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How To File 1040x Electronically

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How To File 1040x Electronically

How to file 1040x electronically 28. How to file 1040x electronically   Miscellaneous Deductions Table of Contents What's New Introduction Useful Items - You may want to see: Deductions Subject to the 2% LimitUnreimbursed Employee Expenses (Line 21) Tax Preparation Fees (Line 22) Other Expenses (Line 23) Deductions Not Subject to the 2% LimitList of Deductions Nondeductible ExpensesList of Nondeductible Expenses What's New Standard mileage rate. How to file 1040x electronically  The 2013 rate for business use of a vehicle is 56½ cents per mile. How to file 1040x electronically Introduction This chapter explains which expenses you can claim as miscellaneous itemized deductions on Schedule A (Form 1040). How to file 1040x electronically You must reduce the total of most miscellaneous itemized deductions by 2% of your adjusted gross income. How to file 1040x electronically This chapter covers the following topics. How to file 1040x electronically Deductions subject to the 2% limit. How to file 1040x electronically Deductions not subject to the 2% limit. How to file 1040x electronically Expenses you cannot deduct. How to file 1040x electronically You must keep records to verify your deductions. How to file 1040x electronically You should keep receipts, canceled checks, substitute checks, financial account statements, and other documentary evidence. How to file 1040x electronically For more information on recordkeeping, get Publication 552, Record- keeping for Individuals. How to file 1040x electronically Useful Items - You may want to see: Publication 463 Travel, Entertainment, Gift, and Car Expenses 525 Taxable and Nontaxable Income 529 Miscellaneous Deductions 535 Business Expenses 587 Business Use of Your Home (Including Use by Daycare Providers) 946 How To Depreciate Property Form (and Instructions) Schedule A (Form 1040) Itemized Deductions 2106 Employee Business Expenses 2106-EZ Unreimbursed Employee Business Expenses Deductions Subject to the 2% Limit You can deduct certain expenses as miscellaneous itemized deductions on Schedule A (Form 1040). How to file 1040x electronically You can claim the amount of expenses that is more than 2% of your adjusted gross income. How to file 1040x electronically You figure your deduction on Schedule A by subtracting 2% of your adjusted gross income from the total amount of these expenses. How to file 1040x electronically Your adjusted gross income is the amount on Form 1040, line 38. How to file 1040x electronically Generally, you apply the 2% limit after you apply any other deduction limit. How to file 1040x electronically For example, you apply the 50% (or 80%) limit on business-related meals and entertainment (discussed in chapter 26) before you apply the 2% limit. How to file 1040x electronically Deductions subject to the 2% limit are discussed in the three categories in which you report them on Schedule A (Form 1040). How to file 1040x electronically Unreimbursed employee expenses (line 21). How to file 1040x electronically Tax preparation fees (line 22). How to file 1040x electronically Other expenses (line 23). How to file 1040x electronically Unreimbursed Employee Expenses (Line 21) Generally, you can deduct on Schedule A (Form 1040), line 21, unreimbursed employee expenses that are: Paid or incurred during your tax year, For carrying on your trade or business of being an employee, and Ordinary and necessary. How to file 1040x electronically An expense is ordinary if it is common and accepted in your trade, business, or profession. How to file 1040x electronically An expense is necessary if it is appropriate and helpful to your business. How to file 1040x electronically An expense does not have to be required to be considered necessary. How to file 1040x electronically Examples of unreimbursed employee expenses are listed next. How to file 1040x electronically The list is followed by discussions of additional unreimbursed employee expenses. How to file 1040x electronically Business bad debt of an employee. How to file 1040x electronically Education that is work related. How to file 1040x electronically (See chapter 27. How to file 1040x electronically ) Legal fees related to your job. How to file 1040x electronically Licenses and regulatory fees. How to file 1040x electronically Malpractice insurance premiums. How to file 1040x electronically Medical examinations required by an employer. How to file 1040x electronically Occupational taxes. How to file 1040x electronically Passport for a business trip. How to file 1040x electronically Subscriptions to professional journals and trade magazines related to your work. How to file 1040x electronically Travel, transportation, entertainment, and gifts related to your work. How to file 1040x electronically (See chapter 26. How to file 1040x electronically ) Business Liability Insurance You can deduct insurance premiums you paid for protection against personal liability for wrongful acts on the job. How to file 1040x electronically Damages for Breach of Employment Contract If you break an employment contract, you can deduct damages you pay your former employer that are attributable to the pay you received from that employer. How to file 1040x electronically Depreciation on Computers You can claim a depreciation deduction for a computer that you use in your work as an employee if its use is: For the convenience of your employer, and Required as a condition of your employment. How to file 1040x electronically For more information about the rules and exceptions to the rules affecting the allowable deductions for a home computer, see Publication 529. How to file 1040x electronically Dues to Chambers of Commerce and Professional Societies You may be able to deduct dues paid to professional organizations (such as bar associations and medical