charitable contributions) Nontaxable combat pay, Nontaxable combat pay. Efile 2010 taxes Political, Political Contributions Reservist repayments, Qualified reservist repayments. Efile 2010 taxes Retirement (see specific type of plan ) Controlled corporations Nontaxable stock purchase of, Property for stock of a controlled corporation. Efile 2010 taxes Related party transactions, Losses on sales or trades of property. Efile 2010 taxes Convenience fees, Credit or Debit Card Convenience Fees Conventions Delegates Deduction of unreimbursed expenses, Conventions. Efile 2010 taxes Travel expenses, Conventions Travel expenses, Conventions Work-related education, deduction of travel expenses for overseas conventions, Cruises and conventions. Efile 2010 taxes Conversion (see specific retirement or IRA plan ) Convertible stocks and bonds, Convertible stocks and bonds. Efile 2010 taxes Cooperative housing Dwelling unit used as home, Introduction Mortgage interest statements, Form 1098, Mortgage Interest Statement Real estate taxes, deduction of, Tenant-shareholders in a cooperative housing corporation. Efile 2010 taxes Sale or trade of Form 1099-S to report, Form 1099-S transactions. Efile 2010 taxes Period of ownership and use, Cooperative apartment. Efile 2010 taxes Cooperatives Patronage dividends, Patronage dividends. Efile 2010 taxes Copyrights, Capital Assets and Noncapital Assets Infringement damages, Court awards and damages. Efile 2010 taxes Royalties, Royalties Corporations, S Corporation Income (see also S corporations) Controlled corporations, Property for stock of a controlled corporation. Efile 2010 taxes , Losses on sales or trades of property. Efile 2010 taxes Director fees as self-employment income, Corporate director. Efile 2010 taxes Reorganizations and nontaxable trade of stock, Corporate reorganizations. Efile 2010 taxes Corrections (see Errors) Cosmetic surgery Not deductible as medical expense, Table 21-1. Efile 2010 taxes Medical and Dental Expenses Checklist. Efile 2010 taxes See Publication 502 for more information about these and other expenses. Efile 2010 taxes Cosmetics Not deductible as medical expense, Table 21-1. Efile 2010 taxes Medical and Dental Expenses Checklist. Efile 2010 taxes See Publication 502 for more information about these and other expenses. Efile 2010 taxes Cost basis, Useful Items - You may want to see: IRAs for nondeductible contributions, Cost basis. Efile 2010 taxes , Partly taxable. Efile 2010 taxes Cost-of-living allowances, Government cost-of-living allowances. Efile 2010 taxes Country clubs Charitable contributions to, Contributions to Nonqualified Organizations Dues Charitable deduction not allowed, Table 24-1. Efile 2010 taxes Examples of Charitable Contributions—A Quick Check, Membership fees or dues. Efile 2010 taxes Entertainment expense deduction not allowed, Club dues and membership fees. Efile 2010 taxes Coupon bonds, Coupon bonds. Efile 2010 taxes Court awards and damages (see Damages from lawsuits) Cousin, Cousin. Efile 2010 taxes Coverdell ESAs Additional tax on, Other taxes. Efile 2010 taxes CPAs (see Accountants) Credit cards Annual fees, not deductible, Items You Cannot Deduct Benefits, taxability of insurance, Credit card insurance. Efile 2010 taxes Charitable contributions charged to, Credit card. Efile 2010 taxes Finance charges, not deductible, Personal Interest Payment of taxes, Reminders Credit for child and dependent care expenses, Credit for child and dependent care expenses. Efile 2010 taxes , Credit for child and dependent care expenses. Efile 2010 taxes Credit for prior year minimum tax Nonrefundable, Nonrefundable Credit for Prior Year Minimum Tax Credit for the elderly or the disabled, Credit for the elderly or the disabled. Efile 2010 taxes , Credit for the elderly or the disabled. Efile 2010 taxes Credit or debit cards Payment of taxes, E-file and pay by credit or debit card or by direct transfer from your bank account. Efile 2010 taxes Credit reports Costs not included in property basis, Settlement costs. Efile 2010 taxes Fees for, not deductible, Items You Cannot Deduct Credit to holders of tax credit bonds, Credit to Holders of Tax Credit Bonds Credits, Credits. Efile 2010 taxes , Earned income credit. Efile 2010 taxes , Credit for child and dependent care expenses. Efile 2010 taxes , Credit for the elderly or the disabled. Efile 2010 taxes , Earned income credit. Efile 2010 taxes , Credit for child and dependent care expenses. Efile 2010 taxes , Credit for the elderly or the disabled. Efile 2010 taxes , Earned income credit. Efile 2010 taxes Alternative motor vehicle, Alternative Motor Vehicle Credit American opportunity, Special Rules Build America bonds (see Credit to holders of tax credit bonds) Capital gains, undistributed, credit for tax on, Undistributed capital gains of mutual funds and REITs. Efile 2010 taxes , Credit for Tax on Undistributed Capital Gain Child and dependent care, Child and Dependent Care Credit (see Child and dependent care credit) Child tax (see Child tax credit) Clean renewable energy bonds (see Credit to holders of tax credit bonds) Earned income, Earned Income Credit (EIC) (see Earned income credit) Elderly or the disabled, Credit for the Elderly or the Disabled Excess withholding, Credit for Excess Social Security Tax or Railroad Retirement Tax Withheld Foreign tax, Foreign Tax Credit Health coverage, Health Coverage Tax Credit Lifetime learning (see Lifetime learning credit) Mortgage interest, Mortgage Interest Credit Nonrefundable credits, Nonrefundable Credits Plug-in electric drive motor vehicle, Plug-in Electric Drive Motor Vehicle Credit Prior year minimum tax (AMT), nonrefundable, Nonrefundable Credit for Prior Year Minimum Tax Qualified energy conservation bonds (see Credit to holders of tax credit bonds) Qualified school construction bonds (see Credit to holders of tax credit bonds) Qualified zone academy bonds (see Credit to holders of tax credit bonds) Refundable credits, Refundable Credits Residential energy, Residential Energy Credits Retirement savings contribution, Retirement Savings Contributions Credit (Saver's Credit) Cremation Not deductible as medical expense, Table 21-1. Efile 2010 taxes Medical and Dental Expenses Checklist. Efile 2010 taxes See Publication 502 for more information about these and other expenses. Efile 2010 taxes Criminal prosecutions Travel expenses for federal staff, Exception for federal crime investigations or prosecutions. Efile 2010 taxes Cruises Travel expenses when incidental business activities, Trip Primarily for Personal Reasons Work-related education, deduction of expenses, Cruises and conventions. Efile 2010 taxes Custodial fees, Investment Fees and Expenses Custody of child, Custodial parent and noncustodial parent. Efile 2010 taxes Customers, Meals and Incidental Expenses, Entertainment Expenses (see also Entertainment expenses) Business travel to meet, Transportation Expenses Travel expenses of, paying for, Business associate. Efile 2010 taxes D Daily allowance (see Per diem) Damage to property, Nonbusiness Casualty and Theft Losses (see also Casualty losses) Disasters, Employer's emergency disaster fund. Efile 2010 taxes , Disaster relief. Efile 2010 taxes (see also Disaster relief) Damages, Damages for Breach of Employment Contract Damages from lawsuits, Court awards and damages. Efile 2010 taxes Medical expenses as part of settlement, Damages for Personal Injuries Dating your return, Signatures Daycare centers, You can use Form 1040A if all of the following apply. Efile 2010 taxes , Childcare providers. Efile 2010 taxes , Care outside your home. Efile 2010 taxes (see also Child and dependent care credit) (see also Child care) De minimis benefits, De Minimis (Minimal) Benefits Deadlines (see Due dates) Death (see Decedents) Death benefits Accelerated, Accelerated Death Benefits, Exclusion for terminal illness. Efile 2010 taxes Life insurance proceeds (see Life insurance) Public safety officers who died or were killed in line of duty, tax exclusion, Public Safety Officer Killed in the Line of Duty Death of child, Death or birth of child. Efile 2010 taxes Death of dependent, Death or birth. Efile 2010 taxes Debt instruments (see Bonds or Notes) Debts, Exceptions for special types of refunds. Efile 2010 taxes , Recoveries (see also Bad debts) Canceled (see Cancellation of debt) Nonrecourse, Mortgage relief upon sale or other disposition. Efile 2010 taxes Paid by another, Debts paid for you. Efile 2010 taxes Payoff of debt included in sales transaction, Debt paid off. Efile 2010 taxes Public, gifts to reduce, Gift To Reduce Debt Held by the Public Recourse, Mortgage relief upon sale or other disposition. Efile 2010 taxes Refund offset against, Refunds. Efile 2010 taxes , Offset against debts. Efile 2010 taxes Deceased taxpayers (see Decedents) Decedents, Surviving Spouses, Executors, Administrators, and Legal Representatives (see also Executors and administrators) Capital loss of, Decedent's capital loss. Efile 2010 taxes Deceased spouse, Surviving Spouses, Executors, Administrators, and Legal Representatives Personal exemption, Death of spouse. Efile 2010 taxes Due dates, Filing for a decedent. Efile 2010 taxes Filing requirements, Surviving Spouses, Executors, Administrators, and Legal Representatives Funeral expenses, Contributions to Individuals Medical and dental expenses, Decedent Savings bonds, Decedents. Efile 2010 taxes Spouse's death, Spouse died during the year. Efile 2010 taxes , Spouse died. Efile 2010 taxes Standard deduction, Decedent's final return. Efile 2010 taxes Transfer of property at death, Other property transactions. Efile 2010 taxes Declaration of rights of taxpayers IRS request for information, Reminders Deduction Costs of discrimination suits, Deduction for costs involved in unlawful discrimination suits. Efile 2010 taxes Deductions, Special Rules, Personal Exemptions and Dependents, Your Own Exemption, Recoveries, Nonbusiness Bad Debts, How to report bad debts. Efile 2010 taxes , Capital Losses , Introduction, Standard Deduction, Points, Treatment by buyer. Efile 2010 taxes , Meals and Incidental Expenses, Entertainment Expenses (see also Bad debts) (see also Capital losses) (see also Entertainment expenses) (see also Personal exemption) (see also Points) (see also Recovery of amounts previously deducted) (see also Standard deduction) Alimony, deductible by payer, How To Deduct Alimony Paid Casualty losses, Casualty and Theft Losses of Income-Producing Property (see Capital losses) Changing claim after filing, need to amend, Amended Returns and Claims for Refund Charitable contributions, Contributions, How To Report (see also