File your Taxes for Free!
  • Get your maximum refund*
  • 100% accurate calculations guaranteed*

TurboTax Federal Free Edition - File Taxes Online

Don't let filing your taxes get you down! We'll help make it as easy as possible. With e-file and direct deposit, there's no faster way to get your refund!

Approved TurboTax Affiliate Site. TurboTax and TurboTax Online, among others, are registered trademarks and/or service marks of Intuit Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of the respective owners.


© 2012 - 2018 All rights reserved.

This is an Approved TurboTax Affiliate site. TurboTax and TurboTax Online, among other are registered trademarks and/or service marks of Intuit, Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of the respective owners.
When discussing "Free e-file", note that state e-file is an additional fee. E-file fees do not apply to New York state returns. Prices are subject to change without notice. E-file and get your refund faster
*If you pay an IRS or state penalty or interest because of a TurboTax calculations error, we'll pay you the penalty and interest.
*Maximum Refund Guarantee - or Your Money Back: If you get a larger refund or smaller tax due from another tax preparation method, we'll refund the applicable TurboTax federal and/or state purchase price paid. TurboTax Federal Free Edition customers are entitled to payment of $14.99 and a refund of your state purchase price paid. Claims must be submitted within sixty (60) days of your TurboTax filing date and no later than 6/15/14. E-file, Audit Defense, Professional Review, Refund Transfer and technical support fees are excluded. This guarantee cannot be combined with the TurboTax Satisfaction (Easy) Guarantee. *We're so confident your return will be done right, we guarantee it. Accurate calculations guaranteed. If you pay an IRS or state penalty or interest because of a TurboTax calculations error, we'll pay you the penalty and interest.
https://turbotax.intuit.com/corp/guarantees.jsp

Hr Block 2011 Tax Software

H&r Block 20111040 Ez Form OnlineCan You Still E File 2010 Tax Returns2010 Amended ReturnFile State Tax Return For FreeFiling An Ammended ReturnHow Do I Amend My 2009 Tax ReturnWww Hrblock Com Lp Efile Html &otppartnerid 9012&campaignid Ps_mcm_9012_0011&omnisource Msn Camp028d E Efile Free M Desktop BmmDeadline For TaxesTax Forms 2011 1040Amend A Tax Return 2012Can I E File A 2012 Tax ReturnHow To File Amended Tax Return TurbotaxHow Do I Amend A 2009 Tax ReturnHow To File A Tax Amendment OnlineFile Amended Tax Return 2011Irs Free State FilingMilitary Tax ReturnTurbotax For Students FreeState Tax Forms 1040Taxact 2011College Student Filing Taxes140x1040x 2012 Tax FormHow To File A 1040ezFile My 2012 Taxes Free OnlineInstructions For Form 1040xHow Can I File My 2012 Taxes Online For FreeCan I File My State Taxes For FreeHow To Amend My 2012 Tax ReturnAmending Income Tax Returns For IndividualsNj 1040nrWho Has Free State Tax Filing1040 ComHow To Refile A Tax ReturnIrs Tax Form 2011Need To Do 2011 TaxesHow Can I File State Taxes For FreeFree Tax FormsE File 2011

