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State Efile

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State Efile

State efile Index Symbols 10% additional tax, Early Distributions Tax, Age 59½ Rule, Additional 10% tax 2-year rule SIMPLE IRAs, Two-year rule. State efile 20% withholding, Other withholding rules. State efile 5-year rule, 5-year rule. State efile , Death before required beginning date. State efile 6% excise tax on excess contributions to Roth IRAs, What if You Contribute Too Much? 60-day period for rollovers, Time Limit for Making a Rollover Contribution A Account balance, IRA account balance. State efile Additional taxes, What Acts Result in Penalties or Additional Taxes?, Additional 10% tax (see also Penalties) Reporting, Reporting Additional Taxes Adjusted gross income (AGI), Modified adjusted gross income (AGI). State efile , Modified AGI. State efile (see also Modified adjusted gross income (AGI)) Retirement savings contributions credit, Adjusted gross income. State efile Age 50 Contributions, General Limit Age 59 1/2 rule, Age 59½ Rule Age 70 1/2 rule, Age 70½ rule. State efile Required minimum distributions, Distributions after the required beginning date. State efile Age limit Traditional IRA, When Can Contributions Be Made? Airline payments, Rollover of Airline Payments Alimony, Alimony and separate maintenance. State efile Annuity contracts, Annuity or endowment contracts. State efile Borrowing on, Borrowing on an annuity contract. State efile Distribution from insurance company, Annuity distributions from an insurance company. State efile Distribution from IRA account, Distribution of an annuity contract from your IRA account. State efile Early distributions, Annuity. State efile Assistance (see Tax help) B Basis Inherited IRAs, IRA with basis. State efile Roth IRAs, Basis of distributed property. State efile Traditional IRAs, Cost basis. State efile Beginning date, required, Distributions after the required beginning date. State efile Beneficiaries, IRA Beneficiaries, Death before required beginning date. State efile Change of, Change of beneficiary. State efile Death of beneficiary, Death of a beneficiary. State efile Early distributions to, Beneficiary. State efile Individual as, Beneficiary an individual. State efile More than one, More than one beneficiary. State efile , Multiple individual beneficiaries. State efile Not an individual, Beneficiary not an individual. State efile Roth IRAs, Distributions to beneficiaries. State efile Sole beneficiary spouse more than 10 years younger, Sole beneficiary spouse who is more than 10 years younger. State efile Bond purchase plans Rollovers from, Rollover from bond purchase plan. State efile Bonds, retirement (see Individual retirement bonds) Broker's commissions, Brokers' commissions. State efile , Brokers' commissions. State efile C Change in marital status, Change in marital status. State efile Change of beneficiary, Change of beneficiary. State efile Charitable distributions, qualified, Qualified charitable distributions. State efile Collectibles, Investment in Collectibles, Collectibles. State efile Community property, Community property laws. State efile Compensation Alimony, Alimony and separate maintenance. State efile Defined, What Is Compensation? Nontaxable combat pay, Nontaxable combat pay. State efile Self-employment, Self-employment loss. State efile Wages, salaries, etc. State efile , Wages, salaries, etc. State efile Conduit IRAs, IRA as a holding account (conduit IRA) for rollovers to other eligible plans. State efile Contribution limits More than one IRA, More than one IRA. State efile Contributions Designating the year, Designating year for which contribution is made. State efile Distributions in same year as, Both contributions for 2013 and distributions in 2013. State efile Excess (see Excess contributions) Less than maximum, Less Than Maximum Contributions Matching (SIMPLE), Matching contributions. State efile Nondeductible (see Nondeductible contributions) Not required, Contributions not required. State efile Qualified reservist repayments, Qualified reservist repayments. State efile Recharacterizing (see Recharacterization) Retirement savings contributions credit, Eligible contributions. State efile Roth IRAs, Can You Contribute to a Roth IRA?, Applying excess contributions. State efile SIMPLE plans, How Are Contributions Made?, How Much Can Be Contributed on Your Behalf? Traditional IRAs, How Much Can Be Contributed?, More Than Maximum Contributions When to contribute, When Can Contributions Be Made? Withdrawing before due date of return, Contributions Returned Before Due Date of Return Conversions From SIMPLE IRAs, Converting from a SIMPLE IRA. State efile To Roth IRAs, Conversions Credits Retirement savings contributions credit, Retirement Savings Contributions Credit (Saver's Credit), How to figure and report the credit. State efile D Death of beneficiary, Death of a beneficiary. State efile Deductions Figuring reduced IRA deduction, How To Figure Your Reduced IRA Deduction Phaseout, Deduction Phaseout Traditional IRAs, How Much Can You Deduct?, Examples — Worksheet for Reduced IRA Deduction for 2013 Deemed IRAs, Reminders, Reminders Defined benefit plans, Defined benefit plan. State efile Defined contribution plans, Defined contribution plan. State efile Disabilities, persons with Early distributions to, Disabled. State efile Distributions After required beginning date, Distributions after the required beginning date. State efile Age 59 1/2 rule, Age 59½ Rule Beneficiaries (see Beneficiaries) Contributions in same year as, Both contributions for 2013 and distributions in 2013. State efile Delivered outside U. State efile S. State efile , IRA distributions delivered outside the United States. State efile Figuring nontaxable and taxable amounts, Figuring the Nontaxable and Taxable Amounts From individual retirement accounts, Distributions from individual retirement account. State efile From individual retirement annuities, Distributions from individual retirement annuities. State efile Fully or partly taxable, Distributions Fully or Partly Taxable Income from, Income from IRA distributions. State efile Inherited IRAs (see Inherited IRAs) Insufficient, Excess Accumulations (Insufficient Distributions) Qualified charitable, Qualified charitable distributions. State efile Qualified HSA funding, One-time qualified HSA funding distribution. State efile Qualified reservist, Qualified reservist distributions. State efile Roth IRAs, Are Distributions Taxable?, How Do You Figure the Taxable Part? Ordering rules for, Ordering Rules for Distributions Recapture amount, Figuring your recapture amount. State