Charitable contributions) Dental expenses (see Medical and dental expenses) Depreciation, Depreciation and section 179 deduction. Efile 2010 taxes Educator expenses, Educator Expenses Estate, Excess Deductions of an Estate Fee-basis government officials, Special Rules Impairment-related work expenses, Impairment-Related Work Expenses, Impairment-related work expenses of disabled employees. Efile 2010 taxes Interest (see Interest payments) Investment expenses, Investment expenses. Efile 2010 taxes IRA contributions (see Individual retirement arrangements (IRAs)) Itemizing (see Itemized deductions) Long-term care insurance contracts, Table 21-1. Efile 2010 taxes Medical and Dental Expenses Checklist. Efile 2010 taxes See Publication 502 for more information about these and other expenses. Efile 2010 taxes Medical expenses (see Medical and dental expenses) Mortgage interest, Hardest Hit Fund and Emergency Homeowners' Loan Programs. Efile 2010 taxes (see Mortgages) Not itemizing, use of Form 1040A, You can use Form 1040A if all of the following apply. Efile 2010 taxes Pass-through entities, Indirect Deductions of Pass-Through Entities Penalties, no deduction permitted, Penalties. Efile 2010 taxes Performing artists' expenses, Expenses of certain performing artists. Efile 2010 taxes Prepaid insurance premiums, Prepaid insurance premiums. Efile 2010 taxes Prescription medicines, Table 21-1. Efile 2010 taxes Medical and Dental Expenses Checklist. Efile 2010 taxes See Publication 502 for more information about these and other expenses. Efile 2010 taxes Rental expenses, When to deduct. Efile 2010 taxes Repayments, Repayments Section 179 deductions Adjustment to basis for, Depreciation and section 179 deduction. Efile 2010 taxes Car expenses, Depreciation and section 179 deductions. Efile 2010 taxes Self-employed persons Health insurance premiums, Health Insurance Costs for Self-Employed Persons Social security and railroad retirement benefits, Deductions Related to Your Benefits Standard deduction, Standard Deduction, Married persons who filed separate returns. Efile 2010 taxes Stop-smoking programs, Table 21-1. Efile 2010 taxes Medical and Dental Expenses Checklist. Efile 2010 taxes See Publication 502 for more information about these and other expenses. Efile 2010 taxes Student loan interest deduction (see Student loans) Theft loss, Casualty and Theft Losses of Income-Producing Property Transportation expenses (see Travel and transportation expenses) Union dues (see Labor unions) Work-related education, What Expenses Can Be Deducted Deeds Preparation costs for, Amounts charged for services. Efile 2010 taxes Recording fees, basis to include, Real estate taxes. Efile 2010 taxes Deferred annuity contracts (see Annuities) Deferred compensation Limit, Elective deferrals. Efile 2010 taxes Nonqualified plans, Nonqualified deferred compensation plans. Efile 2010 taxes Deferred compensation plans (see Retirement plans) Delinquent taxes Real estate transactions, tax allocation, Real estate taxes for prior years. Efile 2010 taxes Delivery services, Private delivery services. Efile 2010 taxes Business-related travel expense, Table 26-1. Efile 2010 taxes Travel Expenses You Can Deduct This chart summarizes expenses you can deduct when you travel away from home for business purposes. Efile 2010 taxes Demutualization of life insurance companies, Demutualization of life insurance companies. Efile 2010 taxes Dental expenses (see Medical and dental expenses) Dentures Deductibility as medical expense, Table 21-1. Efile 2010 taxes Medical and Dental Expenses Checklist. Efile 2010 taxes See Publication 502 for more information about these and other expenses. Efile 2010 taxes Dependent care Benefits, Dependent care benefits. Efile 2010 taxes , Dependent Care Benefits Center, Dependent care center. Efile 2010 taxes Credit for, Child and Dependent Care Credit Dependent taxpayer test, Dependent Taxpayer Test Dependents, Who Should File, You can use Form 1040A if all of the following apply. Efile 2010 taxes , Exception for adopted child. Efile 2010 taxes , Filers who have certain child dependents with an Individual Taxpayer Identification Number (ITIN). Efile 2010 taxes (see also Child tax credit) Birth of, Death or birth. Efile 2010 taxes Born and died within year, Exception. Efile 2010 taxes , Born and died in 2013. Efile 2010 taxes Death of, Death or birth. Efile 2010 taxes Deceased dependent's medical and dental expenses, What if you pay medical expenses of a deceased spouse or dependent? Disabled dependent care expenses, deduction for, Disabled Dependent Care Expenses Exemption for, Exemptions for Dependents Filing requirements, Child's earnings. Efile 2010 taxes Earned income, unearned income, and gross income levels (Table 1-2), Do I Have To File a Return? Married, filing joint return, Joint Return Test, Joint Return Test (To Be a Qualifying Child) Medical and dental expenses, Dependent Qualifying child, Qualifying Child, Qualifying Child Qualifying relative, Qualifying Relative, Qualifying Child Social security number, Dependent's SSN. Efile 2010 taxes Adoption taxpayer identification number, Adoption taxpayer identification number (ATIN). Efile 2010 taxes , Taxpayer identification numbers for aliens. Efile 2010 taxes Alien dependents, Born and died in 2013. Efile 2010 taxes Standard deduction for, Standard Deduction for Dependents Travel expenses for, Travel expenses for another individual. Efile 2010 taxes Tuition deduction for, Who Can Claim a Dependent's Expenses Dependents not allowed to claim dependents, Dependent Taxpayer Test Depletion allowance, Depletion. Efile 2010 taxes Deposits, Fees and deposits. Efile 2010 taxes Loss on, Loss on Deposits Losses on, Deposit in Insolvent or Bankrupt Financial Institution, Loss on Deposits Reporting of, Loss on deposits. Efile 2010 taxes Depreciation Adjustment to basis for, Depreciation and section 179 deduction. Efile 2010 taxes Cars, Depreciation and section 179 deductions. Efile 2010 taxes Change of use of property, Basis for depreciation. Efile 2010 taxes Computer, Depreciation on Computers Correcting amount claimed, Claiming the correct amount of depreciation. Efile 2010 taxes Form 4562 Rental property depreciation, Depreciation Home computer, Depreciation on Home Computer Property used in trade or business, as noncapital assets, Capital Assets and Noncapital Assets Real property Gain from disposition of property, Depreciation after May 6, 1997. Efile 2010 taxes Land, no depreciation of, Land. Efile 2010 taxes Rental property, Depreciation. Efile 2010 taxes , Depreciation Designated Roth Account Defined. Efile 2010 taxes , Designated Roth accounts. Efile 2010 taxes Designated Roth account, Designated Roth accounts. Efile 2010 taxes , Designated Roth accounts. Efile 2010 taxes Destroyed records, Destroyed records. Efile 2010 taxes Diaper service, Table 21-1. Efile 2010 taxes Medical and Dental Expenses Checklist. Efile 2010 taxes See Publication 502 for more information about these and other expenses. Efile 2010 taxes Differential wage payments, Differential wage payments. Efile 2010 taxes Differential wages Wages for reservists Military reserves, Differential wage payments. Efile 2010 taxes Direct deposit of refunds, Refunds Directors' fees, Corporate director. Efile 2010 taxes Disabilities, persons with, Qualifying Person Test, Physically or mentally not able to care for oneself. Efile 2010 taxes , Credit for the Elderly or the Disabled (see also Elderly or the disabled) Accrued leave payment, Accrued leave payment. Efile 2010 taxes Armed forces, Disability. Efile 2010 taxes Blind (see Blind persons) Cafeteria plans, Cafeteria plans. Efile 2010 taxes Credit for (see Elderly or disabled, credit for) Dependent who is disabled, deduction for care expenses, Disabled Dependent Care Expenses Guide dogs, deductible as medical expense, Table 21-1. Efile 2010 taxes Medical and Dental Expenses Checklist. Efile 2010 taxes See Publication 502 for more information about these and other expenses. Efile 2010 taxes Impairment-related work expenses of, Impairment-Related Work Expenses, Impairment-related work expenses of disabled employees. Efile 2010 taxes Work-related education, Impairment-Related Work Expenses Insurance costs, Cost paid by you. Efile 2010 taxes Military and government pensions, Military and Government Disability Pensions Public assistance benefits, Persons with disabilities. Efile 2010 taxes Reporting of disability pension income, Disability Pensions Retirement, pensions, and profit-sharing plans, Sickness and Injury Benefits, Retirement and profit-sharing plans. Efile 2010 taxes Signing of return by court-appointed representative, Court-appointed, conservator, or other fiduciary. Efile 2010 taxes Social security and railroad retirement benefits, deductions for, Disability payments. Efile 2010 taxes Special school or home for, deductibility of medical expense, Table 21-1. Efile 2010 taxes Medical and Dental Expenses Checklist. Efile 2010 taxes See Publication 502 for more information about these and other expenses. Efile 2010 taxes Terrorist attack as cause of injury, disability payments excluded from taxation, Disability pensions. Efile 2010 taxes Workers' compensation, Workers' Compensation Disability Income, Disability income. Efile 2010 taxes Disability benefits Earned income credit, Form 4029. Efile 2010 taxes Disability insurance payments Earned income credit, Disability insurance payments. Efile 2010 taxes Disability, permanent and total disability, Permanent and total disability. Efile 2010 taxes Disabled Child, Permanently and totally disabled. Efile 2010 taxes Dependent, Disabled dependent working at sheltered workshop. Efile 2010 taxes Disaster Assistance Act of 1988 Withholding, Federal Payments Disaster relief, Terrorist attack or military action. Efile 2010 taxes , Disaster relief payments. Efile 2010 taxes , Disaster relief. Efile 2010 taxes (see also Terrorist attacks) Cash gifts to victims, Cash gifts. Efile 2010 taxes Disaster Relief and Emergency Assistance Act Grants, Disaster relief grants. Efile 2010 taxes Unemployment assistance, Types of unemployment compensation. Efile 2010 taxes Employer's emergency disaster fund, Employer's emergency disaster fund. Efile 2010 taxes Government-ordered demolition or relocation of home that is unsafe due to, Deductible losses. Efile 2010 taxes Grants or payments, Disaster relief grants. Efile 2010 taxes Replacement of lost or destroyed property, Disaster relief. Efile 2010 taxes Discharge of qualified principal residence indebtedness, Discharges of qualified principal residence indebtedness. Efile 2010 taxes , Adjusted Basis