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Military Tax Return Calculator

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Military Tax Return Calculator

Military tax return calculator 25. Military tax return calculator   Pérdidas por Hecho Fortuito y Robo no Relacionadas con los Negocios Table of Contents Qué Hay de Nuevo Introduction Useful Items - You may want to see: Hecho FortuitoMascota de la familia. Military tax return calculator Deterioro progresivo. Military tax return calculator Daños ocasionados por paneles de yeso (drywall) corrosivos. Military tax return calculator Robo Pérdidas de Depósitos Comprobación de las Pérdidas Cómo Calcular una PérdidaDisminución del Valor Justo de Mercado Base Ajustada Seguro y Otros Reembolsos Un Solo Hecho Fortuito en Bienes Múltiples Límites de la DeducciónRegla de los $100 Regla del 10% Cuándo Declarar Ganancias y PérdidasPérdidas en Zonas de Desastre Cómo Declarar Ganancias y Pérdidas Qué Hay de Nuevo Nueva Sección C en el Formulario 4684 para esquemas de inversión de tipo Ponzi (Ponzi-type schemes). Military tax return calculator  La Sección C del Formulario 4684 (disponible en inglés) es nueva para el año 2013. Military tax return calculator Usted debe completar la Sección C si está reclamando una deducción de pérdida por robo debido a un esquema de inversión de tipo Ponzi (Ponzi-type scheme) y estará usando el Procedimiento Tributario (Revenue Procedure) 2009-20, según modificado por el Procedimiento Tributario (Revenue Procedure) 2011-58. Military tax return calculator La Sección C del Formulario 4864 reemplaza el Anexo A del Procedimiento Tributario (Revenue Procedure) 2009-20. Military tax return calculator No necesita completar el Anexo A. Military tax return calculator Para más información, vea Pérdidas provenientes de esquemas de inversión de tipo Ponzi (Ponzi-type schemes) en este capítulo. Military tax return calculator Introduction Este capítulo explica el trato tributario de pérdidas personales (no relacionadas con los negocios o las inversiones) por hecho fortuito, pérdidas por robo y pérdidas en depósitos. Military tax return calculator Este capítulo también presenta los siguientes temas: Cómo calcular el monto de su pérdida. Military tax return calculator Cómo considerar seguros y otros reembolsos que reciba. Military tax return calculator Límites de la deducción. Military tax return calculator Cuándo y cómo declarar la ocurrencia de un hecho fortuito o robo. Military tax return calculator Formularios que tiene que presentar. Military tax return calculator    Si es víctima de un hecho fortuito o robo, tiene que presentar el Formulario 4684, en inglés. Military tax return calculator Asimismo, tiene que presentar por lo menos uno de los siguientes formularios, todos en inglés: Anexo A (Formulario 1040), Itemized Deductions (Deducciones detalladas). Military tax return calculator Anexo D (Formulario 1040), Capital Gains and Losses (Ganancias y pérdidas de capital). Military tax return calculator Expropiaciones forzosas. Military tax return calculator   Para obtener información sobre expropiaciones de propiedad, vea Involuntary Conversions (Conversiones involuntarias) en el capítulo 1 de la Publicación 544, Sales and other Disposition of Assets (Ventas y otras enajenaciones de bienes), en inglés. Military tax return calculator Registro para el cálculo de pérdidas por hecho fortuito y robo. Military tax return calculator    La Publicación 584SP está a su disposición para ayudarle a hacer una lista de artículos de propiedad personal que hayan sido robados o hayan sufrido daños, y luego calcular su pérdida. Military tax return calculator En dicha publicación se incluyen tablas para ayudarle a calcular el monto de las pérdidas de su casa, artículos del hogar y sus vehículos motorizados. Military tax return calculator Pérdidas relacionadas con negocios o inversiones. Military tax return calculator   Para obtener información sobre pérdidas de propiedad de un negocio o de generación de ingresos debido a hechos fortuitos o robo, vea la Publicación 547(SP), Hechos Fortuitos, Desastres y Robos. Military tax return calculator Useful Items - You may want to see: Publicación 544 Sales and Other Dispositions of Assets (Ventas y otras enajenaciones de activos), en inglés 547(SP) Hechos Fortuitos, Desastres y Robos 584SP Registro de Pérdidas por Hechos Fortuitos (Imprevistos), Desastres y Robos (Propiedad de uso personal)  Formulario (e Instrucciones) Anexo A (Formulario 1040) Itemized Deductions (Deducciones detalladas), en inglés Anexo D (Formulario 1040) Capital Gains and Losses (Ganancias y pérdidas de capital), en inglés 4684 Casualties and Thefts (Hechos fortuitos y robos), en inglés Hecho Fortuito Un hecho fortuito es el daño, la destrucción o la pérdida de propiedad ocasionados por un acontecimiento identificable y repentino, inesperado o poco común. Military tax return calculator Un acontecimiento repentino es aquél que ocurre rápidamente; no es paulatino ni progresivo. Military tax return calculator Un acontecimiento inesperado es aquél que comúnmente no se anticipa ni es intencionado. Military tax return calculator Un acontecimiento poco común es aquél que no ocurre a diario y no es algo típico dentro de las actividades que usted realiza. Military tax return calculator Pérdidas deducibles. Military tax return calculator   Las pérdidas deducibles por hechos fortuitos pueden deberse a diversas causas, entre ellas: Accidentes automovilísticos (vea las excepciones en el tema Pérdidas no deducibles , que aparece a continuación). Military tax return calculator Terremotos. Military tax return calculator Incendios (vea las excepciones en el tema Pérdidas no deducibles , que aparece a continuación). Military tax return calculator Inundaciones. Military tax return calculator Demolición o reubicación de una vivienda poco segura por orden del gobierno debido a un desastre, como se explica en la sección Pérdidas en Zonas de Desastre en la Publicación 547(SP). Military tax return calculator Hundimientos (derrumbes) de minas. Military tax return calculator Naufragios. Military tax return calculator Estallidos supersónicos. Military tax return calculator Tormentas, incluidos huracanes y tornados. Military tax return calculator Ataques terroristas. Military tax return calculator Vandalismo. Military tax return calculator Erupciones volcánicas. Military tax return calculator Pérdidas no deducibles. Military tax return calculator   Una pérdida por hecho fortuito no es deducible si el daño o la destrucción ha sido causado por los siguientes factores: El quiebre accidental de artículos como, por ejemplo, vasos o vajilla fina en condiciones normales. Military tax return calculator Una mascota de la familia (se explica más adelante). Military tax return calculator Un incendio si usted, por voluntad propia, lo prendió o le pagó a alguien para que lo prendiera. Military tax return calculator Un accidente automovilístico si éste fue causado por su propia negligencia o acto voluntario. Military tax return calculator Esto también es aplicable si el acto o negligencia de alguna persona que actuaba en nombre suyo fue causa del accidente. Military tax return calculator Deterioro progresivo (explicado más adelante). Military tax return calculator Mascota de la familia. Military tax return calculator   La pérdida de bienes debido a daños causados por una mascota de la familia no es deducible como pérdida por hecho fortuito a menos que se cumplan los requisitos indicados anteriormente bajo Hecho Fortuito . Military tax return calculator Ejemplo. Military tax return calculator Antes de acostumbrarse a su casa, su nuevo cachorro causó daños a su alfombra oriental antigua. Military tax return calculator Debido a que los daños no fueron inesperados ni fuera de lo común, la pérdida resultante no se puede deducir como pérdida por hecho fortuito. Military tax return calculator Deterioro progresivo. Military tax return calculator    La pérdida de propiedad por causa de deterioro progresivo no es deducible como hecho fortuito. Military tax return calculator Esto se debe a que el daño ocurre como resultado de un funcionamiento permanente o un proceso normal, en lugar de ser resultado de un acontecimiento repentino. Military tax return calculator A continuación se presentan algunos ejemplos de daños producidos por el deterioro progresivo: El debilitamiento continuo de un edificio debido al viento normal y las condiciones del tiempo. Military tax return calculator El deterioro y daño causados a un calentador de agua que explota. Military tax return calculator Sin embargo, el óxido y el daño por el agua a alfombras y cortinas al explotar el calentador, sí se considera hecho fortuito. Military tax return calculator La mayoría de las pérdidas de propiedad por motivo de sequía. Military tax return calculator Para que una pérdida relacionada con sequía sea deducible, por lo general, tiene que ocurrir durante un oficio o negocio o alguna transacción en la que se participe con fines de lucro. Military tax return calculator Daño por termitas o polillas. Military tax return calculator El daño o destrucción de árboles, arbustos u otras plantas, causado por hongos, enfermedades, insectos, gusanos o pestes similares. Military tax return calculator Sin embargo, si ocurre una destrucción repentina debido a una infestación poco común de escarabajos u otros insectos, ésta puede dar lugar a una pérdida por hecho fortuito. Military tax return calculator Daños ocasionados por paneles de yeso (drywall) corrosivos. Military tax return calculator   Conforme a un procedimiento especial, es posible que pueda reclamar una deducción por pérdidas fortuitas si su vivienda y sus electrodomésticos quedaron dañados por paneles de yeso corrosivos y usted pagó los costos para reparar dichos bienes. Military tax return calculator Para información adicional, vea la Publicación 547(SP). Military tax return calculator Robo Un robo es el acto de tomar y sacar dinero o propiedad con la intención de privar al dueño de éstos. Military tax return calculator Tomar la propiedad tiene que ser ilegal conforme a las leyes del estado donde el robo tuvo lugar y tiene que haberse realizado con intenciones delictivas. Military tax return calculator No es necesario indicar una condena por robo. Military tax return calculator Un robo incluye tomar dinero o propiedad a través de los siguientes medios: Chantaje. Military tax return calculator Escalamiento (violación de domicilio). Military tax return calculator Malversación. Military tax return calculator Extorsión. Military tax return calculator Secuestro para exigir rescate. Military tax return calculator Hurto. Military tax return calculator Robo. Military tax return calculator Tomar dinero o bienes mediante fraude o declaraciones falsas constituye robo si es un acto ilegal conforme a las leyes estatales o locales. Military tax return calculator Disminución del valor de mercado de acciones. Military tax return calculator   No puede deducir como pérdida por robo la disminución del valor de las acciones que haya adquirido en el mercado abierto con fines de inversión si dicha disminución es causada por la revelación de un fraude contable u otro tipo de conducta ilegal por parte de los funcionarios o directores de la entidad que emitió las acciones. Military tax return calculator Sin embargo, puede deducir como pérdida de capital la pérdida que haya tenido al vender o intercambiar las acciones o si éstas pierden totalmente su valor. Military tax return calculator Se declara una pérdida de capital en el Anexo D (Formulario 1040), en inglés. Military tax return calculator Para obtener más información sobre la venta de acciones, acciones sin valor y pérdidas de capital, vea el capítulo 4 de la Publicación 550, en inglés. Military tax return calculator Propiedad extraviada o perdida. Military tax return calculator   La simple desaparición de dinero o propiedad no constituye un robo. Military tax return calculator Sin embargo, una pérdida o desaparición accidental de propiedad puede considerarse hecho fortuito si es el resultado de un acontecimiento identificable que ocurre de manera repentina, inesperada o poco común. Military tax return calculator Los acontecimientos repentinos, inesperados y poco comunes se definen en una sección anterior. Military tax return calculator Ejemplo. Military tax return calculator Se cierra una puerta de su automóvil accidentalmente en su mano y rompe el engaste de su anillo de diamante. Military tax return calculator El diamante se cae del anillo y nunca lo pudo encontrar. Military tax return calculator La pérdida del diamante es un hecho fortuito. Military tax return calculator Pérdidas provenientes de esquemas de inversión de tipo Ponzi (Ponzi-type schemes). Military tax return calculator   Si sufrió una pérdida por un esquema de inversión de tipo Ponzi, vea: la Resolución Administrativa Tributaria (Revenue Ruling) 2009-9, 2009-14 I. Military tax return calculator R. Military tax return calculator B. Military tax return calculator 735 (disponible en el sitio www. Military tax return calculator irs. Military tax return calculator gov/irb/2009-14_IRB/ar07. Military tax return calculator html). Military tax return calculator el Procedimiento Tributario (Revenue Procedure) 2009-20, 2009-14 I. Military tax return calculator R. Military tax return calculator B. Military tax return calculator 749 (disponible en el sitio www. Military tax return calculator irs. Military tax return calculator gov/irb/2009-14_IRB/ar11. Military tax return calculator html). Military tax return calculator el Procedimiento Tributario (Revenue Procedure) 2011-58, 2011-50 I. Military tax return calculator R. Military tax return calculator B. Military tax return calculator 849 (disponible en el sitio www. Military tax return calculator irs. Military tax return calculator gov/irb/2011-50_IRB/ar11. Military tax return calculator html). Military tax return calculator Si reúne los requisitos y opta por seguir los procedimientos indicados en el Procedimiento Tributario (Revenue Procedure) 2009-20, según modificado por el Procedimiento Tributario (Revenue Procedure) 2011-58, primero debe completar la Sección C del Formulario 4684, en inglés, para determinar la cantidad a entrar en la línea 28 de la Sección B. Military tax return calculator No complete las líneas 19 a la 27. Military tax return calculator La Sección C reemplaza al Anexo A del Procedimiento Tributario (Revenue Procedure) 2009-20. Military tax return calculator No necesita completar el Anexo A. Military tax return calculator Para información adicional, vea la orden reglamentaria sobre impuestos y los procedimientos tributarios mencionados anteriormente y las Instrucciones para el Formulario 4684. Military tax return calculator   Si escoge no utilizar el procedimiento del Procedimiento Tributario (Revenue Procedure) 2009-20, usted puede declarar su pérdida por robo completando las líneas 19 a la 39 de la Sección B, según corresponda. Military tax return calculator Pérdidas de Depósitos Una pérdida de depósitos monetarios puede ocurrir cuando un banco, una cooperativa de crédito u otra institución financiera se declara insolvente o en quiebra (bancarrota). Military tax return calculator Si usted ha sufrido este tipo de pérdida, puede escoger uno de los métodos siguientes para deducir dicha pérdida: Pérdida por hechos fortuitos. Military tax return calculator Pérdida ordinaria. Military tax return calculator Deuda incobrable no relacionada con los negocios. Military tax return calculator Pérdida ordinaria o por hechos fortuitos. Military tax return calculator   Tiene la opción de deducir una pérdida de depósitos como hecho fortuito o como pérdida ordinaria, cualquier año en el que pueda calcular de manera razonable la cantidad de depósitos que ha perdido en una institución financiera insolvente o en quiebra. Military tax return calculator Generalmente puede escoger esta opción cuando presente su declaración de impuestos para ese año y es aplicable a todas las pérdidas en depósitos que haya tenido ese año y en esa institución financiera en particular. Military tax return calculator Si trata la pérdida como pérdida por hecho fortuito o pérdida ordinaria, no puede considerar la misma cantidad de la pérdida como deuda incobrable no relacionada con los negocios cuando dicha cantidad pierda su valor total. Military tax return calculator Sin embargo, sí puede tomar una deducción por deuda incobrable no relacionada con los negocios por todo monto de pérdida cuyo valor sea superior a la cantidad estimada que dedujo como pérdida por hecho fortuito o pérdida ordinaria. Military tax return calculator Una vez que haya tomado esta opción, no puede cambiarla sin autorización del IRS. Military tax return calculator   Si declara una pérdida ordinaria, reclámela como una deducción miscelánea detallada en la línea 23 del Anexo A (Formulario 1040). Military tax return calculator La cantidad máxima que puede reclamar es $20,000 ($10,000 si es casado y presenta la declaración por separado), menos toda ganancia que espere recibir de algún seguro estatal. Military tax return calculator El monto de la pérdida está sujeto al límite del 2% del ingreso bruto ajustado. Military tax return calculator No puede declarar una pérdida ordinaria si alguna parte de dichos depósitos está asegurada por el gobierno federal. Military tax return calculator Deudas incobrables no relacionadas con los negocios. Military tax return calculator   Si decide no deducir la pérdida como pérdida por hecho fortuito o pérdida ordinaria, tendrá que esperar hasta el año en que se determine la pérdida real y entonces deducirla en ese año como deuda incobrable no relacionada con los negocios. Military tax return calculator Cómo hacer la declaración. Military tax return calculator   El tipo de deducción que escoja para su pérdida de depósitos determinará cómo debe declarar su pérdida. Military tax return calculator Si escoge: Pérdida por hecho fortuito — declárela primero en el Formulario 4684 y luego en el Anexo A del Formulario 1040, ambos en inglés. Military tax return calculator Pérdida ordinaria — declárela en el Anexo A del Formulario 1040 como una deducción miscelánea detallada. Military tax return calculator Deuda incobrable no relacionada con los negocios — declárela primero en el Formulario 8949 y luego en el Anexo D del Formulario 1040, ambos en inglés. Military tax return calculator Información adicional. Military tax return calculator   Para más información, vea la sección titulada Special Treatment for Losses on Deposits in Insolvent or Bankrupt Financial Institutions (Trato especial para pérdidas de depósitos en instituciones financieras insolventes o en quiebra) en las instrucciones del Formulario 4684 o Deposit in Insolvent or Bankrupt Financial Institution (Depósito en una institución financiera insolvente o en quiebra) en la Publicación 550, ambas en inglés. Military tax return calculator Comprobación de las Pérdidas Para poder deducir una pérdida por hecho fortuito o una pérdida por robo, tiene que poder demostrar que dicho hecho fortuito o robo ocurrió. Military tax return calculator También tiene que poder justificar la cantidad que declare como deducción. Military tax return calculator Comprobación de las pérdidas por hecho fortuito. Military tax return calculator   Para deducir una pérdida por hecho fortuito, sus datos deben mostrar todo lo siguiente: El tipo de hecho fortuito (accidente automovilístico, incendio, tormenta, etc. Military