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H&r block online 18. H&r block online   Pensión para el Cónyuge Divorciado Table of Contents IntroductionCónyuge o ex cónyuge. H&r block online Documento (instrumento) de divorcio o separación judicial. H&r block online Useful Items - You may want to see: Reglas GeneralesPagos hipotecarios. H&r block online Impuestos y seguro. H&r block online Otros pagos a terceros. H&r block online Documentos Firmados Después de 1984Pagos a terceros. H&r block online Excepción. H&r block online Pagos sustitutivos. H&r block online Específicamente designado como pensión para hijos menores. H&r block online Contingencia relacionada con su hijo. H&r block online Pago claramente asociado con una contingencia. H&r block online Cómo Deducir la Pensión para el Cónyuge Divorciado que Pagó Cómo Declarar la Pensión para el Cónyuge Divorciado Recibida Regla de Recuperación Introduction Este capítulo trata de las reglas correspondientes si paga o recibe pensión para el cónyuge divorciado. H&r block online Abarca los siguientes temas: Qué pagos se consideran pensión para el cónyuge divorciado. H&r block online Qué pagos no se consideran pensión para el cónyuge divorciado, como la pensión para la manutención de hijos. H&r block online Cómo deducir la pensión para el cónyuge divorciado que pagó. H&r block online Cómo declarar la pensión para el cónyuge divorciado que recibió por concepto de ingresos. H&r block online Si debe o no recuperar los beneficios tributarios de la pensión para el cónyuge divorciado. H&r block online “Recuperar” significa volver a añadir a sus ingresos toda, o parte de, una deducción que haya tomado en un año anterior. H&r block online La “pensión para el cónyuge divorciado” es un pago hecho a, o para, un cónyuge o ex cónyuge conforme a un documento (instrumento) de divorcio o separación judicial. H&r block online No incluye pagos voluntarios que no sean hechos conforme a un documento de divorcio o separación. H&r block online La pensión para el cónyuge divorciado es deducible por el pagador y tiene que ser incluida en los ingresos del cónyuge o ex cónyuge. H&r block online Aunque en general este capítulo está dirigido al pagador de la pensión para el cónyuge divorciado, el cónyuge beneficiario puede usar la información para determinar si una cantidad recibida se considera pago de pensión para el cónyuge divorciado. H&r block online Para considerarse pensión para el cónyuge divorciado, un pago tiene que cumplir ciertos requisitos. H&r block online Requisitos distintos generalmente corresponden a pagos hechos conforme a documentos firmados después de 1984 y a pagos hechos conforme a documentos firmados antes de 1985. H&r block online Este capítulo trata de las reglas relativas a pagos hechos conforme a documentos firmados después de 1984. H&r block online Si usted necesita consultar las reglas para pagos hechos conforme a documentos firmados antes de 1985, obtenga y guarde una copia de la versión del año 2004 de la Publicación 504, Divorced or Separated Individuals (Personas divorciadas o separadas), en inglés. H&r block online Ése fue el último año en que la información sobre documentos firmados antes de 1985 se incluyó en la Publicación 504. H&r block online Use la Tabla 18-1 de este capítulo como guía para determinar si ciertos pagos se consideran pensión para el cónyuge divorciado. H&r block online Definiciones. H&r block online   Las siguientes son definiciones aplicables a lo largo de este capítulo. H&r block online Cónyuge o ex cónyuge. H&r block online   Salvo que se indique lo contrario, el término “cónyuge” incluye a un ex cónyuge. H&r block online Documento (instrumento) de divorcio o separación judicial. H&r block online   El término “documento de divorcio o separación judicial” significa: Un decreto u orden de divorcio o de manutención por separación judicial o un documento (instrumento) por escrito relacionado con ese decreto u orden; Un acuerdo de separación por escrito o Un decreto o cualquier tipo de orden judicial, que le exige a un cónyuge que haga pagos para la manutención del otro cónyuge. H&r block online Esto abarca un decreto temporal, un decreto interlocutorio (no final) y un decreto de pensión para el cónyuge divorciado pendente lite (en espera de que se tomen acciones con respecto al decreto o acuerdo final). H&r block online Useful Items - You may want to see: Publicación 504 Divorced or Separated Individuals (Personas divorciadas o separadas), en inglés. H&r block online Reglas Generales Las siguientes reglas corresponden a la pensión para el cónyuge divorciado independientemente de cuándo se firmó el documento de divorcio o separación judicial. H&r block online Pagos que no son pensión para el cónyuge divorciado. H&r block online   No todos los pagos hechos conforme a un documento de divorcio o separación judicial son pensión para el cónyuge divorciado. H&r block online La pensión para el cónyuge divorciado no abarca: Pensión para hijos menores; Acuerdos de división (distribución) de bienes que no sean en efectivo; Pagos que le corresponden a su cónyuge como parte de los ingresos de la comunidad de bienes conyugales, según se explica bajo Community Property (Bienes gananciales), en la Publicación 504, en inglés; Pagos hechos para el mantenimiento de los bienes del pagador o Uso de los bienes del pagador. H&r block online Pagos a terceros. H&r block online   Los pagos en efectivo, cheques o giros hechos a un tercero en nombre de su cónyuge según las condiciones del documento de divorcio o separación judicial pueden ser pagos de pensión para el cónyuge divorciado, si por lo demás reúnen los requisitos. H&r block online Estos abarcan pagos hechos para cubrir los gastos médicos de su cónyuge, costos de vivienda (alquiler, servicios públicos, etc. H&r block online ), impuestos, matrícula escolar, etcétera. H&r block online A estos pagos se les trata como si hubiesen sido recibidos por su cónyuge y luego pagados al tercero. H&r block online Primas de un seguro de vida. H&r block online   La pensión para el cónyuge divorciado incluye las primas que tiene que pagar conforme a su documento de divorcio o separación judicial por su seguro de vida hasta la medida o el punto en que su cónyuge sea el dueño de la póliza. H&r block online Pagos por una vivienda comprada conjuntamente. H&r block online   Si su documento de divorcio o separación judicial estipula que tiene que pagar los gastos de una vivienda que es propiedad de usted y su cónyuge, algunos de sus pagos pueden ser considerados pensión para el cónyuge divorciado. H&r block online Pagos hipotecarios. H&r block online   Si tiene que pagar todos los pagos hipotecarios (capital e intereses) sobre una vivienda de propiedad conjunta y por lo demás estos pagos reúnen los requisitos para considerarse pensión para el cónyuge divorciado, puede deducir la mitad del total de los pagos como pensión para el cónyuge divorciado. H&r block online Si detalla sus deducciones y la vivienda reúne los requisitos, puede declarar la mitad de los intereses al calcular sus intereses deducibles. H&r block online Su cónyuge tiene que declarar la mitad de los pagos como pensión para el cónyuge divorciado recibida. H&r block online Si su cónyuge detalla sus deducciones y la vivienda reúne los requisitos, él o ella puede declarar la mitad de los intereses sobre la hipoteca al calcular sus intereses deducibles. H&r block online Impuestos y seguro. H&r block online   Si tiene que pagar todos los impuestos sobre bienes raíces o seguro de una vivienda que es tenencia común (tenancy in common), puede deducir la mitad de dichos pagos como pensión para el cónyuge divorciado. H&r block online Su cónyuge tiene que declarar la mitad de estos pagos como pensión para el cónyuge divorciado recibida. H&r block online Si usted y su cónyuge detallan sus deducciones, cada uno puede reclamar la mitad de los impuestos sobre bienes raíces y ninguna parte del seguro de la vivienda. H&r block online    Si es dueño de una vivienda de tenencia en su totalidad (tenancy by the entirety) o tenencia conjunta (joint tenancy), ninguno de sus pagos de impuestos o pagos de seguro se considera pensión para el cónyuge divorciado. H&r block online Sin embargo, si detalla sus deducciones, puede reclamar todos los impuestos sobre bienes raíces y ninguna parte del seguro de vivienda. H&r block online Otros pagos a terceros. H&r block online   Si hizo otros pagos a terceros, vea la Publicación 504, en inglés, para ver si alguna parte de los pagos reúne los requisitos como pensión para el cónyuge divorciado. H&r block online Documentos Firmados Después de 1984 Las reglas siguientes de la pensión para el cónyuge divorciado corresponden a pagos hechos conforme a un documento de divorcio o separación judicial firmado después de 1984. H&r block online Excepción para documentos firmados antes de 1985. H&r block online   Existen dos situaciones en las que las reglas para documentos firmados después de 1984 corresponden a documentos firmados antes de 1985: Un documento de divorcio o separación judicial firmado antes de 1985 y modificado después de 1984 para especificar que las reglas para documentos firmados después de 1984 se aplicarán. H&r block online Un documento temporal de divorcio o separación judicial firmado antes de 1985 e incorporado dentro de, o adoptado por, un decreto final firmado después de 1984 que: Cambie la cantidad o el período del pago o Añada o suprima cualquier contingencia o condición. H&r block online   Para las reglas de los pagos de la pensión para el cónyuge divorciado hechos conforme a documentos anteriores a 1985 que no cumplan estas excepciones, consulte la versión de la Publicación 504 publicada en 2004, en inglés, en www. H&r block online irs. H&r block online gov/pub504. H&r block online Ejemplo 1. H&r block online En noviembre de 1984, usted y su ex cónyuge firmaron un acuerdo de separación judicial. H&r block online En febrero de 1985, el acuerdo de separación judicial por escrito fue sustituido por un documento de divorcio. H&r block online El documento de divorcio no cambió las condiciones relativas a la pensión para el cónyuge divorciado que le paga a su ex cónyuge. H&r block online El documento de divorcio se trata como si hubiese sido firmado antes de 1985. H&r block online Los pagos de pensión para el cónyuge divorciado hechos conforme a este documento no están sujetos a las reglas de pagos hechos conforme a documentos firmados después de 1984. H&r block online Ejemplo 2. H&r block online Suponga que los hechos son iguales a los del Ejemplo 1, salvo que