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File taxes online 4. File taxes online   Detailed Examples Table of Contents These examples use actual forms to help you prepare your income tax return. File taxes online However, the information shown on the filled-in forms is not from any actual person or scenario. File taxes online Example 1—Mortgage loan modification. File taxes online    In 2007, Nancy Oak bought a main home for $435,000. File taxes online Nancy took out a $420,000 mortgage loan to buy the home and made a down payment of $15,000. File taxes online The loan was secured by the home. File taxes online The mortgage loan was a recourse debt, meaning that Nancy was personally liable for the debt. File taxes online In 2008, Nancy took out a second mortgage loan (also a recourse debt) in the amount of $30,000 that was used to substantially improve her kitchen. File taxes online    In 2011, when the outstanding principal of the first and second mortgage loans was $440,000, Nancy refinanced the two recourse loans into one recourse loan in the amount of $475,000. File taxes online The FMV of Nancy's home at the time of the refinancing was $500,000. File taxes online Nancy used the additional $35,000 debt ($475,000 new mortgage loan minus $440,000 outstanding principal of Nancy's first and second mortgage loans immediately before the refinancing) to pay off personal credit cards and to pay college tuition for her son. File taxes online After the refinancing, Nancy has qualified principal residence indebtedness in the amount of $440,000 because the refinanced debt is qualified principal residence indebtedness only to the extent the amount of debt is not more than the old mortgage principal just before the refinancing. File taxes online   In 2013, Nancy was unable to make her mortgage loan payments. File taxes online On August 31, 2013, when the outstanding balance of her refinanced mortgage loan was still $475,000 and the FMV of the property was $425,000, Nancy's bank agreed to a loan modification (a “workout”) that resulted in a $40,000 reduction in the principal balance of her loan. File taxes online Nancy was neither insolvent nor in bankruptcy at the time of the loan modification. File taxes online   Nancy received a 2013 Form 1099-C from her bank in January 2014 showing canceled debt of $40,000 in box 2. File taxes online Identifiable event code "F" appears in box 6. File taxes online This box shows the reason the creditor has filed Form 1099-C. File taxes online To determine if she must include the canceled debt in her income, Nancy must determine whether she meets any of the exceptions or exclusions that apply to canceled debts. File taxes online Nancy determines that the only exception or exclusion that applies to her is the qualified principal residence indebtedness exclusion. File taxes online   Next, Nancy determines the amount, if any, of the $40,000 of canceled debt that was qualified principal residence indebtedness. File taxes online Although Nancy has $440,000 of qualified principal residence indebtedness, part of her loan ($35,000) was not qualified principal residence indebtedness because it was used to pay off personal credit cards and college tuition for her son. File taxes online Applying the ordering rule, the qualified principal residence indebtedness exclusion applies only to the extent the amount canceled is more than the amount of the debt (immediately before the cancellation) that is not qualified principal residence indebtedness. File taxes online Thus, Nancy can exclude only $5,000 of the canceled debt as qualified principal residence indebtedness ($40,000 amount canceled minus $35,000 nonqualified debt). File taxes online   Because Nancy does not meet any other exception or exclusion, she checks only the box on line 1e of Form 982 and enters $5,000 on line 2. File taxes online Nancy must also enter $5,000 on line 10b and reduce the basis of her main home by the $5,000 she excluded from income, bringing the adjusted basis in her home to $460,000 ($435,000 purchase price plus $30,000 substantial improvement minus $5,000). File taxes online Nancy must also include the $35,000 nonqualified debt portion in income on Form 1040, line 21. File taxes online You can see Nancy's Form 1099-C and a portion of her Form 1040 below. File taxes online Nancy's 2013 Form 1099-C, Cancellation of Debt This image is too large to be displayed in the current screen. File taxes online Please click the link to view the image. File taxes online Form 1099-C, Cancellation of Debt Nancy's 2013 Form 1040 This image is too large to be displayed in the current screen. File taxes online Please click the link to view the image. File taxes online Form 1040, U. File taxes online S. File taxes online Individual Income Tax Nancy's Form 982 This image is too large to be displayed in the current screen. File taxes online Please click the link to view the image. File taxes online Form 982 Reduction of Tax Attributes Due to Discharge of Indebtedness (and Section 1082 Basis Adjustment)              Example 2—Mortgage loan foreclosure. File taxes online    In 2005, John and Mary Elm bought a main home for $335,000. File taxes online John and Mary took out a $320,000 mortgage loan to buy the home and made a down payment of $15,000. File taxes online The loan was secured by the home and is a recourse debt, meaning John and Mary are personally liable for the debt. File taxes online   John and Mary became unable to make their mortgage loan payments and on March 1, 2013, when the outstanding balance of the mortgage loan was $315,000 and the FMV of the property was $290,000, the bank foreclosed on the property and simultaneously canceled the remaining mortgage debt. File taxes