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File 1040x online free Publication 523 - Main Content Table of Contents Main HomeVacant land. File 1040x online free Factors used to determine main home. File 1040x online free Figuring Gain or LossSelling Price Amount Realized Adjusted Basis Amount of Gain or Loss Dispositions Other Than Sales Determining BasisCost As Basis Basis Other Than Cost Adjusted Basis Excluding the GainMaximum Exclusion Ownership and Use Tests Reduced Maximum Exclusion Nonqualified Use Business Use or Rental of HomeUnrecaptured section 1250 gain. File 1040x online free Property Used Partly for Business or Rental Reporting the SaleSeller-financed mortgage. File 1040x online free Individual taxpayer identification number (ITIN). File 1040x online free More information. File 1040x online free Comprehensive Examples Special SituationsException for sales to related persons. File 1040x online free Deducting Taxes in the Year of SaleForm 1099-S. File 1040x online free More information. File 1040x online free Recapturing (Paying Back) a Federal Mortgage Subsidy Recapture of First-Time Homebuyer CreditExample. File 1040x online free Worksheets How To Get Tax HelpLow Income Taxpayer Clinics Main Home This section explains the term “main home. File 1040x online free ” Usually, the home you live in most of the time is your main home and can be a: House, Houseboat, Mobile home, Cooperative apartment, or Condominium. File 1040x online free To exclude gain under the rules in this publication, you in most cases must have owned and lived in the property as your main home for at least 2 years during the 5-year period ending on the date of sale. File 1040x online free Land. File 1040x online free   If you sell the land on which your main home is located, but not the house itself, you cannot exclude any gain you have from the sale of the land. File 1040x online free Example. File 1040x online free You buy a piece of land and move your main home to it. File 1040x online free Then, you sell the land on which your main home was located. File 1040x online free This sale is not considered a sale of your main home, and you cannot exclude any gain on the sale of the land. File 1040x online free Vacant land. File 1040x online free   The sale of vacant land is not a sale of your main home unless: The vacant land is adjacent to land containing your home, You owned and used the vacant land as part of your main home, The separate sale of your home satisfies the requirements for exclusion and occurs within 2 years before or 2 years after the date of the sale of the vacant land, and The other requirements for excluding gain from the sale of a main home have been satisfied with respect to the vacant land. File 1040x online free If these requirements are met, the sale of the home and the sale of the vacant land are treated as one sale and only one maximum exclusion can be applied to any gain. File 1040x online free See Excluding the Gain , later. File 1040x online free The destruction of your home is treated as a sale of your home. File 1040x online free As a result, you may be able to meet these requirements if you sell vacant land used as a part of your main home within 2 years from the date of the destruction of your main home. File 1040x online free For information, see Publication 547. File 1040x online free More than one home. File 1040x online free   If you have more than one home, you can exclude gain only from the sale of your main home. File 1040x online free You must include in income the gain from the sale of any other home. File 1040x online free If you have two homes and live in each of them, your main home is ordinarily the one you live in most of the time during the year. File 1040x online free Example 1. File 1040x online free You own two homes, one in New York and one in Florida. File 1040x online free From 2009 through 2013, you live in the New York home for 7 months and in the Florida residence for 5 months of each year. File 1040x online free In the absence of facts and circumstances indicating otherwise, the New York home is your main home. File 1040x online free You would be eligible to exclude the gain from the sale of the New York home but not of the Florida home in 2013. File 1040x online free Example 2. File 1040x online free You own a house, but you live in another house that you rent. File 1040x online free The rented house is your main home. File 1040x online free Example 3. File 1040x online free You own two homes, one in Virginia and one in New Hampshire. File 1040x online free In 2009 and 2010, you lived in the Virginia home. File 1040x online free In 2011 and 2012, you lived in the New Hampshire home. File 1040x online free In 2013, you lived again in the Virginia home. File 1040x online free Your main home in 2009, 2010, and 2013 is the Virginia home. File 1040x online free Your main home in 2011 and 2012 is the New Hampshire home. File 1040x online free You would be eligible to exclude gain from the sale of either home (but not both) in 2013. File 1040x online free Factors used to determine main home. File 1040x online free   In addition to the amount of time you live in each home, other factors are relevant in determining which home is your main home. File 1040x online free Those factors include the following. File 1040x online free Your place of employment. File 1040x online free The location of your family members' main home. File 1040x online free Your mailing address for bills and correspondence. File 1040x online free The address listed on your: Federal and state tax returns, Driver's license, Car registration, and Voter registration card. File 1040x online free The location of the banks you use. File 1040x online free The location of recreational clubs and religious organizations of which you are a member. File 1040x online free Property used partly as your main home. File 1040x online free   If you use only part of the property as your main home, the rules discussed in this publication apply only to the gain or loss on the sale of that part of the property. File 1040x online free For details, see Business Use or Rental of Home , later. File 1040x online free Figuring Gain or Loss To figure the gain or loss on the sale of your main home, you must know the selling price, the amount realized, and the adjusted basis. File 1040x online free Subtract the adjusted basis from the amount realized to get your gain or loss. File 1040x online free     Selling price     − Selling expenses       Amount realized     − Adjusted basis       Gain or loss   Gain. File 1040x online free   Gain is the excess of the amount realized over the adjusted basis of the property. File 1040x online free Loss. File 1040x online free   Loss is the excess of the adjusted basis over the amount realized for the property. File 1040x online free Selling Price The selling price is the total amount you receive for your home. File 1040x online free It includes money and the fair market value of any other property or any other services you receive and all notes, mortgages or other debts assumed by the buyer as part of the sale. File 1040x online free Personal property. File 1040x online free   The selling price of your home does not include amounts you received for personal property sold with your home. File 1040x online free Personal property is property that is not a permanent part of the home. File 1040x online free Examples are furniture, draperies, rugs, a washer and dryer, and lawn equipment. File 1040x online free Separately stated amounts you received for these items should not be shown on Form 1099-S (discussed later). File 1040x online free Any gains from sales of personal property must be included in your income, but not as part of the sale of your home. File 1040x online free Payment by employer. File 1040x online free   You may have to sell your home because of a job transfer. File 1040x online free If your employer pays you for a loss on the sale or for your selling expenses, do not include the payment as part of the selling price. File 1040x online free Your employer will include it as wages in box 1 of your Form W-2 and you will include it in your income on Form 1040, line 7, or on Form 1040NR, line 8. File 1040x online free Option to buy. File 1040x online free   If you grant an option to buy your home and the option is exercised, add the amount you receive for the option to the selling price of your home. File 1040x online free If the option is not exercised, you must report the amount as ordinary income in the year the option expires. File 1040x online free Report this amount on Form 1040, line 21, or on Form 1040NR, line 21. File 1040x online free Form 1099-S. File 1040x online free   If you received Form 1099-S, box 2 (gross proceeds) should show the total amount you received for your home. File 1040x online free   However, box 2 will not include the fair market value of any services or property other than cash or notes you received or will receive. File 1040x online free Instead, box 4 will be checked to indicate your receipt or expected receipt of these items. File 1040x online free Amount Realized The amount realized is the selling price minus selling expenses. File 1040x online free Selling expenses. File 1040x online free   Selling expenses include: Commissions, Advertising fees, Legal fees, and Loan charges paid by the seller, such as loan placement fees or “points. File 1040x online free ” Adjusted Basis While you owned your home, you may have made adjustments (increases or decreases) to the basis. File 1040x online free This adjusted basis must be determined before you can figure gain or loss on the sale of your home. File 1040x online free For information on how to figure your home's adjusted basis, see Determining Basis , later. File 1040x online free Amount of Gain or Loss To figure the amount of gain or loss, compare the amount realized to the adjusted basis. File 1040x online free Gain on sale. File 1040x online free   If the amount realized is more than the adjusted basis, the difference is a gain and, except for any part you can exclude, generally is taxable. File 1040x online free Loss on sale. File 1040x online free   If the amount realized is less than the adjusted basis, the difference is a loss. File 1040x online free Generally, a loss on the sale of your main home cannot be deducted. File 1040x online free Jointly owned home. File 1040x online free   If you and your spouse sell your jointly owned home and file a joint return, you figure your gain or loss as one taxpayer. File 1040x online free Separate returns. File 1040x online free   If you file separate returns, each of you must figure your own gain or loss according to your ownership interest in the home. File 1040x online free Your ownership interest is generally determined by state law. File 1040x online free Joint owners not married. File 1040x online free   If you and a joint owner other than your spouse sell your jointly owned home, each of you must figure your own gain or loss according to your ownership interest in the home. File 1040x online free Each of you applies the rules discussed in this publication on an individual basis. File 1040x online free Dispositions Other Than Sales Some special rules apply to other dispositions of your main home. File 1040x online free Foreclosure or repossession. File 1040x online free   If your home was foreclosed on or repossessed, you have a disposition. File 1040x online free See Publication 4681 to determine if you have ordinary income, gain, or loss. File 1040x online free More information. File 1040x online free   If part of a home is used for business or rental purposes, see Foreclosures and Repossessions in chapter 1 of Publication 544 for more information. File 1040x online free Publication 544 has examples of how to figure gain or loss on a foreclosure or repossession. File 1040x online free Abandonment. File 1040x online free   If you abandon your home, see Publication 4681 to determine if you have ordinary income, gain, or loss. File 1040x online free Trading (exchanging) homes. File 1040x online free   If you trade your home for another