el documento de divorcio cambió la cantidad de la pensión para el cónyuge divorciado. H&r block online En este ejemplo, el documento de divorcio no se trata como si hubiese sido firmado antes de 1985. H&r block online Los pagos de pensión para el cónyuge divorciado están sujetos a las reglas de pagos hechos conforme a documentos firmados después de 1984. H&r block online Requisitos de la pensión para el cónyuge divorciado. H&r block online   Un pago realizado a, o para, un cónyuge conforme a un documento de divorcio o separación se considera pensión para el cónyuge divorciado si los cónyuges no presentan una declaración conjunta juntos y si todos los siguientes requisitos se cumplen: El pago es en efectivo. H&r block online El documento no indica que el pago no es pensión para el cónyuge divorciado. H&r block online Cónyuges que han sido separados legalmente conforme a un decreto de divorcio o un decreto de manutención por separación judicial no se consideran miembros de la misma vivienda. H&r block online No hay obligación de hacer pago alguno (en efectivo o en bienes) después de la muerte del cónyuge beneficiario. H&r block online El pago no se considera pensión para hijos menores. H&r block online Cada uno de estos requisitos se trata a continuación. H&r block online Requisito de pagos en efectivo. H&r block online   Sólo los pagos en efectivo, incluidos cheques y giros, se consideran pensión para el cónyuge divorciado. H&r block online Los siguientes ejemplos no se consideran pensión para el cónyuge divorciado: Transferencias de servicios o bienes (incluyendo una escritura de deuda de un tercero o un contrato de anualidad). H&r block online La firma de una escritura de deuda por parte del pagador. H&r block online Uso de los bienes del pagador. H&r block online Pagos a terceros. H&r block online   Los pagos en efectivo a terceros conforme a las condiciones de su documento de divorcio o separación judicial pueden considerarse pagos en efectivo hechos a su cónyuge. H&r block online Vea Pagos a terceros bajo Reglas Generales, anteriormente. H&r block online   Además, los pagos en efectivo a terceros por medio de una solicitud escrita de parte de su cónyuge pudieran ser considerados pensión para el cónyuge divorciado si se cumplen los requisitos siguientes: Los pagos se hacen en lugar de pagos de la pensión para el cónyuge divorciado hechos directamente a su cónyuge. H&r block online La solicitud por escrito declara que ambos cónyuges quieren que los pagos se consideren pagos de pensión para el cónyuge divorciado. H&r block online Usted recibe la solicitud por escrito de su cónyuge antes de presentar su declaración para el año en que hizo los pagos. H&r block online Pagos no designados como pensión para el cónyuge divorciado. H&r block online   Usted y su cónyuge pueden designar que los pagos que de otra manera se considerarían pensión para el cónyuge divorciado, en este caso, no se consideren como tal. H&r block online Esto se hace incluyendo una disposición en su documento de divorcio o separación judicial que declare que sus pagos de pensión para el cónyuge divorciado no son deducibles y pueden ser excluidos de los ingresos de su cónyuge. H&r block online Con este fin, todo instrumento (documento por escrito) firmado tanto por usted como por su cónyuge que haga esta designación y que se refiera a un acuerdo de separación judicial por escrito anterior se considera acuerdo de separación por escrito (y por lo tanto, un documento de divorcio o separación judicial). H&r block online Si está sujeto a una orden temporal de manutención, la designación debe ser hecha en la orden original o en una orden temporal de manutención posterior. H&r block online   Su cónyuge puede excluir los pagos de los ingresos sólo si él o ella adjunta a la declaración de impuestos una copia del documento que los designa pagos que no son pensión para el cónyuge divorciado. H&r block online La copia debe ser adjuntada cada año en el que la designación corresponda. H&r block online Los cónyuges no pueden vivir en la misma vivienda. H&r block online    Los pagos a su cónyuge mientras ustedes vivan en la misma vivienda no son pensión para el cónyuge divorciado si están legalmente separados conforme a un documento de divorcio o de manutención por separación judicial. H&r block online Una residencia que ambos compartieran antiguamente se considera una vivienda, aun si ustedes se separan físicamente en la residencia. H&r block online   No se consideran miembros de la misma vivienda si uno de ustedes se va a ir de la vivienda y se va a más tardar un mes después de la fecha del pago. H&r block online Excepción. H&r block online   Si no está legalmente separado conforme a un documento de divorcio o de manutención por separación judicial, un pago hecho conforme a un acuerdo de separación por escrito, documento de manutención u otra orden judicial puede considerarse pensión para el cónyuge divorciado aun si ustedes son miembros de la misma vivienda cuando se hace el pago. H&r block online Tabla 18-1. H&r block online Requisitos de la Pensión para el Cónyuge Divorciado (Documentos Firmados Después de 1984) Los pagos SON pensión para el cónyuge divorciado si todas las condiciones siguientes le corresponden: Los pagos NO son pensión para el cónyuge divorciado si cualquiera de las condiciones siguientes le corresponden: Los pagos son requeridos por un documento de divorcio o de separación judicial. H&r block online Los pagos no son requeridos por un documento de divorcio o de separación judicial. H&r block online El cónyuge que paga y el cónyuge beneficiario del pago no presentan una declaración conjunta juntos. H&r block online El cónyuge que paga y el cónyuge beneficiario del pago presentan una declaración conjunta juntos. H&r block online Los pagos son en efectivo (incluyendo cheques o giros). H&r block online El pago: No es en efectivo, Es un acuerdo de división (distribución) de bienes que no son en efectivo, Le corresponde a su cónyuge como su parte de los ingresos de la comunidad de bienes conyugales o Es para el mantenimiento de los bienes del cónyuge que paga. H&r block online El documento no indica que el pago no es pensión para el cónyuge divorciado. H&r block online El documento indica que el pago no es pensión para el cónyuge divorciado. H&r block online Los cónyuges que están legalmente separados conforme a un decreto de divorcio o de manutención por separación judicial no son miembros de la misma vivienda. H&r block online Los cónyuges que están legalmente separados conforme a un decreto de divorcio o de manutención por separación judicial viven en la misma vivienda. H&r block online Los pagos no son requeridos después de la muerte del cónyuge beneficiario. H&r block online Los pagos son requeridos después de la muerte del cónyuge beneficiario. H&r block online El pago no se considera pensión para hijos menores. H&r block online El pago se considera pensión para hijos menores. H&r block online Estos pagos pueden ser deducidos por el cónyuge que paga y deben ser incluidos en los ingresos del cónyuge beneficiario. H&r block online Estos pagos no pueden ser deducidos por el cónyuge que paga ni pueden ser incluidos en los ingresos del cónyuge beneficiario. H&r block online Obligación de pagos después de la muerte del cónyuge beneficiario. H&r block online   Si tiene que continuar haciendo pagos por algún período después de la muerte de su cónyuge, la parte del pago que continuaría no se considera pensión para el cónyuge divorciado, independientemente de si se haya hecho antes o después de la muerte. H&r block online Si la totalidad del pago continúa, ninguno de los pagos hechos antes o después de la muerte se considera pensión para el cónyuge divorciado. H&r block online   En el documento de divorcio o de separación judicial no tiene que constar expresamente que los pagos cesan al morir su cónyuge si, por ejemplo, la obligación de continuar con los pagos terminara conforme a la ley estatal. H&r block online Ejemplo. H&r block online Usted tiene que pagar a su ex cónyuge $10,000 en efectivo anualmente por 10 años. H&r block online En su decreto de divorcio consta que los pagos cesarán al morir su ex cónyuge. H&r block online También tiene que pagarle $20,000 en efectivo a su ex cónyuge, o al caudal hereditario (patrimonio) de su ex cónyuge, anualmente por 10 años. H&r block online La muerte de su cónyuge no causaría el cese de estos pagos conforme a la ley estatal. H&r block online Los pagos anuales de $10,000 podrían considerarse pensión para el cónyuge divorciado. H&r block online Los pagos anuales de $20,000 que no cesan al morir su ex cónyuge no son pensión para el cónyuge divorciado. H&r block online Pagos sustitutivos. H&r block online   Si tiene que hacer algún pago en efectivo o en bienes después de la muerte de su cónyuge para sustituir los pagos continuos que de otra manera corresponderían antes de la muerte, los pagos que de otra manera corresponderían no son considerados pensión para el cónyuge divorciado. H&r block online Hasta el punto en que sus pagos comiencen, se aceleren o aumenten debido a la muerte de su cónyuge, los pagos que de otra manera corresponderían que usted hizo podrían considerarse pagos que no son pensión para el cónyuge divorciado. H&r block online Si los pagos son o no considerados pensión para el cónyuge divorciado depende de todos los hechos y circunstancias. H&r block online Ejemplo 1. H&r block online Conforme a su decreto de divorcio, tiene que pagarle a su ex cónyuge $30,000 anualmente. H&r block online Los pagos cesarán al final de 6 años o al morir su cónyuge, lo que suceda antes. H&r block online Su ex cónyuge tiene la custodia de sus hijos menores de edad. H&r block online El decreto estipula que si algún hijo aún es menor de edad al morir su cónyuge, tiene que pagar $10,000 anualmente a un fideicomiso hasta que su hijo más joven alcance la mayoría de edad. H&r block online Los ingresos de fideicomiso y los bienes entregados en fideicomiso (capital) sólo pueden ser usados para el beneficio de sus hijos. H&r block online Estos hechos indican que los pagos que han de hacerse después de la muerte de su ex cónyuge sustituyen $10,000 de los pagos anuales de $30,000. H&r block online De cada uno de los pagos anuales de $30,000, $10,000 no se consideran pensión para el cónyuge divorciado. H&r block online Ejemplo 2. H&r block online Conforme a su decreto de divorcio, usted tiene que pagarle a su ex cónyuge $30,000 anualmente. H&r block online Los pagos cesarán al final de 15 años o al morir su ex cónyuge, lo que suceda antes. H&r block