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Free tax filing h&r block 9. Free tax filing h&r block   Dispositions of Property Used in Farming Table of Contents Introduction Topics - This chapter discusses: Useful Items - You may want to see: Section 1231 Gains and LossesNonrecaptured section 1231 losses. Free tax filing h&r block Depreciation RecaptureSection 1245 Property Section 1250 Property Installment Sale Other Dispositions Other GainsExceptions. Free tax filing h&r block Amount to report as ordinary income. Free tax filing h&r block Applicable percentage. Free tax filing h&r block Amount to report as ordinary income. Free tax filing h&r block Applicable percentage. Free tax filing h&r block Introduction When you dispose of property used in your farm business, your taxable gain or loss is usually treated as ordinary income (which is taxed at the same rates as wages and interest income) or capital gain (which is generally taxed at lower rates) under the rules for section 1231 transactions. Free tax filing h&r block When you dispose of depreciable property (section 1245 property or section 1250 property) at a gain, you may have to recognize all or part of the gain as ordinary income under the depreciation recapture rules. Free tax filing h&r block Any gain remaining after applying the depreciation recapture rules is a section 1231 gain, which may be taxed as a capital gain. Free tax filing h&r block Gains and losses from property used in farming are reported on Form 4797, Sales of Business Property. Free tax filing h&r block Table 9-1 contains examples of items reported on Form 4797 and refers to the part of that form on which they first should be reported. Free tax filing h&r block Topics - This chapter discusses: Section 1231 gains and losses Depreciation recapture Other gains Useful Items - You may want to see: Publication 544 Sales and Other Dispositions of Assets Form (and Instructions) 4797 Sales of Business Property See chapter 16 for information about getting publications and forms. Free tax filing h&r block Section 1231 Gains and Losses Section 1231 gains and losses are the taxable gains and losses from section 1231 transactions (explained below). Free tax filing h&r block Their treatment as ordinary or capital gains depends on whether you have a net gain or a net loss from all of your section 1231 transactions in the tax year. Free tax filing h&r block Table 9-1. Free tax filing h&r block Where to First Report Certain Items on Form 4797 Type of property Held 1 year  or less Held more than  1 year 1 Depreciable trade or business property:       a Sold or exchanged at a gain Part II Part III (1245, 1250)   b Sold or exchanged at a loss Part II Part I 2 Farmland held less than 10 years for which soil, water, or land clearing expenses were deducted:       a Sold at a gain Part II Part III (1252)   b Sold at a loss Part II Part I 3 All other farmland Part II Part I 4 Disposition of cost-sharing payment property described in section 126 Part II Part III (1255) 5 Cattle and horses used in a trade or business for draft, breeding, dairy, or sporting purposes: Held less  than 24 mos. Free tax filing h&r block Held 24 mos. Free tax filing h&r block  or more   a Sold at a gain Part II Part III (1245)   b Sold at a loss Part II Part I   c Raised cattle and horses sold at a gain Part II Part I 6 Livestock other than cattle and horses used in a trade or business for draft, breeding, dairy, or sporting purposes: Held less  than 12 mos. Free tax filing h&r block Held 12 mos. Free tax filing h&r block   or more   a Sold at a gain Part II Part III (1245)   b Sold at a loss Part II Part I   c Raised livestock sold at a gain Part II Part I If you have a gain from a section 1231 transaction, first determine whether any of the gain is ordinary income under the depreciation recapture rules (explained later). Free tax filing h&r block Do not take that gain into account as section 1231 gain. Free tax filing h&r block Section 1231 transactions. Free tax filing h&r block   Gain or loss on the following transactions is subject to section 1231 treatment. Free tax filing h&r block Sale or exchange of cattle and horses. Free tax filing h&r block The cattle and horses must be held for draft, breeding, dairy, or sporting purposes and held for 24 months or longer. Free tax filing h&r block Sale or exchange of other livestock. Free tax filing h&r block This livestock must be held for draft, breeding, dairy, or sporting purposes and held for 12 months or longer. Free tax filing h&r block Other livestock includes hogs, mules, sheep, goats, donkeys, and other fur-bearing animals. Free tax filing h&r block Other livestock does not include poultry. Free tax filing h&r block Sale or exchange of depreciable personal property. Free tax filing h&r block This property must be used in your business and held longer than 1 year. Free tax filing h&r block Generally, property held for the production of rents or royalties is considered to be used in a trade or business. Free tax filing h&r block Examples of depreciable personal property include farm machinery and trucks. Free tax filing h&r block It also includes amortizable section 197 intangibles. Free tax filing h&r block Sale or exchange of real estate. Free tax filing h&r block This property must be used in your business and held longer than 1 year. Free tax filing h&r block Examples are your farm or ranch (including barns and sheds). Free tax filing h&r block Sale or exchange of unharvested crops. Free tax filing h&r block The crop and land must be sold, exchanged, or involuntarily converted at the same time and to the same person, and the land must have been held longer than 1 year. Free tax filing h&r block You cannot keep any right or option to reacquire the land directly or indirectly (other than a right customarily incident to a mortgage or other security transaction). Free tax filing h&r block Growing crops sold with a leasehold on the land, even if sold to the same person in a single transaction, are not included. Free tax filing h&r block Distributive share of partnership gains and losses. Free tax filing h&r block Your distributive share must be from the sale or exchange of property listed above and held longer than 1 year (or for the required period for certain livestock). Free tax filing h&r block Cutting or disposal of timber. Free tax filing h&r block Special rules apply if you owned the timber longer than 1 year and elect to treat timber cutting as a sale or exchange, or you enter into a cutting contract, as described in chapter 8 under Timber . Free tax filing h&r block Condemnation. Free tax filing h&r block The condemned property (defined in chapter 11) must have been held longer than 1 year. Free tax filing h&r block It must be business property or a capital asset held in connection with a trade or business or a transaction entered into for profit, such as investment property. Free tax filing h&r block It cannot be property held for personal use. Free tax filing h&r block Casualty or theft. Free tax filing h&r block The casualty or theft must have affected business property, property held for the production of rents or royalties, or investment property (such as notes and bonds). Free tax filing h&r block You must have held the property longer than 1 year. Free tax filing h&r block However, if your casualty or theft losses are more than your casualty or theft gains, neither the gains nor the losses are taken into account in the section 1231 computation. Free tax filing h&r block Section 1231 does not apply to personal casualty gains and losses. Free tax filing h&r block See chapter 11 for information on how to treat those gains and losses. Free tax filing h&r block If the property is not held for the required holding period, the transaction is not subject to section 1231 treatment, and any gain or loss is ordinary income reported in Part II of Form 4797. Free tax filing h&r block See Table 9-1. Free tax filing h&r block Property for sale to customers. Free tax filing h&r block   A sale, exchange, or involuntary conversion of property held mainly for sale to customers is not a section 1231 transaction. Free tax filing h&r block If you will get back all, or nearly all, of your investment in the property by selling it rather than by using it up in your business, it is property held mainly for sale to customers. Free tax filing h&r block Treatment as ordinary or capital. Free tax filing h&r block   To determine the treatment of section 1231 gains and losses, combine all of your section 1231 gains and losses for the year. Free tax filing h&r block If you have a net section 1231 loss, it is an ordinary loss. Free tax filing h&r block If you have a net section 1231 gain, it is ordinary income up to your nonrecaptured section 1231 losses from previous years, explained next. Free tax filing h&r block The rest, if any, is long-term capital gain. Free tax filing h&r block Nonrecaptured section 1231 losses. Free tax filing h&r block   Your nonrecaptured section 1231 losses are your net section 1231 losses for the previous 5 years that have not been applied against a net section 1231 gain by treating the gain as ordinary income. Free tax filing h&r block These losses are applied against your net section 1231 gain beginning with