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How Can I File My 2012 Taxes

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How Can I File My 2012 Taxes

How can i file my 2012 taxes 9. How can i file my 2012 taxes   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. How can i file my 2012 taxes Depreciation RecaptureSection 1245 Property Section 1250 Property Installment Sale Other Dispositions Other GainsExceptions. How can i file my 2012 taxes Amount to report as ordinary income. How can i file my 2012 taxes Applicable percentage. How can i file my 2012 taxes Amount to report as ordinary income. How can i file my 2012 taxes Applicable percentage. How can i file my 2012 taxes 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. How can i file my 2012 taxes 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. How can i file my 2012 taxes Any gain remaining after applying the depreciation recapture rules is a section 1231 gain, which may be taxed as a capital gain. How can i file my 2012 taxes Gains and losses from property used in farming are reported on Form 4797, Sales of Business Property. How can i file my 2012 taxes 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. How can i file my 2012 taxes 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. How can i file my 2012 taxes Section 1231 Gains and Losses Section 1231 gains and losses are the taxable gains and losses from section 1231 transactions (explained below). How can i file my 2012 taxes 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. How can i file my 2012 taxes Table 9-1. How can i file my 2012 taxes 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. How can i file my 2012 taxes Held 24 mos. How can i file my 2012 taxes  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. How can i file my 2012 taxes Held 12 mos. How can i file my 2012 taxes   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). How can i file my 2012 taxes Do not take that gain into account as section 1231 gain. How can i file my 2012 taxes Section 1231 transactions. How can i file my 2012 taxes   Gain or loss on the following transactions is subject to section 1231 treatment. How can i file my 2012 taxes Sale or exchange of cattle and horses. How can i file my 2012 taxes The cattle and horses must be held for draft, breeding, dairy, or sporting purposes and held for 24 months or longer. How can i file my 2012 taxes Sale or exchange of other livestock. How can i file my 2012 taxes This livestock must be held for draft, breeding, dairy, or sporting purposes and held for 12 months or longer. How can i file my 2012 taxes Other livestock includes hogs, mules, sheep, goats, donkeys, and other fur-bearing animals. How can i file my 2012 taxes Other livestock does not include poultry. How can i file my 2012 taxes Sale or exchange of depreciable personal property. How can i file my 2012 taxes This property must be used in your business and held longer than 1 year. How can i file my 2012 taxes Generally, property held for the production of rents or royalties is considered to be used in a trade or business. How can i file my 2012 taxes Examples of depreciable personal property include farm machinery and trucks. How can i file my 2012 taxes It also includes amortizable section 197 intangibles. How can i file my 2012 taxes Sale or exchange of real estate. How can i file my 2012 taxes This property must be used in your business and held longer than 1 year. How can i file my 2012 taxes Examples are your farm or ranch (including barns and sheds). How can i file my 2012 taxes Sale or exchange of unharvested crops. How can i file my 2012 taxes 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. How can i file my 2012 taxes 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). How can i file my 2012 taxes Growing crops sold with a leasehold on the land, even if sold to the same person in a single transaction, are not included. How can i file my 2012 taxes Distributive share of partnership gains and losses. How can i file my 2012 taxes 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). How can i file my 2012 taxes Cutting or disposal of timber. How can i file my 2012 taxes 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 . How can i file my 2012 taxes Condemnation. How can i file my 2012 taxes The condemned property (defined in chapter 11) must have been held longer than 1 year. How can i file my 2012 taxes 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. How can i file my 2012 taxes It cannot be property held for personal use. How can i file my 2012 taxes Casualty or theft. How can i file my 2012 taxes 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). How can i file my 2012 taxes You must have held the property longer than 1 year. How can i file my 2012 taxes 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. How can i file my 2012 taxes Section 1231 does not apply to personal casualty gains and losses. How can i file my 2012 taxes See chapter 11 for information on how to treat those gains and losses. How can i file my 2012 taxes 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. How can i file my 2012 taxes See Table 9-1. How can i file my 2012 taxes Property for sale to customers. How can i file my 2012 taxes   A sale, exchange, or involuntary conversion of property held mainly for sale to customers is not a section 1231 transaction. How can i file my 2012 taxes 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. How can i file my 2012 taxes Treatment as ordinary or