online El decreto estipula que si su ex cónyuge fallece antes del final del período de 15 años, usted le tiene que pagar a su caudal hereditario (patrimonio) la diferencia entre $450,000 ($30,000 x 15) y el total de la cantidad pagada hasta ese momento. H&r block online Por ejemplo, si su cónyuge fallece al final del décimo año, tiene que pagarle al caudal hereditario (patrimonio) $150,000 ($450,000 − $300,000). H&r block online Estos hechos indican que el pago de suma global que ha de hacerse después de la muerte de su ex cónyuge sustituye la cantidad completa de los pagos anuales de $30,000. H&r block online Ninguno de los pagos anuales se considera pensión para el cónyuge divorciado. H&r block online El resultado sería el mismo si el pago que se requiere cuando ocurre la muerte se descontara por un factor de intereses correspondientes para justificar el pago por adelantado. H&r block online Pensión para hijos menores. H&r block online   Un pago específicamente designado como pensión para hijos menores o tratado específicamente como pensión para hijos menores conforme a su documento de divorcio o separación judicial no se considera pensión para el cónyuge divorciado. H&r block online La cantidad o parte designada podría variar con el tiempo. H&r block online Los pagos de la pensión para hijos menores no son deducibles por parte del pagador ni están sujetos a impuestos por parte del beneficiario. H&r block online Específicamente designado como pensión para hijos menores. H&r block online   Un pago se considera específicamente designado como pensión para hijos menores hasta el punto en que el pago sea reducido por una de las siguientes situaciones: En el caso de una contingencia relacionada con su hijo o En un momento que pueda ser claramente asociado con la contingencia. H&r block online Un pago puede considerarse específicamente designado pensión para hijos menores aun si otros pagos por separado son específicamente designados como pensión para hijos menores. H&r block online Contingencia relacionada con su hijo. H&r block online   Una contingencia está relacionada con su hijo si depende de algún suceso relacionado con ese hijo. H&r block online No importa si es seguro o probable que el suceso vaya a ocurrir. H&r block online Los sucesos relacionados con su hijo incluyen que éste: Obtenga un empleo, Muera, Deje la unidad familiar, Deje la escuela, Se case o Alcance una edad o un nivel de ingresos específico. H&r block online Pago claramente asociado con una contingencia. H&r block online   Se considera que los pagos se reducirán en un momento que esté claramente asociado con el suceso de una contingencia relacionada con su hijo sólo en las siguientes situaciones: Los pagos han de ser reducidos dentro de un período de no más de 6 meses antes o después de la fecha en que su hijo alcance los 18 o 21 años de edad o la mayoría de edad en su localidad. H&r block online Los pagos han de ser reducidos en dos o más ocasiones que ocurran a más tardar un año antes o después de que otro hijo suyo alcance cierta edad entre los 18 y 24 años. H&r block online Esta edad tiene que ser la misma para cada hijo pero no tiene que ser en años completos. H&r block online En todas las demás situaciones, las reducciones en pagos no se consideran claramente asociadas con el suceso de una contingencia relacionada con su hijo. H&r block online   Usted o el IRS puede evitar la presunción hecha en las dos situaciones anteriores. H&r block online Esto se hace mostrando que el momento en el que los pagos han de ser reducidos fue determinado independientemente de toda contingencia relacionada con sus hijos. H&r block online Por ejemplo, si puede mostrar que el período de pagos de la pensión para el cónyuge divorciado es el que se acostumbra en su jurisdicción local, tal como un período equivalente a la mitad de los años que duró el matrimonio, puede evitar la presunción y tal vez pueda tratar la cantidad que pagó como pensión para el cónyuge divorciado. H&r block online Cómo Deducir la Pensión para el Cónyuge Divorciado que Pagó Puede deducir la pensión para el cónyuge divorciado que pagó, independientemente de si detalla sus deducciones en su declaración o no. H&r block online Tiene que presentar el Formulario 1040. H&r block online No puede usar el Formulario 1040A ni el Formulario 1040EZ. H&r block online Anote la cantidad de la pensión para el cónyuge divorciado que pagó en la línea 31a del Formulario 1040. H&r block online En el espacio provisto en la línea 31b, anote el número de Seguro Social (SSN, por sus siglas en inglés o su número de identificación de contribuyente individual para extranjeros (ITIN, por sus siglas en inglés)) de su cónyuge. H&r block online Si le pagó pensión para el cónyuge divorciado a más de una persona, anote el número de Seguro Social o número de identificación de contribuyente individual para extranjeros de uno de los beneficiarios de pago. H&r block online Muestre el número de Seguro Social o número de identificación de contribuyente individual para extranjeros y la cantidad pagada a cada otro beneficiario de pago en una hoja adjunta. H&r block online Anote el total de sus pagos en la línea 31a. H&r block online Tiene que proveer el SSN o ITIN de su cónyuge. H&r block online Si no lo hace, quizás podría que pagar una multa de $50 y su deducción podría ser denegada. H&r block online Para más información sobre los SSN o ITIN, consulte Número de Seguro Social , en el capítulo 1. H&r block online Cómo Declarar la Pensión para el Cónyuge Divorciado Recibida Declare la pensión para el cónyuge divorciado que usted recibió en la línea 11 del Formulario 1040. H&r block online No puede usar el Formulario 1040A ni el Formulario 1040EZ. H&r block online Tiene que darle su número de Seguro Social o número de identificación de contribuyente individual para extranjeros a la persona que pagó la pensión para el cónyuge divorciado. H&r block online Si no lo hace, podría tener que pagar una multa de $50. H&r block online Regla de Recuperación Si sus pagos de la pensión para el cónyuge divorciado disminuyen o cesan durante los primeros 3 años naturales, podría estar sujeto a la regla de recuperación. H&r block online Si está sujeto a esta regla, tiene que incluir en sus ingresos del tercer año parte de los pagos de la pensión para el cónyuge divorciado que había deducido anteriormente. H&r block online Su cónyuge puede deducir en el tercer año parte de los pagos de la pensión para el cónyuge divorciado que él o ella anteriormente había incluido en los ingresos. H&r block online El período de los 3 años comienza con el primer año natural en el cual usted haga un pago que se considere pensión para el cónyuge divorciado conforme a un documento de divorcio o de separación judicial o conforme a un acuerdo de separación por escrito. H&r block online No incluya ningún período en que los pagos se hayan hecho conforme a una orden de manutención temporal. H&r block online El segundo y tercer año son los 2 años naturales siguientes, independientemente de si se hacen o no pagos durante esos años. H&r block online Las causas de una reducción o cese de pagos de la pensión para el cónyuge divorciado que puedan requerir una recuperación incluyen: Un cambio en su documento de divorcio o separación, No hacer pagos oportunamente, Reducción en su capacidad de proveer manutención o Reducción en las necesidades de su cónyuge. H&r block online Cuándo aplicar la regla de recuperación. H&r block online   Usted está sujeto a la regla de recuperación el tercer año si la pensión para el cónyuge divorciado que paga el tercer año disminuye por más de $15,000 en comparación con la cantidad que pagó en el segundo año o la pensión para el cónyuge divorciado que paga en el segundo y tercer año disminuye considerablemente de la cantidad de la pensión para el cónyuge divorciado que pagó en el primer año. H&r block online   Cuando calcule una disminución en la pensión para el cónyuge divorciado, no incluya las cantidades de los pagos siguientes: Pagos hechos conforme a una orden de manutención temporal. H&r block online Pagos requeridos durante un período de por lo menos 3 años naturales que varían porque son una parte fija de sus ingresos provenientes de un negocio o bienes, o de la remuneración de empleo o empleo por cuenta propia. H&r block online Pagos que disminuyen debido a la muerte de cualquiera de los cónyuges o porque el cónyuge beneficiario de pago se vuelve a casar antes de finalizar el tercer año. H&r block online Cómo calcular la recuperación. H&r block online   Use la Worksheet 1 (Hoja de Trabajo 1) de la Publicación 504, en inglés, para calcular la pensión para el cónyuge divorciado recuperada. H&r block online Cómo incluir la recuperación en los ingresos. H&r block online   Si tiene que incluir una cantidad recuperada en sus ingresos, anótela en la línea 11 (Formulario 1040), “Alimony received” (Pensión para el cónyuge divorciado recibida). H&r block online Tache la palabra “received” (recibida) y anote, en inglés, la palabra “recapture” (recuperación). H&r block online En la línea de puntos junto a la cantidad, escriba el apellido y número de Seguro Social o número de identificación de contribuyente individual para extranjeros de su cónyuge. H&r block online Cómo deducir la recuperación. H&r block online   Si puede deducir una cantidad recuperada, anótela en la línea 31a (Formulario 1040), “Alimony paid” (Pensión para el cónyuge divorciado pagada). H&r block online Tache la palabra “paid” (pagada) y anote, en inglés, la palabra “recapture” (recuperación). H&r block online En el espacio provisto, anote el número de Seguro Social o número de identificación de contribuyente individual para extranjeros de su cónyuge. H&r block online Prev  Up  Next   Home   More Online Publications
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The H&r Block Online

