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Military Turbo Tax

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Military Turbo Tax

Military turbo tax Internal Revenue Bulletin:  2009-36  September 8, 2009  Rev. Military turbo tax Proc. Military turbo tax 2009-37 Table of Contents SECTION 1. Military turbo tax PURPOSE SECTION 2. Military turbo tax BACKGROUND SECTION 3. Military turbo tax SCOPE SECTION 4. Military turbo tax ELECTION PROCEDURES SECTION 5. Military turbo tax REQUIRED INFORMATION STATEMENT SECTION 6. Military turbo tax EFFECTIVE DATE SECTION 7. Military turbo tax TRANSITION RULE SECTION 8. Military turbo tax PAPERWORK REDUCTION ACT DRAFTING INFORMATION SECTION 1. Military turbo tax PURPOSE . Military turbo tax 01 This revenue procedure provides the exclusive procedures for taxpayers to make an election to defer recognizing discharge of indebtedness income (“COD income”) under § 108(i) of the Internal Revenue Code. Military turbo tax . Military turbo tax 02 This revenue procedure also requires taxpayers making the § 108(i) election to provide additional information on returns beginning with the taxable year following the taxable year for which the taxpayer makes the election. Military turbo tax This revenue procedure describes the time and manner of providing this additional information. Military turbo tax . Military turbo tax 03 The Internal Revenue Service and Treasury Department intend to issue additional guidance under § 108(i) that may include regulations addressing matters in this revenue procedure. Military turbo tax Taxpayers should be aware that these regulations may be retroactive. Military turbo tax See § 7805(b)(2). Military turbo tax This revenue procedure may be modified to provide procedures consistent with additional guidance. Military turbo tax SECTION 2. Military turbo tax BACKGROUND . Military turbo tax 01 Section 108(i), Generally. Military turbo tax Section 108(i) was added to the Code by § 1231 of the American Recovery and Reinvestment Tax Act of 2009, Pub. Military turbo tax L. Military turbo tax No. Military turbo tax 111-5, 123 Stat. Military turbo tax 338. Military turbo tax In general, § 108(i) provides that, at the election of a taxpayer, COD income realized in connection with a reacquisition after December 31, 2008, and before January 1, 2011, of an applicable debt instrument is includible in gross income ratably over a 5-taxable-year inclusion period, beginning with the taxpayer’s fourth or fifth taxable year following the taxable year of the reacquisition. Military turbo tax Generally, if a taxpayer makes a § 108(i) election and reacquires (or is treated as reacquiring) the applicable debt instrument generating the COD income for a new debt instrument with original issue discount (“OID”), then interest deductions for this OID also are deferred, as provided in § 108(i)(2). Military turbo tax The OID deferral rule, however, does not apply if the amount of OID is less than a de minimis amount, as determined under § 1273(a)(3) and § 1. Military turbo tax 1273-1(d) of the Income Tax Regulations. Military turbo tax The OID deferral rule in § 108(i)(2) applies at the entity level for a pass-through entity. Military turbo tax For example, a partnership (and therefore its partners) may not deduct currently the OID described in § 108(i)(2)(A)(i). Military turbo tax A taxpayer must take into account any item of income or deduction deferred under § 108(i), and not previously taken into account, in the taxable year in which certain events occur (such as the liquidation of the taxpayer and upon other events specified in administrative guidance). Military turbo tax See § 108(i)(5)(D). Military turbo tax The rule regarding acceleration of deferred COD income and OID deductions also applies in the case of certain dispositions by persons holding ownership interests in pass-through entities. Military turbo tax Section 108(i)(5)(D)(ii). Military turbo tax For purposes of § 108(i), regulated investment companies (as defined in § 851(a)) and real estate investment trusts (as defined in § 856(a)) are not pass-through entities. Military turbo tax . Military turbo tax 02 Applicable Debt Instrument. Military turbo tax Section 108(i)(3)(A) defines the term “applicable debt instrument” to mean any debt instrument issued by a C corporation or by any other person in connection with the conduct of a trade or business by that person. Military turbo tax The term “debt instrument” means any bond, debenture, note, certificate, or any other instrument or contractual arrangement constituting indebtedness within the meaning of § 1275(a)(1). Military turbo tax Section 108(i)(3)(B). Military turbo tax For purposes of § 108(i), in the case of an intercompany obligation (as defined in § 1. Military turbo tax 1502-13(g)(2)(ii)), an applicable debt instrument includes only an instrument for which COD income is realized upon the instrument’s deemed satisfaction under § 1. Military turbo tax 1502-13(g)(5). Military turbo tax . Military turbo tax 03 Reacquisition. Military turbo tax Section 108(i)(4)(A) defines the term “reacquisition” to mean, with respect to any applicable debt instrument, any acquisition of the debt instrument by the debtor that issued (or is otherwise the obligor under) the debt instrument, or a person related to the debtor under § 108(e)(4). Military turbo tax The term “acquisition” includes an acquisition of the debt instrument for cash or other property, the exchange of the debt instrument for another debt instrument (including an exchange resulting from a modification of the debt instrument), the exchange of the debt instrument for corporate stock or a partnership interest, the contribution of the debt instrument to capital, and the complete forgiveness of the indebtedness by the holder of the debt instrument. Military turbo tax See § 108(i)(4)(B). Military turbo tax The term “acquisition” also includes an indirect acquisition within the meaning of § 1. Military turbo tax 108-2(c) if a direct acquisition of the debt instrument would qualify for an election under § 108(i). Military turbo tax For example, if a corporation acquires debt of a partnership that the partnership issued in connection with its trade or business, and the partnership and corporation become related within six months of the corporation’s acquisition of the debt, the indirect acquisition is an acquisition for which an election under § 108(i) may be made. Military turbo tax . Military turbo tax 04 General Requirements for the Section 108(i) Election. Military turbo tax Section 108(i)(5)(B) provides, in general, that a taxpayer makes the § 108(i) election by including a statement that clearly identifies the applicable debt instrument with the return of tax imposed for the taxable year in which the reacquisition of the instrument occurs. Military turbo tax (For purposes of this revenue procedure, a return of tax or income tax return includes an information return, and a taxpayer includes a person that files an information return. Military turbo tax ) The statement must include the amount of income to which § 108(i)(1) applies and other information the Service may prescribe. Military turbo tax Once made, a § 108(i) election is irrevocable and, except as provided in section 7 of this revenue procedure, may not be modified. Military turbo tax . Military turbo tax 05 Section 108(i) Elections Made by Pass-through Entities. Military turbo tax In the case of COD income realized by a pass-through entity from the reacquisition of an applicable debt instrument, the pass-through entity makes the § 108(i) election. Military turbo tax Section 108(i)(5)(B)(iii). Military turbo tax . Military turbo tax 06 Additional Information on Subsequent Years’ Returns. Military turbo tax Section 108(i)(7) authorizes the Service to issue guidance necessary or appropriate for applying § 108(i), including requiring reporting the election and other information on returns of tax for subsequent taxable years. Military turbo tax . Military turbo tax 07 Exclusivity. Military turbo tax Section 108(i)(5)(C) provides that if a taxpayer elects to apply § 108(i) to an applicable debt instrument, § 108(a)(1)(A), (B), (C), and (D) do not apply to COD income deferred under § 108(i). Military turbo tax . Military turbo tax 08 Allocation of Deferred COD Income on Partnership Indebtedness. Military turbo tax Section 4. Military turbo tax 04(3) of this revenue procedure describes how a partnership may elect under § 108(i) to defer a portion of the COD income realized from the reacquisition of an applicable debt instrument. Military turbo tax If a partnership elects to defer all or any portion of COD income realized from the reacquisition of an applicable debt instrument, all of the COD income with respect to that debt instrument, without regard to § 108(i), is allocated to the partners in the partnership immediately before the reacquisition in the manner in which the income would be included in the distributive shares of these partners under § 704 and the regulations thereunder, including § 1. Military turbo tax 704-1(b)(2)(iii). Military turbo tax Each partner’s share of this COD income is the partner’s COD income amount (“COD income amount”). Military turbo tax The partner’s COD income amount that is deferred under § 108(i) is the partner’s deferred amount (“deferred amount”). Military turbo tax The partner’s COD income amount that is not deferred and is included in the partner’s distributive share of partnership income for the taxable year of the partnership in which the reacquisition occurs is the partner’s included amount (“included amount”). Military turbo tax . Military turbo tax 09 Partner’s Deferred § 752 Amount. Military turbo tax A decrease in a partner’s share of a partnership liability resulting from the reacquisition of an applicable debt instrument that is not treated as a current distribution of money to the partner under § 752 by reason of § 108(i)(6) is the partner’s deferred § 752 amount (“deferred § 752 amount”). Military turbo tax A partner’s deferred § 752 amount may not exceed the lesser of (i) the partner’s deferred amount or (ii) gain that the partner would recognize in the year of reacquisition under § 731 as a result of the reacquisition absent § 108(i)(6). Military turbo tax To determine the amount of gain the partner would recognize under clause (ii) of the preceding sentence, the amount of any deemed distribution of money under § 752(b) resulting from the decrease in the partner’s share of a reacquired applicable debt instrument that is treated as an advance or draw of money under § 1. Military turbo tax 731-1(a)(1)(ii) is determined as if no COD income resulting from the reacquisition of the applicable debt instrument is deferred under § 108(i). Military turbo tax See Rev. Military turbo tax Rul. Military turbo tax 92-97, 1992-2 C. Military turbo tax B. Military turbo tax 124, and Rev. Military turbo tax Rul. Military turbo tax 94-4, 1994-1 C. Military turbo tax B. Military turbo tax 195. Military turbo tax A partner’s deferred § 752 amount is treated as a distribution of money to the partner under § 752 at the same time, and to the extent remaining in the same amount, as the partner recognizes the COD income deferred under § 108(i). Military turbo tax . Military turbo tax 10 Allocation of Deferred COD Income on S Corporation Indebtedness. Military turbo tax For purposes of § 108(i), an S corporation’s COD income deferred under § 108(i) is shared pro rata only among those shareholders that are shareholders of the S corporation immediately before the reacquisition transaction. Military turbo tax . Military turbo tax 11 Deferred COD Income, Earnings and Profits, and Alternative Minimum Taxable Income. Military turbo tax (1) In general. Military turbo tax The Service and Treasury Department intend to issue regulations regarding the computation of a corporation’s earnings and profits with respect to COD income and OID deductions that are deferred under § 108(i). Military turbo tax These regulations generally will provide that deferred COD income increases earnings and profits in the taxable year that it is realized and not in the taxable year or years that the deferred COD income is includible in gross income. Military turbo tax OID deductions deferred under § 108(i) generally will decrease earnings and profits in the taxable year or years in which the deduction would be allowed without regard to § 108(i). Military turbo tax COD income and OID deductions that are deferred increase or decrease adjusted current earnings under § 56(g)(4) in the taxable year or years that the income or deduction is includible or deductible in determining taxable income. Military turbo tax See § 1. Military turbo tax 56(g)-1(c)(1). Military turbo tax (2) Exceptions for certain special status corporations. Military turbo tax The Service and Treasury Department intend to issue regulations providing that in the case of regulated investment companies and real estate investment trusts, COD income deferred under § 108(i) generally increases earnings and profits in the taxable year or years in which the deferred COD income is includible in gross income and not in the year that the deferred COD income is realized. Military turbo tax OID deductions deferred under § 108(i) generally decrease earnings and profits in the taxable year or years that the deferred OID deductions are deductible. Military turbo tax . Military turbo tax 12 Extension of Time to Make Election. Military turbo tax Under § 301. Military turbo tax 9100-1 of the Procedure and Administration Regulations, the Service may grant an extension of time to make a regulatory election. Military turbo tax An election is a regulatory election if the due date is prescribed by regulation or other published guidance of general applicability. Military turbo tax Section 301. Military turbo tax 9100-2(a) provides an automatic 12-month extension from the due date for making certain regulatory elections. Military turbo tax SECTION 3. Military turbo tax SCOPE This revenue procedure applies to taxpayers that realize COD income from a reacquisition after December 31, 2008, and before January 1, 2011, of an applicable debt instrument, as provided in § 108(i). Military turbo tax SECTION 4. Military turbo tax ELECTION PROCEDURES . Military turbo tax 01 In General. Military turbo tax (1) A taxpayer within the scope of this revenue procedure makes the § 108(i) election by— (a) Attaching a statement meeting the requirements of section 4. Military turbo tax 05 of this revenue procedure to the taxpayer’s timely filed (including extensions) original federal income tax return for the taxable year in which the reacquisition of the applicable debt instrument occurs, and (b) If applicable, satisfying