home, treat the trade as a sale and a purchase. File 1040x online free Example. File 1040x online free You owned and lived in a home with an adjusted basis of $41,000. File 1040x online free A real estate dealer accepted your old home as a trade-in and allowed you $50,000 toward a new home priced at $80,000. File 1040x online free This is treated as a sale of your old home for $50,000 with a gain of $9,000 ($50,000 − $41,000). File 1040x online free If the dealer had allowed you $27,000 and assumed your unpaid mortgage of $23,000 on your old home, your sales price would still be $50,000 (the $27,000 trade-in allowed plus the $23,000 mortgage assumed). File 1040x online free Transfer to spouse. File 1040x online free   If you transfer your home to your spouse or you transfer it to your former spouse incident to your divorce, you in most cases have no gain or loss (unless the Exception, discussed next, applies). File 1040x online free This is true even if you receive cash or other consideration for the home. File 1040x online free As a result, the rules explained in this publication do not apply. File 1040x online free   If you owned your home jointly with your spouse and transfer your interest in the home to your spouse, or to your former spouse incident to your divorce, the same rule applies. File 1040x online free You have no gain or loss. File 1040x online free Exception. File 1040x online free   These transfer rules do not apply if your spouse or former spouse is a nonresident alien. File 1040x online free In that case, you generally will have a gain or loss. File 1040x online free More information. File 1040x online free    See Property Settlements in Publication 504, Divorced or Separated Individuals, for more information. File 1040x online free Involuntary conversion. File 1040x online free   You have a disposition when your home is destroyed or condemned and you receive other property or money in payment, such as insurance or a condemnation award. File 1040x online free This is treated as a sale and you may be able to exclude all or part of any gain from the destruction or condemnation of your home, as explained later under Special Situations (see Home destroyed or condemned ). File 1040x online free Determining Basis You need to know your basis in your home to figure any gain or loss when you sell it. File 1040x online free Your basis in your home is determined by how you got the home. File 1040x online free Generally, your basis is its cost if you bought it or built it. File 1040x online free If you got it in some other way (inheritance, gift, etc. File 1040x online free ), your basis is generally either its fair market value when you received it or the adjusted basis of the previous owner. File 1040x online free While you owned your home, you may have made adjustments (increases or decreases) to your home's basis. File 1040x online free The result of these adjustments is your home's adjusted basis, which is used to figure gain or loss on the sale of your home. File 1040x online free To figure your adjusted basis, you can use Worksheet 1, near the end of this publication. File 1040x online free Filled-in examples of that worksheet are included in the Comprehensive Examples , later. File 1040x online free Cost As Basis The cost of property is the amount you paid for it in cash, debt obligations, other property, or services. File 1040x online free Purchase. File 1040x online free   If you bought your home, your basis is its cost to you. File 1040x online free This includes the purchase price and certain settlement or closing costs. File 1040x online free In most cases, your purchase price includes your down payment and any debt, such as a first or second mortgage or notes you gave the seller in payment for the home. File 1040x online free If you build, or contract to build, a new home, your purchase price can include costs of construction, as discussed later. File 1040x online free Seller-paid points. File 1040x online free   If the person who sold you your home paid points on your loan, you may have to reduce your home's basis by the amount of the points, as shown in the following chart. File 1040x online free    IF you bought your home. File 1040x online free . File 1040x online free . File 1040x online free THEN reduce your home's basis by the seller-paid points. File 1040x online free . File 1040x online free . File 1040x online free after 1990 but before April 4, 1994 only if you deducted them as home mortgage interest in the year paid. File 1040x online free after April 3, 1994 even if you did not deduct them. File 1040x online free Settlement fees or closing costs. File 1040x online free   When you bought your home, you may have paid settlement fees or closing costs in addition to the contract price of the property. File 1040x online free You can include in your basis some of the settlement fees and closing costs you paid for buying the home, but not the fees and costs for getting a mortgage loan. File 1040x online free A fee paid for buying the home is any fee you would have had to pay even if you paid cash for the home (that is, without the need for financing). File 1040x online free   Settlement fees do not include amounts placed in escrow for the future payment of items such as taxes and insurance. File 1040x online free   Some of the settlement fees or closing costs that you can include in your basis are: Abstract fees (abstract of title fees), Charges for installing utility services, Legal fees (including fees for the title search and preparing the sales contract and deed), Recording fees, Survey fees, Transfer or stamp taxes, Owner's title insurance, and Any amounts the seller owes that you agree to pay, such as: Certain real estate taxes (discussed later), Back interest, Recording or mortgage fees, Charges for improvements or repairs, and Sales commissions. File 1040x online free   Some settlement fees and closing costs you cannot include in your basis are: Fire insurance premiums, Rent for occupancy of the house before closing, Charges for utilities or other services related to occupancy of the house before closing, Any fee or cost that you deducted as a moving expense (allowed for certain fees and costs before 1994), Charges connected with getting a mortgage loan, such as: Mortgage insurance premiums (including funding fees connected with loans guaranteed by the Department of Veterans Affairs), Loan assumption fees, Cost of a credit report, Fee for an appraisal required by a lender, and Fees for refinancing a mortgage. File 1040x online free Real estate taxes. File 1040x online free   Real estate taxes for the year you bought your home may affect your basis, as shown in the following chart. File 1040x online free    IF. File 1040x online free . File 1040x online free . File 1040x online free AND. File 1040x online free . File 1040x online free . File 1040x online free THEN the taxes. File 1040x online free . File 1040x online free . File 1040x online free you pay taxes that the seller owed on the home up to the date of sale the seller does not reimburse you are added to the basis of your home. File 1040x online free the seller reimburses you do not affect the basis of your home. File 1040x online free the seller pays taxes for you (taxes owed beginning on the date of sale) you do not reimburse the seller are subtracted from the basis of your home. File 1040x online free you reimburse the seller do not affect the basis of your home. File 1040x online free Construction. File 1040x online free   If you contracted to have your house built on land you own, your basis is: The cost of the land, plus The amount it cost you to complete the house, including: The cost of labor and materials, Any amounts paid to a contractor, Any architect's fees, Building permit charges, Utility meter and connection charges, and Legal fees directly connected with building the house. File 1040x online free   Your cost includes your down payment and any debt such as a first or second mortgage or notes you gave the seller or builder. File 1040x online free It also includes certain settlement or closing costs. File 1040x online free You may have to reduce your basis by points the seller paid for you. File 1040x online free For more information, see Seller-paid points and Settlement fees or closing costs , earlier. File 1040x online free Built by you. File 1040x online free   If you built all or part of your house yourself, its basis is the total amount it cost you to complete it. File 1040x online free Do not include in the cost of the house: The value of your own labor, or The value of any other labor you did not pay for. File 1040x online free Temporary housing. File 1040x online free   If a builder gave you temporary housing while your home was being finished, you must reduce your basis by the part of the contract price that was for the temporary housing. File 1040x online free To figure the amount of the reduction, multiply the contract price by a fraction. File 1040x online free The numerator is the value of the temporary housing, and the denominator is the sum of the value of the temporary housing plus the value of the new home. File 1040x online free Cooperative apartment. File 1040x online free   If you are a tenant-stockholder in a cooperative housing corporation, your basis in the cooperative apartment used as your home is usually the cost of your stock in the corporation. File 1040x online free This may include your share of a mortgage on the apartment building. File 1040x online free Condominium. File 1040x online free   To determine your basis in a condominium apartment used as your home, use the same rules as for any other home. File 1040x online free Basis Other Than Cost You must use a basis other than cost, such as adjusted basis or fair market value, if you received your home as a gift, inheritance, a trade, or from your spouse. File 1040x online free These situations are discussed in the following pages. File 1040x online free Also, the instructions for Worksheet 1 (near the end of the publication) address each of these issues. File 1040x online free Other special rules may apply in certain situations. File 1040x online free If you converted the property, or some part of it, to business or rental use, see Property Changed to Business or Rental Use, in Publication 551. File 1040x online free Home received as gift. File 1040x online free   Use the following chart to find the basis of a home you received as a gift. File 1040x online free IF the donor's adjusted basis at the time of the gift was. File 1040x online free . File 1040x online free . File 1040x online free THEN your basis is. File 1040x online free . File 1040x online free . File 1040x online free more than the fair market value of the home at that time the same as the donor's adjusted basis at the time of the gift. File 1040x online free   Exception: If using the donor's adjusted basis results in a loss when you sell the home, you must use the fair market value of the home at the time of the gift as your basis. File 1040x online free If using the fair market value results in a gain, you have neither gain nor loss. File 1040x online free equal to or less than the fair market value at that time, and you received the gift before 1977 the smaller of the: • donor's adjusted basis, plus  any federal gift tax paid on  the gift, or • the home's fair market value  at the time of the gift. File 1040x online free equal to or less than the fair market value at that time, and you received the gift after 1976 the same as the donor's adjusted basis, plus the part of any federal gift tax paid that is due to the net increase in value of the home (explained next). File 1040x online free Fair market value. File 1040x online free   The fair market value of property at the time of the gift is the value of the property as appraised for purposes of the federal gift tax. File 1040x online free If the gift was not subject to the federal gift tax, the fair market value is the value as appraised for the purposes of a state gift tax. File 1040x online free Part of federal gift tax due to net increase in value. File 1040x online free   