Hr Block 2011 Tax Software

Hr block 2011 tax software Publication 559 - Main Content Table of Contents Personal RepresentativeDuties Fees Received by Personal Representatives Final Income Tax Return for Decedent—Form 1040Name, Address, and Signature When and Where To File Filing Requirements Income To Include Exemptions and Deductions Credits, Other Taxes, and Payments Tax Forgiveness for Armed Forces Members, Victims of Terrorism, and Astronauts Filing Reminders Other Tax InformationTax Benefits for Survivors Income in Respect of a Decedent Deductions in Respect of a Decedent Estate Tax Deduction Gifts, Insurance, and Inheritances Other Items of Income Income Tax Return of an Estate— Form 1041Filing Requirements Income To Include Exemption and Deductions Credits, Tax, and Payments Name, Address, and Signature When and Where To File Distributions to BeneficiariesIncome That Must Be Distributed Currently Other Amounts Distributed Discharge of a Legal Obligation Character of Distributions How and When To Report Bequest Termination of Estate Estate and Gift TaxesApplicable Credit Amount Gift Tax Estate Tax Generation-Skipping Transfer Tax Comprehensive ExampleFinal Return for Decedent—Form 1040 Income Tax Return of an Estate—Form 1041 How To Get Tax HelpLow Income Taxpayer Clinics Personal Representative A personal representative of an estate is an executor, administrator, or anyone who is in charge of the decedent's property. Hr block 2011 tax software Generally, an executor (or executrix) is named in a decedent's will to administer the estate and distribute properties as the decedent has directed. Hr block 2011 tax software An administrator (or administratrix) is usually appointed by the court if no will exists, if no executor was named in the will, or if the named executor cannot or will not serve. Hr block 2011 tax software In general, an executor and an administrator perform the same duties and have the same responsibilities. Hr block 2011 tax software For estate tax purposes, if there is no executor or administrator appointed, qualified, and acting within the United States, the term “executor” includes anyone in actual or constructive possession of any property of the decedent. Hr block 2011 tax software It includes, among others, the decedent's agents and representatives; safe-deposit companies, warehouse companies, and other custodians of property in this country; brokers holding securities of the decedent as collateral; and the debtors of the decedent who are in this country. Hr block 2011 tax software Duties The primary duties of a personal representative are to collect all the decedent's assets, pay his or her creditors, and distribute the remaining assets to the heirs or other beneficiaries. Hr block 2011 tax software The personal representative also must perform the following duties. Hr block 2011 tax software Apply for an employer identification number (EIN) for the estate. Hr block 2011 tax software File all tax returns, including income, estate and gift tax returns, when due. Hr block 2011 tax software Pay the tax determined up to the date of discharge from duties. Hr block 2011 tax software Other duties of the personal representative in federal tax matters are discussed in other sections of this publication. Hr block 2011 tax software If any beneficiary is a nonresident alien, see Publication 515, Withholding of Tax on Nonresident Aliens and Foreign Entities, for information on the personal representative's duties as a withholding agent. Hr block 2011 tax software Penalty. Hr block 2011 tax software   There is a penalty for failure to file a tax return when due unless the failure is due to reasonable cause. Hr block 2011 tax software Reliance on an agent (attorney, accountant, etc. Hr block 2011 tax software ) is not reasonable cause for late filing. Hr block 2011 tax software It is the personal representative's duty to file the returns for the decedent and the estate when due. Hr block 2011 tax software Identification number. Hr block 2011 tax software   The first action you should take if you are the personal representative for the decedent is to apply for an EIN for the estate. Hr block 2011 tax software You should apply for this number as soon as possible because you need to enter it on returns, statements, and other documents you file concerning the estate. Hr block 2011 tax software You also must give the number to payers of interest and dividends and other payers who must file a return concerning the estate. Hr block 2011 tax software   You can get an EIN by applying online at www. Hr block 2011 tax software irs. Hr block 2011 tax software gov (click on "Apply for an EIN Online" under the Tools heading). Hr block 2011 tax software Generally, if you apply online, you will receive your EIN immediately upon completing the application. Hr block 2011 tax software You can also apply using Form SS-4, Application for Employer Identification Number. Hr block 2011 tax software Generally, if you apply by mail, it takes about 4 weeks to get your EIN. Hr block 2011 tax software See the form instructions for other ways to apply. Hr block 2011 tax software   Payers of interest and dividends report amounts on Forms 1099 using the identification number of the person to whom the account is payable. Hr block 2011 tax software After a decedent's death, Forms 1099 must reflect the identification number of the estate or beneficiary to whom the amounts are payable. Hr block 2011 tax software As the personal representative handling the estate, you must furnish this identification number to the payer. Hr block 2011 tax software For example, if interest is payable to the estate, the estate's EIN must be provided to the payer and used to report the interest on Form 1099-INT, Interest Income. Hr block 2011 tax software If the interest is payable to a surviving joint owner, the survivor's identification number, such as an SSN or ITIN, must be provided to the payer and used to report the interest. Hr block 2011 tax software   If the estate or a survivor may receive interest or dividends after you inform the payer of the decedent's death, the payer should give you (or the survivor) a Form W-9, Request for Taxpayer Identification Number and Certification (or a similar substitute form). Hr block 2011 tax software Complete this form to inform the payer of the estate's (or if completed by the survivor, the survivor's) identification number and return it to the payer. Hr block 2011 tax software    Do not use the deceased individual's identifying number to file an individual income tax return after the decedent's final tax return. Hr block 2011 tax software Also do not use it to make estimated tax payments for a tax year after the year of death. Hr block 2011 tax software Penalty. Hr block 2011 tax software   If you do not include the EIN or the taxpayer identification number of another person where it is required on a return, statement, or other document, you are liable for a penalty for each failure, unless you can show reasonable cause. Hr block 2011 tax software You also are liable for a penalty if you do not give the taxpayer identification number of another person when required on a return, statement, or other document. Hr block 2011 tax software Notice of fiduciary relationship. Hr block 2011 tax software   The term fiduciary means any person acting for another person. Hr block 2011 tax software It applies to persons who have positions of trust on behalf of others. Hr block 2011 tax software A personal representative for a decedent's estate is a fiduciary. Hr block 2011 tax software Form 56. Hr block 2011 tax software   If you are appointed to act in a fiduciary capacity for another, you must file a written notice with the IRS stating this. Hr block 2011 tax software Form 56, Notice Concerning Fiduciary Relationship, is used for this purpose. Hr block 2011 tax software See the Instructions for Form 56 for filing requirements and other information. Hr block 2011 tax software   File Form 56 as soon as all the necessary information (including the EIN) is available. Hr block 2011 tax software It notifies the IRS that you, as the fiduciary, are assuming the powers, rights, duties, and privileges of the decedent. Hr block 2011 tax software The notice remains in effect until you notify the IRS (by filing another Form 56) that your fiduciary relationship with the estate has terminated. Hr block 2011 tax software Termination of fiduciary relationship. Hr block 2011 tax software   Form 56 should also be filed to notify the IRS if your fiduciary relationship is terminated or when a successor fiduciary is appointed if the estate has not been terminated. Hr block 2011 tax software See Form 56 and its instructions for more information. Hr block 2011 tax software   At the time of termination of the fiduciary relationship, you may want to file Form 4810, Request for Prompt Assessment Under Internal Revenue Code Section 6501(d), and Form 5495, Request for Discharge From Personal Liability Under Internal Revenue Code Section 2204 or 6905, to wind up your duties as fiduciary. Hr block 2011 tax software See below for a discussion of these forms. Hr block 2011 tax software Request for prompt assessment (charge) of tax. Hr block 2011 tax software   The IRS ordinarily has 3 years from the date an income tax return is filed, or its due date, whichever is later, to charge any additional tax due. Hr block 2011 tax software However, as a personal representative, you may request a prompt assessment of tax after the return has been filed. Hr block 2011 tax software This reduces the time for making the assessment to 18 months from the date the written request for prompt assessment was received. Hr block 2011 tax software This request can be made for any tax return (except the estate tax return) of the decedent or the decedent's estate. Hr block 2011 tax software This may permit a quicker settlement of the tax liability of the estate and an earlier final distribution of the assets to the beneficiaries. Hr block 2011 tax software Form 4810. Hr block 2011 tax software   Form 4810 can be used for making this request. Hr block 2011 tax software It must be filed separately from any other document. Hr block 2011 tax software   As the personal representative for the decedent's estate, you are responsible for any additional taxes that may be due. Hr block 2011 tax software You can request prompt assessment of any of the decedent's taxes (other than federal estate taxes) for any years for which the statutory period for assessment is open. Hr block 2011 tax software This applies even though the returns were filed before the decedent's death. Hr block 2011 tax software Failure to report income. Hr block 2011 tax software   If you or the decedent failed to report substantial amounts of gross income (more than 25% of the gross income reported on the return) or filed a false or fraudulent return, your request for prompt assessment will not shorten the period during which the IRS may assess the additional tax. Hr block 2011 tax software However, such a request may relieve you of personal liability for the tax if you did not have knowledge of the unpaid tax. Hr block 2011 tax software Request for discharge from personal liability for tax. Hr block 2011 tax software   An executor can make a request for discharge from personal liability for a decedent's income, gift, and estate taxes. Hr block 2011 tax software The request must be made after the returns for those taxes are filed. Hr block 2011 tax software To make the request, file Form 5495. Hr block 2011 tax software For this purpose, an executor is an executor or administrator that is appointed, qualified, and acting within the United States. Hr block 2011 tax software   Within 9 months after receipt of the request, the IRS will notify the executor of the amount of taxes due. Hr block 2011 tax software If this amount is paid, the executor will be discharged from personal liability for any future deficiencies. Hr block 2011 tax software If the IRS has not notified the executor, he or she will be discharged from personal liability at the end of the 9-month period. Hr block 2011 tax software    Even if the executor is discharged from personal liability, the IRS will still be able to assess tax deficiencies against the executor to the extent he or she still has any of the decedent's property. Hr block 2011 tax software Insolvent estate. Hr block 2011 tax software   Generally, if a decedent's estate is insufficient to pay all the decedent's debts, the debts due to the United States must be paid first. Hr block 2011 tax software Both the decedent's federal income tax liabilities at the time of death and the estate's income tax liability are debts due to the United States. Hr block 2011 tax software The personal representative of an insolvent estate is personally responsible for any tax liability of the decedent or of the estate if he or she had notice of such tax obligations or failed to exercise due care in determining if such obligations existed before distribution of the estate's assets and before being discharged from duties. Hr block 2011 tax software The extent of such personal responsibility is the amount of any other payments made before paying the debts due to the United States, except where such other debt paid has priority over the debts due to the United States. Hr block 2011 tax software Income tax liabilities need not be formally assessed for the personal representative to be liable if he or she was aware or should have been aware of their existence. Hr block 2011 tax software Fees Received by Personal Representatives All personal representatives must include fees paid to them from an estate in their gross income. Hr block 2011 tax software If you are not in the trade or business of being an executor (for instance, you are the executor of a friend's or relative's estate), report these fees on your Form 1040, line 21. Hr block 2011 tax software If you are in the trade or business of being an executor, report fees received from the estate as self-employment income on Schedule C or Schedule C-EZ of your Form 1040. Hr block 2011 tax software If the estate operates a trade or business and you, as executor, actively participate in the trade or business while fulfilling your duties, any fees you receive related to the operation of the trade or business must be reported as self-employment income on Schedule C (or Schedule C-EZ) of your Form 1040. Hr block 2011 tax software Final Income Tax Return for Decedent—Form 1040 The personal representative (defined earlier) must file the final income tax return (Form 1040) of the decedent for the year of death and any returns not filed for preceding years. Hr block 2011 tax software A surviving spouse, under certain circumstances, may have to file the returns for the decedent. Hr block 2011 tax software See Joint Return, later. Hr block 2011 tax software Return for preceding year. Hr block 2011 tax software   If an individual died after the close of the tax year, but before the return for that year was filed, the return for the year just closed will not be the final return. Hr block 2011 tax software The return for that year will be a regular return and the personal representative must file it. Hr block 2011 tax software Example. Hr block 2011 tax software Samantha Smith died on March 21, 2013, before filing her 2012 tax return. Hr block 2011 tax software Her personal representative must file her 2012 return by April 15, 2013. Hr block 2011 tax software Her final tax return covering the period from January 1, 2013, to March 20, 2013, is due April 15, 2014. Hr block 2011 tax software Name, Address, and Signature Write the word “DECEASED,” the decedent's name, and the date of death across the top of the tax return. Hr block 2011 tax software If filing a joint return, write the name and address of the decedent and the surviving spouse in the name and address fields. Hr block 2011 tax software If a joint return is not being filed, write the decedent's name in the name field and the personal representative's name and address in the address field. Hr block 2011 tax software Third party designee. Hr block 2011 tax software   You can check the “Yes” box in the Third Party Designee area on page 2 of the return to authorize the IRS to discuss the return with a friend, family member, or any other person you choose. Hr block 2011 tax software This allows the IRS to call the person you identified as the designee to answer any questions that may arise during the processing of the return. Hr block 2011 tax software It also allows the designee to perform certain actions. Hr block 2011 tax software See the Instructions for Form 1040 for details. Hr block 2011 tax software Signature. Hr block 2011 tax software   If a personal representative has been appointed, that person must sign the return. Hr block 2011 tax software If it is a joint return, the surviving spouse must also sign it. Hr block 2011 tax software If no personal representative has been appointed, the surviving spouse (on a joint return) signs the return and writes in the signature area “Filing as surviving spouse. Hr block 2011 tax software ” If no personal representative has been appointed and if there is no surviving spouse, the person in charge of the decedent's property must file and sign the return as “personal representative. Hr block 2011 tax software ” Paid preparer. Hr block 2011 tax software   If you pay someone to prepare, assist in preparing, or review the tax return, that person must sign the return and fill in the other blanks in the Paid Preparer Use Only area of the return. Hr block 2011 tax software See the Form 1040 instructions for details. Hr block 2011 tax software When and Where To File The final income tax return is due at the same time the decedent's return would have been due had death not occurred. Hr block 2011 tax software A final return for a decedent who was a calendar year taxpayer is generally due on April 15 following the year of death, regardless of when during that year death occurred. Hr block 2011 tax software However, when the due date falls on a Saturday, Sunday, or legal holiday, the return is filed timely if filed by the next business day. Hr block 2011 tax software The tax return must be prepared for the year of death regardless of when during the year death occurred. Hr block 2011 tax software Generally, you must file the final income tax return of the decedent with the Internal Revenue Service Center for the place where you live. Hr block 2011 tax software A tax return for a decedent can be electronically filed. Hr block 2011 tax software A personal representative may also obtain an income tax filing extension on behalf of a decedent. Hr block 2011 tax software Filing Requirements The gross income, age, and filing status of a decedent generally determine whether a return must be filed. Hr block 2011 tax software Gross income is all income received by an individual from any source in the form of money, goods, property, and services that is not tax-exempt. Hr block 2011 tax software It includes gross receipts from self-employment, but if the business involves manufacturing, merchandising, or mining, subtract any cost of goods sold. Hr block 2011 tax software In general, filing status depends on whether the decedent was considered single or married at the time of death. Hr block 2011 tax software See the income tax return instructions or Publication 501, Exemptions, Standard Deduction, and Filing Information. Hr block 2011 tax software Refund A return must be filed to obtain a refund if tax was withheld from salaries, wages, pensions, or annuities, or if estimated tax was paid, even if a return is not otherwise required to be filed. Hr block 2011 tax software Also, the decedent may be entitled to other credits that result in a refund. Hr block 2011 tax software These advance payments of tax and credits are discussed later under Credits, Other Taxes, and Payments. Hr block 2011 tax software Form 1310, Statement of Person Claiming Refund Due a Deceased Taxpayer. Hr block 2011 tax software   Form 1310 does not have to be filed if you are claiming a refund and you are: A surviving spouse filing an original or amended joint return with the decedent, or A court-appointed or certified personal representative filing the decedent’s original return and a copy of the court certificate showing your appointment is attached to the return. Hr block 2011 tax software   If the personal representative is filing a claim for refund on Form 1040X, Amended U. Hr block 2011 tax software S. Hr block 2011 tax software Individual Income Tax Return, or Form 843, Claim for Refund and Request for Abatement, and the court certificate has already been filed with the IRS, attach Form 1310 and write “Certificate Previously Filed” at the bottom of the form. Hr block 2011 tax software Example. Hr block 2011 tax software Edward Green died before filing his tax return. Hr block 2011 tax software You were appointed the personal representative for Edward's estate, and you file his Form 1040 showing a refund due. Hr block 2011 tax software You do not need Form 1310 to claim the refund if you attach a copy of the court certificate showing you were appointed the personal representative. Hr block 2011 tax software    If you are a surviving spouse and you receive a tax refund check in both your name and your deceased spouse's name, you can have the check reissued in your name alone. Hr block 2011 tax software Return the joint-name check marked “VOID” to your local IRS office or the service center where you mailed your return, along with a written request for reissuance of the refund check. Hr block 2011 tax software A new check will be issued in your name and mailed to you. Hr block 2011 tax software Death certificate. Hr block 2011 tax software   When filing the decedent's final income tax return, do not attach the death certificate or other proof of death to the final return. Hr block 2011 tax software Instead, keep it for your records and provide it if requested. Hr block 2011 tax software Nonresident Alien If the decedent was a nonresident alien who would have had to file Form 1040NR, U. Hr block 2011 tax software S. Hr block 2011 tax software Nonresident Alien Income Tax Return, you must file that form for the decedent's final tax year. Hr block 2011 tax software See the Instructions for Form 1040NR for the filing requirements, due date, and where to file. Hr block 2011 tax software Joint Return Generally, the personal representative and the surviving spouse can file a joint return for the decedent and the surviving spouse. Hr block 2011 tax software However, the surviving spouse alone can file the joint return if no personal representative has been appointed before the due date for filing the final joint return for the year of death. Hr block 2011 tax software This also applies to the return for the preceding year if the decedent died after the close of the preceding tax year and before filing the return for that year. Hr block 2011 tax software The income of the decedent that was includible on his or her return for the year up to the date of death (see Income To Include, later) and the income of the surviving spouse for the entire year must be included in the final joint return. Hr block 2011 tax software A final joint return with the decedent cannot be filed if the surviving spouse remarried before the end of the year of the decedent's death. Hr block 2011 tax software The filing status of the decedent in this instance is married filing a separate return. Hr block 2011 tax software For information about tax benefits to which a surviving spouse may be entitled, see Tax Benefits for Survivors, later, under Other Tax Information. Hr block 2011 tax software Personal representative may revoke joint return election. Hr block 2011 tax software   A court-appointed personal representative may revoke an election to file a joint return previously made by the surviving spouse alone. Hr block 2011 tax software This is done by filing a separate return for the decedent within one year from the due date of the return (including any extensions). Hr block 2011 tax software The joint return made by the surviving spouse will then be regarded as the separate return of that spouse by excluding the decedent's items and refiguring the tax liability. Hr block 2011 tax software Relief from joint liability. Hr block 2011 tax software   In some cases, one spouse may be relieved of joint liability for tax, interest, and penalties on a joint return for items of the other spouse that were incorrectly reported on the joint return. Hr block 2011 tax software If the decedent qualified for this relief while alive, the personal representative can pursue an existing request, or file a request, for relief from joint liability. Hr block 2011 tax software For information on requesting this relief, see Publication 971, Innocent Spouse Relief. Hr block 2011 tax software Income To Include The decedent's income includible on the final return is generally determined as if the person were still alive except that the taxable period is usually shorter because it ends on the date of death. Hr block 2011 tax software The method of accounting regularly used by the decedent before death also determines the income includible on the final return. Hr block 2011 tax software This section explains how some types of income are reported on the final return. Hr block 2011 tax software For more information about accounting methods, see Publication 538, Accounting Periods and Methods. Hr block 2011 tax software Cash Method If the decedent accounted for income under the cash method, only those items actually or constructively received before death are included on the final return. Hr block 2011 tax software Constructive receipt of income. Hr block 2011 tax software   Interest from coupons on the decedent's bonds is constructively received by the decedent if the coupons matured in the decedent's final tax year, but had not been cashed. Hr block 2011 tax software Include the interest income on the final return. Hr block 2011 tax software   Generally, a dividend is considered constructively received if it was available for use by the decedent without restriction. Hr block 2011 tax software If the corporation customarily mailed its dividend checks, the dividend was includible when received. Hr block 2011 tax software If the individual died between the time the dividend was declared and the time