the additional requirements of section 4. Military turbo tax 07, 4. Military turbo tax 08, 4. Military turbo tax 09, or 4. Military turbo tax 10 of this revenue procedure. Military turbo tax (2) The Service grants an automatic extension of 12 months from the due date prescribed in section 4. Military turbo tax 01(1)(a) of this revenue procedure for making the § 108(i) election. Military turbo tax The rules that apply to an automatic extension under § 301. Military turbo tax 9100-2(a) apply to this automatic extension. Military turbo tax . Military turbo tax 02 Section 108(i) Elections Made by Members of Consolidated Groups. Military turbo tax The common parent of a consolidated group makes the § 108(i) election on behalf of all members of the group. Military turbo tax See § 1. Military turbo tax 1502-77(a). Military turbo tax . Military turbo tax 03 Aggregation Rule. Military turbo tax A taxpayer within the scope of this revenue procedure may treat two or more applicable debt instruments that are part of the same issue and that are reacquired during the same taxable year as one applicable debt instrument for purposes of this revenue procedure. Military turbo tax A pass-through entity may not treat two or more applicable debt instruments as one applicable debt instrument under this section 4. Military turbo tax 03 if the owners and their ownership interests in the pass-through entity immediately prior to the reacquisition of each applicable debt instrument are not identical. Military turbo tax . Military turbo tax 04 Partial Elections. Military turbo tax (1) A taxpayer within the scope of this revenue procedure may make an election for any portion of COD income realized from the reacquisition of any applicable debt instrument. Military turbo tax Thus, for example, if a taxpayer realizes $100 of COD income from the reacquisition of an applicable debt instrument, the taxpayer may elect under § 108(i)(1) to defer only $40 of the $100 of COD income. Military turbo tax The taxpayer may exclude from income the portion of COD income that the taxpayer does not elect to defer under § 108(i) ($60 in this example) under § 108(a)(1)(A), (B), (C), or (D), if applicable. Military turbo tax (2) A taxpayer is not required to make an election for the same portion of COD income arising from each applicable debt instrument that it reacquires, but may make an election for different portions of COD income arising from different applicable debt instruments (whether or not part of the same issue). Military turbo tax Thus, for example, if a taxpayer realizes $100 of COD income from the reacquisition of an applicable debt instrument (Instrument A) and $100 of COD income from the reacquisition of a different applicable debt instrument (Instrument B), the taxpayer may elect to defer all or a portion of the COD income associated with Instrument A and none or a different portion of the COD income associated with Instrument B. Military turbo tax (3) A partnership that elects to defer less than all of the COD income realized from the reacquisition of an applicable debt instrument may determine, in any manner, the portion, if any, of a partner’s COD income amount that is the partner’s deferred amount and the portion, if any, of a partner’s COD income amount that is the partner’s included amount. Military turbo tax Thus, for example, one partner’s deferred amount may be zero while another partner’s deferred amount may equal that partner’s COD income amount (or any portion thereof). Military turbo tax A partner may exclude from income the partner’s included amount under § 108(a)(1)(A), (B), (C), or (D), if applicable. Military turbo tax The provisions of this section 4. Military turbo tax 04(3) apply for purposes of § 108(i) only and are not intended as an interpretation of or a change to existing law under § 704. Military turbo tax . Military turbo tax 05 Contents of Election Statement. Military turbo tax A statement meets the requirements of this section 4. Military turbo tax 05 if the statement— (1) Label. Military turbo tax States “Section 108(i) Election” across the top. Military turbo tax (2) Required information. Military turbo tax Provides, for each applicable debt instrument the reacquisition of which generates COD income that the taxpayer is electing to defer under § 108(i)— (a) The name and taxpayer identification numbers, if any, of the issuer or issuers of the applicable debt instrument; (b) A general description of the applicable debt instrument (including the issue and maturity dates) and, in the case of any person other than a C corporation, a general description of the person’s trade or business to which the applicable debt instrument is connected; (c) A general description of the reacquisition transaction or transactions generating the COD income (including the date(s) of the transaction(s)); (d) The total amount of COD income for the applicable debt instrument that results from the reacquisition (in the case of a partnership, the aggregate of the partners’ COD income amounts) and a general description of the manner in which this amount is calculated; (e) The amount of COD income for the applicable debt instrument that the taxpayer is electing to defer under § 108(i); (f) In the case of a partnership, a list of partners that have a deferred amount, their identifying information and each partner’s deferred amount; and in the case of an S corporation, a list of shareholders with COD income deferred under § 108(i), their identifying information and each shareholder’s share of the S corporation’s deferred COD income; and (g) In cases in which a new debt instrument is issued or deemed issued in exchange for the applicable debt instrument (including exchanges under § 108(e)(4), § 108(i)(2)(B), and § 1. Military turbo tax 1001-3), the issuer’s name, the issuer’s taxpayer identification number, if any, a general description of the new debt instrument and whether the new debt instrument has OID, and if the new debt instrument has OID, a schedule of the OID that the issuer expects to accrue each taxable year on the instrument and the amount of OID that the issuer expects to defer under § 108(i)(2) each taxable year. Military turbo tax . Military turbo tax 06 Supplemental information. Military turbo tax The statement described in section 4. Military turbo tax 05 of this revenue procedure may specify for each applicable debt instrument an amount greater than the amount identified in section 4. Military turbo tax 05(2)(e) of this revenue procedure that the taxpayer elects to defer under § 108(i) in the event the Service subsequently concludes that the taxpayer understated the amount of COD income described in section 4. Military turbo tax 05(2)(d) of this revenue procedure. Military turbo tax This additional amount of COD income the taxpayer elects to defer may be described as the entire additional COD income, or as a percentage of any additional COD income. Military turbo tax If the taxpayer is a partnership, the partnership must specify each partner’s share of the partnership’s additional COD income that would be deferred (the partner’s additional deferred amount), which the partnership may describe for each partner as the partner’s entire share of the partnership’s additional COD income or as a percentage of the partner’s share of the partnership’s additional COD income. Military turbo tax If the taxpayer is an S corporation, the S corporation must specify each shareholder’s share of the S corporation’s additional COD income that would be deferred, which the S corporation may describe for each shareholder as the shareholder’s entire share of the S corporation’s additional COD income or as a percentage of the shareholder’s share of the S corporation’s additional COD income. Military turbo tax In the case of partnerships and S corporations, the additional COD income and the portion of additional COD income that would be deferred are allocated or determined as provided in sections 2. Military turbo tax 08, 2. Military turbo tax 10 and, if applicable, 4. Military turbo tax 04(3) of this revenue procedure, respectively, as if the additional COD income was realized. Military turbo tax . Military turbo tax 07 Additional Requirements for Certain Partnerships Making a § 108(i) Election. Military turbo tax The rules of this section 4. Military turbo tax 07 apply to partnerships other than partnerships described in section 4. Military turbo tax 10 of this revenue procedure. Military turbo tax (1) Information filing on Schedule K-1 (Form 1065 and Form 1065-B). Military turbo tax For the taxable year in which the § 108(i) election is made, the partnership must report on the Schedule K-1 (Form 1065 or Form 1065-B), Partner’s Share of Income, Deductions, Credits, etc. Military turbo tax , in the manner specified in the instructions to the forms, for each partner § 108(i) information on an aggregate basis for all applicable debt instruments for which a § 108(i) election is made. Military turbo tax Partnerships reporting § 108(i) information on the 2008 Schedule K-1 (Form 1065 or Form 1065-B) must report for each partner on an aggregate basis for all applicable debt instruments for which a § 108(i) election is made: (a) The partner’s deferred amount that the partner must include in income in the current taxable year under § 108(i)(1) or § 108(i)(5)(D)(i) or (ii), in box 11 (“other income”) using code F for Schedule K-1 (Form 1065) or in box 9 (“other”) using code U for Schedule K-1 (Form 1065-B); (b) The partner’s share of the partnership’s OID deduction deferred under § 108(i)(2)(A)(i) that is allowable as a deduction in the current taxable year under § 108(i)(2)(A)(ii) or § 108(i)(5)(D)(i) or (ii), in box 13 (“other deductions”) using code W for Schedule K-1 (Form 1065) or in box 9 (“other”) using code U for Schedule K-1 (Form 1065-B); (c) The partner’s deferred amount that has not been included in income in the current or prior taxable years, in box 20 (“other information”) using code X for Schedule K-1 (Form 1065) or in box 9 (“other”) using code U for Schedule K-1 (Form 1065-B); (d) The partner’s share of the partnership’s OID deduction deferred under § 108(i)(2)(A)(i) that has not been deducted in the current or prior taxable years, in box 20 (“other information”) using code X for Schedule K-1 (Form 1065) or in box 9 (“other”) using code U for Schedule K-1 (Form 1065-B); (e) The partner’s deferred § 752 amount that is treated as a distribution of money to the partner under § 752 in the current taxable year, in box 20 (“other information”) using code X for Schedule K-1 (Form 1065) or in box 9 (“other”) using code U for Schedule K-1 (Form 1065-B); and (f) The partner’s deferred § 752 amount remaining as of the end of the current taxable year, in box 20 (“other information”) using code X for Schedule K-1 (Form 1065) or in box 9 (“other”) using code U for Schedule K-1 (Form 1065-B). Military turbo tax (2) Election information statement provided to partners. Military turbo tax The partnership must attach to the Schedule K-1 (Form 1065 or Form 1065-B) provided to each partner for the taxable year in which the § 108(i) election is made a statement satisfying the requirements of this section 4. Military turbo tax 07(2). Military turbo tax The partnership should not attach these statements to the Schedules K-1 that are filed with the Service, but must retain these statements, and each partner must retain that partner’s statement, in their respective books and records. Military turbo tax A statement meets the requirements of this section 4. Military turbo tax 07(2) if the statement— (a) Label. Military turbo tax States “Section 108(i) Election Information Statement for Partners” across the top. Military turbo tax (b) Required information. Military turbo tax Clearly identifies for each applicable debt instrument to which an election under § 108(i) applies— (i) The partner’s COD income amount, the partner’s deferred amount, and the partner’s included amount; (ii) The partner’s deferred amount that the partner must include in income in the current taxable year under § 108(i)(5)(D)(i) or (ii); (iii) The partner’s share of the partnership’s OID deduction deferred under § 108(i)(2)(A)(i) in the current taxable year; (iv) The partner’s share of the partnership’s OID deduction deferred under § 108(i)(2)(A)(i) that is allowable as a deduction in the current taxable year under § 108(i)(5)(D)(i) or (ii); (v) The partner’s share of each liability of the partnership described in section 4. Military turbo tax 05(2)(g) of this revenue procedure; (vi) The partner’s share of the decrease in the partnership liability that results from the reacquisition of the applicable debt instrument; (vii) The partner’s share of the decrease in the partnership liability that results from the reacquisition of the applicable debt instrument that is treated as a distribution of money to the partner under § 752 in the current taxable year; (viii) The partner’s deferred § 752 amount as described in section 2. Military turbo tax 09 of this revenue procedure; (ix) The partner’s additional deferred amount as described in section 4. Military turbo tax 06 of this revenue procedure; and (x) The date of the reacquisition transaction generating the COD income. Military turbo tax (c) If a partner fails to provide the written statement required by section 4. Military turbo tax 07(3) of this revenue procedure, the partnership must indicate that the amounts described in section 4. Military turbo tax 07(2)(b)(vii) and (viii) of this revenue procedure cannot be calculated because the partner did not provide the information necessary to report these amounts. Military turbo tax (3) Partner reporting requirements. Military turbo tax The partnership must make reasonable efforts prior to making a § 108(i) election to secure from each partner with a deferred amount for which it does not have the information necessary to compute the partner’s basis in its partnership interest (and its deferred § 752 amount as described in section 2. Military turbo tax 09 of this revenue procedure) a written statement signed under penalties of perjury that includes this information. Military turbo tax Each partner with a deferred amount must provide this written statement to the partnership within 30 days of the date of request by the partnership. Military turbo tax A partner’s failure to comply with this reporting requirement does not invalidate the partnership’s election under § 108(i) for an applicable debt instrument only if the partnership makes reasonable efforts before making the § 108(i) election to obtain the written statement from the partner and otherwise complies with the requirements of section 4 of this revenue procedure. Military turbo tax If a partner provides its written statement