efile SIMPLE IRAs, Are Distributions Taxable? Taxable status of, Are Distributions Taxable? Divorce Rollovers by former spouse, Distributions under divorce or similar proceedings (alternate payees). State efile Transfers incident to, Transfers Incident To Divorce E Early distributions, What Acts Result in Penalties or Additional Taxes?, Early Distributions, Nondeductible contributions. State efile (see also Penalties) Age 59 1/2 rule, Age 59½ Rule Defined, Early distributions defined. State efile Disability exception, Disabled. State efile First-time homebuyers, exception, First home. State efile Higher education expenses, exception, Higher education expenses. State efile Medical insurance, exception, Medical insurance. State efile Roth IRAs, Additional Tax on Early Distributions SIMPLE IRAs, Additional Tax on Early Distributions Tax, Early Distributions Tax Unreimbursed medical expenses, exception, Unreimbursed medical expenses. State efile Education expenses, Higher education expenses. State efile Employer and employee association trust accounts, Employer and Employee Association Trust Accounts Employer plans Covered by, Covered by an employer retirement plan. State efile Year(s) covered, For Which Year(s) Are You Covered? Employer retirement plans, Are You Covered by an Employer Plan? Defined benefit plans, Defined benefit plan. State efile Defined contribution plans, Defined contribution plan. State efile Effect of modified AGI on deduction (Table 1-2), Table 1-2. State efile Effect of Modified AGI1 on Deduction if You Are Covered by a Retirement Plan at Work Limit if covered by, Limit if Covered by Employer Plan Prohibited transactions, Trust account set up by an employer or an employee association. State efile Endowment contracts (see Annuity contracts) Estate tax, Estate tax. State efile Deduction for inherited IRAs, Federal estate tax deduction. State efile Excess accumulations, Excess Accumulations (Insufficient Distributions), Make up of shortfall in distribution. State efile Roth IRAs, Distributions After Owner's Death Excess contributions, Excess Contributions Closed tax year, Closed tax year. State efile Deducted in earlier year, Excess contribution deducted in an earlier year. State efile Deducting in a later year, Deducting an Excess Contribution in a Later Year Due to incorrect rollover information, Excess due to incorrect rollover information. State efile Recharacterizing, Recharacterizing excess contributions. State efile Roth IRAs, What if You Contribute Too Much? Tax, Excess Contributions Tax Withdrawn after due date of return, Excess Contributions Withdrawn After Due Date of Return Withdrawn by due date of return, Excess Contributions Withdrawn by Due Date of Return Exempt transactions, Exempt Transactions Exxon Valdez settlement income, Rollover of Exxon Valdez Settlement Income , Rollover of Exxon Valdez Settlement Income F Failed financial institutions, Failed financial institutions. State efile Federal judges, Federal judges. State efile Fiduciaries Prohibited transactions, Fiduciary. State efile Filing before IRA contribution is made, Filing before a contribution is made. State efile Filing status, Filing Status Deduction phaseout and, Filing status. State efile Firefighters, volunteer, Volunteer firefighters. State efile First-time homebuyers, First home. State efile Five-year rule (see 5-year rule) Form 1040 Modified AGI calculation from, Form 1040. State efile , Form 1040NR. State efile Form 1040A Modified AGI calculation from, Form 1040A. State efile Form 1099-R, Reporting and Withholding Requirements for Taxable Amounts Distribution code 1 used on, Form 5329 not required. State efile Letter codes used on, Letter codes. State efile Number codes used on, Number codes. State efile Withdrawal of excess contribution, Form 1099-R. State efile Form 5329, Additional 10% tax, Reporting the tax. State efile , Reporting Additional Taxes Recapture tax, Recapture tax for changes in distribution method under equal payment exception. State efile Form 8606, Form 8606. State efile , Form 8606. State efile , Reporting your nontaxable distribution on Form 8606. State efile , Figuring the Nontaxable and Taxable Amounts Failure to file, penalty, Penalty for failure to file Form 8606. State efile Form 8880, How to figure and report the credit. State efile Form W-2 Employer retirement plans, Are You Covered by an Employer Plan? Free tax services, Free help with your tax return. State efile Frozen deposits, Frozen deposit. State efile Full-time student Retirement savings contributions credit, Full-time student. State efile H Help (see Tax help) Higher education expenses, Higher education expenses. State efile How to Set up an IRA, How Can a Traditional IRA Be Opened? Treat withdrawn contributions, How to treat withdrawn contributions. State efile HSA funding distributions, qualified, One-time qualified HSA funding distribution. State efile I Individual retirement accounts, Individual Retirement Account Distributions from, Distributions from individual retirement account. State efile Individual retirement annuities, Individual Retirement Annuity Distributions from, Distributions from individual retirement annuities. State efile Individual retirement arrangements (IRAs) How to set up, How Can a Traditional IRA Be Opened? When to set up, When Can a Traditional IRA Be Opened? Individual retirement bonds, Individual Retirement Bonds Cashing in, Cashing in retirement bonds. State efile Inherited IRAs, What if You Inherit an IRA?, More information. State efile Rollovers, Inherited IRAs. State efile Insufficient distributions, Excess Accumulations (Insufficient Distributions) Interest on IRA, Reminders Investment in collectibles Collectibles defined, Collectibles. State efile Exception, Exception. State efile K Kay Bailey Hutchison Spousal IRAs Contribution limits, Kay Bailey Hutchison Spousal IRA Limit Deductions, Kay Bailey Hutchison Spousal IRA. State efile Roth IRA contribution limits, Can you contribute to a Roth IRA for your spouse? Keogh plans Rollovers from, Keogh plans and rollovers. State efile L Last-in first-out rule, Last-in first-out rule. State efile Life expectancy, Life expectancy. State efile Life insurance, Life insurance contract. State efile Losses Roth IRAs, Recognizing Losses on Investments Traditional IRAs, Recognizing Losses on Traditional IRA Investments M Marital status, change in, Change in marital status. State efile Matching contributions (SIMPLE), Matching contributions. State efile Medical expenses, unreimbursed, Unreimbursed medical expenses. State efile Medical insurance, Medical insurance. State efile Military death gratuities, Military Death Gratuities and Servicemembers' Group