online Immediately before the foreclosure, John and Mary's only other assets and liabilities were a checking account with a balance of $6,000, retirement savings of $13,000, and credit card debt of $5,500. File taxes online   John and Mary received a 2013 Form 1099-C showing canceled debt of $25,000 in box 2 ($315,000 outstanding balance minus $290,000 FMV) and an FMV of $290,000 in box 7. File taxes online Identifiable event code "D" appears in box 6. File taxes online This box shows the reason the creditor has filed Form 1099-C. File taxes online In order to determine if John and Mary must include the canceled debt in income, they must first determine whether they meet any of the exceptions or exclusions that apply to canceled debts. File taxes online In this example, John and Mary meet both the insolvency and qualified principal residence indebtedness exclusions. File taxes online Their sample Form 1099-C is shown on this page. File taxes online   John and Mary complete the insolvency worksheet and determine that they were insolvent immediately before the cancellation because at that time their liabilities exceeded the FMV of their assets by $11,500 ($320,500 total liabilities minus $309,000 FMV of total assets). File taxes online However, because the entire debt canceled is qualified principal residence indebtedness, the insolvency exclusion only applies if John and Mary elect to apply the insolvency exclusion instead of the qualified principal residence exclusion. File taxes online   John and Mary do not elect to apply the insolvency exclusion instead of the qualified principal residence exclusion because under the insolvency exclusion their exclusion would be limited to the amount by which they were insolvent ($11,500). File taxes online Instead, John and Mary check box 1e of Form 982 to exclude the canceled debt under the qualified principal residence exclusion. File taxes online Under the qualified principal residence exclusion, the amount that John and Mary can exclude is not limited because their qualified principal residence indebtedness is not more than $2 million and no portion of the loan was nonqualified debt. File taxes online As a result, John and Mary enter the full $25,000 of canceled debt on line 2 of Form 982. File taxes online Because John and Mary no longer own the home due to the foreclosure, John and Mary have no remaining basis in the home at the time of the debt cancellation. File taxes online Thus, John and Mary leave line 10b of Form 982 blank. File taxes online   John and Mary must also determine whether they have a gain or loss from the foreclosure. File taxes online John and Mary complete Table 1-1 (shown below) and find that they have a $45,000 loss from the foreclosure. File taxes online Because this loss relates to their home, it is a nondeductible loss. File taxes online   John and Mary's Form 1099-C, Insolvency Worksheet, and Form 982 follow. File taxes online John and Mary's 2013 Form 1099-C, Cancellation of Debt This image is too large to be displayed in the current screen. File taxes online Please click the link to view the image. File taxes online Form 1099-C, Cancellation of Debt Table 1-1. File taxes online Worksheet for Foreclosures and Repossessions (for John and Mary Elm) Part 1. File taxes online Complete Part 1 only if you were personally liable for the debt (even if none of the debt was canceled). File taxes online Otherwise, go to Part 2. File taxes online 1. File taxes online Enter the amount of outstanding debt immediately before the transfer of property reduced by any amount for which you remain personally liable immediately after the transfer of property $315,000. File taxes online 00 2. File taxes online Enter the fair market value of the transferred property $290,000. File taxes online 00 3. File taxes online Ordinary income from the cancellation of debt upon foreclosure or repossession. File taxes online * Subtract line 2 from line 1. File taxes online If less than zero, enter zero. File taxes online Next, go to Part 2 $ 25,000. File taxes online 00 Part 2. File taxes online Gain or loss from foreclosure or repossession. File taxes online   4. File taxes online Enter the smaller of line 1 or line 2. File taxes online If you did not complete Part 1 (because you were not personally liable for the debt), enter the amount of outstanding debt immediately before the transfer of property $290,000. File taxes online 00 5. File taxes online Enter any proceeds you received from the foreclosure sale   6. File taxes online Add line 4 and line 5 $290,000. File taxes online 00 7. File taxes online Enter the adjusted basis of the transferred property $335,000. File taxes online 00 8. File taxes online Gain or loss from foreclosure or repossession. File taxes online Subtract line 7 from line 6 ($ 45,000. File taxes online 00) * The income may not be taxable. File taxes online See chapter 1 for more details. File taxes online Insolvency Worksheet—John and Mary Elm Date debt was canceled (mm/dd/yy) 03/01/13 Part I. File taxes online Total liabilities immediately before the cancellation (do not include the same liability in more than one category) Liabilities (debts) Amount Owed Immediately Before the Cancellation 1. File taxes online Credit card debt $ 5,500 2. File taxes online Mortgage(s) on real property (including first and second mortgages and home equity loans) (mortgage(s) can be on personal residence, any additional residence, or property held for investment or used in a trade or business) $ 315,000 3. File taxes online Car and other vehicle loans $ 4. File taxes online Medical bills owed $ 5. File taxes online Student loans $ 6. File taxes online Accrued or past-due mortgage interest $ 7. File taxes online Accrued or past-due