it was received in the mail, the decedent did not constructively receive it before death. Hr block 2011 tax software Do not include the dividend in the final return. Hr block 2011 tax software Accrual Method Generally, under an accrual method of accounting, income is reported when earned. Hr block 2011 tax software If the decedent used an accrual method, only the income items normally accrued before death are included on the final return. Hr block 2011 tax software Interest and Dividend Income (Forms 1099) Form(s) 1099 reporting interest and dividends earned by the decedent before death should be received and the amounts included on the decedent's final return. Hr block 2011 tax software A separate Form 1099 should show the interest and dividends earned after the date of the decedent's death and paid to the estate or other recipient that must include those amounts on its return. Hr block 2011 tax software You can request corrected Forms 1099 if these forms do not properly reflect the right recipient or amounts. Hr block 2011 tax software For example, a Form 1099-INT, reporting interest payable to the decedent, may include income that should be reported on the final income tax return of the decedent, as well as income that the estate or other recipient should report, either as income earned after death or as income in respect of the decedent (discussed later). Hr block 2011 tax software For income earned after death, you should ask the payer for a Form 1099 that properly identifies the recipient (by name and identification number) and the proper amount. Hr block 2011 tax software If that is not possible, or if the form includes an amount that represents income in respect of the decedent, report the interest as shown next under How to report. Hr block 2011 tax software See U. Hr block 2011 tax software S. Hr block 2011 tax software savings bonds acquired from decedent under Income in Respect of a Decedent, later, for information on savings bond interest that may have to be reported on the final return. Hr block 2011 tax software How to report. Hr block 2011 tax software   If you are preparing the decedent's final return and you have received a Form 1099-INT for the decedent that includes amounts belonging to the decedent and to another recipient (the decedent's estate or another beneficiary), report the total interest shown on Form 1099-INT on Schedule B (Form 1040A or 1040), Interest and Ordinary Dividends. Hr block 2011 tax software Next, enter a subtotal of the interest shown on Forms 1099, and the interest reportable from other sources for which you did not receive Forms 1099. Hr block 2011 tax software Then, show any interest (including any interest you receive as a nominee) belonging to another recipient separately and subtract it from the subtotal. Hr block 2011 tax software Identify the amount of this adjustment as “Nominee Distribution” or other appropriate designation. Hr block 2011 tax software   Report dividend income for which you received a Form 1099-DIV, Dividends and Distributions, on the appropriate schedule using the same procedure. Hr block 2011 tax software    Note. Hr block 2011 tax software If the decedent received amounts as a nominee, you must give the actual owner a Form 1099, unless the owner is the decedent's spouse. Hr block 2011 tax software See General Instructions for Certain Information Returns (Forms 1097, 1098, 1099, 3921, 3922, 5498, and W-2G) for more information on filing Forms 1099. Hr block 2011 tax software Partnership Income The death of a partner closes the partnership's tax year for that partner. Hr block 2011 tax software Generally, it does not close the partnership's tax year for the remaining partners. Hr block 2011 tax software The decedent's distributive share of partnership items must be figured as if the partnership's tax year ended on the date the partner died. Hr block 2011 tax software To avoid an interim closing of the partnership books, the partners can agree to estimate the decedent's distributive share by prorating the amounts the partner would have included for the entire partnership tax year. Hr block 2011 tax software On the decedent's final return, include the decedent's distributive share of partnership items for the following periods. Hr block 2011 tax software The partnership's tax year that ended within or with the decedent's final tax year (the year ending on the date of death). Hr block 2011 tax software The period, if any, from the end of the partnership's tax year in (1) to the decedent's date of death. Hr block 2011 tax software Example. Hr block 2011 tax software Mary Smith was a partner in XYZ partnership and reported her income on a tax year ending December 31. Hr block 2011 tax software The partnership uses a tax year ending June 30. Hr block 2011 tax software Mary died August 31, 2013, and her estate established its tax year through August 31. Hr block 2011 tax software The distributive share of partnership items based on the decedent's partnership interest is reported as follows. Hr block 2011 tax software Final Return for the Decedent—January 1 through August 31, 2013, includes XYZ partnership items from (a) the partnership tax year ending June 30, 2013, and (b) the partnership tax year beginning July 1, 2013, and ending August 31, 2013 (the date of death). Hr block 2011 tax software Income Tax Return of the Estate—September 1, 2013, through August 31, 2014, includes XYZ partnership items for the period September 1, 2013, through June 30, 2014. Hr block 2011 tax software S Corporation Income If the decedent was a shareholder in an S corporation, include on the final return the decedent's share of the S corporation's items of income, loss, deduction, and credit for the following periods. Hr block 2011 tax software The corporation's tax year that ended within or with the decedent's final tax year (the year ending on the date of death). Hr block 2011 tax software The period, if any, from the end of the corporation's tax year in (1) to the decedent's date of death. Hr block 2011 tax software Self-Employment Income Include self-employment income actually or constructively received or accrued, depending on the decedent's accounting method. Hr block 2011 tax software For self-employment tax purposes only, the decedent's self-employment income will include the decedent's distributive share of a partnership's income or loss through the end of the month in which death occurred. Hr block 2011 tax software For this purpose, the partnership's income or loss is considered to be earned ratably over the partnership's tax year. Hr block 2011 tax software Community Income If the decedent was married and domiciled in a community property state, half of the income received and half of the expenses paid during the decedent's tax year by either the decedent or spouse may be considered to be the income and expenses of the other. Hr block 2011 tax software For more information, see Publication 555, Community Property. Hr block 2011 tax software HSA, Archer MSA, or Medicare Advantage MSA The treatment of an HSA (health savings account), an Archer MSA (medical savings account), or a Medicare Advantage MSA at the death of the account holder, depends on who acquires the interest in the account. Hr block 2011 tax software If the decedent's estate acquires the interest, the fair market value (FMV) of the assets in the account on the date of death is included in income on the decedent's final return. Hr block 2011 tax software The estate tax deduction, discussed later, does not apply to this amount. Hr block 2011 tax software If a beneficiary acquires the interest, see the discussion under Income in Respect of a Decedent, later. Hr block 2011 tax software For other information on HSAs, Archer MSAs, or Medicare Advantage MSAs, see Publication 969, Health Savings Accounts and Other Tax-Favored Health Plans. Hr block 2011 tax software Coverdell Education Savings Account (ESA) Generally, the balance in a Coverdell ESA must be distributed within 30 days after the individual for whom the account was established reaches age 30, or dies, whichever is earlier. Hr block 2011 tax software The treatment of the Coverdell ESA at the death of an individual under age 30 depends on who acquires the interest in the account. Hr block 2011 tax software If the decedent's estate acquires the interest, the earnings on the account must be included on the final income tax return of the decedent. Hr block 2011 tax software The estate tax deduction, discussed later, does not apply to this amount. Hr block 2011 tax software If a beneficiary acquires the interest, see the discussion under Income in Respect of a Decedent, later. Hr block 2011 tax software The age 30 limitation does not apply if the individual for whom the account was established or the beneficiary that acquires the account is an individual with special needs. Hr block 2011 tax software This includes an individual who, because of a physical, mental, or emotional condition (including a learning disability), requires additional time to complete his or her education. Hr block 2011 tax software For more information on Coverdell ESAs, see Publication 970, Tax Benefits for Education. Hr block 2011 tax software Accelerated Death Benefits Accelerated death benefits are amounts received under a life insurance contract before the death of the insured individual. Hr block 2011 tax software These benefits also include amounts received on the sale or assignment of the contract to a viatical settlement provider. Hr block 2011 tax software Generally, if the decedent received accelerated death benefits on the life of a terminally or chronically ill individual, whether on his or her own life or on the life of another person, those benefits are not included in the decedent's income. Hr block 2011 tax software For more information, see the discussion under Gifts, Insurance, and Inheritances under Other Tax Information, later. Hr block 2011 tax software Exemptions and Deductions Generally, the rules for exemptions and deductions allowed to an individual also apply to the decedent's final income tax return. Hr block 2011 tax software Show on the final return deductible items the decedent paid (or accrued, if the decedent reported deductions on an accrual method) before death. Hr block 2011 tax software This section contains a detailed discussion of medical expenses because the tax treatment of the decedent's medical expenses can be different. Hr block 2011 tax software See Medical Expenses, later. Hr block 2011 tax software Exemptions You can claim the decedent's personal exemption on the final income tax return. Hr block 2011 tax software If the decedent was another person's dependent (for example, a parent's), you cannot claim the personal exemption on the decedent's final return. Hr block 2011 tax software Standard Deduction If you do not itemize deductions on the final return, the full amount of the appropriate standard deduction is allowed regardless of the date of death. Hr block 2011 tax software For information on the appropriate standard deduction, see the Form 1040 income tax return instructions or Publication 501. Hr block 2011 tax software Medical Expenses Medical expenses paid before death by the decedent are deductible, subject to limits, on the final income tax return if deductions are itemized. Hr block 2011 tax software This includes expenses for the decedent, as well as for the decedent's spouse and dependents. Hr block 2011 tax software Beginning in 2013, medical expenses exceeding 10% of adjusted gross income (AGI) may be deducted, unless the decedent or their spouse is age 65 or older. Hr block 2011 tax software In that case medical expenses exceeding 7. Hr block 2011 tax software 5% of AGI may be deducted. Hr block 2011 tax software Qualified medical expenses are not deductible if paid with a tax-free distribution from an HSA or an Archer MSA. Hr block 2011 tax software Election for decedent's expenses. Hr block 2011 tax software   Medical expenses not paid before death are liabilities of the estate and are shown on the federal estate tax return (Form 706). Hr block 2011 tax software However, if medical expenses for the decedent are paid out of the estate during the 1-year period beginning with the day after death, you can elect to treat all or part of the expenses as paid by the decedent at the time they were incurred. Hr block 2011 tax software   If you make the election, you can claim all or part of the expenses on the decedent's income tax return (if deductions are itemized) rather than on the federal estate tax return (Form 706). Hr block 2011 tax software You can deduct expenses incurred in the year of death on the final income tax return. Hr block 2011 tax software You should file an amended return (Form 1040X) for medical expenses incurred in an earlier year, unless the statutory period for filing a claim for that year has expired. Hr block 2011 tax software   The amount you can deduct on the income tax return is the amount above 10% of adjusted gross income (or 7. Hr block 2011 tax software 5% of adjusted gross income if the decedent or the decedent's spouse was born before January 2, 1949). Hr block 2011 tax software Amounts not deductible because of this percentage cannot be claimed on the federal estate tax return. Hr block 2011 tax software Making the election. Hr block 2011 tax software   You make the election by attaching a statement, in duplicate, to the decedent's income tax return or amended return. Hr block 2011 tax software The statement must state that you have not claimed the amount as an estate tax deduction, and that the estate waives the right to claim the amount as a deduction. Hr block 2011 tax software This election applies only to expenses incurred for the decedent, not to expenses incurred to provide medical care for dependents. Hr block 2011 tax software Example. Hr block 2011 tax software Richard Brown used the cash method of accounting and filed his income tax return on a calendar year basis. Hr block 2011 tax software Richard died on June 1, 2013, at the age of 78, after incurring $800 in medical expenses. Hr block 2011 tax software Of that amount, $500 was incurred in 2012 and $300 was incurred in 2013. Hr block 2011 tax software Richard itemized his deductions when he filed his 2012 income tax return. Hr block 2011 tax software The personal representative of the estate paid the entire $800 liability in August 2013. Hr block 2011 tax software The personal representative may file an amended return (Form 1040X) for 2012 claiming the $500 medical expense as a deduction, subject to the 7. Hr block 2011 tax software 5% limit. Hr block 2011 tax software The $300 of expenses incurred in 2013 can be deducted on the final income tax return if deductions are itemized, subject to the 7. Hr block 2011 tax software 5% limit. Hr block 2011 tax software The personal representative must file a statement in duplicate with each return stating that these amounts have not been claimed on the federal estate tax return (Form 706), and waiving the right to claim such a deduction on Form 706 in the future. Hr block 2011 tax software Medical expenses not paid by estate. Hr block 2011 tax software   If you paid medical expenses for your deceased spouse or dependent, claim the expenses on your tax return for the year in which you paid them, whether they are paid before or after the decedent's death. Hr block 2011 tax software If the decedent was a child of divorced or separated parents, the medical expenses can usually be claimed by both the custodial and noncustodial parent to the extent paid by that parent during the year. Hr block 2011 tax software Insurance reimbursements. Hr block 2011 tax software   Insurance reimbursements of previously deducted medical expenses due a decedent at the time of death and later received by the decedent's estate are includible in the income tax return of the estate (Form 1041) for the year the reimbursements are received. Hr block 2011 tax software The reimbursements are also includible in the decedent's gross estate. Hr block 2011 tax software No deduction for funeral expenses can be taken on the final Form 1040 of a decedent. Hr block 2011 tax software These expenses may be deductible for estate tax purposes on Form 706. Hr block 2011 tax software Deduction for Losses A decedent's net operating loss deduction from a prior year and any capital losses (including capital loss carryovers) can be deducted only on the decedent's final income tax return. Hr block 2011 tax software A net operating loss on the decedent's final income tax return can be carried back to prior years. Hr block 2011 tax software (See Publication 536, Net Operating Losses (NOLs) for Individuals, Estates, and Trusts. Hr block 2011 tax software ) You cannot deduct any unused net operating loss or capital loss on the estate's income tax return. Hr block 2011 tax software At-risk loss limits. Hr block 2011 tax software   Special at-risk rules apply to most activities that are engaged in as a trade or business or for the production of income. Hr block 2011 tax software   These rules limit the deductible loss to the amount which the individual was considered at-risk in the activity. Hr block 2011 tax software An individual generally will be considered at-risk to the extent of the money and the adjusted basis of property that he or she contributed to the activity and certain amounts the individual borrowed for use in the activity. Hr block 2011 tax software An individual will be considered at-risk for amounts borrowed only if he or she was personally liable for the repayment or if the amounts borrowed were secured by property other than that used in the activity. Hr block 2011 tax software The individual is not considered at-risk for borrowed amounts if the lender has an interest in the activity or if the lender is related to a person who has an interest in the activity. Hr block 2011 tax software For more information, see Publication 925, Passive Activity and At-Risk Rules. Hr block 2011 tax software Passive activity rules. Hr block 2011 tax software   A passive activity is any trade or business activity in which the taxpayer does not materially participate. Hr block 2011 tax software To determine material participation, see Publication 925. Hr block 2011 tax software Rental activities are passive activities regardless of the taxpayer's participation, unless the taxpayer meets certain eligibility requirements. Hr block 2011 tax software   Individuals, estates, and trusts can offset passive activity losses only against passive activity income. Hr block 2011 tax software Passive activity losses or credits not allowed in one tax year can be carried forward to the next year. Hr block 2011 tax software   If a passive activity interest is transferred because a taxpayer dies, the accumulated unused passive activity losses are allowed as a deduction against the decedent's income in the year of death. Hr block 2011 tax software Losses are allowed only to the extent they are greater than the excess of the transferee's (recipient of the interest transferred) basis in the property over the decedent's adjusted basis in the property immediately before death. Hr block 2011 tax software The part of the accumulated losses equal to the excess is not allowed as a deduction for any tax year. Hr block 2011 tax software   Use Form 8582, Passive Activity Loss Limitations, to summarize losses and income from passive activities and to figure the amounts allowed. Hr block 2011 tax software For more information, see Publication 925. Hr block 2011 tax software Credits, Other Taxes, and Payments Discussed below are some of the tax credits, types of taxes that may be owed, income tax withheld, and estimated tax payments reported on the final return of a decedent. Hr block 2011 tax software Credits On the final income tax return, you can claim any tax credits that applied to the decedent before death. Hr block 2011 tax software Some of these credits are discussed next. Hr block 2011 tax software Earned income credit. Hr block 2011 tax software   If the decedent was an eligible individual, you can claim the earned income credit on the decedent's final return even though the return covers less than 12 months. Hr block 2011 tax software If the allowable credit is more than the tax liability for the year, the excess is refunded. Hr block 2011 tax software   For more information, see Publication 596, Earned Income Credit (EIC). Hr block 2011 tax software Credit for the elderly or the disabled. Hr block 2011 tax software   This credit is allowable on a decedent's final income tax return if the decedent met both of the following requirements in the year of death. Hr block 2011 tax software The decedent: Was a “qualified individual,” and Had income (adjusted gross income (AGI) and nontaxable social security and pensions) less than certain limits. Hr block 2011 tax software   For details on qualifying for or figuring the credit, see Publication 524, Credit for the Elderly or the Disabled. Hr block 2011 tax software Child tax credit. Hr block 2011 tax software   If the decedent had a qualifying child, you may be able to claim the child tax credit on the decedent's final return even though the return covers less than 12 months. Hr block 2011 tax software You may be able to claim the additional child tax credit and get a refund if the credit is more than the decedent's liability. Hr block 2011 tax software For more information, see the Instructions for Form 1040. Hr block 2011 tax software Adoption credit. Hr block 2011 tax software   Depending upon when the adoption was finalized, this credit may be taken on a decedent's final income tax return if the decedent: Adopted an eligible child and paid qualified adoption expenses, or Has a carryforward of an adoption credit from a prior year. Hr block 2011 tax software   Also, if the decedent is survived by a spouse who meets the filing status of qualifying widow(er), unused adoption credit may be carried forward and used following the death of the decedent. Hr block 2011 tax software See Form 8839, Qualified Adoption Expenses, and its instructions for more details. Hr block 2011 tax software General business tax credit. Hr block 2011 tax software   The general business credit available to a taxpayer is limited. Hr block 2011 tax software Any credit arising in a tax year beginning before 1998 that has not been used up can be carried forward for up to 15 years. Hr block 2011 tax software Any unused credit arising in a tax year beginning after 1997 has a 1-year carryback and a 20-year carryforward period. Hr block 2011 tax software   After the carryforward period, a deduction may be allowed for any unused business credit. Hr block 2011 tax software If the taxpayer dies before the end of the carryforward period, the deduction generally is allowed in the year of death. Hr block 2011 tax software   For more information on the general business credit, see Publication 334, Tax Guide for Small Business. Hr block 2011 tax software Other Taxes Taxes other than income tax that may be owed on the final return of a decedent include self-employment tax and alternative minimum tax, which are reported on Form 1040. Hr block 2011 tax software Self-employment tax. Hr block 2011 tax software   Self-employment tax may be owed on the final return if either of the following applied to the decedent in the year of death: Net earnings from self-employment (excluding income described in (2)) were $400 or more; or Wages from services performed as a church employee were $108. Hr block 2011 tax software 28 or more. Hr block 2011 tax software Alternative minimum tax (AMT). Hr block 2011 tax software   The tax laws give special treatment to certain types of income and allow special deductions and credits for certain types of expenses. Hr block 2011 tax software The alternative minimum tax (AMT) was enacted so taxpayers who benefit from these laws still pay at least a minimum amount of tax. Hr block 2011 tax software In general, the AMT is the excess of the tentative minimum tax over the regular tax shown on the return. Hr block 2011 tax software Form 6251. Hr block 2011 tax software    Use Form 6251, Alternative Minimum Tax—Individuals, to determine if this tax applies to the decedent. Hr block 2011 tax software See the form instructions for information on when you must attach Form 6251 to Form 1040. Hr block 2011 tax software Form 8801. Hr block 2011 tax software   If the decedent paid AMT in a previous year or had a credit carryforward, the decedent may be eligible for a minimum tax credit. Hr block 2011 tax software See Form 8801, Credit for Prior Year Minimum Tax—Individuals, Estates, and Trusts. Hr block 2011 tax software Payments of Tax The income tax withheld from the decedent's salary, wages, pensions, or annuities, and the amount paid as estimated tax are credits (advance payments of tax) that must be claimed on the final return. Hr block 2011 tax software Tax Forgiveness for Armed Forces Members, Victims of Terrorism, and Astronauts Income tax liability may be forgiven for a decedent who dies due to service in a combat zone, due to military or terrorist actions, as a result of a terrorist attack, or while serving in the line of duty as an astronaut. Hr block 2011 tax software Combat Zone If a member of the Armed Forces of the United States dies while in active service in a combat zone or from wounds, disease, or injury incurred in a combat zone, the decedent's income tax liability is abated (forgiven) for the entire year in which death occurred and for any prior tax year ending on or after the first day the person served in a combat zone in active service. Hr block 2011 tax software For this purpose, a qualified hazardous duty area is treated as a combat zone. Hr block 2011 tax software If the tax (including interest, additions to the tax, and additional amounts) for these years has been assessed, the assessment will be forgiven. Hr block 2011 tax software If the tax has been collected (regardless of the date of collection), that tax will be credited or refunded. Hr block 2011 tax software Any of the decedent's income tax for tax years before those mentioned above that remains unpaid as of the actual (or presumptive) date of death will not be assessed. Hr block 2011 tax software If any unpaid tax (including interest, additions to the tax, and additional amounts) has been assessed, this assessment will be forgiven. Hr block 2011 tax software Also, if