associations) and to chambers of commerce and similar organizations, if membership helps you carry out the duties of your job. How to file 1040x electronically Similar organizations include: Boards of trade, Business leagues, Civic or public service organizations, Real estate boards, and Trade associations. How to file 1040x electronically Lobbying and political activities. How to file 1040x electronically   You may not be able to deduct that part of your dues that is for certain lobbying and political activities. How to file 1040x electronically See Dues used for lobbying under Nondeductible Expenses, later. How to file 1040x electronically Educator Expenses If you were an eligible educator in 2013, you can deduct up to $250 of qualified expenses you paid in 2013 as an adjustment to gross income on Form 1040, line 23, rather than as a miscellaneous itemized deduction. How to file 1040x electronically If you file Form 1040A, you can deduct these expenses on line 16. How to file 1040x electronically If you and your spouse are filing jointly and both of you were eligible educators, the maximum deduction is $500. How to file 1040x electronically However, neither spouse can deduct more than $250 of his or her qualified expenses. How to file 1040x electronically Home Office If you use a part of your home regularly and exclusively for business purposes, you may be able to deduct a part of the operating expenses and depreciation of your home. How to file 1040x electronically You can claim this deduction for the business use of a part of your home only if you use that part of your home regularly and exclusively: As your principal place of business for any trade or business, As a place to meet or deal with your patients, clients, or customers in the normal course of your trade or business, or In the case of a separate structure not attached to your home, in connection with your trade or business. How to file 1040x electronically The regular and exclusive business use must be for the convenience of your employer and not just appropriate and helpful in your job. How to file 1040x electronically See Publication 587 for more detailed information and a worksheet. How to file 1040x electronically Job Search Expenses You can deduct certain expenses you have in looking for a new job in your present occupation, even if you do not get a new job. How to file 1040x electronically You cannot deduct these expenses if: You are looking for a job in a new occupation, There was a substantial break between the ending of your last job and your looking for a new one, or You are looking for a job for the first time. How to file 1040x electronically Employment and outplacement agency fees. How to file 1040x electronically   You can deduct employment and outplacement agency fees you pay in looking for a new job in your present occupation. How to file 1040x electronically Employer pays you back. How to file 1040x electronically   If, in a later year, your employer pays you back for employment agency fees, you must include the amount you receive in your gross income up to the amount of your tax benefit in the earlier year. How to file 1040x electronically (See Recoveries in chapter 12. How to file 1040x electronically ) Employer pays the employment agency. How to file 1040x electronically   If your employer pays the fees directly to the employment agency and you are not responsible for them, you do not include them in your gross income. How to file 1040x electronically Résumé. How to file 1040x electronically   You can deduct amounts you spend for preparing and mailing copies of a résumé to prospective employers if you are looking for a new job in your present occupation. How to file 1040x electronically Travel and transportation expenses. How to file 1040x electronically   If you travel to an area and, while there, you look for a new job in your present occupation, you may be able to deduct travel expenses to and from the area. How to file 1040x electronically You can deduct the travel expenses if the trip is primarily to look for a new job. How to file 1040x electronically The amount of time you spend on personal activity compared to the amount of time you spend in looking for work is important in determining whether the trip is primarily personal or is primarily to look for a new job. How to file 1040x electronically   Even if you cannot deduct the travel expenses to and from an area, you can deduct the expenses of looking for a new job in your present occupation while in the area. How to file 1040x electronically   You can choose to use the standard mileage rate to figure your car expenses. How to file 1040x electronically The 2013 rate for business use of a vehicle is 56½ cents per mile. How to file 1040x electronically See chapter 26 for more information. How to file 1040x electronically Licenses and Regulatory Fees You can deduct the amount you pay each year to state or local governments for licenses and regulatory fees for your trade, business, or profession. How to file 1040x electronically Occupational Taxes You can deduct an occupational tax charged at a flat rate by a locality for the privilege of working or conducting a business in the locality. How to file 1040x electronically If you are an employee, you can claim occupational taxes only as a miscellaneous deduction subject to the 2% limit; you cannot claim them as a deduction for taxes elsewhere on your return. How to file 1040x electronically Repayment of Income Aid Payment An “income aid payment” is one that is received under an employer's plan to aid employees who lose their jobs because of lack of work. How to file 1040x electronically If you repay a lump-sum income aid payment that you received and included in income in an earlier year, you can deduct the repayment. How to file 1040x electronically Research Expenses of a College Professor If you are a college professor, you can deduct research expenses, including travel expenses, for teaching, lecturing, or writing and