real estate taxes $ 8. File taxes online Accrued or past-due utilities (water, gas, electric) $ 9. File taxes online Accrued or past-due child care costs $ 10. File taxes online Federal or state income taxes remaining due (for prior tax years) $ 11. File taxes online Judgments $ 12. File taxes online Business debts (including those owed as a sole proprietor or partner) $ 13. File taxes online Margin debt on stocks and other debt to purchase or secured by investment assets other than real property $ 14. File taxes online Other liabilities (debts) not included above $ 15. File taxes online Total liabilities immediately before the cancellation. File taxes online Add lines 1 through 14. File taxes online $ 320,500 Part II. File taxes online Fair market value (FMV) of assets owned immediately before the cancellation (do not include the FMV of the same asset in more than one category) Assets FMV Immediately Before  the Cancellation 16. File taxes online Cash and bank account balances $ 6,000 17. File taxes online Real property, including the value of land (can be main home, any additional home, or property held for investment or used in a trade or business) $ 290,000 18. File taxes online Cars and other vehicles $ 19. File taxes online Computers $ 20. File taxes online Household goods and furnishings (for example, appliances, electronics, furniture, etc. File taxes online ) $ 21. File taxes online Tools $ 22. File taxes online Jewelry $ 23. File taxes online Clothing $ 24. File taxes online Books $ 25. File taxes online Stocks and bonds $ 26. File taxes online Investments in coins, stamps, paintings, or other collectibles $ 27. File taxes online Firearms, sports, photographic, and other hobby equipment $ 28. File taxes online Interest in retirement accounts (IRA accounts, 401(k) accounts, and other retirement accounts) $ 13,000 29. File taxes online Interest in a pension plan $ 30. File taxes online Interest in education accounts $ 31. File taxes online Cash value of life insurance $ 32. File taxes online Security deposits with landlords, utilities, and others $ 33. File taxes online Interests in partnerships $ 34. File taxes online Value of investment in a business $ 35. File taxes online Other investments (for example, annuity contracts, guaranteed investment contracts, mutual funds, commodity accounts, interests in hedge funds, and options) $ 36. File taxes online Other assets not included above $ 37. File taxes online FMV of total assets immediately before the cancellation. File taxes online Add lines 16 through 36. File taxes online $ 309,000 Part III. File taxes online Insolvency 38. File taxes online Amount of Insolvency. File taxes online Subtract line 37 from line 15. File taxes online If zero or less, you are not insolvent. File taxes online $ 11,500 John and Mary's Form 982 This image is too large to be displayed in the current screen. File taxes online Please click the link to view the image. File taxes online Form 982, Reduction of Tax Attributes Due to Discharge of Indebtedness (and Section 1082 Basis Adjustment)          Example 3—Mortgage loan foreclosure with debt exceeding $2 million limit. File taxes online    In 2011, Kathy and Frank Willow got married and entered into a contract with Hive Construction Corporation to build a house for $3,000,000 to be used as their main home. File taxes online Kathy and Frank made a $400,000 down payment and took out a $2,600,000 mortgage to finance the remaining cost of the house. File taxes online Kathy and Frank are personally liable for the mortgage loan, which is secured by the home. File taxes online   In November 2013, when the outstanding principal balance on the mortgage loan was $2,500,000, the FMV of the property fell to $1,750,000 and Kathy and Frank abandoned the property by permanently moving out. File taxes online The lender foreclosed on the property and, on December 5, 2013, sold the property to another buyer for $1,750,000. File taxes online On December 26, 2013, the lender canceled the remaining debt. File taxes online Kathy and Frank have no tax attributes other than basis of personal-use property. File taxes online   The lender issued a 2013 Form 1099-C to Kathy and Frank showing canceled debt of $750,000 in box 2 (the remaining balance on the $2,500,000 mortgage debt after application of the foreclosure sale proceeds) and $1,750,000 in box 7 (FMV of the property). File taxes online Identifiable event code "D" appears in box 6. File taxes online This box shows the reason the creditor has filed Form 1099-C. File taxes online Although Kathy and Frank abandoned the property, the lender did not need to also file a Form 1099-A because the lender canceled the debt in connection with the foreclosure in the same calendar year. File taxes online Kathy and Frank are filing a joint return for 2013. File taxes online   Because the foreclosure occurred prior to the debt cancellation, Kathy and Frank first calculate their gain or loss from the foreclosure using Table 1-1. File taxes online Because Kathy and Frank remained personally liable for the $750,000 debt remaining after the foreclosure ($2,500,000 outstanding debt immediately before the foreclosure minus $1,750,000 satisfied through the sale of the home), Kathy and Frank enter $1,750,000 on line 1 of Table 1-1 ($2,500,000 outstanding debt immediately before the foreclosure minus the $750,000 for which they remained liable). File taxes online Completing Table 1-1, Kathy and Frank find that they have no ordinary income from the cancellation of debt upon foreclosure and that they have a $1,250,000 loss. File taxes online Because this loss relates to their home, it is a nondeductible loss. File taxes online   Because the lender later canceled the remaining amount