tax return calculator ) y la fecha en que ocurrió. Military tax return calculator Que la pérdida ocurrió como resultado directo de dicho hecho fortuito. Military tax return calculator Que usted era dueño de la propiedad o, si la alquilaba de otra persona, que usted tenía la responsabilidad contractual hacia el dueño por los daños. Military tax return calculator Si existe una solicitud de reembolso con expectativas razonables de recibirlo. Military tax return calculator Comprobación de las pérdidas por robo. Military tax return calculator   Para deducir una pérdida por robo, sus datos deben mostrar todo lo siguiente: La fecha en la que descubrió que su propiedad había desaparecido. Military tax return calculator Que su propiedad fue robada. Military tax return calculator Que usted era el dueño de dicha propiedad. Military tax return calculator Si existe una solicitud de reembolso con expectativas razonables de recibirlo. Military tax return calculator Es importante que tenga la documentación necesaria que demuestre el monto de la deducción. Military tax return calculator Si no tiene documentos que corroboran dicha deducción, puede usar otro tipo de pruebas satisfactorias para estos efectos. Military tax return calculator Cómo Calcular una Pérdida Calcule el monto de la pérdida utilizando los pasos siguientes: Determine la base ajustada de la propiedad antes de haber ocurrido el hecho fortuito o robo. Military tax return calculator Determine la baja del valor justo de mercado de la propiedad a causa del hecho fortuito o robo. Military tax return calculator De la cantidad más baja entre las cantidades de los puntos (1) y (2), reste el monto de todo otro seguro o reembolso que haya recibido o espere recibir. Military tax return calculator En el caso de propiedad para uso personal y propiedad utilizada durante la prestación de servicios como empleado, aplique los límites de la deducción que se explican más adelante para calcular la cantidad de pérdida que puede deducir. Military tax return calculator Ganancias por reembolsos. Military tax return calculator   Tiene una ganancia si el reembolso es mayor que la base ajustada de la propiedad. Military tax return calculator Esto ocurre aun cuando la disminución del valor justo de mercado de la propiedad es menor que la base ajustada. Military tax return calculator Si obtiene una ganancia, posiblemente tenga que pagar impuestos sobre esa cantidad o tal vez pueda posponer la declaración de dicha ganancia. Military tax return calculator Vea la Publicación 547(SP) para más información sobre cómo tratar una ganancia proveniente del reembolso de un hecho fortuito o robo. Military tax return calculator Propiedad alquilada. Military tax return calculator   Si es responsable de los daños causados por hecho fortuito a una propiedad que alquila, su pérdida es la cantidad que tiene que pagar para reparar la propiedad menos todo seguro u otro reembolso que reciba o espere recibir. Military tax return calculator Disminución del Valor Justo de Mercado El valor justo de mercado (FMV, por sus siglas en inglés) es el precio por el cual podría vender su propiedad a un comprador dispuesto a comprar cuando ninguno de los dos tiene que vender o comprar y ambos conocen todos los hechos pertinentes. Military tax return calculator La disminución del valor justo de mercado que se utiliza para calcular el monto de la pérdida por hecho fortuito o robo es la diferencia entre el valor justo de mercado de la propiedad inmediatamente antes e inmediatamente después de ocurrir el hecho fortuito o robo. Military tax return calculator Valor justo de mercado de la propiedad robada. Military tax return calculator   El valor justo de mercado de la propiedad inmediatamente después de un robo se considera cero, puesto que usted ya no tiene la propiedad. Military tax return calculator Ejemplo. Military tax return calculator Usted compró dólares de plata por un valor nominal de $150 hace varios años. Military tax return calculator Ésta es la base ajustada de esa propiedad. Military tax return calculator Este año, le robaron los dólares de plata. Military tax return calculator El valor justo de mercado de las monedas era $1,000 justo antes de ser robadas y no las cubría el seguro. Military tax return calculator Su pérdida por robo es $150. Military tax return calculator Propiedad robada recuperada. Military tax return calculator   La propiedad robada recuperada es propiedad suya que le fue robada y posteriormente devuelta a usted. Military tax return calculator Si recupera propiedad después de haber incluido una deducción de pérdida por robo, tiene que volver a calcular la pérdida utilizando la base ajustada más baja de la propiedad (la cual se explica más adelante) o la disminución del valor justo de mercado desde el momento inmediatamente antes de que fuera robada hasta el momento en que se recuperó. Military tax return calculator Use esta cantidad para volver a calcular la pérdida total para el año en el que se dedujo dicha pérdida. Military tax return calculator   Si el monto de la pérdida recalculada es menor que la pérdida que dedujo, generalmente tiene que declarar la diferencia como ingresos en el año en que la recuperó. Military tax return calculator Pero declare la diferencia sólo hasta la cantidad de la pérdida que redujo su impuesto. Military tax return calculator Para obtener más información sobre la cantidad que debe declarar, vea Recuperación de Fondos en el capítulo 12. Military tax return calculator Cómo Calcular la Disminución del Valor Justo de Mercado— Aspectos que se Deben Tener en Cuenta Para calcular la disminución del valor justo de mercado debido a un hecho fortuito o un robo, por lo general, necesita una tasación competente. Military tax return calculator No obstante, también se pueden emplear otras medidas para establecer ciertas disminuciones. Military tax return calculator Tasación. Military tax return calculator   Un tasador competente debe realizar una tasación para determinar la diferencia entre valor justo de mercado de la propiedad inmediatamente antes de ocurrir el hecho fortuito o robo e inmediatamente después. Military tax return calculator El tasador tiene que tener en cuenta los efectos de toda baja general del mercado que pueda ocurrir paralelamente con el hecho fortuito. Military tax return calculator Esta información es necesaria para limitar toda deducción de la pérdida real que se originó por el daño a la propiedad. Military tax return calculator   Existen varios factores importantes para evaluar la exactitud de una tasación, entre ellos: El conocimiento del tasador sobre su propiedad antes y después del hecho fortuito o robo. Military tax return calculator El conocimiento del tasador sobre la venta de propiedades similares en esa zona. Military tax return calculator El conocimiento del tasador sobre las condiciones de la zona donde ocurrió el hecho fortuito. Military tax return calculator El método de tasación que utilice el tasador. Military tax return calculator    Para establecer la cantidad de su pérdida por desastre debido a un desastre declarado como tal por el gobierno federal, quizá podría utilizar una tasación obtenida para un préstamo del gobierno federal (o una garantía de préstamo federal). Military tax return calculator Para obtener más información sobre desastres, vea la sección titulada Pérdidas en Zonas de Desastre en la Publicación 547(SP). Military tax return calculator Costo de limpieza y reparaciones. Military tax return calculator   El costo de reparar propiedad dañada no es parte de la pérdida por hechos fortuitos. Military tax return calculator Tampoco lo es el costo de la limpieza después de un hecho fortuito. Military tax return calculator Pero puede utilizar el costo de la limpieza o de las reparaciones después de un hecho fortuito como una medida de la disminución del valor justo de mercado, si cumple con todas las condiciones siguientes: Las reparaciones de hecho se realizan. Military tax return calculator Las reparaciones son necesarias para que la propiedad vuelva a su condición anterior a que ocurriera el hecho fortuito. Military tax return calculator La cantidad que se gasta en reparaciones no es excesiva. Military tax return calculator Las reparaciones se realizan únicamente para reparar los daños. Military tax return calculator El valor de la propiedad después de efectuadas las reparaciones no es, debido a dichas reparaciones, mayor que el valor de la propiedad antes de ocurrir el hecho fortuito. Military tax return calculator Jardines. Military tax return calculator   El costo de restaurar jardines a su condición original después de un hecho fortuito podría indicar la disminución del valor justo de mercado. Military tax return calculator Es posible que pueda medir la pérdida según lo que gaste en las siguientes actividades: Sacar árboles y arbustos destruidos o dañados, menos el valor de todo artículo salvado que haya recibido. Military tax return calculator Podar y tomar otras medidas a fin de conservar árboles y arbustos dañados. Military tax return calculator Volver a plantar si es necesario para restaurar la propiedad a su valor aproximado antes de ocurrir el hecho fortuito. Military tax return calculator Valor de automóviles. Military tax return calculator    Los libros de diversas organizaciones automovilísticas que incluyan información sobre su automóvil pueden ser útiles para calcular el valor del mismo. Military tax return calculator Puede usar los valores de venta al por menor que aparecen en los libros y modificarlos según factores como el millaje y la condición de su vehículo para calcular el valor. Military tax return calculator Los precios no son oficiales, pero podrían ser útiles para determinar el valor del auto y sugerir precios relativos que sirvan de comparación con las ventas y ofertas actuales de su zona. Military tax return calculator Si su automóvil no aparece en esos libros, determine el valor basándose en otras fuentes. Military tax return calculator La oferta que reciba de un concesionario por su automóvil como parte del pago por uno nuevo normalmente no es un cálculo de su valor real. Military tax return calculator Cómo Calcular la Disminución del Valor Justo de Mercado— Aspectos que no se Deben Tener en Cuenta Por lo general, no se deben tener en cuenta los siguientes puntos al calcular la disminución del valor justo de mercado de su propiedad. Military tax return calculator Costos de protección. Military tax return calculator   El costo de proteger su propiedad contra un hecho fortuito o robo no es parte de las pérdidas por hecho fortuito o robo. Military tax return calculator La suma que gaste para proteger su casa de tormentas, ya sea en seguros o colocando tablones sobre las ventanas, no constituye parte de la pérdida. Military tax return calculator   Si realiza mejoras permanentes en su propiedad para protegerse de un hecho fortuito o robo, agregue el costo de estas mejoras a la base de la propiedad. Military tax return calculator Un ejemplo sería el costo de un dique para prevenir inundaciones. Military tax return calculator Excepción. Military tax return calculator   Los gastos en los que incurrió en relación a pagos calificados de mitigación de desastres no se pueden añadir a la base de la propiedad, ni deducirse como gastos de negocio. Military tax return calculator Vea Pérdidas en Zonas de Desastre en la Publicación 547(SP). Military tax return calculator Gastos imprevistos. Military tax return calculator   Los gastos imprevistos en los que incurra por causa de un hecho fortuito o robo, como por ejemplo los gastos de tratamiento de lesiones personales, gastos de vivienda temporal o de alquilar un automóvil, no constituyen parte de su pérdida por hecho fortuito o robo. Military tax return calculator Costo de reposición. Military tax return calculator   Los costos de reposición de bienes robados o destruidos no son parte de la pérdida por hecho fortuito o robo. Military tax return calculator Valor sentimental. Military tax return calculator   No tenga en cuenta el valor sentimental cuando calcule su pérdida. Military tax return calculator Si un retrato familiar, artículos heredados o recuerdos han sido dañados, destruidos o robados, tiene que basar su pérdida sólo en el valor justo de mercado de estos bienes, limitado por su base ajustada en dichos bienes. Military tax return calculator Disminución del valor de mercado de la propiedad en la zona del hecho fortuito o en sus alrededores. Military tax return calculator   No se puede tener en cuenta la disminución del valor de una propiedad por encontrarse en una zona afectada por un hecho fortuito o en los alrededores de esa zona, o en una zona que podría volver a sufrir un hecho de este tipo. Military tax return calculator Su pérdida es sólo por los daños reales a la propiedad. Military tax return calculator Sin embargo, si su hogar se encuentra en un área declarada zona de desastre por el gobierno federal, vea Pérdidas en Zonas de Desastre en la Publicación 547(SP). Military tax return calculator Costos de fotografías y tasaciones. Military tax return calculator    Las fotografías tomadas después de haber ocurrido el hecho fortuito servirán para establecer la condición y el valor de la propiedad después de los daños. Military tax return calculator También serán útiles las fotografías que muestren la condición de la propiedad después de haber sido reparada, restaurada o repuesta. Military tax return calculator   Se usan tasaciones para calcular la disminución del valor justo de mercado por un hecho fortuito o robo. Military tax return calculator Para obtener información sobre las tasaciones, vea Tasación en la sección anterior titulada Cómo Calcular la Disminución del Valor Justo de Mercado — Aspectos que se Deben Tener en Cuenta. Military tax return calculator   Los costos de fotografías y tasaciones usadas como prueba del valor y condición de la propiedad dañada por causa de un hecho fortuito no son parte de la pérdida. Military tax return calculator Puede declarar estos costos como una deducción miscelánea detallada sujeta al límite del 2% del ingreso bruto ajustado del Anexo A (Formulario 1040). Military tax return calculator Para más información acerca de las deducciones misceláneas, vea el capítulo 28. Military tax return calculator Base Ajustada La base ajustada es el grado de inversión (o base) que usted tiene en los bienes (normalmente el costo) que posee, el cual se ve aumentado o disminuido por varios acontecimientos, como mejoras y pérdidas por hecho fortuito. Military tax return calculator Para más información, vea el cápitulo 13. Military tax return calculator Seguro y Otros Reembolsos Si recibe un pago de un seguro u otro tipo de reembolso, tiene que restar el monto del reembolso cuando calcule su pérdida. Military tax return calculator No tendrá pérdida por hechos fortuitos o por robo en la medida en que se le reembolse. Military tax return calculator Si espera un reembolso parcial o total de la pérdida, tiene que restar el monto del reembolso esperado cuando calcule la pérdida. Military tax return calculator Tiene que reducir la pérdida aun si no recibe el pago hasta un año tributario posterior. Military tax return calculator Vea más adelante la sección titulada Reembolso Recibido Después de la Deducción de una Pérdida . Military tax return calculator En caso de no presentar una reclamación de reembolso. Military tax return calculator   Si su propiedad está asegurada, tiene que presentar oportunamente al seguro una reclamación de reembolso de la pérdida. Military tax return calculator De lo contrario, no puede deducir esta pérdida como hecho fortuito o robo. Military tax return calculator Sin embargo, la porción de la pérdida que no cubre el seguro no está sujeta a esta regla (por ejemplo, un monto deducible). Military tax return calculator Ejemplo. Military tax return calculator Usted tiene una póliza de seguro de automóvil con un deducible de $1,000. Military tax return calculator Como su seguro no cubrió los primeros $1,000 de un choque automovilístico, los $1,000 constituirían una suma deducible (sujeta a los límites de la deducción que se explican más adelante). Military tax return calculator Esto es cierto aun si no presenta una reclamación de reembolso al seguro, ya que su póliza de seguro bajo ninguna circunstancia le hubiera reembolsado la suma deducible. Military tax return calculator Tipos de Reembolsos El tipo de reembolso más común es el pago del seguro por bienes robados o dañados. Military tax return calculator A continuación se examinan otros tipos de reembolsos. Military tax return calculator Vea también las Instrucciones del Formulario 4684, en inglés. Military tax return calculator Fondo de emergencia del empleador en caso de desastre. Military tax return calculator   Si recibe dinero proveniente del fondo de emergencia del empleador en caso de desastre y tiene que utilizar ese dinero para arreglar o reponer bienes sobre los cuales declara una deducción de pérdida por hecho fortuito, tiene que tener en cuenta esa suma cuando calcule dicha deducción. Military tax return calculator Tenga en cuenta sólo la cantidad que utilizó para reponer los bienes destruidos o dañados. Military tax return calculator Ejemplo. Military tax return calculator Su vivienda sufrió daños considerables en un tornado. Military tax return calculator El monto de su pérdida después del reembolso de la compañía de seguros fue de $10,000. Military tax return calculator Su empleador estableció un fondo de ayuda en caso de desastre para los empleados. Military tax return calculator Aquellos empleados que recibieron dinero de ese fondo tuvieron que usarlo para reparar o reponer los bienes que resultaron dañados o destruidos. Military tax return calculator Usted recibió $4,000 como parte de este fondo y gastó toda esa suma haciendo reparaciones a su casa. Military tax return calculator Al calcular su pérdida por hecho fortuito, tiene que restar del total de su pérdida no reembolsada ($10,000) los $4,000 que recibió del fondo de su empleador. Military tax return calculator Por lo tanto, su pérdida por hechos fortuitos antes de aplicar los límites de la deducción (que se examinan más adelante) es de $6,000. Military tax return calculator Regalos en efectivo. Military tax return calculator   Si, como víctima de algún desastre, recibe donaciones excluibles en efectivo, y no existen límites sobre cómo puede usar el dinero, no puede reducir la pérdida por hecho fortuito con este tipo de donaciones. Military tax return calculator Esto es aplicable aun cuando use el dinero para pagar reparaciones de la propiedad dañada en el desastre. Military tax return calculator Ejemplo. Military tax return calculator Su vivienda fue dañada por un huracán. Military tax return calculator Sus familiares y vecinos le dieron donaciones en efectivo excluibles de sus ingresos. Military tax return calculator Usted utilizó parte de esas donaciones para realizar reparaciones en su vivienda. Military tax return calculator No hubo límites ni restricciones sobre cómo debía usar ese dinero en efectivo. Military tax return calculator Como era una donación excluible de su ingreso, el dinero que recibió y usó para pagar esas reparaciones no reduce el monto de la pérdida por hechos fortuitos de su casa dañada. Military tax return calculator Pagos del seguro por gastos de manutención. Military tax return calculator   No reduzca la pérdida por hechos fortuitos con pagos que haya recibido del seguro para cubrir gastos de manutención en