capital. How can i file my 2012 taxes   To determine the treatment of section 1231 gains and losses, combine all of your section 1231 gains and losses for the year. How can i file my 2012 taxes If you have a net section 1231 loss, it is an ordinary loss. How can i file my 2012 taxes If you have a net section 1231 gain, it is ordinary income up to your nonrecaptured section 1231 losses from previous years, explained next. How can i file my 2012 taxes The rest, if any, is long-term capital gain. How can i file my 2012 taxes Nonrecaptured section 1231 losses. How can i file my 2012 taxes   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. How can i file my 2012 taxes These losses are applied against your net section 1231 gain beginning with the earliest loss in the 5-year period. How can i file my 2012 taxes Example. How can i file my 2012 taxes In 2013, Ben has a $2,000 net section 1231 gain. How can i file my 2012 taxes 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. How can i file my 2012 taxes From 2008 through 2012 he had the following section 1231 gains and losses. How can i file my 2012 taxes 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. How can i file my 2012 taxes 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. How can i file my 2012 taxes 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. How can i file my 2012 taxes 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. How can i file my 2012 taxes For more information, see chapter 3 of Publication 544. How can i file my 2012 taxes 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. How can i file my 2012 taxes Any recognized gain that is more than the part that is ordinary income is a section 1231 gain. How can i file my 2012 taxes See Treatment as ordinary or capital under Section 1231 Gains and Losses , earlier. How can i file my 2012 taxes 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. How can i file my 2012 taxes Personal property (either tangible or intangible). How can i file my 2012 taxes Other tangible property (except buildings and their structural components) used as any of the following. How can i file my 2012 taxes See Buildings and structural components below. How can i file my 2012 taxes An integral part of manufacturing, production, or extraction, or of furnishing certain services. How can i file my 2012 taxes A research facility in any of the activities in (a). How can i file my 2012 taxes A facility in any of the activities in (a) above, for the bulk storage of fungible commodities (discussed later). How can i file my 2012 taxes That part of real property (not included in (2)) with an adjusted basis reduced by (but not limited to) the following. How can i file my 2012 taxes Amortization of certified pollution control facilities. How can i file my 2012 taxes The section 179 expense deduction. How can i file my 2012 taxes Deduction for clean-fuel vehicles and certain refueling property. How can i file my 2012 taxes Expenditures to remove architectural and transportation barriers to the handicapped and elderly. How can i file my 2012 taxes Certain reforestation expenditures (as described under Reforestation Costs in chapter 7. How can i file my 2012 taxes Single purpose agricultural (livestock) or horticultural structures. How can i file my 2012 taxes Storage facilities (except buildings and their structural components) used in distributing petroleum or any primary product of petroleum. How can i file my 2012 taxes Buildings and structural components. How can i file my 2012 taxes   Section 1245 property does not include buildings and structural components. How can i file my 2012 taxes The term building includes a house, barn, warehouse, or garage. How can i file my 2012 taxes The term structural component includes walls, floors, windows, doors, central air conditioning systems, light fixtures, etc. How can i file my 2012 taxes   Do not treat a structure that is essentially machinery or equipment as a building or structural component. How can i file my 2012 taxes 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. How can i file my 2012 taxes   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. How can i file my 2012 taxes Structures such as oil and gas storage tanks, grain storage bins, and silos are not treated as buildings, but as section 1245 property. How can i file my 2012 taxes Facility for bulk storage of fungible commodities. How can i file my 2012 taxes   This is a facility used mainly for the bulk storage of fungible commodities. How can i file my 2012 taxes Bulk storage means storage of a commodity in a large mass before it is used. How can i file my 2012 taxes For example, if a facility is used to store oranges that have been sorted and boxed, it is not used for bulk storage. How can i file my 2012 taxes To be fungible, a commodity must be such that one part may be used in place of another. How can i file my 2012 taxes 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. How can i file my 2012 taxes The depreciation (which includes any section 179 deduction claimed) and amortization allowed or allowable on the property. How can i file my 2012 taxes The gain realized on the disposition (the amount realized from the disposition minus the adjusted basis of the property). How can i file my 2012 taxes 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. How can i file my 2012 taxes For details, see chapter 3 of Publication 544. How can i file my 2012 taxes Use Part III of Form 4797 to figure the ordinary income part of the gain. How