the earliest loss in the 5-year period. Free tax filing h&r block Example. Free tax filing h&r block In 2013, Ben has a $2,000 net section 1231 gain. Free tax filing h&r block To figure how much he has to report as ordinary income and long-term capital gain, he must first determine his section 1231 gains and losses from the previous 5-year period. Free tax filing h&r block From 2008 through 2012 he had the following section 1231 gains and losses. Free tax filing h&r block Year Amount 2008 -0- 2009 -0- 2010 ($2,500) 2011 -0- 2012 $1,800   Ben uses this information to figure how to report his net section 1231 gain for 2013 as shown below. Free tax filing h&r block 1) Net section 1231 gain (2013) $2,000 2) Net section 1231 loss (2010) ($2,500)   3) Net section 1231 gain (2012) 1,800   4) Remaining net section 1231 loss from prior 5 years ($700)   5) Gain treated as  ordinary income $700 6) Gain treated as long-term  capital gain $1,300 His remaining net section 1231 loss from 2010 is completely recaptured in 2013. Free tax filing h&r block Depreciation Recapture If you dispose of depreciable or amortizable property at a gain, you may have to treat all or part of the gain (even if it is otherwise nontaxable) as ordinary income. Free tax filing h&r block To figure any gain that must be reported as ordinary income, you must keep permanent records of the facts necessary to figure the depreciation or amortization allowed or allowable on your property. Free tax filing h&r block For more information, see chapter 3 of Publication 544. Free tax filing h&r block Section 1245 Property A gain on the disposition of section 1245 property is treated as ordinary income to the extent of depreciation allowed or allowable. Free tax filing h&r block Any recognized gain that is more than the part that is ordinary income is a section 1231 gain. Free tax filing h&r block See Treatment as ordinary or capital under Section 1231 Gains and Losses , earlier. Free tax filing h&r block Section 1245 property includes any property that is or has been subject to an allowance for depreciation or amortization and that is any of the following types of property. Free tax filing h&r block Personal property (either tangible or intangible). Free tax filing h&r block Other tangible property (except buildings and their structural components) used as any of the following. Free tax filing h&r block See Buildings and structural components below. Free tax filing h&r block An integral part of manufacturing, production, or extraction, or of furnishing certain services. Free tax filing h&r block A research facility in any of the activities in (a). Free tax filing h&r block A facility in any of the activities in (a) above, for the bulk storage of fungible commodities (discussed later). Free tax filing h&r block That part of real property (not included in (2)) with an adjusted basis reduced by (but not limited to) the following. Free tax filing h&r block Amortization of certified pollution control facilities. Free tax filing h&r block The section 179 expense deduction. Free tax filing h&r block Deduction for clean-fuel vehicles and certain refueling property. Free tax filing h&r block Expenditures to remove architectural and transportation barriers to the handicapped and elderly. Free tax filing h&r block Certain reforestation expenditures (as described under Reforestation Costs in chapter 7. Free tax filing h&r block Single purpose agricultural (livestock) or horticultural structures. Free tax filing h&r block Storage facilities (except buildings and their structural components) used in distributing petroleum or any primary product of petroleum. Free tax filing h&r block Buildings and structural components. Free tax filing h&r block   Section 1245 property does not include buildings and structural components. Free tax filing h&r block The term building includes a house, barn, warehouse, or garage. Free tax filing h&r block The term structural component includes walls, floors, windows, doors, central air conditioning systems, light fixtures, etc. Free tax filing h&r block   Do not treat a structure that is essentially machinery or equipment as a building or structural component. Free tax filing h&r block Also, do not treat a structure that houses property used as an integral part of an activity as a building or structural component if the structure's use is so closely related to the property's use that the structure can be expected to be replaced when the property it initially houses is replaced. Free tax filing h&r block   The fact that the structure is specially designed to withstand the stress and other demands of the property and cannot be used economically for other purposes indicates it is closely related to the use of the property it houses. Free tax filing h&r block Structures such as oil and gas storage tanks, grain storage bins, and silos are not treated as buildings, but as section 1245 property. Free tax filing h&r block Facility for bulk storage of fungible commodities. Free tax filing h&r block   This is a facility used mainly for the bulk storage of fungible commodities. Free tax filing h&r block Bulk storage means storage of a commodity in a large mass before it is used. Free tax filing h&r block For example, if a facility is used to store oranges that have been sorted and boxed, it is not used for bulk storage. Free tax filing h&r block To be fungible, a commodity must be such that one part may be used in place of another. Free tax filing h&r block Gain Treated as Ordinary Income The gain treated as ordinary income on the sale, exchange, or involuntary conversion of section 1245 property, including a sale and leaseback transaction, is the lesser of the following amounts. Free tax filing h&r block The depreciation (which includes any section 179 deduction claimed) and amortization allowed or allowable on the property. Free tax filing h&r block The gain realized on the disposition (the amount realized from the disposition minus the adjusted basis of the property). Free tax filing h&r block For any other disposition of section 1245 property, ordinary income is the lesser of (1) above or the amount by which its fair market value (FMV) is more than its adjusted basis. Free tax filing h&r block For details, see chapter 3 of Publication 544. Free tax filing h&r block Use Part III of Form 4797 to figure the ordinary income part of the gain. Free tax filing h&r block Depreciation claimed on other property or claimed by other taxpayers. Free tax filing h&r block   Depreciation and amortization include the amounts you claimed on the section 1245 property as well as the following depreciation and amortization amounts. Free tax filing h&r block Amounts you claimed on property you exchanged for, or converted to, your section 1245 property in a like-kind exchange or involuntary conversion. Free tax filing h&r block For details on exchanges of property that are not taxable, see Like-Kind Exchanges in chapter 8. Free tax filing h&r block Amounts a previous owner of the section 1245 property claimed if your basis is determined with reference to that person's adjusted basis (for example, the donor's depreciation deductions on property you received as a gift and part of the transfer is a sale or exchange). Free tax filing h&r block Example. Free tax filing h&r block Jeff Free paid $120,000 for a tractor in 2012. Free tax filing h&r block On February 23, 2013, he traded it for a chopper and paid an additional $30,000. Free tax filing h&r block To figure his depreciation deduction on the chopper for the current year, Jeff continues to use the basis of the tractor as he would have before the trade. Free tax filing h&r block Jeff can also depreciate the additional $30,000 for the chopper. Free tax filing h&r block Depreciation and amortization. Free tax filing h&r block   Depreciation and amortization deductions that must be recaptured as ordinary income include (but are not limited to) the following items. Free tax filing h&r block See Depreciation Recapture in chapter 3 of Publication 544 for more details. Free tax filing h&r block Ordinary depreciation deductions. Free tax filing h&r block Section 179 deduction (see chapter 7). Free tax filing h&r block Any special depreciation allowance. Free tax filing h&r block Amortization deductions for all the following costs. Free tax filing h&r block Acquiring a lease. Free tax filing h&r block Lessee improvements. Free tax filing h&r block Pollution control facilities. Free tax filing h&r block Reforestation expenses. Free tax filing h&r block Section 197 intangibles. Free tax filing h&r block Qualified disaster expenses. Free tax filing h&r block Franchises, trademarks, and trade names acquired before August 11, 1993. Free tax filing h&r block Example. Free tax filing h&r block You file your returns on a calendar year basis. Free tax filing h&r block In February 2011, you bought and placed in service for 100% use in your farming business a light-duty truck (5-year property) that cost $10,000. Free tax filing h&r block You used the half-year convention and your MACRS deductions for the truck were $1,500 in 2011 and $2,550 in 2012. Free tax filing h&r block You did not claim the section 179 expense deduction for the truck. Free tax filing h&r block You sold it in May 2013 for $7,000. Free tax filing h&r block The MACRS deduction in 2013, the year of sale, is $893 (½ of $1,785). Free tax filing h&r block Figure the gain treated as ordinary income as follows. Free tax filing h&r block 1) Amount realized $7,000 2) Cost (February 2011) $10,000   3) Depreciation allowed or allowable (MACRS deductions: $1,500 + $2,550 + $893) 4,943   4) Adjusted basis (subtract line 3 from line 2) $5,057 5) Gain realized (subtract line 4 from line 1) 1,943 6) Gain treated as ordinary income (lesser of line 3 or line 5) $1,943 Depreciation allowed or allowable. Free tax filing h&r block   You generally use the greater of the depreciation allowed or allowable when figuring the part of gain to report as ordinary income. Free tax filing h&r block If, in prior years, you have consistently taken proper deductions under one method, the amount allowed for your prior years will not be increased even though a greater amount would have been allowed under another proper method. Free tax filing h&r block If you did not take any deduction at all for depreciation, your adjustments to basis for depreciation allowable are figured by using the straight line method. Free tax filing h&r block This treatment applies only when figuring what part of the gain is treated as ordinary income under the rules for section 1245 depreciation recapture. Free tax filing h&r block Disposition of plants and animals. Free tax filing h&r block   If you elect not to use the uniform capitalization rules (see chapter 6), you must treat any plant you produce as section 1245 property. Free tax filing h&r block If you have a gain on the property's disposition, you must recapture the pre-productive expenses you would have capitalized if you had not made the election by treating the gain, up to the amount of these expenses, as ordinary income. Free tax filing h&r block For section 1231 transactions, show these expenses as depreciation on Form 4797, Part III, line 22. Free tax filing h&r block For plant sales that are reported on Schedule F (1040), Profit or Loss From Farming, this recapture rule does not change the reporting of income because the gain is already ordinary income. Free tax filing h&r block You can use the farm-price method or the unit-livestock-price method discussed in  chapter 2 to figure these expenses. Free tax filing h&r block Example. Free tax filing h&r block Janet Maple sold her apple orchard in 2013 for $80,000. Free tax filing h&r block Her adjusted basis at the time of sale was $60,000. Free tax filing h&r block She bought the orchard in 2006, but the trees did not produce a crop until 2009. Free tax filing h&r block Her pre-productive expenses were $6,000. Free tax filing h&r block She elected not to use the uniform capitalization rules. Free tax filing h&r block Janet must treat $6,000 of the gain as ordinary income. Free tax filing h&r block Section 1250 Property Section 1250 property includes all real property subject to an allowance for depreciation that is not and never has been section 1245 property. Free tax filing h&r block It includes buildings and structural components that are not section 1245 property (discussed earlier). Free tax filing h&r block It includes a leasehold of land or section 1250 property subject to an allowance for depreciation. Free tax filing h&r block A fee simple interest in land is not section 1250 property because, like land, it is not depreciable. Free tax filing h&r block Gain on the disposition of section 1250 property is treated as ordinary income to the extent of additional depreciation allowed or allowable. Free tax filing h&r block To determine the additional depreciation on section 1250 property, see Depreciation Recapture in chapter 3 of Publication 544. Free tax filing h&r block You will not have additional depreciation if any of the following apply to the property disposed of. Free tax filing h&r block You figured depreciation for the property using the straight line method or any other method that does not result in depreciation that is more than the amount figured by the straight line method and you have held the property longer than 1 year. Free tax filing h&r block You chose the alternate ACRS (straight line) method for the property, which was a type of 15-, 18-, or 19-year real property covered by the section 1250 rules. Free tax filing h&r block The property was nonresidential real property placed in service after 1986 (or after July 31, 1986, if the choice to use MACRS was made) and you held it longer than 1 year. Free tax filing h&r block These properties are depreciated using the straight line method. Free tax filing h&r block Installment Sale If you report the sale of property under the installment method, any depreciation recapture under section 1245 or 1250 is taxable as ordinary income in the year of sale. Free tax filing h&r block This applies even if no payments are received in that year. Free tax filing h&r block If the gain is more than the depreciation recapture income, report the rest of the gain using the rules of the installment method. Free tax filing h&r block For this purpose, include the recapture income in your installment sale basis to determine your gross profit on the installment sale. Free tax filing h&r block If you dispose of more than one asset in a single transaction, you must separately figure the gain on each asset so that it may be properly reported. Free tax filing h&r block To do this, allocate the selling price and the payments you receive in the year of sale to each asset. Free tax filing h&r block Report any depreciation recapture income in the year of sale before using the installment method for any remaining gain. Free tax filing h&r block For more information on installment sales, see chapter 10. Free tax filing h&r block Other Dispositions Chapter 3 of Publication 544 discusses the tax treatment of the following transfers of depreciable property. Free tax filing h&r block By gift. Free tax filing h&r block At death. Free tax filing h&r block In like-kind exchanges. Free tax filing h&r block In involuntary conversions. Free tax filing h&r block Publication 544 also explains how to handle a single transaction involving multiple properties. Free tax filing h&r block Other Gains This section discusses gain on the disposition of farmland for which you were allowed either of the following. Free tax filing h&r block Deductions for soil and water conservation expenditures (section 1252 property). Free tax filing h&r block Exclusions from income for certain cost sharing payments (section 1255 property). Free tax filing h&r block Section 1252 property. Free tax filing h&r block   If you disposed of farmland you held more than 1 year and less than 10 years at a gain and you were allowed deductions for soil and water conservation expenses for the land, as discussed in chapter 5, you must treat part of the gain as ordinary income and treat the balance as section 1231 gain. Free tax filing h&r block Exceptions. Free tax filing h&r block   Do not treat gain on the following transactions as gain on section 1252 property. Free tax filing h&r block Disposition of farmland by gift. Free tax filing h&r block Transfer of farm property at death (except for income in respect of a decedent). Free tax filing h&r block For more information, see Regulations section 1. Free tax filing h&r block 1252-2. Free tax filing h&r block Amount to report as ordinary income. Free tax filing h&r block   You report as ordinary income the lesser of the following amounts. Free tax filing h&r block Your gain (determined by subtracting the adjusted basis from the amount realized from a sale, exchange, or involuntary conversion, or the FMV for all other dispositions). Free tax filing h&r block The total deductions allowed for soil and water conservation expenses multiplied by the applicable percentage, discussed next. Free tax filing h&r block Applicable percentage. Free tax filing h&r block   The applicable percentage is based on the length of time you held the land. Free tax filing h&r block If you dispose of your farmland within 5 years after the date you acquired it, the percentage is 100%. Free tax filing h&r block If you dispose of the land within the 6th through 9th year after you acquired it, the applicable percentage is reduced by 20% a year for each year or part of a year you hold the land after the 5th year. Free tax filing h&r block If you dispose of the land 10 or more years after you acquired it, the percentage is 0%, and the entire gain is a section 1231 gain. Free tax filing h&r block Example. Free tax filing h&r block You acquired farmland on January 19, 2005. Free tax filing h&r block On October 3, 2013, you sold the land at a $30,000 gain. Free tax filing h&r block Between January 1 and October 3, 2013, you incur soil and water conservation expenditures of $15,000 for the land that are fully deductible in 2013. Free tax filing h&r block The applicable percentage is 40% since you sold the land within the 8th year after you acquired it. Free tax filing h&r block You treat $6,000 (40% of $15,000) of the $30,000 gain as ordinary income and the $24,000 balance as a section 1231 gain. Free tax filing h&r block Section 1255 property. Free tax filing h&r block   If you receive certain cost-sharing payments on property