cualquiera de las dos situaciones siguientes: Si pierde el uso de su vivienda principal debido a un hecho fortuito. Military tax return calculator Si las autoridades del gobierno no le permiten acceso a su vivienda principal por causa de un hecho fortuito o por amenaza de que éste ocurra. Military tax return calculator Inclusión en los ingresos. Military tax return calculator   Si estos pagos del seguro son mayores al aumento temporal de sus gastos de manutención, tiene que incluir el excedente en sus ingresos. Military tax return calculator Declare esta cantidad en la línea 21 del Formulario 1040. Military tax return calculator Sin embargo, si el hecho fortuito tuvo lugar en una zona de desastre declarada por el gobierno federal, ninguno de los pagos del seguro será tributable. Military tax return calculator Vea Pagos calificados para mitigación de desastres bajo Pérdidas en Zonas de Desastre en la Publicación 547(SP). Military tax return calculator   El aumento temporal de los gastos de manutención es la diferencia entre los gastos de manutención reales en los que su familia y usted han incurrido durante el período en que no pudieron usar su vivienda y los gastos normales de manutención para ese período. Military tax return calculator Los gastos de manutención reales son aquellos gastos razonables y necesarios en los que se ha incurrido debido a la pérdida de su vivienda principal. Military tax return calculator Por lo general, estos gastos incluyen las cantidades pagadas por: Alquiler de una vivienda adecuada. Military tax return calculator Transporte. Military tax return calculator Alimentos. Military tax return calculator Servicios públicos. Military tax return calculator Servicios misceláneos. Military tax return calculator Los gastos normales de manutención son los gastos en los cuales normalmente hubiera incurrido, pero no lo hizo por haber ocurrido un hecho fortuito o por la amenaza de que uno ocurriera. Military tax return calculator Ejemplo. Military tax return calculator Usted tuvo que abandonar su apartamento durante un mes a causa de un incendio y alojarse en un motel. Military tax return calculator Normalmente paga $525 al mes de alquiler, pero no tuvo que pagar durante el mes en que el apartamento estuvo desocupado. Military tax return calculator Este mes pagó $1,200 por alojarse en un motel. Military tax return calculator Normalmente paga $200 al mes en alimentación. Military tax return calculator Sus gastos de alimentación durante este mes fueron de $400. Military tax return calculator Usted recibió $1,100 de su compañía de seguros para cubrir sus gastos de manutención. Military tax return calculator Calcule el pago que tiene que incluir en los ingresos de la siguiente manera: 1) Pagos del seguro para gastos de manutención $1,100 2) Gastos reales durante el mes en que no puede vivir en su casa debido al incendio 1,600   3) Gastos normales de manutención 725   4) Aumento temporal de los gastos de manutención:  Reste la línea 3 de la línea 2 875 5) Cantidad del pago que se puede incluir en el ingreso: Reste la línea 4  de la línea 1 $ 225 Año tributario en el cual se incluye la cantidad. Military tax return calculator   La parte del pago del seguro sujeta a impuestos se incluye como ingreso para el año en que vuelva a hacer uso de su vivienda principal o, si ocurre más adelante, el año en el que reciba la parte tributable del pago del seguro. Military tax return calculator Ejemplo. Military tax return calculator En agosto de 2011, su vivienda principal fue destruida por un tornado. Military tax return calculator En el mes de noviembre de 2012, usted volvió a habitar su vivienda. Military tax return calculator Los pagos que recibió del seguro en los años 2011 y 2012 fueron $1,500 más que el aumento temporal de sus gastos de manutención durante esos 2 años. Military tax return calculator Esta cantidad se incluye como ingresos en el Formulario 1040 de 2012. Military tax return calculator Si durante 2013 recibe pagos adicionales para cubrir los gastos de manutención que tuvo en 2011 y 2012, tiene que incluir esos pagos como ingresos en su Formulario 1040 de 2013. Military tax return calculator Asistencia en caso de desastre. Military tax return calculator   Los alimentos, suministros médicos y otras formas de asistencia que usted reciba no reducen su monto de pérdida por hechos fortuitos, a menos que sean una reposición de bienes perdidos o destruidos. Military tax return calculator Los pagos calificados de asistencia en caso de desastre que reciba por gastos en los que haya incurrido derivados de un desastre declarado por el gobierno federal no son ingresos tributables en su caso. Military tax return calculator Para mayor información, vea Pérdidas en Zonas de Desastre en la Publicación 547(SP). Military tax return calculator Los pagos de ayuda por desempleo en caso de desastre constituyen beneficios tributables por desempleo. Military tax return calculator Por lo general, los subsidios de asistencia en casos de desastre y los pagos para atenuar desastres que reúnen los requisitos y que se reciban conforme a la Robert T. Military tax return calculator Stafford Disaster Relief and Emergency Assistance Act (Ley Robert T. Military tax return calculator Stafford de Asistencia en Caso de Desastre y de Emergencia) o al National Flood Insurance Act (Ley del Seguro Nacional en caso de Inundaciones) (según vigente el 15 de abril de 2005) no se incluyen en sus ingresos. Military tax return calculator Vea Pérdidas en Zonas de Desastre en la Publicación 547(SP). Military tax return calculator Reembolso Recibido Después de la Deducción de una Pérdida Si calculó su pérdida por hechos fortuitos o robo utilizando la cantidad del reembolso esperado, es posible que tenga que ajustar su declaración de impuestos para el año tributario en el cual reciba su reembolso real. Military tax return calculator Esta sección explica el ajuste que podría verse obligado a hacer. Military tax return calculator Reembolso real menor a la cantidad esperada. Military tax return calculator   Si posteriormente recibe un reembolso menor de lo que esperaba, incluya esa diferencia como pérdida junto con las demás (si las hubiera) en la declaración del año en el cual razonablemente no espere recibir reembolso adicional. Military tax return calculator Ejemplo. Military tax return calculator En el año 2012, su automóvil personal tenía un valor justo de mercado de $2,000 cuando fue destruido en un choque con otro automóvil. Military tax return calculator El accidente se debió a la negligencia del otro conductor. Military tax return calculator Al final del año 2012, existía una posibilidad razonable de que el dueño del otro vehículo le reembolsara la totalidad de los daños. Military tax return calculator Usted no tuvo una pérdida deducible durante el 2012. Military tax return calculator En enero de 2013, los tribunales le adjudicaron $2,000. Military tax return calculator Sin embargo, en el mes de julio se hizo evidente que no podría cobrar cantidad alguna del otro conductor. Military tax return calculator Puede deducir la pérdida en 2013 conforme a los límites explicados más adelante. Military tax return calculator Reembolso real mayor a la cantidad esperada. Military tax return calculator   Si posteriormente recibe un reembolso que resulta ser mayor que la cantidad esperada, tras haber solicitado una deducción por la pérdida, puede que tenga que incluir el monto adicional del reembolso en sus ingresos del año en que lo recibió. Military tax return calculator No obstante, si alguna parte de la deducción original no redujo su impuesto para el año anterior, no incluya esa parte del reembolso en sus ingresos. Military tax return calculator No vuelva a calcular su impuesto para el año en que solicitó la deducción. Military tax return calculator Para más información, vea Recuperación de Fondos en el capítulo 12. Military tax return calculator Si el total de todos los reembolsos que reciba es mayor a la base ajustada de los bienes destruidos o robados, obtendrá una ganancia a partir del hecho fortuito o robo. Military tax return calculator Si ya ha hecho una deducción por una pérdida y recibe ese reembolso posteriormente en otro año, es posible que tenga que incluir la ganancia en sus ingresos por el año posterior. Military tax return calculator Incluya la ganancia como ingreso ordinario hasta el monto de la deducción que redujo sus impuestos el año anterior. Military tax return calculator Vea Cómo Calcular una Ganancia en la Publicación 547(SP) para más información sobre cómo tratar una ganancia proveniente del reembolso de un hecho fortuito o robo. Military tax return calculator Reembolso real por la cantidad esperada. Military tax return calculator   Si recibe un reembolso por la cantidad exacta que esperaba recibir, no tiene que incluir cantidad alguna en sus ingresos y no puede deducir pérdida adicional alguna. Military tax return calculator Ejemplo. Military tax return calculator En diciembre de 2013, usted tuvo un accidente cuando conducía su automóvil personal. Military tax return calculator Las reparaciones de su automóvil costaron $950. Military tax return calculator Usted tenía $100 como deducible de su seguro contra choques. Military tax return calculator Su compañía de seguros aceptó reembolsarle la cantidad correspondiente al resto de los daños. Military tax return calculator Como esperaba un reembolso de la compañía de seguros, en el año 2013 no tuvo una deducción de pérdida por hecho fortuito. Military tax return calculator Debido a la regla de los $100 (tratada más adelante bajo Límites de la Deducción ), no puede deducir los $100 que pagó como suma deducible. Military tax return calculator Cuando reciba los $850 de la compañía de seguros en 2014, no los declare como ingresos. Military tax return calculator Un Solo Hecho Fortuito en Bienes Múltiples Bienes muebles. Military tax return calculator   Los bienes muebles son todos aquéllos que no sean bienes raíces. Military tax return calculator Si le roban bienes muebles, o si un hecho fortuito los daña o los destruye, tendrá que calcular la pérdida de cada artículo por separado. Military tax return calculator Luego combine dichas pérdidas para calcular el total de su pérdida procedente de aquel hecho fortuito o robo. Military tax return calculator Ejemplo. Military tax return calculator Un incendio en su casa destruyó una silla tapizada, una alfombra oriental y una mesa antigua. Military tax return calculator Usted no tenía seguro contra incendio para cubrir su pérdida. Military tax return calculator (Éste fue el único hecho fortuito o robo que sufrió durante el año). Military tax return calculator Pagó $750 por la silla y calculó que la misma tenía un valor justo de mercado de $500 justo antes del incendio. Military tax return calculator La alfombra costó $3,000 y tenía un valor justo de mercado de $2,500 justo antes del incendio. Military tax return calculator Compró la mesa en una subasta a un precio de $100 antes de enterarse de que era una antigüedad. Military tax return calculator La habían tasado en $900 antes del incendio. Military tax return calculator La pérdida de cada uno de esos artículos se calcula de la manera siguiente:     Silla Alfombra Mesa 1) Base (costo) $750 $3,000 $100 2) Valor justo de mercado antes del incendio $500 $2,500 $900 3) Valor justo de mercado después del incendio –0– –0– –0– 4) Disminución del valor justo de mercado $500 $2,500 $900 5) Pérdida (cantidad menor entre la línea (1) o la línea (4)) $500 $2,500 $100           6) Pérdida total     $3,100 Bienes raíces. Military tax return calculator   Para calcular una pérdida de bienes raíces de uso personal, toda la propiedad (incluidas las mejoras como edificios, árboles y arbustos) se considera una sola. Military tax return calculator Calcule la pérdida utilizando la cantidad de la base ajustada o la disminución del valor justo de mercado de toda la propiedad, la que sea menor. Military tax return calculator Ejemplo. Military tax return calculator Usted compró su vivienda hace algunos años. Military tax return calculator En esa época pagó $160,000 ($20,000 por el terreno y $140,000 por la casa). Military tax return calculator También gastó $2,000 por concepto de jardinería ornamental. Military tax return calculator Este año, un incendio destruyó su vivienda. Military tax return calculator El incendio también ocasionó daños a los arbustos y árboles del patio. Military tax return calculator El incendio fue la única pérdida por hecho fortuito o robo que tuvo este año. Military tax return calculator Tasadores competentes valoraron la propiedad completa en $200,000 antes del incendio, pero sólo en $30,000 después de éste. Military tax return calculator (No se incluye la pérdida de enseres domésticos en este ejemplo. Military tax return calculator Ésta se calcularía por separado para cada artículo, como se explica anteriormente bajo Bienes muebles ). Military tax return calculator Poco después del incendio, la compañía de seguros le pagó $155,000 por la pérdida. Military tax return calculator La deducción de la pérdida por hecho fortuito se calcula de la siguiente forma: 1) Base ajustada de la propiedad completa (terreno, edificio y jardinería ornamental) $162,000 2) Valor justo de mercado de toda la propiedad antes del incendio $200,000 3) Valor justo de mercado de toda la propiedad después del incendio 30,000 4) Disminución del valor justo de mercado de toda la propiedad $170,000 5) Pérdida (cantidad menor entre la línea (1) o la línea (4)) $162,000 6) Reste la cantidad del seguro 155,000 7) Pérdida después del reembolso $7,000 Tabla 25-1. Military tax return calculator Cómo Aplicar los Límites de la Deducción por Bienes de Uso Personal   Regla de los $100 Regla del 10% Aplicación General Al calcular su deducción, tiene que restar $100 de cada pérdida por hecho fortuito o robo. Military tax return calculator Aplique esta regla después de haber calculado el monto de su pérdida. Military tax return calculator Tiene que restar el 10% de su ingreso bruto ajustado del total de las pérdidas por hecho fortuito o robo. Military tax return calculator Aplique esta regla después de haber descontado $100 (regla de los $100) de cada pérdida. Military tax return calculator Un Solo Suceso Aplique esta regla sólo una vez, aún cuando se haya visto afectado un gran número de bienes. Military tax return calculator Aplique esta regla sólo una vez, aún cuando se haya visto afectado un gran número de bienes. Military tax return calculator Más de un Suceso Aplique esta regla a la pérdida derivada de cada suceso. Military tax return calculator Aplique esta regla al total de pérdidas derivadas de todos los sucesos. Military tax return calculator Más de una Persona– Con Pérdida del Mismo Suceso (que no sea una pareja casada que presenta una declaración conjunta) Aplique esta regla independientemente a cada persona. Military tax return calculator Aplique esta regla independientemente a cada persona. Military tax return calculator Pareja Casada– con pérdidas a partir del mismo suceso Declaración Conjunta Aplique esta regla como si fueran una sola persona. Military tax return calculator Aplique esta regla como si fueran una sola persona. Military tax return calculator Declaración por Separado Aplique esta regla independientemente a cada cónyuge. Military tax return calculator Aplique esta regla independientemente a cada cónyuge. Military tax return calculator Más de un Dueño  (que no sea una pareja casada  que presenta una declaración conjunta) Aplique esta regla independientemente a cada propietario de una misma propiedad. Military tax return calculator Aplique esta regla independientemente a cada propietario de una misma propiedad. Military tax return calculator Límites de la Deducción Después de calcular la pérdida por hecho fortuito o robo, tiene que calcular cuánta parte de la pérdida puede deducir. Military tax return calculator Si la misma fue una pérdida en bienes de uso personal o de su familia, hay dos límites a la cantidad que puede deducir por el hecho fortuito o robo. Military tax return calculator Tiene que descontar $100 (regla de los $100) de cada pérdida por hecho fortuito o robo. Military tax return calculator Tiene que restar además el 10% de su ingreso bruto ajustado (regla del 10%) del total de sus pérdidas por hecho fortuito o robo. Military tax return calculator Estas reducciones se hacen en el Formulario 4684, en inglés. Military tax return calculator Estas reglas se explican a continuación y la Tabla 25-1 resume cómo aplicar la regla de los $100 y la regla del 10% en varias situaciones. Military tax return calculator Para explicaciones y ejemplos más detallados, vea la Publicación 547(SP). Military tax return calculator Propiedad usada en parte para fines comerciales y en parte para fines personales. Military tax return calculator   Cuando los bienes se utilizan en parte para fines personales y en parte para fines comerciales o de generación de ingresos, la deducción de la pérdida por hechos fortuitos o robo se calcula por separado para la porción de uso personal y para la porción con fines comerciales o de generación de ingresos. Military tax return calculator Es preciso calcular ambas por separado porque la regla de los $100 y la regla del 10% son aplicables únicamente a la pérdida ocasionada en la porción para uso personal de la propiedad. Military tax return calculator Regla de los $100 Después de calcular su pérdida de bienes de uso personal debido a un hecho fortuito o robo, tiene que restar $100 de esa pérdida. Military tax return calculator Esta reducción es aplicable a cada pérdida total por hecho fortuito o robo. Military tax return calculator No importa el número de bienes afectados en un suceso. Military tax return calculator Sólo será aplicable una reducción de $100. Military tax return calculator Ejemplo. Military tax return calculator Una tormenta de granizo causa daños a su casa y a su automóvil. Military tax return calculator Calcule la cantidad de la pérdida, como se explica anteriormente, para cada uno de estos artículos. Military tax return calculator Como las pérdidas se deben a un solo acontecimiento, combine las pérdidas y descuente $100 del monto combinado. Military tax return calculator Un solo suceso. Military tax return calculator   Por lo general, los sucesos que están estrechamente relacionados en cuanto a origen causan un solo hecho fortuito. Military tax return calculator Es un solo hecho fortuito cuando el daño se deriva de dos o más causas estrechamente relacionadas, como por ejemplo, daños por viento e inundaciones provocados por la misma tormenta. Military tax return calculator Regla del 10% Tiene que restar, del total de sus pérdidas por hecho fortuito o robo causadas a bienes de uso personal, un 10% de su ingreso bruto ajustado. Military tax return calculator Aplique esta regla después de haber descontado $100 de cada pérdida. Military tax return calculator Para información adicional, vea las Instrucciones del Formulario 4684, en inglés. Military tax return calculator Si tiene ganancias y pérdidas por hecho fortuito o robo, vea más adelante la sección titulada Ganancias y pérdidas. Military tax return calculator Ejemplo 1. Military tax return calculator En junio, descubrió que robaron en su casa. Military tax return calculator Su pérdida después del reeembolso del seguro fue $2,000. Military tax return calculator Su ingreso bruto ajustado del año en el que descubrió el robo es $29,500. Military tax return calculator Primero se aplica