of the debt, Kathy and Frank must also determine whether that canceled debt is taxable. File taxes online Immediately before the cancellation, Kathy and Frank had $15,000 in a savings account, household furnishings with an FMV of $17,000, a car with an FMV of $10,000, and $18,000 in credit card debt. File taxes online Kathy and Frank also had the $750,000 remaining balance on the mortgage loan at that time. File taxes online The household furnishings originally cost $30,000. File taxes online The car had been fully paid off (so there was no related outstanding debt) and was originally purchased for $16,000. File taxes online Kathy and Frank had no adjustments to the cost basis of the car. File taxes online Kathy and Frank had no other assets or liabilities at the time of the cancellation. File taxes online Kathy and Frank complete the insolvency worksheet to calculate that they were insolvent to the extent of $726,000 immediately before the cancellation ($768,000 of total liabilities minus $42,000 FMV of total assets). File taxes online   At the beginning of 2014, Kathy and Frank had $9,000 in their savings account and $15,000 in credit card debt. File taxes online Kathy and Frank also owned the same car at that time (still with an FMV of $10,000 and basis of $16,000) and the same household furnishings (still with an FMV of $17,000 and a basis of $30,000). File taxes online Kathy and Frank had no other assets or liabilities at that time. File taxes online Kathy and Frank no longer own the home because the lender foreclosed on it in 2013. File taxes online   Because the canceled debt is qualified principal residence indebtedness, the insolvency exclusion does not apply unless Kathy and Frank elect to apply the insolvency exclusion instead of the qualified principal residence indebtedness exclusion. File taxes online The maximum amount that Kathy and Frank can treat as qualified principal residence indebtedness is $2,000,000. File taxes online The remaining $500,000 ($2,500,000 outstanding mortgage loan minus $2,000,000 limit on qualified principal residence indebtedness) is not qualified principal residence indebtedness. File taxes online Because only a part of the loan is qualified principal residence indebtedness, Kathy and Frank must apply the ordering rule to the canceled debt. File taxes online Under the ordering rule, the qualified principal residence indebtedness exclusion applies only to the extent that the amount canceled ($750,000) exceeds the amount of the loan (immediately before the cancellation) that is not qualified principal residence indebtedness ($500,000). File taxes online This means that Kathy and Frank can only exclude $250,000 ($750,000 amount canceled minus $500,000 nonqualified debt) under the qualified principal residence indebtedness exclusion. File taxes online   Kathy and Frank do not elect to have the insolvency exclusion apply instead of the qualified principal residence exclusion. File taxes online Nonetheless, they can still apply the insolvency exclusion to the $500,000 nonqualified debt because it is not qualified principal residence indebtedness. File taxes online Kathy and Frank can exclude the remaining $500,000 canceled debt under the insolvency exclusion because they were insolvent immediately before the cancellation to the extent of $726,000. File taxes online Thus, Kathy and Frank check the boxes on lines 1b and 1e of Form 982 and enter $750,000 on line 2 ($250,000 excluded under the qualified principal residence indebtedness exclusion plus $500,000 excluded under the insolvency exclusion). File taxes online   Next, Kathy and Frank reduce their tax attributes using Part II of Form 982. File taxes online Because Kathy and Frank no longer own the home due to the foreclosure, Kathy and Frank have no remaining basis in the home at the time of the debt cancellation. File taxes online Thus, Kathy and Frank leave line 10b of Form 982 blank. File taxes online However, Kathy and Frank are also excluding nonqualified debt under the insolvency exclusion. File taxes online As a result, Kathy and Frank must reduce the basis of property they own based on the amount of canceled debt they are excluding from income under the insolvency rules. File taxes online Because Kathy and Frank have no tax attributes other than basis of personal-use property to reduce, Kathy and Frank figure the amount they must include on line 10a of Form 982 by taking the smallest of: The $46,000 bases of their personal-use property held at the beginning of 2014 ($16,000 basis in the car plus $30,000 basis in household furnishings), The $500,000 of the nonbusiness debt (other than qualified principal residence indebtedness) that they are excluding from income on line 2 of Form 982, or The $43,000 excess of the total bases of the property and the amount of money they held immediately after the cancellation over their total liabilities immediately after the cancellation ($15,000 in savings account plus $30,000 basis in household furnishings plus $16,000 adjusted basis in car minus $18,000 credit card debt). File taxes online Kathy and Frank enter $43,000 on Form 982, line 10a and reduce their bases in the car and the household furnishings in proportion to the total adjusted bases in all their property. File taxes online Kathy and Frank reduce the basis in the car by $14,956. File taxes online 52 ($43,000 x $16,000/$46,000). File taxes online And they reduce the basis in the household furnishings by $28,043. File taxes online 48 ($43,000 x $30,000/$46,000). File taxes online   Following are Kathy and Frank's sample forms and worksheets. File taxes online Frank and Kathy's 2013 Form 1099-C, Cancellation of Debt This image is too large to be displayed in the current screen. File