Life Insurance (SGLI) Payments Minimum distribution (see Required minimum distribution) Missing children, photographs of, Reminders Modified adjusted gross income (AGI) Employer retirement plan coverage and deduction (Table 1-2), Table 1-2. State efile Effect of Modified AGI1 on Deduction if You Are Covered by a Retirement Plan at Work Figuring (Worksheet 1-1), Worksheet 1-1. State efile Figuring Your Modified AGI No employer retirement plan coverage and deduction (Table 1-3), Table 1-3. State efile Effect of Modified AGI1 on Deduction if You Are NOT Covered by a Retirement Plan at Work Roth IRAs, Modified AGI. State efile Effect on contribution amount (Table 2-1), Table 2-1. State efile Effect of Modified AGI on Roth IRA Contribution More than one beneficiary, More than one beneficiary. State efile More than one IRA, More than one IRA. State efile Recharacterization, More than one IRA. State efile Required minimum distribution, More than one IRA. State efile N Nondeductible contributions, Nondeductible Contributions, Nondeductible contributions. State efile Failure to report, Failure to report nondeductible contributions. State efile Overstatement penalty, Penalty for overstatement. State efile Notice Qualified employer plan to provide prior to rollover distribution, Written explanation to recipients. State efile Rollovers, Rollover notice. State efile P Partial rollovers, Partial rollovers. State efile , Partial rollover. State efile Penalties, What Acts Result in Penalties or Additional Taxes?, Form 5329 not required. State efile Early distributions, Early Distributions, Nondeductible contributions. State efile Excess accumulations, Excess Accumulations (Insufficient Distributions), Make up of shortfall in distribution. State efile Excess contributions, Excess Contributions Roth IRAs, What if You Contribute Too Much? Exempt transactions, Exempt Transactions, Services received at reduced or no cost. State efile Failure to file Form 8606, Penalty for failure to file Form 8606. State efile Overstatement of nondeductible contributions, Penalty for overstatement. State efile Prohibited transactions, Prohibited Transactions, Services received at reduced or no cost. State efile Reporting, Reporting Additional Taxes SIMPLE IRAs, Additional Tax on Early Distributions Phaseout of deduction, Deduction Phaseout Pledging account as security, Pledging an account as security. State efile Prohibited transactions, Prohibited Transactions, Services received at reduced or no cost. State efile Taxes on, Taxes on prohibited transactions. State efile Publications (see Tax help) Q Qualified charitable distributions, Qualified charitable distributions. State efile Qualified domestic relations orders (QDROs), Qualified domestic relations order. State efile Qualified settlement income, Rollover of Exxon Valdez Settlement Income , Rollover of Exxon Valdez Settlement Income R Recapture tax Changes in distribution method, Recapture tax for changes in distribution method under equal payment exception. State efile Receivership distributions, Receivership distributions. State efile Recharacterization, Recharacterizations, More than one IRA. State efile Determining amount of net income due to contribution and total amount to be recharacterized (Worksheet 1-3), Worksheet 1-3. State efile Determining the Amount of Net Income Due To an IRA Contribution and Total Amount To Be Recharacterized Reporting, Reporting a Recharacterization SIMPLE employer contributions, Recharacterizing employer contributions. State efile Timing of, Timing. State efile Reconversion, Reconversions Recordkeeping requirements Traditional IRAs, Nondeductible Contributions Reporting Additional taxes, Reporting Additional Taxes Deductible contributions, Reporting Deductible Contributions Nontaxable distribution on Form 8606, Reporting your nontaxable distribution on Form 8606. State efile Recharacterization, Reporting a Recharacterization Rollovers From employer plans, Reporting rollovers from employer plans. State efile From IRAs, Reporting rollovers from IRAs. State efile Taxable amounts, Reporting and Withholding Requirements for Taxable Amounts Taxable distributions, Reporting taxable distributions on your return. State efile Required beginning date, Distributions after the required beginning date. State efile Required minimum distribution, Reminders, When Must You Withdraw Assets? (Required Minimum Distributions), Annuity distributions from an insurance company. State efile Distribution period, Distribution period. State efile During lifetime, Distributions during your lifetime. State efile Figuring, Figuring the Owner's Required Minimum Distribution For beneficiary, Figuring the Beneficiary's Required Minimum Distribution Table to use, Which Table Do You Use To Determine Your Required Minimum Distribution? In year of owner's death, Distributions in the year of the owner's death. State efile Installments allowed, Installments allowed. State efile More than one IRA, More than one IRA. State efile Sole beneficiary spouse who is more than 10 years younger, Sole beneficiary spouse who is more than 10 years younger. State efile Reservists, Reservists. State efile Qualified reservist distribution, Qualified reservist distributions. State efile Qualified reservist repayments, Qualified reservist repayments. State efile Retirement bonds (see Individual retirement bonds) Retirement savings contributions credit, Retirement Savings Contributions Credit (Saver's Credit), How to figure and report the credit. State efile Rollovers, Rollovers, Reporting rollovers from employer plans. State efile Airline payments, Rollover of Airline Payments Amount, Amount. State efile Choosing an option (Table 1-5), Table 1-5. State efile Comparison of Payment to You Versus Direct Rollover Completed after 60-day period, Rollovers completed after the 60-day period. State efile Conduit IRAs, IRA as a holding account (conduit IRA) for rollovers to other eligible plans. State efile Direct rollover option, Direct rollover option. State efile Extension of period, Extension of rollover period. State efile From bond purchase plan, Rollover from bond purchase plan. State efile From employer's plan into a Roth IRA, Rollover From Employer's Plan Into a Roth IRA From employer's plan into an IRA, Rollover From Employer's Plan Into an IRA From Keogh plans, Keogh plans and rollovers. State efile From one IRA into another, Rollover From One IRA Into Another From Roth IRAs, Rollover From a Roth IRA From traditional IRA, Kinds of rollovers from a traditional IRA. State efile Inherited IRAs, Inherited IRAs. State efile Nonspouse beneficiary, Rollover by nonspouse beneficiary. State efile Notice, Rollover