can i file my 2012 taxes Depreciation claimed on other property or claimed by other taxpayers. How can i file my 2012 taxes   Depreciation and amortization include the amounts you claimed on the section 1245 property as well as the following depreciation and amortization amounts. How can i file my 2012 taxes Amounts you claimed on property you exchanged for, or converted to, your section 1245 property in a like-kind exchange or involuntary conversion. How can i file my 2012 taxes For details on exchanges of property that are not taxable, see Like-Kind Exchanges in chapter 8. How can i file my 2012 taxes 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). How can i file my 2012 taxes Example. How can i file my 2012 taxes Jeff Free paid $120,000 for a tractor in 2012. How can i file my 2012 taxes On February 23, 2013, he traded it for a chopper and paid an additional $30,000. How can i file my 2012 taxes 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. How can i file my 2012 taxes Jeff can also depreciate the additional $30,000 for the chopper. How can i file my 2012 taxes Depreciation and amortization. How can i file my 2012 taxes   Depreciation and amortization deductions that must be recaptured as ordinary income include (but are not limited to) the following items. How can i file my 2012 taxes See Depreciation Recapture in chapter 3 of Publication 544 for more details. How can i file my 2012 taxes Ordinary depreciation deductions. How can i file my 2012 taxes Section 179 deduction (see chapter 7). How can i file my 2012 taxes Any special depreciation allowance. How can i file my 2012 taxes Amortization deductions for all the following costs. How can i file my 2012 taxes Acquiring a lease. How can i file my 2012 taxes Lessee improvements. How can i file my 2012 taxes Pollution control facilities. How can i file my 2012 taxes Reforestation expenses. How can i file my 2012 taxes Section 197 intangibles. How can i file my 2012 taxes Qualified disaster expenses. How can i file my 2012 taxes Franchises, trademarks, and trade names acquired before August 11, 1993. How can i file my 2012 taxes Example. How can i file my 2012 taxes You file your returns on a calendar year basis. How can i file my 2012 taxes 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. How can i file my 2012 taxes You used the half-year convention and your MACRS deductions for the truck were $1,500 in 2011 and $2,550 in 2012. How can i file my 2012 taxes You did not claim the section 179 expense deduction for the truck. How can i file my 2012 taxes You sold it in May 2013 for $7,000. How can i file my 2012 taxes The MACRS deduction in 2013, the year of sale, is $893 (½ of $1,785). How can i file my 2012 taxes Figure the gain treated as ordinary income as follows. How can i file my 2012 taxes 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. How can i file my 2012 taxes   You generally use the greater of the depreciation allowed or allowable when figuring the part of gain to report as ordinary income. How can i file my 2012 taxes 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. How can i file my 2012 taxes 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. How can i file my 2012 taxes This treatment applies only when figuring what part of the gain is treated as ordinary income under the rules for section 1245 depreciation recapture. How can i file my 2012 taxes Disposition of plants and animals. How can i file my 2012 taxes   If you elect not to use the uniform capitalization rules (see chapter 6), you must treat any plant you produce as section 1245 property. How can i file my 2012 taxes 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. How can i file my 2012 taxes For section 1231 transactions, show these expenses as depreciation on Form 4797, Part III, line 22. How can i file my 2012 taxes 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. How can i file my 2012 taxes You can use the farm-price method or the unit-livestock-price method discussed in  chapter 2 to figure these expenses. How can i file my 2012 taxes Example. How can i file my 2012 taxes Janet Maple sold her apple orchard in 2013 for $80,000. How can i file my 2012 taxes Her adjusted basis at the time of sale was $60,000. How can i file my 2012 taxes She bought the orchard in 2006, but the trees did not produce a crop until 2009. How can i file my 2012 taxes Her pre-productive expenses were $6,000. How can i file my 2012 taxes She elected not to use the uniform capitalization rules. How can i file my 2012 taxes Janet must treat $6,000 of the gain as ordinary income. How can i file my 2012 taxes 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. How can i file my 2012 taxes It includes buildings and structural components that are not section 1245 property (discussed earlier). How can i file my 2012 taxes It includes a leasehold of land or section 1250 property subject to an allowance for depreciation. How can i file my 2012 taxes A fee simple interest in land is not section 1250 property because, like land, it is not depreciable. How can i file my 2012 taxes Gain on the disposition of section 1250 property is treated as ordinary income to the extent of additional depreciation allowed or allowable. How can i file my 2012 taxes To determine the additional depreciation on section 1250 property, see Depreciation Recapture in chapter 3 of Publication 544. How can i file my 2012 taxes You will not have additional depreciation if any of the following apply to the property disposed of. How can i file my 