Figure the part of the federal gift tax paid that is due to the net increase in value of the home by multiplying the total federal gift tax paid by a fraction. File 1040x online free The numerator of the fraction is the net increase in the value of the home, and the denominator is the value of the home for gift tax purposes after reduction by any annual exclusion and marital or charitable deduction that applies to the gift. File 1040x online free The net increase in the value of the home is its fair market value minus the donor's adjusted basis immediately before the gift. File 1040x online free Home acquired from a decedent who died before or after 2010. File 1040x online free   If you inherited your home from a decedent who died before or after 2010, your basis is the fair market value of the property on the date of the decedent's death (or the later alternate valuation date chosen by the personal representative of the estate). File 1040x online free If an estate tax return was filed or required to be filed, the value of the property listed on the estate tax return is your basis. File 1040x online free If a federal estate tax return did not have to be filed, your basis in the home is the same as its appraised value at the date of death, for purposes of state inheritance or transmission taxes. File 1040x online free Surviving spouse. File 1040x online free   If you are a surviving spouse and you owned your home jointly, your basis in the home will change. File 1040x online free The new basis for the interest your spouse owned will be its fair market value on the date of death (or alternate valuation date). File 1040x online free The basis in your interest will remain the same. File 1040x online free Your new basis in the home is the total of these two amounts. File 1040x online free   If you and your spouse owned the home either as tenants by the entirety or as joint tenants with right of survivorship, you will each be considered to have owned one-half of the home. File 1040x online free Example. File 1040x online free Your jointly owned home (owned as joint tenants with right of survivorship) had an adjusted basis of $50,000 on the date of your spouse's death, and the fair market value on that date was $100,000. File 1040x online free Your new basis in the home is $75,000 ($25,000 for one-half of the adjusted basis plus $50,000 for one-half of the fair market value). File 1040x online free Community property. File 1040x online free   In community property states (Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin), each spouse is usually considered to own half of the community property. File 1040x online free When either spouse dies, the total fair market value of the community property becomes the basis of the entire property, including the part belonging to the surviving spouse. File 1040x online free For this to apply, at least half the value of the community property interest must be includible in the decedent's gross estate, whether or not the estate must file a return. File 1040x online free   For more information about community property, see Publication 555, Community Property. File 1040x online free    If you are selling a home in which you acquired an interest from a decedent who died in 2010, see Publication 4895, Tax Treatment of Property Acquired From a Decedent Dying in 2010, to determine your basis. File 1040x online free Home received as trade. File 1040x online free   If you acquired your home as a trade for other property, in most cases, the basis of your home is the fair market value (at the time of the trade) of the property you gave up. File 1040x online free If you traded one home for another, you have made a sale and purchase. File 1040x online free In that case, you may have a gain. File 1040x online free See Trading (exchanging) homes under Dispositions Other Than Sales, earlier, for an example of figuring the gain. File 1040x online free Home received from spouse. File 1040x online free   If you received your home from your spouse or from your former spouse incident to your divorce, your basis in the home depends on the date of the transfer. File 1040x online free Transfers after July 18, 1984. File 1040x online free   If you received the home after July 18, 1984, there was no gain or loss on the transfer. File 1040x online free In most cases, your basis in this home is the same as your spouse's (or former spouse's) adjusted basis just before you received it. File 1040x online free This rule applies even if you received the home in exchange for cash, the release of marital rights, the assumption of liabilities, or other considerations. File 1040x online free   If you owned a home jointly with your spouse and your spouse transferred his or her interest in the home to you, in most cases, your basis in the half interest received from your spouse is the same as your spouse's adjusted basis just before the transfer. File 1040x online free This also applies if your former spouse transferred his or her interest in the home to you incident to your divorce. File 1040x online free Your basis in the half interest you already owned does not change. File 1040x online free Your new basis in the home is the total of these two amounts. File 1040x online free Transfers before July 19, 1984. File 1040x online free   If you received your home before July 19, 1984, in exchange for your release of marital rights, in most cases, your basis in the home is generally its fair market value at the time you received it. File 1040x online free More information. File 1040x online free   For more information on property received from a spouse or former spouse, see Property Settlements in Publication 504. File 1040x online free Involuntary conversion. File 1040x online free   If your home is destroyed or condemned, you may receive insurance proceeds or a condemnation award. File 1040x online free If you acquired a replacement home with these proceeds, the basis is its cost decreased by any gain not recognized on the conversion under the rules explained in: Publication 547, in the case of a home that was destroyed, or Chapter 1 of Publication 544, in the case of a home that was condemned. File 1040x online free Example. File 1040x online free A fire destroyed your home that you owned and used for only 6 months. File 1040x online free The home had an adjusted basis of $80,000 and the insurance company paid you $130,000 for the loss. File 1040x online free Your gain is $50,000 ($130,000 − $80,000). File 1040x online free You bought a replacement home for $100,000. File 1040x online free The part of your gain that is taxable is $30,000 ($130,000 − $100,000), the unspent part of the payment from the insurance company. File 1040x online free The rest of the gain ($20,000) is not taxable, so that amount reduces your basis in the new home. File 1040x online free The basis of the new home is figured as follows. File 1040x online free Cost of replacement home $100,000 Minus: Gain not recognized 20,000 Basis of the replacement home $80,000 More information. File 1040x online free   For more information about basis, see Publication 551. File 1040x online free Adjusted Basis Adjusted basis is your cost or other basis increased or decreased by certain amounts. File 1040x online free To figure your adjusted basis, you can use Worksheet 1, found toward the end of this publication. File 1040x online free Filled-in examples of that worksheet are included in Comprehensive Examples , later. File 1040x online free Recordkeeping. File 1040x online free You should keep records to prove your home's adjusted basis. File 1040x online free Ordinarily, you must keep records for 3 years after the due date for filing your return for the tax year in which you sold your home. File 1040x online free But if you sold a home before May 7, 1997, and postponed tax on any gain, the basis of that home affects the basis of the new home you bought. File 1040x online free Keep records proving the basis of both homes as long as they are needed for tax purposes. File 1040x online free The records you should keep include: Proof of the home's purchase price and purchase expenses; Receipts and other records for all improvements, additions, and other items that affect the home's adjusted basis; Any worksheets or other computations you used to figure the adjusted basis of the home you sold, the gain or loss on the sale, the exclusion, and the taxable gain; Any Form 982 you filed to exclude any discharge of qualified principal residence indebtedness; Any Form 2119, Sale of Your Home, you filed to postpone gain from the sale of a previous home before May 7, 1997; and Any worksheets you used to prepare Form 2119, such as the Adjusted Basis of Home Sold Worksheet or the Capital Improvements Worksheet from the Form 2119 instructions, or other source of computations. File 1040x online free Increases to Basis These include the following. File 1040x online free Additions and other improvements that have a useful life of more than 1 year. File 1040x online free Special assessments for local improvements. File 1040x online free Amounts you spent after a casualty to restore damaged property. File 1040x online free Improvements. File 1040x online free   These add to the value of your home, prolong its useful life, or adapt it to new uses. File 1040x online free You add the cost of additions and other improvements to the basis of your property. File 1040x online free   The following chart lists some other examples of improvements. File 1040x online free Examples of Improvements That Increase Basis Additions Bedroom Bathroom Deck Garage Porch Patio Heating & Air Conditioning Heating system Central air conditioning Furnace Duct work Central humidifier Filtration system Lawn & Grounds Landscaping Driveway Walkway Fence  Retaining wall Sprinkler system Swimming pool  Miscellaneous Storm windows, doors New roof Central vacuum Wiring upgrades Satellite dish Security system  Plumbing Septic system Water heater Soft water system Filtration system  Interior Improvements Built-in appliances  Kitchen modernization  Flooring Wall-to-wall carpeting  Insulation Attic Walls Floors Pipes and duct work Improvements no longer part of home. File 1040x online free   Your home's adjusted basis does not include the cost of any improvements that are replaced and are no longer part of the home. File 1040x online free Example. File 1040x online free You put wall-to-wall carpeting in your home 15 years ago. File 1040x online free Later, you replaced that carpeting with new wall-to-wall carpeting. File 1040x online free The cost of the old carpeting you replaced is no longer part of your home's adjusted basis. File 1040x online free Repairs. File 1040x online free   These maintain your home in good condition but do not add to its value or prolong its life. File 1040x online free You do not add their cost to the basis of your property. File 1040x online free Examples. File 1040x online free Repainting your house inside or outside, fixing your gutters or floors, repairing leaks or plastering, and replacing broken window panes are examples of repairs. File 1040x online free Exception. File 1040x online free   The entire job is considered an improvement if items that would otherwise be considered repairs are done as part of an extensive remodeling or restoration of your home. File 1040x online free For example, if you have a casualty and your home is damaged, increase your basis by the amount you spend on repairs that restore the property to its pre-casualty condition. File 1040x online free Decreases to Basis These include the following. File 1040x online free Discharge of qualified principal residence indebtedness that was excluded from income (but not below zero). File 1040x online free For details, see Publication 4681. File 1040x online free Some or all of the cancellation of debt income that was excluded due to your bankruptcy or insolvency. File 1040x online free For details, see Publication 4681. File 1040x online free Gain you postponed from the sale of a previous home before May 7, 1997. File 1040x online free Deductible casualty losses. File 1040x online