Disclosure statement, Disclosure statement. Efile 2010 taxes Discount, bonds and notes issued at, Original Issue Discount (OID) Discounted debt instruments Capital gain or loss, Discounted Debt Instruments Discounts Employee discounts, effect on basis, Bargain purchases. Efile 2010 taxes Distributions, Eligible rollover distributions. Efile 2010 taxes (see also Rollovers) Early (see Early withdrawal from deferred interest account) Liquidating distributions, Liquidating Distributions Lump sum (see Lump-sum distributions) Nondividend distributions, Nondividend Distributions Qualified charitable, Qualified charitable distributions (QCD). Efile 2010 taxes Qualified reservist, Qualified reservist distributions. Efile 2010 taxes Required minimum distributions, Required distributions. Efile 2010 taxes , Required distributions. Efile 2010 taxes , When Must You Withdraw IRA Assets? (Required Minimum Distributions) (see also Individual retirement arrangements (IRAs)) (see also Pensions) Return of capital, Nondividend Distributions District of Columbia First-time homebuyer credit, Decreases to basis. Efile 2010 taxes Dividends, Dividends and Other Distributions, Form 1099-DIV. Efile 2010 taxes , More information. Efile 2010 taxes (see also Form 1099-DIV) Alaska Permanent Fund (see Alaska Permanent Fund dividends) As stock dividends and stock rights, Distributions of Stock and Stock Rights Backup withholding, Backup withholding. Efile 2010 taxes Beneficiary of estate or trust receiving, Beneficiary of an estate or trust. Efile 2010 taxes Buying more stock with, Dividends Used to Buy More Stock Defined, Introduction Exempt-interest dividends, Other Distributions Expenses related to, deduction of, Expenses related to dividend income. Efile 2010 taxes Fees to collect, Fees to Collect Interest and Dividends Foreign income, Reminder Holding period, determination of, Stock dividends. Efile 2010 taxes Insurance dividends, Dividends on insurance policies. Efile 2010 taxes Money market funds, Money Market Funds Nominees receiving on behalf of another, Nominees. Efile 2010 taxes Nondividend distributions, Nondividend Distributions Ordinary dividends, Ordinary Dividends Patronage dividends, Patronage dividends. Efile 2010 taxes Qualified, Qualified Dividends, Qualified dividends. Efile 2010 taxes Real estate investment trusts (REITs) paying, Capital Gain Distributions Redemption treated as, Dividend versus sale or trade. Efile 2010 taxes Reinvestment plans, Dividends Used to Buy More Stock Reporting of, How To Report Dividend Income As interest, Introduction Scrip dividends, Scrip dividends. Efile 2010 taxes Sold stock, Dividends on stock sold. Efile 2010 taxes Stockholder debts when canceled as, Stockholder debt. Efile 2010 taxes Veterans' insurance, Dividends on veterans' insurance. Efile 2010 taxes Divorced parents, Children of divorced or separated parents (or parents who live apart). Efile 2010 taxes , Applying this special rule to divorced or separated parents (or parents who live apart). Efile 2010 taxes Divorced taxpayers, Alimony. Efile 2010 taxes (see also Alimony) Child and dependent care credit, Child of divorced or separated parents or parents living apart. Efile 2010 taxes Child custody, Custodial parent and noncustodial parent. Efile 2010 taxes Definition of divorce instrument for purposes of alimony, Divorce or separation instrument. Efile 2010 taxes Estimated tax payments, Divorced Taxpayers Filing status, Divorced persons. Efile 2010 taxes , Divorced persons. Efile 2010 taxes IRAs, Kay Bailey Hutchison Spousal IRA. Efile 2010 taxes , Transfers Incident to Divorce Medical and dental expenses of children of, Child of divorced or separated parents. Efile 2010 taxes Mortgage interest, payment as alimony, Divorced or separated individuals. Efile 2010 taxes Personal exemption, Divorced or separated spouse. Efile 2010 taxes Real estate taxes, allocation of, Divorced individuals. Efile 2010 taxes Transfers between spouses, Property Transferred From a Spouse, Transfers Between Spouses Use of home after divorce, Use of home after divorce. Efile 2010 taxes Doctors' bills (see Medical and dental expenses) Documentary evidence Recordkeeping requirements, Documentary evidence. Efile 2010 taxes Domestic help Withholding, Household workers. Efile 2010 taxes Domestic help, no exemption for, Housekeepers, maids, or servants. Efile 2010 taxes
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The Efile 2010 Taxes

Efile 2010 taxes 9. Efile 2010 taxes   Rental Income and Expenses Table of Contents Introduction Useful Items - You may want to see: Rental Income Rental ExpensesVacant while listed for sale. Efile 2010 taxes Repairs and Improvements Other Expenses Property Changed to Rental Use Renting Part of Property Not Rented for Profit Personal Use of Dwelling Unit (Including Vacation Home)Example. Efile 2010 taxes Dividing Expenses Dwelling Unit Used as a Home Reporting Income and Deductions DepreciationChanging your accounting method to deduct unclaimed depreciation. Efile 2010 taxes Limits on Rental LossesAt-Risk Rules Passive Activity Limits How To Report Rental Income and ExpensesSchedule E (Form 1040) Introduction This chapter discusses rental income and expenses. Efile 2010 taxes It also covers the following topics. Efile 2010 taxes Personal use of dwelling unit (including vacation home). Efile 2010 taxes Depreciation. Efile 2010 taxes Limits on rental losses. Efile 2010 taxes How to report your rental income and expenses. Efile 2010 taxes If you sell or otherwise dispose of your rental property, see Publication 544, Sales and Other Dispositions of Assets. Efile 2010 taxes If you have a loss from damage to, or theft of, rental property, see Publication 547, Casualties, Disasters, and Thefts. Efile 2010 taxes If you rent a condominium or a cooperative apartment, some special rules apply to you even though you receive the same tax treatment as other owners of rental property. Efile 2010 taxes See Publication 527, Residential Rental Property, for more information. Efile 2010 taxes Useful Items - You may want to see: Publication 527 Residential Rental Property 534 Depreciating Property Placed in Service Before 1987 535 Business Expenses 925 Passive Activity and At-Risk Rules 946 How To Depreciate Property Form (and Instructions) 4562 Depreciation and Amortization 6251 Alternative Minimum Tax—Individuals 8582 Passive Activity Loss Limitations Schedule E (Form 1040) Supplemental Income and Loss Rental Income In most cases, you must include in your gross income all amounts you receive as rent. Efile 2010 taxes Rental income is any payment you receive for the use or occupation of property. Efile 2010 taxes In addition to amounts you receive as normal rent payments, there are other amounts that may be rental income. Efile 2010 taxes When to report. Efile 2010 taxes   If you are a cash-basis taxpayer, you report rental income on your return for the year you actually or constructively receive it. Efile 2010 taxes You are a cash-basis taxpayer if you report income in the year you receive it, regardless of when it was earned. Efile 2010 taxes You constructively receive income when it is made available to you, for example, by being credited to your bank account. Efile 2010 taxes   For more information about when you constructively receive income, see Accounting Methods in chapter 1. Efile 2010 taxes Advance rent. Efile 2010 taxes   Advance rent is any amount you receive before the period that it covers. Efile 2010 taxes Include advance rent in your rental income in the year you receive it regardless of the period covered or the method of accounting you use. Efile 2010 taxes Example. Efile 2010 taxes You sign a 10-year lease to rent your property. Efile 2010 taxes In the first year, you receive $5,000 for the first year's rent and $5,000 as rent for the last year of the lease. Efile 2010 taxes You must include $10,000 in your income in the first year. Efile 2010 taxes Canceling a lease. Efile 2010 taxes   If your tenant pays you to cancel a lease, the amount you receive is rent. Efile 2010 taxes Include the payment in your income in the year you receive it regardless of your method of accounting. Efile 2010 taxes Expenses paid by tenant. Efile 2010 taxes   If your tenant pays any of your expenses, the payments are rental income. Efile 2010 taxes Because you must include this amount in income, you can deduct the expenses if they are deductible rental expenses. Efile 2010 taxes See Rental Expenses , later, for more information. Efile 2010 taxes Property or services. Efile 2010 taxes   If you receive property or services, instead of money, as rent, include the fair market value of the property or services in your rental income. Efile 2010 taxes   If the services are provided at an agreed upon or specified price, that price is the fair market value unless there is evidence to the contrary. Efile 2010 taxes Security deposits. Efile 2010 taxes   Do not include a security deposit in your income when you receive it if you plan to return it to your tenant at the end of the lease. Efile 2010 taxes But if you keep part or all of the security deposit during any year because your tenant does not live up to the terms of the lease, include the amount you keep in your income in that year. Efile 2010 taxes   If an amount called a security deposit is to be used as a final payment of rent, it is advance rent. Efile 2010 taxes Include it in your income when you receive it. Efile 2010 taxes Part interest. Efile 2010 taxes   If you own a part interest in rental property, you must report your part of the rental income from the property. Efile 2010 taxes Rental of property also used as your home. Efile 2010 taxes   If you rent property that you also use as your home and you rent it less than 15 days during the tax year, do not include the rent you receive in your income and do not deduct rental expenses. Efile 2010 taxes However, you can deduct on Schedule A (Form 1040) the interest, taxes, and casualty and theft losses that are allowed for nonrental property. Efile 2010 taxes See Personal Use of Dwelling Unit (Including Vacation Home) , later. Efile 2010 taxes Rental Expenses This part discusses expenses of renting property that you ordinarily can deduct from your rental income. Efile 2010 taxes It includes information on the expenses you can deduct if you rent part of your property, or if you change your property to rental use. Efile 2010 taxes Depreciation , which you can also deduct from your rental income, is discussed later. Efile 2010 taxes Personal use of rental property. Efile 2010 taxes   If you sometimes use your rental property for personal purposes, you must