H&r block online 25. H&r block online   Nonbusiness Casualty and Theft Losses Table of Contents What's New Introduction Useful Items - You may want to see: CasualtyFamily pet. H&r block online Progressive deterioration. H&r block online Damage from corrosive drywall. H&r block online Theft Loss on Deposits Proof of Loss Figuring a LossDecrease in Fair Market Value Adjusted Basis Insurance and Other Reimbursements Single Casualty on Multiple Properties Deduction Limits$100 Rule 10% Rule When To Report Gains and LossesDisaster Area Loss How To Report Gains and Losses What's New New Section C of Form 4684 for Ponzi-type investment schemes. H&r block online  Section C of Form 4684 is new for 2013. H&r block online You must complete Section C if you are claiming a theft loss deduction due to a Ponzi-type investment scheme and are using Revenue Procedure 2009-20, as modified by Revenue Procedure 2011-58. H&r block online Section C of Form 4684 replaces Appendix A in Revenue Procedure 2009-20. H&r block online You do not need to complete Appendix A. H&r block online For details, see Losses from Ponzi-type investment schemes , in this chapter. H&r block online Introduction This chapter explains the tax treatment of personal (not business or investment related) casualty losses, theft losses, and losses on deposits. H&r block online The chapter also explains the following  topics. H&r block online How to figure the amount of your loss. H&r block online How to treat insurance and other reimbursements you receive. H&r block online The deduction limits. H&r block online When and how to report a casualty or theft. H&r block online Forms to file. H&r block online    When you have a casualty or theft, you have to file Form 4684. H&r block online You will also have to file one or more of the following forms. H&r block online Schedule A (Form 1040), Itemized Deductions Schedule D (Form 1040), Capital Gains and Losses Condemnations. H&r block online   For information on condemnations of property, see Involuntary Conversions in chapter 1 of Publication 544, Sales and Other Disposition of Assets. H&r block online Workbook for casualties and thefts. H&r block online    Publication 584 is available to help you make a list of your stolen or damaged personal-use property and figure your loss. H&r block online It includes schedules to help you figure the loss on your home, its contents, and your motor vehicles. H&r block online Business or investment-related losses. H&r block online   For information on a casualty or theft loss of business or income-producing property, see Publication 547, Casualties, Disasters, and Thefts. H&r block online Useful Items - You may want to see: Publication 544 Sales and Other Dispositions  of Assets 547 Casualties, Disasters, and   Thefts 584 Casualty, Disaster, and Theft   Loss Workbook (Personal-Use  Property) Form (and Instructions) Schedule A (Form 1040) Itemized Deductions Schedule D (Form 1040) Capital Gains and Losses 4684 Casualties and Thefts Casualty A casualty is the damage, destruction, or loss of property resulting from an identifiable event that is sudden, unexpected, or unusual. H&r block online A sudden event is one that is swift, not gradual or progressive. H&r block online An unexpected event is one that is ordinarily unanticipated and unintended. H&r block online An unusual event is one that is not a day-to-day occurrence and that is not typical of the activity in which you were engaged. H&r block online Deductible losses. H&r block online   Deductible casualty losses can result from a number of different causes, including the following. H&r block online Car accidents (but see Nondeductible losses , next, for exceptions). H&r block online Earthquakes. H&r block online Fires (but see Nondeductible losses , next, for exceptions). H&r block online Floods. H&r block online Government-ordered demolition or relocation of a home that is unsafe to use because of a disaster as discussed under Disaster Area Losses in Publication 547. H&r block online Mine cave-ins. H&r block online Shipwrecks. H&r block online Sonic booms. H&r block online Storms, including hurricanes and tornadoes. H&r block online Terrorist attacks. H&r block online Vandalism. H&r block online Volcanic eruptions. H&r block online Nondeductible losses. H&r block online   A casualty loss is not deductible if the damage or destruction is caused by the following. H&r block online Accidentally breaking articles such as glassware or china under normal conditions. H&r block online A family pet (explained below). H&r block online A fire if you willfully set it or pay someone else to set it. H&r block online A car accident if your willful negligence or willful act caused it. H&r block online The same is true if the willful act or willful negligence of someone acting for you caused the accident. H&r block online Progressive deterioration (explained later). H&r block online Family pet. H&r block online   Loss of property due to damage by a family pet is not deductible as a casualty loss unless the requirements discussed earlier under Casualty are met. H&r block online Example. H&r block online Your antique oriental rug was damaged by your new puppy before it was housebroken. H&r block online Because the damage was not unexpected and unusual, the loss is not deductible as a casualty loss. H&r block online Progressive deterioration. H&r block online    Loss of property due to progressive deterioration is not deductible as a casualty loss. H&r block online This is because the damage results from a steadily operating cause or a normal process, rather than from a sudden event. H&r block online The following are examples of damage due to progressive deterioration. H&r block online The steady weakening of a building due to normal wind and weather conditions. H&r block online The deterioration and damage to a water heater that bursts. H&r block online However, the rust and water damage to rugs and drapes caused by the bursting of a water heater does qualify as a casualty. H&r block online Most losses of property caused by droughts. H&r block online To be deductible, a drought-related loss generally must be incurred in a trade or business or in a transaction entered into for profit. H&r block online Termite or moth damage. H&r block online The damage or destruction of trees, shrubs, or other plants by a fungus, disease, insects, worms, or similar pests. H&r block online However, a sudden destruction due to an unexpected or unusual infestation of beetles or other insects may result in a casualty loss. H&r block online Damage from corrosive drywall. H&r block online   Under a special procedure, you may be able to claim a casualty loss deduction for amounts you paid to repair damage to your home and household appliances that resulted from corrosive drywall. H&r block online For details, see Publication 547. H&r block online Theft A theft is the taking and removing of money or property with the intent to deprive the owner of it. H&r block online The taking of property must be illegal under the laws of the state where it occurred and it must have been done with criminal intent. H&r block online You do not need to show a conviction for theft. H&r block online Theft includes the taking of money or property by the following means. H&r block online Blackmail. H&r block online Burglary. H&r block online Embezzlement. H&r block online Extortion. H&r block online Kidnapping for ransom. H&r block online Larceny. H&r block online Robbery. H&r block online The taking of money or property through fraud or misrepresentation is theft if it is illegal under state or local law. H&r block online Decline in market value of stock. H&r block online   You cannot deduct as a theft loss the decline in market value of stock acquired on the open market for investment if the decline is caused by disclosure of accounting fraud or other illegal misconduct by the officers or directors of the corporation that issued the stock. H&r block online However, you can deduct as a capital loss the loss you sustain when you sell or exchange the stock or the stock becomes completely worthless. H&r block online You report a capital loss on Schedule D (Form 1040). H&r block online For more information about stock sales, worthless stock, and capital losses, see chapter 4 of Publication 550. H&r block online Mislaid or lost property. H&r block online   The simple disappearance of money or property is not a theft. H&r block online However, an accidental loss or disappearance of property can qualify as a casualty if it results from an identifiable event that is sudden, unexpected, or unusual. H&r block online Sudden, unexpected, and unusual events are defined earlier. H&r block online Example. H&r block online A car door is accidentally slammed on your hand, breaking the setting of your diamond ring. H&r block online The diamond falls from the ring and is never found. H&r block online The loss of the diamond is a casualty. H&r block online Losses from Ponzi-type investment schemes. H&r block online   If you had a loss from a Ponzi-type investment scheme, see: Revenue Ruling 2009-9, 2009-14 I. H&r block online R. H&r block online B. H&r block online 735 (available at www. H&r block online irs. H&r block online gov/irb/2009-14_IRB/ar07. H&r block online html). H&r block online Revenue Procedure 2009-20, 2009-14 I. H&r block online R. H&r block online B. H&r block online 749 (available at www. H&r block online irs. H&r block online gov/irb/2009-14_IRB/ar11. H&r block online html). H&r block online Revenue Procedure 2011-58, 2011-50 I. H&r block online R. H&r block online B. H&r block online 849 (available at www. H&r block online irs. H&r block online gov/irb/2011-50_IRB/ar11. H&r block online html). H&r block online If you qualify to use Revenue Procedure 2009-20, as modified by Revenue Procedure 2011-58, and you choose to follow the procedures in the guidance, first fill out Section C of Form 4684 to determine the amount to enter on Section B, line 28. H&r block online Skip lines 19 to 27. H&r block online Section C of Form 4684 replaces Appendix A in Revenue Procedure 2009-20. H&r block online You do not need to complete Appendix A. H&r block online For more information, see the above revenue ruling and revenue procedures, and the Instructions for Form 4684. H&r block online   If you choose not to use the procedures in Revenue Procedure 2009-20, you may claim your theft loss by filling out Section B, lines 19 to 39, as appropriate. H&r block online Loss on Deposits A loss on deposits can occur when a bank, credit union, or other financial institution becomes insolvent or bankrupt. H&r block online If you incurred this type of loss, you can choose one of the following ways to deduct the loss. H&r block online As a casualty loss. H&r block online As an ordinary loss. H&r block online As a nonbusiness bad debt. H&r block online Casualty loss or ordinary loss. H&r block online   You can choose to deduct a loss on deposits as a casualty loss or as an ordinary loss for any year in which you can reasonably estimate how much of your deposits you have lost in an insolvent or bankrupt financial institution. H&r block online The choice is generally made on the return you file for that year and applies to all your losses on deposits for the year in that