under this section 4. Military turbo tax 07(3) after the partnership has provided to the partner the Section 108(i) Election Information Statement for Partners, the partnership must provide to the partner a revised Section 108(i) Election Information Statement for Partners reporting the information required under section 4. Military turbo tax 07(2)(b)(vii) and (viii) of this revenue procedure and report the partner’s deferred § 752 amount on the partner’s Schedule K-1 (Form 1065 or Form 1065-B) in subsequent taxable years. Military turbo tax . Military turbo tax 08 Additional Requirements for an S Corporation Making a § 108(i) Election. Military turbo tax (1) Information filing on Schedule K-1 (Form 1120S). Military turbo tax For the taxable year in which the § 108(i) election is made, the S corporation must report on the Schedule K-1 (Form 1120S), Shareholder’s Share of Income, Deductions, Credits, etc. Military turbo tax , in the manner specified in the instructions to the forms, for each shareholder § 108(i) information on an aggregate basis for all applicable debt instruments for which a § 108(i) election is made. Military turbo tax S corporations reporting § 108(i) information on the 2008 Schedule K-1 (Form 1120S) must report for each shareholder, on an aggregate basis for all applicable debt instruments for which a § 108(i) election is made, the shareholder’s share of the S corporation’s: (a) COD income deferred under § 108(i) that the shareholder must include in income in the current taxable year under § 108(i)(1) or § 108(i)(5)(D)(i) or (ii), in box 10 (“other income”) using code E; (b) OID deduction deferred under § 108(i)(2)(A)(i) that is allowable as a deduction in the current taxable year under § 108(i)(2)(A)(ii), or § 108(i)(5)(D)(i) or (ii), in box 12 (“other deductions”) using code S; (c) COD income deferred under § 108(i) that has not been included in income in the current or prior taxable years, in box 17 (“other information”) using code T; and (d) OID deduction deferred under § 108(i)(2)(A)(i) that has not been deducted in the current or prior taxable years, in box 17 (“other information”) using code T. Military turbo tax (2) Election information statement provided to shareholders. Military turbo tax The S corporation must attach to the Schedule K-1 (Form 1120S) provided to each shareholder for the taxable year in which the § 108(i) election is made, a statement satisfying the requirements of this section 4. Military turbo tax 08(2). Military turbo tax The S corporation should not attach these statements to the Schedules K-1 that are filed with the Service, but must retain these statements, and each shareholder must retain that shareholder’s statement, in their respective books and records. Military turbo tax A statement meets the requirements of this section 4. Military turbo tax 08(2) if the statement— (a) Label. Military turbo tax States “Section 108(i) Election Information Statement for Shareholders” across the top. Military turbo tax (b) Required information. Military turbo tax Clearly identifies for each applicable debt instrument to which an election under § 108(i) applies, the shareholder’s share of the S corporation’s— (i) COD income that the S corporation elects to defer under § 108(i); (ii) COD income deferred under § 108(i) that the shareholder must include in income in the current taxable year under § 108(i)(5)(D)(i) or (ii); (iii) OID deduction deferred under § 108(i)(2)(A)(i) in the current taxable year; (iv) OID deduction deferred under § 108(i)(2)(A)(i) that is allowable as a deduction in the current taxable year under § 108(i)(5)(D)(i) or (ii); and (v) Additional COD income that would be deferred as described in section 4. Military turbo tax 06 of this revenue procedure. Military turbo tax . Military turbo tax 09 Section 108(i) Elections Made on Behalf of Certain Foreign Corporations. Military turbo tax The controlling domestic shareholder(s) (or common parent of the controlling domestic shareholder(s), if applicable) of a controlled foreign corporation or a noncontrolled § 902 corporation not otherwise required to file a return of tax may make the § 108(i) election on behalf of the foreign corporation by satisfying the requirements of § 1. Military turbo tax 964-1(c)(3). Military turbo tax Each controlling domestic shareholder must attach a statement identifying the foreign corporation and satisfying the requirements of section 4. Military turbo tax 05 of this revenue procedure and, if applicable, section 4. Military turbo tax 06 of this revenue procedure, to its federal income tax return for the taxable year ending within or with the taxable year of the foreign corporation for which the § 108(i) election is made. Military turbo tax . Military turbo tax 10 Section 108(i) Elections Made By Certain Foreign Partnerships. Military turbo tax The rules of this section 4. Military turbo tax 10 apply to a foreign partnership making a § 108(i) election that is not otherwise required to file a federal partnership return (“nonfiling foreign partnership”). Military turbo tax See § 1. Military turbo tax 6031(a)-1(b). Military turbo tax (1) A nonfiling foreign partnership making the election must attach a statement satisfying the requirements of section 4. Military turbo tax 05 of this revenue procedure and, if applicable, section 4. Military turbo tax 06 of this revenue procedure, to a partnership return satisfying the requirements of § 1. Military turbo tax 6031(a)-1(b)(5) it files with the Service. Military turbo tax In addition, a nonfiling foreign partnership must include in the information required in section 4. Military turbo tax 05(2)(d) and (e) of this revenue procedure the aggregate amounts for all partners as well as the aggregate amounts for all U. Military turbo tax S. Military turbo tax persons (as defined in § 7701(a)(30)) and controlled foreign corporation(s) that are partners with deferred amounts in the nonfiling foreign partnership (“affected partners”). Military turbo tax (2) The nonfiling foreign partnership must make the election, in accordance with § 1. Military turbo tax 6031(a)-1(b)(5), by the date provided in section 4. Military turbo tax 01(1)(a) of this revenue procedure, as if it had a filing obligation for the taxable year in which the reacquisition of the applicable debt instrument occurs. Military turbo tax (3) For each affected partner, the partnership must file with the Service a Schedule K-1 (Form 1065) and report on the Schedule K-1 (Form 1065) for the affected partner as provided in section 4. Military turbo tax 07(1) of this revenue procedure. Military turbo tax Except for this § 108(i) information, the partnership need not complete Part III of the Schedule K-1 (Form 1065). Military turbo tax The partnership must provide a copy of the respective Schedule K-1 (Form 1065) to each affected partner and must also attach to the Schedule K-1 (Form 1065) provided to each affected partner a statement satisfying the requirements of section 4. Military turbo tax 07(2) of this revenue procedure by the date provided in section 4. Military turbo tax 01(1)(a) of this revenue procedure. Military turbo tax The partnership should not attach any statement described in section 4. Military turbo tax 07(2) of this revenue procedure to the Schedules K-1 that are filed with the Service. Military turbo tax However, the partnership must retain the statements provided to the affected partners, and each affected partner must retain that partner’s statement, in their respective books and records. Military turbo tax (4) The partnership and each affected partner must satisfy the requirements of section 4. Military turbo tax 07(3) of this revenue procedure. Military turbo tax . Military turbo tax 11 Protective § 108(i) Election. Military turbo tax (1) In general. Military turbo tax A taxpayer may make a protective election under § 108(i) for an applicable debt instrument if the taxpayer concludes that a particular transaction does not result in the realization of COD income, reports the transaction on its federal income tax return in a manner consistent with the taxpayer’s conclusion, and would be within the scope of this revenue procedure if the taxpayer’s conclusion were incorrect. Military turbo tax If the Service at any time determines the taxpayer’s conclusion that the particular transaction does not result in the realization of COD income is incorrect, the taxpayer’s protective election is treated as a valid, irrevocable election under § 108(i). Military turbo tax Thus, if a taxpayer makes a protective election, the Service subsequently may require the taxpayer to report COD income deferred pursuant to the valid and irrevocable protective election even if the statute of limitations has expired for the year in which the COD income was realized and the protective election was made. Military turbo tax A taxpayer makes a protective election by attaching a statement satisfying the requirements of this section 4. Military turbo tax 11(1) to the taxpayer’s original federal income tax return within the period described in section 4. Military turbo tax 01(1)(a) of this revenue procedure. Military turbo tax The taxpayer also must attach the election to its federal income tax return in each of the 8 or 9 taxable years, as applicable, following the taxable year of the election. Military turbo tax A statement meets the requirements of this section 4. Military turbo tax 11(1) if the statement— (a) States “Section 108(i) Protective Election” across the top; (b) Provides the information required under section 4. Military turbo tax 05(2)(a), (b), and (c) of this revenue procedure; (c) Provides that the amounts described in sections 4. Military turbo tax 05(2)(d) and (e) of this revenue procedure are zero; and (d) Provides the information described in section 4. Military turbo tax 06 of this revenue procedure. Military turbo tax (2) Statements provided to shareholders and partners. Military turbo tax (a) For each applicable debt instrument, a partnership or S corporation that makes a protective election must attach to the Schedule K-1 (Form 1065, Form 1065-B, or Form 1120S) it provides each of its partners or shareholders, as the case may be, for the taxable year in which the protective election is made a statement containing the information described in section 4. Military turbo tax 11(1)(b) of this revenue procedure (an S corporation need not provide its shareholders with the date(s) of the transaction(s) that would constitute the reacquisition transaction or transactions) and the partner’s or shareholder’s share of the additional COD income that would be deferred as described in section 4. Military turbo tax 11(1)(d) of this revenue procedure. Military turbo tax (b) The partnership or S corporation should not attach the statements described in this section 4. Military turbo tax 11(2) to the Schedules K-1 that are filed with the Service but must retain these statements, and each partner and shareholder must retain that partner’s or shareholder’s statement, in their respective books and records. Military turbo tax . Military turbo tax 12 Election-Year Reporting by Tiered Pass-Through Entities. Military turbo tax (1) A partnership required to file a U. Military turbo tax S. Military turbo tax partnership return other than under § 1. Military turbo tax 6031(a)-1(b)(5), or an S corporation, that receives a Schedule K-1 (Form 1065 or Form 1065-B) reflecting its share of any items listed in section 4. Military turbo tax 07(1) of this revenue procedure, must report on the Schedules K-1 (Form 1065, Form 1065-B, or Form 1120S) to its partners or shareholders, as the case may be, each partner’s or shareholder’s share of those items (an S corporation only reports to its shareholders the items described in section 4. Military turbo tax 07(1)(a) through (d) of this revenue procedure). Military turbo tax (2) If a partnership described in section 4. Military turbo tax 12(1) of this revenue procedure receives a statement described in sections 4. Military turbo tax 07(2) or 4. Military turbo tax 10(3) of this revenue procedure or this section 4. Military turbo tax 12(2), it must provide each of its partners a statement containing the partner’s share of each of the items listed on each statement received by the partnership, including the information described in section 4. Military turbo tax 07(2)(b)(x) of this revenue procedure. Military turbo tax If an S corporation receives a statement described in sections 4. Military turbo tax 07(2) or 4. Military turbo tax 10(3) of this revenue procedure or this section 4. Military turbo tax 12(2), it must provide each of its shareholders a statement containing the shareholder’s share of each of the items listed on each statement received by the S corporation that are described in section 4. Military turbo tax 07(2)(b)(i), (ii), (iii), (iv) and (ix) of this revenue procedure. Military turbo tax The partnership or S corporation must attach this statement or statements to the Schedule K-1 (Form 1065, Form 1065-B, or Form 1120S) that it provides to each of its partners or shareholders, as the case may be, for the taxable year of the partnership or S corporation. Military turbo tax The partnership or S corporation should not attach these statements to the Schedules K-1 that are filed with the Service but must retain these statements, and each partner and shareholder must retain that partner’s or shareholder’s statement, in their respective books and records. Military turbo tax (3) A partnership that receives a statement described in this section 4 identifying its COD income amount with respect to an applicable debt instrument must allocate its COD income amount, without regard to § 108(i), to the partners in the partnership immediately before the reacquisition transaction in the manner in which the income would be included in the distributive shares of these partners under § 704 and the regulations thereunder, including § 1. Military turbo tax 704-1(b)(2)(iii). Military turbo tax The partnership may determine in any manner the portion, if any, of a partner’s COD income amount that is the partner’s deferred amount and the portion, if any, of a partner’s COD income amount that is the partner’s included amount. Military turbo tax No partner’s deferred amount with respect to an applicable debt instrument may exceed its COD income amount with respect to the applicable debt instrument, and the aggregate of deferred amounts of its partners with respect to an applicable debt instrument must equal the partnership’s deferred amount with respect to the applicable debt instrument. Military turbo tax The partnership allocates amounts described in section 4. Military turbo tax 06 of this revenue procedure under this section 4. Military turbo tax 12(3) as