publishing on subjects that relate directly to your teaching duties. How to file 1040x electronically You must have undertaken the research as a means of carrying out the duties expected of a professor and without expectation of profit apart from salary. How to file 1040x electronically However, you cannot deduct the cost of travel as a form of education. How to file 1040x electronically Tools Used in Your Work Generally, you can deduct amounts you spend for tools used in your work if the tools wear out and are thrown away within 1 year from the date of purchase. How to file 1040x electronically You can depreciate the cost of tools that have a useful life substantially beyond the tax year. How to file 1040x electronically For more information about depreciation, see Publication 946. How to file 1040x electronically Union Dues and Expenses You can deduct dues and initiation fees you pay for union membership. How to file 1040x electronically You can also deduct assessments for benefit payments to unemployed union members. How to file 1040x electronically However, you cannot deduct the part of the assessments or contributions that provides funds for the payment of sick, accident, or death benefits. How to file 1040x electronically Also, you cannot deduct contributions to a pension fund, even if the union requires you to make the contributions. How to file 1040x electronically You may not be able to deduct amounts you pay to the union that are related to certain lobbying and political activities. How to file 1040x electronically See Lobbying Expenses under Nondeductible Expenses, later. How to file 1040x electronically Work Clothes and Uniforms You can deduct the cost and upkeep of work clothes if the following two requirements are met. How to file 1040x electronically You must wear them as a condition of your employment. How to file 1040x electronically The clothes are not suitable for everyday wear. How to file 1040x electronically It is not enough that you wear distinctive clothing. How to file 1040x electronically The clothing must be specifically required by your employer. How to file 1040x electronically Nor is it enough that you do not, in fact, wear your work clothes away from work. How to file 1040x electronically The clothing must not be suitable for taking the place of your regular clothing. How to file 1040x electronically Examples of workers who may be able to deduct the cost and upkeep of work clothes are: delivery workers, firefighters, health care workers, law enforcement officers, letter carriers, professional athletes, and transportation workers (air, rail, bus, etc. How to file 1040x electronically ). How to file 1040x electronically Musicians and entertainers can deduct the cost of theatrical clothing and accessories that are not suitable for everyday wear. How to file 1040x electronically However, work clothing consisting of white cap, white shirt or white jacket, white bib overalls, and standard work shoes, which a painter is required by his union to wear on the job, is not distinctive in character or in the nature of a uniform. How to file 1040x electronically Similarly, the costs of buying and maintaining blue work clothes worn by a welder at the request of a foreman are not deductible. How to file 1040x electronically Protective clothing. How to file 1040x electronically   You can deduct the cost of protective clothing required in your work, such as safety shoes or boots, safety glasses, hard hats, and work gloves. How to file 1040x electronically   Examples of workers who may be required to wear safety items are: carpenters, cement workers, chemical workers, electricians, fishing boat crew members, machinists, oil field workers, pipe fitters, steamfitters, and truck drivers. How to file 1040x electronically Military uniforms. How to file 1040x electronically   You generally cannot deduct the cost of your uniforms if you are on full-time active duty in the armed forces. How to file 1040x electronically However, if you are an armed forces reservist, you can deduct the unreimbursed cost of your uniform if military regulations restrict you from wearing it except while on duty as a reservist. How to file 1040x electronically In figuring the deduction, you must reduce the cost by any nontaxable allowance you receive for these expenses. How to file 1040x electronically   If local military rules do not allow you to wear fatigue uniforms when you are off duty, you can deduct the amount by which the cost of buying and keeping up these uniforms is more than the uniform allowance you receive. How to file 1040x electronically   You can deduct the cost of your uniforms if you are a civilian faculty or staff member of a military school. How to file 1040x electronically Tax Preparation Fees (Line 22) You can usually deduct tax preparation fees in the year you pay them. How to file 1040x electronically Thus, on your 2013 return, you can deduct fees paid in 2013 for preparing your 2012 return. How to file 1040x electronically These fees include the cost of tax preparation software programs and tax publications. How to file 1040x electronically They also include any fee you paid for electronic filing of your return. How to file 1040x electronically Other Expenses (Line 23) You can deduct certain other expenses as miscellaneous itemized deductions subject to the 2% limit. How to file 1040x electronically On Schedule A (Form 1040), line 23, you can deduct expenses that you pay: To produce or collect income that must be included in your gross income, To manage, conserve, or maintain property held for producing such income, or To determine, contest, pay, or claim a refund of any tax. How to file 1040x electronically You can deduct expenses you pay for the purposes in (1) and (2) above only if they are reasonably and closely related to these purposes. How to file 1040x electronically Some of these other expenses are explained in the following discussions. How to file 1040x electronically If the expenses