notice. State efile Partial, Partial rollovers. State efile , Partial rollover. State efile SIMPLE IRAs, Rollovers and Transfers Exception Tax treatment of rollover from traditional IRA to eligible retirement plan other than an IRA, Tax treatment of a rollover from a traditional IRA to an eligible retirement plan other than an IRA. State efile Time limit, Time Limit for Making a Rollover Contribution To Roth IRAs, Conversion methods. State efile To traditional IRA, Kinds of rollovers to a traditional IRA. State efile Waiting period between, Waiting period between rollovers. State efile , No waiting period between rollovers. State efile Withholding (see Withholding) Roth IRAs, Roth IRAs, Distributions After Owner's Death Age limit, Is there an age limit for contributions? Contribution limit reduced, Contribution limit reduced. State efile Contributions, Can You Contribute to a Roth IRA?, Applying excess contributions. State efile Timing of, When Can You Make Contributions? To traditional IRAs and to Roth IRAs, Roth IRAs and traditional IRAs. State efile Conversion, Converting From Any Traditional IRA Into a Roth IRA, Conversion by rollover from traditional to Roth IRA. State efile , Recharacterizing to a SEP IRA or SIMPLE IRA. State efile , Conversions Defined, What Is a Roth IRA? Distributions, Are Distributions Taxable?, How Do You Figure the Taxable Part? After death of owner, Distributions After Owner's Death Insufficient, Distributions After Owner's Death Ordering rules for, Ordering Rules for Distributions Early distributions, Additional Tax on Early Distributions Excess accumulations, Distributions After Owner's Death Excess contributions, What if You Contribute Too Much? Figuring taxable part, How Do You Figure the Taxable Part? Losses, Recognizing Losses on Investments Modified AGI Effect on contribution amount (Table 2-1), Table 2-1. State efile Effect of Modified AGI on Roth IRA Contribution Figuring (Worksheet 2-1), Worksheet 2-1. State efile Modified Adjusted Gross Income for Roth IRA Purposes Rollovers from, Rollover From a Roth IRA Setting up, When Can a Roth IRA Be Opened? Spouse, Can you contribute to a Roth IRA for your spouse? Traditional IRAs converted into, Converting From Any Traditional IRA Into a Roth IRA Withdrawing or using assets, Must You Withdraw or Use Assets? S Salary reduction arrangement, What Is a SIMPLE Plan? Savings Incentive Match Plans for Employees (see SIMPLE IRAs) Section 501(c)(18) plan, General Limit, Kay Bailey Hutchison Spousal IRA Limit Self-employed persons Deductible contributions, Self-employed. State efile Income of, Self-employment income. State efile SIMPLE plans, Self-employed individual. State efile SEP IRAs Recharacterizing to, Recharacterizing to a SEP IRA or SIMPLE IRA. State efile Separated taxpayers Filing status of, Lived apart from spouse. State efile Servicemembers group life insurance, Military Death Gratuities and Servicemembers' Group Life Insurance (SGLI) Payments Services received at reduced or no cost, Services received at reduced or no cost. State efile SIMPLE IRAs, Savings Incentive Match Plans for Employees (SIMPLE), Two-year rule. State efile Contributions, How Are Contributions Made?, How Much Can Be Contributed on Your Behalf? Conversion from, Converting from a SIMPLE IRA. State efile Distributions, Are Distributions Taxable? Early distributions, , Additional Tax on Early Distributions Eligible employees, Eligible Employees Penalties, Additional Tax on Early Distributions Recharacterizing to, Recharacterizing to a SEP IRA or SIMPLE IRA. State efile Rollovers, Rollovers and Transfers Exception Salary reduction contribution limits, Salary reduction contributions limit. State efile Self-employed persons, Self-employed individual. State efile SIMPLE plan, defined, What Is a SIMPLE Plan? Traditional IRA, mistakenly moved to, Traditional IRA mistakenly moved to SIMPLE IRA. State efile , Traditional IRA mistakenly moved to SIMPLE IRA. State efile Two-year rule, Two-year rule. State efile Withdrawing or using assets, When Can You Withdraw or Use Assets? Simplified employee pensions (SEPs), Simplified Employee Pension (SEP) Social Security recipients, Social Security Recipients Spousal IRAs (see Kay Bailey Hutchison Spousal IRAs or Inherited IRAs) Students Education expenses, Higher education expenses. State efile Retirement savings contributions credit, Full-time student. State efile Surviving spouse, Surviving spouse. State efile , Surviving spouse. State efile Rollovers by, Distributions received by a surviving spouse. State efile T Tables Modified AGI Employer retirement plan coverage and deduction (Table 1-2), Table 1-2. State efile Effect of Modified AGI1 on Deduction if You Are Covered by a Retirement Plan at Work No employer retirement plan coverage and deduction (Table 1-3), Table 1-3. State efile Effect of Modified AGI1 on Deduction if You Are NOT Covered by a Retirement Plan at Work Roth IRAs, effect on contribution (Table 2-1), Table 2-1. State efile Effect of Modified AGI on Roth IRA Contribution Rollover vs. State efile direct payment to taxpayer (Table 1-5), Table 1-5. State efile Comparison of Payment to You Versus Direct Rollover Using this publication (Table I-1), Table I-1. State efile Using This Publication Tax advantages of IRAs, What are some tax advantages of an IRA? Tax credits Retirement savings contributions credit, Retirement Savings Contributions Credit (Saver's Credit), How to figure and report the credit. State efile Tax help, How To Get Tax Help Tax year, Tax year. State efile Tax-sheltered annuities Rollovers from, Distribution from a tax-sheltered annuity. State efile Traditional IRAs, Traditional IRAs, Form 5329 not required. State efile Age 59 1/2 rule, Age 59½ Rule Contribution limits, How Much Can Be Contributed?, More Than Maximum Contributions Contributions, How Much Can Be Contributed?, More Than Maximum Contributions Due date, Contributions must be made by due date. State efile To Roth IRAs and to traditional IRAs, Roth IRAs and traditional IRAs. State efile Converting into Roth IRA, Converting From Any Traditional IRA Into a Roth IRA Cost basis, Cost basis. State efile Deductions, How Much Can You Deduct?, Examples — Worksheet for Reduced IRA Deduction for 2013 Defined, Introduction Disclosures, Required Disclosures Excess contributions, Excess Contributions Inherited IRAs, What if You Inherit an IRA?, More information. State efile Loss of IRA status, Loss of IRA status. State efile Losses, Recognizing Losses on Traditional IRA Investments Mistakenly moved to SIMPLE IRA, Traditional IRA mistakenly moved to SIMPLE IRA. State efile , Traditional IRA mistakenly moved to SIMPLE IRA. State efile