free Insurance payments you received or expect to receive for casualty losses. File 1040x online free Payments you received for granting an easement or right-of-way. File 1040x online free Depreciation allowed or allowable if you used your home for business or rental purposes. File 1040x online free Energy-related credits allowed for expenditures made on the residence. File 1040x online free (Reduce the increase in basis otherwise allowable for expenditures on the residence by the amount of credit allowed for those expenditures. File 1040x online free ) Adoption credit you claimed for improvements added to the basis of your home. File 1040x online free Nontaxable payments from an adoption assistance program of your employer you used for improvements you added to the basis of your home. File 1040x online free Energy conservation subsidy excluded from your gross income because you received it (directly or indirectly) from a public utility after 1992 to buy or install any energy conservation measure. File 1040x online free An energy conservation measure is an installation or modification primarily designed either to reduce consumption of electricity or natural gas or to improve the management of energy demand for a home. File 1040x online free District of Columbia first-time homebuyer credit allowed on the purchase of a principal residence in the District of Columbia. File 1040x online free General sales taxes claimed as an itemized deduction on Schedule A (Form 1040) that were imposed on the purchase of personal property, such as a houseboat used as your home or a mobile home. File 1040x online free Discharges of qualified principal residence indebtedness. File 1040x online free   You may be able to exclude from gross income a discharge of qualified principal residence indebtedness. File 1040x online free This exclusion applies to discharges made after 2006 and before 2014. File 1040x online free If you choose to exclude this income, you must reduce (but not below zero) the basis of your principal residence by the amount excluded from gross income. File 1040x online free   File Form 982 with your tax return. File 1040x online free See the form's instructions for detailed information. File 1040x online free    A decrease in basis due to a discharge of qualified principal residence indebtedness that is excluded from income occurs only if you retain ownership of the principal residence after a discharge. File 1040x online free In most cases, this would occur in a refinancing or a restructuring of the mortgage. File 1040x online free Excluding the Gain You may qualify to exclude from your income all or part of any gain from the sale of your main home. File 1040x online free This means that, if you qualify, you will not have to pay tax on the gain up to the limit described under Maximum Exclusion , next. File 1040x online free To qualify, you must meet the ownership and use tests described later. File 1040x online free You can choose not to take the exclusion by including the gain from the sale in your gross income on your tax return for the year of the sale. File 1040x online free This choice can be made (or revoked) at any time before the expiration of a 3-year period beginning on the due date of your return (not including extensions) for the year of the sale. File 1040x online free You can use Worksheet 2 (near the end of this publication) to figure the amount of your exclusion and your taxable gain, if any. File 1040x online free If you have any taxable gain from the sale of your home, you may have to increase your withholding or make estimated tax payments. File 1040x online free See Publication 505, Tax Withholding and Estimated Tax. File 1040x online free Maximum Exclusion You can exclude up to $250,000 of the gain (other than gain allocated to periods of nonqualified use) on the sale of your main home if all of the following are true. File 1040x online free You meet the ownership test. File 1040x online free You meet the use test. File 1040x online free During the 2-year period ending on the date of the sale, you did not exclude gain from the sale of another home. File 1040x online free For details on gain allocated to periods of nonqualified use, see Nonqualified Use , later. File 1040x online free If you and another person owned the home jointly but file separate returns, each of you can exclude up to $250,000 of gain from the sale of your interest in the home if each of you meets the three conditions just listed. File 1040x online free You may be able to exclude up to $500,000 of the gain (other than gain allocated to periods of nonqualified use) on the sale of your main home if you are married and file a joint return and meet the requirements listed in the discussion of the special rules for joint returns, later, under Married Persons . File 1040x online free Ownership and Use Tests To claim the exclusion, you must meet the ownership and use tests. File 1040x online free This means that during the 5-year period ending on the date of the sale, you must have: Owned the home for at least 2 years (the ownership test), and Lived in the home as your main home for at least 2 years (the use test). File 1040x online free Exception. File 1040x online free   If you owned and lived in the property as your main home for less than 2 years, you can still claim an exclusion in some cases. File 1040x online free However, the maximum amount you may be able to exclude will be reduced. File 1040x online free See Reduced Maximum Exclusion , later. File 1040x online free Example 1—home owned and occupied for at least 2 years. File 1040x online free Mya bought and moved into her main home in September 2011. File 1040x online free She sold the home at a gain in October 2013. File 1040x online free During the 5-year period ending on the date of sale in October 2013, she owned and lived in the home for more than 2 years. File 1040x online free She meets the ownership and use tests. File 1040x online free Example 2—ownership test met but use test not met. File 1040x online free Ayden bought a home, lived in it for 6 months, moved out, and never occupied the home again. File 1040x online free He later sold the home for a gain in June 2013. File 1040x online free He owned the home during the entire 5-year period ending on the date of sale. File 1040x online free He meets the ownership test but not the use test. File 1040x online free He cannot exclude any part of his gain on the sale unless he qualified for a reduced maximum exclusion (explained later). File 1040x online free Period of Ownership and Use The required 2 years of ownership and use during the 5-year period ending on the date of the sale do not have to be continuous nor do they both have to occur at the same time. File 1040x online free You meet the tests if you can show that you owned and lived in the property as your main home for either 24 full months or 730 days (365 × 2) during the 5-year period ending on the date of sale. File 1040x online free Example. File 1040x online free Naomi bought and moved into a house in July 2009. File 1040x online free She lived there for 13 months and then moved in with a friend. File 1040x online free She later moved back into her house and lived there for 12 months until she sold it in August 2013. File 1040x online free Naomi meets the ownership and use tests because, during the 5-year period ending on the date of sale, she owned the house for more than 2 years and lived in it for a total of 25 (13 + 12) months. File 1040x online free Temporary absence. File 1040x online free   Short temporary absences for vacations or other seasonal absences, even if you rent out the property during the absences, are counted as periods of use. File 1040x online free The following examples assume that the reduced maximum exclusion (discussed later) does not apply to the sales. File 1040x online free Example 1. File 1040x online free David Johnson, who is single, bought and moved into his home on February 1, 2011. File 1040x online free Each year during 2011 and 2012, David left his home for a 2-month summer vacation. File 1040x online free David sold the house on March 1, 2013. File 1040x online free Although the total time David lived in his home is less than 2 years (21 months), he meets the use requirement and may exclude gain. File 1040x online free The 2-month vacations are short temporary absences and are counted as periods of use in determining whether David used the home for the required 2 years. File 1040x online free Example 2. File 1040x online free Professor Paul Beard, who is single, bought and moved into a house in December 2010, went abroad for a 1-year sabbatical leave in January 2012, returned to the house in January 2013, and sold it at a gain in February 2013. File 1040x online free Because his leave was not a short temporary absence, he cannot include the period of leave to meet the 2-year use test. File 1040x online free He cannot exclude any part of his gain because he did not use the residence for the required 2 years. File 1040x online free Ownership and use tests met at different times. File 1040x online free   You can meet the ownership and use tests during different 2-year periods. File 1040x online free However, you must meet both tests during the 5-year period ending on the date of the sale. File 1040x online free Example. File 1040x online free Beginning in 2002, Helen Jones lived in a rented apartment. File 1040x online free The apartment building was later converted to condominiums, and she bought her same apartment on December 3, 2010. File 1040x online free In 2011, Helen became ill and on April 14 of that year she moved to her daughter's home. File 1040x online free On July 12, 2013, while still living in her daughter's home, she sold her condominium. File 1040x online free Helen can exclude gain on the sale of her condominium because she met the ownership and use tests during the 5-year period from July 13, 2008, to July 12, 2013, the date she sold the condominium. File 1040x online free She owned her condominium from December 3, 2010, to July 12, 2013 (more than 2 years). File 1040x online free She lived in the property from July 13, 2008 (the beginning of the 5-year period), to April 14, 2011 (more than 2 years). File 1040x online free The time Helen lived in her daughter's home during the 5-year period can be counted toward her period of ownership, and the time she lived in her rented apartment during the 5-year period can be counted toward her period of use. File 1040x online free Cooperative apartment. File 1040x online free   If you sold stock as a tenant-shareholder in a cooperative housing corporation, the ownership and use tests are met if, during the 5-year period ending on the date of sale, you: Owned the stock for at least 2 years, and Lived in the house or apartment that the stock entitled you to occupy as your main home for at least 2 years. File 1040x online free Exceptions to Ownership and Use Tests The following sections contain exceptions to the ownership and use tests for certain taxpayers. File 1040x online free Exception for individuals with a disability. File 1040x online free   There is an exception to the use test if: You become physically or mentally unable to care for yourself, and You owned and lived in your home as your main home for a total of at least 1 year during the 5-year period before the sale of your home. File 1040x online free Under this exception, you are considered to live in your home during any time within the 5-year period that you own the home and live in a facility (including a nursing home) licensed by a state or political subdivision to care for persons in your condition. File 1040x online free   If you meet this exception to the use test, you still have to meet the 2-out-of-5-year ownership test to claim the exclusion. File 1040x online free Previous home destroyed or condemned. File 1040x online free   For the ownership and use tests, you add the time you owned and lived in a previous home that was destroyed or condemned to the time you owned and lived in the replacement home on whose sale you wish to exclude gain. File 1040x online free