divide your expenses between rental and personal use. Efile 2010 taxes Also, your rental expense deductions may be limited. Efile 2010 taxes See Personal Use of Dwelling Unit (Including Vacation Home) , later. Efile 2010 taxes Part interest. Efile 2010 taxes   If you own a part interest in rental property, you can deduct expenses that you paid according to your percentage of ownership. Efile 2010 taxes When to deduct. Efile 2010 taxes   If you are a cash-basis taxpayer, you generally deduct your rental expenses in the year you pay them. Efile 2010 taxes Depreciation. Efile 2010 taxes   You can begin to depreciate rental property when it is ready and available for rent. Efile 2010 taxes See Placed-in-Service under When Does Depreciation Begin and End in chapter 2 of Publication 527. Efile 2010 taxes Pre-rental expenses. Efile 2010 taxes   You can deduct your ordinary and necessary expenses for managing, conserving, or maintaining rental property from the time you make it available for rent. Efile 2010 taxes Uncollected rent. Efile 2010 taxes   If you are a cash-basis taxpayer, do not deduct uncollected rent. Efile 2010 taxes Because you have not included it in your income, it is not deductible. Efile 2010 taxes Vacant rental property. Efile 2010 taxes   If you hold property for rental purposes, you may be able to deduct your ordinary and necessary expenses (including depreciation) for managing, conserving, or maintaining the property while the property is vacant. Efile 2010 taxes However, you cannot deduct any loss of rental income for the period the property is vacant. Efile 2010 taxes Vacant while listed for sale. Efile 2010 taxes   If you sell property you held for rental purposes, you can deduct the ordinary and necessary expenses for managing, conserving, or maintaining the property until it is sold. Efile 2010 taxes If the property is not held out and available for rent while listed for sale, the expenses are not deductible rental expenses. Efile 2010 taxes Repairs and Improvements Generally, an expense for repairing or maintaining your rental property may be deducted if you are not required to capitalize the expense. Efile 2010 taxes Improvements. Efile 2010 taxes   You must capitalize any expense you pay to improve your rental property. Efile 2010 taxes An expense is for an improvement if it results in a betterment to your property, restores your property, or adapts your property to a new or different use. Efile 2010 taxes Betterments. Efile 2010 taxes   Expenses that may result in a betterment to your property include expenses for fixing a pre-existing defect or condition, enlarging or expanding your property, or increasing the capacity, strength, or quality of your property. Efile 2010 taxes Restoration. Efile 2010 taxes   Expenses that may be for restoration include expenses for replacing a substantial structural part of your property, repairing damage to your property after you properly adjusted the basis of your property as a result of a casualty loss, or rebuilding your property to a like-new condition. Efile 2010 taxes Adaptation. Efile 2010 taxes   Expenses that may be for adaptation include expenses for altering your property to a use that is not consistent with the intended ordinary use of your property when you began renting the property. Efile 2010 taxes Separate the costs of repairs and improvements, and keep accurate records. Efile 2010 taxes You will need to know the cost of improvements when you sell or depreciate your property. Efile 2010 taxes The expenses you capitalize for improving your property can generally be depreciated as if the improvement were separate property. Efile 2010 taxes Other Expenses Other expenses you can deduct from your rental income include advertising, cleaning and maintenance, utilities, fire and liability insurance, taxes, interest, commissions for the collection of rent, ordinary and necessary travel and transportation, and other expenses, discussed next. Efile 2010 taxes Insurance premiums paid in advance. Efile 2010 taxes   If you pay an insurance premium for more than one year in advance, for each year of coverage you can deduct the part of the premium payment that will apply to that year. Efile 2010 taxes You cannot deduct the total premium in the year you pay it. Efile 2010 taxes Legal and other professional fees. Efile 2010 taxes   You can deduct, as a rental expense, legal and other professional expenses, such as tax return preparation fees you paid to prepare Schedule E (Form 1040), Part I. Efile 2010 taxes For example, on your 2013 Schedule E, you can deduct fees paid in 2013 to prepare your 2012 Schedule E, Part I. Efile 2010 taxes You can also deduct, as a rental expense, any expense (other than federal taxes and penalties) you paid to resolve a tax underpayment related to your rental activities. Efile 2010 taxes Local benefit taxes. Efile 2010 taxes   In most cases, you cannot deduct charges for local benefits that increase the value of your property, such as charges for putting in streets, sidewalks, or water and sewer systems. Efile 2010 taxes These charges are nondepreciable capital expenditures, and must be added to the basis of your property. Efile 2010 taxes However, you can deduct local benefit taxes that are for maintaining, repairing, or paying interest charges for the benefits. Efile 2010 taxes Local transportation expenses. Efile 2010 taxes    You may be able to deduct your ordinary and necessary local transportation expenses if you incur them to collect rental income or to manage, conserve, or maintain your rental property. Efile 2010 taxes However, transportation expenses incurred to travel between your home and a rental property generally constitute nondeductible commuting costs unless you use your home as your principal place of business. Efile 2010 taxes See Publication 587, Business Use of Your Home, for information on determining if your home office qualifies as a principal place of business. Efile 2010 taxes   Generally, if you use your personal car, pickup truck, or light van for rental activities, you can deduct the expenses using one of two methods: actual expenses or the standard mileage rate. Efile 2010 taxes For 2013, the standard mileage rate for business use is 56. Efile 2010 taxes 5 cents per mile. Efile 2010 taxes For more information, see chapter 26. Efile 2010 taxes    To deduct car expenses under either method, you must keep records that follow the rules in chapter 26. Efile 2010 taxes In addition, you must complete Form 4562, Part V, and attach it to your tax return. Efile 2010 taxes Rental of equipment. Efile 2010 taxes   You can deduct the rent you pay for equipment that you use for rental purposes. Efile 2010 taxes However, in some cases, lease contracts are actually purchase contracts. Efile 2010 taxes If so, you cannot deduct these payments. Efile 2010 taxes You can recover the cost of purchased equipment through depreciation. Efile 2010 taxes Rental of property. Efile 2010 taxes   You can deduct the rent you pay for property that you use for rental purposes. Efile 2010 taxes If you buy a leasehold for rental purposes, you can deduct an equal part of the cost each year over the term of the lease. Efile 2010 taxes Travel expenses. Efile 2010 taxes   You can deduct the ordinary and necessary expenses of traveling away from home if the primary purpose of the trip is to collect rental income or to manage, conserve, or maintain your rental property. Efile 2010 taxes You must properly allocate your expenses between rental and nonrental activities. Efile 2010 taxes You cannot deduct the cost of traveling away from home if the primary purpose of the trip was to improve your property. Efile 2010 taxes You recover the cost of improvements by taking depreciation. Efile 2010 taxes For information on travel expenses, see chapter 26. Efile 2010 taxes    To deduct travel expenses, you must keep records that follow the rules in chapter 26. Efile 2010 taxes   See Rental Expenses in Publication 527 for more information. Efile 2010 taxes Property Changed to Rental Use If you change your home or other property (or a part of it) to rental use at any time other than the beginning of your tax year, you must divide yearly expenses, such as taxes and insurance, between rental use and personal use. Efile 2010 taxes You can deduct as rental expenses only the part of the expense that is for the part of the year the property was used or held for rental purposes. Efile 2010 taxes You cannot deduct depreciation or insurance for the part of the year the property was held for personal use. Efile 2010 taxes However, you can include the home mortgage interest, qualified mortgage insurance premiums, and real estate tax expenses for the part of the year the property was held for personal use as an itemized deduction on Schedule A (Form 1040). Efile 2010 taxes Example. Efile 2010 taxes Your tax year is the calendar year. Efile 2010 taxes You moved from your home in May and started renting it out on June 1. Efile 2010 taxes You can deduct as rental expenses seven-twelfths of your yearly expenses, such as taxes and insurance. Efile 2010 taxes Starting with June, you can deduct as rental expenses the amounts you pay for items generally billed monthly, such as utilities. Efile 2010 taxes Renting Part of Property If you rent part of your property, you must divide certain expenses between the part of the property used for rental purposes and the part of the property used for personal purposes, as though you actually had two separate pieces of property. Efile 2010 taxes You can deduct the expenses related to the part of the property used for rental purposes, such as home mortgage interest, qualified mortgage insurance premiums, and real estate taxes, as rental expenses on Schedule E (Form 1040). Efile 2010 taxes You can also deduct as rental expenses a portion of other expenses that normally are nondeductible personal expenses, such as expenses for electricity or painting the outside of your house. Efile 2010 taxes There is no change in the types of expenses deductible for the personal-use part of your property. Efile 2010 taxes Generally, these expenses may be deducted only if you itemize your deductions on Schedule A (Form 1040). Efile 2010 taxes You cannot deduct any part of the cost of the first phone line even if your tenants have unlimited use of it. Efile 2010 taxes You do not have to divide the expenses that belong only to the rental part of your property. Efile 2010 taxes For example, if you paint a room that you rent, or if you pay premiums for liability insurance in connection with renting a room in your home, your entire cost is a rental expense. Efile 