you pay produce income that is only partially taxable, see Tax-Exempt Income Expenses , later, under Nondeductible Expenses. How to file 1040x electronically Appraisal Fees You can deduct appraisal fees if you pay them to figure a casualty loss or the fair market value of donated property. How to file 1040x electronically Casualty and Theft Losses You can deduct a casualty or theft loss as a miscellaneous itemized deduction subject to the 2% limit if you used the damaged or stolen property in performing services as an employee. How to file 1040x electronically First report the loss in Section B of Form 4684, Casualties and Thefts. How to file 1040x electronically You may also have to include the loss on Form 4797, Sales of Business Property, if you are otherwise required to file that form. How to file 1040x electronically To figure your deduction, add all casualty or theft losses from this type of property included on Form 4684, lines 32 and 38b, or Form 4797, line 18a. How to file 1040x electronically For other casualty and theft losses, see chapter 25. How to file 1040x electronically Clerical Help and Office Rent You can deduct office expenses, such as rent and clerical help, that you have in connection with your investments and collecting the taxable income on them. How to file 1040x electronically Credit or Debit Card Convenience Fees You can deduct the convenience fee charged by the card processor for paying your income tax (including estimated tax payments) by credit or debit card. How to file 1040x electronically The fees are deductible in the year paid. How to file 1040x electronically Depreciation on Home Computer You can deduct depreciation on your home computer if you use it to produce income (for example, to manage your investments that produce taxable income). How to file 1040x electronically You generally must depreciate the computer using the straight line method over the Alternative Depreciation System (ADS) recovery period. How to file 1040x electronically But if you work as an employee and also use the computer in that work, see Publication 946. How to file 1040x electronically Excess Deductions of an Estate If an estate's total deductions in its last tax year are more than its gross income for that year, the beneficiaries succeeding to the estate's property can deduct the excess. How to file 1040x electronically Do not include deductions for the estate's personal exemption and charitable contributions when figuring the estate's total deductions. How to file 1040x electronically The beneficiaries can claim the deduction only for the tax year in which, or with which, the estate terminates, whether the year of termination is a normal year or a short tax year. How to file 1040x electronically For more information, see Termination of Estate in Publication 559, Survivors, Executors, and Administrators. How to file 1040x electronically Fees to Collect Interest and Dividends You can deduct fees you pay to a broker, bank, trustee, or similar agent to collect your taxable bond interest or dividends on shares of stock. How to file 1040x electronically But you cannot deduct a fee you pay to a broker to buy investment property, such as stocks or bonds. How to file 1040x electronically You must add the fee to the cost of the property. How to file 1040x electronically You cannot deduct the fee you pay to a broker to sell securities. How to file 1040x electronically You can use the fee only to figure gain or loss from the sale. How to file 1040x electronically See the Instructions for Form 8949 for information on how to report the fee. How to file 1040x electronically Hobby Expenses You can generally deduct hobby expenses, but only up to the amount of hobby income. How to file 1040x electronically A hobby is not a business because it is not carried on to make a profit. How to file 1040x electronically See Activity not for profit in chapter 12 under Other Income. How to file 1040x electronically Indirect Deductions of Pass-Through Entities Pass-through entities include partnerships, S corporations, and mutual funds that are not publicly offered. How to file 1040x electronically Deductions of pass-through entities are passed through to the partners or shareholders. How to file 1040x electronically The partners or shareholders can deduct their share of passed-through deductions for investment expenses as miscellaneous itemized deductions subject to the 2% limit. How to file 1040x electronically Example. How to file 1040x electronically You are a member of an investment club that is formed solely to invest in securities. How to file 1040x electronically The club is treated as a partnership. How to file 1040x electronically The partnership's income is solely from taxable dividends, interest, and gains from sales of securities. How to file 1040x electronically In this case, you can deduct your share of the partnership's operating expenses as miscellaneous itemized deductions subject to the 2% limit. How to file 1040x electronically However, if the investment club partnership has investments that also produce nontaxable income, you cannot deduct your share of the partnership's expenses that produce the nontaxable income. How to file 1040x electronically Publicly offered mutual funds. How to file 1040x electronically   Publicly offered mutual funds do not pass deductions for investment expenses through to shareholders. How to file 1040x electronically A mutual fund is “publicly offered” if it is: Continuously offered pursuant to a public offering, Regularly traded on an established securities market, or Held by or for at least 500 persons at all times during the tax year. How to file 1040x electronically   A publicly offered mutual fund will send you a Form 1099-DIV, Dividends and Distributions, or a substitute form, showing the net amount of dividend income (gross dividends minus investment expenses). How to file 1040x electronically This net figure is the amount you report on your return as income. How