and you exclude those payments from income (as discussed in chapter 3), you may have to treat part of any gain as ordinary income and treat the balance as a section 1231 gain. Free tax filing h&r block If you chose not to exclude these payments, you will not have to recognize ordinary income under this provision. Free tax filing h&r block Amount to report as ordinary income. Free tax filing h&r block   You report as ordinary income the lesser of the following amounts. Free tax filing h&r block The applicable percentage of the total excluded cost-sharing payments. Free tax filing h&r block The gain on the disposition of the property. Free tax filing h&r block You do not report ordinary income under this rule to the extent the gain is recognized as ordinary income under sections 1231 through 1254, 1256, and 1257. Free tax filing h&r block However, if applicable, gain reported under this rule must be reported regardless of any contrary provisions (including nonrecognition provisions) under any other section. Free tax filing h&r block Applicable percentage. Free tax filing h&r block   The applicable percentage of the excluded cost-sharing payments to be reported as ordinary income is based on the length of time you hold the property after receiving the payments. Free tax filing h&r block If the property is held less than 10 years after you receive the payments, the percentage is 100%. Free tax filing h&r block After 10 years, the percentage is reduced by 10% a year, or part of a year, until the rate is 0%. Free tax filing h&r block Form 4797, Part III. Free tax filing h&r block   Use Form 4797, Part III, to figure the ordinary income part of a gain from the sale, exchange, or involuntary conversion of section 1252 property and section 1255 property. 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The Free Tax Filing H&r Block

Free tax filing h&r block Index Symbols 1231 property sale, Sale of property interest. Free tax filing h&r block 401(k) plans, Elective Deferrals Excess contributions, Excess Contributions 403(b) plans, Elective Deferrals Limit for, Limit for tax-sheltered annuities. Free tax filing h&r block 457 plans, Elective Deferrals Limit for deferrals under, Limit for deferrals under section 457 plans. Free tax filing h&r block 501(c)(18)(D) plans, Elective Deferrals Contributions, Section 501(c)(18)(D) contributions. Free tax filing h&r block 501(c)(3) organizations, Student loans. Free tax filing h&r block 529 program, Qualified tuition program (QTP). Free tax filing h&r block 83(b) election, How to make the choice. Free tax filing h&r block A Academic health centers Meals and lodging when teaching and research organization, Academic health center. Free tax filing h&r block Accelerated death benefits, Accelerated Death Benefits Accident insurance, Accident or Health Plan Accidental death benefits, Accidental death benefits. Free tax filing h&r block Accrual method taxpayers, Prepaid income. Free tax filing h&r block Accrued leave payment At time of retirement or resignation, Accrued leave payment. Free tax filing h&r block Disability retirement, Accrued leave payment. Free tax filing h&r block Activity not for profit, Activity not for profit. Free tax filing h&r block Adoption Employer assistance, Adoption Assistance Advance commissions, Miscellaneous Compensation Aircraft, Flights on employer-provided aircraft. Free tax filing h&r block Airlines No-additional-cost services, No-Additional-Cost Services Valuation of flights on employer-provided aircraft, Flights on employer-provided aircraft. Free tax filing h&r block Alaska Permanent Fund dividend, Alaska Permanent Fund dividend. Free tax filing h&r block Alien status, waiver of, Waiver of alien status. Free tax filing h&r block Aliens Nonresident, Nonresident aliens. Free tax filing h&r block Alimony, Alimony. Free tax filing h&r block Alternative minimum tax (AMT) Recoveries, refiguring of, Subject to alternative minimum tax. Free tax filing h&r block Stock options, Alternative minimum tax (AMT). Free tax filing h&r block Annuities Charitable gift, Charitable gift annuities. Free tax filing h&r block Railroad retirement, Railroad retirement annuities. Free tax filing h&r block Tax-sheltered, Limit for tax-sheltered annuities. Free tax filing h&r block Archer MSAs, Archer MSA contributions. Free tax filing h&r block , Medical savings accounts (Archer MSAs and Medicare Advantage MSAs). Free tax filing h&r block Armed forces, Military Combat zone bonus, Veterans' benefits. Free tax filing h&r block Disability, Disability. Free tax filing h&r block Disability pensions, Military and Government Disability Pensions Health professions scholarship, Tuition Reduction Military action as cause of disability injuries, Terrorist attack or military action. Free tax filing h&r block Qualified reservist distribution, Qualified reservist distribution (QRD). Free tax filing h&r block Rehabilitative program payments, Veterans' benefits. Free tax filing h&r block Retirement pay, Military retirement pay. Free tax filing h&r block Veterans benefits, Veterans' benefits. Free tax filing h&r block Assistance (see Tax help) Athletic facilities, employer-provided, Athletic Facilities Automobile (see Vehicle, employer-provided) Awards (see Damages from lawsuits) B Babysitting, Babysitting. Free tax filing h&r block Back pay, award for, Back pay awards. Free tax filing h&r block Backup withholding Barter exchange transactions, Backup withholding. Free tax filing h&r block Bankruptcy Canceled debt not deemed to be income, Excluded debt. Free tax filing h&r block Barter income, Bartering Below-market loans, Below-market loans. Free tax filing h&r block Bequest for services, Bequest for services. Free tax filing h&r block Bicycle, Transportation Fringe benefit, Qualified bicycle commuting. Free tax filing h&r block Black lung benefit payments, Black lung benefit payments. Free tax filing h&r block Bonuses, Bonuses and awards. Free tax filing h&r block , Employee awards or bonuses. Free tax filing h&r block Breach of contract Damages as income, Court awards and damages. Free tax filing h&r block Bribes, Bribes. Free tax filing h&r block Business expenses Reimbursements, Allowances and reimbursements. Free tax filing h&r block Business income, Business and Investment Income, More information. Free tax filing h&r block C Cafeteria plans, Cafeteria plans. Free tax filing h&r block Campaign contributions, Campaign contributions. Free tax filing h&r block Campus lodging, Qualified campus lodging. Free tax filing h&r block , Moving Expense Reimbursements Cancellation of debt, Canceled Debts Cancellation of sales contracts, Canceled sales contract. Free tax filing h&r block Capital gains Recoveries, Capital gains. Free tax filing h&r block , Capital gains. Free tax filing h&r block Capital gains or losses Employee stock option plans (ESOPs), Option granted at a discount. Free tax filing h&r block Incentive stock options (ISOs), Incentive stock options (ISOs). Free tax filing h&r block Sale of personal property, Sale of personal items. Free tax filing h&r block Car (see Vehicle, employer-provided) Car pools, Car pools. Free tax filing h&r block Cash or deferred arrangements (CODAs), Elective Deferrals Cash rebates, Cash rebates. Free tax filing h&r block Casualty insurance Reimbursements from, Casualty insurance and other reimbursements. Free tax filing h&r block Catch-up contributions, Catch-up contributions. Free tax filing h&r block , Catch-up contributions. Free tax filing h&r block Charitable gift annuities, Charitable gift annuities. Free tax filing h&r block Child and Adult Care Food Program Payments to daycare providers, Food program payments to daycare providers. Free tax filing h&r block Child support payments, Child support payments. Free tax filing h&r block Childcare providers, Childcare providers. Free tax filing h&r block , Food program payments to daycare providers. Free tax filing h&r block Chronic illness, Chronically ill individual. Free tax filing h&r block Accelerated death benefits paid to, Exclusion for chronic illness. Free tax filing h&r block Citizens outside U. Free tax filing h&r block S. Free tax filing h&r block Exclusion of foreign income, Reminders Civil Rights Act of 1964, Title VII Back pay and damages for emotional distress under, Court awards and damages. Free tax filing h&r block Clergy, Clergy Coal, Coal and iron ore. Free tax filing h&r block Colleges and universities Faculty lodging, Faculty lodging. Free tax filing h&r block Scholarships and fellowships, Scholarships and fellowships. Free tax filing h&r block Commissions Advance, Miscellaneous Compensation Commuter highway vehicles, Transportation Compensation Employee, Employee Compensation Miscellaneous, Miscellaneous Compensation Unemployment, Unemployment compensation. Free tax filing h&r block Workers', Workers' Compensation Compensatory damages, Other compensation. Free tax filing h&r block , Court awards and damages. Free tax filing h&r block Constructive receipt of income, Constructively received income. Free tax filing h&r block Copyrights Infringement damages, Court awards and damages. Free tax filing h&r block Royalties, Copyrights and patents. Free tax filing h&r block Corporate directors, Corporate director. Free tax filing h&r