Recordkeeping, Nondeductible Contributions Reduced IRA deduction for 2013, Examples — Worksheet for Reduced IRA Deduction for 2013 Rollovers (see Rollovers) Setting up, Who Can Open a Traditional IRA?, Required Disclosures Social Security recipients, Social Security Recipients Transfers, Can You Move Retirement Plan Assets? Types of, Kinds of traditional IRAs. State efile Withdrawing or using assets, When Can You Withdraw or Use Assets?, Excess Contributions Tax Transfers, Can You Move Retirement Plan Assets? Divorce, Transfers Incident To Divorce To Roth IRAs, Transfers to Roth IRAs. State efile , Can You Move Amounts Into a Roth IRA? Trustee to trustee, Trustee-to-Trustee Transfer, Conversion methods. State efile Trustee-to-trustee transfers, Trustee-to-Trustee Transfer To Roth IRAs, Conversion methods. State efile Trustees' fees, Trustees' fees. State efile , Trustees' fees. State efile Trusts As beneficiary, Trust as beneficiary. State efile TTY/TDD information, How To Get Tax Help Two-year rule SIMPLE IRAs, Two-year rule. State efile U Unreimbursed medical expenses, Unreimbursed medical expenses. State efile V Volunteer firefighters, Volunteer firefighters. State efile W Withdrawing or using assets Contribution withdrawal, before due date of return, Contributions Returned Before Due Date of Return Roth IRAs, Must You Withdraw or Use Assets? SIMPLE IRAs, When Can You Withdraw or Use Assets? Traditional IRAs, When Can You Withdraw or Use Assets?, Excess Contributions Tax Withholding, Reporting and Withholding Requirements for Taxable Amounts, Withholding. State efile Direct rollover option, Withholding. State efile Eligible rollover distribution paid to taxpayer, Withholding requirement. State efile Worksheets Figuring amount of net income due to IRA contribution and total amount to be recharacterized (Worksheet 1-3), Worksheet 1-3. State efile Determining the Amount of Net Income Due To an IRA Contribution and Total Amount To Be Recharacterized Figuring modified AGI (Worksheet 1-1), Worksheet 1-1. State efile Figuring Your Modified AGI Roth IRAs Figuring modified AGI (Worksheet 2-1), Worksheet 2-1. State efile Modified Adjusted Gross Income for Roth IRA Purposes Prev  Up     Home   More Online Publications
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Government podcasts on subjects such as investor education, and social security.

The State Efile

State efile 4. State efile   Reporting Gains and Losses Table of Contents Introduction Topics - This chapter discusses: Useful Items - You may want to see: Information Returns Schedule D and Form 8949Long and Short Term Net Gain or Loss Treatment of Capital Losses Capital Gains Tax Rates Form 4797Mark-to-market election. State efile Introduction This chapter explains how to report capital gains and losses and ordinary gains and losses from sales, exchanges, and other dispositions of property. State efile Although this discussion refers to Schedule D (Form 1040) and Form 8949, many of the rules discussed here also apply to taxpayers other than individuals. State efile However, the rules for property held for personal use usually will not apply to taxpayers other than individuals. State efile Topics - This chapter discusses: Information returns Schedule D (Form 1040) Form 4797 Form 8949 Useful Items - You may want to see: Publication 550 Investment Income and Expenses 537 Installment Sales Form (and Instructions) Schedule D (Form 1040) Capital Gains and Losses 1099-B Proceeds From Broker and Barter Exchange Transactions 1099-S Proceeds From Real Estate Transactions 4684 Casualties and Thefts 4797 Sales of Business Property 6252 Installment Sale Income 6781 Gains and Losses from Section 1256 Contracts and Straddles 8824 Like-Kind Exchanges 8949 Sales and Other Dispositions of Capital Assets See chapter 5 for information about getting publications and forms. State efile Information Returns If you sell or exchange certain assets, you should receive an information return showing the proceeds of the sale. State efile This information is also provided to the IRS. State efile Form 1099-B. State efile   If you sold property, such as stocks, bonds, or certain commodities, through a broker, you should receive Form 1099-B, Proceeds From Broker and Barter Exchange Transactions, or a substitute statement from the broker. State efile Use the Form 1099-B or a substitute statement to complete Form 8949 and/or Schedule D. State efile Whether or not you receive 1099-B, you must report all taxable sales of stock, bonds, commodities, etc. State efile on Form 8949 and/or Schedule D, as applicable. State efile For more information on figuring gains and losses from these transactions, see chapter 4 in Publication 550. State efile For information on reporting the gains and losses, see the Instructions for Form 8949 and the Instructions for Schedule D (Form 1040). State efile Form 1099-S. State efile   An information return must be provided on certain real estate transactions. State efile Generally, the person responsible for closing the transaction (the “real estate reporting person”) must report on Form 1099-S sales or exchanges of the following types of property. State efile Land (improved or unimproved), including air space. State efile An inherently permanent structure, including any residential, commercial, or industrial building. State efile A condominium unit and its related fixtures and common elements (including land). State efile Stock in a cooperative housing corporation. State efile If you sold or exchanged any of the above types of property, the “real estate reporting person” must give you a copy of Form 1099-S or a statement containing the same information as the Form 1099-S. State efile The “real estate reporting person” could include the buyer's attorney, your attorney, the title or escrow company, a mortgage lender, your broker, the buyer's broker, or the person acquiring the biggest interest in the property. State efile   For more information see chapter 4 in Publication 550. State efile Also, see the Instructions for Form 8949. State efile Schedule D and Form 8949 Form 8949. State efile   Individuals, corporations, and partnerships, use Form 8949 to report the following. State efile    Sales or exchanges of capital assets, including stocks, bonds, etc. State efile , and real estate (if not reported on another form or schedule such as Form 4684, 4797, 6252, 6781, or 8824). State efile Include these transactions even if you did not receive a Form 1099-B or 1099-S. State efile Gains from involuntary conversions (other than from casualty or theft) of capital assets not held for business or profit. State efile Nonbusiness bad debts. State efile   Individuals, If you are