any tax was collected after the date of death, that amount will be credited or refunded. Hr block 2011 tax software The date of death of a member of the Armed Forces reported as missing in action or as a prisoner of war is the date his or her name is removed from missing status for military pay purposes. Hr block 2011 tax software This is true even if death actually occurred earlier. Hr block 2011 tax software For other tax information for members of the Armed Forces, see Publication 3, Armed Forces' Tax Guide. Hr block 2011 tax software Military or Terrorist Actions The decedent's income tax liability is forgiven if, at death, he or she was a military or civilian employee of the United States who died because of wounds or injury incurred: While a U. Hr block 2011 tax software S. Hr block 2011 tax software employee, and In a military or terrorist action. Hr block 2011 tax software The forgiveness applies to the tax year in which death occurred and for any earlier tax year, beginning with the year before the year in which the wounds or injury occurred. Hr block 2011 tax software Example. Hr block 2011 tax software The income tax liability of a civilian employee of the United States who died in 2013 because of wounds incurred while a U. Hr block 2011 tax software S. Hr block 2011 tax software employee in a terrorist attack that occurred in 2008 will be forgiven for 2013 and for all prior tax years in the period 2007 through 2012. Hr block 2011 tax software Refunds are allowed for the tax years for which the period for filing a claim for refund has not ended, as discussed later. Hr block 2011 tax software Military or terrorist action defined. Hr block 2011 tax software   A military or terrorist action means the following. Hr block 2011 tax software Any terrorist activity that most of the evidence indicates was directed against the United States or any of its allies. Hr block 2011 tax software Any military action involving the U. Hr block 2011 tax software S. Hr block 2011 tax software Armed Forces and resulting from violence or aggression against the United States or any of its allies, or the threat of such violence or aggression. Hr block 2011 tax software   Terrorist activity includes criminal offenses intended to coerce, intimidate, or retaliate against the government or civilian population. Hr block 2011 tax software Military action does not include training exercises. Hr block 2011 tax software Any multinational force in which the United States is participating is treated as an ally of the United States. Hr block 2011 tax software Determining if a terrorist activity or military action has occurred. Hr block 2011 tax software   You may rely on published guidance from the IRS to determine if a particular event is considered a terrorist activity or military action. Hr block 2011 tax software Specified Terrorist Victim The Victims of Terrorism Tax Relief Act of 2001 (the Act) provides tax relief for those injured or killed as a result of terrorist attacks, certain survivors of those killed as a result of terrorist attacks, and others who were affected by terrorist attacks. Hr block 2011 tax software Under the Act, the federal income tax liability of those killed in the following attacks (specified terrorist victim) is forgiven for certain tax years. Hr block 2011 tax software The April 19, 1995, terrorist attack on the Alfred P. Hr block 2011 tax software Murrah Federal Building (Oklahoma City). Hr block 2011 tax software The September 11, 2001, terrorist attacks. Hr block 2011 tax software The terrorist attacks involving anthrax occurring after September 10, 2001, and before January 1, 2002. Hr block 2011 tax software The Act also exempts from federal income tax the following types of income. Hr block 2011 tax software Qualified disaster relief payments made after September 10, 2001, to cover personal, family, living, or funeral expenses incurred because of a terrorist attack. Hr block 2011 tax software Certain disability payments received in tax years ending after September 10, 2001, for injuries sustained in a terrorist attack. Hr block 2011 tax software Certain death benefits paid by an employer to the survivor of an employee because the employee died as a result of a terrorist attack. Hr block 2011 tax software Payments from the September 11th Victim Compensation Fund 2001. Hr block 2011 tax software The Act also reduces the estate tax of individuals who die as a result of a terrorist attack. Hr block 2011 tax software See Publication 3920, Tax Relief for Victims of Terrorist Attacks, for more information. Hr block 2011 tax software Astronauts Legislation extended the tax relief available under the Victims of Terrorism Tax Relief Act of 2001 (the Act) to astronauts who died in the line of duty after December 31, 2002. Hr block 2011 tax software The decedent's income tax liability is forgiven for the tax year in which death occurs, and for the tax year prior to death. Hr block 2011 tax software For information on death benefit payments and the reduction of federal estate taxes, see Publication 3920. Hr block 2011 tax software However, the discussions in that publication under Death Benefits and Estate Tax Reduction should be modified for astronauts (for example, by using the date of death of the astronaut instead of September 11, 2001). Hr block 2011 tax software For more information on the Act, see Publication 3920. Hr block 2011 tax software Claim for Credit or Refund If any of these tax-forgiveness situations applies to a prior year tax, any tax paid for which the period for filing a claim has not ended will be credited or refunded. Hr block 2011 tax software If any tax is still due, it will be canceled. Hr block 2011 tax software The normal period for filing a claim for credit or refund is 3 years after the return was filed or 2 years after the tax was paid, whichever is later. Hr block 2011 tax software If death occurred in a combat zone or from wounds, disease, or injury incurred in a combat zone, the period for filing the claim is extended by: The amount of time served in the combat zone (including any period in which the individual was in missing status), plus The period of continuous qualified hospitalization for injury from service in the combat zone, if any, plus The next 180 days. Hr block 2011 tax software Qualified hospitalization means any hospitalization outside the United States and any hospitalization in the United States of not more than 5 years. Hr block 2011 tax software This extended period for filing the claim also applies to a member of the Armed Forces who was deployed outside the United States in a designated contingency operation. Hr block 2011 tax software Filing a claim. Hr block 2011 tax software   Use the following procedures to file a claim. Hr block 2011 tax software If a U. Hr block 2011 tax software S. Hr block 2011 tax software individual income tax return (Form 1040, 1040A, or 1040EZ) has not been filed, you should make a claim for refund of any withheld income tax or estimated tax payments by filing Form 1040. Hr block 2011 tax software Form W-2, Wage and Tax Statement, must accompany all returns. Hr block 2011 tax software If a U. Hr block 2011 tax software S. Hr block 2011 tax software individual income tax return has been filed, you should make a claim for refund by filing Form 1040X. Hr block 2011 tax software You must file a separate Form 1040X for each year in question. Hr block 2011 tax software   You must file these returns and claims at the following address for regular mail (U. Hr block 2011 tax software S. Hr block 2011 tax software Postal Service). Hr block 2011 tax software    Internal Revenue Service 333 W. Hr block 2011 tax software Pershing, P5–6503 Kansas City, MO 64108   Identify all returns and claims for refund by writing “Iraq—KIA,” “Enduring Freedom—KIA,” “Kosovo Operation—KIA,” “Desert Storm—KIA,” or “Former Yugoslavia—KIA” in bold letters on the top of page 1 of the return or claim. Hr block 2011 tax software On the applicable return, write the same phrase on the line for total tax. Hr block 2011 tax software If the individual was killed in a terrorist or military action, put “KITA” on the front of the return and on the line for total tax. Hr block 2011 tax software   Include an attachment showing the computation of the decedent's tax liability and a computation of the amount to be forgiven. Hr block 2011 tax software On joint returns, make an allocation of the tax as described below under Joint returns. Hr block 2011 tax software If you cannot make a proper allocation, attach a statement of all income and deductions allocable to each spouse and the IRS will make the proper allocation. Hr block 2011 tax software   You must attach Form 1310 to all returns and claims for refund. Hr block 2011 tax software However, for exceptions to filing Form 1310, see Form 1310. Hr block 2011 tax software Statement of Person Claiming Refund Due a Deceased Taxpayer, under Refund, earlier. Hr block 2011 tax software   You must also attach proof of death that includes a statement that the individual was a U. Hr block 2011 tax software S. Hr block 2011 tax software employee on the date of injury and on the date of death and died as the result of a military or terrorist action. Hr block 2011 tax software For military and civilian employees of the Department of Defense, attach DD Form 1300, Report of Casualty. Hr block 2011 tax software For other U. Hr block 2011 tax software S. Hr block 2011 tax software civilian employees killed in the United States, attach a death certificate and a certification (letter) from the federal employer. Hr block 2011 tax software For other U. Hr block 2011 tax software S. Hr block 2011 tax software civilian employees killed overseas, attach a certification from the Department of State. Hr block 2011 tax software   If you do not have enough tax information to file a timely claim for refund, you can suspend the period for filing a claim by filing Form 1040X. Hr block 2011 tax software Attach Form 1310, any required documentation currently available, and a statement that you will file an amended claim as soon as you have the required tax information. Hr block 2011 tax software Joint returns. Hr block 2011 tax software   If a joint return was filed, only the decedent's part of the income tax liability is eligible for forgiveness. Hr block 2011 tax software Determine the decedent's tax liability as follows. Hr block 2011 tax software Figure the income tax for which the decedent would have been liable if a separate return had been filed. Hr block 2011 tax software Figure the income tax for which the spouse would have been liable if a separate return had been filed. Hr block 2011 tax software Multiply the joint tax liability by a fraction. Hr block 2011 tax software The numerator of the fraction is the amount in (1), above. Hr block 2011 tax software The denominator of the fraction is the total of (1) and (2). Hr block 2011 tax software   The resulting amount from (3) above is the decedent's tax liability eligible for forgiveness. Hr block 2011 tax software Filing Reminders To minimize the time needed to process the decedent's final return and issue any refund, be sure to follow these procedures. Hr block 2011 tax software Write “DECEASED,” the decedent's name, and the date of death across the top of the tax return. Hr block 2011 tax software If a personal representative has been appointed, the personal representative must sign the return. Hr block 2011 tax software If it is a joint return, the surviving spouse must also sign it. Hr block 2011 tax software If you are the decedent's spouse filing a joint return with the decedent and no personal representative has been appointed, write “Filing as surviving spouse” in the area where you sign the return. Hr block 2011 tax software If no personal representative has been appointed and if there is no surviving spouse, the person in charge of the decedent's property must file and sign the return as “personal representative. Hr block 2011 tax software ” To claim a refund for the decedent, do the following. Hr block 2011 tax software If you are the decedent's spouse filing a joint return with the decedent, file only the tax return to claim the refund. Hr block 2011 tax software If you are the personal representative and the return is not a joint return filed with the decedent's surviving spouse, file the return and attach a copy of the certificate that shows your appointment by the court. Hr block 2011 tax software (A power of attorney or a copy of the decedent's will is not acceptable evidence of your appointment as the personal representative. Hr block 2011 tax software ) If you are filing an amended return, attach Form 1310 and a copy of the certificate of appointment (or, if you have already sent the certificate of appointment to IRS, write “Certificate Previously Filed” at the bottom of Form 1310). Hr block 2011 tax software If you are not filing a joint return as the surviving spouse and a personal representative has not been appointed, file the return and attach Form 1310. Hr block 2011 tax software Other Tax Information Discussed below is information about the effect of an individual's death on the income tax liability of the survivors (including widows and widowers), the beneficiaries, and the estate. Hr block 2011 tax software Tax Benefits for Survivors Survivors can qualify for certain benefits when filing their own income tax returns. Hr block 2011 tax software Joint return by surviving spouse. Hr block 2011 tax software   A surviving spouse can file a joint return for the year of death and may qualify for special tax rates for the following 2 years, as explained under Qualifying widows and widowers, later. Hr block 2011 tax software Decedent as your dependent. Hr block 2011 tax software   If the decedent qualified as your dependent for a part of the year before death, you can claim the exemption for the dependent on your tax return, regardless of when death occurred during the year. Hr block 2011 tax software   If the decedent was your qualifying child, you may be able to claim the child tax credit or the earned income credit. Hr block 2011 tax software To determine if you qualify for the child tax credit, see the instructions for Form 1040, line 51; Form 1040A, line 33; or Form 1040NR, line 48. Hr block 2011 tax software To determine if you qualify for the earned income credit, see the instructions for Form 1040, lines 64a and 64b or Form 1040A, lines 38a and 38b. Hr block 2011 tax software Qualifying widows and widowers. Hr block 2011 tax software   If your spouse died within the 2 tax years preceding the year for which your return is being filed, you may be eligible to claim the filing status of qualifying widow(er) with dependent child and qualify to use the married-filing-jointly tax rates. Hr block 2011 tax software Requirements. Hr block 2011 tax software   Generally, you qualify for this special benefit if you meet all of the following requirements. Hr block 2011 tax software You were entitled to file a joint return with your spouse for the year of death—whether or not you actually filed jointly. Hr block 2011 tax software You did not remarry before the end of the current tax year. Hr block 2011 tax software You have a child, stepchild, or foster child who qualifies as your dependent for the tax year. Hr block 2011 tax software You provide more than half the cost of maintaining your home, which is the principal residence of that child for the entire year except for temporary absences. Hr block 2011 tax software Example. Hr block 2011 tax software William Burns' wife died in 2010. Hr block 2011 tax software William has not remarried and continued throughout 2011 and 2012 to maintain a home for himself and his dependent child. Hr block 2011 tax software For 2010, he was entitled to file a joint return for himself and his deceased wife. Hr block 2011 tax software For 2011 and 2012, he qualifies to file as a qualifying widower with dependent child. Hr block 2011 tax software For later years, he may qualify to file as a head of household. Hr block 2011 tax software Figuring your tax. Hr block 2011 tax software   Check the box on line 5 (Form 1040 or 1040A) under Filing Status on your tax return. Hr block 2011 tax software Use the Tax Rate Schedule or the column in the Tax Table for Married filing jointly, which gives you the split-income benefits. Hr block 2011 tax software   The last year you can file jointly with, or claim an exemption for, your deceased spouse is the year of death. Hr block 2011 tax software Joint return filing rules. Hr block 2011 tax software   If you are the surviving spouse and a personal representative is handling the estate for the decedent, you should coordinate filing your return for the year of death with this personal representative. Hr block 2011 tax software See Joint Return under Final Income Tax Return for Decedent—Form 1040, earlier. Hr block 2011 tax software Income in Respect of a Decedent All income the decedent would have received had death not occurred that was not properly includible on the final return, discussed earlier, is income in respect of a decedent. Hr block 2011 tax software If the decedent is a specified terrorist victim (see Specified Terrorist Victim, earlier), income received after the date of death and before the end of the decedent's tax year (determined without regard to death) is excluded from the recipient's gross income. Hr block 2011 tax software This exclusion does not apply to certain income. Hr block 2011 tax software For more information, see Publication 3920. Hr block 2011 tax software How To Report Income in respect of a decedent must be included in the income of one of the following. Hr block 2011 tax software The decedent's estate, if the estate receives it. Hr block 2011 tax software The beneficiary, if the right to income is passed directly to the beneficiary and the beneficiary receives it. Hr block 2011 tax software Any person to whom the estate properly distributes the right to receive it. Hr block 2011 tax software If you have to include income in respect of a decedent in your gross income and an estate tax return (Form 706) was filed for the decedent, you may be able to claim a deduction for the estate tax paid on that income. Hr block 2011 tax software See Estate Tax Deduction, later. Hr block 2011 tax software Example 1. Hr block 2011 tax software Frank Johnson owned and operated an apple orchard. Hr block 2011 tax software He used the cash method of accounting. Hr block 2011 tax software He sold and delivered 1,000 bushels of apples to a canning factory for $2,000, but did not receive payment before his death. Hr block 2011 tax software The proceeds from the sale are income in respect of a decedent. Hr block 2011 tax software When the estate was settled, payment had not been made and the estate transferred the right to the payment to his widow. Hr block 2011 tax software When Frank's widow collects the $2,000, she must include that amount in her return. Hr block 2011 tax software It is not reported on the final return of the decedent or on the return of the estate. Hr block 2011 tax software Example 2. Hr block 2011 tax software Assume the same facts as in Example 1, except that Frank used the accrual method of accounting. Hr block 2011 tax software The amount accrued from the sale of the apples would be included on his final return. Hr block 2011 tax software Neither the estate nor the widow would realize income in respect of a decedent when the money is later paid. Hr block 2011 tax software Example 3. Hr block 2011 tax software On February 1, George High, a cash method taxpayer, sold his tractor for $3,000, payable March 1 of the same year. Hr block 2011 tax software His adjusted basis in the tractor was $2,000. Hr block 2011 tax software George died on February 15, before receiving payment. Hr block 2011 tax software The gain to be reported as income in respect of a decedent is the $1,000 difference between the decedent's basis in the property and the sale proceeds. Hr block 2011 tax software In other words, the income in respect of a decedent is the gain the decedent would have realized had he lived. Hr block 2011 tax software Example 4. Hr block 2011 tax software Cathy O'Neil was entitled to a large salary payment at the date of her death. Hr block 2011 tax software The amount was to be paid in five annual installments. Hr block 2011 tax software The estate, after collecting two installments, distributed the right to the remaining installments to you, the beneficiary. Hr block 2011 tax software The payments are income in respect of a decedent. Hr block 2011 tax software None of the payments were includible on Cathy's final return. Hr block 2011 tax software The estate must include in its income the two installments it received, and you must include in your income each of the three installments as you receive them. Hr block 2011 tax software Example 5. Hr block 2011 tax software You inherited the right to receive renewal commissions on life insurance sold by your father before his death. Hr block 2011 tax software You inherited the right from your mother, who acquired it by bequest from your father. Hr block 2011 tax software Your mother died before she received all the commissions she had the right to receive, so you received the rest. Hr block 2011 tax software The commissions are income in respect of a decedent. Hr block 2011 tax software None of these commissions were includible in your father's final return. Hr block 2011 tax software The commissions received by your mother were included in her income. Hr block 2011 tax software The commissions you received are not includible in your mother's income, even on her final return. Hr block 2011 tax software You must include them in your income. Hr block 2011 tax software Character of income. Hr block 2011 tax software   The character of the income you receive in respect of a decedent remains the same as it would have been to the decedent if he or she were alive. Hr block 2011 tax software If the income would have been a capital gain to the decedent, it will be a capital gain to you. Hr block 2011 tax software Transfer of right to income. Hr block 2011 tax software   If you transfer your right to income in respect of a decedent, you must include in your income the greater of: The amount you receive for the right, or The fair market value of the right you transfer. Hr block 2011 tax software   If you make a gift of such a right, you must include in your income the fair market value of the right at the time of the gift. Hr block 2011 tax software   If the right to income from an installment obligation is transferred, the amount you must include in income is reduced by the basis of the obligation. Hr block 2011 tax software See Installment obligations, later. Hr block 2011 tax software Transfer defined. Hr block 2011 tax software   A transfer for this purpose includes a sale, exchange, or other disposition, the satisfaction of an installment obligation at other than face value, or the cancellation of an installment obligation. Hr block 2011 tax software Installment obligations. Hr block 2011 tax software   If the decedent sold property using the installment method and you are collecting payments on an installment obligation acquired from the decedent, use the same gross profit percentage the decedent used to figure the part of each payment that represents profit. Hr block 2011 tax software Include in your income the same profit the decedent would have included had death not occurred. Hr block 2011 tax software For more information, see Publication 537, Installment Sales. Hr block 2011 tax software   If you dispose of an installment obligation acquired from a decedent (other than by transfer to the obligor), the rules explained in Publication 537 for figuring gain or loss on the disposition apply to you. Hr block 2011 tax software Transfer to obligor. Hr block 2011 tax software   A transfer of a right to income, discussed earlier, has occurred if the decedent (seller) sold property using the installment method and the installment obligation was transferred to the obligor (buyer or person legally obligated to pay the installments). Hr block 2011 tax software A transfer also occurs if the obligation was canceled either at death or by the estate or person receiving the obligation from the decedent. Hr block 2011 tax software An obligation that becomes unenforceable is treated as having been canceled. Hr block 2011 tax software   If such a transfer occurs, the amount included in the income of the transferor (the estate or beneficiary) is the greater of the amount received or the fair market value of the installment obligation at the time of transfer, reduced by the basis of the obligation. Hr block 2011 tax software The basis of the obligation is the decedent's basis, adjusted for all installment payments received after the decedent's death and before the transfer. Hr block 2011 tax software   If the decedent and obligor were related persons, the fair market value of the obligation cannot be less than its face value. Hr block 2011 tax software Specific Types of Income in Respect of a Decedent This section explains and provides examples of some specific types of income in respect of a decedent. Hr block 2011 tax software Wages. Hr block 2011 tax software   The entire amount of wages or other employee compensation earned by the decedent but unpaid at the time of death is income in respect of a decedent. Hr block 2011 tax software The income is not reduced by any amounts withheld by the employer. Hr block 2011 tax software If the income is $600 or more, the employer should report it in box 3 of Form 1099-MISC, Miscellaneous Income, and give the recipient a copy of the form or a similar statement. Hr block 2011 tax software   Wages paid as income in respect of a decedent are not subject to federal income tax withholding. Hr block 2011 tax software However, if paid during the calendar year of death, they are subject to withholding for social security and Medicare taxes. Hr block 2011 tax software These taxes should be included on the decedent's Form W-2 along with the taxes withheld before death. Hr block 2011 tax software These wages are not included in box 1 of Form W-2. Hr block 2011 tax software   Wages paid as income in respect of a decedent after the year of death generally are not subject to withholding for any federal taxe
Print - Click this link to Print this page