block Cost-of-living allowances, Government cost-of-living allowances. Free tax filing h&r block Court awards, Court awards and damages. Free tax filing h&r block (see also Damages from lawsuits) Credit card Insurance, Credit card insurance. Free tax filing h&r block Credits Recoveries, refiguring of unused credits, Unused tax credits. Free tax filing h&r block , Unused tax credits. Free tax filing h&r block Currency transactions, foreign, Foreign currency transactions. Free tax filing h&r block D Damages from lawsuits, Court awards and damages. Free tax filing h&r block Back pay awards, Back pay awards. Free tax filing h&r block Breach of contract, Court awards and damages. Free tax filing h&r block Compensatory damages, Other compensation. Free tax filing h&r block , Court awards and damages. Free tax filing h&r block Emotional distress under Title VII, Civil Rights Act of 1964, Court awards and damages. Free tax filing h&r block Punitive damages, Court awards and damages. Free tax filing h&r block Daycare providers, Childcare providers. Free tax filing h&r block (see also Childcare providers) Food program payments to, Food program payments to daycare providers. Free tax filing h&r block De minimis benefits, De Minimis (Minimal) Benefits, Meals and Lodging Death benefits, Proceeds not received in installments. Free tax filing h&r block (see also Life insurance) Accelerated, Accelerated Death Benefits Debts Canceled, Canceled Debts Excluded debt, Excluded debt. Free tax filing h&r block Nonrecourse debts, Mortgage relief upon sale or other disposition. Free tax filing h&r block Recourse, Mortgage relief upon sale or other disposition. Free tax filing h&r block Stockholder's, Stockholder debt. Free tax filing h&r block Deduction Costs of discrimination suits, Deduction for costs involved in unlawful discrimination suits. Free tax filing h&r block Deferred compensation Nonqualified plans, Nonqualified deferred compensation plans. Free tax filing h&r block , Nonqualified deferred compensation plans of nonqualified entities. Free tax filing h&r block Dependent care benefits, Dependent Care Benefits Depletion allowance, Depletion. Free tax filing h&r block Differential wage payments, Differential wage payments. Free tax filing h&r block Armed forces, Differential wage payments. Free tax filing h&r block Directors' fees, Corporate director. Free tax filing h&r block Disability Military, Disability. Free tax filing h&r block Pensions, Disability Pensions Workers' compensation, Disability pension. Free tax filing h&r block Person with, Persons with disabilities. Free tax filing h&r block Unemployment compensation, paid as substitute for, Types of unemployment compensation. Free tax filing h&r block Disaster relief Disaster mitigation payments, Disaster mitigation payments. Free tax filing h&r block Disaster Relief and Emergency Assistance Act Grants, Disaster relief grants. Free tax filing h&r block Unemployment benefits, Unemployment Benefits Mitigation payments, Reminders Payments, Disaster relief payments. Free tax filing h&r block Discounts Employee discounts, Employee Discounts Employee stock purchase plans, Option granted at a discount. Free tax filing h&r block Mortgage loan for early payment, Discounted mortgage loan. Free tax filing h&r block Dividends Restricted stock, Dividends received on restricted stock. Free tax filing h&r block Divorced taxpayers Stock options exercised incident to divorce, Tax form. Free tax filing h&r block Down payment assistance, Down payment assistance. Free tax filing h&r block E Educational assistance Employer-provided, Educational Assistance Scholarships and fellowships, Scholarships and fellowships. Free tax filing h&r block Educational institutions Faculty lodging, Faculty lodging. Free tax filing h&r block Elderly persons Nutrition Program for the Elderly, Nutrition Program for the Elderly. Free tax filing h&r block Tax Counseling for the Elderly, Volunteer tax counseling. Free tax filing h&r block Election precinct officials, Election precinct official. Free tax filing h&r block Elective deferrals, Elective Deferrals Catch-up contributions, Catch-up contributions. Free tax filing h&r block , Catch-up contributions. Free tax filing h&r block Excess annual additions, Excess Annual Additions Excess contributions, Excess Contributions Excess deferrals, Excess deferrals. Free tax filing h&r block Increased limit for last 3 years prior to retirement age, Increased limit. Free tax filing h&r block Limit on, Elective Deferrals Reporting by employer, Reporting by employer. Free tax filing h&r block Emergency Homeowners' Loan Program, Hardest Hit Fund and Emergency Homeowners' Loan Program. Free tax filing h&r block Emotional distress damages, Emotional distress. Free tax filing h&r block Employee achievement awards, Employee achievement award. Free tax filing h&r block Employee awards or bonuses, Employee awards or bonuses. Free tax filing h&r block Employee compensation, Employee Compensation, Inherited property not substantially vested. Free tax filing h&r block Fringe benefits, Fringe Benefits, Special valuation rules. Free tax filing h&r block Restricted property, Restricted Property, Inherited property not substantially vested. Free tax filing h&r block Retirement plan contributions, Retirement Plan Contributions Stock options, Stock Options, Statutory Stock Options Employee discounts, Employee Discounts Employee stock purchase plans, Statutory Stock Options, Employee stock purchase plan. Free tax filing h&r block Employer, foreign, Foreign Employer Employer-owned life insurance, Employer-owned life insurance contract. Free tax filing h&r block Employer-provided Educational assistance, Educational Assistance Vehicles, Employer-provided vehicles. Free tax filing h&r block Employment Abroad, Employment abroad. Free tax filing h&r block Agency fees, Employment agency fees. Free tax filing h&r block Contracts Severance pay for cancellation of, Severance pay. Free tax filing h&r block Endowment proceeds, Endowment Contract Proceeds Energy Assistance, Payments to reduce cost of winter energy. Free tax filing h&r block Conservation Subsidies, Energy conservation subsidies. Free tax filing h&r block Utility rebates, Utility rebates. Free tax filing h&r block Estate income, Estate and trust income. Free tax filing h&r block Estimated tax Unemployment compensation, Tax withholding. Free tax filing h&r block Excess Annual additions, Excess Annual Additions Contributions, Excess Contributions Deferrals, Excess deferrals. Free tax filing h&r block Expected inheritance, Expected inheritance. Free tax filing h&r block Expenses paid by another, Expenses paid by another. Free tax filing h&r block Exxon Valdez settlement, Exxon Valdez settlement income. Free tax filing h&r block Eligible retirement plan, Contributions to eligible retirement plan. Free tax filing h&r block Income averaging, Income averaging. Free tax filing h&r block Legal expenses, Legal expenses. Free tax filing h&r block Reporting requirement-statement, Statement. Free tax filing h&r block F Faculty lodging, Faculty lodging. Free tax filing h&r block Fair market value (FMV), Fair market value. Free tax filing h&r block Stock options, Grant of option. Free tax filing h&r block Farming Qualified farm debt, cancellation of, Excluded debt. Free tax filing h&r block Federal employees Accrued leave payment, Accrued leave payment. Free tax filing h&r block Cost-of-living allowances, Government cost-of-living allowances. Free tax filing h&r block Disability pensions, Military and Government Disability Pensions Thrift Savings Plan for, Elective Deferrals Federal Employees Compensation Act (FECA) payments, Federal Employees' Compensation Act (FECA). Free tax filing h&r block Federal income tax Refunds, Federal income tax refund. Free tax filing h&r block Fees for services, Fees for services. Free tax filing h&r block Financial counseling fees, Financial Counseling Fees Fellowships, Scholarships and fellowships. Free tax filing h&r block FICA withholding Foreign employers, U. Free tax filing h&r block S. Free tax filing h&r block citizens working for in U. Free tax filing h&r block S. Free tax filing h&r block , Social security and Medicare taxes. Free tax filing h&r block Paid by employer, Social security and Medicare taxes paid by employer. Free tax filing h&r block Fiduciaries Fees for services, Fees for services. Free tax filing h&r block , Personal representatives. Free tax filing h&r block Financial counseling fees, Financial Counseling Fees (see also Retirement planning services) Fitness programs Employer-provided, Athletic Facilities Flights Employer-provided aircraft, Flights on employer-provided aircraft. Free tax filing h&r block No-additional-cost services, No-Additional-Cost Services Food benefits Daycare providers, food program payments to, Food program payments to daycare providers. Free tax filing h&r block Nutrition Program for the Elderly, Nutrition Program for the Elderly. Free tax filing h&r block Foreign Currency transactions, Foreign currency transactions. Free tax filing h&r block Employment, Foreign Employer Governments, employees of, Employees of international organizations or foreign governments. Free tax filing h&r block Income, Reminders Service, Service-connected