to file 1040x electronically You cannot further deduct investment expenses related to publicly offered mutual funds because they are already included as part of the net income amount. How to file 1040x electronically Information returns. How to file 1040x electronically   You should receive information returns from pass-through entities. How to file 1040x electronically Partnerships and S corporations. How to file 1040x electronically   These entities issue Schedule K-1, which lists the items and amounts you must report and identifies the tax return schedules and lines to use. How to file 1040x electronically Nonpublicly offered mutual funds. How to file 1040x electronically   These funds will send you a Form 1099-DIV, Dividends and Distributions, or a substitute form, showing your share of gross income and investment expenses. How to file 1040x electronically You can claim the expenses only as a miscellaneous itemized deduction subject to the 2% limit. How to file 1040x electronically Investment Fees and Expenses You can deduct investment fees, custodial fees, trust administration fees, and other expenses you paid for managing your investments that produce taxable income. How to file 1040x electronically Legal Expenses You can usually deduct legal expenses that you incur in attempting to produce or collect taxable income or that you pay in connection with the determination, collection, or refund of any tax. How to file 1040x electronically You can also deduct legal expenses that are: Related to either doing or keeping your job, such as those you paid to defend yourself against criminal charges arising out of your trade or business, For tax advice related to a divorce, if the bill specifies how much is for tax advice and it is determined in a reasonable way, or To collect taxable alimony. How to file 1040x electronically You can deduct expenses of resolving tax issues relating to profit or loss from business (Schedule C or C-EZ), rentals or royalties (Schedule E), or farm income and expenses (Schedule F), on the appropriate schedule. How to file 1040x electronically You deduct expenses of resolving nonbusiness tax issues on Schedule A (Form 1040). How to file 1040x electronically See Tax Preparation Fees , earlier. How to file 1040x electronically Loss on Deposits For information on whether, and if so, how, you may deduct a loss on your deposit in a qualified financial institution, see Loss on Deposits in chapter 25. How to file 1040x electronically Repayments of Income If you had to repay an amount that you included in income in an earlier year, you may be able to deduct the amount you repaid. How to file 1040x electronically If the amount you had to repay was ordinary income of $3,000 or less, the deduction is subject to the 2% limit. How to file 1040x electronically If it was more than $3,000, see Repayments Under Claim of Right under Deductions Not Subject to the 2% Limit, later. How to file 1040x electronically Repayments of Social Security Benefits For information on how to deduct your repayments of certain social security benefits, see Repayments More Than Gross Benefits in chapter 11. How to file 1040x electronically Safe Deposit Box Rent You can deduct safe deposit box rent if you use the box to store taxable income-producing stocks, bonds, or investment-related papers and documents. How to file 1040x electronically You cannot deduct the rent if you use the box only for jewelry, other personal items, or tax-exempt securities. How to file 1040x electronically Service Charges on Dividend Reinvestment Plans You can deduct service charges you pay as a subscriber in a dividend reinvestment plan. How to file 1040x electronically These service charges include payments for: Holding shares acquired through a plan, Collecting and reinvesting cash dividends, and Keeping individual records and providing detailed statements of accounts. How to file 1040x electronically Trustee's Administrative Fees for IRA Trustee's administrative fees that are billed separately and paid by you in connection with your individual retirement arrangement (IRA) are deductible (if they are ordinary and necessary) as a miscellaneous itemized deduction subject to the 2% limit. How to file 1040x electronically For more information about IRAs, see chapter 17. How to file 1040x electronically Deductions Not Subject to the 2% Limit You can deduct the items listed below as miscellaneous itemized deductions. How to file 1040x electronically They are not subject to the 2% limit. How to file 1040x electronically Report these items on Schedule A (Form 1040), line 28. How to file 1040x electronically List of Deductions Each of the following items is discussed in detail after the list (except where indicated). How to file 1040x electronically Amortizable premium on taxable bonds. How to file 1040x electronically Casualty and theft losses from income- producing property. How to file 1040x electronically Federal estate tax on income in respect of a decedent. How to file 1040x electronically Gambling losses up to the amount of gambling winnings. How to file 1040x electronically Impairment-related work expenses of persons with disabilities. How to file 1040x electronically Loss from other activities from Schedule K-1 (Form 1065-B), box 2. How to file 1040x electronically Losses from Ponzi-type investment schemes. How to file 1040x electronically See Losses from Ponzi-type investment schemes under Theft in chapter 25. How to file 1040x electronically Repayments of more than $3,000 under a claim of right. How to file 1040x electronically Unrecovered investment in an annuity. How to file 1040x electronically Amortizable Premium on Taxable Bonds In general, if the amount you pay for a bond is greater than its stated principal amount, the excess is bond premium. How to file 1040x electronically You can elect to amortize the premium on taxable bonds. How to file 1040x electronically The amortization of the premium is generally an offset to interest