IRS Guidance

IRS Guidance in Plain English
This is a starting point for understanding some of the basic guidance issued by the IRS.

Internal Revenue Bulletins (after June 2003) ( after June 1995 - PDF only)
The Internal Revenue Bulletin (IRB) is the authoritative instrument of the IRS for announcing all substantive rulings necessary to promote a uniform application of tax law. Issues after June 2003 are available in both HTML and PDF formats; earlier issues are in PDF only.

Advance Notices
The IRS sometimes releases Rulings, Procedures and other technical items in advance of publishing them in the Internal Revenue Bulletin. The full text of these advance notices is available in PDF format. This list’s filenames are based on the items’ designations — for example, Announcement 2003-40 is “a-03-40,” Notice 2003-30 is “n-03-30,” Revenue Procedure 2003-50 is "rp-03-50” and Revenue Ruling 2003-60 is "rr-03-60."

Tax Regulations
In addition to the regulations that interpret the tax laws, there are links to various technical resources.

Internal Revenue Code
The codified collection of U.S. laws on income, estate and gift, employment and excise taxes, plus administrative and procedural provisions.

IRS Written Determinations
Rulings or determinations issued by the IRS, including Technical Advice Memoranda and Chief Counsel Advice. Sorted by most recent publication number, the listing may also be sorted by Uniform Issue List codes.

Electronic Reading Room
A collection of links to published guidance, rulings, administrative manuals and other items.