disability. Free tax filing h&r block Form 1040 Excess contributions to elective deferrals, Excess Contributions Recoveries, Where to report. Free tax filing h&r block Unemployment compensation, Unemployment Benefits Wages from Form W-2, Employee Compensation Form 1040 or 1040A, Schedule B Restricted stock dividends, Stock you chose to include in your income. Free tax filing h&r block Form 1040, Schedule A Outplacement services, deduction for, Outplacement services. Free tax filing h&r block Repayment of commissions paid in advance, Advance commissions and other earnings. Free tax filing h&r block Form 1040, Schedule C Bartering, Bartering Childcare providers to use, Childcare providers. Free tax filing h&r block Personal property rental, reporting income from, Reporting business income and expenses. Free tax filing h&r block Royalties, Royalties Form 1040, Schedule C-EZ Bartering, Bartering Childcare Providers to use, Childcare providers. Free tax filing h&r block Personal property rental, reporting income from, Reporting business income and expenses. Free tax filing h&r block Royalties, Royalties Form 1040, Schedule D Stock options, Sale of the stock. Free tax filing h&r block Stock options reported on, Statutory Stock Options Form 1040, Schedule E Partner's return, Partner's return. Free tax filing h&r block Royalties, Royalties Form 1040A Recoveries, Where to report. Free tax filing h&r block Unemployment compensation, Unemployment Benefits Wages from Form W-2, Employee Compensation Form 1040EZ Recoveries, Where to report. Free tax filing h&r block Unemployment compensation, Unemployment Benefits Wages from Form W-2, Employee Compensation Form 1041 Estates and trusts, Estate and trust income. Free tax filing h&r block Form 1041, Schedule K-1 Beneficiary's share of income, deductions, credits, etc. Free tax filing h&r block , Estate and trust income. Free tax filing h&r block Form 1065 Partnership return, Partnership return. Free tax filing h&r block Form 1065, Schedule K-1 Partner's share of income, Schedule K-1 (Form 1065). Free tax filing h&r block , Partnership Income Form 1098 Mortgage interest statement, Mortgage interest refund. Free tax filing h&r block Form 1099-B Barter exchange transactions, Form 1099-B from barter exchange. Free tax filing h&r block , Backup withholding. Free tax filing h&r block Form 1099-C Cancellation of debt, Form 1099-C. Free tax filing h&r block Form 1099-DIV Restricted stock dividends, Stock you chose to include in your income. Free tax filing h&r block Form 1099-G State tax refunds, State tax refund. Free tax filing h&r block Unemployment compensation, Unemployment Benefits Form 1099-MISC Services totaling $600 or more, Fees for services. Free tax filing h&r block Stock options exercised incident to divorce, Tax form. Free tax filing h&r block Form 1099-R Charitable gift annuities, Charitable gift annuities. Free tax filing h&r block Excess annual additions, Excess Annual Additions Excess deferral amounts, Excess distributed to you. Free tax filing h&r block Surrender of life insurance policy for cash, Surrender of policy for cash. Free tax filing h&r block Form 1120-POL Political organizations, Campaign contributions. Free tax filing h&r block Form 1120S S corporation return, S corporation return. Free tax filing h&r block Form 1120S, Schedule K-1 Shareholder's share of income, credits, deductions, etc. Free tax filing h&r block , Schedule K-1 (Form 1120S). Free tax filing h&r block Form 2441 Child and dependent care expenses, Dependent Care Benefits Form 4255 Recapture of investment credit, Amounts Recovered for Credits Form 6251 Alternative minimum tax, Alternative minimum tax (AMT). Free tax filing h&r block Form 8839 Adoption assistance, Adoption Assistance Form 8853 Accelerated death benefits, Form 8853. Free tax filing h&r block Archer MSAs and long-term care insurance contracts, Archer MSA contributions. Free tax filing h&r block Form 8919 Uncollected social security and Medicare tax on wages, Employee Compensation Form RRB-1099 Railroad retirement board payments, Form RRB-1099. Free tax filing h&r block Form SSA-1099 Social security benefit statement, Form SSA-1099. Free tax filing h&r block Form W-2 501(c)(18)(D) contributions, Section 501(c)(18)(D) contributions. Free tax filing h&r block Accrued leave payment at time of retirement or resignation, Accrued leave payment. Free tax filing h&r block Back pay awards, Back pay awards. Free tax filing h&r block Bonuses or awards, Bonuses and awards. Free tax filing h&r block Elective deferrals, reporting by employer, Reporting by employer. Free tax filing h&r block Failure to receive from employer, Employee Compensation Fringe benefits reported on, Form W-2. Free tax filing h&r block Stock options from employers, Tax form. Free tax filing h&r block Wage and tax statement, Employee Compensation Form W-2G Gambling winnings, Form W-2G. Free tax filing h&r block Form W-4V Unemployment compensation, voluntary withholding request, Tax withholding. Free tax filing h&r block Form W-9 Request for taxpayer identification number, Backup withholding. Free tax filing h&r block Foster care, Foster care providers. Free tax filing h&r block Foster Grandparent Program, National Senior Service Corps programs. Free tax filing h&r block Found property, Found property. Free tax filing h&r block Free tax services, Free help with your tax return. Free tax filing h&r block Fringe benefits, Fringe Benefits, Special valuation rules. Free tax filing h&r block Accident and health insurance, Accident or Health Plan Adoption, employer assistance, Adoption Assistance Athletic facilities, Athletic Facilities Commuter highway vehicles, Transportation De minimis benefits, De Minimis (Minimal) Benefits, Meals and Lodging Dependent care benefits, Dependent Care Benefits Educational assistance, Educational Assistance Employee discounts, Employee Discounts Faculty lodging, Faculty lodging. Free tax filing h&r block Financial counseling fees, Financial Counseling Fees Holiday gifts, Holiday gifts. Free tax filing h&r block Meals and lodging, Meals and Lodging Moving expenses (see Moving expenses) No-additional-cost services, No-Additional-Cost Services Parking, Transportation Retirement planning (see Retirement planning services) Transit pass, Transportation, Transit pass. Free tax filing h&r block Tuition reduction, Tuition Reduction Valuation of, Valuation of Fringe Benefits, Special valuation rules. Free tax filing h&r block Vehicle, Employer-provided vehicles. Free tax filing h&r block Working condition benefits, Working Condition Benefits Frozen deposits Interest on, Interest on frozen deposits. Free tax filing h&r block G Gambling winnings and losses, Gambling winnings. Free tax filing h&r block Gas Royalties from, Oil, gas, and minerals. Free tax filing h&r block Gifts, Gifts and inheritances. Free tax filing h&r block Holiday gifts from employer, Holiday gifts. Free tax filing h&r block Government employees (see Federal employees; State employees) Grantor trusts, Grantor trust. Free tax filing h&r block Group-term life insurance Worksheets, Figuring the taxable cost. Free tax filing h&r block , Worksheet 1. Free tax filing h&r block Figuring the Cost of Group-Term Life Insurance To Include in Income—Illustrated Gulf oil spill, Reminders, Gulf oil spill. Free tax filing h&r block H HAMP Home affordable modification program Pay-for-performance success payments, Home Affordable Modification Program (HAMP). Free tax filing h&r block Hardest Hit Fund Program, Hardest Hit Fund and Emergency Homeowners' Loan Program. Free tax filing h&r block Health Flexible spending arrangement, Health flexible spending arrangement (health FSA). Free tax filing h&r block Insurance, Accident or Health Plan Reimbursement arrangement, Health reimbursement arrangement (HRA). Free tax filing h&r block Savings account, Health savings accounts (HSA). Free tax filing h&r block Help (see Tax help) Highly compensated employees Excess contributions to elective deferrals, Excess Contributions Historic preservation grants, Historic preservation grants. Free tax filing h&r block Hobby losses, Hobby losses. Free tax filing h&r block Holding period requirement, Holding period requirement. Free tax filing h&r block Holiday gifts, Holiday gifts. Free tax filing h&r block Holocaust victims restitution, Holocaust victims restitution. Free tax filing h&r block Home, sale of, Sale of home. Free tax filing h&r block Host or hostess, Host or Hostess Hotels No-additional-cost services, No-Additional-Cost Services Housing (see Lodging) I Illegal activities, Illegal activities. Free tax filing h&r block Incentive stock options (ISOs), Statutory Stock Options, Incentive stock options (ISOs). Free tax filing h&r block Income Assigned, Assignment of income. Free tax filing h&r block Business and investment, Business and Investment Income, More information. Free tax filing h&r block Constructive receipt of, Constructively received income. Free tax filing h&r block Estate and trust, Estate and trust income. Free tax filing h&r block Foreign employers, Foreign Employer Illegal, Illegal activities. Free tax filing h&r block Miscellaneous, Miscellaneous Income Other, Other Income Partnership, Partnership Income Prepaid, Prepaid income. Free tax