la regla de los $100 y luego la regla del 10%. Military tax return calculator Calcule su deducción por concepto de pérdida por robo como se muestra a continuación: 1) Pérdida después del reembolso del seguro $2,000 2) Reste $100 100 3) Pérdida después de aplicar la regla de los $100 $1,900 4) Reste el 10% de $29,500 de ingreso bruto ajustado 2,950 5) Deducción de pérdida por robo –0–       Usted no tiene una deducción por concepto de pérdida por robo porque su pérdida después de haber aplicado la regla de los $100 ($1,900) es menor del 10% de su ingreso bruto ajustado ($2,950). Military tax return calculator Ejemplo 2. Military tax return calculator En marzo, usted tuvo un accidente automovilístico que destruyó completamente su vehículo. Military tax return calculator No tenía seguro contra accidentes y por lo tanto no recibió reembolso del seguro. Military tax return calculator La pérdida que tuvo en su automóvil fue $1,800. Military tax return calculator En noviembre, un incendio causó daños en el sótano de su casa y destruyó completamente los muebles, la máquina lavadora, la secadora y otros artículos que guardaba allí. Military tax return calculator Su pérdida de los artículos del sótano después del reembolso fue de $2,100. Military tax return calculator Su ingreso bruto ajustado para el año en que ocurrieron el accidente y el incendio es de $25,000. Military tax return calculator Usted calcula su deducción de pérdidas por hechos fortuitos de la siguiente forma:             Vehículo Sótano 1) Pérdida $1,800 $2,100 2) Reste $100 por incidente 100 100 3) Pérdida después de aplicar la regla de los $100 $1,700 $2,000 4) Total de la pérdida $3,700 5) Reste el 10% de $25,000 del ingreso bruto ajustado 2,500 6) Deducción de pérdida por hecho fortuito $1,200 Ganancias y pérdidas. Military tax return calculator   Si tiene tanto ganancias como pérdidas por hechos fortuitos o robo de bienes de uso personal, tiene que comparar el total de ganancias con el total de pérdidas. Military tax return calculator Haga esto luego de haber descontado todo reembolso, y los $100, del monto de cada pérdida, pero antes de haber restado el 10% del ingreso bruto ajustado de las pérdidas. Military tax return calculator Las ganancias por hecho fortuito o robo no incluyen ganancias que usted haya decidido aplazar. Military tax return calculator Vea la Publicación 547(SP) para más información sobre el aplazamiento de la declaración de una ganancia. Military tax return calculator Pérdidas mayores a las ganancias. Military tax return calculator   Si sus pérdidas resultan ser mayores que sus ganancias reconocidas, reste las ganancias de las pérdidas y reste del resultado el 10% de su ingreso bruto ajustado. Military tax return calculator El resto, si lo hubiera, es su pérdida deducible proveniente de bienes de uso personal. Military tax return calculator Ganancias mayores a las pérdidas. Military tax return calculator   Si las ganancias reconocidas son mayores que las pérdidas, reste las pérdidas de las ganancias. Military tax return calculator La diferencia se considera una ganancia de capital y tiene que declararse en el Anexo D (Formulario 1040). Military tax return calculator La regla del 10% no es aplicable a las ganancias. Military tax return calculator Cuándo Declarar Ganancias y Pérdidas Ganancias. Military tax return calculator   Si recibe un reembolso de seguros o de otro tipo que sea mayor a la base ajustada en los bienes que fueron destruidos o robados, tiene una ganancia resultante del hecho fortuito o robo. Military tax return calculator Tiene que incluir esta ganancia en su ingreso en el año en que reciba el reembolso, a menos que escoja aplazar la declaración de la ganancia según lo explicado en la Publicación 547(SP). Military tax return calculator Si tiene una pérdida, vea la Tabla 25-2. Military tax return calculator Tabla 25-2. Military tax return calculator Cuándo Deducir una Pérdida SI tiene una pérdida. Military tax return calculator . Military tax return calculator . Military tax return calculator ENTONCES dedúzcala en el año en el que. Military tax return calculator . Military tax return calculator . Military tax return calculator proveniente de un hecho fortuito, ocurrió la pérdida. Military tax return calculator en una zona de desastre declarada como tal por el gobierno federal, ocurrió el desastre o el año inmediatamente antes del desastre. Military tax return calculator proveniente de un robo, el robo fue descubierto. Military tax return calculator en un depósito tratado como:   • hecho fortuito o cualquier pérdida ordinaria, se puede llegar a un cálculo aproximado razonable. Military tax return calculator • deuda incobrable, los depósitos no tienen ningún valor. Military tax return calculator Pérdidas. Military tax return calculator   Por lo general, puede deducir una pérdida por hecho fortuito no reembolsable sólo en el año tributario en el cual ocurrió el hecho fortuito. Military tax return calculator Esto es aplicable aun cuando no repare o reponga los bienes dañados hasta un año posterior. Military tax return calculator   Puede deducir pérdidas por robo no reembolsables sólo en el año en el que descubrió que los bienes fueron robados. Military tax return calculator   Si no está seguro de si se le va a reembolsar alguna parte de la pérdida por hecho fortuito o robo, no deduzca dicha parte hasta el año tributario en que llegue a ser razonablemente seguro que no se le va a reembolsar. Military tax return calculator Pérdidas de depósitos. Military tax return calculator   Si su pérdida es una pérdida de depósitos hechos en una institución financiera insolvente o en quiebra, vea la sección anterior, Pérdidas de Depósitos . Military tax return calculator Pérdidas en Zonas de Desastre Normalmente, tiene que deducir una pérdida por hecho fortuito en el año en el que aconteció. Military tax return calculator No obstante, si sufre una pérdida por hecho fortuito a causa de un desastre declarado como tal por el gobierno federal que ocurrió en una zona beneficiaria de ayuda pública y/o privada, puede optar por deducir esta pérdida en su declaración o declaración enmendada para cualquiera de los siguientes años: El año en el que aconteció el desastre. Military tax return calculator El año inmediatamente anterior al año cuando aconteció el desastre. Military tax return calculator Ganancias. Military tax return calculator    Hay reglas especiales que corresponden si escoge aplazar la declaración de ganancias sobre bienes dañados o destruidos en una zona de desastre declarada como tal por el gobierno federal. Military tax return calculator Para saber más sobre esas reglas especiales, vea la Publicación 547(SP). Military tax return calculator Plazos tributarios aplazados. Military tax return calculator   El IRS puede aplazar ciertos plazos tributarios hasta 1 año para aquellos contribuyentes que sean afectados por un desastre declarado por el gobierno federal. Military tax return calculator Los plazos tributarios que puede aplazar el IRS incluyen aquéllos para presentar las declaraciones de impuesto sobre el ingreso y el impuesto sobre la nómina, y también puede aplazar los plazos para pagar el impuesto sobre el ingreso y el impuesto sobre la nómina así como para hacer aportaciones a un arreglo IRA tradicional o un arreglo Roth IRA. Military tax return calculator   Si se posterga el plazo tributario, el IRS anunciará este aplazamiento en su zona mediante un comunicado de prensa, una orden reglamentaria sobre impuestos, procedimientos tributarios, avisos, anuncios y a través de otros comunicados del Boletín de Impuestos Internos (IRB, por sus siglas en inglés) que le puedan servir de guía. Military tax return calculator Vaya a www. Military tax return calculator irs. Military tax return calculator gov/Spanish/Alivio-Tributario-en-Situaciones-de-Desastre-para-Personas-y-Negocios para ver si algún plazo tributario ha sido pospuesto en su área y para más información acerca de alivios en situaciones de desastre. Military tax return calculator Quién cumple los requisitos. Military tax return calculator   Si el IRS posterga un plazo tributario, los siguientes contribuyentes reúnen los requisitos para este aplazamiento: Toda persona física cuya vivienda principal está ubicada en una zona de desastre con cobertura (como se define más adelante). Military tax return calculator Toda entidad comercial o empresario por cuenta propia cuyo lugar principal de trabajo se encuentre en una zona de desastre con cobertura. Military tax return calculator Una persona que trabaje en servicios de ayuda y esté afiliada con alguna organización filantrópica o gubernamental y que esté ofreciendo ayuda en una zona de desastre que tenga cobertura. Military tax return calculator Toda persona física, entidad comercial o empresa por cuenta propia cuyos registros se necesiten para cumplir un plazo tributario ya aplazado, siempre que esa documentación se mantenga en una zona de desastre con cobertura. Military tax return calculator No es necesario que la vivienda principal o lugar principal de trabajo esté ubicado en la zona de desastre con cobertura. Military tax return calculator Todo caudal hereditario o fideicomiso que tenga registros tributarios necesarios para cumplir un plazo tributario ya aplazado, siempre que esa documentación se mantenga en una zona de desastre con cobertura. Military tax return calculator El cónyuge que presente una declaración conjunta con un contribuyente que reúna los requisitos para obtener un aplazamiento. Military tax return calculator Toda persona física, entidad comercial o empresa por cuenta propia no ubicada en una zona de desastre con cobertura pero cuyos registros necesarios para cumplir un plazo tributario ya aplazado se mantengan en dicha zona de desastre con cobertura. Military tax return calculator Toda persona física que haya visitado la zona de desastre con cobertura y que haya fallecido o sufrido lesiones por causa del desastre. Military tax return calculator Cualquier otra persona que el IRS determine que ha sido afectada por un desastre declarado como tal por el gobierno federal. Military tax return calculator Zona de desastre con cobertura. Military tax return calculator   Es una zona de desastre declarada como tal por el gobierno federal en la cual el IRS ha decidido postergar los plazos tributarios hasta por un año. Military tax return calculator Reducción de intereses y multas. Military tax return calculator   El IRS puede reducir los intereses y multas por impuestos sobre el ingreso que no hayan sido pagados en su totalidad por la duración del aplazamiento de plazos tributarios. Military tax return calculator Información adicional. Military tax return calculator   Para mayor información, vea Pérdidas en Zonas de Desastre en la Publicación 547(SP). Military tax return calculator Cómo Declarar Ganancias y Pérdidas Use el Formulario 4684, en inglés, para declarar una ganancia o pérdida deducible de un hecho fortuito o robo. Military tax return calculator Si sufre más de un solo hecho fortuito o robo, use un Formulario 4684 distinto para determinar su pérdida o ganancia para cada acontecimiento. Military tax return calculator Combine las ganancias y pérdidas en un solo Formulario 4684. Military tax return calculator Siga las instrucciones del mismo con respecto a qué líneas se han de llenar. Military tax return calculator Además, tiene que usar el anexo correspondiente para declarar una ganancia o pérdida. Military tax return calculator El anexo que debe usar dependerá de si tiene una ganancia o pérdida. Military tax return calculator Si tiene una: Declárela en el: Ganancia Anexo D (Formulario 1040) Pérdida Anexo A (Formulario 1040) Ajustes a la base. Military tax return calculator   Si tiene una pérdida por hecho fortuito o robo, tiene que restar de su base en la propiedad todo seguro u otro reembolso que reciba y toda otra pérdida deducible. Military tax return calculator Las cantidades que gaste en la restauración de su propiedad después de un hecho fortuito aumentan su base ajustada. Military tax return calculator Vea Base Ajustada en el capítulo 13 para más información. Military tax return calculator Pérdida neta de operación (NOL, por sus siglas en inglés). Military tax return calculator   Si su deducción por hechos fortuitos y robo hace que sus deducciones para el año sean mayores que su ingreso anual para el mismo año, es posible que tenga una pérdida neta de operación. Military tax return calculator Puede declarar una pérdida neta de operación para reducir sus impuestos de un año anterior, lo que le permite obtener un reembolso de impuestos que ya ha pagado. Military tax return calculator Otra posibilidad es usarla para reducir sus impuestos durante un año posterior. Military tax return calculator No necesita tener una empresa para tener una pérdida neta de operación debido a hechos fortuitos o robo. Military tax return calculator Para más información, vea la Publicación 536, Net Operating Losses (NOLs) for Individuals, Estates, and Trusts (Pérdidas netas de operación (NOL) para personas físicas, caudales hereditarios y fideicomisos), en inglés. Military tax return calculator Prev  Up  Next   Home   More Online Publications
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The Military Tax Return Calculator

Military tax return calculator Publication 575 - Main Content Table of Contents General InformationPension. Military tax return calculator Annuity. Military tax return calculator Qualified employee plan. Military tax return calculator Qualified employee annuity. Military tax return calculator Designated Roth account. Military tax return calculator Tax-sheltered annuity plan. Military tax return calculator Fixed-period annuities. Military tax return calculator Annuities for a single life. Military tax return calculator Joint and survivor annuities. Military tax return calculator Variable annuities. Military tax return calculator Disability pensions. Military tax return calculator Variable Annuities Section 457 Deferred Compensation Plans Disability Pensions Insurance Premiums for Retired Public Safety Officers Railroad Retirement Benefits Withholding Tax and Estimated Tax Cost (Investment in the Contract)Foreign employment contributions while a nonresident alien. Military tax return calculator Taxation of Periodic PaymentsPeriod of participation. Military tax return calculator Fully Taxable Payments Partly Taxable Payments Taxation of Nonperiodic PaymentsFiguring the Taxable Amount Loans Treated as Distributions Transfers of Annuity Contracts Lump-Sum Distributions RolloversExceptions. Military tax return calculator No tax withheld. Military tax return calculator Partial rollovers. Military tax return calculator Frozen deposits. Military tax return calculator Reasonable period of time. Military tax return calculator 20% Mandatory withholding. Military tax return calculator How to report. Military tax return calculator How to report. Military tax return calculator Special rule for Roth IRAs and designated Roth accounts. Military tax return calculator Special Additional TaxesTax on Early Distributions Tax on Excess Accumulation Survivors and BeneficiariesGuaranteed payments. Military tax return calculator How To Get Tax HelpLow Income Taxpayer Clinics General Information Definitions. Military tax return calculator   Some of the terms used in this publication are defined in the following paragraphs. Military tax return calculator Pension. Military tax return calculator   A pension is generally a series of definitely determinable payments made to you after you retire from work. Military tax return calculator Pension payments are made regularly and are based on such factors as years of service and prior compensation. Military tax return calculator Annuity. Military tax return calculator   An annuity is a series of payments under a contract made at regular intervals over a period of more than one full year. Military tax return calculator They can be either fixed (under which you receive a definite amount) or variable (not fixed). Military tax return calculator You can buy the contract alone or with the help of your employer. Military tax return calculator Qualified employee plan. Military tax return calculator   A qualified employee plan is an employer's stock bonus, pension, or profit-sharing plan that is for the exclusive benefit of employees or their beneficiaries and that meets Internal Revenue Code requirements. Military tax return calculator It qualifies for special tax benefits, such as tax deferral for employer contributions and capital gain treatment or the 10-year tax option for lump-sum distributions (if participants qualify). Military tax return calculator To determine whether your plan is a qualified plan, check with your employer or the plan administrator. Military tax return calculator Qualified employee annuity. Military tax return calculator   A qualified employee annuity is a retirement annuity purchased by an employer for an employee under a plan that meets Internal Revenue Code requirements. Military tax return calculator Designated Roth account. Military tax return calculator   A designated Roth account is a separate account created under a qualified Roth contribution program to which participants may elect to have part or all of their elective deferrals to a 401(k), 403(b), or 457(b) plan designated as Roth contributions. Military tax return calculator Elective deferrals that are designated as Roth contributions are included in your income. Military tax return calculator However, qualified distributions (explained later) are not included in your income. Military tax return calculator You should check with your plan administrator to determine if your plan will accept designated Roth contributions. Military tax return calculator Tax-sheltered annuity plan. Military tax return calculator   A tax-sheltered annuity plan (often referred to as a 403(b) plan or a tax-deferred annuity plan) is a retirement plan for employees of public schools and certain tax-exempt organizations. Military tax return calculator Generally, a tax-sheltered annuity plan provides retirement benefits by purchasing annuity contracts for its participants. Military tax return calculator Types of pensions and annuities. Military tax return calculator   Pensions and annuities include the following types. Military tax return calculator Fixed-period annuities. Military tax return calculator   You receive definite amounts at regular intervals for a specified length of time. Military tax return calculator Annuities for a single life. Military tax return calculator   You receive definite amounts at regular intervals for life. Military tax return calculator The payments end at death. Military tax return calculator Joint and survivor annuities. Military tax return calculator   The first annuitant receives a definite amount at regular intervals for life. Military tax return calculator After he or she dies, a second annuitant receives a definite amount at regular intervals for life. Military tax return calculator The amount paid to the second annuitant may or may not differ from the amount paid to the first annuitant. Military tax return calculator Variable annuities. Military tax return calculator   You receive payments that may vary in amount for a specified length of time or for life. Military tax return calculator The amounts you receive may depend upon such variables as profits earned by the pension or annuity funds, cost-of-living indexes, or earnings from a mutual fund. Military