2012 taxes 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. How can i file my 2012 taxes 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. How can i file my 2012 taxes 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. How can i file my 2012 taxes These properties are depreciated using the straight line method. How can i file my 2012 taxes 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. How can i file my 2012 taxes This applies even if no payments are received in that year. How can i file my 2012 taxes If the gain is more than the depreciation recapture income, report the rest of the gain using the rules of the installment method. How can i file my 2012 taxes For this purpose, include the recapture income in your installment sale basis to determine your gross profit on the installment sale. How can i file my 2012 taxes 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. How can i file my 2012 taxes To do this, allocate the selling price and the payments you receive in the year of sale to each asset. How can i file my 2012 taxes Report any depreciation recapture income in the year of sale before using the installment method for any remaining gain. How can i file my 2012 taxes For more information on installment sales, see chapter 10. How can i file my 2012 taxes Other Dispositions Chapter 3 of Publication 544 discusses the tax treatment of the following transfers of depreciable property. How can i file my 2012 taxes By gift. How can i file my 2012 taxes At death. How can i file my 2012 taxes In like-kind exchanges. How can i file my 2012 taxes In involuntary conversions. How can i file my 2012 taxes Publication 544 also explains how to handle a single transaction involving multiple properties. How can i file my 2012 taxes Other Gains This section discusses gain on the disposition of farmland for which you were allowed either of the following. How can i file my 2012 taxes Deductions for soil and water conservation expenditures (section 1252 property). How can i file my 2012 taxes Exclusions from income for certain cost sharing payments (section 1255 property). How can i file my 2012 taxes Section 1252 property. How can i file my 2012 taxes   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. How can i file my 2012 taxes Exceptions. How can i file my 2012 taxes   Do not treat gain on the following transactions as gain on section 1252 property. How can i file my 2012 taxes Disposition of farmland by gift. How can i file my 2012 taxes Transfer of farm property at death (except for income in respect of a decedent). How can i file my 2012 taxes For more information, see Regulations section 1. How can i file my 2012 taxes 1252-2. How can i file my 2012 taxes Amount to report as ordinary income. How can i file my 2012 taxes   You report as ordinary income the lesser of the following amounts. How can i file my 2012 taxes 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). How can i file my 2012 taxes The total deductions allowed for soil and water conservation expenses multiplied by the applicable percentage, discussed next. How can i file my 2012 taxes Applicable percentage. How can i file my 2012 taxes   The applicable percentage is based on the length of time you held the land. How can i file my 2012 taxes If you dispose of your farmland within 5 years after the date you acquired it, the percentage is 100%. How can i file my 2012 taxes 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. How can i file my 2012 taxes 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. How can i file my 2012 taxes Example. How can i file my 2012 taxes You acquired farmland on January 19, 2005. How can i file my 2012 taxes On October 3, 2013, you sold the land at a $30,000 gain. How can i file my 2012 taxes 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. How can i file my 2012 taxes The applicable percentage is 40% since you sold the land within the 8th year after you acquired it. How can i file my 2012 taxes 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. How can i file my 2012 taxes Section 1255 property. How can i file my 2012 taxes   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. How can i file my 2012 taxes If you chose not to exclude these payments, you will not have to recognize ordinary income under this provision. How can i file my 2012 taxes Amount to report as ordinary income. How can i file my 2012 taxes   You report as ordinary income the lesser of the following amounts. How can i file my 2012 taxes The applicable percentage of the total excluded cost-sharing payments. How can i file my 2012 taxes The gain on the disposition of the property. How can i file my 2012 taxes 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. How can i file my 2012 taxes However, if applicable, gain reported under this rule must be reported regardless of any contrary provisions (including nonrecognition provisions) under any other section. How can i file my 2012 taxes Applicable percentage. How can i file my 2012 taxes   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. How can i file my 2012 taxes If the property is held less than 10 years after you receive the payments, the percentage is 100%. How can i file my 2012 taxes After 10 years, the percentage is reduced by 10% a year, or part of a year, until the rate is 0%. How can i file my 2012 taxes Form 4797, Part III. How can i file my 2012 taxes   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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Consumer Protection Offices