Page Last Reviewed or Updated: 06-Mar-2014

The Hr Block 2011 Tax Software

Hr block 2011 tax software 14. Hr block 2011 tax software   Venta de Bienes Table of Contents Recordatorio Introduction Useful Items - You may want to see: Ventas y CanjesQué es una Venta o Canje Cómo Calcular Pérdidas o Ganancias Canjes no Sujetos a Impuestos Traspasos entre Cónyuges Transacciones entre Partes Vinculadas Pérdidas y Ganancias de CapitalPérdidas o Ganancias Ordinarias o de Capital Bienes de Capital y Bienes que no Son de Capital Período de Tenencia Deudas Incobrables no Empresariales Ventas Ficticias Reinversiones de Ganancia de Valores Cotizados en Bolsa Recordatorio Ingresos del extranjero. Hr block 2011 tax software  Si es ciudadano de los EE. Hr block 2011 tax software UU. Hr block 2011 tax software y vende propiedad ubicada fuera de los Estados Unidos, tiene que declarar todas las ganancias y pérdidas provenientes de la venta de dicha propiedad en su declaración de impuestos, a menos que esté exenta conforme a las leyes de los Estados Unidos. Hr block 2011 tax software Este es el caso independientemente de si vive en o fuera de los Estados Unidos e independientemente de si recibe o no un Formulario 1099 del pagador. Hr block 2011 tax software Introduction Este capítulo trata sobre las consecuencias tributarias de vender o canjear bienes de inversión. Hr block 2011 tax software Entre los temas que se explican, se encuentran: Qué es una venta o canje. Hr block 2011 tax software Cómo calcular una ganancia o pérdida. Hr block 2011 tax software Canjes no sujetos a impuestos. Hr block 2011 tax software Transacciones entre partes vinculadas. Hr block 2011 tax software Pérdidas o ganancias de capital. Hr block 2011 tax software Bienes de capital y bienes que no son de capital. Hr block 2011 tax software Período de tenencia. Hr block 2011 tax software Reinversión de la ganancia proveniente de la venta de valores cotizados en bolsa. Hr block 2011 tax software Otras transacciones de bienes. Hr block 2011 tax software   Algunos traspasos de bienes no se tratan aquí. Hr block 2011 tax software Éstos se explican en otras publicaciones del IRS. Hr block 2011 tax software Dichas transacciones incluyen: La venta de una vivienda principal, que se explica en el capítulo 15. Hr block 2011 tax software Las ventas a plazos, las cuales se explican en la Publicación 537, Installment Sales (Ventas a plazo), en inglés. Hr block 2011 tax software Las transacciones que incluyen propiedades comerciales, las cuales se explican en la Publicación 544, Sales and Other Dispositions of Assets (Ventas y otras enajenaciones de bienes), en inglés. Hr block 2011 tax software Las enajenaciones de una participación en una actividad pasiva, las cuales se explican en la Publicación 925, Passive Activity and At-Risk Rules (Actividad pasiva y las reglas sobre el monto de riesgo), en inglés. Hr block 2011 tax software    La Publicación 550, Investment Income and Expenses (Including Capital Gains and Losses) (Ingresos y gastos de inversión (incluidas ganancias y pérdidas de capital)), en inglés, provee información más detallada acerca de las ventas y canjes de bienes de inversión. Hr block 2011 tax software La Publicación 550 incluye información acerca de las reglas sobre deudas incobrables no empresariales, combinación de contratos de opción de compra y venta, contratos conforme a la sección 1256, contratos de opción de compra y venta, futuros de productos básicos, ventas en descubierto y ventas ficticias. Hr block 2011 tax software También trata sobre los gastos relacionados con las inversiones. Hr block 2011 tax software Useful Items - You may want to see: Publicación 550 Investment Income and Expenses (Ingresos y gastos de inversiones), en inglés Formulario (e Instrucciones) Anexo D (Formulario 1040) Capital Gains and Losses (Ganancias y pérdidas de capital), en inglés 8949 Sales and Other Dispositions of Capital Assets (Ventas y otras enajenaciones de activos de capital), en inglés 8824 Like-Kind Exchanges (Intercambios de bienes del mismo tipo), en inglés Ventas y Canjes Si durante el año vendió bienes como acciones, bonos o ciertos productos básicos a través de un agente corredor bursátil, por cada venta, éste debería entregarle el Formulario 1099-B, Proceeds From Broker and Barter Exchange Transactions (Ganancias de transacciones de agentes de bolsa y trueque), en inglés, o un documento sustitutivo. Hr block 2011 tax software Por lo general, debería recibir el documento a más tardar el 15 de febrero del año siguiente. Hr block 2011 tax software Este documento mostrará las ganancias brutas de la venta. Hr block 2011 tax software Si usted vendió un valor bursátil amparado en el año 2013, la base de éste se indicará en su Formulario 1099-B (o documento sustitutivo). Hr block 2011 tax software Por lo general, un valor bursátil amparado es un valor bursátil que usted adquirió después de 2010 con ciertas excepciones. Hr block 2011 tax software Vea las Instrucciones para el Formulario 8949, en inglés. Hr block 2011 tax software El corredor le entregará al IRS una copia del Formulario 1099-B. Hr block 2011 tax software Use el Formulario 1099-B (o documento sustitutivo que le haya entregado el agente) para completar el Formulario 8949. Hr block 2011 tax software Qué es una Venta o Canje En esta sección se explica qué es una venta o canje. Hr block 2011 tax software También se explican ciertas transacciones y ciertos acontecimientos que se tratan como ventas o canjes. Hr block 2011 tax software Normalmente, una “venta” es el traspaso de bienes por dinero o hipoteca, pagaré u otra promesa de pago. Hr block 2011 tax software Un “canje” es el traspaso de bienes por otros bienes o servicios y se pueden imponer impuestos del mismo modo que una venta. Hr block 2011 tax software Compra y venta. Hr block 2011 tax software   Normalmente, una transacción no es un canje cuando vende voluntariamente bienes a cambio de efectivo e inmediatamente compra bienes similares para reponerlos. Hr block 2011 tax software La venta y compra son dos transacciones separadas. Hr block 2011 tax software No obstante, consulte Intercambios de bienes del mismo tipo bajo Canjes no Sujetos a Impuestos, más adelante. Hr block 2011 tax software Redención de acciones. Hr block 2011 tax software   Una redención de acciones se considera una venta o canje y está sujeta a las disposiciones de pérdidas o ganancias de capital a menos que la misma sea un dividendo u otra distribución de acciones. Hr block 2011 tax software Dividendo versus venta o canje. Hr block 2011 tax software   Una redención se trata como venta, canje, dividendo u otra distribución dependiendo de las circunstancias de cada caso. Hr block 2011 tax software Se tendrá en cuenta tanto la titularidad directa como la titularidad indirecta de la cartera de acciones. Hr block 2011 tax software La redención se considera una venta o canje de acciones si: La redención no es esencialmente equivalente a un dividendo (consulte el capítulo 8); Existe una redención de acciones muy desproporcionada; Existe una redención total de todas las acciones de la sociedad anónima que posee el accionista o Esta redención es una distribución en la liquidación parcial de una sociedad anónima. Hr block 2011 tax software Redención o cancelación de bonos. Hr block 2011 tax software   Normalmente, una redención o cancelación de bonos o pagarés al vencimiento se considera venta o canje. Hr block 2011 tax software   Además, una modificación significativa de un bono se trata como un canje del bono original por uno nuevo. Hr block 2011 tax software Para más información, vea la sección 1. Hr block 2011 tax software 1001-3 del Reglamento. Hr block 2011 tax software Rescate de acciones. Hr block 2011 tax software   El rescate de acciones efectuado por un accionista predominante que retiene la titularidad de más de la mitad de las acciones con derecho de voto pertenecientes a la sociedad anónima se considera una aportación al capital y no una pérdida inmediata deducible del ingreso sujeto a impuestos. Hr block 2011 tax software El accionista rescatante tiene que reasignar su base de las acciones rescatadas a las acciones que retuvo. Hr block 2011 tax software Valores bursátiles sin valor. Hr block 2011 tax software    Todas las acciones, los derechos de suscripción y bonos (que no sean aquéllos para la venta por un agente de valores) que perdieron por completo su valor durante el año tributario se considerarán vendidos el último día del año tributario. Hr block 2011 tax software Esto es aplicable si su pérdida de capital es de largo o corto plazo. Hr block 2011 tax software Consulte Período de Tenencia , más adelante. Hr block 2011 tax software   Los valores bursátiles sin valor incluyen también aquéllos abandonados después del 12 de marzo de 2008. Hr block 2011 tax software Para abandonar valores, tiene que renunciar permanentemente a todo derecho a los mismos sin recibir compensación alguna a cambio de éstos. Hr block 2011 tax software Todos los hechos y circunstancias determinan si la transacción se caracteriza correctamente como abandono u otro tipo de transacción, como una venta o intercambio, aportación al capital, dividendo o regalo. Hr block 2011 tax software    Si es contribuyente que usa el método de efectivo y realiza los pagos con un pagaré negociable que emitió para acciones que luego perdieron su valor, puede deducir estos pagos como pérdidas en los años en que realmente hizo los pagos. Hr block 2011 tax software No los deduzca en el año en que las acciones perdieron su valor. Hr block 2011 tax software Cómo declarar pérdidas. Hr block 2011 tax software    Declare los valores bursátiles sin valor en la Parte I o en la Parte II del Formulario 8949, según corresponda. Hr block 2011 tax software En la columna (a), anote “Worthless” (Sin valor). Hr block 2011 tax software Declare las transacciones de valores bursátiles sin valor en el Formulario 8949. Hr block 2011 tax software Marque el recuadro apropiado que corresponda a la clase de transacción. Hr block 2011 tax software Vea el Formulario 8949 y las Instrucciones para el Formulario 8949, en inglés. Hr block 2011 tax software Si desea obtener más información sobre el Formulario 8949 y el Anexo D (Formulario 1040), Capital Gains and Losses (Ganancias y pérdidas de capital), vea Cómo Declarar Ganancias y Pérdidas de Capital en el capítulo 16. Hr block 2011 tax software Además, vea el Anexo D (Formulario 1040), el Formulario 8949 y sus instrucciones por separado, en inglés. Hr block 2011 tax software Cómo reclamar un reembolso. Hr block 2011 tax software   Si no reclama una pérdida de valores bursátiles sin valor en la declaración original del año en que perdieron su valor, puede reclamar un crédito o reembolso por pérdidas. Hr block 2011 tax software Tiene que usar el Formulario 1040X, Amended U. Hr block 2011 tax software S. Hr block 2011 tax software Individual Income Tax Return (Declaración enmendada del impuesto federal estadounidense sobre los ingresos personales), en inglés, para enmendar la declaración del año en que sus valores perdieron valor. Hr block 2011 tax software Tiene que presentar la declaración dentro de los 7 años a partir de la fecha en la que tenía que presentar su declaración original para ese año, o bien dentro de un plazo de 2 años a partir de la fecha en que pagó el impuesto, lo que suceda más tarde. Hr block 2011 tax software Para obtener más información acerca de cómo presentar una reclamación, consulte Declaraciones Enmendadas y Reclamaciones de Reembolso en el capítulo 1. Hr block 2011 tax software Cómo Calcular Pérdidas o Ganancias Calcule las pérdidas o ganancias en una venta o canje de bienes comparando la cantidad recibida con la base ajustada de los bienes. Hr block 2011 tax software Ganancia. Hr block 2011 tax software   Si la cantidad que recibe de una venta o canje es mayor que la base ajustada de los bienes que traspasa, la diferencia es una ganancia. Hr block 2011 tax software Pérdida. Hr block 2011 tax software   Si la base ajustada de los bienes que traspasa es mayor que la cantidad que recibe, la diferencia es una pérdida. Hr block 2011 tax software Base ajustada. Hr block 2011 tax software   La base ajustada de los bienes es su costo original u otra base original ajustada correctamente (aumentada o disminuida) para ciertos conceptos. Hr block 2011 tax software Consulte el capítulo 13 para obtener más información acerca de cómo determinar la base ajustada de bienes. Hr block 2011 tax software Cantidad recibida. Hr block 2011 tax software   La cantidad que recibe de la venta o canje de bienes es todo lo que recibe por dichos bienes menos los gastos relacionados con la venta (cargos por redención, comisiones de ventas, gastos de ventas o exit fees (gastos por rescate anticipado de una inversión colocada en un fondo)). Hr block 2011 tax software La cantidad recibida incluye el dinero que recibe, más el valor justo de mercado de los bienes o servicios que recibe. Hr block 2011 tax software Si recibe un pagaré u otro instrumento de deuda por dichos bienes, para calcular la cantidad recibida, consulte How To Figure Gain or Loss (Cómo calcular las pérdidas o ganancias) en el capítulo 4 de la Publicación 550, en inglés. Hr block 2011 tax software Si financia la compra que hace el comprador de sus bienes (los de usted) y el instrumento de deuda no abarca los suficientes intereses establecidos, los intereses no establecidos que tiene que declarar como ingreso ordinario disminuirán la cantidad recibida de la venta. Hr block 2011 tax software Consulte la Publicación 537, en inglés, para obtener más información. Hr block 2011 tax software Valor justo de mercado. Hr block 2011 tax software   El valor justo de mercado es el precio que tienen los bienes al cambiar de dueño entre un comprador y un vendedor, sin que ninguno sea forzado a comprar o vender y teniendo ambos conocimiento razonable de todo hecho pertinente. Hr block 2011 tax software Ejemplo. Hr block 2011 tax software Usted canjea acciones de la Compañía A con una base ajustada de $7,000 por acciones de la Compañía B con un valor justo de mercado de $10,000, que es la cantidad que recibe. Hr block 2011 tax software Su ganancia es $3,000 ($10,000 − $7,000). Hr block 2011 tax software Deuda pagada por completo. Hr block 2011 tax software    Una deuda sobre los bienes, o en contra de usted, que se haya pagado por completo como parte de la transacción o que el comprador asuma, se tiene que incluir en la cantidad recibida. Hr block 2011 tax software Esto es aplicable aun si ni usted ni el comprador son personalmente responsables de la deuda. Hr block 2011 tax software Por ejemplo, si vende o canjea bienes que estén sujetos a un préstamo sin recurso, la cantidad que reciba generalmente incluye la cantidad total del pagaré asumido por el comprador, aun si la cantidad del pagaré es mayor que el valor justo de mercado de los bienes. Hr block 2011 tax software Ejemplo. Hr block 2011 tax software Usted vende acciones que ha dado en garantía para un préstamo bancario de $8,000. Hr block 2011 tax software Su base en las acciones es $6,000. Hr block 2011 tax software El comprador paga la totalidad de su préstamo bancario y le paga a usted $20,000 en efectivo. Hr block 2011 tax software La cantidad recibida es $28,000 ($20,000 + $8,000). Hr block 2011 tax software Su ganancia es $22,000 ($28,000 − $6,000). Hr block 2011 tax software Pago de efectivo. Hr block 2011 tax software   Si canjea bienes y efectivo por otros bienes, la cantidad que reciba es el valor justo de mercado de los bienes que reciba. Hr block 2011 tax software Determine sus pérdidas o ganancias restando el efectivo que pague más la base ajustada de los bienes que intercambie de la cantidad que reciba. Hr block 2011 tax software Si el resultado es un número positivo, es una ganancia. Hr block 2011 tax software Si el resultado es un número negativo, es una pérdida. Hr block 2011 tax software Sin pérdidas ni ganancias. Hr block 2011 tax software   Tal vez tenga que usar una base para calcular las ganancias distinta a la base para calcular las pérdidas. Hr block 2011 tax software En este caso, puede que no tenga ni ganancias ni pérdidas. Hr block 2011 tax software Consulte Base Distinta al Costo en el capítulo 13. Hr block 2011 tax software Canjes no Sujetos a Impuestos Esta sección trata sobre los canjes que no suelen generar una ganancia sujeta a impuestos o pérdida deducible. Hr block 2011 tax software Para obtener más información acerca de los canjes no sujetos a impuestos, consulte el capítulo 1 de la Publicación 544, en inglés. Hr block 2011 tax software Intercambio de bienes del mismo tipo. Hr block 2011 tax software   Si canjea bienes comerciales o de inversión por otros bienes comerciales o de inversión de un mismo tipo, no paga impuestos sobre las ganancias ni deduce pérdidas hasta que venda o enajene el bien que reciba. Hr block 2011 tax software Para estar exento de impuestos, el canje tiene que satisfacer las seis condiciones siguientes: Los bienes tienen que ser comerciales o de inversión. Hr block 2011 tax software Tiene que ser dueño de los bienes que canjea y los que recibe para fines de uso productivo en su ocupación o negocio o para inversión. Hr block 2011 tax software Ninguno de los bienes se puede usar para propósitos personales, como por ejemplo su vivienda o automóvil familiar. Hr block 2011 tax software Los bienes no pueden ser principalmente para la venta. Hr block 2011 tax software Los bienes que canjee y los que reciba no pueden ser bienes que venda a clientes, como mercancías. Hr block 2011 tax software Los bienes no pueden ser acciones, bonos, pagarés, derechos de acción, certificados de fideicomiso o derecho de usufructo ni otros valores o evidencia de deudas o intereses, incluidas las participaciones en sociedades colectivas. Hr block 2011 tax software Sin embargo, vea Special rules for mutual ditch, reservoir, or irrigation company stock (Reglas especiales para acciones de compañías de zanjas de uso compartido, embalses o represas o de riego) en el capítulo 4 de la Publicación 550 para ver una excepción. Hr block 2011 tax software Además, puede tener un canje no sujeto a impuestos de acciones de sociedades anónimas conforme a una regla distinta, como se describe más adelante. Hr block 2011 tax software Tiene que canjear bienes del mismo tipo. Hr block 2011 tax software El canje de bienes raíces por bienes raíces, o de bienes muebles por bienes muebles similares, es un canje de bienes del mismo tipo. Hr block 2011 tax software El canje de un edificio de apartamentos habitacional por un edificio de tienda o de un furgón por una camioneta es un canje de bienes del mismo tipo. Hr block 2011 tax software El canje de maquinaria por un edificio de tienda no es un canje de bienes del mismo tipo. Hr block 2011 tax software Los bienes raíces ubicados dentro de los Estados Unidos y aquéllos ubicados fuera de los Estados Unidos no son bienes del mismo tipo. Hr block 2011 tax software Asimismo, los bienes muebles utilizados predominantemente dentro de los Estados Unidos y los bienes muebles utilizados predominantemente fuera de los Estados Unidos no son bienes del mismo tipo. Hr block 2011 tax software Los bienes que se reciben tienen que identificarse por escrito dentro de los 45 días después de la fecha en que haya traspasado los bienes entregados en el canje. Hr block 2011 tax software Los bienes que se reciben tienen que recibirse a más tardar para una de las fechas siguientes, la que suceda antes: El día número 180 después de la fecha en que usted traspasó los bienes entregados en el canje o La fecha de vencimiento, incluidas las prórrogas, de su declaración de impuestos del año en que se produzca el traspaso de los bienes entregados en el canje. Hr block 2011 tax software   Puede aplicar una regla especial si canjea bienes con una parte vinculada en un intercambio de bienes del mismo tipo. Hr block 2011 tax software Consulte Transacciones entre Partes Vinculadas , más adelante en este capítulo. Hr block 2011 tax software Además, consulte el capítulo 1 de la Publicación 544, en inglés, para obtener más información acerca de los intercambios de bienes comerciales y de reglas especiales para intercambios con intermediarios calificados o de varios bienes. Hr block 2011 tax software Intercambio parcialmente no sujeto a impuestos. Hr block 2011 tax software   Si recibe dinero o bienes que no son del mismo tipo además de bienes del mismo tipo, y se cumplen las seis condiciones anteriores, significa que tiene un canje parcialmente no sujeto a impuestos. Hr block 2011 tax software Se gravan impuestos sobre las ganancias que obtenga, pero sólo hasta la cantidad de dinero y el valor justo de mercado de los bienes que reciba que no sean del mismo tipo. Hr block 2011 tax software No puede deducir una pérdida. Hr block 2011 tax software Traspaso de bienes del mismo tipo y de bienes que no son del mismo tipo. Hr block 2011 tax software   Si entrega bienes que no son del mismo tipo además de bienes del mismo tipo, tiene que reconocer pérdidas o ganancias en aquéllos que entregue que no sean del mismo tipo. Hr block 2011 tax software Las pérdidas o ganancias son la diferencia entre la base ajustada de los bienes que no son del mismo tipo y su valor justo de mercado. Hr block 2011 tax software Bienes del mismo tipo y dinero traspasados. Hr block 2011 tax software   Si se satisfacen todas las condiciones (1) a (6) que aparecen enumeradas anteriormente, tiene un canje no sujeto a impuestos aun si paga dinero además de los bienes del mismo tipo. Hr block 2011 tax software Base de bienes recibidos. Hr block 2011 tax software   Para calcular la base de los bienes recibidos, consulte Intercambios no Tributables en el capítulo 13. Hr block 2011 tax software Cómo declarar el canje. Hr block 2011 tax software   Tiene que declarar el canje de bienes del mismo tipo en el Formulario 8824, Like-Kind Exchanges (Intercambio de bienes del mismo tipo) en inglés. Hr block 2011 tax software Si calcula pérdidas o ganancias reconocidas en el Formulario 8824, declárelas en el Anexo D (Formulario 1040) o en el Formulario 4797, Sales of Business Property (Ventas de bienes comerciales), en inglés, según corresponda. Hr block 2011 tax software Vea las instrucciones para la línea 22 en las Instrucciones para el Formulario 8824, disponibles en inglés. Hr block 2011 tax software   Para obtener más información acerca del uso del Formulario 4797, consulte el capítulo 4 de la Publicación 544, en inglés. Hr block 2011 tax software Acciones de sociedades anónimas. Hr block 2011 tax software   Los siguientes canjes de acciones de sociedades anónimas generalmente no resultan en una ganancia sujeta a impuestos o pérdida deducible. Hr block 2011 tax software Reorganizaciones de sociedades anónimas. Hr block 2011 tax software   En algunos casos, una compañía le entregará acciones ordinarias a cambio de acciones preferentes, acciones preferentes a cambio de acciones ordinarias, o bien acciones de una sociedad anónima a cambio de acciones de otra. Hr block 2011 tax software Si esto es resultado de una fusión, recapitalización, traspaso a una sociedad anónima controlada, bancarrota (quiebra), división de sociedades anónimas, adquisición de sociedades anónimas u otra reorganización de sociedades anónimas, usted no reconoce pérdidas ni ganancias. Hr block 2011 tax software Acciones por acciones de la misma sociedad anónima. Hr block 2011 tax software   Puede intercambiar acciones ordinarias por acciones ordinarias o acciones preferentes por acciones preferentes de la misma sociedad anónima sin tener pérdidas ni ganancias reconocidas. Hr block 2011 tax software Esto es aplicable en un canje entre dos accionistas y también en un canje entre un accionista y la sociedad anónima. Hr block 2011 tax software Acciones y bonos convertibles. Hr block 2011 tax software   Normalmente, no tendrá pérdidas ni ganancias reconocidas si convierte bonos en acciones o acciones preferentes en acciones ordinarias de la misma sociedad anónima, según un privilegio de conversión en los términos del bono o del certificado de las acciones preferentes. Hr block 2011 tax software Bienes por acciones de una sociedad anónima controlada. Hr block 2011 tax software   Si traspasa bienes a una sociedad anónima únicamente a cambio de acciones de esa sociedad anónima, e inmediatamente después del canje usted se queda con el control de la sociedad anónima, normalmente no reconocerá pérdidas ni ganancias. Hr block 2011 tax software Esta regla se aplica a personas físicas y a grupos que traspasan bienes a una sociedad anónima. Hr block 2011 tax software No es aplicable si la sociedad anónima es una sociedad inversionista. Hr block 2011 tax software   Para estos efectos y para estar en control de una sociedad anónima, usted o