tax return calculator Disability pensions. Military tax return calculator   You receive disability payments because you retired on disability and have not reached minimum retirement age. Military tax return calculator More than one program. Military tax return calculator   You may receive employee plan benefits from more than one program under a single trust or plan of your employer. Military tax return calculator If you participate in more than one program, you may have to treat each as a separate pension or annuity contract, depending upon the facts in each case. Military tax return calculator Also, you may be considered to have received more than one pension or annuity. Military tax return calculator Your former employer or the plan administrator should be able to tell you if you have more than one contract. Military tax return calculator Example. Military tax return calculator Your employer set up a noncontributory profit-sharing plan for its employees. Military tax return calculator The plan provides that the amount held in the account of each participant will be paid when that participant retires. Military tax return calculator Your employer also set up a contributory defined benefit pension plan for its employees providing for the payment of a lifetime pension to each participant after retirement. Military tax return calculator The amount of any distribution from the profit-sharing plan depends on the contributions (including allocated forfeitures) made for the participant and the earnings from those contributions. Military tax return calculator Under the pension plan, however, a formula determines the amount of the pension benefits. Military tax return calculator The amount of contributions is the amount necessary to provide that pension. Military tax return calculator Each plan is a separate program and a separate contract. Military tax return calculator If you get benefits from these plans, you must account for each separately, even though the benefits from both may be included in the same check. Military tax return calculator Distributions from a designated Roth account are treated separately from other distributions from the plan. Military tax return calculator Qualified domestic relations order (QDRO). Military tax return calculator   A QDRO is a judgment, decree, or order relating to payment of child support, alimony, or marital property rights to a spouse, former spouse, child, or other dependent of a participant in a retirement plan. Military tax return calculator The QDRO must contain certain specific information, such as the name and last known mailing address of the participant and each alternate payee, and the amount or percentage of the participant's benefits to be paid to each alternate payee. Military tax return calculator A QDRO may not award an amount or form of benefit that is not available under the plan. Military tax return calculator   A spouse or former spouse who receives part of the benefits from a retirement plan under a QDRO reports the payments received as if he or she were a plan participant. Military tax return calculator The spouse or former spouse is allocated a share of the participant's cost (investment in the contract) equal to the cost times a fraction. Military tax return calculator The numerator of the fraction is the present value of the benefits payable to the spouse or former spouse. Military tax return calculator The denominator is the present value of all benefits payable to the participant. Military tax return calculator   A distribution that is paid to a child or other dependent under a QDRO is taxed to the plan participant. Military tax return calculator Variable Annuities The tax rules in this publication apply both to annuities that provide fixed payments and to annuities that provide payments that vary in amount based on investment results or other factors. Military tax return calculator For example, they apply to commercial variable annuity contracts, whether bought by an employee retirement plan for its participants or bought directly from the issuer by an individual investor. Military tax return calculator Under these contracts, the owner can generally allocate the purchase payments among several types of investment portfolios or mutual funds and the contract value is determined by the performance of those investments. Military tax return calculator The earnings are not taxed until distributed either in a withdrawal or in annuity payments. Military tax return calculator The taxable part of a distribution is treated as ordinary income. Military tax return calculator Net investment income tax. Military tax return calculator   Beginning in 2013, annuities under a nonqualified plan are included in calculating your net investment income for the net investment income tax (NIIT). Military tax return calculator For information see the Instructions for Form 8960, Net Investment Income Tax — Individuals, Estates and Trusts. Military tax return calculator For information on the tax treatment of a transfer or exchange of a variable annuity contract, see Transfers of Annuity Contracts under Taxation of Nonperiodic Payments, later. Military tax return calculator Withdrawals. Military tax return calculator   If you withdraw funds before your annuity starting date and your annuity is under a qualified retirement plan, a ratable part of the amount withdrawn is tax free. Military tax return calculator The tax-free part is based on the ratio of your cost (investment in the contract) to your account balance under the plan. Military tax return calculator   If your annuity is under a nonqualified plan (including a contract you bought directly from the issuer), the amount withdrawn is allocated first to earnings (the taxable part) and then to your cost (the tax-free part). Military tax return calculator However, if you bought your annuity contract before August 14, 1982, a different allocation applies to the investment before that date and the earnings on that investment. Military tax return calculator To the extent the amount withdrawn does not exceed that investment and earnings, it is allocated first to your cost (the tax-free part) and then to earnings (the taxable part). Military tax return calculator   If you withdraw funds (other than as an annuity) on or after your annuity starting date, the entire amount withdrawn is generally taxable. Military tax return calculator   The amount you receive in a full surrender of your annuity contract at any time is tax free to the extent of any cost that you have not previously recovered tax free. Military tax return calculator The rest is taxable. Military tax return calculator   For more information on the tax treatment of withdrawals, see Taxation of Nonperiodic Payments , later. Military tax return calculator If you withdraw funds from your annuity before you reach age 59½, also see Tax on Early Distributions under Special Additional Taxes, later. Military tax return calculator Annuity payments. Military tax return calculator   If you receive annuity payments under a variable annuity plan or contract, you recover your cost tax free under either the Simplified Method or the General Rule, as explained under Taxation of Periodic Payments , later. Military tax return calculator For a variable annuity paid under a qualified plan, you generally must use the Simplified Method. Military tax return calculator For a variable annuity paid under a nonqualified plan (including a contract you bought directly from the issuer), you must use a special computation under the General Rule. Military tax return calculator For more information, see Variable annuities in Publication 939 under Computation Under the General Rule. Military tax return calculator Death benefits. Military tax return calculator    If you receive a single-sum distribution from a variable annuity contract because of the death of the owner or annuitant, the distribution is generally taxable only to the extent it is more than the unrecovered cost of the contract. Military tax return calculator If you choose to receive an annuity, the payments are subject to tax as described above. Military tax return calculator If the contract provides a joint and survivor annuity and the primary annuitant had received annuity payments before death, you figure the tax-free part of annuity payments you receive as the survivor in the same way the primary annuitant did. Military tax return calculator See Survivors and Beneficiaries , later. Military tax return calculator Section 457 Deferred Compensation Plans If you work for a state or local government or for a tax-exempt organization, you may be able to participate in a section 457 deferred compensation plan. Military tax return calculator If your plan is an eligible plan, you are not taxed currently on pay that is deferred under the plan or on any earnings from the plan's investment of the deferred pay. Military tax return calculator You are generally taxed on amounts deferred in an eligible state or local government plan only when they are distributed from the plan. Military tax return calculator You are taxed on amounts deferred in an eligible tax-exempt organization plan when they are distributed or otherwise made available to you. Military tax return calculator Your 457(b) plan may have a designated Roth account option. Military tax return calculator If so, you may be able to roll over amounts to the designated Roth account or make contributions. Military tax return calculator Elective deferrals to a designated Roth account are included in your income. Military tax return calculator Qualified distributions (explained later) are not included in your income. Military tax return calculator See the Designated Roth accounts discussion under Taxation of Periodic Payments, later. Military tax return calculator This publication covers the tax treatment of benefits under eligible section 457 plans, but it does not cover the treatment of deferrals. Military tax return calculator For information on deferrals under section 457 plans, see Retirement Plan Contributions under Employee Compensation in Publication 525. Military tax return calculator Is your plan eligible?   To find out if your plan is an eligible plan, check with your employer. Military tax return calculator Plans that are not eligible section 457 plans include the following: Bona fide vacation leave, sick leave, compensatory time, severance pay, disability pay, or death benefit plans. Military tax return calculator Nonelective deferred compensation plans for nonemployees (independent contractors). Military tax return calculator Deferred compensation plans maintained by churches. Military tax return calculator Length of service award plans for bona fide volunteer firefighters and emergency medical personnel. Military tax return calculator An exception applies if the total amount paid to a volunteer exceeds $3,000 for any year of service. Military tax return calculator Disability Pensions If you retired on disability, you generally must include in income any disability pension you receive under a plan that is paid for by your employer. Military tax return calculator You must report your taxable disability payments as wages on line 7 of Form 1040 or Form 1040A or on line 8 of Form 1040NR until you reach minimum retirement age. Military tax return calculator Minimum retirement age generally is the age at which you can first receive a pension or annuity if you are not disabled. Military tax return calculator You may be entitled to a tax credit if you were permanently and totally disabled when you retired. Military tax return calculator For information on this credit, see Publication 524. Military tax return calculator Beginning on the day after you reach minimum retirement age, payments you receive are taxable as a pension or annuity. Military tax return calculator Report the payments on Form 1040, lines 16a and 16b; Form 1040A, lines 12a and 12b; or on Form 1040NR, lines 17a and 17b. Military tax return calculator Disability payments for injuries incurred as a direct result of a terrorist attack directed against the United States (or its allies) are not included in income. Military tax return calculator For more information about payments to survivors of terrorist attacks, see Publication 3920, Tax Relief for Victims of Terrorist Attacks. Military tax return calculator Insurance Premiums for Retired Public Safety Officers If you are an eligible retired public safety officer (law enforcement officer, firefighter, chaplain, or member of a rescue squad or ambulance crew), you can elect to exclude from income distributions made from your eligible retirement plan that are used to pay the premiums for accident or health insurance or long-term care insurance. Military tax return calculator The premiums can be for coverage for you, your spouse, or dependents. Military tax return calculator The distribution must be made directly from the plan to the insurance provider. Military tax return calculator You can exclude from income the smaller of the amount of the insurance premiums or $3,000. Military tax return calculator You can only make this election for amounts that would otherwise be included in your income. Military tax return calculator The amount excluded from your income cannot be used to claim a medical expense deduction. Military tax return calculator An eligible retirement plan is a governmental plan that is: a qualified trust, a section 403(a) plan, a section 403(b) annuity, or a section 457(b) plan. Military tax return calculator If you make this election, reduce the otherwise taxable amount of your pension or annuity by the amount excluded. Military tax return calculator The amount shown in box 2a of Form 1099-R does not reflect this exclusion. Military tax return calculator Report your total distributions on Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a. Military tax return calculator Report the taxable amount on Form 1040, line 16b; Form 1040A, line 12b; or Form 1040NR, line 17b. Military tax return calculator Enter “PSO” next to the appropriate line on which you report the taxable amount. Military tax return calculator If you are retired on disability and reporting your disability pension on line 7 of Form 1040 or Form 1040A, or line 8 of Form 1040NR, include only the taxable amount on that line and enter “PSO” and the amount excluded on the dotted line next to the applicable line. Military tax return calculator Railroad Retirement Benefits Benefits paid under the Railroad Retirement Act fall into two categories. Military tax return calculator These categories are treated differently for income tax purposes. Military tax return calculator The first category is the amount of tier 1 railroad retirement benefits that equals the social security benefit that a railroad employee or beneficiary would have been entitled to receive under the social security system. Military tax return calculator This part of the tier 1 benefit is the social security equivalent benefit (SSEB) and you treat it for tax purposes like social security benefits. Military tax return calculator If you received, repaid, or had tax withheld from the SSEB portion of tier 1 benefits during 2013, you will receive Form RRB-1099, Payments by the Railroad Retirement Board (or Form RRB-1042S, Statement for Nonresident Alien Recipients of Payments by the Railroad Retirement Board, if you are a nonresident alien) from the U. Military tax return calculator S. Military tax return calculator Railroad Retirement Board (RRB). Military tax return calculator For more information about the tax treatment of the SSEB portion of tier 1 benefits and Forms RRB-1099 and RRB-1042S, see Publication 915. Military tax return calculator The second category contains the rest of the tier 1 railroad retirement benefits, called the non-social security equivalent benefit (NSSEB). Military tax return calculator It also contains any tier 2 benefit, vested dual benefit (VDB), and supplemental annuity benefit. Military tax return calculator Treat this category of benefits, shown on Form RRB-1099-R, as an amount received from a qualified employee plan. Military tax return calculator This allows for the tax-free (nontaxable) recovery of employee contributions from the tier 2 benefits and the NSSEB part of the tier 1 benefits. Military tax return calculator (The NSSEB and tier 2 benefits, less certain repayments, are combined into one amount called the Contributory Amount Paid on Form RRB-1099-R. Military tax return calculator ) Vested dual benefits and supplemental annuity benefits are non-contributory pensions and are fully taxable. Military tax return calculator See Taxation of Periodic Payments , later, for information on how to report your benefits and how to recover the employee contributions tax free. Military tax return calculator Form RRB-1099-R is used for U. Military tax return calculator S. Military tax return calculator citizens, resident aliens, and nonresident aliens. Military tax return calculator Nonresident aliens. Military tax return calculator   A nonresident alien is an individual who is not a citizen or a resident alien of the United States. Military tax return calculator Nonresident aliens are subject to mandatory U. Military tax return calculator S. Military tax return calculator tax withholding unless exempt under a tax treaty between the United States and their country of legal residency. Military tax return calculator A tax treaty exemption may reduce or eliminate tax withholding from railroad retirement benefits. Military tax return calculator See Tax withholding next for more information. Military tax return calculator   If you are a nonresident alien and your tax withholding rate changed or your country of legal residence changed during the year, you may receive more than one Form RRB-1042S or Form RRB-1099-R. Military tax return calculator To determine your total benefits paid or repaid and total tax withheld for the year, you should add the amounts shown on all forms you received for that year. Military tax return calculator For information on filing requirements for aliens, see Publication 519, U. Military tax return calculator S. Military tax return calculator Tax Guide for Aliens. Military tax return calculator For information on tax treaties between the United States and other countries that may reduce or eliminate U. Military tax return calculator S. Military tax return calculator tax on your benefits, see Publication 901, U. Military tax return calculator S. Military tax return calculator Tax Treaties. Military tax return calculator Tax withholding. Military tax return calculator   To request or change your income tax withholding from SSEB payments, U. Military tax return calculator S. Military tax return calculator citizens should contact the IRS for Form W-4V, Voluntary Withholding Request, and file it with the RRB. Military tax return calculator To elect, revoke, or change your income tax withholding from NSSEB, tier 2, VDB, and supplemental annuity payments received, use Form RRB W-4P, Withholding Certificate for Railroad Retirement Payments. Military tax return calculator If you are a nonresident alien or a U. Military tax return calculator S. Military tax return calculator citizen living abroad, you should provide Form RRB-1001, Nonresident Questionnaire, to the RRB to furnish citizenship and residency information and to claim any treaty exemption from U. Military tax return calculator S. Military tax return calculator tax withholding. Military tax return calculator