taxes online Please click the link to view the image. File taxes online Form 1099-C, Cancellation of Debt Table 1-1. File taxes online Worksheet for Foreclosures and Repossessions (for Frank and Kathy Willow) Part 1. File taxes online Complete Part 1 only if you were personally liable for the debt (even if none of the debt was canceled). File taxes online Otherwise, go to Part 2. File taxes online 1. File taxes online Enter the amount of outstanding debt immediately before the transfer of property reduced by any amount for which you remain personally liable immediately after the transfer of property $1,750,000. File taxes online 00 2. File taxes online Enter the fair market value of the transferred property $1,750,000. File taxes online 00 3. File taxes online Ordinary income from the cancellation of debt upon foreclosure or repossession. File taxes online * Subtract line 2 from line 1. File taxes online If less than zero, enter zero. File taxes online Next, go to Part 2 $0. File taxes online 00 Part 2. File taxes online Gain or loss from foreclosure or repossession. File taxes online   4. File taxes online Enter the smaller of line 1 or line 2. File taxes online If you did not complete Part 1 (because you were not personally liable for the debt), enter the amount of outstanding debt immediately before the transfer of property. File taxes online $1,750,000. File taxes online 00 5. File taxes online Enter any proceeds you received from the foreclosure sale   6. File taxes online Add line 4 and line 5 $1,750,000. File taxes online 00 7. File taxes online Enter the adjusted basis of the transferred property $3,000,000. File taxes online 00 8. File taxes online Gain or loss from foreclosure or repossession. File taxes online Subtract line 7 from line 6 ($1,250,000. File taxes online 00) * The income may not be taxable. File taxes online See chapter 1 for more details. File taxes online    Insolvency Worksheet—Frank and Kathy Willow Date debt was canceled (mm/dd/yy) 12/26/13 Part I. File taxes online Total liabilities immediately before the cancellation (do not include the same liability in more than one category) Liabilities (debts) Amount Owed Immediately Before the Cancellation 1. File taxes online Credit card debt $ 18,000 2. File taxes online Mortgage(s) on real property (including first and second mortgages and home equity loans) (mortgage(s) can be on personal residence, any additional residence, or property held for investment or used in a trade or business) $ 750,000 3. File taxes online Car and other vehicle loans $ 4. File taxes online Medical bills owed $ 5. File taxes online Student loans $ 6. File taxes online Accrued or past-due mortgage interest $ 7. File taxes online Accrued or past-due real estate taxes $ 8. File taxes online Accrued or past-due utilities (water, gas, electric) $ 9. File taxes online Accrued or past-due child care costs $ 10. File taxes online Federal or state income taxes remaining due (for prior tax years) $ 11. File taxes online Judgments $ 12. File taxes online Business debts (including those owed as a sole proprietor or partner) $ 13. File taxes online Margin debt on stocks and other debt to purchase or secured by investment assets other than real property $ 14. File taxes online Other liabilities (debts) not included above $ 15. File taxes online Total liabilities immediately before the cancellation. File taxes online Add lines 1 through 14. File taxes online $ 768,000 Part II. File taxes online Fair market value (FMV) of assets owned immediately before the cancellation (do not include the FMV of the same asset in more than one category) Assets FMV Immediately Before  the Cancellation 16. File taxes online Cash and bank account balances $ 15,000 17. File taxes online Real property, including the value of land (can be main home, any additional home, or property held for investment or used in a trade or business) $ 18. File taxes online Cars and other vehicles $ 10,000 19. File taxes online Computers $ 20. File taxes online Household goods and furnishings (for example, appliances, electronics, furniture, etc. File taxes online ) $ 17,000 21. File taxes online Tools $ 22. File taxes online Jewelry $ 23. File taxes online Clothing $ 24. File taxes online Books $ 25. File taxes online Stocks and bonds $ 26. File taxes online Investments in coins, stamps, paintings, or other collectibles $ 27. File taxes online Firearms, sports, photographic, and other hobby equipment $ 28. File taxes online Interest in retirement accounts (IRA accounts, 401(k) accounts, and other retirement accounts) $ 29. File taxes online Interest in a pension plan $ 30. File taxes online Interest in education accounts $ 31. File taxes online Cash value of life insurance $ 32. File taxes online Security deposits with landlords, utilities, and others $ 33. File taxes online Interests in partnerships $ 34. File taxes online Value of investment in a business $ 35. File taxes online Other investments (for example, annuity contracts, guaranteed investment contracts, mutual funds, commodity accounts, interests in hedge funds, and options) $ 36. File taxes online Other assets not included above $ 37. File taxes online FMV of total assets immediately before the cancellation. File taxes online Add lines 16 through 36. File taxes online $ 42,000 Part III. File taxes online Insolvency 38. File taxes online Amount of Insolvency. File taxes online Subtract line 37 from line 15. File taxes online If zero or less, you are not insolvent. File taxes online $ 726,000    Frank and Kathy's Form 982 This image is too large to be displayed in the current screen. File taxes online Please click the link to view the image. File taxes online Form 982, Reduction of Tax Attributes Due to Discharge of Indebtedness (and Section 1082 Basis Adjustment) Prev  Up  Next   Home   More Online Publications