filing a joint return, complete as many copies of Form 8949 as you need to report all of your and your spouse's transactions. State efile You and your spouse may list your transactions on separate forms or you may combine them. State efile However, you must include on your Schedule D the totals from all Forms 8949 for both you and your spouse. State efile    Corporations and electing large partnerships also use Form 8949 to report their share of gain or loss from a partnership, S Corporation, estate or trust. State efile   Business entities meeting certain criteria, may have an exception to some of the normal requirements for completing Form 8949. State efile See the Instructions for Form 8949. State efile Schedule D. State efile    Use Schedule D (Form 1040) to figure the overall gain or loss from transactions reported on Form 8949, and to report certain transactions you do not have to report on Form 8949. State efile Before completing Schedule D, you may have to complete other forms as shown below. State efile    Complete all applicable lines of Form 8949 before completing lines 1b, 2, 3, 8b, 9, or 10 of your applicable Schedule D. State efile Enter on Schedule D the combined totals from all your Forms 8949. State efile For a sale, exchange, or involuntary conversion of business property, complete Form 4797 (discussed later). State efile For a like-kind exchange, complete Form 8824. State efile See Reporting the exchange under Like-Kind Exchanges in chapter 1. State efile For an installment sale, complete Form 6252. State efile See Publication 537. State efile For an involuntary conversion due to casualty or theft, complete Form 4684. State efile See Publication 547, Casualties, Disasters, and Thefts. State efile For a disposition of an interest in, or property used in, an activity to which the at-risk rules apply, complete Form 6198, At-Risk Limitations. State efile See Publication 925, Passive Activity and At-Risk Rules. State efile For a disposition of an interest in, or property used in, a passive activity, complete Form 8582, Passive Activity Loss Limitations. State efile See Publication 925. State efile For gains and losses from section 1256 contracts and straddles, complete Form 6781. State efile See Publication 550. State efile Personal-use property. State efile   Report gain on the sale or exchange of property held for personal use (such as your home) on Form 8949 and Schedule D (Form 1040), as applicable. State efile Loss from the sale or exchange of property held for personal use is not deductible. State efile But if you had a loss from the sale or exchange of real estate held for personal use for which you received a Form 1099-S, report the transaction on Form 8949 and Schedule D, even though the loss is not deductible. State efile See the Instructions for Schedule D (Form 1040) and the Instructions for Form 8949 for information on how to report the transaction. State efile Long and Short Term Where you report a capital gain or loss depends on how long you own the asset before you sell or exchange it. State efile The time you own an asset before disposing of it is the holding period. State efile If you received a Form 1099-B, (or substitute statement) box 1c may help you determine whether the gain or loss is short-term or long-term. State efile If you hold a capital asset 1 year or less, the gain or loss from its disposition is short term. State efile Report it in Part I of Form 8949 and/or Schedule D, as applicable. State efile If you hold a capital asset longer than 1 year, the gain or loss from its disposition is long term. State efile Report it in Part II of Form 8949 and/or Schedule D, as applicable. State efile   Table 4-1. State efile Do I Have a Short-Term or Long-Term Gain or Loss? IF you hold the property. State efile . State efile . State efile  THEN you have a. State efile . State efile . State efile 1 year or less, Short-term capital gain or  loss. State efile More than 1 year, Long-term capital gain or  loss. State efile These distinctions are essential to correctly arrive at your net capital gain or loss. State efile Capital losses are allowed in full against capital gains plus up to $3,000 of ordinary income. State efile See Capital Gains Tax Rates, later. State efile Holding period. State efile   To figure if you held property longer than 1 year, start counting on the day following the day you acquired the property. State efile The day you disposed of the property is part of your holding period. State efile Example. State efile If you bought an asset on June 19, 2012, you should start counting on June 20, 2012. State efile If you sold the asset on June 19, 2013, your holding period is not longer than 1 year, but if you sold it on June 20, 2013, your holding period is longer than 1 year. State efile Patent property. State efile   If you dispose of patent property, you generally are considered to have held the property longer than 1 year, no matter how long you actually held it. State efile For more information, see Patents in chapter 2. State efile Inherited property. State efile   If you inherit property, you are considered to have held the property longer than 1 year, regardless of how long you actually held it. State efile Installment sale. State efile   The gain from an installment sale of an asset qualifying for long-term capital gain treatment in the year of sale continues to be long term in later tax years. State efile If it is short term in the year of sale, it continues to be short term when payments are received in later tax years. State efile    The date the installment payment is received determines the capital gains rate that should be applied not the date the asset was sold under an installment contract. State efile Nontaxable exchange. State efile   If you acquire an asset in exchange for another asset and your basis for the new asset is figured, in whole or in part, by using your basis in the old property, the holding period of the new property includes the holding period of the old property. State efile That is, it begins on the same day as your holding period for the old property. State efile Example. State efile You bought machinery on December 4, 2012. State efile On June 4, 2013, you traded this machinery for other machinery in a nontaxable exchange. State efile On December 5, 2013, you sold the machinery you got in the exchange. State efile Your holding period for this machinery began on December 5, 2012. State efile Therefore, you held it longer than 1 year. State efile Corporate liquidation. State efile   The holding period for property you receive in a liquidation generally starts on the day after you receive it if gain or loss is recognized. State efile