This rule applies if any part of the basis of the home you sold depended on the basis of the destroyed or condemned home (see Involuntary Conversions in Publication 551). File 1040x online free Otherwise, you must have owned and lived in the same home for 2 of the 5 years before the sale to qualify for the exclusion. File 1040x online free Members of the uniformed services or Foreign Service, employees of the intelligence community, or employees or volunteers of the Peace Corps. File 1040x online free   You can choose to have the 5-year test period for ownership and use suspended during any period you or your spouse serve on qualified official extended duty (defined later) as a member of the uniformed services or Foreign Service of the United States, or as an employee of the intelligence community. File 1040x online free You can choose to have the 5-year test period for ownership and use suspended during any period you or your spouse serve outside the United States either as an employee of the Peace Corps on qualified official extended duty (defined later) or as an enrolled volunteer or volunteer leader of the Peace Corps. File 1040x online free This means that you may be able to meet the 2-year use test even if, because of your service, you did not actually live in your home for at least the required 2 years during the 5-year period ending on the date of sale. File 1040x online free   If this helps you qualify to exclude gain, you can choose to have the 5-year test period suspended by filing a return for the year of sale that does not include the gain. File 1040x online free Example. File 1040x online free John bought and moved into a home in 2005. File 1040x online free He lived in it as his main home for 2½ years. File 1040x online free For the next 6 years, he did not live in it because he was on qualified official extended duty with the Army. File 1040x online free He then sold the home at a gain in 2013. File 1040x online free To meet the use test, John chooses to suspend the 5-year test period for the 6 years he was on qualified official extended duty. File 1040x online free This means he can disregard those 6 years. File 1040x online free Therefore, John's 5-year test period consists of the 5 years before he went on qualified official extended duty. File 1040x online free He meets the ownership and use tests because he owned and lived in the home for 2½ years during this test period. File 1040x online free Period of suspension. File 1040x online free   The period of suspension cannot last more than 10 years. File 1040x online free Together, the 10-year suspension period and the 5-year test period can be as long as, but no more than, 15 years. File 1040x online free You cannot suspend the 5-year period for more than one property at a time. File 1040x online free You can revoke your choice to suspend the 5-year period at any time. File 1040x online free Example. File 1040x online free Mary bought a home on April 1, 1997. File 1040x online free She used it as her main home until August 31, 2000. File 1040x online free On September 1, 2000, she went on qualified official extended duty with the Navy. File 1040x online free She did not live in the house again before selling it on July 31, 2013. File 1040x online free Mary chooses to use the entire 10-year suspension period. File 1040x online free Therefore, the suspension period would extend back from July 31, 2013, to August 1, 2003, and the 5-year test period would extend back to August 1, 1998. File 1040x online free During that period, Mary owned the house all 5 years and lived in it as her main home from August 1, 1998, until August 31, 2000, a period of more than 24 months. File 1040x online free She meets the ownership and use tests because she owned and lived in the home for at least 2 years during this test period. File 1040x online free Uniformed services. File 1040x online free   The uniformed services are: The Armed Forces (the Army, Navy, Air Force, Marine Corps, and Coast Guard), The commissioned corps of the National Oceanic and Atmospheric Administration, and The commissioned corps of the Public Health Service. File 1040x online free Foreign Service member. File 1040x online free   For purposes of the choice to suspend the 5-year test period for ownership and use, you are a member of the Foreign Service if you are any of the following. File 1040x online free A Chief of mission. File 1040x online free An Ambassador at large. File 1040x online free A member of the Senior Foreign Service. File 1040x online free A Foreign Service officer. File 1040x online free Part of the Foreign Service personnel. File 1040x online free Employee of the intelligence community. File 1040x online free   For purposes of the choice to suspend the 5-year test period for ownership and use, you are an employee of the intelligence community if you are an employee of any of the following. File 1040x online free The Office of the Director of National Intelligence. File 1040x online free The Central Intelligence Agency. File 1040x online free The National Security Agency. File 1040x online free The Defense Intelligence Agency. File 1040x online free The National Geospatial-Intelligence Agency. File 1040x online free The National Reconnaissance Office and any other office within the Department of Defense for the collection of specialized national intelligence through reconnaissance programs. File 1040x online free Any of the intelligence elements of the Army, the Navy, the Air Force, the Marine Corps, the Federal Bureau of Investigation, the Department of Treasury, the Department of Energy, and the Coast Guard. File 1040x online free The Bureau of Intelligence and Research of the Department of State. File 1040x online free Any of the elements of the Department of Homeland Security concerned with the analyses of foreign intelligence information. File 1040x online free Qualified official extended duty. File 1040x online free   You are on qualified official extended duty if you are on extended duty while: Serving at a duty station at least 50 miles from your main home, or Living in Government quarters under Government orders. File 1040x online free   You are on extended duty when you are called or ordered to active duty for a period of more than 90 days or for an indefinite period. File 1040x online free Married Persons If you and your spouse file a joint return for the year of sale and one spouse meets the ownership and use tests, you can exclude up to $250,000 of the gain. File 1040x online free (But see Special rules for joint returns, next. File 1040x online free ) Special rules for joint returns. File 1040x online free   You can exclude up to $500,000 of the gain on the sale of your main home if all of the following are true. File 1040x online free You are married and file a joint return for the year. File 1040x online free Either you or your spouse meets the ownership test. File 1040x online free Both you and your spouse meet the use test. File 1040x online free During the 2-year period ending on the date of the sale, neither you nor your spouse excluded gain from the sale of another home. File 1040x online free If either spouse does not satisfy all these requirements, the maximum exclusion that can be claimed by the couple is the total of the maximum exclusions that each spouse would qualify for if not married and the amounts were figured separately. File 1040x online free For this purpose, each spouse is treated as owning the property during the period that either spouse owned the property. File 1040x online free Example 1—one spouse sells a home. File 1040x online free Emily sells her home in June 2013 for a gain of $300,000. File 1040x online free She marries Jamie later in the year. File 1040x online free She meets the ownership and use tests, but Jamie does not. File 1040x online free Emily can exclude up to $250,000 of gain on a separate or joint return for 2013. File 1040x online free The $500,000 maximum exclusion for certain joint returns does not apply because Jamie does not meet the use test. File 1040x online free Example 2—each spouse sells a home. File 1040x online free The facts are the same as in Example 1 except that Jamie also sells a home in 2013 for a gain of $200,000 before he marries Emily. File 1040x online free He meets the ownership and use tests on his home, but Emily does not. File 1040x online free Emily can exclude $250,000 of gain and Jamie can exclude $200,000 of gain on the respective sales of their individual homes. File 1040x online free However, Emily cannot use Jamie's unused exclusion to exclude more than $250,000 of gain. File 1040x online free Therefore, Emily and Jamie must recognize $50,000 of gain on the sale of Emily's home. File 1040x online free The $500,000 maximum exclusion for certain joint returns does not apply because Emily and Jamie do not both meet the use test for the same home. File 1040x online free Sale of main home by surviving spouse. File 1040x online free   If your spouse died and you did not remarry before the date of sale, you are considered to have owned and lived in the property as your main home during any period of time when your spouse owned and lived in it as a main home. File 1040x online free   If you meet all of the following requirements, you may qualify to exclude up to $500,000 of any gain from the sale or exchange of your main home. File 1040x online free The sale or exchange took place after 2008. File 1040x online free The sale or exchange took place no more than 2 years after the date of death of your spouse. File 1040x online free You have not remarried. File 1040x online free You and your spouse met the use test at the time of your spouse's death. File 1040x online free You or your spouse met the ownership test at the time of your spouse's death. File 1040x online free Neither you nor your spouse excluded gain from the sale of another home during the last 2 years before the date of death. File 1040x online free The ownership and use tests were described earlier. File 1040x online free Example. File 1040x online free Harry owned and used a house as his main home since 2009. File 1040x online free Harry and Wilma married on July 1, 2013, and from that date they used Harry's house as their main home. File 1040x online free Harry died on August 15, 2013, and Wilma inherited the property. File 1040x online free Wilma sold the property on September 1, 2013, at which time she had not remarried. File 1040x online free Although Wilma owned and used the house for less than 2 years, Wilma is considered to have satisfied the ownership and use tests because her period of ownership and use includes the period that Harry owned and used the property before death. File 1040x online free Home transferred from spouse. File 1040x online free   If your home was transferred to you by your spouse (or former spouse if the transfer was incident to divorce), you are considered to have owned it during any period of time when your spouse owned it. File 1040x online free Use of home after divorce. File 1040x online free   You are considered to have used property as your main home during any period when: You owned it, and Your spouse or former spouse is allowed to live in it under a divorce or separation instrument and uses it as his or her main home. File 1040x online free Reduced Maximum Exclusion If you fail to meet the requirements to qualify for the $250,000 or $500,000 exclusion, you may still qualify for a reduced exclusion. File 1040x online free This applies to those who: Fail to meet the ownership and use tests, or Have used the exclusion within 2 years of selling their current home. File 1040x online free In both cases, to qualify for a reduced exclusion, the sale of your main home must be due to one of the following reasons. File 1040x online free A change in place of employment. File 1040x online free Health. File 1040x online free Unforeseen circumstances. File 1040x online free Qualified individual. File 1040x online free   For purposes of the reduced maximum exclusion, a qualified individual is any of the following. File 1040x online free You. File 1040x online free Your