filing h&r block S corporation, S Corporation Income Indian fishing rights, Indian fishing rights. Free tax filing h&r block Indian money account, Indian money account litigation settlement. Free tax filing h&r block Individual retirement arrangements (IRAs) Deduction, Benefits may affect your IRA deduction. Free tax filing h&r block Inherited IRA, Inherited pension or IRA. Free tax filing h&r block Inheritance, Gifts and inheritances. Free tax filing h&r block IRA, Inherited pension or IRA. Free tax filing h&r block Property not substantially vested, Inherited property not substantially vested. Free tax filing h&r block Injury benefits, Sickness and Injury Benefits, Reimbursement for medical care. Free tax filing h&r block Insurance Credit card, Credit card insurance. Free tax filing h&r block Health, Accident or Health Plan Life (see Life insurance) Long-term care (see Long-term care insurance) Interest Canceled debt including, Interest included in canceled debt. Free tax filing h&r block Frozen deposits, Interest on frozen deposits. Free tax filing h&r block Mortgage refunds, Mortgage interest refund. Free tax filing h&r block Option on insurance, Interest option on insurance. Free tax filing h&r block Recovery amounts, Interest on recovery. Free tax filing h&r block Savings bond, Interest on qualified savings bonds. Free tax filing h&r block State and local government obligations, Interest on state and local government obligations. Free tax filing h&r block Interference with business operations Damages as income, Court awards and damages. Free tax filing h&r block International organizations, employees of, Foreign Employer Interview expenses, Job interview expenses. Free tax filing h&r block Investment counseling fees, Financial Counseling Fees (see also Retirement planning services) Investment income, Business and Investment Income, More information. Free tax filing h&r block IRAs (see Individual retirement arrangements (IRAs)) Iron ore, Coal and iron ore. Free tax filing h&r block Itemized deductions Limited, Itemized deductions limited. Free tax filing h&r block Recoveries, Recoveries, Itemized Deduction Recoveries J Job interview expenses, Job interview expenses. Free tax filing h&r block Joint returns Social security benefits or railroad retirement payments, Joint return. Free tax filing h&r block Joint state/local tax return Recoveries, Joint state or local income tax return. Free tax filing h&r block Jury duty pay, Jury duty. Free tax filing h&r block K Kickbacks, Kickbacks. Free tax filing h&r block L Labor unions Convention expenses, reimbursed, Reimbursed union convention expenses. Free tax filing h&r block Dues, Union benefits and dues. Free tax filing h&r block Strike and lockout benefits, Strike and lockout benefits. Free tax filing h&r block Unemployment benefits paid from, Payments by a union. Free tax filing h&r block Last day of tax year, income received on, Constructively received income. Free tax filing h&r block Leave (see Accrued leave payment) Length-of-service awards, Employee achievement award. Free tax filing h&r block Life insurance Employer-owned, Employer-owned life insurance contract. Free tax filing h&r block Proceeds, Life Insurance Proceeds Surrender of policy for cash, Surrender of policy for cash. Free tax filing h&r block Loans, Discounted mortgage loan. Free tax filing h&r block (see also Mortgage) Below-market, Below-market loans. Free tax filing h&r block Student, Student loans. Free tax filing h&r block Lockout benefits, Strike and lockout benefits. Free tax filing h&r block Lodging Campus lodging, Qualified campus lodging. Free tax filing h&r block , Moving Expense Reimbursements Clergy, Housing Employer-paid or reimbursed, Meals and Lodging Faculty lodging, Faculty lodging. Free tax filing h&r block Replacement housing payments, Replacement housing payments. Free tax filing h&r block Long-term care insurance, Long-term care coverage. Free tax filing h&r block , Long-Term Care Insurance Contracts Lotteries and raffles, Lotteries and raffles. Free tax filing h&r block Lump-sum distributions Survivor benefits, Lump-sum payments. Free tax filing h&r block M Manufacturer incentive payments, Manufacturer incentive payments. Free tax filing h&r block Meals Employer-paid or reimbursed, Meals and Lodging Nutrition Program for the Elderly, Nutrition Program for the Elderly. Free tax filing h&r block Medical Care reimbursements, Reimbursement for medical care. Free tax filing h&r block Savings accounts, Medical savings accounts (Archer MSAs and Medicare Advantage MSAs). Free tax filing h&r block Medicare Advantage MSAs, Medical savings accounts (Archer MSAs and Medicare Advantage MSAs). Free tax filing h&r block Benefits, Medicare. Free tax filing h&r block Tax paid by employer, Social security and Medicare taxes paid by employer. Free tax filing h&r block Medicare tax (see Social security and Medicare taxes) Military (see Armed forces) Minerals Royalties from, Oil, gas, and minerals. Free tax filing h&r block Miscellaneous Compensation, Miscellaneous Compensation Income, Miscellaneous Income Missing children, photographs of, Reminders Mortgage Assistance payment (under sec. Free tax filing h&r block 235 of National Housing Act), Mortgage assistance payments under section 235 of the National Housing Act. Free tax filing h&r block Discounted loan, Discounted mortgage loan. Free tax filing h&r block Interest refund, Mortgage interest refund. Free tax filing h&r block Qualified principal residence indebtedness, Qualified principal residence indebtedness (QPRI). Free tax filing h&r block Relief, Mortgage relief upon sale or other disposition. Free tax filing h&r block Motor vehicle, employer-provided, Employer-provided vehicles. Free tax filing h&r block Moving expenses Reimbursements, Allowances and reimbursements. Free tax filing h&r block , Moving expense reimbursements. Free tax filing h&r block MSAs (Medical savings accounts), Medical savings accounts (Archer MSAs and Medicare Advantage MSAs). Free tax filing h&r block N National Health Service Corps Scholarship Program, Tuition Reduction National Oceanic and Atmospheric Administration, Service-connected disability. Free tax filing h&r block National Senior Service Corps, National Senior Service Corps programs. Free tax filing h&r block No-additional-cost services, No-Additional-Cost Services No-fault car insurance Disability benefits under, Other compensation. Free tax filing h&r block Nobel prize, Pulitzer, Nobel, and similar prizes. Free tax filing h&r block Nonrecourse debt, Mortgage relief upon sale or other disposition. Free tax filing h&r block Nonstatutory stock options, Nonstatutory Stock Options Nontaxable income, Introduction Not-for-profit activities, Activity not for profit. Free tax filing h&r block Notary fees, Notary public. Free tax filing h&r block Notes received for services, Note received for services. Free tax filing h&r block Nutrition Program for the Elderly, Nutrition Program for the Elderly. Free tax filing h&r block O Oil Royalties from, Oil, gas, and minerals. Free tax filing h&r block Old-age, survivors, and disability insurance benefits (OASDI), Old-age, survivors, and disability insurance benefits (OASDI). Free tax filing h&r block Options, stock, Stock Options, Statutory Stock Options Outplacement services, Outplacement services. Free tax filing h&r block Overseas work, Reminders P Parking fees Employer-paid or reimbursed, Transportation, Qualified parking. Free tax filing h&r block Partner and partnership income, Partnership Income Patents Infringement damages, Court awards and damages. Free tax filing h&r block Royalties, Copyrights and patents. Free tax filing h&r block Peace Corps, Peace Corps. Free tax filing h&r block Pensions Clergy, Pension. Free tax filing h&r block Disability pensions, Disability Pensions Inherited pensions, Inherited pension or IRA. Free tax filing h&r block Military, Military retirement pay. Free tax filing h&r block Personal property Rental income and expense, Rents From Personal Property Sale of, Sale of personal items. Free tax filing h&r block Personal representatives (see Fiduciaries) Prepaid income, Prepaid income. Free tax filing h&r block Price reduced after purchase, Price reduced after purchase. Free tax filing h&r block Prizes and awards, Bonuses and awards. Free tax filing h&r block , Prizes and awards. Free tax filing h&r block Achievement awards, Employee achievement award. Free tax filing h&r block Employee awards or bonuses, Employee awards or bonuses. Free tax filing h&r block Length-of-service awards, Employee achievement award. Free tax filing h&r block Pulitzer, Nobel, and similar prizes, Pulitzer, Nobel, and similar prizes. Free tax filing h&r block Safety achievement, Employee achievement award. Free tax filing h&r block Scholarship prizes, Prizes. Free tax filing h&r block Profit-sharing plan, Retirement and profit-sharing plans. Free tax filing h&r block Public assistance benefits, Welfare and Other Public Assistance Benefits Public Health Service, Service-connected disability. Free tax filing h&r block Public safety officers killed in line of duty, Public safety officer killed in the line of duty. Free tax filing h&r block Public transportation passes, employer-provided, Transportation, Transit pass. Free tax filing h&r block Publications (see Tax help) Pulitzer prize, Pulitzer, Nobel, and similar prizes. Free tax filing h&r block Punitive damages, Court awards and damages. Free tax filing h&r block Q Qualified joint venture, Reminders Qualified tuition program (QTP), Qualified tuition program (QTP). Free tax filing h&r block R Raffles, Lotteries and raffles. Free tax filing h&r block Railroad Retirement annuities, Railroad retirement annuities. Free tax filing h&r block Retirement benefits, Social security and equivalent railroad retirement benefits. Free tax filing h&r block Sick pay, Railroad sick pay. 