if the additional COD income was realized. Military turbo tax (4) The deferred § 752 amount for partners in a partnership making a § 108(i) election is calculated only for the partnership’s direct partners. Military turbo tax No further adjustment to the deferred § 752 amount is made to reflect the basis or other attributes of partners that are indirect partners in the partnership. Military turbo tax (5) If an S corporation receives a statement described in this section 4 identifying its COD income amount, deferred amount, included amount or additional COD income that would be deferred with respect to an applicable debt instrument, these amounts are shared pro rata only among those shareholders that are shareholders in the S corporation immediately before the reacquisition transaction. Military turbo tax (6) This paragraph 4. Military turbo tax 12(6) provides the rules for Category 1 and Category 2 filers of Form 8865, Return of U. Military turbo tax S. Military turbo tax Persons With Respect to Certain Foreign Partnerships, as defined in the instructions for Form 8865, if the foreign partnership, for which the Category 1 or Category 2 filer has a filing requirement, receives a Schedule K-1 (Form 1065 or Form 1065-B) reflecting the partnership’s share of any items listed in section 4. Military turbo tax 07(1) of this revenue procedure, or a statement described in sections 4. Military turbo tax 07(2) or 4. Military turbo tax 10(3) of this revenue procedure (because the foreign partnership owns an interest directly or indirectly in another partnership in which an election was made under § 108(i) with respect to that foreign partnership’s distributive share from the other entity). Military turbo tax (a) For each partner for whom the Category 1 filer is required to complete a Schedule K-1 (Form 8865) (which includes the Category 1 filer itself), the Category 1 filer must: (i) Include the information described in section 4. Military turbo tax 07(1) of this revenue procedure in the Schedule K-1 (Form 8865) that the Category 1 filer files with the Service and completes for the partner; (ii) Produce a statement containing the partner’s share of the items listed on each statement received by the partnership; and (iii) Attach the statement described in section 4. Military turbo tax 12(6)(a)(ii) of this revenue procedure to each Schedule K-1 (Form 8865) that it is required to provide to a partner of the foreign partnership. Military turbo tax (b) A Category 2 filer must include its share of the information described in section 4. Military turbo tax 07(1) on the Schedule K-1 (Form 8865) that it is required to complete. Military turbo tax Category 2 filers also must complete a statement containing their share of the items listed on each statement received by the partnership. Military turbo tax (c) The Category 1 and Category 2 filers should not attach the statements described in sections 4. Military turbo tax 12(6)(a)(ii) and 4. Military turbo tax 12(6)(b) of this revenue procedure, respectively, to the Schedules K-1 that are filed with the Service. Military turbo tax However, Category 1 filers must retain the statements they complete and each partner must retain its own statement, in their respective books and records. Military turbo tax (7) If as a result of § 108(i)(5)(D)(ii), a partner of a partnership described in section 4. Military turbo tax 12(1) of this revenue procedure or a shareholder of an S corporation described in section 4. Military turbo tax 12(1) of this revenue procedure must recognize items deferred under § 108(i), the partnership or S corporation must report these items on the Schedule K-1 (Form 1065, Form 1065-B, or Form 1120S) and statements provided to the partner or shareholder pursuant to section 4. Military turbo tax 12(1) and (2) of this revenue procedure. Military turbo tax Similar rules apply to Category 1 and Category 2 filers (Form 8865) described in section 4. Military turbo tax 12(6) of this revenue procedure. Military turbo tax (8) The provisions of section 4. Military turbo tax 12(2), (3), (5) and (6) of this revenue procedure also apply to a statement received that is described in section 4. Military turbo tax 11(2) of this revenue procedure, except that the information that must be provided are those items described in section 4. Military turbo tax 11(1)(b) of this revenue procedure (an S corporation need not provide its shareholders with the date(s) of the transaction(s) that would constitute the reacquisition transaction or transactions) and the share of the partner or shareholder in the amounts described in section 4. Military turbo tax 11(1)(d) of this revenue procedure. Military turbo tax SECTION 5. Military turbo tax REQUIRED INFORMATION STATEMENT . Military turbo tax 01 Annual Information Statements. Military turbo tax Pursuant to § 108(i)(7)(B), a taxpayer that makes an election under § 108(i) (except for a protective election under section 4. Military turbo tax 11(1) of this revenue procedure) must attach a statement meeting the requirements of section 5. Military turbo tax 02 of this revenue procedure to its federal income tax return for each taxable year beginning with the taxable year following the taxable year for which the taxpayer makes the election and ending with the first taxable year in which all items deferred under § 108(i) have been recognized. Military turbo tax . Military turbo tax 02 Contents of Statement. Military turbo tax A statement meets the requirements of this section 5. Military turbo tax 02 if the statement— (1) Label. Military turbo tax States “Section 108(i) Information Statement” across the top; (2) Required information. Military turbo tax Clearly identifies for each applicable debt instrument to which an election under § 108(i) applies— (a) COD income deferred under § 108(i) that is included in income in the current taxable year under § 108(i)(1); (b) COD income deferred under § 108(i) that is included in income in the current taxable year under § 108(i)(5)(D), including a description and date of the acceleration event described in § 108(i)(5)(D); (c) COD income deferred under § 108(i) that has not been included in income in the current or prior taxable years (in the case of a partnership, the aggregate of the partners’ deferred amounts that have not been included in income in the current or prior taxable years, and in the case of an S corporation, the S corporation’s COD income deferred under § 108(i) that has not been included in income in the current or prior taxable years); (d) OID deduction deferred under § 108(i)(2)(A)(i) that is allowable as a deduction in the current taxable year under § 108(i)(2)(A)(ii); (e) OID deduction deferred under § 108(i)(2)(A)(i) that is allowable as a deduction in the current taxable year under § 108(i)(5)(D); and (f) OID deduction deferred under § 108(i)(2)(A)(i) that has not been deducted in the current or prior taxable years. Military turbo tax (3) Election attached. Military turbo tax Includes a copy of the election statement described in section 4. Military turbo tax 05 of this revenue procedure. Military turbo tax . Military turbo tax 03 Additional Annual Reporting Requirements for Certain Partnerships. Military turbo tax The rules of this section 5. Military turbo tax 03 apply to partnerships other than partnerships described in section 5. Military turbo tax 05 of this revenue procedure. Military turbo tax (1) In general. Military turbo tax A partnership that makes an election under § 108(i) (except for a protective election under section 4. Military turbo tax 11(1) of this revenue procedure) must attach to its federal income tax returns the statements required under section 5. Military turbo tax 01 of this revenue procedure. Military turbo tax In addition, for each taxable year in which a statement is required under section 5. Military turbo tax 01 of this revenue procedure, the partnership must report on the Schedule K-1 (Form 1065 or Form 1065-B) for each partner § 108(i) information in the manner described in section 4. Military turbo tax 07(1) of this revenue procedure. Military turbo tax (2) Annual information statements provided to partners. Military turbo tax The partnership must attach to the Schedule K-1 (Form 1065) provided to each partner for each taxable year in which a statement is required under section 5. Military turbo tax 01 of this revenue procedure, a statement meeting the requirements of this section 5. Military turbo tax 03(2). Military turbo tax The partnership should not attach these statements to the Schedules K-1 that are filed with the Service, but must retain these statements, and each partner must retain that partner’s statement, in their respective books and records. Military turbo tax A statement meets the requirements of this section 5. Military turbo tax 03(2) if the statement— (a) Label. Military turbo tax States “Section 108(i) Annual Information Statement for Partners” across the top of the statement. Military turbo tax (b) Required information. Military turbo tax Clearly identifies for each applicable debt instrument to which a § 108(i) election applies— (i) The partner’s deferred amount that has not been included in income as of the end of the prior taxable year; (ii) The partner’s deferred amount that the partner must include in income in the current taxable year under § 108(i)(1); (iii) The partner’s deferred amount that the partner must include in income in the current taxable year under § 108(i)(5)(D)(i) or (ii); (iv) The partner’s deferred amount that has not been included in income in the current or prior taxable years; (v) The partner’s share of the partnership’s OID deduction deferred under § 108(i)(2)(A)(i) in the current taxable year; (vi) The partner’s share of the partnership’s OID deduction deferred under § 108(i)(2)(A)(i) that is allowable as a deduction in the current taxable year under § 108(i)(2)(A)(ii); (vii) The partner’s share of the partnership’s OID deduction deferred under § 108(i)(2)(A)(i) that is allowable as a deduction in the current taxable year under § 108(i)(5)(D)(i) or (ii); (viii) The partner’s share of the partnership’s OID deduction deferred under § 108(i)(2)(A)(i) that has not been deducted in the current or prior taxable years; and (ix) The partner’s deferred § 752 amount that is treated as a distribution of money to the partner under § 752 in the current taxable year and any remaining deferred § 752 amount. Military turbo tax If a partner fails to provide the written statement required by section 4. Military turbo tax 07(3) of this revenue procedure, the partnership must indicate that the amounts described in this section 5. Military turbo tax 03(2)(b)(ix) cannot be calculated because the partner did not provide the information necessary to report these amounts. Military turbo tax . Military turbo tax 04 Additional Annual Reporting Requirements for an S Corporation. Military turbo tax (1) In general. Military turbo tax An S corporation that makes an election under § 108(i) (except for a protective election under section 4. Military turbo tax 11(1) of this revenue procedure) must attach to its federal income tax returns the statements required under section 5. Military turbo tax 01 of this revenue procedure. Military turbo tax In addition, for each taxable year in which a statement is required under section 5. Military turbo tax 01 of this revenue procedure, the S corporation must report on the Schedule K-1 (Form 1120S) for each shareholder § 108(i) information in the manner described in section 4. Military turbo tax 08(1) of this revenue procedure. Military turbo tax (2) Annual information statements provided to shareholders. Military turbo tax The S corporation must attach to the Schedule K-1 (Form 1120S) provided to each shareholder for each taxable year in which a statement is required under section 5. Military turbo tax 01 of this revenue procedure a statement meeting the requirements of this section 5. Military turbo tax 04(2). Military turbo tax The S corporation should not attach these statements to the Schedules K-1 that are filed with the Service, but must retain these statements, and each shareholder must retain that shareholder’s statement, in their respective books and records. Military turbo tax A statement meets the requirements of this section 5. Military turbo tax 04(2) if the statement— (a) Label. Military turbo tax States “Section 108(i) Annual Information Statement for Shareholders” across the top; (b) Required information. Military turbo tax Clearly identifies for each applicable debt instrument to which an election under § 108(i) applies, the shareholder’s share of the S corporation’s— (i) COD income deferred under § 108(i) that has not been included in income as of the end of the prior taxable year; (ii) COD income deferred under § 108(i) that the shareholder must include in income in the current taxable year under § 108(i)(1); (iii) COD income deferred under § 108(i) that the shareholder must include in income in the current taxable year under § 108(i)(5)(D)(i) or (ii); (iv) COD income deferred under § 108(i) that has not been included in income in the current or prior taxable years; (v) OID deduction deferred under § 108(i)(2)(A)(i) in the current taxable year; (vi) OID deduction deferred under § 108(i)(2)(A)(i) that is allowable as a deduction in the current taxable year under § 108(i)(2)(A)(ii); (vii) OID deduction deferred under § 108(i)(2)(A)(i) that is allowable as a deduction in the current taxable year under § 108(i)(5)(D)(i) or (ii); and (viii) OID deduction deferred under § 108(i)(2)(A)(i) that has not been deducted in the current or prior taxable years. Military turbo tax . Military turbo tax 05 Additional Annual Reporting Requirements for Certain Foreign Partnerships. Military turbo tax (1) The rules of this section 5. Military turbo tax 05 apply to nonfiling foreign partnerships. Military turbo tax (2) A nonfiling foreign partnership that makes an election under § 108(i) (except for a protective election under section 4. Military turbo tax 11(1) of this revenue procedure) must file federal income tax returns with the Service containing the information under § 1. Military turbo tax 6031(a)-1(b)(5) for each taxable year in which a statement is required by section 5. Military turbo tax 01 of this revenue procedure. Military turbo tax (3) The nonfiling foreign partnership must attach to its federal income tax returns the statements required under section 5. Military turbo tax 01 of this revenue procedure, but only for that portion of the COD income allocated to affected partners. Military turbo tax (4) For each taxable year in which a statement is required under section 5. Military turbo tax 01 of this revenue procedure, the nonfiling foreign partnership must provide