su grupo de cesionistas tiene que poseer, inmediatamente después del intercambio, por lo menos el 80% del poder total combinado de votos de todas las clases de acciones con derecho a voto y por lo menos el 80% de las acciones en circulación de cada clase de acción sin derecho a voto de la sociedad anónima. Hr block 2011 tax software   Si esta disposición es aplicable en su caso, puede tener que tenga que adjuntar a la declaración de impuestos una declaración completa de todo hecho pertinente al intercambio. Hr block 2011 tax software Para más detalles, vea la sección 1. Hr block 2011 tax software 351-3 del Reglamento. Hr block 2011 tax software Información adicional. Hr block 2011 tax software   Para obtener más información acerca de los canjes de acciones, consulte Nontaxable Trades (Canjes no sujetos a impuestos) en el capítulo 4 de la Publicación 550, en inglés. Hr block 2011 tax software Pólizas de seguros y anualidades. Hr block 2011 tax software   No tendrá ganancias ni pérdidas reconocidas si el asegurado o pensionista es el mismo en ambos contratos y usted intercambia: Un contrato de seguro de vida por otro contrato de seguro de vida o por un contrato dotal o de anualidad, o por un contrato de cuidados a largo plazo calificado; Un contrato dotal por otro contrato dotal que estipule pagos regulares, a partir de una fecha no posterior a la fecha de inicio conforme al contrato antiguo o por un contrato de anualidad o por un contrato de cuidados a largo plazo calificado; Un contrato de anualidad por otro contrato de anualidad o por un contrato de cuidados a largo plazo calificado o Un contrato de cuidados a largo plazo calificado por un contrato de cuidados a largo plazo calificado. Hr block 2011 tax software   Puede que tampoco tenga que reconocer pérdidas ni ganancias en un intercambio de parte de un contrato de anualidad por otro contrato de anualidad. Hr block 2011 tax software Para información sobre traspasos completados antes del 24 de octubre de 2011, consulte la Revenue Ruling 2003-76 (Resolución Administrativa Tributaria 2003-76 en el Internal Revenue Bulletin 2003-33 (Boletín de Impuestos Internos 2003-33), en inglés, y la Revenue Procedure 2008-24 (Procedimiento Tributario 2008-24) en el Internal Revenue Bulletin 2008-13 (Boletín de Impuestos Internos 2008-13). Hr block 2011 tax software La Resolución Administrativa Tributaria 2003-76 está disponible en www. Hr block 2011 tax software irs. Hr block 2011 tax software gov/irb/2003-33_IRB/ar11. Hr block 2011 tax software html. Hr block 2011 tax software El Procedimiento Tributario 2008-24 está disponible en www. Hr block 2011 tax software irs. Hr block 2011 tax software gov/irb/2008-3_IRB/ar13. Hr block 2011 tax software html. Hr block 2011 tax software Para información sobre traspasos completados el 24 de octubre de 2011 o después, consulte la Resolución Administrativa Tributaria 2003-76, indicada anteriormente, y el Revenue Procedure 2011-38 (Procedimiento Tributario 2011-38) en el Internal Revenue Bulletin 2011-30 (Boletín de Impuestos Internos 2011-30), en inglés. Hr block 2011 tax software El Procedimiento Tributario 2011-38 está disponible en www. Hr block 2011 tax software irs. Hr block 2011 tax software gov/irb/2011-30_IRB/ar09. Hr block 2011 tax software html. Hr block 2011 tax software   Para años tributarios que empiezan después del 31 de diciembre de 2010, las cantidades recibidas como una anualidad por un período de 10 años o más o por la vida de una o más personas físicas, conforme a cualquier parte de un contrato de anualidad, contrato dotal o de seguro de vida, son tratadas como un contrato por separado y se consideran anualidades parciales. Hr block 2011 tax software Puede empezar a recibir los pagos correspondientes a una parte de una anualidad, contrato dotal o contrato de seguro de vida (anualización), provisto que el período de su distribución sea por 10 años o más, o por la vida de una o más personas físicas. Hr block 2011 tax software La inversión en el contrato es asignada entre la parte del contrato cuyas cantidades se reciban como una anualidad y la parte del contrato cuyas cantidades no se reciban como una anualidad. Hr block 2011 tax software   Los intercambios de contratos no incluidos en esta lista, como por ejemplo un contrato de anualidad por un contrato de seguro dotal, o bien un contrato de seguro dotal o anualidad por un contrato de seguro de vida, están sujetos a impuestos. Hr block 2011 tax software Desmutualización de compañías de seguros de vida. Hr block 2011 tax software   Si recibió acciones a cambio de su participación en el patrimonio neto como titular de póliza o pensionista, normalmente no tendrá pérdidas ni ganancias reconocidas. Hr block 2011 tax software Consulte Demutualization of Life Insurance Companies (Desmutualización de compañías de seguros de vida) en la Publicación 550, en inglés. Hr block 2011 tax software Pagarés o bonos del Tesoro de los Estados Unidos. Hr block 2011 tax software   Puede canjear ciertas emisiones de obligación del Tesoro de los Estados Unidos por otras emisiones designadas por el Secretario del Tesoro, sin pérdidas ni ganancias reconocidas en el canje. Hr block 2011 tax software Vea información adicional sobre este tema en el tema titulado Savings bonds traded (Cambio de los bonos de ahorro), en el capítulo 1 de la Publicación 550, en inglés. Hr block 2011 tax software Traspasos entre Cónyuges En general, no se reconocen las pérdidas ni las ganancias en un traspaso de bienes de una persona física a (o en fideicomiso para el beneficio de) un cónyuge, o en caso de divorcio, a un ex cónyuge. Hr block 2011 tax software Esta regla de no reconocimiento no es aplicable en las siguientes situaciones: El cónyuge o ex cónyuge beneficiario es extranjero no residente. Hr block 2011 tax software Se traspasan bienes en fideicomiso y la obligación excede de la base. Hr block 2011 tax software Las ganancias tienen que ser reconocidas en la medida en que la cantidad de las obligaciones asumidas por el fideicomiso, más las demás obligaciones sobre los bienes, sean mayores que la base ajustada de los mismos. Hr block 2011 tax software Para otras situaciones, vea el tema titulado Transfers Between Spouses (Traspasos entre cónyuges), en el capítulo 4 de la Publicación 550, en inglés. Hr block 2011 tax software El beneficiario trata todo traspaso de bienes a un cónyuge o ex cónyuge, sobre el cual no se reconocen pérdidas ni ganancias, como un regalo y no se considera venta ni intercambio. Hr block 2011 tax software La base del beneficiario en los bienes será la misma que la base ajustada del donante inmediatamente antes del traspaso. Hr block 2011 tax software Esta regla de traslado de la base se aplica independientemente de si la base ajustada de bienes traspasados es menor que, igual a, o mayor que el valor justo de mercado al momento del traspaso o menor que, igual a, o mayor que toda compensación pagada por el beneficiario. Hr block 2011 tax software Esta regla es aplicable en la determinación de ganancias y pérdidas. Hr block 2011 tax software Una ganancia reconocida sobre un traspaso de fideicomiso aumenta la base. Hr block 2011 tax software Un traspaso de bienes está relacionado con un divorcio si el traspaso sucede dentro de 1 año después de la fecha en la que termina el matrimonio o si se relaciona con la terminación del matrimonio. Hr block 2011 tax software Transacciones entre Partes Vinculadas Hay reglas especiales que son aplicables a la venta o canje de bienes entre partes vinculadas. Hr block 2011 tax software Ganancias sobre ventas o canje de bienes depreciables. Hr block 2011 tax software   Su ganancia de la venta o canje de bienes a una parte vinculada puede ser ingreso ordinario, y no ganancia de capital, si la parte que recibe los bienes puede depreciarlos. Hr block 2011 tax software Para obtener más información, consulte el capítulo 3 de la Publicación 544, en inglés. Hr block 2011 tax software Intercambio de bienes del mismo tipo. Hr block 2011 tax software   Normalmente, si canjea bienes comerciales o de inversión por otros bienes comerciales o de inversión del mismo tipo, no se reconocen pérdidas ni ganancias. Hr block 2011 tax software Consulte Intercambios de bienes del mismo tipo , anteriormente, bajo Canjes no Sujetos a Impuestos. Hr block 2011 tax software   Esta regla también es aplicable a los canjes de bienes entre partes vinculadas, lo que se define a continuación en Pérdidas sobre ventas o canjes de bienes . Hr block 2011 tax software Sin embargo, si usted o la parte vinculada enajena los bienes del mismo tipo dentro de los 2 años después del canje, ambos tienen que declarar pérdidas o ganancias no reconocidas en el canje original en la declaración presentada para el año en que se produzca la última enajenación. Hr block 2011 tax software Las excepciones a esta regla se hallan en el tema titulado Related Party Transactions (Transacciones entre partes vinculadas), en el capítulo 4 de la Publicación 550, en inglés. Hr block 2011 tax software Pérdidas sobre ventas o canjes de bienes. Hr block 2011 tax software   No puede deducir una pérdida sobre la venta o canje de bienes, salvo una distribución de la liquidación completa de una sociedad anónima, si la transacción se hace directa o indirectamente entre usted y las siguientes partes vinculadas: Miembros de su familia. Hr block 2011 tax software Incluye únicamente a sus hermanos y hermanas, medios hermanos y medias hermanas, cónyuge, antecesores (padres, abuelos, etc. Hr block 2011 tax software ) y descendientes directos (hijos, nietos, etcétera). Hr block 2011 tax software Una sociedad colectiva en la que tuvo directa o indirectamente más del 50% de la participación en el capital o en las utilidades. Hr block 2011 tax software Una sociedad anónima en la que tuvo directa o indirectamente más del 50% del valor de las acciones en circulación. Hr block 2011 tax software Consulte Propiedad implícita de acciones , más adelante. Hr block 2011 tax software Una organización caritativa o educativa exenta de impuestos que usted o un miembro de su familia controla directa o indirectamente, de cualquier forma o método, sin importar si este control es ejecutable legalmente. Hr block 2011 tax software   Además, no se puede deducir una pérdida sobre la venta o canje de bienes, si la transacción se hace directa o indirectamente entre las siguientes partes vinculadas: Un cesionista y un fiduciario, o el fiduciario y el beneficiario, de cualquier fideicomiso. Hr block 2011 tax software Fiduciarios de dos fideicomisos diferentes, o el fiduciario y el beneficiario de dos fideicomisos diferentes, si la misma persona es el cesionista de ambos fideicomisos. Hr block 2011 tax software Un fiduciario de fideicomiso y una sociedad anónima en la que más del 50% del valor de las acciones en circulación son de propiedad directa o indirecta del fideicomiso o para el mismo, o bien del cesionista del fideicomiso o para el mismo. Hr block 2011 tax software Una sociedad anónima y una sociedad colectiva si las mismas personas poseen más del 50% del valor de las acciones en circulación de la sociedad anónima y más del 50% de participación en el capital o participación en las utilidades de la sociedad colectiva. Hr block 2011 tax software Dos sociedades anónimas de tipo S si las mismas personas poseen más del 50% del valor de las acciones en circulación de cada sociedad anónima. Hr block 2011 tax software Dos sociedades anónimas, una de las cuales es una sociedad anónima de tipo S, si las mismas personas poseen más del 50% del valor de las acciones en circulación de cada sociedad anónima. Hr block 2011 tax software Un albacea y un beneficiario de un caudal hereditario (excepto en el caso de venta o canje para satisfacer una asignación testamentaria pecuniaria). Hr block 2011 tax software Dos sociedades anónimas que sean miembros del mismo grupo controlado. Hr block 2011 tax software (Sin embargo, en ciertas condiciones estas pérdidas no son denegadas, pero se tienen que diferir). Hr block 2011 tax software Dos sociedades colectivas si las mismas personas poseen, directa o indirectamente, más del 50% de la participación en el capital o de las utilidades en ambas sociedades colectivas. Hr block 2011 tax software Ventas o canjes de bienes múltiples. Hr block 2011 tax software   Si vende a una parte vinculada o canjea con ésta una cantidad de paquetes de acciones o bienes en una suma global, tiene que calcular las pérdidas o ganancias por separado para cada paquete de acciones o bienes. Hr block 2011 tax software Es posible que la ganancia por cada artículo pueda estar sujeta a impuestos. Hr block 2011 tax software Sin embargo, no puede deducir la pérdida de artículo alguno. Hr block 2011 tax software Tampoco puede reducir las ganancias provenientes de la venta de ninguno de estos artículos por las pérdidas provenientes de la venta de ninguno de los demás artículos. Hr block 2011 tax software Transacciones indirectas. Hr block 2011 tax software   No puede deducir las pérdidas de la venta de acciones a través de su agente si, conforme a un plan dispuesto previamente, una parte vinculada compra las mismas acciones que eran de usted. Hr block 2011 tax software Esto no es aplicable a un canje entre partes vinculadas a través de un intercambio que sea absolutamente fortuito y que no haya sido programado con antelación. Hr block 2011 tax software Propiedad implícita de acciones. Hr block 2011 tax software   Para determinar si una persona posee directa o indirectamente acciones vigentes de una sociedad anónima, se aplican las siguientes reglas: Regla 1. Hr block 2011 tax software   Las acciones de propiedad directa o indirecta de o para una sociedad anónima, sociedad colectiva, caudal hereditario o fideicomiso se consideran de propiedad proporcionalmente por o para sus accionistas, socios o beneficiarios. Hr block 2011 tax software Regla 2. Hr block 2011 tax software   Se considera que una persona es propietaria de las acciones poseídas directa o indirectamente por o para su familia. Hr block 2011 tax software La familia incluye únicamente a hermanos y hermanas, medios hermanos y medias hermanas, cónyuge, antecesores y descendientes directos. Hr block 2011 tax software Regla 3. Hr block 2011 tax software   Se considera que una persona física que sea propietaria de acciones de una sociedad anónima, siempre y cuando no sea mediante la aplicación de la Regla 2, es propietaria de las acciones de las cuales su socio es propietario directo o indirecto. Hr block 2011 tax software Regla 4. Hr block 2011 tax software   Al aplicar la Regla 1, 2 ó 3, las acciones de las cuales es dueña implícita una persona conforme a la Regla 1 se consideran realmente propiedad de esa persona. Hr block 2011 tax software Sin embargo, las acciones de propiedad implícita de una persona bajo la Regla 2 ó 3 no se consideran propiedad de esa persona si se usa nuevamente la Regla 2 ó 3 para hacer que otra persona sea el propietario implícito de dichas acciones. Hr block 2011 tax software Bienes recibidos de una parte vinculada. Hr block 2011 tax software    Si vende o canjea con ganancia bienes que adquirió de una parte vinculada, usted reconoce la ganancia solamente en la medida en que sea más que la pérdida previamente denegada a la parte vinculada. Hr block 2011 tax software Esta regla es aplicable solamente si es cesionario original y adquiere los bienes mediante compra o intercambio. Hr block 2011 tax software Esta regla no es aplicable si las pérdidas de la parte vinculada fueron denegadas debido a reglas de las ventas ficticias descritas en el capítulo 4 de la Publicación 550 bajo Wash Sales (Ventas ficticias), en inglés. Hr block 2011 tax software   Si vende o canjea con pérdida bienes que adquirió de una parte vinculada, no puede reconocer la pérdida que no fue permisible para la parte vinculada. Hr block 2011 tax software Ejemplo 1. Hr block 2011 tax software Su hermano le vende acciones por $7,600. Hr block 2011 tax software Su base de costo es $10,000. Hr block 2011 tax software Su hermano no puede deducir la pérdida de $2,400. Hr block 2011 tax software Después, usted vende las mismas acciones a una parte no vinculada por $10,500, obteniendo una ganancia de $2,900. Hr block 2011 tax software La ganancia a declarar es $500, es decir, la ganancia de $2,900 menos la pérdida de $2,400 no permitida a su hermano. Hr block 2011 tax software Ejemplo 2. Hr block 2011 tax software Si en el Ejemplo 1 usted vende las acciones por $6,900 en lugar de $10,500, su pérdida reconocida es solamente $700 (su base de $7,600 menos $6,900). Hr block 2011 tax software No puede deducir la pérdida no permitida a su hermano. Hr block 2011 tax software Pérdidas y Ganancias de Capital Esta sección explica el trato tributario de las ganancias y pérdidas de diferentes tipos de transacciones de inversiones. Hr block 2011 tax software Carácter de las pérdidas o ganancias. Hr block 2011 tax software   Debe clasificar sus ganancias y pérdidas como pérdidas o ganancias ordinarias o de capital. Hr block 2011 tax software Luego, debe clasificar sus ganancias y pérdidas de capital, ya sea a corto plazo o a largo plazo. Hr block 2011 tax software Si tiene ganancias y pérdidas a largo plazo, tiene que identificar las ganancias y pérdidas a una tasa de 28%. Hr block 2011 tax software Si tiene ganancias netas de capital, también tiene que identificar toda ganancia no recuperada conforme a la sección 1250. Hr block 2011 tax software   La clasificación e identificación correcta le ayuda a calcular el límite sobre las pérdidas de capital y el impuesto correcto sobre las ganancias de capital. Hr block 2011 tax software La declaración de las ganancias y pérdidas de capital se explica en el capítulo 16 . Hr block 2011 tax software Pérdidas o Ganancias Ordinarias o de Capital Si tiene una ganancia sujeta a impuestos o una pérdida deducible proveniente de una transacción, es posible que sea ganancia o pérdida ordinaria o de capital, dependiendo de las circunstancias. Hr block 2011 tax software Normalmente, la venta o canje de bienes de capital (definido a continuación) resulta en una pérdida o ganancia de capital. Hr block 2011 tax software La venta o canje de bienes que no son de capital generalmente resulta en una pérdida o ganancia ordinaria. Hr block 2011 tax software Según las circunstancias, una pérdida o ganancia sobre la venta o canje de bienes utilizados en su ocupación o negocio puede tratarse como ordinaria o de capital, como se explica en la Publicación 544, en inglés. Hr block 2011 tax software En algunas situaciones, parte de las pérdidas o ganancias puede ser pérdida o ganancia de capital y otra parte puede ser pérdida o ganancia ordinaria. Hr block 2011 tax software Bienes de Capital y Bienes que no Son de Capital La mayor parte de los bienes que usted posee y usa para fines personales, de placer o inversión constituye bienes de capital. Hr block 2011 tax software Ejemplos de éstos incluyen: Acciones o bonos que tenga en su cuenta personal; Una vivienda de la cual usted es dueño y que usan usted y su familia; Mobiliario doméstico; Un automóvil usado para recreación o para trasladarse de su hogar a su trabajo; Colecciones de monedas o estampillas; Gemas y joyas y Oro, plata o cualquier otro metal. Hr block 2011 tax software Todo bien que usted posea es bien de capital, a excepción de los siguientes bienes que no son de capital: Los bienes que posee principalmente para la venta a clientes o que físicamente formarán parte de la mercancía para la venta a clientes. Hr block 2011 tax software Para una excepción a esta regla, vea Obras Musicales de Creación Propia Tratadas como Bienes de Capital , más adelante. Hr block 2011 tax software Bienes depreciables usados en su ocupación o negocio, aun cuando estén completamente depreciados. Hr block 2011 tax software Bienes raíces que usa en su ocupación o negocio. Hr block 2011 tax software Derechos de autor, composiciones literarias, musicales o artísticas, cartas o memorandos, o bienes similares que sean: Creados con su propio esfuerzo, Preparados o producidos para usted (en el caso de una carta, memorándum o bienes similares) o Adquiridos bajo ciertas circunstancias (por ejemplo, como regalo), dándole a usted derecho a la base de la persona que creó la propiedad o para quien se preparó o se produjo. Hr block 2011 tax software Para una excepción a esta regla, vea Obras Musicales de Creación Propia Tratadas como Bienes de Capital , más adelante. Hr block 2011 tax software Cuentas o documentos por cobrar adquiridos en el curso normal de su ocupación o negocio por servicios prestados o provenientes de la venta de bienes que se describen en el punto (1). Hr block 2011 tax software Publicaciones del Gobierno de los Estados Unidos que recibió del gobierno en forma gratuita o por menos del precio de venta normal, o que compró en circunstancias que le dieron derecho a la base de alguien que recibió las publicaciones en forma gratuita o por menos del precio de venta normal. Hr block 2011 tax software Algunos instrumentos financieros derivados de productos básicos mantenidos por revendedores de derivados de productos básicos. Hr block 2011 tax software Transacciones de cobertura, pero sólo si la transacción está claramente identificada como transacción de este tipo antes del cierre del día en que se adquirió, se originó o en que usted la firmó. Hr block 2011 tax software Suministros del tipo que se usa o consume regularmente en el curso normal de su ocupación o negocio. Hr block 2011 tax software Bienes de Inversión Los bienes de inversión son bienes de capital. Hr block 2011 tax software Normalmente, una ganancia o pérdida proveniente de su venta o canje es una ganancia o pérdida de capital. Hr block 2011 tax software Oro, plata, estampillas, monedas, gemas, etcétera. Hr block 2011 tax software   Éstos son bienes de capital, excepto cuando están en posesión de un revendedor con fines de venta. Hr block 2011 tax software Normalmente, la pérdida o ganancia que asume de esta venta o canje es una pérdida o ganancia de capital. Hr block 2011 tax software Acciones, derechos de suscripción y bonos. Hr block 2011 tax software   Todo lo anterior (incluidas las acciones recibidas como dividendo) son bienes de capital, excepto cuando un revendedor de valores los tiene para la venta. Hr block 2011 tax software Sin embargo, si posee acciones de un pequeño negocio, consulte Pérdidas en Acciones conforme a la Sección 1244 (Pequeño Negocio) , más adelante, y Losses on Small Business Investment Company Stock (Pérdidas sobre acciones de sociedad inversionista especializada en pequeños negocios), en el capítulo 4 de la Publicación 550, en inglés. Hr block 2011 tax software Bienes de Uso Personal Los bienes mantenidos sólo para uso personal y no para inversión son bienes de capital y, por lo tanto, tiene que declarar una ganancia procedente de su venta como ganancia de capital. Hr block 2011 tax software Sin embargo, no puede deducir una pérdida por la venta de bienes de uso personal. Hr block 2011 tax software Obras Musicales de Creación Propia Tratadas como Bienes de Capital Puede optar por tratar las obras musicales y los derechos de autor asociados con obras musicales como bienes de capital al venderlos o intercambiarlos si: Creó dichos bienes por medio de sus propios esfuerzos o Adquirió los bienes bajo condiciones (como regalo, por ejemplo) que le dieron derecho a la base de la persona que creó dichos bienes o de la persona para quien fueron preparados o producidos. Hr block 2011 tax software Tiene que elegir una opción distinta para cada obra musical (o derecho de autor asociado con una obra musical) vendida o intercambiada durante el año tributario. Hr block 2011 tax software Tiene que elegir la opción en, o antes de, la fecha de vencimiento del plazo de entrega (incluyendo prórrogas) de la declaración de impuestos del año de la venta o intercambio. Hr block 2011 tax software Tiene que anotar la opción en el Formulario 8949, considerando la venta o intercambio como venta o intercambio de bienes de capital, conforme al Formulario 8949, el Anexo D (Formulario 1040) y sus instrucciones por separado, en inglés. Hr block 2011 tax software Si desea obtener más información sobre el Formulario 8949 y el Anexo D (Formulario 1040), vea Cómo Declarar Ganancias y Pérdidas de Capital en el capítulo 16. Hr block 2011 tax software Además, vea el Anexo D (Formulario 1040), el Formulario 8949 y sus instrucciones por separado, en inglés. Hr block 2011 tax software Puede revocar esta opción si el IRS se lo aprueba. Hr block 2011 tax software Para obtener la aprobación del IRS, tiene que enviar una solicitud al IRS para que éste le provea una carta de decisión sobre este asunto tributario conforme al Revenue Procedure (Procedimiento tributario) correspondiente a su situación. Hr block 2011 