particular financial institution. H&r block online If you treat the loss as a casualty or ordinary loss, you cannot treat the same amount of the loss as a nonbusiness bad debt when it actually becomes worthless. H&r block online However, you can take a nonbusiness bad debt deduction for any amount of loss that is more than the estimated amount you deducted as a casualty or ordinary loss. H&r block online Once you make this choice, you cannot change it without permission from the Internal Revenue Service. H&r block online   If you claim an ordinary loss, report it as a miscellaneous itemized deduction on Schedule A (Form 1040), line 23. H&r block online The maximum amount you can claim is $20,000 ($10,000 if you are married filing separately) reduced by any expected state insurance proceeds. H&r block online Your loss is subject to the 2%-of-adjusted-gross-income limit. H&r block online You cannot choose to claim an ordinary loss if any part of the deposit is federally insured. H&r block online Nonbusiness bad debt. H&r block online   If you do not choose to deduct the loss as a casualty loss or as an ordinary loss, you must wait until the year the actual loss is determined and deduct the loss as a nonbusiness bad debt in that year. H&r block online How to report. H&r block online   The kind of deduction you choose for your loss on deposits determines how you report your loss. H&r block online If you choose: Casualty loss — report it on Form 4684 first and then on Schedule A (Form 1040). H&r block online Ordinary loss — report it on Schedule A (Form 1040) as a miscellaneous itemized deduction. H&r block online Nonbusiness bad debt — report it on Form 8949 first and then on Schedule D (Form 1040). H&r block online More information. H&r block online   For more information, see Special Treatment for Losses on Deposits in Insolvent or Bankrupt Financial Institutions in the Instructions for Form 4684 or Deposit in Insolvent or Bankrupt Financial Institution in Publication 550. H&r block online Proof of Loss To deduct a casualty or theft loss, you must be able to prove that you had a casualty or theft. H&r block online You also must be able to support the amount you take as a deduction. H&r block online Casualty loss proof. H&r block online   For a casualty loss, your records should show all the following. H&r block online The type of casualty (car accident, fire, storm, etc. H&r block online ) and when it occurred. H&r block online That the loss was a direct result of the casualty. H&r block online That you were the owner of the property or, if you leased the property from someone else, that you were contractually liable to the owner for the damage. H&r block online Whether a claim for reimbursement exists for which there is a reasonable expectation of recovery. H&r block online Theft loss proof. H&r block online   For a theft loss, your records should show all the following. H&r block online When you discovered that your property was missing. H&r block online That your property was stolen. H&r block online That you were the owner of the property. H&r block online Whether a claim for reimbursement exists for which there is a reasonable expectation of recovery. H&r block online It is important that you have records that will prove your deduction. H&r block online If you do not have the actual records to support your deduction, you can use other satisfactory evidence to support it. H&r block online Figuring a Loss Figure the amount of your loss using the following steps. H&r block online Determine your adjusted basis in the property before the casualty or theft. H&r block online Determine the decrease in fair market value of the property as a result of the casualty or theft. H&r block online From the smaller of the amounts you determined in (1) and (2), subtract any insurance or other reimbursement you received or expect to receive. H&r block online For personal-use property and property used in performing services as an employee, apply the deduction limits, discussed later, to determine the amount of your deductible loss. H&r block online Gain from reimbursement. H&r block online   If your reimbursement is more than your adjusted basis in the property, you have a gain. H&r block online This is true even if the decrease in the FMV of the property is smaller than your adjusted basis. H&r block online If you have a gain, you may have to pay tax on it, or you may be able to postpone reporting the gain. H&r block online See Publication 547 for more information on how to treat a gain from a reimbursement for a casualty or theft. H&r block online Leased property. H&r block online   If you are liable for casualty damage to property you lease, your loss is the amount you must pay to repair the property minus any insurance or other reimbursement you receive or expect to receive. H&r block online Decrease in Fair Market Value Fair market value (FMV) is the price for which you could sell your property to a willing buyer when neither of you has to sell or buy and both of you know all the relevant facts. H&r block online The decrease in FMV used to figure the amount of a casualty or theft loss is the difference between the property's fair market value immediately before and immediately after the casualty or theft. H&r block online FMV of stolen property. H&r block online   The FMV of property immediately after a theft is considered to be zero, since you no longer have the property. H&r block online Example. H&r block online Several years ago, you purchased silver dollars at face value for $150. H&r block online This is your adjusted basis in the property. H&r block online Your silver dollars were stolen this year. H&r block online The FMV of the coins was $1,000 just before they were stolen, and insurance did not cover them. H&r block online Your theft loss is $150. H&r block online Recovered stolen property. H&r block online   Recovered stolen property is your property that was stolen and later returned to you. H&r block online If you recovered property after you had already taken a theft loss deduction, you must refigure your loss using the smaller of the property's adjusted basis (explained later) or the decrease in FMV from the time just before it was stolen until the time it was recovered. H&r block online Use this amount to refigure your total loss for the year in which the loss was deducted. H&r block online   If your refigured loss is less than the loss you deducted, you generally have to report the difference as income in the recovery year. H&r block online But report the difference only up to the amount of the loss that reduced your tax. H&r block online For more information on the amount to report, see Recoveries in chapter 12. H&r block online Figuring Decrease in FMV— Items To Consider To figure the decrease in FMV because of a casualty or theft, you generally need a competent appraisal. H&r block online However, other measures can also be used to establish certain decreases. H&r block online Appraisal. H&r block online   An appraisal to determine the difference between the FMV of the property immediately before a casualty or theft and immediately afterward should be made by a competent appraiser. H&r block online The appraiser must recognize the effects of any general market decline that may occur along with the casualty. H&r block online This information is needed to limit any deduction to the actual loss resulting from damage to the property. H&r block online   Several factors are important in evaluating the accuracy of an appraisal, including the following. H&r block online The appraiser's familiarity with your property before and after the casualty or theft. H&r block online The appraiser's knowledge of sales of comparable property in the area. H&r block online The appraiser's knowledge of conditions in the area of the casualty. H&r block online The appraiser's method of appraisal. H&r block online    You may be able to use an appraisal that you used to get a federal loan (or a federal loan guarantee) as the result of a federally declared disaster to establish the amount of your disaster loss. H&r block online For more information on disasters, see Disaster Area Losses, in Pub. H&r block online 547. H&r block online Cost of cleaning up or making repairs. H&r block online   The cost of repairing damaged property is not part of a casualty loss. H&r block online Neither is the cost of cleaning up after a casualty. H&r block online But you can use the cost of cleaning up or making repairs after a casualty as a measure of the decrease in FMV if you meet all the following conditions. H&r block online The repairs are actually made. H&r block online The repairs are necessary to bring the property back to its condition before the casualty. H&r block online The amount spent for repairs is not excessive. H&r block online The repairs take care of the damage only. H&r block online The value of the property after the repairs is not, due to the repairs, more than the value of the property before the casualty. H&r block online Landscaping. H&r block online   The cost of restoring landscaping to its original condition after a casualty may indicate the decrease in FMV. H&r block online You may be able to measure your loss by what you spend on the following. H&r block online Removing destroyed or damaged trees and shrubs minus any salvage you receive. H&r block online Pruning and other measures taken to preserve damaged trees and shrubs. H&r block online Replanting necessary to restore the property to its approximate value before the casualty. H&r block online Car value. H&r block online    Books issued by various automobile organizations that list your car may be useful in figuring the value of your car. H&r block online You can use the book's retail values and modify them by such factors as mileage and the condition of your car to figure its value. H&r block online The prices are not official, but they may be useful in determining value and suggesting relative prices for comparison with current sales and offerings in your area. H&r block online If your car is not listed in the books, determine its value from other sources. H&r block online A dealer's offer for your car as a trade-in on a new car is not usually a measure of its true value. H&r block online Figuring Decrease in FMV— Items Not To Consider You generally should not consider the following items when attempting to establish the decrease in FMV of your property. H&r block online Cost of protection. H&r block online   The cost of protecting your property against a casualty or theft is not part of a casualty