Profit-sharing plan. State efile   The holding period of common stock withdrawn from a qualified contributory profit-sharing plan begins on the day following the day the plan trustee delivered the stock to the transfer agent with instructions to reissue the stock in your name. State efile Gift. State efile   If you receive a gift of property and your basis in it is figured using the donor's basis, your holding period includes the donor's holding period. State efile For more information on basis, see Publication 551, Basis of Assets. State efile Real property. State efile   To figure how long you held real property, start counting on the day after you received title to it or, if earlier, the day after you took possession of it and assumed the burdens and privileges of ownership. State efile   However, taking possession of real property under an option agreement is not enough to start the holding period. State efile The holding period cannot start until there is an actual contract of sale. State efile The holding period of the seller cannot end before that time. State efile Repossession. State efile   If you sell real property but keep a security interest in it and then later repossess it, your holding period for a later sale includes the period you held the property before the original sale, as well as the period after the repossession. State efile Your holding period does not include the time between the original sale and the repossession. State efile That is, it does not include the period during which the first buyer held the property. State efile Nonbusiness bad debts. State efile   Nonbusiness bad debts are short-term capital losses. State efile For information on nonbusiness bad debts, see chapter 4 of Publication 550. State efile    Net Gain or Loss The totals for short-term capital gains and losses and the totals for long-term capital gains and losses must be figured separately. State efile Net short-term capital gain or loss. State efile   Combine your short-term capital gains and losses, including your share of short-term capital gains or losses from partnerships, S corporations, and fiduciaries and any short-term capital loss carryover. State efile Do this by adding all your short-term capital gains. State efile Then add all your short-term capital losses. State efile Subtract the lesser total from the other. State efile The result is your net short-term capital gain or loss. State efile Net long-term capital gain or loss. State efile   Follow the same steps to combine your long-term capital gains and losses. State efile Include the following items. State efile Net section 1231 gain from Part I, Form 4797, after any adjustment for nonrecaptured section 1231 losses from prior tax years. State efile Capital gain distributions from regulated investment companies (mutual funds) and real estate investment trusts. State efile Your share of long-term capital gains or losses from partnerships, S corporations, and fiduciaries. State efile Any long-term capital loss carryover. State efile The result from combining these items with other long-term capital gains and losses is your net long-term capital gain or loss. State efile Net gain. State efile   If the total of your capital gains is more than the total of your capital losses, the difference is taxable. State efile Different tax rates may apply to the part that is a net capital gain. State efile See Capital Gains Tax Rates, later. State efile Net loss. State efile   If the total of your capital losses is more than the total of your capital gains, the difference is deductible. State efile But there are limits on how much loss you can deduct and when you can deduct it. State efile See Treatment of Capital Losses, next. State efile    Treatment of Capital Losses If your capital losses are more than your capital gains, you can deduct the difference as a capital loss deduction even if you do not have ordinary income to offset it. State efile The yearly limit on the amount of the capital loss you can deduct is $3,000 ($1,500 if you are married and file a separate return). State efile Table 4-2. State efile Holding Period for Different Types of Acquisitions Type of acquisition: When your holding period starts: Stocks and bonds bought on a securities market Day after trading date you bought security. State efile Ends on trading date you sold security. State efile U. State efile S. State efile Treasury notes and bonds If bought at auction, day after notification of bid acceptance. State efile If bought through subscription, day after subscription was submitted. State efile Nontaxable exchanges Day after date you acquired old property. State efile Gift If your basis is giver's adjusted basis, same day as giver's holding period began. State efile If your basis is FMV, day after date of gift. State efile Real property bought Generally, day after date you received title to the property. State efile Real property repossessed Day after date you originally received title to the property, but does not include time between the original sale and date of repossession. State efile Capital loss carryover. State efile   Generally, you have a capital loss carryover if either of the following situations applies to you. State efile Your net loss is more than the yearly limit. State efile Your taxable income without your deduction for exemptions is less than zero. State efile If either of these situations applies to you for 2013, see Capital Losses under Reporting Capital Gains and Losses in chapter 4 of Publication 550 to figure the amount you can carryover to 2014. State efile Example. State efile Bob and Gloria Sampson sold property in 2013. State efile The sale resulted in a capital loss of $7,000. State efile The Sampsons had no other capital transactions. State efile On their joint 2013 return, the Sampsons deduct $3,000, the yearly limit. State efile They had taxable income of $2,000. State efile The unused part of the loss, $4,000 ($7,000 − $3,000), is carried over to 2014. State efile If the Sampsons' capital loss had been $2,000, it would not have been more than the yearly limit. State efile Their capital loss deduction would have been $2,000. State efile They would have no carryover to 2014. State efile Short-term and long-term losses. State efile   When you carry over a loss, it retains its original character as either long term or short term. State efile A short-term loss you carry over to the next tax year is added to short-term losses occurring in that year. State efile A long-term loss you carry over to the next tax year is added to long-term losses occurring in that year. State efile A long-term capital loss you carry over to the next year reduces that year's