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File taxes online Publication 584SP - Additional Material Table of Contents This image is too large to be displayed in the current screen. File taxes online Please click the link to view the image. File taxes online Pasillo de Entrada (Entrance Hall) This image is too large to be displayed in the current screen. File taxes online Please click the link to view the image. File taxes online Sala de Estar (Living Room) This image is too large to be displayed in the current screen. File taxes online Please click the link to view the image. File taxes online Comedor (Dining Room) This image is too large to be displayed in the current screen. File taxes online Please click the link to view the image. File taxes online Cocina (Kitchen) This image is too large to be displayed in the current screen. File taxes online Please click the link to view the image. File taxes online Cuarto de Trabajo (Den) This image is too large to be displayed in the current screen. File taxes online Please click the link to view the image. File taxes online Dormitorios (Bedrooms) This image is too large to be displayed in the current screen. File taxes online Please click the link to view the image. File taxes online Baños (Bathrooms) This image is too large to be displayed in the current screen. File taxes online Please click the link to view the image. File taxes online Cuarto de Recreación/Juegos (Recreation Room) This image is too large to be displayed in the current screen. File taxes online Please click the link to view the image. File taxes online Lavadero y Sótano (Laundry and Basement) This image is too large to be displayed in the current screen. File taxes online Please click the link to view the image. File taxes online Garaje (Garage) This image is too large to be displayed in the current screen. File taxes online Please click the link to view the image. File taxes online Equipo Deportivo (Sporting Equipment) This image is too large to be displayed in the current screen. File taxes online Please click the link to view the image. File taxes online Ropa de Hombres (Men's Clothing) This image is too large to be displayed in the current screen. File taxes online Please click the link to view the image. File taxes online Ropa de Mujeres (Women's Clothing) This image is too large to be displayed in the current screen. File taxes online Please click the link to view the image. File taxes online Ropa de Niños (Children's Clothing) This image is too large to be displayed in the current screen. File taxes online Please click the link to view the image. File taxes online Joyería (Jewelry) This image is too large to be displayed in the current screen. File taxes online Please click the link to view the image. File taxes online Enseres Eléctricos (Electrical Appliances) This image is too large to be displayed in the current screen. File taxes online Please click the link to view the image. File taxes online Artículos de Hilo (Linens) This image is too large to be displayed in the current screen. File taxes online Please click the link to view the image. File taxes online Artículos Misceláneos (Miscellaneous) This image is too large to be displayed in the current screen. File taxes online Please click the link to view the image. File taxes online vehículos motorizados This image is too large to be displayed in the current screen. File taxes online Please click the link to view the image. File taxes online Hogar (Excluyendo su contenido) Hoja de Trabajo A. File taxes online Costo u Otra Base (Ajustada) Precaución:Vea Instrucciones de la Hoja de Trabajo A antes de usar esta hoja de trabajo. File taxes online         (a) Parte Personal (b) Parte Comercial/de Alquiler 1. File taxes online   Anote el precio de compra de la vivienda dañada o destruida. File taxes online (Si usted presentó el Formulario 2119 cuando en un principio adquirió dicha vivienda para aplazar ganancias provenientes de la venta de una vivienda anterior antes del 7 de mayo de 1997, anote la base ajustada de la vivienda nueva, usando la cantidad que aparece en dicho Formulario 2119). File taxes online 1. File taxes online     2. File taxes online   Puntos pagados por el vendedor para una vivienda comprada después de 1990. File taxes online No incluya puntos pagados por el vendedor que ya restó para llegar a la cantidad anotada en la línea 1 2. File taxes online     3. File taxes online   Reste la línea 2 de la línea 1 3. File taxes online     4. File taxes online   Cargos por liquidación o costos de cierre. File taxes online (Vea Settlement Costs (Costos de Liquidación) en la Publicación 551, en inglés). File taxes online Si la línea 1 incluye la base ajustada de la vivienda nueva del Formulario 2119, ignore las líneas 4a a la 4g y 5; para entonces pasar a la línea 6. File taxes online         a. File taxes online Honorarios por estudios de escritura 4a. File taxes online       b. File taxes online Honorarios legales (incluyendo honorarios por trámites relacionados con la escritura y la preparación de documentos) 4b. File taxes online       c. File taxes online Estudios topográficos 4c. File taxes online       d. File taxes online Seguro de escritura de propietario 4d. File taxes online       e. File taxes online Impuestos de traspaso o de sello 4e. File taxes online       f. File taxes online Cantidades que el vendedor adeudaba y que usted acordó pagar (impuestos atrasados o intereses, costos de registro o cargos hipotecarios y comisiones sobre las ventas) 4f. File taxes online       g. File taxes online Otros gastos 4g. File taxes online     5. File taxes online   Sume las líneas 