each affected partner a Schedule K-1 (Form 1065) reporting § 108(i) information in the manner described in section 4. Military turbo tax 07(1) of this revenue procedure. Military turbo tax Except for this § 108(i) information, the partnership need not complete Part III of the Schedule K-1 (Form 1065). Military turbo tax The partnership must provide each affected partner with a copy of the Schedule K-1 (Form 1065) by the date provided in § 1. Military turbo tax 6031(b)-1T(b). Military turbo tax The partnership must attach the Schedules K-1 (Form 1065) to the federal income tax returns filed with the Service pursuant to section 5. Military turbo tax 05(2) of this revenue procedure. Military turbo tax (5) For each taxable year for which a statement is required under section 5. Military turbo tax 01 of this revenue procedure, the nonfiling foreign partnership must attach to each affected partner’s Schedule K-1 (Form 1065) a statement meeting the requirements of section 5. Military turbo tax 03(2) of this revenue procedure. Military turbo tax The partnership should not attach these statements to the Schedules K-1 that are filed with the Service, but must retain the statements, and each partner must retain that partner’s statement, in their respective books and records. Military turbo tax . Military turbo tax 06 Information Statements Made on Behalf of Certain Foreign Corporations. Military turbo tax Each controlling domestic shareholder must attach a statement identifying the foreign corporation and meeting the requirements of section 5. Military turbo tax 02 of this revenue procedure to the shareholder’s federal income tax return for each taxable year for which a statement is required under section 5. Military turbo tax 01 of this revenue procedure. Military turbo tax . Military turbo tax 07 Additional Annual Reporting Requirements for Tiered Pass-Through Entities. Military turbo tax (1) A partnership required to file a U. Military turbo tax S. Military turbo tax partnership return other than under § 1. Military turbo tax 6031(a)-1(b)(5), or an S corporation, that receives a Schedule K-1 (Form 1065 or Form 1065-B) described in the second sentence of section 5. Military turbo tax 03(1) of this revenue procedure reflecting its share of any § 108(i) information must report on the Schedules K-1 (Form 1065, Form 1065-B, or Form 1120S) to its partners or shareholders, as the case may be, each partner’s or shareholder’s share of those items (an S corporation only reports to its shareholders the items described in section 4. Military turbo tax 07(1)(a) through (d) of this revenue procedure). Military turbo tax (2) If a partnership described in section 5. Military turbo tax 07(1) of this revenue procedure receives a statement described in sections 5. Military turbo tax 03(2) or 5. Military turbo tax 05(5) of this revenue procedure or this section 5. Military turbo tax 07(2), it must provide each of its partners a statement containing the partner’s share of each of the items listed on each statement received by the partnership. Military turbo tax If an S corporation receives a statement described in sections 5. Military turbo tax 03(2) or 5. Military turbo tax 05(5) of this revenue procedure or this section 5. Military turbo tax 07(2), it must provide each of its shareholders a statement containing the shareholder’s share of each of the items listed on each statement received by the S corporation that are described in section 5. Military turbo tax 03(2)(b)(i) through (viii) of this revenue procedure. Military turbo tax The partnership or S corporation must attach the statement or statements to the Schedule K-1 (Form 1065 or Form 1065-B) or Schedule K-1 (Form 1120S) that is provided to each of its partners or shareholders, as the case may be, for the taxable year of the partnership or S corporation. Military turbo tax The partnership or S corporation should not attach these statements to the Schedules K-1 that are filed with the Service, but must retain these statements, and each partner and shareholder must retain that partner’s or shareholder’s statement, in their respective books and records. Military turbo tax (3) This paragraph 5. Military turbo tax 07(3) provides the rules for persons described in section 4. Military turbo tax 12(6) of this revenue procedure if the foreign partnership, for which the Category 1 or 2 filer has a filing requirement, receives a Schedule K-1 (Form 1065 or Form 1065-B) reflecting the partnership’s share of any items described in the second sentence of section 5. Military turbo tax 03(1) of this revenue procedure, or a statement described in sections 5. Military turbo tax 03(2) or 5. Military turbo tax 05(5) of this revenue procedure (because the foreign partnership owns an interest directly or indirectly in another partnership in which an election was made under § 108(i) with respect to that foreign partnership’s distributive share from the other entity). Military turbo tax (a) For each partner for whom the Category 1 filer is required to complete a Schedule K-1 (Form 8865) (which includes the Category 1 filer itself), the Category 1 filer must: (i) Include the information described in section 4. Military turbo tax 07(1) of this revenue procedure in the Schedule K-1 (Form 8865) that the Category 1 filer files with the Service and completes for the partner; (ii) Produce a statement containing the partner’s share of the items listed on each statement received by the partnership; and (iii) Attach the statement described in section 5. Military turbo tax 07(3)(a)(ii) of this revenue procedure to each Schedule K-1 (Form 8865) that it is required to provide to a partner of the foreign partnership. Military turbo tax (b) A Category 2 filer must include its share of the information described in section 4. Military turbo tax 07(1) on the Schedule K-1 (Form 8865) that it is required to complete. Military turbo tax Category 2 filers also must complete a statement containing their share of the items listed on each statement received by the partnership. Military turbo tax (c) The Category 1 and Category 2 filers should not attach the statements described in sections 5. Military turbo tax 07(3)(a)(ii) and 5. Military turbo tax 07(3)(b) of this revenue procedure, respectively, to the Schedules K-1 that are filed with the Service. Military turbo tax However, Category 1 filers must retain the statements they complete and each partner must retain its own statement, in their respective books and records. Military turbo tax (4) If as a result of § 108(i)(5)(D)(ii), a partner of a partnership described in section 5. Military turbo tax 07(1) of this revenue procedure or a shareholder of an S corporation described in section 5. Military turbo tax 07(1) of this revenue procedure must recognize items deferred under § 108(i), the partnership or S corporation must report these items on the Schedule K-1 (Form 1065, Form 1065-B, or Form 1120S) and statements provided to the partner or shareholder pursuant to section 5. Military turbo tax 07(1) and (2) of this revenue procedure. Military turbo tax Similar rules apply to Category 1 and Category 2 filers (Form 8865) described in section 4. Military turbo tax 12(6) of this revenue procedure. Military turbo tax SECTION 6. Military turbo tax EFFECTIVE DATE This revenue procedure is effective for reacquisitions of applicable debt instruments in taxable years ending after December 31, 2008. Military turbo tax SECTION 7. Military turbo tax TRANSITION RULE . Military turbo tax 01 Noncomplying Election. Military turbo tax Except as otherwise provided in this section 7. Military turbo tax 01, the Service will treat a § 108(i) election as effective if a taxpayer files an election with the taxpayer’s federal income tax return filed on or before September 16, 2009, using any reasonable procedure to make the election. Military turbo tax However, an election that does not comply with section 4 of this revenue procedure will not be effective unless the taxpayer on or before November 16, 2009, files an amended return for the taxable year of the election and complies with the requirements of section 4 of this revenue procedure. Military turbo tax . Military turbo tax 02 Modification of Election. Military turbo tax A taxpayer that files a § 108(i) election on or before September 16, 2009, may modify that election by filing an amended return on or before November 16, 2009 (for example, to modify the amount of COD income the taxpayer elects to defer). Military turbo tax To be effective, a modification of an election described in the preceding sentence must satisfy the requirements for an election described in section 4 of this revenue procedure. Military turbo tax . Military turbo tax 03 Notations. Military turbo tax A taxpayer that files the amended return on paper must write “Section 108(i) Election” on the top of the first page. Military turbo tax A taxpayer that files the amended return electronically should indicate “Section 108(i) Election” on the return. Military turbo tax See Publication 4163, Modernized e-File (MeF) Information for Authorized IRS e-file Providers for Business Returns Tax Year 2008 for more details. Military turbo tax SECTION 8. Military turbo tax PAPERWORK REDUCTION ACT The collection of information contained in this revenue procedure has been reviewed and approved by the Office of Management and Budget in accordance with the Paperwork Reduction Act (44 U. Military turbo tax S. Military turbo tax C. Military turbo tax 3507) under control number 1545-2147. Military turbo tax An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless the collection of information displays a valid OMB control number. Military turbo tax The collection of information in this revenue procedure is in sections 4, 5 and 7. Military turbo tax This information is required to determine the amount of income and deductions a taxpayer elects to defer and to track those amounts until the taxpayer has reported all deferred income and deductions on the taxpayer’s tax return. Military turbo tax This information will be used during examination to verify that a taxpayer has correctly deferred income and deductions. Military turbo tax The collection of information is required to obtain a benefit. Military turbo tax The likely respondents are C corporations, shareholders of S corporations, partners of partnerships, and other individuals engaged in a trade or business, that reacquire applicable debt instruments in 2009 or 2010. Military turbo tax The estimated total annual reporting burden is 300,000 hours. Military turbo tax The estimated annual burden per respondent varies from 1 to 8 hours, depending on individual circumstances, with an estimated average of 6 hours. Military turbo tax The estimated number of respondents is 50,000. Military turbo tax Books or records relating to a collection of information must be retained as long as their contents may become material in the administration of any internal revenue law. Military turbo tax Generally, tax returns and return information are confidential, as required by § 6103. Military turbo tax DRAFTING INFORMATION The principal authors of this revenue procedure are Megan A. Military turbo tax Stoner of the Office of Associate Chief Counsel (Passthroughs & Special Industries) and Craig Wojay of the Office of Associate Chief Counsel (Income Tax & Accounting). Military turbo tax For further information regarding this revenue procedure, contact Megan A. Military turbo tax Stoner at (202) 622-3070 for questions involving partnerships and S corporations, William E. Military turbo tax Blanchard at (202) 622-3950 for questions involving OID, Ronald M. Military turbo tax Gootzeit at (202) 622-3860 for questions involving foreign entities, Robert Rhyne at (202) 622-7790 for questions involving earnings and profits and consolidated groups, and Craig Wojay at (202) 622-4920 for questions on § 108(i) generally (not toll-free calls). Military turbo tax Prev  Up  Next   Home   More Internal Revenue Bulletins
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The Military Turbo Tax

Military turbo tax 8. Military turbo tax   Dividendos y Otras Distribuciones Table of Contents Recordatorio Introduction Useful Items - You may want to see: Información GeneralDividendos no declarados en el Formulario 1099-DIV. Military turbo tax Cómo se le informa del impuesto retenido. Military turbo tax Nominatarios. Military turbo tax Dividendos OrdinariosDividendos Calificados Dividendos Utilizados para la Compra de más Acciones Fondos de Inversión del Mercado Monetario Distribuciones de Ganancias de CapitalAjuste a la base. Military turbo tax Distribuciones que no son DividendosDistribuciones de Liquidación Distribuciones de Acciones y Derechos a Acciones Otras DistribucionesRequisito de declarar ciertos datos. Military turbo tax Tratamiento del impuesto mínimo alternativo. Military turbo tax Cómo Declarar el Ingreso de DividendosDeducción de los intereses de inversiones. Military turbo tax Recordatorio Ingresos de fuentes en el extranjero. Military turbo tax  Si es ciudadano de los Estados Unidos con ingresos por concepto de dividendos de fuentes fuera de los Estados Unidos (ingresos del extranjero), tiene que declarar todos estos ingresos en la declaración de impuestos a menos que sean ingresos exentos por las leyes de los EE. Military turbo tax UU. Military turbo tax Esto es cierto independientemente de si reside dentro o fuera de los EE. Military turbo tax UU. Military turbo tax y si recibe o no el Formulario 1099 de un pagador extranjero. Military turbo tax Introduction Este capítulo explica el trato tributario que se le da a: Dividendos ordinarios, Distribuciones de ganancias de capital, Distribuciones que no sean dividendos y Otras distribuciones que pueda recibir de una sociedad anónima o de un fondo mutuo. Military turbo tax Este capítulo también explica cómo se declara el ingreso de dividendos en su declaración de impuestos. Military turbo tax Los dividendos son distribuciones de dinero, acciones u otras clases de bienes que le paga a usted una sociedad anónima o fondo mutuo. Military turbo tax Puede recibir también dividendos a través de una sociedad colectiva, un caudal hereditario, un fideicomiso o una asociación a la que se le gravan impuestos como a una sociedad anónima. Military turbo tax Sin embargo, algunas cantidades recibidas por usted y denominadas dividendos, son de hecho ingresos de intereses. Military turbo tax Vea Dividendos que en realidad son intereses , bajo Intereses Sujetos a Impuestos, en el capítulo 7. Military turbo tax La mayoría de las distribuciones se pagan en efectivo (o con cheque). Military turbo tax No obstante, las distribuciones pueden consistir en más acciones, derechos de suscripción de acciones u otros bienes o