tax software Vea, por ejemplo, el Procedimiento Tributario 2013-1, rectificado por el Anuncio 2013-9, que fue ampliado y modificado a su vez por el Procedimiento Tributario 2013-32, en el Internal Revenue Bulletin (Boletín de Impuestos Internos), en inglés, en www. Hr block 2011 tax software irs. Hr block 2011 tax software gov/irb/2013-01_IRB/ar06. Hr block 2011 tax software html. Hr block 2011 tax software Como alternativa, se le otorga una prórroga automática de 6 meses a partir de la fecha de vencimiento del plazo de entrega de su declaración de impuestos sobre el ingreso (excluyendo prórrogas) para revocar la opción, con la condición de que presente a tiempo la declaración de impuestos sobre el ingreso y, durante este plazo de prórroga de 6 meses, presente el Formulario 1040X en el que la venta o intercambio se considere como venta o intercambio de bienes no de capital. Hr block 2011 tax software Instrumentos de Deuda Descontados Trate como ganancia o pérdida de capital su pérdida o ganancia de la venta, rescate o retiro de un bono u otro instrumento de deuda originalmente emitido con descuento o comprado con descuento, excepto según se explica a continuación. Hr block 2011 tax software Deudas gubernamentales a corto plazo. Hr block 2011 tax software   Trate las ganancias sobre las deudas de un gobierno federal, estatal o local a corto plazo (que no sean deudas exentas de impuestos) como ingresos ordinarios hasta su parte proporcional del descuento de adquisición. Hr block 2011 tax software Este trato se aplica a deudas que tienen una fecha de vencimiento fija de no más de 1 año a partir de la fecha de emisión. Hr block 2011 tax software El descuento de adquisiciones es el precio de rescate establecido al vencimiento menos la base de la deuda. Hr block 2011 tax software   Sin embargo, no trate estas ganancias como ingreso en la medida en que haya incluido previamente el descuento en los ingresos. Hr block 2011 tax software Consulte Discount on Short-Term Obligations (Descuento sobre deudas a corto plazo) en el capítulo 1 de la Publicación 550, en inglés. Hr block 2011 tax software Deudas no gubernamentales a corto plazo. Hr block 2011 tax software   Trate las ganancias sobre las deudas no gubernamentales a corto plazo como ingresos ordinarios hasta su parte proporcional del descuento de la emisión original (OID, por sus siglas en inglés). Hr block 2011 tax software Este trato se aplica a deudas que tienen una fecha de vencimiento fija de no más de 1 año a partir de la fecha de emisión. Hr block 2011 tax software   Sin embargo, no tiene que volver a incluir en los ingresos la parte del descuento que haya incluido previamente en los mismos. Hr block 2011 tax software Consulte Discount on Short-Term Obligations (Descuento sobre deudas a corto plazo) en el capítulo 1 de la Publicación 550, en inglés. Hr block 2011 tax software Bonos de gobiernos estatales y locales exentos de impuestos. Hr block 2011 tax software   Si estos bonos se emitieron originalmente con un descuento antes del 4 de septiembre de 1982, o bien si los adquirió antes del 2 de marzo de 1984, trate su parte del OID como intereses exentos de impuestos. Hr block 2011 tax software Para calcular las pérdidas o ganancias por la venta o canje de estos bonos, reste su parte del OID de la cantidad obtenida. Hr block 2011 tax software   Si los bonos fueron emitidos después del 3 de septiembre de 1982 y adquiridos después del 1 de marzo de 1984, sume a la base ajustada su parte del OID para calcular la pérdida o ganancia. Hr block 2011 tax software Para obtener más información acerca de la base de estos bonos, consulte Discounted Debt Instruments (Instrumentos de deuda descontados) en el capítulo 4 de la Publicación 550, en inglés. Hr block 2011 tax software   Normalmente, las ganancias del descuento comercial están sujetas a impuestos sobre la enajenación o rescate de los bonos exentos de impuestos. Hr block 2011 tax software Si compró los bonos antes del 1 de mayo de 1993, la ganancia del descuento comercial es una ganancia de capital. Hr block 2011 tax software Si compró los bonos después del 30 de abril de 1993, la ganancia constituye ingresos ordinarios. Hr block 2011 tax software   Usted calcula el descuento comercial restando el precio que pagó por el bono de la suma del precio original de emisión del bono y la cantidad del OID acumulado desde la fecha de emisión que representó intereses para los accionistas anteriores. Hr block 2011 tax software Para obtener más información, consulte Market Discount Bonds (Bonos con descuento en el mercado) en el capítulo 1 de la Publicación 550, en inglés. Hr block 2011 tax software    Una pérdida sobre la venta u otra enajenación de bonos de gobiernos estatales o locales exentos de impuestos es deducible como pérdida de capital. Hr block 2011 tax software Rescate antes del vencimiento. Hr block 2011 tax software   Si un bono local o estatal emitido antes del 9 de junio de 1980 se rescata antes de su vencimiento, entonces el OID no le está sujeto a impuestos a usted. Hr block 2011 tax software   Si un bono local o estatal emitido después del 8 de junio de 1980 se rescata antes de su vencimiento, entonces la parte del OID que generó ingresos mientras tuvo el bono no le está sujeto a impuestos a usted. Hr block 2011 tax software Sin embargo, tiene que declarar la parte no devengada del OID como ganancia de capital. Hr block 2011 tax software Ejemplo. Hr block 2011 tax software El 2 de julio de 2002, fecha de emisión, usted compró un bono municipal de 6% a 20 años por $800. Hr block 2011 tax software La cantidad nominal del bono fue $1,000. Hr block 2011 tax software El descuento de $200 se atribuyó al OID. Hr block 2011 tax software En el momento en que se emitió el bono, el emisor no tenía intención de rescatarlo antes de su vencimiento. Hr block 2011 tax software El bono fue rescatable en su cantidad nominal después de 10 años de la fecha de emisión. Hr block 2011 tax software El emisor rescató el bono al término de 11 años (2 de julio de 2013) por la cantidad nominal de $1,000, más los intereses anuales devengados de $60. Hr block 2011 tax software El OID de $73, obtenido durante el tiempo que tuvo el bono, no está sujeto a impuestos. Hr block 2011 tax software Los intereses anuales devengados de $60 tampoco están sujetos a impuestos. Hr block 2011 tax software Sin embargo, tiene que declarar la parte no devengada del OID ($127) como ganancia de capital. Hr block 2011 tax software Instrumentos de deuda a largo plazo emitidos después de 1954 y antes del 28 de mayo de 1969 (o antes del 2 de julio de 1982 si son instrumentos de gobierno). Hr block 2011 tax software   Si vende, canjea o rescata para obtener ganancia uno de estos instrumentos de deuda, el ingreso ordinario será la parte de la ganancia que no sea superior a la parte proporcional del OID al momento de la venta o rescate. Hr block 2011 tax software El resto de la ganancia es ganancia de capital. Hr block 2011 tax software Sin embargo, si hubo intención de rescatar el instrumento de deuda antes de su vencimiento, toda la ganancia que no supere el total del OID se tratará como ingreso ordinario al momento de la venta. Hr block 2011 tax software Este trato de ganancia sujeta a impuestos también es aplicable a los instrumentos de sociedades anónimas emitidos después del 27 de mayo de 1969, conforme a un acuerdo escrito vinculante a partir del 27 de mayo de 1969, y en todo momento después de esta fecha. Hr block 2011 tax software Instrumentos de deuda a largo plazo emitidos después del 27 de mayo de 1969 (o después del 1 de julio de 1982 si son instrumentos de gobierno). Hr block 2011 tax software   Si es dueño de uno de estos instrumentos de deuda, tiene que incluir una parte del OID en su ingreso bruto cada año que posee el instrumento. Hr block 2011 tax software Su base de dicho instrumento de deuda aumenta con la cantidad del OID que incluyó en sus ingresos brutos. Hr block 2011 tax software Consulte Descuento de la Emisión Original (OID) en el capítulo 7 para obtener información acerca del OID que tiene que declarar en su declaración de impuestos. Hr block 2011 tax software   Si vende o canjea el instrumento de deuda antes de su vencimiento, la ganancia que obtiene es ganancia de capital. Hr block 2011 tax software Sin embargo, si al momento de la emisión original del instrumento hubo una intención de rescatarlo antes de su vencimiento, normalmente la ganancia es ganancia ordinaria hasta el límite del total del OID menos las cantidades del OID que previamente se incluyeron en sus ingresos. Hr block 2011 tax software En este caso, el resto de la ganancia es ganancia de capital. Hr block 2011 tax software Bonos con descuento en el mercado. Hr block 2011 tax software   Si el instrumento de deuda tiene descuento en el mercado y usted optó por incluir en el ingreso el descuento a medida que se acumulaba, aumente su base en el instrumento de deuda por el descuento acumulado para calcular la pérdida o ganancia de capital sobre la enajenación. Hr block 2011 tax software Si optó por no incluir en el ingreso el descuento a medida que se acumulaba, tiene que declarar la ganancia como ingreso ordinario de intereses hasta el monto del descuento comercial acumulado del instrumento. Hr block 2011 tax software El resto son ganancias de capital. Hr block 2011 tax software Consulte Market Discount Bonds (Bonos de descuento en el mercado) en el capítulo 1 de la Publicación 550, en inglés. Hr block 2011 tax software   Se aplica una regla diferente a los bonos con descuento en el mercado emitidos antes del 19 de julio de 1984 y comprados por usted antes del 1 de mayo de 1993. Hr block 2011 tax software Consulte Market discount bonds (Bonos de descuento en el mercado) bajo Discounted Debt Instruments (Instrumentos de deuda descontados) en el capítulo 4 de la Publicación 550, en inglés. Hr block 2011 tax software Redención de instrumento de deuda. Hr block 2011 tax software   Las cantidades recibidas por la redención de un instrumento de deuda se tratan del mismo modo que si hubiera vendido o canjeado dicho instrumento. Hr block 2011 tax software Pagarés de personas físicas. Hr block 2011 tax software   Si mantiene la deuda de una persona física que se emitió con OID después del 1 de marzo de 1984, generalmente tiene que incluir el OID en su ingreso actual, y las pérdidas o ganancias sobre la venta o redención de la deuda son, por lo general, pérdidas o ganancias de capital. Hr block 2011 tax software Se aplica una excepción a este caso si la deuda es un préstamo entre personas físicas y se satisfacen los requisitos siguientes: El prestamista no se dedica al negocio de prestar dinero. Hr block 2011 tax software La cantidad del préstamo, más la cantidad de los préstamos anteriores pendientes, es $10,000 o menos. Hr block 2011 tax software La evasión de impuestos federales no es uno de los principales objetivos del préstamo. Hr block 2011 tax software   Si corresponde la excepción, o si la deuda fue emitida antes del 2 de marzo de 1984, usted no incluye el OID en sus ingresos actuales. Hr block 2011 tax software Cuando venda o rescate la deuda, la parte de su ganancia que no sea superior a la parte devengada del OID en ese momento es ingreso ordinario. Hr block 2011 tax software El resto de la ganancia, si la hay, es ganancia de capital. Hr block 2011 tax software Las pérdidas sobre las ventas o rescates son pérdidas de capital. Hr block 2011 tax software Depósito en Instituciones Financieras Insolventes o en Quiebra Si pierde dinero que tenga depositado en un banco, cooperativa de crédito u otra institución financiera que ya no es solvente o está en bancarrota, tal vez pueda deducir su pérdida en una de las tres maneras siguientes: Pérdida ordinaria. Hr block 2011 tax software Pérdida fortuita. Hr block 2011 tax software Deuda incobrable no comercial (pérdida de capital a corto plazo). Hr block 2011 tax software  Para más información, vea Deposit in Insolvent or Bankrupt Financial Institution (Depósito en institución financiera insolvente o en quiebra) en el capítulo 4 de la Publicación 550, en inglés. Hr block 2011 tax software Venta de Anualidad Se considera ingreso ordinario la parte de una ganancia sobre la venta de un contrato de anualidad antes de su fecha de vencimiento y que se basa en los intereses acumulados en el contrato. Hr block 2011 tax software Pérdidas en Acciones Conforme a la Sección 1244 (Pequeño Negocio) Usted puede deducir su pérdida proveniente de la venta, canje o falta de valor de acciones conforme a la sección 1244 como una pérdida ordinaria en vez de una pérdida de capital. Hr block 2011 tax software Declare la pérdida en la línea 10 del Formulario 4797. Hr block 2011 tax software Toda ganancia sobre acciones conforme a la sección 1244 es ganancia de capital si las acciones son bienes de capital en su mano. Hr block 2011 tax software Declare la ganancia en el Formulario 8949. Hr block 2011 tax software Consulte Losses on Section 1244 (Small Business) Stock (Pérdidas de acciones (de pequeño negocio) conforme a la sección 1244), en el capítulo 4 de la Publicación 550, en inglés. Hr block 2011 tax software Si desea obtener más información sobre el Formulario 8949 y el Anexo D (Formulario 1040), vea Cómo Declarar Ganancias y Pérdidas de Capital en el capítulo 16. Hr block 2011 tax software Además, vea el Anexo D (Formulario 1040), el Formulario 8949 y sus instrucciones por separado, en inglés. Hr block 2011 tax software Período de Tenencia Si vendió o canjeó bienes de inversión, tiene que determinar el período de tenencia de los bienes. Hr block 2011 tax software Su período de tenencia determina si una pérdida o ganancia de capital fue a corto o largo plazo. Hr block 2011 tax software Corto o largo plazo. Hr block 2011 tax software   Si mantiene bienes de inversión por más de 1 año, las pérdidas o ganancias de capital son a largo plazo. Hr block 2011 tax software Si mantiene bienes por 1 año o menos, las pérdidas o ganancias de capital son a corto plazo. Hr block 2011 tax software   Para determinar el tiempo en que tuvo bienes de inversión, empiece a contar a partir del día siguiente a la fecha en que adquirió los bienes. Hr block 2011 tax software El día en que enajenó los bienes forma parte del período de tenencia. Hr block 2011 tax software Ejemplo. Hr block 2011 tax software Si compró bienes de inversión el 6 de febrero de 2012 y los vendió el 6 de febrero de 2013, el período de tenencia no es superior a un 1 año y, por lo tanto, tiene pérdida o ganancia de capital a corto plazo. Hr block 2011 tax software Si vendió los bienes el 7 de febrero de 2013, el período de tenencia es superior a un 1 año y, por lo tanto, tiene una pérdida o ganancia de capital a largo plazo. Hr block 2011 tax software Valores cotizados en un mercado establecido. Hr block 2011 tax software   En lo que respecta a valores cotizados en un mercado de valores establecido, el período de tenencia comienza el día siguiente a la fecha de transacción en que compró los valores y termina en la fecha de transacción en que los vendió. Hr block 2011 tax software    No confunda la fecha de transacción con la fecha de liquidación, para la cual es la fecha en que se tienen que entregar las acciones y se tiene que efectuar el pago. Hr block 2011 tax software Ejemplo. Hr block 2011 tax software Usted es contribuyente con base de método de efectivo y año natural para la presentación de su declaración. Hr block 2011 tax software El 30 de diciembre de 2013, vendió acciones con ganancias. Hr block 2011 tax software Según las reglas de la bolsa, la venta se cerró con la entrega de las acciones 4 días comerciales después de la venta, el 6 de enero de 2014. Hr block 2011 tax software Recibió el pago del valor de la venta el mismo día. Hr block 2011 tax software Declare la ganancia en la declaración del año 2013, aunque haya recibido el pago en el año 2014. Hr block 2011 tax software La ganancia es a largo o corto plazo dependiendo de si tuvo las acciones más de un año. Hr block 2011 tax software Su período de tenencia terminó el 30 de diciembre. Hr block 2011 tax software Si hubiera vendido las acciones con pérdidas, también habría declarado las pérdidas en su declaración del año 2013. Hr block 2011 tax software Pagarés y bonos del Tesoro de los Estados Unidos. Hr block 2011 tax software   El período de tenencia de pagarés y bonos de los EE. Hr block 2011 tax software UU. Hr block 2011 tax software vendidos en subasta en base a su rendimiento se inicia el día después de que el Secretario del Tesoro, mediante comunicados de prensa, dé notificación a los postores cuyas ofertas hayan sido aceptadas. Hr block 2011 tax software El período de tenencia de pagarés y bonos de los EE. Hr block 2011 tax software UU. Hr block 2011 tax software con rendimiento determinado vendidos en base a suscripciones se inicia el día después de que se presente la suscripción. Hr block 2011 tax software Servicio de inversión automático. Hr block 2011 tax software   Al determinar el período de tenencia de acciones compradas a través del banco u otro agente, se considera que las acciones enteras se compraron al inicio y las acciones fraccionarias se compraron al final. Hr block 2011 tax software El período de tenencia de usted comienza el día siguiente de la fecha de compra del banco. Hr block 2011 tax software Si una acción se compró en más de una fecha de compra, el período de tenencia de esa acción es un período de tenencia dividido. Hr block 2011 tax software Se considera que se compró una parte de esa acción en cada fecha en que el banco haya comprado la acción con pagos procedentes de fondos disponibles. Hr block 2011 tax software Canjes no sujetos a impuestos. Hr block 2011 tax software   Si adquiere bienes de inversión en un canje por otros bienes de inversión y la base de los nuevos bienes está determinada, en su totalidad o en parte, por la base de los antiguos bienes, el período de tenencia de los nuevos bienes comienza el día siguiente de la fecha en que adquirió los antiguos bienes. Hr block 2011 tax software Bienes recibidos como regalo. Hr block 2011 tax software   Si recibe un regalo de bienes y la base se determina por la base ajustada del donante, se considera que el período de tenencia ha empezado el mismo día en que empezó el período de tenencia del donante. Hr block 2011 tax software   Si la base está determinada por el valor justo de mercado de los bienes, el período de tenencia comienza el día siguiente de la fecha del regalo. Hr block 2011 tax software Bienes heredados. Hr block 2011 tax software   Por lo general, si usted heredó bienes de inversión, su ganancia o pérdida de capital en cualquier enajenación que realice luego con ese bien es una ganancia o pérdida de capital a largo plazo. Hr block 2011 tax software Esto es así independientemente de cuánto tiempo usted tuvo el bien como su propiedad. Hr block 2011 tax software Sin embargo, si usted heredó los bienes de alguien que falleció en el 2010, vea la información que aparece a continuación. Hr block 2011 tax software Bienes heredados de una persona que falleció en el año 2010. Hr block 2011 tax software   Si hereda bienes de inversión de un difunto que falleció en el año 2010, y el albacea del patrimonio del difunto optó por presentar el Formulario 8939, consulte la información provista por el albacea o vea la Publicación 4895, Tax Treatment of Property Acquired From a Decedent Dying in 2010 (Trato tributario de bienes adquiridos de un difunto que falleció en 2010), en inglés, para determinar su período de tenencia. Hr block 2011 tax software Bienes raíces comprados. Hr block 2011 tax software   Para calcular el tiempo que tuvo bienes raíces comprados conforme a un contrato incondicional, empiece a contar el día después de la fecha en que recibió el título de los bienes o la fecha después de la que tomó posesión de los bienes y asumió las obligaciones y privilegios de propietario, lo que sucediera primero. Hr block 2011 tax software Sin embargo, aceptar la entrega o tomar posesión de bienes raíces conforme a un contrato de opción no es suficiente para comenzar el período de tenencia. Hr block 2011 tax software El período de tenencia no puede comenzar hasta que haya un contrato de venta real. Hr block 2011 tax software El período de tenencia del vendedor no puede terminar antes de esa fecha. Hr block 2011 tax software Si recupera la posesión de bienes raíces. Hr block 2011 tax software   Si vende bienes raíces pero retiene un derecho prendario a los mismos, y más adelante recupera la posesión de dichos bienes raíces según los términos del contrato de venta, el período de tenencia correspondiente a una venta posterior abarca el período durante el cual fue dueño de los bienes raíces antes de la primera venta y el período después de que haya recuperado la posesión de los mismos. Hr block 2011 tax software El período de tenencia no incluye el período entre la primera venta y la recuperación de la posesión de los bienes raíces. Hr block 2011 tax software Es decir, no incluye el período durante el cual el primer comprador fue dueño de dichos bienes raíces. Hr block 2011 tax software Dividendos de acciones. Hr block 2011 tax software   El período de tenencia de las acciones que usted recibió como dividendo de acciones sujeto a impuestos comienza en la fecha de distribución. Hr block 2011 tax software   El período de tenencia de acciones nuevas que recibió como dividendo de acciones no sujeto a impuestos comienza el mismo día que el período de tenencia de las antiguas acciones. Hr block 2011 tax software Esta regla también se aplica a acciones adquiridas en una “escisión”, lo cual es una distribución de acciones o valores en una sociedad anónima controlada. Hr block 2011 tax software Derechos de suscripción no sujetos a impuestos. Hr block 2011 tax software   El período de tenencia de derechos de suscripción no sujetos a impuestos comienza el mismo día que el período de tenencia de las acciones precedentes. Hr block 2011 tax software El período de tenencia de acciones adquiridas a través del ejercicio de derechos de suscripción comienza en la fecha en que se ejerció el derecho. Hr block 2011 tax software Deudas Incobrables no Empresariales Si alguien le debe dinero que usted no puede cobrar, entonces tiene una deuda incobrable. Hr block 2011 tax software Tal vez pueda deducir la cantidad adeudada cuando calcule su impuesto para el año en que la deuda pierda todo su valor. Hr block 2011 tax software Normalmente, las deudas incobrables no empresariales son deudas incobrables que no obtuvo en el transcurso de la operación de su ocupación o negocio, y son deducibles como pérdidas de capital a corto plazo. Hr block 2011 tax software Para que las deudas incobrables no comerciales sean deducibles, tienen que perder totalmente su valor. Hr block 2011 tax software No puede deducir una deuda no comercial que ha perdido sólo parte de su valor. Hr block 2011 tax software Requisito de deuda genuina. Hr block 2011 tax software   Una deuda tiene que ser genuina para que pueda deducir la pérdida. Hr block 2011 tax software Una deuda es genuina si surge de una relación deudor−acreedor que se basa en una obligación válida y ejecutable de reembolsar una suma de dinero fija o determinable. Hr block 2011 tax software Requisito de base en la deuda incobrable. Hr block 2011 tax software    Para deducir una deuda incobrable, tiene que tener una base en la misma, es decir, tiene que haber incluido previamente la cantidad en sus ingresos o haber prestado su efectivo. Hr block 2011 tax software Por ejemplo, no puede declarar una deducción por deuda incobrable por una pensión por orden judicial para hijos menores que su ex cónyuge no haya pagado. Hr block 2011 tax software Si es contribuyente con base de método a base de efectivo (como la mayoría de las personas físicas), normalmente no puede declarar una deducción por deuda incobrable por sueldos, salarios, alquileres, honorarios, intereses, dividendos y conceptos similares no pagados. Hr block 2011 tax software Cuándo son deducibles las deudas incobrables. Hr block 2011 tax software   Puede tomar una deducción por deuda incobrable sólo en el año en que la deuda pierde su valor. Hr block 2011 tax software No tiene que esperar el vencimiento de una deuda para saber si ha perdido su valor. Hr block 2011 tax software Una deuda pierde su valor cuando ya no cabe la posibilidad de que se pague la cantidad adeudada. Hr block 2011 tax software   No es necesario llevar el asunto ante los tribunales si puede demostrar que la deuda sería incobrable a pesar de una sentencia de compensación monetaria dictada por un tribunal. Hr block 2011 tax software Sólo tiene que demostrar que ha tomado medidas razonables para cobrar la deuda. Hr block 2011 tax software En la mayoría de los casos, la quiebra del deudor demuestra suf