4a a la 4g 5. File taxes online     6. File taxes online   Costo de ampliaciones y mejoras. File taxes online (Vea Increases to Basis (Aumentos en la Base) en la Publicación 551, en inglés). File taxes online No incluya ninguna de las ampliaciones o mejoras incluidas en la línea 1 6. File taxes online     7. File taxes online   Tasaciones tributarias especiales pagadas por concepto de mejoras locales, tales como calles y aceras o banquetas 7. File taxes online     8. File taxes online   Otros aumentos en la base 8. File taxes online     9. File taxes online   Sume las líneas 3, 5, 6, 7 y 8 9. File taxes online     10. File taxes online   Depreciación (permitida o permisible) relacionada con el uso comercial o alquiler de la vivienda 10. File taxes online 0   11. File taxes online   Otras disminuciones en la base (Vea Decreases to Basis (Disminuciones en la Base) en la Publicación 551, en inglés). File taxes online 11. File taxes online     12. File taxes online   Sume las líneas 10 y 11 12. File taxes online     13. File taxes online   Costo u otra base (ajustada) de la vivienda dañada o destruida. File taxes online Reste la línea 12 de la línea 9. File taxes online Anote dicha cantidad aquí y en la línea 2 del Anexo 20 13. File taxes online     Instrucciones para la Hoja de Trabajo A. File taxes online Si usted usa la Hoja de Trabajo A para calcular el costo u otra base (ajustada) de su vivienda, siga estas instrucciones. File taxes online NO utilice esta hoja de trabajo para determinar el costo de su base si adquirió interés de su vivienda por un difunto que falleció en 2010 y el albacea de su caudal hereditario presentó el Formulario 8939. File taxes online SI. File taxes online . File taxes online . File taxes online   ENTONCES. File taxes online . File taxes online . File taxes online usted heredó su vivienda de un difunto que falleció antes o depués del 2010, o de un difunto que falleció en el 2010 pero la albacea de su caudal hereditario no presentó el Formulario 8939. File taxes online 1 omita las líneas 1 a la 4 de la hoja de trabajo. File taxes online 2 encuentre su base utilizando las reglas bajo Inherited Property (Bienes Heredados) en la Publicación 551, en inglés. File taxes online Anote esta cantidad en la línea 5 de la hoja de trabajo. File taxes online 3 llene las líneas 6 a la 13 de la hoja de trabajo. File taxes online usted recibió su vivienda como un regalo (donación) 1 lea Property Received as Gift (Bienes Recibidos como Regalo (Donación)) en la Publicación 551, en inglés, y anote en las líneas 1 y 3 de la hoja de trabajo la base ajustada del donante o el valor justo de mercado de la vivienda en el momento del regalo (donación), lo que proceda. File taxes online 2 si usted puede sumar algún impuesto federal sobre donaciones a su base, anote esa cantidad en la línea 5 de la hoja de trabajo. File taxes online 3 llene el resto de la hoja de trabajo. File taxes online usted recibió su vivienda como un canje por otra propiedad 1 anote en la línea 1 de la hoja de trabajo el valor justo de mercado de la otra propiedad al tiempo del canje. File taxes online (Pero si usted recibió su vivienda como un canje por su vivienda anterior antes del 7 de mayo de 1997, y tuvo una ganancia en que el canje se aplazó utilizando el Formulario 2119, anote en la línea 1 de la hoja de trabajo la base ajustada de la vivienda nueva que aparece en dicho formulario). File taxes online 2 llene el resto de la hoja de trabajo. File taxes online usted construyó su vivienda 1 sume el precio de compra del terreno y el costo de la construcción de la vivienda. File taxes online Anote ese total en la línea 1 de la hoja de trabajo. File taxes online (Sin embargo, si usted presentó un Formulario 2119 para aplazar ganancias en la venta de una vivienda anterior antes del 7 de mayo de 1997, anote en la línea 1 de la hoja de trabajo la base ajustada de la vivienda nueva que aparece en dicho formulario). File taxes online 2 llene el resto de la hoja de trabajo. File taxes online usted recibió su vivienda de su cónyuge después del 18 de julio de 1984 1 ignore las líneas 1 a la 4 de la hoja de trabajo. File taxes online 2 anote en la línea 5 de la hoja de trabajo el costo u otra base (ajustada) de su cónyuge en la vivienda justo antes de que usted la haya recibido. File taxes online 3 llene las líneas 6 a la 13 de la hoja de trabajo, haciendo ajustes a la base solamente por acontecimientos después del traspaso. File taxes online usted fue dueño de una vivienda conjuntamente con su cónyuge, el cual le traspasó su participación en la misma después del 18 de julio de 1984     llene una hoja de trabajo, haciendo los ajustes a la base por acontecimientos tanto antes como después del traspaso. File taxes online   usted recibió su vivienda de su cónyuge antes del 19 de julio de 1984 1 ignore las líneas 1 a la 4 de la hoja de trabajo. File taxes online 2 anote en la línea 5 de la hoja de trabajo el valor justo de mercado de la vivienda cuando usted la recibió. File taxes online 3 llene las líneas 6 a la 13 de la hoja de trabajo, ajustando la base solamente por acontecimientos después del traspaso. File taxes online usted fue dueño de una vivienda conjuntamente con su cónyuge, el cual le traspasó su participación en la misma antes del 19 de julio de 1984 1 llene una hoja de trabajo, las líneas 1 a la 13, ajustando la base solamente por acontecimientos antes del traspaso. File taxes online 2 multiplique la cantidad de la línea 13 de esa hoja de trabajo por 0. File taxes online 5 para obtener la base ajustada de la mitad de su participación a la hora del traspaso. File taxes online 3 multiplique el valor justo de mercado de la vivienda a la hora del traspaso por 0. File taxes online 5. File taxes online