servicios adicionales. Military turbo tax Useful Items - You may want to see: Publicación 514 Foreign Tax Credit for Individuals (Crédito por impuestos del extranjero para personas físicas), en inglés 550 Investment Income and Expenses (Ingresos y gastos de inversiones), en inglés Formulario (e Instrucciones) Anexo B (Formulario 1040A o 1040) Interest and Ordinary Dividends (Intereses y dividendos ordinarios), en inglés Información General Esta sección explica las reglas generales sobre ingresos de dividendos. Military turbo tax Impuesto sobre ingresos no derivados del trabajo de determinados hijos. Military turbo tax   El impuesto sobre una parte del ingreso no derivado del trabajo recibido por un hijo en 2013 puede ser tributado a la tasa impositiva correspondiente de los padres. Military turbo tax Si es así, tiene que completar el Formulario 8615, Tax for Certain Children Who Have Unearned Income (Impuestos para determinados hijos que tienen ingresos no derivados del trabajo), en inglés, y adjuntarlo a la declaración de impuestos del hijo. Military turbo tax Si no es así, no se requiere el Formulario 8615 y los ingresos del menor están sujetos a la tasa impositiva que le corresponde. Military turbo tax       Algunos padres o madres pueden optar por incluir los intereses y dividendos del hijo en la declaración de impuestos del padre o la madre si se cumplen ciertos requisitos. Military turbo tax Si puede, utilice el Formulario 8814, Parents' Election To Report Child's Interest and Dividends (Elección del padre o de la madre de declarar los intereses y dividendos de un hijo), en inglés, para este propósito. Military turbo tax   Si desea obtener más información sobre el impuesto sobre los ingresos no derivados del trabajo de un hijo y la elección de los padres, vea el capítulo 31. Military turbo tax Beneficiario de un caudal hereditario o fideicomiso. Military turbo tax    Los dividendos y otras distribuciones que reciba como beneficiario de un caudal hereditario o de un fideicomiso por lo general se consideran ingresos tributables. Military turbo tax El fiduciario debería enviarle un Anexo K-1 (Formulario 1041), Beneficiary's Share of Income, Deductions, Credits, etc. Military turbo tax (Parte del ingreso, deducciones, créditos, etc. Military turbo tax , de un beneficiario), en inglés. Military turbo tax Su copia del Anexo K-1 (Formulario 1041) e instrucciones le indicarán dónde debe declarar los ingresos en el Formulario 1040. Military turbo tax Número de Seguro Social (SSN, por sus siglas en inglés) o número de identificación de contribuyente individual (ITIN por sus siglas en inglés). Military turbo tax    Tiene que darle su nombre y número de Seguro Social (o su número de identificación de contribuyente individual (ITIN, por sus siglas en inglés)) a toda persona que esté obligada por la ley federal de impuestos a expedir una declaración, un informe u otro documento relacionado con usted. Military turbo tax Esto incluye las entidades que pagan dividendos. Military turbo tax Es posible que tenga que pagar una multa si no le proporciona su número de Seguro Social o su número de identificación de contribuyente individual (ITIN) a la entidad que paga los dividendos. Military turbo tax Para obtener más información sobre los números de Seguro Social y los números de identificación de contribuyente individual, vea Número de Seguro Social en el capítulo 1. Military turbo tax Retención adicional. Military turbo tax   El ingreso de dividendos por lo general no está sujeto a la retención normal. Military turbo tax Sin embargo, podría estar sujeto a la retención adicional de impuestos para asegurar que el impuesto sobre el ingreso sea recaudado sobre ese ingreso. Military turbo tax Conforme a la retención adicional de impuestos, la entidad que paga los dividendos tiene que retener impuestos sobre los ingresos de la cantidad que le paga a usted, aplicándo la tasa de retención correspondiente. Military turbo tax   También puede requerirse una retención adicional de impuestos si el IRS ha determinado que usted ha declarado una cantidad inferior de ingresos de intereses o dividendos de lo que dn verdad recibió. Military turbo tax Para más información, vea Retención Adicional , en el capítulo 4. Military turbo tax Certificado de acciones a nombre de dos o más personas. Military turbo tax   Si dos o más personas tienen acciones de propiedad conjunta, propiedad en tenencia conyugal o propiedad en tenencia común, la parte de los dividendos de las acciones que le corresponde a cada persona está determinada por las leyes locales. Military turbo tax Formulario 1099-DIV. Military turbo tax   La mayoría de las sociedades anónimas y fondos mutuos usan el Formulario 1099-DIV, Dividends and Distributions (Dividendos y distribuciones), en inglés, para informarle de las distribuciones que recibió de ellas durante el año. Military turbo tax Guarde este formulario con su documentación. Military turbo tax No tiene que adjuntar el formulario a su declaración de impuestos. Military turbo tax Dividendos no declarados en el Formulario 1099-DIV. Military turbo tax   Aun si no recibe el Formulario 1099-DIV, tendrá que declarar todos sus ingresos de dividendos sujetos a impuestos. Military turbo tax Por ejemplo, podría recibir acciones repartidas de dividendos de sociedades colectivas o de sociedades anónimas de tipo S. Military turbo tax A usted se le informa de dichos dividendos en el Anexo K-1 (del Formulario 1065), Partner's Share of Income, Deductions, Credits, etc. Military turbo tax (Parte de los ingresos, deducciones, créditos, etc. Military turbo tax , correspondiente al socio), en inglés, y en el Anexo K-1 (del Formulario 1120S), Shareholder's Share of Income, Deductions, Credits, etc. Military turbo tax (Parte de los ingresos, deducciones, créditos, etc. Military turbo tax , correspondiente al accionista), en inglés. Military turbo tax Cómo se le informa del impuesto retenido. Military turbo tax   Si se le retienen impuestos sobre su ingreso de dividendos, el pagador tiene que darle un Formulario 1099-DIV que indica la cantidad retenida. Military turbo tax Nominatarios. Military turbo tax   Si alguien recibe distribuciones como nominatario suyo, esa persona le dará un Formulario 1099-DIV que indicará las distribuciones recibidas en nombre de usted. Military turbo tax Formulario 1099-MISC. Military turbo tax   A usted se le tiene que informar de ciertos pagos sustitutivos en lugar de dividendos o intereses exentos de impuestos que recibe de un agente corredor bursátil en su nombre en el Formulario 1099-MISC, Miscellaneous Income (Ingresos misceláneos), en inglés, o en un documento similar. Military turbo tax Vea Reporting Substitute Payments (Cómo informar de pagos sustitutivos), bajo Short Sales (Ventas a corto al descubierto), en el capítulo 4 de la Publicación 550, en inglés, para más información sobre cómo informar de estos pagos. Military turbo tax Cantidad incorrecta que aparece en un Formulario 1099. Military turbo tax   Si recibe un Formulario 1099 que indica una cantidad incorrecta (u otra información incorrecta), debe pedirle a la persona que le dio el formulario que le envíe otro formulario corregido. Military turbo tax En el nuevo Formulario 1099 que recibirá aparecerá la palabra “ Corrected ” (Corregido). Military turbo tax Dividendos de acciones vendidas. Military turbo tax   Si se venden o intercambian acciones, o si se enajenan de otra manera después de que se declare un dividendo pero antes de ser pagado, el dueño oficial (usualmente la persona a quien se le expide el cheque de dividendos) tiene que incluir el dividendo en sus ingresos. Military turbo tax Dividendos recibidos en enero. Military turbo tax   A usted se le considera que ha recibido un dividendo el 31 de diciembre si un fondo mutuo (u otra compañía de inversiones reglamentada) o una sociedad de inversión inmobiliaria (REIT, por sus siglas en inglés) declara un dividendo (incluyendo todo dividendo que produzca intereses exentos o una distribución de ganancias de capital) en octubre, noviembre o diciembre, pagadero a los accionistas oficiales en una fecha de uno de estos meses, pero que realmente paga el dividendo durante enero del próximo año calendario. Military turbo tax Usted tiene que declarar el dividendo en el año en que fue declarado. Military turbo tax Dividendos Ordinarios Los dividendos ordinarios (sujetos a impuestos) son la distribución más común hecha por una sociedad anónima o un fondo mutuo. Military turbo tax Se pagan usando ingresos y ganancias y son considerados ingresos ordinarios para usted. Military turbo tax Esto significa que no son ganancias de capital. Military turbo tax Puede suponer que todo dividendo que reciba de acciones comunes o preferentes es un dividendo ordinario a menos que la sociedad anónima o el fondo mutuo que efectúa el pago le indique lo contrario. Military turbo tax Los dividendos ordinarios se muestran en el recuadro 1a del Formulario 1099-DIV que usted reciba. Military turbo tax Dividendos Calificados Los dividendos calificados son los dividendos ordinarios sujetos a la misma tasa impositiva máxima del 0%, 15% o 20% que corresponde a las ganancias netas de capital. Military turbo tax Deben indicarse en el recuadro 1b del Formulario 1099-DIV que reciba. Military turbo tax La tasa máxima del impuesto sobre los dividendos calificados es: 0% sobre toda cantidad que de otro modo se le impondrían impuestos a una tasa del 10% o del 15%. Military turbo tax 15% sobre toda cantidad que de otro modo se le impondrían impuestos a tasas mayores de 15%, pero menores de 39. Military turbo tax 6%. Military turbo tax 20% sobre toda cantidad que de otro modo se le impondrían impuestos a una tasa de 39. Military turbo tax 6%. Military turbo tax Para tener derecho a la tasa impositiva máxima, todos los requisitos siguientes tienen que cumplirse: Los dividendos tienen que haber sido pagados por una sociedad anónima estadounidense o una sociedad anónima extranjera calificada. Military turbo tax Vea Sociedad anónima extranjera calificada , más adelante. Military turbo tax Los dividendos no tienen la misma clasificación que aquéllos incluidos más adelante bajo Dividendos que no son dividendos calificados . Military turbo tax Usted cumple el período de tenencia (tema que se explica a continuación). Military turbo tax Período de tenencia. Military turbo tax   Usted tiene que haber tenido las acciones por más de 60 días durante el período de 121 días que comienza 60 días antes de la fecha del ex dividendo. Military turbo tax La fecha del ex dividendo es la primera fecha que sigue a la declaración del dividendo en la cual el comprador de las acciones no tiene derecho a recibir el siguiente pago de dividendos. Military turbo tax En su lugar, el vendedor recibirá el dividendo. Military turbo tax   Cuando cuente el número de días que tuvo las acciones, incluya el día en que enajenó las acciones, pero no el día en que las adquirió. Military turbo tax Vea los ejemplos más adelante. Military turbo tax Excepción para acciones preferentes. Military turbo tax   En el caso de acciones preferentes, tiene que haber tenido las acciones por más de 90 días durante el período de 181 días que comienza 90 días antes de la fecha del ex dividendo, si los dividendos se deben a períodos cuyo total es más de 366 días. Military turbo tax Si los dividendos preferentes se deben a períodos cuyo total es menos de 367 días, les corresponde el período de tenencia del párrafo anterior. Military turbo tax Ejemplo 1. Military turbo tax Usted compró 5,000 acciones ordinarias de la Compañía XYZ el 9 de julio de 2013. Military turbo tax La Compañía XYZ pagó un dividendo en efectivo de 10 centavos por cada acción. Military turbo tax La fecha del ex dividendo fue el 16 de julio de 2013. Military turbo tax El Formulario 1099-DIV de la Compañía XYZ muestra $500 en el recuadro 1a (dividendos ordinarios) y en el recuadro 1b (dividendos calificados). Military turbo tax No obstante, usted vendió las 5,000 acciones el 12 de agosto de 2013. Military turbo tax Tuvo las acciones de la Compañía XYZ por sólo 34 días del período de 121 días (desde el 10 de julio de 2013 hasta el 12 de agosto de 2013). Military turbo tax El período de 121 días comenzó el 17 de mayo de 2013 (60 días antes de la fecha del ex dividendo) y terminó el 14 de septiembre de 2013. Military turbo tax Usted no tiene dividendos calificados de la Compañía XYZ porque tuvo las acciones de la compañía por menos de 61 días. Military turbo tax Ejemplo 2. Military turbo tax Suponga que los hechos son los mismos que en el Ejemplo 1, excepto que compró las acciones el 15 de julio de 2013 (el día antes de la fecha del ex dividendo) y vendió las acciones el 16 de septiembre de 2013. Military turbo tax Usted tuvo las acciones por 63 días (desde el 16 de julio de 2013 hasta el 16 de septiembre de 2013). Military turbo tax Los $500 de dividendos calificados mostrados en el recuadro 1b del Formulario 1099-DIV son en su totalidad dividendos calificados porque tuvo las acciones por 61 días del período de 121 días (desde el 16 de julio de 2013 hasta el 14 de septiembre de 2013). Military turbo tax Ejemplo 3. Military turbo tax Usted compró 10,000 acciones ordinarias del Fondo Mutuo ABC el 9 de julio de 2013. Military turbo tax El Fondo Mutuo ABC pagó un dividendo en efectivo de 10 centavos por cada acción. Military turbo tax La fecha del ex dividendo fue el 16 de julio de 2013. Military turbo tax El Fondo Mutuo ABC le informa que la parte del dividendo que puede ser tratada como dividendos calificados equivale a 2 centavos por cada acción. Military turbo tax El Formulario 1099-DIV del Fondo Mutuo ABC muestra dividendos ordinarios de $1,000 y dividendos calificados de $200. Military turbo tax Sin embargo, usted vendió las 10,000 acciones el 12 de agosto de 2013. Military turbo tax No tiene dividendos calificados del Fondo Mutuo ABC porque tuvo las acciones del Fondo Mutuo ABC menos de 61 días. Military turbo tax Reducción del período de tenencia cuando disminuya el riesgo de pérdida. Military turbo tax   Al determinar si usted cumplió el período mínimo de tenencia del que se habló anteriormente, no puede contar ningún día durante el cual se cumpliera alguna de las situaciones siguientes: Tuvo una opción para vender, estaba bajo obligación por contrato de venta o había hecho (pero no cerrado) una venta al descubierto de acciones o valores sustancialmente iguales. Military turbo tax Era el otorgante (girador) de una opción de compra de acciones o valores bursátiles sustancialmente iguales. Military turbo tax Su riesgo de pérdida disminuye por tener una o más posiciones en bienes sustancialmente iguales o afines. Military turbo tax   Para información sobre cómo aplicar la condición (3), vea la sección 1. Military