or theft loss. H&r block online The amount you spend on insurance or to board up your house against a storm is not part of your loss. H&r block online   If you make permanent improvements to your property to protect it against a casualty or theft, add the cost of these improvements to your basis in the property. H&r block online An example would be the cost of a dike to prevent flooding. H&r block online Exception. H&r block online   You cannot increase your basis in the property by, or deduct as a business expense, any expenditures you made with respect to qualified disaster mitigation payments. H&r block online See Disaster Area Losses in Publication 547. H&r block online Incidental expenses. H&r block online   Any incidental expenses you have due to a casualty or theft, such as expenses for the treatment of personal injuries, for temporary housing, or for a rental car, are not part of your casualty or theft loss. H&r block online Replacement cost. H&r block online   The cost of replacing stolen or destroyed property is not part of a casualty or theft loss. H&r block online Sentimental value. H&r block online   Do not consider sentimental value when determining your loss. H&r block online If a family portrait, heirloom, or keepsake is damaged, destroyed, or stolen, you must base your loss on its FMV, as limited by your adjusted basis in the property. H&r block online Decline in market value of property in or near casualty area. H&r block online   A decrease in the value of your property because it is in or near an area that suffered a casualty, or that might again suffer a casualty, is not to be taken into consideration. H&r block online You have a loss only for actual casualty damage to your property. H&r block online However, if your home is in a federally declared disaster area, see Disaster Area Losses in Publication 547. H&r block online Costs of photographs and appraisals. H&r block online    Photographs taken after a casualty will be helpful in establishing the condition and value of the property after it was damaged. H&r block online Photographs showing the condition of the property after it was repaired, restored, or replaced may also be helpful. H&r block online    Appraisals are used to figure the decrease in FMV because of a casualty or theft. H&r block online See Appraisal , earlier, under Figuring Decrease in FMV — Items To Consider, for information about appraisals. H&r block online   The costs of photographs and appraisals used as evidence of the value and condition of property damaged as a result of a casualty are not a part of the loss. H&r block online You can claim these costs as a miscellaneous itemized deduction subject to the 2%-of-adjusted-gross-income limit on Schedule A (Form 1040). H&r block online For information about miscellaneous deductions, see chapter 28. H&r block online Adjusted Basis Adjusted basis is your basis in the property (usually cost) increased or decreased by various events, such as improvements and casualty losses. H&r block online For more information, see chapter 13. H&r block online Insurance and Other Reimbursements If you receive an insurance payment or other type of reimbursement, you must subtract the reimbursement when you figure your loss. H&r block online You do not have a casualty or theft loss to the extent you are reimbursed. H&r block online If you expect to be reimbursed for part or all of your loss, you must subtract the expected reimbursement when you figure your loss. H&r block online You must reduce your loss even if you do not receive payment until a later tax year. H&r block online See Reimbursement Received After Deducting Loss , later. H&r block online Failure to file a claim for reimbursement. H&r block online   If your property is covered by insurance, you must file a timely insurance claim for reimbursement of your loss. H&r block online Otherwise, you cannot deduct this loss as a casualty or theft loss. H&r block online However, this rule does not apply to the portion of the loss not covered by insurance (for example, a deductible). H&r block online Example. H&r block online You have a car insurance policy with a $1,000 deductible. H&r block online Because your insurance did not cover the first $1,000 of an auto collision, the $1,000 would be deductible (subject to the deduction limits discussed later). H&r block online This is true even if you do not file an insurance claim, because your insurance policy would never have reimbursed you for the deductible. H&r block online Types of Reimbursements The most common type of reimbursement is an insurance payment for your stolen or damaged property. H&r block online Other types of reimbursements are discussed next. H&r block online Also see the Instructions for Form 4684. H&r block online Employer's emergency disaster fund. H&r block online   If you receive money from your employer's emergency disaster fund and you must use that money to rehabilitate or replace property on which you are claiming a casualty loss deduction, you must take that money into consideration in computing the casualty loss deduction. H&r block online Take into consideration only the amount you used to replace your destroyed or damaged property. H&r block online Example. H&r block online Your home was extensively damaged by a tornado. H&r block online Your loss after reimbursement from your insurance company was $10,000. H&r block online Your employer set up a disaster relief fund for its employees. H&r block online Employees receiving money from the fund had to use it to rehabilitate or replace their damaged or destroyed property. H&r block online You received $4,000 from the fund and spent the entire amount on repairs to your home. H&r block online In figuring your casualty loss, you must reduce your unreimbursed loss ($10,000) by the $4,000 you received from your employer's fund. H&r block online Your casualty loss before applying the deduction limits discussed later is $6,000. H&r block online Cash gifts. H&r block online   If you receive excludable cash gifts as a disaster victim and there are no limits on how you can use the money, you do not reduce your casualty loss by these excludable cash gifts. H&r block online This applies even if you use the money to pay for repairs to property damaged in the disaster. H&r block online Example. H&r block online Your home was damaged by a hurricane. H&r block online Relatives and neighbors made cash gifts to you that were excludable from your income. H&r block online You used part of the cash gifts to pay for repairs to your home. H&r block online There were no limits or restrictions on how you could use the cash gifts. H&r block online Because it was an excludable gift, the money you received and used to pay for repairs to your home does not reduce your casualty loss on the damaged home. H&r block online Insurance payments for living expenses. H&r block online   You do not reduce your casualty loss by insurance payments you receive to cover living expenses in either of the following situations. H&r block online You lose the use of your main home because of a casualty. H&r block online Government authorities do not allow you access to your main home because of a casualty or threat of one. H&r block online Inclusion in income. H&r block online   If these insurance payments are more than the temporary increase in your living expenses, you must include the excess in your income. H&r block online Report this amount on Form 1040, line 21. H&r block online However, if the casualty occurs in a federally declared disaster area, none of the insurance payments are taxable. H&r block online See Qualified disaster relief payments, under Disaster Area Losses in Publication 547. H&r block online   A temporary increase in your living expenses is the difference between the actual living expenses you and your family incurred during the period you could not use your home and your normal living expenses for that period. H&r block online Actual living expenses are the reasonable and necessary expenses incurred because of the loss of your main home. H&r block online Generally, these expenses include the amounts you pay for the following. H&r block online Rent for suitable housing. H&r block online Transportation. H&r block online Food. H&r block online Utilities. H&r block online Miscellaneous services. H&r block online Normal living expenses consist of these same expenses that you would have incurred but did not because of the casualty or the threat of one. H&r block online Example. H&r block online As a result of a fire, you vacated your apartment for a month and moved to a motel. H&r block online You normally pay $525 a month for rent. H&r block online None was charged for the month the apartment was vacated. H&r block online Your motel rent for this month was $1,200. H&r block online You normally pay $200 a month for food. H&r block online Your food expenses for the month you lived in the motel were $400. H&r block online You received $1,100 from your insurance company to cover your living expenses. H&r block online You determine the payment you must include in income as follows. H&r block online 1) Insurance payment for living expenses $1,100 2) Actual expenses during the month you are unable to use your home because of fire 1,600   3) Normal living expenses 725   4) Temporary increase in living  expenses: Subtract line 3 from line 2 875 5) Amount of payment includible  in income: Subtract line 4  from line 1 $ 225 Tax year of inclusion. H&r block online   You include the taxable part of the insurance payment in income for the year you regain the use of your main home or, if later, for the year you receive the taxable part of the insurance payment. H&r block online Example. H&r block online Your main home was destroyed by a tornado in August 2011. H&r block online You regained use of your home in November 2012. H&r block online The insurance payments you received in 2011 and 2012 were $1,500 more than the temporary increase in your living expenses during those years. H&r block online You include this amount in income on your 2012 Form 1040. H&r block online If, in 2013, you receive further payments to cover the living expenses you had in 2011 and 2012, you must include those payments in income on your 2013 Form 1040. H&r block online Disaster relief. H&r block online   Food, medical supplies, and other forms of assistance you receive do not reduce your casualty loss unless they are replacements for lost or destroyed property. H&r block online Qualified disaster relief payments you receive for expenses you incurred as a