income on the bond rather than a separate deduction item. How to file 1040x electronically Part of the premium on some bonds may be a miscellaneous deduction not subject to the 2% limit. How to file 1040x electronically For more information, see Amortizable Premium on Taxable Bonds in Publication 529, and Bond Premium Amortization in chapter 3 of Publication 550, Investment Income and Expenses. How to file 1040x electronically Casualty and Theft Losses of Income-Producing Property You can deduct a casualty or theft loss as a miscellaneous itemized deduction not subject to the 2% limit if the damaged or stolen property was income-producing property (property held for investment, such as stocks, notes, bonds, gold, silver, vacant lots, and works of art). How to file 1040x electronically First, report the loss in Form 4684, Section B. How to file 1040x electronically You may also have to include the loss on Form 4797, Sales of Business Property if you are otherwise required to file that form. How to file 1040x electronically To figure your deduction, add all casualty or theft losses from this type of property included on Form 4684, lines 32 and 38b, or Form 4797, line 18a. How to file 1040x electronically For more information on casualty and theft losses, see chapter 25. How to file 1040x electronically Federal Estate Tax on Income in Respect of a Decedent You can deduct the federal estate tax attributable to income in respect of a decedent that you as a beneficiary include in your gross income. How to file 1040x electronically Income in respect of the decedent is gross income that the decedent would have received had death not occurred and that was not properly includible in the decedent's final income tax return. How to file 1040x electronically See Publication 559 for more information. How to file 1040x electronically Gambling Losses Up to the Amount of Gambling Winnings You must report the full amount of your gambling winnings for the year on Form 1040, line 21. How to file 1040x electronically You deduct your gambling losses for the year on Schedule A (Form 1040), line 28. How to file 1040x electronically You cannot deduct gambling losses that are more than your winnings. How to file 1040x electronically You cannot reduce your gambling winnings by your gambling losses and report the difference. How to file 1040x electronically You must report the full amount of your winnings as income and claim your losses (up to the amount of winnings) as an itemized deduction. How to file 1040x electronically Therefore, your records should show your winnings separately from your losses. How to file 1040x electronically Diary of winnings and losses. How to file 1040x electronically You must keep an accurate diary or similar record of your losses and winnings. How to file 1040x electronically Your diary should contain at least the following information. How to file 1040x electronically The date and type of your specific wager or wagering activity. How to file 1040x electronically The name and address or location of the gambling establishment. How to file 1040x electronically The names of other persons present with you at the gambling establishment. How to file 1040x electronically The amount(s) you won or lost. How to file 1040x electronically See Publication 529 for more information. How to file 1040x electronically Impairment-Related Work Expenses If you have a physical or mental disability that limits your being employed, or substantially limits one or more of your major life activities, such as performing manual tasks, walking, speaking, breathing, learning, and working, you can deduct your impairment-related work expenses. How to file 1040x electronically Impairment-related work expenses are ordinary and necessary business expenses for attendant care services at your place of work and for other expenses in connection with your place of work that are necessary for you to be able to work. How to file 1040x electronically Self-employed. How to file 1040x electronically   If you are self-employed, enter your impairment-related work expenses on the appropriate form (Schedule C, C-EZ, E, or F) used to report your business income and expenses. How to file 1040x electronically Loss From Other Activities From Schedule K-1 (Form 1065-B), Box 2 If the amount reported in Schedule K-1 (Form 1065-B), box 2, is a loss, report it on Schedule A (Form 1040), line 28. How to file 1040x electronically It is not subject to the passive activity limitations. How to file 1040x electronically Repayments Under Claim of Right If you had to repay more than $3,000 that you included in your income in an earlier year because at the time you thought you had an unrestricted right to it, you may be able to deduct the amount you repaid or take a credit against your tax. How to file 1040x electronically See Repayments in chapter 12 for more information. How to file 1040x electronically Unrecovered Investment in Annuity A retiree who contributed to the cost of an annuity can exclude from income a part of each payment received as a tax-free return of the retiree's investment. How to file 1040x electronically If the retiree dies before the entire investment is recovered tax free, any unrecovered investment can be deducted on the retiree's final income tax return. How to file 1040x electronically See chapter 10 for more information about the tax treatment of pensions and annuities. How to file 1040x electronically Nondeductible Expenses Examples of nondeductible expenses are listed next. How to file 1040x electronically The list is followed by discussions of additional nondeductible expenses. How to file 1040x electronically List of Nondeductible Expenses Broker's commissions that you paid in connection with your IRA or other investment property. How to file 1040x electronically Burial or funeral expenses, including the cost of a cemetery lot. How to file 1040x electronically Capital expenses. How to file 1040x electronically Fees and licenses, such