spouse. File 1040x online free A co-owner of the home. File 1040x online free A person whose main home is the same as yours. File 1040x online free Primary reason for sale. File 1040x online free   One of the three reasons above will be considered to be the primary reason you sold your home if either (1) or (2) is true. File 1040x online free You qualify under a “safe harbor. File 1040x online free ” This is a specific set of facts and circumstances that, if applicable, qualifies you to claim a reduced maximum exclusion. File 1040x online free Safe harbors corresponding to the reasons listed above are described later. File 1040x online free A safe harbor does not apply, but you can establish, based on facts and circumstances, that the primary reason for the sale is a change in place of employment, health, or unforeseen circumstances. File 1040x online free  Factors that may be relevant in determining your primary reason for sale include whether: Your sale and the circumstances causing it were close in time, The circumstances causing your sale occurred during the time you owned and used the property as your main home, The circumstances causing your sale were not reasonably foreseeable when you began using the property as your main home, Your financial ability to maintain the property became materially impaired, The suitability of the property as your main home materially changed, and During the time you owned the property, you used it as your home. File 1040x online free Change in Place of Employment You may qualify for a reduced exclusion if the primary reason for the sale of your main home is a change in the location of employment of a qualified individual. File 1040x online free Employment. File 1040x online free   For this purpose, employment includes the start of work with a new employer or continuation of work with the same employer. File 1040x online free It also includes the start or continuation of self-employment. File 1040x online free Distance safe harbor. File 1040x online free   A change in place of employment is considered to be the reason you sold your home if: The change occurred during the period you owned and used the property as your main home, and The new place of employment is at least 50 miles farther from the home you sold than was the former place of employment (or, if there was no former place of employment, the distance between your new place of employment and the home sold is at least 50 miles). File 1040x online free Example. File 1040x online free Justin was unemployed and living in a townhouse in Florida he had owned and used as his main home since 2012. File 1040x online free He got a job in North Carolina and sold his townhouse in 2013. File 1040x online free Because the distance between Justin's new place of employment and the home he sold is at least 50 miles, the sale satisfies the conditions of the distance safe harbor. File 1040x online free Justin's sale of his home is considered to be because of a change in place of employment, and he is entitled to claim a reduced maximum exclusion of gain from the sale. File 1040x online free Health The sale of your main home is because of health if your primary reason for the sale is: To obtain, provide, or facilitate the diagnosis, cure, mitigation, or treatment of disease, illness, or injury of a qualified individual, or To obtain or provide medical or personal care for a qualified individual suffering from a disease, illness, or injury. File 1040x online free The sale of your home is not because of health if the sale merely benefits a qualified individual's general health or well-being. File 1040x online free For purposes of this reason, a qualified individual includes, in addition to the individuals listed earlier under Qualified individual , any of the following family members of these individuals. File 1040x online free Parent, grandparent, stepmother, stepfather. File 1040x online free Child, grandchild, stepchild, adopted child, eligible foster child. File 1040x online free Brother, sister, stepbrother, stepsister, half-brother, half-sister. File 1040x online free Mother-in-law, father-in-law, brother-in-law, sister-in-law, son-in-law, or daughter-in-law. File 1040x online free Uncle, aunt, nephew, niece, or cousin. File 1040x online free Example. File 1040x online free In 2012, Chase and Lauren, spouses, bought a house that they used as their main home. File 1040x online free Lauren's father has a chronic disease and is unable to care for himself. File 1040x online free In 2013, Chase and Lauren sold their home in order to move into Lauren's father's house to provide care for him. File 1040x online free Because the primary reason for the sale of their home was to provide care for Lauren's father, Chase and Lauren are entitled to a reduced maximum exclusion. File 1040x online free Doctor's recommendation safe harbor. File 1040x online free   Health is considered to be the reason you sold your home if, for one or more of the reasons listed at the beginning of this discussion, a doctor recommends a change of residence. File 1040x online free Unforeseen Circumstances The sale of your main home is because of an unforeseen circumstance if your primary reason for the sale is the occurrence of an event that you could not reasonably have anticipated before buying and occupying that home. File 1040x online free You are not considered to have an unforeseen circumstance if the primary reason you sold your home was that you preferred to get a different home or because your finances improved. File 1040x online free Specific event safe harbors. File 1040x online free   Unforeseen circumstances are considered to be the reason for selling your home if any of the following events occurred while you owned and used the property as your main home. File 1040x online free An involuntary conversion of your home, such as when your home is destroyed or condemned. File 1040x online free Natural or man-made disasters or acts of war or terrorism resulting in a casualty to your home, whether or not your loss is deductible. File 1040x online free In the case of qualified individuals (listed earlier under Qualified individual ): Death, Unemployment (if the individual is eligible for unemployment compensation), A change in employment or self-employment status that results in the individual's inability to pay reasonable basic living expenses (listed under Reasonable basic living expenses , later) for his or her household, Divorce or legal separation under a decree of divorce or separate maintenance, or Multiple births resulting from the same pregnancy. File 1040x online free An event the IRS determined to be an unforeseen circumstance in published guidance of general applicability. File 1040x online free For example, the IRS determined the September 11, 2001, terrorist attacks to be an unforeseen circumstance. File 1040x online free Reasonable basic living expenses. File 1040x online free   Reasonable basic living expenses for your household include the following. File 1040x online free Amounts spent for food. File 1040x online free Amounts spent for clothing. File 1040x online free Housing and related expenses. File 1040x online free Medical expenses. File 1040x online free Transportation expenses. File 1040x online free Tax payments. File 1040x online free Court-ordered payments. File 1040x online free Expenses reasonably necessary to produce income. File 1040x online free   Any of these amounts spent to maintain an affluent or luxurious standard of living are not reasonable basic living expenses. File 1040x online free Nonqualified Use Gain from the sale or exchange of the main home is not excludable from income if it is allocable to periods of nonqualified use. File 1040x online free Nonqualified use means any period after 2008 where neither you nor your spouse (or your former spouse) used the property as a main home, with certain exceptions (see next). File 1040x online free Exceptions. File 1040x online free   A period of nonqualified use does not include: Any portion of the 5-year period ending on the date of the sale or exchange after the last date you (or your spouse) use the property as a main home; Any period (not to exceed an aggregate period of 10 years) during which you (or your spouse) are serving on qualified official extended duty: As a member of the uniformed services; As a member of the Foreign Service of the United States; or As an employee of the intelligence community; and Any other period of temporary absence (not to exceed an aggregate period of 2 years) due to change of employment, health conditions, or such other unforeseen circumstances as may be specified by the IRS. File 1040x online free Calculation. File 1040x online free   To figure the portion of the gain allocated to the period of nonqualified use, multiply the gain (net of any depreciation allowed or allowable on the property for periods after May 6, 1997) by the following fraction:   Total nonqualified use during the period of ownership after 2008     Total period of ownership     This calculation can be found in Worksheet 2, line 10, later in this publication. File 1040x online free   For examples of this calculation, see Business Use or Rental of Home , next. File 1040x online free Business Use or Rental of Home You may be able to exclude gain from the sale of a home you have used for business or to produce rental income if you meet the ownership and use tests. File 1040x online free Example 1. File 1040x online free On May 23, 2007, Amy, who is unmarried for all years in this example, bought a house. File 1040x online free She moved in on that date and lived in it until May 31, 2009, when she moved out of the house and put it up for rent. File 1040x online free The house was rented from June 1, 2009, to March 31, 2011. File 1040x online free Amy claimed depreciation deductions in 2009 through 2011 totaling $10,000. File 1040x online free Amy moved back into the house on April 1, 2011, and lived there until she sold it on January 31, 2013, for a gain of $200,000. File 1040x online free During the 5-year period ending on the date of the sale (January 31, 2008–January 31, 2013), Amy owned and lived in the house for more than 2 years as shown in the following table. File 1040x online free Five-Year Period Used as Home Used as Rental 1/31/08 – 5/31/09 16 months   6/01/09 – 3/31/11   22 months 4/01/11 – 1/31/13 22 months     38 months 22 months       During the period Amy owned the house (2,080 days), her period of nonqualified use was 668 days. File 1040x online free Because the gain attributable to periods of nonqualified use is $60,990, Amy can exclude $129,010 of her gain, as shown on Worksheet 2. File 1040x online free Example 2. File 1040x online free William owned and used a house as his main home from 2007 through 2010. File 1040x online free On January 1, 2011, he moved to another state. File 1040x online free He rented his house from that date until April 30, 2013, when he sold it. File 1040x online free During the 5-year period ending on the date of sale (May 1, 2008-April 30, 2013), William owned and lived in the house for more than 2 years. File 1040x online free Because it was rental property at the time of the sale, he must report the sale on Form 4797. File 1040x online free Because the period of nonqualified use does not include any part of the 5-year period after the last date William lived in the house, he has no period of nonqualified use. File 1040x online free Because he met the ownership and use tests, he can exclude gain up to $250,000. File 1040x online free However, he cannot exclude the part of the gain equal to the depreciation he claimed or could have claimed for renting the house, as explained next. File 1040x online free Depreciation after May 6, 1997. File 1040x online free   If you were entitled to take depreciation deductions because you used your home for business purposes or as rental property, you cannot exclude the part of your gain equal to any depreciation allowed or allowable as a deduction for periods after May 6, 1997. File 1040x online free If you can show by adequate records or other evidence that the