result of a federally declared disaster are not taxable income to you. H&r block online For more information, see Disaster Area Losses in Publication 547. H&r block online Disaster unemployment assistance payments are unemployment benefits that are taxable. H&r block online Generally, disaster relief grants and qualified disaster mitigation payments made under the Robert T. H&r block online Stafford Disaster Relief and Emergency Assistance Act or the National Flood Insurance Act (as in effect on April 15, 2005) are not includible in your income. H&r block online See Disaster Area Losses in Publication 547. H&r block online Reimbursement Received After Deducting Loss If you figured your casualty or theft loss using your expected reimbursement, you may have to adjust your tax return for the tax year in which you receive your actual reimbursement. H&r block online This section explains the adjustment you may have to make. H&r block online Actual reimbursement less than expected. H&r block online   If you later receive less reimbursement than you expected, include that difference as a loss with your other losses (if any) on your return for the year in which you can reasonably expect no more reimbursement. H&r block online Example. H&r block online Your personal car had an FMV of $2,000 when it was destroyed in a collision with another car in 2012. H&r block online The accident was due to the negligence of the other driver. H&r block online At the end of 2012, there was a reasonable prospect that the owner of the other car would reimburse you in full. H&r block online You did not have a deductible loss in 2012. H&r block online In January 2013, the court awarded you a judgment of $2,000. H&r block online However, in July it became apparent that you will be unable to collect any amount from the other driver. H&r block online You can deduct the loss in 2013 subject to the limits discussed later. H&r block online Actual reimbursement more than expected. H&r block online   If you later receive more reimbursement than you expected after you claimed a deduction for the loss, you may have to include the extra reimbursement in your income for the year you receive it. H&r block online However, if any part of the original deduction did not reduce your tax for the earlier year, do not include that part of the reimbursement in your income. H&r block online You do not refigure your tax for the year you claimed the deduction. H&r block online For more information, see Recoveries in chapter 12. H&r block online If the total of all the reimbursements you receive is more than your adjusted basis in the destroyed or stolen property, you will have a gain on the casualty or theft. H&r block online If you have already taken a deduction for a loss and you receive the reimbursement in a later year, you may have to include the gain in your income for the later year. H&r block online Include the gain as ordinary income up to the amount of your deduction that reduced your tax for the earlier year. H&r block online See Figuring a Gain in Publication 547 for more information on how to treat a gain from the reimbursement of a casualty or theft. H&r block online Actual reimbursement same as expected. H&r block online   If you receive exactly the reimbursement you expected to receive, you do not have to include any of the reimbursement in your income and you cannot deduct any additional loss. H&r block online Example. H&r block online In December 2013, you had a collision while driving your personal car. H&r block online Repairs to the car cost $950. H&r block online You had $100 deductible collision insurance. H&r block online Your insurance company agreed to reimburse you for the rest of the damage. H&r block online Because you expected a reimbursement from the insurance company, you did not have a casualty loss deduction in 2013. H&r block online Due to the $100 rule (discussed later under Deduction Limits ), you cannot deduct the $100 you paid as the deductible. H&r block online When you receive the $850 from the insurance company in 2014, do not report it as income. H&r block online Single Casualty on Multiple Properties Personal property. H&r block online   Personal property is any property that is not real property. H&r block online If your personal property is stolen or is damaged or destroyed by a casualty, you must figure your loss separately for each item of property. H&r block online Then combine these separate losses to figure the total loss from that casualty or theft. H&r block online Example. H&r block online A fire in your home destroyed an upholstered chair, an oriental rug, and an antique table. H&r block online You did not have fire insurance to cover your loss. H&r block online (This was the only casualty or theft you had during the year. H&r block online ) You paid $750 for the chair and you established that it had an FMV of $500 just before the fire. H&r block online The rug cost $3,000 and had an FMV of $2,500 just before the fire. H&r block online You bought the table at an auction for $100 before discovering it was an antique. H&r block online It had been appraised at $900 before the fire. H&r block online You figure your loss on each of these items as follows:     Chair Rug Table 1) Basis (cost) $750 $3,000 $100 2) FMV before fire $500 $2,500 $900 3) FMV after fire –0– –0– –0– 4) Decrease in FMV $500 $2,500 $900 5) Loss (smaller of (1) or  (4)) $500 $2,500 $100           6) Total loss     $3,100 Real property. H&r block online   In figuring a casualty loss on personal-use real property, treat the entire property (including any improvements, such as buildings, trees, and shrubs) as one item. H&r block online Figure the loss using the smaller of the adjusted basis or the decrease in FMV of the entire property. H&r block online Example. H&r block online You bought your home a few years ago. H&r block online You paid $160,000 ($20,000 for the land and $140,000 for the house). H&r block online You also spent $2,000 for landscaping. H&r block online This year a fire destroyed your home. H&r block online The fire also damaged the shrubbery and trees in your yard. H&r block online The fire was your only casualty or theft loss this year. H&r block online Competent appraisers valued the property as a whole at $200,000 before the fire, but only $30,000 after the fire. H&r block online (The loss to your household furnishings is not shown in this example. H&r block online It would be figured separately on each item, as explained earlier under Personal property . H&r block online ) Shortly after the fire, the insurance company paid you $155,000 for the loss. H&r block online You figure your casualty loss as follows: 1) Adjusted basis of the entire property (land, building, and landscaping) $162,000 2) FMV of entire property before fire $200,000 3) FMV of entire property after fire 30,000 4) Decrease in FMV of entire  property $170,000 5) Loss (smaller of (1) or (4)) $162,000 6) Subtract insurance 155,000 7) Amount of loss after reimbursement $7,000 Deduction Limits After you have figured your casualty or theft loss, you must figure how much of the loss you can deduct. H&r block online If the loss was to property for your personal use or your family's use, there are two limits on the amount you can deduct for your casualty or theft loss. H&r block online You must reduce each casualty or theft loss by $100 ($100 rule). H&r block online You must further reduce the total of all your casualty or theft losses by 10% of your adjusted gross income (10% rule). H&r block online You make these reductions on Form 4684. H&r block online These rules are explained next and Table 25-1 summarizes how to apply the $100 rule and the 10% rule in various situations. H&r block online For more detailed explanations and examples, see Publication 547. H&r block online Table 25-1. H&r block online How To Apply the Deduction Limits for Personal-Use Property   $100 Rule 10% Rule General Application You must reduce each casualty or theft loss by $100 when figuring your deduction. H&r block online Apply this rule after you have figured the amount of your loss. H&r block online You must reduce your total casualty or theft loss by 10% of your adjusted gross income. H&r block online Apply this rule after you reduce each loss by $100 (the $100 rule). H&r block online Single Event Apply this rule only once, even if many pieces of property are affected. H&r block online Apply this rule only once, even if many pieces of property are affected. H&r block online More Than One Event Apply to the loss from each event. H&r block online Apply to the total of all your losses from all events. H&r block online More Than One Person— With Loss From the Same Event (other than a married couple filing jointly) Apply separately to each person. H&r block online Apply separately to each person. H&r block online Married Couple—With Loss From the Same Event Filing Jointly Apply as if you were one person. H&r block online Apply as if you were one person. H&r block online Filing Separately Apply separately to each spouse. H&r block online Apply separately to each spouse. H&r block online More Than One Owner (other than a married couple filing jointly) Apply separately to each owner of jointly owned property. H&r block online Apply separately to each owner of jointly owned property. H&r block online Property used partly for business and partly for personal purposes. H&r block online   When property is used partly for personal purposes and partly for business or income-producing purposes, the casualty or theft loss deduction must be figured separately for the personal-use part and for the business or income-producing part. H&r block online You must figure each loss separately because the $100 rule and the 10% rule apply only to the loss on the personal-use part of the property. H&r block online $100 Rule After you have figured your casualty or theft loss on personal-use property, you must reduce that loss by $100. H&r block online This reduction applies to each total casualty or theft loss. H&r block online It does not matter how many pieces of property are involved in an event. H&r block online Only a single $100 reduction applies. H&r block online Example. H&r block online A hailstorm damages your home and your car. H&r block online Determine the amount of loss, as discussed earlier, for each of these items. H&r block online Since the losses are due to a single event, you combine the losses and reduce the combined amount by $100. H&r block online Single event. H&r block online   Generally, events closely related in origin