City, county, regional, and state consumer offices offer a variety of important services. They might mediate complaints, conduct investigations, prosecute offenders of consumer laws, license and regulate professional service providers, provide educational materials and advocate for consumer rights. To save time, call before sending a written complaint. Ask if the office handles the type of complaint you have and if complaint forms are provided.

State Consumer Protection Offices

Hawaii Department of Commerce and Consumer Affairs - Wailuku

Website: Hawaii Department of Commerce and Consumer Affairs - Wailuku

Address: Hawaii Department of Commerce and Consumer Affairs - Wailuku
Office of Consumer Protection
1063 Lower Main St., Suite C-216
Wailuku, HI 96793

Phone Number: 808-243-4648 808-587-3222 (Consumer Resource Center)

Hawaii Department of Commerce and Consumer Affairs- Hilo

Website: Hawaii Department of Commerce and Consumer Affairs- Hilo

Address: Hawaii Department of Commerce and Consumer Affairs- Hilo
Office of Consumer Protection
345 Kekuanaoa St., Suite 12
Hilo, HI 96720

Phone Number: 808-933-0910 808-587-3222 (Consumer Resource Center)

Hawaii Department of Commerce and Consumer Affairs - Honolulu (Main Location)

Website: Hawaii Department of Commerce and Consumer Affairs - Honolulu (Main Location)

Address: Hawaii Department of Commerce and Consumer Affairs - Honolulu (Main Location)
Office of Consumer Protection
Leiopapa A Kamehameha Building
235 S. Beretania St., Suite 801

Honolulu, HI 96813

Phone Number: 808-586-2630 808-587-3222 (Consumer Resource Center)

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Banking Authorities

The officials listed in this section regulate and supervise state-chartered banks. Many of them handle or refer problems and complaints about other types of financial institutions as well. Some also answer general questions about banking and consumer credit. If you are dealing with a federally chartered bank, check Federal Agencies.

Department of Commerce and Consumer Affairs

Website: Department of Commerce and Consumer Affairs

Address: Department of Commerce and Consumer Affairs
Division of Financial Institutions
PO Box 2054
Honolulu, HI 96805

Phone Number: 808-586-2820
808-274-3141 (Kauai) 808-984-2400 (Maui) 808-974-4000 (Hawaii)

Toll-free: 1-800-468-4644

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Insurance Regulators

Each state has its own laws and regulations for each type of insurance. The officials listed in this section enforce these laws. Many of these offices can also provide you with information to help you make informed insurance buying decisions.

Department of Commerce and Consumer Affairs

Website: Department of Commerce and Consumer Affairs

Address: Department of Commerce and Consumer Affairs
Insurance Division
PO Box 3614
Honolulu, HI 96811

Phone Number: 808-586-2790

Toll-free: 1-800-468-4644 (Lanai and Molokai)

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Securities Administrators

Each state has its own laws and regulations for securities brokers and securities - including stocks, mutual funds, commodities, real estate, etc. The officials and agencies listed in this section enforce these laws and regulations. Many of these offices can also provide information to help you make informed investment decisions.

Department of Commerce and Consumer Affairs

Website: Department of Commerce and Consumer Affairs

Address: Department of Commerce and Consumer Affairs
Business Registration Division
Securities Enforcement Branch

PO Box 40
Honolulu, HI 96810

Phone Number: 808-586-2744

Toll-free: 1-877-447-2267

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Utility Commissions

State Utility Commissions regulate services and rates for gas, electricity and telephones within your state. In some states, the utility commissions regulate other services such as water, transportation, and the moving of household goods. Many utility commissions handle consumer complaints. Sometimes, if a number of complaints are received about the same utility matter, they will conduct investigations.

Public Utilities Commission

Website: Public Utilities Commission

Address: Public Utilities Commission
465 S. King St., Room 103
Honolulu, HI 96813

Phone Number: 808-586-2020

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The How Can I File My 2012 Taxes

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