depreciation allowed was less than the amount allowable, then you may limit the amount of gain recognized to the depreciation allowed. File 1040x online free Unrecaptured section 1250 gain. File 1040x online free   This is the part of any long-term capital gain from the sale of your home that is due to depreciation and cannot be excluded. File 1040x online free To figure the amount of unrecaptured section 1250 gain to be reported on Schedule D (Form 1040), you must also take into account certain gains or losses from the sale of property other than your home. File 1040x online free Use the Unrecaptured Section 1250 Gain Worksheet in the Schedule D instructions for this purpose. File 1040x online free Worksheet 2. File 1040x online free Taxable Gain on Sale of Home—Completed Example 1 for Amy Part 1. File 1040x online free Gain or (Loss) on Sale       1. File 1040x online free   Selling price of home 1. File 1040x online free     2. File 1040x online free   Selling expenses (including commissions, advertising and legal fees, and seller-paid loan charges) 2. File 1040x online free     3. File 1040x online free   Subtract line 2 from line 1. File 1040x online free This is the amount realized 3. File 1040x online free     4. File 1040x online free   Adjusted basis of home sold (from Worksheet 1, line 13) 4. File 1040x online free     5. File 1040x online free   Gain or (loss) on the sale. File 1040x online free Subtract line 4 from line 3. File 1040x online free If this is a loss, stop here 5. File 1040x online free 200,000   Part 2. File 1040x online free Exclusion and Taxable Gain       6. File 1040x online free   Enter any depreciation allowed or allowable on the property for periods after May 6, 1997. File 1040x online free If none, enter -0- 6. File 1040x online free 10,000   7. File 1040x online free   Subtract line 6 from line 5. File 1040x online free If the result is less than zero, enter -0- 7. File 1040x online free 190,000   8. File 1040x online free   Aggregate number of days of nonqualified use after 2008. File 1040x online free If none, enter -0-. File 1040x online free  If line 8 is equal to zero, skip to line 12 and enter the amount from line 7 on line 12 8. File 1040x online free 668   9. File 1040x online free   Number of days taxpayer owned the property 9. File 1040x online free 2,080   10. File 1040x online free   Divide the amount on line 8 by the amount on line 9. File 1040x online free Enter the result as a decimal (rounded to at least 3 places). File 1040x online free But do not enter an amount greater than 1. File 1040x online free 00 10. File 1040x online free 0. File 1040x online free 321   11. File 1040x online free   Gain allocated to nonqualified use. File 1040x online free (Line 7 multiplied by line 10) 11. File 1040x online free 60,990   12. File 1040x online free   Gain eligible for exclusion. File 1040x online free Subtract line 11 from line 7 12. File 1040x online free 129,010   13. File 1040x online free   If you qualify to exclude gain on the sale, enter your maximum exclusion (see Maximum Exclusion ). File 1040x online free  If you qualify for a reduced maximum exclusion, enter the amount from Worksheet 3, line 7. File 1040x online free If you do  not qualify to exclude gain, enter -0- 13. File 1040x online free 250,000   14. File 1040x online free   Exclusion. File 1040x online free Enter the smaller of line 12 or line 13 14. File 1040x online free 129,010   15. File 1040x online free   Taxable gain. File 1040x online free Subtract line 14 from line 5. File 1040x online free Report your taxable gain as described under Reporting the Sale . File 1040x online free If the amount on line 6 is more than zero, complete line 16 15. File 1040x online free 70,990   16. File 1040x online free   Enter the smaller of line 6 or line 15. File 1040x online free Enter this amount on line 12 of the Unrecaptured Section 1250 Gain  Worksheet in the instructions for Schedule D (Form 1040) 16. File 1040x online free 10,000 Property Used Partly for Business or Rental If you use property partly as a home and partly for business or to produce rental income, the treatment of any gain on the sale depends partly on whether the business or rental part of the property is part of your home or separate from it. File 1040x online free Part of Home Used for Business or Rental If the part of your property used for business or to produce rental income is within your home, such as a room used as a home office for a business, you do not need to allocate gain on the sale of the property between the business part of the property and the part used as a home. File 1040x online free In addition, you do not need to report the sale of the business or rental part on Form 4797. File 1040x online free This is true whether or not you were entitled to claim any depreciation. File 1040x online free However, you cannot exclude the part of any gain equal to any depreciation allowed or allowable after May 6, 1997. File 1040x online free See Depreciation after May 6, 1997, earlier. File 1040x online free Example 1. File 1040x online free Ray sold his main home in 2013 at a $30,000 gain. File 1040x online free He has no gains or losses from the sale of property other than the gain from the sale of his home. File 1040x online free He meets the ownership and use tests to exclude the gain from his income. File 1040x online free However, he used part of the home as a business office in 2012 and claimed $500 depreciation. File 1040x online free Because the business office was part of his home (not separate from it), he does not have to allocate the gain on the sale between the business part of the property and the part used as a home. File 1040x online free In addition, he does not have to report any part of the gain on Form 4797. File 1040x online free Because Ray was entitled to take a depreciation deduction, he must recognize $500 of the gain as unrecaptured section 1250 gain. File 1040x online free He reports his gain, exclusion, and the taxable gain of $500 on Form 8949 and Schedule D (Form 1040). File 1040x online free Example 2. File 1040x online free The facts are the same as in Example 1 except that Ray was not entitled to claim depreciation for the business use of his home. File 1040x online free Since Ray did not claim any depreciation, he can exclude the entire $30,000 gain. File 1040x online free Separate Part of Property Used for Business or Rental You may have used part of your property as your home and a separate part of it for business or to produce rental income. File 1040x online free Examples are: A working farm on which your house was located, A duplex in w
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The File 1040x Online Free

File 1040x online free Publication 560 - Introductory Material Table of Contents Future Developments What's New Reminders IntroductionSEP plans. File 1040x online free SIMPLE plans. File 1040x online free Qualified plans. File 1040x online free Ordering forms and publications. File 1040x online free Tax questions. File 1040x online free Future Developments For the latest information about developments related to Publication 560, such as legislation enacted after we release it, go to www. File 1040x online free irs. File 1040x online free gov/pub560. File 1040x online free What's New Compensation limit increased for 2013 and 2014. File 1040x online free  For 2013 the maximum compensation used for figuring contributions and benefits increases to $255,000. File 1040x online free This limit increases to $260,000 for 2014. File 1040x online free Elective deferral limit for 2013 and 2014. File 1040x online free  The limit on elective deferrals, other than catch-up contributions, increases to $17,500 for 2013 and remains at $17,500 for 2014. File 1040x online free These limits apply for participants in SARSEPs, 401(k) plans (excluding SIMPLE plans), section 403(b) plans and section 457(b) plans. File 1040x online free Defined contribution limit increased for 2013 and 2014. File 1040x online free  The limit on contributions, other than catch-up contributions, for a participant in a defined contribution plan increases to $51,000 for 2013. File 1040x online free This limit increases to $52,000 for 2014. File 1040x online free SIMPLE plan salary reduction contribution limit for 2013 and 2014. File 1040x online free  The limit on salary reduction contributions, other than catch-up contributions, increases to $12,000 for 2013 and remains at $12,000 for 2014. File 1040x online free Catch-up contribution limit remains unchanged for 2013 and 2014. File 1040x online free  A plan can permit participants who are age 50 or over at the end of the calendar year to make catch-up contributions in addition to elective deferrals and SIMPLE plan salary reduction contributions. File 1040x online free The catch-up contribution limitation for defined contribution plans other than SIMPLE plans remains unchanged at $5,500 for 2013 and 2014. File 1040x online free The catch-up contribution limitation for SIMPLE plans remains unchanged at $2,500 for 2013 and 2014. File 1040x online free The catch-up contributions a participant can make for a year cannot exceed the lesser of the following amounts. File 1040x online free The catch-up contribution limit. File 1040x online free The excess of the participant's compensation over the elective deferrals that are not catch-up contributions. File 1040x online free See “Catch-up contributions” under Contribution Limits and Limit on Elective Deferrals in chapters 3 and 4, respectively, for more information. File 1040x online free All section references are to the Internal Revenue Code, unless otherwise stated. File 1040x online free Reminders In-plan Roth rollovers. File 1040x online free  Section 402A(c)(4) provides for a distribution from an individual's account in a 401(k) plan, other than from a designated Roth account, that is rolled over to the individual's designated Roth account in the same plan. File 1040x online free An in-plan Roth rollover is not treated as a distribution for most purposes. File 1040x online free Section 402A(c)(4) was added by the Small Business Jobs Act of 2010 and applies to distributions made after September 27, 2010. File 1040x online free For additional guidance on in-plan Roth rollovers, see Notice 2010-84, 2010-51 I. File 1040x online free R. File 1040x online free B. File 1040x online free 872, available at  www. File 1040x online free irs. File 1040x online free gov/irb/2010-51_IRB/ar11. File 1040x online free html. File 1040x online free In-plan Roth rollovers expanded. File 1040x online free  Beginning in 2013, a plan with designated Roth accounts can permit a participant to roll over amounts into a designated Roth account from his or her other accounts in the same plan, regardless of whether the participant is eligible for a distribution from the other accounts. File 1040x online free Section 402A(c)(4) was amended by the American Taxpayer Relief Act of 2012. File 1040x online free For more information, see Notice 2013-74, 2013-52 I. File 1040x online free R. File 1040x online free B. File 1040x online free 819, available at www. File 1040x online free irs. File 1040x online free gov/irb/2013-52_IRB/ar11. File 1040x online free html. File 1040x online free Credit for startup costs. File 1040x online free  You may be able to claim a tax credit for part of the ordinary and necessary costs of starting a SEP, SIMPLE, or qualified plan. File 1040x online free The credit equals 50% of the cost to set up and administer the plan and educate employees about the plan, up to a maximum of $500 per year for each of the first 3 years of the plan. File 1040x online free You can choose to start claiming the credit in the tax year before the tax year in which the plan becomes effective. File 1040x online free You must have had 100 or fewer employees who received at least $5,000 in compensation from you for the preceding year. File 1040x online free At least one participant must be a non-highly compensated employee. File 1040x online free The employees generally cannot be substantially the same employees for whom contributions