cause a single casualty. H&r block online It is a single casualty when the damage is from two or more closely related causes, such as wind and flood damage caused by the same storm. H&r block online 10% Rule You must reduce the total of all your casualty or theft losses on personal-use property by 10% of your adjusted gross income. H&r block online Apply this rule after you reduce each loss by $100. H&r block online For more information, see the Form 4684 instructions. H&r block online If you have both gains and losses from casualties or thefts, see Gains and losses , later in this discussion. H&r block online Example 1. H&r block online In June, you discovered that your house had been burglarized. H&r block online Your loss after insurance reimbursement was $2,000. H&r block online Your adjusted gross income for the year you discovered the theft is $29,500. H&r block online You first apply the $100 rule and then the 10% rule. H&r block online Figure your theft loss deduction as follows. H&r block online 1) Loss after insurance $2,000 2) Subtract $100 100 3) Loss after $100 rule $1,900 4) Subtract 10% × $29,500 AGI 2,950 5) Theft loss deduction –0– You do not have a theft loss deduction because your loss after you apply the $100 rule ($1,900) is less than 10% of your adjusted gross income ($2,950). H&r block online Example 2. H&r block online In March, you had a car accident that totally destroyed your car. H&r block online You did not have collision insurance on your car, so you did not receive any insurance reimbursement. H&r block online Your loss on the car was $1,800. H&r block online In November, a fire damaged your basement and totally destroyed the furniture, washer, dryer, and other items stored there. H&r block online Your loss on the basement items after reimbursement was $2,100. H&r block online Your adjusted gross income for the year that the accident and fire occurred is $25,000. H&r block online You figure your casualty loss deduction as follows. H&r block online       Base-     Car ment 1) Loss $1,800 $2,100 2) Subtract $100 per incident 100 100 3) Loss after $100 rule $1,700 $2,000 4) Total loss $3,700 5) Subtract 10% × $25,000 AGI 2,500 6) Casualty loss deduction $1,200 Gains and losses. H&r block online   If you had both gains and losses from casualties or thefts to personal-use property, you must compare your total gains to your total losses. H&r block online Do this after you have reduced each loss by any reimbursements and by $100, but before you have reduced the losses by 10% of your adjusted gross income. H&r block online Casualty or theft gains do not include gains you choose to postpone. H&r block online See Publication 547 for information on the postponement of gain. H&r block online Losses more than gains. H&r block online   If your losses are more than your recognized gains, subtract your gains from your losses and reduce the result by 10% of your adjusted gross income. H&r block online The rest, if any, is your deductible loss from personal-use property. H&r block online Gains more than losses. H&r block online   If your recognized gains are more than your losses, subtract your losses from your gains. H&r block online The difference is treated as capital gain and must be reported on Schedule D (Form 1040). H&r block online The 10% rule does not apply to your gains. H&r block online When To Report Gains and Losses Gains. H&r block online   If you receive an insurance or other reimbursement that is more than your adjusted basis in the destroyed or stolen property, you have a gain from the casualty or theft. H&r block online You must include this gain in your income in the year you receive the reimbursement, unless you choose to postpone reporting the gain as explained in Publication 547. H&r block online If you have a loss, see Table 25-2 . H&r block online Table 25-2. H&r block online When To Deduct a Loss IF you have a loss. H&r block online . H&r block online . H&r block online THEN deduct it in the year. H&r block online . H&r block online . H&r block online from a casualty, the loss occurred. H&r block online in a federally declared disaster area, the disaster occurred or the year immediately before the disaster. H&r block online from a theft, the theft was discovered. H&r block online on a deposit treated as a:   • casualty or any ordinary loss, a reasonable estimate can be made. H&r block online • bad debt, deposits are totally worthless. H&r block online Losses. H&r block online   Generally, you can deduct a casualty loss that is not reimbursable only in the tax year in which the casualty occurred. H&r block online This is true even if you do not repair or replace the damaged property until a later year. H&r block online   You can deduct theft losses that are not reimbursable only in the year you discover your property was stolen. H&r block online   If you are not sure whether part of your casualty or theft loss will be reimbursed, do not deduct that part until the tax year when you become reasonably certain that it will not be reimbursed. H&r block online Loss on deposits. H&r block online   If your loss is a loss on deposits in an insolvent or bankrupt financial institution, see Loss on Deposits , earlier. H&r block online Disaster Area Loss You generally must deduct a casualty loss in the year it occurred. H&r block online However, if you have a casualty loss from a federally declared disaster that occurred in an area warranting public or individual assistance (or both), you can choose to deduct the loss on your tax return or amended return for either of the following years. H&r block online The year the disaster occurred. H&r block online The year immediately preceding the year the disaster occurred. H&r block online Gains. H&r block online    Special rules apply if you choose to postpone reporting gain on property damaged or destroyed in a federally declared disaster area. H&r block online For those special rules, see Publication 547. H&r block online Postponed tax deadlines. H&r block online   The IRS may postpone for up to 1 year certain tax deadlines of taxpayers who are affected by a federally declared disaster. H&r block online The tax deadlines the IRS may postpone include those for filing income and employment tax returns, paying income and employment taxes, and making contributions to a traditional IRA or Roth IRA. H&r block online   If any tax deadline is postponed, the IRS will publicize the postponement in your area by publishing a news release, revenue ruling, revenue procedure, notice, announcement, or other guidance in the Internal Revenue Bulletin (IRB). H&r block online Go to www. H&r block online irs. H&r block online gov/uac/Tax-Relief-in-Disaster-Situations to find out if a tax deadline has been postponed for your area. H&r block online Who is eligible. H&r block online   If the IRS postpones a tax deadline, the following taxpayers are eligible for the postponement. H&r block online Any individual whose main home is located in a covered disaster area (defined next). H&r block online Any business entity or sole proprietor whose principal place of business is located in a covered disaster area. H&r block online Any individual who is a relief worker affiliated with a recognized government or philanthropic organization who is assisting in a covered disaster area. H&r block online Any individual, business entity, or sole proprietorship whose records are needed to meet a postponed tax deadline, provided those records are maintained in a covered disaster area. H&r block online The main home or principal place of business does not have to be located in the covered disaster area. H&r block online Any estate or trust that has tax records necessary to meet a postponed tax deadline, provided those records are maintained in a covered disaster area. H&r block online The spouse on a joint return with a taxpayer who is eligible for postponements. H&r block online Any individual, business entity, or sole proprietorship not located in a covered disaster area, but whose records necessary to meet a postponed tax deadline are located in the covered disaster area. H&r block online Any individual visiting the covered disaster area who was killed or injured as a result of the disaster. H&r block online Any other person determined by the IRS to be affected by a federally declared disaster. H&r block online Covered disaster area. H&r block online   This is an area of a federally declared disaster in which the IRS has decided to postpone tax deadlines for up to 1 year. H&r block online Abatement of interest and penalties. H&r block online   The IRS may abate the interest and penalties on underpaid income tax for the length of any postponement of tax deadlines. H&r block online More information. H&r block online   For more information, see Disaster Area Losses in Publication 547. H&r block online How To Report Gains and Losses Use Form 4684 to report a gain or a deductible loss from a casualty or theft. H&r block online If you have more than one casualty or theft, use a separate Form 4684 to determine your gain or loss for each event. H&r block online Combine the gains and losses on one Form 4684. H&r block online Follow the form instructions as to which lines to fill out. H&r block online In addition, you must use the appropriate schedule to report a gain or loss. H&r block online The schedule you use depends on whether you have a gain or loss. H&r block online If you have a: Report it on: Gain Schedule D (Form 1040) Loss Schedule A (Form 1040) Adjustments to basis. H&r block online   If you have a casualty or theft loss, you must decrease your basis in the property by any insurance or other reimbursement you receive, and by any deductible loss. H&r block online Amounts you spend to restore your property after a casualty increase your adjusted basis. H&r block online See Adjusted Basis in chapter 13 for more information. H&r block online Net operating loss (NOL). H&r block online    If your casualty or theft loss deduction causes your deductions for the year to be more than your income for the year, you may have an NOL. H&r block online You can use an NOL to lower your tax in an earlier year, allowing you to get a refund for tax you have already paid. H&r block online Or, you can use it to lower your tax in a later year. H&r block online You do not have to be in business to have an NOL from a casualty or theft loss. H&r block online For more information, see Publication 536, Net Operating Losses (NOLs) for Individuals, Estates, and Trusts. H&r block online Prev  Up  Next   Home   More Online Publications