Generalmente, el resultado corresponde a la base de la mitad de la participación de su cónyuge. File taxes online 4 sume las cantidades de los pasos 2 y 3 y anote el total en la línea 5 de una segunda hoja de trabajo. File taxes online 5 complete el resto de la segunda hoja de trabajo, ajustando la base solamente por acontecimientos después del traspaso. File taxes online usted fue dueño de su vivienda conjuntamente con alguien (aparte de cónyuges que presenten una declaración conjunta) 1 llene las líneas 1 a la 13 de la hoja de trabajo. File taxes online 2 multiplique la cantidad de la línea 13 para obtener la base ajustada suya por el porcentaje de su parte de su participación de la vivienda. File taxes online Instrucciones para la Hoja de Trabajo A. File taxes online (Continuación) SI. File taxes online . File taxes online . File taxes online   ENTONCES. File taxes online . File taxes online . File taxes online usted fue dueño de su vivienda conjuntamente con su cónyuge que falleció antes de 2010 y antes de un hecho fortuito 1 llene una hoja de trabajo, las líneas 1 a la 13, incluyendo ajustes a la base solamente por acontecimientos antes del fallecimiento de su cónyuge. File taxes online 2 multiplique la cantidad de la línea 13 de esa hoja de trabajo por 0. File taxes online 5 para obtener la base ajustada de la mitad de su participación a la fecha del fallecimiento. File taxes online 3 calcule la base de la mitad de la participación de su cónyuge. File taxes online Esto corresponde a la mitad del valor justo de mercado en la fecha del fallecimiento (o la valoración alternativa usada posteriormente para propósitos de los impuestos de sucesiones o caudales hereditarios). File taxes online (La base de su mitad seguirá siendo la mitad de la base ajustada determinada en el paso 2). File taxes online 4 sume las cantidades de los pasos 2 y 3 y anote el total en la línea 5 de una segunda hoja de trabajo. File taxes online 5 complete las líneas 6 a la 13 de la segunda hoja de trabajo, ajustando la base solamente por acontecimientos después del fallecimiento de su cónyuge. File taxes online usted fue dueño de su vivienda conjuntamente con su cónyuge que falleció antes de 2010 y antes de un hecho fortuito y, su vivienda permanente está en un estado donde rigen las leyes de la comunidad de bienes matrimoniales 1 ignore las líneas 1 a la 4 de la hoja de trabajo. File taxes online 2 anote la cantidad de su base en la línea 5 de la hoja de trabajo. File taxes online Generalmente, esto corresponde al valor justo de mercado de la vivienda al momento del fallecimiento. File taxes online (No obstante, vea Community Property (Comunidad de Bienes Matrimoniales) en la Publicación 551, en inglés, para reglas especiales). File taxes online 3 llene el resto de la hoja de trabajo, ajustando la base solamente por acontecimientos después del fallecimiento de su cónyuge. File taxes online usted fue dueño de su vivienda conjuntamente con alguien (que no sean cónyuges que presenten la declaración conjunta) que falleció antes de 2010 y antes de un hecho fortuito 1 llene las líneas 1 a la 13 de la hoja de trabajo, incluyendo ajustes a la base solamente por acontecimientos antes del fallecimiento del codueño. File taxes online 2 multiplique la cantidad de la línea 13 por el porcentaje de su parte de su participación de la vivienda para obtener la base ajustada suyo en la fecha del fallecimiento. File taxes online 3 multiplique el valor justo del mercado en la fecha del fallecimiento (o use la valuació alterna usada posteriormente para propositos de los impuestos de sucesiones o caudales hereditarios) por el porcentaje que corresponde a la participación del codueño. File taxes online Ésta es la base para el interés parcial del codueño. File taxes online 4 sume las cantidades de los pasos 2 y 3 y anote el total en la línea 5 de una segunda hoja de trabajo. File taxes online 5 complete las líneas 6 a la 13 de la segunda hoja de trabajo incluyendo ajustes a la base solamente por acontecimientos después del fallecimiento del codueño. File taxes online alguna vez su vivienda sufrió daños debido a un hecho fortuito anterior 1 en la línea 8 de la hoja de trabajo, anote toda cantidad que haya gastado para restaurar la vivienda a su estado original antes del hecho fortuito anterior. File taxes online 2 en la línea 11 anote: todo reembolso de seguros que usted haya recibido (o espera recibir) por la pérdida anterior  y toda pérdida por hecho fortuito deducible de años anteriores no cubierta por  su seguro. File taxes online la persona que le vendió su vivienda pagó puntos sobre su préstamo y usted compró su vivienda después de 1990 pero antes del 4 de abril de 1994   en la línea 2 anote los puntos pagados por el vendedor solamente si usted los dedujo como intereses hipotecarios de la vivienda en el año en que fueron pagados (a no ser que haya utilizado los puntos pagados por el vendedor para reducir la cantidad de la línea 1). File taxes online la persona que le vendió su vivienda pagó puntos sobre su préstamo y usted compró su vivienda después del 3 de abril de 1994   en la línea 2 anote los puntos pagados por el vendedor aun si usted no los dedujo (a no ser que haya utilizado los puntos pagados por el vendedor para reducir la cantidad de la línea 1). File taxes online usted usó parte de la propiedad como su vivienda y parte de ella para propósitos comerciales o para generar ingresos de alquiler   usted debe asignar las anotaciones en la Hoja de Trabajo A entre la parte personal (columna (a)) y la parte comercial/de alquiler (columna (b)). File taxes online no corresponde ninguno de los puntos anteriores   llene completamente la hoja de trabajo. File taxes online Prev  Up  Next   Home   More Online Publications