long-term gains before its short-term gains. State efile   If you have both short-term and long-term losses, your short-term losses are used first against your allowable capital loss deduction. State efile If, after using your short-term losses, you have not reached the limit on the capital loss deduction, use your long-term losses until you reach the limit. State efile To figure your capital loss carryover from 2013 to 2014 use the Capital Loss Carryover Worksheet in the 2013 Instructions for Schedule D (Form 1040). State efile Joint and separate returns. State efile   On a joint return, the capital gains and losses of spouses are figured as the gains and losses of an individual. State efile If you are married and filing a separate return, your yearly capital loss deduction is limited to $1,500. State efile Neither you nor your spouse can deduct any part of the other's loss. State efile   If you and your spouse once filed separate returns and are now filing a joint return, combine your separate capital loss carryovers. State efile However, if you and your spouse once filed jointly and are now filing separately, any capital loss carryover from the joint return can be deducted only on the return of the spouse who actually had the loss. State efile Death of taxpayer. State efile   Capital losses cannot be carried over after a taxpayer's death. State efile They are deductible only on the final income tax return filed on the decedent's behalf. State efile The yearly limit discussed earlier still applies in this situation. State efile Even if the loss is greater than the limit, the decedent's estate cannot deduct the difference or carry it over to following years. State efile Corporations. State efile   A corporation can deduct capital losses only up to the amount of its capital gains. State efile In other words, if a corporation has a net capital loss, it cannot be deducted in the current tax year. State efile It must be carried to other tax years and deducted from capital gains occurring in those years. State efile For more information, see Publication 542. State efile Capital Gains Tax Rates The tax rates that apply to a net capital gain are generally lower than the tax rates that apply to other income. State efile These lower rates are called the maximum capital gains rates. State efile The term “net capital gain” means the amount by which your net long-term capital gain for the year is more than your net short-term capital loss. State efile For 2013, the maximum tax rates for individuals are 0%, 15%, 20%, 25%, and 28%. State efile Also, individuals, use the Qualified Dividends and Capital Gain Worksheet in the Instructions for Form 1040, or the Schedule D Tax Computation Worksheet in the Instructions for Schedule D (Form 1040) (whichever applies) to figure your tax if you have qualified dividends or net capital gain. State efile For more information, see chapter 4 of Publication 550. State efile Also see the Instructions for Schedule D (Form 1040). State efile Unrecaptured section 1250 gain. State efile   Generally, this is the part of any long-term capital gain on section 1250 property (real property) that is due to depreciation. State efile Unrecaptured section 1250 gain cannot be more than the net section 1231 gain or include any gain otherwise treated as ordinary income. State efile Use the worksheet in the Schedule D instructions to figure your unrecaptured section 1250 gain. State efile For more information about section 1250 property and net section 1231 gain, see chapter 3. State efile Form 4797 Use Form 4797 to report: The sale or exchange of: Property used in your trade or business; Depreciable and amortizable property; Oil, gas, geothermal, or other mineral properties; and Section 126 property. State efile The involuntary conversion (from other than casualty or theft) of property used in your trade or business and capital assets held in connection with a trade or business or a transaction entered into for profit. State efile The disposition of noncapital assets (other than inventory or property held primarily for sale to customers in the ordinary course of your trade or business). State efile The disposition of capital assets not reported on Schedule D. State efile The gain or loss (including any related recapture) for partners and S corporation shareholders from certain section 179 property dispositions by partnerships (other than electing large partnerships) and S corporations. State efile The computation of recapture amounts under sections 179 and 280F(b)(2) when the business use of section 179 or listed property decreases to 50% or less. State efile Gains or losses treated as ordinary gains or losses, if you are a trader in securities or commodities and made a mark-to-market election under Internal Revenue Code section 475(f). State efile You can use Form 4797 with Form 1040, 1065, 1120, or 1120S. State efile Section 1231 gains and losses. State efile   Show any section 1231 gains and losses in Part I. State efile Carry a net gain to Schedule D (Form 1040) as a long-term capital gain. State efile Carry a net loss to Part II of Form 4797 as an ordinary loss. State efile   If you had any nonrecaptured net section 1231 losses from the preceding 5 tax years, reduce your net gain by those losses and report the amount of the reduction as an ordinary gain in Part II. State efile Report any remaining gain on Schedule D (Form 1040). State efile See Section 1231 Gains and Losses in chapter 3. State efile Ordinary gains and losses. State efile   Show any ordinary gains and losses in Part II. State efile This includes a net loss or a recapture of losses from prior years figured in Part I of Form 4797. State efile It also includes ordinary gain figured in Part III. State efile Mark-to-market election. State efile   If you made a mark-to-market election, you should report all gains and losses from trading as ordinary gains and losses in Part II of Form 4797, instead of as capital gains and losses on Form 8949 and Schedule D (Form 1040). State efile See the Instructions for Form 4797. State efile Also see Special Rules for Traders in Securities, in chapter 4 of Publication 550. State efile Ordinary income from depreciation. State efile   Figure the ordinary income from depreciation on personal property and additional depreciation on real property (as discussed in chapter 3) in Part III. State efile Carry the ordinary income to Part II of Form 4797 as an ordinary gain. State efile Carry any remaining gain to Part I as section 1231 gain, unless it is from a casualty or theft. State efile Carry any remaining gain from a casualty or theft to Form 4684. State efile Prev  Up  Next   Home   More Online Publications