2010 taxes If you install a second phone line strictly for your tenants' use, all of the cost of the second line is deductible as a rental expense. Efile 2010 taxes You can deduct depreciation, discussed later, on the part of the house used for rental purposes as well as on the furniture and equipment you use for rental purposes. Efile 2010 taxes How to divide expenses. Efile 2010 taxes   If an expense is for both rental use and personal use, such as mortgage interest or heat for the entire house, you must divide the expense between the rental use and the personal use. Efile 2010 taxes You can use any reasonable method for dividing the expense. Efile 2010 taxes It may be reasonable to divide the cost of some items (for example, water) based on the number of people using them. Efile 2010 taxes The two most common methods for dividing an expense are based on (1) the number of rooms in your home, and (2) the square footage of your home. Efile 2010 taxes Not Rented for Profit If you do not rent your property to make a profit, you can deduct your rental expenses only up to the amount of your rental income. Efile 2010 taxes You cannot deduct a loss or carry forward to the next year any rental expenses that are more than your rental income for the year. Efile 2010 taxes For more information about the rules for an activity not engaged in for profit, see Not-for-Profit Activities in chapter 1 of Publication 535. Efile 2010 taxes Where to report. Efile 2010 taxes   Report your not-for-profit rental income on Form 1040, line 21. Efile 2010 taxes For example, you can include your mortgage interest and any qualified mortgage insurance premiums (if you use the property as your main home or second home), real estate taxes, and casualty losses on the appropriate lines of Schedule A (Form 1040) if you itemize your deductions. Efile 2010 taxes   If you itemize your deductions, claim your other rental expenses, subject to the rules explained in chapter 1 of Publication 535, as miscellaneous itemized deductions on Form 1040, Schedule A, line 23. Efile 2010 taxes You can deduct these expenses only if they, together with certain other miscellaneous itemized deductions, total more than 2% of your adjusted gross income. Efile 2010 taxes Personal Use of Dwelling Unit (Including Vacation Home) If you have any personal use of a dwelling unit (including a vacation home) that you rent, you must divide your expenses between rental use and personal use. Efile 2010 taxes In general, your rental expenses will be no more than your total expenses multiplied by a fraction; the denominator of which is the total number of days the dwelling unit is used and the numerator of which is the total number of days actually rented at a fair rental price. Efile 2010 taxes Only your rental expenses may be deducted on Schedule E (Form 1040). Efile 2010 taxes Some of your personal expenses may be deductible if you itemize your deductions on Schedule A (Form 1040). Efile 2010 taxes You must also determine if the dwelling unit is considered a home. Efile 2010 taxes The amount of rental expenses that you can deduct may be limited if the dwelling unit is considered a home. Efile 2010 taxes Whether a dwelling unit is considered a home depends on how many days during the year are considered to be days of personal use. Efile 2010 taxes There is a special rule if you used the dwelling unit as a home and you rented it for less than 15 days during the year. Efile 2010 taxes Dwelling unit. Efile 2010 taxes   A dwelling unit includes a house, apartment, condominium, mobile home, boat, vacation home, or similar property. Efile 2010 taxes It also includes all structures or other property belonging to the dwelling unit. Efile 2010 taxes A dwelling unit has basic living accommodations, such as sleeping space, a toilet, and cooking facilities. Efile 2010 taxes   A dwelling unit does not include property used solely as a hotel, motel, inn, or similar establishment. Efile 2010 taxes Property is used solely as a hotel, motel, inn, or similar establishment if it is regularly available for occupancy by paying customers and is not used by an owner as a home during the year. Efile 2010 taxes Example. Efile 2010 taxes   You rent a room in your home that is always available for short-term occupancy by paying customers. Efile 2010 taxes You do not use the room yourself, and you allow only paying customers to use the room. Efile 2010 taxes The room is used solely as a hotel, motel, inn, or similar establishment and is not a dwelling unit. Efile 2010 taxes Dividing Expenses If you use a dwelling unit for both rental and personal purposes, divide your expenses between the rental use and the personal use based on the number of days used for each purpose. Efile 2010 taxes When dividing your expenses, follow these rules. Efile 2010 taxes Any day that the unit is rented at a fair rental price is a day of rental use even if you used the unit for personal purposes that day. Efile 2010 taxes This rule does not apply when determining whether you used the unit as a home. Efile 2010 taxes Any day that the unit is available for rent but not actually rented is not a day of rental use. Efile 2010 taxes Example. Efile 2010 taxes Your beach cottage was available for rent from June 1 through August 31 (92 days). Efile 2010 taxes During that time, except for the first week in August (7 days) when you were unable to find a renter, you rented the cottage at a fair rental price. Efile 2010 taxes The person who rented the cottage for July allowed you to use it over the weekend (2 days) without any reduction in or refund of rent. Efile 2010 taxes Your family also used the cottage during the last 2 weeks of May (14 days). Efile 2010 taxes The cottage was not used at all before May 17 or after August 31. Efile 2010 taxes You figure the part of the cottage expenses to treat as rental expenses as follows. Efile 2010 taxes The cottage was used for rental a total of 85 days (92 − 7). Efile 2010 taxes The days it was available for rent but not rented (7 days) are not days of rental use. Efile 2010 taxes The July weekend (2 days) you used it is rental use because you received a fair rental price for the weekend. Efile 2010 taxes You used the cottage for personal purposes for 14 days (the last 2 weeks in May). Efile 2010 taxes The total use of the cottage was 99 days (14 days personal use + 85 days rental use). Efile 2010 taxes Your rental expenses are 85/99 (86%) of the cottage expenses. Efile 2010 taxes Note. Efile 2010 taxes When determining whether you used the cottage as a home, the July weekend (2 days) you used it is considered personal use even though you received a fair rental price for the weekend. Efile 2010 taxes Therefore, you had 16 days of personal use and 83 days of rental use for this purpose. Efile 2010 taxes Because you used the cottage for personal purposes more than 14 days and more than 10% of the days of rental use (8 days), you used it as a home. Efile 2010 taxes If you have a net loss, you may not be able to deduct all of the rental expenses. Efile 2010 taxes See Dwelling Unit Used as a Home, next. Efile 2010 taxes Dwelling Unit Used as a Home If you use a dwelling unit for both rental and personal purposes, the tax treatment of the rental expenses you figured earlier under Dividing Expenses and rental income depends on whether you are considered to be using the dwelling unit as a home. Efile 2010 taxes You use a dwelling unit as a home during the tax year if you use it for personal purposes more than the greater of: 14 days, or 10% of the total days it is rented to others at a fair rental price. Efile 2010 taxes See What is a day of personal use , later. Efile 2010 taxes Fair rental price. Efile 2010 taxes   A fair rental price for your property generally is the amount of rent that a person who is not related to you would be willing to pay. Efile 2010 taxes The rent you charge is not a fair rental price if it is substantially less than the rents charged for other properties that are similar to your property in your area. Efile 2010 taxes   If a dwelling unit is used for personal purposes on a day it is rented at a fair rental price, do not count that day as a day of rental use in applying (2) above. Efile 2010 taxes Instead, count it as a day of personal use in applying both (1) and (2) above. Efile 2010 taxes What is a day of personal use?   A day of personal use of a dwelling unit is any day that the unit is used by any of the following persons. Efile 2010 taxes You or any other person who has an interest in the unit, unless you rent it to another owner as his or her main home under a shared equity financing agreement (defined later). Efile 2010 taxes However, see Days used as a main home before or after renting , later. Efile 2010 taxes A member of your family or a member of the family of any other person who owns an interest in the unit, unless the family member uses the dwelling unit as his or her main home and pays a fair rental price. Efile 2010 taxes Family includes only your spouse, brothers and sisters, half-brothers and half-sisters, ancestors (parents, grandparents, etc. Efile 2010 taxes ), and lineal descendants (children, grandchildren, etc. Efile 2010 taxes ). Efile 2010 taxes Anyone under an arrangement that lets you use some other dwelling unit. Efile 2010 taxes Anyone at less than a fair rental price. Efile 2010 taxes Main home. Efile 2010 taxes   If the other person or member of the family in (1) or (2) above has more than one home, his or her main home is ordinarily the one he or she lived in most of the time. Efile 2010 taxes Shared equity financing agreement. Efile 2010 taxes   This is an agreement under which two or more persons acquire undivided interests for more than 50 years in an entire dwelling unit, including the land, and one or more of the co-owners is entitled to occupy the unit as his or her main home upon payment of rent to the other co-owner or owners. Efile 2010 taxes Donation of use of property. Efile 2010 taxes   You use a dwelling unit for personal purposes if: You donate the use of the unit to a charitable organization, The organization sells the use of the unit at a fund-raising event, and The “purchaser” uses the unit. Efile 2010 taxes Examples. Efile 2010 taxes   The following examples show how to determine days of personal use. Efile 2010 taxes Example 1. Efile 2010 taxes You and your neighbor are co-owners of a condominium at the beach. Efile 2010 taxes Last year, you rented the unit to vacationers whenever possible. Efile 2010 taxes The unit was not used as a main home by anyone. Efile 2010 taxes Your neighbor used the unit for 2 weeks last year; you