turbo tax 246-5 de los Reglamentos. Military turbo tax Sociedad anónima extranjera calificada. Military turbo tax   Una sociedad anónima extranjera es una compañía extranjera calificada si cumple alguna de las siguientes condiciones: La sociedad anónima está incorporada (constituida legalmente) en un territorio de los Estados Unidos. Military turbo tax La sociedad anónima reúne los requisitos para recibir los beneficios de un tratado amplio de impuestos sobre el ingreso con los Estados Unidos que el Departamento del Tesoro considere satisfactorio para este propósito y que incluya un programa de intercambio de información. Military turbo tax Para una lista de estos tratados, vea la Tabla 8-1. Military turbo tax La sociedad anónima no cumple las condiciones (1) o (2) anteriores, pero las acciones por las cuales se paga el dividendo son comercializables en un mercado de valores bursátiles establecido en los Estados Unidos. Military turbo tax Vea Acciones comercializables listadas , más adelante. Military turbo tax Excepción. Military turbo tax   Una sociedad anónima no es una sociedad anónima extranjera calificada si es una compañía extranjera de inversiones pasivas durante el año tributario en el cual se pagan los dividendos o durante el año tributario anterior. Military turbo tax Acciones comercializables listadas. Military turbo tax   Todas las acciones (tales como acciones comunes, ordinarias o preferentes) o recibos de depósito estadounidenses respecto a esas acciones, satisfacen el requisito (3), mencionado anteriormente bajo Sociedad anónima extranjera calificada , si se listan (cotizan) en una bolsa de valores nacional que está inscrita conforme a la sección 6 de la Securities Exchange Act (Ley de la Bolsa de Valores) de 1934 o en el Mercado de Valores Nasdaq. Military turbo tax Si desea ver una lista de las bolsas que reúnen estos requisitos, vea www. Military turbo tax sec. Military turbo tax gov/divisions/marketreg/mrexchanges. Military turbo tax shtml, en inglés. Military turbo tax Dividendos que no son dividendos calificados. Military turbo tax   Los dividendos enumerados a continuación no son dividendos calificados. Military turbo tax No son dividendos calificados aunque se encuentren indicados en el recuadro 1b del Formulario 1099-DIV. Military turbo tax Distribuciones de ganancias de capital. Military turbo tax Dividendos pagados sobre depósitos en cajas mutuas de ahorros, bancos cooperativos, cooperativas de crédito, asociaciones de crédito a la construcción estadounidenses, asociaciones de préstamo y ahorro estadounidenses, asociaciones federales de préstamo y ahorro e instituciones financieras similares. Military turbo tax Declare estos ingresos como ingreso de intereses. Military turbo tax Dividendos de una sociedad anónima que es una organización exenta de impuestos o una cooperativa agrícola durante el año tributario de la sociedad anónima en el cual se pagaron los dividendos o durante el año tributable anterior de la sociedad anónima. Military turbo tax Dividendos pagados por una sociedad anónima sobre valores bursátiles del empleador tenidos en la fecha de registro por un plan de compra de acciones para empleados (ESOP, por sus siglas en inglés) mantenido por esa sociedad anónima. Military turbo tax Dividendos sobre acciones hasta el punto que usted esté obligado (ya sea por venta al descubierto o de otra manera) a hacer pagos afines por posiciones en bienes sustancialmente similares o relacionados. Military turbo tax Pagos en lugar de dividendos, pero sólo si usted sabe o tiene razón de saber que los pagos no son dividendos calificados. Military turbo tax Pagos mostrados en el recuadro 1b del Formulario 1099-DIV, provenientes de una sociedad anónima extranjera hasta el punto que usted sepa o tenga razón de saber que los pagos no son dividendos calificados. Military turbo tax Tabla 8-1. Military turbo tax Tratados de Impuestos sobre los Ingresos Los tratados de impuestos sobre los ingresos que los Estados Unidos tiene con los siguientes países cumplen la condición (2) bajo Sociedad anónima extranjera calificada. Military turbo tax       Australia India Reino Austria Indonesia Unido Alemania Irlanda República Bangladesh Islandia Checa Barbados Israel República Bélgica Italia Eslovaca Bulgaria Jamaica Rumania Canadá Japón Sri Lanka China Kazajstán Suecia Chipre Letonia Suiza Corea Lituania Sudáfrica Dinamarca Luxemburgo Tailandia Egipto Malta Trinidad y Eslovenia Marruecos Tobago España México Túnez Estonia Noruega Turquía Federación Nueva Ucrania Rusa Zelandia Venezuela Filipinas Países Bajos (Holanda)   Finlandia Paquistán   Francia Polonia   Grecia Portugal   Hungría       Dividendos Utilizados para la Compra de más Acciones La sociedad anónima en la cual usted tiene acciones podría tener un plan para la reinversión de dividendos. Military turbo tax Tales planes le permiten optar por el uso de sus dividendos para comprar (por medio de un agente) más acciones en la sociedad anónima en vez de recibir los dividendos en efectivo. Military turbo tax La mayoría de los fondos de inversión también permiten a los accionistas reinvertir automáticamente las distribuciones para comprar más acciones en el fondo en lugar de recibir dinero en efectivo. Military turbo tax Si utiliza los dividendos para comprar más acciones al precio justo de mercado, todavía tiene que declarar los dividendos como ingreso. Military turbo tax Si es miembro de un plan de reinversión de dividendos que le permite comprar más acciones a un precio menor del precio justo de mercado, tiene que declarar como ingreso de dividendos el valor justo de mercado de las acciones adicionales el día del pago de los dividendos. Military turbo tax También tiene que declarar como ingreso de dividendos todos los cargos por servicios restados de sus dividendos en efectivo antes de que los dividendos sean utilizados para comprar acciones adicionales. Military turbo tax Pero tal vez pueda deducir el cargo por servicios. Military turbo tax Vea el capítulo 28 para más información sobre la deducción de gastos relativos a la producción de ingresos. Military turbo tax En algunos planes de reinversión de dividendos, se puede invertir más efectivo para comprar acciones a un precio menor del valor justo de mercado. Military turbo tax Si elige hacer esto, tiene que declarar como ingreso de dividendos la diferencia entre el efectivo que invierte y el valor justo de mercado de las acciones que compra. Military turbo tax Al calcular esta cantidad, utilice el valor justo de mercado de las acciones el día del pago del dividendo. Military turbo tax Fondos de Inversión del Mercado Monetario Declare las cantidades que reciba de fondos de inversión del mercado monetario como ingreso de dividendos. Military turbo tax Los fondos de inversión del mercado monetario son una clase de fondo mutuo y no deben ser confundidos con cuentas bancarias del mercado monetario que pagan intereses. Military turbo tax Distribuciones de Ganancias de Capital Las distribuciones de ganancias de capital (se denominan también dividendos de ganancias de capital) le son pagadas a usted o acreditadas a su cuenta por fondos mutuos (u otras sociedades inversionistas reglamentadas) y sociedades de inversión inmobiliaria (REIT, por sus siglas en inglés). Military turbo tax Estas distribuciones se mostrarán en el recuadro 2a del Formulario 1099-DIV que recibe del fondo mutuo o de la sociedad de inversión inmobiliaria. Military turbo tax Declare las distribuciones de ganancias de capital como ganancias de capital a largo plazo independientemente de cuánto tiempo usted haya tenido las acciones en el fondo mutuo o en la sociedad de inversión inmobiliaria. Military turbo tax Ganancias de capital no distribuidas provenientes de fondos mutuos y sociedades de inversión inmobiliaria. Military turbo tax    Algunos fondos mutuos y sociedades de inversión inmobiliaria retienen sus ganancias de capital a largo plazo y pagan impuesto sobre ellas. Military turbo tax Tiene que tratar su parte de estas ganancias como distribuciones, aunque en realidad no las reciba. Military turbo tax Sin embargo, éstas no se incluyen en el Formulario 1099-DIV. Military turbo tax En lugar de esto, a usted se le informa de dichas ganancias en el recuadro 1a del Formulario 2439 (en inglés). Military turbo tax   Declare las ganancias de capital no distribuidas (recuadro 1a del Formulario 2439) como ganancias de capital a largo plazo en la columna (h) en la línea 11 del Anexo D (Formulario 1040). Military turbo tax   Los impuestos pagados sobre estas ganancias por el fondo mutuo o la sociedad de inversión inmobiliaria se pueden ver en el recuadro 2 del Formulario 2439. Military turbo tax Para que el pago de dichos impuestos se le acredite a usted, anótelos en la línea 71 del Formulario 1040 y marque el recuadro “ a ” en esa línea. Military turbo tax Adjunte la Copia B del Formulario 2439 a su declaración y mantenga la Copia C para sus archivos. Military turbo tax Ajuste a la base. Military turbo tax   Aumente la base del fondo mutuo o sus intereses en una sociedad de inversión inmobiliaria por la diferencia entre la ganancia que declare y la cantidad de impuesto pagado que se le acredite a usted. Military turbo tax Información adicional. Military turbo tax   Para más información sobre el trato dado a las distribuciones de fondos mutuos, vea la Publicación 550, en inglés. Military turbo tax Distribuciones que no son Dividendos Una distribución que no sea en forma de dividendo es una distribución que no se paga de los ingresos y ganancias de una sociedad anónima o un fondo mutuo. Military turbo tax Usted debe recibir un Formulario 1099-DIV u otro estado de cuentas mostrándole la distribución que no sea en forma de dividendo. Military turbo tax En el Formulario 1099-DIV, una distribución que no sea en forma de dividendo se mostrará en el recuadro 3. Military turbo tax Si no recibe tal estado de cuentas, declare la distribución como un dividendo ordinario. Military turbo tax Ajuste a la base. Military turbo tax   Una distribución que no sea en forma de dividendo reduce la base de sus acciones. Military turbo tax No se le gravan impuestos hasta que su base en las acciones se recupere por completo. Military turbo tax Esta parte no sujeta a impuestos también se denomina rendimiento de capital. Military turbo tax Es un rendimiento de la inversión en las acciones de la empresa. Military turbo tax Si compra acciones de una sociedad anónima en lotes diferentes y en diferentes ocasiones y no puede identificar definitivamente las acciones sujetas a las distribuciones que no sean en forma de dividendos, reduzca la base de las acciones que compró primero. Military turbo tax   Cuando la base de las acciones haya sido reducida a cero, declare como una ganancia de capital toda distribución adicional que reciba que no sea en forma de dividendos. Military turbo tax Dependiendo de cuánto tiempo haya tenido las acciones, las declara como una ganancia de capital a largo plazo o como una ganancia de capital a corto plazo. Military turbo tax Vea el tema titulado Período de Tenencia , en el capítulo 14. Military turbo tax Ejemplo. Military turbo tax Usted compró acciones en el año 2000 por $100. Military turbo tax En el año 2003, recibió una distribución que no es dividendo de $80. Military turbo tax No incluyó esta cantidad en su ingreso, pero redujo la base de las acciones a $20. Military turbo tax Recibió una distribución que no es dividendo de $30 en el año 2013. Military turbo tax Los primeros $20 de esta cantidad redujeron su base a cero. Military turbo tax Usted declara los otros $10 como ganancia de capital a largo plazo para el año 2013. Military turbo tax Debe declarar como ganancia de capital a largo plazo toda distribución sobre estas acciones que no sea en forma de dividendo que reciba en los siguientes años. Military turbo tax Distribuciones de Liquidación Las distribuciones de liquidación, a veces conocidas como dividendos de liquidación, son distribuciones que se reciben durante una liquidación parcial o completa de una sociedad anónima. Military turbo tax Estas distribuciones son, por lo menos en parte, un tipo de rendimiento del capital. Military turbo tax Pueden pagarse en uno o más plazos. Military turbo tax Usted recibirá un Formulario 1099-DIV de la sociedad anónima mostrándole la cantidad de una distribución de liquidación en el recuadro 8 ó 9. Military turbo tax Para más información sobre las distribuciones de liquidación, vea el capítulo 1 de la Publicación 550, en inglés. Military turbo tax Distribuciones de Acciones y Derechos a Acciones Las distribuciones hechas por una sociedad anónima de sus propias acciones son comúnmente conocidas como dividendos de acciones. Military turbo tax Los derechos a acciones (también conocidos como “opción de compra de acciones”) son distribuciones hechas por una sociedad anónima de derechos para adquirir acciones de la misma. Military turbo tax Por lo general, los dividendos de acciones y los derechos a acciones no están sujetos a impuestos para usted y no los declara en la declaración de impuestos. Military turbo tax Dividendos de acciones y derechos a acciones sujetos a impuestos. Military turbo tax   Las distribuciones de dividendos de acciones y de derechos a acciones están sujetas a impuestos en su caso si se cumple alguna de las siguientes condiciones: Usted o algún otro accionista tiene la opción de recibir dinero en efectivo u otros bienes en vez de recibir acciones o derechos a acciones. Military turbo tax La distribución les da dinero en efectivo u otra propiedad a algunos accionistas y un aumento en el porcentaje de intereses en los bienes o ingresos y ganancias de la sociedad anónima a otros accionistas. Military turbo tax La distribución se puede convertir en acciones preferentes y tiene el mismo resultado que en el punto (2). Military turbo tax La distribución les da acciones preferentes a algunos accionistas dueños de acciones comunes y les da acciones comunes a otros accionistas dueños de acciones comunes. Military turbo tax La distribución es sobre acciones prefe- rentes. Military turbo tax Sin embargo, la distribución no está sujeta a impuestos si es un aumento en la proporción de conversión de las acciones preferentes convertibles hecho solamente para tener en cuenta un dividendo de acciones, un cambio proporcional en la cantidad de acciones de una sociedad anónima o un suceso similar que de otra manera resultaría en la reducción del derecho de conversión. Military turbo tax   El término “acciones” incluye el derecho de adquirir acciones y el término “accionista” incluye al tenedor de derechos o de valores bursátiles convertibles. Military turbo tax Si usted recibe dividendos de acciones o derechos a acciones sujetos a impuesto, incluya en sus ingresos