as car licenses, marriage licenses, and dog tags. How to file 1040x electronically Hobby losses, but see Hobby Expenses , earlier. How to file 1040x electronically Home repairs, insurance, and rent. How to file 1040x electronically Illegal bribes and kickbacks. How to file 1040x electronically See Bribes and kickbacks in chapter 11 of Publication 535. How to file 1040x electronically Losses from the sale of your home, furniture, personal car, etc. How to file 1040x electronically Personal disability insurance premiums. How to file 1040x electronically Personal, living, or family expenses. How to file 1040x electronically The value of wages never received or lost vacation time. How to file 1040x electronically Adoption Expenses You cannot deduct the expenses of adopting a child, but you may be able to take a credit for those expenses. How to file 1040x electronically See chapter 37. How to file 1040x electronically Campaign Expenses You cannot deduct campaign expenses of a candidate for any office, even if the candidate is running for reelection to the office. How to file 1040x electronically These include qualification and registration fees for primary elections. How to file 1040x electronically Legal fees. How to file 1040x electronically   You cannot deduct legal fees paid to defend charges that arise from participation in a political campaign. How to file 1040x electronically Check-Writing Fees on Personal Account If you have a personal checking account, you cannot deduct fees charged by the bank for the privilege of writing checks, even if the account pays interest. How to file 1040x electronically Club Dues Generally, you cannot deduct the cost of membership in any club organized for business, pleasure, recreation, or other social purpose. How to file 1040x electronically This includes business, social, athletic, luncheon, sporting, airline, hotel, golf, and country clubs. How to file 1040x electronically You cannot deduct dues paid to an organization if one of its main purposes is to: Conduct entertainment activities for members or their guests, or Provide members or their guests with access to entertainment facilities. How to file 1040x electronically Dues paid to airline, hotel, and luncheon clubs are not deductible. How to file 1040x electronically Commuting Expenses You cannot deduct commuting expenses (the cost of transportation between your home and your main or regular place of work). How to file 1040x electronically If you haul tools, instruments, or other items, in your car to and from work, you can deduct only the additional cost of hauling the items such as the rent on a trailer to carry the items. How to file 1040x electronically Fines or Penalties You cannot deduct fines or penalties you pay to a governmental unit for violating a law. How to file 1040x electronically This includes an amount paid in settlement of your actual or potential liability for a fine or penalty (civil or criminal). How to file 1040x electronically Fines or penalties include parking tickets, tax penalties, and penalties deducted from teachers' paychecks after an illegal strike. How to file 1040x electronically Health Spa Expenses You cannot deduct health spa expenses, even if there is a job requirement to stay in excellent physical condition, such as might be required of a law enforcement officer. How to file 1040x electronically Home Security System You cannot deduct the cost of a home security system as a miscellaneous deduction. How to file 1040x electronically However, you may be able to claim a deduction for a home security system as a business expense if you have a home office. How to file 1040x electronically See Home Office under Unreimbursed Employee Expenses, earlier, and Security System under Deducting Expenses in Publication 587. How to file 1040x electronically Investment-Related Seminars You cannot deduct any expenses for attending a convention, seminar, or similar meeting for investment purposes. How to file 1040x electronically Life Insurance Premiums You cannot deduct premiums you pay on your life insurance. How to file 1040x electronically You may be able to deduct, as alimony, premiums you pay on life insurance policies assigned to your former spouse. How to file 1040x electronically See chapter 18 for information on alimony. How to file 1040x electronically Lobbying Expenses You generally cannot deduct amounts paid or incurred for lobbying expenses. How to file 1040x electronically These include expenses to: Influence legislation, Participate or intervene in any political campaign for, or against, any candidate for public office, Attempt to influence the general public, or segments of the public, about elections, legislative matters, or referendums, or Communicate directly with covered executive branch officials in any attempt to influence the official actions or positions of those officials. How to file 1040x electronically Lobbying expenses also include any amounts paid or incurred for research, preparation, planning, or coordination of any of these activities. How to file 1040x electronically Dues used for lobbying. How to file 1040x electronically   If a tax-exempt organization notifies you that part of the dues or other amounts you pay to the organization are used to pay nondeductible lobbying expenses, you cannot deduct that part. How to file 1040x electronically See Lobbying Expenses in Publication 529 for information on exceptions. How to file 1040x electronically Lost or Mislaid Cash or Property You cannot deduct a loss based on the mere disappearance of money or property. How to file 1040x electronically 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. How to file 1040x electronically See chapter 25. How to file 1040x electronically Example. How to file 1040x electronically A car door is accidentally slammed on your hand, breaking the setting of your diamond ring. How to file 1040x electronically The diamond falls from the ring and is never found. How to file 1040x