Nonresident U. Military tax return calculator S. Military tax return calculator citizens cannot elect to be exempt from withholding on payments delivered outside of the U. Military tax return calculator S. Military tax return calculator Help from the RRB. Military tax return calculator   To request an RRB form or to get help with questions about an RRB benefit, you should contact your nearest RRB field office if you reside in the United States (call 1-877-772-5772 for the nearest field office) or U. Military tax return calculator S. Military tax return calculator consulate/Embassy if you reside outside the United States. Military tax return calculator You can visit the RRB on the Internet at www. Military tax return calculator rrb. Military tax return calculator gov. Military tax return calculator Form RRB-1099-R. Military tax return calculator   The following discussion explains the items shown on Form RRB-1099-R. Military tax return calculator The amounts shown on this form are before any deduction for: Federal income tax withholding, Medicare premiums, Legal process garnishment payments, Recovery of a prior year overpayment of an NSSEB, tier 2 benefit, VDB, or supplemental annuity benefit, or Recovery of Railroad Unemployment Insurance Act benefits received while awaiting payment of your railroad retirement annuity. Military tax return calculator   The amounts shown on this form are after any offset for: Social Security benefits, Age reduction, Public Service pensions or public disability benefits, Dual railroad retirement entitlement under another RRB claim number, Work deductions, Legal process partition deductions, Actuarial adjustment, Annuity waiver, or Recovery of a current-year overpayment of NSSEB, tier 2, VDB, or supplemental annuity benefits. Military tax return calculator   The amounts shown on Form RRB-1099-R do not reflect any special rules, such as capital gain treatment or the special 10-year tax option for lump-sum payments, or tax-free rollovers. Military tax return calculator To determine if any of these rules apply to your benefits, see the discussions about them later. Military tax return calculator   Generally, amounts shown on your Form RRB-1099-R are considered a normal distribution. Military tax return calculator Use distribution code “7” if you are asked for a distribution code. Military tax return calculator Distribution codes are not shown on Form RRB-1099-R. Military tax return calculator   There are three copies of this form. Military tax return calculator Copy B is to be included with your income tax return if federal income tax is withheld. Military tax return calculator Copy C is for your own records. Military tax return calculator Copy 2 is filed with your state, city, or local income tax return, when required. Military tax return calculator See the illustrated Copy B (Form RRB-1099-R) above. Military tax return calculator       Each beneficiary will receive his or her own Form RRB-1099-R. Military tax return calculator If you receive benefits on more than one railroad retirement record, you may get more than one Form RRB-1099-R. Military tax return calculator So that you get your form timely, make sure the RRB always has your current mailing address. Military tax return calculator Please click here for the text description of the image. Military tax return calculator Form RRB-1099-R Box 1—Claim Number and Payee Code. Military tax return calculator   Your claim number is a six- or nine-digit number preceded by an alphabetical prefix. Military tax return calculator This is the number under which the RRB paid your benefits. Military tax return calculator Your payee code follows your claim number and is the last number in this box. Military tax return calculator It is used by the RRB to identify you under your claim number. Military tax return calculator In all your correspondence with the RRB, be sure to use the claim number and payee code shown in this box. Military tax return calculator Box 2—Recipient's Identification Number. Military tax return calculator   This is the recipient's U. Military tax return calculator S. Military tax return calculator taxpayer identification number. Military tax return calculator It is the social security number (SSN), individual taxpayer identification number (ITIN), or employer identification number (EIN), if known, for the person or estate listed as the recipient. Military tax return calculator If you are a resident or nonresident alien who must furnish a taxpayer identification number to the IRS and are not eligible to obtain an SSN, use Form W-7, Application for IRS Individual Taxpayer Identification Number, to apply for an ITIN. Military tax return calculator The Instructions for Form W-7 explain how and when to apply. Military tax return calculator Box 3—Employee Contributions. Military tax return calculator   This is the amount of taxes withheld from the railroad employee's earnings that exceeds the amount of taxes that would have been withheld had the earnings been covered under the social security system. Military tax return calculator This amount is the employee's cost that you use to figure the tax-free part of the NSSEB and tier 2 benefit you received (the amount shown in box 4). Military tax return calculator (For information on how to figure the tax-free part, see Partly Taxable Payments under Taxation of Periodic Payments, later. Military tax return calculator ) The amount shown is the total employee contribution amount, not reduced by any amounts that the RRB calculated as previously recovered. Military tax return calculator It is the latest amount reported for 2013 and may have increased or decreased from a previous Form RRB-1099-R. Military tax return calculator If this amount has changed, the change is retroactive. Military tax return calculator You may need to refigure the tax-free part of your NSSEB/tier 2 benefit for 2013 and prior tax years. Military tax return calculator If this box is blank, it means that the amount of your NSSEB and tier 2 payments shown in box 4 is fully taxable. Military tax return calculator    If you had a previous annuity entitlement that ended and you are figuring the tax-free part of your NSSEB/tier 2 benefit for your current annuity entitlement, you should contact the RRB for confirmation of your correct employee contribution amount. Military tax return calculator Box 4—Contributory Amount Paid. Military tax return calculator   This is the gross amount of the NSSEB and tier 2 benefit you received in 2013, less any 2013 benefits you repaid in 2013. Military tax return calculator (Any benefits you repaid in 2013 for an earlier year or for an unknown year are shown in box 8. Military tax return calculator ) This amount is the total contributory pension paid in 2013. Military tax return calculator It may be partly taxable and partly tax free or fully taxable. Military tax return calculator If you determine you are eligible to compute a tax-free part as explained later in Partly Taxable Payments under Taxation of Periodic Payments, use the latest reported employee contribution amount shown in box 3 as the cost. Military tax return calculator Box 5—Vested Dual Benefit. Military tax return calculator   This is the gross amount of vested dual benefit (VDB) payments paid in 2013, less any 2013 VDB payments you repaid in 2013. Military tax return calculator It is fully taxable. Military tax return calculator VDB payments you repaid in 2013 for an earlier year or for an unknown year are shown in box 8. Military tax return calculator Note. Military tax return calculator The amounts shown in boxes 4 and 5 may represent payments for 2013 and/or other years after 1983. Military tax return calculator Box 6—Supplemental Annuity. Military tax return calculator   This is the gross amount of supplemental annuity benefits paid in 2013, less any 2013 supplemental annuity benefits you repaid in 2013. Military tax return calculator It is fully taxable. Military tax return calculator Supplemental annuity benefits you repaid in 2013 for an earlier year or for an unknown year are shown in box 8. Military tax return calculator Box 7—Total Gross Paid. Military tax return calculator   This is the sum of boxes 4, 5, and 6. Military tax return calculator The amount represents the total pension paid in 2013. Military tax return calculator Include this amount on Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a. Military tax return calculator Box 8—Repayments. Military tax return calculator   This amount represents any NSSEB, tier 2 benefit, VDB, and supplemental annuity benefit you repaid to the RRB in 2013 for years before 2013 or for unknown years. Military tax return calculator The amount shown in this box has not been deducted from the amounts shown in boxes 4, 5, and 6. Military tax return calculator It only includes repayments of benefits that were taxable to you. Military tax return calculator This means it only includes repayments in 2013 of NSSEB benefits paid after 1985, tier 2 and VDB benefits paid after 1983, and supplemental annuity benefits paid in any year. Military tax return calculator If you included the benefits in your income in the year you received them, you may be able to deduct the repaid amount. Military tax return calculator For more information about repayments, see Repayment of benefits received in an earlier year , later. Military tax return calculator    You may have repaid an overpayment of benefits by returning a payment, by making a payment, or by having an amount withheld from your railroad retirement annuity payment. Military tax return calculator Box 9—Federal Income Tax Withheld. Military tax return calculator   This is the total federal income tax withheld from your NSSEB, tier 2 benefit, VDB, and supplemental annuity benefit. Military tax return calculator Include this on your income tax return as tax withheld. Military tax return calculator If you are a nonresident alien and your tax withholding rate and/or country of legal residence changed during 2013, you will receive more than one Form RRB-1099-R for 2013. Military tax return calculator Determine the total amount of U. Military tax return calculator S. Military tax return calculator federal income tax withheld from your 2013 RRB NSSEB, tier 2, VDB, and supplemental annuity payments by adding the amounts in box 9 of all original 2013 Forms RRB-1099-R, or the latest corrected or duplicate Forms RRB-1099-R you receive. Military tax return calculator Box 10—Rate of Tax. Military tax return calculator   If you are taxed as a U. Military tax return calculator S. Military tax return calculator citizen or resident alien, this box does not apply to you. Military tax return calculator If you are a nonresident alien, an entry in this box indicates the rate at which tax was withheld on the NSSEB, tier 2, VDB, and supplemental annuity payments that were paid to you in 2013. Military tax return calculator If you are a nonresident alien whose tax was withheld at more than one rate during 2013, you will receive a separate Form RRB-1099-R for each rate change during 2013. Military tax return calculator Box 11—Country. Military tax return calculator   If you are taxed as a U. Military tax return calculator S. Military tax return calculator citizen or resident alien, this box does not apply to you. Military tax return calculator If you are a nonresident alien, an entry in this box indicates the country of which you were a resident for tax purposes at the time you received railroad retirement payments in 2013. Military tax return calculator If you are a nonresident alien who was a resident of more than one country during 2013, you will receive a separate Form RRB-1099-R for each country of residence during 2013. Military tax return calculator Box 12—Medicare Premium Total. Military tax return calculator   This is for information purposes only. Military tax return calculator The amount shown in this box represents the total amount of Part B Medicare premiums deducted from your railroad retirement annuity payments in 2013. Military tax return calculator Medicare premium refunds are not included in the Medicare total. Military tax return calculator The Medicare total is normally shown on Form RRB-1099 (if you are a citizen or resident alien of the United States) or Form RRB-1042S (if you are a nonresident alien). Military tax return calculator However, if Form RRB-1099 or Form RRB-1042S is not required for 2013, then this total will be shown on Form RRB-1099-R. Military tax return calculator If your Medicare premiums were deducted from your social security benefits, paid by a third party, refunded to you, and/or you paid the premiums by direct billing, your Medicare total will not be shown in this box. Military tax return calculator Repayment of benefits received in an earlier year. Military tax return calculator   If you had to repay any railroad retirement benefits that you had included in your income in an earlier year because at that time you thought you had an unrestricted right to it, you can deduct the amount you repaid in the year in which you repaid it. Military tax return calculator   If you repaid $3,000 or less in 2013, deduct it on Schedule A (Form 1040), line 23. Military tax return calculator The 2%-of-adjusted-gross-income limit applies to this deduction. Military tax return calculator You cannot take this deduction if you file Form 1040A. Military tax return calculator    If you repaid more than $3,000 in 2013, you can either take a deduction for the amount repaid on Schedule A (Form 1040), line 28 or you can take a credit against your tax. Military tax return calculator For more information, see Repayments in Publication 525. Military tax return calculator Withholding Tax and Estimated Tax Your retirement plan distributions are subject to federal income tax withholding. Military tax return calculator However, you can choose not to have tax withheld on payments you receive unless they are eligible rollover distributions. Military tax return calculator (These are distributions, described later under Rollovers, that are eligible for rollover treatment but are not paid directly to another qualified retirement plan or to a traditional IRA. Military tax return calculator ) If you choose not to have tax withheld or if you do not have enough tax withheld, you may have to make estimated tax payments. Military tax return calculator See Estimated tax , later. Military tax return calculator The withholding rules apply to the taxable part of payments you receive from: An employer pension, annuity, profit-sharing, or stock bonus plan, Any other deferred compensation plan, A traditional individual retirement arrangement (IRA), or A commercial annuity. Military tax return calculator For this purpose, a commercial annuity means an annuity, endowment, or life insurance contract issued by an insurance company. Military tax return calculator There will be no withholding on any part of a distribution where it is reasonable to believe that it will not be includible in gross income. Military tax return calculator Choosing no withholding. Military tax return calculator   You can choose not to have income tax withheld from retirement plan payments unless they are eligible rollover distributions. Military tax return calculator You can make this choice on Form W-4P for periodic and nonperiodic payments. Military tax return calculator This choice generally remains in effect until you revoke it. Military tax return calculator   The payer will ignore your choice not to have tax withheld if: You do not give the payer your social security number (in the required manner), or The IRS notifies the payer, before the payment is made, that you gave an incorrect social security number. Military tax return calculator   To choose not to have tax withheld, a U. Military tax return calculator S. Military tax return calculator citizen or resident alien must give the payer a home address in the United States or its possessions. Military tax return calculator Without that address, the payer must withhold tax. Military tax return calculator For example, the payer has to withhold tax if the recipient has provided a U. Military tax return calculator S. Military tax return calculator address for a nominee, trustee, or agent to whom the benefits are delivered, but has not provided his or her own U. Military tax return calculator S. Military tax return calculator home address. Military tax return calculator   If you do not give the payer a home address in the United States or its possessions, you can choose not to have tax withheld only if you certify to the payer that you are not a U. Military tax return calculator S. Military tax return calculator citizen, a U. Military tax return calculator S. Military tax return calculator resident alien, or someone who left the country to avoid tax. Military tax return calculator But if you so certify, you may be subject to the 30% flat rate withholding that applies to nonresident aliens. Military tax return calculator This 30% rate will not apply if you are exempt or subject to a reduced rate by treaty. Military tax return calculator For details, get Publication 519. Military tax return calculator Periodic payments. Military tax return calculator   Unless you choose no withholding, your annuity or similar periodic payments (other than eligible rollover distributions) will be treated like wages for withholding purposes. Military tax return calculator Periodic payments are amounts paid at regular intervals (such as weekly, monthly, or yearly) for a period of time greater than one year (such as for 15 years or for life). Military tax return calculator You should give the payer a completed withholding certificate (Form W-4P or a similar form provided by the payer). Military tax return calculator If you do not, tax will be withheld as if you were married and claiming three withholding allowances. Military tax return calculator   Tax will be withheld as if you were single and were claiming no withholding allowances if: You do not give the payer your social security number (in the required manner), or The IRS notifies the payer (before any payment is made) that you gave an incorrect social security number. Military tax return calculator   You must file a new withholding certificate to change the amount of withholding. Military tax return calculator Nonperiodic distributions. Military tax return calculator    Unless you choose no withholding, the withholding rate for a nonperiodic distribution (a payment other than a periodic payment) that is not an eligible rollover distribution is 10% of the distribution. Military tax return calculator You can also ask the payer to withhold an additional amount using Form W-4P. Military tax return calculator The part of any loan treated as a distribution (except an offset amount to repay the loan), explained later, is subject to withholding under this rule. Military tax return calculator Eligible rollover distribution. Military tax return calculator    If you receive an eligible rollover distribution, 20% of it generally will be withheld for income tax. Military tax return calculator You cannot choose not to have tax withheld from an eligible rollover distribution. Military tax return calculator However, tax will not be withheld if you have the plan administrator pay the eligible rollover distribution directly to another qualified plan or an IRA in a direct rollover. Military tax return calculator For more information about eligible rollover distributions, see Rollovers , later. Military tax return calculator Estimated tax. Military tax return calculator   Your estimated tax is the total of your expected income tax, self-employment tax, and certain other taxes for the year, minus your expected credits and withheld tax. Military tax return calculator Generally, you must make estimated tax payments for 2014 if you expect to owe at least $1,000 in tax (after subtracting your withholding and credits) and you expect your withholding and credits to be less than the smaller of: 90% of the tax to be shown on your 2014 return, or 100% of the tax shown on your 2013 return. Military tax return calculator If your adjusted gross income for 2013 was more than $150,000 ($75,000 if your filing status for 2014 is married filing separately), substitute 110% for 100% in (2) above. Military tax return calculator For more information, get Publication 505, Tax Withholding and Estimated Tax. Military tax return calculator In figuring your withholding or estimated tax, remember that a part of your monthly social security or equivalent tier 1 railroad retirement benefits may be taxable. Military tax return calculator See Publication 915. Military tax return calculator You can choose to have income tax withheld from those benefits. Military tax return calculator Use Form W-4V to make this choice. Military tax return calculator Cost (Investment in the Contract) Distributions from your pension or annuity plan may include amounts treated as a recovery of your cost (investment in the contract). Military tax return calculator If any part of a distribution is treated as a recovery of your cost under the rules explained in this publication, that part is tax free. Military tax return calculator Therefore, the first step in figuring how much of a distribution is taxable is to determine the cost of your pension or annuity. Military tax return calculator In general, your cost is your net investment in the contract as of the annuity starting date (or the date of the distribution, if earlier). Military tax return calculator To find this amount, you must first figure the total premiums, contributions, or other amounts you paid. Military tax return calculator This includes the amounts your employer contributed that were taxable to you when paid. Military tax return calculator (However, see Foreign employment contributions , later. Military tax return calculator ) It does not include amounts withheld from your pay on a tax-deferred basis (money that was taken out of your gross pay before taxes were deducted). Military tax return calculator It also does not include amounts you contributed for health and accident benefits (including any additional premiums paid for double indemnity or disability benefits). Military tax return calculator From this total cost you must subtract the following amounts. Military tax return calculator Any refunded premiums, rebates, dividends, or unrepaid loans that were not included in your income and that you received by the later of the annuity starting date or the date on which you received your first payment. Military tax return calculator Any other tax-free amounts you received under the contract or plan by the later of the dates in (1). Military tax return calculator If you must use the Simplified Method for your annuity payments, the tax-free part of any single-sum payment received in connection with the start of the annuity payments, regardless of when you received it. Military tax return calculator (See Simplified Method , later, for information on its required use. Military tax return calculator ) If you use the General Rule for your annuity payments, the value of the refund feature in your annuity contract. Military tax return calculator (See General Rule , later, for information on its use. Military tax return calculator ) Your annuity contract has a refund feature if the annuity payments are for your life (or the lives of you and your survivor) and payments in the nature of a refund of the annuity's cost will be made to your beneficiary or estate if all annuitants die before a stated amount or a stated number of payments are made. Military tax return calculator For more information, see Publication 939. Military tax return calculator The tax treatment of the items described in (1) through (3) is discussed later under Taxation of Nonperiodic Payments . Military tax return calculator Form 1099-R. Military tax return calculator If you began receiving periodic payments of a life annuity in 2013, the payer should show your total contributions to the plan in box 9b of your 2013 Form 1099-R. Military tax return calculator Annuity starting date defined. Military tax return calculator   Your annuity starting date is the later of the first day of the first period for which you received a payment or the date the plan's obligations became fixed. Military tax return calculator Example. Military tax return calculator On January 1, you completed all your payments required under an annuity contract providing for monthly payments starting on August 1 for the period beginning July 1. Military tax return calculator The annuity starting date is July 1. Military tax return calculator This is the date you use in figuring the cost of the contract and selecting the appropriate number from Table 1 for line 3 of the Simplified Method Worksheet. Military tax return calculator Designated Roth accounts. Military tax return calculator   Your cost in these accounts is your designated Roth contributions that were included in your income as wages subject to applicable withholding requirements. Military tax return calculator Your cost will also include any in-plan Roth rollovers you included in income. Military tax return calculator Foreign employment contributions. Military tax return calculator   If you worked abroad, your cost may include contributions by your employer to the retirement plan, but only if those contributions would be excludible from your gross income had they been paid directly to you as compensation. Military tax return calculator The contributions that apply are: Contributions before 1963 by your employer, Contributions after 1962 by your employer if the contributions would be excludible from your gross income (not including the foreign earned income exclusion) had they been paid directly to you, or Contributions after 1996 by your employer if you performed the services of a foreign missionary (a duly ordained, commissioned, or licensed minister of a church or a lay person) but only if the contributions would be excludible from your gross income had they been paid directly to you. Military tax return calculator Foreign employment contributions while a nonresident alien. Military tax return calculator   In determining your cost, special rules apply if you are a U. Military tax return calculator S. Military tax return calculator citizen or resident alien who received distributions in 2013 from a plan to which contributions were made while you were a nonresident alien. Military tax return calculator Your contributions and your employer's contributions are not included in your cost if the contribution: Was made based on compensation which was for services performed outside the United States while you were a nonresident alien, and Was not subject to income tax under the laws of the United States or any foreign country, but only if the contribution would have been subject to income tax if paid as cash compensation when the services were performed. Military tax return calculator Taxation of Periodic Payments This section explains how the periodic payments you receive from a pension or annuity plan are taxed. Military tax return calculator Periodic payments are amounts paid at regular intervals (such as weekly, monthly, or yearly) for a period of time greater than one year (such as for 15 years or for life). Military tax return calculator These payments are also known as amounts received as an annuity. Military tax return calculator If you receive an amount from your plan that is not a periodic payment, see Taxation of Nonperiodic Payments , later. Military tax return calculator In general, you can recover the cost of your pension or annuity tax free over the period you are to receive the payments. Military tax return calculator The amount of each payment that is more than the part that represents your cost is taxable (however, see Insurance Premiums for Retired Public Safety Officers , earlier). Military tax return calculator Designated Roth accounts. Military tax return calculator   If you receive a qualified distribution from a designated Roth account, the distribution is not included in your gross income. Military tax return calculator This applies to both your cost in the account and income earned on that account. Military tax return calculator A qualified distribution is generally a distribution that is: Made after a 5-tax-year period of participation, and Made on or after the date you reach age 59½, made to a beneficiary or your estate on or after your death, or attributable to your being disabled. Military tax return calculator   If the distribution is not a qualified distribution, the rules discussed in this section apply. Military tax return calculator The designated Roth account is treated as a separate contract. Military tax return calculator Period of participation. Military tax return calculator   The 5-tax-year period of participation is the 5-tax-year period beginning with the first tax year for which the participant made a designated Roth contribution to the plan. Military tax return calculator Therefore, for designated Roth contributions made for 2013, the first year for which a qualified distribution can be made is 2018. Military tax return calculator   However, if a direct rollover is made to the plan from a designated Roth account under another plan, the 5-tax-year period for the recipient plan begins with the first tax year for which the participant first had designated Roth contributions made to the other plan. Military tax return calculator   Your 401(k), 403(b), or 457(b) plan may permit you to roll over amounts from those plans to a designated Roth account within the same plan. Military tax return calculator This is known as an in-plan Roth rollover. Military tax return calculator For more details, see In-plan Roth rollovers , later. Military tax return calculator Fully Taxable Payments The pension or annuity payments that you receive are fully taxable if you have no cost in the contract because any of the following situations applies to you (however, see Insurance Premiums for Retired Public Safety Officers , earlier). Military tax return calculator You did not pay anything or are not considered to have paid anything for your pension or annuity. Military tax return calculator Amounts withheld from your pay on a tax-deferred basis are not considered part of the cost of the pension or annuity payment. Military tax return calculator Your employer did not withhold contributions from your salary. Military tax return calculator You got back all of your contributions tax free in prior years (however, see Exclusion not limited to cost under Partly Taxable Payments, later). Military tax return calculator Report the total amount you got on Form 1040, line 16b; Form 1040A, line 12b; or on Form 1040NR, line 17b. Military tax return calculator You should make no entry on Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a. Military tax return calculator Deductible voluntary employee contributions. Military tax return calculator   Distributions you receive that are based on your accumulated deductible voluntary employee contributions are generally fully taxable in the year distributed to you. Military tax return calculator Accumulated deductible voluntary employee contributions include net earnings on the contributions. Military tax return calculator If distributed as part of a lump sum, they do not qualify for the 10-year tax option or capital gain treatment, explained later. Military tax return calculator Partly Taxable Payments If you have a cost to recover from your pension or annuity plan (see Cost (Investment in the Contract) , earlier), you can exclude part of each annuity payment from income as a recovery of your cost. Military tax return calculator This tax-free part of the payment is figured when your annuity starts and remains the same each year, even if the amount of the payment changes. Military tax return calculator The rest of each payment is taxable (however, see Insurance Premiums for Retired Public Safety Officers , earlier). Military tax return calculator You figure the tax-free part of the payment using one of the following methods. Military tax return calculator Simplified Method. Military tax return calculator You generally must use this method if your annuity is paid under a qualified plan (a qualified employee plan, a qualified employee annuity, or a tax-sheltered annuity plan or contract). Military tax return calculator You cannot use this method if your annuity is paid under a nonqualified plan. Military tax return calculator General Rule. Military tax return calculator You must use this method if your annuity is paid under a nonqualified plan. Military tax return calculator You generally cannot use this method if your annuity is paid under a qualified plan. Military tax return calculator You determine which method to use when you first begin receiving your annuity, and you continue using it each year that you recover part of your cost. Military tax return calculator If you had more than one partly taxable pension or annuity, figure the tax-free part and the taxable part of each separately. Military tax return calculator Qualified plan annuity starting before November 19, 1996. Military tax return calculator   If your annuity is paid under a qualified plan and your annuity starting date (defined earlier under Cost (Investment in the Contract) ) is after July 1, 1986, and before November 19, 1996, you could have chosen to use either the Simplified Method or the General Rule. Military tax return calculator If your annuity starting date is before July 2, 1986, you use the General Rule unless your annuity qualified for the Three-Year Rule. Military tax return calculator If you used the Three-Year Rule (which was repealed for annuities starting after July 1, 1986), your annuity payments are generally now fully taxable. Military tax return calculator Exclusion limit. Military tax return calculator   Your annuity starting date determines the total amount of annuity payments that you can exclude from income over the years. Military tax return calculator Once your annuity starting date is determined, it does not change. Military tax return calculator If you calculate the taxable portion of your annuity payments using the simplified method worksheet, the annuity starting date determines the recovery period for your cost. Military tax return calculator That recovery period begins on your annuity starting date and is not affected by the date you first complete the worksheet. Military tax return calculator Exclusion limited to cost. Military tax return calculator   If your annuity starting date is after 1986, the total amount of annuity income that you can exclude over the years as a recovery of the cost cannot exceed your total cost. Military tax return calculator Any unrecovered cost at your (or the last annuitant's) death is allowed as a miscellaneous itemized deduction on the final return of the decedent. Military tax return calculator This deduction is not subject to the 2%-of-adjusted-gross-income limit. Military tax return calculator Example 1. Military tax return calculator Your annuity starting date is after 1986, and you exclude $100 a month ($1,200 a year) under the Simplified Method. Military tax return calculator The total cost of your annuity is $12,000. Military tax return calculator Your exclusion ends when you have recovered your cost tax free, that is, after 10 years (120 months). Military tax return calculator After that, your annuity payments are generally fully taxable. Military tax return calculator Example 2. Military tax return calculator The facts are the same as in Example 1, except you die (with no surviving annuitant) after the eighth year of retirement. Military tax return calculator You have recovered tax free only $9,600 (8 × $1,200) of your cost. Military tax return calculator An itemized deduction for your unrecovered cost of $2,400 ($12,000 – $9,600) can be taken on your final return. Military tax return calculator Exclusion not limited to cost. Military tax return calculator   If your annuity starting date is before 1987, you can continue to take your monthly exclusion for as long as you receive your annuity. Military tax return calculator If you chose a joint and survivor annuity, your survivor can continue to take the survivor's exclusion figured as of the annuity starting date. Military tax return calculator The total exclusion may be more than your cost. Military tax return calculator Simplified Method Under the Simplified Method, you figure the tax-free part of each annuity payment by dividing your cost by the total number of anticipated monthly payments. Military tax return calculator For an annuity that is payable for the lives of the annuitants, this number is based on the annuitants' ages on the annuity starting date and is determined from a table. Military tax return calculator For any other annuity, this number is the number of monthly annuity payments under the contract. Military tax return calculator Who must use the Simplified Method. Military tax return calculator   You must use the Simplified Method if your annuity starting date is after November 18, 1996, and you meet both of the following conditions. Military tax return calculator You receive your pension or annuity payments from any of the following plans. Military tax return calculator A qualified employee plan. Military tax return calculator A qualified employee annuity. Military tax return calculator A tax-sheltered annuity plan (403(b) plan). Military tax return calculator On your annuity starting date, at least one of the following conditions applies to you. Military tax return calculator You are under age 75. Military tax return calculator You are entitled to less than 5 years of guaranteed payments. Military tax return calculator Guaranteed payments. Military tax return calculator   Your annuity contract provides guaranteed payments if a minimum number of payments or a minimum amount (for example, the amount of your investment) is payable even if you and any survivor annuitant do not live to receive the minimum. Military tax return calculator If the minimum amount is less than the total amount of the payments you are to receive, barring death, during the first 5 years after payments begin (figured by ignoring any payment increases), you are entitled to less than 5 years of guaranteed payments. Military tax return calculator Annuity starting before November 19, 1996. Military tax return calculator   If your annuity starting date is after July 1, 1986, and before November 19, 1996, and you chose to use the Simplified Method, you must continue to use it each year that you recover part of your cost. Military tax return calculator You could have chosen to use the Simplified Method if your annuity is payable for your life (or the lives of you and your survivor annuitant) and you met both of the conditions listed earlier under Who must use the Simplified Method . Military tax return calculator Who cannot use the Simplified