el valor justo de mercado en la fecha de distribución. Military turbo tax Acciones preferentes rescatables por una prima. Military turbo tax   Si tiene acciones preferentes a un precio de rescate más alto que su precio de emisión, la diferencia (la prima de rescate) generalmente está sujeta a impuestos por concepto de una distribución implícita de acciones adicionales sobre acciones preferentes. Military turbo tax Para más información, vea el capítulo 1 de la Publicación 550, en inglés. Military turbo tax Base. Military turbo tax   La base en acciones o derechos a acciones recibidas en una distribución tributable es el valor justo de mercado en el momento que fueron distribuidas. Military turbo tax Si recibe acciones o derechos a acciones que no son tributables a usted, vea el tema titulado Stocks and Bonds (Acciones y bonos) bajo Basis of Investment Property (Base de bienes de inversión), en el capítulo 4 de la Publicación 550, en inglés, para más información sobre cómo calcular la base. Military turbo tax Acciones fraccionarias. Military turbo tax    Es posible que no posea suficientes acciones en una sociedad anónima para recibir una participación completa de las acciones si la sociedad anónima declara un dividendo de acciones. Military turbo tax Sin embargo, con la aprobación de los accionistas, la sociedad anónima podría establecer un plan mediante el cual las acciones fraccionarias no sean emitidas sino que sean vendidas y las ganancias en efectivo se entreguen a los accionistas. Military turbo tax Todo efectivo que reciba por acciones fraccionarias bajo tal clase de plan se considera una cantidad realizada en la venta de las acciones fraccionarias. Military turbo tax Declare esta transacción en el Formulario 8949, Sales and Other Dispositions of Capital Assets (Ventas y otras enajenaciones de bienes de capital), en inglés. Military turbo tax Anote su ganancia o pérdida, la diferencia entre el efectivo que usted recibe y la base de las acciones fraccionarias vendidas en la columna (h) del Anexo D (Formulario 1040) en la Parte I o Parte II, la que corresponda. Military turbo tax    Declare esta transacción en el Formulario 8949 marcando el recuadro correcto. Military turbo tax   Para más información sobre el Formulario 8949 y el Anexo D (Formulario 1040), vea el capítulo 4 de la Publicación 550. Military turbo tax También vea las instrucciones para el Formulario 8949 y las instruccinoes para el Anexo D (Formulario 1040). Military turbo tax Ejemplo. Military turbo tax Usted es dueño de una acción común que compró el 3 de enero de 2004 por $100. Military turbo tax La sociedad anónima declaró un dividendo de acciones comunes del 5% el 29 de junio de 2013. Military turbo tax El valor justo de mercado de las acciones en el momento en que se declaró el dividendo de acciones era $200. Military turbo tax A usted le pagaron $10 por el dividendo de acciones fraccionarias bajo un plan descrito en la sección titulada Acciones fraccionarias. Military turbo tax Usted calcula su ganancia o pérdida de la manera siguiente: Valor justo de mercado de las acciones antiguas $200. Military turbo tax 00 Valor justo de mercado del dividendo de acciones (efectivo recibido) +10. Military turbo tax 00 Valor justo de mercado de las acciones antiguas y del dividendo de acciones $210. Military turbo tax 00 Base (costo) de las acciones antiguas después del dividendo de acciones (($200 ÷ $210) × $100) $95. Military turbo tax 24 Base (costo) del dividendo de acciones (($10 ÷ $210) × $100) + 4. Military turbo tax 76 Total $100. Military turbo tax 00 Efectivo recibido $10. Military turbo tax 00 Base (costo) del dividendo de acciones − 4. Military turbo tax 76 Ganancia $5. Military turbo tax 24 Debido a que había tenido la acción por más de 1 año en el momento en que se declaró el dividendo de acciones, su ganancia en el dividendo de acciones es una ganancia de capital a largo plazo. Military turbo tax Certificado de dividendo diferido. Military turbo tax   Una sociedad anónima que declara un dividendo de acciones podría emitirle a usted un certificado de dividendo de acciones diferido que le da el derecho a acciones fraccionarias. Military turbo tax El certificado no suele estar sujeto a impuestos cuando usted lo recibe. Military turbo tax Si elige que la sociedad anónima venda el certificado por usted y le entregue las ganancias, su ganancia o pérdida es la diferencia entre las ganancias y la parte de su base en las acciones de la sociedad anónima asignada en el certificado. Military turbo tax   No obstante, si recibe un certificado de dividendo de acciones diferido y puede optar por rescatarlo por efectivo en vez de acciones, el certificado está sujeto a impuestos cuando lo reciba. Military turbo tax Tiene que incluir en sus ingresos el valor justo de mercado del certificado en la fecha en que lo recibió. Military turbo tax Otras Distribuciones Usted podría recibir alguna de las siguientes distribuciones durante el año. Military turbo tax Dividendos con intereses exentos. Military turbo tax   Los dividendos que producen intereses exentos de impuestos que recibe de un fondo mutuo u otra compañía de inversiones reglamentada, incluyendo aquellos recibidos de un fondo calificado en cualquier año tributario que comience después del 22 de diciembre del 2010, no se incluyen en los ingresos sujetos a impuestos. Military turbo tax Los dividendos con intereses exentos deben aparecer en el recuadro 10 del Formulario 1099-DIV. Military turbo tax Requisito de declarar ciertos datos. Military turbo tax   Aunque los dividendos con intereses exentos no están sujetos a impuestos, tiene que informar de los mismos en la declaración de impuestos si tiene que presentar una declaración. Military turbo tax Esto es un requisito de declarar datos y no hace que dichos dividendos con intereses exentos se cambien a ingresos sujetos a impuestos. Military turbo tax Tratamiento del impuesto mínimo alternativo. Military turbo tax   Los dividendos que produzcan intereses exentos y que se hayan pagado de bonos de actividad privada especificados podrían estar sujetos al impuesto mínimo alternativo. Military turbo tax Vea el tema titulado Impuesto Mínimo Alternativo (AMT) en el capítulo 30 para más información. Military turbo tax Dividendos de pólizas de seguro. Military turbo tax    Los dividendos de pólizas de seguro que el asegurador retiene y utiliza para pagar sus primas no están sujetos a impuestos. Military turbo tax No obstante, tiene que declarar como ingreso de intereses sujeto a impuestos los intereses que se paguen o acrediten sobre los dividendos dejados con la compañía de seguros. Military turbo tax    Si los dividendos de un contrato de seguros (que no sea un contrato de seguro dotal modificado) le son distribuidos a usted, éstos son una devolución parcial de las primas que usted pagó. Military turbo tax No los incluya en su ingreso bruto hasta que sean mayores al total de todas las primas netas que usted pagó por el contrato. Military turbo tax Declare todas las distribuciones sujetas a impuestos de pólizas de seguro en la línea 21 del Formulario 1040. Military turbo tax Dividendos del seguro para veteranos. Military turbo tax   Los dividendos que reciba de pólizas de seguro para veteranos no están sujetos a impuestos. Military turbo tax Además, los intereses de dividendos dejados en depósito con el Department of Veterans Affairs (Departamento de Asuntos de Veteranos) no están sujetos a impuestos. Military turbo tax Dividendos de patrocinio. Military turbo tax   Generalmente, los dividendos de patrocinio que reciba en dinero de una organización cooperativa están incluidos en sus ingresos. Military turbo tax   No incluya en sus ingresos dividendos de patrocinio que reciba por: Propiedad comprada para uso personal o Bienes de capital o propiedad depreciable comprados para uso en su negocio. Military turbo tax Pero tiene que reducir la base (costo) de los artículos comprados. Military turbo tax Si el dividendo es mayor a la base ajustada de los bienes, deberá declarar el exceso como ingreso. Military turbo tax   Estas reglas son las mismas independientemente de si la cooperativa que paga el dividendo es una cooperativa sujeta a impuestos o no. Military turbo tax Dividendos del Alaska Permanent Fund (Fondo Permanente de Alaska). Military turbo tax    No declare las cantidades que reciba del Alaska Permanent Fund como dividendos. Military turbo tax Declare estas cantidades en la línea 21 del Formulario 1040, la línea 13 del Formulario 1040A o la línea 3 del Formulario 1040EZ. Military turbo tax Cómo Declarar el Ingreso de Dividendos Por lo general, se puede utilizar el Formulario 1040 o el Formulario 1040A para declarar el ingreso de dividendos. Military turbo tax Declare el total de sus dividendos ordinarios en la línea 9a del Formulario 1040 o del Formulario 1040A. Military turbo tax Declare los dividendos calificados en la línea 9b del Formulario 1040 o el Formulario 1040A. Military turbo tax Si recibe una distribución de ganancias de capital, quizás pueda utilizar el Formulario 1040A o quizás tenga que utilizar el Formulario 1040. Military turbo tax Vea Excepciones a la presentación del Formulario 8949 y el Anexo D (Formulario 1040) , en el capítulo 16. Military turbo tax Si recibe distribuciones que no son dividendos pero que deben declararse como ganancias de capital, tendrá que utilizar el Formulario 1040. Military turbo tax No puede utilizar el Formulario 1040EZ si recibe ingresos de dividendos. Military turbo tax Formulario 1099-DIV. Military turbo tax   Si era dueño de acciones por las cuales ha recibido $10 o más por concepto de dividendos y otras distribuciones, deberá recibir un Formulario 1099-DIV. Military turbo tax Aun si no recibe un Formulario 1099-DIV, tiene que declarar todo su ingreso de dividendos. Military turbo tax   Vea el Formulario 1099-DIV para más información sobre cómo declarar el ingreso de dividendos. Military turbo tax Formulario 1040A o 1040. Military turbo tax    Tiene que completar la Parte II del Anexo B (Formulario 1040A o 1040) y adjuntarlo al Formulario 1040A o 1040, si: Sus dividendos ordinarios (el recuadro 1a del Formulario 1099-DIV) son mayores de $1,500 o Recibió, como nominatario, dividendos que en realidad le pertenecen a otra persona. Military turbo tax Si sus dividendos ordinarios son mayores de $1,500, usted también tiene que completar la Parte III del Anexo B (Formulario 1040 o 1040A). Military turbo tax   Escriba en la línea 5, Parte II del Anexo B, el nombre de cada pagador y los dividendos ordinarios que usted recibió. Military turbo tax Si sus valores bursátiles están a nombre de una empresa de corretaje (conocido en inglés como “ street name ”), escriba el nombre de la empresa de corretaje mostrado en el Formulario 1099-DIV como pagador. Military turbo tax Si sus acciones están a nombre de un nominatario que es el titular registrado, y el nominatario es el que le acredita o paga a usted los dividendos de las acciones, escriba el nombre del nominatario y los dividendos que recibió o que le fueron acreditados. Military turbo tax   Anote en la línea 6 el total de las cantidades que aparecen en la línea 5. Military turbo tax Anote también este total en la línea 9a del Formulario 1040 o del Formulario 1040A. Military turbo tax Dividendos calificados. Military turbo tax   Declare los dividendos calificados (el recuadro 1b del Formulario 1099-DIV) en la línea 9b del Formulario 1040 o del Formulario 1040A. Military turbo tax La cantidad del recuadro 1b ya se incluye en el recuadro 1a. Military turbo tax No añada ni reste la cantidad del recuadro 1b a la cantidad del recuadro 1a. Military turbo tax    No incluya ninguno de los siguientes en la línea 9b: Dividendos calificados que recibió como nominatario. Military turbo tax Vea el tema titulado Nominees (Nominatarios), bajo How to Report Dividend Income (Cómo se declara el ingreso de dividendos), en el capítulo 1 de la Publicación 550, en inglés. Military turbo tax Dividendos de acciones por las cuales usted no cumplió el período de tenencia. Military turbo tax Vea el tema titulado Período de tenencia , anteriormente, bajo la sección titulada Dividendos Calificados. Military turbo tax Dividendos sobre todas las acciones hasta el punto que usted esté obligado (ya sea por venta al descubierto o de otra manera) a hacer pagos afines por posiciones en bienes sustancialmente similares o relacionados. Military turbo tax Pagos en lugar de dividendos, pero sólo si usted sabe o tiene razón de saber que los pagos no son dividendos calificados. Military turbo tax Pagos mostrados en el recuadro 1b del Formulario 1099-DIV de una sociedad anónima extranjera hasta el punto donde sepa o tenga razón de saber que los pagos no son dividendos calificados. Military turbo tax   Si tiene dividendos calificados, tiene que calcular el impuesto completando la hoja Qualified Dividends and Capital Gain Tax Worksheet (Hoja de trabajo de impuestos sobre dividendos calificados y ganancias de capital) de las Instrucciones para el Formulario 1040 o el Formulario 1040A, o Schedule D Tax Worksheet (Hoja de trabajo de impuestos del Anexo D) de las Instrucciones del Anexo D del Formulario 1040, en inglés, según corresponda. Military turbo tax Anote los dividendos calificados en la línea 2 de la hoja de trabajo. Military turbo tax Deducción de los intereses de inversiones. Military turbo tax   Si declara una deducción por intereses de inversiones, quizás tenga que reducir sus dividendos que cumplan los requisitos de la tasa impositiva del 0%, 15% o 20%. Military turbo tax Redúzcala por la cantidad de dividendos calificados que elija incluir en el ingreso de inversiones al calcular el límite de la deducción de los intereses de inversiones. Military turbo tax Esto se hace en la hoja Qualified Dividends and Capital Gain Tax Worksheet (Hoja de trabajo de impuestos sobre dividendos calificados y ganancias de capital) o en la hoja Schedule D Tax Worksheet (Hoja de trabajo de impuestos del Anexo D). Military turbo tax Para más información sobre el límite de intereses de inversión, vea Gastos de inversión en el capítulo 23. Military turbo tax Gastos relacionados con el ingreso de dividendos. Military turbo tax   Es posible que pueda deducir los gastos relacionados con el ingreso de dividendos si detalla sus deducciones en el Anexo A (Formulario 1040). Military turbo tax Vea el capítulo 28 para obtener información general sobre la deducción de gastos relativos a la producción de ingresos. Military turbo tax Más información. Military turbo tax    Para más información sobre cómo declarar el ingreso de dividendos, vea el capítulo 1 de la Publicación 550, en inglés, o las instrucciones para el formulario que tiene que presentar. 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