did not use it at all. Efile 2010 taxes Because your neighbor has an interest in the unit, both of you are considered to have used the unit for personal purposes during those 2 weeks. Efile 2010 taxes Example 2. Efile 2010 taxes You and your neighbors are co-owners of a house under a shared equity financing agreement. Efile 2010 taxes Your neighbors live in the house and pay you a fair rental price. Efile 2010 taxes Even though your neighbors have an interest in the house, the days your neighbors live there are not counted as days of personal use by you. Efile 2010 taxes This is because your neighbors rent the house as their main home under a shared equity financing agreement. Efile 2010 taxes Example 3. Efile 2010 taxes You own a rental property that you rent to your son. Efile 2010 taxes Your son does not own any interest in this property. Efile 2010 taxes He uses it as his main home and pays you a fair rental price. Efile 2010 taxes Your son's use of the property is not personal use by you because your son is using it as his main home, he owns no interest in the property, and he is paying you a fair rental price. Efile 2010 taxes Example 4. Efile 2010 taxes You rent your beach house to Joshua. Efile 2010 taxes Joshua rents his cabin in the mountains to you. Efile 2010 taxes You each pay a fair rental price. Efile 2010 taxes You are using your house for personal purposes on the days that Joshua uses it because your house is used by Joshua under an arrangement that allows you to use his house. Efile 2010 taxes Days used for repairs and maintenance. Efile 2010 taxes   Any day that you spend working substantially full time repairing and maintaining (not improving) your property is not counted as a day of personal use. Efile 2010 taxes Do not count such a day as a day of personal use even if family members use the property for recreational purposes on the same day. Efile 2010 taxes Days used as a main home before or after renting. Efile 2010 taxes   For purposes of determining whether a dwelling unit was used as a home, you may not have to count days you used the property as your main home before or after renting it or offering it for rent as days of personal use. Efile 2010 taxes Do not count them as days of personal use if: You rented or tried to rent the property for 12 or more consecutive months. Efile 2010 taxes You rented or tried to rent the property for a period of less than 12 consecutive months and the period ended because you sold or exchanged the property. Efile 2010 taxes However, this special rule does not apply when dividing expenses between rental and personal use. Efile 2010 taxes Examples. Efile 2010 taxes   The following examples show how to determine whether you used your rental property as a home. Efile 2010 taxes Example 1. Efile 2010 taxes You converted the basement of your home into an apartment with a bedroom, a bathroom, and a small kitchen. Efile 2010 taxes You rented the basement apartment at a fair rental price to college students during the regular school year. Efile 2010 taxes You rented to them on a 9-month lease (273 days). Efile 2010 taxes You figured 10% of the total days rented to others at a fair rental price is 27 days. Efile 2010 taxes During June (30 days), your brothers stayed with you and lived in the basement apartment rent free. Efile 2010 taxes Your basement apartment was used as a home because you used it for personal purposes for 30 days. Efile 2010 taxes Rent-free use by your brothers is considered personal use. Efile 2010 taxes Your personal use (30 days) is more than the greater of 14 days or 10% of the total days it was rented (27 days). Efile 2010 taxes Example 2. Efile 2010 taxes You rented the guest bedroom in your home at a fair rental price during the local college's homecoming, commencement, and football weekends (a total of 27 days). Efile 2010 taxes Your sister-in-law stayed in the room, rent free, for the last 3 weeks (21 days) in July. Efile 2010 taxes You figured 10% of the total days rented to others at a fair rental price is 3 days. Efile 2010 taxes The room was used as a home because you used it for personal purposes for 21 days. Efile 2010 taxes That is more than the greater of 14 days or 10% of the 27 days it was rented (3 days). Efile 2010 taxes Example 3. Efile 2010 taxes You own a condominium apartment in a resort area. Efile 2010 taxes You rented it at a fair rental price for a total of 170 days during the year. Efile 2010 taxes For 12 of those days, the tenant was not able to use the apartment and allowed you to use it even though you did not refund any of the rent. Efile 2010 taxes Your family actually used the apartment for 10 of those days. Efile 2010 taxes Therefore, the apartment is treated as having been rented for 160 (170 − 10) days. Efile 2010 taxes You figured 10% of the total days rented to others at a fair rental price is 16 days. Efile 2010 taxes Your family also used the apartment for 7 other days during the year. Efile 2010 taxes You used the apartment as a home because you used it for personal purposes for 17 days. Efile 2010 taxes That is more than the greater of 14 days or 10% of the 160 days it was rented (16 days). Efile 2010 taxes Minimal rental use. Efile 2010 taxes   If you use the dwelling unit as a home and you rent it less than 15 days during the year, that period is not treated as rental activity. Efile 2010 taxes See Used as a home but rented less than 15 days , later, for more information. Efile 2010 taxes Limit on deductions. Efile 2010 taxes   Renting a dwelling unit that is considered a home is not a passive activity. Efile 2010 taxes Instead, if your rental expenses are more than your rental income, some or all of the excess expenses cannot be used to offset income from other sources. Efile 2010 taxes The excess expenses that cannot be used to offset income from other sources are carried forward to the next year and treated as rental expenses for the same property. Efile 2010 taxes Any expenses carried forward to the next year will be subject to any limits that apply for that year. Efile 2010 taxes This limitation will apply to expenses carried forward to another year even if you do not use the property as your home for that subsequent year. Efile 2010 taxes   To figure your deductible rental expenses for this year and any carryover to next year, use Worksheet 9-1. Efile 2010 taxes Reporting Income and Deductions Property not used for personal purposes. Efile 2010 taxes   If you do not use a dwelling unit for personal purposes, see How To Report Rental Income and Expenses , later, for how to report your rental income and expenses. Efile 2010 taxes Property used for personal purposes. Efile 2010 taxes   If you do use a dwelling unit for personal purposes, then how you report your rental income and expenses depends on whether you used the dwelling unit as a home. Efile 2010 taxes Not used as a home. Efile 2010 taxes   If you use a dwelling unit for personal purposes, but not as a home, report all the rental income in your income. Efile 2010 taxes Since you used the dwelling unit for personal purposes, you must divide your expenses between the rental use and the personal use as described earlier in Dividing Expenses . Efile 2010 taxes The expenses for personal use are not deductible as rental expenses. Efile 2010 taxes   Your deductible rental expenses can be more than your gross rental income; however, see Limits on Rental Losses , later. Efile 2010 taxes Used as a home but rented less than 15 days. Efile 2010 taxes   If you use a dwelling unit as a home and you rent it less than 15 days during the year, its primary function is not considered to be rental and it should not be reported on Schedule E (Form 1040). Efile 2010 taxes You are not required to report the rental income and rental expenses from this activity. Efile 2010 taxes The expenses, including qualified mortgage interest, property taxes, and any qualified casualty loss will be reported as normally allowed on Schedule A (Form 1040). Efile 2010 taxes See the Instructions for Schedule A (Form 1040) for more information on deducting these expenses. Efile 2010 taxes Used as a home and rented 15 days or more. Efile 2010 taxes   If you use a dwelling unit as a home and rent it 15 days or more during the year, include all your rental income in your income. Efile 2010 taxes Since you used the dwelling unit for personal purposes, you must divide your expenses between the rental use and the personal use as described earlier in Dividing Expenses . Efile 2010 taxes The expenses for personal use are not deductible as rental expenses. Efile 2010 taxes   If you had a net profit from renting the dwelling unit for the year (that is, if your rental income is more than the total of your rental expenses, including depreciation), deduct all of your rental expenses. Efile 2010 taxes You do not need to use Worksheet 9-1. Efile 2010 taxes   However, if you had a net loss from renting the dwelling unit for the year, your deduction for certain rental expenses is limited. Efile 2010 taxes To figure your deductible rental expenses and any carryover to next year, use Worksheet 9-1. Efile 2010 taxes Depreciation You recover the cost of income-producing property through yearly tax deductions. Efile 2010 taxes You do this by depreciating the property; that is, by deducting some of the cost each year on your tax return. Efile 2010 taxes Three factors determine how much depreciation you can deduct each year: (1) your basis in the property, (2) the recovery period for the property, and (3) the depreciation method used. Efile 2010 taxes You cannot simply deduct your mortgage or principal payments, or the cost of furniture, fixtures, and equipment, as an expense. Efile 2010 taxes You can deduct depreciation only on the part of your property used for rental purposes. Efile 2010 taxes Depreciation reduces your basis for figuring gain or loss on a later sale or exchange. Efile 2010 taxes You may have to use Form 4562 to figure and report your depreciation. Efile 2010 taxes See How To Report Rental Income and Expenses , later. Efile 2010 taxes Alternative minimum tax (AMT). Efile 2010 taxes    If you use accelerated depreciation, you may be subject to the AMT. Efile 2010 taxes Accelerated depreciation allows you to deduct more depreciation earlier in the recovery period than you could deduct using a straight line method (same deduction each year). Efile 2010 taxes Claiming the correct amount of depreciation. Efile 2010 taxes   You should claim the correct amount of depreciation each tax year. Efile 2010 taxes If you did not claim all the depreciation you were entitled to deduct, you must still