Method. Military tax return calculator   You cannot use the Simplified Method if you receive your pension or annuity from a nonqualified plan or otherwise do not meet the conditions described in the preceding discussion. Military tax return calculator See General Rule , later. Military tax return calculator How to use the Simplified Method. Military tax return calculator    Complete Worksheet A in the back of this publication to figure your taxable annuity for 2013. Military tax return calculator Be sure to keep the completed worksheet; it will help you figure your taxable annuity next year. Military tax return calculator   To complete line 3 of the worksheet, you must determine the total number of expected monthly payments for your annuity. Military tax return calculator How you do this depends on whether the annuity is for a single life, multiple lives, or a fixed period. Military tax return calculator For this purpose, treat an annuity that is payable over the life of an annuitant as payable for that annuitant's life even if the annuity has a fixed-period feature or also provides a temporary annuity payable to the annuitant's child under age 25. Military tax return calculator    You do not need to complete line 3 of the worksheet or make the computation on line 4 if you received annuity payments last year and used last year's worksheet to figure your taxable annuity. Military tax return calculator Instead, enter the amount from line 4 of last year's worksheet on line 4 of this year's worksheet. Military tax return calculator Single-life annuity. Military tax return calculator   If your annuity is payable for your life alone, use Table 1 at the bottom of the worksheet to determine the total number of expected monthly payments. Military tax return calculator Enter on line 3 the number shown for your age on your annuity starting date. Military tax return calculator This number will differ depending on whether your annuity starting date is before November 19, 1996, or after November 18, 1996. Military tax return calculator Multiple-lives annuity. Military tax return calculator   If your annuity is payable for the lives of more than one annuitant, use Table 2 at the bottom of the worksheet to determine the total number of expected monthly payments. Military tax return calculator Enter on line 3 the number shown for the annuitants' combined ages on the annuity starting date. Military tax return calculator For an annuity payable to you as the primary annuitant and to more than one survivor annuitant, combine your age and the age of the youngest survivor annuitant. Military tax return calculator For an annuity that has no primary annuitant and is payable to you and others as survivor annuitants, combine the ages of the oldest and youngest annuitants. Military tax return calculator Do not treat as a survivor annuitant anyone whose entitlement to payments depends on an event other than the primary annuitant's death. Military tax return calculator   However, if your annuity starting date is before 1998, do not use Table 2 and do not combine the annuitants' ages. Military tax return calculator Instead, you must use Table 1 at the bottom of the worksheet and enter on line 3 the number shown for the primary annuitant's age on the annuity starting date. Military tax return calculator This number will differ depending on whether your annuity starting date is before November 19, 1996, or after November 18, 1996. Military tax return calculator Fixed-period annuity. Military tax return calculator   If your annuity does not depend in whole or in part on anyone's life expectancy, the total number of expected monthly payments to enter on line 3 of the worksheet is the number of monthly annuity payments under the contract. Military tax return calculator Line 6. Military tax return calculator   The amount on line 6 should include all amounts that could have been recovered in prior years. Military tax return calculator If you did not recover an amount in a prior year, you may be able to amend your returns for the affected years. Military tax return calculator Example. Military tax return calculator Bill Smith, age 65, began receiving retirement benefits in 2013 under a joint and survivor annuity. Military tax return calculator Bill's annuity starting date is January 1, 2013. Military tax return calculator The benefits are to be paid for the joint lives of Bill and his wife, Kathy, age 65. Military tax return calculator Bill had contributed $31,000 to a qualified plan and had received no distributions before the annuity starting date. Military tax return calculator Bill is to receive a retirement benefit of $1,200 a month, and Kathy is to receive a monthly survivor benefit of $600 upon Bill's death. Military tax return calculator Bill must use the Simplified Method to figure his taxable annuity because his payments are from a qualified plan and he is under age 75. Military tax return calculator Because his annuity is payable over the lives of more than one annuitant, he uses his and Kathy's combined ages and Table 2 at the bottom of Worksheet A in completing line 3 of the worksheet. Military tax return calculator His completed worksheet is shown later. Military tax return calculator Bill's tax-free monthly amount is $100 ($31,000 ÷ 310) as shown on line 4 of the worksheet. Military tax return calculator Upon Bill's death, if Bill has not recovered the full $31,000 investment, Kathy will also exclude $100 from her $600 monthly payment. Military tax return calculator The full amount of any annuity payments received after 310 payments are paid must be included in gross income. Military tax return calculator If Bill and Kathy die before 310 payments are made, a miscellaneous itemized deduction will be allowed for the unrecovered cost on the final income tax return of the last to die. Military tax return calculator This deduction is not subject to the 2%-of-adjusted-gross-income limit. Military tax return calculator Worksheet A. Military tax return calculator Simplified Method Worksheet for Bill Smith 1. Military tax return calculator Enter the total pension or annuity payments received this year. Military tax return calculator Also, add this amount to the total for Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a 1. Military tax return calculator $14,400 2. Military tax return calculator Enter your cost in the plan (contract) at the annuity starting date plus any death benefit exclusion. Military tax return calculator * See Cost (Investment in the Contract) , earlier 2. Military tax return calculator 31,000   Note. Military tax return calculator If your annuity starting date was before this year and you completed this worksheet last year, skip line 3 and enter the amount from line 4 of last year's worksheet on line 4 below (even if the amount of your pension or annuity has changed). Military tax return calculator Otherwise, go to line 3. Military tax return calculator     3. Military tax return calculator Enter the appropriate number from Table 1 below. Military tax return calculator But if your annuity starting date was after 1997 and the payments are for your life and that of your beneficiary, enter the appropriate number from Table 2 below 3. Military tax return calculator 310 4. Military tax return calculator Divide line 2 by the number on line 3 4. Military tax return calculator 100 5. Military tax return calculator Multiply line 4 by the number of months for which this year's payments were made. Military tax return calculator If your annuity starting date was before 1987, enter this amount on line 8 below and skip lines 6, 7, 10, and 11. Military tax return calculator Otherwise, go to line 6 5. Military tax return calculator 1,200 6. Military tax return calculator Enter any amount previously recovered tax free in years after 1986. Military tax return calculator This is the amount shown on line 10 of your worksheet for last year 6. Military tax return calculator -0- 7. Military tax return calculator Subtract line 6 from line 2 7. Military tax return calculator 31,000 8. Military tax return calculator Enter the smaller of line 5 or line 7 8. Military tax return calculator 1,200 9. Military tax return calculator Taxable amount for year. Military tax return calculator Subtract line 8 from line 1. Military tax return calculator Enter the result, but not less than zero. Military tax return calculator Also, add this amount to the total for Form 1040, line 16b; Form 1040A, line 12b; or Form 1040NR, line 17b. Military tax return calculator Note: If your Form 1099-R shows a larger taxable amount, use the amount figured on this line instead. Military tax return calculator If you are a retired public safety officer, see Insurance Premiums for Retired Public Safety Officers , earlier, before entering an amount on your tax return 9. Military tax return calculator $13,200 10. Military tax return calculator Was your annuity starting date before 1987? □ Yes. Military tax return calculator STOP. Military tax return calculator Do not complete the rest of this worksheet. Military tax return calculator  ☑ No. Military tax return calculator Add lines 6 and 8. Military tax return calculator This is the amount you have recovered tax free through 2013. Military tax return calculator You will need this number if you need to fill out this worksheet next year 10. Military tax return calculator 1,200 11. Military tax return calculator Balance of cost to be recovered. Military tax return calculator Subtract line 10 from line 2. Military tax return calculator If zero, you will not have to complete this worksheet next year. Military tax return calculator The payments you receive next year will generally be fully taxable 11. Military tax return calculator $29,800         * A death benefit exclusion (up to $5,000) applied to certain benefits received by employees who died before August 21, 1996. Military tax return calculator           Table 1 for Line 3 Above       AND your annuity starting date was—     IF the age at annuity starting date was. Military tax return calculator . Military tax return calculator . Military tax return calculator BEFORE November 19, 1996, enter on line 3. Military tax return calculator . Military tax return calculator . Military tax return calculator AFTER November 18, 1996, enter on line 3. Military tax return calculator . Military tax return calculator . Military tax return calculator     55 or under 300 360     56-60 260 310     61-65 240 260     66-70 170 210     71 or older 120 160     Table 2 for Line 3 Above     IF the combined ages at  annuity starting date were. Military tax return calculator . Military tax return calculator . Military tax return calculator THEN enter on line 3. Military tax return calculator . Military tax return calculator . Military tax return calculator     110 or under   410     111-120   360     121-130   310     131-140   260     141 or older   210   Multiple annuitants. Military tax return calculator   If you and one or more other annuitants receive payments at the same time, you exclude from each annuity payment a pro rata share of the monthly tax-free amount. Military tax return calculator Figure your share by taking the following steps. Military tax return calculator Complete your worksheet through line 4 to figure the monthly tax-free amount. Military tax return calculator Divide the amount of your monthly payment by the total amount of the monthly payments to all annuitants. Military tax return calculator Multiply the amount on line 4 of your worksheet by the amount figured in (2) above. Military tax return calculator The result is your share of the monthly tax-free amount. Military tax return calculator   Replace the amount on line 4 of the worksheet with the result in (3) above. Military tax return calculator Enter that amount on line 4 of your worksheet each year. Military tax return calculator General Rule Under the General Rule, you determine the tax-free part of each annuity payment based on the ratio of the cost of the contract to the total expected return. Military tax return calculator Expected return is the total amount you and other eligible annuitants can expect to receive under the contract. Military tax return calculator To figure it, you must use life expectancy (actuarial) tables prescribed by the IRS. Military tax return calculator Who must use the General Rule. Military tax return calculator   You must use the General Rule if you receive pension or annuity payments from: A nonqualified plan (such as a private annuity, a purchased commercial annuity, or a nonqualified employee plan), or A qualified plan if you are age 75 or older on your annuity starting date and your annuity payments are guaranteed for at least 5 years. Military tax return calculator Annuity starting before November 19, 1996. Military tax return calculator   If your annuity starting date is after July 1, 1986, and before November 19, 1996, you had to use the General Rule for either circumstance just described. Military tax return calculator You also had to use it for any fixed-period annuity. Military tax return calculator If you did not have to use the General Rule, you could have chosen to use it. Military tax return calculator If your annuity starting date is before July 2, 1986, you had to use the General Rule unless you could use the Three-Year Rule. Military tax return calculator   If you had to use the General Rule (or chose to use it), you must continue to use it each year that you recover your cost. Military tax return calculator Who cannot use the General Rule. Military tax return calculator   You cannot use the General Rule if you receive your pension or annuity from a qualified plan and none of the circumstances described in the preceding discussions apply to you. Military tax return calculator See Simplified Method , earlier. Military tax return calculator More information. Military tax return calculator   For complete information on using the General Rule, including the actuarial tables you need, see Publication 939. Military tax return calculator Taxation of Nonperiodic Payments This section of the publication explains how any nonperiodic distributions you receive under a pension or annuity plan are taxed. Military tax return calculator Nonperiodic distributions are also known as amounts not received as an annuity. Military tax return calculator They include all payments other than periodic payments and corrective distributions. Military tax return calculator For example, the following items are treated as nonperiodic distributions. Military tax return calculator Cash withdrawals. Military tax return calculator Distributions of current earnings (dividends) on your investment. Military tax return calculator However, do not include these distributions in your income to the extent the insurer keeps them to pay premiums or other consideration for the contract. Military tax return calculator Certain loans. Military tax return calculator See Loans Treated as Distributions , later. Military tax return calculator The value of annuity contracts transferred without full and adequate consideration. Military tax return calculator See Transfers of Annuity Contracts , later. Military tax return calculator Corrective distributions of excess plan contributions. Military tax return calculator   Generally, if the contributions made for you during the year to certain retirement plans exceed certain limits, the excess is taxable to you. Military tax return calculator To correct an excess, your plan may distribute it to you (along with any income earned on the excess). Military tax return calculator Although the plan reports the corrective distributions on Form 1099-R, the distribution is not treated as a nonperiodic distribution from the plan. Military tax return calculator It is not subject to the allocation rules explained in the following discussion, it cannot be rolled over into another plan, and it is not subject to the additional tax on early distributions. Military tax return calculator    If your retirement plan made a corrective distribution of excess amounts (excess deferrals, excess contributions, or excess annual additions), your Form 1099-R should have the code “8,” “B,” “P,” or “E” in box 7. Military tax return calculator   For information on plan contribution limits and how to report corrective distributions of excess contributions, see Retirement Plan Contributions under Employee Compensation in Publication 525. Military tax return calculator Figuring the Taxable Amount How you figure the taxable amount of a nonperiodic distribution depends on whether it is made before the annuity starting date, or on or after the annuity starting date. Military tax return calculator If it is made before the annuity starting date, its tax treatment also depends on whether it is made under a qualified or nonqualified plan. Military tax return calculator If it is made under a nonqualified plan, its tax treatment depends on whether it fully discharges the contract, is received under certain life insurance or endowment contracts, or is allocable to an investment you made before August 14, 1982. Military tax return calculator You may be able to roll over the taxable amount of a nonperiodic distribution from a qualified retirement plan into another qualified retirement plan or a traditional IRA tax free. Military tax return calculator See Rollovers, later. Military tax return calculator If you do not make a tax-free rollover and the distribution qualifies as a lump-sum distribution, you may be able to elect an optional method of figuring the tax on the taxable amount. Military tax return calculator See Lump-Sum Distributions, later. Military tax return calculator Annuity starting date. Military tax return calculator   The annuity starting date is either the first day of the first period for which you receive an annuity payment under the contract or the date on which the obligation under the contract becomes fixed, whichever is later. Military tax return calculator Distributions of employer securities. Military tax return calculator    If you receive a distribution of employer securities from a qualified retirement plan, you may be able to defer the tax on the net unrealized appreciation (NUA) in the securities. Military tax return calculator The NUA is the net increase in the securities' value while they were in the trust. Military tax return calculator This tax deferral applies to distributions of the employer corporation's stocks, bonds, registered debentures, and debentures with interest coupons attached. Military tax return calculator   If the distribution is a lump-sum distribution, tax is deferred on all of the NUA unless you choose to include it in your income for the year of the distribution. Military tax return calculator    A lump-sum distribution for this purpose is the distribution or payment of a plan participant's entire balance (within a single tax year) from all of the employer's qualified plans of one kind (pension, profit-sharing, or stock bonus plans), but only if paid: Because of the plan participant's death, After the participant reaches age 59½, Because the participant, if an employee, separates from service, or After the participant, if a self-employed individual, becomes totally and permanently disabled. Military tax return calculator    If you choose to include NUA in your income for the year of the distribution and the participant was born before January 2, 1936, you may be able to figure the tax on the NUA using the optional methods described und