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Free tax filing h&r block Reimbursements Business expenses, Allowances and reimbursements. Free tax filing h&r block Casualty losses, Casualty insurance and other reimbursements. Free tax filing h&r block Meals and lodging, Meals and Lodging Medical expenses, Reimbursement for medical care. Free tax filing h&r block Moving expenses, Allowances and reimbursements. Free tax filing h&r block , Moving expense reimbursements. Free tax filing h&r block Related party transactions Stock option transfer, Transfer in non-arm's-length transaction. Free tax filing h&r block Religious order members, Members of Religious Orders Rental income and expenses Personal property rental, Rents From Personal Property Reporting of, Reporting business income and expenses. Free tax filing h&r block Repayments, Repayments, Year of deduction (or credit). Free tax filing h&r block Repossession, Canceled sales contract. Free tax filing h&r block Restricted property, Restricted Property, Inherited property not substantially vested. Free tax filing h&r block Retired Senior Volunteer Program (RSVP), National Senior Service Corps programs. Free tax filing h&r block Retirement Settlement, Reminders Retirement planning services, Financial Counseling Fees, Retirement Planning Services Retirement plans, Military retirement pay. Free tax filing h&r block (see also Pensions) Automatic contribution arrangements, Qualified automatic contribution arrangements. Free tax filing h&r block Contributions, Retirement Plan Contributions, Excess Annual Additions, Statutory Stock Options Elective deferrals (see Elective deferrals) Rewards, Rewards. Free tax filing h&r block Roth contributions, Designated Roth contributions. Free tax filing h&r block Royalties, Royalties S S corporations, S Corporation Income Safety achievement awards, Employee achievement award. Free tax filing h&r block Salary reduction simplified employee pension plans (see SARSEPs) Sale of home, Sale of home. Free tax filing h&r block Sales contracts Cancellation of, Canceled sales contract. Free tax filing h&r block SARSEPs, Elective Deferrals Excess contributions, Excess Contributions Savings bonds, Interest on qualified savings bonds. Free tax filing h&r block Savings incentive match plans for employees (see SIMPLE plans) Scholarships and fellowships, Scholarships and fellowships. Free tax filing h&r block Self-employed persons U. Free tax filing h&r block S. Free tax filing h&r block citizens working for foreign employers in U. Free tax filing h&r block S. Free tax filing h&r block treated as, Social security and Medicare taxes. Free tax filing h&r block Senior Companion Program, National Senior Service Corps programs. Free tax filing h&r block Service Corps of Retired Executives (SCORE), Service Corps of Retired Executives (SCORE). 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Free tax filing h&r block Standard deduction Recoveries, Standard deduction limit. Free tax filing h&r block , Standard deduction for earlier years. Free tax filing h&r block State employees Unemployment benefits paid to, State employees. Free tax filing h&r block State or local governments Interest on obligations of, Interest on state and local government obligations. Free tax filing h&r block State or local taxes Refunds, State tax refund. Free tax filing h&r block Statutory stock option holding period, Sale of the stock. Free tax filing h&r block Stock appreciation rights, Stock appreciation rights. Free tax filing h&r block Stock options, Stock Options, Statutory Stock Options Stock options, nonstatutory Exercise or transfer, Exercise or transfer of option. Free tax filing h&r block Grant, Grant of option. Free tax filing h&r block Sale, Sale of the stock. Free tax filing h&r block Stock options, statutory Exercise, Exercise of option. Free tax filing h&r block Grant, Grant of option. Free tax filing h&r block Sale, Sale of the stock. Free tax filing h&r block Stockholder debts, Stockholder debt. Free tax filing h&r block Stolen property, Stolen property. Free tax filing h&r block Strike benefits, Strike and lockout benefits. Free tax filing h&r block Student loans Cancellation of debt, Student loans. Free tax filing h&r block Substantial risk of forfeiture, Substantial risk of forfeiture. Free tax filing h&r block Substantially vested property, Substantially vested. Free tax filing h&r block Supplemental security income (SSI) payments, Social security and equivalent railroad retirement benefits. Free tax filing h&r block Supplemental unemployment benefits, Supplemental unemployment benefits. Free tax filing h&r block Surviving spouse Life insurance proceeds paid to, Surviving spouse. Free tax filing h&r block Survivor benefits, Survivor Benefits T Tables and figures Group-term life insurance (Table 1), Group-Term Life Insurance Tax benefit rule, Tax benefit rule. Free tax filing h&r block Tax Counseling for the Elderly, Volunteer tax counseling. Free tax filing h&r block Tax help, How To Get Tax Help Tax-sheltered annuity plans (403(b) plans), Elective Deferrals Limit for, Limit for tax-sheltered annuities. Free tax filing h&r block Terminal illness, Exclusion for terminal illness. Free tax filing h&r block Terrorist attacks Disability payments for injuries from, Terrorist attack or military action. Free tax filing h&r block Victims of, tax relief, Reminders Thrift Savings Plan, Elective Deferrals Title VII, Civil Rights Act of 1964 Back pay and damages for emotional distress under, Court awards and damages. Free tax filing h&r block Tour guides, free tours for, Free tour. Free tax filing h&r block Trade Act of 1974 Trade readjustment allowances under, Types of unemployment compensation. Free tax filing h&r block , Repayment of benefits. Free tax filing h&r block Transferable property, Transferable property. Free tax filing h&r block Transit passes, Transportation, Transit pass. Free tax filing h&r block Travel agencies Free tour to organizer of group of tourists, Free tour. Free tax filing h&r block Travel and transportation expenses Free tours from travel agencies, Free tour. Free tax filing h&r block Fringe benefits, Transportation Reimbursements, Allowances and reimbursements. Free tax filing h&r block School children, transporting of, Transporting school children. Free tax filing h&r block Trusts Grantor trusts, Grantor trust. Free tax filing h&r block Income, Estate and trust income. Free tax filing h&r block Tuition program, qualified (QTP), Qualified tuition program (QTP). Free tax filing h&r block Tuition reduction, Tuition Reduction U Unemployment compensation, Unemployment Benefits Unions (see Labor unions) Unlawful discrimination suits Deduction for costs, Deduction for costs involved in unlawful discrimination suits. Free tax filing h&r block V VA payments, VA payments. Free tax filing h&r block Valuation Fringe benefits, Valuation of Fringe Benefits, Special valuation rules. Free tax filing h&r block Stock options, Nonstatutory Stock Options Vehicle Commuter highway, Commuter highway vehicle. Free tax filing h&r block Employer-provided, Employer-provided vehicles. Free tax filing h&r block Veterans benefits, Veterans' benefits. Free tax filing h&r block Disability compensation, Retroactive VA determination. Free tax filing h&r block Retroactive VA determination, Retroactive VA determination. Free tax filing h&r block Special statute of limitations. Free tax filing h&r block , Special statute of limitations. Free tax filing h&r block Viatical settlements, Viatical settlement. Free tax filing h&r block Volunteer work, Volunteers Tax counseling (Volunteer Income Tax Assistance Program), Volunteer tax counseling. Free tax filing h&r block Volunteers in Service to America (VISTA), Volunteers in Service to America (VISTA). Free tax filing h&r block W W-2 form (see Form W-2) Welfare benefits, Welfare and Other Public Assistance Benefits Whistleblower, Whistleblower's award. Free tax filing h&r block Winter energy payments, Payments to reduce cost of winter energy. Free tax filing h&r block Withholding Barter exchange transactions, Backup withholding. Free tax filing h&r block Unemployment compensation, Tax withholding. Free tax filing h&r block Work-training programs, Work-training program. Free tax filing h&r block Workers' compensation, Workers' Compensation Working condition benefits, Working Condition Benefits Worksheets Group-term life insurance (Worksheet 1), Figuring the taxable cost. Free tax filing h&r block , Worksheet 1. Free tax filing h&r block Figuring the Cost of Group-Term Life Insurance To Include in Income—Illustrated Prev  Up     Home   More Online Publications