were made or benefits accrued under a plan of any of the following employers in the 3-tax-year period immediately before the first year to which the credit applies. File 1040x online free You. File 1040x online free A member of a controlled group that includes you. File 1040x online free A predecessor of (1) or (2). File 1040x online free The credit is part of the general business credit, which can be carried back or forward to other tax years if it cannot be used in the current year. File 1040x online free However, the part of the general business credit attributable to the small employer pension plan startup cost credit cannot be carried back to a tax year beginning before January 1, 2002. File 1040x online free You cannot deduct the part of the startup costs equal to the credit claimed for a tax year, but you can choose not to claim the allowable credit for a tax year. File 1040x online free To take the credit, use Form 8881, Credit for Small Employer Pension Plan Startup Costs. File 1040x online free Retirement savings contributions credit. File 1040x online free  Retirement plan participants (including self-employed individuals) who make contributions to their plan may qualify for the retirement savings contribution credit. File 1040x online free The maximum contribution eligible for the credit is $2,000. File 1040x online free To take the credit, use Form 8880, Credit for Qualified Retirement Savings Contributions. File 1040x online free For more information on who is eligible for the credit, retirement plan contributions eligible for the credit and how to figure the credit, see Form 8880 and its instructions or go to the IRS website and search Retirement Topics-Retirement Savings Contributions Credit (Saver's Credit). File 1040x online free Photographs of missing children. File 1040x online free  The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. File 1040x online free Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. File 1040x online free You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child. File 1040x online free Introduction This publication discusses retirement plans you can set up and maintain for yourself and your employees. File 1040x online free In this publication, “you” refers to the employer. File 1040x online free See chapter 1 for the definition of the term employer and the definitions of other terms used in this publication. File 1040x online free This publication covers the following types of retirement plans. File 1040x online free SEP (simplified employee pension) plans. File 1040x online free SIMPLE (savings incentive match plan for employees) plans. File 1040x online free Qualified plans (also called H. File 1040x online free R. File 1040x online free 10 plans or Keogh plans when covering self-employed individuals), including 401(k) plans. File 1040x online free SEP, SIMPLE, and qualified plans offer you and your employees a tax-favored way to save for retirement. File 1040x online free You can deduct contributions you make to the plan for your employees. File 1040x online free If you are a sole proprietor, you can deduct contributions you make to the plan for yourself. File 1040x online free You can also deduct trustees' fees if contributions to the plan do not cover them. File 1040x online free Earnings on the contributions are generally tax free until you or your employees receive distributions from the plan. File 1040x online free Under a 401(k) plan, employees can have you contribute limited amounts of their before-tax (after-tax, in the case of a qualified Roth contribution program) pay to the plan. File 1040x online free These amounts (and the earnings on them) are generally tax free until your employees receive distributions from the plan or, in the case of a qualified distribution from a designated Roth account, completely tax free. File 1040x online free What this publication covers. File 1040x online free   This publication contains the information you need to understand the following topics. File 1040x online free What type of plan to set up. File 1040x online free How to set up a plan. File 1040x online free How much you can contribute to a plan. File 1040x online free How much of your contribution is deductible. File 1040x online free How to treat certain distributions. File 1040x online free How to report information about the plan to the IRS and your employees. File 1040x online free Basic features of SEP, SIMPLE, and qualified plans. File 1040x online free The key rules for SEP, SIMPLE, and qualified plans are outlined in Table 1. File 1040x online free SEP plans. File 1040x online free   SEPs provide a simplified method for you to make contributions to a retirement plan for yourself and your employees. File 1040x online free Instead of setting up a profit-sharing or money purchase plan with a trust, you can adopt a SEP agreement and make contributions directly to a traditional individual retirement account or a traditional individual retirement annuity (SEP-IRA) set up for yourself and each eligible employee. File 1040x online free SIMPLE plans. File 1040x online free   Generally, if you had 100 or fewer employees who received at least $5,000 in compensation last year, you can set up a SIMPLE plan. File 1040x online free Under a SIMPLE plan, employees can choose to make salary reduction contributions rather than receiving these amounts as part of their regular pay. File 1040x online free In addition, you will contribute matching or nonelective contributions. File 1040x online free The two types of SIMPLE plans are the SIMPLE IRA plan and the SIMPLE 401(k) plan. File 1040x online free Qualified plans. File 1040x online free   The qualified plan rules are more complex than the SEP plan and SIMPLE plan rules. File 1040x online free However, there are advantages to qualified plans, such as increased flexibility in designing plans and increased contribution and deduction limits in some cases. File 1040x online free Table 1. File 1040x online free Key Retirement Plan Rules for 2013 Type  of  Plan Last Date for Contribution Maximum Contribution Maximum Deduction When To Set Up Plan SEP Due date of employer's return (including extensions). File 1040x online free Smaller of $51,000 or 25%1 of participant's compensation. File 1040x online free 2 25%1 of all participants' compensation. File 1040x online free 2 Any time up to the due date of employer's return (including extensions). File 1040x online free SIMPLE IRA and SIMPLE 401(k) Salary reduction contributions: 30 days after the end of the month for which the contributions are to be made. File 1040x online free 4  Matching or nonelective contributions: Due date of employer's return (including extensions). File 1040x online free Employee contribution: Salary reduction contribution up to $12,000, $14,500 if age 50 or over. File 1040x online free   Employer contribution:  Either dollar-for-dollar matching contributions, up to 3% of employee's compensation,3 or fixed nonelective contributions of 2% of compensation. File 1040x online free 2 Same as maximum contribution. File 1040x online free Any time between 1/1 and 10/1 of the calendar year. File 1040x online free   For a new employer coming into existence after 10/1, as soon as administratively feasible. File 1040x online free Qualified Plan: Defined Contribution Plan  Elective deferral: Due date of employer's return (including extensions). File 1040x online free 4   Employer contribution: Money Purchase or Profit-Sharing: Due date of employer's return (including extensions). File 1040x online free  Employee contribution: Elective deferral up to $17,500, $23,000 if age 50 or over. File 1040x online free   Employer contribution: Money Purchase: Smaller of $51,000 or 100%1 of participant's compensation. File 1040x online free 2  Profit-Sharing: Smaller of $51,000 or 100%1 of participant's compensation. File 1040x online free 2  25%1 of all participants' compensation2, plus amount of elective deferrals made. File 1040x online free   By the end of the tax year. File 1040x online free Qualified Plan: Defined Benefit Plan Contributions generally must be paid in quarterly installments, due 15 days after the end of each quarter. File 1040x online free See Minimum Funding Requirement in chapter 4. File 1040x online free Amount needed to provide an annual benefit no larger than the smaller of $205,000 or 100% of the participant's average compensation for his or her highest 3 consecutive calendar years. File 1040x online free Based on actuarial assumptions and computations. File 1040x online free By the end of the tax year. File 1040x online free 1Net earnings from self-employment must take the contribution into account. File 1040x online free See Deduction Limit for Self-Employed Individuals in chapters 2 and 4 . File 1040x online free  2Compensation is generally limited to $255,000 in 2013. File 1040x online free  3Under a SIMPLE 401(k) plan, compensation is generally limited to $255,000 in 2013. File 1040x online free  4Certain plans subject to Department of Labor rules may have an earlier due date for salary reduction contributions and elective deferrals. File 1040x online free What this publication does not cover. File 1040x online free   Although the purpose of this publication is to provide general information about retirement plans you can set up for your employees, it does not contain all the rules and exceptions that apply to these plans. File 1040x online free You may also need professional help and guidance. File 1040x online free   Also, this publication does not cover all the rules that may be of interest to employees. File 1040x online free For example, it does not cover the following topics. File 1040x online free The comprehensive IRA rules an employee needs to know. File 1040x online free These rules are covered in Publication 590, Individual Retirement Arrangements (IRAs). File 1040x online free The comprehensive rules that apply to distributions from retirement plans. File 1040x online free These rules are covered in Publication 575, Pension and Annuity Income. File 1040x online free The comprehensive rules that apply to section 403(b) plans. File 1040x online free These rules are covered in Publication 571, Tax-Sheltered Annuity Plans (403(b) Plans). File 1040x online free Comments and suggestions. File 1040x online free   We welcome your comments about this publication and your suggestions for future editions. File 1040x online free   You can write to us at the following address: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. File 1040x online free NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. File 1040x online free Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. File 1040x online free   You can send your comments from www. File 1040x online free irs. File 1040x online free gov/formspubs. File 1040x online free Click on “More Information” and then on “Give us feedback. File 1040x online free ”   Although we cannot respond individually to each comment received, we do appreciate your feedback and will consider your comments as we revise our tax products. File 1040x online free Ordering forms and publications. File 1040x online free   Visit www. File 1040x online free irs. File 1040x online free gov/formspubs to download forms  and publications, call 1-800-TAX-FORM  (1-800-829-3676), or write to the address below and receive a response within 10 days after your request is received. File 1040x online free Internal Revenue Service 1201 N. File 1040x online free Mitsubishi Motorway Bloomington, IL 61705-6613 Tax questions. File 1040x online free   If you have a tax question, check the information available on IRS. File 1040x online free gov or call 1-800-829-1040. File 1040x online free We cannot answer tax questions sent to either of the above addresses. File 1040x online free Note. File 1040x online free Forms filed electronically with the Department of Labor are not available on the IRS website. File 1040x online free Instead, see www. File 1040x online free efast. File 1040x online free dol. File 1040x online free gov. File 1040x online free Prev  Up  Next   Home   More Online Publications