reduce your basis in the property by the full amount of depreciation that you could have deducted. Efile 2010 taxes   If you deducted an incorrect amount of depreciation for property in any year, you may be able to make a correction by filing Form 1040X, Amended U. Efile 2010 taxes S Individual Income Tax Return. Efile 2010 taxes If you are not allowed to make the correction on an amended return, you can change your accounting method to claim the correct amount of depreciation. Efile 2010 taxes See Claiming the correct amount of depreciation in chapter 2 of Publication 527 for more information. Efile 2010 taxes Changing your accounting method to deduct unclaimed depreciation. Efile 2010 taxes   To change your accounting method, you generally must file Form 3115, Application for Change in Accounting Method, to get the consent of the IRS. Efile 2010 taxes In some instances, that consent is automatic. Efile 2010 taxes For more information, see chapter 1 of Publication 946. Efile 2010 taxes Land. Efile 2010 taxes   You cannot depreciate the cost of land because land generally does not wear out, become obsolete, or get used up. Efile 2010 taxes The costs of clearing, grading, planting, and landscaping are usually all part of the cost of land and cannot be depreciated. Efile 2010 taxes More information. Efile 2010 taxes   See Publication 527 for more information about depreciating rental property and see Publication 946 for more information about depreciation. Efile 2010 taxes Limits on Rental Losses If you have a loss from your rental real estate activity, two sets of rules may limit the amount of loss you can deduct. Efile 2010 taxes You must consider these rules in the order shown below. Efile 2010 taxes At-risk rules. Efile 2010 taxes These rules are applied first if there is investment in your rental real estate activity for which you are not at risk. Efile 2010 taxes This applies only if the real property was placed in service after 1986. Efile 2010 taxes Passive activity limits. Efile 2010 taxes Generally, rental real estate activities are considered passive activities and losses are not deductible unless you have income from other passive activities to offset them. Efile 2010 taxes However, there are exceptions. Efile 2010 taxes At-Risk Rules You may be subject to the at-risk rules if you have: A loss from an activity carried on as a trade or business or for the production of income, and Amounts invested in the activity for which you are not fully at risk. Efile 2010 taxes Losses from holding real property (other than mineral property) placed in service before 1987 are not subject to the at-risk rules. Efile 2010 taxes In most cases, any loss from an activity subject to the at-risk rules is allowed only to the extent of the total amount you have at risk in the activity at the end of the tax year. Efile 2010 taxes You are considered at risk in an activity to the extent of cash and the adjusted basis of other property you contributed to the activity and certain amounts borrowed for use in the activity. Efile 2010 taxes See Publication 925 for more information. Efile 2010 taxes Passive Activity Limits In most cases, all rental real estate activities (except those of certain real estate professionals, discussed later) are passive activities. Efile 2010 taxes For this purpose, a rental activity is an activity from which you receive income mainly for the use of tangible property, rather than for services. Efile 2010 taxes Limits on passive activity deductions and credits. Efile 2010 taxes    Deductions or losses from passive activities are limited. Efile 2010 taxes You generally cannot offset income, other than passive income, with losses from passive activities. Efile 2010 taxes Nor can you offset taxes on income, other than passive income, with credits resulting from passive activities. Efile 2010 taxes Any excess loss or credit is carried forward to the next tax year. Efile 2010 taxes   For a detailed discussion of these rules, see Publication 925. Efile 2010 taxes    You may have to complete Form 8582 to figure the amount of any passive activity loss for the current tax year for all activities and the amount of the passive activity loss allowed on your tax return. Efile 2010 taxes Real estate professionals. Efile 2010 taxes   Rental activities in which you materially participated during the year are not passive activities if, for that year, you were a real estate professional. Efile 2010 taxes For a detailed discussion of the requirements, see Publication 527. Efile 2010 taxes For a detailed discussion of material participation, see Publication 925. Efile 2010 taxes Exception for Personal Use of Dwelling Unit If you used the rental property as a home during the year, any income, deductions, gain, or loss allocable to such use shall not be taken into account for purposes of the passive activity loss limitation. Efile 2010 taxes Instead, follow the rules explained in Personal Use of Dwelling Unit (Including Vacation Home), earlier. Efile 2010 taxes Exception for Rental Real Estate Activities With Active Participation If you or your spouse actively participated in a passive rental real estate activity, you may be able to deduct up to $25,000 of loss from the activity from your nonpassive income. Efile 2010 taxes This special allowance is an exception to the general rule disallowing losses in excess of income from passive activities. Efile 2010 taxes Similarly, you may be able to offset credits from the activity against the tax on up to $25,000 of nonpassive income after taking into account any losses allowed under this exception. Efile 2010 taxes Active participation. Efile 2010 taxes   You actively participated in a rental real estate activity if you (and your spouse) owned at least 10% of the rental property and you made management decisions or arranged for others to provide services (such as repairs) in a significant and bona fide sense. Efile 2010 taxes Management decisions that may count as active participation include approving new tenants, deciding on rental terms, approving expenditures, and similar decisions. Efile 2010 taxes Maximum special allowance. Efile 2010 taxes   The maximum special allowance is: $25,000 for single individuals and married individuals filing a joint return for the tax year, $12,500 for married individuals who file separate returns for the tax year and lived apart from their spouses at all times during the tax year, and $25,000 for a qualifying estate reduced by the special allowance for which the surviving spouse qualified. Efile 2010 taxes   If your modified adjusted gross income (MAGI) is $100,000 or less ($50,000 or less if married filing separately), you can deduct your loss up to the amount specified above. Efile 2010 taxes If your MAGI is more than $100,000 (more than $50,000 if married filing separately), your special allowance is limited to 50% of the difference between $150,000 ($75,000 if married filing separately) and your MAGI. Efile 2010 taxes   Generally, if your MAGI is $150,000 or more ($75,000 or more if you are married filing separately), there is no special allowance. Efile 2010 taxes More information. Efile 2010 taxes   See Publication 925 for more information on the passive loss limits, including information on the treatment of unused disallowed passive losses and credits and the treatment of gains and losses realized on the disposition of a passive activity. Efile 2010 taxes How To Report Rental Income and Expenses The basic form for reporting residential rental income and expenses is Schedule E (Form 1040). Efile 2010 taxes However, do not use that schedule to report a not-for-profit activity. Efile 2010 taxes See Not Rented for Profit, earlier. Efile 2010 taxes Providing substantial services. Efile 2010 taxes   If you provide substantial services that are primarily for your tenant's convenience, such as regular cleaning, changing linen, or maid service, report your rental income and expenses on Schedule C (Form 1040), Profit or Loss From Business, or Schedule C-EZ (Form 1040), Net Profit From Business (Sole Proprietorship). Efile 2010 taxes Substantial services do not include the furnishing of heat and light, cleaning of public areas, trash collection, etc. Efile 2010 taxes For information, see Publication 334, Tax Guide for Small Business. Efile 2010 taxes You also may have to pay self-employment tax on your rental income using Schedule SE (Form 1040), Self-Employment Tax. Efile 2010 taxes   Use Form 1065, U. Efile 2010 taxes S. Efile 2010 taxes Return of Partnership Income, if your rental activity is a partnership (including a partnership with your spouse unless it is a qualified joint venture). Efile 2010 taxes Qualified joint venture. Efile 2010 taxes   If you and your spouse each materially participate as the only members of a jointly owned and operated real estate business, and you file a joint return for the tax year, you can make a joint election to be treated as a qualified joint venture instead of a partnership. Efile 2010 taxes This election, in most cases, will not increase the total tax owed on the joint return, but it does give each of you credit for social security earnings on which retirement benefits are based and for Medicare coverage if your rental income is subject to self-employment tax. Efile 2010 taxes For more information, see Publication 527. Efile 2010 taxes Form 1098, Mortgage Interest Statement. Efile 2010 taxes    If you paid $600 or more of mortgage interest on your rental property to any one person, you should receive a Form 1098, or similar statement showing the interest you paid for the year. Efile 2010 taxes If you and at least one other person (other than your spouse if you file a joint return) were liable for, and paid interest on the mortgage, and the other person received the Form 1098, report your share of the interest on Schedule E (Form 1040), line 13. Efile 2010 taxes Attach a statement to your return showing the name and address of the other person. Efile 2010 taxes In the left margin of Schedule E, next to line 13, enter “See attached. Efile 2010 taxes ” Schedule E (Form 1040) If you rent buildings, rooms, or apartments, and provide basic services such as heat and light, trash collection, etc. Efile 2010 taxes , you normally report your rental income and expenses on Schedule E, Part I. Efile 2010 taxes List your total income, expenses, and depreciation for each rental property. Efile 2010 taxes Be sure to enter the number of fair rental and personal use days on line 2. Efile 2010 taxes If you have more than three rental or royalty properties, complete and attach as many Schedules E as are needed to list the properties. Efile 