electronically The loss of the diamond is a casualty. How to file 1040x electronically Lunches with Co-workers You cannot deduct the expenses of lunches with co-workers, except while traveling away from home on business. How to file 1040x electronically See chapter 26 for information on deductible expenses while traveling away from home. How to file 1040x electronically Meals While Working Late You cannot deduct the cost of meals while working late. How to file 1040x electronically However, you may be able to claim a deduction if the cost of meals is a deductible entertainment expense, or if you are traveling away from home. How to file 1040x electronically See chapter 26 for information on deductible entertainment expenses and expenses while traveling away from home. How to file 1040x electronically Personal Legal Expenses You cannot deduct personal legal expenses such as those for the following. How to file 1040x electronically Custody of children. How to file 1040x electronically Breach of promise to marry suit. How to file 1040x electronically Civil or criminal charges resulting from a personal relationship. How to file 1040x electronically Damages for personal injury, except for certain unlawful discrimination and whistleblower claims. How to file 1040x electronically Preparation of a title (or defense or perfection of a title). How to file 1040x electronically Preparation of a will. How to file 1040x electronically Property claims or property settlement in a divorce. How to file 1040x electronically You cannot deduct these expenses even if a result of the legal proceeding is the loss of income-producing property. How to file 1040x electronically Political Contributions You cannot deduct contributions made to a political candidate, a campaign committee, or a newsletter fund. How to file 1040x electronically Advertisements in convention bulletins and admissions to dinners or programs that benefit a political party or political candidate are not deductible. How to file 1040x electronically Professional Accreditation Fees You cannot deduct professional accreditation fees such as the following. How to file 1040x electronically Accounting certificate fees paid for the initial right to practice accounting. How to file 1040x electronically Bar exam fees and incidental expenses in securing initial admission to the bar. How to file 1040x electronically Medical and dental license fees paid to get initial licensing. How to file 1040x electronically Professional Reputation You cannot deduct expenses of radio and TV appearances to increase your personal prestige or establish your professional reputation. How to file 1040x electronically Relief Fund Contributions You cannot deduct contributions paid to a private plan that pays benefits to any covered employee who cannot work because of any injury or illness not related to the job. How to file 1040x electronically Residential Telephone Service You cannot deduct any charge (including taxes) for basic local telephone service for the first telephone line to your residence, even if it is used in a trade or business. How to file 1040x electronically Stockholders' Meetings You cannot deduct transportation and other expenses you pay to attend stockholders' meetings of companies in which you own stock but have no other interest. How to file 1040x electronically You cannot deduct these expenses even if you are attending the meeting to get information that would be useful in making further investments. How to file 1040x electronically Tax-Exempt Income Expenses You cannot deduct expenses to produce tax-exempt income. How to file 1040x electronically You cannot deduct interest on a debt incurred or continued to buy or carry  tax-exempt securities. How to file 1040x electronically If you have expenses to produce both taxable and tax-exempt income, but you cannot identify the expenses that produce each type of income, you must divide the expenses based on the amount of each type of income to determine the amount that you can deduct. How to file 1040x electronically Example. How to file 1040x electronically During the year, you received taxable interest of $4,800 and tax-exempt interest of $1,200. How to file 1040x electronically In earning this income, you had total expenses of $500 during the year. How to file 1040x electronically You cannot identify the amount of each expense item that is for each income item. How to file 1040x electronically Therefore, 80% ($4,800/$6,000) of the expense is for the taxable interest and 20% ($1,200/$6,000) is for the tax-exempt interest. How to file 1040x electronically You can deduct, subject to the 2% limit, expenses of $400 (80% of $500). How to file 1040x electronically Travel Expenses for Another Individual You generally cannot deduct travel expenses you pay or incur for a spouse, dependent, or other individual who accompanies you (or your employee) on business or personal travel unless the spouse, dependent, or other individual is an employee of the taxpayer, the travel is for a bona fide business purpose, and such expenses would otherwise be deductible by the spouse, dependent, or other individual. How to file 1040x electronically See chapter 26 for more information on deductible travel expenses. How to file 1040x electronically Voluntary Unemployment Benefit Fund Contributions You cannot deduct voluntary unemployment benefit fund contributions you make to a union fund or a private fund. How to file 1040x electronically However, you can deduct contributions as taxes if state law requires you to make them to a state unemployment fund that covers you for the loss of wages from unemployment caused by business conditions. How to file 1040x electronically Wristwatches You cannot deduct the cost of a wristwatch, even if there is a job requirement that you know the correct time to properly perform your duties. How to file 1040x electronically Prev  Up  Next   Home   More Online Publications
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