2010 taxes Complete lines 1 and 2 for each property. Efile 2010 taxes However, fill in lines 23a through 26 on only one Schedule E. Efile 2010 taxes On Schedule E, page 1, line 18, enter the depreciation you are claiming for each property. Efile 2010 taxes To find out if you need to attach Form 4562, see Form 4562, in chapter 3 of Publication 527. Efile 2010 taxes If you have a loss from your rental real estate activity, you also may need to complete one or both of the following forms. Efile 2010 taxes Form 6198, At-Risk Limitations. Efile 2010 taxes See At-Risk Rules , earlier. Efile 2010 taxes Also see Publication 925. Efile 2010 taxes Form 8582, Passive Activity Loss Limitations. Efile 2010 taxes See Passive Activity Limits , earlier. Efile 2010 taxes Page 2 of Schedule E is used to report income or loss from partnerships, S corporations, estates, trusts, and real estate mortgage investment conduits. Efile 2010 taxes If you need to use page 2 of Schedule E, be sure to use page 2 of the same Schedule E you used to enter your rental activity on page 1. Efile 2010 taxes Also, include the amount from line 26 (Part I) in the “Total income or (loss)” on line 41 (Part V). Efile 2010 taxes Worksheet 9-1. Efile 2010 taxes Worksheet for Figuring Rental Deductions for a Dwelling Unit Used as a Home Use this worksheet only if you answer “yes” to all of the following questions. Efile 2010 taxes Did you use the dwelling unit as a home this year? (See Dwelling Unit Used as a Home . Efile 2010 taxes ) Did you rent the dwelling unit at a fair rental price 15 days or more this year? Is the total of your rental expenses and depreciation more than your rental income? PART I. Efile 2010 taxes Rental Use Percentage A. Efile 2010 taxes Total days available for rent at fair rental price A. Efile 2010 taxes       B. Efile 2010 taxes Total days available for rent (line A) but not rented B. Efile 2010 taxes       C. Efile 2010 taxes Total days of rental use. Efile 2010 taxes Subtract line B from line A C. Efile 2010 taxes       D. Efile 2010 taxes Total days of personal use (including days rented at less than fair rental price) D. Efile 2010 taxes       E. Efile 2010 taxes Total days of rental and personal use. Efile 2010 taxes Add lines C and D E. Efile 2010 taxes       F. Efile 2010 taxes Percentage of expenses allowed for rental. Efile 2010 taxes Divide line C by line E     F. Efile 2010 taxes   PART II. Efile 2010 taxes Allowable Rental Expenses 1. Efile 2010 taxes Enter rents received 1. Efile 2010 taxes   2a. Efile 2010 taxes Enter the rental portion of deductible home mortgage interest and qualified mortgage insurance premiums (see instructions) 2a. Efile 2010 taxes       b. Efile 2010 taxes Enter the rental portion of real estate taxes b. Efile 2010 taxes       c. Efile 2010 taxes Enter the rental portion of deductible casualty and theft losses (see instructions) c. Efile 2010 taxes       d. Efile 2010 taxes Enter direct rental expenses (see instructions) d. Efile 2010 taxes       e. Efile 2010 taxes Fully deductible rental expenses. Efile 2010 taxes Add lines 2a–2d. Efile 2010 taxes Enter here and  on the appropriate lines on Schedule E (see instructions) 2e. Efile 2010 taxes   3. Efile 2010 taxes Subtract line 2e from line 1. Efile 2010 taxes If zero or less, enter -0- 3. Efile 2010 taxes   4a. Efile 2010 taxes Enter the rental portion of expenses directly related to operating or maintaining  the dwelling unit (such as repairs, insurance, and utilities) 4a. Efile 2010 taxes       b. Efile 2010 taxes Enter the rental portion of excess mortgage interest and qualified mortgage insurance premiums (see instructions) b. Efile 2010 taxes       c. Efile 2010 taxes Carryover of operating expenses from 2012 worksheet c. Efile 2010 taxes       d. Efile 2010 taxes Add lines 4a–4c d. Efile 2010 taxes       e. Efile 2010 taxes Allowable expenses. Efile 2010 taxes Enter the smaller of line 3 or line 4d (see instructions) 4e. Efile 2010 taxes   5. Efile 2010 taxes Subtract line 4e from line 3. Efile 2010 taxes If zero or less, enter -0- 5. Efile 2010 taxes   6a. Efile 2010 taxes Enter the rental portion of excess casualty and theft losses (see instructions) 6a. Efile 2010 taxes       b. Efile 2010 taxes Enter the rental portion of depreciation of the dwelling unit b. Efile 2010 taxes       c. Efile 2010 taxes Carryover of excess casualty losses and depreciation from 2012 worksheet c. Efile 2010 taxes       d. Efile 2010 taxes Add lines 6a–6c d. Efile 2010 taxes       e. Efile 2010 taxes Allowable excess casualty and theft losses and depreciation. Efile 2010 taxes Enter the smaller of  line 5 or line 6d (see instructions) 6e. Efile 2010 taxes   PART III. Efile 2010 taxes Carryover of Unallowed Expenses to Next Year 7a. Efile 2010 taxes Operating expenses to be carried over to next year. Efile 2010 taxes Subtract line 4e from line 4d 7a. Efile 2010 taxes   b. Efile 2010 taxes Excess casualty and theft losses and depreciation to be carried over to next year. Efile 2010 taxes  Subtract line 6e from line 6d b. Efile 2010 taxes   Worksheet 9-1 Instructions. Efile 2010 taxes Worksheet for Figuring Rental Deductions for a Dwelling Unit Used as a Home Caution. Efile 2010 taxes Use the percentage determined in Part I, line F, to figure the rental portions to enter on lines 2a–2c, 4a–4b, and 6a–6b of  Part II. Efile 2010 taxes Line 2a. Efile 2010 taxes Figure the mortgage interest on the dwelling unit that you could deduct on Schedule A as if you had not rented the unit. Efile 2010 taxes Do not include interest on a loan that did not benefit the dwelling unit. Efile 2010 taxes For example, do not include interest on a home equity loan used to pay off credit cards or other personal loans, buy a car, or pay college tuition. Efile 2010 taxes Include interest on a loan used to buy, build, or improve the dwelling unit, or to refinance such a loan. Efile 2010 taxes Include the rental portion of this interest in the total you enter on line 2a of the worksheet. Efile 2010 taxes   Figure the qualified mortgage insurance premiums on the dwelling unit that you could deduct on line 13 of Schedule A as if you had not rented the unit. Efile 2010 taxes See the Schedule A instructions. Efile 2010 taxes However, figure your adjusted gross income (Form 1040, line 38) without your rental income and expenses from the dwelling unit. Efile 2010 taxes See Line 4b to deduct the part of the qualified mortgage insurance premiums not allowed because of the adjusted gross income limit. Efile 2010 taxes Include the rental portion of the amount from Schedule A, line 13, in the total you enter on line 2a of the worksheet. Efile 2010 taxes   Note. Efile 2010 taxes Do not file this Schedule A or use it to figure the amount to deduct on line 13 of that schedule. Efile 2010 taxes Instead, figure the personal portion on a separate Schedule A. Efile 2010 taxes If you have deducted mortgage interest or qualified mortgage insurance premiums on the dwelling unit on other forms, such as Schedule C or F, remember to reduce your Schedule A deduction by that amount. Efile 2010 taxes           Line 2c. Efile 2010 taxes Figure the casualty and theft losses related to the dwelling unit that you could deduct on Schedule A as if you had not rented the dwelling unit. Efile 2010 taxes To do this, complete Section A of Form 4684, Casualties and Thefts, treating the losses as personal losses. Efile 2010 taxes If any of the loss is due to a federally declared disaster, see the Instructions for Form 4684. Efile 2010 taxes On Form 4684, line 17, enter 10% of your adjusted gross income figured without your rental income and expenses from the dwelling unit. Efile 2010 taxes Enter the rental portion of the result from Form 4684, line 18, on line 2c of this worksheet. Efile 2010 taxes   Note. Efile 2010 taxes Do not file this Form 4684 or use it to figure your personal losses on Schedule A. Efile 2010 taxes Instead, figure the personal portion on a separate Form 4684. Efile 2010 taxes           Line 2d. Efile 2010 taxes Enter the total of your rental expenses that are directly related only to the rental activity. Efile 2010 taxes These include interest on loans used for rental activities other than to buy, build, or improve the dwelling unit. Efile 2010 taxes Also include rental agency fees, advertising, office supplies, and depreciation on office equipment used in your rental activity. Efile 2010 taxes           Line 2e. Efile 2010 taxes You can deduct the amounts on lines 2a, 2b, 2c, and 2d as rental expenses on Schedule E even if your rental expenses are more than your rental income. Efile 2010 taxes Enter the amounts on lines 2a, 2b, 2c, and 2d on the appropriate lines of Schedule E. Efile 2010 taxes           Line 4b. Efile 2010 taxes On line 2a, you entered the rental portion of the mortgage interest and qualified mortgage insurance premiums you could deduct on Schedule A if you had not rented the dwelling unit. Efile 2010 taxes If you had additional mortgage interest and qualified mortgage insurance premiums that would not be deductible on Schedule A because of limits imposed on them, enter on line 4b of this worksheet the rental portion of those excess amounts. Efile 2010 taxes Do not include interest on a loan that did not benefit the dwelling unit (as explained in the line 2a instructions). Efile 2010 taxes           Line 4e. Efile 2010 taxes You can deduct the amounts on lines 4a, 4b, and 4c as rental expenses on Schedule E only to the extent they are not more than the amount on line 4e. Efile 2010 taxes *           Line 6a. Efile 2010 taxes To find the rental portion of excess casualty and theft losses, use the Form 4684 you prepared for line 2c of this worksheet. Efile 2010 taxes   A. Efile 2010 taxes Enter the amount from Form 4684, line 10       B. Efile 2010 taxes Enter the rental portion of line A       C. Efile 2010 taxes Enter the amount from line 2c of this worksheet       D. Efile 2010 taxes Subtract line C from line B. Efile 2010 taxes Enter the result here and on line 6a of this worksheet               Line 6e. Efile 2010 taxes You can deduct the amounts on lines 6a, 6b, and 6c as rental expenses on Schedule E only to the extent they are not more than the amount on line 6e. Efile 2010 taxes * *Allocating the limited deduction. Efile 2010 taxes If you cannot deduct all of the amount on line 4d or 6d this year, you can allocate the allowable deduction in any way you wish among the expenses included on line 4d or 6d. Efile 2010 taxes Enter the amount you allocate to each expense on the appropriate line of Schedule E, Part I. Efile 2010 taxes Prev  Up  Next   Home   More Online Publications